# EDGAR Filing Document

**Accession Number:** 0001734118
**File Stem:** 0001214659-26-001295
**Filing Date:** 2026-2
**Character Count:** 625121
**Document Hash:** 2664ec8c22cfcf66dd3b792f40f55b0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-26-001295.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001214659-26-001295

**CONFORMED SUBMISSION TYPE**: 1-SA

**PUBLIC DOCUMENT COUNT**: 17

**CONFORMED PERIOD OF REPORT**: 20240630

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CERES Coin LLC
- **CENTRAL INDEX KEY:** 0001734118
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 823602143
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-SA
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 24R-00528
- **FILM NUMBER:** 26608307

**BUSINESS ADDRESS:**
- **STREET 1:** C/O CM SOLUTIONS LLC
- **STREET 2:** 253 N. BARFIELD DR.
- **CITY:** MARCO ISLAND
- **STATE:** FL
- **ZIP:** 34145
- **BUSINESS PHONE:** 331-276-2561

**MAIL ADDRESS:**
- **STREET 1:** C/O CM SOLUTIONS LLC
- **STREET 2:** 253 N. BARFIELD DR.
- **CITY:** MARCO ISLAND
- **STATE:** FL
- **ZIP:** 34145

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 1-SA**

**SPECIAL FINANCIAL REPORT PURSUANT TO REGULATION A** 

**OF THE SECURITIES ACT OF 1933**

**For the semiannual fiscal period ended June 30, 2024**

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| |
|:---|
| **CERES COIN LLC** |
| (Exact name of issuer as specified in its charter) |

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| | |
|:---|:---|
| **Delaware** | **82-3602143** |
| (State or other jurisdiction of incorporation<br> or organization) | (I.R.S. Employer Identification No.) |

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| |
|:---|
| **C/O CM Solutions LLC, 332 S. Michigan Ave., Suite 121-F7 Chicago, IL 60604** |
| (Full mailing address of principal executive offices) |

---

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| |
|:---|
| **331-276-2561** |
| (Issuer's telephone number, including area code) |

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| |
|:---|
| **Tokens and Coins of the Company** |
| (Title of each class of securities issued pursuant to Regulation A) |

---

 

In this semi-annual report, the term "CERES," "we," "us" "our" or "the company" refers to CERES Coin, LLC, a Delaware limited liability company.

The following information contains certain forward-looking statements. Forward-looking statements are statements that estimate the happening of future events and are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may," "could," "expect," "estimate," "anticipate," "plan," "predict," "probable," "possible," "should," "continue," or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements

**ITEM 1. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

**Overview**

CERES Coin LLC ("CERES", the "Company") is a Delaware limited liability company formed on November 13, 2017, and, as of June 30, 2024, was as a single-member, manager-managed entity with a perpetual term. The Company's headquarters are in Marco Island, Florida.

As of the filing date, the Company's principal business is the development, issuance, and management of CERES Coin, a patented, yield-generating stablecoin that tokenizes shares of a U.S. Government Money Market Fund invested primarily in U.S. Treasuries. Transactions are effected pursuant to a Sub-Transfer Agency and Services Agreement with the fund's transfer agent (the "Sub-TA Agreement"). Under the Sub-TA Agreement, investor purchases are settled into shares of a U.S. government money market fund (the "fund") held at the fund's custodian; CERES acts solely as sub-transfer agent and on-chain recordkeeper and does not acquire or custody the underlying assets. This provides holders with a stable net asset value (NAV) of $1 per coin, potential yields of 2-3% based on fund performance, and fee-free peer-to-peer (P2P) transfers on a private blockchain (Hyperledger Fabric), with planned migration to public blockchains like Ethereum. CERES Coin is structured and will be offered as a security under U.S. federal securities laws, and any issuance, transfer, or redemption will occur only in compliance with applicable federal and state securities and other laws.

Protected by U.S. patents (US 12,141,769 for tokenizing SEC-registered securities; US 11,055,677 for managing tokenized securities with smart contracts; US 11,797,955 for securing transactions with multi-factor authentication and tamper-proof records), the technology enables secure, auditable transactions, positioning the Company to address inefficiencies in traditional systems, such as $521 billion in annual federal fraud (e.g., $10 billion in Supplemental Nutrition and Subsistence Program ("SNAP") overpayments, $80 billion in Medicaid improper payments, and Federal Emergency Management Agency ("FEMA") delays.

The Company's principal product is CERES Coin, a digital asset designed for instant, transparent peer-to-peer transfers and payments, supported by a 1:1 reserve model that is implemented through a sub-transfer-agency relationship with a U.S. government money market fund; separately, the Company has issued CERES Tokens, which are investment instruments that provide investors exposure to the Company and are not used for payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **CERES Coin (Product / Payments):** CERES Coin is the Company's core
operating product. Transactions are effected pursuant to a Sub-Transfer Agency and Services Agreement with the fund's transfer agent
(the "Sub-TA Agreement"). Under the Sub-TA Agreement, investor purchases are settled into shares of a U.S. government money
market fund held at the fund's custodian. The Company acts solely as sub-transfer agent and on-chain recordkeeper; it does not acquire,
hold, or custody the underlying fund assets. CERES Coin is intended to maintain stable value and enable near-instant settlement for payments
and transfers. Coin holders do not receive governance or equity rights in the Company by virtue of holding the coin. Issuance, transfer,
redemption, and any applicable fees are administered under the Sub-TA Agreement and related program documents, subject to Know Your Customer/Anti
Money Laundering ("KYC/AML") and other applicable laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **CERES Token (Investment in the Company):** CERES Token is a separate digital
security-like instrument that represents an investment exposure to the Company, not to the coin reserves or the underlying fund. CERES
Tokens have been, and may in the future be, offered in transactions conducted in compliance with U.S. securities laws, as described in
the applicable offering materials and the Token Rights Agreement. Token holders may have contractual economic rights as set forth in those
documents, but no claim to the assets that support CERES Coin and no right to use the token for payments on the network. The token is
not a deposit, not a money-market fund share, and not backed by a 1:1 reserve.

Holding CERES Coin does not provide any claim on the Company's profits, equity, or on CERES Token rights. Holding CERES Tokens does not provide any claim on the coin reserves or the money market fund shares used in the CERES Coin program. Program reserves and investor proceeds are administered under separate agreements (including the Sub-TA Agreement for CERES Coin and the Token Rights Agreement/related offering documents for CERES Token).

The Company understands the principal markets include:

1) **Government services for efficient disbursements**: (U.S. federal outlays ≈ $6.1 trillion in FY2023 [Source: Office of Management and Budget/Historical Tables]; SNAP ≈ 41 million participants and ≈ $100 billion in benefits in FY2024 [Source: US Department of Agriculture]; Medicare ≈ $1.0 trillion and Medicaid ≈ $0.9 trillion in 2023 [Source Centers for Medicare and Medicaid Services ("CMS") ; Social Security ≈ $1.35 trillion in FY2023 [Source: Social Security Administration Trustees]; state & local direct general expenditures >$3.7 trillion [Source: U.S. Census]);

2) **Institutional capital for compliant yield:** (money market fund Assets Under Management ("AUM") ≈ $6.5–$7.0 trillion in 2024 [Source: Investment Company Institute/industry data]; on-chain/tokenized Treasuries > $1 billion and growing; multiple industry/analyst forecasts project tokenized cash-equivalents and bonds in the hundreds of billions by 2030 [Source: Bank for International Settlements/industry outlooks]);

3) **Retail payments for zero-fee disruption**: (U.S. retail sales >$7 trillion in 2023 [Source: U.S. Census]; non-cash now >80% of consumer payments by number [Source: Federal Reserve—Diary of Consumer Payment Choice]; P2P networks ≈ $1.0+ trillion in 2023—Zelle ≈ $806B and Venmo ≈ $245B [Source: Early Warning (Zelle) and PayPal filings]); and

4) **Closed-loop ecosystems for corporate efficiency:** (merchant card processing fees ≈ $170+ billion in 2023 [Source: Nilson Report]; notable sector losses, e.g., U.S. retail shrink ≈ $112B in 2022 [Source: National Retail Federation]; U.S. healthcare spend ≈ $4.5–$4.9 trillion [Source: Centers for Medicare and Medicaid Services /National Health Expenditure]).

Distribution occurs through compliant fintech platforms, exchanges, mobile apps, and partnerships, emphasizing programmability, interoperability, and alignment with the Department of Government Efficiency (DOGE)'s waste reduction goals. Competitors like Circle's Stablecoin, USDC ($60 billion supply, 78% YoY growth) and Tether's Stablecoin, USDT ($144 billion AUM) lack yield and face regulatory hurdles, while CERES differentiates via patents, SEC qualification, U.S. domicile, and infinite AUM capacity.

**<u>Development Stage Company</u>:**

The company was formed as a Delaware limited liability company in November of 2017. Since inception CERES became one of the few digital asset companies to gain SEC approval for qualification for exemption from registration under Regulation A of JOBS Act. The normal process to a Regulation A filing is 2-3 months. It took CERES 2 years, 3months, and 11 days from initial filing to notice of approval. During that time CERES answered over 250 comments from the SEC. The company's proposed and limited levels of operations are subject to all business risks associated with new enterprises. The likelihood of the company's success must be considered in light of the problems, expenses, difficulties, complications, and delays frequently encountered in connection with the expansion of a business, operation in a competitive industry, and the continued development of business operations, many of which are beyond the control of the company and its management. Accordingly, there is a significant possibility that the company could sustain one or more significant losses in the future, and there can be no assurances that the company will operate profitably. The consulting agreement with Columbia Car has helped the cash position for the company.

**Results of Operations**

During the period ended June 30, 2024, the Company generated $180,000 in consulting revenues from a single client on a month-to-month fixed retainer basis related to financial technology advisory services. Revenues remained concentrated with one customer and were not related to the Company's future operations. Operating expenses included software and platform development costs of $315,077, payroll expenses of $112,780, and increased legal and compliance fees for the pivot to stablecoin development and administrative costs, totaling $185,025. No significant components of revenues or expenses existed beyond development and consulting, with no unusual events impacting results.

During the period ended June 30, 2023, the Company generated $90,000 in consulting revenues from a single client on a month-to-month fixed retainer basis related to financial technology advisory. This marked the initial revenue stream, though amounts were limited and concentrated with one customer and were not related to the Company's future operations. Operating expenses included administrative costs totaling $43,223. No significant components of revenues or expenses existed beyond development and consulting, with no unusual events impacting results.

The Company incurred a net loss during the 2024 period and a small net income in the 2023 period, resulting in substantial doubt about the entity's ability to continue as a going concern. This situation indicates the Company may require capital infusions to settle liabilities and realize assets.

**Liquidity and Capital Resources**

Liquidity in 2024 was supported by member contributions totaling approximately $312,000, which were used to pay Company expenses resulting in cash used in operating activities of approximately $4,000. Liquidity in 2023 was maintained through Company operations, with the approximately $43,000 in cash provided by operating activities adding to the Company's existing cash reserves.

Cash balances may have exceeded Federal Deposit Insurance Corporation (FDIC) limits at times, but management deemed the risk insignificant.

No material unused liquidity sources existed, and the Company had no outstanding debt under its renewed $500,000 unsecured revolving promissory note with CM Solutions LLC (5% interest, matured annually and renewed), a related party. To address liquidity deficiencies, the Company has historically relied on member contributions and plans to raise capital via token issuances and partnerships. No material capital expenditure commitments existed, but needs included technology and marketing, funded by financing proceeds.

**Indebtedness**

During the year of formation, 2018, the company borrowed $230,000 from four lenders. The borrowings were structured pursuant to a private investment agreement. The borrowings are unsecured. The creditors have the option of being repaid in cash or upon a qualified financing event may convert their loans to tokens issued by the Company in a ratio stipulated by the private investment agreement offering circular.

For the six month periods ended June 30, 2024 and 2023, there were no incurrences of new debt.

**Trends**

During the next 6-12 months the company intends to take the following actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Raise capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Continue to engage state regulators across the nation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Commence principal operations.

In order to achieve these actions, the Company has and will continue to raise additional funding. The company expects to complete this necessary funding during 2026.

**ITEM 2. OTHER INFOMRATION**

None.

**ITEM 3. FINANCIAL STATEMENTS**

The accompanying semiannual financial statements are unaudited and have been prepared in accordance with the instructions to Form 1-SA. Therefore, they do not include all information and footnotes necessary for a complete presentation of financial position, results of operations, cash flows, and stockholders' equity in conformity with accounting principles generally accepted in the United States of America. Except as disclosed herein, there has been no material change in the information disclosed in the notes to the financial statements included in the Company's Annual Report on Form 1-K for the year ended December 31, 2023. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations and financial position have been included, and all such adjustments are of a normal recurring nature. Operating results for the six months ended June 30, 2024 are not necessarily indicative of the results that can be expected for the year ending

December 31, 2024.

**<u>CERES COIN LLC</u>**

**<u>CONDENSED BALANCE SHEETS</u>**

**<u>JUNE 30, 2024 AND DECEMBER 31, 2023</u>**

**<u>UNAUDITED</u>**

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| | | |
|:---|:---|:---|
|  | **June 30,**<br>**2024** | **December 31,**<br>**2023** |
| Assets |  |  |
| Current assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $5 | $4322 |
| Total current assets | 5 | 4322 |
| Total assets | $5 | $4322 |
| Liabilities and Member's Deficit |  |  |
| Liabilities |  |  |
| Current liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable | $230119 | $68989 |
| &nbsp;&nbsp;&nbsp;Accrued expenses | 9133 |  |
| &nbsp;&nbsp;&nbsp;Accrued expenses - related party (Note 3) | 287945 | 341177 |
| &nbsp;&nbsp;&nbsp;Tokens outstanding | 25000 | 25000 |
| &nbsp;&nbsp;&nbsp;Private investment agreements | - | 230000 |
| Total current liabilities | 552197 | 665166 |
| Total liabilities | 552197 | 665166 |
| Commitments and contingencies (Note 4) |  |  |
| Member's deficit | (552192) | (660844) |
| Total liabilities and member's deficit | $5 | $4322 |

---

The accompanying notes are an integral part of these condensed financial statements.

**<u>CERES COIN LLC</u>**

**<u>CONDENSED STATEMENTS OF OPERATIONS</u>**

**<u>SIX MONTHS ENDED JUNE 30, 2024 AND 2023</u>**

**<u>UNAUDITED</u>**

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| | | |
|:---|:---|:---|
|  | **June 30,** | **June 30,** |
|  | **2024** | **2023** |
| Consulting revenue | $180000 | $90000 |
| Operating expenses |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative | 11501 | 43223 |
| &nbsp;&nbsp;&nbsp;Payroll expenses | 112780 |  |
| &nbsp;&nbsp;&nbsp;Professional fees | 173524 |  |
| &nbsp;&nbsp;&nbsp;Software and platform development | 315077 | - |
| Total operating expenses | 612882 | 43223 |
| Income (loss) from operations | (432882) | 46777 |
| Other expense |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (297) | - |
| Total other expense | (297) | - |
| Net income (loss) | $(433179) | $46777 |

---

The accompanying notes are an integral part of these condensed financial statements.

**<u>CERES COIN LLC</u>**

**<u>CONDENSED STATEMENTS OF MEMBER'S DEFICIT</u>**

**<u>SIX MONTHS ENDED JUNE 30, 2024 AND 2023</u>**

**<u>UNAUDITED</u>**

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| | |
|:---|:---|
|  | **Member's**<br>**Deficit** |
| Balance at December 31, 2022 | $(760000) |
| &nbsp;&nbsp;&nbsp;Net income | 46777 |
| Balance at June 30, 2023 | (713223) |
| Balance at December 31, 2023 | $(660844) |
| &nbsp;&nbsp;&nbsp;Expenses paid by Member | 311831 |
| &nbsp;&nbsp;&nbsp;Settlement of private investment agreements | 230000 |
| &nbsp;&nbsp;&nbsp;Net loss | (433179) |
| Balance at June 30, 2024 | $(552192) |

---

The accompanying notes are an integral part of these condensed financial statements.

**<u>CERES COIN LLC</u>**

**<u>CONDENSED STATEMENTS OF CASH FLOWS</u>**

**<u>SIX MONTHS ENDED JUNE 30, 2024 AND 2023</u>**

**<u>UNAUDITED</u>**

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| | | |
|:---|:---|:---|
|  | **June 30,** | **June 30,** |
|  | **2024** | **2023** |
| Operating activities |  |  |
| &nbsp;&nbsp;&nbsp;Net income (loss) | $(433179) | $46777 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expenses paid by Member | 311831 |  |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 161130 | 4531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses | 9133 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses - related party | (53232) | (8378) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in (provided by) operating activities | (4317) | 42930 |
| Investing activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by investing activities | - | - |
| Financing activities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities | - | - |
| Net increase (decrease) in cash | $(4317) | $42930 |
| Cash - beginning of period | 4322 | 9688 |
| Cash - end of period | $5 | $52618 |
| Cash paid for income taxes | $- | $- |
| Cash paid for interest | $- | $- |
| Supplemental schedule of non-cash investing and financing activities |  |  |
| &nbsp;&nbsp;&nbsp;Settlement of private investment agreements | $230000 | $- |

---

The accompanying notes are an integral part of these condensed financial statements.

**<u>CERES COIN LLC</u>**

**<u>NOTES TO CONDENSED FINANCIAL STATEMENTS</u>**

**Note 1 – Background and Description of Business**

CERES Coin LLC (the Company or CERES) was incorporated on November 13, 2017, in the state of Delaware as a perpetual limited liability corporation. The Company is a single member Limited Liability Company.

The Company has headquarters in Marco Island, Florida. The Company is a financial-technology firm focused on the development of blockchain-enabled payment and digital-asset infrastructure. The Company's principal product, CERES Coin, is designed to function as a tokenized representation of shares in a U.S. government money market fund through a sub-transfer-agency structure. The Company does not custody underlying fund assets and acts solely as a sub-transfer agent and on-chain recordkeeper. The Company's technology is supported by several issued U.S. patents related to the tokenization and management of digital representations of regulated financial assets. During 2024, the Company continued platform development and limited consulting activities as it advanced toward launching its stablecoin and related technology.

The Company has not yet commenced principal operations.

**Note 2 – Summary of Significant Accounting Policies**

<u>Basis of Presentation</u>

The accompanying interim unaudited condensed financial statements and footnotes have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP) for interim financial information and the instructions to Rule 10-01 of Regulation S-X of the Securities and Exchange Commission (SEC). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, these unaudited condensed financial statements contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the results of the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full year ending December 31, 2024. These condensed financial statements should be read in conjunction with the audited financial statements and the notes thereto included in the Company's Annual Report on Form 1-K for the year ended December 31, 2023.

<u>Going Concern</u>

The Company's financial statements have been prepared assuming that the Company will continue as a going concern, which necessarily contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of the Company's activities. The Company's ability to continue as a going concern is also contingent upon its ability to raise capital. The Company has incurred significant expenses since its inception, some of which remain unpaid, without having generated any revenues from business operations during such period. As a result, a significant capital infusion is necessary to pay such expenses and to make the Company viable. These and other factors raise substantial doubt about the Company's ability to continue as a going concern. It should also be noted that the financial statements provided herein do not include any adjustment(s) that might be necessary should the Company be unable to continue as a going concern.

<u>Subsequent Events</u>

The Company has evaluated all transactions through the date the financial statements were issued for subsequent event disclosure or adjustment consideration.

**Note 3 – Related Party Transactions**

<u>CM Solutions LLC</u>

On January 1, 2019, the Company signed an unsecured revolving promissory note with CM Solutions, LLC, the Company's sole owner, to cover up to $500,000 at an interest rate of 5.00% per annum. The note matured at the earlier of (a) December 31, 2020 or (b) the closing date of a Qualified Financing event. As a qualifying financing event has not occurred, the note expired each December 31st thereafter and been subsequently renewed on each following January 1st using identical terms. As of June 30, 2024, and 2023, no balances were outstanding under the unsecured revolving promissory note and, as of the date of these financial statements, no funds have been drawn.

During the period ended June 30, 2024, and 2023, the Company paid $71,500 and $60,000, respectively, to CM Solutions LLC and received cash advances from CM Solutions LLC of $17,500 and $53,000, respectively. The payments to CM Solutions LLC represent payments to two managers of the Company. During the periods ended June 30, 2024, and 2023, the Company paid $150 and $844, respectively, in vendor invoices on behalf of CM Solutions. The Company invoiced CM Solutions LLC for these payments, resulting in an offset to charges for the Company's operating expenses. During the period ended June 30, 2024, CM Solutions LLC paid $888 in vendor invoices on behalf of the Company.

At June 30, 2024, and December 31, 2023, the Company owed CM Solutions LLC $64,165 and $117,397, respectively.

<u>Cool Mellon LLC</u>

During the period ended June 30, 2023, the Company paid $535 in vendor invoices on behalf of Cool Mellon LLC. The Company invoiced Cool Mellon for these payments, resulting in an offset to charges for the Company's operating expenses.

At June 30, 2024, and 2023, the Company owed Cool Mellon LLC $223,780.

<u>Clearfield Communications LLC</u>

During the period ended June 30, 2024, Clearfield Communications LLC, a former member of the Company, made contributions totaling $281,831.

During the period ended December 31, 2024, Clearfield Communications LLC entered into employment agreements with members of Company management related to services to be performed for CERES. Payroll related expenses, totaling approximately $113,000, were allocated to CERES by Clearfield Communications LLC.

<u>Private Investment Agreement</u>

As of December 31, 2023, a member of management had a Private Investment Agreement (Note 5) with an outstanding balance of $80,000, which is included in the total Private Investment Agreements balance reported on the Balance Sheets.

**Note 4 – Commitments and Contingencies**

From time to time, the Company may be involved in litigation in the ordinary course of business. The Company is not currently involved in any litigation that the Company believes could have a material adverse effect on its financial condition or results of operations.

On January 30, 2024, CM Solutions LLC, the sole member of the Company, entered into an agreement with Clearfield Communications, LLC (Clearfield) to exchange all outstanding equity interests in the Company.

On December 13, 2024, the Company, CM Solutions LLC, and Clearfield entered into a Transfer and Settlement Agreement (the T&S Agreement) to unwind the January 2024 transaction. Under the T&S Agreement, Clearfield transferred back to CM Solutions LLC: (i) 100% of the equity interests in the Company, (ii) the right to receive 42 million CERES Tokens as contemplated in a January 30, 2024 side letter, and (iii) all CERES Intellectual Property Assets, including patents, the domain name cerescoin.io, and software related to the Hyperledger Fabric blockchain platform, free and clear of all liens.

Additionally, CERES Coin LLC granted Clearfield a perpetual, non-exclusive license to use a clone of the Hyperledger Fabric platform for its stablecoin payment business, subject to restrictions prohibiting competition with the Company's stablecoin business, involvement in professional sports or stadium events, or substantial modifications to loyalty/reward programs.

The T&S Agreement included mutual releases of claims arising prior to the closing date, except for obligations surviving under the T&S Agreement, such as those in the New Side Letter, Restated Side Letter, and CERES Perpetual License. The parties agreed to potential future payments contingent on capital raises: if the Company or its transferee raises $2,500,000 or more, Clearfield and Greg Anderson would receive $240,000 and $10,000 from the Company, respectively; if less than $2,500,000 is raised, they would receive 10% of the capital raised and 10% of future gross revenues until a total of $250,000 is paid, after the Company settles existing Company liabilities enumerated in the agreement documents.

**Note 5 – Private Investment Agreements**

In February 2018, the Company authorized the issuance and sale of up to $20,000,000 worth of Private Investment Agreements (PIA) to accredited investors. The PIA's are unsecured and noninterest bearing. Proceeds from the PIA's are to be used to issue loans to third parties. The PIA investors, as a group, will be entitled to receive 80% of the proceeds, net of repayment of principal (PIA loan net income), generated by the loans. The amounts due to the PIA investors from loan net income will be recorded as liabilities and will be distributed semi-annually to the holders pari passu and pro rata.

In January 2024, CM Solutions LLC entered into Subscription and PIA Termination Agreements with four legacy PIA investors, including the member of management (Note 3). As consideration for terminating the PIAs, three investors each received (i) 800 CM Solutions LLC shares at $62.50 per share and (ii) a non-transferable right to subscribe for a fixed number of CERES Tokens (619,834 tokens each). A fourth investor received (i) 800 CM Solutions LLC shares at $62.50 per share and (ii) a right to subscribe for 991,735 CERES Tokens on the same basis. All parties released one another from their prior PIA obligations.

**Note 6 – Segment and Related Information**

The Company has one reportable segment. The Company derives revenue in North America and manages all business activities on a consolidated basis. The services offered are deployed to customers in a similar manner.

The Company's chief operating decision maker (CODM) is the Chief Executive Officer, who reviews financial information presented on a consolidated basis to allocate resources, evaluate financial performance and make overall operating decisions. The measure of segment profit or loss that is most consistent with the financial statements is net income. The accounting policies of our single reportable segment are the same as those for the financial statements. The level of disaggregation and amounts of significant segment expenses that are regularly provided to the CODM are the same as those presented in the statements of operations. Likewise, the measure of segment assets is reported on the balance sheets as total assets.

**Note 7 – Subsequent Events**

<u>February 2025 Amended Operating Agreement and CERES Token Issuance</u>

On February 21, 2025, CERES Coin LLC executed an Amended and Restated Operating Agreement, formalizing the company's governance structure following the T&S Agreement. This agreement confirmed CM Solutions LLC as the sole Member and established a Board of Managers including Charlie Uchill, Greg Anderson, Jesse Channon, Laird Bunch, and Matt Seal.

The Company has authorized up to 300,000,000 CERES Tokens under its amended Token Rights Agreement. In February 2025, the Company issued an aggregate of 210,000,000 CERES Tokens in a private placement conducted under Section 4(a)(2) of the Securities Act. Of these, 66,000,000 tokens were issued to CM Solutions LLC designees/token holders, 96,000,000 tokens to the Former Turtle Shark Group, and 48,000,000 tokens to Clearfield, pursuant to corresponding agreements. Following this issuance, 90,000,000 tokens remain authorized but unissued, available for future issuance subject to required approvals and applicable law.

<u>July 2025 Subscription Agreement</u>

On July 1, 2025, CERES Coin LLC, CM Solutions LLC, and an accredited investor, entered into a Subscription Agreement. The investor agreed to contribute $1,499,999.80 (the Subscribed Amount) in exchange for: (i) 125,000 equity units in the Company (2.50% equity stake) transferred from CM Solutions LLC, and (ii) 2,307,692 CERES Tokens issued by the Company at $0.65 per token, offered as restricted securities under Regulation D, Rule 506(b) of the Securities Act of 1933. The investor was also granted options to purchase additional equity units and CERES Tokens in three optional tranches, each for $1,500,000, exercisable by January 1, 2026, July 1, 2026, and January 1, 2027, respectively. If all optional tranches are exercised, the investor would receive a total of 200,000 equity units (4.0% equity stake) and 9,230,769 CERES Tokens for an aggregate contribution of $5,999,999. In connection with the T&S Agreement (Note 4), $110,000 of the proceeds from this transaction were paid to Clearfield ($105,600) and Greg Anderson ($4,400). The transaction was executed to support the Company's blockchain-related activities.

<u>January 2026 Subscription Agreement</u>

On January 10, 2026, CERES Coin LLC, CM Solutions LLC, and an accredited investor entered into a Subscription Agreement. The investor agreed to contribute $499,999.75 (the Subscribed Amount) in exchange for: (i) 12,500 equity units in the Company (.25% equity stake) transferred from CM Solutions LLC, and (ii) 384,615 CERES Tokens issued by the Company at $0.65 per token, offered as restricted securities under Regulation D, Rule 506(b) of the Securities Act of 1933. The investor was also granted options to purchase additional equity units and CERES Tokens in two optional tranches, each for $250,000, exercisable by April 10, 2026, and July 10, 2026 respectively. If all optional tranches are exercised, the investor would receive a total of 25,000 equity units (.50% equity stake) and 769,230 CERES Tokens for an aggregate contribution of $1,000,000. In connection with the T&S Agreement (Note 4), $50,000 of the proceeds from this transaction were paid to Clearfield ($48,000) and Greg Anderson ($2,000). The transaction was executed to support the Company's blockchain-related activities.

<u>January 2026 Line of Credit Agreement with Greg Anderson</u>

On January 1, 2026, CERES Coin LLC entered into an unsecured line of credit agreement (LOC) with Greg Anderson with proceeds to be used for general corporate purposes. The LOC provided a revolving line of credit in an aggregate principal amount not to exceed $100,000 accruing interest at 10% per annum. The LOC remains in effect until terminated and the lender may demand repayment of outstanding principal and interest with thirty days' written notice.

**ITEM 8. EXHIBITS**

**INDEX TO EXHIBITS**

The documents listed in the Exhibit Index of this report are incorporated by reference or are filed with this report, in each case as indicated below.

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Exhibit** |
| 2.A.1\* | [Certificate of Formation of the issuer, filed November 13, 2017](https://www.sec.gov/Archives/edgar/data/1734118/000121465919002747/filename3.htm) |
| 2.A.2\* | [Certificate of Formation of CM Solutions LLC (f/k/a "CM Warehouse Solutions"), filed March 3, 2016](https://www.sec.gov/Archives/edgar/data/1734118/000121465919002747/filename4.htm) |
| 2.A.3\* | [Certificate of Filing of CoolMellon, LLC filed September 8, 2014](https://www.sec.gov/Archives/edgar/data/1734118/000121465919002747/filename5.htm) |
| 2.A.4\* | [Certificate of Amendment of CM Solutions LLC, filed June 15, 2017](https://www.sec.gov/Archives/edgar/data/1734118/000121465919002747/filename6.htm) |
| 2.B.1 | [Amended and Restated Operating Agreement of the issuer, effective as of February 21, 2025](ex2_b1.htm) |
| 2.B.2 | [Amended and Restated Limited Liability Company Agreement of CM Solutions LLC, effective as of January 19, 2024](ex2_b2.htm) |
| 2.B.3 | [Amended and Restated Limited Liability Company Agreement of CoolMellon, LLC, effective as of July 11, 2025](ex2_b3.htm) |
| 3.A† | [Token Rights Agreement](https://www.sec.gov/Archives/edgar/data/1734118/000121465924004174/ex3a.htm) |
| 3.B\* | [Coin Rights Agreement](https://www.sec.gov/Archives/edgar/data/1734118/000121465920005994/ex1a_15b.htm) |
| 3.C\* | [Form of previously issued "Private Investment Agreements"](https://www.sec.gov/Archives/edgar/data/1734118/000121465919002747/filename12.htm) |
| 4.A\* | [Form of Subscription Agreement](https://www.sec.gov/Archives/edgar/data/1734118/000121465920005994/ex1a_4a.htm) |
| 6.A\* | [Form of Unsecured Promissory Note](https://www.sec.gov/Archives/edgar/data/1734118/000121465920008426/ex1a-6_a.htm) |
| 6.B\*\* | [Consulting Agreement](https://www.sec.gov/Archives/edgar/data/1734118/000121465923013735/ex6_b.htm) |
| 6.C†† | [Contribution and Subscription Agreement](https://www.sec.gov/Archives/edgar/data/1734118/000121465924002060/ex1u6c.htm) |
| 6.D | [Transfer and Settlement Agreement](ex6_d.htm) |

---

---

| | |
|:---|:---|
| \* | Filed as an exhibit to the Company's offering statement on Form 1-A (File No. 024-11256), and incorporated by reference. |
| † | Filed as an exhibit to the Company's Form 1-U dated March 7, 2024, and incorporated by reference. |
| \*\* | Filed as an exhibit to the Company's Form 1-SA for the six-month period ended June 30, 2023, and incorporated by reference. |
| †† | Filed as an exhibit to the Company's Form 1-U dated February 7, 2024, and incorporated by reference. |

---

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Chicago, State of Illinois, on February 6, 2026.

---

| | |
|:---|:---|
| **CERES COIN LLC** | **CERES COIN LLC** |
| By: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Greg Anderson |
|  | Greg Anderson, Manager, Chief Executive Officer |

---

## Ex1Sa-2B

**Exhibit 2.B.1**

![](ceres_logo.jpg)

<u>**AMENDED AND RESTATED**</u>

<u>**OPERATING AGREEMENT OF**</u>

<u>**CERES COIN LLC**</u>

This AMENDED AND RESTATED OPERATING AGREEMENT (said agreement, as the same may be amended, modified, supplemented and/or replaced from time to time, collectively this "***Agreement***") restates the Amended and Restated Operating Agreement made as of December 13, 2024, and is effective as of February 21, 2025 (the "***Effective Date***"), by and among **CM SOLUTIONS LLC,** a Delaware limited liability company (the "***Original Member***"), and each of the Managers (as hereinafter defined) . The Original Member, on or about the Effective Date acquired all of the equity interests, and related member interests, in Ceres Coin LLC (the "***Company***") from Clearfield Communications, LLC ("***Clearfield***").

NOW, THEREFORE, for good and valuable consideration, the parties, intending legally to be bound, hereby agree as follows:

**<u>ARTICLE 1</u> DEFINED TERMS**

The following capitalized terms shall have the meanings specified in this Article. Other terms are defined in the text of this Agreement; and, throughout this Agreement, those terms shall have the meanings respectively ascribed to them.

"<u>Act</u>" means the Delaware Limited Liability Company Act, 6 Del.C. § 18-101, et seq., as amended and in effect from time to time. Statutory references are supplied where appropriate and unless otherwise noted refer to the Act.

"<u>Adjusted Capital Account Deficit</u>" means, with respect to any Member, the deficit balance, if any, in the Capital Account of such Member as of the end of the relevant fiscal year, after giving effect to the following adjustments: (a) credit to such Capital Account any amounts that such Member is obligated to restore pursuant to any provision of this Agreement; (b) credit to such Capital Account the Member's share of Company Minimum Gain and the Member's amount of Member Nonrecourse Debt Minimum Gain; and (c) debit to such Capital Account any items described in Regulation Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6). The foregoing definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulation Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

"<u>Affiliate</u>" means: (a) with respect to any Member, any Person controlling, controlled by, or under common control with such Member, whether by stock ownership or otherwise; (b) with respect to the Company, any corporate entity controlling, controlled by, or under common control with the Company, whether by stock ownership or otherwise. For purposes of this definition, "control" of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person or corporate entity, whether through the ownership of voting securities or otherwise.

"<u>Applicable Law</u>" means all applicable provisions of: (a) constitutions, treaties, statutes, laws (including the common law), rules, regulations, decrees, ordinances, codes, proclamations, declarations or orders of any governmental authority; (b) any consents or approvals of any Governmental Authority; and (c) any orders, decisions, advisory or interpretative opinions, injunctions, judgments, awards, decrees of, or agreements with, any Governmental Authority

"<u>Bankruptcy</u>" means, unless otherwise provided in the Certificate of Formation or in this Agreement, or with the written consent of all Members, a Member shall:

Make an assignment for the benefit of creditors;

File a voluntary petition in bankruptcy;

Be adjudged a bankrupt or insolvent, or has entered against such Member an order for relief, in any bankruptcy or insolvency proceeding;

File a petition or answer seeking for herself or himself any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation;

File an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the member in any proceeding of this nature; or

Seek, consent to, or acquiesce in the appointment of a trustee, receiver, or liquidator of such Member, or of all or any substantial part of such Member's properties;

Seek, consent to, or acquiesce to any proceeding against such Member seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation, which is not dismissed within one hundred twenty (120) days after its commencement; and/or

Seek, consent to, or acquiesce in the appointment of any trustee, receiver, or liquidator of such Member or of all or any substantial part of such Member's properties, which is not vacated within ninety (90) days after such appointment or otherwise stayed (and vacated within ninety (90) days after the expiration of any such stay).

"<u>Board</u>" has the meaning given such term in <u>Section</u> 6.1 below.

"<u>Business Purpose</u>" means, individually and collectively as the case may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) protecting or preserving the Company and/or its assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the payment of taxes, insurance, service of indebtedness, amortization of indebtedness, repairs, replacements or renewals, management fees or other costs and expenses incident to the Company's business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) adequately providing for the expected current or future debt, revenue share, or similar obligations of the Company (whether the same are conditional are unconditional);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) adequately providing for the expected current and future operating and working capital needs of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) otherwise providing for the long-term goals of the Company, including without limitation, the establishment of Reserves for unforeseen or contingent liabilities, debts and obligations; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any purposes reasonably related to one or more of the foregoing;

in each case as determined by the Board, from time to time, in its commercially reasonable discretion.

"<u>Blockchain Net Income</u>" shall have the meaning given to such term in the Token Rights Agreement.

"<u>Capital Account</u>" means the account maintained by the Company for each Member in accordance with the provisions of <u>Section</u> 3.6 of this Agreement.

"<u>Capital Contribution</u>" or "<u>Capital Contributions</u>" means, with respect to a particular Member at any given time, the total amount of cash (constituting of US currency, or another currency equivalent if the Board elects, in its discretion, to permit any other currency to be contributed as a capital contribution), the fair market value of any other Property contributed or deemed contributed under Regulation Section 1.704-1(b)(2)(iv)(d) to the Company by such Member (to the extent the Board elects to permit the contribution to Company of any non-cash item), net of liabilities assumed or to which the Property is subject, and the fair market value of services rendered to the Company (to the extent the Board elects to permit any such services be contributed to Company as a capital contribution).

"<u>Certificate of Formation</u>" has the meaning given such term in <u>Section</u> 2.1.

"<u>CM Solutions</u>" means CM SOLUTIONS LLC, a Delaware limited liability company, its successors and assigns.

"Clearfield" means Clearfield communications, LLC, a Delaware limited liability company.

"<u>Code</u>" means the Internal Revenue Code of 1986, as amended, or any corresponding provision of any succeeding law.

"<u>Company</u>" means Ceres Coin LLC, a Delaware limited liability company.

"<u>Company Minimum Gain</u>" has the same meaning as the term "partnership minimum gain" in Regulations Sections 1.704-2(b)(2) and 1.704-2(d).

"<u>Covered Person</u>" or "<u>Covered Persons</u>" means, individually and collectively as the case may be, each: (a) Member; (b) each officer, director, shareholder, partner, member, Affiliate, employee, agent or representative of each Member (and each of their Affiliates); (c) Manager of the Company; and (d) Officer of the Company.

"<u>Distributable Cash</u>" means, at any given time and with respect to a particular period, the positive result of the following (if any) as measured for such period:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum of all then available cash, cash equivalents and other liquid assets (including interest received on reserves) of the Company (if any), provided such sum shall exclude the portion of Gross Cash Income payable to Clearfield, CMS and Greg Anderson in accordance with <u>Section 5.1(b)</u> below, with the result that "Distributable Cash" shall constitute the net amount of such remaining cash, cash equivalents and other liquid assets of the Company, and such sum shall be calculated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the aggregate sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. funds derived from the operations of the Company during the subject period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. investment income and investment gain of the Company actually received during the subject period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. financings and re-financings by the Company (if any); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. amounts released from Reserves (if any);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) less the aggregate sum of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. all amounts paid or payable by the Company during the subject period with respect to operating expenses,
managements fees, capital expenditures, obligations to (w) CMS, Clearfield and Greg Anderson pursuant to the Side letter (out of the receipts
listed in clause (i) of this definition), (x) Token Holders (pursuant to <u>Section 5.1 below</u>), (y) Members (pursuant to <u>Section 5.1 below</u>) and (z) any other principal and/or interest payments on indebtedness (of any kind), and all other monetary obligations
and expenses (of any kind) of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. the aggregate amount of all new sums allocated as Reserves (if any) established by the Board (in their
sole discretion) during, or otherwise affecting, the subject period.

"<u>Distribution</u>" means the Company's direct or indirect transfer of money or other Property to a Member.

"<u>Economic Interest</u>" means, with respect to a particular Member at any given time, such Member's allowable share of the Profit and Loss of and the right to receive liquidating Distributions and nonliquidating Distributions from the Company pursuant to this Agreement. Without limiting the generality of the forgoing, for purposes of making this Agreement, the Economic Interest of a particular Member at any given time can be expressed numerically as the percentage resulting from: (a) the then total number of Units owned by such Member; divided by

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the then total number of outstanding Units.

"<u>Effective Date</u>" shall have the meaning set forth in the preamble of this Agreement.

"<u>Electronic Transmission</u>" means any form of communication not directly involving the physical transmission of paper that creates a record that may be retained, retrieved and reviewed by a recipient thereof and that may be directly reproduced in paper form by such a recipient through an automated process.

"<u>Governmental Agency</u>" means, individually and collectively as the case may be, the Secretary of State and any other applicable governmental or quasi-governmental agency, board, bureau, commission, department, court, administrative tribunal or other instrumentality or authority, and/or public utility.

"<u>Gross Asset Value</u>" means with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The initial Gross Asset Value of any asset contributed by a Member to the Company shall be the gross fair market value of such asset, as determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Gross Asset Values of all items of Property shall be adjusted to equal their respective gross fair market values (taking Code Section 7701(g) into account) as of the following times: (i) the acquisition of an additional interest in the Company by any new or existing Member in exchange for more than a de minimis Capital Contribution; (ii) the distribution by the Company to a Member of more than a de minimis amount of Property as consideration for all or a portion of an Economic Interest in the Company; (iii) the liquidation of the Company within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g); and (iv) in connection with the grant of an interest in the Company (other than a de minimis interest) as consideration for the provision of services to or for the benefit of the Company by an existing Member acting in a member capacity, or by a new Member acting in a partner capacity in anticipation of being a Member. Notwithstanding the foregoing, an adjustment described in clauses (i), (ii) or (iii) of this paragraph shall be made only if the Board reasonably determines that such adjustment is necessary to reflect the relative Economic Interests of the Members in the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Gross Asset Value of any item of Property distributed to any Member shall be adjusted to equal the gross fair market value (taking Code Section 7701(g) into account) of such item on the date of Distribution as determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Gross Asset Value of each item of Property shall be increased (or decreased) to reflect any adjustments to the adjusted basis of such assets pursuant to Code Section 734(b) or Section 743(b), but only to the extent that such adjustments are taken into account in determining Capital Accounts pursuant to: (i) Regulations Section 1.704-1(b)(2)(iv)(m); and (ii) subparagraph (e) of the definition of "Profit" and "Loss" or <u>Section 4.3</u> of this Agreement, <u>provided</u>, <u>however</u>, that Gross Asset Values shall not be adjusted pursuant to this subparagraph (d) to the extent that an adjustment pursuant to subparagraph

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is required in connection with a transaction that would otherwise result in an adjustment pursuant to this subparagraph (d).

If the Gross Asset Value of an asset has been determined or adjusted pursuant to subparagraph (a), (b), or (d), such Gross Asset Value shall thereafter be adjusted by the depreciation taken into account with respect to such asset, for purposes of computing Profit and Loss.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "Involuntary <u>Withdrawal</u>" means: (a) with respect to any Member who is a natural person, the death, divorce, Bankruptcy, or court declaration of incompetence of such Member; and (b) with respect to any Member who is not a natural person, the dissolution, termination of existence, or liquidation of such Member. Notwithstanding the foregoing, with respect to any Member who is not a natural person, the voluntary dissolution, termination, or liquidation of such Member shall be deemed a "Voluntary Withdrawal" for purposes of this Agreement.

"Gross Cash Income" means the sum of all then available cash, cash equivalents and other liquid assets (including interest received on reserves) of the Company (if any), which constitute ordinary or capital gains income on the Company's books, but exclusive of any Distributable Liquida/on Proceeds.

"Liquidation" shall have the meaning given to such term in the Token Rights Agreement. "<u>Liquidation Costs</u>" shall have the meaning given to such term in the Token Rights

Agreement.

"<u>Manager</u>" has the meaning given such term in <u>Section</u> 6.1 below.

"<u>Member</u>" means CM Solutions, currently, and hereafter each Person who as of any applicable time, date or period has been admitted as a Member, or who has acquired membership interests in the Company in accordance with this Agreement.

"<u>Member Obligations</u>" means, with respect to a particular Member, the sum of all amounts due under any written agreement(s) to which such Member and the Company are parties, including, but not limited to, all amounts owed pursuant to <u>Section</u> 5.4, if any, and all attorneys' fees, paralegals' fees, expert witness fees, court costs, and all other costs of enforcement of such agreements.

"<u>Member Nonrecourse Debt</u>" has the same meaning as the term "partner nonrecourse debt" in Regulations Section 1.704-2(b)(4).

"<u>Member Nonrecourse Debt Minimum Gain</u>" means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum Gain that would result if such Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2(i)(3).

"<u>Membership Rights</u>" means all of the rights of a Member in the Company, including a Member's: (a) Economic Interest; (b) right to inspect the Company's books and records; (c) right to participate in the management of and vote on matters coming before the Company as provided in this Agreement; and (d) unless this Agreement or the Certificate of Formation provides to the contrary, right to act as an agent of the Company.

"<u>Nonrecourse Liability</u>" has the meaning set forth in Regulations Section 1.704-2(b)(3).

"<u>Officer</u>" has the meaning given such term in <u>Section</u> 6.5(a).

"<u>Operating Costs</u>" shall have the meaning given to such term in the Token Rights Agreement.

"<u>Person</u>" means and includes any individual, partnership, domestic or foreign limited partnership, limited liability company or foreign limited liability company, trust, estate, association, corporation, governmental body, or other juridical person.

"<u>Prime Rate</u>" means the rate of interest published in the "Money Rates" section of *The Wall Street Journal* on the business day preceding the date of the subject event. If more than one Prime Rate is published in *The Wall Street Journal* for a day, the average of the Prime Rates so published shall be used. If *The Wall Street Journal* ceases to publish the Prime Rate, the Board shall select a comparable publication or service that publishes such Prime Rate, or its equivalent, and if such Prime Rate is no longer published, then the rate publicly announced by one of the ten largest money center banks in the United States (as selected by the Company in its discretion) as its "prime" or "reference" rate shall be substituted.

"<u>Profit</u>" and "<u>Loss</u>" means, for each taxable year of the Company (or other period for which Profit or Loss must be computed), the Company's taxable income or loss determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments (without duplication):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any income of the Company that is exempt from federal income tax and not otherwise taken into account in computing Profit or Loss pursuant to this definition of "Profit" and "Loss" shall be added to such taxable income or loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any expenditures of the Company described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account in computing Profit or Loss pursuant to this definition of "Profit" and "Loss" shall be subtracted from such taxable income or loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In the event the Gross Asset Value of any Property is adjusted pursuant to subparagraphs (a) or (b) of the definition of Gross Asset Value, the amount of such adjustment shall be treated as an item of gain (if the adjustment increases the Gross Asset Value of item of the Property) or an item of loss (if the adjustment decreases the Gross Asset Value of the item of Property) from the disposition of such Property and shall be taken into account for purposes of computing Profit or Loss;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Gain or loss resulting from any disposition of Property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference to the Gross Asset Value of the Property disposed of, notwithstanding that the adjusted tax basis of such Property differs from its Gross Asset Value; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the extent an adjustment to the adjusted tax basis of any item of Property pursuant to Code Section 734(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as a result of a Distribution other than in liquidation of a Member's Economic Interest, the amount of such adjustment shall be treated as an item of gain (if the adjustment increases the basis of the item of Property) or loss (if the adjustment decreases such basis) from the disposition of such item of Property and shall be taken into account for purposes of computing Profit or Loss.

"<u>Property</u>" means any property, real or personal, tangible or intangible, including cash and any legal or equitable interest in such property, but excluding services and promises to perform services in the future.

"<u>Regulation</u>" means the federal income tax regulations, including any temporary regulations, promulgated under the Code, from time to time.

"<u>Reserves</u>" means such reserve amount(s) established by the Board (in their sole discretion) and maintained, in one or more accounts held by the Company, for a particular Business Purpose.

"<u>Rights Holder</u>" means any Person admitted as a Token Holder as defined in the Token Rights Agreement. Rights Holders shall not be considered as a Member of the Company solely by reason of being a Rights Holder.

"<u>Secretary of State</u>" means the Delaware Secretary of State.

"Side Letter" has the meaning given such term in <u>Section</u> 3.11 below.

"<u>Simple Majority-in-Interest</u>" means the Member(s) owning at least fifty-one percent (51%) of the issued and outstanding Units of the Company.

"Sound Accounting Principles" shall have the meaning given to such term in the Token Rights Agreement.

"<u>Super Majority-in-Interest</u>" means the Member(s) owning at least seventy-five percent (75%) of the issued and outstanding Units of the Company.

"<u>Token Rights Agreement</u>" means the Token Rights Agreement in the form attached hereto as <u>Schedule B</u>, as the same may be amended from time to time, which, among other things, provides for the rights, preferences, and obligations of the Company and the holders of its Tokens, as defined in the Token Rights Agreement.

"<u>Transfer</u>" means, when used as a noun, any voluntary sale, hypothecation, pledge, assignment, attachment, or other transfer, and, when used as a verb, means voluntarily sell, hypothecate, pledge, assign, or otherwise transfer.

"<u>Unit</u>" refers to an ownership interest in the Company as reflected on <u>Schedule A</u> (as the same may be amended, modified, supplemented and/or replaced from time to time) and as adjusted by the Board from time to time to account for any transfers or new issuance of Units, pursuant to the terms hereof (which adjustment shall be reflected on Schedule A). A Unit represents any and all benefits to which the Member holding such Unit may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

"<u>Unreturned Capital Contribution</u>" means, with respect to a particular Member at any given time, an amount equal to: (a) the then aggregate amount of the Capital Contributions made to the Company by such Member for his/her/its Units; <u>less</u> (b) the then aggregate amount of Distributions made to such Member pursuant to <u>Section</u> 5.1(a). If any Person transfers all or a portion of their Units in accordance with the terms of this Agreement, the transferee shall succeed to the Unreturned Capital Contribution of the transferor to the extent that it relates to the transferred Units.

"<u>Voluntary Withdrawal</u>" and "<u>Voluntarily Withdraw</u>" means and refers to a Member's dissociation from the Company by means other than Involuntary Withdrawal and includes an intentional attempt to Transfer any Units, Membership Rights or Economic Interest in violation of <u>Section</u> 8.1. A Voluntary Withdrawal is deemed to be a wrongful dissociation unless permitted under <u>Section</u> 8.1.

**<u>ARTICLE 2</u>**

**FORMATION AND NAME, OFFICE, PURPOSE, TERM, AND MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 **Organization**. As of the date hereof, the parties have duly filed a certificate of formation (as the same may be amended or modified from time to time, the "***Certificate of Formation***") with the Secretary of State and the Company is validly organized as a limited liability company under, and pursuant to, the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 **Name of the Company**. The name of the Company shall be the name set forth in the preamble to this Agreement. Notwithstanding the forgoing, the Company may do business under that name and under any other name or names upon which the Board determines are registered with the appropriate Governmental Agency; <u>provided</u>, <u>however</u>, if the Company does business under a name other than that set forth in its Certificate of Formation, then the Company shall comply with all applicable sections of the Act in the registration thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 **Purpose**. The Company is to engage in any lawful act or activity for which a limited liability company may be organized under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 **Term**. The term of the Company began upon the filing of the Certificate of Formation by the Secretary of State and shall continue in existence in perpetuity unless its existence is sooner terminated pursuant to <u>Section</u> 9.1 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 **Principal Place of Business**. The principal executive office of the Company shall be fixed by the Board from time to time within or outside the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 **Registered Office; Registered Agent**. The name and address of the Company's registered agent and registered office in the State of Delaware shall be as set forth in its Certificate of Formation, or as otherwise subsequently determined by the Board in its sole discretion (provided the Certificate of Formation is appropriately modified pursuant to the Act).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 **Members and Member Admission**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Members</u>*.* The name of each Member is, and will be, set forth on <u>Schedule A</u> (as the same may be amended, modified, supplemented and/or replaced from time to time). The Board will cause <u>Schedule A</u> to be amended from time to time, as necessary and without further consent of the Members, to reflect changes in the information set forth therein; including: (i) to reflect changes resulting from the admission of additional or substituted Members; (ii) the purchase or issuance of additional Units by the Company; and/or (iii) the redemption of any Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Member Admission</u>. No Person may become a Member without first executing a counterpart signature page or joinder (in each case in a form acceptable to the Board) to this Agreement, pursuant to which such Person agrees to be bound by, and subject to, the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Formation of Company</u>*.* Except as modified by this Agreement, the rights and duties of the Board and each of the Members shall be as provided in the Act. For and in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Board and each of the Members executing this Agreement hereby agree to the terms and conditions of this Agreement as it may from time to time be amended according to its terms. To the extent any provision of this Agreement is prohibited or ineffective under the Act, this Agreement shall be considered amended to the smallest degree possible in order to make this Agreement effective under the Act. In the event the Act is subsequently amended or interpreted in such a way to make any provision of this Agreement that was formerly invalid valid, such provision shall be considered to be valid from the effective date of such interpretation or amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 **No Payment of Individual Obligations.** Notwithstanding anything to the contrary hereunder, the parties hereby acknowledge and agree that the credit and Property of the Company shall be used solely for the benefit of the Company and no Property of the Company shall be transferred or encumbered for, or in, payment of the individual obligation of any Member, Manager or other Person.

**<u>ARTICLE 3</u>**

**CAPITAL, UNITS, CLASSES OF UNITS, CAPITAL ACCOUNTS, TOKENS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 **Intentionally Omitted**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 **No Personal Liability; No Obligation To Restore Deficit Capital Account Balance**. Except as set forth in the Act, no Member will have any personal liability for any obligations of the Company. Except as is specifically provided otherwise in this Agreement, in the Act, or as required by the Board, no Member has any liability or obligation to restore a negative or deficit balance in such Member's Capital Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 **No Interest on Capital Contributions**. No Member will be paid interest on its Capital Contributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 **Return of Capital Contributions**. Except as otherwise provided in this Agreement or by law, no Member will have the right to receive the return of any Capital Contribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 **Form of Return of Capital.** If a Member is entitled to receive a return of a Capital Contribution, the Board in its sole discretion may distribute cash, notes, or other Property, or a combination thereof to the Member in return of the Capital Contribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 **Units***.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Single Class of Units</u>. Subject to <u>Section</u> 3.6(c) below: (i) the Company shall have a single class of Units; (ii) each Units is, and shall at all times be, a voting Unit; and (iii) each Unit will entitle the holder thereof to one (1) vote on any and all matters submitted to a vote of the "Members" pursuant to this Agreement and/or the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Unit Holdings</u>. Each Member, their respective Unit holdings, and their initial Capital Contribution(s) which relate to such Units are as set forth on <u>Schedule A</u> (as the same may be amended, modified, supplemented and/or replaced from time to time).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Additional Units</u>. The Company is authorized to issue as many Units, and as many classes of Units, as the Board deems necessary from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 **Capital Accounts**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Maintenance</u>. A separate Capital Account shall be maintained for each Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Credits</u>. A Member's Capital Account shall be credited with: (i) such Member's Capital Contributions; (ii) the amount of any Company liabilities assumed by such Member (or which are secured by Property of the Company distributed to such Member); (iii) such Member's distributive share of Profit; and (iv) any item in the nature of income or gain specially allocated to such Member pursuant to the provisions of ARTICLE 4 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Debits</u>. A Member's Capital Account shall be debited with: (i) the amount of money and the fair market value of any Property of the Company distributed to such Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the amount of any liabilities of such Member assumed by the Company or which are secured by Property contributed by such Member to the Company; (iii) such Member's distributive share of Loss; and (iv) any item in the nature of expenses or losses specially allocated to such Member pursuant to the provisions of ARTICLE 4 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Transfer</u>. If a Member's Units are Transferred pursuant to the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent the Capital Account is attributable to the transferred Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Compliance with Regulations</u>. It is intended that the Capital Account of each Member shall be maintained in compliance with the provisions of Code Section 704(b) and Regulation Section 1.704-1(b), and all provisions of this Agreement relating to the maintenance of Capital Accounts shall be interpreted and applied in a manner consistent with those provisions. In the event the Board determines that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto (including, without limitation, debits or credits relating to liabilities which are secured by contributed or distributed Property or which are assumed by the Company or any Member), are computed in order to comply with such provisions, the Board may make such modification, <u>provided that</u> it is not likely to have a material effect on the amounts distributed to any Person pursuant to ARTICLE 5 hereof. The Board shall also (i) make any adjustments that are necessary or appropriate to maintain equality between the Capital Accounts of the Members and the amount of capital reflected on the Company's balance sheet, as computed for book purposes, in accordance with Regulation Section 1.704-1(b)(2)(iv)(q); and (ii) make any appropriate modifications in the event unanticipated events might otherwise cause this Agreement not to comply with Regulation Section 1.704-1(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 **Loans***.* The Company may borrow funds in such amounts and upon such terms as the Board determines. Loans or contracts made by any Member to the Company shall not be considered to be Capital Contribution to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9 **Certificates for Units**. Unless otherwise determined by the Board, all Units shall be uncertificated and evidenced . by book entry only.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 **Closing Interest Transfer Books-Record Date**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>In</u> order for the Company to be able to determine the Members entitled to notice of any meeting/vote, entitled to receive payment of any dividend or other Distribution, and/or entitled to exercise any other rights pursuant to the terms hereof and/or Applicable Law, the Board may fix, in advance, a record date. With respect to: (i) Distributions to be made pursuant to the terms hereof, such record date shall be no earlier than the date the Manager determines that a Distribution is to be made pursuant to the terms hereof; and (ii) all meetings, actions and other exercises of rights, such record date shall be no earlier than sixty (60) days prior to the expected date of <u>such</u> event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding the forgoing or anything contained herein to the contrary: (i) If no record date is <u>fixed</u>, the record date for determining the Members entitled to notice of or to vote at a meeting of the Members shall be at the close of business on the business day next preceding the day on which notice is given or, if notice is waived, at the close of business on the business day next preceding the day on which the meeting is held; and (ii) the record date for determining the Members entitled to give consent to corporate action in writing without a meeting, when no prior action by the Board is necessary, shall be the day on which the first written consent is given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11 **Tokens** As of the date hereof, the Company has issued 66 million Tokens, and the Company has the ability to issue up to an additional 234 million Tokens. As set forth in Section 5 of that certain side letter of even date from the Company to Clearfield Communications, LLC, CMS and 4 individuals who previously owned all of the equity interests in Turtle Shark Capital, LLC (the "***Side Letter***"), the Company has to date committed to issue an additional 144 million Tokens to various individuals and/or entities (as set forth in the Side Letter), leaving a residual 90 million Tokens which may be issued by the Company in the future. It is understood that the issuance of any and/or all of said residual Tokens shall require the affirmative vote of a Super Majority-in-Interest. It is also understood that the Company shall maintain a ledger for the Tokens, and the ownership of each Token shall be based up the ownership for each Token as reflected on the Company's books and records, based upon the information the Company receives from each Token's chaincode. The various terms, rights and benefits relating to the Tokens are all set forth in the Token Rights Agreement, which is attached hereto as <u>Schedule B</u>. As set forth in the Token Rights Agreement, the Tokens are, and will at all times be, electronic assets, which constitute a limited security interest issued by the Company. It is understood that certain transactions related to each Token (including certain payments to be made between the parties) as provided for herein will be affected through the chaincode which is the Token and may not require any further action or consent by the Token Holder or the Company. The Company has undertaken a number of obligations with respect to the Tokens and the Token Holders, all of which are set forth in the Token Rights Agreement, and this agreement also sets forth various rights, obligations, benefits and restrictions which pertain to the Tokens and the Token Holders, as the case may be.

**<u>ARTICLE 4</u>**

**ALLOCATIONS OF INCOME, DEDUCTIONS, AND OTHER ITEMS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 **Allocation of Profit or Loss***.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General Rule of Allocation</u>. After giving effect to the special allocations of <u>Section</u> 4.3 in the order set forth therein and subject to the other provisions of this Section, Profit or Loss for any taxable year of the Company shall be allocated among the Members as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Profit shall be allocated in the following order of priority:

<u>First</u>, to the Members, in proportion to the cumulative amount of Loss allocated to such Members pursuant to <u>Section</u> 4.1(a)(ii) until the cumulative amount of Profit allocated to the Members pursuant to this Section equals the cumulative amount of Loss allocated to the Members pursuant to <u>Section</u> 4.1(a)(ii);

<u>Thereafter</u>, to the Members in proportion to the Units held by such Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Loss shall be allocated in the following order of priority:

<u>First</u>, to the Members, in proportion to the cumulative amount of Profit allocated to such Members pursuant to <u>Section</u> 0 above, until the cumulative amount of Loss allocated to the Members pursuant to this Section equals the cumulative amount of Profit allocated to the Members pursuant to <u>Section</u> 0 above; and

<u>Second</u>, to the Members proportionately in accordance with their respective positive Capital Accounts until reduced to zero; and

<u>Thereafter</u>, to the Members, pro-rata, in proportion to their respective Economic Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Limitation on Allocation of Loss</u>*.* Loss allocated pursuant to <u>Section</u> 4.1(a) shall not exceed the maximum amount of Loss that can be allocated without causing any Member to have an Adjusted Capital Account Deficit at the end of the taxable year. In the event some, but not all, of the Members would have an Adjusted Capital Account Deficit at the end of the taxable year as a consequence of an allocation of Loss pursuant to <u>Section</u> 4.1(a) of this Agreement, the limitation set forth herein shall be applied on a Member by Member basis and Loss not allocable to any Member as a result of such limitation shall be allocated to the other Members, in proportion to such other Members' positive Capital Accounts, to the extent that the allocation would not cause such other Members to have an Adjusted Capital Account Deficit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Allocation of Pre-Contribution Gain on Contributed Property</u>*.* In accordance with Code Section 704(c) and the Regulations thereunder, income, gain, loss, and deduction with respect to any non-cash Property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such non-cash Property to the Company for federal income tax purposes and the value of such non-cash Property credited to the contributing Member's Capital Account using any method permitted by the Regulations under Code Section 704(c) as determined by the Board. Allocations pursuant to this <u>Section</u> 4.1(c) are solely for purposes of federal, state, and local taxes and shall not affect, or in any way be taken into account in computing any Member's Capital Account, share of Profit or Loss, Distributions, or other items pursuant to any provision of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Other Items</u>. Except as otherwise provided in this Agreement, all items of Company income, gain, loss, deduction, credit, and any other allocations not otherwise provided for shall be allocated among the Members in the same proportions as they share Profit or Loss, as the case may be, for the taxable year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 **Rules for Allocation**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Except</u> as otherwise provided in <u>Section</u> 4.2(b), Profit or Loss shall be allocated among each Person shown on the records of the Company to have been a Member of the Company as of the last day of the taxable year for which the allocation is to be made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Unless</u> the Board elects to separate the taxable year into segments, if there is a change in a Member's Units during the taxable year, the Profit or Loss for such taxable year shall be allocated between the original Member and the successor or remaining Member on the basis of the number of days each was a Member during the taxable year. Depreciation, amortization and similar items shall be deemed to accrue ratably on a daily basis over the entire year during which the corresponding asset is owned by the Company for the entire year, and over the portion of a year after such asset is placed in service by the Company if such asset is placed in service during the year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 **Special Allocations***.* The special allocations of this Section shall be made before the allocations in <u>Section</u> 4.1 and in the order set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Allocations Attributable to Nonrecourse Liabilities</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Notwithstanding any other provision of this ARTICLE 4, but subject to the exceptions set forth in Regulation Sections 1.704-2(f)(2), (3), (4) or (5), if there is a net decrease in Company Minimum Gain for a taxable year, each Member shall be specially allocated items of Company income and gain for such taxable year (and, if necessary, subsequent taxable years) in an amount equal to such Member's share of the net decrease in Company Minimum Gain, determined in accordance with Regulations Section 1.704-2(g). This <u>Section</u> 4.3(a)(i) is intended to comply with the partnership minimum gain charge back requirement in Regulation Section 1.704-2(f) and shall be interpreted consistently therewith, with all exceptions allowed thereby. A Member's share of any decrease in Company Minimum Gain resulting from a revaluation of Property of the Company equals the increase in the Capital Account of such Member attributable to the revaluation to the extent the reduction in minimum gain is caused by the revaluation. The Company Minimum Gain charge back shall consist first of income and gain from the disposition of Property of the Company subject to Company Nonrecourse Liabilities, with the remainder of the Company Minimum Gain chargeback, if any, made up of a pro rata portion of the Company's other items of income and gain for such year, and shall be determined in accordance with Regulation Sections 1.704-2(f)(6), 1.704-2(g)(2) and 1.704-2(j)(2)(i), or any successor provisions. If such income and gain from the disposition of Property of the Company exceeds the amount of Company Minimum Gain chargeback, a proportionate share of each item of such income and gain shall constitute a part of the Company Minimum Gain charge back.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding any other provision of this ARTICLE 4, but subject to the exceptions set forth in Regulation Sections 1.704-2(i)(4), if there is a net decrease in Member Nonrecourse Debt Minimum Gain attributable to a Member Nonrecourse Debt during a taxable year, each Member with a share of such Member Nonrecourse Debt Minimum Gain (as determined under Regulation Section 1.704-2(i)(5)), as of the beginning of the year shall be specially allocated items of Company income and gain for such taxable year (and, if necessary, subsequent taxable years) in an amount equal to such Member's share of the net decrease in such Member Nonrecourse Debt Minimum Gain (as such share is determined in accordance with Regulation Section 1.704-2(i)(4)). This <u>Section</u> 4.3(a)(ii) is intended to comply with the partner nonrecourse debt minimum gain charge back requirement in Regulation Section 1.704-2(i)(4) and shall be interpreted consistently therewith, with all exceptions allowed thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Individual items of loss, deduction, or expenditure for any taxable year attributable to any debt which is nonrecourse to the Company and the Members shall be specially allocated among the Members in the same manner as the Profit or Loss for such year is allocated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Individual items of loss, deduction, or expenditure for any taxable year attributable to any debt that is nonrecourse to the Company and the Members, but for which a Member is the creditor or a guarantor or otherwise bears the economic risk of loss shall be specially allocated to such Member in accordance with Regulation Section 1.704-2(i)(l).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Gross <u>Income Allocation</u>. In the event any Member has a negative Capital Account at the end of any taxable year which is in excess of the sum of: (i) the amount such Member is obligated to restore pursuant to any provision of this Agreement; and (ii) the amount such Member is deemed obligated to restore pursuant to the next to last sentences of Regulation Sections 1.704-2(g)(1) and 1.704-2(i)(5), each such Member shall be specially allocated items of Company income and gain in the amount of such excess as quickly as possible. An allocation pursuant to this <u>Section</u> 4.3 shall be made only if and to the extent that such Member would have a negative Capital Account in excess of such sum after all other allocations provided for in this ARTICLE 4 have been made as if <u>Section</u> 4.2 and this <u>Section</u> 4.3 were not in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 **Code Section 754 Adjustment**. To the extent an adjustment to the adjusted tax basis of any Company's asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulation Section 1.7041(b)(2)(iv)(*m*)(*2*) or Regulation Section 1.7041(b)(2)(iv)(*m*)(*4*), to be taken into account in determining Capital Accounts, as a result of a Distribution to a Member in complete liquidation of his, her or its interest in the Company the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specifically allocated among the Members in accordance with their respective Economic Interests in the event Regulation Section 1.7041(b)(2)(iv)(*m*)(*2*) applies, or to the Members to whom such Distribution was made in the event that Regulation Section 1.704-1(b)(2)(iv)(*m*)(*4*) applies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 **Curative Allocations***.* The allocations set forth in <u>Section</u> 4.1(c) and <u>Section</u> 4.3 (collectively the "***Regulatory Allocations***") are intended to comply with certain requirements of the Regulations. It is the intent of the Members that, to the extent possible, all Regulatory Allocations shall be offset either with other Regulatory Allocations or with special allocations of other items of Company income, gain, loss, or deduction pursuant to this <u>Section</u> 4.5. Therefore, notwithstanding any other provision of this ARTICLE 4 (other than the Regulatory Allocations), the Board shall make such offsetting special allocations of Company income, gain, loss, or deduction in whatever manner it determines appropriate so that, after such offsetting allocations are made, each Member's Capital Account balance is, to the extent possible, equal to the Capital Account balance such Member would have had if the Regulatory Allocations were not part of the Agreement and all Company items were allocated pursuant to <u>Section</u> 4.2; <u>provided</u>, <u>however</u>, that any change in the method of allocating Profit and Loss shall not materially alter the economic agreement between the Members as set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 **Other Allocation Rules**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event the Company is subject to any tax or other obligation which is attributable to the interest of one or more Members in the Company, but fewer than all the Members, such tax or other obligation shall be specially allocated to, and charged against the Capital Account of, such Member or Members, and the amounts otherwise distributable to such Member or Members pursuant to this Agreement shall be reduced by such amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Member is aware of the income tax consequences of the allocations made by this ARTICLE 4 and hereby agrees to be bound by the provisions of this ARTICLE 4 in reporting its share of Profit or Loss for income tax purposes, except as otherwise required by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To the extent permitted by Regulation Section 1.704-2(h)(3), the Company, shall endeavor to treat <u>Distributions</u> of Distributable Cash as having been made from the proceeds of a Nonrecourse Liability or a Member Nonrecourse Debt only to the extent that such Distributions would cause or increase a deficit in the Capital Account of any Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In the event that the Company has taxable income that is characterized as ordinary income under the recapture provisions of the Code, each Member's distributive share of taxable gain or loss from the sale of Company assets (to the extent possible) shall include a proportionate share of this recaptured income equal to the Member's share of prior cumulative depreciation deductions with respect to the assets that gave rise to the recapture income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 **Article Amendment**. The Board is hereby authorized, upon the advice of the Company's tax counsel, to amend this ARTICLE 4 to comply with the Code and the Regulations promulgated under Code Section 704(b); <u>provided</u>, <u>however</u>, that no amendment shall materially affect allocations to a Member without such Member's prior written consent.

**<u>ARTICLE 5</u> <br> DISTRIBUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 **Distributions; Priority***.*

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To the extent of (x) Gross Cash Income (until such time as all payments to be made to Clearfield, CMS and Greg Anderson pursuant to Section 1 of the Side Letter have been paid in full), and (y) Distributable Cash all other non-liquidating Distributions, and Distributable Liquidation Proceeds shall each be made to the Members and Token Holders, as the case may be, pursuant to the terms hereof and at such time and in such manner as is determined by the Board in its sole discretion. All of the foregoing Gross Cash Income, Distributable Cash, and Distributable Liquidation Proceeds as the case may be, shall be made to the Persons shown on the records of the Company to have been a Member of the Company as of the record date selected by the Board, which record date must be no earlier than the date the Board determines that a Distribution is to be made. Distributions paid pursuant to this <u>Section 5.1</u>will be made in such form as the Board determines (such as cash or other Property).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Gross Cash Income shall be distributed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) until CMS shall have received $400,000, as required in Section 1 of the Side Letter, 10% of Gross Cash Income shall be distributed to CMS, and the corresponding 90% of Gross Cash Income shall be retained by the Company (which corresponding sum or a portion thereof shall be subject to additional distributions as set forth in Section 5.1(c) and Section 5.1(d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) thereafter, until Greg Anderson shall have received $10,000, as required in Section 1 of the Side Letter, 10% of Gross Cash Income shall be distributed to him, and the remainder shall be retained by the Company (which remainder shall be subject to additional distributions as set forth in Section 5.1(c) and Section 5.1(d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) thereafter, until Clearfield shall have received $240,000, as required in Section 1 of the Side Letter, 10% of Gross Cash Income shall be distributed to Clearfield, and the remainder shall be retained by the Company (which remainder shall be subject to additional distributions as set forth in Section 5.1(c) and Section 5.1(d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) thereafter, until CMS shall have received an additional $207,789.76, as required in Section 1 of the Side Letter, 10% of Gross Cash Income shall be distributed to CMS, and the remainder shall be retained by the Company (which remainder shall be subject to additional distributions as set forth in Section 5.1(c) and Section 5.1(d) below); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) thereafter, 100% of Gross Cash Income shall be retained by the Company (which cash income shall be subject to additional distributions as set forth in Sections 5.1(c) and Section 5.1(d) below)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) After making the distributions to CMS, Clearfield and Greg Anderson, as set forth in Section 5.1(b), the portion of the remaining Gross Cash Income which constitutes Blockchain Net Income, which is held by the Company shall be distributed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 35% of such retained Blockchain Net Income shall be distributed to Token Holders in accordance with the Token Rights Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the remaining 65% of such Blockchain Net Income shall be retained by the Company (which remainder shall be subject to additional distributions as set forth in Section 5.1(d) below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Distributable Cash, when distributed, shall be distributed as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 65% of Distributable Cash shall be distributed to, and among, the Members, pari passu and pro rata, according to their respective Economic Interests; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 35% of Distributable Cash shall be distributed to the Token Holders, to the extent set forth in the Token Rights Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Notwithstanding anything to the contrary contained in this <u>Section 5.1</u>, if any Liquidation of the Company shall occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company will promptly alert all of the then-outstanding Token Holders and Members of record as of the date of such Liquidation of the occurrence of such Liquidation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such then-outstanding Token Holders and Members of record, <u>as a group</u>, will be entitled to receive all Distributable Liquidation Proceeds (*as defined below*) actually received by the Company (*whether directly or indirectly*) with respect to the sale (*or other transfer or winding up*) of the Company, provided that such Distributable Liquidation Proceeds shall be allocated to each such Token Holder and each such Member, as the case may be, as provided in Section 5.1(f)(iii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Following distributing of Distributable Liquidation Proceeds, all outstanding Tokens will be cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) All amounts payable to the respective Members and Token Holders, as the case may be, pursuant to <u>Section</u> 1(a)(ii) above will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) calculated by the Company (*in accordance with Sound Accounting Principles, consistently applied*) as of the date of such Liquidation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) promptly paid to such Token Holders and the Members as, when, and to the extent funds are actually received by the Company (*whether directly or indirectly*) with respect to the sale (*or other transfer or winding up*) of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributed to, and among, (x) in the case of such Token Holders, pari-passu and pro-rata according to their respective Distribution Interests and (y) in the case of such Members, pari-passu and pro-rata according to their respective Distribution Interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) For purposes of this <u>Sections 5.1 (e) and (f)</u>, the term "***Distributable Liquidation Proceeds***" means, for any given period, an amount equal to <u>thirty five percent (35%)</u> of all net proceeds (*i.e. after the payment of all applicable Operating Costs and all applicable Liquidation Costs*) actually received by the Company (*whether directly or indirectly*) during the subject period as a result of the sale (*or other transfer or winding up*) of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Except as expressly provided above, no Member shall have a priority right over any other Member as to Distributions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Notwithstanding the forgoing or anything contained herein to the contrary, the parties hereby acknowledge and agree that, if (and only to the extent that) a Member shall have any outstanding Member Obligations as of the date of any Distribution made pursuant to this Section, the Company shall be permitted, and is otherwise and directed, to retain such Distribution(s) in payment of Member Obligations until paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 **Limitations on Distributions**. Notwithstanding any other provision in this Agreement, no Distribution shall be made if, after the Distribution is made, either: (a) the Company would not be able to pay its debts as such debts become due in the ordinary course of business; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Company's total assets would be less than the sum of its total liabilities plus the amount that would be needed, if the Company were dissolved, wound up, and terminated at the time of the Distribution, to satisfy the preferential rights upon dissolution, winding up, and termination of Members whose preferential rights are superior to those receiving the Distribution. The Board may base a determination that a Distribution may be made in good faith by reliance upon a balance sheet and profit and loss statement of the Company represented to be correct by the person having charge of its books of account or by an independent public or certified public accountant or firm of accountants to fairly reflect the financial condition of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 **Drawings**. Except as otherwise provided in this Agreement, all Distributions of Distributable Cash to the Members made pursuant to this ARTICLE 5 shall be treated as drawings of money against each such Member's distributive share of income for purposes of Regulation Section 1.731-1(a)(1)(ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 **Withholding**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the Company is required by law to make any tax or other similar payment to any taxing authority that is specifically attributable to Company income that is allocable to a Member, including amounts described in <u>Section</u> 3.3 (each a "***Withholding***"), any such Withholding shall be treated as an advance of amounts that are otherwise distributable to such Member under this Agreement and, therefore, will reduce the amount of Distributions to be made to such Member pursuant to this Agreement. To the extent that any Withholding exceeds the amount of Distributions to be made to a Member under this agreement for the Company's taxable year (a "***Withholding Shortfall***"), such Member shall be required to pay the amount of such Withholding Shortfall to the Company within thirty (30) days after demand therefor. To the extent that a Member is unable to make any required payment of a Withholding Shortfall on a timely basis, such Withholding Shortfall shall be treated as a loan from the Company to such Member on the day the Company pays over the Withholding Shortfall to the taxing authority and shall bear interest at a rate equal to twelve percent (12%) per annum compounded (but not in excess of the highest rate per annum permitted by law). Such a loan shall be repaid first through set-off by the Company with respect to subsequent Distributions to the applicable Member and if subsequent Distributions are insufficient then the loan shall be repaid through payments made by the applicable Member to the Company. Each Member's obligations described in this Section shall survive such Member's withdrawal, removal or any other event pursuant to which such Person is no longer a Member (and, accordingly, references in this Section to "Member" shall, where appropriate, also be deemed to refer to such Person(s) who are a former Member, in such capacity).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Amounts</u> shall be deemed described in this Section if the Company, pursuant to Section 6225 of the Code (as in effect upon the effective date of Section 1101 of the Bipartisan Budget Act of 2015, and/or as the same may be further amended from time to time) and/or pursuant to any comparable provision of any state or local tax law (as the same may be in effect, or as may be enacted, or amended from time to time hereafter), is for any reason liable for U.S. federal (or applicable state or local) income taxes, including interest and penalties thereon, with respect any adjustment resulting from a U.S. federal (or state or local) income tax audit of the Company, and such amounts shall, for purposes of this Section, be deemed specifically attributable to any Member to the extent of each such Member's allocable shares of such amounts. For purposes of the preceding sentence, each Member's "allocable share" of any such amounts shall be in proportion to their respective distributive or allocable shares of the items of net income, gain, Profits or other items which give rise to such taxes, interest or penalties, such distributive or allocable shares being determined pursuant to the terms of this Agreement for the period to which such amounts relate.

**<u>ARTICLE 6</u> <br> MANAGEMENT OF THE COMPANY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 **Establishment of Board; Managers; Presumption of Authority**. A board of managers of the Company (the "***Board***") is hereby established and shall be comprised of natural Persons (each such Person, a "***Manager***") who shall be appointed in accordance with the provisions of <u>Section</u> 6.2 below. The business and affairs of the Company shall be managed, operated and controlled solely by, or otherwise under the direction of, the Board, and the Board shall have, and is hereby granted, the full, complete and exclusive power, authority and discretion for, on behalf of and in the name of the Company, to take such actions as it may in its sole discretion deem necessary or advisable to carry out any and all of the objectives and purposes of the Company, subject only to the terms of this Agreement. Notwithstanding anything to the contrary herein or under the Act, no Manager, acting alone or with other Managers, shall have any authority to bind the Company with respect to any matter except pursuant to a resolution authorizing such action that is duly adopted by the Board (by the affirmative vote required with respect to such matter pursuant to this Agreement) and/or to the extent such power was otherwise specifically delegate to such Manager(s) by the Board. Except as expressly provided herein or by Applicable Law, no Member, in its capacity as a Member, shall have any power or authority over the business and affairs of the Company or any power or authority to bind the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 **Board Composition; Tenure and Qualifications**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Board Composition; Initial Managers and Tenure</u>. The Company as of the Effective Date has a Board comprised of five (5) Managers. The number of Managers constituting the Board shall be fixed from time to time by the affirmative vote of a Super Majority-in-Interest, but in no instance shall there be less than five (5) Managers. The Board as of the Effective Date is comprised of the Persons listed on <u>Schedule C</u>, each of whom as of the Effective Date has have a term (measured from the Effective Date) designated in <u>Schedule C</u>.

Shortly before the expiration of their respective designated terms on the Board, there shall be a new election by the membership of the Company to replace each vacating Manager, pursuant to Section 6.3, and then the elected Person shall serve for a term of two (2) years, measured from the date the applicable Manager vacates his or her position as Manager. Should a Manager die, resign or otherwise be removed in accordance with the terms of this Agreement, then the membership shall promptly have an election to replace any such vacant Manager position, pursuant to Section 6.3, to serve the balance of the term of the vacating Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Qualifications</u>. A Manager need not be residents of the state of Delaware or a Member, Officer or employee of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Time Commitment</u>*.* Each Manager is to devote such minimum time to the business and affairs of the Company as is necessary to carry out such Manager's duties set forth in this Agreement and/or the Act

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 **Manager Elections; Resignation; Removal; Vacancies**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General Election of Managers</u>. Each Manager shall be elected by the affirmative vote of a Simple Majority-in-Interest. Each such elected Person elected as a Manager shall hold such office for or an indefinite term until the earlier of: (i) such Person's removal, resignation, or death; or (ii) the date such Person's successor shall have been duly elected and qualified as provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Resignation</u>. Any Manager may resign at any time upon written notice to the Board, or to the CEO, President or Secretary of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Removal; Vacancies</u>. Unless otherwise restricted by the Act or the Certificate of Formation (i) any Manager (or the entire Board) may be removed, with or without cause, at any time by the affirmative vote of a Super Majority-in-Interest; (ii) the remainder of the Board may declare vacant the office of a particular Manager who has been judicially declared of unsound mind and/or who has been convicted of felony; (iii) any vacancy occurring in the Board, and any Manager positions to be filled by reason of an increase in the number of Managers, will be filled by the affirmative vote of a Simple Majority-in-Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 **Meetings of and Voting by Managers**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Regular Meetings</u>. Regular meetings of the Board shall be held on at least a quarterly basis at such dates and times as the Board may designate. The Board may provide, by resolution, the time and place for holding of such regular meetings without further notice other than such resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Special Meetings; Notice</u>. A special meeting of the Board may be called at any time by the CEO and/or any Manager. Not less than ten (10) nor more than ninety (90) days before each such special meeting, the Person(s) calling the meeting must give written notice of the meeting to each Board member. Such notice must state the time, place, and purpose of the meeting. Notwithstanding the foregoing provisions, each Manager waives notice if such Manager is present at the meeting in person or by proxy, or if before or after the meeting such Person signs a waiver of the notice which is filed with the records of the meetings of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Place of Meeting; Telephonic Meetings</u>. Meetings of the Board will be held at the Company's principal place of business or at any other place designated by the Board (or such Manager calling the subject meeting). Notwithstanding the foregoing or anything to the contrary hereunder or under the Act; a Manager may participate in a meeting of Board by means of conference telephone or similar communications equipment enabling all Board members participating in the meeting to hear one another. Further, participation in a meeting of the Board in accordance with this Section shall constitute presence "in person" at such meeting for all purposes hereunder and under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Voting; Proxy; Quorum</u>. Unless this Agreement and/or the Act provides otherwise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each Manager will have one (1) vote on any and all matters submitted to a vote of the Board; <u>provided that</u>, with respect to any matter submitted to a vote of the Board which directly or indirectly concerns, or otherwise relates to, any particular Manger(s) (and/or any Affiliate thereof), only the disinterested Managers shall be entitled to a vote on such matter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each Manager may authorize another Manager and/or any Officer of the Company to act for such Manager by proxy at any meeting of the Board (including to express consent or dissent to a Company action in writing without a meeting), and any such proxy may be granted in writing, by Electronic Transmission or as otherwise permitted by Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) at any meeting of the Board the presence, in person or by proxy, of a simple majority of the Board shall constitute a quorum for the conduct of business at any meeting of the Board; <u>provided that</u>, with respect to a particular matter, only the presence, in person or by proxy, of a simple majority of the Board members entitled to vote on such matter (i.e. disinterested Managers) shall constitute a quorum with respect to the voting on such matter (even if such disinterested Managers total less than a majority of all of the Managers then comprising the Board); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the affirmative vote of a majority of the Managers in attendance at any meeting of the Board at which a quorum is present pursuant to the foregoing shall be required to authorize any action by the Board and shall constitute the action of the Board for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Acting Through Written Consent</u>. Notwithstanding anything herein to the contrary, any action required by the Act to be taken at a meeting of the Board, or any other action which may be taken at a meeting of the Board, may be taken without a meeting if a consent, in writing, setting forth the action so taken, shall be signed (whether through Electronic Transmission or otherwise) by the Managers having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting. Each such written consent shall have the same force and effect as a vote at a meeting of the Board where a quorum was present and may be stated as such in any document or instrument filed with the Secretary of State (and/or any other Governmental Authority).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Voting Deadlock</u>. In the event the voting rights of the Managers entitled to vote on a particular matter are evenly divided with respect to any matter submitted to a vote of the Board pursuant to this Agreement and/or the Act, and such Managers are unable to reach agreement with respect to a proposed course of action within thirty (30) days after the date such matter was submitted to the vote of the Board, then in such an event, a deadlock (a "***Deadlock***") shall be deemed to exist and the vote of the President (or his designee), to the extent he or she is then a Manager and entitled to vote on the subject matter, shall be deemed to be the deciding vote. In the event the President is not then a Manager or otherwise not entitled to vote on the matter which is the subject of the Deadlock, the vote of a Person selected by affirmative vote of a Simple Majority-in-Interest to deal with an applicable Deadlock shall be deemed to be the deciding vote on such Deadlock matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 **Executive Officers; Agents**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Generally</u>. A Simple Majority-in-Interest may, at any time and from time to time, by the affirmative vote of a Simple Majority-in-Interest, designate one or more natural Persons as officers of the Company (each such officer and each officer described in Section 6.5 (b) are collectively called , an "***Officer***"), in addition to the officers described in Section 6.6 (b). No Officer need be a Manager, Member or resident of Delaware and any number of Officer positions may be held by the same Person. Each Officer shall have the authority and shall perform the duties as designated by the Agreement, and any supplemental powers, which shall be approved by the affirmative vote of a Simple Majority-in-Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Executive Officers</u>. Without limiting the generality of the foregoing, unless otherwise modified by the action of the Board, the Company shall at all times have the following Officers: a chief executive officer, a chief operating officer, a chief financial officer/treasurer, a chief technology officer, one or more presidents/vice-presidents, and a secretary. Further, the foregoing officers shall have the following general powers and duties unless otherwise modified from time to time by the action of the Board:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Chief Executive Officer*. The chief executive officer (the "***CEO***") shall be the chief executive officer of the Company and, subject to the direction and control of the Board, shall be in charge of, and shall oversee, the business and affairs of the Company; including ensuring that all Board actions are carried into effect. In general, and unless otherwise modified from time to time by the action of the Board, the CEO shall have all the general powers and duties of supervision and management usually vested in the "chief executive officer" (or the like) of a public company. The CEO shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *Chief Operating Officer.* The chief operating officer (the "***COO***"), subject to the direction *and* control of the Board and the CEO, shall be in charge of, and shall oversee, the day-to-day operations and affairs of the Company. In general, and unless otherwise modified from time to time by the action of the Board, the COO shall have all the general powers and duties of supervision and management usually vested in the "chief operating officer" (or the like) of a public company. The COO shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the CEO and/or the Board. Without limiting the generality of the foregoing, the COO will render such assistance to the CEO in the discharge of his/her duties as the CEO may direct from time to time; including (at the direction of the Board and/or the CEO) performing one or more of the duties of the CEO in his/her absence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) *Chief Financial Officer.* The chief financial officer (the "***CFO***"), subject to the direction *and* control of the Board and the CEO, shall oversee all financial and accounting matters concerning the Company and its business. In general, and unless otherwise modified from time to time by the action of the Board, the CFO shall have all the general powers and duties of supervision and management usually vested in the "chief financial officer" and the "treasurer" (or the like) of a public company. The CFO shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the CEO and/or the Board. Without limiting the generality of the foregoing, the CFO will: (1) have charge and custody (individually or jointly with another Officer) of all funds and securities of the Company; (2) maintain (or cause to be maintained) adequate books of account for the Company (including full and accurate accounts of all receipts and disbursements of funds by the Company); (3) disburse (or cause to be disbursed) funds of the Company as directed or otherwise authorized by the Board and/or CEO from time to time; and (4) as requested by the Board and/or CEO from time to time, provide an account of all receipt/disbursement transactions of the Company for the requested period of operation and/or a report of the then financial condition (including liquid assets) of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) *Chief Technology Officer.* The chief technology officer (the "***CTO***"), subject to the direction and *control* of the Board and the CEO, shall be in charge of, and shall oversee, the operation, maintenance and consistency of the technological infrastructure of the Company and its business. In general, and unless otherwise modified from time to time by the action of the Board, the CTO shall have all the general powers and duties of supervision and management usually vested in the "chief technology officer" (or the like) of a public company. The CTO shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the CEO and/or the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) *President(s)/Executive Vice President?Vice-President(s)*. The Board shall, to the extent it determines necessary, *appoint* one or more presidents/vice presidents to assist the CEO, COO and/or CTO in the fulfillment of their duties. Each president/vice-president (as applicable) appointed by the Board from time to time, subject to the direction and control of the Board and the CEO, shall render such assistance to the CEO, COO and/or CTO in the discharge of his/her respective duties as such Officer may direct from time to time. The president/vice-president (as applicable) shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the CEO and/or the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) *Secretary.* The secretary (the "***Secretary***"), subject to the direction and control of the Board *and* the CEO, shall be in charge of retaining and maintaining, and shall be the primary custodian of, all corporate records and agreements of the Company. In general, and unless otherwise modified from time to time by the action of the Board, the Secretary shall have all the general powers and duties of supervision and management usually vested in a "secretary" (or the like) of a public company. The Secretary shall also have all such other powers, and perform all such other duties, as may be assigned to him/her from time to time by the CEO and/or the Board. Without limiting the generality of the foregoing, the Secretary will: (1) attend all meetings of the Board/Members and act as scrivener thereof; (2) record (or cause to be recorded) all votes/actions of the Board/Members, and the minutes of all meetings (if any), in the corporate records of the Company; (3) give (or cause to be given), notice of all meetings of the Board/Members as provided herein or otherwise under the Act; and (4) maintain (or cause to be maintained) all corporate records of the Company (including those identified in <u>Section</u> 10.2 below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Appointment</u>. Each Officer shall be appointed by the affirmative vote of the Board. Each such elected Person appointed as an Officer shall hold such office for or an indefinite term until the earlier of: (i) such Person's removal, resignation, or death; and/or (ii) the date such Person's successor shall have been duly appointed by the Board, provided however that notwithstanding the foregoing provisions to the contrary, the current Officers of the Company are set forth in <u>Schedule D</u> and each shall serve in such role for a minimum term of four (4) years from the Effective Date, subject to their term ending earlier pursuant to <u>Section 6.5</u>(d) <u>or (e)</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Resignation</u>. Any Officer may resign at any time upon written notice to the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Removal</u>*.* Any Officer may be removed, with or without cause, at any time by the affirmative vote of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Vacancies</u>. In the event of any vacancy with respect to an Officer position the Board (in its sole discretion) may appoint a replacement or (except to the extent provided in <u>Section</u> 6.5(b)) terminate the respective Officer position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Time Commitment</u>*.* Each Officer is to devote such minimum time to the business and affairs of the Company as is necessary to carry out such Officer's duties set forth in this Agreement and/or as otherwise specified by the Board from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Current Officers</u>. The current Officers of the Company are set forth in <u>Schedule D</u> hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 **Exculpation and Indemnification of Covered Persons**. To the fullest extent permitted under the Act and other applicable Law, the following shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Exculpation of Covered Persons; Reliance</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) No Covered Person shall be liable to the Company or any other Covered Person for any loss, *damage* or claim incurred by reason of any action taken, or omitted to be taken, by such Covered Person in good faith reliance on the provisions of this Agreement, so long as such action or omission does not constitute fraud, gross negligence, willful misconduct or a material breach or knowing violation of this Agreement by such Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Covered Person shall be fully protected in relying, in good faith, upon the records of *the* Company and upon such information, opinions, reports or statements (including financial statements and information, opinions, reports or statements as to the value or amount of the assets, liabilities, Profit or Loss of the Company or any facts pertinent to the existence and amount of assets from which distributions might properly be paid) of the following Persons or groups (as applicable):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) another Covered Person; (2) any attorney, independent accountant, appraiser or other expert or professional employed or engaged by or on behalf of the Company; or (3) any other Person selected, in good faith, by or on behalf of the Company; in each case as to matters that such relying Covered Person reasonably believes to be within such other Person's professional or expert competence. The foregoing shall in no way limit any Covered Person's right to rely on information to the extent provided in § 18-406 of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Liabilities and Duties of Covered Persons</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) This Agreement is not intended to, and does not, create or impose any fiduciary duty on any Covered Person. Furthermore, each of the Members and the Company hereby waives any and all fiduciary duties that, absent such waiver, may be implied by Applicable Law, and in doing so, acknowledges and agrees that the duties and obligation of each Covered Person to each other and to the Company are only as expressly set forth in this Agreement. The provisions of this Agreement, to the extent that they restrict the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Members to replace such other duties and liabilities of such Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Whenever in this Agreement a Covered Person is permitted or required to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) make a decision (including a decision that is in such Covered Person's "discretion" or under a grant of similar authority or latitude), such Covered Person shall be entitled to consider only such interests and factors as such Covered Person desires, including its own interests (or, in the case of a Manager, the Member that appointed such Manager or its Affiliates), and shall have no duty or obligation to give any consideration to any interest of or factors affecting the Company or any other Person; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) make a decision in such Covered Person's "good faith," the Covered Person shall act under such express standard and shall not be subject to any other or different standard imposed by this Agreement or any other Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) *Generally*. The Company shall indemnify, hold harmless, defend, pay and reimburse any Covered Person against any and all losses, claims, damages, judgments, fines or liabilities, including reasonable legal fees or other expenses incurred in investigating or defending against such losses, claims, damages, judgments, fines or liabilities, and any amounts expended in settlement of any claims (all such amounts, individually and collectively, the "***Losses***") to which such Covered Person may become subject by reason of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) any act or omission or alleged act or omission performed or omitted to be performed on behalf of the Company; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) such Covered Person acting in connection with, or otherwise being involved in, the business of the Company as a Member, Manager or Officer; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) such Covered Person being, or otherwise serving, at the request of the Company as a member, manager, director, officer, employee or agent of any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *Limitations*. Notwithstanding the foregoing or anything herein to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the indemnification to be provided pursuant to this <u>Section</u> 6.6 will only apply if, and to the extent that, in connection with the subject action (or in action): (A) such Covered Person acted in good faith and in a manner believed by such Covered Person to be in, or otherwise not opposed to, the best interests of the Company (and its Members) and within the scope of such Covered Person's authority conferred on him or it by the Company and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful, and (B) such Covered Person's conduct did not constitute fraud, gross negligence, willful misconduct or a material breach or knowing violation of this Agreement by such Covered Person (in each case as determined by the Board, in its reasonable discretion or a final, nonappealable order of a court of competent jurisdiction); provided that, in connection with the foregoing, the termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of *nolo contendere* or its equivalent, shall not, of itself, create a presumption that the Covered Person did not act in good faith or, with respect to any criminal proceeding, had reasonable cause to believe that such Covered Person's conduct was unlawful, or that the Covered Person's conduct constituted fraud, gross negligence, willful misconduct or a material breach or knowing violation of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) any indemnity by the Company relating to the matters covered in this <u>Section</u> 6.6 shall be provided out of, and to the extent of, Company assets only, and no Member (unless such Member otherwise agrees in writing) shall have personal liability on account thereof or shall be required to make additional Capital Contributions to help satisfy such indemnity by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) *Reimbursement*. The Company shall promptly reimburse (and/or advance to the extent reasonably required) each Covered Person for reasonable legal and/or other expenses (as actually incurred) of such Covered Person in connection with investigating, preparing to defend or defending any claim, lawsuit or other proceeding relating to any Losses for which such Covered Person may be indemnified pursuant to this <u>Section</u> 6.6; <u>provided that</u>, if it is finally judicially determined that such Covered Person is not entitled to the indemnification provided by this <u>Section</u> 6.6 (in whole or in part), then such Covered Person shall promptly reimburse the Company for any then reimbursed or advanced expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Indemnification Not Exclusive Remedy; Inurement</u>. The indemnification provided by this <u>Section</u> 6.6 shall not be deemed exclusive of any other rights to indemnification to which those seeking indemnification may be entitled under any agreement or otherwise. The provisions of this <u>Section</u> 6.6 shall continue to afford protection to each Covered Person regardless of whether such Covered Person remains in the position or capacity pursuant to which such Covered Person became entitled to indemnification under this <u>Section</u> 6.6 and shall inure to the benefit of the executors, administrators, legatees and distributees of such Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Insurance</u>. To the extent available on commercially reasonable terms, the Company may purchase, at its expense, insurance to cover Losses covered by the foregoing indemnification provisions and to otherwise cover Losses for any breach or alleged breach by any Covered Person of such Covered Person's duties in such amount and with such deductibles as the Board may determine; <u>provided that</u> the failure to obtain such insurance shall not affect the right to indemnification of any Covered Person under the indemnification provisions contained herein, including the right to be reimbursed or advanced expenses or otherwise indemnified for Losses hereunder. If any Covered Person recovers any amounts in respect of any Losses from any insurance coverage, then such Covered Person shall, to the extent that such recovery is duplicative, reimburse the Company for any amounts previously paid to such Covered Person by the Company in respect of such Losses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Invalidation</u>. If this <u>Section</u> 6.6 (or any portion hereof) shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless be obligated to, and will. indemnify and hold harmless each Covered Person pursuant to this <u>Section</u> 6.6 to the fullest extent permitted by any applicable portion of this <u>Section</u> 6.6 which shall not have been invalidated and to the fullest extent permitted by Applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Further Amendment</u>. The provisions of this <u>Section</u> 6.6 shall be deemed a contract between the Company, on the one hand, and each Covered Person who served in such capacity at any time while this <u>Section</u> 6.6 is in effect, on the other hand, pursuant to which the Company and each such Covered Person intend to be legally bound. No amendment, modification or repeal of this <u>Section</u> 6.6 that adversely affects the rights of a Covered Person to indemnification for Losses incurred or relating to a state of facts existing prior to such amendment, modification or repeal shall apply in such a way as to eliminate or reduce such Covered Person's entitlement to indemnification for such Losses without the Covered Person's prior written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 **Reliance by Third Parties**. Notwithstanding <u>Section</u> 6.1 or anything to the contrary herein, with respect to any third party the signature of any Manager or Officer alone on any agreement, contract, mortgage, deed of trust, promissory note, instrument or other document shall be sufficient to bind the Company in respect thereof and shall conclusively evidence the authority of such Manager/Officer (as applicable) with respect thereto, and no Person need look to any other evidence or require joinder or consent of any other Person. Further, any Person dealing with the Company may rely on a certificate signed by any Manager or Officer alone with regard to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the identity of any one or more of the Managers and/or Officers, as the case may

be;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the existence or nonexistence of any fact or facts concerning the Company and/or

any of its Managers and/or Officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any act or failure to act by, or as to any other matter whatsoever involving, the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the identity of any Person who is authorized to execute and deliver any instrument or document on behalf of Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the authenticity of any copy of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8 **Confidentiality**. Following the Effective Date, each Manager and each Officer and any employee of the Company who attends a Board meeting, or who receives any written materials, or engages in any communications with other Managers, Officers and/or employees of the Company, concerning matters which are being considered and/or are clearly matters which the attending, receiving and/or engaging party should reasonably understand are material to the Company and can only be implemented by a Super-Majority Consent and/or Board action (it being understood that (A) all material discussions held at, and all significant materials distributed at, any Board meeting, and all written materials, or communications occurring between or among other Managers, Officers and/or employees of the Company, in each case concerning matters which are being considered and/or are clearly matters which the attending, receiving and/or engaging party should reasonably understand are (x) material to the Company and (y) can only be implemented by a Super-Majority Consent and/or Board action, are herein collectively referred to as "Confidential Information") and (B) each such person so attending such Board meeting and/or receiving such written materials and/or engaging in any such communications is herein called a "Receiving Party" and, collectively, the "Receiving Parties") shall keep all such Confidential Information confidential, and will not disclose or use any of such Confidential Information, except to the extent (i) that such Receiving Party is an Officer, employee or independent contractor of the Company, in which case such Receiving Party may use such Confidential Information strictly for the purposes of carrying out the business of the Company, (ii) it is legally necessary to disclose such information to a governmental entity having jurisdiction over such Receiving Party from whom disclosure is sought, (iii) it is necessary for any such Receiving Party to obtain personal tax or legal services to enable compliance with tax returns, employment compliance or other personal legal matters, (iv) such duty as to confidentiality is waived in writing by the Company; provided that, with respect to clause (ii), if such Receiving Party is requested or required (by oral question or request for information or documents in any legal proceeding) to disclose any Confidential Information, such Receiving Party will notify the Company promptly of the request or requirement and cooperate to allow the Company to seek an appropriate protective order or waive compliance with the provisions of this Section 6.8. If, in the absence of a protective order or the receipt of a waiver under this Agreement, such Receiving Party is, in the written opinion of outside counsel, compelled to disclose any Confidential Information to any tribunal or else stand liable for contempt, such Receiving Party may disclose the Confidential Information to the tribunal; provided, however, that such Receiving Party will use its commercially reasonable efforts to obtain, at the request of the Company, an order or other assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the Company will designate, and will comply with the Company's requests with respect to the timing and manner of such disclosure, in each case, to the extent permitted by applicable law. This Section 6.8 shall survive the termination or expiration of this Agreement.

**<u>ARTICLE 7</u>**

**MEMBERS' RIGHTS, POWERS, AND DUTIES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 **Management; Certain Rights**. The Members shall have the power to exercise any and all rights or powers granted to the Members pursuant to the express terms of this Agreement. The Members shall also have the power to authorize the Board, by the affirmative vote of a Super Majority-in-Interest, to possess and exercise any right or power not already vested in the Board. Except in the capacity as Manager, as specifically provided in ARTICLE 6, no Member, acting alone, shall have the authority to act for, in the name of, or as a representative of the Company, or to deal with the Company's assets in any way, or to undertake or assume any obligation, debt, duty or responsibility on behalf of any other Member or the Company. Any violation of this Section shall be deemed to constitute willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 **Meetings of and Voting by Members**. To the extent there is, at any time, more than one Member the following shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Meetings</u>. A meeting of the Members may be called at any time by the Board or any Member. Each such Member meetings will be held at the Company's principal place of business or at any other place designated by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notice</u>. Not less than ten (10) nor more than ninety (90) days before each meeting, the Board or the Member calling the meeting must give written notice of the meeting to the Board and to each Member. The notice must state the time, place, and purpose of the meeting. Notwithstanding the foregoing provisions, each Manager or Member waives notice if such Person is present at the meeting in person or by proxy, or if before or after the meeting such Person signs a waiver of the notice which is filed with the records of the meetings of the Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Quorum</u>. Unless this Agreement provides otherwise, at a meeting of Members, the presence in person or by proxy of the Members holding a majority of the Units owned by all of the Members shall constitute a quorum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Voting</u>. Except as otherwise provided in this Agreement, the vote by a concurrence of the existing Members holding a majority of the Units owned by the Members on any issue requiring the determination of the Members will be controlling on such issue. At the meetings of Members, each Member entitled to vote may vote in person or by proxy executed in writing by the Member or by a duly authorized attorney-in-fact. Such proxy shall be filed within the Company before or at the time of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Acting Through Written Unanimous Consent</u>. In lieu of holding a meeting, the Members entitled to vote may vote, or otherwise take action, by a written instrument indicating unanimous consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Telephonic <u>Meetings</u>. A Member may participate (in person or by proxy) in a meeting of Members by means of conference telephone or similar communications equipment enabling all Members participating in the meeting to hear one another. Participation in a meeting in accordance with this Section shall constitute presence in person at such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Personal Services*.* No Member will be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Board, no Member is entitled to compensation for services performed for the Company. Upon substantiation of the amount and purpose thereof as determined by the Board, each Member will be entitled to reimbursement for expenses reasonably incurred in connection with activities performed by such Member on behalf of the Company (and at the direction of the Board).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 **Duties of Parties**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Loyalty and Due Care</u>. Neither any Member (including, without limitation, any Member holding the office of Manager or any other Officer of the Company), nor any officers, directors, members, managers or Affiliates of any Member, shall be liable, responsible or accountable in damages or otherwise to any other Member for any act performed by them in good faith and within the scope of the authority conferred on them by this Agreement, including but not limited to claims under a theory of fiduciary duty or obligation, except for acts of malfeasance, intentional and willful misconduct or gross negligence. Each Member shall be deemed by the execution of this Agreement to acknowledge and agree that each Member (together with its officers, directors and Affiliates, as applicable), in accepting its duties hereunder, disclaims to the maximum extent permitted under Applicable Law (including, without limitation, under the Act), any fiduciary duty or obligation it may have to the Company or the other Members (if any) as a result of its acceptance of its duties, responsibilities and obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Acknowledgements</u>. Notwithstanding anything to the contrary herein, each party hereby acknowledges and agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) A Member (and/or its Affiliates) may engage in, or otherwise possess, an interest in other business ventures or investments of any kind, independently or with others, including but not limited to ventures engaged in (a) owning, operating or managing businesses or properties similar to those businesses or properties owned or operated by the Company (or any of its Affiliates) unless otherwise agreed to in writing or as part of a non-compete agreement or covenant not to compete; and (b) making loans or investments similar to those loans or investments made by the Company (or any of its Affiliates).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The *fact* that a Member (and/or any of its Affiliates) avails themselves of one or more of the opportunities contemplated in Section 7.3(i), either alone or with others (including Persons in which it has an interest), and does not offer any such opportunity(ies) to the Company or to any other Member, shall not subject such Member (and/or any of its Affiliates)to liability to the Company or to any other Member on account of lost opportunity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Neither the Company nor any Member shall have any right by virtue of this Agreement *or* the relationship created hereby in or to such opportunities, or to the income or profits derived therefrom, and the pursuit of such opportunities, even though competitive with the business of the Company, shall not be deemed wrongful or improper or in violation of this Agreement.

**<u>ARTICLE 8</u>**

**RESTRICTIONS ON TRANSFER; WITHDRAWAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 **Transfers**. Except as otherwise specifically provided herein, a Member may not Transfer all, or any portion of, or any interest or rights in, any Unit (or right represented thereby) owned by such Member. Further, a Member may not Transfer all or any portion of, or any interest or rights in, the Membership Rights owned by the Member. Each Member hereby acknowledges the reasonableness of this prohibition in view of the purposes of the Company and the relationship of the Members. The Transfer of any Unit (or right represented thereby) in violation of the prohibition in this Section shall be deemed invalid, null and void, and of no force or effect. Any Person to whom Membership Rights are attempted to be transferred in violation of this Section shall not be entitled to vote on matters coming before the Members, participate in the management of the Company, act as an agent of the Company, or, to the maximum extent permitted by law, receive Distributions from the Company or have any other rights in or with respect to the Membership Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 **Voluntary Withdrawal**. Except in connection with a Transfer of any Unit and/or of Membership Rights approved by the Board, in writing, any Member who Voluntarily Withdraws will be in intentional breach of this Agreement and any Voluntary Withdrawal will be deemed wrongful dissociation for which the withdrawn Member will be liable for damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 **Limitation on Transfers**. Without limiting the generality of <u>Section</u> 8.1 above, no Member shall Transfer all, or any portion of, such Member's Units and/or membership Rights if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) such Transfer is not in compliance with, or would otherwise cause the Company to be in violation of, any applicable federal or state securities laws or other Applicable Law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such Transfer would cause the Company's tax termination within the meaning of Code Section 708(b)(1)(B) and the Board (in their sole discretion) determine that such termination would adversely affect the Company or any Member; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such Transfer would cause the Company to be treated as a corporation pursuant to Code Section 7704 or Code Regulations Section 1.7704-1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 **Obligations of Transferees**. Each transferee of Units transferred shall take said Units subject to, and be entitled to the benefits of, all of the terms, conditions, restrictions and agreements contained in this Agreement. As a condition precedent to the validity and completion of any Transfer of Units the transferee shall be required to execute (a) an amendment of this Agreement (to reflect such Transfer and the assumption by such transferee of all Member obligations specified in this Agreement), and (b) such other documents, agreements, or contracts as may be required by the Company upon consultation with its legal counsel including, but not limited to, any Member control agreement then in effect, or any other agreement or agreements as are deemed necessary by the Company to transfer all of the obligations and rights of the Seller in the Units to the transferee of such Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 **Change of Controlled Transaction**. Notwithstanding anything to the contrary contained herein, if there shall be any transaction, or a series of transactions, which (a) are otherwise in compliance with the above terms in this Article 8 and (b) results in a "Change of Control" (as such term is defined in the Token Rights Agreement), then in order for such transaction and/or transactions to be valid and effective, the parties to such transaction and/or series of transactions, shall (x) notify the Company at least one (1) month prior to the occurrence of such event, of the material terms of such Change in Control, and (y) shall structure the Change in Control transaction, so that an amount equal to at least 35% of the fair market value of the consideration paid and/or provided to the selling party and/or parties shall be paid and/or contributed in US cash or cash equivalents to the Company (for the purpose of allowing the Company to be able to redeem the Tokens which shall then be held by all of the Token Holders (as such term is defined in the Token Rights Agreement) who elect to exercise the respective options set out in Section 4 (a)(ii) of the Token Rights Agreement to receive their allocable share of such proceeds collected by the Company in connection with any applicable Change in Control).

**<u>ARTICLE 9</u>**

**DISSOLUTION AND LIQUIDATION OF THE COMPANY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 **Events of Dissolution**. The Company shall be dissolved upon the happening of any of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the affirmative vote of a Simple Majority-in-Interest; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon the occurrence of any other event requiring dissolution under the Act, as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 **Procedure for Winding Up and Dissolution**. If the Company is dissolved, the Board shall wind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company and Rights Holders, including Members who are creditors or Rights Holders, in satisfaction of the liabilities of the Company, and then to the Members in accordance with Section 9.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 **Filing of Articles of Dissolution**. If the Company is dissolved, the Board shall promptly file Articles of Dissolution with the Secretary of State (and such other documents as may be required in connection therewith by any other applicable Governmental Agency). If there are no remaining Managers, or a Person who last was a Manager, the Articles shall be filed by the legal or personal representatives of the Person who last was a Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4 **Liquidating Distributions**. If the Company is liquidated, the assets of the Company, after payment of all creditors and Rights Holders, are to be distributed to the Members in accordance with their respective positive Capital Account balances, after taking into account the allocations of Profit or Loss pursuant to ARTICLE 4, if any, and nonliquidating Distributions, if any, pursuant to ARTICLE 5. Assets of the Company which are distributed in kind to the Members are to be valued on the basis of their fair market values, and any Member entitled to any interest in those assets will receive that interest as a tenant-in-common with all other Members so entitled. Unless the Members otherwise agree, the fair market value of any assets distributed in kind will be determined by an independent appraiser selected by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5 **Records and Liability**. In connection with any dissolution/liquidation of the Company, the liquidating agent shall furnish each Member with a statement setting forth the assets and liabilities of the Company as of the date of dissolution and of complete liquidation. Except to the extent attributable to bad faith acts, gross negligence or willful misconduct, the Company's liquidating agent shall not be personally liable for any Distribution made to a Member (or any portion of such Distribution), including any return of any invested capital.

**<u>ARTICLE 10</u>**

**BOOKS, RECORDS, ACCOUNTING, AND TAX ELECTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 **Bank Accounts**. All funds of the Company are to be deposited in a bank account or accounts opened in the Company's name. The Board shall determine the institution or institutions at which the accounts will be opened and maintained, the types of accounts, and the Persons who will have authority with respect to the accounts and the funds therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 **Books and Records**. The Board shall keep or cause to be kept complete and accurate books and records of the Company and supporting documentation of the transactions with respect to the conduct of the Company's business, including without limitation the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A current list of the full names and last known business, residence, or mailing addresses of all Members and Managers, setting forth the amount of cash each Member has contributed, a description and statement of the agreed value of the other Property or services each Member has contributed or has agreed to contribute in the future, and the date on which each became a Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A copy of the Certificate of Formation, and all other documents filed with the Secretary of State (or any other applicable Governmental Authority) concerning the Company, together with executed copies of any powers of attorney pursuant to which any of the same were executed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Copies of the Company's federal, state, and local income tax returns and reports, if any, for the three (3) most recent years;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Copies of any then-effective operating agreement, together with all amendments thereto, as in effect for the three (3) most recent years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Copies of the financial statements of the Company for the three (3) most recent

years.

The books and records shall be maintained in accordance with sound accounting principles and practices consistently applied and shall be maintained at the Company's principal place of business. Each Member, and his, her or its (as applicable) duly authorized representative, shall have access to them at such office of the Company and the right to inspect and copy them at reasonable times.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 **Annual Accounting Period.** The annual accounting period of the Company shall be its taxable year for federal income tax purposes. The Company's taxable year shall be selected by the Board, subject to the requirements and limitations of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 **Reports**. Within the time prescribed by law after the end of each taxable year of the Company, the Company is to deliver to each Person who was a Member at any time during the taxable year, that tax information concerning the Company which is necessary for preparing such Member's income tax returns for that year. Furthermore, the Company shall provide a copy of the Company's federal, state and local income tax returns to any Member upon written request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5 **Title to Company Property***.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *General Title Holder*. Except as provided in <u>Section</u> 10.5(b), all real and personal property acquired by the Company shall be acquired and held by the Company in its name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Alternate Title Holder*. The Board may direct that legal title to all or any portion of the Company's Property be acquired or held in a name other than the Company's name. Without limiting the foregoing, the Board may cause title to be acquired and held in its name or in the names of trustees, nominees, or straw parties for the Company. It is expressly understood and agreed that the manner of holding title to the Company's Property (or any part thereof) is solely for the convenience of the Company, and all of that Property shall be treated as owned by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.6 **Tax Matters***.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board shall, without any further consent of the Members being required (except as specifically required herein), make any and all elections for federal, state, local, and foreign tax purposes. The Board shall have the authority to make all other Company elections permitted under the Code, including elections regarding methods of depreciation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Members acknowledge that this Agreement creates a partnership for federal and state income tax purposes (and only for such purposes), and hereby agree <u>not</u> to elect to be excluded from the application of Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any person from time to time designated by the Board (with such person's consent) shall be the "***Tax Matters Partner***," who as of the Effective Dated is CM Solutions and shall be authorized and required to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by tax authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and other expenses reasonably incurred in connection therewith. CM Solutions, or its designee is also hereby designated as the partnership representative of the "Partnership," within the meaning of Section 6223 of the Code (as in effect as of the effective date of the Bipartisan Budget Act of 2015, and as the same may be amended from time to time), and any similar provisions under any other state, local or non-U.S. tax laws. Each Member agrees to cooperate in the designations of the Tax Matters Partner and the partnership representative under this Section, including signing any form or statement required under Treasury Regulation Section 301.6231(a)(7)-1(e). Further, each Member agrees to cooperate with the Company and to do or refrain from doing any or all things reasonably requested by the Company with respect to the conduct of such proceedings. Notwithstanding the foregoing, neither the Tax Matters Partner nor the partnership representative shall settle or otherwise compromise any issue in any such examination, audit or other proceeding without first obtaining the affirmative vote of a Simple Majority-in-Interest.

**<u>ARTICLE 11</u>**

**GRANT OF POWER OF ATTORNEY.**

Each Member hereby irrevocably constitutes and appoints the Board (and each of its designees) as such Member's true and lawful attorney-in-fact to make, execute, consent to, swear to, acknowledge, record and file on such Member's behalf and in such Member's name, place and stead, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 Any instruments, certificates or other documents with respect to the Company which may be required by law, including amendments or modifications thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 Articles of Dissolution and such other instruments or writings as may be required or necessary to effect the dissolution and termination of the Company pursuant to the provisions of this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 All other instruments or writings as the Board may deem necessary or desirable to fully perform and carry out the provisions of this Agreement in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 Each Member further irrevocably constitutes and appoints the Board (and each of its designees), and each and every successor thereto, as such Member's true and lawful attorney in such Member's place and stead, to take any and all other action as the Board may deem necessary or proper in the Board's discretion to fully perform and carry out the provisions of this Agreement in accordance with its terms. It is expressly understood and intended by each Member that the power of attorney granted hereby is coupled with an interest, shall be irrevocable and shall be binding on any permitted assignee of all or any part of such Member's Membership Interest or any part thereof. The foregoing power of attorney shall survive: (i) the making of this Agreement, (ii) the death or legal incapacity of any Member during the term of this Agreement, and (iii) the making and delivery by a Member of an assignment hereunder of such Member's Membership Interest or any part thereof. Any assignee of a Member, by accepting such assignment, is deemed to have accepted the provisions of this <u>ARTICLE 11**Error! Reference source not found.**</u> and accordingly to have constituted and appointed the Board (and each of its designees) as such assignee's attorney in the manner and to the extent stated herein.

**<u>ARTICLE 12</u> GENERAL PROVISIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 **Assurances**. Each Member is obligated to execute all such certificates and other documents and is obligated to do all such filing, recording, publishing, and other acts as the Board reasonably deems appropriate to comply with the requirements of law for the formation and operation of the Company and to comply with any laws, rules, and regulations relating to the acquisition, operation, or holding of the Property of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 **Notices**. Notwithstanding anything to the contrary herein or under the Act, the parties hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Notices To Members</u>. All notices and communications to be given or otherwise made to a Member will be deemed to be sufficient if sent to the last known address (including email address) for such Member on the books and records of the Company (or such other address as may be directed by the Member from time to time by written notice to the Company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Notices To Managers</u>. All notices and communications to be given or otherwise made to a Manager will be deemed to be sufficient if sent to the last known address (including email address) for such Manager on the books and records of the Company (or such other address as may be directed by the Manager from time to time by written notice to the Company).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Notices To The Company</u>. All notices and communications to be given or otherwise made to the Company will be deemed to be sufficient if sent to the Secretary of the Company, either physically at the Company's principal office or electronically.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Notice Delivery</u>. Any notices contemplated by this Agreement may be sent by any commercially reasonable means, including hand delivery, first class mail, facsimile, email or any other Electronic Transmission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Generally</u>. Any notice, demand, consent, election, offer, approval, request, or other communication required or permitted hereunder shall be made in writing to the respective Person as provided in this <u>Section</u> 12.2 and deemed to have been given or made: (i) if delivered in person, immediately upon delivery, (ii) if by nationally recognized overnight courier service with all delivery fees prepaid and with instructions to deliver the next business day, one (1) business day after sending, (iii) if by certified mail, with all postage fees paid and return receipt requested, three

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) business days after mailing; or (iv) if sent by facsimile, e-mail or other Electronic Transmission, one (1) workday following such Electronic Transmission, <u>provided that</u> evidence of such Electronic Transmission is retained by the sending party and the intended receiving party shall be entitled to a copy of such evidence upon request. A written notice shall also be deemed received on the date delivery shall have been refused at the address required by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 **Specific Performance**. The parties recognize that irreparable injury will result from a breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. Accordingly, in the event of a breach or threatened breach of one or more of the provisions of this Agreement, any party who may be injured (in addition to any other remedies which may be available to that party) will be entitled to one or more preliminary or permanent orders (i) restraining and enjoining any act which would constitute a breach or (ii) compelling the performance of any obligation which, if not performed, would constitute a breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 **Complete Agreement**. This Agreement constitutes the complete and exclusive statement of the agreement among the Board and the Members. It supersedes all prior written and oral statements, including any prior representation, statement, condition, or warranty. Except as expressly provided otherwise herein, this Agreement may not be amended without the written consent of the Board and all of the Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 **Section Titles**. The headings herein are inserted as a matter of convenience only, and do not define, limit, or describe the scope of this Agreement or the intent of the provisions hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 **Binding Provisions**. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective heirs, executors, administrators, personal and legal representatives, successors, and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 **Dispute Resolution**. Should any dispute or disagreement develop between or among the parties hereto with respect to this Agreement, it shall be settled as specified in this <u>Section</u> 12.7. If one such party believes that another such party has breached this Agreement, notice thereof shall be given to the other party in writing. The receiving party shall respond in writing within five (5) business days of receipt of such notice. If the dispute is not resolved promptly following the exchange of such initial information, the parties shall schedule a face-to-face meeting within thirty (30) days of the initial notice of breach, for the purpose of discussing and negotiating a resolution of any outstanding disputes. If the foregoing meeting fails to bring about a prompt resolution of the disagreement or dispute, then within thirty (30) days of such meeting, the involved parties shall initiate a voluntary, non-binding mediation held in Cook County of the <u>State of Delaware</u>, and conducted by a mutually-acceptable mediator. If the parties are unable to agree upon a mediator, they shall request a court of competent jurisdiction sitting in that county to appoint a mediator for them. Each of the parties shall bear its own costs and expenses (including attorney's fees) and their proportionate share of any other costs, fees, or expenses associated with this mediation and endeavor in good faith to resolve their differences. If the parties are unable to resolve any dispute arising out of or in connection with this Agreement amicably, such dispute shall be finally settled in a court of law in accordance with <u>Section</u> 12.16.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 **Severability**. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under Applicable Law. Any term or provision of this Agreement that is invalid or unenforceable in any situation shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation. In the event that any clause, term, or condition of this Agreement shall be held invalid or contrary to law: (a) this Agreement shall remain in full force and effect as to all other clauses, terms, and conditions; (b) the subject clause, term, or condition shall be revised to the minimum extent necessary to render the modified provision valid, legal and enforceable; and (iii) the remaining provisions of this Agreement shall be amended to the minimum extent necessary so as to render the Agreement as a whole most nearly consistent with the parties' intentions in light of the modification or removal of the invalid or illegal provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9 **Third Parties**. Nothing in this Agreement, whether express or implied, shall be construed to give any Person **other** than a Manager or Member or the Company, any legal or beneficial or other equitable right, remedy or claim under or in respect of this Agreement, any covenant, condition, provision or agreement contained herein or in the Property of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10 **Amendment**. This Agreement may be amended from time to time as determined by the affirmative vote of a Simple Majority-in-Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.11 **Waiver of Action for Partition**. Each Member irrevocably waives during the term of the Company any right that it may have to maintain any action for the partition with respect to the Property of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12 **Execution of Additional Instruments**. Each Member hereby agrees to execute such other and further statements of interest and holdings, designations and other instruments necessary to comply with any laws, rules or regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.13 **Construction**. Whenever used in this Agreement and required by the context, the singular form shall include the plural form, and vice versa. Whenever used in this Agreement and required by the context, the neuter gender shall include the masculine and feminine genders, and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.14 **Counterparts**. This Agreement may be executed in any number of counterparts. Each such executed counterpart shall be deemed an original hereof and all such executed counterparts shall together constitute one and the same instrument. Copies of signatures transmitted by mail, facsimile, or email or any other electronic method, shall be considered authentic and binding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.15 **Governing Law; Conflict**. This Agreement is governed by, and shall be construed in accordance with the law of the State of Delaware (including the Act) without reference to the conflicts of laws principles thereof. For the avoidance of doubt: (a) except as expressly provided for, or otherwise modified, herein, the rights and obligations of each Member and the business and operation of the Company (including the termination and dissolution of the Company), shall be expressly governed by the Act; and (b) in the event of any conflict between any provision of this Agreement and any non-mandatory provision of the Act, the provision of this Agreement shall control and take precedence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.16 **Jurisdiction; Venue; Waiver of Jury Trial**. The Company, the Board and each Member, each irrevocably acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;1. any suit involving any dispute or matter arising out of, or otherwise relating
to, this Agreement may only be brought after the dispute resolution process outlined in <u>Section</u> 12.7 has been completed;

&nbsp;&nbsp;&nbsp;&nbsp;2. any action or proceeding arising out of, or otherwise relating to, this
Agreement shall be commenced (at the sole and absolute discretion of the Board) in any court of competent jurisdiction in the State of
Delaware, or in the District Court of the United States for the District of Delaware and, to the fullest extent permitted by law, such
Person hereby irrevocably:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) waives any objection which he/she/it (as applicable) may now or hereafter have to the laying of venue of any such suit, action or proceeding brought in any such court, and any claim that the same has been brought in an inconvenient forum; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) agrees that he/she/it (as applicable) will not commence or maintain any proceeding arising out of or relating to this Agreement in, or attempt to remove any such action to, any other state or federal court.

&nbsp;&nbsp;&nbsp;&nbsp;3. to the fullest extent permitted by law, he/she/it (as applicable) hereby
irrevocably waives any and all rights such Person may now or hereafter have to a jury trial for claims arising out of, or otherwise related
to, this Agreement.

**[Remainder Of Page Intentionally Left Blank; Signature Pages Follow]**

IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first identified above.

---

| | | |
|:---|:---|:---|
| <u>COMPANY</u>: | **CERES COIN LLC,** a Delaware limited liability company | **CERES COIN LLC,** a Delaware limited liability company |
|  | By: | */s/ Charlie Uchill* |
|  |  | **CHARLIE UCHILL**, Manager |
| <u>MANAGERS</u>: | */s/ Charlie Uchill* | */s/ Charlie Uchill* |
|  | **CHARLIE UCHILL**, an individual | **CHARLIE UCHILL**, an individual |
|  | */s/ Greg Anderson* | */s/ Greg Anderson* |
|  | **GREG ANDERSON**, an individual | **GREG ANDERSON**, an individual |
|  | */s/ Jesse Channon* | */s/ Jesse Channon* |
|  | **JESSE CHANNON**, an individual | **JESSE CHANNON**, an individual |
|  | */s/ Laird Bunch* | */s/ Laird Bunch* |
|  | **LAIRD BUNCH**, an individual | **LAIRD BUNCH**, an individual |
|  | */s/ Matt Seal* | */s/ Matt Seal* |
|  | **MATT SEAL**, an individual | **MATT SEAL**, an individual |

---

IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first identified above.

---

| | | | |
|:---|:---|:---|:---|
| <u>MEMBER</u>: | **CM SOLUTIONS LLC**, a Delaware limited liability company | **CM SOLUTIONS LLC**, a Delaware limited liability company | **CM SOLUTIONS LLC**, a Delaware limited liability company |
|  | By: | CoolMellon LLC, a Delaware limited liability company, its Manager | CoolMellon LLC, a Delaware limited liability company, its Manager |
|  |  | By: | */s/ Charlie Uchill* |
|  |  |  | Charlie Uchill, Manager |
|  | Being the Sole Member of CERES COIN LLC | Being the Sole Member of CERES COIN LLC | Being the Sole Member of CERES COIN LLC |

---

<u>**SCHEDULE A**</u>

**CERES COIN LLC**

**MEMBER LIST AND UNIT OWNERSHIP**

---

| | | |
|:---|:---|:---|
| **<u>Member</u>** | **<u># of Units</u>** | **<u>% of Units</u>** |
| CM SOLUTIONS LLC | 5000000 | 100% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>**TOTAL**:</u>  | 5000000 | 100% |

---

<u>**SCHEDULE B**</u>

<u>**TOKEN RIGHTS AGREEMENT**</u>

<u>**(See the attached Token Rights Agreement)**</u>

**THE "TOKENS" (*AS DEFINED BELOW*) ARE PROVIDED SOLELY ON THE TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT AND ON THE CONDITION THAT THE TOKEN HOLDER (*AS DEFINED BELOW*) ACCEPTS AND COMPLIES WITH THEM. THE "TOKEN HOLDER" (*AS DEFINED BELOW*): (A) ACCEPTS THIS AGREEMENT AND AGREES THAT IT IS LEGALLY BOUND BY ITS TERMS; AND (B) REPRESENTS AND WARRANTS THAT: (I) THE TOKEN HOLDER IS OF LEGAL AGE TO ENTER INTO A BINDING AGREEMENT; AND (II) IF THE TOKEN HOLDER IS A CORPORATION, GOVERNMENTAL ORGANIZATION, OR OTHER LEGAL ENTITY, THE PERSON AGREEING TO THIS AGREEMENT HAS THE RIGHT, POWER, AND AUTHORITY TO ENTER INTO THIS AGREEMENT ON BEHALF OF THE TOKEN HOLDER AND BIND THE TOKEN HOLDER TO ITS TERMS. IF THE TOKEN HOLDER DOES NOT AGREE TO THE TERMS OF THIS AGREEMENT, THE COMPANY (*AS DEFINED BELOW*) WILL NOT AND DOES NOT AGREE TO OFFER AND/OR SELL ANY TOKENS TO THE TOKEN HOLDER.**

**THE TOKENS WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN APPROVED, OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION, OR ANY STATE SECURITIES COMMISSION, PASSED UPON THE ACCURACY OR ADEQUACY OF ANY INFORMATION GIVEN TO THE PURCHASER OF SUCH TOKEN.**

**The Tokens are provided, controlled, operated and administered by the Company from its oﬃces within the United States of America. The Company makes no representaZon that the Tokens are appropriate or available for use at other locaZons outside of the United States and access to them from territories where their contents/use are illegal is expressly prohibited. If the Token Holder is located outside of the United States, the Token Holder is, and will at all Zmes be, solely responsible for compliance with all applicable local laws with respect to the acquisiZon and ownership of the Tokens.**

![](ceres_logo.jpg)

**<u>TOKEN RIGHTS AGREEMENT</u>**

This TOKEN RIGHTS AGREEMENT (*as the same may be amended or modified from time to time pursuant to the terms hereof, this* "***Agreement***") is an agreement between **CERES COIN LLC**, a Delaware limited liability company (*the* "***Company***") and each Token Holder (*as defined below*) and governs each Token Holder's rights and restrictions in connection with the ownership of the respective Token(*s*) (*as defined below*)

held by such Token Holder.

<u>RECITALS</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Company is in the business of being a blockchain administrator for Coins being recorded on the digital blockchain ledger intended to serve as a stable store of value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Company is the Sub Transfer Agent for M3Sixty On Chain US Government Money Market Fund (the "Fund"). As the Sub Transfer Agent, the Company maintains the blockchain ledger for the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. The Coins represent shares of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;D. The Company will generate revenues from the utilization, transfer, and redemption of the Coins, as well as the "Sub-Transfer Agency Fee", as defined in the currently existing Platform Services Agreement, as the same may be amended from time to time, between the Company and M3Sixty Enterprises, which will then be shared with holders of the Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E. While the Tokens are, and will at all times be, electronic assets, the Company intends by this Agreement to contractually define its rights and obligations to each Token Holder (*as defined below*), and each Token Holder's rights, obligations and restrictions with respect to their ownership of the respective Token(*s*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. The Company has agreed to be bound by all of the terms and conditions of, and will for so long as any Token(*s*) are issued and outstanding be deemed a party to, this Agreement with respect to such Token(*s*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G. It is understood that, in connection with the acquisition of each Token Holder's respective Token(*s*) and as a condition of such acquisition, each Token Holder has agreed to be bound by all of the terms and conditions of, and will for so long as such Token Holder is the holder of any Token(*s*) be deemed a party to, this Agreement with respect to such Token(*s*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. It is understood that certain transactions related to each Token (*including certain payments to be made between the parties*) as provided for herein will be affected through the chaincode which is the Token and may not require any further action or consent by the Token Holder or the Company.

NOW THEREFORE, in mutual consideration of the covenants and agreements contained herein, the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.  **<u>Definitions</u>** . As used herein the following terms will have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) "***Affiliate***" means, with respect to the Company, any Person controlling, controlled by, or under common control with the Company. For purposes of the foregoing, "control" of a Person will mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of voting capital securities, by contract, or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) "***Applicable Law***" means, with respect to any Person or matter, any and all laws, statutes, ordinances, rules, regulations, judgments, decrees or orders of any state, federal or local government or agency which are applicable to such Person/matter. Without limiting the generality of the foregoing, the term "Applicable Law" will, where applicable, specifically include all relevant Securities Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) "***Banking Body***" means, individually and collectively as the case may be: (i) any banking or other financial institution directly engaged by the Company in connection with the operation of the Business (*or any portion thereof*); and (ii) any federal, state or local regulatory or other agency or authority having jurisdiction over any such banking/financial institution. Without limiting the generality of the foregoing, the term Banking Body as used herein will specifically include each banking/financial institution where a Clearing Account is established and each banking/financial institution engaged, or otherwise involved in, the purchase/sale/transfer of the Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "***Blockchain Business***" means the Company's ownership and maintenance of the Framework and the Coins.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) "***Blockchain Net Income***" means, for any given period: the total amount of Transaction Fees, Sub Transfer Agency Fees, and other amounts (if any) actually received by the Company (whether directly or indirectly) for such period from the Blockchain Business less the total amount of all Operating Costs incurred by the Company in connection with (or otherwise allocated by the Company to) the Blockchain Business during such period; each as calculated in accordance with Sound Accounting Principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "***Business***" means, individually and collectively as the case may be, the Blockchain Business , as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) "***Change of Control***" means, the occurrence of: (i) an acquisition of the Company by another entity by means of any transaction or series of related transactions (including, without limitation, any reorganization, merger or consolidation but excluding any merger effected exclusively for the purpose of changing the domicile of the Company), (ii) the sale or transfer by one or more members of the Company to a Person, or to Persons, who are unrelated to the selling member or members of the Company, in any or a series of related transactions, whereby the acquiring Person or Persons acquire membership equity interests and/or other interests in the Company and end up owning or controlling, in the aggregate, more than a 50% equity interest, or voting interest, in the Company, or (iii) a sale of all or substantially all of the assets of the Company. A sale of the Framework shall be deemed to result in a Change of Control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) "***Clearing Account***" means, with respect to a particular Token Holder, that certain bank, brokerage, or other account specified by such Token Holder to the Company from time to time with respect to the payment of amounts payable to such Token Holder hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "***Coins***" means those certain "Coins" offered and sold by the Company which are recorded on a digital blockchain ledger to serve as a stable store of value. As used herein, the term "Coins" will include those certain "Coins" as in existence as of the date of this Agreement and all future annotations/derivations/replacements thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) "***Distributable BB Liquidation Proceeds***" has the meaning given such term in <u>Section 5.1(g)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) "***Distributable Change of Control Proceeds***" has the meaning given such term in <u>Section 4(c)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) "***Distribution Interest***" means, at any given time and with respect to a particular Token Holder, a percentage equal to the result of the following: (i) the total number of Tokens then held by such Token Holder; <u>divided by</u> (ii) the total number of Tokens then issued and outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) "***Framework***" means that certain private, permissioned blockchain-based, transaction framework established by the Company for use to facilitate transactions utilizing the Coins. As used herein, the term "Framework" will include that certain "Framework" in existence as of the date of this Agreement and all future annotations/derivations/replacements thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) "***Liquidation***" means, with respect to the Company, the voluntary or involuntary liquidation, winding up or other termination of the Company. <u>Provided that</u>, should the Liquidation result in a sale of the Framework, then the action shall be defined as a Change of Control rather than a Liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) "***Liquidation Costs***" means, with respect to a particular Liquidation, the aggregate amount of all costs and expenses actually incurred by (*or otherwise on behalf of*) the Company in connection with such Liquidation, including all related legal, accounting and/or other professional fees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) "***Operating Costs***" means, for any given period and with respect to a particular line of Business, the aggregate amount of all costs and expenses actually incurred by (*or otherwise on behalf of*) the Company in connection with the ownership and/or operation of such line of Business during the subject period, in each case as calculated in accordance with Sound Accounting Principles. Without limiting the generality of the foregoing, the term "Operating Costs" will include (*to the extent applicable*):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all costs and expenses related to the growth, operation and maintenance of the subject Business (*including all research, development, marketing, maintenance and monitoring costs*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all salaries, benefits, and other amounts payable to employees and/or consultants (*if any*) retained by the Company from time to time;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all costs and expenses related to SEC reporting and related requirements in connection with the offering and sale of the Coins and/or Tokens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all amounts owed in connection with indebtedness incurred by (*or otherwise on behalf of*) the Company (*including all principal and interest expenses*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) all taxes and insurance expenses (*provided the same will be calculated on an annualized basis based off the most recently received*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) all related legal, accounting, and other professional fees.

<u>Provided that</u>, for fiscal years 2024 and 2025, Operating Costs shall be set at a fixed value of $7.5 million per year. Starting in fiscal year 2026, Operating Costs shall be determined in accordance with this paragraph (p), with an annual cap of $7.5 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) "***Person***" means any individual, firm, corporation, business enterprise, trust, association, joint venture, partnership, limited liability company, governmental body or other entity, whether acting in an individual, fiduciary or other capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) "***Proposed Amendment***" has the meaning given such term in Section 10(d)(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s) "***Qualified Agent***" means a third-party transfer agent or other intermediary that is qualified to provide the subject service(s). For the avoidance of doubt, any Affiliate of the Company and/or any Token Trading Platform may act as a Qualified Agent for purposes of this Agreement to the extent such entity is qualified to provide the subject service(s). As of the date of this Agreement, Securitize LLC has been engaged as the Qualified Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t) "***Regulatory Authority***" means, individually and collectively as the case may be: (i) the government of the United States of America (*or any other nation*), or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or otherwise pertaining to, government; and (ii) any other federal, state or local regulatory or other agency or authority having jurisdiction over the Company, the Tokens and/or the Business (*or any portion thereof*). Without limiting the generality of the foregoing, the term Regulatory Authority as used herein will specifically include the SEC, the U.S. Commodity Futures Trading Commission and the Financial Industry Regulatory Authority ("***FINRA***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u) "***SEC***" means the United States Securities and Exchange Commission.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) "***Securities Laws***" means, individually and collectively as the case may be: (i) the Securities Act of 1933 (*15 U.S.C. 77a, et seq.*), as amended and in effect; (ii) the Securities Exchange Act of 1934 (*15 U.S.C. 78a et seq.*), as amended and in effect; (iii) any and all "blue sky" laws applicable to the Tokens and/or the transfer thereof; and (iv) any and all regulations from time to time promulgated under one or more of the forgoing. Without limiting the generality of the foregoing, the term "Securities Laws" will specifically include Regulation A and all related SEC and FINRA regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w) "***Sound Accounting Principles***" means generally accepted accounting principles (*GAAP*), or such other sound accounting principles or methods utilized by Company, in its reasonable discretion, applied on a consistent basis; <u>provided that</u> the term "Sound Accounting Principles," as used herein, with respect to any interim financial statements, calculations or other matters will be deemed subject to any and all applicable fiscal year-end and other accounting adjustments and footnotes made in accordance with GAAP (*or such other sound accounting principles or methods utilized by Company, in its reasonable discretion*) applied on a consistent basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) "***Sub Transfer Agency Fee***" means a monthly fee paid to CERES by Fund Administrator, M3Sixty Administration, LLC, as determined in accordance with the Platform Services Agreement, as may be amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y) "***Super-Majority Consent***" means, with respect to any Proposed Amendment submitted to a vote of the Token Holders pursuant to <u>Section</u> 11(d)(i), the affirmative vote (*or deemed affirmative vote pursuant to <u>Section</u> 11*(*d*)(*i*) *below*) of the Token Holders owning at least seventy-five percent (75%) of the then issued and outstanding Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z) "***Tokens***" means collectively the 300 uncertificated million tokens which are allowed to be issued in one or more private transactions under Section 4(a)(2) of the Securities Act of 1933, as contemplated in the Offering Statement on Form 1-A and the amendment thereof, which were each filed by CERES, and approved by the SEC (and "***Token***" means one of those tokens).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(aa) "***Token Holder***" or "***Token Holders***" means, individually and collectively as the case may be and as of any given time, each Person who then holds a Token pursuant to the Token Ledger.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(bb) "***Token Ledger***" has the meaning given such term in <u>Section 7(b)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(cc) "***Token Trading Platform***" means, individually and collectively as the case may be, each public trading platform where the Tokens are listed for sale, if any.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(dd) "***Transaction Fees***" means, for any given period, all transaction fees actually received by the Company in connection with the transfer of the Coins during such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.  **<u>Income Participation Rights; Distributions; Reports</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section</u> 3(d) below, the Token Holders, as a group, will be entitled to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>at minimum thirty five percent (35%)</u> of all Blockchain Net Income, if any, actually received by the Company (*whether directly or indirectly*), with the final amount determined by the Company, in perpetuity

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All amounts payable to the Token Holders pursuant to <u>Section</u> 3(a) will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) calculated by the Company monthly (*in accordance with Sound Accounting Principles, consistently applied*) as of the final calendar date of each month (*each such date, respectively, an "**IP Distribution Record Date**"*) for the immediately preceding month; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) distributed, within thirty (30) days after the respective IP Distribution Record Date, by the Company to, and among, the respective Token Holders of record as of such IP Distribution Record Date (*as determined pursuant to the Token Ledger*), pari-passu and pro-rata according to their respective Distribution Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company will:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) periodically and no less than semiannually, deliver a report to each then Token Holder (*as determined pursuant to the Token Ledger*) describing, in reasonable detail, the financial/operational status of the Business as of the date of such report (*each such report, a* "***Periodic Report***"). Each such Periodic Report will include, at a minimum:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) an identification of the then total number of Tokens issued and outstanding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) an identification of the total, aggregate, amount of all Transaction Fees then collected by the Company since the last Periodic Report issued by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) promptly (*and in any event within thirty (30) days*) after filing, deliver to each then Token Holder (*as determined pursuant to the Token Ledger*), or otherwise provide each such Token Holder with access to*,* copies of all semiannual and annual reports (*including related financial statements*), and all other filings, made by the Company to the SEC (*or any other applicable Regulatory Authority*) with respect to the Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing or anything to the contrary herein, the parties hereby acknowledge and agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any and all calculations of Blockchain Net Income, and/or amounts payable to the Token Holders by, or otherwise on behalf of, the Company pursuant to this <u>Section</u> 3, will be made solely by the Company (*either directly or via the code underlying the chaincode which is the Token*) and all such calculations will be binding and conclusive absent demonstrable error;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to the extent that any year-end or other accounting adjustments to one or more of the components used in determining Blockchain Net Income are made by the Company (*in its discretion*) after a particular distribution is made to a Token Holder pursuant to this <u>Section</u> 3, and such accounting adjustments, if made prior to the subject distribution, would have increased or decreased the actual amount paid to such Token Holder pursuant to this <u>Section</u> 3, the resulting difference will be treated as an addition to or offset against (*as applicable*) the amount of the next distribution payable with respect to the subject Tokens pursuant to this <u>Section</u> 3 and will not result in the retroactive clawback of any amounts previously distributed pursuant to this <u>Section</u> 3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any Dispute with respect to the calculation, amount and/or payment of any amount paid or payable to the Token Holders (*or any of them*) pursuant to this <u>Section</u> 3 will be handled in the manner provided in, and subject to the terms of, <u>Section</u> 11(k) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.  **<u>Liquidation Rights of Token Holders; Distributions</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event of any Liquidation of the Blockchain Business which occurs after the first sale of a Token:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company will promptly alert all of the then-outstanding Token Holders of record as of the date of such Liquidation (*as determined pursuant to the Token Ledger*) of the occurrence of such Liquidation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) such then-outstanding Token Holders of record, <u>as a group</u>, will be entitled to receive all Distributable BB Liquidation Proceeds (*as defined below*) actually received by the Company (*whether directly or indirectly*) with respect to the sale (*or other transfer or winding up*) of the Blockchain Business, provided that such Distributable BB Liquidation Proceeds shall be allocated to each such Token Holder as provided in Section 3(b)(iii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Following distributing of Distributable BB Liquidation Proceeds, all outstanding Tokens will be cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All amounts payable to the respective Token Holders pursuant to <u>Section 1(a)(ii)</u> above will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) calculated by the Company (*in accordance with Sound Accounting Principles, consistently applied*) as of the date of such Liquidation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) promptly paid to such Token Holders as, when, and to the extent funds are actually received by the Company (*whether directly or indirectly*) with respect to the sale (*or other transfer or winding up*) of the Blockchain Business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributed to, and among, such Token Holders, pari-passu and pro-rata according to their respective Distribution Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of this <u>Section</u> 4, the term "***Distributable BB Liquidation Proceeds***" means, for any given period, an amount equal to <u>thirty five percent (35%)</u> of all net proceeds (*i.e. after the payment of all applicable Operating Costs and all applicable Liquidation Costs*) actually received by the Company (*whether directly or indirectly*) during the subject period as a result of the sale (*or other transfer or winding up*) of the Blockchain Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing or anything to the contrary herein, the parties hereby acknowledge and agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in connection with any Liquidation of the Blockchain Business:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Company will be permitted to retain the remaining <u>sixty-five percent (65%)</u> of all net proceeds received by the Company as a result of the Liquidation of the Blockchain Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any and all calculations of Distributable BB Liquidation Proceeds and/or amounts payable to the Token Holders by, or otherwise on behalf of, the Company pursuant to this <u>Section</u> 4, will be made solely by the Company (*either directly or via the code underlying the chaincode which is the Token*) and all such calculations will be binding and conclusive absent demonstrable error;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent that any year-end or other accounting adjustments to one or more of the components used in determining Distributable BB Liquidation Proceeds are made by the Company (*in its discretion*) after a particular distribution is made to a Token Holder pursuant to this <u>Section</u> 4, and such accounting adjustments, if made prior to the subject distribution, would have increased or decreased the actual amount paid to such Token Holder pursuant to this <u>Section</u> 4, the resulting difference will be treated as an addition to or offset against (*as applicable*) the amount of the next distribution payable with respect to the subject Tokens pursuant to this <u>Section</u> 4 (*<u>provided that</u> if there are no further distributions to be made under this <u>Section</u> 4 the Company will promptly pay any additional amounts owed to the respective Token Holders promptly after the making of the subject financial adjustments*) and will not result in the retroactive clawback of any amounts previously distributed pursuant to this <u>Section</u> 4; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Dispute with respect to the calculation, amount and/or payment of any amount paid or payable to the Token Holders (*or any of them*) pursuant to this <u>Section</u> 4 will be handled in the manner provided in, and subject to the terms of, <u>Section</u> 11(k) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.  **<u>Change of Control Rights of Token Holders; Distributions</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event of any Change of Control which occurs after the first sale of a Token:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company will promptly give a written notice to all of the then-outstanding Token Holders of record as of the date of such Change of Control (*as determined pursuant to the Token Ledger*) of the proposed occurrence of such Change of Control, at least two weeks prior to the date of such Change of Control; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each then-outstanding Token Holder of record, , will be given the option to receive their respective pro rata shares of Distributable Change of Control Proceeds (*as defined below*), contingent on such proceeds being actually received by the Company (*whether directly or indirectly*) in cash or cash equivalents with respect to the Change of Control, provided such option must be exercised by each electing Token Holder in writing within two (2) weeks after the applicable Token Holder is given notice that the Company has received the Distributable Change of Control Proceeds: and promptly following the later to occur of (x) the a Token Holder so exercising such option and (y) the Company having actual actually receiving in cash or cash equivalents of all of the Distributable Change of Control Proceeds sufficient to enable the Company to make the required payments called for in this Section 4, the Company shall then distribute to the applicable Token Holder, its allocable share of such proceeds, as calculated in accordance with Section 4(b)(iii) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Contemporaneously with distributing of Distributable Change of Control Proceeds to those electing Token Holders, all of the Tokens held by those Token Holders will transfer, or will be deemed to be transferred, to the Company, and thereafter, such transferred Tokens shall be available to be reissued by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All amounts payable to the respective Token Holders pursuant to <u>Section</u> 1(a)(ii) above

will be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) calculated by the Company (*in accordance with Sound Accounting Principles, consistently applied*) as of the date of such Change of Control;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) promptly paid to such electing Token Holders as, when, and to the extent both of the following have occurred (i) the Company has received notice that such Token Holder has exercised its option to receive its allocable portion of the Distributable Change of Control Proceeds from the funds are actually received by the Company (*whether directly or indirectly*) with respect to the Change of Control and (ii) the Company has actual receipt of such funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) distributed to, and among, such Token Holders, pari-passu and pro-rata according to their respective Distribution Interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) For purposes of this <u>Section 4</u>, the term "***Distributable Change of Control Proceeds***"

means, for any given period, an amount equal to <u>thirty five percent (35%)</u> of the aggregate fair market value of the consideration paid and/or provided to the Member, Members and/or other Persons who shall be selling and/or transferring interests in or related to the Company as a part of the transaction and/or transactions involving any applicable Change of Control, in US cash or cash equivalents, which Distributable Change of Control Proceeds, at or about the time of any such Change of Control, shall be collected by the Company from any such selling Member, Members and/or other Persons (for the purpose of allowing the Company to redeem the Tokens which shall then be held by all such electing Token Holders who exercise the option set out in Section 4 (a)(ii) above).

<u>For example</u>: If net proceeds to the Company as part of a Change of Control is $100 million and assuming that the original 300 million Tokens are in existence, then

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· $35 million would be offered to Token Holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o If only 10% of Token Holders (30 million Tokens) participate in option to take
Distributable Change of Control Proceeds, then they would receive $3.5 million spread across 30 million Tokens, or $0.1166 Per Token.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notwithstanding the foregoing or anything to the contrary herein, the parties hereby acknowledge and agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in connection with any Change of Control:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) the Company will be permitted to retain the remaining <u>amount</u> of all net proceeds received by the Company as a result of the Change of Control in excess of the portion of the Distributable Change of Control Proceeds which are to be paid to each electing Token Holder pursuant to Section 4(b)(ii) above;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any and all calculations of Distributable Change of Control Proceeds and/or amounts payable to the electing Token Holders by, or otherwise on behalf of, the Company pursuant to this <u>Section 4</u>, will be made solely by the Company (*either directly or via the code underlying the chaincode which is the Token*) and all such calculations will be binding and conclusive absent demonstrable error;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) to the extent that any year-end or other accounting adjustments to one or more of the components used in determining Distributable Change of Control Proceeds are made by the Company (*in its discretion*) after a particular distribution is made to an electing Token Holder pursuant to this <u>Section 4</u>, and such accounting adjustments, if made prior to the subject distribution, would have increased or decreased the actual amount paid to such Token Holder pursuant to this <u>Section 4</u>, the resulting difference will be treated as an addition to or offset against (*as applicable*) the amount of the next distribution payable with respect to the subject Tokens pursuant to this <u>Section 4</u> (*<u>provided that</u> if there are no further distributions to be made under this <u>Section 4</u> the Company will promptly pay any additional amounts owed to the respective Token Holders promptly after the making of the subject financial adjustments*) and will not result in the retroactive clawback of any amounts previously distributed pursuant to this <u>Section 4</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Dispute with respect to the calculation, amount and/or payment of any amount paid or payable to the Token Holders (*or any of them*) pursuant to this <u>Section 4</u> will be handled in the manner provided in, and subject to the terms of, <u>Section</u> 11(k) below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **<u>Acknowledgement of Limited Rights of Token Holders</u>.** Each of the parties acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Token Holders will not, solely by virtue of being the owner of a Token, have (*or otherwise be entitled to*) any "preemptive rights," "drag-along rights," "tag-along rights," or similar rights which the holders of the Company's other equity interest may now or hereafter have;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) except to the extent specifically provided in <u>Sections</u> 3 <u>and 3</u> above (*as applicable*) or as otherwise specifically required by Applicable Law, the Token Holders will not be entitled, or otherwise have, any vote (*or any other say*) on any matter regarding, or otherwise have any information rights with respect to, the Company or its Business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) except to the extent specifically provided in <u>Sections</u> 3 <u>and 3</u> above the Token Holders will not be entitled, or otherwise have any right, to receive any distribution from, or to otherwise participate in any proceeds received by, the Company (*including in connection with any Liquidation of the Company or its Business (or any portion thereof)*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) except as otherwise specifically provided herein, the Token Holders will not be entitled, or have any claim whatsoever, to any equity or other interest in the Company or any of its assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.  **<u>Transfers</u>.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Tokens may be freely sold and transferred by the respective Token Holder at any time, <u>provided that</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Tokens may only be acquired, held and transferred in whole number increments (*i.e. no fractional interests*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) notice is given to the Company (and/or the applicable Qualified Agent) detailing the specifics of such transfer (including the name, mailing address and Clearing Account of the respective transferee);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such transfer is made in compliance with all applicable Securities Laws (*as determined by the Company, in its sole discretion*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) to the extent the Tokens are then traded on a Token Trading Platform, such transfer is made in compliance with all applicable rules and regulations governing, or otherwise applicable to, such Token Trading Platform.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding the foregoing, each Token Holder acknowledges that: (i) any transfer, or attempted transfer, of Tokens not made in compliance with <u>Section 6(a)</u>above, or otherwise in violation of the terms hereof, will be deemed invalid, null and void, and of no force or effect and neither the Company nor any other Person will be required to recognize any such transfer/attempted transfer; and (ii) the Company will not be liable to any Person, in any manner whatsoever, for any costs, losses or other damages caused as a result of, or otherwise related to, the rejection of any such transfer/attempted transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.  **<u>Token Ledger and Maximum Number of Tokens</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A maximum of 300,000,000 Tokens may be issued by the Company. Any issuance in excess of 300,000,000 shall be void. Notwithstanding any other provision of this Agreement, any amendment to this subparagraph requires approval of holders of eighty-five percent (85%) of the outstanding Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company will establish and continuously maintain (*or otherwise cause to be continuously maintained*), in as current a form as is commercially and technologically possible, a ledger (*such ledger, the* "***Token Ledger***") identifying, at a minimum: (i) the name and last known mailing address of each Token Holder (*and each designee of such Token Holder, as applicable*); (ii) the number of all Tokens held by each Token Holder; and (iii) the last known Clearing Account of each Token Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Token Ledger will be held in strict confidentiality by the Company (*and/or the applicable Qualified Agent*), <u>provided that</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a particular Token Holder will be entitled, at any time upon notice to the Company (*and/or the applicable Qualified Agent*), to receive a record of such Token Holder's respective Token ownership (*and all proceeds, if any, then payable to such holder as a result of such Token ownership*); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Company (*and/or the applicable Qualified Agent*) will be expressly permitted, at any time and from time to time and without further notice to any Token Holder, to provide access to/copies of any portion (*or all*) of the information then provided for in the Token Ledger if, and to the extent, requested by any Banking Body and/or Regulatory Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.  **<u>Qualified Agents</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary provided herein, the Company will be expressly permitted to (*at any time and from time to time*) assign any one or more of its administrative obligations hereunder with respect to the Tokens to one or more Qualified Agents. Without limiting the generality, the Company may engage one or more Qualified Agents to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) maintain and manage the Token Ledger (*including keeping the same continuously updated and/or maintaining and ensuring the confidentiality and security of all of the information provided therein*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) document or otherwise manage any and all transfers of Tokens by Token Holders;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) direct and/or facilitate (*to the extent manually required*) any and all payments to be made under the Tokens to the Token Holders; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) act as the primary liaison between the Company and the Token Holders and/or any Token Trading Platform.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, and to the extent, the Company engages a Qualified Agent it will promptly (*and in any event within five (5) business days*) give each Token Holder written notice of the same (*each such notice, an* "***QA Notice***"). Each such QA Notice will include, at a minimum: (i) the name of the respective Qualified Agent and the contact information of the principal contact of such Qualified Agent; and (ii) a reasonable description of the particular administrative obligations of the Company assigned to such Qualified Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.  **<u>Electronic Transactions; Payments to Token Holders</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding anything to the contrary herein, the parties hereby acknowledge and agree

that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) all Tokens will be issued, and all times held, in digital form only;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) all of the rights, obligations and restrictions of the Token Holders provided for herein will (*to the fullest extent permitted*) be codified into, and made part of, the chaincode which is the Token;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) all payments to be made to the Token Holders hereunder (*in particular those to be made pursuant to <u>Section</u> 3*) will, to the fullest extent permitted by the chaincode which is the Token, be made automatically at the times, and in the manner, provided herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) all payments to be made to the Token Holders hereunder (*in particular those to be made pursuant to any of <u>Sections</u> 3 <u>through **Error! Reference source not found.**</u> above*) will be made electronically, by wire or ACH transfer (*at the option of the Company*) of immediately available U.S. currency, to the then last known Clearing Account for each Token Holder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) it will be the sole and absolute responsibility of each Token Holder to advise the Company of any changes with respect to the Clearing Account of such Token Holder (*including in connection with any transfer of the subject Token*(*s*)); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) neither the Company, nor any of its Affiliates, officers, directors, managers, employees and/or agents*,* will have any liability to any Token Holder whatsoever, and each Token Holder indemnifies and holds each such Person harmless, for <u>ANY</u> payment(*s*) not received by such Token Holder as a result of such Token Holder's failure to advise the Company of any changes to his/her/its respective Clearing Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Token Holder consents to receive electronically (*pursuant to <u>Section</u> 11*(*f*)(*i*) *below*) any and all documents, communications, notices, contracts, and agreements arising from, or otherwise relating in any way to, the Tokens and/or such Token Holder's ownership of the same (*including all Periodic Reports (and other filings and reports), Amendment Notices, MLA Notices, PA Notices and QA Notices and all applicable U.S. Internal Revenue Service Form 1099 notices and/or other applicable forms/disclosures*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.  **<u>Miscellaneous</u>** .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Binding Agreement</u>. This Agreement constitutes the valid and legally binding obligation of the Company. Each Token Holder, by virtue of their purchase (*or other acceptance*) of a Token, irrevocably agrees to be bound by all of the terms and conditions of this Agreement with respect to all Tokens at any time held by (*or otherwise on behalf of*) such Token Holder and all rights of such Token Holder as the holder of such Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Severability</u>. Wherever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under Applicable Law. Any term or provision of this Agreement that is invalid or unenforceable in any situation will not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation. In the event that any clause, term, or condition of this Agreement will be held invalid or contrary to law: (i) this Agreement will remain in full force and effect as to all other clauses, terms, and conditions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the subject clause, term, or condition will be revised to the minimum extent necessary to render the modified provision valid, legal and enforceable; and (iii) the remaining provisions of this Agreement will be amended to the minimum extent necessary so as to render the Agreement as a whole most nearly consistent with the parties' intentions in light of the modification or removal of the invalid or illegal provision.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Entire Agreement</u>. This Agreement, together with the chaincode which is the Token, constitutes the entire agreement between the parties with respect to the Tokens and supersedes all prior understandings (*whether verbal or written*), if any, with respect thereto. No representations or statements of any kind made by the Company, which are not expressly stated herein or therein will be binding on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Amendments</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither this Agreement, nor any term hereof, may be amended, modified or waived, except with the affirmative consent of the Company and Super-Majority Consent. The Company will give each then Token Holder written notice (*each such notice, a* "***PA Notice***") of any proposed amendment for which the Company requests consent (*each a* "***Proposed Amendment***") and will, at the expense of the Company and together with such PA Notice, furnish to each such Token Holder all such documents and information as may be reasonably necessary (*in the reasonable discretion of the Company*) in order to enable the Token Holders to properly evaluate, and make a reasonably informed decision regarding, the subject Proposed Amendment. Each PA Notice will also specify the manner in which the Token Holders may submit their respective approval/disapproval of the subject Proposed Amendment (*whether electronically or otherwise*). The failure of any Token Holder to approve or disapprove any Proposed Amendment within fifteen (15) days after the date the respective PA Notice is delivered (*or deemed to be delivered pursuant to <u>Section</u> 11*(*f*)(*iii*) *below*), will be deemed an affirmative approval by such Token Holder of the subject Proposed Amendment for all purposes of determining Super-Majority Consent to such Proposed Amendment pursuant to this <u>Section</u> 11(d)(i); <u>provided that</u>, to the extent any Proposed Amendment adversely affects the rights, obligations or liabilities of the Token Holders *(as a group and without regard to individual effect),* the failure of any Token Holder to timely approve or disapprove such Proposed Amendment will be deemed an abstention by such Token Holder with respect to the subject vote for all purposes of determining Super Majority Consent to such Proposed Amendment pursuant to this <u>Section</u> 11(d)(i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Notwithstanding the foregoing, each of the Token Holders acknowledges and agrees that the Company may unilaterally amend, modify or otherwise supplement this Agreement, without further notice to, or consent of, any of the Token Holders to the fullest extent necessary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) to fully comply with any direction of the SEC and/or any other regulatory agency now or hereafter governing the Tokens.

<u>provided that</u>, in connection with any amendment made by the Company pursuant to this <u>Section</u> 11(d)(ii) the Company will promptly (*and in any event within fifteen (15) business days*) from the approval of such amendment give each then Token Holder written notice (*each such notice, an* "***Amendment Notice***") describing the subject amendment in reasonable detail and will, at the expense of the Company and together with such Amendment Notice, furnish to each such Token Holder all such documents and other information (*if any*) as may be reasonably necessary (*in the reasonable discretion of the Company*) in order to enable the Token Holders to properly understand the subject amendment (*including, where applicable, copies of all filings made by the Company to the SEC and/or any other applicable Regulatory Authority with respect to the subject amendment*).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Construction</u>. Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or define the provisions of this Agreement. Whenever the context requires or permits, the singular will include the plural, the plural will include the singular, and the masculine, feminine and neuter will be freely interchangeable. Any and all uses of the term "including" herein means including without limitation, or including but not limited to, and will not be deemed to be exclusive or to create an exclusive reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Notices</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Notices To Token Holders</u>. All notices and communications to be given or otherwise made to a Token Holder are to be sent electronically to the last known email (*or other electronic*) address for such Token Holder on the books and records of the Company (*or such other electronic address as may be directed by such Token Holder from time to time by written notice to the Company*). In connection with the foregoing, each Token Holder hereby acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) it will be the sole and absolute responsibility of each Token Holder to advise the Company of any changes (*including typographical corrections*) with respect to the active email (*or other electronic*) notice address of such Token Holder (*including in connection with any transfer of the subject Token*(*s*)); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) neither the Company, nor any of its Affiliates, officers, directors, managers, employees and/or agents*,* will have any liability to any Token Holder whatsoever, and each Token Holder indemnifies and holds each such Person harmless, for <u>ANY</u> notice(*s*) (*including any Amendment Notice, MLA Notice and/or PA Notice*) not received by such Token Holder as a result of: (A) such Token Holder's failure to advise the Company of any changes to his/her/its respective email (*or other electronic*) notice address or Clearing Account ; and/or (B) any electronic and/or other transmission not caused, directly or indirectly, by the action or inaction of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Notices To The Company</u>. All notices and communications to be given or otherwise made to the Company are to be sent via email to the Company at Ir@cerescoin.io with a paper copy to be sent to:

Ceres Coin LLC

332 South Michigan Ave

Suite #121-F7

Chicago, Illinois 60604

Attn: Token Investor Relations

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) <u>General</u>. All notices, requests and demands hereunder will be deemed to have been given or made: (1) if sent by e-mail (*or other electronic method*) one (1) workday following transmission, provided that evidence of such transmission is retained by the sending party; (2) if delivered in person, immediately upon delivery; (3) if by nationally recognized overnight courier service with all delivery fees prepaid and with instructions to deliver the next business day, one (1) business day after sending; and (4) if by any other mail service, three (3) business days after mailing. A written notice sent to a Person will also be deemed received on the date delivery will have been refused at the address required by this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Legal Counsel</u>. Each Token Holder acknowledges and agrees that: (i) such Token Holder has had ample opportunity to consult with, and receive advice from, legal counsel of his/her/its choice with respect to this Agreement and the Tokens and, having had said opportunity, has either consulted with such legal counsel or has made the decision not to consult with legal counsel prior to purchasing their respective Token(*s*); and (ii) any rule of construction that operates in whole or in part to resolve ambiguities against the drafter of a document will not apply to the interpretation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Successors and Assigns</u>. All of the terms and provisions hereof will be binding upon, and inure to the benefit of, the respective executors, administrators, legal representatives, successors and permitted assigns of each of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Termination of Token</u>. Upon the payment (*in full*) of all amounts payable to the Token Holders hereunder, all Tokens will be deemed fully satisfied and automatically terminated without further notice to, or action by, any party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Governing Law</u>. This Agreement will be construed and enforced in accordance with and governed by the internal laws of the State of Delaware without regard to the choice or conflict of law principles or rules that may cause the application of the laws of any jurisdiction other than those of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Dispute Resolution</u>. Each of the parties irrevocably agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as provided in <u>Section</u> 11(l) below, should any dispute, controversy, claim or difference of any kind, in contract, tort or otherwise, arising out of or in connection with this Agreement and/or the Tokens (*each a* "***Dispute***"), including any Dispute with respect to the calculation, amount and/or payment of any distribution to be made to a Token Holder(s) hereunder, the party raising the Dispute will provide written notice of such Dispute to the Company (*each such notice, a* "***Dispute Notice***"). Such Dispute Notice will contain, at a minimum, a reasonably detailed explanation of the subject Dispute together with all supporting documentation (if any) and/or reference thereto, as applicable. The Company will respond to the party raising the Dispute, in writing, within ten (10) business days of receipt of a Dispute Notice (*each response, a* "***Dispute Response***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the subject Dispute is not resolved promptly following the exchange of the Dispute Notice and the Dispute Response pursuant <u>Section</u> 11(k)(i) above, the subject Dispute will be resolved individually and exclusively by binding arbitration administered by JAMS (*"**JAMS**"*) in accordance with its then-existing alternative dispute resolution procedures related to blockchain/cryptocurrency/digital asset disputes. Such Dispute will be finally settled by a three-arbitrator panel (*each an "**Arbitral Tribunal**"*). Further, to the extent any such unresolved Dispute relates, in whole or in part, to the technology underlying the Tokens and/or the Company's business (*or any portion thereof*), each member of the Arbitral Tribunal will have demonstrated familiarity with the subject technology.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The party initiating arbitration will do so with JAMS. Unless otherwise mutually agreed to by the subject parties, the claimant (*or claimants*) will appoint one arbitrator in the applicable demand for arbitration, the respondent (*or respondents*) will appoint one arbitrator in the answering statement or, if no answering statement is filed, within fourteen (14) days of receipt of such demand for arbitration. If a party fails to timely appoint an arbitrator either within the period provided in this Section or such other time period as may otherwise be mutually agreed, the appointment will be made by JAMS. Following their appointment, the two arbitrators will consult, for a period not exceeding thirty (30) days on the appointment of the third arbitrator, who will serve as chairperson. If the two arbitrators fail to agree on the appointment of the third arbitrator within such thirty (30) day period, the third arbitrator will be appointed by JAMS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Absent the mutual agreement of the subject parties, the seat of any arbitration pursuant to this Section will be, and all hearings will take place in, the District of Columbia. The Arbitral Tribunal will be directed to render an award (*each an "**Award***") in writing within thirty

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30) days following the last day of the final hearing. Such Award will state the reasons for the Award, will be final and binding on the parties, and will deal with the question of costs of arbitration and all matters related thereto. The prevailing party will be entitled to recover its legal and other fees. Notwithstanding anything to the contrary in this Section, any Award may be recognized and enforced by any court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) If the Company is the party initiating arbitration, it will pay all of the administrator's filing costs and administrative fees (*other than hearing fees*). If arbitration is instituted by any other party, filing costs and administrative fees (*other than hearing fees*) will be paid in accordance with the rules of the administrator selected, or in accordance with countervailing law if contrary to the administrator's rules. With regard to hearing fees, the Company will pay the administrator's hearing fees for one full day of arbitration hearings. Absent the mutual agreement of the subject parties, fees for hearings that exceed one day will be paid by the party requesting the hearing, unless the administrator's rules or Applicable Law require otherwise. Notwithstanding the foregoing, each party will bear the expense of its own attorney's fees, except as otherwise provided by law. If a statute gives any party the right to recover any of these fees, these statutory rights will apply in the arbitration notwithstanding anything to the contrary herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Within thirty (30) days of a final Award, a party may appeal the Award for reconsideration by a second three-arbitrator panel selected according to the rules of the arbitrator administrator. In the event of such an appeal, an opposing party may cross appeal within thirty (30) days after notice of the appeal. The panel will reconsider de novo all aspects of the initial Award that are appealed. Costs and conduct of any appeal will be governed by this Section and the administrator's rules, in the same way as the initial arbitration proceeding. Any Award by the individual arbitrator that is not subject to appeal, and any panel award on appeal, will be final and binding, except for any appeal right under the Federal Arbitration Act, and may be entered as a judgment in any court of competent jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Unless otherwise consented to in writing by all parties to the arbitration: (1) no arbitration will proceed on a class, representative, or collective basis (including as private attorney general on behalf of others), even if the claim or claims that are the subject of the arbitration had previously been asserted (or could have been asserted) in a court as class representative, or collective actions in a court; (2) no party to an arbitration may join, consolidate, or otherwise bring claims for or on behalf of two or more individuals or unrelated corporate entities in such arbitration unless those Persons are parties to a single transaction; and (3) an Award will determine the rights and obligations of the named parties only, and only with respect to the claims in the subject arbitration, and will not: (A) determine the rights, obligations, or interests of anyone other than a named party, or resolve any Dispute of anyone other than a named party; or (B) make an Award for the benefit of, or against, anyone other than a named party. No arbitration administrator or arbitrator will have the power or authority to waive, modify, or fail to enforce this <u>Section</u> 11(k)(vii), and any attempt to do so, whether by rule, policy, arbitration decision or otherwise, will be invalid and unenforceable. Any challenge to the validity of this <u>Section</u> 11(k)(vii) will be determined exclusively by a court of competent jurisdiction in the District of Columbia and not by any arbitration administrator or arbitrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Jurisdiction for Disputes Related to Breaches of Federal Securities Laws</u>. Notwithstanding <u>Section</u> 11(k) above, in the event of a Dispute resulting from the breach of any federal Securities Laws, the parties hereby irrevocably agree that: (i) any action or proceeding arising out of, or otherwise relating to, such Dispute will be will be commenced solely in the applicable court of competent jurisdiction in the District of Columbia; and (ii) summons and complaint commencing an action or proceeding in any such court will be properly served and will confer personal jurisdiction if served personally or by registered mail as provided under the laws of the District of Columbia.

*[Remainder of Page Intentionally Left Blank]*

<u>**SCHEDULE C**</u>

**CERES COIN LLC MEMBER LIST AND TENURES**

**CERES COIN LLC MEMBER LIST AND TENURES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Greg Andersen - Initial Term as Manager 5 years, ending on February 24, 2030;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Charlie Uchill - Initial Term as Manager 5 years, ending on February 24, 2030;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Laird Bunch - Initial Term as Manager 3 years, ending on February 24, 2028;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Jesse Channon - Initial Term as Manager 3 years, ending on February 24, 2028; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Matt Seal - Initial Term as Manager 3 years, ending on February 24, 2028.

<u>SCHEDULE D</u>

**COMPANY OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Greg Andersen - CEO and President;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Charlie Uchill – COO. Executive Vice President, Treasurer, Assistant Secretary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Larry Uchill - Secretary

## Ex1Sa-2B

**Exhibit 2.B.2**

**AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT CM SOLUTIONS LLC**

**A Delaware Limited Liability Company**

**THE UNITS REPRESENTED BY OF THIS AGREEMENT HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER THE SECURITIES ACTS OR LAWS OF ANY STATE IN RELIANCE UPON EXEMPTIONS UNDER THOSE ACTS AND LAWS. THE SALE OR OTHER DISPOSITION OF SUCH UNITS IS RESTRICTED AS STATED IN THIS AGREEMENT, AND IN ANY EVENT IS PROHIBITED UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO IT AND ITS COUNSEL THAT SUCH SALE OR OTHER DISPOSITION CAN BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES ACTS AND LAWS. BY ACQUIRING UNITS REPRESENTED BY THIS AGREEMENT, EACH MEMBER REPRESENTS THAT IT WILL NOT SELL OR OTHERWISE DISPOSE OF ITS UNITS WITHOUT COMPLIANCE WITH THE PROVISIONS OF THIS AGREEMENT AND REGISTRATION OR OTHER COMPLIANCE WITH THE AFORESAID ACTS AND LAWS AND THE RULES AND REGULATIONS ISSUED THEREUNDER.**

**AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF**

**CM SOLUTIONS LLC**

**A Delaware Limited Liability Company**

This Amended and Restated Limited Liability Company Agreement (collectively with all schedules and exhibits hereto, as amended and/or restated from time to time, this "<u>Agreement</u>") of CM Solutions LLC, a Delaware limited liability company agreement (the "Company") is made and entered into as of January 19, 2024 (the "<u>Effective Date</u>") by and among the Persons whose names and addresses are listed on the Schedule of Members attached hereto as <u>Schedule A</u> (the "Schedule of Members"). Unless otherwise indicated, capitalized words and phrases in this Agreement shall have the meanings set forth in the Glossary of Terms attached hereto as <u>Exhibit A</u>.

Previously CoolMellon formed the Company and entered into a Limited Liability Company Agreement dated March 3, 2016 (the "<u>Original Operating Agreement</u>"). Subsequent to that, various individuals became members of the Company, and on the Effective Date certain additional individuals have become members of the Company, and now all such members of the Company are listed on <u>Schedule A</u> attached hereto.

NOW, THEREFORE, in order to carry out their intent as expressed above and in consideration of the mutual agreements hereinafter contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby (i) fully amend and restate the Original Operating Agreement in full, as set forth below, and (ii) agree as follows:

**ARTICLE I**

**FORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Formation; General Terms; Effective Date</u>. The Company was formed on March 3<sup>rd</sup> , 2016 as a Delaware limited liability company by the filing of a Certificate of Formation with the Delaware Secretary of State. The Persons listed on the Schedule of Members are the Members of the Company. The rights and obligations of the Members and the terms and conditions of the Company shall be governed by the Act and this Agreement. To the extent the Act and this Agreement are inconsistent with respect to any subject matter covered in this Agreement, this Agreement shall govern to the extent permitted by law. The name of the Company shall be "CM Solutions LLC." The name of the Company shall be the exclusive property of the Company, and no Member shall have any rights, commercial or otherwise, in the Company's name or any derivation thereof. The Company's name may be changed only by an amendment to the Certificate of Formation of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Purposes</u>. The nature of the business or purposes to be conducted or promoted by the Company is to engage in any lawful act or activity for which limited liability companies may be organized under the Act. Subject to the provisions of this Agreement, the Company shall have the power and authority to take any and all actions necessary, appropriate, advisable, desirable or incidental to or for the furtherance and accomplishment of the foregoing purposes. Notwithstanding anything herein to the contrary, nothing set forth herein shall be construed as authorizing the Company to possess any purpose or power, or to do any act or thing, forbidden by law to a limited liability company organized under the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Principal Place of Business</u>. The principal place of business of the Company shall be at such place as the board of managers (the "<u>Board</u>") may designate from time to time, which need not be in the State of Delaware. The Company may have such other offices (within or without the State of Delaware) as the Board may designate from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4 <u>Registered Agent; Registered Office</u>. The Company's registered agent and registered office are set forth in the Certificate of Formation and may be changed from time to time only by the Board pursuant to the provisions of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5 <u>Commencement and Term</u>. The Company commenced at the time and on the date appearing in the Certificate of Formation and shall continue until it is dissolved, its affairs are wound up and final liquidating distributions are made pursuant to this Agreement and in compliance with the Act.

**ARTICLE II**

**UNITS; CAPITAL CONTRIBUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Classes of Units; Voting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Classes of Units</u>. All interests of the Members in distributions and other amounts specified in this Agreement, as well as the rights of the Members to vote on, consent to, or approve any matter related to the Company, shall be denominated in units of membership interests in the Company (each a "<u>Unit</u>" and collectively, the "<u>Units</u>"), and the relative rights, privileges, preferences and obligations of the Members with respect to Units shall be determined under this Agreement and the Act to the extent provided herein and therein. The Company shall have the authority to issue an aggregate of 100,000 Units. The number and the class of Units held by each Member shall be set forth opposite such Member's name on the Schedule of Members. The Board shall have the power and authority to cause the Company to sell, grant or issue options to acquire 80,000 Class A Units, on terms and conditions determined by the Board in its discretion ("<u>Class A Units</u>"). If so determined by the Board, Class 1 Units may constitute "profits interests" for tax purposes, within the meaning of IRS Revenue Procedure 93-27 and IRS Revenue Procedure 2001-43.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Voting</u>. The Members shall have no right to vote on any matter, except as specifically set forth in this Agreement, or as may be required under the Act. Any such vote shall be at a meeting of the Members entitled to vote or in writing as provided herein. Class A Units are entitled to cast one vote per unit on any matter requiring the approval of the Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Additional Capital Contributions</u>. Subject to <u>Section 5.3</u> and except as otherwise expressly provided in this Agreement, the Board may from time to time authorize and cause the Company to issue additional Units, securities or rights convertible into Units, options or warrants to purchase Units, or any combination of the foregoing, consisting either of the classes of Units authorized hereby or as otherwise may be authorized in accordance with the terms hereof (collectively, "<u>New Securities</u>"), and with such rights, privileges, preferences and restrictions and other terms and conditions, and in exchange for such cash or other lawful consideration, as the Board may determine; <u>provided</u>, <u>however</u>, no Member shall have any obligation to contribute additional capital to the Company except to the extent expressly set forth in <u>Section 3.3</u>. Any such New Securities will be issued pursuant to subscription agreements and such other documents deemed appropriate by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Liability of Members</u>. No Member shall be liable for any debts or losses of capital or profits of the Company or be required to guarantee the liabilities of the Company. Except as set forth in <u>Section 2.2</u> (to the extent such Member exercises its participation rights), <u>Section 2.4</u>, or <u>Section 3.3</u>, no Member shall be required to contribute or lend funds to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Capital Contributions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The initial Capital Contribution (if any) and additional Capital Contribution(s) (if any) of each Member to the capital of the Company shall be set forth opposite such Member's name under the heading "Cash Contribution" on the Schedule of Members and in the Company's books and records.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Capital Accounts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A separate capital account (each a "<u>Capital Account</u>") shall be maintained for each Member in accordance with the rules of Treasury Regulations Section 1.704-1(b)(2)(iv), and this <u>Section 2.5</u> shall be interpreted and applied in a manner consistent therewith. Whenever the Company would be permitted to adjust the Capital Accounts of the Members pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(*f*) to reflect revaluations of Company property or issuances of additional interests in the Company, or at any other time when such an adjustment would otherwise be permitted under such Treasury Regulations, the Company, at the direction of the Board, may so adjust the Capital Accounts of the Members. In the event that the Capital Accounts of the Members are adjusted pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(*f*) to reflect revaluations of Company property, (i) the Capital Accounts of the Members shall be adjusted in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(*g*) for allocations of depreciation, depletion, amortization and gain or loss, as computed for book purposes, with respect to such property, (ii) the Members' distributive shares of depreciation, depletion, amortization and gain or loss, as computed for tax purposes, with respect to such property shall be determined so as to take account of the variation between the adjusted tax basis and book value of such property in the same manner as Section 704(c) allocations are made under <u>Section 4.3</u> of this Agreement, and (iii) the amount of upward and/or downward adjustments to the book value of the Company property shall be treated as income, gain, deduction and/or loss for purposes of applying the allocation provisions of <u>Article IV</u>. In the event that Section 704(c) of the Code applies to Company property, the Capital Accounts of the Members shall be adjusted in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(*g*) for allocations of depreciation, depletion, amortization and gain and loss, as computed for book purposes, with respect to such property. No Member shall have any obligation to restore any portion of any deficit balance in such Member's Capital Account, whether upon liquidation of its Units, liquidation of the Company or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Guaranteed Payments ("<u>Guaranteed Payments</u>") for salary, wages, fees, payments on loans, rents, etc., may be made by the Company to the Members. Guaranteed Payments shall not be deemed to be distributions to the Members on account of their Units, and shall not be charged to the Members' capital accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As of the Effective Date, each Member's Capital Account is reflected opposite such Member's name under the heading "Capital Account" on the Schedule of Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Except as otherwise expressly provided in this Agreement, (i) no Member shall be entitled to withdraw or receive any part of its Capital Account or receive any distribution with respect to its Units, (ii) no Member shall be entitled to receive any interest on its Capital Account or Capital Contributions, (iii) each Member shall look solely to the assets of the Company for the return of its Capital Contributions and distributions with respect to its Units, (iv) no Member shall have any right or power to demand or receive any property or cash from the Company and (v) no Member shall have priority over any other Member as to the return of its Capital Contributions.

**ARTICLE III**

**DISTRIBUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Distributions</u>. Subject to the provisions of <u>Section 3.2</u> and <u>3.3</u>, the Company shall make distributions, if any, to the Members as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the provisions of <u>Sections 3.1(b)</u> and <u>3.2</u>, any distributions that the Company may make to the Members shall be made <u>pro rata</u> in accordance with the aggregate number of such Units held.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event of the dissolution and liquidation of the Company, the assets of the Company shall be disbursed in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) first, to make payment of all debts and liabilities owing to creditors and the expenses of dissolution or liquidation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) second, to establish such reserves as reasonably deemed by the Board necessary for any contingent or unforeseen liabilities or obligations of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Third, to the holders of Class A Units on a Unit-by-Unit basis, <u>pro rata</u> in accordance with the respective Unreturned Capital in respect of each such Unit until the Company has distributed to the holder of such Unit in respect of such Unit an amount equal to such Unit's respective Unreturned Capital; provided, however that no distribution in respect of a Unit under this <u>Section 3.1(b)(iii)</u> shall be made in excess of the Capital Account of such holder attributable to such Unit at the time immediately preceding such distribution.; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Fourth, to each holder of Units, <u>pro rata</u> in accordance with their respective percentage interests in the Company, as reflected in Schedule A attached hereto. Notwithstanding any provision of the Act, except as otherwise provided in this Agreement, no Person that ceases to be a Member of the Company shall be entitled to receive the fair value of such Person's interest in the Company prior to the dissolution and winding up of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Withholding</u>. If any federal, foreign, state or local jurisdiction requires the Company to withhold taxes or other amounts with respect to any Member's allocable share of taxable income or any items thereof, or with respect to distributions, the Company shall withhold from distributions or other amounts then due to such Member an amount necessary to satisfy the withholding responsibility and shall pay any amounts withheld to the appropriate taxing authorities. In such a case, for purposes of this Agreement the Member for whom the Company has paid the withholding tax shall be deemed to have received the withheld distribution or other amount due and to have paid the withholding tax directly and such Member's share of cash distributions or other amounts due shall be reduced by a corresponding amount.If it is anticipated that, at the due date of the Company's withholding obligation, the Member's share of cash distributions or other amounts due is less than the amount of the withholding obligation, the Member with respect to which the withholding obligation applies shall pay to the Company the amount of such shortfall within thirty (30) days after notice by the Company. If a Member fails to make the required payment when due hereunder, and the Company nevertheless pays the withholding, in addition to the Company's remedies for breach of this Agreement, the amount paid shall be deemed a recourse loan from the Company to such Member bearing interest at the Default Rate, and the Company shall apply all distributions or payments that would otherwise be made to such Member toward payment of the loan and interest, which payments or distributions shall be applied first to interest and then to principal until the loan is repaid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Tax Distributions</u>. Within 90 days after the end of each calendar year, to the extent of any available cash on hand, the Company shall distribute to each Member (any such distribution, a "<u>Tax Distribution</u>") an amount such that total distributions under <u>Sections 3.1</u> and <u>3.3</u> to such Member with respect to the calendar year recently ended are at least equal to the assumed federal, state and local income tax liability (such liability, a "<u>Tax Liability</u>") incurred by such Member with respect to such Member's distributive share of the Company's taxable net income for such taxable year. For purposes of the computation required by this <u>Section 3.3</u>, the taxable net income for a taxable year allocated to each Member shall be deemed to be reduced by any prior net loss allocated to such Member that was not previously taken into account under this sentence. Capital losses included in any such prior net losses shall be included in the computation only to the extent of subsequent capital gains. In calculating the amount of each Tax Distribution, the Company shall assume that each Member is taxable at the highest combined effective federal and state income tax rate applicable to individuals under the Code and the laws of the state in which any Member of the Company resides or where the Company does business and which state has highest effective state income tax rate of all of the states in which any Members of the Company reside or where the Company does business, giving effect to the different tax rates attributable to different types of income earned by the Company, and the deductibility of state taxes for federal income tax purposes. Any Tax Distribution shall be treated as an advance on the Member's rights to distributions under <u>Section 3.1</u>, and shall reduce the amount of the first such distributions on a dollar-for-dollar basis. To the extent of available cash on hand, the Company may make advance Tax Distributions on a quarterly basis in the amounts estimated by the Board of Directors to represent the Members' liabilities for quarterly estimated taxes. Any such advance Tax Distributions shall similarly reduce the Members' rights to distributions under <u>Section 3.1</u> (and to the amount of the annual distribution under this Section <u>3.3</u>). If, as of the end of a taxable year, the aggregate advance Tax Distributions paid to a Member with respect to the Member's Tax Liability for such taxable year exceed the aggregate amount of Tax Distributions to which the Member is entitled for such taxable year, the Member shall promptly refund such excess to the Company and any such refunded amount shall be treated as if it were never distributed.

**ARTICLE IV**

**ALLOCATIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Allocations</u>. Subject to Section 4.2, net income or net loss (or any items thereof), after deducting Guaranteed Payments, for each taxable year shall be allocated among the Members in such amounts and ratios as may be necessary to cause the Members' Capital Account balances (determined after crediting to each Member's Capital Account any amount that such member is deemed obligated to restore under Treasury Regulations Section 1.704-2) to be as nearly equal to their Target Balances as possible.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Qualified Income Offset, etc</u>. To the extent the allocation provisions of Section 4.1 would not comply with the Treasury Regulations under Section 704(b) of the Code, there is hereby included in this Agreement such special allocation provisions governing the allocation of income, gain, loss, deduction and credit (prior to making the remaining allocations in conformity with Section 4.1) as may be necessary to provide herein a so-called "qualified income offset," and ensure that this Agreement complies with all provisions, including "minimum gain" provisions, relating to the allocation of so-called "nonrecourse deductions" and "partner nonrecourse deductions" and the charge back thereof as are required to comply with the Treasury Regulations under Section 704 of the Code. In particular, so-called "nonrecourse deductions" and "excess nonrecourse liabilities," as defined in the Treasury Regulations under Sections 704 and 752 of the Code, shall be allocated to the Members in proportion to the ratios in which they would share distributions under Section <u>3.1</u> if all distributions were made pursuant to such section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Section 704(c) Allocations</u>. In accordance with Section 704(c) of the Code and the Treasury regulations thereunder, items of depreciation, amortization, gain, loss, and deduction with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its initial book value, with such allocation to be made by the Board in accordance with Section 4.5 and the Treasury regulations. Such allocations are referred to herein as "Section 704(c) Allocations".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 <u>Allocations for Tax Purposes</u>. Subject to Sections 2.5(a) and 4.3, items of income, gain, deduction and loss for federal income tax purposes shall be allocated in the same manner as the corresponding items are allocated for book purposes pursuant to this Article IV.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 <u>Tax Elections</u>. Any elections or other decisions relating to tax matters shall be made by the Board in any manner that reasonably reflects the purpose and intention of this Agreement.

**ARTICLE V**

**MANAGEMENT AND GOVERNANCE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Management by Board; Specific Acts Authorized; Delegation of Authority by the Board</u>. Except where the approval of any Member is required by this Agreement (including <u>Section 5.7</u>) or by non-waivable provisions of the Act, the business and affairs of the Company shall be managed by a board of managers (the "<u>Board</u>"), and such Persons constituting the Board shall be the "managers" of the Company for all purposes under the Act (each, a "<u>Manager</u>"). Except as otherwise provided herein, including <u>Section 5.7</u>, the Board shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business. No Manager shall individually have the authority to bind the Company and may only bind the Company through actions taken or approved by the Board in accordance with the terms of this Agreement. Except as provided otherwise in this Agreement or by non-waivable provisions of the Act, at any time when there is more than one (1) Manager serving, the decision of a majority of the Managers shall be required for the Managers to take any action permitted to be taken under this Agreement or the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Appointment and Replacement of Managers</u>**.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) As of the date hereof, the Company shall have two Managers serving on the Board, who shall be nominated, appointed, removed and replaced in the manner set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For so long as it continues to hold Units, CoolMellon LLC shall have the right to appoint and remove two (2) managers to the Board, who shall initially be Charlie Uchill and John G. Anderson

The size of the Board may be increased from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Manager appointed pursuant to the foregoing provisions shall serve until his or her removal, resignation, death or permanent disability, in each case, in accordance with this <u>Section 5.2</u>. Any Manager may resign at any time by delivering written notice to the Company. Such resignation shall be effective upon receipt unless it is specified to be effective at some other time or upon the happening of some other event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) CoolMellon LLC, as the Member holding more than a 50% interest in the Company (the "**CM Member**") shall have the right at any time to remove any Manager appointed by the CM Member. If as a result of resignation, removal, death or disability, there shall exist or occur any vacancy on the Board of Managers, the Member that initially appointed such resigning, removed, deceased or disabled Manager may appoint another individual to fill such vacancy and serve as a Manager by delivering a notice to the Board signed by the party or parties entitled to make such appointment. the CM Member covenants and agrees that in the event such Member ceases to have the right to appoint a Manager pursuant to <u>Section 5.2(a)</u>, such Member shall promptly take all action desirable or necessary to cause the removal of the Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Meetings of the Board</u>. Meetings of the Board may be called by any Manager. Notice of any meeting shall be given pursuant to <u>Section 11.1</u> below to all Managers not less than forty-eight (48) hours prior to the meeting. A majority of Managers shall be required to constitute a quorum for the transaction of business by the Board; provided, however, that if there are two (2) or fewer Managers then serving on the Board, all Managers shall be required to constitute a quorum for the transaction of business by the Board. Except as otherwise provided in this Agreement, the approval of a majority of the Managers present at any duly constituted meeting of the Board at which a quorum is present shall be required for the Board to take any action; provided, however, that if there are two (2) or fewer Managers then serving on the Board, approval by all Managers shall be required for the Board to take any action. A notice need not specify the purpose of any meeting. Notice of a meeting need not be given to any Manager who signs a waiver of notice, a consent to holding the meeting or an approval of the minutes thereof, whether before or after the meeting, or who attends the meeting without protesting the lack of notice prior to the commencement of the meeting. All such waivers, consents and approvals shall be filed with the Company's records or made a part of the minutes of the meeting. Managers may participate in any meeting of the Managers by means of conference telephones or other means of electronic communication so long as all Managers participating can hear or communicate with one another. A Manager so participating is deemed to be present at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Board Action by Written Consent</u>. Any action that is permitted or required to be taken by the Board may be taken or ratified by written consent setting forth the specific action to be taken, which written consent is signed by all of the Managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>Limitation of Liability; Fiduciary Duties</u>. No Manager shall be obligated personally for any debt, obligation or liability of the Company or of any Member, whether arising in contract, tort or otherwise, by reason of being or acting as Manager of the Company. No Manager shall be personally liable to the Company or its Members for any action undertaken or omitted in good faith reliance upon the provisions of this Agreement unless the acts or omissions of the Manager were not in good faith or involved criminal activity, willful misconduct, fraud, or a knowing violation or breach of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>Officers</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Enumeration. Except as otherwise provided herein, the Board may appoint one or more officers of the Company (each an "<u>Officer</u>" and, collectively, the "<u>Officers</u>"), which shall consist of a Chief Executive Officer and President, and a Treasurer and a Secretary, and which may consist of such other Officers, including a Chairman of the Board, Chief Operating Officer, one or more Vice Presidents, Assistant Treasurers and Assistant Secretaries, as the Board may determine. If authorized by a resolution of the Board, the Chief Executive Officer may be empowered to appoint from time to time Assistant Secretaries and Assistant Treasurers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Election</u>. The President, Chief Executive Officer, Treasurer and Secretary shall be elected annually by the Board at their first meeting. Other Officers may be chosen by the Board at such meeting or at any other meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Qualification</u>. An Officer need not be a Member or Manager. Any number of offices may be held by the same Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Tenure</u>. Except as otherwise provided by the Act or by this Agreement and unless otherwise specified in the vote appointing him or her, each of the Officers shall hold office until his or her successor is elected or until his or her earlier resignation or removal. Any Officer may resign by delivering his or her written resignation to the Company or to the Chief Executive Officer or Secretary, and such resignation shall be effective upon receipt unless it is specified to be effective at some other time or upon the occurrence of some other event.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Removal</u>. Any Officer elected or appointed by the Board or by the Chief Executive Officer may be removed at any time by the Board, except that any Officer appointed by the Chief Executive Officer may also be removed at any time by the Chief Executive Officer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Vacancies</u>. Any vacancy in any office may be filled for the unexpired portion of the term by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>President</u>. The Chief Executive Officer and President, subject to the direction of the Board, shall have general supervision and control of the Company's business. Unless otherwise provided by the Board, he or she shall preside, when present, at all meetings of the Members. Any action taken by the President, and the signature of the President on any agreement, contract, instrument or other document on behalf of the Company shall, with respect to any third-party, be sufficient to bind the Company and shall conclusively evidence the authority of the President and the Company with respect thereto. The President shall initially be John G. Anderson.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Chief Operating Officer</u>. The Chief Operating Officer shall be responsible for strategy and operations, and shall have other powers and perform such other duties as may be prescribed by the Board or this Agreement. Any action taken by the Chief Operating Officer, and the signature of the Chief Operating Officer on any agreement, contract, instrument or other document on behalf of the Company shall, with respect to any third-party, be sufficient to bind the Company and shall conclusively evidence the authority of the President and the Company with respect thereto. The Chief Operating Officer shall initially be Charlie Uchill.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Treasurer</u>. The Treasurer shall have custody of all funds, securities, and valuable documents of the Company and shall have general charge of the financial affairs of the Company. The Treasurer shall initially be John G. Anderson.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <u>Secretary; Assistant Secretaries</u>. The Secretary shall record all the proceedings of the meetings of the Board in books kept for that purpose. In his or her absence from any such meeting an Assistant Secretary, or if there be none or he or she is absent, a temporary secretary chosen at the meeting, shall record the proceedings thereof. The Secretary shall have such other duties and powers as may be designated from time to time by the Board, the President or the Chief Operating Officer. The Secretary shall initially be Charlie Uchill.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <u>Authority to Enter into Contracts</u>. The President and Chief Operating Officer shall each have the authority to approve and sign contracts on behalf of the Company for $1000 or less. Any other contracts approved by the Board (including contracts relating to intellectual property, employment, non-competition and non-solicitation, operational restrictions or real estate) shall require the signature of either the President or the Chief Operating Officer. Any action taken by the Chief Executive Officer, and the signature of the Chief Executive Officer on any agreement, contract, instrument or other document on behalf of the Company shall, with respect to any third-party, be sufficient to bind the Company and shall conclusively evidence the authority of the Chief Executive Officer and the Company with respect thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <u>Other Powers and Duties</u>. Subject to this Agreement, each officer of the Company shall have, in addition to the duties and powers specifically set forth in this Agreement, such duties and powers as are customarily incident to his or her office, and such duties and powers as may be designated from time to time by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>Certain Approval Rights</u>. Notwithstanding anything contained in this Agreement to the contrary, without the prior written consent of the Requisite Members, the Company shall not directly, or indirectly, by amendment, merger, recapitalization, sale, consolidation or otherwise (each a "<u>Major Decision</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Amend or modify this Agreement or the Certificate of Formation or the Company's form of existence in any manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Liquidate, dissolve, effect a recapitalization or reorganization in any form of transaction, commence a voluntary case under the U.S. bankruptcy code or any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, consent to the entry of an order for relief in an involuntary case, or the conversion of an involuntary case to a voluntary case, under any such law, consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property, or make a general assignment for the benefit of creditors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) Effect any IPO or any Sale Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Enter into any agreement or otherwise obligate the Company or any Subsidiary to do any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.8 <u>Conversion to Corporation; Registration</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that at any time after the Effective Date the Board and the Requisite Members shall determine that it shall facilitate an offering of equity interests in the Company or a successor through an IPO or for any other purpose approved by the Board, in the Board's sole discretion, then the Board shall have the power to cause the Company to be reorganized as a corporation under the General Corporation Law of the State of Delaware (or such other state as is approved by the Board) by incorporation, merger, contribution or other permissible manner (a "<u>Conversion</u>"), and the Members shall cooperate in good faith to effectuate such Conversion and, if applicable, public offering, including without limitation, taking such actions as are necessary or appropriate to cause, including (i) dissolving the Company, creating one or more Subsidiaries of the newly formed corporation and transferring to such Subsidiaries any or all of the assets of the Company (including by merger) or (ii) causing the Members to, and the Members agree to, exchange their Units for shares of the newly formed corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Members shall receive, in exchange for their respective Units, shares of capital stock of such corporation or its Subsidiaries having the same relative economic interest and other rights and obligations in such corporation or its Subsidiaries as is set forth in this Agreement, subject to any modifications deemed appropriate by the Board with the consent of the Requisite Members as a result of the conversion to corporation form. Without limiting the generality of the foregoing, in the event of a transfer of the Units to a newly-formed corporation, the Members shall receive, in exchange for their Units, shares of capital stock of the corporation as if such transfer were a liquidation in exchange for capital stock of such corporation and giving effect to the terms of <u>Section 5.8</u>. In connection with any such Conversion, such resulting corporation and the Members shall enter into a stockholders' agreement providing for such terms and conditions as are necessary for the provisions of this Agreement to continue to apply to such resulting corporation, the stockholders of such resulting corporation and the capital stock of such resulting corporation, including, but not limited to, an agreement to vote all shares of capital stock held by such stockholders to elect the board of directors of such resulting corporation in accordance with the substance of <u>Sections 5.1 and 5.2</u>, subject to such changes as deemed appropriate by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Members hereby agree to cause any such Conversion to be structured, to the extent reasonably achievable, to maximize the ability of the Members to aggregate (or "tack") the period during which they hold their Units together with the period during which they hold shares of capital stock of the resulting corporation for purposes of the United States securities laws, including Rule 144 under the Securities Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9 <u>Market Stand-Off</u>. Each Member hereby agrees that it will not, without the prior written consent of the managing underwriter, during the period commencing on the date of the final prospectus relating to an IPO and ending on the date specified by the Company or its successor and the managing underwriter (such period not to exceed one hundred eighty (180) days, <u>which period may be extended upon the request of the managing underwriter, to the extent required by any</u> Financial Industry Regulatory Authority <u>rules, for an additional period of up to fifteen (15) days if the Company issues or proposes to issue an earnings or other public release within fifteen (15) days of the expiration of the 180-day lockup period)</u>, (i) lend, offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of capital stock of the Company or its successor or any securities convertible into or exercisable or exchangeable for such capital stock held immediately prior to the effectiveness of the registration statement for such offering, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such capital stock, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of capital stock or other securities, in cash or otherwise (the "<u>Market Stand-Off</u>"). The foregoing provisions of this <u>Section 5.9</u> shall apply only to the IPO, shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, and shall only be applicable to the Members if all officers, directors and significant stockholders (as determined by the underwriter of the IPO) of the Company or its successor enter into similar agreements. The underwriters in connection with the IPO are intended third-party beneficiaries of this <u>Section 5.9</u> and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. Each Member further agrees to execute such agreements as may be reasonably requested by the underwriters in the IPO that are consistent with this <u>Section 5.9</u> or that are necessary to give further effect thereto. Any discretionary waiver or termination of the restrictions of any or all of such agreements by the Company or the underwriters shall apply to all Members subject to such agreements pro rata based on the number of shares subject to such agreements. In order to enforce the foregoing covenant, the Company or its successor may impose stop-transfer instructions with respect to the common stock of each Member (and the shares or securities of every other person subject to the foregoing restriction) until the end of such period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10 <u>Drag-Along Rights</u>. If the Requisite Members approve in writing a sale of the Company, whether by merger, consolidation, sale of all or substantially all of the assets of the Company or a sale of all or substantially all of the outstanding Units of the Company, in a single transaction or series or related transaction (a "<u>Sale</u>"), each Member will consent to and raise no objections to the Sale, and (i) if the Sale provides for the purchase of all or substantially all of the Company's issued and outstanding Units, each Member holding Units will agree to sell, and will sell, all of such Member's Units on the terms and conditions (including any escrow or indemnification provisions) so approved, (ii) if the Sale is structured as a merger or consolidation, each Member holding Units will vote in favor thereof and will not exercise any dissenters' rights of appraisal such Member may have under law, and (iii) if the Sale provides for the sale of all or substantially all of the assets of the Company, each Member holding Units with voting rights will vote in favor thereof and will vote in favor of subsequent dissolution and liquidation of the Company. Each Member holding Units will take all necessary actions, in its capacity as a Member, in connection with the consummation of the Sale as are reasonably requested by the Board and/or Requisite Members. The obligations of the Members pursuant to this Section with respect to a Sale are subject to the following conditions: (a) the consideration payable upon consummation of such Sale to all of the Members shall be allocated among the Members as set forth in <u>Section 3.1</u>, and (b) upon the consummation of the Sale, all of the Members shall receive the same form of consideration per Unit of the same class or other equity interest. To the extent that a Member does not take any actions when requested by the Board pursuant to this Section each such Member hereby constitutes and appoints the Board as such Member's true and lawful Attorney-in-Fact and authorizes the Attorney-in-Fact to execute on behalf of such Member any all documents and instruments which the Attorney-in-Fact deems necessary and appropriate in connection with the Sale. The foregoing power of attorney is irrevocable and is coupled with an interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.11 <u>Exculpation and Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Exculpation</u>. No Officer or Manager shall be liable to any other Officer, Manager, the Company or to any Member for any loss suffered by the Company unless such loss is caused by such Person's gross negligence, willful misconduct, violation of law or material breach of this Agreement. The Officers and the Managers shall not be liable for errors in judgment or for any acts or omissions that do not constitute gross negligence, willful misconduct, violation of law or material breach of this Agreement. Any Officer or Manager may consult with counsel and accountants in respect of Company affairs, and provided such Person acts in good faith reliance upon the advice or opinion of such counsel or accountants, such Person shall not be liable for any loss suffered by the Company in reliance thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Right to Indemnification</u>. Subject to the limitations and conditions as provided in this Section, each Person who was or is made a party or is threatened to be made a party to or is involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, arbitrative (hereinafter a "Proceeding"), or any appeal in such a Proceeding or any inquiry or investigation that could lead to such a Proceeding, by reason of the fact that he or she, or a Person of whom he or she is the legal representative, is or was a Member, a Manager or Officer, or while a Member, a Manager or Officer is or was serving at the request of the Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise shall be indemnified by the Company to the fullest extent permitted by the Delaware Act, as the same exist or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Company to provide broader indemnification rights than said law permitted the Company to provide prior to such amendment) against judgments, penalties (including excise and similar taxes and punitive damages), fines, settlements and reasonable expenses (including attorneys' fees) actually incurred by such Person in connection with such Proceeding, and indemnification under this Section shall continue as to a Person who has ceased to serve in the capacity which initially entitled such Person to indemnity hereunder. The rights granted pursuant to this Section shall be deemed contract rights, and no amendment, modification or repeal of this Section shall have the effect of limiting or denying any such rights with respect to actions taken or Proceedings arising prior to any amendment, modification or repeal. It is expressly acknowledged that the indemnification provided in this <u>Article V</u> could involve indemnification for negligence or under theories of strict liability.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Advance Payment</u>. Reasonable expenses incurred by a Person of the type entitled to be indemnified under this Section who was, is or is threatened to be made a named defendant or respondent in a Proceeding shall be paid by the Company in advance of the final disposition of the Proceeding (unless otherwise determined by the Board in the specific case) upon receipt of an undertaking by or on behalf of such Person to repay such amount if it shall ultimately be determined that he or she is not entitled to be indemnified by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Indemnification of Employees and Agents</u>. The Company, by adoption of a resolution of the Board, may indemnify and advance expenses to an employee or agent of the Company to the same extent and subject to the same conditions under which it may indemnify and advance expenses to Persons who are not or were not the Managers or Officers but who are or were serving at the request of the Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited liability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any liability asserted against such Person and incurred by such Person in such a capacity or arising out of such Person's status as such a Person to the same extent that it may indemnify and advance expenses to the Managers and Officers under this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Appearance as a Witness</u>. Notwithstanding any other provision of this <u>Article V</u>, the Company shall pay or reimburse reasonable out-of-pocket expenses incurred by a Manager or an Officer in connection with his appearance as a witness or other participation in a Proceeding at a time when he is not a named defendant or respondent in the Proceeding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Nonexclusivity of Rights</u>. The right to indemnification and the advancement and payment of expenses conferred in this Section shall not be exclusive of any other right which a Manager, an Officer or other Person indemnified pursuant to this Section may have or hereafter acquire under any law (common or statutory), provision of the Certificate of Formation or this Agreement, agreement, vote of Members or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Insurance.</u> The Company may purchase and maintain insurance, at its expense, to protect itself and any Person who is or was serving as a Manager, an Officer or agent of the Company or is or was serving at the request of the Company as a manager, director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic limited ability company, corporation, partnership, joint venture, sole proprietorship, trust, employee benefit plan or other enterprise against any expense, liability or loss, whether or not the Company would have the power to indemnify such Person against such expense, liability or loss under this Section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Savings Clause</u>. If this Section or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify and hold harmless each Manager, each Officer or any other Person indemnified pursuant to this Section as to costs, charges and expenses (including attorneys' fees), judgments, fines and amounts paid in settlement with respect to any action, suit or proceeding, whether civil, criminal, administrative or investigative to the full extent permitted by any applicable portion of this Section that shall not have been invalidated and to the fullest extent permitted by applicable law.

**ARTICLE VI**

**TRANSFER OF INTERESTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>In General</u>. Except as otherwise set forth in this <u>Article VI</u>, a Member may not effect a Transfer of all or any portion of its Units, unless such Transfer is approved by the Company or the Board and complies with the applicable provisions of this <u>Article VI</u>. Any Transfer that does not comply with this <u>Article VI</u> shall be void ab initio and of no force or effect. The terms and conditions on this <u>Article VI</u> shall terminate and be of no further force or effect immediately before consummation of an IPO or a liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.2 <u>Limited Exception For Transfers of Units</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Certain Permitted Transfers</u>. Subject to any other restrictions contained in any agreement between the Company and such Member, each Member may effect a Voluntary Transfer to one or more Permitted Transferees of all or a portion of the Units owned by such Member; <u>provided</u> that in each case the Permitted Transferee shall have become a Member in accordance with <u>Section 6.3</u> and all Units so Transferred shall continue to be subject to all provisions of this Agreement as if such Units were still held by such Member; and <u>provided further</u>, that no further Transfer shall thereafter be permitted hereunder except (i) by the Permitted Transferee back to the transferring Member or (ii) to another Permitted Transferee of such Member in compliance with this <u>Article VI</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Right of First Refusal</u>. Each Member agrees that at least thirty (30) days prior to making any Voluntary Transfer of any Units (other than Transfers effected pursuant to <u>Section 6.2(a)</u>, Transfers in connection with a Sale Transaction and the forfeiture or repurchase of unvested Units by the Company in connection with the termination of the holder's employment or other service relationship with the Company), the Member proposing to effect a Voluntary Transfer (a "<u>Selling Member</u>") shall deliver a written notice (a "<u>Offer Notice</u>") to the Company and the Members. The Offer Notice shall disclose in reasonable detail the proposed number and class of Units to be transferred and the proposed terms (including price and whether paid in one lump sum or in installments) and conditions of the Transfer (the "<u>Minimum Sale Terms</u>"). First, the Company, upon the approval of the Board, may elect to purchase up to all of the Selling Member's Units specified in the Offer Notice at the price and on the terms specified therein by delivering written notice of such election to the Selling Member and the other Members as soon as practical but in any event within ten (10) days after the delivery of the Offer Notice. If the Company has not elected to purchase all of the Selling Member's Units within such ten (10) day period, the then all other Members may elect to purchase up to such Member's pro rata share of all of such Selling Member's Units not purchased by the Company (the "<u>Remaining Units</u>") at the price and on the terms specified in the Offer Notice by delivering written notice of such election to the Selling Member as soon as practical, but in any event within thirty (30) days after delivery of the Offer Notice. If the Members have, in the aggregate, elected to purchase more than the number of the Remaining Units, the Remaining Units shall be allocated among such Members electing to purchase Remaining Units according to a percentage interest equal to, with respect to each Member electing to purchase Remaining Units, (x) the number of Units held by each such Member electing to purchase Remaining Units divided by (y) the total number of Units held by all Members electing to purchase Remaining Units. If the Company and/or any Founding have elected to purchase Selling Member's Units from the Selling Member, the Transfer of such Units shall be consummated as soon as practical after the delivery of the election notices, but in any event within sixty (60) days after the delivery of the Offer Notice to the Company and the Members. To the extent the Company and the Members have not elected to purchase all of the Selling Member's Units being offered, the Selling Member may, within one hundred twenty (120) days after the delivery of the Offer Notice to the Company and the Members and, to the extent applicable, Transfer such Selling Member's Units not elected to be purchased by the Company and the Members to one (1) or more third-parties at a price(s) no less than the price(s) per share specified in the Offer Notice and on other terms no more favorable to the transferees than offered to the Company and the Members in the Offer Notice. The purchase price(s) specified in any Offer Notice shall be payable solely in cash at the closing of the transaction or in installments over time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Effect of Non-Compliance</u>. Any attempted Transfer not permitted by and in compliance with this <u>Section 6.2</u> shall be null and void, and the Company shall not recognize the attempted purchaser, assignee, or transferee for any purpose whatsoever, and the Member attempting such Transfer shall have breached this Agreement for which the Company and the shall have all remedies available for breach of contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 <u>Admission as a Member</u>. No Transfer of Units shall be effective and no Person taking or acquiring, by whatever means, all or any portion of an Units shall be admitted as a Member unless (in addition to the requirements of <u>Section 6.2</u>) such proposed Transfer complies with each of the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Prior Notice</u>. In the case of a Voluntary Transfer, the Member proposing to effect a Voluntary Transfer delivers a notice to the Company at least ten (10) days prior to any proposed Voluntary Transfer of Units otherwise permitted pursuant to <u>Section 6.2</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Securities Law Compliance</u>. In the case of either a Voluntary Transfer or an Involuntary Transfer, either (i) the Units are registered under the Securities Act and the rules and regulations thereunder, and any applicable state securities laws; or (ii) the Company and its counsel determine that the Transfer qualifies for an exemption from the registration requirements of the Securities Act, any applicable state securities laws and any securities laws of any applicable jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Termination</u>. In the case of either a Voluntary Transfer or an Involuntary Transfer, the Transfer will not (i) result in the taxation of the Company as an association taxable as a corporation or otherwise subject the Company to entity-level taxation for federal income tax purposes or (ii) affect the Company's existence or qualification as a limited liability company under the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>LLC Agreement</u>. Such proposed transferee agrees to become a Member by executing and delivering a joinder to this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Assignment</u>. Such Member and its proposed transferee execute, acknowledge, and deliver to the Company a written assignment of the Units in such form as may be required by the Board.

The Board shall amend the Schedule of Members from time to time to reflect the admission of Members pursuant to this <u>Section 6.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 <u>Distributions and Allocations With Respect to Transferred Units</u>. If any Units are transferred (by Voluntary Transfer or Involuntary Transfer) during any Fiscal Year in compliance with the provisions of this <u>Article VI</u>, then (i) allocations of net income and net loss with respect to the Units for such period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during such Fiscal Year in accordance with Code Section 706(d) using any conventions permitted by the Code and selected by the transferor and transferee in connection with the transfer and approved by the Board; (ii) all distributions on or before the date of such transfer shall be made to the transferor, and all distributions thereafter shall be made to the transferee; and (iii) the transferee shall succeed to and assume the Capital Account and other similar items of the transferor to the extent related to the transferred Units. Solely for purposes of making the allocations and distributions, the Company shall recognize such transfer not later than the end of the calendar month during which the Company receives notice of such transfer and all of the conditions in <u>Section 6.2</u> are satisfied. If the Company does not receive a notice stating the date the Units were transferred and such other information as the Company may reasonably require within thirty (30) days after the end of the Fiscal Year during which the transfer occurs, then all of such items shall be allocated, and all distributions shall be made to the Person, who, according to the books and records of the Company on the last day of the Fiscal Year during which the transfer occurs, was the owner of the Units. Neither the Company nor any Member shall incur any liability for making allocations and distributions in accordance with the provisions of this <u>Section 6.4</u>, whether or not such Person had knowledge of any transfer of ownership of any Units. Any Member proposing to transfer all or a portion of any interest in the Company (or the transferee of such interest) shall be required to pay the Company's reasonable out-of-pocket costs incurred in connection with the proposed transfer, including any additional accounting, tax preparation or other administrative expenses incurred (or to be incurred) by the Company as a result of any tax basis adjustments under Code Section 743.

**ARTICLE VII**

**BUY-SELL OPTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Buy-Sell Option</u>. If the Board and Members are unable to agree on a Major Decision, they shall first negotiate in good faith for a period of not less than thirty (30) days to reach an agreement on such Major Decision. If they are not able to agree after such thirty (30) day period, then for so long as they remain unable to agree on such Major Decision, a Member (the "<u>Initiating Member</u>") shall have the right to purchase all of the Units of the remaining Members (the "<u>Receiving Members</u>") or sell all of his or her own Units to the Receiving Members on an all-cash basis in an amount and in the manner set forth in this <u>Article VII</u>. The provisions of this Article VII shall apply notwithstanding the restrictions of <u>Article VI</u>. The Initiating Member may exercise this right by delivering to the Receiving Members a notice (the "<u>Exercise Notice</u>") stating:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) That the Initiating Member will, at the option of the Receiving Members, either(i) purchase for cash all of the Receiving Members' Units or (ii) sell for cash all of the Initiating Member's Units to the Receiving Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The purchase price (the "<u>Purchase Price</u>") is the price stated in the Exercise Notice for which the Initiating Member is either willing to sell his or her Units to the Receiving Members or in the alternative to purchase the Receiving Members' Units from the Receiving Members. The Purchase Price shall be adjusted proportionately to reflect the difference in the Percentage Interests of the Units of the Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Election of the Receiving Members</u>. The Receiving Members shall have sixty (60) days after receipt of the Exercise Notice to deliver written notice (the "<u>Second Notice</u>") to the Initiating Member stating their election to purchase the Units of the Initiating Member or sell their Units to the Initiating Member. If the Receiving Members do not exercise their option to purchase all of the Initiating Member's Units within sixty (60) days after receipt of the Exercise Notice, the Receiving Members shall conclusively be deemed to have agreed to sell their Units to the Initiating Member. For purposes of this Article VII, the Member or Members who are purchasing shall be known as the "<u>Purchasing Member</u>," and the Member or Members who are selling shall be known as the "<u>Selling Member</u>." All parties agree to cooperate in good faith to prepare and execute all documents necessary or appropriate to consummate the purchase and sale contemplated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Closing</u>. The purchase and sale contemplated by <u>Sections 7.1</u> and <u>7.2</u> hereof shall be consummated within ninety (90) days of the Second Notice (or the expiration of the period in which to send the Second Notice). If such day is not a business day, the closing shall be consummated on the next succeeding business day at such place as may be designated by the Purchasing Member. At the closing of the purchase and sale contemplated by this Article VII, (i) the Purchasing Member shall pay to the Selling Member the Purchase Price in cash (ii) the Purchasing Member and the Selling Member will execute and deliver to each other the various documents necessary to effectuate the sale and purchase of the Selling Member's Units, (iii) the Selling Member will deliver to the Purchasing Member good and marketable title to the Selling Member's Units, free and clear of all liens, claims and encumbrances and (iv) the Selling Member will deliver to the Company the Selling Member's resignation as a Manager and Member of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7.4 <u>Breach of the Buy-Sell.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that the purchase and sale contemplated by <u>Sections 7.2</u> and <u>7.3</u> hereof have not been consummated within the time period, and pursuant to the terms provided above through the fault of either the Selling Member or the Purchasing Member, then the non-breaching party shall have the right, exercisable upon delivery of a written notice (the "**Second Exercise Notice**") to the breaching party, within fifteen (15) days after the expiration of such time period, to acquire the breaching party's Units at a purchase price equal to 75% of the Purchase Price. The closing of the purchase and sale contemplated by this <u>Section 7.4</u> shall be consummated within sixty (60) days after receipt of the Second Exercise Notice by the breaching party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the event the non-breaching party elects not to purchase the Units of the breaching party, then 25% of such breaching party's Units shall be deemed to be forfeited to the non-breaching party, and such breaching party shall be precluded from initiating any further activity under this <u>Article VII</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 <u>Rights of Members</u>. Following the closing of the purchase and sale contemplated by <u>Sections 7.3</u> or <u>7.4</u>, the Selling Member shall have no further rights to distributions attributable to any period or event following the date of the closing, and all such rights shall vest in the Purchasing Member.

**ARTICLE VIII**

**CESSATION OF MEMBERSHIP**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>When Membership Ceases</u>. A Person who is a Member shall cease to be a Member upon the Voluntary Transfer or Involuntary Transfer of such Member's Units as permitted under this Agreement. A Member is not entitled to withdraw voluntarily from the Company while such Member owns Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Deceased, Incompetent or Dissolved Members</u>. The personal representative, executor, administrator, guardian, conservator or other legal representative of a deceased individual Member or of an individual Member who has been adjudicated incompetent may exercise the rights of the Member for the purpose of administration of such deceased Member's estate or such incompetent Member's property. The beneficiaries of a deceased Member's estate shall become Members of the deceased Member only upon compliance with the conditions of this Agreement. If a Member who is a Person other than an individual is dissolved, the legal representative or successor of such Person may exercise the rights of the Member pending liquidation. The distributees of such Person may become members of the dissolved Member only upon compliance with the conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Consequences of Cessation of Membership</u>. In the event a Person ceases to be a Member as provided in <u>Section 8.1</u> above, the Person (or the Person's successor in interest) shall continue to be liable for all obligations of the former Member to the Company and, with respect to any Units owned by such Person, shall be an assignee with only the rights and subject to the restrictions, conditions and limitations described above.

**ARTICLE IX**

**DISSOLUTION, WINDING UP AND LIQUIDATING DISTRIBUTIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Dissolution Triggers</u>. The Company shall dissolve upon the first occurrence of the following events:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The determination by the Board and the Requisite Members that the Company should be dissolved; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The entry of a decree of judicial dissolution or the administrative dissolution of the Company as provided in the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Winding Up; Termination</u>. Upon a dissolution of the Company, the Board, or, if there are no members of the Board, a court appointed liquidating trustee, shall take full account of the Company's assets and liabilities and wind up the affairs of the Company. The Persons charged with winding up the Company shall settle and close the Company's business, and dispose of and convey the Company's non-cash assets as promptly as reasonably possible following dissolution as is consistent with obtaining the fair market value for the Company's assets.

**ARTICLE X**

**BOOKS AND RECORDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <u>Books and Records</u>. The Company shall keep adequate books and records at its principal place of business, which shall set forth an accurate account of all transactions of the Company as well as the other information required by the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 <u>Taxable Year; Accounting Methods</u>. The Company's taxable year shall be the year required by the Code. The Company shall report its income for income tax purposes using such method of accounting selected by the Board and permitted by law.

**ARTICLE XI**

**MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>Notices</u>. Any notice, payment, demand, or communication required or permitted to be given by any provision of this Agreement shall be in writing and shall be delivered personally to the Person or to an officer of the Person to whom the same is directed, or sent by registered or certified United States mail return receipt requested, or by nationally recognized overnight delivery service, addressed as follows: if to the Company or the Board, to the Company's principal office address as set forth on the signature page to this Agreement (with a copy to each Manager), or to such other address as may be specified from time to time by notice to the Members; if to a Member, to the Member's address as set forth on the Schedule of Members, or to such other address as may be specified from time to time by notice to the Members; if to a Manager, to the address of such Manager as set forth in the records of the Company (with a copy to the Member entitled to designate such Manager), or to such other address as such Manager may specify from time to time by notice to the Members. Any such notice shall be deemed to be delivered, given, and received for all purposes as of the date and time of actual receipt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 <u>Binding Effect</u>. Except as otherwise provided in this Agreement, every covenant, term, and provision of this Agreement shall be binding upon and inure to the benefit of the Members, and their respective heirs, legatees, legal representatives, and permitted successors, transferees, and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 <u>Information Rights</u>. Within 45 days after the end of each fiscal quarter and within 90 days after the end of each fiscal year, each Member is entitled to receive quarterly and annual unaudited financial statements, respectively, for so long as such Member holds Units. In addition, each Member shall have customary inspection rights, for so long as such Member holds Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 <u>Construction</u>. No provision of this Agreement is to be interpreted as a penalty upon, or a forfeiture by, any party to this Agreement. The parties acknowledge that each party to this Agreement, together with such party's legal counsel, has shared equally in the drafting and construction of this Agreement and, accordingly, no court construing this Agreement shall construe it more strictly against one party hereto than the other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5 <u>Entire Agreement; No Oral Agreements; Amendments to the Agreement</u>. This Agreement, constitutes the entire agreement among the Members with respect to the affairs of the Company and the conduct of its business, and supersedes all prior agreements and understandings, whether oral or written. The Company shall have no oral operating agreements. Any provision of this Agreement may be amended or waived by the written consent of the Requisite Members. Any amendment adopted consistent with the provisions of this <u>Section 11.5</u> shall be binding on all Members without the necessity of their execution of the amendment or any other instrument. Notwithstanding anything contained in this Agreement to the contrary, the Board shall be permitted to update <u>Schedule A</u> to reflect (i) Transfers of Units and the admission of new Members made in accordance with the terms and conditions of this Agreement and (ii) the forfeiture or repurchase by the Company of Units upon termination of the holder's employment or other service relationship with the Company; and no such update to <u>Schedule A</u> made in accordance with this sentence shall be deemed to be an amendment to this Agreement requiring the written consent of the Requisite Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.6 <u>Headings; Interpretation; Treatment of Affiliates and Permitted Transferees</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The table of contents and section and other headings contained in this Agreement are for reference purposes only and are not intended to describe, interpret, define, or limit the scope, extent, or intent of this Agreement or any provision hereof. All references to days or months shall be deemed references to calendar days or months. All references to "$" shall be deemed references to United States dollars. Unless the context otherwise requires, any reference to a "Section", "Schedule" or "Exhibit" shall be deemed to refer to a section of this Agreement or Schedule or Exhibit to this Agreement, as applicable. The words "hereof," "herein" and "hereunder" and words of similar import referring to this Agreement refer to this Agreement as a whole and not to any particular provision of this Agreement. Whenever the words "include", "includes" or "including" are used in this Agreement, they will be deemed to be followed by the words "without limitation." Any agreement, instrument or statute defined or referred to herein, or in any agreement or instrument that is referred to herein, means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable successor statutes and references to all attachments thereto and instruments incorporated therein. References to a Person are also to its permitted successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7 <u>Severability</u>. Every provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or invalid for any reason whatsoever, then (a) such illegality or invalidity shall not affect the validity or legality of the remainder of this Agreement and (b) the parties agree to negotiate in good faith to draft a new legal and enforceable provision that to the maximum extent possible under applicable law comports with the original intent of the parties and maintains the economic and other terms to which the parties originally agreed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8 <u>Variation of Pronouns</u>. All pronouns and any variations thereof shall be deemed to refer to masculine, feminine, or neuter, singular or plural, as the identity of the Person or Persons may require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.9 <u>Governing Law; Dispute Resolution</u>. The laws of the State of Delaware shall govern the validity of this Agreement, the construction and interpretation of its terms, and organization and internal affairs of the Company and the limited liability of the Members. Except as provided below, any dispute arising out of or relating to this Agreement shall be finally settled by binding arbitration conducted expeditiously in accordance with the J.A.M.S./Endispute Comprehensive Arbitration Rules and Procedures (the "<u>J.A.M.S. Rules</u>"). The arbitration shall be governed by the United States Arbitration Act, 9 U.S.C. Sections 1-16, and judgment upon the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The arbitration shall take place in Chicago, Illinois.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The arbitration shall commence within sixty (60) days of the date on which a written demand for arbitration is filed by any party hereto. In connection with the arbitration proceeding, the arbitrator shall have the power to order the production of documents by each party and any third-party witnesses. In addition, each party may take up to three (3) depositions as of right, and the arbitrator may in his or her discretion allow additional depositions upon good cause shown by the moving party. However, the arbitrator shall not have the power to order the answering of interrogatories or the response to requests for admission. In connection with any arbitration, each party to the arbitration shall provide to the other, no later than seven (7) business days before the date of the arbitration, the identity of all persons that may testify at the arbitration and a copy of all documents that may be introduced at the arbitration or considered or used by a party's witness or expert. The arbitrator's decision and award shall be made and delivered within six (6) months of the selection of the arbitrator. The arbitrator's decision shall set forth a reasoned basis for any award of damages or finding of liability. The arbitrator shall not have power to award damages in excess of actual compensatory damages and shall not multiply actual damages or award punitive damages, and each party hereby irrevocably waives any claim to such damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company and each of the Members (each, a "<u>Party</u>") covenants and agrees that such Party will participate in the arbitration in good faith. This <u>Section 11.9(b)</u> applies equally to requests for temporary, preliminary or permanent injunctive relief, except that in the case of temporary or preliminary injunctive relief any party may proceed in court without prior arbitration for the limited purpose of avoiding immediate and irreparable harm.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Party (i) hereby consents and agrees that this Agreement be governed, construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflicts of law; for purposes of litigating any dispute that may arise directly or indirectly from this Agreement, including without limitation any dispute regarding the Company's certificate of formation or this Agreement, the parties hereby submit and consent to litigation in the exclusive jurisdiction of the Federal and State courts located in the State of Illinois and agree that any such litigation shall be conducted only in the courts of Illinois or the federal courts for the United States for the District of Illinois located closest to the Company's principal place of business and no other courts, (ii) hereby waives, and agrees not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution (except as protected by applicable law), that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court, and (iii) hereby waives and agrees not to seek any review by any court of any other jurisdiction which may be called upon to grant an enforcement of the judgment of any such court. Each Party hereby consents to service of process by registered mail at the address to which notices are to be given. Each Party agrees that its, his or her submission to jurisdiction and its, his or her consent to service of process by mail is made for the express benefit of each other Party. Final judgment against any Party in any such action, suit or proceeding may be enforced in other jurisdictions by suit, action or proceeding on the judgment, or in any other manner provided by or pursuant to the laws of such other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.10 <u>Waiver of Action for Partition</u>. Each of the Members irrevocably waives any right that it may have to maintain any action for partition with respect to any of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.11 <u>Counterpart Execution; Facsimile Execution</u>. This Agreement may be executed in any number of counterparts with the same effect as if all of the Members had signed the same document. Such executions may be transmitted to the Company and/or the other Members by facsimile or other electronic transmission and such facsimile or other electronic execution shall have the full force and effect of an original signature. All fully executed counterparts, whether original executions or facsimile executions, electronic executions or a combination of the foregoing, shall be construed together and shall constitute one and the same agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12 <u>Tax Matters Partner</u>. Greg Anderson will be the "tax matters partner" of the Company within the meaning of Code Section 6231(a)(7) (the "<u>Tax Matters Member</u>"), and shall serve as the Tax Matters Member of the Company until a successor is duly designated by the Board. The Company shall reimburse the Tax Matters Member for its reasonable expenses in connection with the performance of its duties hereunder. The Tax Matters Member shall act at the direction of the Board in taking, or refraining to take, any action in its capacity as Tax Matters Member, and shall not take any action in its capacity as such without the consent of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.13 <u>Confidentiality</u>. Each Member covenants and agrees that: (a) it, he or she will not disclose or make use of any Trade Secrets or Confidential Information of the Company other than as necessary in connection with the performance of his or her duties as an employee of, or consultant to, the Company; and (b) it, he or she shall not, directly or indirectly, transmit or disclose any Trade Secret or Confidential Information of the Company to any person and shall not make use of any such Trade Secret or Confidential Information, directly or indirectly, for, as applicable, himself, herself or others, without the prior written consent of the Company, except for a disclosure that is required by any law, order or legal process, in which case such Holder shall provide the Company prior written notice of such requirement as promptly as practicable so that the Company may contest such disclosure. To the extent that such information is a "trade secret" as that term is defined under a state or federal law, this subparagraph is not intended to, and does not, limit the Company's rights or remedies thereunder and the time period for prohibition on disclosure or use of such information is until such information becomes generally known to the public through the act of one who has the right to disclose such information without violating a legal right of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.14 <u>Legal Counsel</u>. Each Member acknowledges and understands that this Agreement and related documents have been prepared by counsel for the Company and that such counsel has not represented or been engaged to provide services to any Member. Such Member acknowledges and understands that such counsel or other counsel may hereafter be engaged by the Company or by any Manager or Member to provide legal services and representation as the Board may determine, and in such event, such counsel or other counsel may concurrently represent one or more Managers or Members and the Company may execute on behalf of the Company and the Members any consent to such concurrent representation that such counsel or other counsel may request pursuant to the applicable rules of professional conduct for lawyers. Each Member acknowledges and understands that counsel for the Company does not represent any Member in the absence of a clear and explicit agreement to that effect between such Member and such counsel, and in the absence of such agreement, such counsel shall owe no duties to any Member. Each Member agrees that in the event of any dispute between any of the Members and the Company, or between any of the Members or the Company, on the one hand, and any Manager or any of its Affiliates, on the other hand, counsel for the Company may represent the Company or any Manager or such Affiliates, or any of them, in such dispute to the extent permitted by such rules, and such Member hereby consents to such representation. Each Member further acknowledges that counsel for the Company has not represented any Member in the preparation and negotiation of this Agreement and that, while communications with such counsel concerning the Company and the Members may be confidential with respect to third parties, such Member has no expectation that such communications are confidential with respect to other Members. Counsel for the Company shall be a third party beneficiary of this Agreement and may rely on the consents provided by this <u>Section 11.14</u> as if such counsel were a party to this Agreement.

**ARTICLE XII**

**INVESTMENT REPRESENTATIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12.1 <u>No Advertising</u>.The offer to sell the Units was directly communicated to the Member by

the Company in a manner that the Member was able to ask questions of and receive answers from the Company concerning the terms and conditions of this transaction. At no time was the Member presented with or solicited by any leaflet, public promotional material, newspaper, magazine, radio or television article or advertisement, or any other form of advertising or general solicitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 <u>Investment Intent</u>. The Units are being purchased or acquired by the Member and not by any other Person, with the Member's own funds and not with the funds of any other Person, and for the account of the Member, not as a nominee or agent and not for the account of any other Person. No other Person will have any interest, beneficial or otherwise, in the Units. The Member is purchasing the Units for investment for an indefinite period, not with a view to the sale or distribution of any part or all thereof by public or private sale or other disposition. The Member has no intention of selling, granting any participation in or otherwise distributing or disposing of any Units. The Member does not intend to subdivide the Member's purchase of the Units with any Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 <u>Economic Risk</u>. Understanding that investment in the Units is highly speculative, the Member is able to bear the economic risk of such investment, including the total loss thereof, for an indefinite period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 <u>No Registration of Units</u>. The Member understands that the Units have not been registered under the Securities Act, or qualified under any state securities law, on the grounds, among others, that no distribution or public offering of Units is to be effected and that Units are being issued by the Company in connection with a transaction that does not involve any public offering within the meaning of section 4(2) of the Securities Act under the respective rules and regulations of the Securities and Exchange Commission thereunder and under comparable exemptive provisions of the securities laws, rules and regulations of other jurisdictions. The Member understands that the Company is relying in part on the Member's representations as set forth herein for purposes of claiming such exemptions and that the basis for such exemptions may not be present if, notwithstanding the Member's representations, the Member has in mind merely acquiring the Units for resale on the occurrence or nonoccurrence of some predetermined event. The Member has no such intention.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 <u>The Units are a Restricted Security</u>. The Member understands that the Units are a "restricted security" as defined in Rule 144 under the Securities Act and, accordingly, that the Units must be held indefinitely unless it is subsequently registered under the Securities Act and registered or qualified under any other applicable securities law or exemptions from such registration and qualification are available. The Member understands that the Company is under no obligation so to register or qualify the Units under the Securities Act, or any other securities law, or to comply with the Regulation A or any other exemption under the Securities Act or any other law. The Member understands that Rule 144 is not available for any sale of the Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 <u>Company May Refuse to Transfer</u>. If, in the opinion of counsel for the Company, the Member has acted or at any time hereafter acts in a manner inconsistent with such Member's representations, warranties and agreements in this Agreement, the Company may, without limiting any other remedy or relief available to the Company, refuse to Transfer the Member's Units until such time as counsel for the Company is of the opinion that such Transfer will not require registration of any Units under the Securities Act, or registration or qualification of any Units under any other securities law. The Member understands and agrees that the Company may refuse to acknowledge or permit any disposition that is not in all respects in compliance with this Agreement and that the Company intends to make an appropriate notation in its records to that effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 <u>No Disposition in Violation of Law</u>. Without limiting the representations set forth herein, and without limiting this Section, the Member shall not Transfer any Units or any interest therein, or receive any consideration therefor, unless and until, prior to any proposed Transfer, the Member shall comply with all requirements and conditions in this Agreement and either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A registration statement on Form S-1 under the Securities Act (or any other form appropriate for the purpose under the Securities Act or any form replacing any such form) with respect to the Units or any part thereof proposed to be so disposed of shall be then effective, and such disposition shall have been appropriately registered or qualified in accordance with the any applicable securities laws; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Member shall have furnished the Company with (i) a detailed explanation of the proposed disposition; and (ii) an opinion of the Member's counsel in form and substance satisfactory to the Company to the effect that the proposed Transfer (1) complies with applicable provisions of the Securities Act and any other securities laws and will not require registration of the Member's Units or any part thereof under the Securities Act, or registration or qualification thereof under any other securities law, and (2) will not result in the termination of the Company for federal income tax purposes. Counsel for the Company shall have concurred in such opinion and the Member shall have advised the Member of such concurrence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 <u>Legends</u>. The Member understands and agrees that any instrument or certificate representing or relating to the Units may bear such legends as the Board may consider necessary or advisable to facilitate compliance with the Securities Act, and any other securities law, including, without limitation, legends stating that the Units have not been registered under the Securities Act or qualified under any other securities law and setting forth the limitations on dispositions imposed by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9 <u>Investment Experience</u>. The Member, either alone or with the Member's professional advisers who are unaffiliated with, have no equity interest in and are not compensated by the Company or the Board or any affiliate or selling agent of the Company or the Board, directly or indirectly, has such knowledge and experience in financial and business matters that the Member is capable of evaluating the merits and risks of an investment in the Units and has the capacity to protect the Member's own interests in connection with the Member's investment in the Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10 <u>Information Reviewed</u>. The Member has received and reviewed all information the Member considers necessary or appropriate for deciding whether to acquire the Units. The Member has carefully reviewed all such information and is thoroughly familiar with the proposed business, operations, properties and financial condition of the Company and has discussed with the Board or its designee any questions the Member may have had with respect thereto. The Member understands:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The risks involved in this offering, including the speculative nature of the investment, and that the Member's Capital Account is subject to the risks of the business of the Company (which includes exposure to creditors of the Company);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The financial hazards involved in this offering, including the risk of losing the Member's entire investment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c) The lack of liquidity and restrictions on Transfers of the Units; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) The tax consequences of this investment.

The Member has consulted with the Member's own legal, accounting, tax, investment and other advisers, as each Member has considered appropriate and necessary, with respect to the tax treatment of an investment by the Member in the Units and the merits and risks of an investment in the Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.11 <u>No Representations</u>. No Manager, agent or employee of the Company or of any Manager, and no other Person has at any time expressly or implicitly represented, guaranteed or warranted to the Member that the Member may freely Transfer the Units, that any profit or amount or type of consideration will be realized as a result of an investment in the Units, that past performance or experience on the part of the Member or the Member's Affiliates or any other Person in any way indicates the predictable results of the ownership of the Units or of the overall Company business, that any cash distributions from the Company will be made to the Members by any specific date or will be made at all or that any tax benefits will accrue as a result of an investment in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.12 <u>Authority</u>. This Agreement constitutes a legal, valid and binding agreement of the Member, enforceable against the Member in accordance with its terms. The Member, if not a natural person, is empowered and duly authorized to enter into this Agreement under every applicable governing document, partnership agreement, operating agreement, limited liability company agreement, trust instrument, pension plan, charter, certificate or articles of incorporation, bylaw provision or the like. The Person, if any, signing this Agreement on behalf of the Member is empowered and duly authorized to do so by the governing document, partnership agreement, limited liability company agreement, operating agreement or trust instrument, pension plan, charter, certificate or articles of incorporation, bylaw provision, board of directors or stockholder resolution or the like.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.13 <u>Indemnification</u>. The Member hereby agrees to indemnify and defend the Company, the Managers, each other Member and each of their respective employees, agents, partners, members, shareholders, officers and directors and hold them harmless from and against any and all claims, liabilities, damages, costs and expenses (including, without limitation, court costs and attorneys' fees and expenses) suffered or incurred on account of or arising out of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any breach of or inaccuracy in the Member's representations, warranties or agreements herein, including, without limitation, the defense of any claim based on any allegation of fact inconsistent with any of such representations, warranties or agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Transfer of the Units contrary to any of such representations, warranties or agreements; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any action, suit or proceeding based on (i) a claim that any of such representations, warranties or agreements were inaccurate or misleading or otherwise cause for obtaining damages or redress under the Securities Act or any other securities law, or (ii) any Transfer of any part or all of the Units.

**Signatures Appear On Following Page**

IN WITNESS WHEREOF, the Members have executed this Agreement on the following execution pages, to be effective as of the Effective Date.

---

| | |
|:---|:---|
| **<u>COMPANY</u>:** | **<u>COMPANY</u>:** |
| **CM SOLUTIONS LLC** | **CM SOLUTIONS LLC** |
| By: | ![](cuchill_sig.jpg) |
| Name: Charlie Uchill | Name: Charlie Uchill |
| Title Not Individually, but as Vice President | Title Not Individually, but as Vice President |

---

---

| | |
|:---|:---|
| **<u>MEMBERS</u>:** | **<u>MEMBERS</u>:** |
| **COOLMELLON LLC** | **COOLMELLON LLC** |
| By: | ![](cuchill_sig.jpg) |
| Name: | <u>Charlie Uchill</u> |
| Its: | Not Individually, but as Managing Member |
| By: | ![](janderson_sig.jpg) |
| Name: | John G. Anderson |
| By: | ![](mattseal_sig.jpg) |
| Name: | Matt Seal |
| By: | ![](cprentice_sig.jpg) |
| Name: | Christopher Prentice |
| By: | ![](forbes_sig.jpg) |
| Name: | James Forbes |
| By: | ![](fay_sig.jpg) |
| Name: | Grant Fay |
| By: | ![](coe_sig.jpg) |
| Name: | Ernest Wheeler Coe III |
| By: | ![](gresens_sig.jpg) |
| Name: | Matt Gresens |

---

---

| | |
|:---|:---|
| By: | ![](waters_sig.jpg) |
| Name: | Christopher Waters |
| By: |  |
| Name: Beth McNamara on behalf of the Estate of Sean McNamara | Name: Beth McNamara on behalf of the Estate of Sean McNamara |
| **THREE CHOPT ENTERPRISES** | **THREE CHOPT ENTERPRISES** |
| By: |  |
| Name: |  |
| Title: |  |

---

**Signature page to LLC Agreement**

**SCHEDULE A**

**<u>Schedule of Members</u>**

Last updated as of January 19 , 2024

CLASS A UNITS

---

| | | |
|:---|:---|:---|
| **<u>Member</u>** | **<u>Number of Class A Units</u>** | **Member Percentage <br> Interest** |
| CoolMellon LLC | 61320 | 76.65% |
| Matt Seal | 8000 | 10.00% |
| John G. Anderson | 1280 | 1.60% |
| Christopher Prentice | 800 | 1.00% |
| Grant Fay | 800 | 1.00% |
| James Forbes | 800 | 1.00% |
| Ernest Wheeler Coe III | 800 | 1.00% |
| Matt Gresens | 800 | 1.00% |
| Three Chopt Enterprises | 1600 | 2.00% |
| Christopher Waters | 800 | 1.00% |
| Beth McNamara on behalf of the Estate of Sean McNamar} | 3000 | 3.75% |
| **Totals** | **80000** | **100%** |

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Schedule A, Page 1

**EXHIBIT A**

**<u>Glossary of Terms</u>**

Capitalized words and phrases used in this Agreement are defined below.

"<u>Act</u>" shall mean the Delaware Limited Liability Company Act (or any corresponding provisions of succeeding law).

"<u>Agreement</u>" shall have the meaning set forth in the introductory paragraph hereto.

"<u>Board</u>" shall have the meaning set forth in <u>Section 5.1(a)</u>.

"<u>Capital Account</u>" shall have the meaning set forth in <u>Section 2.5(a)</u>.

"<u>Capital Contribution</u>" shall mean with respect to any Member, the amount of money and the fair market value of any property contributed to the Company with respect to the Units of such Member.

"<u>Certificate of Formation</u>" shall mean the certificate of formation required to be filed by the Company pursuant to the Act together with any amendments thereto.

"<u>Code</u>" shall mean the Internal Revenue Code of 1986, as amended, or any successor federal revenue law.

"<u>CM Member</u>" shall mean CoolMellon, LLC, a Texas limited liability company.

"<u>Company</u>" shall have the meaning set forth in the introductory paragraph hereto.

<u>"Confidential Information" shall mean all information regarding the Company, the Company's activities, the Company's business, clients or customers that is not generally known to persons not employed by the Company and that is not generally disclosed by the Company's practice or authority to persons not employed by the Company, but that does not rise to the level of a Trade Secret, and shall include, but is not limited to, sales and marketing techniques and plans, production techniques, purchase information, prices, billing information, financial plans and data concerning the Company, clients or customers (including, but not limited to client or customer lists), and management planning information. "Confidential Information" shall not include information that (i) has become generally available to the public by the act of one who has the right to disclose such information without violating any legal right or contractual right of the Company or (ii) otherwise becomes available to a third-party and such third-party has no knowledge that such disclosure violated any Company right of confidentiality.</u>

"<u>Conversion</u>" shall have the meaning set forth in <u>Section 5.4(a)</u>.

"<u>Default Rate</u>" shall mean a per annum rate of interest equal to the greater of (i) Prime Rate plus 100 basis points or (ii) 8%, but in no event greater than the amount of interest that may be charged and collected under applicable law.

"<u>Effective Date</u>" shall have the meaning set forth in the introductory paragraph hereto.

"<u>Fiscal Year</u>" shall be the Company's taxable year, as described in <u>Section 10.2</u>.

Exhibit A, Page 1

"<u>Involuntary Transfer</u>" shall mean the involuntary transfer of all or any portion of Units by way of intestacy, will, bankruptcy, receivership, levy, execution, charging order or other similar seizure by legal process.

"<u>IPO</u>" shall mean the sale of shares of capital stock following conversion of the Company to a corporation as contemplated in <u>Section 5.4</u>, in a firm commitment underwritten public offering pursuant to an effective registration under the Securities Act.

"<u>J.A.M.S. Rules</u>" shall have the meaning set forth in <u>Section 11.9</u>.

"<u>Liquidation</u>" shall mean any liquidation, dissolution or winding up, voluntary or involuntary, of the Company.

"<u>Manager</u>" shall have the meaning set forth in <u>Section 5.1(a)</u>.

"<u>Market Stand-Off</u>" shall have the meaning as set forth in <u>Section 5.5</u>.

"<u>Members</u>" shall refer collectively to the Persons listed on the Schedule of Members as Members and to any other Persons who are admitted to the Company as Members or who become Members under the terms of this Agreement until such Persons have ceased to be Members under the terms of this Agreement. "Member" shall mean any one of the Members.

"<u>Minimum Sale Terms</u>" shall have the meaning set forth in <u>Section 6.2(b)</u>.

"<u>New Securities</u>" shall have the meaning set forth in <u>Section 2.2</u>.

"<u>Offer Notice</u>" shall have the meaning as set forth in <u>Section 6.2(b)</u>.

"<u>Officers</u>" shall have the meaning set forth in <u>Section 5.2(a)</u>..

"<u>Permitted Transferee</u>" shall mean: (i) the estate, personal representative or executor, or any parent, spouse, child or sibling of such Member and (ii) any trust for the exclusive benefit of any of the Persons set forth in clause (i) or (iii), or a corporation, limited partnership, limited liability company or other entity all of the equity interests of which are owned by the Member or any of the Persons set forth in clause (i) or clause (ii).

"<u>Person</u>" shall mean any natural person, partnership, trust, estate, association, limited liability company, corporation, custodian, nominee, governmental instrumentality or agency, body politic or any other entity in its own or any representative capacity.

"<u>Party</u>" shall have the meaning as set forth in <u>Section 11.9(b)</u>.

"<u>Prime Rate</u>" as of a particular date shall mean the prime rate of interest as published on that date in the Wall Street Journal, and generally defined therein as "the base rate on corporate loans posted by at least 75% of the nation's 30 largest banks." If the Wall Street Journal is not published on a date for which the Prime Rate must be determined, the Prime Rate shall be the prime rate published in the Wall Street Journal on the nearest-preceding date on which the Wall Street Journal was published.

"<u>Remaining Units</u>" shall have the meaning as set forth in <u>Section 6.2(b)</u>.

"<u>Requisite Members</u>" shall mean the holders of a majority of the voting Units then issued and outstanding, voting together as a single class.

Exhibit A, Page 2

"<u>Sale Transaction</u>" means (i) any transaction or series of related transactions pursuant to which any Person or group of Persons acting in concert (other than any Person who is a Member or a Permitted Transferee as of the Effective Date), together with such Person's or group of Persons' Affiliates, (i) acquire(s) more than fifty percent (50%) of the Units of the Company (other than the issuance of equity securities by the Company in connection with a transaction where the principal business purpose is raising capital), or (ii) the sale of all, or substantially all, of the Company's and/or its Subsidiaries' assets determined on a consolidated basis.

"<u>Schedule of Members</u>" shall have the meaning set forth in the introductory paragraph hereto.

"<u>Securities Act</u>" shall mean the Securities Act of 1933, as amended.

"<u>Selling Member</u>" shall have the meaning set forth in <u>Section 6.2(b)</u>.

"<u>Target Balance</u>" shall mean with respect to each Member, as of the close of any period for which allocations are made under <u>Article IV</u>, the amount such Member would receive in a hypothetical liquidation of the Company as of the close of such period, assuming for purposes of such hypothetical liquidation that (i) all of the assets of the Company are sold at prices equal to their then book values (as maintained by the Company for purposes of, and pursuant to, <u>Section 2.5(a)</u> and the capital account maintenance provisions of Treasury Regulations Section 1.704-1(b)(2)(iv)), and (ii) all of the cash of the Company is distributed pursuant to <u>Section 3.1(b)</u>.

"<u>Tax Distribution</u>" shall have the meaning set forth in <u>Section Article III</u>.

"<u>Tax Liability</u>" shall have the meaning set forth in <u>Section Article III</u>.

"<u>Tax Matters Member</u>" shall have the meaning set forth in <u>Section 11.12</u>.

"<u>Trade Secret</u>" means all secret, proprietary or confidential information regarding the Company or the Company's activities, including any and all information not generally known to, or ascertainable by, persons not employed by the Company, the disclosure or knowledge of which would permit those persons to derive actual or potential material economic value therefrom or to cause material economic or financial harm to the Company and shall include, but not be limited to, customer lists, pricing information, customer and supplier contacts, technical information regarding Company processes, services and process and service development, information concerning Company methods, current development and expansion or contraction plans of the Company, information concerning the legal affairs of the Company and information concerning the financial affairs of the Company. "Trade Secrets" shall not include information that has become generally available to the public by the act of one who has the right to disclose such information without violating a legal right or privilege of the Company. This definition shall not limit any definition of "trade secrets" or any equivalent term under state or federal law.

"<u>Transfer</u>" shall mean a Voluntary Transfer or an Involuntary Transfer.

"<u>Treasury Regulations</u>" shall mean the final and temporary Income Tax Regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

"<u>Units</u>" shall have the meaning set forth in <u>Section 2.1(a)</u>.

Exhibit A, Page 3

"<u>Unreturned Capital</u>" with respect to a Unit means the amount of cash or other property contributed to the Company by any holder thereof in respect of such Unit less any distributions that have been made in respect of such Unit under <u>Section 3.1(a)</u> that are not necessary to satisfy the requirements of <u>Section 3.3</u>; provided that the Unreturned Capital in respect of a Unit shall never be less than zero.

"<u>Voluntary Transfer</u>" shall mean any direct or indirect voluntary sale, assignment, transfer, conveyance, pledge, hypothecation, or other disposition, with or without consideration, or otherwise of all or any portion of any Units.

Exhibit A, Page 4

## Ex1Sa-2B

**Exhibit 2.B.3**

**AMENDED AND RESTATED** 

**LIMITED LIABILITY COMPANY AGREEMENT OF COOLMELLON, LLC**

**DATED AS OF JULY 11, 2025**

**I.** **Formation.** 

A. <u>State of Formation</u>. This is a Limited Liability Company Operating Agreement for CoolMellon, LLC, a Manager-managed Texas limited
liability company formed under and pursuant to Texas law.

B. <u>Operating Agreement Controls</u>. To the extent that the rights or obligations of the Members or the Company under provisions of
this Agreement differ from what they would be under Texas law absent such a provision, this Agreement, to the extent permitted under Texas
law, shall control.

C. <u>Primary Business Address.</u> The location of the primary place of business of the Company is: 253 N. Barfield Dr., Marco Island,
FL 34145, or such other location as shall be selected from time to time by the Members.

D. <u>Registered Agent and Office</u>. The Company's initial agent (the "Agent") for service of process is Bradley
Knippa, Jackson Walker L.L.P. The Agent's registered office is 100 Congress Avenue, Suite 1100, Austin, Texas 78701. The Company
may change its registered office, its registered agent, or both, upon filing a statement with the Texas Secretary of State.

E. <u>No State Law Partnership</u>. No provisions of this Agreement shall be deemed or construed to constitute a partnership (including,
without limitation, a limited partnership) or joint venture, or any Member a partner or joint venturer of or with any other Member, for
any purposes other than federal and state tax purposes.

**II.** **Purposes and Powers.** 

A. <u>Purpose.</u> The Company is created for the following business purpose: The purpose for which the Company is organized is the transaction
of any and all lawful business for which a limited liability company may be organized under the Texas Business Organizations Code (TBOC).

B. <u>Powers.</u> The Company shall have all of the powers of a limited liability company set forth under Texas law.

C. <u>Duration</u>. The Company's term commenced upon the filing of a Certificate of Formation and all other necessary materials
with the state of Texas. The Company will operate until terminated as outlined in this Agreement unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· The Members vote unanimously to dissolve the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· No Member of the Company exists, unless the business of the Company is continued in a manner permitted by Texas law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· It becomes unlawful for either the Members or the Company to continue in business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A judicial decree is entered that dissolves the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Any other event results in the dissolution of the Company under federal or Texas law.

**III.** **Members.** 

A. <u>Members</u>. The Members of the Company (jointly the "Members") and their Membership Interest in the Company as of
the effective date of this Agreement are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Greg Anderson, 51%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Charlie Uchill, 49%

B. <u>Initial Contribution</u>. Each Member has made an Initial Contribution to the Company. The Initial Contributions of each are as
described in Attachment A, Initial Contributions of the Members. No Member shall be entitled to interest on their Initial Contribution.
Except as expressly provided by this Agreement, or as required by law, no Member shall have any right to demand or receive the return
of their Initial Contribution.

C. <u>Limited Liability of the Members</u>. Except as otherwise provided for in this Agreement or otherwise required by Texas law, no
Member shall be personally liable for any acts, debts, liabilities, or obligations of the Company beyond their respective Initial Contribution.
The Members shall look solely to the Company property for the return of their Initial Contribution, or value thereof, and if the Company
property remaining after payment or discharge of the debts, liabilities, or obligations of the Company is insufficient to return such
Initial Contributions, or value thereof, no Member shall have any recourse against any other Member except as is expressly provided for
by this Agreement.

D. <u>Withdrawal or Death of a Member</u>. Should a Member die or withdraw from the Company by choice, the remaining Members will have
the option to buy out that Member's Membership Interest in the Company. Should the Members agree to buy out the Membership Interest
of the withdrawing Member, that Interest shall be paid for equally by the remaining Members and distributed in equal amounts to the remaining
Members. The Members agree to hire an outside firm to assess the value of the Membership Interest. The Members will have 100 days to decide
if they want to buy the Membership Interest together and disperse it equally. If all Members do not agree to buy the Membership Interest,
individual Members will then have the right to buy the Membership Interest individually. If more than one Member requests to buy the remaining
Membership Interest, the Membership Interest will be paid for and split equally among those Members wishing to purchase the Membership
Interest. If all Members agree by unanimous vote, the Company may choose to allow a non-Member to buy the Membership Interest, thereby
replacing the previous Member. If no individual Member(s) finalize a purchase agreement by 100 days, the withdrawing Member, or their
estate, may dispose of their Membership Interest however they see fit, subject to the limitations in Section III.E below. If a Member
is a corporation, trust, partnership, limited liability company, or other entity and is dissolved or terminated, the powers of that Member
may be exercised by its legal representative or successor. The name of the Company may be amended upon the written and unanimous vote
of all Members if a Member withdraws, dies, is dissolved, or terminated.

E. <u>Creation or Substitution of New Members</u>. Any Member may assign in whole or in part its Membership Interest only after granting
their fellow Members the right of first refusal, as established in Section III.D above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Entire Transfer</u>* . If a Member transfers all of its Membership Interest, the transferee shall be admitted to the Company
as a substitute Member upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement.
Such admission shall be deemed effective immediately upon the transfer, and, simultaneously, the transferor Member shall cease to be a
Member of the Company and shall have no further rights or obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Partial Transfer</u>* . If a Member transfers only a portion of its Membership Interest, the transferee shall be admitted
to the Company as an additional Member upon its execution of an instrument signifying its agreement to be bound by the terms and conditions
of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Limited Member</u>* . Whether a substitute Member or an additional Member, absent the written consent of all existing Members
of the Company, the transferee shall be a limited Member and possess only the percentage of the monetary rights of the transferor Member
that was transferred without any voting power as a Member in the Company.

F. <u>Member Voting</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Voting Power</u>* . The Company's Members shall each have voting power equal to their share of Membership Interest in
the Company, as set forth in Section III.A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Proxies</u>* . At all meetings of Members, a Member may vote in person or by proxy executed in writing by the Member or by
his duly authorized attorney-in-fact. Such proxy shall be delivered to the other Members of the Company before or at the time of the meeting.
No proxy shall be valid after eleven months from the date of its execution, unless otherwise provided in the proxy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· <u>Quorum and Action</u>. A quorum for any meeting of the Members shall exist only if an individual Member who personally holds more
than 50% of the Membership Interests (a "Majority Member") is present at the meeting. Any action requiring Member approval
shall pass only upon the affirmative vote of a Majority Member.

G. <u>Members' Duty to File Notices</u>. The Members shall be responsible for preparation, maintenance, filing, and dissemination
of all necessary returns, notices, statements, reports, minutes, or other information to the Internal Revenue Service, the state of Texas,
and any other appropriate state or federal authorities or agencies. Notices shall be filed in accordance with the section titled "Notices"
below. The Members may delegate this responsibility to a Manager at the Members' sole discretion.

H. <u>Fiduciary Duties of the Members</u>. The Members shall have no fiduciary duties whatsoever, whether to each other or to the Company,
unless that Member is a Manager of the Company, in which instance they shall owe only the fiduciary duties of a Manager. No Member shall
bear any liability to the Company or to other present or former Members by reason of being or having been a Member.

I. <u>Waiver of Partition: Nature of Interest</u>. Except as otherwise expressly provided in this Agreement, to the fullest extent permitted
by law, each Member hereby irrevocably waives any right or power that such Member might have to cause the Company or any of its assets
to be partitioned, to cause the appointment of a receiver for all or any portion of the assets of the Company, to compel any sale of all
or any portion of the assets of the Company pursuant to any applicable law, or to file a complaint or to institute any proceeding at law
or in equity to cause the dissolution, liquidation, winding up, or termination of the Company. No Member shall have any interest in any
specific assets of the Company.

**IV.** **Accounting and Distributions.** 

A. <u>Fiscal Year</u>. The Company's fiscal year shall end on the last day of December.

B. <u>Records</u>. All financial records, including tax returns and financial statements, will be held at the Company's primary
business address and will be accessible to all Members.

C. <u>Distributions</u>. Distributions shall be issued on an annual basis, based upon the Company's fiscal year. The distribution
shall not exceed the remaining net cash of the Company after making appropriate provisions for the Company's ongoing and anticipatable
liabilities and expenses. Each Member shall receive a percentage of the overall distribution that matches that Member's percentage
of Membership Interest in the Company.

**V.** **Tax Treatment Election.** 

The Company has not filed with the Internal Revenue Service for treatment as a corporation. Instead, the Company will be taxed as a pass-through organization. The Members may elect for the Company to be treated as a C-Corporation or an S-Corporation at any time.

**VI.** **Board of Managers.** 

A. <u>Creation of a Board of Managers</u>. The Members shall create a board of Managers (the "Board") consisting of Managers
appointed at the sole discretion of the Members and headed by the Chairman of the Board. The Chairman of the Board shall be the highest
level decision-maker of the Company. Only a Majority Member may serve as the Chairman of the Board. The Members may serve as Managers.
The Members may determine at any time in their sole and absolute discretion the number of Managers to constitute the Board, subject in
all cases to any requirements imposed by Texas law. The authorized number of Managers may be increased or decreased by the Members at
any time in their sole and absolute discretion, subject to Texas law. Each Manager elected, designated, or appointed shall hold office
until a successor Manager is elected and qualified or until such Manager's earlier death, resignation, or removal.

B. <u>Powers and Operation of the Board of Managers</u>. The Board shall have the power to do any and all acts necessary, convenient,
or incidental to or for the furtherance of the Company's purposes described herein, including all powers, statutory or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *<u>Meetings</u>* . The Board may hold meetings, both regular and special, within or outside the state of Texas. Regular meetings
of the Board may be held without notice at such time and at such place as shall from time to time be determined by the Board. Special
meetings of the Board may be called by the Chairman on not less than one day's notice to each Manager by telephone, electronic mail,
facsimile, mail, or any other means of communication.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. At all meetings of the Board, a quorum shall only exist if a Majority Member is in attendance and any action requiring Board approval shall pass only upon the affirmative vote of a Majority Member. If a quorum shall not be present at any meeting of the Board, the Managers present at such meeting may adjourn the meeting until a quorum shall be present. Any action required or permitted to be taken at any meeting of the Board may be taken without a meeting if all Managers consent thereto in writing, and the writing or writings are filed with the minutes of proceedings of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Managers may participate in meetings of the Board by means of telephone conference or similar communications equipment that allows all persons participating in the meeting to hear each other, and such participation in a meeting shall constitute presence in person at the meeting. If all the participants are participating by telephone conference or similar communications equipment, the meeting shall be deemed to be held at the primary business address of the Company.

C. <u>Compensation of Managers</u>. The Board shall have the authority to fix the compensation of Managers. The Managers may be paid
their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or
a stated salary as Manager. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation
therefor.

D. <u>Removal of Managers</u>. Unless otherwise restricted by law, any Manager or the entire Board may be removed, with or without cause,
by the Members, and any vacancy caused by any such removal may be filled by action of the Members.

E. <u>Managers as Agents</u>. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the
purpose of the Company's business, and the actions of the Managers taken in accordance with such powers set forth in this Agreement
shall bind the Company. Except as provided in this Agreement, no Manager may bind the Company.

F. <u>No Power to Dissolve the Company</u>. Notwithstanding any other provision of this Agreement to the contrary or any provision of
law that otherwise so empowers the Board, none of the Board shall be authorized or empowered, nor shall they permit the Company, without
the affirmative vote of the Members, to institute proceedings to have the Company be adjudicated bankrupt or insolvent, or consent to
the institution of bankruptcy or insolvency proceedings against the Company, or file a petition seeking, or consent to, reorganization
or relief with respect to the Company under any applicable federal or state law relating to bankruptcy, or consent to the appointment
of a receiver, liquidator, assignee, trustee (or other similar official) of the Company or a substantial part of its property, or make
any assignment for the benefit of creditors of the Company, or admit in writing the Company's inability to pay its debts generally
as they become due, or, to the fullest extent permitted by law, take action in furtherance of any such action.

G. <u>Duties of the Board</u>. The Board and the Members shall cause the Company to do or cause to be done all things necessary to preserve
and keep in full force and effect its existence, rights (charter and statutory), and franchises. The Board also shall cause the Company
to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Maintain its own books, records, accounts, financial statements, stationery, invoices, checks, and other limited liability company
documents and bank accounts separate from any other person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· At all times hold itself out as being a legal entity separate from the Members and any other person and conduct its business in its
own name;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· File its own tax returns, if any, as may be required under applicable law, and pay any taxes required to be paid under applicable
law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Not commingle its assets with assets of the Members or any other person, and separately identify, maintain, and segregate all Company
assets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Pay its own liabilities only out of its own funds, except with respect to organizational expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Maintain an arm's length relationship with the Members, and, with respect to all business transactions entered into by the Company
with the Members, require that the terms and conditions of such transactions (including the terms relating to the amounts paid thereunder)
are the same as would be generally available in comparable business transactions if such transactions were with a person that was not
a Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Pay the salaries of its own employees, if any, out of its own funds and maintain a sufficient number of employees in light of its
contemplated business operations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Not guarantee or become obligated for the debts of any other person or hold out its credit as being available to satisfy the obligations
of others;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Allocate fairly and reasonably any overhead for shared office space;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Not pledge its assets for the benefit of any other person or make any loans or advances to any person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Correct any known misunderstanding regarding its separate identity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Maintain adequate capital in light of its contemplated business purposes;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Cause its Board to meet or act pursuant to written consent and keep minutes of such meetings and actions and observe all other Texas
limited liability company formalities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Make any permitted investments directly or through brokers engaged and paid by the Company or its agents;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Not require any obligations or securities of the Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Observe all other limited liability formalities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Failure of the Board to comply with any of the foregoing covenants shall not affect the status of the Company as a separate legal
entity or the limited liability of the Members.

H. <u>Prohibited Actions of the Board</u>. Notwithstanding any other provision of this Agreement to the contrary or any provision of
law that otherwise so empowers the Board, none of the Board on behalf of the Company, shall, without the unanimous approval of the Board,
do any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Guarantee any obligation of any person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Engage, directly or indirectly, in any business or activity other than as required or permitted to be performed pursuant to the Company's
Purpose as described in Section II.A above; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Incur, create, or assume any indebtedness other than as required or permitted to be performed pursuant to the Company's Purpose
as described in Section II.A above.

**VII.** **Fiduciary Duties of the Board.** 

A. <u>Loyalty and Care</u>. Except to the extent otherwise provided herein, each Manager shall have a fiduciary duty of loyalty and care
similar to that of managers of business corporations organized under the laws of Texas.

B. <u>Competition with the Company</u>. The Managers shall refrain from dealing with the Company in the conduct of the Company's
business as or on behalf of a party having an interest adverse to the Company unless a majority, by individual vote, of the Board of Managers
excluding the interested Manager, consents thereto. The Managers shall refrain from competing with the Company in the conduct of the Company's
business unless a majority, by individual vote, of the Board of Managers excluding the interested Manager, consents thereto.

C**.** <u>Duties Only to the Company</u>. The Manager's fiduciary duties of loyalty and care are to the Company and not to the other
Managers. The Managers shall owe fiduciary duties of disclosure, good faith, and fair dealing to the Company and to the other Managers.
A Manager who so performs their duties shall not have any liability by reason of being or having been a Manager.

D. <u>Reliance on Reports</u>. In discharging the Manager's duties, a Manager is entitled to rely on information, opinions, reports,
or statements, including financial statements and other financial data, if prepared or presented by any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· One or more Members, Managers, or employees of the Company whom the Manager reasonably believes to be reliable and competent in the
matters presented;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Legal counsel, public accountants, or other persons as to matters the Manager reasonably believes are within the persons' professional
or expert competence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· A committee of Members or Managers of which the affected Manager is not a participant, if the Manager reasonably believes the committee
merits confidence.

**VIII.** **Dissolution.** 

A. <u>Limits on Dissolution</u>. The Company shall have a perpetual existence and shall be dissolved, and its affairs shall be wound
up, only upon the provisions established in Section II.C above. Notwithstanding any other provision of this Agreement, the bankruptcy
of any Member shall not cause such Member to cease to be a Member of the Company, and upon the occurrence of such an event, the business
of the Company shall continue without dissolution. Each Member waives any right that it may have to agree in writing to dissolve the Company
upon the bankruptcy of any Member or the occurrence of any event that causes any Member to cease to be a Member of the Company.

B. <u>Winding Up</u>. Upon the occurrence of any event specified in Section II.C, the Company shall continue solely for the purpose of
winding up its affairs in an orderly manner, liquidating its assets, and satisfying the claims of its creditors. One or more Members,
selected by the remaining Members, shall be responsible for overseeing the winding up and liquidation of the Company, shall take full
account of the liabilities of the Company and its assets, shall either cause its assets to be distributed as provided under this Agreement
or sold, and if sold as promptly as is consistent with obtaining the fair market value thereof, shall cause the proceeds therefrom, to
the extent sufficient therefor, to be applied and distributed as provided under this Agreement.

C**.** <u>Distributions in Kind</u>. Any non-cash asset distributed to one or more Members in liquidation of the Company shall first be valued
at its fair market value (net of any liability secured by such asset that such Member assumes or takes subject to) to determine the profits
or losses that would have resulted if such asset were sold for such value; such profit or loss shall then be allocated as provided under
this Agreement. The fair market value of such asset shall be determined by the Members or, if any Member objects, by an independent appraiser
(any such appraiser must be recognized as an expert in valuing the type of asset involved) approved by the Members.

D. <u>Termination</u>. The Company shall terminate when (i) all of the assets of the Company, after payment of or due provision for all
debts, liabilities, and obligations of the Company, shall have been distributed to the Members in the manner provided for under this Agreement,
and (ii) the Company's registration with the state of Texas shall have been canceled in the manner required by Texas law.

E. <u>Accounting</u>. Within a reasonable time after complete liquidation, the Company shall furnish the Members with a statement that
shall set forth the assets and liabilities of the Company as at the date of dissolution and the proceeds and expenses of the disposition
thereof.

F. <u>Limitations on Payments Made in Dissolution</u>. Except as otherwise specifically provided in this Agreement, each Member shall
only be entitled to look solely to the assets of the Company for the return of its Initial Contribution and shall have no recourse for
its Initial Contribution and/or share of profits (upon dissolution or otherwise) against any other Member.

G. <u>Notice to Texas Authorities</u>. Upon the winding up of the Company, the Member with the highest percentage of Membership Interest
in the Company shall be responsible for the filing of all appropriate notices of dissolution with Texas and any other appropriate state
or federal authorities or agencies as may be required by law. In the event that two or more Members have equally high percentages of Membership
Interest in the Company, the Member with the longest continuous tenure as a Member of the Company shall be responsible for the filing
of such notices.

**IX.** **Exculpation and Indemnification.** 

A. No Member, Manager, employee, or agent of the Company and no employee, agent, or affiliate of a Member (collectively, the "Covered
Persons") shall be liable to the Company or any other person who has an interest in or claim against the Company for any loss, damage,
or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company
and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except
that a Covered Person shall be liable for any such loss, damage, or claim incurred by reason of such Covered Person's gross negligence
or willful misconduct.

B. To the fullest extent permitted by applicable law, a Covered Person shall be entitled to indemnification from the Company for any
loss, damage, or claim incurred by such Covered Person by reason of any act or omission performed or omitted by such Covered Person in
good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered
Person by this Agreement. Expenses, including legal fees, incurred by a Covered Person defending any claim, demand, action, suit, or proceeding
shall be paid by the Company. The Covered Person shall be liable to repay such amount if it is determined that the Covered Person is not
entitled to be indemnified as authorized in this Agreement. No Covered Person shall be entitled to be indemnified in respect of any loss,
damage, or claim incurred by such Covered Person by reason of such Covered Person's gross negligence or willful misconduct with
respect to such acts or omissions unless such Covered Person is a Member of the Company, who shall have full indemnity against gross negligence
or willful misconduct. Any indemnity under this Agreement shall be provided out of and to the extent of Company assets only.

C. A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions,
reports, or statements presented to the Company by any person as to matters the Covered Person reasonably believes are within such other
person's professional or expert competence and who has been selected with reasonable care by or on behalf of the Company, including
information, opinions, reports, or statements as to the value and amount of the assets, liabilities, or any other facts pertinent to the
existence and amount of assets from which distributions to the Members might properly be paid.

D. To the extent that, at law or in equity, a Covered Person has duties (including fiduciary duties) and liabilities relating thereto
to the Company or to any other Covered Person, a Covered Person acting under this Agreement shall not be liable to the Company or to any
other Covered Person for its good faith reliance on the provisions of this Agreement. The provisions of this Agreement, to the extent
that they restrict the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Members to
replace such other duties and liabilities of such Covered Person.

E. The foregoing provisions of this Article IX shall survive any termination of this Agreement.

**X.** **Insurance.** 

The Company shall have the power to purchase and maintain insurance, including insurance on behalf of any Covered Person against any liability asserted against such person and incurred by such Covered Person in any such capacity, or arising out of such Covered Person's status as an agent of the Company, whether or not the Company would have the power to indemnify such person against such liability under the provisions of Article IX or under applicable law.

**XI.** **Settling Disputes.** 

All Members agree to enter into mediation before filing suit against any other Member or the Company for any dispute arising from this Agreement or Company. Members agree to attend one session of mediation before filing suit. If any Member does not attend mediation, or the dispute is not settled after one session of mediation, the Members are free to file suit. Any lawsuits will be under the jurisdiction of the state of Texas.

**XII.** **General Provisions.** 

A. <u>Notices</u>. All notices, offers,
or other communications required or permitted to be given pursuant to this Agreement shall be in writing and may be personally served
or sent by United ряд States mail and shall be deemed to have been given when delivered in person or three (3) business days
after deposit in United States mail, registered or certified, postage prepaid, and properly addressed, by or to the appropriate party.

B. <u>Number of Days</u>. In computing the number of days (other than business days) for purposes of this Agreement, all days shall be
counted, including Saturdays, Sundays, and holidays; provided, however, that if the final day of any time period falls on a Saturday,
Sunday, or holiday on which national banks are or may elect to be closed, then the final day shall be deemed to be the next day which
is not a Saturday, Sunday, or such holiday.

C. <u>Execution of Counterparts</u>. This Agreement may be executed in any number of counterparts, each of which shall be an original,
and all of which shall together constitute one and the same instrument.

D. <u>Severability</u>. The provisions of this Agreement are independent of and separable from each other, and no provision shall be
affected or rendered invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or
unenforceable in whole or in part.

E. <u>Headings</u>. The Article and Section headings in this Agreement are for convenience and they form no part of this Agreement and
shall not affect its interpretation.

F. <u>Controlling Law</u>. This Agreement shall be governed by and construed in all respects in accordance with the laws of the state
of Texas (without regard to conflicts of law principles thereof).

G. <u>Application of Texas Law</u>. Any matter not specifically covered by a provision of this Agreement shall be governed by the applicable
provisions of Texas law.

H. <u>Amendment</u>. This Agreement may be amended only by written consent of all the Members. For the avoidance of doubt, no amendment
may be made to the agreement without the consent of any Majority Members. Upon obtaining the approval of any such amendment, supplement,
or restatement as to the Certificate, the Company shall cause a Certificate of Amendment or Amended and Restated Certificate to be prepared,
executed, and filed in accordance with Texas law.

I. <u>Entire Agreement</u>. This Agreement contains the entire understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements and understandings, inducements, or conditions, express or implied, oral
or written, except as herein contained.

IN WITNESS WHEREOF, the Members have executed this Amended and Restated Limited Liability Company Agreement as of the date first written above.

MEMBERS:

Charlie Uchill

Date: July 11, 2025

Greg Anderson

Date: July 11, 2025

**<u>ATTACHMENT A</u>**

Initial Contributions of the Members

The Initial Contributions of the Members of CoolMellon, LLC are as follows:

---

| | |
|:---|:---|
| Charlie Uchill | Contribution: Intellectual Property, valued at $500.00 |
| Greg Anderson | Contribution: Intellectual Property, valued at $500.00 |

---

## Ex1Sa-6

**Exhibit 6.D**

**TRANSFER AND SETTLEMENT AGREEMENT**

This Transfer and Settlement Agreement (said agreement, as the same may be amended, restated or other modified from time to time, herein called this "**Agreement**") is entered into as of December 13, 2024 (the "**Effective Date**"), between CM Solutions LLC, a Delaware limited liability company (the "**Company**") and Clearfield Communications, LLC, a Delaware limited liability company (the "**Transferor**"). Transferor and the Company are referred to collectively herein as the "**Parties**" and individually as a "**Party**."

BACKGROUND

WHEREAS, the Transferor owns 100% of the outstanding equity interests (the "**Ceres Interest**") of Ceres Coin, LLC, a Delaware limited liability company ("**Ceres**"); and

WHEREAS, the Parties desire that (A) the Transferor transfer to the Company or Ceres, as applicable (i) the Transfer Interests (defined below) (ii) the Transferor's right to receive 42 million Ceres Tokens (as defined in that certain side letter dated January 30, 2024 (the "**Original Side Letter**") among the Transferor, the Company, Turtle Shark Capital, LLC ("**Turtle Shark**") and the 4 individuals who then owned 100% of the equity interests in Turtle Shark), and (iii) all of the Intellectual Property Assets (defined below); in exchange for (1) the Company transferring to Transferor 4,324 Class B units in the Company (the "**CMS Class B Units**"); and (2) Ceres granting to Transferor a perpetual license which will allow the Transferor to exclusively use the current Ceres platform and software for the purposes set forth in the New Side Letter (as hereinafter defined; and said transfer of the CMS Class B Units and the granting of such license is herein collectively called the "**CL Unit and License Transfer**"), (B) the Original Side Letter be amended and restated, (C) the Parties enter into certain reciprocal obligations, agreements and other considerations set forth in the New Side Letter, on the terms and conditions set forth herein, provided that the foregoing obligations shall be subject to the satisfactory completion of certain closing conditions and obligations more particularly set forth in this Agreement and (D) the Parties provide each other with mutual releases (as provided for herein) in settlement of certain potential outstanding claims which they mat currently have against one another;

NOW, THEREFORE, in consideration of the mutual promises and covenants set forth below and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

**ARTICLE 1.**

**<u>CLEARFIELD TRANSFER AND SUBSCRIPTION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Clearfield Transfers</u>. At the Closing, upon and subject to the terms and conditions of this Agreement, the Transferor shall assign, transfer, deliver and convey to the Company, (i) 100% of the Ceres Interests described on <u>Schedule 1.1</u> attached hereto (the "**Transfer Interests**"), (ii) the Transferor's right to receive 42 million Ceres Tokens (the "**Transfer Ceres Tokens**") to be issued by Ceres, all as contemplated in the Original Side Letter, and (iii) the Ceres' Intellectual Property Assets, in each case free and clear of all Liens (said transfers herein collectively called the "**Clearfield Transfers**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Subscriptions</u>. The Transferor hereby irrevocably subscribes to acquire from the Company, for no cash consideration, 4,324 Class B Units of the Company, which units are currently owned by the Company, as set forth on <u>Schedule 1.2</u> attached hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Excluded Liabilities</u>. Notwithstanding anything herein to the contrary, in no event will the Company assume, agree to pay, discharge or satisfy, or otherwise have any responsibility for, any Liability (which arose during the period from January 30, 2024 to Closing Start Date) of the Transferor or any of its Affiliates of any kind, whether known, unknown, contingent or otherwise in connection with its ownership of the Transfer Interests, including without limitation, any Liability arising out of or relating to: (a) any actual or alleged violation of any Law; or (b) any Liability for Taxes, and any fines, penalties, assessments, expenses or interest related thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4. <u>Fair Market Value</u>. The Parties acknowledge and agree that the value of the assets being transferred in connection with the Clearfield Transfers, and the commitments being made to the Company by the Transferor in respect thereof, in each case represents fair market value to the Company in exchange for the Transfer Interests, the perpetual license contemplated herein to be granted to the Transferor, and the obligation of Ceres to pay the Transferor the sum of $250,000, as contemplated in Section 5.2 (c) (ii) (A) below.

**ARTICLE 2.**

<u>**REPRESENTATIONS AND WARRANTIES OF THE TRANSFEROR**</u>

The Transferor, for itself and its Affiliates, hereby makes the representations and warranties set forth below to the Company as of the Closing Start Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1. <u>Authority</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (i) each of Ceres and the Transferor is duly organized, validly existing and in good standing under the laws of their respective jurisdiction of organization, (ii) the Transferor has all requisite power and authority to enter into, execute and deliver this Agreement and any and all other documents required to be delivered in connection with this Agreement or at the Closing (collectively, the "**Transaction Documents**") and to carry out its obligations hereunder and to consummate the transactions contemplated hereby, and (iii) this Agreement and the transactions contemplated hereby have been duly authorized by all required limited liability company action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Transferor is acquiring the CMS Class B Units for its own account, for investment only and not with a view to, or any present intention of, effecting a distribution of such securities or any part thereof except pursuant to a registration or an available exemption under applicable Law. The Transferor acknowledges that the CMS Class B Units have not been registered under the Securities Act of 1933, as amended (the "**Securities Act**"), or the securities laws of any state or other jurisdiction and cannot be disposed of unless they are subsequently registered under the Securities Act and any applicable state laws or an exemption from such registration is available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Transferor is familiar with the business in which the Transferor is or shall be engaged, and based upon its knowledge and experience in financial and business matters, it is familiar with the investments of the type that it is undertaking to purchase; it is fully aware of the problems and risks involved in making an investment of this type; and it is capable of evaluating the merits and risks of this investment. The Transferor has conducted its own independent investigation, verification, review and analysis of the business, operations, assets, liabilities, results of operations, financial condition, technology and prospects of the Transferor, which investigation, review and analysis was conducted by the Transferor and, to the extent the Transferor deemed appropriate, by its representatives. In entering into this Agreement, the Transferor acknowledges that it has relied solely upon the aforementioned investigation, review and analysis and not on any factual representations, opinions or projections of the Transferor or any of their respective Affiliates or representatives (except the specific representations and warranties of the Company set forth herein,).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2. <u>Enforceability</u>. This Agreement has been duly executed and delivered by the Transferor and constitutes a valid and legally binding obligation of the Transferor, enforceable against the Transferor in accordance with its terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3. <u>Consents; No Conflicts</u>. The execution, delivery and performance of the Transaction Documents by the Transferor do not: (a) conflict with or result in a breach of or default under the organizational documents of the Transferor or Ceres; (b) result in a violation of any Law, order, judgment or decree by which the Transferor or any of its Affiliates is bound; or (c) conflict with or result in a material breach of or default under any Contract, License or Lien to which the Transferor or any of its Affiliates is a party or by which the Transferor or any of its Affiliates is bound. Except as described on <u>Schedule 2.3</u>, no consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Entity or other Person is required with respect to Ceres or the Transferor in connection with the execution, delivery or performance of this Agreement or the consummation of the transactions contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4. <u>Capital Structure</u>. All of the issued and outstanding equity securities of Ceres are duly authorized, validly issued, and to the extent applicable, fully paid and non-assessable and are held of record and beneficially owned by the Transferor and not subject to or issued in violation of any purchase option, call option, right of first refusal, preemptive right, subscription right or any similar right under any provision of Applicable Law or of Ceres' Amended and Restated Operating Agreement effective as of January 29, 2024 or any agreement to which Ceres is a party or otherwise bound. None of the Equity Securities of Ceres have been issued in violation of any federal or state securities Laws. There are no accrued and unpaid dividends or distributions with respect to any outstanding Equity Securities of Ceres. Except as set forth on <u>Schedule 2.4</u>, there is no Contract, agreement, trust, proxy or other arrangement entered into from January 30, 2024 to the Effective Date pursuant to which Ceres has granted any warrant, right, option, conversion privilege, unit purchase plan, put, call or other contractual obligation relating to the offer, issuance, purchase or redemption, exchange, conversion, voting or transfer of any Equity Securities of Ceres or other securities convertible into or exchangeable for Equity Securities of Ceres (now, in the future or upon the occurrence of any contingency) or that provides for any equity appreciation, phantom equity, equity participation or similar right with respect to Ceres. Except for the Original Side Letter, there is no Contract, agreement, trust, proxy or other arrangement between Ceres and any Person (which has been entered into from January 30, 2024 to the Effective Date) with respect to or relating to the Ceres Tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5. <u>Subsidiaries</u>. Ceres does not (i) have any direct or indirect Subsidiaries; or (ii) own of record or beneficially, directly or indirectly, any Equity Securities of any Person, or any interest in a partnership or joint venture of any kind.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6. <u>Litigation</u>. There is no Proceeding pending or, to Ceres' or the Transferor's actual knowledge, threatened against, relating to or involving Ceres or the Transferor before any Governmental Entity or arbitrator. Ceres and the Transferor are not subject to any judgment, decree, injunction, rule or order of any court or arbitration panel. There is no Proceeding pending or, to Ceres' or the Transferor's actual knowledge, threatened against, relating to or involving Ceres or the Transferor that could reasonably be expected to adversely affect Ceres' or the Transferor's ability to consummate the transactions contemplated hereby or prohibit or limit the Transferor from performing its obligations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7. <u>Compliance</u>. Except as set forth on <u>Schedule 2.7</u>:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of Ceres and the Transferor is in compliance in all material respects with all applicable Laws. Neither Ceres nor the Transferor has been charged with or received any written notice that it is under investigation with respect to any violation of any applicable Law or other requirement of a Governmental Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All filings, submissions, correspondence and communications to Governmental Entities, including without limitation the United States Securities and Exchange Commission (the "**SEC**"), were and continue to be complete and correct in all material respects, but for the avoidance of doubt, the Parties acknowledge that the original Offering Statement on Form 1-A effective as of March 3, 2021, which was previously submitted and approved by the SEC, contains information which is now stale and the Parties intend to permit Ceres to make a supplemental filing, in form and substance reasonably satisfactory to the Company, with the SEC to amend filings and update the stale information set forth therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of Ceres and the Transferor possesses all material Licenses necessary for the conduct of its business and all such Licenses are in full force and effect. Neither Ceres nor the Transferor has been in material breach or violation of, or default under, any such License. No suspension, cancellation, revocation or termination of any License is, to Ceres' or the Transferor's actual knowledge after reasonable investigation, threatened. Neither Ceres nor the Transferor has received any written notice or written communication from any Governmental Entity regarding any violation of any License.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8. <u>Title to Assets; Sufficiency and Condition of Assets</u>. Ceres does not own or lease any tangible properties or assets. Ceres' non-tangible assets (which are capable of operating) are in such operating condition that the Company and/or Ceres after the Closing Start Date will be able to operate in substantially the same manner as Ceres has been using such assets immediately prior to the Closing Start Date. Ceres owns good and valid title to, or a valid leasehold interest in, free and clear of all Liens, all of Ceres' non-tangible properties and assets. No assets of Ceres have ever been transferred to any Person outside of the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9. <u>Financials</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Transferor has provided the Company with complete copies of Ceres' financial statements, including but not limited to its most recent balance sheet, income statement, cash flow statement, notes to financial statements and statement of changes in equity (collectively, the "**Ceres Financial Statements**") to the Company. The Ceres Financial Statements have been prepared in accordance with GAAP, consistently applied, are complete and correct in all material respects, and present fairly the financial condition of Ceres at the dates of said statements and the results of its operations for the periods covered thereby. The Ceres Financial Statements have been prepared from books and records maintained by Ceres consistent with past practices.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Ceres does not, nor will it have, any Liabilities of any nature, whether accrued, absolute, contingent or otherwise (including Liabilities as guarantor or otherwise with respect to obligations of others, Liabilities for Taxes due or then accrued or to become due, or contingent or potential Liabilities relating to activities of Ceres or the conduct of its business prior to the Closing Start Date regardless of whether claims in respect thereof have been asserted), except Liabilities (i) stated on the Ceres Financial Statements or (ii) incurred in the Ordinary Course consistent with the terms of this Agreement and disclosed to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Ceres has no Indebtedness (including, for the avoidance of doubt, any Indebtedness pursuant to any capitalized leases (or leases which should have been capitalized under GAAP)), other than any of the Existing Ceres Liabilities to the extent that any of them constitute Indebtedness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10. <u>Changes</u>. Since January 30, 2024, there has occurred no fact, event or circumstance with respect to Ceres which has had, or would reasonably be expected to have, a Material Adverse Effect. Without limiting the foregoing, Ceres has been operated only in the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11. <u>Tax Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Ceres has timely and properly filed all Tax Returns required to be filed by it in all applicable jurisdictions, and all such Tax Returns are true, correct and complete in all material respects and were prepared in compliance with all applicable Laws. No written claim has ever been made by any taxing authority in a jurisdiction where Ceres does not file Tax Returns that such Person is or may be subject to taxation by, or required to file Tax Returns in, that jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Ceres has paid or caused to be paid all Taxes due and owing (whether or not shown on any Tax Return). There are no Liens for Taxes upon any of the assets of Ceres. No deficiency with respect to Taxes has been proposed or asserted in writing or assessed against Ceres, except for deficiencies which have already been paid or otherwise resolved. There are in effect no waivers of applicable statutes of limitations with respect to any Taxes owed by Ceres for any year, nor any agreement to any extension of time with respect to any Tax payment, assessment, deficiency, or collection. No Tax audit is pending, proposed or, to Ceres' knowledge, threatened in writing against Ceres in respect of any Tax. The aggregate unpaid Taxes of Ceres, (i) do not exceed the reserve for Tax Liability set forth on the face of the applicable balance sheet contained in the Ceres Financial Statements and (ii) do not exceed that reserve as adjusted for the passage of time through the Closing Start Date in accordance with the past custom and practice in preparing its financial statements and filing its Tax Returns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Ceres has complied with all applicable Laws relating to the payment and withholding of Taxes and has duly and timely withheld and paid over to the appropriate taxing authority all amounts required to be so withheld and paid under all applicable Laws, including any Taxes in connection with any amounts paid or owing to any present or former employee, officer, director, independent contractor, creditor, member or any other third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Ceres (i) is neither a party to or nor bound by any Tax allocation or sharing agreement, (ii) has not been a member of an affiliated group of corporations filing a consolidated federal income Tax Return or (iii) has no liability for Taxes of any other Person under Treasury Regulations Section 1.1502-6 (or any similar provision of non-U.S., state or local law), as a transferee or successor, by contract or otherwise. Ceres is not a party to any Contract, plan or arrangement, that, individually or collectively, could give rise to the payment of any amount that would not be deductible pursuant to Section 280G or Section 162 of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Ceres will not be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) beginning after the Closing as a result of any (i) use of an improper method of accounting or change in method of accounting for a taxable period ending on or prior to the Closing, (ii) "closing agreement" as described in Section 7121 of the Code (or any corresponding or similar provision of state, local, or non-U.S. income tax law) executed on or prior to the Closing, (iii) installment sale or open transaction disposition made on or prior to the Closing, (iv) prepaid amount received on or prior to the Closing, or (v) election under Section 108(i) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Ceres is not and never has been a party to any "listed transaction," as defined in Section 6707A(c)(2) of the Code and Treasury Regulations Section 1.6011-4(b)(2).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12. <u>Accounting Controls</u>. Ceres maintains (and, for all periods covered by the Ceres Financial Statements, has maintained) internal controls over financial reporting to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP. Such accounting controls of Ceres have been and are sufficient to provide reasonable assurances that: (i) all material transactions are executed in accordance with management's general or specific authorization and are properly reflected in Ceres Financial Statements under GAAP; and (ii) all material transactions are recorded as necessary to permit the accurate preparation of financial statements in accordance with GAAP and to maintain proper accountability for such items.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13. <u>Privacy and Security</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Ceres owns or has the right to use all Systems currently used in connection with the operations of its business. No notice of any material defect has been sent or received by Ceres in respect of any License or lease under which Ceres receives any System.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each System owned or used by Ceres has the capacity and performance necessary to fulfill the requirements it currently performs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each of the Systems owned by Ceres is held by Ceres as sole, legal and beneficial owner and is held free of all Liens or any other similar third-party rights or interests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Schedule 2.13(d)</u> contains a complete and accurate list of any service providers that record, store, maintain, operate or otherwise process the records, Systems, controls or data used by Ceres (including holding through electronic, mechanical or photographic process whether computerized or not), and also lists the written Contract, if any, by which the relationship between the service provider and Ceres is documented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Ceres has taken commercially reasonable precautions consistent with applicable industry standards and practices designed to protect the integrity and security (both logical and physical), as applicable, of the Systems from any unauthorized use, access, interruption or modification by any other Person. The Systems constitute all technology assets necessary to operate and perform as currently required for Ceres to conduct its business as of the Closing Start Date, in the manner in which it is presently conducted and presently contemplated to be conducted in the future. The Systems, (i) operate and run in a commercially reasonable business manner, (ii) conform in all material respects to Ceres, or its customer specifications thereof, and (iii) operate materially in accordance with Ceres documentation provided with such software or other technology and applicable warranties in customer Contracts. The Systems do not contain any "time bombs," "Trojan horses," "back doors," "trap doors," worms, viruses, spyware, keylogger software, ransomware or other faults or malicious code or damaging devices. Any purchased software and the other Systems, including any Systems involved in the hosting of the purchased software, have not materially malfunctioned or failed in any manner that adversely impacted customer-facing capabilities within the past three years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Ceres is and at all times has been in compliance, in all material respects, with all Data Requirements. Ceres: (i) has implemented, maintained, and complied with written privacy and security policies with respect to any Personal Data processed by it or on its behalf, including privacy notices or policies on each website or application operated by it or on its behalf; (ii) employs reasonable and appropriate safeguards sufficient to protect all Personal Data that is processed by it or on its behalf from loss, misappropriation, or unauthorized or unlawful use, disclosure, access, or other processing; (iii) has provided all notices, and obtained all consents, required by any Data Requirement for any collection, use, disclosure, cross-border transfer, retention, or other processing of Personal Data by it or on its behalf; and (iv) entered into a Contract with each service provider that processes Personal Data for it or on its behalf, which complies with any applicable Data Requirements. Neither the execution, delivery, or performance of this Agreement by Ceres, nor the consummation of any of the transactions by Ceres, will violate any of the Data Requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No written notices, claims, charges or complaints have, since the date that is five years prior to the Closing Start Date, been made against Ceres by any Governmental Entity or other Person alleging a violation of any applicable Data Requirements. Since the date that is five years prior to the Closing Start Date, there has been no unauthorized access, loss, use, or disclosure of any Personal Data in the possession or under the control of Ceres in violation of any Data Requirement, and there have not been any incidents of data security breaches, unauthorized access or use of any of the Systems, or unauthorized acquisition, destruction, damage, disclosure, loss, corruption, alteration, or use of any Personal Data in each case where Ceres was required by any applicable Data Requirement to notify a Governmental Entity, affected individuals, or other third parties of such occurrence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14. <u>Intellectual Property</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Schedule 2.14(a)</u> sets forth a true, correct, and complete list (x) of Ceres' Intellectual Property Assets, a true, correct and complete list of which is set forth on <u>Schedule 2.14(a)</u>, including all pending applications and active registrations of Intellectual Property Assets included in Ceres' Intellectual Property Assets, including, as applicable, the record owner, jurisdiction and issuance, registration or application number and date, as applicable, of such item, and (y) the Intellectual Property (as defined in the Steady Labs Contract) which is owned by the Transferor pursuant to the applicable provisions set forth in the Steady Labs Contract.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Ceres is the sole and exclusive owner of all right, title and interest in and to Ceres' Intellectual Property Assets, a true, correct and complete list of which is set forth on <u>Schedule 2.14(a)</u>, and is the subject of valid and enforceable assignments of rights by any and all Persons who participated in the creation and development thereof, or if licensed to Ceres by a third party, such Intellectual Property Assets are the subject of a written license or other agreement, in each case, free and clear of Liens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The consummation of the transactions contemplated hereunder will not result in the loss or impairment of or payment of any additional amounts with respect to, nor require the consent of any other Person in respect of, Ceres' right to own, use or hold for use any of Ceres' Intellectual Property Assets as owned, used or held for use in the conduct of the business as currently conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Ceres' rights in Ceres' Intellectual Property Assets are valid, subsisting and enforceable. Ceres have taken all reasonable steps to maintain Ceres' Intellectual Property Assets and to protect and preserve the confidentiality of Ceres' trade secrets included in Ceres' Intellectual Property Assets, including requiring all Persons having access thereto to execute written non-disclosure agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Ceres has not received any notice alleging that it has infringed, misappropriated or otherwise violated Ceres' Intellectual Property Assets or other rights of any Person. Neither the use nor practice of Ceres' Intellectual Property Assets infringes upon, misappropriates, or otherwise violates any Intellectual Property Assets or other rights of any Person. To Ceres' knowledge, after reasonable inquiry, no Person has infringed, misappropriated, diluted or otherwise violated, or is currently infringing, misappropriating, diluting or otherwise violating, Ceres' Intellectual Property Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) There are no Actions (including any oppositions, interferences or re-examinations) settled, pending or, to Ceres' knowledge, threatened (including in the form of offers to obtain a license): (i) alleging any infringement, misappropriation, dilution or violation of the Intellectual Property Assets of any Person by Ceres in connection with the business; (ii) challenging the validity, enforceability, registrability or ownership of any of Ceres' Intellectual Property Assets or Ceres' rights with respect to any of Ceres' Intellectual Property Assets; or (iii) by Ceres or any other Person alleging any infringement, misappropriation, dilution or violation by any Person of any of Ceres' Intellectual Property Assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Transferor is the sole and exclusive owner of all right, title and interest in and to the "Intellectual Property" (as such term is defined in the Steady Labs Contract) which to date has been created pursuant to the Steady Labs Contract, and Transferor's interest in such Intellectual Property is valid, subsisting and enforceable, and the Transferor has taken all reasonable steps to maintain such Intellectual Property and to protect and preserve the confidentiality of the Transferor's trade secrets included in such Intellectual Property, including requiring all Persons having access thereto to execute written non-disclosure agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15. <u>Real Property</u>. Ceres does not own or lease, and has never owned or leased, any real property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16. <u>Insurance</u>. Ceres does not maintain insurance policies on its properties, assets or businesses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17. <u>Material Contracts</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Transferor has delivered or made available to the Company a correct and complete copy (as amended, supplemented or modified to date) of each Material Contract pursuant to which Ceres is a party, or an amendment of any such Material Contract, in each case which has been entered into on or after January 30, 2024. With respect to each such Material Contract, or amendment, or any other Material Contract entered into prior to, or on, January 30, 2024: (i) each such agreement or amendment is in full force and effect; (ii) the agreement is a legal, valid, binding and enforceable obligation of Ceres and is the legal, valid, binding and enforceable obligation of the other parties thereto, each subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting creditors' rights generally; (iii) neither Ceres, nor any other party thereto is in breach or default thereof; (iv) no party has given written notice of its intention to, or no event has occurred that, with the lapse of time or the giving of notice or both, would give Ceres, or any other party thereunder the right to, exercise any remedy under, or to accelerate the maturity or performance of, or payment under, or to cancel, terminate or modify, any such Material Contract, or cause the creation of any Lien on any of Ceres's assets; and (v) no party has given notice of any dispute with respect to such Material Contract. There are no Material Contracts that cannot be readily fulfilled or performed by the Company without undue or unusual expenditure of money or preparation, action or arrangement outside of the Ordinary Course.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Transferor has terminated that certain Consulting Agreement (the "**Steady Labs Contrac**t") entered into as of January 8, 2024 between (i) Steady Labs, LLC and David Lumley, and (ii) the Transferor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18. <u>Transactions with Affiliates</u>. No officer, director, manager, owner or Affiliate of the Transferor is a party to any Contract or transaction with Ceres or has any interest in any property used by Ceres, except as set forth in the Restated Side Letter. New Side Letter or the Transferor Assignment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19. <u>No Brokers</u>. Neither the Transferor nor Ceres has employed any broker, finder or investment banker or incurred any Liability for any investment banking fees, financial advisory fees, brokerage fees or finders' fees in connection with the transactions contemplated hereby. Any amounts owed to a broker, finder or investment banker shall be the sole responsibility of the Party or Parties which engaged such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20. <u>Disclosure</u>. The representations and warranties made or contained in this Article II and all other information provided by Ceres or the Transferor in connection with the transactions contemplated hereby, when taken together, do not and shall not contain any untrue statement of a material fact and do not and shall not omit to state a material fact required to be stated herein or therein or necessary in order to make such representations, warranties or other material not misleading in the light of the circumstances in which they were made or delivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21. <u>Ceres Organizational Documents and Token Rights Agreement</u>. No changes or modifications have been made to the Ceres' Amended and Restated Operating Agreement effective as of January 29, 2024 or to Ceres' Token Rights Agreement, which was made effective as of February 6, 2024 and which was included as Exhibit 3.A to FORM 1-U dated March 6, 2024 that was submitted by Ceres to the SEC.

**ARTICLE 3.**

<u>**REPRESENTATIONS AND WARRANTIES OF THE COMPANY**</u>

The Company hereby makes the representations and warranties set forth below to the Transferor as of the Closing Start Date:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Authority and Enforceability</u>. The Company is a limited liability company duly formed and validly existing under the laws of the State of Delaware. The Company has all requisite power and authority to enter into, execute and deliver the Transaction Documents and to carry out its obligations hereunder and to consummate the transactions contemplated hereby. The Transaction Documents and the transactions contemplated thereby have been duly authorized by all required limited liability company action. This Agreement has been duly executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms. The Company is, and since January 11, 2021, has been, classified as a partnership for federal (and, as applicable, state and local) income tax purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>No Conflicts</u>. The execution and delivery of this Agreement and of the other instruments and agreements to be executed and delivered by the Company as contemplated hereby, and the consummation by the Company of the transactions contemplated hereby will not, result in a violation or breach of, conflict with, constitute a default under, or result in the creation of any Lien upon any of the Company's assets under: (a) any Law or Order applicable to the Company or by which any of its properties or assets may be bound; or (b) any contract to which the Company is a party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. <u>Litigation</u>. There is no Action pending or, to the Company's knowledge, threatened against or by the Company: (a) relating to or affecting the business or its assets; or (b) that challenge or seek to prevent, enjoin, or otherwise delay the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4. <u>Company's Organizational Documents</u>. The Company has delivered to Transferor true and complete copies of the Company's Organizational Documents (as in effect immediately prior to the Closing Start Date) and each modification or amendment thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5. <u>No Brokers</u>. The Company has not employed any broker, finder or investment banker or incurred any Liability for any investment banking fees, financial advisory fees, brokerage fees or finders' fees in connection with the transactions contemplated hereby. Any amounts owed to a broker, finder or investment banker shall be the sole responsibility of the Party or Parties which engaged such Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6. <u>Disclosure</u>. The representations and warranties made or contained in this Article III and all other information provided by the Company in connection with the transactions contemplated hereby, when taken together, do not and shall not contain any untrue statement of a material fact and do not and shall not omit to state a material fact required to be stated herein or therein or necessary in order to make such representations, warranties or other material not misleading in the light of the circumstances in which they were made or delivered.

**ARTICLE 4.**

<u>**RELEASE, COVENANTS AND OTHER AGREEMENTS**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Taxes on the Clearfield Transfers</u>. The Transferor shall not be obligated to pay any transfer, documentary, sales, use, registration, stamp and other such Taxes and fees (including any penalties and interest thereon) incurred in connection with the Clearfield Transfers, provided however, that the Transferor represents that it is not aware of any such Taxes or fees which are payable in connection with the Clearfield Transfers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Release by the Transferor and Related Parties</u>. Effective as of the Closing, the Transferor and its Affiliates and each of its and their respective past, present or future officers, directors, employees, agents, general or limited partners, managers, management companies, members, stockholders, equity-holders, controlling Persons, representatives and Affiliates, and any heir, executor, administrator, estate, successor or assign of any of the foregoing (collectively, the "**Transferor Releasing Parties**"), hereby irrevocably and unconditionally waives, releases, acquits and forever discharges, to the fullest extent permitted by applicable Law, the Company, Ceres, their respective Affiliates, Charles Uchill, Greg Anderson and each of the foregoing's other respective past, present or future officers, directors, employees, agents, general or limited partners, managers, management companies, members, direct or indirect equity-holders, controlling Persons, representatives or Affiliates, or any heir, executor, administrator, successor or assign of any of the foregoing (collectively, the "**Company Released Parties**"), of and from any and all actions, causes of Action, duties, debts, dues, accounts, bonds, contracts and covenants (whether express or implied), and claims and demands whatsoever, whether in law or in equity (whether based upon contract, tort or otherwise and whether absolute or contingent, liquidated or unliquidated, foreseen or unforeseen, known or unknown, determined, determinable or otherwise), which the Transferor Releasing Parties may have against each of the Company Released Parties, now or in the future, in each case in respect of any cause, matter or thing relating to matters that occurred or arose prior to the Closing which relate to (I) (x) the operation of the business of Ceres or the Transferor, and/or (y) the relationship of the Transferor, and/or any of the other Transferor Releasing Parties, with the Company, Ceres and/or by any of the Company Released Parties and/or (II) the employment of any of the Company Released Parties by Ceres, and/or the Transferor, provided that none of the foregoing releases shall relate to, or diminish any of the liabilities which pursuant to the express terms of this Agreement are intended to survive this Agreement and/or to any of the rights, benefits and/or obligations which are set forth in the Transferor Assignment, the Ceres Perpetual License, Ceres Membership Assignment, the Restated Side Letter and/or the New Side Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. <u>Public Announcement</u>. The Parties will not make any public announcement concerning the transaction, except with mutual consent of the other Party or as required by Law or rules of any securities exchange on which either Party lists its securities, provided that a copy of any such announcement shall be provided to the other Party in advance for the other Party's review and comment and such Party's consent shall not be unreasonably withheld.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Confidentiality</u>. Following the Closing, the Transferor shall, and shall cause it officers, directors, employees, agents, general or limited partners, managers, management companies, members, stockholders, equity-holders, controlling Persons, representatives and Affiliates, and any heir, executor, administrator, estate, successor or assign of any of the foregoing (each a "**Receiving Party**" and, collectively, the "**Receiving Parties**") keep all Confidential Information (including the discussions and negotiations preceding, and the terms of, this Agreement and the Transaction Documents) confidential, and will not disclose or use any of such Confidential Information, except to the extent (i) that such Receiving Party is engaged as an employee or independent contractor of the Company, in which case such Receiving Party may use such Confidential Information strictly for the purposes of such engagement, (ii) such Receiving Party is lawfully exercising any of its rights created pursuant to the Restated Side Letter, the New Side Letter, the Escrow Letter (as hereinafter defined), the Confirmation Letter (as hereinafter defined) and/or the Ceres Perpetual License (or such Receiving Party is lawfully performing any of its duties in its capacity as an officer, director or employee of a Receiving Party who is lawfully exercising its rights pursuant to the Restated Side Letter, the New Side Letter, the Escrow Letter(as hereinafter defined) and/or the Ceres Perpetual License), (iii) it is legally necessary to disclose such information to a Governmental Entity having jurisdiction over such Receiving Party from whom disclosure is sought, (iv) necessary to obtain personal tax or legal services to enable compliance with tax returns, employment compliance or other personal legal matters, (v) any Law requires otherwise, or (vi) such duty as to confidentiality is waived in writing by the Company; provided that, with respect to clauses (iii) and (v), if such Receiving Party is requested or required (by oral question or request for information or documents in any Action or Proceeding) to disclose any Confidential Information, such Receiving Party will notify the Company promptly of the request or requirement and cooperate to allow the Company to seek an appropriate protective order or waive compliance with the provisions of this Section 4.4. If, in the absence of a protective order or the receipt of a waiver under this Agreement, such Receiving Party is, in the written opinion of outside counsel, compelled to disclose any Confidential Information to any tribunal or else stand liable for contempt, such Receiving Party may disclose the Confidential Information to the tribunal; provided, however, that such Receiving Party will use its commercially reasonable efforts to obtain, at the request of the Company, an order or other assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed as the Company will designate, and will comply with the Company's requests with respect to the timing and manner of such disclosure, in each case, to the extent permitted by Law. Each Receiving Party will cause its representatives to comply with this Section 4.4 as if such representative were a party under this Agreement and shall be responsible for any breach of this Section 4.4 by any of its representatives. This Section 4.4 shall survive the termination or expiration of this Agreement, provided that notwithstanding anything herein contained to the contrary, none of the foregoing provisions of this Section 4.4 shall in any way constitute a release of any of the obligations of the Transferor set out in the Restated Side Letter, the New Side Letter, the Ceres Org Doc Amendment, the New Ceres Operating Agreement, the Escrow Letter and /or the Ceres Perpetual License.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. <u>Further Assurances</u>. Each Party shall, on and after the Closing, from time to time, at any other Party's reasonable request and without further consideration, execute and deliver to such other Party such instruments of transfer, conveyance, and assignment as shall be reasonably requested to complete the transactions contemplated by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. <u>Taxes on the CL Unit and License Transfer</u>. The Company shall not be obligated to pay any transfer, documentary, sales, use, registration, stamp and other such Taxes and fees (including any penalties and interest thereon) incurred in connection with the <u>CL and License Unit</u> Transfer, provided however, that the Transfer represents that it is not aware of any such Taxes or fees which are payable in connection with the CL Unit and the License Transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. <u>Release by the Company and Related Parties</u>. Effective as of the Closing, the Company and its Affiliates and each of its and their respective past, present or future officers, directors, employees, agents, general or limited partners, managers, management companies, members, stockholders, equity-holders, controlling Persons, representatives and Affiliates, and any heir, executor, administrator, estate, successor or assign of any of the foregoing (collectively, the "**Company Releasing Parties**"), hereby irrevocably and unconditionally waives, releases, acquits and forever discharges, to the fullest extent permitted by applicable Law, the Transferor, its Affiliates, and each of the Transferor's respective past, present or future officers, directors, employees, agents, general or limited partners, managers, management companies, members, direct or indirect equity-holders, controlling Persons, representatives or Affiliates, or any heir, executor, administrator, successor or assign of any of the foregoing (collectively, the "**Transferor Released Parties**"), of and from any and all actions, causes of Action, duties, debts, dues, accounts, bonds, contracts and covenants (whether express or implied), and claims and demands whatsoever, whether in law or in equity (whether based upon contract, tort or otherwise and whether absolute or contingent, liquidated or unliquidated, foreseen or unforeseen, known or unknown, determined, determinable or otherwise), which the Company Releasing Parties may have against each of the Transferor Released Parties, now or in the future, in each case in respect of any cause, matter or thing relating to matters that occurred or arose prior to the Closing which relate to (I) (x) the operation of the business of Ceres or the Company, and/or (y) the relationship of the Company, or any of the other Company Releasing Parties, with the Transferor, Ceres and/or by any of the Transferor Released Parties, and (II) the employment of any of the Company Released Parties by Ceres, and/or the Transferor, provided that none of the foregoing releases shall relate to, or diminish any of the liabilities which pursuant to the express terms of this Agreement are intended to survive this Agreement and/or to any of the rights, benefits and/or obligations which are set forth in the Transferor Assignment, the Ceres Perpetual License, Ceres Membership Assignment the Restated Side Letter and/or the New Side Letter.

**ARTICLE 5.**

**<u>CLOSING</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>Closing</u>. On the Effective Date, this Agreement shall be executed and the transactions contemplated in this Article 5 to be completed by the Effective Date, shall also occur on such date (said date being herein called the "**Closing Start Date**"), provided it is understood that after the applicable written materials to be placed into escrow pursuant to the Escrow Letter has occurred, the subsequent delivery of such written materials out of escrow, and effectiveness of such written materials, in each case will not be occur until Coretelligent (as hereinafter defined) shall have performed all of the necessary work and satisfied to applicable conditions in order to release the escrowed written materials from the escrow pursuant to the terms of the Escrow Letter (it being understood that the term "**Closing**" shall mean when (x) the Parties are reasonably satisfied that the Closing Conditions (as such term is defined in the Escrow Agreement) are satisfied and (y) respective representatives of (i) each of the Parties and (ii) the Former Turtle Shark Members (as defined in the Restated Side Letter), have unanimously confirmed on a conference phone call or video session conducted on that day that the various deliveries called for in this Article 5 have occurred and that they are each satisfied that the "Closing" has occurred..

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>Transferor Deliveries</u>. The obligations of the Company to complete transactions to occur on the Closing Start Date are subject to the satisfaction or waiver of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The representations and warranties made by the Transferor pursuant to Article II above shall be true and correct in all respects as of the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Transferor shall have complied with, and performed, in all material respects, all of its agreements and covenants under this Agreement, the Restated Side Letter, the New Side Letter, the Transferor Assignment, the Ceres Perpetual License, the Ceres Org Doc Amendment and the other Transaction Documents to which Transferor is a party and the other ancillary documents to which Transferor is a party required to be complied with or performed by the Transferor at or prior to the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) By no later than the Closing Start Date, the Transferor shall have executed and delivered in escrow the following written materials (other than the Escrow Letter) and such written materials shall then be held in escrow pursuant to the Escrow Letter, each of which shall be in form and substance reasonably satisfactory to the Transferor and the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) an assignment of membership interests (the "**Transferor Assignment**") duly executed by the Transferor, whereby the Transferor assigns, transfers, delivers and conveys to the Company or Ceres. as the case may be, (i) the Transfer Interests, (ii) the right of the Transferor to receive the Transfer Ceres Tokens which previously were to be issued to the Transferor (as originally contemplated in the Original Side Letter), and (iii) all of the Ceres' Intellectual Property Assets and in the Intellectual Property (as that term is defined in the Steady Labs Contract), in each case free and clear of all Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a side letter (the "**New Side Letter**") duly executed by the Transferor, in form and substance reasonably satisfactory to the Company and the Transferor, which sets out certain rights, commitments and obligations which are intended to survive the Closing, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) provisions that goal of Ceres or any transferee which owns any aspect of the Ceres
platform (collectively, "**CMS2**") in raising its next round of capital raising or any other capital infusion, offering,
or financing involving parties related or unrelated to CMS2, will be to raise capital for CMS2's business operations in the amount
of at least $2,500,000.00. If CMS2 should raise $2,500,000.00 of capital or more, then CMS2 shall make a payment by two (2) wire transfers
in the aggregate amount of $250,000 (with one wire transfer in the amount of $10,000 going to Greg Anderson to pay off a loan which he
made to the Transferor, and the other wire transfer in the amount of $240,000 going to the Transferor). Alternatively, CMS2 agrees to
make a payment to the Transferor on the closing of the initial round of capital raising, if the raised capital in that round is less than
$2,500,000, but such payments shall in such case be equal to 10 % of the capital raised (and the aggregate amount of such payments shall
be allocated so that Clearfield receives 96% of such aggregate amount and Greg Anderson receives 4% of such aggregate amount), provided
that in such event the Transferor and Greg Anderson shall also be entitled to receive (x) 10% of capital raised from subsequent rounds
of capital raising, and (y) 10% of all future CMS2 gross revenues, but only to the extent that the aggregate amount of all such payments
to the Transferor do not exceed the aggregate sum of $250,000 (with the first $10,000 of such payments going to Greg Anderson to pay off
certain indebtedness owed to him by the Transferor, and then the remaining balance of $240,000 going to the Transferor), provided the
Transferor and CMS agree that before CMS2 shall be obligated to pay any portion of said CMS2 gross revenues to the Transferor, CMS2 must
first pay (x) all of the liabilities (the "**Existing Ceres Liabilities**") which have been previously incurred by the
Transferor, the Company, any member of the Company and/or Ceres with respect to (i) unpaid compensation owed to Charlie Uchill and Greg
Anderson which is owed as of the Closing Start Date, or (ii) costs and expenses relating to the business operations of Ceres and/or the
legal expenses of relating to achieving the Closing Start Date, all of which costs and expenses are listed in Schedule 5.2.(c).(ii).(A)
attached hereto, and provided further, that to the extent that a portion of the Existing Ceres Liabilities shall then remain unpaid, at
a minimum CMS2 will apply 10% of future CMS2 gross revenues to pay-down the Existing Ceres Liabilities in lieu of making applying sums
to the payment owed to the Transferor as contemplated in this clause (A);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) provisions setting out non-binding general parameters which describe in general
terms how the Transferor would be allowed to utilize the technologies which currently exist on the "clone" of the Hyperledger
fabric of the existing Ceres platform for its stablecoin payment business on the Closing Start Date which is to be given to the Transferor
at Closing pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) provisions that following the Closing, to the extent Ceres is paid any fees under
the Ceres Coin Revenue Sharing Agreement dated June 26, 2024 (the "**CC Revenue Sharing Agreement**") between Ceres and
SD technologies, Inc. ()"**Sweed**") , to the extent such fees relate to transactions entered into by customers of Cannabist
Co. which also involve Sweed and which are covered by the CC Revenue Sharing Agreement, then promptly following the receipt of such fees,
Ceres will pay the Transferor 15% of the net fees so received by Ceres from Sweed, but only to the extent such fees relate to consumers
purchasing cannabis, or cannabis-related transactions, at the retail level, where the selling party is Cannabist Co or any other retail
entity or enterprise (i.e. a so-called "**MSO** "), provided any such selling party shall then be on the Company Platform
(as that term is defined in the CC Revenue Sharing Agreement) as of Closing Start Date; provided that it is understood that such net fees
shall be calculated in a manner which is consistent with the fees and applicable expenses reflected on Ceres' audited financial
statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) provisions that the permitted purposes to be included in the perpetual license
to be granted by Ceres to the Transferor will comprise the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. the Transferor will be allowed to exclusively use a clone of the Hyperledger fabric
of the existing Ceres platform (which relates to Ceres' stablecoin payment business in its "As-Is" condition as of the
following Closing Start Date) for the exclusive use by the Transferor to operate (I) the Transferor's RFID supply chain track and
trace business or (II) other businesses of the Transferor which would need to use such version of the Hyperledger fabric platform, but
only to the extent:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. such other business does not compete with Ceres' stablecoin payments business,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. such other business does not directly involve servicing or providing services to
particular professional sports teams, professional sports leagues, stadiums or stadium events (including concerts and/or other types of
shows or performances), or other venues (which offer live, video and other types of projected concerts and/or other types of shows or
performances) and/or any such events or concerts,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. such other business does not involve providing a new, or substantial modification
of any existing, loyalty and/or reward program operated for the benefit of third parties which would also utilize any of the then existing
Ceres platform (or any clone of the Ceres platform covered by the perpetual license), software and/or patents, provided the foregoing
restrictions set out in this clause iii shall not apply to (x) fees collected by the Transferor or any transferee of the Transferor (collectively,
the "**Clearfield Platform Owner**") if it is solely providing RFID supply chain track and trace business services to any
existing third party loyalty and/or reward program, or (y) if the applicable Clearfield Platform Owner is placing advertisements, and/or
creating a digital connection for the Transferor's customers to their loyalty and rewards partners, but it is understood that the
foregoing may not be done in a manner that would adversely impact the ability of CMS2 to collect its fees, if such loyalty and/or reward
programs were utilizing the CMS2 platform to provide stablecoin payments or other payments for customers utilizing such loyalty and/or
reward programs. [Note - For clarity purposes, it is understood that (i) the connection which the Transferor seeks to provide to its customers
in the immediately preceding clause (y) is typically done as a re-direct to the native or mobile application of such customer's loyalty
and rewards providers, where the Transferor is providing such services, (ii) such a solution which the Transferor employs is purpose-built
to leverage their proprietary radio frequency technology, licensed patents, metadata association with radio frequency identities, custom
radio frequency labels, inlays, and RFID reader hardware and software to become "The top of the customer acquisition funnel,"
and (iii) the Transferor's digital solution is an effort to frictionlessly guide customers through the product decision-making process,
with the goal and result being a payment on the CMS2 platform (provided it is understood that the Transferor will not be permitted (when
providing these services) to structure them in a way which would adversely impact the ability of CMS2 to collect its fees, to the extent
such loyalty and/or reward programs shall be utilizing the CMS2 platform to provide stablecoin payments or other payments for customers
utilizing such loyalty and/or reward programs)],

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. such other business (at the time such new business becomes operational) does not
compete with any other business CMS2 is then operating, and provided further that such other Clearfield Platform Owner business is not
(x) then regulated by the Office of the Controller of Currency, Financial Crimes Enforcement Network, SEC, and/or the Commodities and
Future Trading Commission and/or (y) directly governed or regulated by The Securities Act of 1933, The Securities Exchange Act of 1934,
and/or The Investment Company Acts of 1940, but the restrictions in this clause iv) shall not apply if at the time such new business becomes
operational, the Transferor or applicable Clearfield Platform Owner is publicly traded and or regulated by the above-mentioned bodies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v. if in the future (x) the equity interests in the Transferor, or (y) all of the
assets constituting the Transferor's business, should be sold to a third party, then CMS2 in connection with such sale shall permit
the transferee to have the benefit of the Transferor's interests set out in the perpetual license to use the software and related
intellectual property constituting the clone of the Hyperledger fabric of the existing Ceres platform on the Closing Start Date, so long
as such transferee assumes all of the Transferor's obligations set out in such perpetual license, provided however that the perpetual
license will provide that such assignment and assumption will not be permitted if the proposed transferee (or party or entity holding
a significant equity interest in the transferee, or a position as an officer or director of the transferee) either (i) was then a direct
competitor of Ceres or (ii) was a felon or otherwise associated with being involved in criminal activity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vi. For the avoidance of doubt, (i) the licensed clone of the Hyperledger fabric of
the existing Ceres platform which Ceres has given to Transferor by Closing (the "**Licensed Clone**") shall explicitly
exclude any intellectual property which Ceres holds an interest in, but which on the Closing Start Date Ceres does not have a right license
to third parties, even if such intellectual property is a constituent of, or inseparable from, such Hyperledger fabric of the existing
Ceres platform (such excluded intellectual property, collectively, the "**Excluded IP** "), and nothing in the Agreement
shall be construed to grant, transfer, license, convey or otherwise include any rights whatsoever to the Excluded IP or to transfer any
ownership interest in the software constituting, or any other intellectual property relating to, the software or operation of the Ceres
platform (the "**Platform Software Solution**") to the Transferor in the "As-Is" condition which such intellectual
property then exists on the Closing Start Date, (ii) the Transferor shall not be entitled to receive or have access to any (A) future
development versions in source code and other forms, in one or more files, together with any and all future configurations, improvements,
corrections, modifications, updates, enhancements or other changes made by CMS2 and/or its service providers, in each case related to
the Platform Software Solution, or any business which CMS2 shall operate on or after the Closing Start Date, or (B) any future modifications
or additions which shall be made to, or which shall otherwise relate to the Platform Software Solution, the System Documentation (as will
be defined in the perpetual license form attached to the New Side Letter), Trade Secrets (as will be defined in the perpetual license
form attached to the New Side Letter), and Other IP (as will be defined in the perpetual license form attached to the New Side Letter),
in each case that shall be created or modified by CMS2 and/or its employees, officers, directors, representatives and/or service providers
after the Effective Date, to the extent that each relates to the Platform Software Solution or any business which CMS2 operates on or
after the Effective Date by CMS2 and/or its employees, officers, directors, representatives and/or service providers, (iii) none of CMS2
or any of its employees, officers, directors, representatives or service providers shall have any obligation in the future to work with
the Transferor in connection with (A) fixing or helping the Transferor to fix any defect or problem with the operation of the Licensed
Clone or to provide any other servicing, upgrades and/or other support which in any way relates to the Licensed Clone or (B) providing
any other services to the Transferor in connection with the operation of any businesses that it now or in the future directly or indirectly
owns or operates; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;vii. For the avoidance of doubt, (i) the Transferor shall have the right to modify,
update and/or change the Licensed Clone in any way that it sees fit in connection with the operation of any business which is allowed
to use the Licensed Clone pursuant to the New Side Letter and/or the perpetual license, (ii) Ceres shall not be entitled to receive or
have access to any (A) future development versions in source code and other forms relating to the Licensed Clone, which are in one or
more files, or any and all future configurations, improvements, corrections, modifications, updates, enhancements or other changes made
by or on behalf of the Transferor, in each case related to the Licensed Clone or any business which the Transferor shall operate on or
after the Effective Date or any business which Clearfield operates on or after the Effective Date, or (B) future modifications, updates
or additions made by or on behalf of the Transferor to the Licensed Clone, on or after the Effective Date, (iii) none of the Transferor
or any of its employees, officers, directors, representatives or service providers shall have any obligation in the future to work with
CMS2 in connection with (A) fixing or helping CMS2 to fix any defect or problem with the operation of the Platform Software Solution or
(B) providing any other services to CMS2 in connection with the operation of any of the businesses that CMS2 now or in the future directly
or indirectly owns or operates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) provisions that confirm that Ceres will immediately enter into executive employment
contracts with Charles Uchill and Greg Anderson, which shall provide them with an annual salary of $200,000, and will be for an initial
employment term of 2 years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) provisions that after the Effective Date, Ceres is open to enter into other fee
splitting transactions with the Transferor on terms that are mutually satisfactory to both Ceres and the Transferor (it being understood
that to the extent that in the future the Transferor either provides an applicable introduction, or is otherwise materially involved in
helping Ceres enter into binding arrangements which generate net revenues for CMS2, then CMS2 shall enter into a written agreement with
the Transferor which establishes the exact nature of such fee splitting arrangements with respect to any such particular transaction,
but it is understood that the specific terms of such arrangements will be worked out and documented in the future, on a case-by-case basis),
but the Transferor will be entitled to 25% of the net revenues on all future fee splitting arrangements, to the extent that the Transferor
shall have brought to CMS2 and/or Ceres the new business which is the basis for a particular fee future splitting arrangement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Ceres Perpetual License, duly executed by the Transferor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the amended and restated Original Side Letter (the "**Restated Side Letter**"), in form and substance reasonably satisfactory to the Company and the Transferor, duly executed by the Transferor, and it is agreed that the Restated Side Letter shall set out certain rights, commitments and obligations which are intended to survive the Closing, including the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) confirmation that Ceres has prior to the Execution Date issued 66 million Ceres
Tokens to various individuals and entities, which issuance was made in lieu of Ceres issuing such Ceres Tokens to the Company as originally
contemplated in the Original Side Letter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) confirmation that Turtle Shark has been dissolved, but that such dissolution did
not in any way impair or terminate any provisions set forth in the Original Side Letter or otherwise impair or have any negative implications
with regard to the effectiveness and enforceability of the Restated Side Letter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) a revised "Ceres Token Issuance Table," which was originally set out
in Section 5 of the Original Side Letter, which revised table would now be as follows:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Owner** | &nbsp;&nbsp;**% Purchased** | &nbsp;&nbsp;**Resulting Tokens Owned** | &nbsp;&nbsp;**Transaction Cost** |
| &nbsp;&nbsp;The Transferor | &nbsp;&nbsp;16% | &nbsp;&nbsp;48000000 | &nbsp;&nbsp;$159.84 |
| &nbsp;&nbsp;Designees of the Company | &nbsp;&nbsp;32% | &nbsp;&nbsp;96000000 | &nbsp;&nbsp;$319.68 |
| &nbsp;&nbsp;CERES (General Use) | &nbsp;&nbsp;20% | &nbsp;&nbsp;60000000 | &nbsp;&nbsp;$199.80 |
| &nbsp;&nbsp;Jesse Channon | &nbsp;&nbsp;8% | &nbsp;&nbsp;24000000 | &nbsp;&nbsp;$79.92 |
| &nbsp;&nbsp;David Hart | &nbsp;&nbsp;8% | &nbsp;&nbsp;24000000 | &nbsp;&nbsp;$79.92 |
| &nbsp;&nbsp;Nick Vita | &nbsp;&nbsp;8% | &nbsp;&nbsp;24000000 | &nbsp;&nbsp;$79.92 |
| &nbsp;&nbsp;Bryan Olson | &nbsp;&nbsp;8% | &nbsp;&nbsp;24000000 | &nbsp;&nbsp;$79.92 |
| &nbsp;&nbsp;Total | &nbsp;&nbsp;100% | &nbsp;&nbsp;300000000 | &nbsp;&nbsp;$999.00 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) the Transferor shall no longer have any obligations to set up the College Fund
as set out in Section 10 of the Original Side Letter; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) such other terms and provisions as shall be mutually satisfactory to all parties
executing the Restated Side Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) an amendment of the Ceres' Organizational Documents (the "**Ceres Org Doc Amendment**"), duly executed by the Transferor, and it is agreed that the Ceres Org Doc Amendment shall, among other things, acknowledge that the Transferor has sold its equity interest in Ceres to the Company and is no longer a member of the Ceres;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a new Amended and Restated Operating Agreement for Ceres (the "**New Ceres Operating Agreement**") dated as of the Effective Date, which, among other things, reflects that the Company is the sole member of Ceres, and to which is attached an updated version of the Token Rights Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a joint written consent of the required members of the Transferor and manager of the Transferor, duly executed by the Transferor and it is agreed that this written consent, among other things, (x) will certify (A) that attached thereto are true and correct copies of Transferor's Organizational Documents, and any amendments thereto, and the resolutions duly adopted by Transferor's manager and member, authorizing the Transferor's execution, delivery and performance of this Agreement, the Restated Side Letter, the New Side Letter, the Transferor Assignment, the Ceres Perpetual License, the Ceres Org Doc Amendment, the New Ceres Operating Agreement, the Escrow Letter, the Confirmation Letter, the joint written consent contemplated in Section 5.3 (a) (iii) below and the other Transaction Documents to which Transferor is a party and the other ancillary documents to which Transferor is a party, and (B) the names, titles and signatures of all of Transferor's officers who sign documents on behalf of Transferor in connection with this Agreement and the other transactions documents to which Transferor is a party, certifying the authority of such persons to do so, (y) will approve the following documents and the execution of such documents: (A) the Clearfield Transfers, and (B) the Transaction Documents, and (z) will approve all of the releases and the covenants set out in this Agreement, the Restated Side Letter, the New Side Letter, the Transferor Assignment, the Ceres Perpetual License, the Ceres Org Doc Amendment, the New Ceres Operating Agreement, the Escrow Letter, the Confirmation Letter and the other Transaction Documents to which Transferor is a party, and (z) approves the termination of the executive employment contracts which the Transferor entered into with Charles Uchill and Greg Anderson, and which consent is otherwise in form and substance reasonably satisfactory to the Company, the Transferor, and all parties executing such written consent;

viii) the joint written consent specified in Section 5.3 (a) (iii), duly executed by the Transferor

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) a properly completed and executed IRS Form W-9 for the Transferor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) a certificate of good standing for the Transferor issued not earlier than 10 (10) Business Days before the Closing Start Date by the Secretary of State of the State of Delaware;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) a letter (duly executed by the Transferor), and it is agreed that this letter, among other things will confirm that the employment of Charles Uchill and Greg Anderson has terminated with the Transferor, and that Charles Uchill and Greg Anderson no longer hold any positions on the board, or as officers, of the Transferor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) a fully executed Contract Addendum dated December 11, 2024 (said agreement, as amended and modified from time to time, collectively the "**SOW Amendment**") duly executed by Coretelligent LLC ("**Coretelligent**") and Ceres shall be entered into prior to the Closing Start Date, which SOW Amendment, among other things, shall require Coretelligent to gather, organize, package, and setup certain items for the benefit of Truegreen Global ("**TG**"), a wholly-owned division of the Transferor, so that Coretelligent will be able to provide TG with access to a download link relating to such items constituting existing documentation in Coretelligent's possession (the "**Ceres Intellectual Property Documentation**"), and it is understood by the Transferor, the Company and Ceres that such documentation relates to the existing Ceres Coin LLC platform system which operates, or which could be used to operate, the Ceres stablecoin payment business, to the extent such documentation is in its "AS IS" state as of the Effective Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) an escrow letter (said letter, as amended, modified and/or restated, from time to time, collectively the "**Escrow Letter**"), in form and substance reasonably satisfactory to the Transferor and the Company, shall be duly executed by the Transferor and delivered to the Company on or before the Closing Start Date, which Escrow Letter shall provide, among other things, that within 5 (five) Business Days following the Effective Date, (A) Coretelligent shall have completed all of its work as provided for in items #1 and #2 (as set out in the SOW Amendment in the second bullet point within the paragraph in the SOW Amendment under the heading entitled "**Initial Process Scope**"), (B) Coretelligent shall have delivered a written notice (the "**Coretelligent Notice**") to Ceres and the Transferor or TG (in form and substance reasonably satisfactory to each of them and Ceres) which confirms that such work to be formed by Coretelligent, as set out in such items #1 and #2 has been fully completed, and (C) the Transferor shall have delivered to the Company a confirmation letter (the "**Confirmation Letter**"), in form and substance reasonably satisfactory to the Company, which provides that, among other things, all of the foregoing actions and conditions (which pursuant to the terms of the Escrow Letter must be satisfied in order to release the escrowed documents covered by the Escrow Letter from such escrow) shall have been satisfied (it being understood that the delivery of both the Coretelligent Notice and such Confirmation Letter shall then immediately trigger the release and due delivery of all of the documentation then being held in escrow pursuant to the Escrow Letter, at which time the "Closing" will be deemed to have occurred); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) such other documents and instruments, if any, as the Company may reasonably request in order to effectuate the transactions that are the subject of this Agreement in a form and substance as are commercially reasonable shall be duly executed by the Transferor and shall be delivered in escrow pursuant to the Escrow Letter on or before the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. Ceres' Deliveries. On the Closing Start Date, this Agreement shall be duly executed by the Company and the Company and the Transferor shall also complete transactions to occur on the Closing Start Date, as specified in this Article 5, provided it is understood that after the applicable written materials to be placed into escrow pursuant to the Escrow Letter has occurred, the subsequent delivery of such written materials out of escrow, and effectiveness of such written materials, in each case will not occur until Coretelligent shall have performed all of the necessary work and satisfied to applicable conditions in order to release the escrowed written materials from the escrow pursuant to the terms of the Escrow Letter. It is understood that the execution and delivery of the written materials to be delivered pursuant to this Section 5.3 are subject to the satisfaction or waiver of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) By no later than the Closing Start Date, Ceres shall have delivered in escrow the following (each of which shall be in form and substance reasonably satisfactory to the Transferor and the Company), each of which (other than the Escrow Letter) is to be held in escrow pursuant to the Escrow Letter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a perpetual license agreement (the "**Ceres Perpetual License**") duly executed by the Company and Ceres, whereby (x) the Company assigns, transfers, delivers and conveys to the Transferor or its designee the CMS Class B Units, and (y) Ceres grants to Transferor a perpetual license that will allow Clearfield to exclusively use the clone of the Hyperledger fabric of the existing Ceres platform relating to Ceres' stablecoin payment business for the purposes set forth in the New Side Letter, in each case free and clear of all Liens, but subject to the restrictions set forth in the Ceres Perpetual License;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) an assignment of membership interests (the "**Ceres Membership Assignment**") duly executed by the Company and Ceres, whereby the Company assigns, transfers, delivers and conveys to the Transferor or its designee the CMS Class B Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a joint written consent of the Company and Ceres, certain officers and managers of the Company and Ceres, as the case may be, and all of the members of the Company and Ceres, as the case may be, shall be delivered in escrow on the Closing Start Date pursuant to the Escrow Letter, and it is agreed that this written consent, among other things, (x) will certify (A) that attached thereto are true and correct copies of Company's Organizational Documents, Ceres' Organizational Documents and any amendments thereto, and the resolutions duly adopted by Company's board and the requisite members, and adopted by Ceres's board and its member, in each case authorizing the Company's and Ceres' execution, delivery and performance of the Agreement, the Ceres Perpetual License, Ceres Membership Assignment, the Escrow Letter, and/or any other Transaction Documents to which the Company and/or Ceres is a party and the other ancillary documents to which the Company and/or Ceres is a party, (B) Tim Daly, and Angela Weicht have resigned from their positions as board members and/or officers of Ceres, (C) Charles Uchill and Greg Anderson have been duly appointed and/or elected to the board of Ceres, and Greg Anderson has been elected to be President of Ceres and Charles Uchill has been elected to be Chief Operating Officer of Ceres and (D) the names, titles and signatures of all of Ceres' officers who sign documents on behalf of Ceres in connection with this Agreement and the other Transactions Documents to which Ceres is a party, certifying the authority of such persons to do so, (y) will , among other things, approve the following: (i) the Clearfield Transfers, (ii) the Transaction Documents, (iii) the releases and all of the covenants set out in this Agreement, the Restated Side Letter, the New Side Letter, the Transferor Assignment, the Ceres Perpetual License, the Ceres Org Doc Amendment, the New Ceres Operating Agreement, the Escrow Letter, and/or the other Transaction Documents to which Transferor is a party and (iv) the termination of the executive employment contracts which the Transferor entered into with Charles Uchill and Greg Anderson, and which consent is otherwise in form and substance reasonably satisfactory to the Company, the Transferor, and all parties executing such written consent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a certificate of good standing for Ceres issued not earlier than ten (10) Business Days before the Closing Start Date by the Secretary of State of the State of Delaware; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Escrow Letter, in form and substance reasonably satisfactory to the Transferor and the Company, duly executed by Ceres; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) such other documents and instruments, if any, as the Company and the Transferor may reasonably request in order to effectuate the transactions that are the subject of this Agreement in a form and substance as are commercially reasonable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. <u>Company Deliveries</u>. On the Closing Start Date, this Agreement shall be executed by the Company, and the Company and the Transferor shall also complete transactions to occur on the Closing Start Date, as specified in this Article 5, provided it is understood that after the applicable written materials to be placed into escrow pursuant to the Escrow Letter has occurred, the subsequent delivery of such written materials out of escrow, and effectiveness of such written materials, in each case will not be occur until Coretelligent shall have performed all of the necessary work and satisfied to applicable conditions in order to release the escrowed written materials from the escrow pursuant to the terms of the Escrow Letter. It is understood that the obligations of the Transferor and the Company to complete to complete the transactions contemplated in Section 5.2 and/or Section 5.2, as the case may be, are subject to the satisfaction or waiver of the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The representations and warranties made by the Company pursuant to Article III above shall be true and correct in all respects as of the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall have complied with, and performed, in all material respects, all of its agreements and covenants under this Agreement required to be complied with or performed by it at or prior to the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) By no later than the Closing Start Date, the Company shall have delivered the following to be held in escrow pursuant to the Escrow Letter (provided it is understood that the Escrow Letter shall not be deemed to be held in escrow):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Transferor Assignment, duly executed by the Company, whereby, among other things, the Company assigns, transfers, delivers and conveys to the Transferor the CMS Class B Units, free and clear of all Liens;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a joint written consent of the Company and Ceres, as the case may be, shall be delivered in escrow on the Closing Start Date pursuant to the Escrow Letter, and it is agreed that this written consent, among other things, (x) will certify (A) that attached thereto are true and correct copies of Company's Organizational Documents, Ceres' Organizational Documents and any amendments thereto, and the resolutions duly adopted by Company's board and the requisite members, and adopted by Ceres's board and its member, in each case authorizing the Company's and Ceres' execution, delivery and performance of the Agreement, the Ceres Perpetual License, Ceres Membership Assignment, any other Transaction Documents to which the Company and/or Ceres is a party and the other ancillary documents to which the Company and/or Ceres is a party, (B) Tim Daly, and Angela Weicht have resigned from their positions as board members and/or officers of Ceres, (C) Charles Uchill and Greg Anderson have been duly appointed and/or elected to the board of Ceres, and Greg Anderson has been elected to be President of Ceres and Charles Uchill has been elected to be Chief Operating Officer of Ceres and (D) the names, titles and signatures of all of Ceres' officers who sign documents on behalf of Ceres in connection with this Agreement and the other Transactions Documents to which Ceres is a party, certifying the authority of such persons to do so;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Ceres Org Doc Amendment, duly executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the New Side Letter, duly executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Restated Side Letter, duly executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the Escrow Letter, duly executed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Greg Anderson and Charles Uchill shall have executed and delivered a letter, which is in form and substance reasonably satisfactory to the Transferor and the Company, that confirms that these individuals have resigned from their positions as board members and/or officers of the Transferor and as employees of the Transferor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Tim Daly, and Angela Weicht shall have executed and delivered a letter, which is in form and substance reasonably satisfactory to the Transferor and the Company, that confirms that these individuals have resigned from their positions as board members and/or officers of Ceres;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Evidence, reasonably satisfactory to CMS that the following contracts have been terminated: (i) the Letter Agreement dated [2/29/24] between the Transferor and Matthew Morek; and (ii) the Letter Agreement dated [2/29/24] between the Transferor and Elliott Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) such other documents and instruments, if any, as the Company and the Transferor may reasonably request in order to effectuate the transactions that are the subject of this Agreement in a form and substance as are commercially reasonable.

**ARTICLE 6.**

<u>**SURVIVAL AND INDEMNIFICATION**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1. <u>Survival</u>. The representations and warranties of the Company and the Transferor contained in this Agreement shall survive the Closing for a period of 18 months after the Closing; provided that the representations and warranties set forth in Sections 2.1-2.6, 2.8-2.9, 2.12, and 2.18, and Sections 3.1-3.4, and any claims for fraud, willful misconduct, intentional misrepresentation will survive indefinitely. Notwithstanding the foregoing, if an Indemnified Party (defined below) delivers notice of a claim for indemnification under this Agreement to an Indemnifying Party (defined below), on or before the applicable survival date, then the applicable representations, warranties covenants and agreements will survive until the resolution and satisfaction of the matter covered by such claim for indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>Indemnification</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Indemnification by the Transferor*. Subject to the other terms and conditions of this Article VI, the Transferor will indemnify and defend the Company and its Affiliates, and each of the foregoing's respective officers, directors, employees, agents, general or limited partners, managers, management companies, members, direct or indirect equity holders, controlling Persons, representatives or Affiliates, or any heir, executor, administrator, successor or assign of any of the foregoing (collectively, the "**CMS Indemnitees**") against, and will hold each of them harmless from and against, and will pay and reimburse each of them for, any and all losses, Liabilities, damages, claims, awards, judgments, Taxes, settlements, fines, penalties, assessments, costs and expenses (including the reasonable costs of investigation, remediation and professional fees, including those of attorneys, consultants and experts) (collectively, "**Losses**") incurred or sustained by, or imposed upon, the CMS Indemnitees based upon, arising out of, with respect to or by reason of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any inaccuracy in or breach of any of the representations or warranties set forth in Article II, in any Transaction Document or in any certificate or instrument delivered by or on behalf of Ceres and/or the Transferor pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any breach or non-fulfillment of any covenant, agreement or obligation to be performed by the Transferor and/or Ceres pursuant to this Agreement or in any Transaction Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any litigation or proceeding by a third party or Governmental Entity against either the Transferor or Ceres arising from facts or circumstances that were caused by actions or omissions any of the Transferor Releasing Parties, but only to the extent such actions or omissions occurred during the period from January 30, 2024 to the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) *Indemnification by the Company*. Subject to the other terms and conditions of this Article VI, the Company will indemnify and defend the Transferor and its Affiliates and their respective officers and directors or managers (or persons holding comparable positions), employees, consultants, members, controlling Persons, partners, accountants, advisors, legal and other representatives, agents, executors, heirs, successors and permitted assigns (collectively, the "**Transferor's Indemnitees**") against, and will hold each of them harmless from and against, and will pay and reimburse each of them for, any and all Losses, incurred or sustained by, or imposed upon, the Transferor's Indemnitees based upon, arising out of, with respect to or by reason of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any inaccuracy in or breach of any of the representations or warranties of the Company set forth in Article III, in any Transaction Document or in any certificate or instrument delivered by or on behalf of the Company pursuant to this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any breach or non-fulfillment of any covenant, agreement or obligation to be performed by the Company pursuant to this Agreement or in any Transaction Document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any litigation or proceeding by a third party or Governmental Entity against the Transferor arising from facts or circumstances that were caused by actions or omissions any of the Company Releasing Parties, but only to the extent such actions or omissions occurred during the period from January 30, 2024 occurred prior to the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any indemnified party making a claim for indemnification pursuant to Section 6.2 (an "**Indemnified Party**") shall take, and cause its Affiliates to take, commercially reasonable steps to mitigate any Losses upon becoming actually aware of any event or circumstance that gives rise thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3. <u>Indemnification Procedures</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Indemnified Party shall provide prompt written notice to the party providing indemnification (the "**Indemnifying Party**"). Any such notice shall be provided no later than (i) ten (10) days after service of process in the event litigation is commenced against the Indemnified Party by a third party, or (ii) thirty (30) days after the Indemnified Party becomes aware of circumstances, not involving the commencement of litigation by a third party, which may give rise to a claim for indemnification. However, the failure to so notify or any delay in notifying the Indemnifying Party shall not relieve the Indemnifying Party of its obligations hereunder except to the extent that the Indemnifying Party is materially prejudiced by such failure or delay or the amount of damages incurred is greater than would have been the case if the Indemnified Party had provided timely notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Within ten (10) days after receiving notice of a claim for indemnification, the Indemnifying Party by written notice to the Indemnified Party, shall either concede or deny liability for the claim in whole or in part. If the Indemnifying Party concedes liability in whole or in part, the Indemnifying Party shall, within twenty (20) days of such concession, satisfy the claim in accordance with the terms of this Article VI. If the Indemnifying Party denies liability in whole or in part, then the Indemnifying Party shall not be required to pay the claim (except in each case for the amount of any conceded Liability payable as set forth above) until the matter is resolved in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Indemnifying Party shall have the right to assume the defense of any claim or Liability asserted by a third party (a "**Third Party Claim**") by providing the Indemnified Party written notice thereof within ten (10) days after receipt of notice thereof and which states that the Indemnifying Party concedes Liability and will indemnify the Indemnified Party from and against the entirety of any Losses the Indemnified Party may suffer resulting from, arising out of, relating to or in connection with, the Third Party Claim in accordance with the terms of this Agreement. Notwithstanding the foregoing, if there is a reasonable probability that the Third Party Claim may materially and adversely affect the Indemnified Party other than as a result of money damages or other money payments or if the Indemnifying Party fails to elect to defend such Third Party Claim or thereafter fails to diligently pursue the defense or settlement thereof, the Indemnified Party shall (upon further notice to the Indemnifying Party) have the right to undertake the defense, compromise, or settlement of such Third Party Claim at the expense and on behalf of and for the account and at the risk of the Indemnifying Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Indemnified Party or the Indemnifying Party, whichever is not defending such action, shall have the right to participate in such defense and to retain its own counsel at such party's own expense. The Parties agree to cooperate fully as necessary in the defense of Third Party Claims and shall not enter into any settlement, compromise or consent to judgment with respect to a Third Party Claim without the prior written consent of the other Party, which consent shall not be unreasonably withheld, conditioned or delayed. The Indemnifying Party shall not, without the written consent of the Indemnified Party, settle or compromise any Third Party Claim or consent to the entry of any judgment unless such settlement, compromise or consent (i) by its terms obligates the Indemnifying Party to pay the full amount of the Liability in connection with such Third Party Claim, (ii) does not provide for injunctive or other nonmonetary relief affecting the Indemnified Party and (iii) includes as an unconditional term thereof the giving by the claimant to the Indemnified Party of a release from all Liability in respect of such Third Party Claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4. <u>Payments</u>. The Indemnifying Party shall pay any claim for indemnification by wire transfer of immediately available funds to the Indemnified Parties (or such other party designated in writing by the Indemnified Parties) within thirty (30) days of the final resolution of any such claim. In the event that the Transferor is the Indemnifying Party and fails to pay such amount (to the extent such amount is undisputed as between the Indemnifying Party and the Indemnified Party), the Company or Ceres, as the case may be, upon fifteen (15) days written notice to the Transferor, shall have the right, but not the obligation, to offset the amount owed against any and all amounts otherwise distributable to the Transferor by the Company or Ceres.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5. <u>Non-Exclusive Remedy</u>. The indemnification rights of the Parties under this Article VI are independent of, and in addition to, such rights and remedies as the Parties may have at law or in equity or otherwise for any misrepresentation, breach of warranty or failure to fulfill any covenant, agreement or obligation hereunder on the part of any Party hereto, including the right to seek specific performance, rescission or restitution, none of which rights or remedies shall be affected or diminished hereby.

**ARTICLE 7.**

<u>**DEFINITIONS**</u>

The following capitalized terms shall have the meanings set forth below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. "**Act**" means the Delaware Limited Liability Company Act, Del. Code Ann. Tit. 6, § 18¬101 et seq., as amended from time to time as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. ***"*Action*"*** means any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. "**Affiliates**" means, with respect to a Party, any Person that controls, is controlled by, or is under common control with that Party. For purposes of this definition, "control" shall refer to: (a) the possession, directly or indirectly, of the power to direct the management or policies of an entity, whether through the ownership of voting securities, by Contract or otherwise, or (b) the ownership, directly or indirectly, of fifty percent (50%) or more of the voting securities of such entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. "**Agreement**" has the meaning set forth in the first paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. ***"*Business Day*"*** means any day, other than a Saturday, Sunday or a day on which banks located in Wilmington, Delaware shall be authorized or required by applicable Law to close.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6. "**CC Revenue Sharing Agreement**" has the meaning set forth Section 5.2 (c)(ii)(C).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7. "**Ceres**" has the meaning set forth in the preamble.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8. "**Ceres Financial Statements**" has the meaning set forth in Section 2.9(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9. "**Ceres Intellectual Property Documentation**" has the meaning set forth in Section 5.2(c)(xi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10. "**Ceres Interest**" has the meaning set forth in the preamble.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11. "**Ceres Membership Assignment**" has the meaning set forth in Section 5.3 (a) (i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12. "**Ceres's Operating Agreement**" means the Amended and Restated Operating Agreement of Ceres effective as of January 29 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13. "**Ceres Perpetual License**" has the meaning set forth in Section 5.3 (a) (i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14. "**Ceres Org Doc Amendment**" has the meaning set forth in Section 5.2(c)(v).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15. **CG Resignation Document**" has the meaning set forth in Section 5.2(e).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.16. "**Clearfield Platform Owner**" has the meaning set forth in Section 5.2(c)(ii)(D).a.iii.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.17. **"CL Unit and License Transfer**" has the meaning set forth in the preamble of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.18. "**Clearfield Transfers**" has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.19. "**CMS Indemnitees**" has the meaning set forth in Section 6.2 (a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.20. "**Closing**" and "**Closing Start Date**" has the meanings set forth in Section 5.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.21. "**CMS2**" has the meaning set forth in Section 5.2(c)(ii)(A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.22. **CMS Class B Units**" has the meaning set forth in the preamble of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.23. "**Code**" means the United States Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.24. "**Company**" has the meaning set forth in the first paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.25. "**Company Released Parties**" has the meaning set forth in Section 4.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.26. "**Company Releasing Parties**" has the meaning set forth in Section 4.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.27. ***"*Confidential Information*"*** means (i) any non-public information obtained or furnished by the Company or any of its subsidiaries, directors, officers, employees, agents, Affiliates, shareholders or other representatives, including attorneys, accountants, consultants or financial advisors, relating to technical, financial, employee, business (including customer lists, commercial contracts and intellectual property) or other information or data of a non-public nature relating to the Company and/or its Subsidiaries and (ii) any information with respect to this Agreement or any related agreements, documents or instruments, including the terms and substance hereof and thereof or the transactions contemplated hereby and thereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.28. "**Confirmation Letter**" has the meaning set forth in Section 5.2(c)(xiii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.29. "**Contract**" means any contract, lease, commitment, sales order, purchase order, agreement, indenture, mortgage, note, bond, instrument, plan or license or other legally binding arrangements, whether written or oral.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.30. "**Coretelligent**" has the meaning set forth in Section 5.2(c)(xi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.31. "**Coretelligent Notice**" has the meaning set forth in Section 5.2(c)(xiii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.32. ***"*Data Requirements*"*** means any and all (a) Laws on data privacy, data security, breach notification, or Personal Data, including the following Laws and their implementing regulations: (i) state data breach notification Laws; (ii) federal privacy and security Laws and other federal Laws related to data (including the Federal Trade Commission Act, the Federal Trade Commission's Fair Information Principles, the Computer Fraud and Abuse Act, the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003, the Fair Credit Reporting Act, and the Fair Debt Collection Practices Act); (iii) state data privacy Laws (including the California Online Privacy Protection Act, the California Privacy Rights Act, and the Virginia Consumer Data Protection Act); (iv) anti-spam and marketing Laws (including CAN-SPAM act and the Telephone Consumer Protection Act); (v) GDPR; and (vi) ancillary rules, binding guidelines, amendments, or other binding instruments made or issued by a Governmental Entity under any of the foregoing; (b) industry standards (including the Payment Card Industry Data Security Standard), as well as written external or internal privacy or information security policies; and (c) requirements of any Contracts to which the Company or Ceres, as applicable, is bound related to the processing of Personal Data or the security of the Systems or data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.33. "**Effective Date**" has the meaning set forth in the first paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.34. "**Escrow Letter**" has the meaning set forth in Section 5.2(c)(xiii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.35. "**Existing Ceres Liabilities**" has the meaning set forth in Section 5.2 (c) (ii) (A).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.36. "**GAAP**" means United States generally accepted accounting principles in effect on the Closing Start Date, consistently applied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.37. "**Governmental Entity**" means any instrumentality, subdivision, court, administrative agency, commission, official or other federal, state, county, local or other foreign governmental authority, instrumentality, agency or commission, or any quasi-governmental or private body exercising any regulatory, taxing, importing or other governmental or quasi-governmental authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.38. "**Indebtedness**" means (i) any indebtedness for borrowed money, (ii) any indebtedness evidenced by any note, bond, debenture or other debt security, (iii) any indebtedness for the deferred purchase price of property or services with respect to which a Person is liable, contingently or otherwise, as obligor or otherwise (other than accounts payable arising in the ordinary course of business), (iv) any commitment by which a Person assures a creditor against loss (including contingent reimbursement Liability with respect to letters of credit), (v) any indebtedness guaranteed in any manner by a Person (including guarantees in the form of an agreement to repurchase or reimburse), (vi) any Liabilities under leases recorded for accounting purposes by the applicable Person as capitalized leases with respect to which a Person is liable, contingently or otherwise, as obligor, guarantor or otherwise, (vii) any indebtedness secured by a lien on a Person's assets, (viii) any amounts owed to any Person under any noncompetition, severance or similar arrangement, (ix) any change-of-control, sale bonus or similar payment or increased cost that is triggered in whole or in part by the transactions contemplated by this Agreement, (x) any Liability under deferred compensation plans, phantom stock plans, severance or bonus plans, or similar arrangements made payable in whole or in part as a result of the transactions contemplated herein, (xi) any off-balance sheet financing of a Person (but excluding all leases recorded for accounting purposes by the applicable Person as operating leases), and (xii) any accrued and unpaid interest on, and any prepayment premiums, penalties or similar contractual charges in respect of, any of the foregoing obligations computed as though payment is being made in respect thereof on the Closing Start Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.39. "**Indemnified Party**" has the meaning set forth in Section 6.2(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.40. "**Indemnifying Party**" has the meaning set forth in Section 6.3(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.41. "**Intellectual Property Assets**" means all intellectual property and industrial property rights and assets, and all rights, interests and protections that are associated with, similar to, or required for the exercise of, any of the foregoing, however arising, pursuant to the Laws of any jurisdiction throughout the world, whether registered or unregistered, including any and all: (i) trademarks, service marks, trade names, brand names, logos, trade dress, design rights and other similar designations of source, sponsorship, association or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications and renewals for, any of the foregoing; (ii) internet domain names, whether or not trademarks, registered in any top-level domain by any authorized private registrar or Governmental Authority, web addresses, web pages, websites and related content, accounts with Twitter, Facebook and other social media companies and the content found thereon and related thereto, and URLs; (iii) works of authorship, expressions, designs and design registrations, whether or not copyrightable, including copyrights, author, performer, moral and neighboring rights, and all registrations, applications for registration and renewals of such copyrights; (iv) inventions, discoveries, trade secrets, business and technical information and know-how, databases, data collections and other confidential and proprietary information and all rights therein; (v) patents (including all reissues, divisionals, provisionals, continuations and continuations-in-part, re-examinations, renewals, substitutions and extensions thereof), patent applications, and other patent rights and any other Governmental Authority-issued indicia of invention ownership (including inventor's certificates, petty patents and patent utility models); (vi) software and firmware, including data files, source code, object code, application programming interfaces, architecture, files, records, schematics, computerized databases and other related specifications and documentation; (vii) royalties, fees, income, payments and other proceeds now or hereafter due or payable with respect to any and all of the foregoing; and (viii) all rights to any Actions of any nature available to or being pursued by the Company to the extent related to the foregoing, whether accruing before, on or after the date hereof, including all rights to and claims for damages, restitution and injunctive relief for infringement, dilution, misappropriation, violation, misuse, breach or default, with the right but no obligation to sue for such legal and equitable relief, and to collect, or otherwise recover, any such damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.42. "**Laws**" means all statutes, rules, codes, regulations, restrictions, ordinances, orders, decrees, approvals, directives, judgments, injunctions, writs, awards and decrees of, or issued by, any Governmental Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.43. ""**Liabilities**" means any indebtedness, liabilities or payment obligations of any nature whatsoever, whether accrued or unaccrued, absolute or contingent, direct or indirect, asserted or unasserted, fixed or unfixed, known or unknown, choate or inchoate, perfected or unperfected, liquidated or unliquidated, secured or unsecured, or otherwise, and whether due or to become due.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.44. "**License**" means, individually, and "***Licenses***" means, collectively, all notifications, licenses, permits, qualifications, franchises, certificates, approvals, exemptions, classifications, registrations, clearances, consents and other similar documents and authorizations issued by any Governmental Entity, and applications therefor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.45. "**Lien**" means any mortgage, lien, license, pledge, charge, security interest or encumbrance of any kind whatsoever in respect of any asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.46. "**LLC Agreement**" shall mean the Clearfield Communications, LLC Limited Liability Company Operating Agreement dated April 7, 2021, by and between the Transferor and its members, as the same has been amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.47. "**Losses**" has the meaning set forth in Section 6.2(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.48. "**Material Adverse Effect**" means any event, change or effect that is materially adverse to the assets, liabilities, condition (financial or other), business, results of operations or prospects of a Person, other than any event, change or effect relating to or resulting from: (i) conditions or changes in the economic, business, financial or regulatory environment affecting the industries in which the applicable Person operates; (ii) an act of terrorism or an outbreak or escalation of hostilities or war (whether declared or not declared) or any natural disasters or any national or international calamity or crisis affecting the United States, including the COVID-19 pandemic and any similar or other health emergency as declared by a Governmental Entity with applicable jurisdiction; and (iii) any changes in applicable laws; provided, however, that the events described in the foregoing clauses (i), (ii) and (iii) shall be deemed to constitute a Material Adverse Effect to the extent such event, either alone or in combination, has a materially disproportionate impact on the Person relative to similarly situated competitors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.49. ***"*Material Contract*"*** means (i) any Contract or other arrangement to which the Transferor or Ceres, as the case may be, is a party for which breach, nonperformance, cancellation or failure to renew could have a Material Adverse Effect, (ii) all material loan documentation relating to any financing or line of credit which is currently outstanding or in effect as of the Closing Date, (iii) any pending (x) letter of intent, (y) term sheet, or (z) other similar written arrangement relating to the raising of financing, capital or equity for any of the Parties, or the sale of equity interests the sale of any Equity Securities in any of the Parties and (iv) any Contract or other arrangement relating to coins or tokens.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50. "**New Ceres Operating Agreement**" has the meaning set forth in Section 5.2 (c) (vi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.51. "**New Side Letter**" has the meaning set forth in Section 5.2 (c) (ii).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.52. ***"*Order*"*** means any judgment, order, injunction, decree, writ, permit or license of any Governmental Entity or any arbitrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.53. "**Ordinary Course**" means the ordinary course of business, consistent with past practice, of (i) Ceres and its Affiliates, and (i) the Company and its Affiliates, respectively, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.54. "**Organizational Documents*"*** means (a) the articles or certificate of incorporation and the bylaws of a corporation; (b) the partnership agreement and any statement of partnership of a general partnership; (c) the limited partnership agreement and the certificate of limited partnership of a limited partnership; (d) the certificate of formation and operating agreement or limited liability company agreement of a limited liability company; (e) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a Person; and (f) any amendment to any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.55. "**Original Side Letter**" has the meaning set forth in the preamble of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.56. "**Party**" or "**Parties**" has the meaning set forth in the first paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.57. "**Person**" means an individual, a partnership, a limited liability company, a corporation, an association, a joint stock corporation, a trust, a joint venture, an unincorporated organization, or a Governmental Entity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.58. "**Personal Data**" means any information which are related to an identified or identifiable natural person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.59. "**Proceedings**" means, collectively, any suit, action, claim, audit, order, arbitration, mediation, proceeding or investigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.60. "**Privacy Requirements**" means all applicable Laws and internal policies concerning the collection, storage, use, privacy and security of Personal Data and all applicable agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.61. "**Receiving Party**" or "**Receiving Parties**" has the meaning set forth in Section 4.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.62. "**Restated Side Letter**" has the meaning set forth in Section 5.2(c)(iv).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.63. "**SEC**" has the meaning set forth in Section 2.7(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.64. "**Securities Act**" has the meaning set forth in Section 3.1(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.65. "**SOW**" has the meaning set forth in Section 5.2(c)(xi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.66. "**Steady Labs Contrac**t" has the meaning set forth in Section 2.17 (b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.67. ***"*Subsidiary*"*** means, with respect to any Person, (i) any limited liability company more than 50% of whose membership interests of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors or managers of such limited liability company (irrespective of whether or not at the time membership interests of any class or classes of such limited liability company shall have or might have voting power by reason of the happening of any contingency) is owned by such Person directly or indirectly through one or more Subsidiaries of such Person and (ii) any corporation, partnership, association, joint venture or other entity in which such Person directly or indirectly through one or more Subsidiaries of such Person has more than a 50% equity interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.68. "**Sweed**" has the meaning set forth in Section 5.2 (c) (ii) (C).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.69. ***"*Systems*"*** mean, collectively and with respect to any Person, software, computer hardware (whether general or special purpose), telecommunications capabilities and infrastructure (including all voice, data and video networks), websites, mobile applications, platforms and other similar or related items of automated, computerized, or software systems and any other networks, servers or systems and related services that are owned, used or held for use by such Person in the conduct of its business, including all such technology incorporated into or used in connection with the products and services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.70. "**Tax Return**" means, individually, and "**Tax Returns**" means, collectively any report, return, claim for refund, declaration or other information required to be supplied to a Governmental Entity relating to Taxes, including estimated returns, amended returns, information statements and reports of every kind with respect to Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.71. "**Taxes**" means (i) all taxes, assessments, charges, duties, fees, levies and other governmental charges (including interest, penalties or additions associated therewith), including income, franchise, capital stock, real property, personal property, tangible, withholding, employment, payroll, social security, social contribution, unemployment compensation, unclaimed property escheat, disability, transfer, sales, use, excise, license, occupation, registration, stamp, premium, environmental, customs duties, alternative or add-on minimum, estimated, gross receipts, value-added and all other taxes of any kind imposed by any Governmental Entity, whether disputed or not, and any charges, interest or penalties imposed by any Governmental Entity and (ii) including any Liability for amounts described in (i) of any Person imposed by reason of assumption, transferee or successor liability by Contract, pursuant to any Law or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.72. "**TG**" has the meaning set forth in Section 5.2(c)(xi).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.73. "**Third Party Claim**" has the meaning set forth in Section 6.3(c).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.74. ***"*Transaction Documents*"*** has the meaning set forth in Section 2.1*.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.75. "**Transferor**" and has the meaning set forth in the first paragraph of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.76. "**Transferor Assignment**" has the meaning set up in Section 5.3 (a) (i).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.77. "**Transfer Ceres Tokens**" has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.78. "**Transfer Interests**" has the meaning set forth in Section 1.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.79. "**Transferor Indemnitees**" has the meaning set forth in Section 6.2(b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.80. "**Transferor Released Parties**" has the meaning set forth in Section 4.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.81. **Transferor Releasing Parties** has the meaning set forth in Section 4.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.82. "**Turtle Shark**" has the meaning set forth in the preamble of this Agreement.

**<u>ARTICLE 8.</u>**

<u>**MISCELLANEOUS**</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Expenses</u>. The Parties hereto shall pay all of their own expenses relating to the transactions contemplated by this Agreement, including the fees and expenses of their respective counsel and financial advisers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Governing Law</u>. The interpretation and construction of this Agreement, and all matters relating hereto, shall be governed by the Laws of the State of Delaware applicable to agreements executed and to be performed solely within such State.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Forum</u>. Each Party hereby irrevocably agrees and consents to be subject to the exclusive jurisdiction of the United States federal and state courts, in each case located in the State of Delaware in any Action. Each of the Parties hereto irrevocably and unconditionally waives any objection to the laying of venue of any Action arising out of this Agreement or the transactions contemplated hereby in (i) the state courts of the State of Delaware or (ii) if applicable, the United States federal courts located in the State of Delaware, in each case located in the city of Wilmington, Delaware, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such Action brought in any such court has been brought in an inconvenient forum. Each of the Parties hereby agrees that it will not bring or support any action, cause of action, claim, cross-claim or third-party claim of any kind or description, whether in law or in equity, whether in contract or in tort or otherwise, in any way relating to this Agreement or any of the transactions contemplated by this Agreement, in any forum other than the United States federal and state courts, in each case located in the State of Delaware, and that the provisions of Section 8.04 relating to the waiver of jury trial shall apply to any such Action.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4. <u>WAIVER OF JURY TRIAL</u>. EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION AS BETWEEN THE PARTIES DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR DISPUTES RELATING THERETO. Each Party hereto (i) certifies that no representative, agent or attorney of the other Party hereto has represented, expressly or otherwise that such other party would not, in the event of litigation, seek to enforce the foregoing waiver and (ii) acknowledges that such Party and the other Party hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 8.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5. <u>Notices</u>. All notices and other communications hereunder must be in writing and are deemed given or made (a) three (3) business days after being mailed by certified or registered mail, postage prepaid, (b) when transmitted via electronic mail with receipt acknowledged by the recipient (excluding any out-of-office or other auto-respond), (c) when hand delivered, or (d) one (1) business day after being sent by overnight delivery service, to the parties at the following addresses (or at such other address for a Party as shall be specified by like notice):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if to the Company, to:

Ceres Coin, LLC

332 South Michigan Ave

Suite #121-F7

Chicago, Illinois 60604

Attention: Charlie Uchill

Email: charlie@cerescoin.io

And

Charlie Uchill

39w462 Baert Ln

St. Charles, IL 60175

Email: charlie@cerescoin.io

And

Greg Anderson

253 N. Barfield Drive Marco Island, FL 34145Email: greg@cerescoin.io

With a copy to:

Lawrence E. Uchill, Esq.

Uchill Law, PLLC

46 Malia Terrace Chestnut Hill, MA 02467

Email: larry.uchill@uchill-law.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if to the Transferor, to:

Clearfield Communications LLC

dba TrueGreen Global

800 N King Street, Suite 302 #2047

Wilmington, DE 19801Email: tim@truegreenglobal.com

With a copy to:

Stradley Ronon Stevens & Young, LLP

2600 One Commerce Square

Philadelphia, PA 19103

Attention: David H. Joseph

E-mail: djoseph@stradley.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6. <u>Assignment</u>; <u>Parties in Interest</u>. This Agreement may not be transferred, assigned, pledged or hypothecated by any Party hereto without the express written consent of the other Party hereto, other than by operation of law. This Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7. <u>Entire Agreement</u>. This Agreement, including the other documents referred to herein which from a part hereof, contains the entire understanding of the Parties hereto with respect to the subject matter contained herein and therein. This Agreement supersedes all prior agreements and understandings between the Parties with respect to such subject matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8. <u>Further Assurances</u>. Each Party hereto shall do and perform or cause to be done and performed all such further acts and things, and shall execute and deliver all such further agreements, certificates, instruments and documents, as any other Party hereto reasonably may request in order to carry out the provisions of this Agreement and the consummation of the transaction contemplated hereby.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9. <u>Amendments</u>. This Agreement may not be changed, and none of the terms, covenants, representations, warranties and conditions can be waived, except pursuant to an instrument in writing signed by the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10. <u>Severability</u>. If any term, provision, agreement, covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, agreements, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.11. <u>Third Party Beneficiaries</u>. Nothing in this Agreement, expressed or implied, is intended to confer on any Person, other than the parties hereto, their respective successors of the Indemnified Parties, any rights, remedies, obligations or Liabilities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.12. <u>Specific Performance</u>. Notwithstanding anything to the contrary in this Agreement, money damages would not be an adequate remedy at law if a Party hereto fails to perform in any material respect any of its obligations hereunder and accordingly each Party hereto agrees that in addition to any other remedy to which it may be entitled at law or in equity each Party hereto shall be entitled to seek to compel specific performance of the obligations of the other Party hereto, under this Agreement, without the posting of any bond or proof of any actual damages, in accordance with the terms and conditions of this Agreement, and if any Action should be brought in equity to enforce any of the provisions of this Agreement, no Party hereto shall raise the defense that there is an adequate remedy at law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13. <u>Counterparts</u>. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by email or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement and electronic delivery of signatures (including without limitation in PDF format or in DocuSign) shall be deemed to constitute original signatures.

[Signature Pages Follow]

IN WITNESS WHEREOF, the Parties hereto have duly executed this Transfer and Settlement Agreement as of the Closing Start Date.

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| |
|:---|
| **THE COMPANY:** |
| CM SOLUTIONS LLC |

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| | |
|:---|:---|
| By | ![](cuchill_sig.jpg) |

---

Charlie Uchill <br> Authorized Representative

IN WITNESS WHEREOF, the Parties hereto have duly executed this Transfer and Settlement Agreement as of the Closing Start Date.

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| |
|:---|
| **THE TRANSFEROR:** |
| CLEARFIELD COMMUNICATIONS, LLC |

---

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| | |
|:---|:---|
| By | ![](tdaly_sig.jpg) |

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Name: Tim Daly <br> Title: Manager

<u>**Schedule 1.1**</u>

**CERES COIN LLC**

**MEMBER LIST AND UNIT OWNERSHIP**

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| | | |
|:---|:---|:---|
| **Member** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Number of Units** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Percent of Units** |
| &nbsp;&nbsp;CM Solutions LLC | &nbsp;&nbsp;500 | &nbsp;&nbsp;100% |

---

<u>**Schedule 1.2**</u>

**Clearfield Communications, LLC Units Pre-Closing Start Date**

![](ex6dsched1_2.jpg)

**<u>Schedule 2.3 Consents; No Conflicts</u>**

Unanimous Written Consent of Clearfield Communications LLC [Note - the CMS team has not been given a copy of this consent, so the title of this consent will be adjusted in the schedule when we know what the name of this document is and we received a copy of it.]

**<u>Schedule 2.4 Capital Structure</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Restated Side Letter

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Various Purchase Agreements entered into with the various individuals and entities to whom Ceres issued
60 million Tokens prior to the Closing.

**<u>Schedule 2.7 Compliance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. None

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. None

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. None

<u>**Schedule 2.13d Privacy and Security**</u>

Microsoft Outlook One Drive

Google Suite

Azure currently through Coretelligent LLC

**<u>Schedule 2.14a Intellectual Property</u>**

Domain name: cerescoin.io

US Patent: 11,055,677 B2 "Stablecoin as medium of exchange on blockchain-based transaction Network

CERES blockchain Minimum Viable Product built by Chateaux on Hyperledger Fabric blockchain protocol, to the extent the assets comprising such protocol (x) are owned by Ceres and (y) comprise or form a part of the Ceres' Hyperledger Fabric block chain protocol of the platform for Ceres' stable coin payments business

US Patent 18/367,617 – Issued October 24, 2023 - "Stablecoin as a Medium of Exchange on a Blockchain-Based Transaction Network" 2

US Patent 11,797,995 – Issued October 24, 2023 - "Stablecoin as a Medium of Exchange on a Blockchain-Based Transaction Network"

US Patent Application 18/943,183 – Filed November 11, 2024 - "Stablecoin as a Medium of Exchange on a Blockchain-Based Transaction Network"

All software and other intellectual property (which constitute Ceres' Intellectual Property Assets) to the extent that such assets (x) are owned by Ceres and (y) comprise or form a part of the Ceres' Hyperledger Fabric of the platform for Ceres' stable coin payments business

<u>**Schedule 5.2(c)(ii)(A) Existing Ceres Liabilities**</u>

---

| | | | |
|:---|:---|:---|:---|
| **Vendor** | **Invoice#** | **Invoice Date** | **Amount Due** |
| Banner & Witcoff, LTC | 2375392 | 1/31/24 | $2005.00 |
| CrowdCheck Law LLP | 577 | 2/29/24 | $2500.00 |
| Benjamin Koppel &Assoc | 1329 | 3/31/24 | $110.05 |
| Securitize, Inc | LLC-4722 | 4/1/24 | $2500.00 |
| CrowdCheck Law LLP | 618 | 4/30/24 | $125.00 |
| Securitize, Inc | LLC-4789 | 5/1/24 | $2500.00 |
| Eversheds | 1298986 | 5/29/24 | $48535.00 |
| M3Sixty | 1340 | 5/30/24 | $400.00 |
| Banner & Witcoff, LTD | 2388602 | 5/31/24 | $2065.00 |
| Turner, Stone &Co | 30448 | 5/31/24 | $12500.00 |
| Securitize, Inc | LLC-4837 | 6/1/24 | $2500.00 |
| FTI Consulting, Inc | 2024 | 6/21/24 | $35000.00 |
| Benjamin Koppel & Assoc | 1454 | 6/30/24 | $761.01 |
| FTI Consulting, Inc | 100100070586 | 6/30/24 | $10000.00 |
| M3Sixty | 1352 | 7/1/24 | $400.00 |
| Securitize, Inc | LLC-4881 | 7/1/24 | $2500.00 |
| MADBITCo Limited | MOBILE APP 002 | 7/8/24 | $1000.00 |
| FTI Consulting, Inc | 100100073912 | 7/24/24 | $8160.00 |
| David Lumley | TGG 003 | 7/25/24 | $20750.00 |
| Steady Labs LLC |  | 7/25/24 | $20750.00 |
| Securitize, Inc | LLC-4917 | 8/1/24 | $2500.00 |
| M3Sixty | 1364 | 8/7/24 | $400.00 |
| CU Backpay |  |  | $80769.25 |
| GABackpay |  |  | $94615.41 |
| Evershed |  |  | $92577.00 |
| Coretelligent |  |  | $140000.00 |
| Banner Witcoff |  |  | $13267.04 |
| Madbit (Matthew/David) |  |  | $3200.00 |
| Elliot Kember |  |  | $5400.00 |
| **Total** |  |  | $607789.76 |

---