<SEC-DOCUMENT>0001564590-16-027683.txt : 20161104
<SEC-HEADER>0001564590-16-027683.hdr.sgml : 20161104
<ACCEPTANCE-DATETIME>20161104164114
ACCESSION NUMBER:		0001564590-16-027683
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20160112
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161104
DATE AS OF CHANGE:		20161104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Heritage Global Inc.
		CENTRAL INDEX KEY:			0000849145
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822]
		IRS NUMBER:				592291344
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17973
		FILM NUMBER:		161975666

	BUSINESS ADDRESS:	
		STREET 1:		12625 HIGH BLUFF DRIVE
		STREET 2:		SUITE 305
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130
		BUSINESS PHONE:		858-847-0655

	MAIL ADDRESS:	
		STREET 1:		12625 HIGH BLUFF DRIVE
		STREET 2:		SUITE 305
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Counsel RB Capital Inc.
		DATE OF NAME CHANGE:	20110121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	C2 Global Technologies Inc
		DATE OF NAME CHANGE:	20050812

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACCERIS COMMUNICATIONS INC
		DATE OF NAME CHANGE:	20040220
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>hgbl-8k_20160112.htm
<DESCRIPTION>8-K DOVE LOANS
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
hgbl-8k_20160112.htm
</title>
</head>
<!-- NG Converter v4.0.5.2 -->
<body>

<p style="text-align:center;border-bottom:Double 2.25pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:1pt;">&nbsp;</p>
<p style="text-align:center;margin-top:4pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:18pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">UNITED STATES</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SECURITIES AND EXCHANGE COMMISSION</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Washington, D.C. 20549</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:39.81%;margin-right:39.81%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:18pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FORM 8-K</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:39.81%;margin-right:39.81%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THE SECURITIES AND EXCHANGE ACT OF 1934</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">November 4, 2016 (January 12, 2016)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Date of report (Date of earliest event reported)</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:39.81%;margin-right:39.81%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:24pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">HERITAGE GLOBAL INC.</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Exact Name of Registrant as Specified in its Charter)</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:39.81%;margin-right:39.81%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FLORIDA</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(State or Other Jurisdiction of</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Incorporation or Organization)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:47.16%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">0-17973</p></td>
<td valign="bottom"  style="width:5.66%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:47.16%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">59-2291344</p></td>
</tr>
<tr>
<td valign="top"  style="width:47.16%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(Commission File No.)</p></td>
<td valign="bottom"  style="width:5.66%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p></td>
<td valign="top"  style="width:47.16%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(I.R.S. Employer Identification No.)</p></td>
</tr>
</table></div>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">12625 High Bluff Drive, Suite 305, San Diego, CA 92130</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">(Address of Principal Executive Offices)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(858) 847-0656</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">(Registrants Telephone Number, Including Area Code)</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">N/A</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman Bold;font-style:normal;text-transform:none;font-variant: normal;">(Former Name or Former Address, if Changed Since Last Report)</p>
<p style="text-align:center;border-bottom:Solid 0.75pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;margin-left:39.81%;margin-right:39.81%;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:4.54%;white-space:nowrap">
<p style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
<td valign="top">
<p style="margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:4.54%;white-space:nowrap">
<p style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
<td valign="top">
<p style="margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:4.54%;white-space:nowrap">
<p style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
<td valign="top">
<p style="margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p></td></tr></table></div>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0"  style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top" style="width:4.54%;white-space:nowrap">
<p style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"><font style="font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:'Times New Roman';"></font><font style="font-size:10pt;font-family:'Times New Roman'">&#9744;</font></p></td>
<td valign="top">
<p style="margin-top:6pt;margin-bottom:0pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p></td></tr></table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="border-bottom:Double 2.25pt;padding-bottom:1pt;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:6pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><br /></p>
<hr style="page-break-after:always;width:100%;">
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 1.01</font><font style="font-weight:normal;margin-left:36pt;"></font><font style="font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Entry into a Material Definitive Agreement.</font></p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 1.02<font style="font-weight:normal;margin-left:36pt;"></font>Termination of a Material Definitive Agreement.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 2.03 <font style="margin-left:36pt;">Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet </font>Arrangement of a Registrant.</p>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On January 12, 2016, a subsidiary of Heritage Global Inc. (the &#8220;Company&#8221;) entered into a loan agreement with a trust jointly controlled by certain executive officers of the Company (the &#8220;Trust&#8221;).&nbsp;&nbsp;The Company received proceeds of $0.4 million.&nbsp;&nbsp;The loan accrued interest at 10% per annum and was payable within 90 days of the loan date.&nbsp;&nbsp;The Trust is jointly controlled by the Company&#8217;s Chief Executive Officer, Ross Dove (the &#8220;CEO&#8221;) and President and Chief Operating Officer, Kirk Dove (the &#8220;COO&#8221;). The proceeds from the loan were used to purchase assets for resale by the Company.&nbsp;&nbsp;There were no covenants tied to the loan agreement.&nbsp;&nbsp;The loan agreement provided the Trust with a secured position on the proceeds received by the Company from the resale of the assets.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August 17, 2016, the Company entered into a loan agreement with an entity owned by the CEO and COO (the &#8220;Entity&#8221;), <font style="color:#000000;">and with the CEO.&nbsp;&nbsp;The Company received proceeds of $0.3 million from each of the Entity and the CEO.&nbsp;&nbsp;The loan accrues interest at 10% per annum and is payable within 180 days of the loan date.&nbsp;&nbsp;</font>The proceeds from the loan were used to purchase assets for resale by the Company.&nbsp;&nbsp;There were no covenants tied to the loan agreement.&nbsp;&nbsp;The loan agreement provided the Entity and the CEO with a secured position on the proceeds received by the Company from the resale of the assets.</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On March 23, 2016, the Company repaid $0.4 million of outstanding principal, plus accrued interest, on the related party loan with the Trust, and terminated the loan agreement.&nbsp;&nbsp;There were no early termination penalties or other fees incurred by the Company.&nbsp;&nbsp;</p>
<p style="text-align:justify;margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">These summaries are qualified in their entirety by reference to the full text of the loan agreements, which are attached hereto as Exhibit 10.1 and 10.2, and incorporated by reference herein.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Item 9.01<font style="font-weight:normal;margin-left:36pt;"></font>Financial Statements and Exhibits.</p>
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(d) Exhibits</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.2%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit No.</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:0.82%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:87.96%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Description</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.2%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.1</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:0.82%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#CFF0FC" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:87.96%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan Agreement between Heritage Global Partners, Inc. and the Zel Dove Trust UAD 10/31/2006, effective as of January 12, 2016.</p></td>
</tr>
<tr>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:11.2%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10.2</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:0.82%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&nbsp;</p></td>
<td valign="bottom"  BGCOLOR="#FFFFFF" style="padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:87.96%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan Agreement between Heritage Global Partners, Inc., the Dove Holdings Corporation, and Ross Dove, effective as of August 17, 2016.</p></td>
</tr>
</table></div>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><font style="font-weight:bold;color:#000000;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">SIGNATURES</font></p>
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:49.52%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td colspan="2" valign="top"  style="width:50.48%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Heritage Global Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:49.52%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:5.94%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:44.54%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:49.52%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&nbsp;&nbsp;November 4, 2016</p></td>
<td valign="top"  style="width:5.94%; border-bottom:solid 0.75pt transparent;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By:</p></td>
<td valign="top"  style="width:44.54%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Scott A. West</p></td>
</tr>
<tr>
<td valign="top"  style="width:49.52%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:5.94%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Name:</p></td>
<td valign="top"  style="width:44.54%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Scott A. West</p></td>
</tr>
<tr>
<td valign="top"  style="width:49.52%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:5.94%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Title:</p></td>
<td valign="top"  style="width:44.54%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chief Financial Officer</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>hgbl-ex101_17.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
hgbl-ex101_17.htm
</title>
</head>
<!-- NG Converter v4.0.5.2 -->
<body>

<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit&#160;10.1</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g2016110417383551210126.jpg" title="" alt="" style="width:279px;height:82px;"></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January<font style="letter-spacing:2pt;"> </font>12,<font style="letter-spacing:0.95pt;"> </font>2016</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">DEAL</font><font style="text-decoration:underline;letter-spacing:1.65pt;"> </font><font style="text-decoration:underline;">FINANCING</font><font style="text-decoration:underline;letter-spacing:2.3pt;"> </font><font style="text-decoration:underline;">MEMORANDUM</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deal name:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Doctor&#8217;s<font style="letter-spacing:2.3pt;"> </font>Medical<font style="letter-spacing:1.3pt;"> </font>Center</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Location:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">San<font style="letter-spacing:0.95pt;"> </font>Pablo,<font style="letter-spacing:1.6pt;"> </font>California</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Description:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Purchase<font style="letter-spacing:1.75pt;"> </font>for<font style="letter-spacing:0.65pt;"> </font>resale<font style="letter-spacing:1.75pt;"> </font>of<font style="letter-spacing:0.7pt;"> </font>complete<font style="letter-spacing:1.75pt;"> </font>contents<font style="letter-spacing:1.8pt;"> </font>of<font style="letter-spacing:0.5pt;"> </font>a<font style="letter-spacing:0.3pt;"> </font>hospital,<font style="letter-spacing:1.65pt;"> </font>including<font style="letter-spacing:1.95pt;"> </font>but<font style="letter-spacing:1pt;"> </font>not necessarily<font style="letter-spacing:2.75pt;"> </font>limited<font style="letter-spacing:1.15pt;"> </font>to<font style="letter-spacing:1pt;"> </font>hospital<font style="letter-spacing:1.15pt;"> </font>beds,<font style="letter-spacing:1.4pt;"> </font>test<font style="letter-spacing:0.85pt;"> </font>&amp;<font style="letter-spacing:0.35pt;"> </font>measurement equipment,<font style="letter-spacing:1.8pt;"> </font>x-ray equipment,<font style="letter-spacing:2.25pt;"> </font>radiology,<font style="letter-spacing:2.35pt;"> </font>instrumentation, <font style="letter-spacing:0.05pt;"> </font>facility<font style="letter-spacing:1.2pt;"> </font>support,<font style="letter-spacing:1.7pt;"> </font>and<font style="letter-spacing:0.6pt;"> </font>mechanics (collectively,<font style="letter-spacing:1.9pt;"> </font>the<font style="letter-spacing:0.7pt;"> </font>&#8220;Assets&#8221;). <font style="letter-spacing:2.05pt;"> </font>Assets<font style="letter-spacing:1.15pt;"> </font>to<font style="letter-spacing:0.75pt;"> </font>be<font style="letter-spacing:0.35pt;"> </font>resold<font style="letter-spacing:1.9pt;"> </font>on<font style="letter-spacing:0.7pt;"> </font>or<font style="letter-spacing:0.65pt;"> </font>about<font style="letter-spacing:0.95pt;"> </font>February<font style="letter-spacing:2.2pt;"> </font>17,<font style="letter-spacing:1.05pt;"> </font>2016.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Price:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$725,000<font style="letter-spacing:1.55pt;"> </font>for<font style="letter-spacing:0.7pt;"> </font>all<font style="letter-spacing:0.75pt;"> </font>assets.<font style="color:#000000;">&#160;&#160;&#160;&#160;&#160;</font>Heritage<font style="letter-spacing:1.55pt;"> </font>Global<font style="letter-spacing:1.2pt;"> </font>Partners,<font style="letter-spacing:1.75pt;"> </font>Inc.<font style="letter-spacing:1pt;"> </font>(&#8220;HGP&#8221;)&#8217;s<font style="letter-spacing:2.05pt;"> </font>share<font style="letter-spacing:1pt;"> </font>is 33.33%<font style="letter-spacing:1.7pt;"> </font>for<font style="letter-spacing:0.75pt;"> </font>$241,667.<font style="color:#000000;">&#160;&#160;&#160;&#160;&#160;</font>HGP<font style="letter-spacing:1.15pt;"> </font>is<font style="letter-spacing:0.9pt;"> </font>a<font style="letter-spacing:0.25pt;"> </font>wholly-owned <font style="letter-spacing:0.15pt;"> </font>subsidiary<font style="letter-spacing:2.6pt;"> </font>of<font style="letter-spacing:0.25pt;"> </font>Heritage<font style="letter-spacing:1.9pt;"> </font>Global Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Source of</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Zel<font style="letter-spacing:0.4pt;"> </font>Dove<font style="letter-spacing:1.2pt;"> </font>Trust<font style="letter-spacing:1.2pt;"> </font>UAD<font style="letter-spacing:1.2pt;"> </font>10/31/2006</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amount:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$241,667</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funding&#160;Date:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1/13/16</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10%<font style="letter-spacing:1.2pt;"> </font>per<font style="letter-spacing:0.95pt;"> </font>annum<font style="letter-spacing:1.6pt;"> </font>on<font style="letter-spacing:0.6pt;"> </font>outstanding<font style="letter-spacing:2.45pt;"> </font>balance.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payable<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:0.5pt;"> </font>full<font style="letter-spacing:0.6pt;"> </font>with<font style="letter-spacing:1.15pt;"> </font>all<font style="letter-spacing:0.65pt;"> </font>accrued<font style="letter-spacing:2.05pt;"> </font>interest<font style="letter-spacing:1.5pt;"> </font>within<font style="letter-spacing:0.95pt;"> </font>90<font style="letter-spacing:0.8pt;"> </font>day<font style="letter-spacing:-0.2pt;">s.</font></p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Security:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">First<font style="letter-spacing:1.15pt;"> </font>priority<font style="letter-spacing:1.2pt;"> </font>security<font style="letter-spacing:1.65pt;"> </font>interest<font style="letter-spacing:1.85pt;"> </font>in<font style="letter-spacing:0.45pt;"> </font>all<font style="letter-spacing:0.45pt;"> </font>Assets<font style="letter-spacing:1.65pt;"> </font>and/or<font style="letter-spacing:1.15pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.85pt;"> </font>interest<font style="letter-spacing:1.35pt;"> </font>therein.<font style="letter-spacing:1.5pt;"> </font>Funds<font style="letter-spacing:1.25pt;"> </font>to be<font style="letter-spacing:0.75pt;"> </font>repaid<font style="letter-spacing:1.55pt;"> </font>with<font style="letter-spacing:0.8pt;"> </font>interest<font style="letter-spacing:1.7pt;"> </font>from<font style="letter-spacing:1.35pt;"> </font>the<font style="letter-spacing:0.85pt;"> </font>distribution(s)<font style="letter-spacing:2.35pt;"> </font>of<font style="letter-spacing:0.5pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.85pt;"> </font>portion<font style="letter-spacing:1.55pt;"> </font>of<font style="letter-spacing:0.15pt;"> </font>proceeds resulting<font style="letter-spacing:1.85pt;"> </font>from<font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:1.05pt;"> </font>resale<font style="letter-spacing:2.05pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font>the<font style="letter-spacing:0.75pt;"> </font>Assets<font style="letter-spacing:1.3pt;"> </font>prior<font style="letter-spacing:1pt;"> </font>to<font style="letter-spacing:0.55pt;"> </font>any<font style="letter-spacing:1.2pt;"> </font>proceeds<font style="letter-spacing:1.95pt;"> </font>being<font style="letter-spacing:1.45pt;"> </font>retained<font style="letter-spacing:1.45pt;"> </font>by HGP.</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:40%;">
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investment Committee</p></td>
</tr>
<tr>
<td valign="top"  style="width:29.82%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Approval:</p></td>
<td valign="top"  style="width:2.48%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:67.7%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January 12, 2016</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APPROVED</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Allan Silber</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allan Silber</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman, Heritage Global, Inc.</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&#160;&#160;&#160;<font style="text-decoration:underline;">January&#160;19, 2016</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU2"></a><img src="g2016110417383561510127.jpg" title="" alt="" style="width:279px;height:82px;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January<font style="letter-spacing:-0.05pt;"> </font>12,<font style="letter-spacing:0.6pt;"> </font>2016</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">DEAL</font><font style="text-decoration:underline;letter-spacing:1.95pt;"> </font><font style="text-decoration:underline;">FINANCING</font><font style="text-decoration:underline;letter-spacing:2.5pt;"> </font><font style="text-decoration:underline;">MEMORANDUM</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deal name:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Arena<font style="letter-spacing:-0.25pt;"> </font>Pharmaceuticals,<font style="letter-spacing:-0.9pt;"> </font>Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Location:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">San<font style="letter-spacing:-0.35pt;"> </font>Diego,<font style="letter-spacing:-0.1pt;"> </font>California</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Description:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Purchase<font style="letter-spacing:-0.45pt;"> </font>for<font style="letter-spacing:-0.25pt;"> </font>resale<font style="letter-spacing:0.5pt;"> </font>of<font style="letter-spacing:-0.15pt;"> </font>pharmaceutical<font style="letter-spacing:-0.55pt;"> </font>processing<font style="letter-spacing:0.35pt;"> </font>equipment<font style="letter-spacing:-0.05pt;"> </font>(collectively,<font style="letter-spacing:-0.95pt;"> </font>the &#8220;Assets&#8221;).<font style="letter-spacing:1.9pt;"> </font>Assets<font style="letter-spacing:-0.25pt;"> </font>to<font style="letter-spacing:0.4pt;"> </font>be<font style="letter-spacing:0.05pt;"> </font>resold<font style="letter-spacing:0.05pt;"> </font>on or<font style="letter-spacing:-0.2pt;"> </font>about<font style="letter-spacing:-0.25pt;"> </font>February<font style="letter-spacing:-0.2pt;"> </font>18, 2016.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Price:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$100,000.&#160;&#160;Assets to<font style="letter-spacing:0.4pt;"> </font>be<font style="letter-spacing:-0.2pt;"> </font>purchased<font style="letter-spacing:0.2pt;"> </font>by<font style="letter-spacing:-0.2pt;"> </font>Heritage<font style="letter-spacing:-0.25pt;"> </font>Global<font style="letter-spacing:-0.4pt;"> </font>Partners,<font style="letter-spacing:-0.75pt;"> </font>Inc.<font style="letter-spacing:0.05pt;"> </font>(&#8220;HGP&#8221;<font style="letter-spacing:-0.1pt;">)</font><font style="color:#595E66;">. </font>HGP<font style="letter-spacing:-0.5pt;"> </font>is<font style="letter-spacing:0.15pt;"> </font>a<font style="letter-spacing:-0.15pt;"> </font>wholly-owned<font style="letter-spacing:0.45pt;"> </font>subsidiary<font style="letter-spacing:0.3pt;"> </font>of<font style="letter-spacing:-0.25pt;"> </font>Heritage<font style="letter-spacing:-0.25pt;"> </font>Global<font style="letter-spacing:-0.6pt;"> </font>Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Source of</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Zel<font style="letter-spacing:-0.4pt;"> </font>Dove<font style="letter-spacing:-0.45pt;"> </font>Trust<font style="letter-spacing:-0.2pt;"> </font>UAD<font style="letter-spacing:0.15pt;"> </font>10/31/2006</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amount:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$100,000</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funding&#160;Date:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1/13/16</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10%<font style="letter-spacing:0.05pt;"> </font>per<font style="letter-spacing:0.15pt;"> </font>annum<font style="letter-spacing:-0.15pt;"> </font>on<font style="letter-spacing:0.05pt;"> </font>outstanding<font style="letter-spacing:0.05pt;"> </font>balance.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payable<font style="letter-spacing:-0.95pt;"> </font>in full<font style="letter-spacing:-0.2pt;"> </font>with all<font style="letter-spacing:0.35pt;"> </font>accrued<font style="letter-spacing:0.05pt;"> </font>interest<font style="letter-spacing:-0.4pt;"> </font>within<font style="letter-spacing:-0.05pt;"> </font>90<font style="letter-spacing:-0.15pt;"> </font>day<font style="letter-spacing:-0.2pt;">s</font><font style="color:#595E66;">.</font></p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Security:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">First priority<font style="letter-spacing:-0.5pt;"> </font>security<font style="letter-spacing:-0.1pt;"> </font>interest in<font style="letter-spacing:0.2pt;"> </font>all<font style="letter-spacing:-0.3pt;"> </font>Assets<font style="letter-spacing:-0.25pt;"> </font>and/or<font style="letter-spacing:-0.4pt;"> </font>HGP&#8217;s<font style="letter-spacing:0.6pt;"> </font>interest<font style="letter-spacing:-0.9pt;"> </font>therein.<font style="letter-spacing:-0.4pt;"> </font>Funds<font style="letter-spacing:-0.25pt;"> </font>to be<font style="letter-spacing:0.05pt;"> </font>repaid<font style="letter-spacing:-0.1pt;"> </font>with<font style="letter-spacing:-0.45pt;"> </font>interest<font style="letter-spacing:-0.1pt;"> </font>from the<font style="letter-spacing:0.1pt;"> </font>distribution(s)<font style="letter-spacing:-0.3pt;"> </font>of<font style="letter-spacing:-0.3pt;"> </font>HGP&#8217;s<font style="letter-spacing:0.6pt;"> </font>portion<font style="letter-spacing:-0.5pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>proceeds resulting<font style="letter-spacing:-0.4pt;"> </font>from<font style="letter-spacing:-0.25pt;"> </font>the resale<font style="letter-spacing:0.5pt;"> </font>of<font style="letter-spacing:-0.1pt;"> </font>the Assets<font style="letter-spacing:-0.35pt;"> </font>prior<font style="letter-spacing:-0.05pt;"> </font>to<font style="letter-spacing:0.25pt;"> </font>any proceeds<font style="letter-spacing:-0.1pt;"> </font>being<font style="letter-spacing:-0.25pt;"> </font>retained<font style="letter-spacing:-0.65pt;"> </font>by HGP.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investment<font style="letter-spacing:0.15pt;"> </font>Committee</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Approval:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December<font style="letter-spacing:-0.15pt;"> </font>21,<font style="letter-spacing:-0.3pt;"> </font>2015.&#160;&#160;&#160;&#160;&#160;(Approved<font style="letter-spacing:-0.25pt;"> </font>by<font style="letter-spacing:-0.1pt;"> </font>Kirk<font style="letter-spacing:-0.05pt;"> </font>Dove,<font style="letter-spacing:0.4pt;"> </font>HGP&#8217;s<font style="letter-spacing:0.45pt;"> </font>president,<font style="letter-spacing:-1pt;"> </font>without<font style="letter-spacing:-0.6pt;"> </font>full committee<font style="letter-spacing:-0.65pt;"> </font>meeting<font style="letter-spacing:0.1pt;"> </font>as transaction<font style="letter-spacing:-0.25pt;"> </font>is<font style="letter-spacing:0.15pt;"> </font>at<font style="letter-spacing:-0.5pt;"> </font>threshold<font style="letter-spacing:-0.15pt;"> </font>for<font style="letter-spacing:-0.1pt;"> </font>Mr.<font style="letter-spacing:-0.3pt;"> </font>Dove&#8217;s<font style="letter-spacing:0.05pt;"> </font>approval.)</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:40%;">
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APPROVED</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman, Heritage Global, Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&#160;&#160;&#160;<font style="text-decoration:underline;">January 19, 2016</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU3"></a><img src="g2016110417383568010128.jpg" title="" alt="" style="width:279px;height:82px;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January<font style="letter-spacing:2.05pt;"> </font>12,<font style="letter-spacing:1.6pt;"> </font>2016</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">DEAL</font><font style="text-decoration:underline;letter-spacing:1.4pt;"> </font><font style="text-decoration:underline;">FINANCING</font><font style="text-decoration:underline;letter-spacing:2.25pt;"> </font><font style="text-decoration:underline;">MEMORANDUM</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deal name:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">lmpax<font style="letter-spacing:2pt;"> </font>Laboratories,<font style="letter-spacing:2.5pt;"> </font>Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Location:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Philadelphia,<font style="letter-spacing:2.65pt;"> </font>Pennsylvania</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Description:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Purchase for resale of three complete packaging lines for pharmaceutical products along with miscellaneous&nbsp;&nbsp;components&nbsp;&nbsp;and auxiliary parts for packaging processes such as tapers, sealers, labelers, tables, etc. (collectively, the &#8220;Assets&#8221;).&nbsp;&nbsp;Assets to be resold on or about February 17, 2016.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Price:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$120,000<font style="letter-spacing:1.5pt;"> </font>for<font style="letter-spacing:0.95pt;"> </font>all<font style="letter-spacing:0.6pt;"> </font>assets.&#160;&#160;&#160;&#160;&#160;Heritage<font style="letter-spacing:1.5pt;"> </font>Global<font style="letter-spacing:1.5pt;"> </font>Partners,<font style="letter-spacing:2.15pt;"> </font>Inc.<font style="letter-spacing:0.85pt;"> </font>(&#8220;HGP&#8221;)&#8217;s<font style="letter-spacing:2.05pt;"> </font>share<font style="letter-spacing:1pt;"> </font>is 33.33%<font style="letter-spacing:1.3pt;"> </font>for<font style="letter-spacing:0.65pt;"> </font>$40,000.&#160;&#160;&#160;&#160;&#160;HGP<font style="letter-spacing:1.05pt;"> </font>is<font style="letter-spacing:0.65pt;"> </font>a<font style="letter-spacing:0.25pt;"> </font>wholly-owned <font style="letter-spacing:0.4pt;"> </font>subsidiary<font style="letter-spacing:2.4pt;"> </font>of<font style="letter-spacing:0.6pt;"> </font>Heritage<font style="letter-spacing:1.5pt;"> </font>Global<font style="letter-spacing:1pt;"> </font>Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Source of</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Zel<font style="letter-spacing:0.2pt;"> </font>Dove<font style="letter-spacing:1.4pt;"> </font>Trust<font style="letter-spacing:1.45pt;"> </font>UAD<font style="letter-spacing:1.3pt;"> </font>10/31/2006</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amount:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$40,000</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funding&#160;Date:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1/13/16</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10%<font style="letter-spacing:1pt;"> </font>per<font style="letter-spacing:1.2pt;"> </font>annum<font style="letter-spacing:1.9pt;"> </font>on<font style="letter-spacing:0.65pt;"> </font>outstanding<font style="letter-spacing:2.15pt;"> </font>balance.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payable<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:0.5pt;"> </font>full<font style="letter-spacing:1pt;"> </font>with<font style="letter-spacing:1.15pt;"> </font>all<font style="letter-spacing:0.4pt;"> </font>accrued<font style="letter-spacing:1.7pt;"> </font>interest<font style="letter-spacing:1.5pt;"> </font>within<font style="letter-spacing:1.25pt;"> </font>90<font style="letter-spacing:0.8pt;"> </font>day<font style="letter-spacing:-0.2pt;">s</font><font style="color:#4D5257;">.</font></p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Security:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">First<font style="letter-spacing:0.95pt;"> </font>priority<font style="letter-spacing:1.6pt;"> </font>security<font style="letter-spacing:1.9pt;"> </font>interest<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:0.45pt;"> </font>all<font style="letter-spacing:0.35pt;"> </font>Assets<font style="letter-spacing:2pt;"> </font>and/or<font style="letter-spacing:0.95pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.9pt;"> </font>interest<font style="letter-spacing:1.6pt;"> </font>therein.<font style="letter-spacing:1.6pt;"> </font>Funds<font style="letter-spacing:1.25pt;"> </font>to be<font style="letter-spacing:0.75pt;"> </font>repaid<font style="letter-spacing:1.75pt;"> </font>with<font style="letter-spacing:1pt;"> </font>interest<font style="letter-spacing:1.4pt;"> </font>from<font style="letter-spacing:1.15pt;"> </font>the<font style="letter-spacing:0.6pt;"> </font>distribution(s) <font style="letter-spacing:0.05pt;">of</font><font style="letter-spacing:0.25pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.85pt;"> </font>portion<font style="letter-spacing:1.6pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font>proceeds resulting<font style="letter-spacing:1.45pt;"> </font>from<font style="letter-spacing:1.35pt;"> </font>the<font style="letter-spacing:0.8pt;"> </font>resale<font style="letter-spacing:1.75pt;"> </font>of<font style="letter-spacing:0.5pt;"> </font>the<font style="letter-spacing:0.75pt;"> </font>Assets<font style="letter-spacing:1.3pt;"> </font>prior<font style="letter-spacing:1.15pt;"> </font>to<font style="letter-spacing:0.8pt;"> </font>any<font style="letter-spacing:1.1pt;"> </font>proceeds<font style="letter-spacing:2.2pt;"> </font>being<font style="letter-spacing:1.2pt;"> </font>retained<font style="letter-spacing:1.45pt;"> </font>by HGP.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investment<font style="letter-spacing:0.15pt;"> </font>Committee</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Approval:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December<font style="letter-spacing:2.65pt;"> </font>21,<font style="letter-spacing:1.1pt;"> </font>2015.&nbsp;&nbsp;<font style="letter-spacing:1.25pt;"> </font>(Approved<font style="letter-spacing:1.9pt;"> </font>by<font style="letter-spacing:0.85pt;"> </font>Kirk<font style="letter-spacing:1.25pt;"> </font>Dove,<font style="letter-spacing:1.65pt;"> </font>HGP&#8217;s<font style="letter-spacing:2.1pt;"> </font>president,<font style="letter-spacing:1.85pt;"> </font>without<font style="letter-spacing:1.25pt;"> </font>full committee<font style="letter-spacing:1.95pt;"> </font>meeting<font style="letter-spacing:2.15pt;"> </font>as<font style="letter-spacing:0.3pt;"> </font>transaction<font style="letter-spacing:2.2pt;"> </font>is<font style="letter-spacing:0.6pt;"> </font>below<font style="letter-spacing:1.3pt;"> </font>threshold<font style="letter-spacing:1.75pt;"> </font>for<font style="letter-spacing:0.5pt;"> </font>Mr.<font style="letter-spacing:0.9pt;"> </font>Dove&#8217;s<font style="letter-spacing:1.4pt;"> </font>approval.)</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:40%;">
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APPROVED</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman, Heritage Global, Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&#160;&#160;&#160;<font style="text-decoration:underline;">January 19, 2016</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<hr style="page-break-after:always;width:100%;">
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_AEIOULastRenderedPageBreakAEIOU4"></a><img src="g2016110417383574410129.jpg" title="" alt="" style="width:279px;height:82px;"><font style="font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"></font></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">January<font style="letter-spacing:2pt;"> </font>12,<font style="letter-spacing:1.35pt;"> </font>2016</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">DEAL</font><font style="text-decoration:underline;letter-spacing:1.1pt;"> </font><font style="text-decoration:underline;">FINANCING</font><font style="text-decoration:underline;letter-spacing:2.5pt;"> </font><font style="text-decoration:underline;">MEMORANDUM</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deal name:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">XBiotech<font style="letter-spacing:2.25pt;"> </font>USA,<font style="letter-spacing:1.45pt;"> </font>Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Location:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Austin,<font style="letter-spacing:2.1pt;"> </font>Texas</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Description:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Purchase<font style="letter-spacing:2.35pt;"> </font>for<font style="letter-spacing:0.65pt;"> </font>resale<font style="letter-spacing:1.75pt;"> </font>of<font style="letter-spacing:0.15pt;"> </font>pharmaceutical<font style="letter-spacing:-0.5pt;"> </font>tabletop<font style="letter-spacing:1.55pt;"> </font>lab<font style="letter-spacing:0.6pt;"> </font>equipment,<font style="letter-spacing:2.2pt;"> </font>including<font style="letter-spacing:2.25pt;"> </font>but<font style="letter-spacing:0.9pt;"> </font>not necessarily <font style="letter-spacing:0.45pt;">limited</font><font style="letter-spacing:1.4pt;"> </font>an<font style="letter-spacing:-0.95pt;"> </font>FPLC,<font style="letter-spacing:1.55pt;"> </font>PCR<font style="letter-spacing:1.45pt;"> </font>System<font style="letter-spacing:0.2pt;"> </font>and<font style="letter-spacing:-0.15pt;"> </font>centrifuges<font style="letter-spacing:0.45pt;"> </font>(benchtop<font style="letter-spacing:-0.1pt;"> </font>and<font style="letter-spacing:-0.65pt;"> </font>floor)<font style="letter-spacing:0.5pt;"> </font>models (collectively,<font style="letter-spacing:2.85pt;"> </font>the<font style="letter-spacing:1pt;"> </font>&#8220;Assets&#8221;). <font style="letter-spacing:1.6pt;"> </font>Assets<font style="letter-spacing:1.5pt;"> </font>to<font style="letter-spacing:0.75pt;"> </font>be<font style="letter-spacing:0.55pt;"> </font>resold<font style="letter-spacing:1.85pt;"> </font>on<font style="letter-spacing:0.4pt;"> </font>or<font style="letter-spacing:0.6pt;"> </font>about<font style="letter-spacing:1.05pt;"> </font>January<font style="letter-spacing:2.25pt;"> </font>18,<font style="letter-spacing:0.65pt;"> </font>2016.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Price:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;letter-spacing:-0.1pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$22,000 for all assets.&#160;&#160;&#160;&#160;&#160;Assets to be purchased by Heritage Global Partners, Inc. (&#8220;HGP&#8221;).&#160;&#160;&#160;&#160;&#160;HGP is a wholly-owned&nbsp;&nbsp;subsidiary of Heritage Global Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Source of</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Zel<font style="letter-spacing:0.55pt;"> </font>Dove<font style="letter-spacing:1.4pt;"> </font>Trust<font style="letter-spacing:1.45pt;"> </font>UAD<font style="letter-spacing:1.05pt;"> </font>10/31/2006</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#0F0F0F;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Amount:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$22,000</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funding&#160;Date:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1/13/16</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10%<font style="letter-spacing:1pt;"> </font>per<font style="letter-spacing:1.2pt;"> </font>annum<font style="letter-spacing:1.9pt;"> </font>on<font style="letter-spacing:0.65pt;"> </font>outstanding<font style="letter-spacing:2.15pt;"> </font>balance.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payable<font style="letter-spacing:2.15pt;"> </font>in<font style="letter-spacing:0.5pt;"> </font>full<font style="letter-spacing:0.85pt;"> </font>with<font style="letter-spacing:0.95pt;"> </font>all<font style="letter-spacing:0.4pt;"> </font>accrued<font style="letter-spacing:2.05pt;"> </font>interest<font style="letter-spacing:1.7pt;"> </font>within<font style="letter-spacing:1pt;"> </font>90<font style="letter-spacing:1.1pt;"> </font>days.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Security:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">First<font style="letter-spacing:1.35pt;"> </font>priority<font style="letter-spacing:1.9pt;"> </font>security<font style="letter-spacing:1.65pt;"> </font>interest<font style="letter-spacing:1.55pt;"> </font>in<font style="letter-spacing:0.7pt;"> </font>all<font style="letter-spacing:0.45pt;"> </font>Assets.<font style="letter-spacing:1.55pt;"> </font>Funds<font style="letter-spacing:1.55pt;"> </font>to<font style="letter-spacing:0.35pt;"> </font>be<font style="letter-spacing:0.75pt;"> </font>repaid<font style="letter-spacing:1.75pt;"> </font>with<font style="letter-spacing:0.65pt;"> </font>interest<font style="letter-spacing:1.7pt;"> </font>from the<font style="letter-spacing:1.1pt;"> </font>distribution(s) of<font style="letter-spacing:0.5pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.25pt;"> </font>portion<font style="letter-spacing:1.85pt;"> </font>of<font style="letter-spacing:0.4pt;"> </font>proceeds<font style="letter-spacing:2.2pt;"> </font>resulting<font style="letter-spacing:1.5pt;"> </font>from<font style="letter-spacing:1.35pt;"> </font>the<font style="letter-spacing:0.55pt;"> </font>resale<font style="letter-spacing:1.8pt;"> </font>of<font style="letter-spacing:0.45pt;"> </font>the Assets<font style="letter-spacing:1.95pt;"> </font>prior<font style="letter-spacing:1.15pt;"> </font>to<font style="letter-spacing:0.75pt;"> </font>any<font style="letter-spacing:0.85pt;"> </font>proceeds<font style="letter-spacing:2.45pt;"> </font>being<font style="letter-spacing:1.7pt;"> </font>retained<font style="letter-spacing:1.45pt;"> </font>by<font style="letter-spacing:0.75pt;"> </font>HGP.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investment<font style="letter-spacing:0.15pt;"> </font>Committee</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Approval:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 22,<font style="letter-spacing:0.8pt;"> </font>2015.&nbsp;&nbsp;<font style="letter-spacing:1.05pt;"> </font>(Approved<font style="letter-spacing:2.3pt;"> </font>by<font style="letter-spacing:0.85pt;"> </font>Kirk<font style="letter-spacing:1pt;"> </font>Dove,<font style="letter-spacing:1.55pt;"> </font>HGP&#8217;s<font style="letter-spacing:1.55pt;"> </font>president,<font style="letter-spacing:1.9pt;"> </font>without<font style="letter-spacing:1.6pt;"> </font>full committee<font style="letter-spacing:2.65pt;"> </font>meeting<font style="letter-spacing:2.15pt;"> </font>as<font style="letter-spacing:0.4pt;"> </font>transaction<font style="letter-spacing:2.5pt;"> </font>is<font style="letter-spacing:0.85pt;"> </font>below<font style="letter-spacing:1.3pt;"> </font>threshold<font style="letter-spacing:1.75pt;"> </font>for<font style="letter-spacing:0.5pt;"> </font>Mr.<font style="letter-spacing:1pt;"> </font>Dove&#8217;s<font style="letter-spacing:2pt;"> </font>approval.)</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:40%;">
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APPROVED</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allan Silber</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman, Heritage Global, Inc.</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&#160;&#160;&#160;<font style="text-decoration:underline;">January 19, 2016</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>hgbl-ex102_16.htm
<DESCRIPTION>EX-10.2
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>
hgbl-ex102_16.htm
</title>
</head>
<!-- NG Converter v4.0.5.2 -->
<body>

<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="g2016110417383626910355.jpg" title="" alt="" style="width:279px;height:82px;"></p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">August 17, 2016</p>
<p style="text-align:center;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">DEAL FINANCING MEMORANDUM</font></p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div>
<table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;">
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Deal name:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Sanofi-Aventis U.S. LLC</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Location:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Kansas City, Missouri</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Description:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Purchase for resale of entire personal property contents of a 690,000 SF pharmaceutical manufacturing facility, including but not necessarily limited to multiple production lines and specialized equipment, laboratory equipment, processing machinery and equipment and facility support equipment on a wall-to-wall, ceiling-to-floor basis (collectively, the "Assets"). Assets to be resold commencing late September, 2016.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Price:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$3,885,000 for all assets. Heritage Global Partners, Inc. ("HGP"), a wholly-owned subsidiary of Heritage&#160;Global&#160;Inc., will purchase a 25% undivided interest in the Assets for $971,250.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Source of</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funds:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="bottom"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Dove Holdings Corporation&#160;&#160;$250,000</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Ross Dove (individually) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$300,000</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Balance of funds to be provided by HGP internally.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Funding&#160;Date:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8/19/16</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Interest:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10% per annum on outstanding balance.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Term:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Payable in full with all accrued interest within 180 days.</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td valign="top"  style="width:12%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Security:</p></td>
<td valign="top"  style="width:1%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:87%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">First priority security interest in HGP's 25% undivided interest in the Assets. Funds to be repaid to The&#160;Dove&#160;Holdings&#160;Corporation and Ross Dove <font style="font-style:italic;">pari passu </font>with interest from the distribution(s) of HGP's portion of proceeds resulting from the resale of the Assets prior to any proceeds being retained by HGP.</p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
<div align="left">
<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:40%;">
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Investment Committee</p></td>
</tr>
<tr>
<td valign="top"  style="width:29.8%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Approval:</p></td>
<td valign="top"  style="width:2.7%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
<td valign="top"  style="width:67.5%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">August 17, 2016.</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">APPROVED</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%; border-bottom:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">/s/ Allan Silber</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%; border-top:solid 0.75pt #000000;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Allan Silber</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Chairman, Heritage Global Inc.</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:12pt;">&nbsp;</p></td>
</tr>
<tr>
<td colspan="3" valign="top"  style="width:100%;">
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date:&#160;&#160;&#160;<font style="text-decoration:underline;">August 17, 2016</font></p></td>
</tr>
</table></div>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="margin-top:12pt;margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p></body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g2016110417383568010128.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g2016110417383568010128.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 1@# 2(  A$! Q$!_\0
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M!)'H.G*Z]#]G7C]*(M1;DMV2X)GS]H?@IM1:)M/5M;N0=DBQ;H[2'W>4\O\
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M+#(M83] *7-5[(+$JO:HVY9(5)&"0P'%-D-G+]]H'!&#NP>*9_9=C_SZ0_\
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M6_/:/QK.M/%&HCP'9ZD]N[WL3BWOP(R[0%20[E%Y."!D#^]GM75M80_VH-0
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M<'V96FF9_P!W_=P3C'H.U2V_A?3;;3KK3U6=[.Y0QM!).S(B'^%03\HY[4:
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$* /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g2016110417383551210126.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g2016110417383551210126.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 1@# 2(  A$! Q$!_\0
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M!)'H.G*Z]#]G7C]*(M1;DMV2X)GS]H?@IM1:)M/5M;N0=DBQ;H[2'W>4\O\
M1/SKW;POX3BT"-IIIS=:A*JI+<,  J#I&@'W4!Z"NCCMXH5"11JB#HJC 'X"
MG-M48) !XY-#DV-12*=V+.\M)K6:5#'*A1PLFTX/!P0<BN/_ .%6>!<DM9A\
M]=UTQS^M=@VFV*@L;6$8Y)*U%;6NE7D"SVT5M-$W22/!!Q[UASUD]"K(S]"\
M,^'?#3S/I4:P&8!7S.6! Z=3Q6Y]JM\8\^/_ +Z%0'3K$''V6'/88'-+_9EE
M_P ^D/\ WS2YJO9 <E<?#+P5=W<EU/:[YI6+.QNF^;/X]*O:3X)\)Z#J,=_I
M\"07$>0K?:&(&1CH3BM\:79_\^D/_?(H_LFQ/_+G#_WR*?/6M8+(51I\<QF4
M6R2MUD 4,?QIHATOSO-$=IYH.[?M7<#ZYIS:;9][2'_OD4P6-@6*BW@W#J !
MD47J^0$K-9F;S2T!DQ@.<;OSICI82R&23[-(Q&,N%)_.C^S;+J;2+_OFD&G6
M+#(M83] *7-5[(+$JO:HVY9(5)&"0P'%-D-G+]]H'!&#NP>*9_9=C_SZ0_\
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M6_/:/QK.M/%&HCP'9ZD]N[WL3BWOP(R[0%20[E%Y."!D#^]GM75M80_VH-0
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M<'V96FF9_P!W_=P3C'H.U2V_A?3;;3KK3U6=[.Y0QM!).S(B'^%03\HY[4:
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$* /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g2016110417383561510127.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g2016110417383561510127.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 1@# 2(  A$! Q$!_\0
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M!)'H.G*Z]#]G7C]*(M1;DMV2X)GS]H?@IM1:)M/5M;N0=DBQ;H[2'W>4\O\
M1/SKW;POX3BT"-IIIS=:A*JI+<,  J#I&@'W4!Z"NCCMXH5"11JB#HJC 'X"
MG-M48) !XY-#DV-12*=V+.\M)K6:5#'*A1PLFTX/!P0<BN/_ .%6>!<DM9A\
M]=UTQS^M=@VFV*@L;6$8Y)*U%;6NE7D"SVT5M-$W22/!!Q[UASUD]"K(S]"\
M,^'?#3S/I4:P&8!7S.6! Z=3Q6Y]JM\8\^/_ +Z%0'3K$''V6'/88'-+_9EE
M_P ^D/\ WS2YJO9 <E<?#+P5=W<EU/:[YI6+.QNF^;/X]*O:3X)\)Z#J,=_I
M\"07$>0K?:&(&1CH3BM\:79_\^D/_?(H_LFQ/_+G#_WR*?/6M8+(51I\<QF4
M6R2MUD 4,?QIHATOSO-$=IYH.[?M7<#ZYIS:;9][2'_OD4P6-@6*BW@W#J !
MD47J^0$K-9F;S2T!DQ@.<;OSICI82R&23[-(Q&,N%)_.C^S;+J;2+_OFD&G6
M+#(M83] *7-5[(+$JO:HVY9(5)&"0P'%-D-G+]]H'!&#NP>*9_9=C_SZ0_\
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M6_/:/QK.M/%&HCP'9ZD]N[WL3BWOP(R[0%20[E%Y."!D#^]GM75M80_VH-0
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M<'V96FF9_P!W_=P3C'H.U2V_A?3;;3KK3U6=[.Y0QM!).S(B'^%03\HY[4:
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$* /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g2016110417383574410129.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g2016110417383574410129.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 1@# 2(  A$! Q$!_\0
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M!)'H.G*Z]#]G7C]*(M1;DMV2X)GS]H?@IM1:)M/5M;N0=DBQ;H[2'W>4\O\
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M+#(M83] *7-5[(+$JO:HVY9(5)&"0P'%-D-G+]]H'!&#NP>*9_9=C_SZ0_\
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M6_/:/QK.M/%&HCP'9ZD]N[WL3BWOP(R[0%20[E%Y."!D#^]GM75M80_VH-0
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M<'V96FF9_P!W_=P3C'H.U2V_A?3;;3KK3U6=[.Y0QM!).S(B'^%03\HY[4:
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$* /_V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g2016110417383626910355.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g2016110417383626910355.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !3 1@# 2(  A$! Q$!_\0
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M!)'H.G*Z]#]G7C]*(M1;DMV2X)GS]H?@IM1:)M/5M;N0=DBQ;H[2'W>4\O\
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M+#(M83] *7-5[(+$JO:HVY9(5)&"0P'%-D-G+]]H'!&#NP>*9_9=C_SZ0_\
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M6_/:/QK.M/%&HCP'9ZD]N[WL3BWOP(R[0%20[E%Y."!D#^]GM75M80_VH-0
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M<'V96FF9_P!W_=P3C'H.U2V_A?3;;3KK3U6=[.Y0QM!).S(B'^%03\HY[4:
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$* /_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
