Common use of Form of Business Entity Clause in Contracts

Form of Business Entity. [ ] Corporation; [ ] Limited Liability Company; [ ] Partnership; [ ] Limited Partnership; [ ] Limited Liability Partnership; [ ] Sole Proprietorship; [ ] Other: ​ ​ ​ ​ Street Address: ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ , City: Austin , State, ZIP: TX ​ 78701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mailing Address: ▇▇▇▇ ▇▇▇▇▇ ▇▇ STE 900 , City: DALLAS , State, ZIP: TX ​ 75201 ​ ​ ​ ​ ​ ​ ​ Primary Contact: ​ ​ Title: Owner ​ Time in Business: ​ ​ Federal Tax ID: ▇▇-▇▇▇▇▇▇▇ ​ ​ ​ ​ Purchase Price: $250,000.00 ​ Purchased Amount: $355,000.00 ​ Average Monthly Sales: $1,195,029.75 ​ Specified Percentage: % (Average Monthly Sales x Specified Percentage / Average Business Days in a Calendar Month) ​ ​ ​ Initial Weekly ​ Amount: $12,678.57 ​ Origination Fee: $7,500.00 (to be deducted from the Purchase Price) ​ ​ Payment will be withdrawn every Tuesday ​ ​ ​ Account for the Deposit of All Future Receipts: Bank: Texas Securities Bank Account No: ▇▇▇▇▇▇▇ ​ Effective, March 29, 2022 Seller, identified above, hereby sells, assigns and transfers to Advantage Platform Services Inc. d/b/a Advantage Capital Funding (“Buyer” or "Advantage Capital Funding" ) , located at ▇▇▇ ▇ ▇▇▇▇ ▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ without recourse, the Specified Percentage of the proceeds of each future sale made by Seller (collectively “Future Receipts”) until Seller has received the Purchased Amount. “Future Receipts” includes all payments made by cash, check, ACH or other electronic transfer, credit card, debit card, bank card, charge card (each such card shall be referred to herein as a “Payment Card”) or other form of monetary payment in the ordinary course of Seller’s business. As payment for the Purchased Amount, Buyer will deliver to Seller the Purchase Price, shown above, minus any Origination Fee shown above. Seller acknowledges that it has no right to repurchase the Purchased Amount from Buyer. Both parties agree that the obligation of Buyer under this Agreement will not be effective unless and until Buyer has completed its review of the Seller and has accepted this Agreement by delivering the Purchase Price, minus any Origination Fee. Prior to accepting this Agreement, Buyer may conduct a processing trial to confirm its access to the Account and the ability to withdraw the Initial Weekly Amount If the processing trial is not completed to the satisfaction of Buyer, Buyer will refund to Seller all funds that were obtained by Buyer during the processing trial. Agreement of Seller: By signing below Seller agrees to the terms and conditions contained in this Agreement, including those terms and conditions on the following pages, and further agrees that this transaction is for business purposes and not for personal, family, or household purposes. ​ Seller: DIGITAL BRANDS GROUP, INC. ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its Authorized Representative (Title) ​ ​ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its Authorized Representative (Title) ​ ​ Name: ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇ ​ ​ ​ ​ ​ ​ Buyer: Advantage Capital Funding ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its CFO (Title) ​ ​ Initials: ​ ​ ​ ​ ​ ​ Advantage Capital Funding ​ ​ ​ Initials: ​ ​ ​ ​ ​ 1​ Advantage Capital Funding ​ ​ Agreement of Each Seller: Each Seller signing below agrees to the terms of the Credit Report Authorization below. ​ ​ ​ ​ ​ ​ ​ Seller: DIGITAL BRANDS GROUP, INC. ​ ​ ​ ​ ​ ​ Agreed to By: ​ (Signature); ​ ​ ​ ​ Name: ▇▇▇▇ ▇▇▇▇▇ ​ ​ Authorized Representative (Title) ​ ​ ​

Form of Business Entity. [ ] ☐ Corporation; [ ] ☐ Limited Liability Company; [ ] ☐ Partnership; [ ] ☐ Limited Partnership; [ ] ☐ Limited Liability Partnership; [ ] ☐ Sole Proprietorship; [ ] ☐ Other: ​ ​ ​ ​ Street Address: ▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ , City: Austin , EL CAJON State, ZIP: TX ​ 78701 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CA Zip: 92020 Mailing Address: ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇ STE 900 , #▇▇▇ City: DALLAS , ▇▇▇▇▇▇▇▇▇ State, ZIP: TX ​ 75201 ​ ​ ​ ​ ​ ​ ​ NV Zip 89052 Primary Contact: ​ ​ Title: Owner ​ Time in Business: ​ ​ Federal Tax ID: ▇▇-▇▇▇▇▇▇▇ ​ ​ ​ ​ Purchase Price: $250,000.00 ​ Purchased Amount: 700,000.00 $355,000.00 ​ Average Monthly Sales: 1,008,000.00 $1,195,029.75 ​ 4,631,873.63 Specified Percentage: 15% (Average Projected Monthly Sales x Specified Percentage / Average Business Days in a Calendar Month) ​ ​ ​ Initial Weekly ​ Amount: $12,678.57 ​ 36,000.00 Origination Fee: $7,500.00 35,000.00 (to be deducted from the Purchase Price) ​ ​ Payment will be withdrawn every Tuesday ​ ​ ​ Friday Account for the Deposit of All Future Receipts: Bank: Texas Securities Bank NA Account No: ▇▇▇▇▇▇▇ ​ NA Effective, March July 29, 2022 Seller, identified above, hereby sells, assigns and transfers to Advantage Platform Services Inc. d/b/a Advantage Capital Funding AGILE CAPITAL FUNDING, LLC (“Buyer” or "Advantage “Agile Capital Funding" ”) , located at ▇▇▇ ▇ ▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ without recourse, the Specified Percentage of the proceeds of each future sale made by Seller (collectively “Future Receipts”) until Seller has received the Purchased Amount. “Future Receipts” includes all payments made by cash, check, ACH or other electronic transfer, credit card, debit card, bank card, charge card (each such card shall be referred to herein as a “Payment Card”) or other form of monetary payment in the ordinary course of Seller’s business. As payment for the Purchased Amount, Buyer will deliver to Seller the Purchase Price, shown above, minus any Origination Fee shown above. Seller acknowledges that it has no right to repurchase the Purchased Amount from Buyer. Both parties agree that the obligation of Buyer under this Agreement will not be effective unless and until Buyer has completed its review of the Seller and has accepted this Agreement by delivering the Purchase Price, minus any Origination Fee. Prior to accepting this Agreement, Buyer may conduct a processing trial to confirm its access to the Account and the ability to withdraw the Initial Weekly Daily Amount If the processing trial is not completed to the satisfaction of Buyer, Buyer will refund to Seller all funds that were obtained by Buyer during the processing trial. Agreement of Seller: By signing below Seller agrees to the terms and conditions contained in this Agreement, including those terms and conditions on the following pages, and further agrees that this transaction is for business purposes and not for personal, family, or household purposes. ​ Seller: DIGITAL BRANDS GROUP, INC. ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its Authorized Representative (Title) ​ ​ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its Authorized Representative (Title) ​ ​ Name: ▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇ ​ ​ ​ ​ ​ ​ Buyer: Advantage Capital Funding ​ ​ ​ ​ ​ ​ Agreed to by: ​ (Signature), its CFO (Title) ​ ​ Initials: ​ ​ ​ ​ ​ ​ Advantage Capital Funding ​ ​ ​ Initials: ​ ​ ​ ​ ​ 1​ Advantage Capital Funding ​ ​ Agreement of Each Seller: Each Seller signing below agrees to the terms of the Credit Report Authorization below. ​ ​ ​ ​ ​ ​ ​ Seller: DIGITAL BRANDS GROUP, INC. ​ ​ ​ ​ ​ ​ Agreed to By: ​ (Signature); ​ ​ ​ ​ Name: ▇▇▇▇ ▇▇▇▇▇ ​ ​ Authorized Representative (Title) ​ ​ ​.