1. Initial Financing Facility: ​$250,000 Receipt-Based Royalty Facility.

2. Term of Agreement​: This is up to a 24-month facility.

3. Receipt-Based Royalty: ​6.25% of monthly cash receipts will be paid to Bigfoot Capital each month
during the term until the Return Cap is reached. Should cash receipts reach $2.6M in the next 12
months (between October 2019 and September 2020), 1% of monthly cash receipts will be paid to
Bigfoot for the remaining months of the first 12 months.

4. Return Cap: ​A maximum of 1.35x Return Cap during the term, excluding any fees, provided no
occurrence of default.

5. Due Diligence Fee​: A due diligence fee of $750.00 is due upon signing this term sheet. Once this fee
is paid, Bigfoot Capital will move into the underwriting stage.

6. Origination Fee: ​An origination fee of 1.00% is due upon closing of the facility if the term sheet is
signed on September 25, 2019. Otherwise, the origination fee of 1.50% is due upon closing of the
facility.

7. Collateral​: A minimum of first security interest in all business assets.

8. Reporting Requirements: On a monthly basis, within 20 days of month end, Bigfoot will receive
monthly financial statements as kept in its accounting software along with other reports as reasonably
requested (e.g., cash reporting and MRR reporting).

9. Financial Covenants: Requires maintenance of a minimum average monthly cash balance in its
primary operating account of $100,000.

 
3575 Ringsby Court, Suite 411 Denver, Colorado 80216 • (303) 475-4331 • ​www.bigfootcap.com