ABEONA THERAPEUTICS INC.
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>ex10-1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit
10.1</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LOAN
AND SECURITY AGREEMENT</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dated
as of January 8, 2024</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">between</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ABEONA
THERAPEUTICS INC.,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
Delaware corporation</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(&ldquo;<U>Company</U>&rdquo;),</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MACROCHEM
CORPORATION,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
Delaware corporation (&ldquo;<U>Macrochem</U>&rdquo;),</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
a borrower</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ABEONA
THERAPEUTICS LLC,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">an
Ohio limited liability company (&ldquo;<U>Abeona OH</U>&rdquo;),</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
a borrower</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(together
with Company and Macrochem, each individually, a &ldquo;<U>Borrower</U>&rdquo;,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and
collectively, &ldquo;<U>Borrower</U>&rdquo;)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AVENUE
VENTURE OPPORTUNITIES FUND II, L.P.,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
Delaware limited partnership, (&ldquo;<U>Avenue 2</U>&rdquo;),</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as
a lender,</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AVENUE
VENTURE OPPORTUNITIES FUND, L.P.,</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>a
Delaware limited partnership (&ldquo;<U>Avenue</U>&rdquo;)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>as
administrative agent and collateral agent (in such capacity &ldquo;<U>Agent</U>&rdquo;)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>and
as a lender (in such capacity, together with Avenue 2, a &ldquo;<U>Lender</U>&rdquo; and collectively, the &ldquo;<U>Lenders</U>&rdquo;)</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LOAN AND SECURITY AGREEMENT</U></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">Borrower, Lenders and Agent anticipate
entering into one or more transactions pursuant to which each Lender agrees to make available to Borrower a loan facility governed by
the terms and conditions set forth in this document and one or more Supplements executed by Borrower, Lenders and Agent which incorporate
this document by reference. Each Supplement constitutes a supplement to and forms part of this document, and will be read and construed
as one with this document, so that this document and the Supplement constitute a single agreement between the parties (collectively referred
to as this <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement</U>&rdquo;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">Accordingly, the parties agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARTICLE
1 - </FONT>INTERPRETATION</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1 Definitions.</B> The terms
defined in Article 11 and in the Supplement will have the meanings therein specified for purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2 Inconsistency.</B> In
the event of any inconsistency between the provisions of any Supplement and this document, the provisions of the Supplement will be controlling
for the purpose of all relevant transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 2 - THE COMMITMENT
AND LOANS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1 The Commitment</B>. Subject
to the terms and conditions of this Agreement, each Lender agrees to make term loans to Borrower from time to time from the Funding Date
and to and including the Termination Date in an aggregate principal amount not exceeding the Commitment. The Commitment is not a revolving
credit commitment, and Borrower does not have the right to repay and reborrow hereunder; provided that Borrower may prepay the Loans as
set forth in the Supplement. Each Loan requested by Borrower to be made on a single Business Day shall be for a minimum principal amount
set forth in the Supplement, except to the extent the remaining Commitment is a lesser amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2 Notes Evidencing Loans;
Repayment</B>. Each Loan shall be evidenced by a separate Note payable to the order of each Lender, in the total principal amount of such
Lender&rsquo;s pro rata share of the Loan. Principal and interest of each Loan shall be payable at the times and in the manner set forth
in the Note and regularly scheduled payments thereof shall be effected by automatic debit of the appropriate funds from Borrower&rsquo;s
Primary Operating Account as specified in the Supplement hereto. Repayment of the Loans and payment of all other amounts owed to each
Lender will be paid by Borrower in the currency in which the same has been provided (i.e., United States Dollars).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3 Procedures for Borrowing</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Other than a borrowing
on the Funding Date, at least five (5) Business Days prior to a proposed Borrowing Date (or such lesser period of time as may be agreed
upon by each Lender participating in the Loan in its sole discretion), Lenders shall have received from Borrower a written request for
a borrowing hereunder (a <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowing Request</U>&rdquo;</B>). Each Borrowing Request shall be in substantially the form of
<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit &ldquo;B&rdquo;</U> to the Supplement, shall be executed by a responsible executive or financial officer of Borrower, and shall
state how much is requested, and shall be accompanied by such other information and documentation as Lenders may reasonably request, including
the executed Note(s) for the Loan(s) covered by the Borrowing Request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>No later than 1:00
p.m. Pacific Standard Time on the Borrowing Date, if Borrower has satisfied the conditions precedent in Article 4 by 9:00 a.m. Pacific
Standard Time on such Borrowing Date, each Lender shall make its pro rata share of the Loan available to Borrower in immediately available
funds.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 2; Options: NewSection -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.4 Interest</B>. Except as
otherwise specified in the applicable Note and/or Supplement, Basic Interest on the outstanding principal balance of each Loan shall accrue
daily at the Designated Rate from the Borrowing Date. If the outstanding principal balance of such Loan is not paid at maturity, interest
shall accrue at the Default Rate until paid in full, as further set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.5 Intentionally Omitted</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.6 Interest Rate Calculation</B>.
Basic Interest, along with charges and fees under this Agreement and any Loan Document, shall be calculated for actual days elapsed on
the basis of a 360-day year, which results in higher interest, charge or fee payments than if a 365-day year were used. In no event shall
Borrower be obligated to pay Lenders interest, charges or fees at a rate in excess of the highest rate permitted by applicable law from
time to time in effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.7 Default Interest</B>.
Any unpaid payments in respect of the Obligations shall bear interest from their respective maturities, whether scheduled or accelerated,
at the Default Rate, compounded monthly. Borrower shall pay such interest promptly on written demand (electronic mail being sufficient).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.8 Late Charges.</B> If Borrower
is late in making any scheduled payment in respect of the Obligations by more than five (5) days, then Borrower agrees to pay a late charge
of five percent (5%) of the payment due, but not less than $50.00 for any one such delinquent payment. This late charge may be charged
by Lenders for the purpose of defraying the expenses incidental to the handling of such delinquent amounts. Borrower acknowledges that
such late charge represents a reasonable sum considering all of the circumstances existing on the date of this Agreement and represents
a fair and reasonable estimate of the costs that will be sustained by Lenders due to the failure of Borrower to make timely payments.
Borrower further agrees that proof of actual damages would be costly and inconvenient. Such late charge shall be paid without prejudice
to the right of Lenders and Agent to collect any other amounts provided to be paid or to declare a default under this Agreement or any
of the other Loan Documents or from exercising any other rights and remedies of Agent or Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.9 Lender&rsquo;s Records</B>.
Principal, Basic Interest and all other sums owed under any Loan Document shall be evidenced by entries in records maintained by each
Lender for such purpose. Each payment on and any other credits with respect to principal, Basic Interest and all other sums outstanding
under any Loan Document shall be evidenced by entries in such records. Absent manifest error, Lenders&rsquo; records shall be conclusive
evidence thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.10 Grant of Security Interests;
Filing of Financing Statements.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>To secure the timely
payment and performance of all of the Obligations, Borrower hereby grants to Agent, for the ratable benefit of Lenders, continuing security
interests in all of the Collateral. In connection with the foregoing, Borrower authorizes Agent to prepare and file any financing statements
describing the Collateral without otherwise obtaining Borrower&rsquo;s signature or consent with respect to the filing of such financing
statements. Such financing statements may indicate the Collateral as &ldquo;all assets of the Debtor&rdquo; or words of similar effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)
</B>In furtherance of Borrower&rsquo;s grant of the security interests in the Collateral pursuant to Section 2.10(a) above,</FONT> Borrower
hereby pledges and grants <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">to Agent, for the ratable benefit of Lenders, </FONT>a security interest
in all the Shares, together with all proceeds and substitutions thereof, all cash, stock and other moneys and property paid thereon, all
rights to subscribe for securities declared or granted in connection therewith, and all other cash and noncash proceeds of the foregoing,
as security for the performance of the Obligations. On the Closing Date or at any time thereafter following Agent&rsquo;s written request
(electronic mail being sufficient), the certificate or certificates for the Shares will be delivered to Agent, accompanied by an instrument
of assignment duly executed in blank by Borrower, unless such Shares have not been certificated. To the extent required by the terms and
conditions governing the Shares, Borrower shall cause the books of each entity whose Shares are part of the Collateral and any transfer
agent to reflect the pledge of the Shares. Upon the occurrence and during the continuance of an Event of Default hereunder and upon one
(1) Business Day&rsquo;s written notice (electronic mail being sufficient) from Agent to Borrower, Agent may effect the transfer of any
securities included in the Collateral (including but not limited to the Shares) into the name of Agent and cause new certificates representing
such securities to be issued in the name of Agent or its transferee(s). Borrower will execute and deliver such documents, and take or
cause to be taken such actions, as Agent may reasonably request to perfect or continue the perfection of Agent&rsquo;s security interest
in the Shares. Except as provided in the following sentence, Borrower shall be entitled to exercise any voting rights with respect to
the Shares and to give consents, waivers and ratifications in respect thereof, provided that no vote shall be cast or consent, waiver
or ratification given or action taken which would constitute a violation of any of the terms of this Agreement. All such rights to vote
and give consents, waivers and ratifications shall terminate upon the occurrence and continuance of an Event of Default and Agent&rsquo;s
one (1) Business Day&rsquo;s written notice (electronic mail being sufficient) to Borrower of Agent&rsquo;s intent to exercise its rights
and remedies under this Agreement, including this Section 2.10(b).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Borrower is and shall
remain absolutely and unconditionally liable for the performance of its Obligations, including, without limitation, any deficiency by
reason of the failure of the Collateral to satisfy all amounts due to each Lender under any of the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>All Collateral pledged
by Borrower under this Agreement and any Supplement shall secure the timely payment and performance of all Obligations. Except in connection
with dispositions permitted by this Agreement or as otherwise expressly provided in this Agreement (in which case the Lien on the Collateral
so transferred shall be automatically deemed released), no Collateral pledged under this Agreement or any Supplement shall be released
until such time as all Obligations (other than inchoate indemnity obligations) have been satisfied and paid in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.11 Warrant Original Issue
Discount. </B>The parties acknowledge and agree that the Loans and the Warrants are part of an &ldquo;investment unit&rdquo; within the
meaning of Section 1273(c)(2) of the Internal Revenue Code. The parties agree that for purposes of allocating a portion of the issue price
of the investment unit to the Warrants in accordance with Treasury Regulations Section 1.1273-2(h)(1), the fair market value of the Warrants
is $1,968,368.81. The Parties agree to file (and cause their Affiliates to file) all tax returns consistently with this Section 2.11 and
not take any position inconsistent therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 3 - REPRESENTATIONS
AND WARRANTIES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">Borrower represents and warrants
that, except as set forth in the Supplement or the Schedule of Exceptions hereto, if any, as of the Closing Date and each Borrowing Date:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1 Due Organization</B>.
Borrower is a corporation duly organized and validly existing in good standing under the laws of the jurisdiction of its incorporation,
and is duly qualified to conduct business and is in good standing in each other jurisdiction in which its business is conducted or its
properties are located, except where the failure to be so qualified would not reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2 Authorization, Validity
and Enforceability</B>. The execution, delivery and performance of all Loan Documents executed by Borrower are within Borrower&rsquo;s
powers, have been duly authorized, and are not in conflict with Borrower&rsquo;s certificate of incorporation or by-laws, or the terms
of any charter or other organizational document of Borrower, as amended from time to time; and all such Loan Documents constitute valid
and binding obligations of Borrower, enforceable in accordance with their terms (except as may be limited by bankruptcy, insolvency, reorganization,
moratorium and other similar laws affecting the enforcement of creditors&rsquo; rights in general, and subject to general principles of
equity, regardless of whether considered in a proceeding in equity or at law).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3 Compliance with Applicable
Laws</B>. Borrower has complied with all licensing, permit and fictitious name requirements necessary to lawfully conduct the business
in which it is engaged, and to any sales, leases or the furnishing of services by Borrower, including without limitation those requiring
consumer or other disclosures, the noncompliance with which would have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4 No Conflict</B>. The execution,
delivery, and performance by Borrower of all Loan Documents are not in conflict with any law, rule, regulation, order or directive, or
any indenture, other material agreement, or undertaking to which Borrower is a party or by which Borrower may be bound or affected, which
could reasonably be expected to have a Material Adverse Effect. Without limiting the generality of the foregoing, the issuance of the
Warrant and the grant of registration rights in connection therewith do not violate any agreement or instrument by which Borrower is bound
or require the consent of any holders of Borrower&rsquo;s securities other than consents which have been obtained prior to the Closing
Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.5 No Litigation, Claims
or Proceedings</B>. There is no litigation, tax claim, proceeding or dispute pending, or, to the knowledge of Borrower, threatened in
writing against or affecting Borrower, its property or the conduct of its business, in each case, that could result in liability or damages
to Borrower in excess of $250,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.6 Correctness of Financial
Statements</B>. Borrower&rsquo;s financial statements (other than any projections which are subject to significant uncertainties and contingencies)
which have been delivered to Lenders fairly and accurately, in all material respects, reflect Borrower&rsquo;s financial condition in
accordance with GAAP (except, with respect to unaudited financial statements, for the absence of footnotes and subject to normal year-end
adjustments) as of the latest date of such financial statements; and, since that date there has been no Material Adverse Change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.7 No Subsidiaries</B>. As
of the Closing Date, Borrower is not a majority owner of or in a control relationship with any other business entity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.8 Environmental Matters</B>.
To its knowledge after reasonable inquiry, Borrower has concluded that Borrower is in compliance with Environmental Laws, except to the
extent a failure to be in such compliance would not reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.9 No Event of Default</B>.
No Default or Event of Default has occurred and is continuing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.10 Full Disclosure</B>.
None of the representations or warranties made by Borrower in the Loan Documents as of the date such representations and warranties are
made or deemed made, and none of the written statements (other than projections or forecasts and information of a general economic or
industry nature) contained in any exhibit, report, statement or certificate furnished by or on behalf of Borrower in connection with the
Loan Documents (as modified or supplemented by other written information so furnished) (including disclosure materials delivered by or
on behalf of Borrower to either Lender prior to the Closing Date or pursuant to Section 5.2 hereof), taken as a whole, contains any untrue
statement of a material fact or omits any material fact required to be stated therein or necessary to make the statements made therein,
in light of the circumstances under which they are made, not misleading as of the time when made or delivered (it being recognized by
Agent that the projections and forecasts provided by Borrower in good faith and based upon reasonable assumptions are not viewed as facts
and that actual results during the period or periods covered by such projections and forecasts may differ from the projected or forecasted
results).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.11 Specific Representations
Regarding Collateral.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Title.</B> Except for
the security interests created by this Agreement and Permitted Liens, (i) Borrower is and will be the unconditional legal and beneficial
owner of the Collateral, and (ii) the Collateral is genuine and subject to no Liens. There exist no prior assignments or encumbrances
of record with the U.S. Patent and Trademark Office or U.S. Copyright Office affecting any Collateral in favor of any third party, other
than Permitted Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Rights to Payment.</B>
The names of the obligors, amounts owing to Borrower, due dates and all other information with respect to the Rights to Payment are and
will be correctly stated in all material respects in all Records relating to the Rights to Payment. Borrower further represents and warrants,
to its knowledge, that each Person appearing to be obligated on a Right to Payment has authority and capacity to contract and is bound
as it appears to be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Location of Collateral.</B>
As of the Closing Date, Borrower&rsquo;s chief executive office, Inventory, Records, Equipment, and any other offices or places of business
are located at the address(es) shown on the Supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Business Names.</B> Other
than its full corporate name, Borrower has not conducted business using any trade names or fictitious business names except as shown on
the Supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.12 Copyrights, Patents,
Trademarks and Licenses</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Borrower owns or is
licensed or otherwise has the right to use all of the Patents, Trademarks, service marks, trade names, Copyrights, contractual franchises,
authorizations and other similar rights that are reasonably necessary for the operation of its business, without known conflict with the
rights of any other Person, except as could not reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>To Borrower&rsquo;s
knowledge, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated
to be employed, by Borrower infringes upon any rights held by any other Person, except as could not reasonably be expected to have a Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>No claim or litigation
regarding any of the foregoing is pending or, to Borrower&rsquo;s knowledge, threatened in writing, and, to Borrower&rsquo;s knowledge,
no patent, invention, device, application, principle or any statute, law, rule, regulation, standard or code is pending or proposed which,
in either case, could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.13
Regulatory Compliance. </B></FONT>Borrower has met the minimum funding requirements of ERISA with respect to any employee benefit plans
subject to ERISA. No event has occurred resulting from Borrower&rsquo;s failure to comply with ERISA that is reasonably likely to result
in Borrower&rsquo;s incurring any liability that could reasonably be expected to have a Material Adverse Effect. Borrower is not required
to be registered as an &ldquo;investment company&rdquo; or a company &ldquo;controlled&rdquo; by an &ldquo;investment company&rdquo; within
the meaning of the Investment Company Act of 1940. Borrower is not engaged principally, or as one of its important activities, in the
business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulations T and U of the
Board of Governors of the Federal Reserve System). Borrower has complied in all material respects with all the provisions of the Federal
Fair Labor Standards Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.14 Shares.</B> Borrower
has full power and authority to create a first priority Lien on the Shares and no disability or contractual obligation exists that would
prohibit Borrower from pledging the Shares pursuant to this Agreement. To Borrower&rsquo;s knowledge, there are no subscriptions, warrants,
rights of first refusal or other restrictions on transfer relative to, or options exercisable with respect to the Shares. The Shares have
been and will be duly authorized and validly issued, and are fully paid and non-assessable. To Borrower&rsquo;s knowledge, the Shares
are not the subject of any present or threatened (in writing) suit, action, arbitration, administrative or other proceeding, and Borrower
knows of no reasonable grounds for the institution of any such proceedings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.15 Compliance with Anti-Corruption
Laws. </B>Borrower has not taken any action that would cause a violation of any anti-corruption law, including but not limited to, the
Foreign Corrupt Practices Act, the United Kingdom Bribery Act, and all other applicable anti-corruption laws. Borrower, its employees,
agents and representatives have not, directly or indirectly, offered, paid, given, promised or authorized the payment of any money, gift
or anything of value to any person acting in an official capacity for any government department, agency or instrumentality, including
state-owned or controlled companies or entities, and public international organizations, as well as a political party or official thereof
or candidate for political office. None of Borrower&rsquo;s principals or staff are officers, employees or representatives of governments,
government agencies, or government-owned or controlled enterprises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.16 Survival.</B> The representations
and warranties of Borrower as set forth in this Agreement survive the execution and delivery of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 4 - CONDITIONS PRECEDENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1 Conditions to First Loan</B>.
The obligations of each Lender to make its first Loan hereunder is, in addition to the conditions precedent specified in Section 4.2 and
in any Supplement, subject to the fulfillment of the following conditions and to the receipt by Lenders of the fees and documents described
below, duly executed and in form and substance satisfactory to each Lender and its counsel:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Resolutions</B>. A certified
copy of the resolutions of the Board of Directors of Borrower authorizing the execution, delivery and performance by Borrower of the Loan
Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Incumbency and Signatures</B>.
A certificate of the secretary (or other officer performing the functions of secretary) of Borrower certifying the names of the officer
or officers of Borrower authorized to sign the Loan Documents, together with a sample of the true signature of each such officer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Legal Opinion</B>. (i)
An opinion from Willkie Farr &amp; Gallagher LLP, as special New York counsel to Borrower and (ii) an opinion from Lape Mansfield Nakasian
&amp; Gibson, LLC, as special Ohio counsel to Borrower, as to such matters as Agent or any Lender may reasonably request, in form and
substance reasonably satisfactory to Agent and Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Charter Documents</B>.
Copies of the organizational, constitutional and charter documents of Borrower (e.g., Articles or Certificate of Incorporation and Bylaws),
as amended through the Closing Date, certified by an officer of Borrower as being true, correct and complete.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) This Agreement</B>. Counterparts
of this Agreement and the initial Supplement, with all schedules completed and attached thereto, and disclosing such information as is
acceptable to Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) Financing Statements and
Control Agreements</B>. Filing copies (or other evidence of filing satisfactory to Agent and its counsel) of such UCC financing statements,
collateral assignments, account control agreements in connection with Deposit Accounts and investment accounts set forth in Part 3, Section
(i) of the Supplement other than Excluded Accounts, and termination statements, with respect to the Collateral as Agent shall request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) Intellectual Property
Security Agreement.</B> An Intellectual Property Security Agreement executed by Borrower in form and substance satisfactory to Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) Lien Searches</B>. UCC
lien, judgment, bankruptcy and tax lien searches of Borrower from such jurisdictions or offices as Agent may reasonably request, all as
of a date reasonably satisfactory to Agent and its counsel.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) Good Standing Certificate</B>.
A certificate of status or good standing of Borrower as of a date acceptable to Agent from the jurisdiction of Borrower&rsquo;s organization
and any foreign jurisdictions where Borrower is qualified to do business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j) Warrant</B>. The Warrant
issued by Borrower to each Lender exercisable for such number, type and class of shares of Borrower&rsquo;s capital stock, and for an
initial exercise price as is specified therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k) Insurance Certificates</B>.
Insurance certificates showing Agent as loss payee or additional insured.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l) Fees</B>. Reimbursement
and payment of (i) Commitment fee, (ii) documentation fee and (iii) all reasonable fees and expenses incurred by Agent and the Lenders
in connection with this Agreement or the Loan Documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m) Other Documents</B>. Such
other documents and instruments as Agent or Lenders may reasonably request to effectuate the intents and purposes of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2 Conditions to All Loans</B>.
The obligation of each Lender to make its initial Loan and any subsequent Loan is subject to the following further conditions precedent
that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) No Default</B>. No Default
or Event of Default has occurred and is continuing or will result from the making of any such Loan, and the representations and warranties
of Borrower contained in Article 3 of this Agreement and Part 3 of the Supplement are true and correct in all material respects as of
the Borrowing Date of such Loan (except to the extent such representations and warranties relate solely to an earlier date, in which case
the same are true and correct in all material respects as of such earlier date).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) No Material Adverse Change</B>.
No event has occurred that has had or could reasonably be expected to have a Material Adverse Change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Borrowing Request</B>.
Borrower shall have delivered to each Lender a Borrowing Request for such Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Note</B>. Borrower shall
have delivered an executed Note evidencing such Loan, substantially in the form attached to the Supplement as an exhibit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) Supplemental Lien Filings</B>.
Borrower shall have executed and delivered such amendments or supplements to this Agreement and additional Security Documents, financing
statements and third party waivers as Agent may reasonably request in connection with the proposed Loan, in order to create, protect or
perfect or to maintain the perfection of Agent&rsquo;s Liens on the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) Intentionally Omitted</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) Financial Projections</B>.
Borrower shall have delivered to Lenders Borrower&rsquo;s business plan and/or financial projections or forecasts as most recently approved
by Borrower&rsquo;s Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 5 - AFFIRMATIVE COVENANTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">During the term of this Agreement
and until its performance of all Obligations (other than inchoate indemnity obligations), Borrower will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1 Notice to Lenders</B>.
Promptly give written notice to Lenders of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Any litigation or
administrative or regulatory proceeding affecting Borrower where the amount claimed against Borrower is at the Threshold Amount or more,
or where the granting of the relief requested could reasonably be expected to have a Material Adverse Effect; or of the acquisition by
Borrower of any commercial tort claim with a value in excess of $250,000, including brief details of such claim and such other information
as Agent may reasonably request to enable Agent to better perfect its Lien in such commercial tort claim as Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Any substantial dispute
which may exist between Borrower and any governmental or regulatory authority that could reasonably be expected to have a Material Adverse
Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>The occurrence of
any Default or any Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>Any change in the
location of any of Borrower&rsquo;s places of business or Collateral at least twenty (20) days in advance of such change (except for changes
in location of (i) items of movable property such as laptop computers, (ii) Collateral with a book value less than $100,000), or the establishment
of any new, or the discontinuance of any existing, place of business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>Any dispute or default
by Borrower or any other party under any joint venture, partnering, distribution, cross-licensing, strategic alliance, collaborative research
or manufacturing, license or similar agreement which could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>Any other matter which
has resulted or might reasonably result in a Material Adverse Change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) </B>Any Subsidiary Borrower
intends to acquire or create.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2 Financial Statements</B>.
Deliver to Lenders or cause to be delivered to Lenders, in form and detail satisfactory to Lenders the following financial and other information,
which Borrower warrants shall be accurate and complete in all material respects:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Monthly Financial Statements</B>.
As soon as available but no later than thirty (30) days after the end of each month, Borrower&rsquo;s unaudited balance sheet as of the
end of such period, and Borrower&rsquo;s unaudited income statement and cash flow statement for such period and for that portion of Borrower&rsquo;s
financial reporting year ending with such period and attested by a responsible financial officer of Borrower as being complete and correct
in all material respects and fairly presenting Borrower&rsquo;s financial condition and the results of Borrower&rsquo;s operations as
of the date(s) and for the period(s) covered thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Year-End Financial Statements</B>.
As soon as available but no later than ninety (90) days after the end of each financial reporting year, a complete copy of Borrower&rsquo;s
audit report, which shall include balance sheet, income statement, statement of changes in equity and statement of cash flows for such
year, prepared in accordance with GAAP and certified by an independent certified public accountant selected by Borrower and satisfactory
to Lenders (the <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Accountant</U>&rdquo;</B>). The Accountant&rsquo;s certification shall not be qualified or limited due to
a restricted or limited examination by the Accountant of any material portion of Borrower&rsquo;s records.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Compliance Certificates</B>.
Simultaneously with the delivery of each set of financial statements referred to in paragraphs (a) and (b) above, a certificate of the
chief financial officer of Borrower (or other executive officer) substantially in the form of <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit &ldquo;C&rdquo;</U> to the Supplement
(a <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compliance Certificate</U>&rdquo;</B>) stating, among other things, whether any Default or Event of Default exists on
the date of such certificate, and if so, setting forth the details thereof and the action which Borrower is taking or proposes to take
with respect thereto. If requested by any Lender, a Compliance Certificate also shall be delivered to Lenders on the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Government Required Reports</B>.
Promptly after sending, issuing, making available, or filing, copies of all reports, proxy statements, and financial statements that Borrower
sends or makes available generally to its stockholders (in their capacities as such), and, not later than five (5) days after actual filing
or the date such filing was first due, all registration statements and reports that Borrower files or is required to file with the Securities
and Exchange Commission, or any other equivalent governmental or regulatory authority having similar authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) Other Information</B>.
Such other statements, lists of property and accounts, budgets (as updated), sales projections, forecasts, reports, 409A valuation reports
(as updated), operating plans, financial exhibits, capitalization tables (as updated) and information relating to equity and debt financings
consummated after the Closing Date (including post-closing capitalization table(s)), or other information, in each case, as any Lender
may from time to time reasonably request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) Board Packages</B>. In
addition to the information described in Section 5.2(e), Borrower will promptly provide Lenders with copies of information and notices
it supplies to its shareholders, and copies of all information, notices, minutes, consents and other materials, financial or otherwise,
which Borrower provides to its Board of Directors (collectively, <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Board Packages</U>&rdquo;</B>); <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided, however</U>,
that Borrower need not provide Lenders with copies of routine Board actions, such as option and stock grants under Borrower&rsquo;s equity
incentive plan in the normal course of business; and <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>, <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">further</U>, <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">however</U>, that such Board Packages may be
redacted to the extent that (i) based on the advice of counsel, Borrower&rsquo;s Board of Directors determines such redaction is reasonably
necessary to preserve the attorney-client privilege, to protect highly confidential proprietary information, or for other similar reasons
or (ii) such redacted material relates to Lenders (or Borrower&rsquo;s strategy regarding the Loans or Lenders).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">Notwithstanding the foregoing,
any documents required to be delivered pursuant to the terms of clauses (d) and (e) above (to the extent any such documents are included
in materials otherwise filed with the Securities and Exchange Commission or other equivalent governmental or regulatory authority having
similar authority) will be deemed to have been delivered to the extent Borrower posts the relevant documents to its website, to www.sec.gov,
or to such other website and delivers a link thereto to Agent as notified to Lenders in lieu of delivering hard copies thereof to Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3 Intentionally Omitted.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.4 Existence</B>. Maintain
and preserve Borrower&rsquo;s legal existence, present form of business, and the rights, qualifications, licenses, permits, franchises,
governmental authorizations, Intellectual Property rights, licenses and permits material to the conduct of its business, and maintain
all requisite authority to conduct its business in each jurisdiction in which its business is conducted; and keep all Borrower&rsquo;s
property in good working order and condition, ordinary wear and tear excepted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.5 Insurance</B>. Obtain
and keep in force insurance in such amounts and types as is usual in the type of business conducted by Borrower, with insurance carriers
having a policyholder rating of not less than &ldquo;A&rdquo; and financial category rating of Class VII in &ldquo;Best&rsquo;s Insurance
Guide,&rdquo; unless otherwise approved by Lenders. Such insurance policies must be in form and substance reasonably satisfactory to Lenders,
and shall list Agent as an additional insured or loss payee, as applicable, on endorsement(s) in form reasonably acceptable to Agent.
Borrower shall furnish to Agent such endorsements within thirty (30) days following the Closing Date (or such longer period as Agent may
agree to in writing in its sole discretion), and upon Lender&rsquo;s request, copies of any or all such policies. Notwithstanding the
foregoing, (a) so long as no Event of Default has occurred and is continuing, Borrower shall have the option of applying the proceeds
of any casualty policy up to $250,000 in the aggregate for all losses under all casualty policies during any twelve (12) month period,
toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired property (i) shall be of
equal or like value as the replaced or repaired Collateral and (ii) shall be deemed Collateral in which Agent has been granted a first
priority security interest, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under
such casualty policy shall, at the option of Agent, be payable to Agent on account of the Obligations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.6 Accounting Records</B>.
Maintain adequate books, accounts and records, and prepare all financial statements in accordance with GAAP, and in compliance with the
regulations of any governmental or regulatory authority having jurisdiction over Borrower or Borrower&rsquo;s business; and permit employees
or agents of Agent at such reasonable times as Agent may request (not to exceed one (1) time in any 12-month period unless an Event of
Default has occurred and is continuing), on reasonable advance written notice (provided that no notice is required if an Event of Default
has occurred and is continuing), at Borrower&rsquo;s expense (not to exceed $2,500 in any 12-month period unless an Event of Default has
occurred and is continuing), to inspect Borrower&rsquo;s properties, and to examine, review and audit, and make copies and memoranda of
Borrower&rsquo;s books, accounts and records; provided, however, that such books, accounts and records may be redacted to the extent that
(i) based on the advice of counsel, Borrower&rsquo;s Board of Directors determines such redaction is reasonably necessary to preserve
the attorney-client privilege, to protect highly confidential proprietary information, or to comply with any applicable law or regulation,
or (ii) such redacted material relates to Lenders (or Borrower&rsquo;s strategy regarding the Loans or Lenders).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.7 Compliance with Laws</B>.
Comply with all laws (including Environmental Laws), rules, regulations applicable to, and all orders and directives of any governmental
or regulatory authority having jurisdiction over, Borrower or Borrower&rsquo;s business, and with all material agreements to which Borrower
is a party, except where the failure to so comply would not have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.8 Taxes and Other Liabilities</B>.
Pay all Borrower&rsquo;s Indebtedness when due (subject to any applicable grace or notice periods); pay all taxes and other governmental
or regulatory assessments (individually or in the aggregate in excess of $50,000) before delinquency or before any penalty attaches thereto,
except as may be contested in good faith by the appropriate procedures and for which Borrower shall maintain appropriate reserves; and
timely file all required tax returns (subject to any applicable extensions).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.9 Special Collateral Covenants.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) Maintenance of Collateral;
Inspection.</B> Do all things reasonably necessary to maintain, preserve, protect and keep all Collateral in good working order and salable
condition, ordinary wear and tear excepted, deal with the Collateral in all commercially reasonable ways as are considered good practice
by owners of like property, and use the Collateral lawfully and, to the extent applicable, only as permitted by Borrower&rsquo;s insurance
policies. Maintain, or cause to be maintained, complete and accurate Records, in all material respects, relating to the Collateral. Upon
reasonable prior written (electronic mail being sufficient) notice (no less than two (2) Business Days unless an Event of Default has
occurred and is continuing) at reasonable times during normal business hours (not more than once per 12-month period unless an Event of
Default has occurred and is continuing), at Borrower&rsquo;s expense (not to exceed $2,500 in any 12-month period unless an Event of Default
has occurred and is continuing), Borrower hereby authorizes Agent and each Lenders&rsquo; officers, employees, representatives and agents
to inspect the Collateral and to discuss the Collateral and the Records relating thereto with Borrower&rsquo;s officers and employees,
and, in the case of any Right to Payment, after consultation with Borrower, with any Person which is or may be obligated thereon; provided,
however, that such Records and other related materials may be redacted to the extent that (i) based on the advice of counsel, Borrower&rsquo;s
Board of Directors determines such redaction is reasonably necessary to preserve the attorney-client privilege, to protect highly confidential
proprietary information, or to comply with any applicable law or regulation, or (ii) such redacted material relates to Lenders (or Borrower&rsquo;s
strategy regarding the Loans or Lenders).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) Documents of Title.</B>
Not sign or authorize the signing of any financing statement or other document naming Borrower as debtor or obligor, or acquiesce or cooperate
in the issuance of any bill of lading, warehouse receipt or other document or instrument of title with respect to any Collateral, except
those negotiated to Agent, or those naming Agent as secured party, or if solely to create, perfect or maintain a Permitted Lien.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) Change in Location or
Name.</B> Without at least twenty (20) days&rsquo; prior written notice to Agent: (a) not relocate any Collateral (other than (i) moveable
property such as laptop computers and (ii) other Collateral with a book value less than $100,000) or Records, its chief executive office,
or establish a place of business at a location other than as specified in the Supplement&#894; and (b) not change its name, mailing address,
location of Collateral (other than (i) moveable property such as laptop computers, (ii) Collateral with a book value less than $100,000),
jurisdiction of incorporation or formation (as applicable) or its legal structure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) Decals, Markings.</B>
At the request of Required Lenders, firmly affix a decal, stencil or other marking to designated items of Equipment, indicating thereon
the security interest of Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) Agreement with Persons
in Possession of Collateral.</B> Use its commercially reasonable efforts to obtain and maintain such acknowledgments, consents, waivers
and agreements (each a <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Waiver</U>&rdquo;</B>) from the owner, operator, lienholder, mortgagee, landlord or any Person in
possession of tangible Collateral in excess of $10,000 per location as Lenders may require, all in form and substance reasonably satisfactory
to Lenders. In addition, Lenders shall have the right to require Borrower to use its commercially reasonable efforts to provide Agent
with a Waiver for any Collateral that is located in a jurisdiction that provides for statutory landlord&rsquo;s Liens and for any location
at which the Person in possession of such Collateral has a Lien thereon; provided, however, that Borrower shall have thirty (30) days
after the Closing Date to deliver to Agent a Waiver from the landlord of Borrower&rsquo;s primary leased location. Notwithstanding anything
to the contrary in this Section 5.9(e), Borrower and Lender acknowledge and agree that all material Intellectual Property and Records
that are maintained on items of Collateral for which Borrower is unable to provide a Waiver also shall be maintained or backed up in a
manner sufficient that Agent shall be able to have access to such Intellectual Property and Records in accordance with the exercise of
Agent&rsquo;s rights hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) Certain Agreements on
Rights to Payment.</B> Other than in the ordinary course of business, not make any material discount, credit, rebate or other reduction
in the original amount owing on a Right to Payment or accept in satisfaction of a Right to Payment less than the original amount thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.10 Authorization for Automated
Clearinghouse Funds Transfer.</B> (i) Authorize each Lender and Agent to initiate debit entries to Borrower&rsquo;s Primary Operating
Account, specified in the Supplement hereto, through Automated Clearinghouse (<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ACH</U>&rdquo;</B>) transfers, in order to
satisfy the regularly scheduled payments of principal and interest; (ii) provide each Lender at least twenty (20) days&rsquo; notice of
any change in Borrower&rsquo;s Primary Operating Account; and (iii) grant each Lender any additional authorizations necessary to begin
ACH debits from a new account which becomes the Primary Operating Account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.11 Anti-Corruption Laws.
</B>Provide true, accurate and complete information, in all material respects, in all product orders, reimbursement requests and other
communications relating to Borrower and its products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 6 - NEGATIVE COVENANTS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">During the term of this Agreement
and until the performance of all Obligations (other than inchoate indemnity obligations), Borrower will not:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1 Indebtedness.</B> Be indebted
for borrowed money, the deferred purchase price of property, or leases which would be capitalized in accordance with GAAP; or become liable
as a surety, guarantor, accommodation party or otherwise for or upon any obligation of any other Person, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Indebtedness incurred
for the acquisition of supplies, Inventory or other property or services on normal trade credit;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Indebtedness incurred
pursuant to one or more transactions permitted under <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.4</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Indebtedness of Borrower
under this Agreement or any other Loan Document;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>Subordinated Debt;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>any Indebtedness approved
by Lenders prior to the Closing Date as shown on <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.1</U>;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>Indebtedness secured
by a Lien described in clause (c) of the defined term &ldquo;Permitted Liens&rdquo; not to exceed $1,000,000 in aggregate principal amount
outstanding at any time:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) </B>Indebtedness incurred
under corporate credit cards not to exceed the Credit Card Limit at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) </B>guaranties and similar
surety obligations in respect of Indebtedness permitted under this Section 6.1;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) </B>Indebtedness consisting
of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j) </B>Indebtedness in the
form of letters of credit in an aggregate face amount not to exceed $250,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k) </B>Indebtedness in respect
of performance bonds, bid bonds, appeal bonds, surety bonds and similar obligations (other than in respect of other Indebtedness), in
each case, provided in&rdquo; the ordinary course of business in an aggregate amount not to exceed $50,000 at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l) </B>other unsecured Indebtedness
in an aggregate principal amount outstanding not to exceed $200,000 at any time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m) </B>extensions, refinancings,
modifications, amendments, restatements and renewals of any of the foregoing; provided that the principal amount thereof is not increased;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n) </B>earnouts, deferred
purchase price obligations, purchase price adjustments, seller notes and similar obligations incurred in connection with Permitted Acquisitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2 Liens</B>. Create, incur,
assume or permit to exist any Lien, or grant any other Person a negative pledge that limits, restricts or prohibits the granting of any
Lien on Borrower&rsquo;s property in favor of Agent, on any of Borrower&rsquo;s property, except, in each case, Permitted Liens and any
negative pledge in respect of any asset subject to a Lien permitted by clause (c) of the definition of Permitted Liens. Borrower, Lenders
and Agent agree that this covenant is not intended to constitute a lien, deed of trust, equitable mortgage, or security interest of any
kind on any of Borrower&rsquo;s real property, and this Agreement shall not be recorded or recordable. Notwithstanding the foregoing,
however, violation of this covenant by Borrower shall constitute an Event of Default.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3 Dividends</B>. Pay any
dividends or purchase, redeem or otherwise acquire or make any other distribution with respect to any of Borrower&rsquo;s capital stock,
except (a) dividends or other distributions solely of capital stock of Borrower, (b) so long as no Event of Default has occurred and is
continuing, repurchases of stock from employees, managers, consultants or contractors upon termination of employment or services under
reverse vesting or similar repurchase plans not to exceed $100,000 in any calendar year, (c) the conversion of Borrower&rsquo;s convertible
securities into other securities pursuant to the terms of such convertible securities or otherwise in exchange thereof, (d) the purchase,
redemption or other acquisition of shares of Borrower&rsquo;s capital stock with the proceeds received from a substantially concurrent
issue of new shares of its capital stock, (e) (i) make cashless repurchases of equity interests deemed to occur upon exercise of stock
options or warrants of such equity interests to represent a portion of the exercise price of such options or warrants and (ii) acquire
(or withhold) their equity interests pursuant to any employee stock option or similar plan in satisfaction of withholding or similar taxes
payable by any present or former officer, employee, director or member of management and make deemed repurchases in connection with the
exercise of stock options, and (f) make payments of cash in lieu of fractional shares of equity interests arising out of stock dividends,
splits or combinations in connection with exercises or conversions of options, warrants and other convertible securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4 Fundamental Changes</B>.
(a) Liquidate or dissolve; (b) enter into, or permit any of Borrower&rsquo;s Subsidiaries to enter into, any Change of Control; or (c)
acquire, or permit any of Borrower&rsquo;s Subsidiaries to acquire, all or substantially all of the capital stock or property of another
Person unless such acquisition is permitted pursuant to Section 6.14(a) or a Permitted Acquisition. Notwithstanding anything to the contrary
in this Section 6.4, Borrower may enter into a transaction that will constitute a Change of Control so long as: (i) the Person that results
from such Change of Control (the <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Surviving Entity</U>&rdquo;</B>) shall have executed and delivered to Lenders an agreement
in form and substance reasonably satisfactory to each Lender, containing an assumption by the Surviving Entity of the due and punctual
payment and performance of all Obligations and performance and observance of each covenant and condition of Borrower in the Loan Documents;
(ii) all such obligations of the Surviving Entity to Lenders shall be guaranteed by any Person that directly or indirectly owns or controls
50% or more of the voting stock of the Surviving Entity; (iii) immediately after giving effect to such Change of Control, no Event of
Default or, event which with the lapse of time or giving of notice or both, would result in an Event of Default shall have occurred and
be continuing; (iv) the credit risk to Lenders, in each Lender&rsquo;s sole discretion, with respect to the Obligations and the Collateral
shall not be increased; and (v) Borrower shall have provided Agent with prior written notice of any such Change of Control transaction.
In determining whether the proposed Change of Control would result in an increased credit risk, each Lender may consider, among other
things, changes in Borrower&rsquo;s management team, employee base, access to equity markets, venture capital support, financial position
and/or disposition of intellectual property rights which may reasonably be anticipated as a result of the Change of Control. In addition,
(i) a Subsidiary may merge or consolidate into another Subsidiary and (ii) Borrower may consolidate or merge with any of Borrower&rsquo;s
Subsidiaries provided that Borrower is the continuing or surviving Person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.5
Sales of Assets</B>. </FONT>Sell, transfer, lease, license or otherwise dispose of (a <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transfer</U>&rdquo;</B>) any of Borrower&rsquo;s
assets except (i) non-exclusive licenses of Intellectual Property in the ordinary course of business, provided that such licenses of Intellectual
Property neither result in a legal transfer of title of the licensed Intellectual Property nor have the same effect as a sale of such
Intellectual Property; (ii) Transfers of worn-out, obsolete or surplus property (each as determined by Borrower in its reasonable judgment);
(iii) Transfers of Inventory in the ordinary course of business; (iv) Transfers constituting Permitted Liens; (v) Transfers permitted
in Section 6.3, 6.4, 6.6 or 6.7 hereunder; (vi) Transfers of assets (other than Intellectual Property) for fair consideration and in the
ordinary course of its business; and (vii) other Transfers in an aggregate amount not to exceed $250,000 in any fiscal year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.6 Loans/Investments</B>.
Make or suffer to exist any loans, guaranties, advances, or investments (<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investments</U>&rdquo;</B>), except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>accounts receivable
in the ordinary course of Borrower&rsquo;s business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Investments in domestic
certificates of deposit issued by, and other domestic investments with, financial institutions organized under the laws of the United
States or a state thereof, having at least $100,000,000 in capital and a rating of at least &ldquo;investment grade&rdquo; or &ldquo;A&rdquo;
by Moody&rsquo;s or any successor rating agency;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Investments in marketable
obligations of the United States of America and in open market commercial paper given the highest credit rating by a national credit agency
and maturing not more than one year from the creation thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>temporary advances
to cover incidental expenses to be incurred in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>Investments in joint
ventures, strategic alliances, licensing and similar arrangements customary in Borrower&rsquo;s industry and which do not require Borrower
to assume or otherwise become liable for the obligations of any third party not directly related to or arising out of such arrangement
or, without the prior written consent of Required Lenders, require Borrower to transfer ownership of non-cash assets to such joint venture
or other entity;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>Investments in (i)
one or more wholly-owned domestic Subsidiaries of Borrower, so long as in accordance with Section 6.14(a) of this Agreement, each such
Person has been made a co-borrower hereunder or has executed and delivered to Lenders an agreement, in form and substance reasonably satisfactory
to Required Lenders, containing a guaranty of the Obligations, and (ii) one or more wholly-owned foreign Subsidiaries of Borrower with
the prior written consent of Required Lenders;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) </B>Investments approved
by Lenders prior to the Closing Date as shown on Schedule 6.6;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) </B>Investments accepted
in connection with Transfers permitted by Section 6.5;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) </B>non-cash loans approved
by Borrower&rsquo;s Board of Directors or Managing Member (as applicable) to employees, officers, managers or directors relating to the
purchase of equity securities of Borrower pursuant to employee stock purchase plans or agreements approved by Borrower&rsquo;s Board of
Directors, limited to an aggregate total of $250,000 at any time outstanding;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j) </B>Investments (including
debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent
obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Borrower&rsquo;s business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k) </B>Investments permitted
under Section 6.11;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l) </B>Investments consisting
of notes receivable of, or prepaid royalties and other credit extensions to, customers and suppliers in the ordinary course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m) </B>Investments by wholly
owned Subsidiaries in other wholly owned Subsidiaries or in Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n) </B>Investments consisting
of deposit accounts in which Agent has a first priority perfected security interest to the extent required by Section 6.11;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o) </B>Investments consisting
of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p) </B>other Investments
not otherwise permitted hereunder not exceeding $100,000 in the aggregate in any twelve (12) month period; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q) </B>Permitted Acquisitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.7 Transactions with Related
Persons</B>. Directly or indirectly enter into any transaction with or for the benefit of a Related Person on terms more favorable to
the Related Person than would have been obtainable in an &ldquo;arms&rsquo; length&rdquo; dealing, except (a) sales of equity securities
by Borrower and incurrence of Subordinated Debt for capital raising purposes, (b) commercially reasonable and customary compensation (including
bonuses) and other benefits (including retirement, health, stock option and other benefit plans) and indemnification arrangements with
Borrower&rsquo;s employees, officers, directors and managers approved by Borrower&rsquo;s Board of Directors or a duly authorized committee
thereof, (c) any dividends permitted under Section 6.3, and (d) Investments permitted under clauses (d), (f), (i) or (m) of Section 6.6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.8 Other Business</B>. Engage
in any material line of business other than the business Borrower conducts as of the Closing Date and any business substantially similar
or related or incidental thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.9 Financing Statements and
Other Actions.</B> Fail to execute and deliver to Agent all financing statements, notices and other documents (including, without limitation,
any filings with the United States Patent and Trademark Office and the United States Copyright Office) from time to time reasonably requested
by Agent to maintain a perfected first priority security interest in the Collateral in favor of Agent, subject to Permitted Liens; perform
such other acts, and execute and deliver to Agent such additional conveyances, assignments, agreements and instruments, as Agent may at
any time reasonably request in connection with the administration and enforcement of this Agreement or Agent&rsquo;s rights, powers and
remedies hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.10 Compliance. </B>Become
required to be registered as an &ldquo;investment company&rdquo; or controlled by an &ldquo;investment company,&rdquo; within the meaning
of the Investment Company Act of 1940, or become principally engaged in, or undertake as one of its important activities, the business
of extending credit for the purpose of purchasing or carrying margin stock, or use the proceeds of any Loan for such purpose. Fail to
meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur, fail
to comply in all material respects with the Federal Fair Labor Standards Act or violate any law or regulation, which violation could reasonably
be expected to have a Material Adverse Effect or a material adverse effect on the Collateral or the priority of Agent&rsquo;s Lien on
the Collateral, or permit any of its subsidiaries to do any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.11 Other Deposit and Securities
Accounts. </B>Maintain any Deposit Accounts or accounts holding securities owned by Borrower except (i) Deposit Accounts and investment/securities
accounts as set forth in the Supplement with respect to which an account control agreement has been executed and delivered to Agent, and
(ii) other Deposit Accounts and securities/investment accounts, in each case, with respect to which Borrower and Agent shall have taken
such action as Agent reasonably deems necessary to obtain a perfected first priority security interest therein, including without limitation
the execution and delivery of an account control agreement, subject to Permitted Liens. The provisions of the previous sentence shall
not apply to (a) Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the
benefit of Borrower&rsquo;s employees and identified to Lender as such and (b) Deposit Accounts subject to Liens permitted by clause (p)
of the definition of Permitted Liens so long as the balance in any such Deposit Account does not exceed the lesser of (x) the face amount
of the letter of credit secured by such Deposit Account or (y) $250,000 (collectively, the <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Excluded Accounts</U>&rdquo;</B>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.12
Prepayment of Indebtedness</B>. </FONT>Prepay, redeem or otherwise satisfy in any manner prior to the scheduled repayment thereof any
Indebtedness (other than the Loans and Indebtedness permitted by <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Section 6.1</U> hereof). Notwithstanding the foregoing, the parties
agree that the conversion or exchange into Borrower&rsquo;s equity securities of any Indebtedness (other than the Loans) and de minimis
cash payments made in lieu of the issuance of fractional shares upon such conversion or exchange shall not be prohibited by this Section
6.12.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.13
Repayment of Subordinated Debt</B>.</FONT> Repay, prepay, redeem or otherwise satisfy in any manner any Subordinated Debt, except in accordance
with the terms of any subordination agreement among Borrower, Agent and the holder(s) of such Subordinated Debt. Notwithstanding the foregoing,
each Lender agrees that the conversion or exchange into Borrower&rsquo;s equity securities of any Subordinated Debt and the payment of
cash in lieu of fractional shares shall not be prohibited by this Section 6.13.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.14 Subsidiaries</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Acquire or create
any Subsidiary, unless such Subsidiary becomes, at Lender&rsquo;s option, either a co-borrower hereunder or executes and delivers to Agent
one or more agreements, in form and substance reasonably satisfactory to Required Lenders, containing a guaranty of the Obligations that
is secured by first priority Liens on such Person&rsquo;s assets, subject to Permitted Liens. For clarity, the parties acknowledge and
agree that Required Lenders shall have the exclusive right to determine whether any such Person will be made a co-borrower hereunder or
a guarantor of the Obligations. Prior to the acquisition or creation of any such Subsidiary, Borrower shall notify Lenders thereof in
writing, which notice shall contain the jurisdiction of such Person&rsquo;s formation and include a description of such Person&rsquo;s
fully diluted capitalization and Borrower&rsquo;s purpose for its acquisition or creation of such Subsidiary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Sell, transfer, encumber
or otherwise dispose of Borrower&rsquo;s ownership interest in any Subsidiary other than Permitted Liens.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Cause or permit a
Subsidiary to do any of the following: (i) grant Liens on such Subsidiary&rsquo;s assets, except for Liens that would constitute Permitted
Liens if incurred by Borrower and Liens on any property held or acquired by such Subsidiary in the ordinary course of its business securing
Indebtedness incurred or assumed for the purpose of financing all or any part of the cost of acquiring such property; <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>,
that such Lien attaches solely to the property acquired with such Indebtedness and that the principal amount of such Indebtedness does
not exceed one hundred percent (100%) of the cost of such property; and (ii) issue any additional Shares, except to Borrower or a wholly
owned Subsidiary of Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.15 Leases</B>. Create, incur,
assume, or suffer to exist any obligation as lessee for the rental or hire of any personal property (&ldquo;<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal Property Leases</B>&rdquo;),
except for Personal Property Leases of Equipment in the ordinary course of business that do not in the aggregate require Borrower to make
payments (including taxes, insurance, maintenance and similar expenses which Borrower is required to pay under the terms of any such lease)
in any calendar year in excess of $100,000 in aggregate amount. For the avoidance of doubt, this Section 6.15 will not be applicable to
Indebtedness otherwise permitted under Section 6.1(f) of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.16 Anti-Corruption Laws.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Take any action that
would cause a violation of any anti-corruption law, including but not limited to, the Foreign Corrupt Practices Act, the United Kingdom
Bribery Act, and all other applicable anti-corruption laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Directly or indirectly,
offer, pay, give, promise or authorize the payment of any money, gift, or anything of value to any person acting in an official capacity
for any government department, agency, or instrumentality, including state-owned or controlled companies or entities, and public international
organizations, as well as a political party or official thereof or candidates for political office, except in compliance with applicable
law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 7 - EVENTS OF DEFAULT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1 Events of Default; Acceleration</B>.
Upon the occurrence and during the continuation of any Event of Default, the obligation of each Lender to make any additional Loan shall
be suspended. The occurrence and continuation of any of the following (each, an <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Event of Default</U>&rdquo;</B>) shall at
the option of Agent, at the direction of the Required Lenders (1) make all sums of Basic Interest and principal, as well as any other
Obligations and amounts owing under any Loan Documents, immediately due and payable without notice of default, presentment or demand for
payment, protest or notice of nonpayment or dishonor or any other notices or demands, and (2) give Agent the right to exercise any other
right or remedy provided by contract or applicable law:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Borrower shall (i)
fail to pay when due any principal or interest under this Agreement or any Note, or (ii) fail to pay any fees or other charges when due
under any Loan Document (other than any Warrant), and such failure continues for three (3) Business Days or more after the same first
becomes due; or an Event of Default as defined in any other Loan Document shall have occurred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Any representation
or warranty made, or financial statement, certificate or other document provided, by Borrower under any Loan Document shall prove to have
been false or misleading in any material respect when made or deemed made herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>If there occurs any
circumstance or circumstances that could reasonably be expected to have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>(i) Borrower shall
fail to pay its debts generally as they become due; or (ii) Borrower shall commence any Insolvency Proceeding with respect to itself,
an involuntary Insolvency Proceeding shall be filed against Borrower, or a custodian, receiver, trustee, assignee for the benefit of creditors,
or other similar official, shall be appointed to take possession, custody or control of the properties of Borrower, and such involuntary
Insolvency Proceeding, petition or appointment is acquiesced to by Borrower or is not dismissed within forty five (45) days; or (iii)
the dissolution, winding up, or termination of the business or cessation of operations of Borrower (including any transaction or series
of related transactions deemed to be a liquidation, dissolution or winding up of Borrower pursuant to the provisions of Borrower&rsquo;s
charter documents); or (iv) Borrower shall take any corporate action for the purpose of effecting, approving, or consenting to any of
the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>Borrower shall be
in default beyond any applicable period of grace or cure under any other agreement involving the borrowing of money, the purchase of property
on credit, the advance of credit or any other monetary liability of any kind to Lenders or to any Person that permits such Person to accelerate
the payment of such obligations, whether or not exercised, in an amount in excess of the Threshold Amount.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>Any governmental or
regulatory authority shall take any judicial or administrative action, or any defined benefit pension plan maintained by Borrower shall
have any unfunded liabilities, any of which, in the reasonable judgment of Required Lenders, could reasonably be expected to have a Material
Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) </B>Except as otherwise
permitted pursuant to Section 6.4, any sale, transfer or other disposition of all or a substantial or material part of the assets of Borrower,
including without limitation to any trust or similar entity, shall occur.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) </B>Any judgment(s) singly
or in the aggregate in excess of the Threshold Amount (not covered by independent third-party insurance as to which liability has been
accepted by such insurance carrier) shall be entered against Borrower which remain unsatisfied, unvacated or unstayed pending appeal for
ten (10) or more days after entry thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i) </B>Borrower shall fail
to perform or observe any covenant contained in Article 6 of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j) </B>Borrower shall fail
to perform or observe any covenant contained in Article 5 or elsewhere in this Agreement or any other Loan Document (other than a covenant
which is dealt with specifically elsewhere in this Article 7) and, if capable of being cured, the breach of such covenant is not cured
within 10 days after the sooner to occur of Borrower&rsquo;s receipt of notice of such breach from Agent or any Lender or the date on
which such breach first becomes known to any officer of Borrower (the &ldquo;<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notice Date</B>&rdquo;); <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>, <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">however</U>
that if such breach is not capable of being cured within such 10-day period and Borrower timely notifies Lenders of such fact and Borrower
diligently pursues such cure, then the cure period shall be extended to the date requested in Borrower&rsquo;s notice but in no event
more than 30 days from the Notice Date; <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>, <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">further</U>, that such 30-day opportunity to cure shall not apply in the case
of any failure to perform or observe any covenant which has been the subject of a prior failure within the preceding 180 days or which
is a willful and knowing breach by Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2 Remedies upon Default.</B>
Upon the occurrence and during the continuance of an Event of Default, Agent shall be entitled to, at its option, exercise any or all
of the rights and remedies available to a secured party under the UCC or any other applicable law, and exercise any or all of its rights
and remedies provided for in this Agreement and in any other Loan Document. The obligations of Borrower under this Agreement shall continue
to be effective or be reinstated, as the case may be, if at any time any payment of any Obligations is rescinded or must otherwise be
returned by any Lender or Agent upon, on account of, or in connection with, the insolvency, bankruptcy or reorganization of Borrower or
otherwise, all as though such payment had not been made.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3 Sale of Collateral.</B>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon the occurrence and during the continuance of an Event of Default, Agent may, at the direction
of Required Lenders, sell all or any part of the Collateral, at public or private sales, to Lenders or a designee of Lenders, a wholesaler,
retailer or investor, for cash, upon credit or for future delivery, and at such price or prices as Required Lenders may</FONT> deem commercially
reasonable. To the extent permitted by law, Borrower hereby specifically waives all rights of redemption and any rights of stay or appraisal
which it has or may have under any applicable law in effect from time to time. Any such public or private sales shall be held at such
times and at such place(s) as <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Required Lenders may determine. In case of the sale of all or any part
of the Collateral on credit or for future delivery, the Collateral so sold may be retained by Agent until the selling price is paid by
the purchaser, but neither Agent nor any Lender shall incur any liability in case of the failure of such purchaser to pay for the Collateral
and, in case of any such failure, such Collateral may be resold. Agent may, at the direction of Required Lenders, instead of exercising
its power of sale, proceed to enforce its security interest in the Collateral by seeking a judgment or decree of a court of competent
jurisdiction. Without limiting the generality of the foregoing, if an Event of Default is in existence, in each case, at the direction
of Required Lenders:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">(1) Subject to the rights of
any third parties, Agent may license, or sublicense, whether general, special or otherwise, and whether on an exclusive or non-exclusive
basis, any Copyrights, Patents or Trademarks included in the Collateral throughout the world for such term or terms, on such conditions
and in such manner as Required Lenders shall in their sole discretion determine;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">(2) Agent may (without assuming
any obligations or liability thereunder), at any time and from time to time, enforce (and shall have the exclusive right to enforce) against
any licensee or sublicensee all rights and remedies of Borrower in, to and under any Copyright Licenses, Patent Licenses or Trademark
Licenses and take or refrain from taking any action under any thereof, and Borrower hereby releases Agent and each Lender from, and agrees
to hold Agent and each Lender free and harmless from and against any claims arising out of, any lawful action so taken or omitted to be
taken with respect thereto other than, with respect to Agent or any Lender, claims arising out of the gross negligence or willful misconduct
of Agent or such Lender, respectively;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">(3) Within one (1) Business Day
after request by Agent, Borrower will execute and deliver to Agent a power of attorney, in form and substance reasonably satisfactory
to Agent, for the implementation of any lease, assignment, license, sublicense, grant of option, sale or other disposition of a Copyright,
Patent or Trademark. In the event of any such disposition pursuant to this <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">clause 3</U>, Borrower shall supply its know-how and expertise
relating to the products or services made or rendered in connection with Patents, the manufacture and sale of the products bearing Trademarks,
and its customer lists and other records relating to such Copyrights, Patents or Trademarks and to the distribution of said products,
to Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">(4) If, at any time when Required
Lenders shall determine to exercise its right to sell the whole or any part of the Shares hereunder, such Shares or the part thereof to
be sold shall not, for any reason whatsoever, be effectively registered under the Securities Act (or any similar statute), then Agent
may, at the direction of Required Lenders in their sole discretion (subject only to applicable requirements of law), sell such Shares
or part thereof by private sale in such manner and under such circumstances as Required Lenders may deem necessary or advisable, but subject
to the other requirements of this <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 7</U>, and shall not be required to effect such registration or to cause the same to be effected.
Without limiting the generality of the foregoing, in any such event, Agent may, at the direction of Required Lenders in their discretion,
(i) in accordance with applicable securities laws proceed to make such private sale notwithstanding that a registration statement for
the purpose of registering such Shares or part thereof could be or shall have been filed under the Securities Act (or similar statute),
(ii) approach and negotiate with a single possible purchaser to effect such sale, and (iii) restrict such sale to a purchaser who is an
accredited investor under the Securities Act and who will represent and agree that such purchaser is purchasing for its own account, for
investment and not with a view to the distribution or sale of such Shares or any part thereof. In addition to a private sale as provided
above in this <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 7</U>, if any of the Shares shall not be freely distributable to the public without registration under the Securities
Act (or similar statute) at the time of any proposed sale pursuant to this <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Article 7</U>, then Agent shall not be required to effect
such registration or cause the same to be effected but, in its discretion (subject only to applicable requirements of law), may require
that any sale hereunder (including a sale at auction) be conducted subject to restrictions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">(A) as to the financial
sophistication and ability of any Person permitted to bid or purchase at any such sale;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">(B) as to the content
of legends to be placed upon any certificates representing the Shares sold in such sale, including restrictions on future transfer thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">(C) as to the representations
required to be made by each Person bidding or purchasing at such sale relating to such Person&rsquo;s access to financial information
about Borrower or any of its Subsidiaries and such Person&rsquo;s intentions as to the holding of the Shares so sold for investment for
its own account and not with a view to the distribution thereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">(D) as to such other matters
as Agent may, in its discretion, deem necessary or appropriate in order that such sale (notwithstanding any failure so to register) may
be effected in compliance with the Bankruptcy Code and other laws affecting the enforcement of creditors&rsquo; rights and the Securities
Act and all applicable state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(5)
</FONT>Borrower recognizes that Agent may be unable to effect a public sale of any or all the Shares and may be compelled to resort to
one or more private sales thereof in accordance with <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">clause (4)</U> above. Borrower also acknowledges that any such private sale may
result in prices and other terms less favorable to the seller than if such sale were a public sale and, notwithstanding such circumstances,
agrees that any such private sale shall not be deemed to have been made in a commercially unreasonable manner solely by virtue of such
sale being private. Agent shall be under no obligation to delay a sale of any of the Shares for the period of time necessary to permit
the applicable Subsidiary to register such securities for public sale under the Securities Act, or under applicable state securities laws,
even if Borrower and/or the Subsidiary would agree to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.4 Borrower&rsquo;s Obligations
upon Default.</B> Upon the request of Agent, at the direction of Required Lenders, after the occurrence and during the continuance of
an Event of Default, Borrower will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Assemble and make
available to Agent the Collateral at such place(s) as Agent shall reasonably designate, segregating all Collateral so that each item is
capable of identification; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Subject to the rights
of any lessor, permit Agent, by Agent&rsquo;s officers, employees, agents and representatives, to enter any premises where any Collateral
is located, to take possession of the Collateral, to complete the processing, manufacture or repair of any Collateral, and to remove the
Collateral, or to conduct any public or private sale of the Collateral, all without any liability of Agent or any Lender for rent or other
compensation for the use of Borrower&rsquo;s premises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 8 - SPECIAL COLLATERAL
PROVISIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1 Compromise and Collection.</B>
Borrower and Agent recognize that setoffs, counterclaims, defenses and other claims may be asserted by obligors with respect to certain
of the Rights to Payment; that certain of the Rights to Payment may be or become uncollectible in whole or in part; and that the expense
and probability of success of litigating a disputed Right to Payment may exceed the amount that reasonably may be expected to be recovered
with respect to such Right to Payment. Borrower hereby authorizes Agent, after and during the continuance of an Event of Default, to compromise
with the obligor, accept in full payment of any Right to Payment such amount as Agent shall negotiate with the obligor, or abandon any
Right to Payment, <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">in each case, as directed by Required Lenders</FONT>. Any such action by Agent
shall be considered commercially reasonable so long as Required Lenders have made the determination in good faith based on information
known to them at the time Agent takes any such action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.2 Performance of Borrower&rsquo;s
Obligations.</B> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Without having any obligation to do so, upon reasonable prior notice to Borrower,
Agent may, at the direction of Required Lenders, perform or pay any obligation which Borrower has agreed to perform or pay under this
Agreement (but has failed to timely perform or pay), including, without limitation, the payment or discharge of taxes or Liens levied
or placed on or threatened against the Collateral, provided that Lenders shall fund amounts necessary to make such payments ratably in
accordance with the principal amount of the Loans held by each Lender. In so performing or paying, Agent and Required Lenders shall determine
the action to be taken and the amount necessary to discharge such obligations.</FONT> Borrower shall reimburse Agent on demand for any
amounts paid by Agent or any Lender pursuant to this Section, whereupon, Agent shall promptly deliver to Lenders such payments, which
amounts shall constitute Obligations secured by the Collateral and shall bear interest from the date of demand at the Default Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.3 Power of Attorney.</B>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the purpose of protecting and preserving the Collateral and Agent&rsquo;s and Lenders&rsquo;
rights under this Agreement, Borrower hereby irrevocably appoints Agent, with full power of substitution, as its attorney-in-fact with
full power and authority, after the occurrence and during the continuance of an Event of Default, to do any act which Borrower is obligated
to do hereunder, as directed by Required Lenders; to exercise such rights with respect to the Collateral as Borrower might exercise, as
directed by Required Lenders; to use such Inventory, Equipment, Fixtures or other property as Borrower might use, as directed by Required
Lenders; to enter Borrower&rsquo;s premises; to give notice of Agent&rsquo;s security interest in, and to collect the Collateral, as directed
by Required Lenders; and before or after Default, to execute and file in Borrower&rsquo;s name any financing statements, amendments and
continuation statements, account control agreements or other Security Documents necessary or desirable to create, maintain, perfect or
continue the perfection of Agent&rsquo;s security interests in the Collateral. Borrower hereby ratifies all that Agent shall lawfully
do or cause to be done by virtue of this appointment</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.4 <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Authorization
for Agent to Take Certain Action.</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> The power of attorney created in Section 8.3 is a power
coupled with an interest and shall be irrevocable. The powers conferred on Agent hereunder and thereunder are solely to protect its interests
in the Collateral and shall not impose any duty upon Agent to exercise such powers. Agent shall be accountable only for amounts that it
actually receives as a result of the exercise of such powers and in no event shall Agent or any of its directors, officers, employees,
agents or representatives be responsible to Borrower for any act or failure to act, except for gross negligence or willful misconduct.
After the occurrence and during the continuance of an Event of Default, Agent may exercise this power of attorney without notice to or
assent of Borrower, in the name of Borrower, or in Agent&rsquo;s own name, from time to time in Agent&rsquo;s sole discretion and at Borrower&rsquo;s
expense. To further carry out the terms of this Agreement, after the occurrence and during the continuance of an Event of Default, Agent
may, at the direction of Required Lenders</FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>Execute any statements
or documents or take possession of, and endorse and collect and receive delivery or payment of, any checks, drafts, notes, acceptances
or other instruments and documents constituting Collateral, or constituting the payment of amounts due and to become due or any performance
to be rendered with respect to the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Sign and endorse any
invoices, freight or express bills, bills of lading, storage or warehouse receipts; drafts, certificates and statements under any commercial
or standby letter of credit relating to Collateral; assignments, verifications and notices in connection with Accounts; or any other documents
relating to the Collateral, including without limitation the Records.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Use or operate Collateral
or any other property of Borrower for the purpose of preserving or liquidating Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>File any claim or
take any other action or proceeding in any court of law or equity or as otherwise deemed appropriate by Agent for the purpose of collecting
any and all monies due or securing any performance to be rendered with respect to the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>Commence, prosecute
or defend any suits, actions or proceedings or as otherwise deemed appropriate by Agent for the purpose of protecting or collecting the
Collateral. In furtherance of this right, upon the occurrence and during the continuance of an Event of Default, Agent may apply for the
appointment of a receiver or similar official to operate Borrower&rsquo;s business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>Prepare, adjust, execute,
deliver and receive payment under insurance claims, and collect and receive payment of and endorse any instrument in payment of loss or
returned premiums or any other insurance refund or return, and apply such amounts at Agent&rsquo;s sole discretion, toward repayment of
the Obligations or replacement of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.5
</B></FONT><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Application of Proceeds.</B> Any Proceeds and other monies or property received by Agent pursuant to the terms of this Agreement
or any Loan Document may be applied as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">First, to Agent,
the aggregate amount of all documented costs, expenses, indemnities and other amounts required to be reimbursed to Agent, in its capacity
as such, until paid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Second, to Agent,
for the ratable benefit of Lenders (in accordance with the portion funded by each Lender), the aggregate amount of all Obligations arising
on account of payments made by Agent in accordance with Section 8.2, until repaid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Third, to Lenders,
ratably in accordance with principal amount of the Loans held by each Lender, an amount equal to the aggregate costs, expenses, indemnities
or other amounts then required to be reimbursed to such Lender, until paid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fourth, to Lenders,
ratably in accordance with aggregate amount of any fees, premiums or similar payments due to each Lender in respect of the Loans held
by such Lender, an amount equal to the aggregate fees, premiums or other similar such payments due to such Lender in respect of the Loans,
until paid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fifth, to Lenders,
ratably in accordance with accrued and unpaid interest in respect of the Loans and the other Obligations due to each Lender, an amount
equal to the aggregate accrued and unpaid interest on the Loans and other Obligations then due, until paid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sixth, to Lenders,
ratably in accordance outstanding principal due to each Lender in respect of the Loans, an amount equal to the aggregate principal outstanding
in respect of the Loans then due, until paid in full;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Seventh, to Agent
and each Lender, ratably in accordance with any other Obligations due to such Lender, an amount equal to all other Obligations due and
payable to Agent and each Lender, until paid in full; and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Last, the balance,
if any, to Borrower or as otherwise required by applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.6 Deficiency.</B> If the
Proceeds of any disposition of the Collateral are insufficient to cover all costs and expenses of such sale and the payment in full of
all the Obligations, plus all other sums required to be expended or distributed by Agent or any Lender, then Borrower shall be liable
for any such deficiency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.7 Agent Transfer.</B> Upon
the transfer of all or any part of the Obligations, Agent may transfer all or part of the Collateral and shall be fully discharged thereafter
from all liability and responsibility with respect to such Collateral so transferred, and the transferee shall be vested with all the
rights and powers of Agent hereunder with respect to such Collateral so transferred, but with respect to any Collateral not so transferred,
Agent shall retain all rights and powers hereby given.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.8 Agent&rsquo;s Duties.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agent
shall use reasonable care in the custody and preservation of any Collateral in its possession. Without limitation on other conduct which
may be considered the exercise of reasonable care, Agent shall be deemed to have exercised reasonable care in the custody and preservation
of such Collateral if such Collateral is accorded treatment substantially equal to that which Agent accords its own property, it being
understood that Agent shall not have any responsibility for ascertaining or taking action with respect to calls, conversions, exchanges,
maturities, declining value, tenders or other matters relative to any Collateral, regardless of whether Agent has or is deemed to have
knowledge of such matters; or taking any necessary steps to preserve any rights against any Person with respect to any Collateral. Under
no circumstances shall Agent be responsible for any injury or loss to the Collateral, or any part thereof, arising from any cause beyond
the reasonable control of Agent </FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Agent may at any time
deliver the Collateral or any part thereof to Borrower and the receipt of Borrower shall be a complete and full acquittance for the Collateral
so delivered, and Agent shall thereafter be discharged from any liability or responsibility therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>Neither Agent, nor
any of its directors, officers, employees, agents, attorneys or any other person affiliated with or representing Agent shall be liable
for any claims, demands, losses or damages, of any kind whatsoever, made, claimed, incurred or suffered by Borrower or any other party
through the ordinary negligence of Agent, or any of its directors, officers, employees, agents, attorneys or any other person affiliated
with or representing Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.9 Termination of Security
Interests and Loan Documents.</B> Upon the payment in full of the Obligations (other than inchoate indemnity obligations) and satisfaction
of all Borrower&rsquo;s obligations under this Agreement and the other Loan Documents (other than any Warrant), and if Lenders have no
further obligations to make Loans in connection with their Commitments, the security interest granted hereby shall terminate, all rights
to the Collateral shall revert to Borrower and this Agreement and the other Loan Documents shall terminate; provided that (i) those obligations,
liabilities, covenants and terms that are expressly specified herein and in any other Loan Document as surviving that respective agreement&rsquo;s
termination, including without limitation, Borrower&rsquo;s indemnity obligations set forth in this Agreement, shall continue to survive
notwithstanding anything to the contrary set forth herein, and (ii) nothing set forth herein shall affect or be deemed to affect those
obligations, liabilities, covenants and terms set forth in any warrant instrument issued to a Lender or set forth in any other equity
securities or convertible debt securities of Borrower acquired by Lenders in connection with this Agreement. Upon any such termination,
Agent shall return all Collateral in its possession or control to Borrower and, at Borrower&rsquo;s expense, execute and deliver to Borrower
such documents as Borrower shall reasonably request to evidence such termination. In connection therewith, Borrower agrees to provide
each Lender with such information as may be reasonably requested by such Lender as to whether the securities issuable upon the exercise
of any Warrant issued in connection with this Agreement constitute &ldquo;qualified small business stock&rdquo; for purposes of Section
1202(c) of the Internal Revenue Code.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 9 - GENERAL PROVISIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1 Notices</B>. Any notice
given by any party under any Loan Document shall be in writing and personally delivered, sent by overnight courier, or United States mail,
postage prepaid, or sent by electronic mail or facsimile, or other authenticated message, charges prepaid, to the other party&rsquo;s
or parties&rsquo; addresses shown on the Supplement. Each party may change the address or facsimile number to which notices, requests
and other communications are to be sent by giving written notice of such change to each other party. Notice given by hand delivery shall
be deemed received on the date delivered; if sent by overnight courier, on the next Business Day after delivery to the courier service;
if by first class mail, on the third (3<SUP STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">rd</SUP>) Business Day after deposit in the U.S. Mail; and if by electronic mail or facsimile,
on the date of transmission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.2 Binding Effect</B>. The
Loan Documents shall be binding upon and inure to the benefit of Borrower, Lenders, Agent and their respective successors and assigns;
provided, however, that Borrower may not assign or transfer Borrower&rsquo;s rights or obligations under any Loan Document except as specifically
permitted under Section 6.4 or in accordance with a Permitted Acquisition. Each Lender reserves the right to sell, assign, transfer, negotiate
or grant participations in all or any part of, or any interest in, such Lender&rsquo;s rights and obligations under the Loan Documents
provided that, so long as no Event of Default has occurred and is continuing, neither Lender shall assign any of such rights or obligations
to any competitor of Borrower. In connection with any of the foregoing, Lenders and Agent may disclose all documents and information which
Lenders and Agent now or hereafter may have relating to the Loans, Borrower, or its business, provided that any Person who receives such
information shall have agreed in writing in advance to maintain the confidentiality of such information on terms no less favorable to
Borrower than are set forth in Section 9.13 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.3 No Waiver</B>. Any waiver,
consent or approval by Lenders of any Event of Default or breach of any provision, condition, or covenant of any Loan Document must be
in writing and shall be effective only to the extent set forth in writing. No waiver of any breach or default shall be deemed a waiver
of any later breach or default of the same or any other provision of any Loan Document. No failure or delay on the part of Agent or any
Lender in exercising any power, right, or privilege under any Loan Document shall operate as a waiver thereof, and no single or partial
exercise of any such power, right, or privilege shall preclude any further exercise thereof or the exercise of any other power, right
or privilege. Lenders have the right at their sole option to continue to accept interest and/or principal payments due under the Loan
Documents after default, and such acceptance shall not constitute a waiver of said default or an extension of the maturity of any Loan
unless Lenders agree otherwise in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.4 Rights Cumulative</B>.
All rights and remedies existing under the Loan Documents are cumulative to, and not exclusive of, any other rights or remedies available
under contract or applicable law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.5 Unenforceable Provisions</B>.
Any provision of any Loan Document executed by Borrower which is prohibited or unenforceable in any jurisdiction, shall be so only as
to such jurisdiction and only to the extent of such prohibition or unenforceability, but all the remaining provisions of any such Loan
Document shall remain valid and enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.6 Accounting Terms</B>.
Except as otherwise provided in this Agreement, accounting terms and financial covenants and information shall be determined and prepared
in accordance with GAAP. Notwithstanding anything to the contrary contained in this Section 9.6 or in the definition of &ldquo;Capital
Lease Obligations,&rdquo; any change in accounting for leases pursuant to GAAP resulting from the adoption of Financial Accounting Standards
Board Accounting Standards Update No. 2016-02, Leases (Topic 842) (<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FAS 842</U>&rdquo;</B>), to the extent such adoption would
require treating any lease (or similar arrangement conveying the right to use) as a capital lease where such lease (or similar arrangement)
would not have been required to be so treated under GAAP as in effect on December 31, 2015, such lease shall not be considered a capital
lease, and all calculations and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable,
in accordance therewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.7 Indemnification; Exculpation</B>.
Borrower shall pay and protect, defend and indemnify each Lender, Agent and each Lender&rsquo;s and Agent&rsquo;s employees, officers,
directors, shareholders, affiliates, correspondents, agents and representatives (other than Lender, collectively <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indemnified
Parties</U>&rdquo;</B>) against, and hold each Lender, Agent and each of such Indemnified Parties harmless from, all claims, actions,
proceedings, liabilities, damages, losses, expenses (including, without limitation, reasonable attorneys&rsquo; fees and costs) and other
amounts incurred by each Lender, Agent and each of such Indemnified Parties, arising from (i) the matters contemplated by this Agreement
or any other Loan Documents, (ii) any dispute between Borrower and a third party, or (iii) any contention that Borrower has failed to
comply with any law, rule, regulation, order or directive applicable to Borrower&rsquo;s business; <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided, however</B>, that this
indemnification shall not apply to any of the foregoing to the extent incurred as the result of any Lender&rsquo;s, Agent&rsquo;s or any
of such Indemnified Parties&rsquo; gross negligence or willful misconduct. This indemnification shall survive the payment and satisfaction
of all of Borrower&rsquo;s Obligations to Lenders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.8 Reimbursement</B>. Borrower
shall reimburse each Lender and Agent for all costs and expenses, including without limitation reasonable attorneys&rsquo; fees and disbursements
expended or incurred by each Lender and Agent in any arbitration, mediation, judicial reference, legal action or otherwise in connection
with (a) the preparation and negotiation of the Loan Documents, (b) the amendment and enforcement of the Loan Documents, including without
limitation during any workout, attempted workout, and/or in connection with the rendering of legal advice as to each Lender&rsquo;s and
Agent&rsquo;s rights, remedies and obligations under the Loan Documents, (c) collecting any sum which becomes due to each Lender under
any Loan Document, (d) any proceeding for declaratory relief, any counterclaim to any proceeding, or any appeal, or (e) the protection,
preservation or enforcement of any rights of Lenders or Agent under the Loan Documents. For the purposes of this section, attorneys&rsquo;
fees shall include, without limitation, fees incurred in connection with the following: (1) contempt proceedings; (2) discovery; (3) any
motion, proceeding or other activity of any kind in connection with an Insolvency Proceeding; (4) garnishment, levy, and debtor and third
party examinations; and (5) post-judgment motions and proceedings of any kind, including without limitation any activity taken to collect
or enforce any judgment. All of the foregoing costs and expenses shall be payable upon demand by any Lender or Agent, and if not paid
within forty-five (45) days of presentation of invoices shall bear interest at the Default Rate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.9 Execution in Counterparts;
Electronic Signatures</B>. This Agreement and the other Loan Documents may be executed in any number of counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the same agreement. This Agreement and each of the other Loan
Documents may be executed by electronic signatures. Borrower, Lenders and Agent expressly agree to conduct the transactions contemplated
by this Agreement and the other Loan Documents by electronic means (including, without limitation, with respect to the execution, delivery,
storage and transfer of this Agreement and each of the other Loan Documents by electronic means and to the enforceability of electronic
Loan Documents). Delivery of an executed signature page to this Agreement and each of the other Loan Documents by facsimile or other electronic
mail transmission (including pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com)
shall be effective as delivery of a manually executed counterpart hereof and thereof, as applicable. The words &ldquo;execution,&rdquo;
&ldquo;signed,&rdquo; &ldquo;signature&rdquo; and words of like import herein shall be deemed to include electronic signatures or the
keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed
signature or the use of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law,
including, without limitation, any state law based on the Uniform Electronic Transactions Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.10 Entire Agreement</B>.
The Loan Documents are intended by the parties as the final expression of their agreement and therefore contain the entire agreement between
the parties and supersede all prior understandings or agreements concerning the subject matter hereof. This Agreement may be amended only
in a writing signed by Borrower, each Lender and Agent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.11 Governing Law and Jurisdiction</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>THIS AGREEMENT AND
THE LOAN DOCUMENTS SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>ANY LEGAL ACTION OR
PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF BORROWER, LENDERS AND AGENT CONSENTS,
FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH OF BORROWER, LENDERS AND AGENT IRREVOCABLY
WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW
OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED
HERETO. BORROWER, LENDERS AND AGENT EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER
MEANS PERMITTED BY NEW YORK LAW.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.12 Waiver of Jury Trial;
Judicial Reference</B>. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW, BORROWER, LENDERS AND AGENT EACH WAIVES ITS RESPECTIVE RIGHTS
TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS,
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES
AGAINST ANY OTHER PARTY OR ANY PARTICIPANT OR ASSIGNEE, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. BORROWER,
LENDERS AND AGENT EACH AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING
THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY
ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEMS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT
OR THE OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS
OR MODIFICATIONS TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS. This Section 9.12 shall survive the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.13 Confidentiality.</B>
Each Lender and Agent agrees to hold in confidence all confidential information that it receives from Borrower pursuant to the Loan Documents,
except for disclosure as shall be reasonably required: (a) to legal counsel and accountants for each Lender and Agent (to the extent that
such professional advisors are subject to the same obligations of confidentiality as set forth herein); (b) to other professional advisors
to <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each Lender and Agent </FONT>(to the extent that such professional advisors are subject to the
same obligations of confidentiality as set forth herein); (c) to regulatory officials having jurisdiction over <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
Lender and Agent</FONT> to the extent required by law; (d) to <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each Lender&rsquo;s and Agent</FONT>&rsquo;s
investors and prospective investors (to the extent that such investors or prospective investors are subject to the same confidentiality
obligation set forth herein), and in <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each Lender&rsquo;s and Agent</FONT>&rsquo;s SEC filings as
required by law; (e) as required by law or legal process or in connection with any legal proceeding to which Lenders, Agent and Borrower
are adverse parties; (f) in connection with a disposition or proposed disposition of any or all of <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each
Lender&rsquo;s </FONT>rights hereunder to any assignee or participant (to the extent that any transferee or proposed transferee is subject
to the same confidentiality obligation set forth herein); (g) to <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each Lender&rsquo;s and Agent&rsquo;s</FONT>
subsidiaries or Affiliates in connection with their business with Borrower (subject to the same confidentiality obligation set forth herein);
(h) as required by valid order of a court of competent jurisdiction, administrative agency or governmental body, or by any applicable
law, rule, regulation, subpoena, or any other administrative or legal process, or by applicable regulatory or professional standards,
including in connection with any judicial or other proceeding involving any Lender or Agent relating to this Agreement and the transactions
contemplated hereby; and (i) as required in connection with <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">each Lender&rsquo;s and Agent&rsquo;s</FONT>
examination or audit. For purposes of this section, each Lender, Agent and Borrower agree that &ldquo;confidential information&rdquo;
shall mean any information regarding or relating to Borrower other than: (i) information which is or becomes generally available to the
public other than as result of a disclosure by such Lender or Agent in violation of this section, (ii) information which becomes available
to any Lender or Agent from any other source (other than Borrower) which such Lender or Agent does not know is bound by a confidentiality
agreement with respect to the information made available, and (iii) information that such Lender or Agent knows on a non-confidential
basis prior to Borrower disclosing it to such Lender or Agent. In addition, Borrower agrees that each Lender and Agent may upon prior
written notice use Borrower&rsquo;s name, logo and/or trademark in connection with certain promotional materials that each Lender and
Agent may disseminate to the public, including, but are not limited to, brochures, internet website, press releases and any other materials
relating to the fact that each Lender and Agent has a financing relationship with Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 10 - AGENCY</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1
Appointment</B>. Each Lender hereby irrevocably appoints Avenue Venture Opportunities Fund, L.P. to act on its behalf as the administrative
agent hereunder and under the other Loan Documents and authorizes the Agent to take such actions on its behalf and to exercise such powers
as are delegated to the Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2
Indemnity.</B> Each Lender agrees to indemnify the Agent in its capacity as such (to the extent not reimbursed by Borrower and without
limiting the obligation of Borrower to do so), according to its respective Commitment percentage in effect on the date on which indemnification
is sought under this Section 10.2, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind whatsoever that may at any time be imposed on, incurred by or asserted against the
Agent in any way relating to or arising out of, this Agreement, a Supplement, any of the other Loan Documents or any documents contemplated
by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Agent under
or in connection with any of the foregoing. The agreements in this Section shall survive the payment of each Loan and all other amounts
payable hereunder. Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of any Lender
or as Agent shall believe in good faith shall be necessary, under the circumstances or (ii) in the absence of its own gross negligence
or willful misconduct.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3 Agent
in Its Individual Capacity. </B>The Person serving as the Agent hereunder shall have the same rights and powers in its capacity as a Lender
as any other Lender and may exercise the same as though it were not the Agent and the term &ldquo;Lender&rdquo; shall, unless otherwise
expressly indicated or unless the context otherwise requires, include each such Person serving as Agent hereunder in its individual capacity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.4 Exculpatory
Provisions. </B>The Agent shall have no duties or obligations except those expressly set forth herein and in the other Loan Documents.
Without limiting the generality of the foregoing, the Agent shall not:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(a)</B></FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">be subject to any fiduciary or other implied duties, regardless
of whether any default or any Event of Default has occurred and is continuing;</FONT></TD></TR>

<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify">&nbsp;</TD>
  <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(b)</B></FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that Agent
is required to exercise as directed in writing by Required Lenders, provided that the Agent shall not be required to take any action
that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary to any Loan Document or applicable
law; and</FONT></TD></TR>

<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify">&nbsp;</TD>
  <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(c)</B></FONT></TD>
  <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, and the Agent shall not be liable for the failure to disclose, any information relating to Borrower
or any of its Affiliates that is communicated to or obtained by any Person serving as Agent or any of its Affiliates in any capacity.</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.5 Duties</B>.
Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in
or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered
hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability,
effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Section 4 or elsewhere herein, other than to confirm receipt of items expressly required to be delivered
to the Agent.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.6 Reliance
by Agent</B>. Agent may rely, and shall be fully protected in acting, or refraining to act, upon, any resolution, statement, certificate,
instrument, opinion, report, notice, request, consent, order, bond or other paper or document that it has no reason to believe to be other
than genuine and to have been signed or presented by the proper party or parties or, in the case of cables, telecopies and telexes, to
have been sent by the proper party or parties. In the absence of its gross negligence or willful misconduct, Agent may conclusively rely,
as to the truth of the statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to
Agent and conforming to the requirements of the Loan Agreement or any of the other Loan Documents. Agent may consult with counsel, and
any opinion or legal advice of such counsel shall be full and complete authorization and protection in respect of any action taken, not
taken or suffered by Agent hereunder or under any Loan Documents in accordance therewith. Agent shall have the right at any time to seek
instructions concerning the administration of the Collateral from any court of competent jurisdiction. Agent shall not be under any obligation
to exercise any of the rights or powers granted to Agent by this Agreement and the other Loan Documents at the request or direction of
Lenders unless Agent shall have been provided by Lenders with adequate security and indemnity against the costs, expenses and liabilities
that may be incurred by it in compliance with such request or direction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.7
Collateral Agent</B>. The Agent shall also act as the &ldquo;collateral agent&rdquo; under the Loan Documents, and each of the Lenders
hereby irrevocably appoints and authorizes the Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing
any and all Liens on Collateral granted by Borrower to secure any of the Obligations. Each Lender hereby authorizes Agent, on behalf of
and for the ratable benefit of Lenders, in its capacity as collateral agent, to enter into any of the Loan Documents as secured party
for purposes of acquiring, holding and enforcing all Liens on Collateral (and any other collateral from time to time securing the Obligations),
and as Agent for and representative of Lender thereunder, and each Lender agrees to be bound by the terms of each such document. All powers,
rights and remedies under the Loan Documents may be exercised solely by Agent for the benefit of Lenders and Agent in accordance with
the terms thereof. In the event of a foreclosure on any of the Collateral pursuant to a public or private sale, either Agent or any Lender
may be the purchaser of any or all of such Collateral at any such sale and Agent, as agent for and representative of Lenders (but not
any Lender or Lenders in its or their respective individual capacities unless Required Lenders shall otherwise agree in writing) shall
be entitled (subject to the proviso at the end of this sentence), for the purpose of bidding and making settlement or payment of the purchase
price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account
of the purchase price for any Collateral payable by Agent at such sale; provided however, that neither Agent nor any Lender shall &ldquo;credit
bid&rdquo; at any foreclosure and/or other public or private sale absent the consent of the Required Lenders. Without limiting the generality
of the foregoing, Agent is hereby expressly authorized to execute any and all documents (including releases) that bind Lenders with respect
to (i) the Collateral and the rights of Lenders with respect thereto, as contemplated by and in accordance with the provisions of the
Loan Documents, and (ii) any other subordination agreement with respect to any Subordinated Debt.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.8
Successor Agents</B>. Agent may resign upon thirty (30) days&rsquo; written notice to Lenders and Borrower. If Agent shall resign in its
capacity under this Agreement and the other Loan Documents, then the Required Lenders shall appoint a successor agent, whereupon such
successor agent shall succeed to the rights, powers and duties of Agent in its capacity, and the term &ldquo;Agent&rdquo; shall mean such
successor agent effective upon such appointment and approval, and the former Agent&rsquo;s rights, powers and duties as Agent in its capacity
shall be terminated, without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement
or any Lender. If no applicable successor agent has accepted appointment as such Agent in its capacity by the date that is twenty (20)
days following such retiring Agent&rsquo;s notice of resignation, such retiring Agent&rsquo;s resignation shall nevertheless thereupon
become effective and Lenders shall assume and perform all of the duties of such Agent hereunder until such time, if any, as the Required
Lenders appoint a successor agent as provided for above. After any retiring Agent&rsquo;s resignation as Agent, the provisions of this
Section 10 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was an Agent under this Agreement
and the other Loan Documents.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">ARTICLE 11 - - DEFINITIONS</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">The definitions appearing in this
Agreement or any Supplement shall be applicable to both the singular and plural forms of the defined terms:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Account</U>&rdquo;</B></FONT>
means any &ldquo;account,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower
now holds or hereafter acquires any interest and, in any event, shall include, without limitation, all accounts receivable, book debts
and other forms of obligations (other than forms of obligations evidenced by Chattel Paper, Documents or Instruments) now owned or hereafter
received or acquired by or belonging or owing to Borrower (including, without limitation, under any trade name, style or division thereof)
whether arising out of goods sold or services rendered by Borrower or from any other transaction, whether or not the same involves the
sale of goods or services by Borrower (including, without limitation, any such obligation that may be characterized as an account or contract
right under the UCC) and all of Borrower&rsquo;s rights in, to and under all purchase orders or receipts now owned or hereafter acquired
by it for goods or services, and all of Borrower&rsquo;s rights to any goods represented by any of the foregoing (including, without limitation,
unpaid seller&rsquo;s rights of rescission, replevin, reclamation and stoppage in transit and rights to returned, reclaimed or repossessed
goods), and all monies due or to become due to Borrower under all purchase orders and contracts for the sale of goods or the performance
of services or both by Borrower or in connection with any other transaction (whether or not yet earned by performance on the part of Borrower),
now in existence or hereafter occurring, including, without limitation, the right to receive the proceeds of said purchase orders and
contracts, and all collateral security and guarantees of any kind given by any Person with respect to any of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Affiliate</U>&rdquo;</B>
means any Person which directly or indirectly controls, is controlled by, or is under common control with Borrower. &ldquo;Control,&rdquo;
&ldquo;controlled by&rdquo; and &ldquo;under common control with&rdquo; mean direct or indirect possession of the power to direct or cause
the direction of management or policies (whether through ownership of voting securities, by contract or otherwise); provided, that control
shall be conclusively presumed when any Person or affiliated group directly or indirectly owns five percent (5%) or more of the securities
having ordinary voting power for the election of directors of a corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement</U>&rdquo;</B>
means this Loan and Security Agreement and each Supplement thereto, as each may be amended or supplemented from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bankruptcy
Code</U>&rdquo;</B> means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. &sect;101, <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">et seq</U>.), as amended.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Basic
Interest</U>&rdquo;</B> means the rate of interest payable on the outstanding balance of each Loan at the applicable Designated Rate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowing
Date</U>&rdquo;</B> means the Business Day on which the proceeds of a Loan are disbursed by any Lender.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Borrowing
Request</U>&rdquo;</B> means a written request from Borrower in substantially the form of <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit &ldquo;B&rdquo;</U> to the Supplement,
requesting the funding of one or more Loans on a particular Borrowing Date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Business
Day</U>&rdquo;</B> means any day other than a Saturday, Sunday or other day on which commercial banks in New York City or San Francisco
are authorized or required by law to close.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Capital
Lease Obligations</U>&rdquo;</B> of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or
other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be
classified and accounted for as capital leases or financing leases on a balance sheet of such Person under GAAP, and the amount of such
obligations shall be the capitalized amount thereof determined in accordance with GAAP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Change of Control</U>&rdquo;</B> means:
(a) any sale, license, or other disposition of all or substantially all of the assets of Borrower except as permitted by this Agreement;
or (b) any reorganization, consolidation, merger, combination involving Borrower except as permitted by this Agreement; or (c) any transaction
or series of related transactions in which any Person or two or more Persons acting in concert shall have acquired by contract or otherwise,
the power to control the management of Borrower, or to control the equity interests of Borrower entitled to vote for members of the Board
of Directors or equivalent governing body of Borrower on a fully-diluted basis (and taking into account all such securities that such
Person or Persons have the right to acquire pursuant to any option right) representing 50% or more of the combined voting power of such
securities (other than in connection with a sale to recognized investors in a transaction or series of transactions effected by Borrower
for financing purposes, so long as Borrower identifies to Lenders the investors prior to the closing of the transaction and provides Lenders
with a description of the material terms of such transaction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chattel Paper</U>&rdquo;</B> means any
&ldquo;chattel paper,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now
holds or hereafter acquires any interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Closing
Date</U>&rdquo;</B> means the date of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Collateral</U>&rdquo;</B></FONT>
means all of Borrower&rsquo;s right, title and interest in and to the following property, whether now owned or hereafter acquired and
wherever located: (a) all Receivables; (b) all Equipment; (c) all Fixtures; (d) all General Intangibles (including all Intellectual Property);
(e) all Inventory; (f) all Investment Property; (g) all Deposit Accounts; (h) all Shares; (i) all other Goods and personal property of
Borrower, whether tangible or intangible and whether now or hereafter owned or existing, leased, consigned by or to, or acquired by, Borrower
and wherever located; (j) all Records; and (k) all Proceeds of each of the foregoing and all accessions to, substitutions and replacements
for, and rents, profits and products of each of the foregoing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Notwithstanding the foregoing the term &ldquo;Collateral&rdquo;
shall not include: (i) more than sixty-five percent (65%) of the issued and outstanding capital stock, membership units or other securities
entitled to vote owned or held of record by Borrower in any Subsidiary that is a controlled foreign corporation (as defined in the Internal
Revenue Code), provided that the Collateral shall include one hundred percent (100%) of the issued and outstanding non-voting capital
stock of such Subsidiary; (ii) &ldquo;intent-to-use&rdquo; trademarks at all times prior to the first use thereof, whether by the actual
use thereof in commerce, the recording of a statement of use with the United States Patent and Trademark Office or otherwise, but only
to the extent the granting of a security interest in such &ldquo;intent to use&rdquo; trademarks would be contrary to applicable law;
(iii) any equipment not financed by Lenders to the extent the granting of a security interest therein is prohibited by or would constitute
a default under any agreement or document governing such property (but only to the extent such prohibition is enforceable under applicable
law); provided that upon the termination or lapsing of any such prohibition, such property shall automatically be part of the Collateral;
and provided further that the provisions of this clause shall in no case exclude from the definition of &ldquo;Collateral&rdquo; any Accounts,
proceeds of the disposition of any property, or general intangibles consisting of rights to payment, all of which shall at all times constitute
&ldquo;Collateral&rdquo;; (iv) any contract, Instrument or Chattel Paper in which Borrower has any right, title or interest if and to
the extent such contract, Instrument or Chattel Paper includes a provision containing a restriction on assignment such that the creation
of a security interest in the right, title or interest of Borrower therein would be prohibited and would, in and of itself, cause or result
in a default thereunder enabling another person party to such contract, Instrument or Chattel Paper to enforce any remedy with respect
thereto; or (v) the Excluded Accounts; <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided, however</U>, that the foregoing exclusions in clauses (iii) and (iv) shall not apply
if (A) such prohibition has been waived or such other person has otherwise consented to the creation hereunder of a security interest
in such contract, Instrument or Chattel Paper, or (B) such prohibition would be rendered ineffective pursuant to Sections 9-407(a) or
9-408(a) of the UCC, as applicable and as then in effect in any relevant jurisdiction, or any other applicable law (including the Bankruptcy
Code or principles of equity); <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided, further</U>, that immediately upon the ineffectiveness, lapse or termination of any such provision,
the term &ldquo;Collateral&rdquo; shall include, and Borrower shall be deemed to have granted a security interest in, all its rights,
title and interests in and to such contract, Instrument or Chattel Paper as if such provision had never been in effect; and provided further
that the foregoing exclusion shall in no way be construed so as to limit, impair or otherwise affect Agent&rsquo;s unconditional continuing
security interest in and to all rights, title and interests of Borrower in or to any payment obligations or other rights to receive monies
due or to become due under any such contract, Instrument or Chattel Paper and in any such monies and other proceeds of such contract,
Instrument or Chattel Paper.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Commitment</U>&rdquo;</B>
means the obligation of each Lender to make Loans to Borrower up to the aggregate principal amount set forth in the Supplement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Copyright
License</U>&rdquo; </B>means any written agreement granting any right to use any Copyright or Copyright registration now owned or hereafter
acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Copyrights</U>&rdquo;</B>
means all of the following now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest:
(i) all copyrights, whether registered or unregistered, held pursuant to the laws of the United States, any State thereof or of any other
country; (ii) all registrations, applications and recordings in the United States Copyright Office or in any similar office or agency
of the United States, any State thereof or any other country; (iii) all continuations, renewals or extensions thereof; and (iv) any registrations
to be issued under any pending applications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Credit
Card Limit</U>&rdquo;</B> means $150,000; provided that, upon Borrower&rsquo;s achievement of the Tranche 2 Milestone (as defined in the
Supplement), the Credit Card Limit shall automatically increase to $350,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Default</U>&rdquo;</B>
means an event which with the giving of notice, passage of time, or both would constitute an Event of Default.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Default
Rate</U>&rdquo;</B> means the applicable Designated Rate plus five percent (5%) per annum.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Deposit
Accounts</U>&rdquo;</B></FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means any &ldquo;deposit accounts,&rdquo; as such term is defined
in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Designated
Rate</U>&rdquo;</B> means the rate of interest per annum described in the Supplement as being applicable to an outstanding Loan from time
to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Documents</U>&rdquo;</B> means any &ldquo;documents,&rdquo;
as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any
interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Dollars</U>&rdquo;</B>
or <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</U>&rdquo;</B> means lawful currency of the United States.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 28 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Environmental
Laws</U>&rdquo;</B> means all federal, state or local laws, statutes, common law duties, rules, regulations, ordinances and codes, together
with all administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any governmental
authorities, in each case relating to environmental, health, or safety matters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Equipment</U>&rdquo;</B></FONT>
means any &ldquo;equipment,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower
now holds or hereafter acquires any interest and any and all additions, substitutions and replacements of any of the foregoing, wherever
located, together with all attachments, components, parts, equipment and accessories installed thereon or affixed thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Event
of Default</U>&rdquo;</B> means any event described in Section 7.1.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Excluded
Account</U>&rdquo;</B> has the meaning assigned to such term in Section 6.11.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fixtures</U>&rdquo;</B></FONT>
means any &ldquo;fixtures,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower
now holds or hereafter acquires any interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Funding
Date</U></B>&rdquo; means the date on which all Conditions Precedent in Section 4.1 have been satisfied.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GAAP</U>&rdquo;</B>
means generally accepted accounting principles and practices consistent with those principles and practices promulgated or adopted by
the Financial Accounting Standards Board and the Board of the American Institute of Certified Public Accountants, their respective predecessors
and successors. Subject to Section 9.6, each accounting term used but not otherwise expressly defined herein shall have the meaning given
it by GAAP.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">General
Intangibles</U>&rdquo;</B></FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means any &ldquo;general intangibles,&rdquo; as such term is defined
in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest and, in any
event, shall include, without limitation, all right, title and interest that Borrower may now or hereafter have in or under any contract,
all customer lists, Copyrights, Trademarks, Patents, websites, domain names, and all applications therefor and reissues, extensions, or
renewals thereof, other items of, and rights to, Intellectual Property, interests in partnerships, joint ventures and other business associations,
Licenses, permits, trade secrets, proprietary or confidential information, inventions (whether or not patented or patentable), technical
information, procedures, designs, knowledge, know-how, software, data bases, data, skill, expertise, recipes, experience, processes, models,
drawings, materials and records, goodwill (including, without limitation, the goodwill associated with any Trademark, Trademark registration
or Trademark licensed under any Trademark License), claims in or under insurance policies, including unearned premiums, uncertificated
securities, money, cash or cash equivalents, deposit, checking and other bank accounts, rights to sue for past, present and future infringement
of Copyrights, Trademarks and Patents, rights to receive tax refunds and other payments and rights of indemnification.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Goods</U>&rdquo;</B></FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means any &ldquo;goods,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired
by Borrower or in which Borrower now holds or hereafter acquires any interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indebtedness</U>&rdquo;</B>
of any Person means at any date, without duplication and without regard to whether matured or unmatured, absolute or contingent: (i) all
obligations of such Person for borrowed money; (ii) all obligations of such Person evidenced by bonds, debentures, notes, or other similar
instruments; (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable
arising in the ordinary course of business; (iv) all Capital Lease Obligations; (v) all obligations of such Person to reimburse or prepay
any bank or other Person in respect of amounts paid under a letter of credit, banker&rsquo;s acceptance, or similar instrument, whether
drawn or undrawn; (vi) all obligations of such Person to purchase securities which arise out of or in connection with the sale of the
same or substantially similar securities; (vii) all obligations of such Person to purchase, redeem, exchange, convert or otherwise acquire
for value any capital stock of such Person or any warrants, rights or options to acquire such capital stock, now or hereafter outstanding,
except to the extent that such obligations remain performable solely at the option of such Person; (viii) all obligations to repurchase
assets previously sold (including any obligation to repurchase any accounts or chattel paper under any factoring, receivables purchase,
or similar arrangement); (ix) obligations of such Person under interest rate swap, cap, collar or similar hedging arrangements; and (x)
all obligations of others of any type described in clause (i) through clause (ix) above guaranteed by such Person.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 29 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Insolvency
Proceeding</U>&rdquo; </B>means with respect to a Person (a) any case, action or proceeding before any court or other governmental authority
relating to bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding-up or relief of debtors with respect
to such Person, or (b) any general assignment for the benefit of creditors, composition, marshalling of assets for creditors, or other,
similar arrangement in respect of such Person&rsquo;s creditors generally or any substantial portion of its creditors, undertaken under
U.S. Federal, state or foreign law, including the Bankruptcy Code, but in each case, excluding any avoidance or similar action against
such Person commenced by an assignee for the benefit of creditors, bankruptcy trustee, debtor in possession, or other representative of
another Person or such other Person&rsquo;s estate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Instruments</U>&rdquo;</B> means any
&ldquo;instrument,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in which Borrower now holds
or hereafter acquires any interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual
Property</U>&rdquo; </B>means all of Borrower&rsquo;s Copyrights, Trademarks, Patents, Licenses, trade secrets, source codes, customer
lists, proprietary or confidential information, inventions (whether or not patented or patentable), technical information, procedures,
designs, knowledge, know-how, software, data bases, skill, expertise, experience, processes, models, drawings, materials, records and
goodwill associated with the foregoing.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</B></FONT><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellectual
Property Security Agreement</U><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&rdquo;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> means any
</FONT>Intellectual Property Security Agreement <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">executed and delivered by Borrower in favor of Agent,
as the same may be amended, supplemented, or restated from time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inventory</U>&rdquo;
</B></FONT>means any &ldquo;inventory,&rdquo; as such term is defined in the UCC, wherever located, now owned or hereafter acquired by
Borrower or in which Borrower now holds or hereafter acquires any interest, and, in any event, shall include, without limitation, all
inventory, goods and other personal property that are held by or on behalf of Borrower for sale or lease or are furnished or are to be
furnished under a contract of service or that constitute raw materials, work in process or materials used or consumed or to be used or
consumed in Borrower&rsquo;s business, or the processing, packaging, promotion, delivery or shipping of the same, and all finished goods,
whether or not the same is in transit or in the constructive, actual or exclusive possession of Borrower or is held by others for Borrower&rsquo;s
account, including, without limitation, all goods covered by purchase orders and contracts with suppliers and all goods billed and held
by suppliers and all such property that may be in the possession or custody of any carriers, forwarding agents, truckers, warehousemen,
vendors, selling agents or other Persons.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investment
Property</U>&rdquo; </B></FONT>means any &ldquo;investment property,&rdquo; as such term is defined in the UCC, now owned or hereafter
acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Letter-of-Credit Rights</U>&rdquo;</B>
means any &ldquo;letter-of-credit rights,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in
which Borrower now holds or hereafter acquires any interest, including any right to payment under any letter of credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">License</U>&rdquo;</B>
means any Copyright License, Patent License, Trademark License or other license of rights or interests now held or hereafter acquired
by Borrower or in which Borrower now holds or hereafter acquires any interest and any renewals or extensions thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lien</U>&rdquo;
</B></FONT>means any mortgage, deed of trust, pledge, hypothecation, assignment for security, security interest, encumbrance, levy, lien
or charge of any kind, whether voluntarily incurred or arising by operation of law or otherwise, against any property, any conditional
sale or other title retention agreement, any lease in the nature of a security interest, and the filing of any financing statement (other
than a precautionary financing statement with respect to a lease that is not in the nature of a security interest) under the UCC or comparable
law of any jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan</U>&rdquo;</B>
has the meaning specified in the Supplement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
Documents</U>&rdquo;</B> means, individually and collectively, this Agreement, each Supplement, each Note, the Intellectual Property Security
Agreement, and any other security or pledge agreement(s), any Warrant issued by Borrower in connection with this Agreement, and all other
contracts, instruments, addenda and documents executed in connection with this Agreement or the extensions of credit which are the subject
of this Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material
Adverse Effect</U>&rdquo;</B> or &ldquo;<B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Material Adverse Change</U></B>&rdquo; means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, or condition (financial or otherwise) of Borrower; (b) a material impairment
of the ability of Borrower to perform under any Loan Document; or (c) a material adverse effect upon the legality, validity, binding effect
or enforceability against Borrower of any Loan Document.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Note</U>&rdquo;</B>
means a promissory note substantially in the form attached to the Supplement as <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit &ldquo;A&rdquo;</U>, executed by Borrower evidencing
each Loan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Obligations</U>&rdquo;</B>
means all debts, obligations and liabilities of Borrower to each Lender or Agent now or hereafter made, incurred or created under, pursuant
to or in connection with this Agreement or any other Loan Document (other than the Warrant), whether voluntary or involuntary and however
arising or evidenced, whether direct or acquired by such Lender or Agent by assignment or succession, whether due or not due, absolute
or contingent, liquidated or unliquidated, determined or undetermined, and whether Borrower may be liable individually or jointly, or
whether recovery upon such debt may be or become barred by any statute of limitations or otherwise unenforceable; and all renewals, extensions
and modifications thereof; and all attorneys&rsquo; fees and costs incurred by each Lender and Agent in connection with the collection
and enforcement thereof as provided for in any such Loan Document. Notwithstanding the foregoing, Borrower&rsquo;s obligations under any
warrants (including the Warrants) issued to Lender or its designated affiliate shall not be &ldquo;Obligations&rdquo; hereunder.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Patent
License</U>&rdquo;</B></FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means any written agreement granting any right with respect to any
invention on which a Patent is in existence now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires
any interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Patents</U>&rdquo;</B></FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means all of the following property now owned or hereafter acquired by Borrower or in which Borrower
now holds or hereafter acquires any interest: (a) all letters patent of, or rights corresponding thereto in, the United States or any
other country, all registrations and recordings thereof, and all applications for letters patent of, or rights corresponding thereto in,
the United States or any other country, including, without limitation, registrations, recordings and applications in the United States
Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country; (b) all reissues,
continuations, continuations-in-part or extensions thereof; (c) all petty patents, divisionals, and patents of addition; and (d) all patents
to be issued under any such applications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<B><U>Permitted
Acquisitions</U></B>&rdquo; means the acquisition by Borrower or any of its Subsidiaries of all or substantially all of the assets of
another Person or a division or line of business of another Person, all or substantially all of the capital stock of another Person or
a merger, consolidation or other combination with another Person, <U>provided</U> that each of the following shall be applicable to any
such acquisition: (a) no Event of Default shall have occurred and be continuing or would result from the consummation of such acquisition;
(b) the assets acquired in such acquisition are used or useful in the same or similar line of business as Borrower and its Subsidiaries
is in as of the Closing Date or reasonably related thereto and are free and clear of Liens other than Permitted Liens; (c) if such acquisition
is structured as a stock acquisition, then the Person so acquired shall either (i) become a wholly-owned Subsidiary of Borrower and Borrower
shall comply, or cause such Subsidiary to be joined as a Borrower pursuant to Section 6.14(a) of this Agreement or (ii) such Person shall
be merged with and into Borrower (with Borrower being the surviving entity); (d) Borrower shall provide Bank with written notice of the
proposed acquisition at least ten (10) days prior to the anticipated closing date of the proposed acquisition; (e) after giving effect
to the consummation of such acquisition on a pro forma basis, Borrower shall (i) have a consolidated cash and cash equivalent balance
of at least two times the aggregate outstanding principal amount of the Loans at the time such acquisition is consummated and (ii) be
in compliance with the financial covenant set forth in Part 2, Section 8 of the Supplement; (f) such acquisition shall have been approved
by the board of directors or other legally governing body of the Person selling such assets, and (g) the cash consideration for all such
acquisitions shall not exceed $2,500,000 per year, including without limitation any cash consideration given in connection with earnouts,
</FONT>deferred purchase price obligations, purchase price adjustments, seller notes and similar obligations incurred in connection with
such acquisitions. Notwithstanding the foregoing, the potential transaction described on Exhibit A hereto shall be a Permitted Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Permitted
Lien</U>&rdquo;</B> means:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) </B>involuntary Liens
which, in the aggregate, would not have a Material Adverse Effect and which in any event would not exceed, in the aggregate, the Threshold
Amount;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b) </B>Liens for current
taxes or other governmental or regulatory assessments which are not delinquent, or which are contested in good faith by the appropriate
procedures and for which appropriate reserves are maintained;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </B>security interests
on any property held or acquired by Borrower in the ordinary course of business securing Indebtedness incurred or assumed for the purpose
of financing all or any part of the cost of acquiring such property; <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>, that such Lien attaches solely to the property acquired
with such Indebtedness and that the principal amount of such Indebtedness does not exceed one hundred percent (100%) of the cost of such
property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d) </B>Liens in favor of
Agent;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e) </B>bankers&rsquo; liens,
rights of setoff and similar Liens incurred on deposits made in the ordinary course of business as long as an account control agreement
(or equivalent) for each account in which such deposits are held in a form acceptable to Agent has been executed and delivered to Agent
to the extent required under Section 6.11;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f) </B>materialmen&rsquo;s,
mechanics&rsquo;, repairmen&rsquo;s, warehousemen&rsquo;s, carriers&rsquo;, landlord&rsquo;s (subject to Section 5.9(e) hereof), employees&rsquo;
or other like Liens arising in the ordinary course of business and which are not delinquent for more than forty-five (45) days or are
being contested in good faith by appropriate proceedings;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g) </B>any judgment, attachment
or similar Lien, unless the judgment it secures exceeds the Threshold Amount (excluding amounts covered by independent third-party insurance
as to which liability has been accepted by such insurance carrier) and has not been discharged or execution thereof effectively stayed
and bonded against pending appeal within 30 days of the entry thereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h) </B>licenses or sublicenses
of Intellectual Property in accordance with the terms of Section 6.5 hereof;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)
</B>Liens securing Subordinated Debt;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j) </B>Liens which have been
approved by Lenders in writing prior to the Closing Date, as shown on Schedule 6.2 hereto, including any Liens incurred with the extension,
renewal, or refinancing of any Indebtedness secured by Liens referenced on Schedule 6.2 hereto (to the extent permitted under Section
6.1(m));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k) </B>the interests of licensors
under inbound licenses to Borrower;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l) </B>the interests of sub-lessees
under subleases of real property;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m) </B>Liens to secure payment
of workers&rsquo; compensation, employment insurance, old-age pensions, social security and other like obligations incurred in the ordinary
course of business (other than Liens imposed by ERISA);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n) </B>deposits to secure
the performance of bids, trade contracts (other than for Indebtedness), leases (other than capital lease obligations), statutory obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature arising as a matter of law and incurred in the ordinary
course of business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o) </B>zoning restrictions,
easements, rights of way, restrictions on use of real property and other similar encumbrances incurred in the ordinary course of business
which, in the aggregate, are not substantial in amount and do not materially detract from the value of the property subject thereto or
interfere with the ordinary conduct of the business of Borrower or any of its Subsidiaries; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p) </B>Liens on cash and
cash equivalents securing reimbursement obligations for letters of credit not exceeding $250,000 at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Person</U>&rdquo;</B></FONT>
means any individual, sole proprietorship, partnership, joint venture, trust, unincorporated organization, association, corporation, limited
liability company, institution, public benefit corporation, other entity or government (whether federal, state, county, city, municipal,
local, foreign, or otherwise, including any instrumentality, division, agency, body or department thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Proceeds</U>&rdquo;</B> means &ldquo;proceeds,&rdquo;
as such term is defined in the UCC and, in any event, shall include, without limitation, (a) any and all Accounts, Chattel Paper, Instruments,
cash or other forms of money or currency or other proceeds payable to Borrower from time to time in respect of the Collateral, (b) any
and all proceeds of any insurance, indemnity, warranty or guaranty payable to Borrower from time to time with respect to any of the Collateral,
(c) any and all payments (in any form whatsoever) made or due and payable to Borrower from time to time in connection with any requisition,
confiscation, condemnation, seizure or forfeiture of all or any part of the Collateral by any governmental authority (or any Person acting
under color of governmental authority), (d) any claim of Borrower against third parties (i) for past, present or future infringement of
any Copyright, Patent or Patent License or (ii) for past, present or future infringement or dilution of any Trademark or Trademark License
or for injury to the goodwill associated with any Trademark, Trademark registration or Trademark licensed under any Trademark License
and (e) any and all other amounts from time to time paid or payable under or in connection with any of the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Receivables</U>&rdquo;</B> means all
of Borrower&rsquo;s Accounts, Instruments, Documents, Chattel Paper, Supporting Obligations, and letters of credit and Letter-of-Credit
Rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Records</U>&rdquo;</B>
means all Borrower&rsquo;s computer programs, software, hardware, source codes and data processing information, all written documents,
books, invoices, ledger sheets, financial information and statements, and all other writings concerning Borrower&rsquo;s business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Related
Person</U>&rdquo;</B> means any Affiliate of Borrower, or any officer, employee, manager, director or equity security holder of Borrower
or any Affiliate.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Required
Lenders</U>&rdquo; </B>(and each a <B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Required Lender</U>&rdquo;</B>) means, as of any date of determination, Lenders holding
at least 51% of the outstanding principal balance of the total principal amount of Loans then outstanding.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rights
to Payment</U>&rdquo;</B> means all Borrower&rsquo;s accounts, instruments, contract rights, documents, chattel paper and all other rights
to payment, including, without limitation, the Accounts, all negotiable certificates of deposit and all rights to payment under any Patent
License, any Trademark License, or any commercial or standby letter of credit.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Security Documents</U>&rdquo;</B> means
this Agreement, the Supplement hereto, the Intellectual Property Security Agreement, and any and all account control agreements, collateral
assignments, chattel mortgages, financing statements, amendments to any of the foregoing and other documents from time to time executed
or filed to create, perfect or maintain the perfection of Agent&rsquo;s Liens on the Collateral.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares</U>&rdquo;</B></FONT>
means: (a) one hundred percent (100%) of the issued and outstanding capital stock, membership units or other securities owned or held
of record by Borrower in any Subsidiary that is not a controlled foreign corporation (as defined in the Internal Revenue Code), and (b)
65% of the issued and outstanding capital stock, membership units or other securities entitled to vote owned or held of record by Borrower
in any Subsidiary that is a controlled foreign corporation (as defined in the Internal Revenue Code).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subordinated Debt</U>&rdquo;</B> means
Indebtedness (i) approved by Required Lenders; and (ii) where the holder&rsquo;s right to payment of such Indebtedness, the priority of
any Lien securing the same, and the rights of the holder thereof to enforce remedies against Borrower following default have been made
subordinate to the Liens of Agent (if such Indebtedness is secured) and to the prior payment to each Lender of the Obligations, either
(A) pursuant to a written subordination agreement approved by Required Lenders in their sole but reasonable discretion or (B) on terms
otherwise approved by Required Lenders in their sole but reasonable discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Subsidiary</U>&rdquo;
</B>means any Person a majority of the equity ownership or voting stock of which is directly or indirectly </FONT>now owned or hereafter
acquired by Borrower <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">or by one or more other Subsidiaries</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supplement</U>&rdquo;</B>
means that certain supplement to the Loan and Security Agreement, dated as of the Closing Date, as the same may be amended or restated
from time to time, and any other supplements entered into between Borrower and each Lender, as the same may be amended or restated from
time to time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Supporting Obligations</U>&rdquo;</B>
means any &ldquo;supporting obligations,&rdquo; as such term is defined in the UCC, now owned or hereafter acquired by Borrower or in
which Borrower now holds or hereafter acquires any interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Termination
Date</U>&rdquo;</B> has the meaning specified in the Supplement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Threshold
Amount</U>&rdquo;</B> has the meaning specified in the Supplement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trademark
License</U>&rdquo;</B></FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means any written agreement granting any right to use any Trademark
or Trademark registration now owned or hereafter acquired by Borrower or in which Borrower now holds or hereafter acquires any interest.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trademarks</U>&rdquo;</B></FONT>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">means all of the following property now owned or hereafter acquired by Borrower or in which Borrower
now holds or hereafter acquires any interest: (a) all trademarks, tradenames, corporate names, business names, trade styles, service marks,
logos, other source or business identifiers, prints and labels on which any of the foregoing have appeared or appear, designs and general
intangibles of like nature, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and any applications
in connection therewith, including, without limitation, registrations, recordings and applications in the United States Patent and Trademark
Office or in any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof
and (b) reissues, extensions or renewals thereof.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UCC</U>&rdquo;</B></FONT>
means the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York; <U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provided</U>, that in
the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect
to, Agent&rsquo;s Lien on any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than
the State of New York, the term &ldquo;UCC&rdquo; shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction
solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions
related to such provisions. Unless otherwise defined herein, terms that are defined in the UCC and used herein shall have the meanings
given to them in the UCC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;<U STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant</U>&rdquo;</B>
has the meaning specified in the Supplement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Signature
page follows]</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</I></FONT></P>


<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Signature
pages to Loan and Security Agreement]</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">IN WITNESS WHEREOF, the parties have executed this
Agreement as of the date first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BORROWER:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ABEONA THERAPEUTICS INC.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Joseph Vazzano</I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Joseph Vazzano</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Chief Financial Officer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">MACROCHEM CORPORATION</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Joseph Vazzano</I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Joseph Vazzano</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Treasurer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">ABEONA THERAPEUTICS LLC</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Joseph Vazzano</I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Joseph Vazzano</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Treasurer</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 35 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LENDERS:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">AVENUE VENTURE OPPORTUNITIES FUND, L.P.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 45%; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By: </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Avenue Venture Opportunities Partners, LLC</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Its:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">General Partner</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Sonia Gardner </I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Sonia Gardner</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Member</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">AVENUE VENTURE OPPORTUNITIES FUND II, L.P.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By: </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Avenue Venture Opportunities Partners II, LLC</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Its:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">General Partner</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Sonia Gardner </I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Sonia Gardner</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Member</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AGENT:</B></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">AVENUE VENTURE OPPORTUNITIES FUND, L.P.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">By: </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Avenue Venture Opportunities Partners, LLC</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Its:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">General Partner</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Sonia Gardner </I></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt; font-family: Times New Roman, Times, Serif">Sonia Gardner</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Member</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><I STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[Schedules to Loan and Security Agreement follow]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 36 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedules
to</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Loan
and Security Agreement</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">dated
as of January 8, 2024</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">between</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Abeona
Therapeutics Inc., MacroChem Corporation and Abeona Therapeutics LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Avenue
Venture Opportunities Fund, L.P.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Avenue
Venture Opportunities Fund II, L.P.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-left: auto; margin-right: auto; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule of Exceptions</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.1. Permitted Indebtedness</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>L/C
    Number</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>L/C
    Issuer</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Issuance
    Date</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Expiration
    Date</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Letter
    of Credit Amount</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Beneficiary</B></FONT></TD>
    <TD STYLE="padding-bottom: 1.5pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Applicant</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">IS000312476U</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Wells Fargo Bank, N.A.</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">September 13, 2022</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">September 30, 2025</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">$338,000</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">Royal 1330 LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">825 Northern Blvd. 1<SUP STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">st</SUP> Fl</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">Great Neck, New York 11021</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Abeona Therapeutics Inc.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.2. Permitted Liens</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">1. Specific asset lien granted by Company to Thermo
Fisher Financial Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">2. Specific asset lien granted by Company to Corporation
Service Company as representative of Leica Microsystems Financial Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule 6.6. Permitted Investments</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><B STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 37; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
