NOTE 14. SUBSEQUENT EVENTS

On March 16 2022, we, the lenders from time to time party (the “Loan Parties”) and Fortress Credit Corp., as the Agent entered into the Consent and Waiver to Fortress Credit Agreement.

Pursuant to the Consent and Waiver Agreement, the Company  acknowledged that it was  in default under the Fortress Credit Agreement as a result of its failure to comply with a requirement of the Fortress Credit Agreement not to permit, on the last Business Day of each calendar month, more than the Dollar Equivalent of $1,000,000 (or such greater amount determined by the Agent in its sole discretion) in the aggregate to be on deposit in Isle of Man deposit or securities accounts which are not subject to Control Agreements (as such term is defined in the Guaranty and Security Agreement) or other security arrangements acceptable to the Agent (the “Existing Default”) for the months of November 2021, December 2021, January 2022 and February 2022 (the “Specified Compliance Periods”). The Company cured the default. Pursuant to the Consent and Waiver Agreement, the Company has requested that the Agent and Required Lenders waive, and the Agent and the Lenders signatory hereto constituting the Required Lenders agree to waive, the Existing Default for the Specified Compliance Periods indicated above.

Other than as specifically referenced in the Consent and Waiver Agreement, the Credit Agreement remains in full force and effect.