# EDGAR Filing Document

**Accession Number:** 0001474903
**File Stem:** 0001474903-25-000076
**Filing Date:** 2025-6
**Character Count:** 553019
**Document Hash:** 2e7aff11a97ede744ca7935318a81b92
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001474903-25-000076.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001474903-25-000076

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20250620

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250620

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BGSF, INC.
- **CENTRAL INDEX KEY:** 0001474903
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HELP SUPPLY SERVICES [7363]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 260656684
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1228

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36704
- **FILM NUMBER:** 251062692

**BUSINESS ADDRESS:**
- **STREET 1:** 5850 GRANITE PARKWAY
- **STREET 2:** SUITE 730
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 972-692-2400

**MAIL ADDRESS:**
- **STREET 1:** 5850 GRANITE PARKWAY
- **STREET 2:** SUITE 730
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BG Staffing, Inc.
- **DATE OF NAME CHANGE:** 20131030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LTN Staffing, LLC
- **DATE OF NAME CHANGE:** 20091020

?xml version='1.0' encoding='ASCII'? bgsf-20250620

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported):

**June 13, 2025**![bgicon2019a02.jpg](bgsf-20250620_g1.jpg)

**BGSF, INC.**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-36704** | **26-0656684** |
| (State or Other Jurisdiction of<br>Incorporation) | (Commission File Number) | (I.R.S. Employer Identification<br>Number) |

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**5850 Granite Parkway, Suite 730**

**Plano, Texas 75024**

(Address of principal executive offices, including zip code)

**(972) 692-2400**

(Registrant's telephone number, including area code)

**Not applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 ◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 ◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 ◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 ◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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Title of each class Trading Symbol(s) Name of each exchange on which registered <br> <u>Common Stock</u> <u>BGSF</u> <u>NYSE</u>

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| | |
|:---|:---|
| **Item 1.01** | **Entry into a Material Definitive Agreement.** |

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On June 14, 2025, BGSF, Inc., a Delaware corporation (the "<u>Company</u>"), entered into an Equity Purchase Agreement (the "<u>Equity Purchase Agreement</u>") with INSPYR Solutions Intermediate, LLC, a Delaware limited liability company ("<u>Purchaser</u>"), BG Finance and Accounting, Inc., a Delaware corporation and subsidiary of the Company ("<u>BG F&A</u>"), and BGSF Professional, LLC, a Delaware limited liability company and subsidiary of the Company ("<u>BGSF Professional</u>"), pursuant to which, among other things, the Company will (i) transfer, and cause its subsidiaries to transfer, to BGSF Professional certain assets, and cause BGSF Professional to assume, certain liabilities related to the Company's Professional Division, (ii) cause BGSF Professional to sell all of the issued and outstanding equity interests of the foreign subsidiaries of the Company (other than a 1% equity interest of a subsidiary of the Company located in India) to INSPYR Solutions Holdings Corporation, an affiliate of Purchaser, and (iii) sell all of the issued and outstanding equity interests of BG F&A and BGSF Professional to Purchaser, in each case, for $99 million in cash (subject to adjustment with respect to "cash and cash equivalents," "working capital," "indebtedness," "transaction bonus payments," and "transaction expenses" each as defined in the Equity Purchase Agreement) and otherwise upon and subject to the terms and conditions set forth in the Equity Purchase Agreement (the transactions contemplated by the Equity Purchase Agreement, the "<u>Transactions</u>"). An amount equal to $3.5 million, and an amount equal to $1.7 million, will be placed in escrow with respect to a potential post-closing purchase price adjustment and certain potential pre-closing sales, use, and similar taxes, respectively.

The Equity Purchase Agreement provides for representations, warranties, covenants (including, but not limited to, certain interim operating covenants with respect to the Company and its subsidiaries and certain confidentiality, non-disparagement, non-competition, and non-solicitation covenants binding upon the Company and its affiliates), releases, indemnification provisions and closing conditions customary for similar transactions, in each case, as further described in the Equity Purchase Agreement. The Transactions are subject to approval by the Company's stockholders, and the Company will be filing and disseminating to its stockholders a proxy statement and other proxy materials with respect thereto. Moreover, the Company has agreed to certain restrictions relating to, in furtherance of, or in respect of certain "acquisition proposals" (as defined in the Equity Purchase Agreement) with third parties, subject to certain exceptions in respect of "superior proposals" (as defined in the Equity Purchase Agreement) where the Company's Board of Directors has determined in good faith that the failure to take certain actions would be inconsistent with its fiduciary duties pursuant to applicable law.

The Equity Purchase Agreement contains certain termination rights for both parties. Upon termination of the Equity Purchase Agreement under specified circumstances, including the Company terminating the Equity Purchase Agreement to enter into an "alternative acquisition agreement" with respect to a "superior proposal" in accordance with the "fiduciary out" provisions of the Equity Purchase Agreement described in the foregoing paragraph, the Company will be required to pay Purchaser a termination fee of $2,970,000 (the "Company Termination Fee") (which may in certain circumstances be reduced for amounts previously paid by the Company as reimbursement of Purchaser's reasonable and documented third party out-of-pocket transaction expenses). The Company Termination Fee will also be payable by the Company if the Equity Purchase Agreement is terminated under certain circumstances and prior to such termination an "acquisition proposal" is publicly disclosed, and a transaction in respect of an "acquisition proposal" is consummated or the Company enters into a definitive agreement providing for the consummation of any such transaction within one year of the termination. In addition to the foregoing termination rights, and subject to certain limitations, the Company or Purchaser may terminate the Equity Purchase Agreement if the closing is not consummated by November 10, 2025. Additionally, a "purchaser termination fee" equal to $4,950,000 (the "Purchaser Termination Fee") is payable by Purchaser to the Company if the Equity Purchase Agreement is terminated in certain circumstances.

Moreover, Purchaser has conditionally bound, at Purchaser's expense, a buyer-side representation and warranty insurance policy covering, subject to the terms and conditions thereof, certain losses resulting

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from breaches of the Company's representations and warranties made in the Equity Purchase Agreement. In addition, on June 14, 2025, certain funds affiliated with Purchaser provided a Limited Guaranty pursuant to which such funds have guaranteed, as primary obligors, certain of Purchaser's obligations under the Equity Purchase Agreement, including the obligation of Purchaser to pay to the Company "the Purchaser Termination Fee" in certain circumstances. Moreover, on June 14, 2025, certain funds affiliated with Purchaser entered into an Equity Financing Commitment Letter with Purchaser pursuant to which such funds have committed to invest or cause to be invested in the equity capital of Purchaser the amount set forth therein for the purposes of financing the Transactions (the "Commitment"). The Equity Financing Commitment Letter provides that the Company is a third-party beneficiary of, and entitled to enforce, the funding of the Commitment by the Purchaser affiliated funds that are party to the Equity Financing Commitment Letter, subject to the terms and conditions therein. At closing, the Company will also enter into Transition Services Agreement with INSPYR Solutions, LLC, an affiliate of Purchaser, pursuant to which the Company will provide certain specified transition services for the fees specified therein, generally over a 6-month period, with some services extendable for a longer duration.

The description of the Equity Purchase Agreement in this Current Report on Form 8-K is qualified in their entirety by reference to the full text thereof filed with the Securities and Exchange Commission (the "<u>SEC</u>") and incorporated by reference herein.

The representations, warranties, covenants, and agreements contained in the Equity Purchase Agreement were made only for purposes of the Equity Purchase Agreement, as of the specific dates therein, were solely for the benefit of the parties to the Equity Purchase Agreement and the parties expressly identified as third-party beneficiaries thereto, may be subject to limitations agreed upon by the parties thereto, including being qualified by confidential or other disclosures made for the purposes of allocating contractual risk between the parties to the Equity Purchase Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the parties thereto that differ from those applicable to investors. Investors are not third-party beneficiaries under the Equity Purchase Agreement or the other agreements described herein and should not rely on the representations, warranties, covenants, or agreements therein or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the Equity Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.

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| | |
|:---|:---|
| **Item 5.02** | **Departure of Directors or Certain Officers; Election of Directors; Appointment<br>of Certain Officers; Compensatory Arrangements of Certain Officers** |

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On June 13, 2025, as a result of the transaction described above, Beth Garvey, the Company's Chair, President and Chief Executive Officer, resigned from her director and officer positions within the Company and its subsidiaries effective as of July 1, 2025 to pursue other interests. On June 13, 2025, the Company's Board of Directors appointed Kelly Brown, President of the Company's Property Management Division, and Keith Schroeder, the Company's current Chief Financial Officer and Secretary, to each act as interim Co-Chief Executive Officers effective as of July 1, 2025, and their focus will be on growing the Company's Property Management Division and right sizing the Company and its subsidiaries.

In connection with her appointment as interim co-Chief Executive Officer, Ms. Brown will receive a grant of 50,000 restricted shares of the Company's common stock with one-third vesting on each anniversary of the grant date (currently anticipated to be July 1, 2025), and a grant of 25,000 options to purchase the Company's common stock with one-third vesting on each anniversary of the grant date (currently anticipated to be July 1, 2025).

Ms. Brown, 43, has served as the President of the Company's Property Management Division since May 2021. After opening the Company's Nashville office as Director of Sales in 2014, Ms. Brown was promoted to Regional Sales Manager in 2015. With her regional sales experience, and as President of the Company's Property Management Division, Ms. Brown works across all our markets to help maximize the sales performance of the team, as well as to assist in opening new markets and provide strategic

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direction. Ms. Brown began her career in property management in 2003 managing a combination of new lease ups as well as existing communities in St. Louis, Little Rock, Phoenix, and Nashville. Ms. Brown received a Certified Staffing Professional designation from the American Staffing Association. She also has a Certified Apartment Manager certification through the National Apartment Association, and has served on the Greater Nashville Apartment Association Board of Directors, co-chairing multiple committees during her terms of service. Ms. Brown currently holds a seat on the National Apartment Association Apartment Careers Committee. Ms. Brown holds an Executive Masters of International Business from St. Louis University.

Mr. Schroeder, age 69, has served as the Company's Chief Financial Officer and Secretary since March 2025. Mr. Schroeder brings over 40 years of experience in accounting, corporate control and reporting, finance, operations, and as Chief Executive Officer and Chief Financial Officer strategic roles. Before joining the Company, Mr. Schroeder served as President and Chief Executive of Novipax Buyer, LLC in a carve-out transaction from December 2020 through September, 2024. Before this, Mr. Schroeder served as Chief Financial Officer of Novipax LLC from February 2019 to November 2020. Mr. Schroeder was also Chief Financial Officer and promoted to President and Chief Executive Officer of Xcaliber International LTD, LLC from 2016 to 2018. Between 2002 and 2016, Mr. Schroeder served as Chief Financial Officer for Orchids Paper Products. Earlier in his career, he worked in the large accounting and finance organizations for Cummins Engine Company and Atlas Van Lines, Inc. Mr. Schroeder earned his Bachelor of Science in Business Administration in Accounting and is a Certified Public Accountant (inactive).

There are no family relationships between Ms. Brown or Mr. Schroeder and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company, no arrangements or understandings between Ms. Brown or Mr. Schroeder and any other person pursuant to which she or he was appointed as interim Co-Chief Executive Officer, and no transactions between Mr. Schroeder and the Company that would require disclosure under Item 404(a) of Regulation S-K.

In connection with Ms. Garvey's resignation, on June 14, 2025, B G Staff Services, Inc., a subsidiary of the Company, and Ms. Garvey entered into a Separation Agreement providing for, among other things, and subject to the execution and delivery by Ms. Garvey of a mutual release and her compliance with the obligations under the Separation Agreement, salary continuation payments for 12 months, COBRA reimbursement for up to 18 months, full vesting of outstanding options and restricted shares of common stock, vested options to remain exercisable until their expiration, and additional severance of $300,000 aprovided the transactions described under Item 1.01 of this Current Report on Form 8-K are consummated within 12 months of her resignation. The description of the Separation Agreement in this Current Report on Form 8-K is qualified in its entirety by reference to the full text thereof filed with the SEC and incorporated by reference herein.

In addition, on June 13, 2025, Cynthia (Cynt) Marshall resigned as a director effective as of July 1, 2025. Ms. Marshall did not resign because of a disagreement with the Company, known to an executive officer of the Company, on any matter relating to the Company's operations, policies, or practices.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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**(d)Exhibits**

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 2.1\* | <u>[Equity Purchase Agreement, dated as of June 14, 2025, among INSPYR Solutions Intermediate, LLC, BGSF Inc., BG Finance and Accounting, Inc., and BGSF Professional, LLC](ex21equitypurchaseagreement.htm)</u> |
| 10.1 | <u>[Separation Agreement, dated as of June 14, 2025, between B G Staff Services, Inc. and Beth Garvey](ex101separationagreement.htm)</u> |
| 104.0 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
| | | | **BGSF, INC.** |
| Date: | June 20, 2025 | | /s/ Keith Schroeder |
| | | Name:<br>Title: | Keith Schroeder<br>Chief Financial Officer and Secretary<br>(Principal Financial Officer) |

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## Exhibit 2.1

EQUITY PURCHASE AGREEMENT

by and among

INSPYR SOLUTIONS INTERMEDIATE, LLC,

BG FINANCE AND ACCOUNTING, INC.,

BGSF PROFESSIONAL, LLC,

and

BGSF, Inc.

Dated as of June 14, 2025

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| |
|:---|
| **TABLE OF CONTENTS** |
| **Page** |
| **ARTICLE I PRE-CLOSING TRANSACTIONS; SALE AND PURCHASE OF PURCHASED EQUITY.................................................................................................….......................................…....... 2** |
| 1.1 Assignment of Transferred Assets.................................................................................................. 2 |
| 1.2 Excluded Assets............................................................................................................................. 2 |
| 1.3 Assumed Liabilities......................................................................................................................... 2 |
| 1.4 Excluded Liabilities......................................................................................................................... 3 |
| 1.5 Non-Assignable Assets.................................................................................................................. 3 |
| 1.6 Sale and Purchase of Purchased Equity........................................................................................ 4 |
| 1.7 Closing........................................................................................................................................... 4 |
| 1.8 Calculation of Closing Amount....................................................................................................... 4 |
| 1.9 Estimated Closing Statement......................................................................................................... 5 |
| 1.10 Payments....................................................................................................................................... 5 |
| 1.11 Purchase Price Adjustment............................................................................................................ 6 |
| 1.12 Escrow Fund...............................................................................................................................… 8 |
| 1.13 Allocation of Purchase Price........................................................................................................... 8 |
| 1.14 Withholding..................................................................................................................................... 8 |
| **ARTICLE II REPRESENTATIONS AND WARRANTIES.......................................................................... 9** |
| 2.1 Representations and Warranties of Seller...........................................................…....................... 9 |
| 2.2 Representations and Warranties of Purchaser............................................................................. 27 |
| **ARTICLE III COVENANTS...........................................................…........................................................ 30** |
| 3.1 Interim Operations............................................................…........................................................ 30 |
| 3.2 [Reserved]............................................................….................................................................... 34 |
| 3.3 Access and Reports...........................................................…...................................................... 34 |
| 3.4 Publicity...........................................................…......................................................................... 36 |
| 3.5 Expenses...........................................................…....................................................................... 36 |
| 3.6 Employee Matters........................................................................................................................ 37 |
| 3.7 Indemnification; Directors' and Officers' Insurance...................................................................... 39 |
| 3.8 Affiliate Contracts; Intercompany Agreements and Accounts....................................................... 40 |
| 3.9 Resignations................................................................................................................................. 40 |
| 3.10 Tax Matters................................................................................................................................... 40 |
| 3.11 RWI Policy.................................................................................................................................... 43 |
| 3.12 Further Assurances...................................................................................................................... 44 |
| 3.13 No Solicitation.........................................................................................................................….. 44 |
| 3.14 Financing Activities; Financing Cooperation................................................................................ 48 |
| 3.15 Misallocated Assets and Liabilities............................................................................................... 51 |
| i |

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| |
|:---|
| **TABLE OF CONTENTS** |
| (cont'd) |
| **Page** |
| 3.16 Pre-Closing Separation Matters................................................................................................... 52 |
| 3.17 Shared Contracts......................................................................................................................... 52 |
| 3.18 Third Party Consents................................................................................................................... 53 |
| 3.19 Intellectual Property Matters........................................................................................................ 53 |
| 3.20 Insurance..................................................................................................................................... 54 |
| 3.21 Confidentiality............................................................................................................................... 54 |
| 3.22 Restrictive Covenants.................................................................................................................. 56 |
| 3.23 Proxy Statement; Other Required SEC Filings............................................................................ 57 |
| 3.24 Seller Stockholder Meeting.......................................................................................................... 58 |
| **ARTICLE IV CONDITIONS...................................................................................................................... 59** |
| 4.1 Conditions to Each Party's Obligation to Effect the Transactions................................................ 59 |
| 4.2 Conditions to Obligations of Purchaser........................................................................................ 59 |
| 4.3 Conditions to Obligations of Seller............................................................................................... 60 |
| **ARTICLE V TERMINATION.................................................................................................................... 61** |
| 5.1 Termination................................................................................................................................... 61 |
| 5.2 Effect of Termination and Abandonment...................................................................................... 62 |
| 5.3 Seller Payments........................................................................................................................... 63 |
| **ARTICLE VI SURVIVAL; INDEMNIFICATION........................................................................................ 65** |
| 6.1 No Survival; RWI.......................................................................................................................... 65 |
| 6.2 Indemnification............................................................................................................................. 66 |
| 6.3 Defense of Claims........................................................................................................................ 67 |
| 6.4 Characterization of Indemnification Payments............................................................................. 67 |
| 6.5 Exclusive Remedy........................................................................................................................ 68 |
| 6.6 Fraud............................................................................................................................................ 68 |
| **ARTICLE VII MISCELLANEOUS AND GENERAL................................................................................. 68** |
| 7.1 Release........................................................................................................................................ 68 |
| 7.2 Modification or Amendment.......................................................................................................... 69 |
| 7.3 Waiver of Conditions.................................................................................................................... 69 |
| 7.4 Counterparts................................................................................................................................. 69 |
| 7.5 GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE...... 69 |
| ii |

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| |
|:---|
| **TABLE OF CONTENTS** |
| (cont'd) |
| **Page** |
| 7.6 Notices......................................................................................................................................... 70 |
| 7.7 Entire Agreement.......................................................................................................................... 71 |
| 7.8 No Third Party Beneficiaries......................................................................................................... 71 |
| 7.9 Severability....................................................................................................................................72 |
| 7.10 Interpretation; Construction.......................................................................................................... 72 |
| 7.11 Assignment................................................................................................................................... 73 |
| 7.12 Transfer Taxes.............................................................................................................................. 74 |
| 7.13 Disclosure Letter........................................................................................................................... 74 |
| 7.14 Non-Recourse.............................................................................................................................. 74 |
| 7.15 Conflict of Interest Waiver; Attorney–Client Privilege................................................................... 74 |
| 7.16 Debt Financing Sources............................................................................................................... 75 |

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iii

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**ANNEX A - DEFINED TERMS**

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| |
|:---|
| **<u>Exhibits</u>** |
| Exhibit A – Calculation of Working Capital |
| Exhibit B – Escrow Agreement |
| Exhibit C – Binder Agreement and RWI Policy |
| Exhibit D – Transition Services Agreement |
| Exhibit E – Bill of Sale, Assignment and Assumption Agreement |
| Exhibit F – Equity Financing Commitment Letter |
| **<u>Schedules</u>** |
| Schedule 1.1 – Transferred Assets |
| Schedule 1.2 – Excluded Assets |
| Schedule 1.3 – Assumed Liabilities |
| Schedule 1.4 – Excluded Liabilities |

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iv

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**<u>EQUITY PURCHASE AGREEMENT</u>**

This **EQUITY PURCHASE AGREEMENT** (this "<u>Agreement</u>") is made as of the fourteenth (14th) day of June 2025, among INSPYR Solutions Intermediate, LLC, a Delaware limited liability company ("<u>Purchaser</u>"), BG Finance and Accounting, Inc., a Delaware corporation ("<u>BG F&A</u>"), BGSF Professional, LLC, a Delaware limited liability company ("<u>BGSF Professional</u>"), and BGSF, Inc., a Delaware corporation ("<u>Seller</u>"). Each of Purchaser, BG F&A, BGSF Professional, and Seller are referred to as a "<u>Party</u>" and, collectively, the "<u>Parties</u>".

**<u>RECITALS</u>**

**WHEREAS**, Seller owns (i) directly all of the issued and outstanding Equity Interests of each of BG F&A and BGSF Professional, (ii) indirectly through BGSF Professional (x) all of the issued and outstanding Equity Interests of Micro Talent, SAS, a Colombia sociedad por acciones simplificada ("<u>Micro Talent</u>") and (y) 99% of the issued and outstanding Equity Interests of Arroyo IT Solutions PL, an Indian public limited company ("<u>Arroyo</u>", and together with Micro Talent, the "<u>Foreign Acquired Companies</u>" and BG F&A, BGSF Professional, the Foreign Acquired Companies and each of their respective Subsidiaries, the "<u>Acquired Companies</u>") and (iii) directly or indirectly, all of the Transferred Assets;

**WHEREAS**, the Seller desires to, and to cause its Subsidiaries (other than the Acquired Companies) to, transfer the Transferred Assets to BGSF Professional, and BGSF Professional desires to assume from Seller or its Subsidiaries (other than the Acquired Companies) the Assumed Liabilities, in each case as more particularly specified herein (the "<u>Pre-Closing Restructuring</u>");

**WHEREAS**, Seller desires to (i) cause BGSF Professional to sell all of the issued and outstanding Equity Interests of the Foreign Acquired Companies (other than the 1% Equity Interest of Arroyo held by Vijay Kumar) (the "<u>Foreign Purchased Equity</u>") to INSPYR Solutions Holdings Corporation (the "<u>Corporate Purchaser</u>") and Corporate Purchaser desires to purchase the Foreign Purchased Equity from BGSF Professional and (ii) sell all of the issued and outstanding Equity Interests of BG F&A and BGSF Professional (together with the Foreign Purchased Equity, the "<u>Purchased Equity</u>") to Purchaser, and Purchaser desires to purchase the Purchased Equity of BG F&A and BGSF Professional from Seller, in each case, for the consideration and otherwise upon the terms and conditions hereinafter set forth (together with the Pre-Closing Restructuring and the other transactions contemplated hereby, the "<u>Transaction</u>");

**WHEREAS**, the Transaction may be deemed to constitute a sale of all or substantially all of the assets of Seller and, therefore, approval of the Transaction by Seller's stockholders will be sought under Section 271 of the Delaware General Corporation Law (the "<u>DGCL</u>");

**WHEREAS**, the Board of Directors of Seller (the "<u>Seller Board</u>") has unanimously (a) determined that it is expedient and in the best interests of Seller and its stockholders, and declared it advisable, to enter into this Agreement providing for the Transaction upon the terms and subject to the conditions set forth herein; (b) approved and adopted this Agreement and approved the execution and delivery of this Agreement by Seller, the performance by Seller of its covenants and other obligations hereunder, and the consummation of the Transaction upon the terms and subject to the conditions set forth herein; and (c) resolved to recommend that the stockholders of Seller approve the Transaction in accordance with the DGCL;

**WHEREAS**, concurrently with the execution and delivery of this Agreement, and as a material inducement to Seller's willingness to enter into this Agreement, the Purchaser has conditionally bound the RWI Policy (as defined below); and

298078281.4 ------

**WHEREAS**, prior to or concurrently with the execution and delivery of this Agreement and as a condition and inducement to Seller's willingness to enter into this Agreement, the Guarantors have, entered into that certain Limited Guaranty, dated as of the date hereof (the "<u>Guaranty</u>"), pursuant to which the Guarantors have guaranteed, as primary obligors, certain of Purchaser's obligations hereunder.

**NOW**, **THEREFORE**, in consideration of the premises, representations, warranties, covenants, and agreements contained herein, and subject to the conditions set forth herein, the Parties agree as follows:

**ARTICLE I**

**<u>PRE-CLOSING TRANSACTIONS; SALE AND PURCHASE OF PURCHASED EQUITY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignment of Transferred Assets.</u> Upon the terms and subject to the conditions contained herein, at least five (5) Business Days prior to the Closing Date, Seller shall, or shall cause its Subsidiaries (other than the Acquired Companies) to, assign, transfer, convey, and deliver to BGSF Professional, and BGSF Professional shall acquire from Seller or its Subsidiaries (other than the Acquired Companies), all of their respective right, title, and interest in and to the Transferred Assets pursuant to the Bill of Sale, Assignment and Assumption Agreement, in each case, free and clear of all Liens (other than Permitted Liens), and in exchange therefor, BGSF Professional shall assume the Assumed Liabilities. For the purposes of this Agreement, the "Transferred Assets" means the assets, properties, privileges, interests, claims and rights owned, leased, or licensed by Seller or its Subsidiaries (other than the Acquired Companies) (for the avoidance of doubt, wherever situated and of whatever kind and nature, real or personal, tangible or intangible, whether or not reflected in the Books and Records of Seller and its Subsidiaries (other than the Acquired Companies)) set forth on <u>Schedule 1.1</u>. Notwithstanding anything to the contrary in this Agreement, without limiting any other representations, warranties or covenants of Seller in this Agreement or any Transaction Agreement, if any Subsidiaries of Seller other than an Acquired Company has any rights, title or interest to any of the Transferred Assets, then Seller will cause such Subsidiaries to take all such actions required under this Agreement or any Transaction Agreement, including the sale, transfer, conveyance, assignment, and delivery of such rights, title, and interest in such assets to BGSF Professional, as if such Subsidiaries were the "Seller" and a party hereto or thereto (as applicable).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Excluded Assets.</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)&nbsp;&nbsp;&nbsp;&nbsp;For the purposes of this Agreement, "Excluded Assets" means all assets, properties and rights of Seller or its Subsidiaries (other than the Acquired Companies) that are not Transferred Assets, and includes the assets, properties and rights of Seller or its Subsidiaries (other than the Acquired Companies) set forth on <u>Schedule 1.2</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;(b)&nbsp;&nbsp;&nbsp;&nbsp;At least five (5) Business Days prior to the Closing Date, BGSF Professional will assign, transfer and convey all of its right, title and interest in and to the general partnership interest of BG Personnel, LP, held by BGSF Professional, to Seller pursuant to an assignment and assumption agreement in a form reasonably acceptable to Purchaser.

&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)&nbsp;&nbsp;&nbsp;&nbsp;At least five (5) Business Days prior to the Closing Date, BGSF Professional will assign, transfer and convey all of its right, title and interest in and to that certain Austin Lease to Seller pursuant to an assignment and assumption agreement in a form reasonably acceptable to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Assumed Liabilities.</u> Upon the terms and subject to the conditions contained herein, at least five (5) Business Days prior to the Closing Date, Seller shall, or shall cause its Subsidiaries

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(other than the Acquired Companies) to transfer, convey, assign and deliver the Assumed Liabilities to BGSF Professional, and BGSF Professional shall, assume, perform, satisfy, discharge and fulfill when due and, to the extent applicable, comply with on a timely basis, the applicable Assumed Liabilities, pursuant to the Bill of Sale, Assignment and Assumption Agreement. For the purposes of this Agreement, "Assumed Liabilities" means the Liabilities of Seller or its Subsidiaries (other than the Acquired Companies) set forth on <u>Schedule 1.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4&nbsp;&nbsp;&nbsp;&nbsp;<u>Excluded Liabilities.</u> For purposes of this Agreement, "Excluded Liabilities" means any and all Liabilities of Seller or its Subsidiaries (other than the Acquired Companies) that are not Assumed Liabilities set forth on <u>Schedule 1.3</u> and including, without limiting the generality of the foregoing, each of the Liabilities set forth on <u>Schedule 1.4</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.5&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Assignable Assets.</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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this Agreement to the contrary, but without limiting the other covenants, agreements, obligations or rights of any Party hereunder or of any Person under any Transaction Agreement, this Agreement shall not constitute an agreement to contribute, convey, assign, transfer or deliver to, or to have assumed by, any of Purchaser, the Acquired Companies or any of their respective Subsidiaries, any Transferred Assets or Assumed Liabilities, or any claim, right, benefit or obligation arising thereunder or resulting therefrom, if (and solely to the extent) an attempted contribution, conveyance, assignment, transfer, delivery or assumption thereof, as applicable, without obtaining, delivering, receiving or acquiring any notice, authorization, qualification, registration, filing, notification, waiver, order, consent or approval ("Consent"), would constitute a breach or other violation of any underlying Contract thereof or a violation of Law and such Consent shall not have been obtained or such prohibition of applicable Law shall not have been removed prior to the date that is five (5) Business Days prior to the Closing Date (any such Transferred Asset and related claim, right, or benefit are referred to herein as "Non-Assignable Assets," and any such Assumed Liability and related claim or obligation are referred to herein as "Non-Assumable Liabilities"), unless and until such applicable Consents shall have been obtained or such prohibition shall have been removed, as applicable. Seller shall, and shall cause its Subsidiaries to, use their respective commercially reasonable efforts to, as soon as reasonably practicable from and after the date hereof (including after the Closing), obtain, deliver, receive or acquire any Consent necessary and remove any prohibition under applicable Law, for the contribution, conveyance, assignment, transfer, delivery or assumption of any such Transferred Asset or Assumed Liability, or any such claim, right, benefit or obligation to BGSF Professional or, after the Closing, Purchaser or an Affiliate of Purchaser designated by Purchaser, as applicable. In no event shall Seller or any of its Subsidiaries (i) be required to make any payments or provide any other consideration in order to obtain or remove any such prohibition or otherwise secure such Consent (including if any counterparty to a Non-Assignable Asset conditions its grant of a Consent (including by threatening to exercise a "recapture" or other termination right) upon, or otherwise requires in response to a request for Consent regarding any Non-Assignable Asset, the payment of a consent fee, "profit sharing" payment or other consideration (including increased rent payments), or the provision of additional security (including a guaranty)), except for any out-of-pocket costs and expenses of counsel or other advisors of Seller incurred pursuant to this <u>Section 1.5</u> (which shall be borne by Seller) and such amounts which Purchaser has agreed to reimburse Seller or its Subsidiaries for, and (ii) agree to amend, modify or supplement any Contract to which such Consent may relate without the prior written consent of Purchaser (such consent not to be unreasonably withheld, conditioned, or delayed).

&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)&nbsp;&nbsp;&nbsp;&nbsp;If, on the date of the transactions contemplated by <u>Sections 1.1</u> through <u>1.4</u> above take place (i.e., at least five (5) Business Days prior to the Closing Date), an attempted contribution, conveyance, assignment, transfer, delivery or assumption of any such Transferred Asset or Assumed Liability would be ineffective or prohibited by applicable Law or Contract, then, Seller shall, and shall cause its Subsidiaries to use commercially reasonable efforts to provide

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Purchaser (and/or its designated Affiliates as applicable) following the Closing the maximum allowable use of the Non-Assignable Assets permitted under applicable Law and/or the express terms of the applicable Contract by establishing an agency type or similar arrangement reasonably satisfactory to Purchaser (including, if reasonably satisfactory to Purchaser, by means of any subcontracting, sublicensing or subleasing arrangement or by way of amendment or addition of services to the Transition Services Agreement) under which (A) Purchaser, or an Affiliate designated by Purchaser, as applicable, would obtain the claims, rights and benefits (including contractual rights) and assume the corresponding obligations and Liabilities, as applicable, associated with such Non-Assignable Assets (it being understood that to the extent that such claims, rights and benefits are not provided by the Seller and its Subsidiaries, as applicable, the corresponding obligations and any Liabilities related thereto shall not be assumed by Purchaser or its Affiliates), (B) the Non-Assignable Assets will be held by Seller or its applicable Subsidiaries in trust for Purchaser or its applicable Affiliate, (C) the covenants and obligations thereunder would (to the extent possible) be performed by Purchaser or its applicable Affiliate in Seller's (or its Subsidiary's) name and all benefits and obligations existing thereunder would be for Purchaser's or its applicable Affiliate's accounts, (D) exercise, and enforce, only at the direction of Purchaser (and at Purchaser's sole expense) and for the benefit of Purchaser and its Affiliates, any and all of their rights, claims or benefits associated with such Non-Assignable Asset (including against any other Person), and (E) pay to Purchaser, or the applicable Affiliate of Purchaser, when received, all income, proceeds and other monies received by them relating to any such Non-Assignable Asset. If after the Closing Date, a Non-Assignable Asset becomes assignable (either because such Consent is obtained or otherwise), Seller shall reasonably promptly (and in any event, within five (5) Business Days) notify Purchaser in writing after becoming aware of such fact and promptly (and in any event, within five (5) Business Days thereafter) sell, assign, transfer, convey, and deliver such previously Non-Assignable Asset to Purchaser or the applicable designated Affiliate of Purchaser for no additional consideration and in a manner that is in form and substance reasonably acceptable to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6&nbsp;&nbsp;&nbsp;&nbsp;<u>Sale and Purchase of Purchased Equity.</u> Upon the terms and subject to the conditions contained herein, at the Closing, (i) Seller shall cause BGSF Professional to sell, assign, transfer, convey, and deliver to the Corporate Purchaser or one or more of its Affiliates, and the Corporate Purchaser or one or more of its Affiliates shall purchase from BGSF Professional, all of the Foreign Purchased Equity, and (ii) Seller shall sell, assign, transfer, convey, and deliver to the Purchaser or one or more of its Affiliates, and the Purchaser or one or more of its Affiliates shall purchase from Seller, all of Seller's right, title and interest in and to the Purchased Equity (other than the Foreign Purchased Equity), in each case free and clear of all Liens (except for any restriction on transfer generally arising under applicable securities Laws).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7&nbsp;&nbsp;&nbsp;&nbsp;<u>Closing.</u> The closing of the Transaction (the "Closing") shall take place: (a) remotely via the exchange of documents and signatures on the third (3rd) Business Day following the first day on which all of the conditions set forth in <u>Article IV</u> (other than those conditions that by their nature are to be satisfied by deliveries made at the Closing, but subject to the satisfaction or waiver of those conditions at the Closing) have been satisfied or waived in accordance with this Agreement; or (b) at such other time and place as Seller and Purchaser may agree in writing; <u>provided</u> that the Closing shall not occur prior to thirty (30) days following the date of this Agreement without the prior written consent of Purchaser. The date on which the Closing occurs is referred to in this Agreement as the "Closing Date".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.8&nbsp;&nbsp;&nbsp;&nbsp;<u>Calculation of Closing Amount.</u> The <u>"Closing Amount"</u> shall be equal 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;the Base Closing Amount; *plus*

&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)&nbsp;&nbsp;&nbsp;&nbsp;Closing Cash and Cash Equivalents; *plus*

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&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)&nbsp;&nbsp;&nbsp;&nbsp;the amount, if any, by which the Closing Working Capital exceeds the Target Closing Working Capital, or *minus* the amount, if any, by which the Closing Working Capital is less than the Target Closing Working Capital; *minus*

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Closing Indebtedness; *minus*

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Transaction Bonus Payments; *minus*

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Transaction Expenses; *minus*

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Adjustment Escrow Deposit; *minus* 

&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)&nbsp;&nbsp;&nbsp;&nbsp;the VDA Escrow Deposit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.9&nbsp;&nbsp;&nbsp;&nbsp;<u>Estimated Closing Statement.</u> No later than five (5) Business Days prior to the Closing Date, Seller shall deliver to Purchaser a statement (the "Estimated Closing Statement") setting forth Seller's good-faith estimate of (i) Closing Cash and Cash Equivalents, (ii) Closing Working Capital, (iii) Closing Indebtedness, (iv) Transaction Bonus Payments, (v) Transaction Expenses, and (vi) Closing Amount (the "Estimated Closing Amount"), in each case, with reasonable supporting detail as to the calculation of each component thereof and in accordance with the applicable definitions set forth in this Agreement and, to the extent not inconsistent with such definitions, GAAP. From and after delivery of the Estimated Closing Statement until the Closing, Seller shall (and shall cause its Representatives to) reasonably cooperate with Purchaser in connection with Purchaser's review of the Estimated Closing Statement and shall consider any comments reasonably proposed by Purchaser or its Representatives on its behalf in good faith (including by providing Purchaser and its Representatives with reasonable access during normal business hours (without unreasonable interference with Seller's and/or its Subsidiaries' business operations) to the books, records, supporting data and personnel of Seller and its Subsidiaries used, or involved in, as applicable, the preparation of the Estimated Closing Statement); <u>provided</u>, that, Seller will not be required to provide access to any such books, records, supporting data or personnel if such access would reasonably be likely to result in the loss of any attorney-client or other legal privileges or contravene applicable Law (<u>it</u> <u>being</u> <u>understood</u> that Seller shall use commercially reasonable efforts to provide access to such books, records, supporting data or personnel in a manner that would not result in a loss of attorney-client or other legal privileges or contravene applicable Law); <u>provided</u>, <u>further</u>, that, for the avoidance of doubt, (x) no failure by Purchaser to object to, or comment on, any item set forth in the Estimated Closing Statement shall prejudice Purchaser with respect to any post-Closing adjustments pursuant to <u>Section 1.11</u> or the resolution thereof and (y) in no event shall Seller's consideration of Purchaser's or its Representatives' comments delay the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.10&nbsp;&nbsp;&nbsp;&nbsp;<u>Payments.</u> Subject to the terms and conditions set forth in this Agreement, the Parties shall take the following actions at or prior to the Closing:

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall deliver at the Closing, on behalf of Seller and its Subsidiaries, an amount equal to the Indebtedness set forth on <u>Section 1.10</u> of the Disclosure Letter, as set forth in the Payoff Letters, to the Persons and in accordance with the wire transfer instructions set forth in the Payoff Letters;

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall deliver at the Closing, on behalf of Seller and its Subsidiaries, payment to the Acquired Companies or their designee payroll service provider by wire transfer of immediately available funds an amount equal to the aggregate estimated Transaction Bonus Payments plus any other Transaction Expenses owing to current or former employees of the Acquired Companies or that are subject to payroll or withholding obligations (for further distribution to the recipients thereof subject to applicable required Tax withholding);

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&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall deliver at the Closing, on behalf of Seller and its Subsidiaries, an amount equal to the Transaction Expenses (other than those contemplated by <u>Section 1.10(b)</u> above) set forth in the Transaction Invoices to the Persons and in accordance with the wire transfer instructions set forth in the Transaction Invoices;

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall deliver at the Closing, an amount equal to the Adjustment Escrow Deposit *plus* the VDA Escrow Deposit, to the Escrow Agent in accordance with the terms and conditions of the Escrow 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall deliver at the Closing, an amount equal to the Estimated Closing Amount to Seller in accordance with wire instructions provided to Purchaser by Seller in writing at least three (3) Business Days prior to the Closing Date; 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser, Seller and the Acquired Companies shall make such other deliveries and satisfy such conditions as are required by and in accordance with <u>Article IV</u> hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11&nbsp;&nbsp;&nbsp;&nbsp;<u>Purchase Price Adjustment.</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)&nbsp;&nbsp;&nbsp;&nbsp;As promptly as practicable following the Closing Date (but in any event within ninety (90) days thereafter), Purchaser shall prepare, or cause to be prepared, and deliver to Seller a statement (the "Closing Statement") setting forth its calculation of (i) the Closing Cash and Cash Equivalents, (ii) the Closing Working Capital, (iii) the Closing Indebtedness, (iv) the Transaction Bonus Payments, (v) the Transaction Expenses, and (iv) the Closing Amount (such Closing Amount as finally determined in accordance with this <u>Section 1.11</u>, the "Final Closing Amount"), in each case, with reasonable supporting detail as to the calculation of each component thereof and in accordance with the applicable definitions set forth in this Agreement and, to the extent not inconsistent with such definition, GAAP.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The Closing Statement shall become final and binding upon the Parties on the forty-fifth (45th) day following delivery thereof unless, on or prior to such forty-fifth (45th) day, Seller gives written notice of its disagreement with the Closing Statement (a "Notice of Disagreement") to Purchaser on or prior to such date stating that Seller disputes one or more items contained in the Closing Statement (a "Disputed Item") and specifying in reasonable detail each Disputed Item. If Seller delivers a Notice of Disagreement, then Purchaser and Seller shall seek in good faith to resolve the Disputed Items during the 30-day period beginning on the date Purchaser receives the Notice of Disagreement (the "Resolution Period"). If Purchaser and Seller reach agreement in writing with respect to any Disputed Items, Purchaser shall revise the Closing Statement to reflect such agreement, and such revised Closing Statement with respect to such Disputed Items shall be final and binding on the Parties. If Purchaser and Seller are unable to resolve all Disputed Items during the Resolution Period, Purchaser and Seller shall promptly thereafter submit, in the form of a joint written brief, to a nationally recognized independent accounting firm (the "Accounting Firm") for resolution of only such matters that were included by Seller in the Notice of Disagreement and that remain in dispute at such time. The Accounting Firm shall be BDO USA, LLC or, if such firm is unable or unwilling to act, such other nationally recognized independent accounting firm as shall be mutually agreed upon by Seller and Purchaser. If BDO USA, LLC is unable or unwilling to serve in such capacity and Seller and Purchaser are not able to mutually agree upon an alternative accounting firm that is willing and able to serve in such capacity, then Purchaser shall within ten (10) days deliver to Seller a listing of three (3) other accounting firms of nationally recognized standing in the United States and Seller shall, within ten (10) days after receipt of such list, select one of such three (3) accounting firms to act as the Accounting Firm. Notwithstanding anything to the contrary herein, (i) none of the Parties, their Affiliates or any Representatives of the foregoing shall have any *ex parte* communications with the Accounting Firm related to the dispute resolution process contemplated hereby and (ii) any

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discussions by the Parties, any of their Affiliates or any Representatives of any of the foregoing to resolve the Disputed Items or amounts set forth in a Notice of Disagreement (or any disputed items or amounts discussed prior to the delivery of a Dispute Notice) shall be governed by Rule 408 of the Federal Rules of Evidence and any similar and applicable rule. The Accounting Firm shall act as an expert, not as an 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;In resolving matters submitted to it pursuant to <u>Section 1.11(b)</u>, the Accounting Firm shall be instructed to make its final determination on all matters within 30 days of its appointment.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The scope of the disputes to be resolved by the Accounting Firm shall be limited to the Disputed Items that were submitted to the Accounting Firm in accordance with <u>Section 1.11(b)</u>. The Accounting Firm's determinations must be within the range of the amounts asserted by Seller and Purchaser.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The final determination by the Accounting Firm of the matters submitted to it pursuant to <u>Section 1.11(b)</u> shall: (i) be in writing; (ii) include the Accounting Firm's determination of each matter submitted to it pursuant to <u>Section 1.11(b)</u>; and (iii) be conclusive and binding upon Purchaser and Seller for all purposes hereunder in the absence of manifest error or fraud. Purchaser shall revise the Closing Statement to reflect the final determination by the Accounting Firm of the Disputed 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;Judgment may be entered upon the determination of the Accounting Firm in any court selected in accordance with <u>Section 7.5</u>. The fees and expenses of the Accounting Firm pursuant to this <u>Section 1.11</u> shall be borne by Purchaser and Seller in inverse proportion as they may prevail on matters resolved by the Accounting Firm, which proportionate allocations shall also be determined by the Accounting Firm at the time the determination of the Accounting Firm is rendered on the merits of the matters submitted.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Within three (3) Business Days after the determination of the Final Closing 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;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;If the Final Closing Amount (as finally determined in accordance with this <u>Section 1.11</u>) is greater than the Estimated Closing Amount (the amount by which the Final Closing Amount exceeds the Estimated Closing Amount, the "Excess Amount"), then Purchaser shall pay to Seller an amount equal to the lesser of (x) the Excess Amount and (y) $3,500,000 by wire transfer of immediately available funds to an account designated in writing by Seller, and Seller and Purchaser shall instruct the Escrow Agent to pay to Seller the amount of the remaining amounts in the Adjustment Escrow Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;If the Final Closing Amount (as finally determined in accordance with this <u>Section 1.11</u>) is less than the Estimated Closing Amount, then Seller and Purchaser shall instruct the Escrow Agent to pay the amount of the deficit on a dollar-for-dollar basis to Purchaser out of the Adjustment Escrow Fund, and pay to Seller the amount of the remaining amounts in the Adjustment Escrow Fund. If the deficit is greater than the amount of the Adjustment Escrow Fund, then Seller will not have any liability or obligation in respect of such remaining 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;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;In the event that the Final Closing Amount is equal to the Estimated Closing Amount, then Purchaser and Seller shall instruct the Escrow Agent to pay to Seller the amount of the remaining amounts in the Adjustment Escrow Fund.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Any payment under <u>Section 1.11(g)</u> shall be treated as an adjustment to the Closing Amount for all Tax purposes, unless otherwise required by applicable Law.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;In connection with the determination of the Final Closing Amount pursuant to this <u>Section 1.11</u>, following receipt of the Closing Statement, Purchaser shall provide to Seller and its Representatives, until final determination of the Final Closing Amount, as Seller may reasonably request in connection with its review and verification of the Closing Statement, reasonable access during normal business hours (without unreasonable interference with Purchaser's or its Affiliates' business operations) to books, records, accounts supporting data and personnel used, or involved in, as applicable, the preparation of Closing Statement by Purchaser; <u>provided</u>, that Purchaser will not be required to provide access to any such books, records, supporting data and personnel if such access would reasonably be likely to result in the loss of any attorney-client or other legal privilege or contravene any applicable Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12&nbsp;&nbsp;&nbsp;&nbsp;<u>Escrow Fund.</u> At Closing, Purchaser shall deliver the Adjustment Escrow Deposit (together with any interest or other earnings thereon, the "<u>Adjustment Escrow Fund</u>") *plus* the VDA Escrow Deposit (together with any interest or other earnings thereon, the "<u>VDA Escrow Fund</u>" and, together with the Adjustment Escrow Funds, the "Escrow Funds"), to the Escrow Agent, to be held in escrow pursuant to the Escrow Agreement. The Escrow Funds shall be used to fund amounts owed to Purchaser pursuant to <u>Section 1.11</u> or <u>Article VI</u> hereof, as applicable. Subject to the terms of the Escrow Agreement, the Escrow Funds shall be released in accordance with <u>Section 1.11</u> and <u>Section 3.10(n)</u>, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13&nbsp;&nbsp;&nbsp;&nbsp;<u>Allocation of Purchase Price.</u> The Parties agree that (i) the Closing Amount will be allocated among the Purchased Equity of (A) BG F&A, (B) BGSF Professional, (C) Micro Talent and (D) Arroyo, and (ii) the amount allocated to the Purchased Equity of BGSF Professional (and any other amounts treated as consideration for income Tax purposes) will be further allocated among the assets of BGSF Professional in a manner consistent with the methodology set forth on <u>Schedule 1.13</u> (the "<u>Allocation Schedule</u>"). Within sixty (60) days after the determination of the Final Closing Amount pursuant to <u>Section 1.11</u>, Purchaser shall prepare and deliver to Seller a proposed allocation, which shall be prepared in accordance with the Allocation Schedule. Seller shall have thirty (30) days to review and provide comments on the proposed allocation. Purchaser shall consider and negotiate with Seller in good faith to resolve any comments from Seller with respect to the proposed allocation, and any disagreement that remains unresolved thirty (30) days after the Purchaser's receipt of the Seller's comments (or such longer period of time as may be agreed to by the Seller and Purchaser) shall be promptly submitted to Accounting Firm to be determined in accordance with the procedural principles of <u>Section 1.11</u>. Seller and Purchaser shall instruct the Accounting Firm to resolve the disagreement in accordance with the Allocation Schedule. The allocation so agreed (or as resolved by the Accounting Firm) (the "<u>Final Allocation</u>") shall become binding on the Parties, and the Parties shall file all income Tax Returns consistent with the Final Allocation (except as otherwise required by a final determination within the meaning of Section 1313 of the Code or other resolution with a Governmental Entity), provided that nothing herein shall require any Party to litigate any matter related to the Final Allocation or prevent any Party from settling or resolving any challenge by a Governmental Entity related to the Final Allocation. The Parties shall update the Final Allocation, if any, to reflect any further adjustments to the Purchase Price in a manner consistent with the Allocation Schedule.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14&nbsp;&nbsp;&nbsp;&nbsp;<u>Withholding.</u> Each of Purchaser and any agent thereof shall be entitled to deduct and withhold (or cause to be deducted and withheld) from any amount payable to any Person pursuant to this Agreement such Taxes as they are required to deduct and withhold under any applicable Tax Law. If Purchaser (or any of its Affiliates) becomes aware of any obligation of such payor to deduct or withhold Tax with respect to any payment under this Agreement (other than compensatory withholding or withholding arising from a failure by any Person to deliver the document described in <u>Section 3.10(f)</u>), then Purchaser shall give written notice to the payee at least three (3) days prior to making such payment (or, if later, promptly after becoming aware thereof), and the Parties shall use commercially reasonable efforts as requested by a Party to reduce or eliminate the requirement to deduct or withhold Tax with respect to such payment under applicable Law. Any such withheld

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amounts that are properly and timely paid over to the applicable Governmental Entity shall be treated for all purposes of this Agreement as having been paid to the Person in respect of which such deduction and withholding was made.

**ARTICLE II**

**<u>REPRESENTATIONS AND WARRANTIES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Representations and Warranties of Seller.</u> Except as disclosed in the disclosure letter delivered to Purchaser by Seller contemporaneously with the execution of this Agreement (the "Disclosure Letter") and subject to <u>Section 7.13</u>, Seller represents and warrants to Purchaser as of the date hereof and as of the Closing Date (unless such representations are made as of an earlier date, and in such instance as of such date) 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;<u>Organization, Good Standing, and Qualification</u>. Seller and each of the Acquired Companies is a corporation, limited liability company or other legal entity duly organized or formed, as applicable, validly existing and in good standing (to the extent such concept is legally recognized) under the Laws of the jurisdiction of its incorporation or formation. Seller and each of the Acquired Companies have all requisite limited liability company, corporate, or equivalent power and authority, as applicable, to own, lease, license and operate their respective assets (including the Transferred Assets) and properties and to carry on their respective businesses (including the Business) as presently conducted. Seller and each of the Acquired Companies is qualified and licensed to do business in each jurisdiction in which the ownership of the Transferred Assets or the conduct of their respective businesses (including the Business) requires such qualification, except as the failure to be so qualified or licensed would not, individually or in the aggregate, be or would reasonably be expected to be material to the Acquired Companies, taken as a whole, Seller or the Business. Seller has made available to Purchaser true, complete and correct copies of the Organizational Documents of each of the Acquired Companies, including all amendments thereto, and each as so made available is in effect on the date of this Agreement. <u>Section 2.1(a)</u> of the Disclosure Letter sets forth a list of (x) the jurisdiction of formation of each of Seller and each Acquired Company and (y) all states in which the Acquired Companies are qualified to do business and a list of all the officers and directors (or similar functionaries) of the Acquired Companies.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Ownership of Acquired Companies</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)&nbsp;&nbsp;&nbsp;&nbsp;Seller is the record and beneficial owner of the Purchased Equity, free and clear of any and all Liens (except for any restriction on transfer generally arising under applicable securities Laws or as otherwise set forth on <u>Section 2.1(b)(i)</u> of the Disclosure Letter). Seller has all necessary corporate power, right, and authority to sell, transfer, assign, and deliver the Purchased Equity as provided in this Agreement, and such delivery will convey to Purchaser good and marketable title to the Purchased Equity, free and clear of any and all Liens (except for any restriction on transfer generally arising under applicable securities Laws). None of the Purchased Equity was issued in violation of any agreement, arrangement or commitment to which Seller is a party or subject to or in violation of any preemptive or similar rights of any Person. <u>Section 2.1(b)(i)</u> of the Disclosure Letter lists the record and beneficial owner of all issued and outstanding Equity Interests of each of BG F&A and BGSF Professional.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(b)(ii)</u> of the Disclosure Letter lists the record and beneficial owner of all issued and outstanding Equity Interests of each Acquired Company (other than BG F&A and BGSF Professional), all of which are owned by the Persons set forth on <u>Section 2.1(b)(i)</u> of the Disclosure Letter free and clear of all Liens (except for any restriction on transfer generally arising under applicable securities Laws). Except as set forth in <u>Section 2.1(b)(ii)</u> of the Disclosure Letter, no Acquired Company owns, holds or has the right to acquire any stock, partnership interest, joint venture interest or other equity ownership interest in any other Person.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;All of the issued and outstanding Equity Interests of the Acquired Companies have been duly authorized and validly issued and are fully paid and non-assessable and were issued in compliance in all material respects with all applicable state and federal securities Laws. None of the Equity Interests of the Acquired Companies was issued in material violation of any rights, agreements, arrangements or commitments under any provision of applicable Law or any Contract to which Seller or any of the Acquired Company is a party or by which Seller or any of the Acquired Companies is bound. None of the Equity Interests of the Acquired Companies was issued in violation of any rights, agreements, arrangements or commitments under any provision of the Organizational Documents of Seller or the Acquired Companies. Except as set forth on <u>Section 2.1(b)(iii)</u> of the Disclosure Letter, none of the Acquired Companies has any other Equity Interests of another Person or is party to a Contract that would entitle any other Person to acquire any other Equity Interests in the Acquired Companies or otherwise entitle any other Person to share in the equity, profits, earning, losses or gains of the Acquired Companies or the Business (including equity appreciation, phantom equity, profit participation or other similar rights). Except as set forth on <u>Section 2.1(b)(iii)</u> of the Disclosure Letter, there are no outstanding options, warrants, convertible securities, subscription rights, conversion rights, exchange rights, rights of first refusal, preemptive rights, transfer restrictions or other rights or agreements that require Seller or any Acquired Company to issue or sell any shares of capital stock (including the Purchased Equity) or other ownership interests of any Acquired Company (or securities convertible into or exchangeable for shares of capital stock or other ownership interests of any Acquired Company) or that restrict the transfer of the Equity Interests of the Acquired Companies (other than restrictions on transfer generally arising under applicable securities Laws). Except as set forth on <u>Section 2.1(b)(iii)</u> of the Disclosure Letter, there are no agreements between or among the Acquired Companies, Seller or any of the direct or indirect equity holders of Seller with respect to the voting or transfer of any of the Equity Interests of the Acquired Companies. None of the Acquired Companies have any obligation make any loan, capital contribution or purchase or acquire securities in any 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;<u>Authorization; Requisite Stockholder Approval; Seller Board Approval</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)&nbsp;&nbsp;&nbsp;&nbsp;Except for the affirmative vote (in person or by proxy) of the holders of a majority of all of the outstanding shares of Seller Common Stock then outstanding (at a meeting of the stockholders of Seller) in favor of the Transaction (the "R<u>equisite Stockholder Approval</u>"), no vote of the holders of Equity Interests of Seller or any Acquired Company or any of their respective Affiliates is necessary pursuant to applicable Law, their respective Organizational Documents, the applicable rules of any stock exchange, or otherwise to approve this Agreement and the Transaction Agreements to which they are or will be a party and the transactions contemplated hereby and thereby. Seller and each Acquired Company has all requisite limited liability company or corporate power and authority, as applicable, to execute and deliver this Agreement and each Transaction Agreement to which it is or will be party, to perform its obligations hereunder and thereunder, and, subject to receiving the Requisite Stockholder Approval, to consummate the transactions contemplated hereby and thereby. Subject to receiving the Requisite Stockholder Approval, the execution and delivery by Seller and each Acquired Company of, as applicable, this Agreement and each Transaction Agreement to which it is or will be a party, the performance of its obligations hereunder and thereunder, and the consummation by Seller and each Acquired Company of the transactions contemplated hereby and thereby have been duly authorized by all necessary limited liability company or corporate action, as applicable. This Agreement has been, and each Transaction Agreement to which Seller or any Acquired Company is or will be, as applicable, a party is or will be duly executed and delivered by Seller or such Acquired Company and, assuming the due authorization, execution, and delivery by Purchaser or other third party thereto of this Agreement and each Transaction Agreement to which Purchaser or such third party is or will be a party, constitutes (and, in the case of the Transaction Agreements to be entered into after the date hereof, will constitute) the legal, valid, and binding obligation of Seller and each Acquired Company or other third party thereto, enforceable against each in accordance with their respective terms,

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except as limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and similar laws affecting the enforcement of creditors' rights generally or, as to enforceability, by general equitable 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;The Seller Board has unanimously (A) resolved that the entry by Seller into this Agreement and the Transaction Agreements and the consummation of the transactions contemplated hereby and thereby is expedient and in the best interests of Seller and its stockholders, and declared it advisable and in Seller's best interests to enter into this Agreement and the Transaction Agreements to which Seller is a party and perform its obligations hereunder and thereunder, (B) approved the execution and delivery of this Agreement and the Transaction Agreements to which Seller is a party by Seller, the performance by Seller of its covenants and other obligations hereunder and thereunder, and the consummation of the transactions contemplated hereby and thereby upon the terms and conditions set forth herein and therein; and (C) resolved to recommend that the holders of the Seller Common Stock approve the transactions contemplated hereby and by the Transaction Agreements in accordance with the DGCL (collectively, the "<u>Seller Board Recommendation</u>"), which Seller Board Recommendation has not been withdrawn, rescinded or modified in any way as of the date 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;<u>Governmental Filings and Approvals; No Violations; Certain 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;Except for (A) the filings, approvals, and/or notices listed in <u>Section 2.1(d)(i)</u> of the Disclosure Letter and (B) such filings and approvals as may be required by any federal or state securities Laws in connection with obtaining the Requisite Stockholder Approval, no notices, reports, or other filings are required to be made by Seller or any Acquired Company with, nor are any consents, registrations, approvals, Permits, Orders, or authorizations required to be obtained by Seller or any Acquired Company from, any Governmental Entity in connection with the execution, delivery, and performance of this Agreement or the Transaction Agreements by Seller or the Acquired Companies (as applicable) and the consummation by Seller or the Acquired Companies (as applicable) of the transactions contemplated hereby or thereby, except those that would not, individually or in the aggregate, (x) reasonably be likely to be material to the Acquired Companies, taken as a whole, Seller or the Business or (y) prevent or materially delay Seller or the Acquired Companies from consummating the transactions contemplated by this Agreement or the Transaction 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth in Section 2.1(d)(ii) of the Disclosure Letter, the execution, delivery, and performance of this Agreement by each of Seller, BG F&A and BGSF Professional and the execution, delivery, and performance of any Transaction Agreement to which Seller or any Acquired Company is or will be a party does not, and the consummation by Seller and each Acquired Company of the transactions contemplated hereby and thereby will not, constitute or result in: (A) a breach or violation of, or a default under, any Organizational Documents of Seller or the Acquired Companies; (B) assuming compliance with or receipt of (as applicable) the matters referred to in <u>Section 2.1(d)(i)</u>, with or without notice, lapse of time, or both, a breach or violation of, any Law or Permit to which Seller, any Acquired Company or the Business (including any Transferred Asset) is subject; (C) with or without notice, lapse of time, or both, a breach or violation of, a termination, cancellation, or modification (or provide a right of termination, cancellation, or modification) or default under, the acceleration of any rights or obligations under, or require consent, notice, or approval from, the other party thereto, in each case, pursuant to any contract, commitment, understanding, or arrangement binding upon any Acquired Company, Seller or the Business (including any Transferred Assets); or (D) the creation of a Lien on any of the assets of any Acquired Company, Seller or the Business (including any Transferred Asset), except, in the case of clauses (B) and (C) above, for any such breach, violation, termination, cancellation, modification, default, creation, acceleration, consent, notice, or approval that individually or in the aggregate, (x) has not been and is not reasonably likely to be material to the Acquired Companies, taken as a whole, Seller or the Business or (y) would prevent or materially delay Seller or the

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Acquired Companies from consummating the transactions contemplated by this Agreement or the Transaction 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;<u>Financial Statements</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)&nbsp;&nbsp;&nbsp;&nbsp;Attached to <u>Section 2.1(e)</u> of the Disclosure Letter are true, complete and correct copies of (i) the unaudited consolidated balance sheets of the Business as of December 31, 2023 and December 29, 2024, and the related unaudited consolidated statements of operations and comprehensive (loss) income for the fiscal years ended December 31, 2023 and December 29, 2024 (the "Prior Years Financial Statements") and (ii) the unaudited consolidated balance sheet of the Business as of March 30, 2025 (the "Latest Balance Sheet Date"), and the related unaudited consolidated statements of operations for the three (3) month period then ended (the "Latest Financial Statements", together with the Prior Years Financial Statements, the "Financial Statements"). The Financial Statements (A) have been prepared based upon information contained in the Business' Books and Records, (B) have been prepared in accordance with GAAP applied on a consistent basis during the periods involved, and (C) present fairly, in all material respects, the financial position of the Business as at the dates thereof and the results of operations and cash flows of the Business for the periods then ended (except, in each case, as may be noted therein or in the notes thereto, and, in the case of the Latest Financial Statements, subject to normal and recurring year-end audit adjustments and the absence of notes (none of which would be, individually or in the aggregate, material in nature or amount to the Business). Seller and its Subsidiaries (including the Acquired Companies) maintain and comply with a system of accounting controls sufficient to provide reasonable assurances that (i) the Business is operated in accordance with management's general or specific authorization and with applicable Laws, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and (iii) access to properties and assets is permitted, to the extent required, in accordance with management's general or specific authorization.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Absence of Certain Changes</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)&nbsp;&nbsp;&nbsp;&nbsp;Except as required or expressly contemplated by this Agreement or as set forth in <u>Schedule 2.1(f)(i)</u> of the Disclosure Letter, since the Latest Balance Sheet Date, (A) Seller and its Subsidiaries (including the Acquired Companies) has conducted the Business in the ordinary course of business consistent with past practice and each Acquired Company has conducted its business in the ordinary course of business consistent with past practice and (B) neither Seller nor its Subsidiaries (including the Acquired Companies) has taken any action that would be expressly prohibited by <u>Section 3.1(a)</u> if such action was taken after the date hereof and prior to the Closing (without Purchaser's 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Since the Latest Balance Sheet Date, there has not been a Material Adverse Effect.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Litigation and 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;There are no, and in the past three (3) years there have been no, material Proceedings pending or threatened in writing or, to the Knowledge of the Acquired Companies, orally by, against or involving any Acquired Company or the Business and there are no, and in the past three (3) years there have been no, material formal investigations pending or threatened in writing or, to the Knowledge of the Acquired Companies, orally by, against or involving any Acquired Company or the Business, in each case, at law or in equity. No Acquired Company or the Business, nor any of their respective assets (including the Transferred Assets), are, or in the past three (3) years have been, a party to or subject to the provisions of any Order of any Governmental Entity except for those (x) that have not been and are not reasonably likely to be material to the Acquired Companies, taken as a whole, Seller or the Business, or (y) that would not

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prevent or materially delay Seller or the Acquired Companies from consummating the transactions contemplated by this Agreement or the Transaction 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Business nor the Acquired Companies has any Liabilities or obligations (whether accrued, absolute, contingent, unasserted or otherwise) of any nature other than Liabilities (A) specifically disclosed, reflected, accrued, or reserved against in the Financial Statements (including all notes thereto), (B) incurred in the ordinary course of business consistent with past practice since the Latest Balance Sheet Date (none of which is a Liability for a breach of contract or violation of Law or involves a tort, infringement, misappropriation, claim, lawsuit or warranty), (C) arising under or attributable to any Material Contract of any Acquired Company (other than as a result of an express breach thereof by such Acquired Company), (D) incurred in connection with the transactions contemplated by this Agreement or the Transaction Agreements, or (E) that are not and would not have a Material Adverse Effect.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Employee Benefits</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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(h)</u> of the Disclosure Letter sets forth an accurate and complete list of each material Seller Benefit Plan and each Company Benefit Plan. True and complete copies of all Benefit Plans required to be listed on <u>Section 2.1(h)</u> of the Disclosure Letter have been made available to Purchaser. Each Company Benefit Plan is exclusive to the Acquired Companies, and no Company Benefit Plan covers or provides benefits to any individual who is not a Business Employee, Former Business Employee, or a current or former employee or other individual service provider of any Acquired Company (or an eligible dependent of 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Each Company Benefit Plan and, except as would not reasonably be expected to result in any Liability to Purchaser or its Affiliates (including the Acquired Companies following the Closing), each Seller Benefit Plan (other than any multiemployer plan within the meaning of Section 3(37) of ERISA (herein, a "Multiemployer Plan")) has been established, administered, funded and maintained in all material respects in compliance with its terms and all applicable Laws. No Acquired Company has incurred any material Tax or other liability (whether or not assessed) pursuant to Sections 4980B, 4980D, or 4980H of the Code or with respect to the reporting requirements under Sections 6055 and 6056 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;Except as would not, individually or in the aggregate, reasonably be expected to result in any material Liability to Purchaser or its Affiliates (including the Acquired Companies following the Closing), each Benefit Plan that is an "employee pension benefit plan" within the meaning of Section 3(2) of ERISA and intended to be qualified under Section 401(a) of the Code has received a favorable and current determination or opinion letter from the IRS, or with respect to a prototype plan, can rely on an opinion letter from the IRS to the prototype plan sponsor, to the effect that such Benefit Plan is so qualified and that the plan and the trust related thereto are exempt from federal income taxes under Sections 401(a) and 501(a), respectively, of the Code, and, to the Knowledge of the Acquired Companies, nothing has occurred that would reasonably be expected to adversely affect the qualified status of any such Benefit Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;No Benefit Plan is, and has not been for the past three (3) years, and no Acquired Company otherwise has any Liabilities under or with respect to, a plan subject to Title IV of ERISA or subject to the minimum funding standards of Section 412 of the Code or Section 302 of ERISA or a Multiemployer Plan. No Acquired Company has any Liability as a consequence of any at time being treated as a single employer under Section 414 of the Code with any other Person. No Benefit Plan provides to any Business Employee or current or former employee or individual service provider of an Acquired Company, and no Acquired Company has any current or potential obligation to provide to any Person, retiree or post-termination health or welfare benefits, other than as

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required under Section 4980B of the Code or similar state Law for which the recipient pays the full premium cost of coverage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;Excluding all routine claims for benefits under any Benefit Plan, there are no pending or threatened in writing or, to the Knowledge of the Acquired Companies, oral Proceedings or material claims relating to the Company Benefit Plans or, except as would not reasonably be expected to result in any Liabilities to Purchaser or its Affiliates (including the Acquired Companies following the Closing), the Seller Benefit Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth on <u>Section 2.1(h)(vi)</u> of the Disclosure Letter, neither the execution and delivery of this Agreement, nor the consummation of the transactions contemplated hereby would reasonably be expected to, either alone or in combination with another event, (A) entitle any Business Employee or any other current or former employee or other individual service provider of any Acquired Company to any payment of compensation or benefits or any increase in compensation or benefits payable to any Business Employee or any other current or former employee or other individual service provider of any Acquired Company, (B) accelerate the time of payment or vesting or result in any increase in, or funding (through a grantor trust or otherwise) of, compensation or benefits under, or result in any other obligation pursuant to, any of the Benefit Plans or otherwise or (C) result in the payment of any "excess parachute payment" within the meaning of Code Section 280G and the regulations promulgated thereunder (or any corresponding provision of state, local or foreign tax Law) to any Business Employee or any other current or former employee or other individual service provider of any Acquired Company. No Business Employee or any other current or former employee or other individual service provider of any Acquired Company is entitled to any gross-up payment with respect to any Taxes, including those imposed under Code Section 4999 or Code Section 409A, from Seller or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;Each Company Benefit Plan that constitutes in any part a "nonqualified deferred compensation plan" (as defined under Section 409A(d)(1) of the Code) subject to Section 409A of the Code has been operated and administered in all respects in operational compliance with, and is in all respects in documentary compliance with, Section 409A of the Code and all IRS guidance promulgated thereunder, and no amount under any such plan, agreement or arrangement is, has been or would reasonably be expected to be subject to any additional Tax under Section 409A 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;(viii)&nbsp;&nbsp;&nbsp;&nbsp;Without limiting the generality of the foregoing, with respect to each Benefit Plan that is maintained for Business Employees or current or former employees or other service providers of the Acquired Companies who reside or work primarily outside of the United States (a "Non-U.S. Plan"): (i) each Non-U.S. Plan required to be registered has been registered and has been maintained in good standing in all material respects with the applicable Governmental Entity; and (ii) no material unfunded or underfunded Liabilities exist with respect to any Non-U.S. Plan relating to any Acquired 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Compliance with Laws; Licenses</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)&nbsp;&nbsp;&nbsp;&nbsp;Except as set forth on <u>Section 2.1(i)</u> of the Disclosure Letter, each Acquired Company and the Business is, and at all times during the past three (3) years has been, in compliance with and are not in default under or in violation of any applicable Law or Order of any Governmental Entity, except where such non-compliance, default, or violation is not and would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business. No investigation or review by any Governmental Entity with respect to any Acquired Company or the Business is pending or threatened in writing or, to the Knowledge of the Acquired Companies, verbally, except for such investigations or reviews that

298078281.4 ------

would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business. Each Acquired Company and the Business has, and at all times during the prior three (3) years had, obtained and is in material compliance with all Permits necessary to conduct its business, except those the absence of which, or non-compliance with which, is not and would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the 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)&nbsp;&nbsp;&nbsp;&nbsp;None of the Acquired Companies, the Business or any of their officers, directors or employees, nor to the Knowledge of the Acquired Companies, any agent or other third party representative acting on behalf of and at the direction of the Acquired Companies or the Business, (a) are currently, or have since April 24, 2019: (i) a Sanctioned Person; (ii) engaging in any dealings or transactions with or for the benefit of any Sanctioned Person or in any Sanctioned Country; (iii) engaging in any export, reexport, transfer or provision of any goods, software, technology, data or service without, or exceeding the scope of, any required or applicable licenses or authorizations under all applicable Ex-Im Laws; or (iv) otherwise in violation of Sanctions, Ex-Im Laws, or U.S. anti-boycott Laws (collectively, "Trade Controls"); or (b) have at any time (i) made or accepted any unlawful payment or given, received, offered, promised, or authorized or agreed to give or receive, any money, advantage or thing of value to or from any employee or official of any Governmental Entity or any other Person in violation of Anti-Corruption Laws; or (ii) otherwise been in violation of any Anti-Corruption 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;Neither the Business nor the Acquired Companies have received from any Governmental Entity or any Person any written, or to the Knowledge of the Acquired Companies, oral notice, inquiry, or internal or external allegation, made any voluntary or involuntary disclosure to a Governmental Entity; or conducted any internal investigation or audit, which in each case, identified any instances of material non-compliance with Trade Controls or Anti-Corruption 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;(j)&nbsp;&nbsp;&nbsp;&nbsp;<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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(j)</u> of the Disclosure Letter lists all Material Contracts in effect as of the date 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Prior to the date hereof, Purchaser has been provided with true, complete and correct copies of each Material Contract (including each amendment thereto). Each of the Material Contracts is valid and binding on Seller or its Subsidiaries, as applicable, and, to the Knowledge of the Acquired Companies, each other party thereto, and is in full force and effect (except for those Material Contracts which are cancelled, rescinded, or terminated after the date hereof in accordance with their terms or in the ordinary course of business consistent with past practice) in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and similar laws affecting the enforcement of creditors' rights generally or, as to enforceability, by general equity principles). Neither Seller nor its Subsidiaries or, to the Knowledge of the Acquired Companies, any other party thereto is in breach of or default under any Material Contract and there does not exist thereunder any breach or default on the part of the Seller or its Subsidiaries or, to the Knowledge of the Acquired Companies, any other party thereto or, any event, occurrence or condition, which (after notice, passage of time or both) would constitute or give rise to any such breach or default thereunder, except for such breaches or defaults that would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business. Seller and its Subsidiaries and, to the Knowledge of the Acquired Companies, any other party thereto have performed their respective obligations under each of the Material Contracts, except for such failures to perform that would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business. Neither Seller nor any of its Subsidiaries has received any

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written or, to the Knowledge of the Acquired Companies, oral claim or notice of any other party's intention to terminate or modify any Material 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(j)(iii)(A)</u> of the Disclosure Letter lists any Shared Contracts, and <u>Section 2.1(j)(iii)(B)</u> of the Disclosure Letter identifies a true and complete list of all intercompany agreements, Contracts and accounts between Seller or any of its Subsidiaries (other than the Acquired Companies) on the one hand, and any Acquired Company, on the other hand (collectively, the "Intercompany Agreements and 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;(k)&nbsp;&nbsp;&nbsp;&nbsp;<u>Real 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(k)(i)</u> of the Disclosure Letter sets forth a true and complete list of all parcels of real property owned by the Business or the Acquired Companies (each, an "Owned Real Property", and together the "Owned Real Properties"). Except as would not reasonably be likely to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business, (A) the Acquired Companies have, and the Business has (as applicable) good and marketable indefeasible fee simple title to each of the Owned Real Properties, free and clear of all Liens, other than Permitted Liens, and (B) the Acquired Companies have not, and the Business has not (as applicable) granted any assignment, lease, license, easement, concession, or other agreement (written or oral) granting to any Person the right to possess, use, or occupy the Owned Real Property or any portion thereof. There are no outstanding options, rights of first offer or rights of first refusal to purchase such Owned Real Property or any portion thereof or interest therein. None of Seller or its Subsidiaries (including the Acquired Companies), to the extent Primarily Related to the Business, is a party to any agreement or option to purchase any real property or interest 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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(k)(ii)</u> of the Disclosure Letter sets forth a true and complete list of all real property leased by the Business or the Acquired Companies (each, a "Leased Real Property", and collectively, the "Leased Real Properties"). Purchaser has been provided with true, complete and correct copies of the leases (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto) for each of the Leased Real Properties (each, a "Lease"). Except as would not reasonably be likely to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business with respect to each of the Leases: (A) such Lease is valid, binding, enforceable and in full force and effect, (B) the Business' or the Acquired Companies' (as applicable) possession and quiet enjoyment of the Leased Real Property under such Lease has not been disturbed, and to the Knowledge of the Acquired Companies, there are no disputes with respect to such Lease, (C) the Business is not, or the Acquired Companies are not (as applicable) in breach or default under such Lease, and, to the Knowledge of the Acquired Companies, no event has occurred or circumstance exists which, with the delivery of notice, the passage of time or both, would reasonably be expected to constitute such a breach or default, or permit the termination, modification or acceleration of rent under the express terms of such Lease, (D) the Business has not, or the Acquired Companies have not (as applicable) granted any assignment, sublease, license, easement, concession, or other agreement (written or oral) granting to any Person (other than an Acquired Company or its Subsidiaries) the right to possess, use, or occupy the Leased Real Property or any portion thereof, and (E) the Business has not, or the Acquired Companies have not, collaterally assigned or granted any other security interest in such Lease or any interest 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;There is no (A) pending or threatened in writing or, to the Knowledge of the Acquired Companies, oral appropriation, condemnation, or similar Proceeding, or (B) violation of any applicable zoning or similar Law or Order, in each case, with respect to the Real Property, except for such violations, or appropriations, condemnations, or similar Proceedings as would not reasonably be likely, individually or in the aggregate, to be material to the Acquired Companies,

298078281.4 ------

taken as a whole, or the Business. The Real Property identified in <u>Section 2.1(k)(i)</u> and <u>Section 2.1(k)(ii)</u> comprises all of the real property used in the 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;(l)&nbsp;&nbsp;&nbsp;&nbsp;<u>Environmental Matters</u>. Except for such matters that, individually or in the aggregate, have not been and are not material to the Acquired Companies, taken as a whole or the Business: (A) Seller and its Subsidiaries with respect to the Business and each Acquired Company is, and at all times during the past three (3) years have been, in compliance with Environmental Laws; (B) Seller with respect to the Business and each Acquired Company possesses all Permits required under Environmental Law for the operation of its business and occupancy of its facilities and properties and is, and at all times during the past three (3) years have been, in compliance with such Permits; (C) none of Seller with respect to the Business or any Acquired Company has in the past three (3) years received any written or threatened in writing or, to the Knowledge of the Acquired Companies, oral claim, notice, report or citation concerning any violation or alleged violation of, or actual or alleged liability arising under, any Environmental Law; (D) there are no Orders of any Governmental Entity outstanding, or any judicial actions, suits, or Proceedings pending or threatened in writing or, to the Knowledge of the Acquired Companies, orally by any Person, in each case concerning non-compliance by Seller with respect to the Business or any Acquired Company with, or liability arising under, any Environmental Law; (E) none of Seller with respect to the Business or any Acquired Company has handled, disposed of, arranged for the disposal of, released, exposed any Person to, or owned or operated any property or facility contaminated by, any Hazardous Substances, in each case as would give rise to liability pursuant to any Environmental Law, and (F) none of Seller with respect to the Business nor any Acquired Company has assumed, undertaken, or provided an indemnity with respect to any liability of another Person arising under Environmental Laws or relating to Hazardous Substances.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Taxes</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)&nbsp;&nbsp;&nbsp;&nbsp;each Income Tax Return and other material Tax Return required to have been filed by each Acquired Company or with respect to the Transferred Assets has been timely filed and all such Tax Returns are true, correct, and complete in all material respects;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;all Taxes due and payable by the Acquired Companies or with respect to the Transferred Assets (whether or not shown on any Tax Return) have been paid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;all material Taxes required to be withheld by each Acquired Company have been withheld and paid to the applicable Governmental Entity or properly set aside in accounts for such purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;the unpaid Taxes of the Acquired Companies did not, as of the Latest Balance Sheet Date, exceed the reserve for Taxes (rather than any reserve for deferred Taxes established to reflect timing differences between book and Tax income) accrued on the face of the Latest Financial Statements (rather than in any notes thereto), and there will be no increase in unpaid Taxes or in such reserve for Taxes from the Latest Balance Sheet Date through the Closing Date other than Taxes arising in the ordinary course of business consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;no written agreement waiving or consenting to extend the period of time for the assessment or collection of any material amount of Taxes payable by any Acquired Company or with respect to the Transferred Assets is currently in effect;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;there are no pending, claimed, raised, or ongoing Proceedings in respect of a material amount of Taxes payable by any Acquired Company or with respect to the Transferred Assets;

298078281.4 ------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&nbsp;&nbsp;&nbsp;no written claim has ever been received from a Governmental Entity in a jurisdiction where Seller (with respect to any Acquired Company or the Transferred Assets) or the Acquired Companies do not file Tax Returns claiming that any Acquired Company (or any Affiliate thereof with respect to any Acquired Company) is or may be subject to Taxes assessed by, or required to file any Tax Return in, such jurisdiction, which claim has not been resolved;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;there are no Liens for Taxes (other than Liens for Taxes not yet delinquent) upon any assets of the Acquired Companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;The Acquired Companies will not be required to include any material item of income in, or exclude any material item of deduction from, taxable income for any taxable period beginning after (or the portion of any Straddle Period beginning after) the Closing Date as a result of any: (i) change in, or use of an improper, method of accounting for a taxable period ending on or prior to the Closing Date; (ii) installment sale or open transaction disposition made prior to the Closing; (iii) "closing agreement" as described in Section 7121 of the Code (or any analogous provision of any other Tax Law) executed prior to the Closing; (iv) intercompany transactions entered into prior to the Closing or any excess loss account as of the Closing Date, each as described in Treasury Regulations under Section 1502 of the Code (or any analogous provision of any other Tax Law); or (v) prepaid amount received prior to the Closing or deferred revenue accrued prior to the Closing. No Acquired Company has made any election under Section 965(h) 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;(x)&nbsp;&nbsp;&nbsp;&nbsp;no Acquired Company has participated in any "listed transaction," as defined in Section 6707A(c)(2) of the Code and Treasury Regulation Section 1.6011 4(b) (or any analogous provision of any other Tax 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;(xi)&nbsp;&nbsp;&nbsp;&nbsp;none of the Transferred Assets is "tax-exempt use property" (within the meaning of Section 168(h) of the Code) or "tax-exempt bond-financed property" (within the meaning of Section 168(g)(5) 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;(xii)&nbsp;&nbsp;&nbsp;&nbsp;no Acquired Company has distributed stock of another Person, or had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Section 355 or Section 361 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;(xiii)&nbsp;&nbsp;&nbsp;&nbsp;since the Latest Balance Sheet Date, no Acquired Company has changed or revoked any material Tax election, settled any Tax Proceeding or assessment, filed any amended Tax Return, changed any Tax accounting method or period, or affirmatively surrendered any right to claim a refund of Taxes, if such action would have the effect of materially increasing the Tax liability of any Acquired Company for any period ending after the Closing Date or materially decreasing any Tax attribute of any Acquired 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;(xiv)&nbsp;&nbsp;&nbsp;&nbsp;for U.S. income tax purpose, each Acquired Company has been classified as the type of entity (corporation, partnership or disregarded entity) shown on <u>Section 2.1(m)(xiv)</u> of the Disclosure Letter at all times since the later of its formation or acquisition (directly or indirectly) by the Seller;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;&nbsp;&nbsp;&nbsp;no Acquired Company (A) is a party to any Tax allocation or sharing agreement (excluding contracts entered into in the ordinary course of business the primary subject matter of which is not Taxes) (a "Tax Sharing Agreement"), (B) is (and no Acquired Company has been) a member of an Affiliated Group filing consolidated or Combined Tax Returns (other than as a member of a group the common parent of which is Seller) or (C) has any Liability for the Taxes of any Person (other than Seller and its Subsidiaries) under Treasury Regulation Section 1.1502-6 (or any analogous provision of any other Tax Law), as

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a transferee or successor, by contract (other than pursuant to Tax Sharing Agreement) or otherwise pursuant to operation of Law; 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;(xvi)&nbsp;&nbsp;&nbsp;&nbsp;each Acquired Company has complied in all material respects with all applicable Law regarding escheatment or abandoned or unclaimed 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;(n)&nbsp;&nbsp;&nbsp;&nbsp;<u>Labor 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(n)(i)</u> of the Disclosure Letter sets forth a true and correct list of each Business Employee, indicating the following information for each individual: (1) name or employee ID; (2) job title; (3) primary work location by state; (4) hourly wage or base salary (as applicable); (5) whether exempt or non-exempt from the overtime pay requirements of the Fair Labor Standards Act and analogous state wage and hour Laws; and (6) employing entity (such listing, the "<u>Business Employee Census</u>"). Each Business Employee is primarily dedicated to the Business. Section 2.1(n)(ii) of the Disclosure Letter sets forth a true and complete list of the name or employee ID, job title, and work location of each Excluded Employee (the "<u>Excluded Employee Census</u>"). Each Business Employee is primarily dedicated to the Business. Except for the Excluded Employees and the services contemplated under the Transition Services Agreement, (1) the Business Employees are sufficient in number and skill to operate the Business on a stand-alone basis, in the same manner as it was conducted by Seller and its Affiliates immediately prior to the Closing, and (2) neither Seller nor any of its Affiliates employ any individuals who are primarily dedicated, or otherwise necessary, to the Business and who are not Business Employees.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The Business Employee Census (as disclosed in <u>Section 2.1(n)(i)</u> of the Disclosure Letter) also sets forth a true, complete and correct list of each individual independent contractor (whether natural person or single individual entity) of Seller or any of its Subsidiaries, as of the most recent practicable date, whose engagement is dedicated to the Business, which is materially representative of the Business as of the date 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;None of the Acquired Companies nor Seller or any of its Subsidiaries (with respect to the Business Employees, Former Business Employees or the Business), are party to, or bound by, any collective bargaining agreement or other Contract with a union, works council, labor organization, or other employee representative (each, a "Labor Agreement"); and no Business Employees are represented by any labor union, labor organization, works council, employee representative or group of employees with respect to their employment with the Acquired Companies, Seller or any of its Subsidiaries. In the past three years, no Acquired Company nor any of Seller or any of its Subsidiaries (with respect to the Business Employees, Former Business Employees or the Business) has been the subject of any Proceeding asserting that it has committed an unfair labor practice or seeking to compel it to bargain with any labor union or labor organization. To the Knowledge of the Acquired Companies, since December 31, 2021, there have been no labor organizing activities with respect to any Business Employees or Former Business Employees.

&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)&nbsp;&nbsp;&nbsp;&nbsp;No unfair labor practice charge, material labor grievance, material labor arbitration, labor strike, dispute, walk-out, collective work stoppage, slow-down, picketing, hand billing, lockout or other material labor dispute involving any Acquired Company, any Business Employees, any Former Business Employees, or Seller or any of its Subsidiaries (with respect to the Business), is pending or, to the Knowledge of the Acquired Companies, threatened, nor has there been any such activity pending or threatened since December 31, 2021.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Each Acquired Company and each of Seller and its Subsidiaries (with respect to the Business Employees, Former Business Employees and the Business) is, and since December 31, 2021 has been, in compliance in all material respects with all applicable Laws with respect to labor, employment, and employment practices, including all Laws respecting the terms and conditions of employment, plant closings and layoffs (including the Worker Adjustment and Retraining Notification Act of 1988, as amended, or any similar Laws (the "WARN Act")), wages and hours (including the classification and treatment of independent contractors and exempt and non-

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exempt employees), immigration (including the completion of Forms I-9 for all employees and the proper confirmation of employee visas), employment discrimination, harassment, retaliation, restrictive covenants, pay transparency, disability rights or benefits, equal opportunity, labor relations, automated employment decision tools and other artificial intelligence, employee leave issues, employee trainings and notices, unemployment insurance, worker health and safety, and whistleblower protections.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Each Acquired Company and each of Seller and its Subsidiaries (with respect to the Business Employees, Former Business Employees and the Business) has reasonably investigated all allegations of harassment, sexual assault, sexual misconduct, gender discrimination, racial or ethnic discrimination, or harassment on the basis of gender or race against officers, directors, partners, contractors or agents of the Acquired Companies or the Business, or against Former Business Employees or Business Employees, that have been reported to the Acquired Companies or Seller or any of its Subsidiaries or of which the Acquired Companies or Seller or any of its Subsidiaries are otherwise aware. With respect to each such allegation (except those the applicable Acquired Company or Seller reasonably deemed to not have merit), the applicable Acquired Company or Seller have taken prompt corrective action reasonably calculated to prevent further improper action. No such allegation is reasonably expected to result in material liability to the Acquired Companies or the Business. To the Knowledge of the Acquired Companies, there are no such allegations of harassment or discrimination that, if known to the public, would bring any of the Acquired Companies or Seller into material disrepute.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(n)(vii)</u> of the Disclosure Letter sets forth, by termination date (and if applicable, return date) and work location, the name and job title of each individual who was employed (or based out of) the same "site of employment" (as defined by the WARN Act) as any Business Employee, who suffered an "employment loss" (including as a result of a furlough or reduction in hours) under the WARN Act within the ninety (90) days immediately preceding the Closing 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;(viii)&nbsp;&nbsp;&nbsp;&nbsp;To the Knowledge of the Acquired Companies, no Business Employee with annualized compensation at or above $200,000, intends to terminate his or her employment with any of the Acquired Companies or Seller prior to the one-year anniversary of the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;To the Knowledge of the Acquired Companies, no current or former independent contractor dedicated to the Acquired Companies or Business Employee or Former Business Employee is in any material respect in violation of any term of any employment agreement, nondisclosure agreement, common law nondisclosure obligation, fiduciary duty, noncompetition agreement or restrictive covenant obligation: (i) owed to any of the Acquired Companies or Seller or any of its Subsidiaries; or (ii) owed to any third party with respect to such person's right to be employed or engaged by the Acquired Companies or Seller or any of its Subsidiaries.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Section 2.1(o)</u> of the Disclosure Letter sets forth a list of all registered or applied-for Intellectual Property that constitutes Business Intellectual Property. Each Acquired Company owns or has a valid and enforceable right to use (including through the Transition Services Agreement or the transitional trademark license and intellectual property license in <u>Section 3.19</u>) all Intellectual Property used in or necessary for the conduct of the Business, except for such exceptions that, individually or in the aggregate with other such exceptions, have not been and are not reasonably likely to be material to the Business. An Acquired Company exclusively owns all right, title, and interest in and to all Business Intellectual Property and, upon completion of the assignment of the Transferred Assets in accordance with <u>Section 1.1</u>, an Acquired Company will exclusively own immediately after the Closing all right, title, and interest in and to the Business

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Intellectual Property, in each case, free and clear of all Liens other than Permitted Liens. All Business Intellectual Property is subsisting, valid and enforceable in all material respects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;The Acquired Companies, and Seller and its Subsidiaries with respect to the Business, have taken commercially reasonable measures to protect the confidentiality and value of all Intellectual Property developed for on behalf of the Business, including the Business Intellectual Property, and no Acquired Company nor Seller nor any of its Subsidiaries with respect to the Business has experienced any unauthorized disclosure of or access to any trade secrets or other material confidential information included in the Business Intellectual Property. Each current and former employee, consultant or other Person employed or engaged by Seller or its Subsidiaries (with respect to the Business) or an Acquired Company to develop Intellectual Property for the Business has executed a written agreement with Seller or the Acquired Companies, as applicable, which contains (A) confidentiality and non-disclosure obligations of trade secrets and other confidential information, and (B) an assignment by such Person (by way of a present grant of assignment) to an Acquired Company of all right, title, and interest in and to Intellectual Property developed by any such Person in the scope of their employment or engagement with Seller, a Seller Subsidiary or an Acquired Company. To the Knowledge of the Acquired Companies, no Person is in violation of such 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;In the last six (6) years, (A) no Acquired Company, and neither Seller nor any of its Subsidiaries with respect to the Business, has infringed, misappropriated, or otherwise violated the Intellectual Property rights of any Person, (B) no Acquired Company and neither Seller nor any of its Subsidiaries with respect to the Business has received any written notice that, or been the subject of any Proceeding alleging that, any Acquired Company or Seller or any of its Subsidiaries with respect to the Business is infringing, misappropriating, or otherwise violating any Intellectual Property rights of any Person or challenging the validity, enforceability or ownership of any Business Intellectual Property, and (C) to the Knowledge of the Acquired Companies, no Person is infringing, misappropriating, or otherwise violating any Business Intellectual Property and neither the Acquired Companies nor Seller nor any of its Subsidiaries with respect to the Business have sent any written notice or Proceeding against any Person alleging the same, except, in each case of (A), (B), and (C), for such exceptions that, individually or in the aggregate with other such exceptions, have not been and are not reasonably likely to be material to the Acquired Companies, taken as a whole, or the 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;(iv)&nbsp;&nbsp;&nbsp;&nbsp;None of the Software included in the Business Intellectual Property ("Business Software") uses or incorporates any open source software in a manner that requires the Acquired Companies or Seller or any of its Subsidiaries with respect to the Business to license, disclose or distribute any portion of proprietary source code of the Business Software free of charge or under terms that require disclosure of source code in connection with such use of open source software. Neither the Acquired Companies nor Seller or any Subsidiary with respect to the Business have granted any current or contingent right, license or interest in or to, or otherwise escrowed, released, disclosed, or made available any Business Software (or agreed to do any of the foregoing). The Acquired Companies and Seller and its Subsidiaries with respect to the Business have complied in all material respects with all applicable open source software licenses used in connection with any Business Software.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>IT and Data Privacy</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)&nbsp;&nbsp;&nbsp;&nbsp;The IT Systems are (A) in good working condition, (B) are sufficient in all material respects for the needs of the Business as currently conducted, and (C) are free from any bug, virus, malware or programming, design or documentation error or corruption of material defect. The Acquired Companies and Seller and its Subsidiaries with respect to the Business have taken commercially reasonable measures to protect the integrity, operation and security of the IT Systems (and all data and Personal Information processed thereby). In the past three (3) years,

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there have been no outages or failures of the IT Systems that have caused a material disruption in or to the operations of the Acquired Companies or the Business. The Acquired Companies and Seller and its Subsidiaries with respect to the Business maintain reasonable back-up and disaster recovery arrangements in the event of a failure of any of its IT Systems.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;In the past three (3) years, the Acquired Companies and Seller and its Subsidiaries with respect to the Business have complied in all material respects with all Privacy Requirements. There have been no, and neither the Acquired Companies nor Seller and its Subsidiaries with respect to the Business, have received any written complaint, claim or demand from any Person with respect to any Security Incidents.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Personal Property</u>. Except as is not and would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business, each Acquired Company and the Seller and its Subsidiaries with respect to the Business has good and valid title to, or a valid leasehold interest in, or other legal right to, all of the tangible assets and personal properties of the Acquired Companies or the Business (including the Transferred Assets), free and clear of all Liens, other than Permitted Liens. Each item of tangible personal property that Seller or its Subsidiaries with respect to the Business or the Acquired Companies owns or uses is in all material respects in good operating condition and repair (ordinary wear and tear excepted) for the purposes for which it is being used.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Insurance</u>. <u>Section 2.1(r)</u> of the Disclosure Letter sets forth a true, correct and complete list of the insurance policies that are for the benefit of Seller or its Subsidiaries with respect to the Business or the Acquired Companies (the "Insurance Policies"). Seller has made available true, correct and complete copies of the Insurance Policies (including the policy number, insurer and insured parties, relevant policy period, material limits, self-insured layers, deductibles and retentions thereunder). All Insurance Policies are in full force and effect and all premiums due and payable on such Insurance Policies have been paid. Neither Seller or its Subsidiaries with respect to the Business nor any Acquired Company has received any written notice of pending or threatened in writing or, to the Knowledge of the Acquired Companies, orally termination or cancellation of any such insurance policy, and each of Seller and its Subsidiaries and the Acquired Companies are in compliance in all material respects with all terms and conditions contained therein, to the extent such entity is the named insured under the applicable Insurance Policy. Except as is not and would not reasonably be expected to be, individually or in the aggregate, material to the Acquired Companies, taken as a whole, or the Business, (A) no policy limits of insurance policies are exhausted or materially eroded or reduced, (B) in the past three (3) years, no insurance carrier has denied coverage for any material claim asserted by Seller or its Subsidiaries other than pursuant to a customary reservation of rights notice, (C) Seller and its Subsidiaries have not failed to give any notice or present any claims under any applicable Insurance Policy in a due and timely fashion for which coverage would be reasonably expected based on the underlying facts and circumstances and with respect to which the assertion of such claim would be commercially reasonable, and (D) all insurance claims data made available by Seller and its Subsidiaries to Purchaser are true and complete as of its respective valuation date and there have been no material claims presented or material changes in the data since the valuation date of the data presented.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Affiliate Transactions</u>. Except as set forth on <u>Section 2.1(s)</u> of the Disclosure 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;No Acquired Company nor Seller or its Subsidiaries with respect to the Business is a party to any contract or agreement (including any Transferred Contract) (any such contracts or arrangements, the "<u>Affiliate Contracts</u>") with any of their respective Affiliates or any of its or their respective directors or officers (any such Person, a "<u>Related Party</u>"), or, to the Knowledge of the Acquired Companies, any managers of any Related Party or any Person related by blood,

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marriage or adoption to any Related Party, nor has any Affiliate Contract been entered into in the past three (3) 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;No Related Party or, to the Knowledge of the Acquired Companies, any managers of any Related Party or Person related by blood, marriage or adoption to any Related Party, has any direct or indirect ownership or other economic or legal interest in any material assets or properties (including the Transferred Assets) used by the Business or the Acquired Companies.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Brokers and Finders</u>. No broker, investment banker, financial advisor, or other Person, other than Houlihan Lokey (the fees and expenses of which will be treated as Transaction Expenses), is entitled to any broker's, finder's, or financial advisor's fee, commission or similar compensation in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Seller or any of its Affiliates (including the Acquired Companies) are bound.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Bank Accounts; Names and Locations</u>. <u>Section 2.1(u)</u> of the Disclosure Letter sets forth a complete list of all bank accounts of the Acquired Companies, together with a list of each Person holding signature authority over the funds in each such account, and a complete list of all Persons (if any) holding a power of attorney or agency authority from the Acquired Companies. Except as set forth on <u>Section 2.1(u)</u> of the Disclosure Letter, during the past three (3) years, none of the Acquired Companies have used any names or names under which it had invoiced all account debtors, maintained records concerning its assets or otherwise conducted 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;(v)&nbsp;&nbsp;&nbsp;&nbsp;<u>Material Customers and Technology Partners</u>. <u>Section 2.1(v)(1)</u> of the Disclosure Letter sets forth a list of the top ten (10) customers of the Business (by volume of sales to such customers) (collectively, the "Material Customers") for the fiscal years ended December 31, 2023 and December 29, 2024 and the three (3)-month period ended March 30, 2025, showing the approximate total sales to each such customer during the applicable period and the percentage of the total sales of the Business represented by such sales. <u>Section 2.1(v)(2)</u> of the Disclosure Letter sets forth a list of all material technology or professional service partners of the Business (collectively, the <u>Material Technology Partners")</u>. None of Seller or its Subsidiaries (including the Acquired Companies) has received any written notice, or to the Knowledge of the Acquired Companies, oral notice, from (x) any Material Customer to the effect that such Material Customer will stop, decrease the rate of, or change the terms (whether related to payment, price, volume or otherwise), in each case, with respect to, buying goods, services or products from the Business (whether as a result of the consummation of the transactions contemplated hereby or otherwise), or (y) any Material Technology Partner to the effect that such Material Technology Partner will change any material term of its partner program or agreement with respect to the Business or the status of the Business as a certified or preferred partner, as applicable (whether as a result of the consummation of the transactions contemplated hereby or otherwise), in each case, except for such changes or fluctuations in the ordinary course of business consistent with past practice. No Material Customer or Material Technology Partner has delivered a written, or to the Knowledge of the Acquired Companies, oral notice to the Seller or its Subsidiaries (including the Acquired Companies) asserting a breach of contract, indemnification or similar claim against Seller or its Subsidiaries (including the Acquired Companies) during the last three (3) years, or any such claim that is material to the Acquired Companies or the Business, to the extent not resolved, prior to such 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;(w)&nbsp;&nbsp;&nbsp;&nbsp;<u>Sufficiency of Assets</u>. The Transferred Assets, together with the rights granted, services provided and functions offered to the Purchaser and the Acquired Companies under the Transition Services Agreement and the rights, materials, goods, services, properties, functions and assets (tangible or intangible) of the Acquired Companies, are and constitute as of the date hereof, and as of the Closing will be and will constitute all of the material rights, materials, goods, services, properties, functions and assets (tangible or intangible) necessary to operate the

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Business in substantially the same manner as conducted (i) as of the date hereof and (ii) during the twelve (12) months immediately prior to the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>SEC Documents</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)&nbsp;&nbsp;&nbsp;&nbsp;Seller has filed with or furnished to the SEC all Seller SEC Documents that have been required to be filed or furnished by it pursuant to applicable Law. As of their respective dates of filing, furnishing or, in the case of registration statements, effectiveness, or, if supplemented, modified or amended since the time of filing, as of the date of the most recent supplement, modification or amendment, the Seller SEC Documents (other than preliminary materials), including, for the avoidance of doubt, the Proxy Statement, (i) complied or will comply in all material respects with the requirements of the Securities Act or the Exchange Act, as the case may be, and the rules and regulations of the SEC thereunder applicable to such Seller SEC Documents and (ii) none of the Seller SEC Documents, at the time of filing or being furnished (or effectiveness in the case of registration statements), contained or will contain any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except, as applicable, to the extent such statements have been modified or superseded by later Seller SEC Documents filed or furnished and publicly available prior to the date of this Agreement. For the avoidance of doubt, no representation or warranty is made hereunder as to statements made or incorporated by reference in the Proxy Statement that was supplied in writing by or on behalf of Purchaser specifically for inclusion in any of the foregoing documents (without any input or direction from Seller (or any of its Subsidiaries or their respective Representatives)) and has been approved by Purchaser for inclusion or incorporation by reference therein. As of the date hereof, there are no material outstanding or unresolved comments received from the SEC with respect to any of the Seller SEC Documents filed or furnished by Seller with the SEC and, as of the date hereof, to the Knowledge of the Acquired Companies, none of the Seller SEC Documents is the subject of ongoing SEC review. True, correct and complete copies of all Company SEC Reports are publicly available in the Electronic Data Gathering, Analysis and Retrieval database of the SEC. No Subsidiary of Seller is required to file any forms, reports or documents with the SEC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;The audited consolidated financial statements and unaudited consolidated interim financial statements of Seller included or incorporated by reference in the Seller SEC Documents, including the related notes and schedules, (i) complied in all material respects with the applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, (ii) have been prepared in accordance with GAAP (as in effect in the United States on the date of such financial statement) applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto, or, in the case of the unaudited statements, as permitted by Rule 10-01 of Regulation S-X under the Exchange Act) and (iii) fairly presented, in all material respects, in accordance with applicable requirements of GAAP and the applicable rules and regulations of the SEC (subject, in the case of the unaudited statements, to normal, recurring adjustments), the consolidated financial position of Seller and its Subsidiaries, taken as a whole, as of their respective dates and the consolidated statements of income and the consolidated cash flows of Seller and its Subsidiaries for the periods presented therein, in each case, except to the extent such financial statements have been modified or superseded by later Seller SEC Documents filed and publicly available prior to the date 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;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;Seller has designed and maintains a system of internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) intended to provide reasonable assurances regarding the reliability of financial reporting for Seller and its Subsidiaries. Seller has designed disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) to provide reasonable assurance that material information required to be disclosed by Seller in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in

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the SEC's rules and forms and is accumulated and communicated to Seller's management as appropriate to allow timely decisions regarding required disclosure.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Unrelated Assets and Liabilities</u>. None of the Acquired Companies (a) is party to or bound by any Contract or has any rights, properties or assets, other than those rights, properties or assets that are exclusively related to the Business and those rights contemplated by the Transaction Agreements or (b) has any Liabilities, other than those Liabilities related to conducting or operating the Business. Other than the Persons set forth on <u>Section 2.1(y)</u> of the Disclosure Letter, no Affiliate of Seller (other than the Acquired Companies and the directors and officers of the Seller and the Acquired Companies on behalf of the Seller and the Acquired Companies) is engaged in the 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;(z)&nbsp;&nbsp;&nbsp;&nbsp;<u>Fair Consideration; No Fraudulent Conveyance</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)&nbsp;&nbsp;&nbsp;&nbsp;The conveyance of the Transferred Assets to Purchaser or its Subsidiaries as contemplated by this Agreement and the Transaction Agreements (which such conveyance, for the avoidance of doubt, shall be a result of Seller's and its Subsidiaries' conveyance (as applicable) of such Transferred Assets to BGSF Professional prior to the Closing, in accordance with <u>Sections 1.1</u> through <u>1.4</u>) and the other transactions contemplated hereby are not made with the intent to hinder, delay or defraud either present or future creditors of Seller or any of its Subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;The consummation of the transactions contemplated by this Agreement or any Transaction Agreement will not (i) give rise to any right of any creditor of Seller or any of its Subsidiaries to assert any claim whatsoever against the Purchaser or any of its Subsidiaries or any of the Transferred Assets in the hands of Purchaser or any of its Subsidiaries or their respective successors and assigns following the Closing or (ii) hinder, delay or defraud either present or future creditors of Seller or any of its Subsidiaries.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Solvency</u>. None of Seller nor any of its Subsidiaries (including the Acquired Companies) (a) is or has been insolvent (either because its financial condition is such that the sum of its debts is greater than the fair value of its assets or because the fair salable value of its assets is less than the amount required to pay its probable liability on its existing debts as they mature), (b) has or has had unreasonably small capital with which to conduct its business, or (c) has, or has incurred, debts beyond its ability to pay as they 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;(bb)&nbsp;&nbsp;&nbsp;&nbsp;<u>No Other Representations or Warranties</u>. Except for the representations and warranties expressly set forth in <u>Section 2.2</u>, the certificate delivered pursuant to <u>Section 4.3(c)</u>, the Transition Services Agreement, and the Escrow Agreement, as applicable, Seller hereby acknowledges and agrees (on behalf of itself and all other Seller Releasing Parties) that neither Purchaser nor its Affiliates or Representatives, nor any other Person, has made or is making any other express or implied representation or warranty, including any certification, with respect to Purchaser or any or its Affiliates, their respective businesses, results of operations, prospects, condition (financial or otherwise), properties, assets, or liabilities, or any other matters, including with respect to any information provided, disclosed, or delivered to Seller or the Acquired Companies. Except for the representations and warranties expressly set forth in <u>Section 2.2</u>, the certificate delivered pursuant to <u>Section 4.3(c)</u>, the Transition Services Agreement, and the Escrow Agreement, as applicable subject to <u>Article VI</u>, none of Purchaser, nor any of its respective members, trustees, beneficiaries, Affiliates, or Representatives, nor any other Person, will have or be subject to any Liability or indemnification obligation to Seller or its Affiliates or any other Person resulting from the provision, disclosure, or delivery to Seller, the Acquired Companies or any other Person, or the use by Seller, the Acquired Companies or any other Person, of any such information provided or made available to them by any Purchaser, its Affiliates or any of their respective members, trustees, beneficiaries, Affiliates, or Representatives, or any other Person, including any

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information, documents, estimates, projections, forecasts, forward-looking information, business plans, cost-related plans, or other material provided or made available to Seller or any other Person in anticipation or contemplation of any of 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;(cc)&nbsp;&nbsp;&nbsp;&nbsp;<u>Surety Bonds</u>. <u>Section 2.1(cc)</u> of the Disclosure Letter sets forth, as of the date hereof, a true, complete and correct list of each performance bond, bid bond, security bond, payment bond, surety bond or letter of credit issued in favor of Seller or its Subsidiaries in connection with the Business (a "<u>Surety Bond</u>"), the issuer of the Surety Bond, the amount of the Surety Bond, the related indemnity (or similar) agreement, the related Contract and the face value of each Surety Bond as of the date of this Agreement. Except as set forth on <u>Section 2.1(cc)</u> of the Disclosure Letter, (i) each Surety Bond is in full force or effect and has not been canceled or rescinded by the issuer thereof and (ii) none of Seller nor any of its Subsidiaries has taken any action, or omitted to take any action, such that, with or without notice or lapse of time or both, the issuer of any Surety Bond would reasonably be expected, following the Closing, to (x) decline to renew or extend any Surety Bond, or (y) execute new Surety Bonds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Representations and Warranties of Purchaser.</u> Purchaser represents and warrants to Seller and the Acquired Companies as of the date hereof and as of the Closing Date (unless such representation is made as of an earlier date, and in such instance as of such date) 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;<u>Organization, Good Standing, and Qualification</u>. Purchaser is a legal entity duly organized, validly existing, and in good standing under the Laws of its jurisdiction of organization. Purchaser has all requisite corporate, partnership, limited liability company, or similar power and authority, as applicable, to carry on its business as presently 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;<u>Authorization</u>. No vote of the holders of Equity Interests of Purchaser or any of its Affiliates is necessary pursuant to applicable Law, their respective Organizational Documents, the applicable rules of any stock exchange, or otherwise to approve this Agreement and the Transaction Agreements to which it is, or will be, a party and the transactions contemplated hereby and thereby. Purchaser has all requisite corporate, partnership, limited liability company, or similar power and authority, as applicable, to execute and deliver this Agreement and each Transaction Agreement to which it is, or will be, a party, to perform its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Purchaser of this Agreement and each Transaction Agreement to which it is, or will be, a party, the performance of its obligations hereunder and thereunder, and the consummation by Purchaser of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate, partnership, limited liability company, or similar action of Purchaser. This Agreement has been, and each Transaction Agreement to which Purchaser, is or will be, as applicable, a party, is or will be duly executed and delivered by Purchaser and, assuming the due authorization, execution, and delivery by the Acquired Companies, Seller, or any other third party thereto of this Agreement and each Transaction Agreement to which the Acquired Companies, Seller, or any other third party is or will be a party, constitutes (and, in the case of the Transaction Agreements to be entered into after the date hereof, will constitute) the legal, valid, and binding obligation of Purchaser or other third party thereto, enforceable against each in accordance with their respective terms, except as limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium, and similar laws affecting the enforcement of creditors' rights generally or, as to enforceability, by general equitable 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;<u>Governmental Filings and Approvals; No Violations; Etc</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)&nbsp;&nbsp;&nbsp;&nbsp;No notices, reports, or other filings are required to be made by Purchaser or its Subsidiaries with, nor are any consents, registrations, approvals, Permits, Orders, or authorizations required to be obtained by Purchaser or its Subsidiaries from, any Governmental Entity in connection with the execution, delivery, and performance of this Agreement and the

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Transaction Agreements by Purchaser or its Subsidiaries and the consummation by Purchaser of the transactions contemplated hereby, except those that would not, individually or in the aggregate, prevent or materially delay Purchaser from consummating the transactions contemplated by this Agreement 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;The execution, delivery, and performance of this Agreement by Purchaser and the execution, delivery, and performance of this Agreement or any Transaction Agreement to which Purchaser or any of its Subsidiaries is a party does not and will not, and the consummation by Purchaser or any of its Subsidiaries of the transactions contemplated hereby and thereby will not, constitute or result in: (A) a breach or violation of, or a default under, the organizational or governing documents of Purchaser or any of its Subsidiaries; (B) assuming compliance with the matters referred to in <u>Section 2.2(c)(i)</u>, with or without notice, lapse of time or both, a breach or violation of, any Law, Permit, or Order to which Purchaser or any of its Subsidiaries is subject, (C) with or without notice, lapse of time or both, a breach or violation of, a termination, cancellation, or modification (or provide a right of termination, cancellation, or modification) or default under, the acceleration of any rights or obligations under, or require consent, notice, or approval from, the other party thereto, in each case, pursuant to any contract, commitment, understanding, or arrangement binding upon Purchaser or any of its Subsidiaries, or (D) the creation of a Lien on any of the assets of Purchaser or any of its Subsidiaries, except, in the case of clauses (B), (C), and (D) above, for any such breach, violation, termination, cancellation, modification, default, creation, acceleration, consent, notice, or approval that would not, individually or in the aggregate, prevent or materially delay Purchaser from consummating 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;<u>Litigation</u>. There are no Proceedings pending or, to Purchaser's Knowledge, threatened against Purchaser or any of its Subsidiaries that individually or in the aggregate, have had or would reasonably be expected to have a material adverse effect on the ability of Purchaser to consummate the transactions contemplated by this Agreement. Neither Purchaser nor or any of its Subsidiaries is a party to or subject to the provisions of any Order of any Governmental Entity that would, individually or in the aggregate, have had or reasonably be expected to have a material adverse effect on the ability of Purchaser to consummate 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;<u>Sufficiency of Funds</u>. Purchaser has sufficient unrestricted cash on hand or other sources of immediately available funds (including pursuant to the Equity Commitment Letter) to enable Purchaser to pay all amounts contemplated hereby (and related fees and expenses) and to consummate the transactions contemplated by this Agreement. The obligations of Purchaser under this Agreement are not subject to any conditions regarding Purchaser's, its Affiliates', or any other Person's ability to obtain financing for 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;<u>Solvency</u>. Immediately after giving effect to the transactions contemplated by this Agreement and assuming (i) the accuracy of the representations and warranties set forth in <u>Section 2.1</u> and (ii) that any estimates, projections or forecasts prepared by or on behalf of the Acquired Companies and their Subsidiaries provided to Purchaser have been prepared in good faith based upon assumptions that were and continue to be reasonable, Purchaser and the Acquired Companies shall not, on a consolidated basis, (a) be insolvent (either because its financial condition is such that the sum of its debts is greater than the fair value of its assets or because the fair salable value of its assets is less than the amount required to pay its probable liability on its existing debts as they mature), (b) have unreasonably small capital with which to conduct its business, or (c) have incurred debts beyond its ability to pay as they become due. In completing the transactions contemplated hereby, Purchaser does not intend to hinder, delay, or defraud any present or future creditors of Purchaser or the Acquired Companies.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Brokers</u>. No broker, investment banker, financial advisor, or other Person, is entitled to any brokerage, finder's, or other fee or commission or similar compensation in connection with the transactions contemplated by this Agreement based upon arrangements made by or on behalf of Purchaser or its Affiliates for which Seller would have any liability.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Certain Arrangements</u>. Neither Purchaser nor any of its Affiliates or any other Person on behalf of Purchaser or its Affiliates has entered into any contract, commitment, agreement, instrument, obligation, arrangement, understanding, or undertaking, whether written or oral, with any member of any Acquired Company's management that is related to the Acquired Companies or 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;<u>Investment Purposes</u>. Purchaser is acquiring the Purchased Equity solely for its own account for investment purposes and not with a view to, or for offer or sale in connection with, any distribution thereof. Purchaser acknowledges that such Purchased Equity is not registered under the Securities Act of 1933, as amended, or any state securities laws, and that such Purchased Equity may not be transferred or sold except pursuant to the registration provisions of the Securities Act of 1933, as amended or pursuant to an applicable exemption therefrom and subject to state securities laws and regulations, as applicable. Purchaser is able to bear the economic risk of holding such Purchased Equity for an indefinite period (including total loss of its investment), and has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>No Other Representations or Warranties</u>. Except for the representations and warranties expressly set forth in <u>Section 2.1</u> (as modified by the Disclosure Letter), the certificate delivered pursuant to <u>Section 4.2(d)</u>, the Transition Services Agreement, the Escrow Agreement and the Bill of Sale, Assignment and Assumption Agreement, as applicable, Purchaser hereby acknowledges and agrees (on behalf of itself and all other Purchaser Releasing Parties) that neither any Acquired Company, Seller, nor their respective Affiliates or Representatives, nor any other Person, has made or is making any other express or implied representation or warranty, including any certification, with respect to Seller or any Acquired Company, their respective businesses, results of operations, prospects, condition (financial or otherwise), properties, assets, or liabilities, or any other matters, including with respect to any information provided, disclosed, or delivered to Purchaser. Except for the representations and warranties expressly set forth in <u>Section 2.1</u> (as modified by the Disclosure Letter), the certificate delivered pursuant to <u>Section 4.2(d)</u>, the Transition Services Agreement, the Escrow Agreement and the Bill of Sale, Assignment and Assumption Agreement, as applicable, subject to <u>Article VI</u>, none of the Acquired Companies or Seller, nor any of their respective members, trustees, beneficiaries, Affiliates, or Representatives, nor any other Person, will have or be subject to any Liability or indemnification obligation to Purchaser or any other Person resulting from the provision, disclosure, or delivery to Purchaser or any other Person, or the use by Purchaser or any other Person, of any such information provided or made available to them by any Acquired Company, Seller, or any of respective members, trustees, beneficiaries, Affiliates, or Representatives, or any other Person, including any information, documents, estimates, projections, forecasts, forward-looking information, business plans, cost-related plans, or other material provided or made available to Purchaser or any other Person in certain "data rooms," confidential information memoranda, management presentations, or due diligence discussions in anticipation or contemplation of any of the transactions contemplated by this Agreement. Purchaser acknowledges and agrees that it: (i) has had an opportunity to discuss the Business with the management of the Acquired Companies and Seller (ii) has had reasonable and adequate access to the documents provided by the Acquired Companies and Seller for purposes of the transactions contemplated by this Agreement, (iii) has been afforded the opportunity to ask questions of and receive answers from directors, managers, and officers of the Business; and (iv) has relied solely upon its own independent investigation, review, and analysis of the Business, Seller's businesses, results of operations, prospects, condition (financial or otherwise), properties, assets, or liabilities, and any other matters, and the express representations and warranties set forth in <u>Section 2.1</u> 

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hereof (as modified by the Disclosure Letter), the certificate delivered pursuant to <u>Section 4.2(d)</u>, the Transition Services Agreement, the Escrow Agreement and the Bill of Sale, Assignment and Assumption Agreement, 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;(k)&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Reliance on Estimates, Projections, Forecasts, Forward-Looking Statements, and Business Plans</u>. In connection with the due diligence investigation of the Acquired Companies by Purchaser, Purchaser has received and may continue to receive from the Acquired Companies, Seller, or their respective Representatives certain estimates, projections, forecasts, forward-looking information, business plans, and cost-related plans regarding the Acquired Companies and their business and operations. Purchaser hereby acknowledges and agrees that there are uncertainties inherent in attempting prepare such estimates, projections, forecasts, forward-looking information, business plans, and cost-related plans, with which Purchaser is familiar, that Purchaser is taking full responsibility for making its own evaluation of the adequacy and accuracy of all estimates, projections, forecasts, forward-looking information, business plans, and cost-related plans so furnished to it (including the reasonableness of the assumptions underlying such estimates, projections, forecasts, forward-looking information, business plans, or cost-related plans), and, subject to the following sentence, that Purchaser will not have any claim against any Acquired Company, Seller, or any of their respective members, trustees, beneficiaries, Affiliates, or Representatives, or any other Person, with respect thereto. Accordingly, Purchaser hereby acknowledges and agrees that, except for the representations and warranties expressly set forth in <u>Section 2.1</u> (as modified by the Disclosure Letter), the certificate delivered pursuant to <u>Section 4.2(d)</u>, the Transition Services Agreement, the Escrow Agreement and the Bill of Sale, Assignment and Assumption Agreement, as applicable, none of the Acquired Companies, Seller, nor any of their respective members, trustees, beneficiaries, Affiliates, or Representatives, nor any other Person, has made or is making any representation or warranty with respect to such estimates, projections, forecasts, forward-looking statements, business plans, or cost-related plans (including with respect to the reasonableness of the assumptions underlying such estimates, projections, forecasts, forward-looking statements, business plans, or cost-related plans). Nothing contained in this <u>Section 2.2(k)</u> shall limit, negate, or otherwise impede in any manner any claims or recovery by Purchaser under the RWI Policy or claims based on Fraud (in each case, in accordance with the terms 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;(l)&nbsp;&nbsp;&nbsp;&nbsp;<u>Equity Financing Commitment Letter</u>. Purchaser has delivered to Seller a true and complete copy of the executed Equity Financing Commitment Letter (provided, however, that any fee letter may be redacted to omit fee amounts), pursuant to which the Guarantors have committed to invest in Purchaser, directly or indirectly, the cash in the respective pro rata portions set forth therein, and on the terms and conditions, set forth therein (the "<u>Equity Financing</u>"). The Equity Financing Commitment Letter provides that Seller is a third-party beneficiary of, and entitled to enforce, the Equity Financing Commitment Letter, subject to the terms and conditions therein. The Equity Financing Commitment Letter has not been amended or modified in any manner prior to or as of the date of this Agreement. None of Purchaser or any of its Affiliates has entered into any Contract, side letter or arrangement relating to the equity financing of the transactions contemplated by this Agreement, other than as set forth in the Equity Financing Commitment Letter that would affect the availability of the Equity Financing. The proceeds of the Equity Financing, if required to be funded in accordance with the terms of the Equity Financing Commitment Letter, will be sufficient to consummate the transactions contemplated hereby and by the Transaction Agreements, including the payment of the Estimated Closing Amount and the making of all other payments on the Closing Date and any adjustment to the purchase price pursuant to <u>Section 1.11</u>. To the knowledge of Purchaser, the commitments contained in the Equity Financing Commitment Letter have not been withdrawn or rescinded in any respect. The Equity Financing Commitment Letter is in full force and effect and, to the knowledge of Purchaser, represents a valid, binding and enforceable obligation of the Guarantors named therein to provide the financing contemplated thereby. As of the date hereof, no event has occurred which, with or without notice, lapse of time or both, would constitute a breach or default on the part of Purchaser or, to the knowledge of Purchaser, any other party to the Equity

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Financing Commitment Letter. As of the date hereof, Purchaser has no reason to believe that it or any other party thereto will be unable to satisfy on a timely basis any condition to funding under the Equity Financing Commitment Letter. There are no conditions precedent or other contingencies related to the funding of the full amount of the Equity Financing other than as set forth in the Equity Commitment Letter. As of the date hereof, Buyer has no reason to believe that the Equity Financing will not be made available to Purchaser on the Closing Date. All unpaid fees and other amounts that may become due and payable under the Equity Financing Commitment Letter are not required to be paid earlier than the Closing. Purchaser has timely paid in full any and all commitment fees and all other fees, expenses and other amounts required to be paid pursuant to the terms of the Equity Financing Commitment Letter on or before the date hereof and shall timely pay in full any such amounts due on or before the Closing 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;(m)&nbsp;&nbsp;&nbsp;&nbsp;<u>Guaranty</u>. The Guaranty is in full force and effect, has not been amended, modified, withdrawn or rescinded in any manner, has been duly executed by the Guarantors, and is the valid, legal, binding and enforceable obligation of the Guarantors in accordance with its terms. As of the date hereof, no event has occurred, which, with or without notice, lapse of time or both, would constitute a default on the part of the Guarantors under the Guaranty.

**ARTICLE III** 

**<u>COVENANTS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Interim Operations.</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)&nbsp;&nbsp;&nbsp;&nbsp;Seller and the Acquired Companies covenant and agree that, after the date hereof and prior to the earlier of the Closing and the termination of this Agreement in accordance with <u>Article IV</u>, except (i) as requested or consented to in writing by Purchaser (such consent not to be unreasonably withheld, delayed, or conditioned), (ii) as otherwise required or expressly permitted by this Agreement or any Transaction Agreement, (iii) as required by a Governmental Entity or applicable Law, or (iv) as set forth in <u>Section 3.1(a)</u> of the Disclosure Letter, Seller shall, and shall cause its Subsidiaries (including the Acquired Companies) to, conduct the business of each Acquired Company and the Business in all material respects in the ordinary course of business consistent with past practice and to use commercially reasonable efforts to (i) preserve intact the business of the Acquired Companies and the Business and their respective goodwill and assets in all material respects, (ii) maintain satisfactory relationships with key employees and Governmental Entities, customers, suppliers and other commercial counterparties having material business dealings with the Acquired Companies or the Business, and without limiting the generality of the foregoing, Seller shall not, and shall cause its Subsidiaries (including the Acquired Companies) to not:

&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)&nbsp;&nbsp;&nbsp;&nbsp;(A) adopt any change in the Organizational Documents of (x) the Acquired Companies or (y) Seller or any of its other Subsidiaries (with respect to clause (y) only, to the extent such change would reasonably be expected to prevent, materially hinder or materially delay the consummation of the Transaction) or (B) form a Subsidiary of any of the Acquired Companies;

&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)&nbsp;&nbsp;&nbsp;&nbsp;adopt, effect or publicly propose a plan of complete or partial liquidation, dissolution, restructuring, recapitalization, or other reorganization, or resolutions providing for or authorizing such a liquidation, dissolution, restructuring, recapitalization, or other reorganization of Seller, the Acquired Companies, or Seller's other Subsidiaries (to the extent related to the 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;(A) issue, reclassify, split, combine, subdivide, or redeem, purchase, or otherwise acquire or subject to any Lien any of the Equity Interests of any Acquired Company or (B) cause any of the Acquired Companies to declare, set aside or pay any dividend or distribution to any Person (except to the extent permitted under <u>Section 3.1(b))</u>;

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&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)&nbsp;&nbsp;&nbsp;&nbsp;(A) merge or consolidate Seller, the Acquired Companies, or Seller's other Subsidiaries (to the extent related to the Business), in each case, with any other Person or (B) in the case of Seller or its Subsidiaries to the extent related to the Business or in the case of the Acquired Companies, acquire any business of any other business or Person or division thereof (whether by merger, consolidation, acquisition of stock or all or substantially all assets, or similar transaction);

&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)&nbsp;&nbsp;&nbsp;&nbsp;sell, assign, license, lease, transfer, or dispose of or subject to any Lien any of its properties, rights, or assets of the Acquired Companies or the Business (including the Transferred Assets), other than (A) sales, assignments, licenses, leases, transfers, or dispositions in the ordinary course of business consistent with past practice, (B) sales, assignments, licenses, leases, transfers, or dispositions of obsolete, non-operating, or worthless assets or properties, (C) Liens that are Permitted Liens, or (D) sales, assignments, licenses, lease, transfers, or dispositions of assets with a fair market value not in excess of $50,000 individually or $250,000 in the aggregate;

&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)&nbsp;&nbsp;&nbsp;&nbsp;(A) create, incur, assume or guarantee any new Liabilities for borrowed money or (B) grant any indemnity, bond or other guarantee for the benefit of any Person, in each case, pursuant to which any Acquired Company or the Business could have any 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;(vii)&nbsp;&nbsp;&nbsp;&nbsp;(A) amend or waive in any respect the terms of any Material Contract or Lease, (B) terminate or cancel any Material Contract or Lease (other than expirations in accordance with their respective terms or terminations by the counterparties thereto), (C) enter into any new contract, agreement, or instrument that would constitute a Material Contract or Lease if it was in effect as of the date hereof or (D) consummate any transaction or make any other payments that, if it was in effect as of the date hereof, would be required to be disclosed on <u>Section 2.1(s)</u> of the Disclosure Letter, except, in the case of clauses (A) and (C), to the extent (x) such action was taken in the ordinary course of business consistent with past practice, and (y) Seller promptly (and in any event within ten (10) Business Days) provides written notice of such action to Purchaser;

&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)&nbsp;&nbsp;&nbsp;&nbsp;except as required pursuant to the terms of any Benefit Plan in effect as of the date hereof, or as otherwise required by applicable Law, (A) increase the compensation or benefits payable to any Business Employee or any other current or former employee or other individual service provider of any Acquired Company, (B) take any action to accelerate the vesting or payment, or fund or in any other way secure the payment, of compensation or benefits under any Benefit Plan, (C) grant any cash or equity or equity-based incentive awards, bonus, retention, change in control, transaction, severance or similar compensation or benefits payable to any Business Employee or any other current or former employee or other individual service provider of any Acquired Company, (D) become a party to, establish, adopt, materially amend, or terminate any Benefit Plan or any arrangement that would have been a Benefit Plan had it been entered into prior to this Agreement (except where such changes to benefits under a Seller Benefit Plan similarly applies to Seller's and its Subsidiaries' other similarly situated employees who participate under such Seller Benefit Plan and do not materially increase the cost to the Acquired Companies of providing such benefits), or (E) materially change any actuarial or other assumptions used to calculate funding obligations with respect to any material Benefit Plan that is required by applicable Law to be funded or change the manner in which contributions to such plans are made or the basis on which such contributions are determined, except as may be required by GAAP;

&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)&nbsp;&nbsp;&nbsp;&nbsp;terminate (other than for cause) any Business Employee or any employee of any Acquired Company or independent contractor of the Business or any Acquired Company with annual compensation in excess of $200,000;

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&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)&nbsp;&nbsp;&nbsp;&nbsp;except in the ordinary course of business consistent with past practice to fill a position that (A) is open as of the date hereof and set forth in <u>Section 3.1(a)(x)</u> of the Disclosure Letter or (B) becomes open following the date hereof due to the termination of a Business Employee or independent contractor of the Business not in contravention of this Agreement prior to the Closing, in each case, subject to any such Business Employee or independent contractor being hired or engaged on terms (including compensation) substantially similar to those of such Business Employee or independent contractor being replaced, hire or engage any Business Employee or any employee of any Acquired Company or independent contractor of the Business or any Acquired Company with annual compensation in excess of $200,000;

&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)&nbsp;&nbsp;&nbsp;&nbsp;modify, extend, amend, negotiate, terminate or enter into any Labor Agreement or recognize or certify any labor union, labor organization, works council or group of employees as the bargaining representative for any Business Employee or any employee of an Acquired 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;(xii)&nbsp;&nbsp;&nbsp;&nbsp;implement or announce any employee layoffs, furloughs, reductions in force, plant closings, reductions in compensation or other similar actions related to Business Employees or employees of an Acquired Company that trigger notice obligations under the WARN 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;(xiii)&nbsp;&nbsp;&nbsp;&nbsp;waive or release any non-competition, non-solicitation, non-disclosure or other restrictive covenant obligation of any Business Employee, Former Business Employee or current or former employee or independent contractor of the Business or the Acquired Companies;

&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)&nbsp;&nbsp;&nbsp;&nbsp;transfer internally, or otherwise alter the duties and responsibilities of, any individual (i) who is a Business Employee such that the individual is no longer Primarily Related to the Business; or (ii) who is not a Business Employee such that the individual becomes Primarily Related to the 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;(xv)&nbsp;&nbsp;&nbsp;&nbsp;commence, settle or compromise any Proceeding with a Governmental Entity or third party, in each case threatened, made, or pending against Seller or its Subsidiaries in connection with the Business or the Acquired Companies, other than the settlement of Proceedings (except for any Proceedings brought by or on behalf of any stockholder of Seller in connection with the transactions contemplated hereby) for only monetary damages and for an amount of less than $50,000 in any individual case or $250,000 in the aggregate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;&nbsp;&nbsp;&nbsp;sell, assign, lease, license, abandon, allowed to lapse or expire, or transfer any Business Intellectual Property, other than (A) non-exclusive licenses granted to customers in the ordinary course of business consistent with past practice, or (B) the lapse or expiry of Intellectual Property at the end of the applicable statutory term;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;&nbsp;&nbsp;&nbsp;make commitments for capital expenditures that aggregate in excess of $50,000 with respect to the Business or the Acquired Companies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii)&nbsp;&nbsp;&nbsp;&nbsp;modify the Businesses' or the Acquired Companies' cash management practices, including any delay or postponement of the payment of any accounts payable or commissions or any other Liability or obligation, or accelerate to earlier periods the collection of accounts or notes receivable that otherwise would be expected to occur in subsequent periods;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix)&nbsp;&nbsp;&nbsp;&nbsp;disclose any trade secrets or data of the Business or the Acquired Companies to any Person (other than pursuant to a written confidentiality and non-disclosure agreement entered into in the ordinary course of business consistent with past practice with reasonable protections of, and preserving all rights of the Acquired Companies and the Business in, such trade secrets and data) or knowingly receive any trade secrets or data of any Person in violation of any obligations of confidentiality;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx)&nbsp;&nbsp;&nbsp;&nbsp;other than as required by GAAP (or any interpretation thereof), including pursuant to standards, guidelines, and interpretations of the Financial Accounting Standards Board or any similar organization, make any change in the accounting methods, principles, or practices of the Acquired Companies or the 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;(xxi)&nbsp;&nbsp;&nbsp;&nbsp;consent to any waiver of the statute of limitations period applicable to the assessment or collection of any amount of Taxes from an Acquired Company or with respect to any Transferred 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;(xxii)&nbsp;&nbsp;&nbsp;&nbsp;make (inconsistent with past practices), change or revoke any material Tax election, file any amended Tax Return, or change any Tax accounting method or period, in each case, of any Acquired Company or with respect to any Transferred 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;(xxiii)&nbsp;&nbsp;&nbsp;&nbsp;cause or permit an Acquired Company to enter into any Tax Sharing 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;(xxiv)&nbsp;&nbsp;&nbsp;&nbsp;settle or compromise any material Tax Proceeding, enter into any closing agreement with respect to Taxes, or affirmatively surrender any right to claim a refund or credit of Taxes, in each case, of any Acquired Company or with respect to any Transferred 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;(xxv)&nbsp;&nbsp;&nbsp;&nbsp;make any loans or advances to any Person in connection with the Business or by the Acquired Companies, except for the extension of credit to customers and advances to employees, officers, or consultants of the Business or the Acquired Companies, in each case incurred in the ordinary course of business consistent with past practice;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxvi)&nbsp;&nbsp;&nbsp;&nbsp;materially amend, modify or waive any rights under, or terminate, fail to renew, or cancel, any of the Insurance Policies set forth in (or required to be set forth in) <u>Section 2.1(r)</u> of the Disclosure Letter; 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;(xxvii)&nbsp;&nbsp;&nbsp;&nbsp;agree in writing or otherwise commit to do 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;<u>Special Distributions; Indebtedness</u>. Notwithstanding anything to the contrary in this Agreement, including <u>Section 3.1(a)</u>, at any time (and on one or more occasions) prior to the Adjustment Calculation Time, each Acquired Company may (i) pay one or more cash distributions to its equity holder(s) consisting of the Cash and Cash Equivalents held by such Acquired Company, and may make any such distributions required or permitted by the terms of its Organizational Documents, and (ii) settle any Indebtedness; <u>provided</u>, that, in each case, only to the extent any such distributions do not increase the amounts payable, directly or indirectly, to Seller or any of its Affiliates hereunder (other than, with respect to subsection (ii) above, by increasing the Closing Amount payable to Seller as a result of a decrease in such Indebtedness); <u>provided</u>, that the Seller shall use commercially reasonable efforts after the date hereof and prior to the earlier of the Closing and the termination of this Agreement in accordance with <u>Article IV</u>, to have Closing Cash and Cash Equivalents of no more than $256,000 in India, no more than $83,000 in Colombia and no more than $51,000 in Canada.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>No Control of Other Party's Business</u>. Nothing contained in this Agreement shall give Purchaser, directly or indirectly, the right to control or direct Seller's or its Affiliates' operations prior to the consummation of the transactions contemplated hereby, and prior to such time Seller and its Affiliates shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its business, assets, and operations.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, after the date hereof and prior to the earlier of the Closing and the termination of this Agreement in accordance with <u>Article V</u>, Seller shall not enter into any agreement or consummate any transaction pursuant to which Seller comes under the control (as defined in the definition of "Affiliates") of another Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2&nbsp;&nbsp;&nbsp;&nbsp;<u>[Reserved].</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Access and 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)&nbsp;&nbsp;&nbsp;&nbsp;From the date hereof to the Closing or the earlier termination of this Agreement, upon reasonable prior written notice from Purchaser, subject to applicable Law, Seller and the Acquired Companies shall afford Purchaser's officers and other authorized Representatives reasonable access, during normal business hours throughout the period prior to the Closing, to the Business' and the Acquired Companies' officers, employees, properties, facilities, Books and Records, and Transferred Contracts, and any other Contracts, documents, information and data related to the Transferred Assets, the Assumed Liabilities, the Acquired Companies or the Business; and, during such period, Seller and the Acquired Companies shall furnish promptly to Purchaser all information concerning the Business or the Acquired Companies as may reasonably be requested, <u>provided</u>, <u>that</u>, the foregoing shall not require Seller or the Acquired Companies (i) to permit any inspection, or to disclose any information, that in the reasonable judgment of Seller, upon the reasonable advice of its counsel, would result in the disclosure of any trade secrets or violate any of its obligations with respect to confidentiality, (ii) provide any access or furnish any information that, upon the commercially reasonable advice of Seller's counsel, would be in violation of applicable Law, (iii) to disclose any information that, upon the reasonable advice of Seller's counsel, would jeopardize any attorney-client or other legal privileges, or (iv) to permit any environmental sampling or invasive environmental testing; <u>provided</u>, <u>further</u>, that Seller and the Acquired Companies shall use commercially reasonable efforts to provide access to such information in a manner that would not result in disclosure of trade secrets, violate confidentiality obligations, violate applicable Laws or destroy attorney-client or other legal privileges. All requests for access or information made pursuant to this <u>Section 3.3(a)</u> shall be directed to an officer of Seller or an Acquired Company, or other Person designated by Seller or an Acquired Company. All such information shall be governed by the terms of the Confidentiality Agreement, which shall survive the execution and delivery 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;For six (6) years from the Closing Date, Purchaser shall, to the extent permitted by applicable Law, during normal business hours, upon reasonable notice, afford to Seller and its Representatives reasonable access to or copies of the relevant portions of the Transferred Books and Records, the Transferred Contracts and any other documents or materials transferred to Purchaser or any of its Subsidiaries as part of the Transferred Assets and relating to the Business, in each case, existing as of the Closing Date and in its possession or control, in each case, during normal business hours and upon reasonable notice (subject to applicable confidentiality obligations), solely to the extent necessary in connection with Seller's or its Subsidiaries' (i) preparation of financial statements and SEC reporting obligations, (ii) preparation of any documents or materials as reasonably required for Seller or its Subsidiaries to comply with any applicable Laws, (iii) subject to clause (iv) below, performance of its obligations under this Agreement or any Transaction Agreement, and (iv) the defense or assertion of claims against third parties (other than Purchaser and its Subsidiaries and other than in connection with this Agreement or any Transaction Agreement) in any litigation or arbitration or in any administrative or legal proceeding, in each case, under the supervision of Purchaser's personnel, at Seller's sole cost expense, and in accordance with the reasonable procedures established by Purchaser (including the requirement that any third party for whom access is requested to enter into customary access letters); provided, however, that (A) Purchaser shall not be required to provide access to any Combined Tax Return of Purchaser, or any other Tax Return of Purchaser or its Subsidiaries, and (B) any permitted investigation undertaken by Seller or its Subsidiaries pursuant to the access granted under this <u>Section 3.3(b)</u> 

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shall be conducted in such a manner as not to unreasonably interfere with the operation of the Business, the Acquired Companies or any other businesses of Purchaser or its Subsidiaries from and after the Closing. Notwithstanding the foregoing, Purchaser shall not be required to (w) to permit any inspection, or to disclose any information, that in the reasonable judgment of Purchaser, upon the reasonable advice of its counsel, would result in the disclosure of any trade secrets or violate any of its obligations with respect to confidentiality, (x) provide any access or furnish any information that, upon the reasonable advice of Purchaser's counsel, would be in violation of applicable Law, (y) to disclose any information that, upon the reasonable advice of Purchaser's counsel, would jeopardize any attorney-client or other legal privileges, or (z) to permit any environmental sampling or invasive environmental testing; <u>provided</u>, <u>further</u>, with respect only to (x) and (y), that Purchaser shall use commercially reasonable efforts to provide access to such information as would otherwise be restricted under (x) and (y) in a manner that would not result in disclosure of trade secrets, violate confidentiality obligations, violate applicable Laws or destroy attorney-client or other legal privileges. All requests for access or information made pursuant to this <u>Section 3.3(b)</u> shall be directed to an officer of Purchaser or a Subsidiary (including an Acquired Company following the Closing Date), or other Person designated by Purchaser or a Subsidiary (including an Acquired Company following the Closing Date). All such information shall be governed by the terms of <u>Section 3.21(b)</u>, which shall survive the execution and delivery 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;For six (6) years from the Closing Date, Seller shall, and shall cause its Subsidiaries to, to the extent permitted by applicable Law, afford to Purchaser and its Representatives, reasonable access to or copies of the relevant portions of books or records to the extent relating to the Business but that are not Transferred Books and Records and any other information relating to the Business, the Transferred Assets, the Assumed Liabilities or the Continuing Employees (such Books and Records and other information, collectively, the "Commingled Books and Records") existing as of the Closing Date and in its possession or control, in each case, during normal business hours and upon reasonable notice (subject to applicable confidentiality obligations) solely to the extent necessary in connection with Purchaser's (i) preparation of financial statements and any other reporting obligations under applicable Law, (ii) preparation of any documents or materials as reasonably required for Purchaser to comply with any applicable Laws, (iii) subject to <u>clause (iv)</u> below, performance of its obligations under this Agreement or any Transaction Agreement, (iv) the defense or assertion of claims against third parties (other than Seller and its Subsidiaries and other than in connection with this Agreement or any Transaction Agreement) in any litigation or arbitration or in any administrative or legal proceeding, in each case, under the supervision of Seller's personnel, at Purchaser's sole cost and expense and in accordance with reasonable procedures established by Seller (including, but not limited to, access letters); <u>provided</u>, <u>however</u>, that (A) Seller shall not be required to provide access to any Combined Tax Return of Seller, or any other Tax Return of Seller or its Subsidiaries, except as contemplated by <u>Section 3.10(b)</u> and (B) any permitted investigation undertaken by Purchaser pursuant to the access granted under this <u>Section 3.3(c)</u> shall be conducted in such a manner as not to unreasonably interfere with Seller's or any of its Subsidiaries' business operations from and after the Closing. Notwithstanding the foregoing, Seller and its Subsidiaries shall not be required (w) to permit any inspection, or to disclose any information, that in the reasonable judgment of Seller, upon the reasonable advice of its counsel, would result in the disclosure of any trade secrets or violate any of its obligations with respect to confidentiality, (x) provide any access or furnish any information that, upon the reasonable advice of Seller's counsel, would be in violation of applicable Law, (y) to disclose any information that, upon the reasonable advice of Seller's counsel, would jeopardize any attorney-client or other legal privileges, or (z) to permit any environmental sampling or invasive environmental testing; <u>provided</u>, <u>further</u>, that with respect only to (x) and (y), Seller shall use commercially reasonable efforts to provide access to such information as would otherwise be restricted under (x) and (y) in a manner that would not result in disclosure of trade secrets, violate confidentiality obligations, violate applicable Laws or destroy attorney-client or other legal privileges. All requests for access or information made pursuant to this <u>Section 3.3(c)</u> shall be directed to an

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officer of Seller, or other Person designated by Seller. All such information shall be governed by the terms of <u>Section 3.21(a)</u>, which shall survive the execution and delivery 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser agrees to hold all the Books and Records of the Business and the Transferred Books and Records existing on the Closing Date and in its possession or control and not to destroy or dispose of any thereof for a period of six (6) years after the Closing Date or such longer time as may be required by applicable Law, and thereafter, if it desires to destroy or dispose of such Books and Records, to offer first in writing at least sixty (60) days prior to such destruction or disposition to surrender them to Seller. Seller agrees to hold all Commingled Books and Records and other Books and Records relating to the Business existing on the Closing Date and in its possession or control but that are not transferred to Purchaser or its Subsidiaries and not to destroy or dispose of any thereof for a period of six (6) years after the Closing Date or such longer time as may be required by applicable Law, and thereafter, if Seller or any of its Subsidiaries desires to destroy or dispose of such Books and Records, to offer first in writing at least sixty (60) days prior to such destruction or disposition to surrender them to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4&nbsp;&nbsp;&nbsp;&nbsp;<u>Publicity.</u> The Parties hereto shall not, and shall cause their Affiliates to not, issue any press releases or otherwise make any public announcements with respect to the transactions contemplated by this Agreement or any Transaction Agreement and shall not make any filings or provide any notices to any third party and/or any Governmental Entity (including any national securities exchange or interdealer quotation service) with respect thereto, except (a) with the consent of the other Parties hereto, or (b) (i) as may be required by applicable Law or by obligations pursuant to any listing agreement with or rules of any national securities exchange or interdealer quotation service, (ii) if such press release or public announcement is explicitly contemplated by this Agreement (<u>provided</u>, <u>that</u>, in the case of clauses (i) and (ii), such Party, to the extent permitted by applicable Law, will consult with the other Parties hereto with respect to the content thereof and reasonably incorporate any comments received) or (iii) solely to the extent related to a Superior Proposal, Intervening Event or Seller Board Recommendation Change. Notwithstanding anything to the contrary in this <u>Section 3.4</u> or otherwise in this Agreement, nothing herein shall prevent Purchaser or its Affiliates from making customary disclosures to its direct or indirect investors or other bona fide financing sources (in each case, whether current or prospective) on a confidential basis in connection with normal fund raising, marketing or informational or reporting activities of Purchaser or any such Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5&nbsp;&nbsp;&nbsp;&nbsp;<u>Expenses.</u> Except as otherwise specifically provided in this Agreement (including <u>Section 5.3</u>), each Party shall bear their respective expenses, costs, and fees (including attorneys', auditors', and financing fees, if any) in connection with the transactions contemplated hereby, including the preparation, execution, and delivery of this Agreement and the Transaction Agreements and compliance herewith, whether or not the transactions contemplated hereby are effected; <u>provided</u>, <u>however</u>, that, Purchaser shall be solely responsible for (x) 50% of the costs, premiums and expenses of the D&O Tail Policy, (y) all RWI Policy Costs, and (z) all fees and expenses charged by the Escrow Agent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6&nbsp;&nbsp;&nbsp;&nbsp;<u>Employee Matters.</u>

<br> &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)&nbsp;&nbsp;&nbsp;&nbsp;For the period commencing on the Closing Date and ending six (6) months thereafter (or if earlier, until the applicable Continuing Employee's date of termination of employment), Purchaser agrees to maintain (or cause to be maintained), with respect to each Continuing Employee, (i)(i) base salary or wage rate, and annual target short-term cash bonus opportunities (excluding any equity-based compensation); and (ii)(ii) employee benefits (including 401(k) benefits, health and welfare benefits and severance, but excluding any equity-based compensation, defined benefit pension, change in control, retention, equity, deferred compensation and post-employment welfare benefits) that are, in each case, either (x) substantially comparable in the aggregate to those in effect for such Continuing Employee immediately prior to the Closing

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(subject to the same exclusions), (y) no less favorable in the aggregate than those provided to similarly situated employees of Purchaser or its applicable Subsidiary (subject to the same exclusions) or (z) some combination 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;For the plan year in which the Closing occurs, Purchaser or its applicable Affiliate shall (i) use commercially reasonable efforts to cause any pre-existing conditions or limitations and eligibility waiting periods under any group health plans of Purchaser or its Subsidiaries to be waived with respect to the Continuing Employees and their eligible dependents to the extent waived or satisfied under the corresponding Benefit Plan as of immediately prior to the Closing Date, (ii) use commercially reasonable efforts to give each Continuing Employee credit for the plan year in which the Closing occurs towards applicable corresponding deductibles and annual out-of-pocket limits for medical expenses incurred during the portion of the plan year prior to the Closing for which payment has been made by and credited to such Continuing Employee under a Seller Benefit Plan that is a group medical plan, and (iii) give each Continuing Employee service credit for such Continuing Employee's employment with an Acquired Company or an Affiliate thereof for purposes of vesting of 401(k) contributions, paid time off accrual and eligibility to participate under each applicable Purchaser (or Purchaser's Subsidiaries') benefit plan to the same extent and for the same purpose as such service was credited to such Continuing Employee under the corresponding Benefit Plan, as if such service had been performed with Purchaser (or such Subsidiary), except (x) for benefit accrual purposes under defined benefit pension plans, (y) for purposes of qualifying for subsidized early retirement benefits or (z) to the extent it would result in a duplication of benefits for the same period of service.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, with respect to each Business Employee in the United States who as of the Closing incurs a disability or is on short- or long-term disability leave, or is on a workers' compensation or other long-term leave of absence (but excluding such persons absent from work due to vacation or ordinary paid time off) (each, an "<u>Inactive Employee</u>"): (i) Seller or one of its Subsidiaries (other than an Acquired Company) shall retain or accept the transfer of employment of such Inactive Employee (as applicable) and be solely responsible for the provision of benefits and compensation to such Inactive Employee unless and until the applicable Inactive Employee returns to active employment with Purchaser or an Acquired Company; and (ii) Purchaser shall or shall cause its applicable Subsidiary to offer employment to an Inactive Employee to the extent such employee is able to commence active employment within a six (6) month period following the Closing 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;No later than five (5) Business Days prior to the Closing, Seller shall provide Purchaser with an updated Business Employee Census and Excluded Employee Census. Prior to the Closing, Seller shall cause the employment, employment-related Contracts, personnel records, employer-sponsored work visas, and accrued unused vacation accruals (subject, in each case, to any required employee consents under applicable Law) of each Business Employee who is not employed by an Acquired Company to be transferred to an Acquired Company. Prior to Closing, Seller shall transfer the employment of, and all liabilities relating to, any employee of an Acquired Company who is not primarily dedicated to the Business or who is an Excluded Employee to Seller or any of its Subsidiaries (other than the Acquired Companies) such that as of the Closing, the Acquired Companies employ all Business Employees and only Business Employees. The Parties covenant and agree that, after the date hereof until the Closing, the Parties shall cooperate in good faith to mutually agree upon any additions or removals of Business Employees or Excluded Employees to the Business Employee Census or Excluded Employee Census (as applicable), and Seller and its Affiliates shall reasonably and in good faith consider any such proposals made by Purchaser.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Prior to or as soon as commercially practicable following the Closing, Seller shall (i) cause each Continuing Employee to become fully vested in his or her account balances under the Seller Benefit Plan that is intended to be qualified under Section 401(a) of the Code (the "Seller 401(k) Plan") as of the Closing Date, and (ii) make or cause to be made to the Seller 401(k)

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Plan all employer contributions that would have been made on behalf of the Continuing Employees had the transactions contemplated by this Agreement not occurred, regardless of any service or end-of-year employment requirements, but prorated for the portion of the plan year that ends on the Closing 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;From and after the Closing, Seller and its Subsidiaries (other than the Acquired Companies) shall retain, assume and shall be solely responsible for any Liabilities relating to any Seller Benefit Plan and any other benefit or compensation plan, program, policy, agreement or arrangement (other than a Company Benefit Plan) at any time maintained, sponsored or contributed to or required to be contributed to by Seller or any of its Affiliates or under or with respect to which Seller or any of its Affiliates has any Liabilities, including the responsibility for satisfying the continuation coverage requirements of Section 4980B of the Code for all individuals who are "M&A qualified beneficiaries" as such term is defined in Treasury Regulation Section 54.4980B-9.

&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)&nbsp;&nbsp;&nbsp;&nbsp;During the period prior to the Closing Date, Seller and its Subsidiaries shall use commercially reasonable efforts to make individual independent contractors engaged by Seller or any of its Subsidiaries to service the Business available to Purchaser for the purpose of allowing Purchaser to interview each such contractor and determine the nature and extent of each such individual's continuation with Purchaser, if any, and shall transfer the relationships with such contractors to an Acquired Company, Purchaser, or one of its Subsidiaries, to the extent requested by Purchaser. Seller and its Subsidiaries shall provide Purchaser with contact information for third-party service providers providing contingent personnel to the Business and reasonably cooperate in identifying such contingent work force and shall transfer such contingent work force to the extent requested by Purchaser.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Seller shall, or shall cause its applicable Subsidiaries to, use their commercially reasonable efforts to ensure that any foreign national who requires a visa in order to work for Seller or its Subsidiaries in his or her current position and who would otherwise be a Continuing Employee may continue to work in such position as a Continuing Employee as of the Closing 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;Seller agrees that, notwithstanding the terms of any noncompetition, customer non-solicit, or other restrictive covenant obligation between Seller or any of its Subsidiaries and any Business Employee, such Business Employee shall be permitted to provide services to Purchaser and its Affiliates following the Closing, and none of Seller or any of its Subsidiaries will seek to enforce the terms of any such restrictive covenant following the Closing with respect to such Business Employee's services to Purchaser or its Affiliates. Seller, on behalf of itself and its Subsidiaries, hereby assigns all such restrictive covenant obligations relating to the Business to Purchaser and its applicable Affiliates, and Purchaser and its Affiliates have the right, but not the obligation, to enforce such restrictive covenant obligations.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Nothing contained in this Agreement is intended to (i) be treated as an amendment to or establishment of any particular Benefit Plan or other benefit or compensation plan, (ii) prevent Purchaser or any of its Affiliates from amending or terminating any of their benefit or compensation plans, or (iii) prevent Purchaser or any of its Affiliates, after the Closing, from terminating the employment of any Continuing Employee or other individual service provider. Nothing contained in this <u>Section 3.6</u> shall create any third-party beneficiary rights in any Continuing Employee or any beneficiary or dependent thereof or any other Person, including with respect to the compensation, terms, and conditions of employment, and/or benefits that may be provided to any Continuing Employee by Purchaser or any of its Affiliates or under any benefit plan which Purchaser or any of its Affiliates may maintain.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7&nbsp;&nbsp;&nbsp;&nbsp;<u>Indemnification; Directors' and Officers' Insurance.</u>

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&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)&nbsp;&nbsp;&nbsp;&nbsp;During the six (6) year period immediately after the Closing, Purchaser will cause the Acquired Companies to indemnify and hold harmless, to the fullest extent permitted under applicable Law and only to the extent required by the applicable Organizational Documents of the Acquired Companies (and, to the extent required and requested, Purchaser shall cause the Acquired Companies to also advance expenses as incurred to the fullest extent permitted under applicable Law and only to the extent required by the applicable Organizational Documents of the Acquired Companies; <u>provided</u>, that, the Person to whom expenses are advanced provides an undertaking to repay such advances if it is ultimately determined that such Person is not entitled to indemnification), each present and former director and officer of the Acquired Companies (collectively, the "D&O Indemnified Parties") against any costs or expenses (including reasonable attorneys' fees), judgments, fines, losses, claims, damages, or liabilities incurred in connection with any claim, action, suit, Proceeding, or investigation, whether civil, criminal, administrative, or investigative, arising out of or related to such D&O Indemnified Parties' service as a director or officer of the Acquired Companies or services performed by such persons at the request of the Acquired Companies, in each case, at or prior to the Closing, whether asserted or claimed prior to, at, or after the Closing, including (i) the transactions contemplated by this Agreement, and (ii) actions to enforce this <u>Section 3.7</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;(b)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall cause the Acquired Companies to, and the Acquired Companies shall, either (i) continue to maintain in effect for a period of no less than six (6) years after the Closing the Acquired Companies' directors' and officers' insurance policies (the "D&O Insurance") in place as of the date of this Agreement, or (ii) purchase comparable D&O Insurance for such six (6)-year period from a carrier with comparable or better credit ratings to the Acquired Companies' existing directors' and officers' insurance policies, in each case, with coverage for the persons who are covered by the Acquired Companies' existing D&O Insurance, with terms, conditions, retentions, and levels of coverage at least as favorable to the insured individuals as the Acquired Companies' existing D&O Insurance with respect to matters existing or occurring at or prior to the Closing; <u>provided</u>, <u>however</u>, in no event shall Purchaser be obligated to pay annual premiums in excess of three hundred percent (300%) of the most recent annual premium paid by the Acquired Companies for such insurance prior to the date of this Agreement and, in such event, Purchaser shall purchase the maximum coverage available for three hundred percent (300%) of the most recent annual premium paid by the Acquired Companies in respect of such insurance prior to the date of this Agreement. At the Purchaser's option, the Acquired Companies shall purchase, prior to the Closing, a prepaid "tail policy" (a "D&O Tail Policy") for a period of no more than six (6) years after the Closing with coverage for the persons who are covered by the Acquired Companies' existing D&O Insurance, with terms, conditions, retentions, and levels of coverage at least as favorable to the insured individuals as the Acquired Companies' existing D&O Insurance with respect to matters existing or occurring at or prior to the Closing, in which event Purchaser shall cease to have any obligations under the first sentence of this <u>Section 3.7(b)</u>. In the event the Acquired Companies purchase such a D&O Tail Policy, the Acquired Companies shall (and Purchaser shall cause the Acquired Companies to), subsequent to the Closing, maintain such D&O Tail Policy in full force and effect and continue to honor its obligations thereunder.

&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)&nbsp;&nbsp;&nbsp;&nbsp;If Purchaser or the Acquired Companies or any of their respective successors or assigns shall transfer all or substantially all of its properties and assets to any Person, then, and in each such case, proper provisions shall be made so that the successors and assigns of Purchaser or the Acquired Companies (if Purchaser or the Acquired Companies do not survive the transaction or such obligations are not otherwise assigned by operation of law or Contract) shall assume all of the obligations set forth in this <u>Section 3.7</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;(d)&nbsp;&nbsp;&nbsp;&nbsp;The provisions of this <u>Section 3.7</u> are intended to be for the benefit of, and shall be enforceable by, each of the D&O Indemnified Parties.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;The rights of the D&O Indemnified Parties under this <u>Section 3.7</u> shall be in addition to any rights such D&O Indemnified Parties may have under any applicable Contracts set forth on <u>Section 3.7(e)</u> of the Disclosure Letter (the "<u>Indemnification Agreements</u>") or Laws; <u>it</u> <u>being</u> <u>understood</u> that such Indemnification Agreements and any rights thereunder shall be Excluded Assets. Unless required by Law, from and after the Closing until the sixth (6th) anniversary thereof, all rights to indemnification and exculpation from liabilities for acts or omissions occurring at or prior to the Closing and rights to advancement of expenses relating thereto now existing in favor of any D&O Indemnified Party as provided in any applicable Organizational Documents of the Acquired Companies shall not be amended, repealed, or otherwise modified in any manner that would adversely affect any right thereunder of any such D&O Indemnified Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8&nbsp;&nbsp;&nbsp;&nbsp;<u>Affiliate Contracts; Intercompany Agreements and Accounts.</u> Except as set forth on <u>Section 3.8</u> of the Disclosure Letter, Seller and the Acquired Companies shall cause all Affiliate Contracts, the Intercompany Agreements and Accounts, and any other arrangements, understandings or Contracts, including all obligations to provide goods, services or other benefits, between Seller or any of its Subsidiaries (other than the Acquired Companies), on the one hand, and any Acquired Company, on the other hand, to be settled, eliminated, terminated or cancelled, as applicable, prior to or upon the Closing, without any Liabilities or ongoing obligation to Purchaser or its Affiliates (including, following the Closing, the Acquired Companies), on the one hand, or Seller or any of its Subsidiaries, on the other hand, following the Closing. The terminations contemplated by the preceding sentence shall, in each case, be in a form and substance reasonably acceptable to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9&nbsp;&nbsp;&nbsp;&nbsp;<u>Resignations.</u> Seller and the Acquired Companies, as applicable, shall cause each manager, director, or officer of the Acquired Companies, including those listed on <u>Section 3.9</u> of the Disclosure Letter, to resign (or otherwise be removed) in such capacity other than individuals identified by Purchaser prior to the Closing Date, such resignations or removals to be effective as of the Closing; <u>provided</u>, that, such resignation shall be in form and substance reasonably acceptable to Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10&nbsp;&nbsp;&nbsp;&nbsp;<u>Tax Matters.</u> The following provisions of this <u>Section 3.10</u> shall govern certain 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;Seller shall prepare or cause to be prepared and file or cause to be filed (a) all Tax Returns of the Acquired Companies that are due (taking into account extensions) on or prior to the Closing Date or (b) that are Combined Tax Returns of Seller. All Tax Returns described in clause (a) of the preceding sentence shall be prepared in a manner consistent with past practice except as otherwise required by applicable Law. Following the Closing Date, Purchaser shall be responsible for preparing and filing all other Tax Returns of the Acquired Companies.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Each of Purchaser, the Acquired Companies, and Seller shall reasonably cooperate, as and to the extent reasonably requested by the other party, in connection with the preparation and filing of Tax Returns pursuant to this <u>Section 3.10</u> and any audit, examination or judicial proceeding or any other Proceeding with a Governmental Entity with respect to Taxes or Tax Returns of or with respect to the Acquired Companies or the Transferred Assets for Pre-Closing Periods ("Tax Proceedings"). Such cooperation shall include the retention and (upon the other party's request) the provision of records and information which are reasonably relevant to any such Tax Returns or the audit, litigation, or other Tax Proceeding and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Purchaser and the Acquired Companies shall retain all Books and Records with respect to Tax matters pertinent to the Acquired Companies and the Transferred Assets relating to any taxable period beginning on or before the Closing Date until the expiration of the statute of limitations (including any extensions thereof). Notwithstanding the foregoing, neither Party shall be

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required to provide access to any Combined Tax Return of such Party or any other Tax Return of such Party or its Affiliates; provided, that upon a Party's reasonable request and at its sole cost and expense, the other Party shall provide (or cause to be provided to) the requesting Party with information pertaining solely to the Acquired Companies, on a pro forma basis, to the extent such information is reasonably necessary for the requesting Party in preparing any Tax Returns of the Acquired Companies or in the conduct or resolution of any Tax audit, examination or other proceeding relating to the Acquired Companies.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser and Seller further agree, upon request, to use their commercially reasonable efforts to obtain or provide any certificate or other document from any Governmental Entity or any other Person as may be necessary to mitigate, reduce, or eliminate any Transfer Taxes imposed in connection with 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary set forth in <u>Section 6.3</u>, each of Seller, the Acquired Companies, and Purchaser shall give the other prompt written notice (and, in any event, within 10 Business Days) after receipt of any notice with respect to a Tax Proceeding of or with respect to the Acquired Companies related to a Tax Return for a Pre-Closing Period (a "<u>Tax Claim</u>"). Seller shall have exclusive control over any Tax Claim with respect to any Combined Tax (a "<u>Seller Group Tax Claim</u>") at Seller's sole cost and expense, and Purchaser shall not participate in any Seller Group Tax Claim; <u>provided</u>, that Seller shall not settle any such Seller Group Tax Claim in a manner that, based on the information reasonably available to the Purchaser, would reasonably be expected to materially and adversely affect Purchaser, any Acquired Company, or any of their Affiliates, unless Purchaser provides its prior written consent (such consent not to be unreasonably withheld, delayed, or conditioned). With respect to any Tax Claim that does not relate to a Combined Tax, Purchaser shall have the right to control such Tax Claim and, if such Tax Claim could reasonably be expected to result in a Liability for the Seller and/or any of its Affiliates (excluding the Acquired Companies) for Taxes (including as a result of <u>Sections 3.10(g)</u> or <u>6.2(a)(C)</u> below), Purchaser shall keep Seller reasonably informed about the status of such Tax 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;Following the Closing and unless Seller provides its prior written consent (such consent not to be unreasonably withheld, delayed, or conditioned, it being understood that it shall be deemed unreasonable to withhold consent to an action that is required by Law), neither Purchaser nor any Affiliate of Purchaser (including, after the Closing, the Acquired Companies and their Subsidiaries) shall, and Purchaser shall not cause or permit any Acquired Company or any of their respective Subsidiaries to, (i) amend, refile or otherwise modify any Tax Return of with respect to any Acquired Company for or with respect to Pre-Closing Period, (ii) make or change any Tax election with respect to a Pre-Closing Period of any Acquired Company thereof or which would have retroactive effect to a Pre-Closing Period (other than as set forth in <u>Section 3.10(g)</u> below), (iii) grant an extension or waiver of any applicable statute of limitations with respect to any Tax or Tax Return of any Acquired Company for a Pre-Closing Period, (iv) enter into or seek any voluntary disclosure Tax program, agreement or arrangement with any Governmental Entity that relates to the Taxes of an Acquired Company for a Pre-Closing Period, or (v) take any action on the Closing Date after the Closing that is outside of the ordinary course of business, in each case solely to the extent such action could reasonably be expected to result in a Liability for the Seller and/or any of its Affiliates (excluding the Acquired Companies) for Taxes (including as a result of <u>Sections 3.10(g)</u> or <u>6.2(a)(C)</u> below) and/or other Losses, in each case other than in connection with a VDA Tax Procedure as set forth in <u>Section 3.10(n)</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;(f)&nbsp;&nbsp;&nbsp;&nbsp;At or prior to Closing, Seller shall deliver to Purchaser a duly signed and completed IRS Form W-9.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The Parties shall utilize the following conventions for determining the amount of Taxes attributable to the portion of the Straddle Period ending on the Closing Date: (i) in the case of property Taxes and other similar Taxes imposed on a periodic basis, the amount attributable to

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the portion of the Straddle Period ending on the Closing Date shall equal the Taxes for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of calendar days in the portion of the Straddle Period ending on the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period; and (ii) in the case of all other Taxes (including income Taxes, sales Taxes, value-added Taxes, employment Taxes, withholding Taxes), the amount attributable to the portion of the Straddle Period ending on the Closing Date shall be determined as if the applicable Acquired Company filed a separate Tax Return with respect to such Taxes for the portion of the Straddle Period ending as of the end of the day on the Closing Date using a "closing of the books methodology ", provided, that, in the case of any Taxes attributable to the ownership of any interest in any partnership, other "flow-through" entity or "controlled foreign corporation" (within the meaning of Section 957(a) of the Code or any comparable state, local or non-U.S. Law), such computation shall be made as if the taxable period of such partnership, other "flow-through" entity or controlled foreign corporation ended as of the end of the day on the Closing 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;(h)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall be permitted in its sole discretion to make an election under Section 338(g) of the Code (or any comparable election under state, local or foreign Law) with respect to the acquisition of each Foreign Acquired Company (each, a "<u>338(g) Election</u>"). If Purchaser makes a 338(g) Election, then promptly after the Allocation Schedule becomes final and binding pursuant to <u>Section 1.10</u>, Purchaser will deliver to Seller a draft of IRS Form 8883 with respect to the applicable Foreign Acquired Company and any similar forms under applicable state Tax Law prepared consistently with the Allocation Schedule, and Purchaser shall consider any reasonable comments provided by Seller in good faith (any such form, to the extent agreed pursuant to this <u>Section 3.10(g)</u>, the "<u>Section 338(g) Forms</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)&nbsp;&nbsp;&nbsp;&nbsp;All Tax Returns will be prepared and filed consistently with the Section 338(g) Forms, and Seller, Purchaser and their Affiliates (including the applicable Acquired Companies and their Subsidiaries) will report the acquisition by Purchaser of the applicable Acquired Companies consistent with the Section 338(g) Elections and will not take a position contrary thereto or inconsistent therewith in any Tax Return, any discussion with or Proceeding with respect to Taxes, or otherwise for Tax purposes, unless required to do so under applicable Tax 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;(j)&nbsp;&nbsp;&nbsp;&nbsp;Neither Seller nor Purchaser shall make (and shall cause their Affiliates to not make) an election under either Section 338(h)(10) or Section 336(e) of the Code with respect to 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;(k)&nbsp;&nbsp;&nbsp;&nbsp;[Reserved]

&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)&nbsp;&nbsp;&nbsp;&nbsp;Any Tax Sharing Agreement between Seller or any of its Affiliates (other any Acquired Company), on the one hand, and any Acquired Company, on the other hand, shall be terminated as of the Closing Date and shall have no further effect for any 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;(m)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser and Seller agree to utilize, or cause their respective Affiliates to utilize, the standard procedure set forth in Revenue Procedure 2004-53 with respect to wage reporting.

&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) <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, but subject to <u>Section 3.10(n)(ii)</u> below, Purchaser and its Subsidiaries (including, after the Closing, the Acquired Companies) shall be entitled and permitted to (A) initiate any contact with any applicable Governmental Entity with respect to, and participate in, any "voluntary disclosure," "managed audit," or similar process, procedure or program sponsored by a Governmental Entity with respect to any Taxes described in clause (i) of the definition of Covered Tax (such Taxes, the "<u>VDA Taxes</u>"), (B) enter into any voluntary disclosure agreement (or any similar agreement or settlement with any

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Governmental Entity) or make any remedial Tax filings or payments relating to any VDA Tax, and (C) settle any audit, litigation or other proceeding with respect to any VDA Tax ((A), (B), and (C) collectively, "<u>VDA Tax Procedures</u>"). All out-of-pocket costs or expenses of preparing, filing or negotiating any VDA Tax Procedure or any applicable Tax Return shall be paid out of the VDA Escrow Fund, and the Seller and Purchaser shall instruct the Escrow Agent to distribute to Purchaser any such amounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;The Parties shall cooperate in good faith, as and to the extent reasonably requested by any other Party, in connection with any VDA Tax Procedure. Purchaser shall notify Seller in writing at least 15 days prior to initiating any VDA Tax Procedure and keep Seller reasonably informed of the status of any VDA Tax Procedures (including providing Seller with copies of all written correspondence (including emails) received from a Governmental Entity regarding such VDA Tax Procedure). Seller shall have the right to participate fully in any such VDA Tax Procedure at its own expense. Purchaser (x) shall reasonably consult and cooperate with Seller concerning the appropriate strategies to be taken in connection with any such VDA Tax Procedure and (y) shall not settle, compromise or otherwise enter into any agreement with any Governmental Entity with respect to any such VDA Tax Procedure without the prior written consent of Seller (such consent not to be unreasonably withheld, conditioned or delayed). Following the execution of an agreement pursuant to a VDA Tax Procedure, Purchaser or its applicable Subsidiary (including an Acquired Company) shall pay, or cause to be paid, the amount of the Liability under such agreement to the appliable Governmental Entity; provided, that so long as there are sufficient funds in the VDA Escrow Fund, then Seller and Purchaser shall instruct the Escrow Agent to distribute such amount (and any reasonable out-of-pocket expense incurred by Purchaser or its applicable Subsidiary (including an Acquired Company) in connection with such VDA Tax Procedure) from the VDA Escrow Fund to Purchaser or its applicable Subsidiary.Any amounts remaining in the VDA Escrow Fund as of the third (3rd) anniversary of the Closing Date (minus the aggregate amount of funds reserved by the Purchaser or its Affiliates in good faith for the amount of Liabilities reasonably expected to be payable pursuant in connection with VDA Tax Procedures that have been initiated as of or prior to such third (3rd) anniversary of the Closing Date) shall be released to Seller. At any time following such date, to the extent the remaining funds held in the VDA Escrow Fund exceed the aggregate amount of any such funds then reserved by the Purchaser or its Affiliates in good faith, the excess funds shall be promptly released to the Seller. Seller and Purchaser shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to make any distributions required herein pursuant to this <u>Section 3.10(n)</u>. All amounts paid pursuant to this <u>Section 3.10(n)</u> shall be treated by the parties for all Tax purposes as adjustments to the Purchase Price to the maximum extent permitted by applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11&nbsp;&nbsp;&nbsp;&nbsp;<u>RWI Policy.</u> Purchaser shall cause the RWI Policy to be bound and remain in full force and effect as of the Closing, and use good faith, commercially reasonable efforts from and after the Closing to cause the RWI Policy to remain in full force and effect, in each case in accordance with the terms and conditions set forth in the Binder Agreement and the RWI Policy. Purchaser shall bear, and shall timely pay (or cause to be timely paid), 100% of the RWI Policy Costs in accordance with the terms of the Binder Agreement and the RWI Policy. Purchaser shall be solely responsible for all retention and all fees, costs, or expenses associated with or arising from investigating, prosecuting, mitigating, pursuing, or enforcing any claims under the RWI Policy. None of Purchaser or its Affiliates shall following the date hereof, waive, amend, restate, modify, or otherwise revise (i) the subrogation and related waiver provisions in the RWI Policy in any manner that is prejudicial or adverse in any respect to any Seller Released Parties, or allow any such provisions to be waived, amended, restated, modified, or otherwise revised without the express prior written consent of Seller (which consent may be withheld in such Person's sole discretion), nor (ii) any other provision (including the definition of "fraud" or otherwise) in the RWI Policy in any manner that results, or could reasonably be expected to result, in any incremental liability to any of the Seller Released Parties; any amendment, restatement, supplement, or modification in violation of the foregoing shall be void *ab initio*. Each of the Seller Released Parties shall be express and

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intended third-party beneficiaries of, and shall be entitled to fully enforce its rights with respect to, this <u>Section 3.10(m)</u>. Purchaser shall provide Seller with a true and complete copy of the final and issued RWI Policy as soon as practicable following the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12&nbsp;&nbsp;&nbsp;&nbsp;<u>Further Assurances.</u> Seller and Purchaser agree that, from and after the Closing, each of them will, and will cause their respective Affiliates to, execute and deliver such further instruments of conveyance and transfer and take such other action as may reasonably be requested to carry out the purposes and intents of this Agreement (including, for the avoidance of doubt, Seller's and its Subsidiaries' obligations to effect the Pre-Closing Restructuring and Seller's and its Subsidiaries' perform the covenants contemplated by this <u>Article III</u>).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.13&nbsp;&nbsp;&nbsp;&nbsp;No Solicitation.

&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)*&nbsp;&nbsp;&nbsp;&nbsp;No Solicitation or Negotiation.* Subject to the terms of <u>Section 3.13(b)</u>, immediately upon the execution of this Agreement and until the earlier of the termination of this Agreement and the Closing, Seller shall, and shall cause its Subsidiaries and its and their respective directors, managers, officers, and controlled Representatives to, cease any and all existing activities, discussions, or negotiations with any Person other than Purchaser and its Affiliates and Representatives with respect to, and to deal exclusively with Purchaser and its Affiliates and Representatives regarding, any and all Acquisition Proposals and, without the prior consent of Purchaser, Seller shall not, and shall cause its Subsidiaries and each of its and their respective directors, managers, officers, and controlled Representatives not to (directly or indirectly): (a) solicit, initiate, knowingly encourage, or respond to (other than solely to inform such Person of the provisions contained in this <u>Section 3.13</u>) any proposal or inquiry from, or otherwise engage in any negotiations, discussions, or other communications with, any other Person relating to any Acquisition Proposal; (b) provide or furnish information or documentation to any other Person with respect to Seller or its Subsidiaries (including the Acquired Companies) or any of their businesses or assets (including the Business and the Transferred Assets) in furtherance of any Acquisition Proposal; or (c) enter into any letter of intent, arrangement, contract, agreement, understanding, or commitment with any other Person in respect of any Acquisition Proposal (each, other than an Acceptable Confidentiality Agreement, an "<u>Alternative Acquisition Agreement</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;(b)*&nbsp;&nbsp;&nbsp;&nbsp;Superior Proposals*. Notwithstanding anything to contrary set forth in this <u>Section 3.13</u> (but subject to the provisos in this <u>Section 3.13(b)</u>), from the date of this Agreement until Seller's receipt of the Requisite Stockholder Approval, Seller and the Seller Board may, directly or indirectly through one or more of their Representatives, participate or engage in discussions or negotiations with, furnish any non-public information relating to Seller or its Subsidiaries to, or afford access to the business, properties, assets, books, records or other non-public information, or to any personnel, of Seller or its Subsidiaries, in each case pursuant to an Acceptable Confidentiality Agreement to any Person or its Representatives that has made, renewed or delivered to Seller an Acquisition Proposal after the date of this Agreement, and otherwise facilitate such Acquisition Proposal or assist such Person (and its Representatives and financing sources) with such Acquisition Proposal (in each case, if requested by such Person), in each case with respect to an unsolicited Acquisition Proposal that did not result from any breach of this <u>Section 3.13</u>; <u>provided</u>, <u>however</u>, that the Seller Board has determined in good faith (after consultation with its financial advisor and outside legal counsel) that such Acquisition Proposal either constitutes a Superior Proposal or is reasonably likely to lead to a Superior Proposal, and the Seller Board has determined in good faith (after consultation with its financial advisor and outside legal counsel) that the failure to take the actions contemplated by this <u>Section 3.13(b)</u> would be inconsistent with its fiduciary duties pursuant to applicable law; <u>provided</u> <u>further</u>, however, that Seller will promptly (and in any event within twenty-four (24) hours), subject to applicable law, make available to Purchaser any non-public information concerning Seller or its Subsidiaries (including the Acquired Companies) that is provided to any such Person or its Representatives that was not previously made available to Purchaser.

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&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)*&nbsp;&nbsp;&nbsp;&nbsp;No Change in Seller Board Recommendation or Entry into an Alternative Acquisition Agreement*. Except as provided by <u>Section 3.13(d)</u>, at no time after the date hereof may the Seller Board (or any committee 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;(A) withhold, withdraw, amend, qualify or modify, or publicly propose to withhold, withdraw, amend, qualify or modify, the Seller Board Recommendation in a manner adverse to Purchaser in any material respect; (B) publicly adopt, approve, endorse, recommend or otherwise declare advisable an Acquisition Proposal; (C) fail to publicly reaffirm the Seller Board Recommendation within 10 Business Days after Purchaser so requests in writing (provided, however, that the Purchaser may make such request no more than twice plus one time more each time an Acquisition Proposal or material modification thereto shall have become publicly known); (D) make any recommendation in support of or fail to make a recommendation against a tender or exchange offer that constitutes or would be reasonably likely to lead to an Acquisition Proposal, other than a recommendation against such offer or a "stop, look and listen" communication by the Seller Board (or a committee thereof) to Seller's stockholders pursuant to Rule 14d-9(f) promulgated under the Exchange Act (or any substantially similar communication); or (E) fail to include the Seller Board Recommendation in the Proxy Statement (any action described in clauses (A) through (E), a "<u>Seller Board Recommendation Change</u>"); provided, however, that, for the avoidance of doubt, none of (1) the determination by the Seller that an Acquisition Proposal constitutes a Superior Proposal or the taking of any other action contemplated by Section 3.13(b) as and to the extent permitted by this <u>Section 3.13</u> or (2) the delivery by Seller of any notice contemplated by <u>Section 3.13(d)</u> or any negotiations during the Notice Period in respect thereto in compliance with this Agreement will constitute a Seller Board Recommendation Change or a violation of this Section 3.13; 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;cause or permit Seller to enter into an Alternative Acquisition 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;(d)*&nbsp;&nbsp;&nbsp;&nbsp;Seller Board Recommendation Change; Entry into Alternative Acquisition Agreement*. Notwithstanding anything to the contrary set forth in this Agreement, at any time prior to obtaining the Requisite Stockholder Approval:

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Seller Board (or a committee thereof) may effect a Seller Board Recommendation Change pursuant to clause (A), (C) or (E) of <u>Section 3.13(c)(i)</u> in response to any positive material event, change, effect, condition, occurrence or development or material change in circumstances with respect to Seller and its Subsidiaries (taken as a whole), the Acquired Companies (taken as a whole) or the Business that was (A) not actually known to, or reasonably foreseeable to, the Seller Board as of the date hereof (or if known to the Seller Board as of the date hereof, the consequences of which were not known or reasonably foreseeable to the Seller Board, as of the date hereof); and (B) does not relate to any Acquisition Proposal; provided that in no event shall the following constitute or be taken into account in determining the existence of an Intervening Event: (x) the mere fact, in and of itself, that Seller meets or exceeds any internal or published or third party projections, forecasts, estimates or predictions of revenue, earnings or other financial or operating metrics for any period ending on or after the date hereof; or (y) changes after the date hereof in the market price or trading volume of Seller Common Stock or the credit rating of Seller (it being understood that the underlying cause of any of the foregoing in clauses (x) or (y) may be considered and taken into account) (each such event, an "<u>Intervening Event</u>"), if the Seller Board determines in good faith (after consultation with its financial advisor and outside legal counsel) that the failure to do so would be inconsistent with its fiduciary duties pursuant to applicable law and if and only 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;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;&nbsp;&nbsp;&nbsp;Seller has provided prior written notice to Purchaser at least five (5) Business Days in advance to the effect that the Seller Board (or a committee thereof)

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has (A) so determined; and (B) resolved to effect a Seller Board Recommendation Change pursuant to this <u>Section 3.13(d)(i)</u>, which notice will specify the applicable Intervening Event in reasonable detail; 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;(B)&nbsp;&nbsp;&nbsp;&nbsp;prior to effecting such Seller Board Recommendation Change, Seller and its controlled Representatives, during such five-Business Day period, must have negotiated with Purchaser and its Representatives in good faith (to the extent that Purchaser requests to so negotiate) to make such adjustments to the terms and conditions of this Agreement such that the Seller Board no longer determines that the failure to make a Seller Board Recommendation Change in response to such Intervening Event would be inconsistent with its fiduciary duties pursuant to applicable law; 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;if Seller has received a bona fide Acquisition Proposal that the Board has determined in good faith (after consultation with its financial advisor and outside legal counsel) constitutes a Superior Proposal, then the Seller Board may (x) effect a Seller Board Recommendation Change with respect to such Acquisition Proposal; and/or (y) authorize and cause Seller to terminate this Agreement and enter into an Alternative Acquisition Agreement with respect to such Acquisition Proposal, in each case if and only 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;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;&nbsp;&nbsp;&nbsp;the Seller Board determines in good faith (after consultation with its financial advisor and outside legal counsel) that the failure to do so would be inconsistent with its fiduciary duties pursuant to 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;(B)&nbsp;&nbsp;&nbsp;&nbsp;Seller, its Subsidiaries, and its and their respective directors, managers, officers, and controlled Representatives have complied in all material respects with its obligations pursuant to this <u>Section 3.13</u> with respect to such Acquisition Proposal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;(i) Seller has provided prior written notice to Purchaser at least five Business Days in advance (the "<u>Notice Period</u>") to the effect that the Seller Board (or a committee thereof) has (A) received a bona fide Acquisition Proposal that has not been withdrawn; (B) concluded in good faith that such Acquisition Proposal constitutes a Superior Proposal; and (C) resolved to effect a Seller Board Recommendation Change or to terminate this Agreement pursuant to <u>Section 5.1(h)</u> absent any revision to the terms and conditions of this Agreement, which notice will specify the basis for such Seller Board Recommendation Change or termination, including the identity of the Person or "group" of Persons making such Acquisition Proposal, the status of discussions relating to such Acquisition Proposal, the material terms and conditions thereof and unredacted copies of all relevant written agreements (including, among others, all financing commitments) relating to such Acquisition Proposal; (ii) prior to effecting such Seller Board Recommendation Change or termination, Seller, during the Notice Period, must have (x) permitted Purchaser and its Representatives to make a presentation to the Seller Board regarding this Agreement and any adjustments with respect thereto (to the extent that Purchaser requests to make such a presentation) and (y) negotiated with Purchaser and its Representatives in good faith (to the extent that Purchaser requests to so negotiate) to make such adjustments to the terms and conditions of this Agreement so that such Acquisition Proposal would cease to constitute a Superior Proposal; *provided*, *however*, that in the event of any material revisions, updates or supplements to such Acquisition Proposal, Seller will be required to deliver a new written notice to Purchaser and to comply with the requirements of this <u>Section 3.13(d)(ii)(C)</u> with respect to such new written notice (it being understood that the "Notice Period" in respect of such new written notice will be three (3) Business Days); and (iii) at the end of the applicable Notice Period, the Seller Board

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determines in good faith (after taking into account any revisions to the terms and conditions of this Agreement proposed by Purchaser) that such Acquisition Proposal remains a Superior Proposal; 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;(D)&nbsp;&nbsp;&nbsp;&nbsp;in the event of any termination of this Agreement in order to cause or permit Seller to enter into an Alternative Acquisition Agreement with respect to such Acquisition Proposal which constitutes a Superior Proposal, Seller will have validly terminated this Agreement in accordance with <u>Section 5.1(h)</u>, including with respect to complying with its obligation to pay the Seller Termination Fee in accordance with <u>Section 5.3(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;(e)*&nbsp;&nbsp;&nbsp;&nbsp;Notice*. From the date of this Agreement until the earlier to occur of the termination of this Agreement pursuant to <u>Article V</u> and the Closing, Seller will promptly (and, in any event, within twenty-four (24) hours from the receipt thereof) notify Purchaser in writing if any inquiries, offers or proposals that constitute an Acquisition Proposal are received by Seller, its Subsidiaries, or its or their respective directors, managers, officers, or its or their controlled Representatives or any non-public information is requested from, or any discussions or negotiations are sought to be initiated or continued with, Seller, its Subsidiaries, or its or their respective directors, managers, officers, or its or their controlled Representatives with respect to an Acquisition Proposal. Such notice must include (i) the identity of the Person or "group" of Persons making such offers or proposals (unless, in each case, such disclosure is prohibited pursuant to the terms of any confidentiality agreement with such Person or "group" of Persons that is in effect on the date of this Agreement); and (ii) a summary of the material terms and conditions of such offers or proposals. Thereafter, Seller must keep Purchaser reasonably informed, on a prompt basis, of the status (and supplementally provide the terms) of any such offers or proposals (including any amendments thereto) and the status of any such discussions or negotiations.

&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)*&nbsp;&nbsp;&nbsp;&nbsp;Certain Disclosures*. Nothing in this Agreement will prohibit Seller or the Seller Board (or a committee thereof) from (i) taking and disclosing to the stockholders of Seller a position contemplated by Rule 14e-2(a) promulgated under the Exchange Act or complying with Rule 14d-9 promulgated under the Exchange Act, including a "stop, look and listen" communication by the Seller Board (or a committee thereof) to the stockholders of Seller pursuant to Rule 14d-9(f) promulgated under the Exchange Act (or any substantially similar communication); (ii) complying with Item 1012(a) of Regulation M-A promulgated under the Exchange Act; (iii) informing any Person of the existence of the provisions contained in this <u>Section 3.13</u>; (iv) complying with Seller's disclosure obligations under U.S. federal or state Law with regard to an Acquisition Proposal; or (iv) making any disclosure to the stockholders of Seller (including regarding the business, financial condition or results of operations of Seller and its Subsidiaries) unrelated to an Acquisition Proposal that the Seller Board (or a committee thereof) has determined to make in good faith, it being understood that any such statement or disclosure made by the Seller Board (or a committee thereof) pursuant to this <u>Section 3.13(f)</u> must be subject to the terms and conditions of this Agreement and will not limit or otherwise affect the obligations of Seller or the Seller Board (or any committee thereof) and the rights of Purchaser under this <u>Section 3.13</u>, it being understood that nothing in the foregoing will be deemed to permit Seller or the Seller Board (or a committee thereof) to effect a Seller Board Recommendation Change other than in accordance with <u>Section 3.13(d)</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;(g)*&nbsp;&nbsp;&nbsp;&nbsp;Breach by Representatives*. Seller agrees that any violation of this <u>Section 3.13</u> by any director, manager, officer, or controlled Representative of Seller or any of its Subsidiaries will be deemed to be a breach of this <u>Section 3.13</u> by Seller. Seller will not authorize, direct or knowingly permit any consultant or employee of Seller or its Subsidiaries (including the Acquired Companies) to violate this <u>Section 3.13</u>, and upon becoming aware of any violation or threatened violation of this <u>Section 3.13</u> by a consultant or employee of Seller, shall use its commercially reasonable efforts to stop such violation or threatened violation.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.14&nbsp;&nbsp;&nbsp;&nbsp;<u>Financing Activities; Financing Cooperation.</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)&nbsp;&nbsp;&nbsp;&nbsp;Prior to the Closing, upon Purchaser's request Seller shall, and shall cause its Subsidiaries (including the Acquired Companies) to, as promptly as is reasonably practicable provide the Required Information. From and after the date hereof until the earlier of the Closing Date and the termination of this Agreement pursuant to <u>Article V</u>, Seller shall and shall cause its Subsidiaries (including the Acquired Companies) to use its respective commercially reasonable efforts (and to cause its and their respective personnel and advisors to use their respective commercially reasonable efforts) to take the following actions, at the sole expense of Purchaser (subject to the limitations on reimbursements set forth in <u>Section 3.14(d)</u>), as is reasonably requested by Purchaser in connection with the Debt Financing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;assist with the Marketing Efforts related to the Debt Financing, including furnishing to Purchaser and its Debt Financing Sources, as promptly as is reasonably practicable following Purchaser's request, such pertinent and customary information as reasonably necessary to consummate the Marketing Efforts or assemble the Marketing Material,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;furnish Purchaser with the financial and other pertinent information regarding the Seller, the Acquired Companies and the Business as may be reasonably requested by Purchaser or any Debt Financing Sources,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;at least three (3) Business Days prior to Closing, to the extent requested from the Acquired Companies at least ten (10) Business Days prior to the anticipated Closing, provide all documentation and other information about the Seller and its Subsidiaries as is reasonably requested by Purchaser which the Debt Financing Sources reasonably determine is required with respect to applicable "know your customer" and anti-money laundering rules and regulations, including the USA PATRIOT Act and that is required under the Debt Financing Commitment Letter (if any) associated with the Debt Financing,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;facilitate the pledging of collateral and the granting of security interests in connection with the Debt Financing substantially concurrently with the Closing (including the delivery of original share certificates, together with share powers executed in blank, with respect to each Acquired Company (if certificated)), including assisting with the procurement of insurance endorsements from the insurance policy underwriters of the Acquired Companies,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;facilitate the execution and delivery at the Closing of definitive documents reasonably related to the Debt Financing (including the Ancillary Financing Documents) on the terms contemplated by the Debt Financing Commitment Letter associated with the Debt Financing, including any guarantees, pledge and security documents, other definitive financing documents (in each case including the schedules thereto), or other certificates or documents contemplated by the Debt Financing Commitment Letter, in connection with the authorization of the Debt Financing and the definitive documentation related thereto, and the execution and delivery of such definitive documentation in anticipation of the Closing (provided that all such authorization, execution and delivery shall be deemed to become effective only if and when the Closing occurs provided further that the Seller, its Subsidiaries (including the Acquired Companies) and their respective Representatives shall not be required to deliver or cause the delivery of any legal opinions),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;cause the chief financial officer or other authorized officer with similar responsibilities of the Acquired Companies (who is (and shall remain) or will be such officer after giving effect to the Closing) to deliver a customary solvency certificate,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;deliver notices of prepayment (or obtaining waivers thereof in the applicable Payoff Letters) within the time periods required by the relevant agreements governing such Indebtedness and obtain the Payoff Letters, Lien terminations and instruments of discharge to be delivered at or prior to Closing to allow for the payoff, discharge and termination in full on or prior to the Closing Date of all Indebtedness and Liens (other than Permitted Liens), 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;(viii)&nbsp;&nbsp;&nbsp;&nbsp;take commercially reasonable actions that are necessary or advisable to permit the consummation of such Debt Financing.

Notwithstanding anything to the contrary contained in this <u>Section 3.14</u> and, for the avoidance of doubt, nothing in this clause (a) will limit the Seller's or its Subsidiaries' obligations with respect to the Marketing Materials and customary authorization and management representation letters referred to in this <u>Section 3.14(a)</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;(b)&nbsp;&nbsp;&nbsp;&nbsp;Seller hereby consents to the use of the logos of Seller, the Acquired Companies and the Business in connection with the Marketing Efforts; provided, however, that such logos are used (i) in a manner that is not intended to, or reasonably likely not to, disparage any of Seller, the Acquired Companies or the Business or their reputation or goodwill or (ii) in any manner as reasonably approved by Seller.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding any other provision of this Agreement to the contrary, none of the Seller, its Subsidiaries, or any Acquired Companies or their respective personnel or advisors shall be required to provide any such assistance or cooperation which Seller reasonably believes would:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;unreasonably interfere with the businesses or ongoing operations of Seller or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;require Seller or any of its Subsidiaries to pay any commitment or other similar fee or incur any other liability or obligation in connection with the arrangement of the Debt Financing or any other financing prior to the Closing (other than customary management representation letters and authorization letters);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;result in a breach or violation of any confidentiality arrangement or material agreement or the loss of any legal or other privilege, right, or benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;cause any representation or warranty in this Agreement to be breached or any condition to Closing set forth in <u>Article IV</u> to not be satisfied;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;cause any director, manager, officer, employee or stockholder of Seller or any of its Subsidiaries to incur any personal liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;require the directors or managers of Seller or any of its Subsidiaries, acting in such capacity, to authorize or adopt any resolutions approving any of the Debt Financing Documents that are not contingent on the Closing or would be effective prior to Closing (other than with respect to any director, manager or equivalent of any Acquired Company or Affiliate of Seller who will continue in any such position following the Closing and the passing of such resolutions);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;require Seller, any of its Subsidiaries, or any of their respective directors, managers, officers or employees to execute, deliver or perform, or amend or modify, any agreement, document or instrument, including any financing agreement, with

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respect to the Debt Financing (other than customary management representation letters and authorization letters and any notices of prepayment with respect to Indebtedness to be repaid at Closing) that is not contingent upon the Closing or that would be effective prior to the Closing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;provide access to or disclose any information that Seller or any of its Subsidiaries determines would jeopardize any attorney-client privilege of any of them; 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;(ix)&nbsp;&nbsp;&nbsp;&nbsp;take any action that would reasonably be expected to (x) conflict with or violate this Agreement that would provide Purchaser the right to terminate this Agreement (unless, in each case, waived in advance by Purchaser), (y) conflict or violate any governing documents of any Acquired Company or any applicable Laws, or (z) result in a material violation of, or material default under, any Material Contract to which any Acquired Company is a party as of the date 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;All such assistance referred to in this <u>Section 3.14</u> in connection with the Debt Financing shall be at Purchaser's written request with reasonable prior notice and except as provided herein, at Purchaser's sole cost and expense, and Purchaser shall promptly reimburse Seller or its Affiliates for all costs and expenses (including attorneys' fees) incurred by them in connection with such assistance; provided, however, that such reimbursement under this <u>Section 3.14(d)</u> shall not apply to, and Purchaser shall not be responsible for, (x) costs and expenses incurred in connection with the satisfaction of obligations solely under other provisions of this Agreement, (y) any ordinary course amounts payable to employees or similar Persons of any Acquired Company or its Subsidiaries with respect to services provided prior to the Closing Date, or (z) any amounts incurred in connection with the Payoff Letters.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall indemnify, defend and hold harmless each Seller Indemnified Party from and against any and all Losses suffered or incurred by them in connection with the Debt Financing or any assistance or activities provided in connection therewith, including the performance of their obligations under this <u>Section 3.14</u>, in each case except to the extent resulting from bad faith, gross negligence, or willful misconduct by the applicable Seller Indemnified 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;All non-public or otherwise confidential information regarding any of the Seller, its Subsidiaries (including the Acquired Companies) and their respective businesses obtained by Purchaser or its Debt Financing Sources pursuant to this <u>Section 3.14</u> shall be kept confidential in accordance with the Confidentiality Agreement and <u>Section 3.21(b)</u>, except that such information may be disclosed to "private side" lenders that agree to customary confidentiality obligations in connection with the Marketing Efforts.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser acknowledges and agrees that obtaining the Debt Financing is not a condition to the Closing. If any Debt Financing has not been obtained, Purchaser will continue to be obligated, subject to the satisfaction or waiver of the applicable conditions set forth in Article IV, to consummate the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The Parties understand and agree that all obligations of the Parties relating to the Debt Financing shall be governed exclusively by this <u>Section 3.14</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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser shall take, or cause to be taken, all actions and do, or cause to be done, all things necessary, proper and advisable to arrange, consummate and obtain the Financing on the terms and conditions described in the Equity Financing Commitment Letter as promptly as practicable following the date of this Agreement. Such actions should include 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;maintaining in effect the Equity Financing Commitment Letter in the form attached as <u>Exhibit F</u> to this Agreement until the consummation of the transactions contemplated hereby.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;satisfying on a timely basis (or obtaining a waiver of) all Financing 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;paying all commitment or other fees and amounts that become due and payable under or with respect to the Equity Financing Commitment Letter as they become due and payable; 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)&nbsp;&nbsp;&nbsp;&nbsp;upon satisfaction of the Financing Conditions, consummating the Financing at or substantially contemporaneous with the date that the Closing is required to be effected pursuant to <u>Section 1.7</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.15&nbsp;&nbsp;&nbsp;&nbsp;<u>Misallocated Assets and 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;If following the Closing, any Party discovers that Purchaser or any of its Affiliates or any Acquired Company owns any right, property, asset or Liability that constituted Excluded Assets or Excluded Liabilities as of the Closing Date, or that any right, property, asset or Liability that has been transferred by Seller or its Affiliates to Purchaser, any Affiliate of Purchaser, or any Acquired Company were Excluded Assets or Excluded Liabilities as of the Closing Date, then any such right, property, asset or Liability shall be deemed to have been held in trust by Purchaser, its applicable Affiliate or an Acquired Company following Closing for Seller, and Purchaser shall, and shall cause its Affiliate or Acquired Company (as applicable) to, promptly transfer, assign and convey such rights, property, assets or Liability to Seller (or any of its Affiliates as designated by Seller) without any consideration therefor, and, for the avoidance of doubt, such rights, property, assets or Liabilities shall be considered to be Excluded Assets or Excluded Liabilities for all purposes under this Agreement and any applicable Transaction Agreement. Notwithstanding the foregoing and anything to the contrary in this Agreement, the Parties understand and agree that the Excluded Assets and Excluded Liabilities are not intended to, and shall not, be transferred to Purchaser or any of its Affiliates (including the Acquired Companies), and Seller or its Affiliates, as applicable, shall retain all rights, properties, assets and Liabilities with respect to such Excluded Assets and Excluded 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;If following the Closing, any Party discovers that any right, property, asset or Liability that constituted a Transferred Asset or Assumed Liability was not transferred to Purchaser (or its Affiliate or an Acquired Company) as part of the consummation of the transactions contemplated by this Agreement, then any such right, property, asset or Liability shall be deemed to have been held in trust by Seller or its Affiliate following Closing for Purchaser, and Seller shall, and shall cause their Affiliates, if applicable, to promptly transfer, assign and convey such Transferred Asset or Assumed Liability, as applicable, to Purchaser, an Acquired Company or another Affiliate of Purchaser, as directed by Purchaser without additional consideration therefor, and, for the avoidance of doubt, such Transferred Assets or Assumed Liabilities shall be deemed Transferred Assets or Assumed Liabilities for all purposes under this Agreement and any applicable Transaction 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;Seller shall, or shall cause its applicable Affiliates to, promptly pay or deliver to Purchaser any monies or checks received by Seller or any of its Affiliates following the Closing to the extent they are (or represent the proceeds of) a Transferred Asset or belong to the Acquired Companies. Purchaser shall, or shall cause its applicable Affiliates to, promptly pay or deliver to Seller any monies or checks that have been received by Purchaser or any of its Affiliates following the Closing to the extent they are (or represent the proceeds of) an Excluded Asset. Any such payment or delivery shall be by wire transfer of immediately available funds to the accounts designated by the applicable Party.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;Each Party shall (and shall cause its applicable Affiliates to) reasonably cooperate with the other in connection with any actions required to be taken pursuant to this <u>Section 3.15</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16&nbsp;&nbsp;&nbsp;&nbsp;<u>Pre-Closing Separation Matters.</u> Seller shall use commercially reasonable efforts to separate the Business from the other businesses of Seller prior to Closing in a manner that provides for the continued operation of the Business in substantially the same manner in which the Business operated during the twelve (12)-month period prior to the Closing. In connection with the foregoing separation activities, the Parties shall cooperate in good faith to facilitate an orderly separation, including by: (a) making available relevant management and employees for meetings or telephone conferences as reasonably requested by Purchaser, including for the purpose of facilitating integration discussions, creating separation work plans, and knowledge transfer; (b) providing assistance and data (including data for operation and testing of replacement or successor IT Systems) as is reasonably necessary to effect the separation of the Business; and (c) without limiting the foregoing, Seller shall complete the tasks set forth in <u>Schedule 3.16</u> of the Disclosure Letter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17&nbsp;&nbsp;&nbsp;&nbsp;<u>Shared Contracts.</u> Except as otherwise agreed by Seller and Purchaser in writing or as otherwise provided in this Agreement or any of the Transaction Agreements, until the expiration date of any Shared Contract set forth on <u>Section 3.17</u> of the Disclosure Letter (a "Specified Shared Contract") (without giving effect to any extension thereof), the Parties shall (and shall cause their respective Affiliates to) use commercially reasonable efforts to obtain or structure an arrangement for Purchaser and its Affiliates to, from and after the Closing, obtain the claims, rights and benefits, and assume the corresponding Liabilities and obligations thereunder (other than to the extent related to or arising out of a breach or other violation of such Shared Contract at or prior to the Closing), of such portion of any such Shared Contract that is related to the Business with terms and conditions materially similar to those terms and conditions applicable as of the date hereof or, if entered into after the date hereof, as of immediately prior to the Closing, as reasonably determined by Seller and Purchaser; provided, however, (A) that none of Purchaser or any of its Affiliates shall be under any obligation to enter into any such arrangement with respect to, or obtain any claims, rights and benefits, or assume any corresponding Liabilities and obligations under, any Shared Contract that is not a Specified Shared Contract, unless Purchaser and Seller agree in writing that they intend for such Shared Contract to be a Specified Shared Contract and (B) Shared Contractual Liabilities pursuant to, under or relating to any Specified Shared Contract, shall be allocated between Seller and Purchaser as follows: (1) if a liability is incurred solely in respect of either the Business or the other businesses of Seller or any of its Affiliates, such liability shall be allocated to Purchaser (in respect of the Business) or Seller (in respect of the other businesses of Seller or any of its Affiliates); and (2) if a liability cannot be so allocated under clause (1), such liability shall be allocated to Purchaser and Seller based on the relative proportion of total benefit under such Specified Shared Contract received by Purchaser or its Subsidiaries in respect of the Business and Seller or any of its Affiliates (other than the Acquired Companies) in respect of its other businesses, as reasonably determined in good faith by Purchaser and Seller. Notwithstanding the foregoing or anything to the contrary in this Agreement, (i) Seller or Purchaser, as applicable, shall be responsible for any or all Liabilities arising from its (or its Affiliates') direct or indirect breach of any Specified Shared Contract, (ii) Seller shall be responsible for any and all Liabilities arising from or relating to any of pre-Closing direct or indirect breach of any Specified Shared Contract and (iii) Purchaser and Seller shall not, and shall cause their respective Affiliates not to, (A) amend or modify in a manner that is adverse to the other Person, any of its Affiliates or the Business in any material respect or terminate any Specified Shared Contract (excluding, for the avoidance of doubt, any expiration or automatic extension or renewal of any such Specified Shared Contract pursuant to its terms), or (B) waive any material benefit or right under any Specified Shared Contract of the other Person, any of its Affiliates, or the Business.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.18&nbsp;&nbsp;&nbsp;&nbsp;<u>Third Party Consents.</u> From and after the date hereof until the Closing, and without limiting the obligations set forth in <u>Section 1.5</u>, (x) Purchaser shall reasonably cooperate in connection with Seller's and its Affiliates' efforts to, and (y) Seller shall (and shall cause its Representatives and Affiliates to), use commercially reasonable efforts to, obtain any Consents that are required to consummate the transactions contemplated hereby or that are otherwise set forth on <u>Section 3.18</u> of the Disclosure Letter prior to the Closing (including, but not limited to, transferring Transferred Contracts to BGSF Professional); <u>provided</u>, that in no event shall Seller or any of its Affiliates (i) be required to make any payments or provide any other consideration in order to obtain any such consent or remove any such prohibition (including if any counterparty to a Transferred Contract conditions its grant of a consent upon (by threatening to exercise a "recapture" or other termination right), or otherwise requires in response to a request for consent, the payment of a consent fee, "profit sharing" payment or other consideration (including increased rent payments), or the provision of additional security (including a guaranty)), except for any out-of-pocket costs and expenses of counsel or other advisors incurred by Seller or its Affiliates pursuant to this <u>Section 3.18</u> (which shall be borne by Seller) and such amounts which Purchaser has agreed to reimburse Seller for, and (ii) agree to amend, modify or supplement any Contract to which such Consent may relate in a manner that is adverse to Purchaser, its Affiliates or the Business without the prior written consent of Purchaser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.19&nbsp;&nbsp;&nbsp;&nbsp;<u>Intellectual Property 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;<u>Transitional Trademark License</u>. Seller, on behalf of itself and its Affiliates, hereby grants to Purchaser, the Acquired Companies, and each of their Subsidiaries (each, a "<u>Licensee</u>" and together, the "<u>Licensees</u>"), a non-exclusive, world-wide, royalty-free, sublicensable right to use the Seller Trademarks solely in connection with the conduct and operation of the Business, including to transition and rebrand the Business, for a period of up to twelve (12) months after the Closing (the "<u>End-of-Use Date</u>"), provided that Purchaser shall use commercially reasonable efforts to cease actively using the Seller Trademarks in marketing materials by six (6) months after the Closing. Any usage of Seller Trademarks by a Licensee shall be consistent with the practices of the Acquired Companies prior to Closing and any in a manner that does not harm or disparage Seller or its respective Affiliates or the reputation or goodwill of the Seller Trademarks. Licensees shall permanently cease all use of the Seller Trademarks no later than the End-of-Use Date, provided that Licensees may continue to use the Seller Trademarks (i) on internal business records and for other internal uses, (ii) in a neutral, non-trademark manner, including to describe the history of the Business, (iii) as required by applicable Law, (iv) to the extent necessary to perform any contractual obligations of the Business in place as of the Closing Date, or (v) as otherwise would not be trademark infringement or as permitted by "fair use" principles. Licensees agree that the Seller is the sole and exclusive owner of all right, title and interest in the Seller Trademarks and all goodwill associated therewith, and that any use of the Seller Trademarks shall accrue for the benefit of Seller. Any Licensee goods and services provided under the Seller Trademark must be of substantially the same quality as relevant goods and services sold by the Business as of the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Seller, on behalf of itself and its Subsidiaries, hereby grants to the Acquired Companies, Purchaser and each of its or their Affiliates a non-exclusive, worldwide, royalty-free, perpetual, irrevocable, sublicensable, non-transferable (except to Affiliates or in connection with a sale of the Business) license to all Seller Licensed IP for use by the Acquired Companies, Purchaser and its Affiliates solely in connection with the operation of the Business (including natural evolutions thereof).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.20&nbsp;&nbsp;&nbsp;&nbsp;<u>Insurance.</u> Notwithstanding the foregoing or anything to the contrary in this Agreement, with respect to any facts, events, circumstances or occurrences, known or unknown, related to or arising out of the Business, the Transferred Assets or the Continuing Employees to the extent such matters occurred (in whole or in part) at or prior to the Closing that are covered by or

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insured under any occurrence based policies (including self-insurance) or any workers' compensation insurance policies or comparable workers' compensation self-insurance, of Seller or any of its Affiliates, the Parties will cooperate in good faith to enable Purchaser and its Affiliates (including, for the avoidance of doubt, from and after the Closing, the Acquired Companies) to make any insurance claims, to the extent such claims relate to or arise out of facts, events, circumstances or occurrences occurring at or prior to the Closing, under any such policies and programs, and Seller shall, and shall cause its respective Affiliates to, (i) use commercially reasonable efforts to take such actions (at Purchaser's sole expense) as may be reasonably requested by Purchaser or the Acquired Companies in connection with the tendering of such claims to the applicable insurers under such policy or program or the collection of any losses or damages, including special, indirect or punitive damages, to the extent available under such policy or program and to the extent such actions would not directly or indirectly result in any Liability to Seller or its Affiliates and (ii) provide the Acquired Companies or an Affiliate thereof designated in writing by Purchaser with any proceeds it actually recovers with respect to such claims net of any reasonable, third-party documented out of pocket costs of collection, including any deductible or retention. Purchaser shall reimburse Seller for any reasonable out-of-pocket third party fees, costs or expenses related to the foregoing and to the extent any costs or expenses are required to be paid in advance, Purchaser will provide such funds to Seller as a condition to its obligation to undertake any of the foregoing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.21&nbsp;&nbsp;&nbsp;&nbsp;<u>Confidentiality.</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)&nbsp;&nbsp;&nbsp;&nbsp;Seller agrees, on behalf of itself and its Affiliates that, from and after the date of this Agreement until the date that is five (5) years after the Closing Date (except with respect to trade secrets of Purchaser or its Affiliates, the Acquired Companies, or the Business, for so long as such trade secrets remain protectable under applicable Law and, except with respect to confidential information of third parties, for so long as Seller and its Affiliates have an obligation to maintain or not disclose the confidentiality of such confidential information), except as otherwise consented to in writing by Purchaser, all information relating to Purchaser or its Affiliates, the Acquired Companies, the Business or the Transferred Assets, and all Transaction Information provided to Seller or any of its Affiliates (collectively, the "Purchaser Confidential Information") will be kept confidential and will not be used or disclosed by Seller or any of its Affiliates in any manner, in whole or in part, except such Purchaser Confidential Information may be provided on a confidential basis to its advisors and other Representatives who need to know such information who are bound by obligations of confidentiality to Seller, provided, that Seller shall remain liable for any failure of any such recipient to be bound by or abide by any such confidentiality obligation. For purposes of this <u>Section 3.21(a)</u>, "Purchaser Confidential Information" shall not include any information: (A) that is or becomes generally available to the public other than as a result of a disclosure by any Person not otherwise permitted pursuant to this Agreement, (B) to the extent in respect of the Excluded Assets or Excluded Liabilities, (C) generated independently by Seller or its Affiliates after the Closing without use or reference to any Purchaser Confidential Information or (D) of which such Person (or its Affiliates) first learns from sources after the Closing other than Purchaser or its Representatives; provided, that such source is not bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality with respect to such information. Notwithstanding the foregoing, if Seller or its Representatives is required by Law or governmental regulation or by subpoena or other valid legal process of competent jurisdiction to disclose any Purchaser Confidential Information to any Person, then Seller will, to the extent legally permitted, promptly provide Purchaser with written notice of the applicable Law, governmental regulation, subpoena or other valid legal process of competent jurisdiction so that Purchaser may seek a protective order or other appropriate remedy. Seller and its Representatives will, to the extent legally permitted, reasonably cooperate with Purchaser and its Representatives in any attempt by Purchaser to obtain any such protective order or other remedy. If Purchaser elects not to seek, or is unsuccessful in obtaining, any such protective order or other remedy in connection with any requirement that Seller or any Representative of Seller disclose Purchaser Confidential Information or Seller or any such Representative is legally compelled to disclose such Purchaser Confidential Information prior to

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such time, then Seller or such Representative may disclose such Purchaser Confidential Information to the extent required by Law, governmental regulation or by subpoena or other valid legal process of competent jurisdiction; <u>provided</u>, however, that Seller and its Representatives will, to the extent permitted by such Law, governmental regulation, subpoena or other valid legal process of competent jurisdiction, use commercially best efforts to ensure that such Purchaser Confidential Information is treated confidentially by each Person to whom Seller or any of its Representatives discloses such Purchaser Confidential Information. "Transaction Information" means all information regarding the terms of this Agreement and the Transaction 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;From and after the date of this Agreement until the date that is five (5) years after the Closing Date (except with respect to trade secrets of Seller, for so long as such trade secrets remain protectable under applicable Law and, except with respect to confidential information of third parties, for so long as Purchaser and its Affiliates have an obligation to maintain or not disclose the confidentiality of such confidential information), Purchaser agrees, except as otherwise consented to in writing by Seller, all information relating to Seller and its Affiliates (other than in relation to the Business or the Acquired Companies) (collectively, the "Seller Confidential Information") will be kept confidential and will not be used or disclosed by Purchaser or the Acquired Companies in any manner, in whole or in part, except such Seller Confidential Information may be provided on a confidential basis to its advisors and other Representatives who need to know such information who are bound by obligations of confidentiality to Purchaser, <u>provided</u>, that Purchaser shall remain liable for any failure of any such recipient to be bound by or abide by any such confidentiality obligation. For purposes of this <u>Section 3.21(b)</u>, "Seller Confidential Information" shall not include any information: (A) that is or becomes generally available to the public other than as a result of a disclosure by any Person not otherwise permitted pursuant to this Agreement, (B) to the extent in respect of the Transferred Assets or Assumed Liabilities, (C) generated independently by Purchaser or its Affiliates after the Closing without use or reference to any Seller Confidential Information, or (D) of which such Person (or its Affiliates) first learns from sources after the Closing other than Seller or its Representatives; <u>provided</u>, that such source is not bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality with respect to such information. Notwithstanding the foregoing, if Purchaser or its Representatives is required by Law or governmental regulation or by subpoena or other valid legal process of competent jurisdiction to disclose any Seller Confidential Information to any Person, then Purchaser will, to the extent legally permitted, promptly provide Seller with written notice of the applicable Law, governmental regulation, subpoena or other valid legal process of competent jurisdiction so that Purchaser may seek a protective order or other appropriate remedy. Purchaser and its Representatives will, to the extent legally permitted, reasonably cooperate with Seller and its Representatives in any attempt by Seller to obtain any such protective order or other remedy. If Seller elects not to seek, or is unsuccessful in obtaining, any such protective order or other remedy in connection with any requirement that Purchaser or any Representative of Purchaser disclose Seller Confidential Information or Purchaser or any such Representative is legally compelled to disclose such Seller Confidential Information prior to such time, then Purchaser or such Representative may disclose such Seller Confidential Information to the extent required by Law, governmental regulation or by subpoena or other valid legal process of competent jurisdiction; <u>provided</u>, however, that Purchaser and its Representatives will, to the extent permitted by such Law, governmental regulation, subpoena or other valid legal process of competent jurisdiction, use commercially best efforts to ensure that such Seller Confidential Information is treated confidentially by each Person to whom Purchaser or any of its Representatives discloses such Seller Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.22&nbsp;&nbsp;&nbsp;&nbsp;<u>Restrictive Covenants.</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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Disparagement</u>. From and after the Closing until the date that is five (5) years after the Closing Date: (x) Seller covenants and agrees that it shall not, and shall cause its controlled Affiliates not to, and shall direct the officers and directors of Seller and its controlled

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Affiliates not to, directly or indirectly publicly make or publish, or knowingly solicit or knowingly encourage others to publicly make or publish, any derogatory statement or communication about the Acquired Companies or Purchaser or any of their Affiliates or the Business and (y) Purchaser covenants and agrees that it shall not, and shall cause its controlled Affiliates not to, and shall direct the officers and directors of Purchaser and its controlled Affiliates not to, directly or indirectly publicly make or publish, or knowingly solicit or knowingly encourage others to publicly make or publish, any derogatory statement or communication about Seller or its Affiliates; <u>provided</u>, that, in each case, such restriction shall not prohibit truthful testimony compelled by Order or applicable Laws, including any statements or communications required to be made under applicable corporate or securities Laws, or the dissemination of any other truthful information.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Competition</u>. Seller acknowledges and agrees that Purchaser and its Affiliates would be irreparably damaged if Seller or its Affiliates were to engage in a Competing Business and that any such competition by Seller or its Affiliates would result in a significant loss of goodwill by Purchaser and its Affiliates. Seller further acknowledges and agrees that the covenants and agreements set forth in this <u>Section 3.22(b)</u> were a material inducement to Purchaser to enter into this Agreement and to perform its obligations hereunder, and that Purchaser would not obtain the benefit of the bargain set forth in this Agreement, as specifically negotiated by the Parties, if Seller breached the provisions of this <u>Section 3.22(b)</u>. In further consideration of the amounts to be paid hereunder for the Acquired Companies, the Transferred Assets and the goodwill of the Business sold by Seller, except with the prior written consent of Purchaser, at all times until five (5) years following the Closing Date, Seller will not, and, subject to <u>Section 3.22(b)</u>, will cause its Affiliates not to, engage in a Competing Business in the Restricted Territory or own, manage, operate or control any Person that engages in a Competing Business. Notwithstanding the foregoing, the Parties agree that the provisions of this <u>Section 3.22(b)</u> do not apply or restrict in any way Seller and its Affiliates from (i) owning Equity Interests of a business entity that engages in a Competing Business not in excess of five percent (5%) of any class of such securities, in each case on a passive basis for investment purposes only or (ii) engaging in the real estate staffing business (i.e., property management) and providing professional and/or executive search services in connection with the real estate staffing business. Seller acknowledges that the Business has been conducted or is presently proposed to be conducted in the Restricted Territory and that the restrictions set forth in this Agreement are reasonable and necessary to protect the goodwill of the Business being sold by Seller and its Affiliates 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Solicitation</u>. Seller agrees that from and after the Closing Date until the fifth (5th) anniversary of the Closing Date, it shall not, and shall cause its Affiliates not to, directly or indirectly, (A) solicit, recruit, induce or encourage or attempt to solicit, recruit or encourage any Business Employee to leave the employ of Purchaser or any of its Affiliates (including, from and after the Closing, the Acquired Companies), (B) hire, employ or otherwise engage any Business Employee or (C) in any other way intentionally adversely interfere with the relationship between Purchaser and its Affiliates, on the one hand, and any Business Employee, on the other; <u>provided</u>, <u>however</u>, that the foregoing shall not prohibit (i) soliciting by Seller or its Affiliates by general advertisements or other general recruitment techniques in the ordinary course of business consistent with past practice so long as such advertisements or techniques are not directed at any such employee or group of such employees and hiring any Person (other than any management-level Business Employee) who responds to such general advertisement or techniques or (ii) Seller or any of its Affiliates from hiring or engaging any Business Employee after the date that is (x) six (6) months following the date of such individual's termination of employment by Purchaser or its Affiliates without cause and (y) twelve (12) months following the date of such individual's termination of employment (other than a termination in connection with the foregoing clause (x)), in each case, so long as such individual was not solicited, recruited, induced or encouraged in violation of this <u>Section 3.22(c)</u>.

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&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)&nbsp;&nbsp;&nbsp;&nbsp;If the final judgment of a court of competent jurisdiction (in accordance with <u>Section 7.5</u>) declares that any term or provision set forth in this <u>Section 3.22</u> is invalid or unenforceable, the Parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope, duration or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this <u>Section 3.22</u> shall be enforceable as so modified after the expiration of the time within which the judgment may be appealed. The Parties intend that the agreements, covenants and obligations set forth in this <u>Section 3.22</u> shall be deemed to be a series of separate covenants, one for each county or province of each and every state, commonwealth, territory or jurisdiction of each county or province anywhere in the world and one for each month of the five (5) year period following the Closing Date or other applicable period of time (if any), as applicable. In the event of a breach or violation of any of the covenants, agreements or obligations in this <u>Section 3.22</u>, the period applicable to such breached or violated covenants, agreements or obligations shall be tolled until such breach or violation has been duly cured, to the extent such breach or violation is curable. For the avoidance of doubt, the terms set forth in <u>Section 7.5(c)</u> shall be applicable to any breach or threatened breach of any term or provision in this <u>Section 3.22</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.23&nbsp;&nbsp;&nbsp;&nbsp;<u>Proxy Statement; Other Required SEC Filings.</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)&nbsp;&nbsp;&nbsp;&nbsp;Promptly (but in no event later than twenty (20) Business Days) following the date hereof, Seller will (with the reasonable assistance and cooperation of Purchaser as reasonably requested by the Seller) prepare and file with the SEC a preliminary proxy statement (as amended or supplemented, the "<u>Proxy Statement</u>") relating to the Seller Stockholder Meeting. Except as otherwise expressly permitted by <u>Section 3.13(d)</u>, Seller must include the Seller Board Recommendation in the Proxy Statement. If Seller determines that it is required to file any document other than the Proxy Statement with the SEC in connection with the Transaction pursuant to applicable Law (such document, as amended or supplemented, an "<u>Other Required Filing</u>"), then Seller will (with the reasonable assistance and cooperation of Purchaser as reasonably requested by the Seller) promptly prepare and file such Other Required Filing with the SEC. Seller will use its commercially reasonable efforts to cause the Proxy Statement and any Other Required Filing to comply in all material respects with the applicable requirements of the Exchange Act and the rules of the SEC and the NYSE. Seller will not file the Proxy Statement or any Other Required Filing with the SEC without first providing Purchaser and its counsel a reasonable opportunity to review and comment thereon, and Seller will give due consideration to all reasonable additions, deletions or changes suggested thereto by Purchaser or its counsel. On the date of filing, the date of mailing to the stockholders of Seller (if applicable) and at the time of the Seller Stockholder Meeting, neither the Proxy Statement nor any Other Required Filing will contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they are made, not false or misleading. Notwithstanding the foregoing, no covenant is made by Seller with respect to any information supplied by Purchaser or any of its Affiliates for inclusion or incorporation by reference in the Proxy Statement or any Other Required Filing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Purchaser will furnish all information concerning it and its Affiliates, if applicable, as Seller may reasonably request in connection with the preparation and filing with the SEC of the Proxy Statement and any Other Required Filing. If at any time prior to the Seller Stockholder Meeting any information relating to Seller, Purchaser or any of their respective Affiliates should be discovered by Seller, on the one hand, or Purchaser, on the other hand, that should be set forth in an amendment or supplement to the Proxy Statement or any Other Required Filing, as the case may be, so that such filing would not include any misstatement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, then the Party that discovers such information will promptly notify the other, and an appropriate amendment or

298078281.4 ------

supplement to such filing describing such information will be promptly prepared and filed with the SEC by the appropriate Party and, to the extent required by applicable Law or the SEC or its staff, disseminated to the stockholders of Seller.

&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)*&nbsp;&nbsp;&nbsp;&nbsp;Consultation Prior to Certain Communications*. Seller and its Subsidiaries, on the one hand, and Purchaser and its Affiliates, on the other hand, may not communicate in writing with the SEC or its staff with respect to the Proxy Statement or any Other Required Filing, as the case may be, without first providing the other Party a reasonable opportunity to review and comment on such written communication, and each Party will give due consideration to all reasonable additions, deletions or changes suggested thereto by the other Parties or their respective counsel.

&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)*&nbsp;&nbsp;&nbsp;&nbsp;Notices*. Seller will advise Purchaser promptly after it receives notice thereof of any receipt of a request by the SEC or its staff for (i) any amendment or revisions to the Proxy Statement or any Other Required Filing; (ii) any receipt of comments from the SEC or its staff on the Proxy Statement or any Other Required Filing; or (iii) any receipt of a request by the SEC or its staff for additional information in connection therewith.

&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)*&nbsp;&nbsp;&nbsp;&nbsp;Dissemination of Proxy Statement*. Seller shall, following the filing of the Proxy Statement with the SEC and confirmation from the SEC that it will not review, or that it has completed its review of, the Proxy Statement, as promptly as reasonably practicable (and in no event later than ten (10) calendar days) after the date on which Seller is informed that the SEC does not intend to review the Proxy Statement or has no further comments thereon, (i) mail or cause to be mailed the Proxy Statement (including a form of proxy) in definitive form to Seller's stockholders in accordance with applicable Laws, SEC rules and Seller's Organizational Documents and (ii) subject to applicable Laws and SEC rules take all other action necessary under all applicable Laws and SEC rules, Seller's Organizational Documents and the rules of the NYSE to duly call, give notice of, convene and hold Seller Stockholder Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.24&nbsp;&nbsp;&nbsp;&nbsp;<u>Seller Stockholder Meeting.</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)&nbsp;&nbsp;&nbsp;&nbsp;Subject to the provisions of this Agreement, Seller will take all action necessary in accordance with the DGCL, the Exchange Act, Seller's Organizational Documents and the rules of the NYSE to establish a record date for (it being understood that Seller may not change the record date more than one time pursuant to this clause (a) without Purchaser's prior written consent, which will not be unreasonably withheld, conditioned, or delayed) and, duly call, give notice of, convene and hold a meeting of its stockholders (the "<u>Seller Stockholder Meeting</u>"), in each case, as promptly as reasonably practicable following the mailing of the Proxy Statement to the stockholders of Seller for the purpose of obtaining the Requisite Stockholder Approval. As promptly as practicable after the date of this Agreement (and upon the reasonable request of Purchaser), Seller shall conduct a "broker search" in accordance with Rule 14a-13 of the Exchange Act assuming that, for such purposes only, the record date of the Seller Stockholder Meeting will be twenty (20) Business Days after the date the broker search is conducted. Notwithstanding anything to the contrary in this Agreement, Seller will not be required to convene and hold the Seller Stockholder Meeting at any time prior to the date that is thirty (30) days (or such shorter time period as permitted by applicable SEC rules) following the mailing of the Proxy Statement to the stockholders of Seller. Subject to <u>Section 3.13(d)</u> and unless there has been a Seller Board Recommendation Change, Seller will use its commercially reasonable efforts to solicit proxies to obtain the Requisite Stockholder Approval.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, nothing will prevent Seller from postponing or adjourning the Seller Stockholder Meeting: (i) without limiting Purchaser's rights pursuant to the penultimate sentence of this subsection (b), if on a date for which the Seller Stockholder Meeting is scheduled, Seller has not received proxies and there are not

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holders of common stock of Seller present in person representing a sufficient number of shares of Seller common stock to constitute a quorum and to obtain the Requisite Stockholder Approval, in which case Seller may postpone or adjourn the Seller Stockholder Meeting for a reasonable period of time to allow additional solicitation of votes in order to obtain the Requisite Shareholder Approval (it being understood that Seller may not postpone or adjourn the Seller Stockholder Meeting more than two times pursuant to this clause (i) without Purchaser's prior written consent, which shall not be unreasonably withheld, conditioned or delayed); (ii) if there are holders of an insufficient number of shares of Seller Common Stock present or represented by proxy at the Seller Stockholder Meeting to constitute a quorum at the Seller Stockholder Meeting (it being understood that Seller may not postpone or adjourn the Seller Stockholder Meeting more than two times pursuant to this clause (ii) without Purchaser's prior written consent, which will not be unreasonably withheld, conditioned, or delayed); or (iii) Seller is required to postpone or adjourn the Seller Stockholder Meeting by applicable Law, order or a request from the SEC or its staff. If requested by Purchaser on up to three separate occasions in order to allow additional time for the solicitation of votes in order to obtain the Requisite Stockholder Approval, Seller shall postpone or adjourn the meeting or up to ten (10) Business Days each such occasion. Without the prior written consent of Purchaser (which will not be unreasonably withheld, conditioned or delayed), the Seller Stockholder Meeting will not be postponed or adjourned by more than ten (10) Business Days for each event giving rise to such a postponement or adjournment.

**ARTICLE IV**

**<u>CONDITIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Each Party's Obligation to Effect the Transactions</u>. The respective obligation of each Party to effect the Transaction is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (which may be waived, in whole or in part, to the extent permitted by Law, by the mutual written consent of Seller and Purchaser):

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Orders; Law</u>. No Governmental Entity of competent jurisdiction shall have issued, enacted, promulgated, or entered any Law or Order (whether temporary, preliminary, or permanent) that is in effect and restrains, enjoins, makes illegal or otherwise prohibits 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;<u>Requisite Stockholder Approval</u>. Seller shall have received the Requisite Stockholder Approval at the Seller Stockholder Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Obligations of Purchaser</u>. The obligations of Purchaser to effect the Transaction are further subject to the satisfaction or waiver on or prior to the Closing of each of the following conditions (which may be waived, in whole or in part, by written consent of Purchaser):

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Representations and Warranties</u>. (i) The representations and warranties of Seller contained in <u>Section 2.1</u> (other than the Fundamental Representations and Warranties) shall be true and correct in all respects, determined without regard to any qualification as to materiality, "Material Adverse Effect," or similar qualifiers at and as of the date hereof and the Closing (as if made at and as of the Closing) (other than any such representations and warranties that by their terms address matters only at and as of another specified time, which shall be true and correct in all respects only at and as of such time), except, in each case of this subsection (i) where the failure of such representations and warranties to be true and correct would not have a Material Adverse Effect; (ii) the Fundamental Representations (other than those set forth in <u>Section 2.1(b)</u>) (x) that are qualified by materiality, "Material Adverse Effect" or similar qualifiers shall be true and correct in all respects, at and as of the date hereof and the Closing (as if made at and as of the Closing) (other than any such representations and warranties that by their terms address matters only at and as of another specified time, which shall be true and correct in all respects only at and as of such

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time) and (y) that are not qualified materiality, "Material Adverse Effect," or similar qualifiers shall be true and correct in all material respects, at and as of the date hereof and the Closing (as if made at and as of the Closing) (other than any such representations and warranties that by their terms address matters only at and as of another specified time, which shall be true and correct in all material respects only at and as of such time) and (iii) the representations and warranties set forth in <u>Section 2.1(b)</u> shall be true and correct in all respects (other than de minimis inaccuracies), at and as of the date hereof and the Closing (as if made at and as of the Closing).

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Performance of Obligations</u>. BG F&A, BGSF Professional, and Seller shall have performed or complied in all material respects with all their respective obligations, agreements, and covenants required to be performed by them under this Agreement at or prior to the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>No Material Adverse Effect</u>. Since the date hereof, there shall not have occurred a Material Adverse Effect.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Certificates</u>. Purchaser shall have received a certificate of Seller certifying that the conditions set forth in <u>Section 4.2(a)</u>, <u>(b)</u>, and <u>(c)</u> have been satisfied.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Payoff Letters</u>. Payoff letters, including, if applicable, security interest releases for recordation at the United States Patent and Trademark Office, or any other similar domestic or foreign office or agency for Business Intellectual Property, in form reasonably acceptable to Purchaser, issued by each holder of Indebtedness set forth on <u>Section 1.10</u> of the Disclosure Letter not earlier than five (5) Business Days prior to the Closing Date, which sets forth (A) the amount required to repay in full all Indebtedness owed to such holder on the Closing Date, (B) the wire transfer instructions for the repayment of such Indebtedness to such holder, and (C) a release of all Liens granted by the Acquired Companies or with respect to the Transferred Assets to such holder or otherwise arising with respect to such Indebtedness, including the release and termination of any guarantees of such Indebtedness, effective upon repayment of such Indebtedness (collectively, the "Payoff Letters").

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Transaction Invoices</u>. Invoices issued by each creditor of Transaction Expenses not earlier than five (5) Business Days prior to the Closing Date, which sets forth (A) the amounts required to pay in full all Transaction Expenses owed to such creditor on the Closing Date and (B) the wire transfer instructions for the payment of such Transaction Expenses to such creditor (collectively, the "Transaction Invoices").

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Escrow Agreement</u>. Purchaser shall have received the Escrow Agreement, duly executed by Seller.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Transition Services Agreement</u>. Purchaser shall have received the Transition Services Agreement, duly executed by Seller.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Bill of Sale, Assignment and Assumption Agreement; Austin Lease Transfer</u>. Purchaser shall have consummated (x) the Pre-Closing Restructuring pursuant to the Bill of Sale, Assignment and Assumption Agreement, which shall be duly executed by Seller and its Affiliates holding Transferred Assets or Assumed Liabilities and (y) the assignment and assumption contemplated by Section 1.2(c) shall have been consummated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Conditions to Obligations of Seller</u>. The obligation of Seller to effect the Transaction is further subject to the satisfaction on or prior to the Closing of the following conditions (which may be waived, in whole or in part, by written consent of Seller):

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&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Representations and Warranties</u>. The representations and warranties of Purchaser contained in <u>Section 2.2</u> shall be true and correct in all respects (other than de minimis inaccuracies), in each case, at and as of the date hereof and the Closing (as if made at and as of the Closing) (other than any such representations and warranties that by their terms address matters only at and as of another specified time, which shall be true and correct in all respects (other than de minimis inaccuracies) only at and as of such time), except where the failure of such representations and warranties to be true and correct would not have a material adverse effect on Purchaser's ability to consummate 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;<u>Performance of Obligations of Purchaser</u>. Purchaser shall have performed or complied in all material respects with all obligations, agreements, and covenants required to be performed by it under this Agreement at or prior to the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Certificate</u>. Seller shall have received a certificate of an authorized officer of Purchaser certifying that the conditions set forth in <u>Section 4.3(a)</u> and <u>Section 4.3(b)</u> have been satisfied.

&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)&nbsp;&nbsp;&nbsp;&nbsp;<u>Escrow Agreement</u>. Seller shall have received the Escrow Agreement, duly executed by Purchaser and Escrow 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;<u>Transition Services Agreement</u>. Seller shall have received the Transition Services Agreement, duly executed by Purchaser.

**ARTICLE V**

**<u>TERMINATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1&nbsp;&nbsp;&nbsp;&nbsp;<u>Termination</u>. This Agreement may be terminated and the transactions contemplated by this Agreement may be abandoned at any time prior to the Closing:

&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)&nbsp;&nbsp;&nbsp;&nbsp;by mutual written consent of Purchaser and Seller;

&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)&nbsp;&nbsp;&nbsp;&nbsp;by either Purchaser or Seller, upon written notice to the other, if any Governmental Entity of competent jurisdiction shall have enacted, enforced, issued, promulgated, or entered any Law or Order permanently restraining, enjoining, making illegal or otherwise prohibiting consummation of the Transaction (and, if an Order, such Order shall become final and non-appealable); provided, that, the right to terminate this Agreement pursuant to this Section 5.1(b) shall not be available to any Party if such Party is in breach of, or has breached, in any material respect, any of its obligations under this Agreement, which such breach has proximately caused the imposition of such Law or Order or the failure of such Law or Order to be resisted, resolved, or lifted;

&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)&nbsp;&nbsp;&nbsp;&nbsp;by either Purchaser or Seller, upon written notice to the other, if the Closing shall not have been consummated by November 10, 2025 (the "Termination 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;by Seller, upon written notice from Seller to Purchaser, if there has been a breach of any representation, warranty, covenant, or agreement made by Purchaser in this Agreement, or any such representation or warranty shall have become untrue after the date of this Agreement, such that such breach or failure to perform would give rise to the failure of a condition set forth in Section 4.3(a) or Section 4.3(b) or such breach would otherwise cause a failure of the Closing to occur; provided, that, in the event that such breach or condition is curable, Seller shall not have the right to terminate this Agreement pursuant to this Section 5.1(d) until the earliest to occur of (i) thirty (30) days after written notice thereof is given by Seller to Purchaser and (ii) two (2) Business Days prior to the Termination Date; provided, further, that Seller shall not have the right to terminate this Agreement pursuant to this Section 5.1(d) if Purchaser has the right to terminate this Agreement pursuant to Section 5.1(e);

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&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)&nbsp;&nbsp;&nbsp;&nbsp;by Purchaser, upon written notice from Purchaser to Seller, if there has been a breach of any representation, warranty, covenant, or agreement made by the Acquired Companies or Seller in this Agreement, or any such representation or warranty shall have become untrue after the date of this Agreement, such that such breach or failure to perform would give raise to the failure of a condition set forth in Section 4.2(a) or Section 4.2(b) or such breach would otherwise cause a failure of the Closing to occur; provided, that, in the event that such breach or condition is curable, Purchaser shall not have the right to terminate this Agreement pursuant to this Section 5.1(e) until the earliest to occur of (i) thirty (30) days after written notice thereof is given by Purchaser to Seller and (ii) two (2) Business Days prior to the Termination Date; provided, further, that Purchaser shall not have the right to terminate this Agreement pursuant to this Section 5.1(e) if Seller has the right to terminate this Agreement pursuant to Section 5.1(d);

&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)&nbsp;&nbsp;&nbsp;&nbsp;by either Purchaser or Seller, upon written notice to the other, if Seller fails to obtain the Requisite Stockholder Approval at the Seller Stockholder Meeting (or any adjournment or postponement thereof) at which a vote is taken on the approval of the Transaction, except that the right to terminate this Agreement pursuant to this Section 5.1(f) will not be available to any Party whose action or failure to act (which action or failure to act constitutes a breach by such Party of this Agreement) has been the primary cause of, or primarily resulted in, the failure to obtain the Requisite Stockholder Approval at the Seller Stockholder Meeting (or any adjournment or postponement 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;(g)&nbsp;&nbsp;&nbsp;&nbsp;by Purchaser, upon written notice to Seller, if at any time prior to the receipt of the Requisite Stockholder Approval, the Seller Board (or a committee thereof) has effected a Seller Board Recommendation Change;

&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)&nbsp;&nbsp;&nbsp;&nbsp;by Seller, upon written notice to Purchaser, at any time prior to receiving the Requisite Stockholder Approval if (i) Seller has received a Superior Proposal; (ii) the Seller Board (or a committee thereof) has authorized Seller to enter into an Alternative Acquisition Agreement to consummate the Acquisition Transaction contemplated by such Superior Proposal; (iii) Seller has complied in all material respects with Section 3.13; and (iv) concurrently with such termination Seller pays the Seller Termination Fee due to Purchaser in accordance with Section 5.3; 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;by Seller, upon written notice to Purchaser, if (i) all of the conditions set forth in Section 4.1 and Section 4.2 have been satisfied or waived (other than those conditions to be satisfied at Closing), each of which shall have been capable of being satisfied (and would have been satisfied) at the Closing if the Closing Date were the date the Closing should have occurred pursuant to Section 1.7, (ii) after the occurrence of clause (i), the Seller has irrevocably confirmed in writing to Purchaser that (A) all conditions set forth in Section 4.1 and Section 4.2 have been satisfied or waived (other than those conditions to be satisfied at the Closing) and (B) the Seller will consummate the Closing in accordance with the terms of this Agreement and (iii) Purchaser fails to consummate the Closing on or prior to the date that is three (3) Business Days after the date of such irrevocable confirmation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Effect of Termination and Abandonment</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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary in this Agreement, in the event of the valid termination of this Agreement pursuant to Section 5.1, this Agreement shall forthwith become void and of no effect and there shall be no liability or obligation on the part of any Party (or any direct or indirect equity holder, stockholder, partner, controlling person, member, manager, director, officer, Affiliate, or Representative of such Party or such Party's Affiliates or any of the foregoing's successors and assigns) or any Equity Financing Source or Debt Financing Source, except as provided in Section 3.4 (Publicity), this Section 5.2, Section 5.3 (Seller Payments), Article VII (Miscellaneous; General) (other than Section 7.1 (Release), Section 7.5(c) (Specific Performance)

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and Section 7.12 (Transfer Taxes)), and Section 3.21 (Confidentiality) solely with respect to Purchaser Confidential Information and Seller Confidential Information, as applicable, disclosed prior to termination of this Agreement and the Confidentiality Agreement (including any related defined terms), each of which shall survive in accordance with its terms; provided, that, subject to Section 5.2(b), Section 5.2(c), Section 5.3(f) and Section 5.3(g), no such termination shall relieve any Party of any liability resulting from such Party's Fraud occurring prior to the termination of this Agreement or Willful Breach. For the purpose of this Agreement, "Willful Breach" means a material breach of any material representation or warranty set forth herein or any material breach or material failure to perform any of the covenants or other agreements contained in this Agreement, in each case, that is a consequence of a voluntary and intentional act or failure to act by the breaching or non-performing Party with actual knowledge that such Party's act or failure to act would constitute a breach of or failure of performance under this Agreement. For the avoidance of doubt, no party hereto shall have any claims nor may such party exercise any rights or remedies against any Debt Financing Source under this Agreement or any Transaction Agreement, the transactions contemplated hereby or thereby, the termination of this Agreement, the failure to consummate the transactions contemplated hereby or any claims or actions (whether tort, contract or otherwise) under applicable Law or equity arising out of such breach, termination or failure (other than any rights the Purchaser may have under or arising out of the Debt Financing Commitment Letter, which shall be governed solely by the Debt Financing Documents).

&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)&nbsp;&nbsp;&nbsp;&nbsp;If this Agreement is terminated by Seller pursuant to Section 5.1(d) or Section 5.1(i), then Purchaser shall pay or cause to be paid promptly (and in any event within two Business Days) to Seller an amount equal to $4,950,000 (the "Purchaser Termination Fee") in accordance with this Section 5.2(b); provided, however, that Purchaser may, in its sole election, settle any Proceeding from or relating to this Agreement or the transactions contemplated hereby (including with respect to an alleged failure to consummate the Closing when required hereunder) by agreeing to and subsequently consummating the Closing (and the Seller shall cooperate with Purchaser to effect the Closing), and thereafter none of Purchaser or its Affiliates or other Purchaser Related Parties shall have any Liability or other obligation to Seller or any of its Affiliates relating or arising with respect to any alleged breach of this Agreement, any purported termination of this Agreement, the failure to consummate the transactions contemplated hereby at any earlier point in time or any Proceeding arising out of any such termination of failure; provided, further that if Purchaser elects to consummate the Closing as set forth in the foregoing proviso (as opposed to paying the Purchaser Termination Fee), Purchaser will at such Closing reimburse the Seller for Seller's reasonable and documented out-of-pocket costs and expenses (including reasonable and documented attorneys' fees) incurred in connection with such Proceeding in an amount of up to $500,000 in the aggregate. In the event Purchaser does not pay the Purchaser Termination Fee within such two (2) Business Day period when due and payable, Purchaser acknowledges that Seller shall be entitled to draw upon the Guaranty for payment of the Purchaser Termination Fee. The Parties acknowledge and agree that in no event will Purchaser be required to pay more than one termination fee, or be required to pay the Purchaser Termination Fee on more than one occasion, whether or not the Purchaser Termination Fee may be payable pursuant to more than one provision of this Agreement at the same or at different times and upon the occurrence of different 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, in the event that this Agreement is terminated prior to the Closing pursuant to Section 5.1 in a situation in which the Purchaser Termination Fee is payable pursuant to Section 5.2(b) and subject to the proviso in Section 5.2(b), Seller's receipt of the Purchaser Termination Fee to the extent owed (together with any amount due and payable (and fully paid) pursuant to Section 5.3(f)) will be the sole and exclusive remedy of the Seller, its Affiliates, and the Seller Related Parties against (A) Purchaser and its Affiliates; and (B) the former, current and future holders of any equity, controlling persons, directors, officers, employees, agents, attorneys, Affiliates, members, managers, general or limited partners, stockholders and successors, heirs and assignees of Purchaser and its Affiliates (the Persons in clauses (A) and (B) collectively, the "Purchaser Related Parties") in respect of this

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Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and upon payment of such amount, none of the Purchaser Related Parties will have any further liability or obligation to the Seller, its Affiliates, or any Seller Related Party in respect of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and none of Seller, its Affiliates, the Seller Related Parties, or any other Person will be entitled to bring or maintain any claim, action or proceeding against Purchaser or any Purchaser Related Party arising out of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and the Seller covenants and agrees that is shall not institute, and shall cause its Affiliates and the Seller Related Parties to not institute, any such claims, actions, or proceedings. Notwithstanding anything to the contrary in this Agreement or any other agreement or otherwise, and subject to the Seller's right to seek specific performance pursuant to, and solely to the extent provided in Section 7.5(c), the Seller's right to terminate this Agreement and receive payment of the Purchaser Termination Fee pursuant to Section 5.2(b) (together with any amount due and payable (and fully paid) pursuant to Section 5.3(f)) will be the sole and exclusive remedy of the Seller, its Affiliates, and the Seller Related Parties against Purchaser or the Purchaser Related Parties for the failure of the transactions contemplated hereby to be consummated, and except for the payment of the Purchaser Termination Fee (together with any amount due and payable (and fully paid) pursuant to Section 5.3(f)), only to the extent due and payable, by Purchaser or the Guarantors pursuant to the Limited Guaranty, none of Purchaser or the Purchaser Related Parties will have any liability or obligation in respect of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and in no event will any of the Seller or the Seller Related Parties or any other Person (and each of them agrees to not, and to cause their respective equityholders and Affiliates not to) seek to recover any monetary damages other than against Purchaser or the Guarantors for payment for the Purchaser Termination Fee (together with any amount due and payable (and fully paid) pursuant to Section 5.3(f)), if and when due. For the avoidance of doubt and notwithstanding anything to the contrary, in no event shall the Seller or its Affiliates be entitled to receive both a grant of specific performance that results in the occurrence of the Closing and any monetary damages, including the Purchaser Termination Fee. The Parties acknowledge and agree that the agreements contained in Section 5.2(b) and this Section 5.2(c) are an integral part of the Transaction, and that, without these agreements, the Parties would not enter into this Agreement. Each of the Parties acknowledges that the Purchaser Termination Fee does not constitute a penalty, but rather shall constitute liquidated damages in a reasonable amount that will compensate Seller for the disposition of its rights under this Agreement in the circumstances in which such amounts are due and payable, which amounts would otherwise be impossible to

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calculate with precision. The Purchaser Related Parties shall be third-party beneficiaries of this Section 5.2(c)).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Seller Payments</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)&nbsp;&nbsp;&nbsp;&nbsp;If (A) (1) this Agreement is validly terminated by Purchaser or Seller pursuant to Section 5.1(c) or Section 5.1(f) or (2) Purchaser validly terminates this Agreement pursuant to Section 5.1(e), (B) after the date hereof and prior to the date of such termination (except in the case of termination pursuant to Section 5.1(f), in which case prior to the Seller Stockholder Meeting) an Acquisition Proposal is publicly disclosed (whether by Seller or a third-party) or otherwise made known to the Seller Board or the stockholders of Seller, and in each case, is not publicly withdrawn or otherwise abandoned prior to (x) the date of the Seller Stockholder Meeting (in the case of any such termination of this Agreement pursuant to Section 5.1(f)) or (y) the date of any such termination of this Agreement (in the case of any such termination of this Agreement pursuant to Section 5.1(c) or Section 5.1(e)), and (C) within twelve (12) months of any such termination, an Acquisition Proposal is consummated or a definitive agreement in respect of an Acquisition Proposal is entered into, then Seller will, concurrently with the earlier of the consummation of such an Acquisition Proposal and the entry into a definitive agreement in respect of an Acquisition Proposal, pay to Purchaser (as directed by Purchaser) an amount equal to $2,970,000, minus any amount previously paid by Seller pursuant to Section 5.3(d), if any, in cash (the "Seller Termination Fee"). For purposes of this Section 5.3(a), all references to "twenty percent (20%)" and "eighty percent (80%)" in the definition of "Acquisition Proposal" will each be deemed to be references to "fifty percent (50%)".

&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)&nbsp;&nbsp;&nbsp;&nbsp;If this Agreement is validly terminated pursuant to Section 5.1(g), then Seller must promptly (and in any event within two Business Days) following such termination pay or cause to be paid to Purchaser (as directed by Purchaser) the Seller Termination Fee.

&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)&nbsp;&nbsp;&nbsp;&nbsp;If this Agreement is validly terminated pursuant to Section 5.1(h), then Seller must prior to or concurrently with such termination pay or cause to be paid to Purchaser (as directed by Purchaser) the Seller Termination Fee.

&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)&nbsp;&nbsp;&nbsp;&nbsp;If this Agreement is validly terminated pursuant to Section 5.1(f), then Seller shall reimburse Purchaser for its reasonable and documented third party out-of-pocket transaction expenses incurred in connection with the negotiation of the transactions contemplated hereby within five (5) Business Days after the later of such termination or Purchaser's provision to Seller of a schedule, together with supporting documentation, of all such expenses; provided, however, in no event shall any such reimbursement of transaction expenses exceed $3,000,000).

&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)&nbsp;&nbsp;&nbsp;&nbsp;Single Payment Only. The Parties acknowledge and agree that in no event will Seller be required to pay more than one termination fee, collectively, or be required to pay the Seller Termination Fee on more than one occasion, whether or not the Seller Termination Fee may be payable pursuant to more than one provision of this Agreement at the same or at different times and upon the occurrence of different 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;Payments; Default. The Parties acknowledge that the agreements contained in this Section 5.3 are an integral part of the Transaction, and that, without these agreements, the Parties would not enter into this Agreement. Each of the Parties acknowledges that the Purchaser Termination and the Seller Termination Fee do not constitute a penalty, but rather shall constitute liquidated damages in a reasonable amount that will compensate Seller or Purchaser, as applicable, for the disposition of its rights under this Agreement in the circumstances in which such amounts are due and payable, which amounts would otherwise be impossible to calculate with precision. Accordingly, if Purchaser or the Seller fails to promptly pay any amount due pursuant to Sections 5.2 or 5.3 and, in order to obtain such payment, Seller or the Purchaser commences a Proceeding

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that results in a judgment against Purchaser or the Seller, as applicable, for the amount set forth in this Sections 5.2 or 5.3 or any portion thereof, Purchaser will pay to the Seller, and Seller will pay to Purchaser, as applicable, its reasonable and documented out-of-pocket costs and expenses (including reasonable and documented attorneys' fees) in connection with such legal proceeding, together with interest on such amount or portion thereof due pursuant to this Section 5.3 at the annual rate of 2% plus the prime rate as published in The Wall Street Journal in effect on the date that such payment or portion thereof was required to be made through the date that such payment or portion thereof was actually received, or a lesser rate that is the maximum permitted by applicable Law; provided, that in no event shall such costs, expenses and interest exceed $500,000 in the aggregate. All payments under Section 5.2 or under this Section 5.3 shall be made by Purchaser to Seller (as directed by Seller), or by Seller to Purchaser (as directed by Purchaser), as applicable, by wire transfer of immediately available funds.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything to the contrary contained in this Agreement, in the event that this Agreement is terminated prior to the Closing pursuant to Section 5.1 in a situation in which the Seller Termination Fee is payable pursuant to Section 5.3, Purchaser's receipt of the Seller Termination Fee to the extent owed (together with any amounts due and payable (and fully paid) pursuant to Section 5.3(f)) will be the sole and exclusive remedies of the Purchaser, its Affiliates, and the Purchaser Related Parties against (A) Seller and its Affiliates; and (B) the former, current and future holders of any equity, controlling persons, directors, officers, employees, agents, attorneys, Affiliates, members, managers, general or limited partners, stockholders and successors, heirs and assignees of Seller and its Affiliates (the Persons in clauses (A) and (B) collectively, the "Seller Related Parties") in respect of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and upon payment of such amount (together with any amounts due and payable pursuant to Section 5.3(f)), none of the Seller Related Parties will have any further liability or obligation to the Purchaser, its Affiliates, or any Purchaser Related Party in respect of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and none of Purchaser, its Affiliates, the Purchaser Related Parties, or any other Person will be entitled to bring or maintain any claim, action or proceeding against Seller or any Seller Related Party arising out of this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements or the transactions contemplated hereby or thereby (or the abandonment, termination or frustration thereof), the failure of any of the transactions contemplated by this Agreement, the Transaction Agreements or any other agreement or instrument entered into in connection with this Agreement or the Transaction Agreements to be consummated or any matters forming the basis for any such failure, and the Purchaser covenants and agrees that is shall not institute, and shall cause its Affiliates and the Purchaser Related Parties to not institute, any such claims, actions, or proceedings. The Parties acknowledge and agree that the agreements contained in Section 5.3 are an integral part of the transactions contemplated by this Agreement and without these agreements, the Parties would not have entered into this Agreement. For the avoidance of doubt and notwithstanding anything to the contrary, in no event shall the Purchaser or its Affiliates be entitled to receive both a grant of specific performance that results in the occurrence of the Closing and any monetary damages, including the Seller Termination Fee. Each of the Parties acknowledges that the Seller Termination Fee does not constitute a penalty, but rather shall constitute liquidated damages in a reasonable amount that will

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compensate Purchaser for the disposition of its rights under this Agreement in the circumstances in which such amounts are due and payable, which amounts would otherwise be impossible to calculate with precision. The Seller Related Parties shall be third-party beneficiaries of this Section 5.3(g)).

**ARTICLE VI**

**<u>SURVIVAL; INDEMNIFICATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1&nbsp;&nbsp;&nbsp;&nbsp;<u>No Survival; RWI</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)&nbsp;&nbsp;&nbsp;&nbsp;The Parties, intending to modify any applicable statute of limitations, agree that none of the representations or warranties in this Agreement or in any Transaction Agreement (other than the Transition Services Agreement) shall survive the Closing and all such representations and warranties shall immediately terminate at the Closing such that no claim for breach of any such representation or warranty, detrimental reliance, or other right or remedy (whether in contract, in tort, or otherwise, and whether at law or equity) may be brought with respect to such representations and warranties on and after the Closing, and thereafter, except in the case of Fraud, none of the Parties nor any of their Representatives or Affiliates shall have any liability whatsoever with respect thereto (regardless of how characterized and whether in contract, in tort, or otherwise, and whether at law or equity). On and from the Closing (other than in the event of Fraud), the Purchaser Releasing Parties' sole and exclusive remedy and source of recovery of whatever kind and nature, in Law, equity, or otherwise, known or unknown, which such Persons have now or may have in the future for or satisfaction of all claims by any Purchaser Releasing Party in connection with, resulting from, arising out of, or in any way related to the Acquired Companies' or Seller's representations or warranties herein or in any Transaction Agreement or any other certificates or other documentation delivered pursuant hereto or thereto (other than the Transition Services Agreement), shall solely be the insurance coverage provided under the RWI Policy (whether or not it is ultimately bound, and whether or not the RWI Policy's limit of liability or scope of coverage is sufficient to cover or respond to the applicable Losses). Purchaser, for itself and on behalf of its Affiliates, agrees that, on and from the Closing (other than in the event of Fraud) it and such Affiliates are not entitled to make, and will not make, and waives any right they may have to make, any claim or demand for indemnification or other recovery, in connection with, resulting from, or in any way related to the Seller's representations or warranties herein or in any Transaction Agreement (other than the Transition Services Agreement), against any of the Seller Released Parties. Seller, for itself agrees that, on and from the Closing (other than in the event of Fraud) it and its Affiliates are not entitled to make, and will not make, and waives any right they may have to make, any claim or demand for indemnification or other recovery, in connection with, resulting from, or in any way related to Purchaser's representations or warranties herein or in any Transaction Agreement (other than the Transition Services Agreement), against any of the Purchaser Released Parties. In the event that the amounts available under the RWI Policy are insufficient, in whole or in part, to pay any Purchaser Releasing Party any amounts owed or alleged to be owed to such Person, none of the Purchaser Releasing Parties nor any other Person shall be entitled to collect or seek to collect any remaining amounts not satisfied from the RWI Policy from any Seller Released Party, and no such Person shall have any liability for such deficiency or shortfall, except and solely in the case of such Person's Fraud. Purchaser acknowledges, on behalf of itself and each Purchaser Releasing Party, that Purchaser purchasing and obtaining the RWI Policy as of the date hereof (and maintaining the effectiveness of the RWI Policy on and after the Closing Date) is a material inducement to Seller entering into the transactions contemplated hereby, and Seller is relying on Purchaser's covenants and obligations set forth in this Section 6.1 and Section 3.11 without limitation or qualification. The Parties acknowledge and agree that the failure by Purchaser or its Affiliates to obtain and/or maintain the effectiveness of the RWI Policy in accordance with this Section 6.1 and Section 3.11 shall not in any manner increase any liability of the Seller Released Parties, including in the event (i) the RWI Policy is disputed, invalidated, or deemed ineffective, in whole or in part, or (ii) the coverage provided under the RWI Policy is denied,

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disputed, eroded, exhausted, or otherwise made unavailable to Purchaser or its Affiliates, in whole or in part. For the avoidance of doubt, nothing in this Section 6.1 shall limit, negate, or otherwise impede in any manner any claims or recovery pursuant to Section 6.2.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The Parties, intending to modify any applicable statute of limitations, agree that the covenants and agreements in this Agreement or in any Transaction Agreement that by their terms apply or are to be performed, in whole or in part, after the Closing shall survive in full force and effect for the period provided in such covenants and agreements, or until fully performed, and the covenants and agreements in this Agreement or in any Transaction Agreement that by their terms apply or are to be performed in their entirety prior to the Closing shall terminate at the Closing such that no claim for breach of any such covenant or agreement, detrimental reliance, or other right or remedy (whether in contract, in tort, or otherwise, and whether at law or equity) may be brought with respect to such covenants and agreements after the Closing, and thereafter none of the Parties hereto or any of their Representatives or Affiliates shall have any liability whatsoever with respect thereto (regardless of how characterized and whether in contract, in tort, or otherwise, and whether at law or equity). For the avoidance of doubt, nothing herein shall limit or affect Purchaser's or any of its Affiliate's liability to pay any other amounts (in whole or in part) as and when required by this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2&nbsp;&nbsp;&nbsp;&nbsp;<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;(a)&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by Seller. Subject to the other applicable provisions of this Article VI, from and after the Closing, Seller will indemnify and hold harmless Purchaser, its Affiliates (including, for the avoidance of doubt, the Acquired Companies) and their respective officers, directors, managers, employees, contractors, principals, successors, heirs and assigns (each, a "Purchaser Indemnified Party") from and against all Losses incurred by any Purchaser Indemnified Party as a result of or relating to: (A) any Excluded Liabilities, (B) any nonfulfillment, violation or breach of any covenant, agreement or obligation of Seller contained in this Agreement that by its terms applies or is to be performed, in whole or in part, after the Closing, (C) any Affiliated Group Taxes (for the avoidance of doubt, the obligations of Seller and its Affiliates with respect to this Section 6.2(a)(C) shall survive until the date that is thirty (30) days following the expiration of the statute of limitations applicable to the underlying Tax), (D) any Covered Taxes and (E) the Specified Matter set forth on Schedule 6.2(a)(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;(b)&nbsp;&nbsp;&nbsp;&nbsp;Indemnification by Purchaser. Subject to the other applicable provisions of this Article VI, from and after the Closing, Purchaser will indemnify and hold harmless Seller, its Affiliates and their respective officers, directors, managers, employees, contractors, principals, successors, heirs and assigns (each, a "Seller Indemnified Party") from and against all Losses incurred by any Seller Indemnified Party as a result of or relating to: (A) any Assumed Liabilities and (B) any nonfulfillment, violation or breach of any covenant, agreement or obligation of Purchaser contained in this Agreement that by its terms applies or is to be performed, in whole or in part, after the Closing.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Mitigation. Each Purchaser Indemnified Party or Seller Indemnified Party, as applicable, shall use good faith, commercially reasonable efforts to mitigate any and all Losses applicable to such Person under this Agreement (including, for the avoidance of doubt, any Losses attributable to any Excluded Liabilities and any Affiliated Group Taxes) after becoming aware of any event, condition or circumstance that would reasonably be expected to give rise to any Losses that are indemnifiable or recoverable hereunder or in connection herewith. The amount of any Losses that any Purchaser Indemnified Party or Seller Indemnified Party may be entitled to recover shall be calculated net of any insurance proceeds (including, in the case of the Purchaser Indemnified Parties, under the RWI Policy after taking into account, for the avoidance of doubt, any amounts which are unrecoverable after the Purchaser Indemnified Party has utilized commercially reasonable efforts to recover such amounts, any amounts incurred as a result of the then-current

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retention (taking into account any drop-down mechanisms, any nil retentions for fundamental representations and any erosion of the retention), any exclusions expressly contained therein or any other terms expressly contained in such RWI Policy that directly and specifically reduce or limit recovery thereunder), contribution payments, reimbursements or other indemnification payments actually received by such Person on account of such Losses, less any fees and expenses actually and directly incurred in obtaining such recovery (including premium, deductible or retention increases and Taxes attributable 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;[Reserved.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Defense of Claims</u>. With respect to the Specified Matter set forth on Schedule 6.2(a)(E) and any third party claim described 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;(a)&nbsp;&nbsp;&nbsp;&nbsp;Any Person (i.e., a Purchaser Indemnified Party or a Seller Indemnified Party) making a claim for indemnification under this Article VI (an "Indemnitee") shall notify the indemnifying party (an "Indemnitor") of the claim in writing promptly after receiving written notice of any Proceeding against it (if by a third party), describing the claim, the amount thereof (if known and quantifiable) and the basis thereof; provided that the failure to so notify an Indemnitor shall not relieve the Indemnitor of its obligations hereunder except to the extent that (and only to the extent that) such failure shall have caused the damages for which the Indemnitor is obligated to be greater than such damages would have been had the Indemnitee given the Indemnitor prompt notice hereunder. Any Indemnitor shall be entitled to participate in the defense of such Proceeding giving rise to an Indemnitee's claim for indemnification at such Indemnitor's expense, and at its option (subject to the limitations set forth in this Section 6.3) shall be entitled to assume the defense thereof by appointing counsel reasonably acceptable to the Indemnitee to be the lead counsel in connection with such defense; provided, that prior to the Indemnitor assuming control of such defense it shall first verify to the Indemnitee in writing that (based upon the facts then known by Indemnitor) such Indemnitor shall be responsible for all Losses relating to such claim for indemnification, subject to and in accordance with this Article VI; and provided, further, 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;the Indemnitee shall be entitled to participate in the defense of such claim and to employ counsel of its choice for such purpose; provided that the fees and expenses of such separate counsel shall be borne by the Indemnitee (other than any reasonable fees and expenses of such separate counsel that are incurred prior to the date the Indemnitor effectively assumes control of such defense which, notwithstanding the foregoing, shall be borne by the Indemnitor, and except that the Indemnitor shall pay all of the reasonable fees and expenses of such separate counsel if the Indemnitee has been advised by counsel that a reasonable likelihood exists of a conflict of interest between the Indemnitor and the Indemnitee);

&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)&nbsp;&nbsp;&nbsp;&nbsp;the Indemnitor shall not be entitled to assume control of such defense (unless otherwise agreed to in writing by the Indemnitee) and shall pay the fees and expenses of counsel retained by the Indemnitee if (i) the claim for indemnification relates to or arises in connection with any criminal or quasi criminal proceeding, action, indictment, allegation or investigation; (ii) the claim seeks an injunction or equitable relief against the Indemnitee; (iii) the Indemnitee has been advised by counsel that a reasonable likelihood exists of a conflict of interest between the Indemnitor and the Indemnitee; or (iv) upon petition by the Indemnitee, the appropriate court rules that the Indemnitor failed or is failing to vigorously prosecute or defend such 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;if the Indemnitor shall control the defense of any such claim, the Indemnitor shall obtain the prior written consent of the Indemnitee (such consent not to be unreasonably withheld, conditioned or delayed) before entering into any settlement of a claim or ceasing to defend such claim if, pursuant to or as a result of such settlement or cessation, injunctive or other equitable relief will be imposed against the Indemnitee, if such settlement does not expressly and

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unconditionally release the Indemnitee from all Liabilities with respect to such claim, with prejudice; 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;if the Indemnitee shall control the defense of any such claim, the Indemnitee shall obtain the prior written consent of the Indemnitor (such consent not to be unreasonably withheld, conditioned or delayed) before entering into any settlement of a claim or ceasing to defend such claim.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4&nbsp;&nbsp;&nbsp;&nbsp;<u>Characterization of Indemnification Payments; Calculation of Losses</u>. Except as otherwise required by applicable Law, the Parties will treat any indemnification payment made hereunder as an adjustment to the total consideration for income Tax purposes. For purposes of calculating Losses to which an Indemnitee is entitled under this <u>Article VI</u>, such Losses shall not include Losses related to any matter that was actually included in the final calculation of the Closing Amount pursuant to <u>Section 1.8</u> and that actually reduced the Final Closing Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5&nbsp;&nbsp;&nbsp;&nbsp;<u>Exclusive Remedy</u>. Notwithstanding any other provision of this Agreement to the contrary, this Article VI will be the sole and exclusive monetary remedy of the Parties hereto from and after the Closing for any claims in respect of a breach of this Agreement, including claims of inaccuracy in or breach of any representation, warranty, covenant or agreement hereunder; provided, however, that the foregoing and nothing else in this Agreement to the contrary will not be deemed a waiver by any party of (or otherwise limit or affect) any right to seek specific performance or injunctive relief pursuant to Section 7.5(c), or limit any right or remedy arising by reason of any claim of Fraud. For the avoidance of doubt, the foregoing shall not affect any rights or remedies, or obligations, under and in accordance with any of the Transaction Agreements from and after the Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6&nbsp;&nbsp;&nbsp;&nbsp;<u>Fraud</u>. Notwithstanding anything to the contrary in this Agreement or in any Transaction Agreement, nothing in this Article VI or otherwise shall limit or restrict any Party's right to bring, maintain or recover any amounts in connection with any action or claim based upon Fraud.

**ARTICLE VII**

**<u>MISCELLANEOUS AND GENERAL</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1<u>Release</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)At and effective as of the Closing, Purchaser, on its own behalf and on behalf of its current, former, and future Affiliates, and any of its and their respective current, former and future Representatives, successors, and assigns (including Purchaser, each, a "Purchaser Releasing Party"), hereby irrevocably and unconditionally releases and forever discharges Seller, its current, former, and future Affiliates, and each of their respective current, former, and future Representatives, heirs, successors, and assigns, each in their capacity as such (collectively, the "Seller Released Parties") of and from any and all actions, causes of action, suits, proceedings, executions, judgments, duties, debts, dues, accounts, bonds, contracts, covenants (whether express or implied), and claims and demands whatsoever whether in law or in equity which the Purchaser Releasing Parties may have against each of the Seller Released Parties, now or in the future, in each case, in respect of any cause, matter, or thing relating to any of the Seller Released Parties occurring or arising both (i) on or prior to the Closing and (ii) out of or in connection with the Seller Released Parties' ownership and operation of the Acquired Companies or the Transferred Assets. Notwithstanding anything to the contrary in this Agreement or any other agreement or instrument contemplated hereby or thereby, nothing contained in this Section 7.1(a) shall limit, negate, or otherwise impede in any manner any claims, actions or rights or remedies of the Purchaser Releasing Parties (x) pursuant to this Agreement or any Transaction Agreement, (y) under or relating to the R&W Insurance Policy or (z) arising directly from Fraud.

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&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)At and effective as of the Closing, Seller, on its own behalf and on behalf of its current, former, and future Affiliates, and any of its and their respective current, former , and future Representatives, successors, and assigns (including Seller, each, a "Seller Releasing Party"), hereby irrevocably and unconditionally releases and forever discharges Purchaser, its current, former, and future Affiliates (including the Acquired Companies), and each of their respective current, former, and future Representatives, heirs, successors, and assigns, each in their capacity as such (collectively, the "Purchaser Released Parties") of and from any and all actions, causes of action, suits, proceedings, executions, judgments, duties, debts, dues, accounts, bonds, contracts, covenants (whether express or implied), and claims and demands whatsoever whether in law or in equity which the Seller Releasing Parties may have against each of the Purchaser Released Parties, now or in the future, in each case, in respect of any cause, matter, or thing relating to any of the Purchaser Released Parties occurring or arising both (i) on or prior to the Closing and (ii) relating to the Acquired Companies (including their direct or indirect ownership thereof), the conduct of the Business, activities of the Acquired Companies or the Business or their operation of the Transferred Assets. Notwithstanding anything to the contrary in this Agreement or any other agreement or instrument contemplated hereby or thereby, nothing contained in this Section 7.1(b) shall limit, negate, or otherwise impede in any manner any claims, actions or rights or remedies of the Seller Releasing Parties (x) pursuant to this Agreement or any Transaction Agreement or (y) arising directly from Fraud.

&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 PARTY, ON ITS OWN BEHALF AND ON BEHALF OF EACH PURCHASER RELEASING PARTY OR SELLER RELEASING PARTY (AS APPLICABLE), EXPRESSLY AND IRREVOCABLY WAIVES ALL RIGHTS AFFORDED BY ANY STATUTE OR COMMON LAW PRINCIPLES WHICH LIMITS THE EFFECT OF A RELEASE WITH RESPECT TO UNKNOWN CLAIMS. PURCHASER, ON ITS OWN BEHALF AND ON BEHALF OF EACH PURCHASER RELEASING PARTY OR SELLER RELEASING PARTY (AS APPLICABLE), ACKNOWLEDGES THAT IT UNDERSTANDS THE SIGNIFICANCE OF THIS RELEASE OF UNKNOWN CLAIMS AND WAIVER OF ANY STATUTORY PROTECTION AGAINST A RELEASE OF UNKNOWN CLAIMS. PURCHASER, ON BEHALF OF THE PURCHASER RELEASING PARTIES, AND SELLER, ON BEHALF OF THE SELLER RELEASING PARTIES, ACKNOWLEDGES AND AGREES THAT THIS WAIVER IS AN ESSENTIAL AND MATERIAL TERM OF THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2&nbsp;&nbsp;&nbsp;&nbsp;<u>Modification or Amendment</u>. The Parties may modify or amend this Agreement, solely by a written agreement executed and delivered by duly authorized officers or trustees of each of the respective Parties. Notwithstanding any other provision of this Agreement to the contrary, no amendment, modification or waiver of <u>Section 5.2</u>, this <u>Section 7.2</u>, <u>Section 7.8</u>, <u>Section 7.11</u>, or <u>Section 7.16</u> (and any provision of this Agreement or any related definition used in such sections to the extent an amendment, modification, waiver or termination of such provision would modify the substance of such sections) shall adversely affect the rights of any Debt Financing Source under such Sections without the prior written consent of such Debt Financing Source.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3&nbsp;&nbsp;&nbsp;&nbsp;<u>Waiver of Conditions</u>. The conditions to each of the respective Parties' obligations to consummate the transactions contemplated by this Agreement are for the sole benefit of such Party and may be waived by such Party in whole or in part to the extent permitted by applicable Law; <u>provided</u>, <u>however</u>, that any such waiver shall only be effective if made in writing. The failure of any Party to assert any of its rights hereunder or under applicable Law shall not constitute a waiver of such rights and, except as otherwise expressly provided herein, no single or partial exercise by any Party of any of its rights hereunder precludes any other or further exercise of such rights or any other rights hereunder or under applicable Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4&nbsp;&nbsp;&nbsp;&nbsp;<u>Counterparts</u>. This Agreement and any Transaction Agreement may be executed in any number of counterparts (including by facsimile or by attachment to electronic mail in portable

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document form (PDF)), each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5&nbsp;&nbsp;&nbsp;&nbsp;GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE.

&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)&nbsp;&nbsp;&nbsp;&nbsp;THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO ANY CONFLICT-OF-LAWS RULE OR PRINCIPLE THEREOF. Each Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Chancery Court of the State of Delaware and any state appellate court therefrom within the State of Delaware (or, if the Chancery Court of the State of Delaware declines to accept jurisdiction over a particular matter, any state or federal court within the State of Delaware), in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby or for recognition or enforcement of any judgment relating thereto, and each Party hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in such courts, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in such Chancery Court of the State of Delaware or any state appellate court therefrom, (iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any such action or proceeding in any such Delaware Chancery or state appellate court, and (iv) waives, to the fullest extent permitted by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such Delaware Chancery or state appellate court. Each Party agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each Party irrevocably consents to service of process in the manner provided for notices in Section 7.6. Nothing in this Agreement will affect the right of any Party to serve process in any other manner permitted 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TO THE FULLEST EXTENT PERMITTED BY LAW ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY HEREBY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT, OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF ANY PROCEEDING, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (III) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (IV) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 7.5.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The Parties agree that irreparable damage for which monetary damages, even if available, would not be an adequate remedy, would occur in the event that the Parties do not perform the provisions of this Agreement in accordance with its specified terms or otherwise breach such provisions. The Parties acknowledge and agree that the Parties shall be entitled to an injunction, specific performance, and other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof and, as a third party beneficiary under and solely to the extent provided in the Equity Financing Commitment Letter in order to cause the Equity Financing to be funded, without any requirement for the posting of any bond or other security, this being in addition to any other remedy to which they are entitled at law or in equity, subject to the

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terms and provisions of this Agreement. Each of the Parties agrees that it will not oppose the granting of an injunction, specific performance, or other equitable relief to extent in compliance with this Section 7.5 on the basis that (x) any Party has an adequate remedy at law or (y) an award of specific performance is not an appropriate remedy for any reason at law or equity. Each Party acknowledges and agrees that the rights to an injunction, specific performance or other equitable remedy contemplated herein are an integral part of the transactions contemplated by this Agreement and without such right, none of the Parties would have entered into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6&nbsp;&nbsp;&nbsp;&nbsp;<u>Notices</u>. All notices, requests, instructions, or other documents to be given hereunder by any Party to the others shall be in writing and delivered personally or sent by registered or certified mail, postage prepaid, by email, or overnight courier:

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| | |
|:---|:---|
| If to the Acquired Companies (prior to the Closing), or to Seller: | <br>c/o BGSF, Inc.<br>5850 Granite Parkway, Suite 730<br>Plano, Texas 75024<br>Attn: Beth Garvey; Keith Schroeder<br>bgarvey@bgsf.com<br>kschroeder@bgsf.com |
| with copies (which shall not constitute notice) to: | <br>Norton Rose Fulbright US LLP<br>2200 Ross Avenue, Suite 3600<br>Dallas, Texas 75201<br>Attn: Paul Conneely; Brandon Byrne<br>paul.conneely@nortonrosefulbright.com<br>brandon.byrne@nortonrosefulbright.com |
| If to Purchaser, or (after the Closing) the Acquired Companies: | <br>INSPYR Solutions Intermediate, LLC<br>c/o A&M Capital Partners III, LP<br>1 Pickwick Plaza, Floor 3<br>Greenwich, CT 06830<br>Attention: Alex Nivelle; Todd Rubin<br>Email: alex@a-mcapital.com; todd@a-mcapital.com |
| with copies (which shall not constitute notice) to: | <br>Kirkland & Ellis LLP<br>330 West Wolf Point Plaza<br>Chicago, IL 60654<br>Attn: Cole Parker, P.C.; Eduardo M. Leal<br>Email: cole.parker@kirkland.com; eduardo.leal@kirkland.com |

---

or to such other persons or addresses as may be designated in writing by the Party to receive such notice as provided above. Any notice, request, instruction, or other document given as provided above shall be deemed given to the receiving Party (a) upon actual receipt, if delivered personally;

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(b) three (3) Business Days after deposit in the mail, if sent by registered or certified mail; (c) at the time of transmission subject to electronic delivery confirmation thereof (i.e., an electronic record of the sender that the e-mail was sent to the intended recipient thereof without an "error" or similar message that such e-mail was not received by the intended recipient), if sent by email; or (d) on the next Business Day after deposit with an overnight courier, if sent by an overnight courier.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7&nbsp;&nbsp;&nbsp;&nbsp;<u>Entire Agreement</u>. This Agreement (including any exhibits and schedules hereto and the Disclosure Letter) and the documents, instruments, and other agreements among the Parties contemplated hereby or referred to herein, including each Transaction Agreement, constitute the entire agreement of the Parties with respect to the subject matter of this Agreement, and supersede all prior written and oral, and contemporaneous oral, agreements, understandings, representations, and warranties among the Parties with respect to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8&nbsp;&nbsp;&nbsp;&nbsp;<u>No Third Party Beneficiaries</u>. Except (i) after the Closing, with respect to the provisions of <u>Section 3.7</u> (Indemnification; Directors' and Officers' Insurance) which shall inure to the benefit of the D&O Indemnified Parties who are intended to be third-party beneficiaries thereof, (ii) the provisions of <u>Section 3.11</u> (RWI Policy), <u>Section 5.2</u> (Effect of Termination and Abandonment), <u>Section 5.3(g)</u> (Seller Payments), <u>Section 7.1</u> (Release), <u>Section 7.14</u> (Non-Recourse), and <u>Section 7.15</u> (Conflict of Interest Waiver; Attorney-Client Privilege), which shall inure to the benefit of the Persons benefitting therefrom as expressly provided therein, and (iii) the provisions of <u>Section 7.16(b)</u> (Debt Financing Sources) which shall inure to the benefit of the Debt Financing Sources who are intended to be third-party beneficiaries thereof, and which Persons are intended to be third party beneficiaries thereof, which rights are hereby expressly acknowledged and agreed by the Parties, each Party hereby agrees that their respective representations, warranties, covenants, and agreements set forth in this Agreement are solely for the benefit of the other Parties, in accordance with and subject to the terms of this Agreement, and this Agreement is not intended to, and does not, confer upon any Person other than the Parties any rights or remedies hereunder, including the right to rely upon the representations and warranties set forth in this Agreement. The representations and warranties in this Agreement are the product of negotiations among the Parties and are for the sole benefit of the Parties. Persons other than the Parties (subject to <u>Sections 3.11</u> and <u>6.1</u>) may not rely upon the representations and warranties in this Agreement as characterizations of actual facts or circumstances as of the date of this Agreement or as of any other date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9&nbsp;&nbsp;&nbsp;&nbsp;<u>Severability</u>. The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application thereof, in any other jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10&nbsp;&nbsp;&nbsp;&nbsp;<u>Interpretation; Construction</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)&nbsp;&nbsp;&nbsp;&nbsp;The table of contents and headings herein are for convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section or Exhibit, such reference shall be to a Section of or Exhibit to this Agreement unless otherwise indicated. Whenever the words "include," "includes," or "including" are used in this Agreement, they shall be deemed to be followed by the words "without limitation."

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&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)&nbsp;&nbsp;&nbsp;&nbsp;The words "hereof," "herein," and "hereunder" and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not to any particular 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;Capitalized terms used in this Agreement have the definitions set forth in the body of this Agreement or assigned to such terms in Annex 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;(d)&nbsp;&nbsp;&nbsp;&nbsp;The Parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of 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;(e)&nbsp;&nbsp;&nbsp;&nbsp;The rule known as the ejusdem generis rule shall not apply, and, accordingly, general words introduced by the word "other" shall not be given a restrictive meaning by reason of the fact that they are preceded by words indicating a particular class of acts, matters, or things.

&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)&nbsp;&nbsp;&nbsp;&nbsp;When a reference is made in this Agreement or the Disclosure Letter to information or documents being "provided", "made available", "disclosed" or similar phrases, such information or documents shall mean any information or documents furnished in the "Project Granite" data room hosted by firmex.com and maintained by Seller and the Acquired Companies and to which access to such information or documents has been granted to Purchaser and certain of its Representatives at least one (1) Business Day prior to the date of this Agreement and remained so posted and accessible continuously through the Closing and two (2) Business Days thereafter.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section 7.13, 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.

&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) References to a Person are also to its permitted 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;References to "dollars" or "$" are to U.S. dollars.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Whenever this Agreement refers to a number of days, such number shall refer to calendar days unless Business Days are specified.

&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)&nbsp;&nbsp;&nbsp;&nbsp;If the date specified for giving any notice or taking any action is not a Business Day (or if the period during which any notice is required to be given or any action taken expires on a date which is not a Business Day), then the date for giving such notice or taking such action (and the expiration date of such period during which notice is required to be given or action taken) shall be the next date which is a Business Day.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The word "or" shall not be exclusive.

&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)&nbsp;&nbsp;&nbsp;&nbsp;The word "extent" in the phrase "to the extent" shall mean to the degree to which a subject or other thing extends and not simply "if".

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&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)&nbsp;&nbsp;&nbsp;&nbsp;The meaning given to terms defined herein will be equally applicable to both the singular and plural forms of such terms. Whenever the context may require, any pronoun includes the corresponding masculine, feminine and neuter forms.

&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)&nbsp;&nbsp;&nbsp;&nbsp;All references to "dollars" or "$" will be deemed references to the lawful money of the United States of America, and any amounts denominated in currency other than the lawful money of the United States of America on any date of determination shall be deemed to be the equivalent in dollars of such currency determined by using the prevailing foreign exchange rate provided by the Wall Street Journal (or if not, as quoted on a similar service) at 9:00 a.m. New York time on such date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11&nbsp;&nbsp;&nbsp;&nbsp;<u>Assignment</u>. Neither this Agreement nor any of the rights, interests, or obligations hereunder shall be assigned, in whole or in part, by operation of Law or otherwise by any of the Parties without the prior written consent of each of the other Parties hereto; <u>provided</u>, that Purchaser may assign this Agreement without written consent (i) to any of its Affiliates (<u>it</u> <u>being</u> <u>understood</u> that no such assignment will relieve Purchaser of its obligations hereunder except to the extent actually performed) and (ii) solely following the Closing, any Person to which Purchaser or any of its Affiliates sells, transfers, assigns or delegates a majority of its assets or Equity Interests; <u>provided</u>, that, at or following the Closing, the Purchaser and the Acquired Companies may assign their respective rights under this Agreement to the Debt Financing Sources or any lender (or agent of behalf of the lenders) as collateral security for their obligations under any of their secured debt financing arrangements, which assignment shall not require the consent of any other Party. Any purported assignment in contravention of this Agreement is void. This Agreement will be binding upon, inure to the benefit of, and be enforceable by, the Parties and their respective successors and permitted assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12&nbsp;&nbsp;&nbsp;&nbsp;<u>Transfer Taxes</u>. Purchaser and Seller shall each pay and be responsible for 50% of any Transfer Taxes and fees (including penalties and interest) incurred in connection with the Transaction. All necessary documents (including all Tax Returns) with respect to such Transfer Taxes described in the foregoing sentence will be filed by the Party required to file such documents under applicable Law and such Party shall provide such Tax Returns to the other Party prior to the due date for filing such Tax Returns. For the avoidance of doubt, Purchaser shall be responsible for causing the Acquired Companies to prepare and timely file such Tax Returns to the extent the Acquired Companies are responsible under applicable law for filing such Tax Returns following the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13&nbsp;&nbsp;&nbsp;&nbsp;<u>Disclosure Letter</u>. In no event shall the listing of items or matters in a Disclosure Letter be deemed or interpreted to broaden, or otherwise expand the scope of, the representations and warranties or the covenants and agreements contained in this Agreement. No reference to, or disclosure of, any item or matter in any Section of this Agreement or any section or subsection of a Disclosure Letter shall be construed as an admission or indication that such item or matter is material or that such item or matter is required to be referred to or disclosed in this Agreement or in a Disclosure Letter. Without limiting the foregoing, no reference to, or disclosure of, a possible breach or violation of any contract or Law shall be construed as an admission or indication that a breach or violation exists or has occurred. Any matter set forth in any section of the Disclosure Letter shall be deemed to be referred to and incorporated in all other sections of the Disclosure Letter to which such matter's application or relevance is reasonably apparent on its face. Any disclosures contained in, listed on, or otherwise referenced within the Disclosure Letter which refer to a document are qualified in their entirety by reference to the text of such document; <u>provided</u>, <u>however</u>, that references to any agreement, instrument or other document set forth on the Disclosure Letter shall not be deemed to include any amendment, supplement or modification thereto unless such amendment, supplement or modification (x) is explicitly set forth on the applicable section of the Disclosure Letter or (y) was otherwise made available to Purchaser. The headings and introductory language have been inserted in the Disclosure Letter for convenience of

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reference only and shall to no extent have the effect of amending or changing the express description of the sections as set forth in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14&nbsp;&nbsp;&nbsp;&nbsp;<u>Non-Recourse</u>. This Agreement may only be enforced against, and any Proceeding based upon, arising out of, or related to this Agreement, or the negotiation, execution, or performance of this Agreement, may only be brought against the Persons that are expressly named as Parties hereto, and then only with respect to the specific obligations set forth herein with respect to such Party. Except with respect to the Guarantors pursuant to the Equity Commitment Letter and the Guaranty in accordance with the terms expressly set forth therein, no past, present, or future director, manager, officer, employee, incorporator, member, partner, stockholder, Affiliate, agent, attorney, or other Representative of any Party hereto or of any Affiliate of any party hereto, or any of their successors or permitted assigns, shall have any liability for any obligations or liabilities of any Party hereto under this Agreement or for any claim or action based on, in respect of or by reason of the transactions contemplated hereby. Notwithstanding anything to the contrary in this Agreement or any other agreement or instrument contemplated hereby or thereby, nothing contained in this <u>Section 7.14</u> shall limit, negate, or otherwise impede in any manner any claims or recovery based on Fraud.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15&nbsp;&nbsp;&nbsp;&nbsp;<u>Conflict of Interest Waiver; Attorney–Client Privilege</u>. Purchaser hereby waives and agrees to not assert any actual or potential conflict of interest arising out of or relating to the representation, after the Closing Date, of Seller or its Affiliates or Representatives in any dispute with Purchaser, the Acquired Companies, or their Affiliates or any other matter involving the transactions contemplated by this Agreement or the agreements entered into in connection herewith ("<u>Post-Closing Representation</u>") by Norton Rose Fulbright US LLP or any other legal counsel representing the Acquired Companies (each, a "Prior Counsel") in connection with the transactions contemplated by this Agreement or the agreements entered into in connection herewith ("Pre-Closing Representation"). Purchaser further waives and agrees to not assert, and agrees to cause the Acquired Companies to waive and not assert, in connection with any Post-Closing Representation, any attorney–client privilege with respect to any communication between any Prior Counsel and Seller, the Acquired Companies, or any officer, employee, director, or manager of the Acquired Companies that relates to the Pre-Closing Representation (it being the intention of the parties hereto that all rights to such attorney–client privilege, including the right to control such attorney-client privilege, shall be held by Seller). Notwithstanding the foregoing, in the event that a dispute arises between Purchaser or the Acquired Companies and a third party (other than Seller or any of its Affiliates) after the Closing, the Acquired Companies may assert the attorney–client privilege to prevent disclosure of confidential communications with Prior Counsel to such third party. This <u>Section 7.15</u> is for the benefit of Seller and each Prior Counsel, and such Prior Counsel are intended third party beneficiaries of this <u>Section 7.15</u>. No term of this <u>Section 7.15</u> may be amended, waived, or modified, without the prior written consent of such Prior Counsel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.16&nbsp;&nbsp;&nbsp;&nbsp;<u>Debt Financing Sources</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)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything herein to the contrary, each of the Parties hereby (i) agrees that it will not bring or support any action of any kind or description, whether at law or equity, whether in contract or in tort or otherwise, against any Debt Financing Source in any way relating to this Agreement, the Transaction Agreements or the other documents contemplated thereby, or the Transactions, including any dispute arising out of or relating in any way to the Debt Financing Commitment Letter, the Debt Financing, or the performance thereof or services related thereto, in any forum other than the United States District Court for the Southern District of New York or any New York state court sitting in the Borough of Manhattan in the City of New York, (ii) waives, to the fullest extent permitted by law, any objection which they may now or hereafter have to the laying of venue or the defense of an inconvenient forum of any such dispute or proceeding in such forum and (iii) agrees that the provisions of Section 7.5 relating to the waiver of jury trial shall apply to, and the Laws of the State of New York, without regard to the conflict of laws rules thereof, shall govern, any

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such action. The Parties hereby agree that mailing of process or other papers in connection with any such action in the manner provided in Section 7.5 and Section 7.6, or in such other manner as may be permitted by Law shall be valid and sufficient service thereof and hereby waive any objections to service accomplished in the manner herein provided. Without limiting the foregoing, no Debt Financing Source shall be subject to any special, consequential, punitive or indirect damages or damages of a tortious nature to any party. The provisions of this Section 7.16(a) shall be enforceable by each Debt Financing Source and its respective Affiliates and their respective 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in this Agreement to the contrary, the Debt Financing Sources shall be express third-party beneficiaries and shall be entitled to enforce the agreements contained in Section 5.2, Section 7.2, Section 7.8, Section 7.11, or this Section 7.16. Notwithstanding anything to the contrary in this Agreement, the Debt Financing Sources shall not have any liability to Seller or any of its Affiliates relating to or arising out of this Agreement, the Debt Financing Commitment Letter or the Debt Financing or any related agreements or the Transaction, whether at law or equity, in contract or in tort or otherwise, and Seller and its Affiliates agree not to commence (and if commenced agree to dismiss or otherwise terminate, and not to assist) any action, arbitration, audit, hearing, investigation, litigation, petition, grievance, complaint, suit or proceeding and shall not have any rights or claims, and shall not seek any loss or damage or any other recovery or judgment of any kind, including direct, indirect, consequential or punitive damages, against any Debt Financing Source under this Agreement, the Debt Financing Commitment Letter or the Debt Financing or any related agreements, whether at law or equity, in contract or in tort or otherwise, and Seller (on behalf of itself and its Associated Persons) hereby waives any rights or claims against any Debt Financing Source relating to or arising out of this Agreement, the Debt Financing Commitment Letter or the Debt Financing or any related agreements or the Transactions, whether at law or equity, in contract, in tort or otherwise.

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IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly authorized officers of the Parties as of the date first written above.

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| | |
|:---|:---|
| **PURCHASER:** | **<br>INSPYR SOLUTIONS INTERMEDIATE, LLC** |
| **PURCHASER:** | &nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Todd Rubin</u><br>Name: Todd Rubin<br>Title: Vice President and Treasurer |
| **THE ACQUIRED COMPANIES:** | **<br>BG FINANCE AND ACCOUNTING, INC.** |
| **THE ACQUIRED COMPANIES:** | &nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Beth A. Garvey</u><br>Name: Beth A. Garvey<br>Title: President and Chief Executive Officer |
|  | **BGSF PROFESSIONAL, LLC** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Beth A. Garvey</u><br>Name: Beth A. Garvey<br>Title: President and Chief Executive Officer |
| **SELLER:** | **<br>BGSF, INC.** |
| **SELLER:** | &nbsp;&nbsp;&nbsp;&nbsp;By: <u>/s/ Beth A. Garvey</u><br>Name: Beth A. Garvey<br>Title: President and Chief Executive Officer |

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**<u>ANNEX A<br>DEFINED TERMS</u>**

"<u>Acceptable Confidentiality Agreement</u>" means an executed confidentiality agreement that is either (i) in effect as of the execution and delivery of this Agreement, as amended (if applicable) after the date hereof, or (ii) executed and delivered after the date hereof, in each case, with terms at least as restrictive in all material respects on such Person as the Confidentiality Agreement's terms are on June 14, 2025 (<u>it</u> <u>being</u> <u>understood</u> that such confidentiality agreement need not prohibit the making or amending of an Acquisition Proposal by such Person or contain any "standstill" provisions) and that does not contain provisions (a) that prohibit Seller (or any other Person) from providing information to Purchaser or its Representatives as required pursuant to <u>Section 3.13</u> or (b) that otherwise prohibit Seller from complying with <u>Section 3.13</u>.

"<u>Accounting Firm</u>" has the meaning set forth in <u>Section 1.11(b)</u>.

"<u>Accrued Income Taxes</u>" means an amount (not less than zero in respect of any jurisdiction or for any entity) of the aggregate accrued unpaid Income Taxes of the Acquired Companies as of the Closing Date with respect to jurisdictions in which the Acquired Companies currently file (or have commenced operations that will require filing) Income Tax Returns (but, subject to clause (ii) below, excluding any deferred Tax Liabilities), determined, notwithstanding anything herein to the contrary, as of the close of business on the Closing Date, attributable to any Pre-Closing Period, determined (i) in accordance with the past practice of the Acquired Companies in preparing its Tax Returns (except to the extent such past practice is not supportable at a "more likely than not" or greater level of confidence), (ii) by including in taxable income, any adjustment pursuant to Section 481 of the Code (or any analogous provision of any other Tax law) related to a change in accounting made prior to the Closing Date, and prepaid amounts and deferred revenue, in each case which has not fully been included in income prior to the Closing Date, (iii) without taking into account the effects of any transactions entered into by or at the direction of Purchaser on the Closing Date after the Closing outside the ordinary course of business(other than as explicitly contemplated by this Agreement), (iv) by taking into account all Transaction Tax Deductions, (v) by excluding any and all liabilities for accruals or reserves established or required to be established under GAAP that require the accrual for contingent income Taxes or with respect to uncertain Tax positions, (vi) by excluding all deferred Tax liabilities established or required to be established for GAAP, and (vii) by taking into account any estimated payments, prepayments, or deposits of Tax made prior to the Adjustment Calculation Time to the extent they are available to reduce the particular Income Tax liability with respect to which such payments or deposits were made. For purposes of the foregoing, any Taxes attributable to a Straddle Period shall be determined in accordance with <u>Section 3.10(g)</u>. "Acquired Companies" has the meaning set forth in the Recitals.

"<u>Acquisition Proposal</u>" means any offer or proposal (other than an offer or proposal by Purchaser) to engage in an Acquisition Transaction.

"<u>Acquisition Transaction</u>" means any transaction or series of related transactions (other than the Transaction or any transactions contemplated hereby) involving:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;any direct or indirect purchase or other acquisition by any Person or "group" (as defined pursuant to Section 13(d) of the Exchange Act) of Persons (in each case, other than Purchaser or its Affiliates or any group that includes Purchaser or its Affiliates), whether from Seller or any other Person(s), of securities representing more than 20% of the total outstanding equity securities of Seller or the Acquired

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Companies (by vote or economic interests) after giving effect to the consummation of such purchase or other acquisition, including pursuant to a tender offer or exchange offer by any Person or "group" of Persons that, if consummated in accordance with its terms, would result in such Person or "group" of Persons beneficially owning more than 20% of the total outstanding equity securities of Seller or the Acquired Companies (by vote or economic interests) after giving effect to the consummation of such tender or exchange offer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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)&nbsp;&nbsp;&nbsp;&nbsp;any direct or indirect purchase, license or other acquisition by any Person or "group" (as defined pursuant to Section 13(d) of the Exchange Act) of Persons of assets constituting or accounting for more than 20% of the consolidated assets, revenue or net income of Seller and the Acquired Companies, taken as a whole (measured by the fair market value thereof as of the date of such purchase or acquisition); 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;(iii)&nbsp;&nbsp;&nbsp;&nbsp;any merger, consolidation, business combination, recapitalization, reorganization, liquidation, dissolution or other transaction involving Seller pursuant to which (A) any Person or "group" (as defined pursuant to Section 13(d) of the Exchange Act) of Persons would hold securities representing more than 20% of the total outstanding equity securities of Seller or the Acquired Companies (by vote or economic interests) after giving effect to the consummation of such transaction or (B) the equityholders of Seller or the Acquired Companies immediately preceding such transaction hold less than 80% of the total outstanding equity securities (by vote or economic interests) in the surviving or resulting entity of such transaction.

"<u>Adjustment Calculation Time</u>" means 12:01 a.m. (Eastern time) on the Closing Date.

"<u>Adjustment Escrow Deposit</u>" means $3,500,000.

"<u>Adjustment Escrow Fund</u>" has the meaning set forth in <u>Section 1.12</u>.

"<u>Affiliate</u>" means, with respect to any Person, any other Person, directly or indirectly, controlling, controlled by, or under common control with, such Person, through one or more intermediaries or otherwise. For purposes of this definition, the term "control" (including the correlative terms "controlling," "controlled by," and "under common control with") means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise.

"<u>Affiliate Contracts</u>" has the meaning set forth in <u>Section 2.1(s)(i)</u>.

"<u>Affiliated Group</u>" means an affiliated group as defined in Section 1504 of the Code (or any analogous combined, consolidated, unitary or other group defined under any Tax Law).

"<u>Affiliated Group Taxes</u>" means any Taxes for which any of the Acquired Companies is liable pursuant to Treasury Regulations Section 1.1502-6 (or any similar or analogous provision of state, local or foreign Tax Law) as a result of the Acquired Companies having been, prior to the Closing, a member of an Affiliated Group.

"<u>Agreement</u>" has the meaning set forth in the Preamble.

"<u>Allocation Schedule</u>" has the meaning set forth in <u>Section 1.13</u>.

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"<u>Alternative Acquisition Agreement</u>" has the meaning set forth in <u>Section 3.13(a)</u>.

"<u>Alternative Transaction</u>" has the meaning set forth in <u>Section 3.13</u>.

"<u>Ancillary Financing Document</u>" means each of the following: (a) customary perfection certificates, corporate organizational documents and good standing certificates, in each case to the extent required to be delivered to a Debt Financing Source to satisfy a financing condition and (b) all documentation and other information required to be delivered to the Debt Financing Sources in relation to any Acquired Company by bank regulatory authorities under applicable "know-your-customer" and anti-money laundering rules and regulations.

"<u>Anti-Corruption Laws</u>" means all U.S. and non-U.S. Laws relating to the prevention of corruption, money laundering, and bribery, including the U.S. Foreign Corrupt Practices Act of 1977, as amended, and the UK Bribery Act of 2010.

"<u>Arroyo Earn-Out Amount</u>" means $2,475,000.

"<u>Arroyo Letter Agreement</u>" means that certain letter agreement, dated as of June 10, 2025, by and among BGSF Professional, Arroyo Consulting, LLC, Luis Fernando, and Maureen E. Herrera.

"<u>Associated Person</u>" means, with respect to a Person, any of such Person's former, current and future Affiliates, incorporators, financing sources, consultants, equityholders, members, stockholders, shareholders, controlling Persons, Representatives, managers, general or limited partners or assignees (or any former, current or future Affiliates, incorporators, financing sources, consultants, equityholders, members, stockholders, shareholders, controlling Persons, Representatives, managers, general or limited partners or assignees of any of the foregoing).

"<u>Assumed Liabilities</u>" has the meaning set forth in <u>Section 1.3</u>.

"<u>Austin Lease</u>" means that certain (x) Lease, by and between Luzzatto Oaks, LLC, a Delaware limited liability company, as lessor, and Horn Solutions, Inc. (as predecessor-in-interest to BGSF Professional), as lessee, dated as of October 6, 2020 and (y) that certain Sublease, by and between BGSF Professional and Big Blue Insurance Agency, PLLC, dated as of October __, 2024, in each case, including all amendments thereto.

"<u>Base Closing Amount</u>" means ninety-nine million dollars ($99,000,000).

"<u>Benefit Plan</u>" means any "employee benefit plan" within the meaning of Section 3(3) of ERISA (whether or not subject thereto) or any deferred compensation, severance, equity compensation, bonus, incentive compensation, retention, change in control, fringe or other benefit or compensation plan, program, agreement, or arrangement, in each case, that is sponsored, maintained, contributed to (or required to be contributed to) by Seller, any of its Subsidiaries or an Acquired Company for the benefit of any Business Employee or current or former employees or other individual service providers of an Acquired Company, or under or with respect to which an Acquired Company has any Liabilities.

"<u>BG F&A</u>" has the meaning set forth in the Preamble.

"<u>BGSF Professional</u>" has the meaning set forth in the Preamble.

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"<u>Bill of Sale, Assignment and Assumption Agreement</u>" means the Bill of Sale, Assignment and Assumption Agreement, by and between Seller or its Subsidiaries (other than the Acquired Companies) and BGSF Professional in substantially the form attached hereto as <u>Exhibit E</u>.

"<u>Binder Agreement</u>" means that certain binder agreement entered into in connection with the RWI Policy, a true, correct, and complete copy of which is attached hereto as <u>Exhibit C</u>.

"<u>Business</u>" means the business of providing specialized talent or business consultants for information technology ("<u>IT</u>"), managed services, finance, accounting, legal or human resources, including nearshore and offshore IT solutions.

"<u>Business Days</u>" means any day, other than a Saturday, Sunday, or a day on which banking institutions in the State of Texas are authorized or obligated by Law or executive order to close.

"<u>Business Employee</u>" means each current employee employed by Seller or any of its Subsidiaries (i) whose services as an employee are primarily dedicated to the Business, or (ii) who is otherwise agreed upon by Seller and Purchaser, in each case, each of whom is identified on <u>Section 2.1(n)</u> of the Disclosure Letter provided that any individual set forth on Section 2.1(n)(ii) of the Disclosure Letter shall not be a "Business Employee" (each an "Excluded Employee").

"<u>Business Employee Census</u>" has the meaning set forth in <u>Section 2.1(n)(i)</u>.

"<u>Business Intellectual Property</u>" means the Transferred Intellectual Property and the Company Intellectual Property.

"<u>Business Software</u>" has the meaning set forth in <u>Section 2.1(o)(iv)</u>.

"<u>CARES Act</u>" means the Coronavirus Aid, Relief, and Economic Security Act (Pub. L. 116-136) and any administrative or other guidance or legislation published with respect thereto by, or any amendment of such act or any such guidance or legislation by, any Governmental Entity.

"<u>Cash and Cash Equivalents</u>" means, without duplication, all cash on hand in the Acquired Companies' bank and other accounts (including checks, wire transfers, and drafts in transit unless the accounts receivable associated with such checks, wires or drafts are included as a current asset in Working Capital), the value of all marketable securities owned by the Acquired Companies (convertible into cash within 30 days), net of (a) Restricted Cash, (b) checks, wire transfers and drafts issued against accounts of the Acquired Companies, (c) bank overdrafts and negative cash balances in bank and other accounts and (d) cash or cash equivalents received in connection with insurance claim(s) to the extent the underlying damage, destruction or loss giving rise thereto has not been cured or remediated.

"<u>Closing</u>" has the meaning set forth in <u>Section 1.7</u>.

"<u>Closing Amount</u>" has the meaning set forth in <u>Section 1.8</u>.

"<u>Closing Cash and Cash Equivalents</u>" means the (i) Cash and Cash Equivalents of the Acquired Companies as of the Adjustment Calculation Time minus (ii) any Cash and Cash Equivalents of the Acquired Companies that is paid or otherwise remitted or distributed by the Acquired Companies after the Adjustment Calculation Time and prior to the Closing to any

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Person, other than payments to unaffiliated third party trade creditors in the ordinary course of business consistent with past practice in respect of liabilities included in Working Capital.

"<u>Closing Date</u>" has the meaning set forth in <u>Section 1.7</u>.

"<u>Closing Indebtedness</u>" means the Indebtedness of the Acquired Companies as of immediately prior to the Closing.

"<u>Closing Statement</u>" has the meaning set forth in <u>Section 1.11(a)</u>.

"<u>Closing Working Capital</u>" means the aggregate Working Capital of the Acquired Companies as of the Adjustment Calculation Time.

"<u>Code</u>" means the Internal Revenue Code of 1986, as amended.

"<u>Combined Tax</u>" means (i) with respect to Seller, any Tax with respect to which any of the Acquired Companies has filed or will file a Tax Return with Seller and/or any Affiliate of Seller (A) on an affiliated, combined, consolidated or unitary basis, or (B) as a disregarded subsidiary of Seller or of any Affiliate of Seller, and (ii) with respect to Purchaser, any Tax with respect to which any of the Acquired Companies has filed or will file a Tax Return with Purchaser and/or any Affiliate of Purchaser (A) on an affiliated, combined, consolidated or unitary basis, or (B) as a disregarded subsidiary of Purchaser or of any Affiliate of Purchaser.

"<u>Combined Tax Return</u>" means any Tax Return for a Combined Tax that is filed or required to be filed and that includes any of the Acquired Companies on the one hand, and (i) with respect to the Seller, Seller and/or any of its Affiliates (other than the Acquired Companies), on the other hand, and (ii) with respect to the Purchaser, Purchaser and/or any of its Affiliates (other than the Acquired Companies), on the other hand.

"<u>Commingled Books and Records</u>" has the meaning set forth in <u>Section 3.3(c)</u>.

"<u>Company</u>" has the meaning set forth in the Preamble.

"<u>Company Benefit Plan</u>" means each Benefit Plan designated as a Company Benefit Plan on <u>Section 2.1(h)</u> of the Disclosure Letter that is sponsored or maintained exclusively by an Acquired Company.

"<u>Competing Business</u>" means the business of providing specialized talent or business consultants for IT, managed services, finance, accounting, legal or human resources, including nearshore and offshore IT solutions.

"<u>Company Intellectual Property</u>" means all Intellectual Property owned or purported to be owned by the Acquired Companies.

"<u>Confidentiality Agreement</u>" means that certain Confidentiality Agreement, dated as of May 21, 2024, between A&M Capital Advisors, LP and Seller.

"<u>Consent</u>" has the meaning set forth in <u>Section 1.5(a)</u>.

"<u>Continuing Employees</u>" means each Business Employee who continues to remain employed with the Acquired Companies, Purchaser, or an Affiliate of Purchaser immediately following the Closing.

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"<u>Contract</u>" means any type of agreement, lease, license, contracts, note, bond, mortgage, indentures, guarantee, understanding, purchase order, obligation, instrument or arrangement that is binding upon a Person or any of its property under applicable Law, including all amendments and modifications thereto.

"<u>Covered Taxes</u>" means (i) any Liabilities for sales, use or similar Taxes imposed by the states of Connecticut, Iowa, New Mexico, Ohio, Pennsylvania, South Dakota, West Virginia and District of Columbia with respect to any Pre-Closing Tax Period, (ii) any Liabilities (including Assumed Liabilities) for sales, use or similar Taxes that have been collected but not remitted to the applicable Governmental Entities by the Acquired Companies in any Pre-Closing Tax Period, (iii) any Liabilities (including Assumed Liabilities) for sales, use or similar Taxes that have been erroneously collected in any Pre-Closing Tax Period, and (iv) any Liabilities (including Assumed Liabilities) for or in respect of any "employee retention tax credits" under the CARES Act received or applied by an Acquired Company during a Pre-Closing Tax Period.

"<u>D&O Indemnified Parties</u>" has the meaning set forth in <u>Section 3.7(a)</u>.

"<u>D&O Insurance</u>" has the meaning set forth in <u>Section 3.7(b)</u>.

"<u>D&O Tail Policy</u>" has the meaning set forth in <u>Section 3.7(b)</u>.

"<u>Disclosure Letter</u>" has the meaning set forth in <u>Section 2.1</u>.

"<u>Debt Financing</u>" means the debt financing amount incurred or intended to be incurred pursuant to the Debt Financing Commitment Letter.

"<u>Debt Financing Commitment Letter</u>" means the debt commitment letter and related fee letter, pursuant to which the financial institutions party thereto have agreed to provide or cause to be provided, among other things, subject to the terms and conditions set forth therein, the debt financing set forth therein for the purposes of financing a portion of the Transaction, including the payment of the Closing Amount.

"<u>Debt Financing Document</u>" means any Ancillary Financing Document and any credit agreement, mezzanine note purchase agreement, loan document or any related security agreement pursuant to which the Debt Financing will be governed.

"<u>Debt Financing Source</u>" means any Person that has committed to provide or arrange and has entered into agreements in connection with the Debt Financing or alternative debt financings in connection with the Transaction and any parties named in the Debt Financing Commitment Letter and any joinder agreements, indentures or credit agreements entered into pursuant thereto or relating thereto, including any additional lenders, agent, arrangers and other entities joined to the Debt Financing Commitment Letter after the date hereof, together with their respective Affiliates involved in the Debt Financing, their respective Affiliates' officers, directors, employees, controlling persons, agents and representatives and their respective successors and assigns.

"<u>DGCL</u>" has the meaning set forth in the Recitals.

"<u>Disputed Item</u>" has the meaning set forth in <u>Section 1.11(b)</u>.

"<u>End-of-Use Date</u>" has the meaning set forth in <u>Section 3.19(a)</u>.

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"<u>Environmental Law</u>" means any Law or Order applicable to the Business, the Acquired Companies, or the Transferred Assets concerning (A) pollution, the protection of the environment (including air, water, soil, and natural resources), or public or worker health or safety (including human exposure to Hazardous Substances), or (B) the manufacturing, processing, distribution, discharge, presence, generation, use, storage, handling, treatment, transport, release, threatened release, or disposal of Hazardous Substances.

"<u>Equity Financing</u>" has the meaning set forth in <u>Section 2.1(l)</u>.

"<u>Equity Financing Commitment Letter</u>" means the equity financing commitment letter attached as <u>Exhibit F</u> (Equity Financing Commitment Letter), delivered to Seller and dated as of the date hereof, between Purchaser and the Guarantors, pursuant to and on which such Persons have committed to invest or cause to be invested in the equity capital of Purchaser the amount set forth therein for the purposes of financing the transactions contemplated hereby and by the Transaction Agreements, the payments required to be made under <u>Section 1.10</u>, together with all exhibits, annexes, schedules, term sheets and fee letters thereto.

"<u>Equity Financing Source</u>" means any Person that has committed to provide the Equity Financing pursuant to the Equity Financing Commitment Letter.

"<u>Equity Interests</u>" means all (A) of the shares of capital stock, partnership interests, membership interests beneficial interests, any other equity interests or securities or agreements providing for profit participation features, equity appreciation rights, phantom equity or similar rights to participate in profits of any Person, (B) any obligations convertible into or exchangeable for, or giving any Person a right, option, or warrant to acquire, any of the items described in the foregoing clause and (C) obligations, evidences of indebtedness or other securities or interests convertible or exchangeable into securities described in the foregoing clauses of this definition.

"<u>ERISA</u>" means the Employee Retirement Income Security Act of 1974, as amended.

"<u>Escrow Agent</u>" means Citibank, N.A.

"<u>Escrow Agreement</u>" means that certain Escrow Agreement substantially in the form attached hereto as <u>Exhibit B</u>.

"<u>Escrow Funds</u>" has the meaning set forth in <u>Section 1.12</u>.

"<u>Estimated Closing Amount</u>" has the meaning set forth in <u>Section 1.9</u>.

"<u>Estimated Closing Statement</u>" has the meaning set forth in <u>Section 1.9</u>.

"<u>Excess Amount</u>" has the meaning set forth in <u>Section 1.11(g)(i)</u>.

"<u>Exchange Act</u>" means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

**"**<u>Excluded Assets</u>" has the meaning set forth in <u>Section 1.2</u>.

"<u>Excluded Item</u>" means (a) any Liability of any Acquired Company resulting from any action taken on the Closing Date on or after the Closing by or on behalf of Purchaser or any of its Affiliates (for the avoidance of doubt, other than, prior to or at the Closing, the Acquired

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Companies), including in connection with any equity or debt financing sourced by Purchaser or any of its Affiliates (for the avoidance of doubt, prior to or at the Closing, other than the Acquired Companies), or (b) any Liability that is otherwise the express obligation of Purchaser or any of its Affiliates (for the avoidance of doubt, other than, prior to or at Closing, the Acquired Companies) pursuant to the terms of this Agreement or any Transaction Agreement.

"<u>Excluded Liabilities</u>" has the meaning set forth in <u>Section 1.4</u>.

"<u>Ex-Im Laws</u>" means all U.S. and non-U.S. Laws relating to export, reexport, transfer, and import controls, including the Export Administration Regulations, the customs and import Laws administered by U.S. Customs and Border Protection, and the EU Dual Use Regulation.

"<u>Final Closing Amount</u>" has the meaning set forth in <u>Section 1.11(a)</u>.

"<u>Financial Statements</u>" has the meaning set forth in <u>Section 2.1(e)(i)</u>.

"<u>Financing</u>" means the Equity Financing and the Debt Financing.

"<u>Financing Conditions</u>" means the conditions precedent to the Equity Financing set forth in the Equity Financing Commitment Letter.

"<u>Foreign Purchased Equity</u>" has the meaning set forth in the Recitals.

"<u>Former Business Employee</u>" shall mean each individual who was formerly employed by Seller or any of its Subsidiaries and who, through their employment with Seller or such Subsidiaries of Seller, was Primarily Related to the Business.

"<u>Fraud</u>" means, with respect to a Party, actual and intentional (and not constructive or imputed) fraud in the making of a representation or warranty expressly contained in (x) <u>Sections 2.1</u> or <u>2.2</u> of this Agreement (in each case, as modified by the Disclosure Letter), or (y) the certificate delivered pursuant to Section 4.3(c), the Transition Services Agreement or the Escrow Agreement, by such Person, and requires that: (a) such Person to be charged with such fraud made a false representation of material fact in <u>Sections 2.1</u> or <u>2.2</u> of this Agreement (including any "bringdown" or other confirmation with respect to any such representation or warranty) or of any representation expressly contained in the certificate delivered pursuant to Section 4.3(c), the Transition Services Agreement and the Escrow Agreement; (b) such Person had actual knowledge (and not constructive or imputed knowledge) that such representation was actually false when made and acted with scienter; (c) the false representation caused the Party to whom it was made, in justifiable reliance upon such false representation, to take or refrain from taking action; and (d) the Party to whom the false representation was made suffered damage by reason of such reliance; <u>provided</u> that, notwithstanding anything to the contrary, for purposes of this definition, any director, officer, manager, employee or representative of Seller that engages in Fraud (for this purpose, replacing "Party" with such Person) shall be attributable to Seller as a party to the Agreement. For the avoidance of doubt, "Fraud" shall not include any claim for equitable fraud, promissory fraud, unfair dealings fraud, omission, any tort (including any claim for fraud) to the extent based on constructive knowledge, negligent or reckless misrepresentation, extra-contractual fraud, constructive fraud, and other fraud-based claims.

"<u>Fundamental Representations</u>" means <u>Section 2.1(a)</u> (*Organization, Good Standing, and Qualification*), except for the last sentence of <u>Section 2.1(a)</u>; <u>Section 2.1(b)</u> (*Ownership of Acquired Companies*); <u>Section 2.1(c)</u> (*Authorization*); clause (A) of <u>Section 2.1(d)(ii)</u> (*No* 

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*Violation of Organizational Documents*); <u>Section 2.1(s)</u> (*Affiliate Transactions)*; <u>Section 2.1(t)</u> (*Brokers and Finders*); and <u>Section 2.1(w)</u> (*Sufficiency of Assets*).

"<u>GAAP</u>" means U.S. generally accepted accounting principles.

"<u>Governmental Entity</u>" means in any jurisdiction, any (w) federal, state, provincial, local, foreign, or international government, (x) court, arbitral, or other tribunal, (y) governmental or quasi-governmental authority of any nature (including any political subdivision, instrumentality, branch, department, official, or entity) or (z) agency, board, bureau, commission, authority, or body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature.

"<u>Guarantor</u>" has the meaning set forth in the Guaranty.

"<u>Guaranty</u>" has the meaning set forth in the Recitals.

"<u>Hazardous Substance</u>" means any substance, material or waste regulated, listed, defined, designated, or classified as hazardous, toxic, a pollutant, a contaminant or radioactive, or words of similar import, or for which liability or standards of conduct may be imposed under, any Environmental Law, including toxic substances, hazardous substances, asbestos or asbestos-containing materials, PCBs, per- and polyfluoroalkyl substances, mold, lead, petroleum, or petroleum products or byproducts.

"<u>Inactive Employee</u>" has the meaning set forth in <u>Section 3.6(c)</u>.

"<u>Income Tax</u>" means any Tax (however denominated or collected) imposed on or by reference to net income or profits and franchise, gross receipts, doing business, or occupation Taxes imposed in lieu thereof.

"<u>Income Tax Return</u>" means any Tax Return with respect to an Income Tax.

"<u>Indebtedness</u>" means, without duplication, at any date, as applicable, with respect to the Acquired Companies (for the avoidance of doubt, taking into account any Assumed Liabilities) (i) all obligations for borrowed money or in respect of loans or advances; (ii) all obligations of such Person evidenced by bonds (convertible or not), debentures, notes, debt securities or similar instruments; (iii) all obligations in respect of letters of credit and bankers' acceptances or any surety, performance or similar bonds issued for the account of or with respect to such Person, in each case, solely to the extent drawn or called or required to be cash collateralized; (iv) any Liabilities or obligations under leases that are required to be capitalized under GAAP (without giving effect to FASB Accounting Standards Update No. 2016-02, Leases, ASC Topic 842); (v) all obligations for the deferred purchase price of property or services (other than trade accounts payable incurred in the ordinary course of business consistent with past practice which are not past due) and including, for the avoidance of doubt, any earnouts, notes payable or similar obligations related to past acquisitions (at the maximum amount payable) (including any Liabilities pursuant to the Arroyo Letter Agreement other than $618,750); (vi) all obligations (determined on the basis of actual, not notional, obligations) with respect to interest rate protection agreements, interest rate swap agreements, foreign currency exchange agreements, or other interest or exchange rate hedging agreements or arrangements; (vii) all outstanding obligations to current or former equityholders, for any unpaid dividends or distributions; (viii) Accrued Income Taxes; (ix) any unfunded or underfunded liabilities with respect to any termination indemnity, long-service, jubilee or similar non-US pension plan, program or arrangement, (x) any outstanding and unpaid severance, retention or deferred compensation

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obligations in respect of any current or former employee, officer, director or other individual service provider, together with the employer portion of any applicable FICA, state, local or foreign withholding, payroll, social security, unemployment or similar Taxes due with respect to any such payments and calculation as if all such amounts were paid on the Closing Date, (xi) any outstanding and unpaid bonus, commission or incentive obligations in respect of any current or former employee, officer, director or other individual service provider, in each case, with respect to fiscal year ending December 29, 2024, together with the employer portion of any applicable FICA, state, local or foreign withholding, payroll, social security, unemployment or similar Taxes due with respect to any such payments and calculation as if all such amounts were paid on the Closing Date; (xii) any amounts payable by any of the Acquired Companies to the Seller or its Affiliates (other than the Acquired Companies); (xiii) the amount of all customer overpayments, (xiv) all obligations or liabilities of such Person for accrued but unpaid interest, unpaid prepayment penalties, expenses, breakage fees, costs, make whole payments or premiums (to the extent due and payable) with respect to any liability or obligation of a type described in clauses (i) through (xiii); or (xv) guarantees or other similar agreements (contingent or otherwise) by such Person to give assurance to a creditor against loss, directly or indirectly, of payment or collection of any of the indebtedness or obligations of another Person of the type set forth in the foregoing clauses (i) through (xiv); <u>provided</u>, that Indebtedness shall not include (A) ordinary course trade payables between the Acquired Companies and their respective customers, suppliers, or service providers (other than customer overpayments), (B) Transaction Expenses, or (C) any Excluded Item.

"<u>Indemnitee</u>" has the meaning set forth in <u>Section 6.3(a)</u>.

"<u>Indemnitor</u>" has the meaning set forth in <u>Section 6.3(a)</u>.

"<u>Insurance Policies</u>" has the meaning set forth in <u>Section 2.1(r)</u>.

"<u>Intellectual Property</u>" means all intellectual property or propriety rights in any jurisdiction throughout the world, including (A) trademarks, service marks, trade names, trade dress, and other indicia of source or origin, any applications and registrations for the foregoing and the renewals thereof, and all goodwill associated therewith and symbolized thereby (collectively, "Trademarks") and Internet domain names; (B) patents (including utility and design patents) and the applications for the same, including any divisions, revisions, supplementary protection certificates, continuations, continuations-in-part, reissues, re-examinations, substitutions and extensions thereof; (C) trade secrets and processes, know-how, methods, techniques, research and development, drawings, specifications, layouts, designs, formulae, algorithms, plans, proposals, technical data, financial, business and marketing plans and proposals, customer and supplier lists and data, and price and cost information; (D) copyrights, including copyrights in all published and unpublished works of authorship and any registrations and applications, and renewals, extensions, restorations and reversions thereof; and (E) rights in Software.

"<u>Intercompany Agreements and Accounts</u>" has the meaning set forth in <u>Section 2.1(j)(iii)</u>.

"<u>Intervening Event"</u> has the meaning set forth in <u>Section 3.13(d)(i)</u>.

"<u>IRS</u>" means the Internal Revenue Service of the United States.

"<u>IT Systems</u>" means all of the following whether owned by the Acquired Companies, or used by or for, the Acquired Companies in the operation of the Business: servers, hardware systems, software, websites, databases, circuits, networks and other computer and telecommunication assets and equipment, and all other information technology equipment and

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related items of automated, computerized or software systems, together with all information contained therein or transmitted thereby, including any outsourced systems and processes (e.g., hosting locations) and all associated documentation.

"<u>Knowledge</u>" means, with respect to the Acquired Companies, the actual knowledge (not constructive or imputed knowledge) of Eric Peters, Beth Garvey, Keith Schroeder, Matt Murray and Luis Fernando Sanchez, in each case, with a reasonable duty of inquiry.

"<u>Labor Agreement</u>" has the meaning set forth in <u>Section 2.1(n)(iii)</u>

"<u>Latest Balance Sheet Date</u>" has the meaning set forth in <u>Section 2.1(e)(i)</u>.

"<u>Latest Financial Statements</u>" has the meaning set forth in <u>Section 2.1(e)(i)</u>.

"<u>Law</u>" means any foreign, federal, state, or local constitution, act, treaty, statute, law (including common law), ordinance, regulation, rule, code, notices of violation or requirement having the force of law.

"<u>Lease</u>" has the meaning set forth in <u>Section 2.1(k)(ii)</u>.

"<u>Leased Real Property</u>" and "Leased Real Properties" has the meaning set forth in <u>Section 2.1(k)(ii)</u>.

"<u>Liabilities</u>" means all debts, liabilities, guarantees, assurances, commitments, expenses and obligations of any kind, whether fixed, contingent or absolute, matured or unmatured, liquidated or unliquidated, accrued or not accrued, known or unknown, due or to become due.

"Licensee" has the meaning set forth in Section 3.19(a).

"<u>Lien</u>" means any lien, license, pledge, mortgage, deed of trust, security interest, charge, claim, easement, encroachment, or servitude.

"<u>Losses</u>" means all losses, costs, interest, charges, expenses (including reasonable and documented out-of-pocket (i) costs of investigation, defense and enforcement and (ii) attorneys' fees and disbursements), liabilities, settlement payments, awards, judgments, fines, penalties, Taxes, damages, or assessments of any kind or nature (including, for the avoidance of doubt, those related to any claim, charge, demand, action, cause of action, audit, complaint, investigation, inquiry, suit, arbitration, indictment, litigation, hearing or other proceeding by or before any Governmental Entity and regardless of whether involving or relating to a third-party claim or otherwise).

"<u>Marketing Efforts</u>" means (a) the Purchaser's preparation of the Marketing Material and (b) the delivery of customary authorization letters and confirmations in connection with the Marketing Material with respect to presence or absence of material non-public information and material accuracy of the information contained therein.

"<u>Marketing Material</u>" means a customary "private side" bank book, a customary lender presentation or similar documents or materials regarding the business, operations, financial condition, projections and prospects of each Acquired Company and its Subsidiaries (including the Transferred Assets) or otherwise to be used by Purchaser and the Debt Financing Sources in connection with a syndication and marketing of the Debt Financing.

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"<u>Material Adverse Effect</u>" means any event, change, fact, circumstance, occurrence, effect, or development (each, an "<u>Effect</u>") that, individually or in the aggregate, (i) is or would reasonably be expected to have a material adverse effect on the condition (financial or otherwise), business, assets, properties or results of operations of the Acquired Companies or the Business, taken as a whole or (ii) prevents or delays in any material respect the ability of Seller or its Subsidiaries or the Acquired Companies to timely consummate the transactions contemplated hereby; <u>provided</u>, <u>however</u>, in the case of clause (i), none of the following Effects shall, either alone or in combination, constitute or be taken into account in determining whether there has been, is or would be a Material Adverse Effect: (A) any changes in global, national, or regional economic or political conditions; (B) any changes in conditions generally affecting the industries in which the Acquired Companies operate; (C) securities, credit, financial, commodity, or other capital markets Effects, in each case in the U.S. or any foreign jurisdiction, including changes in taxes or interest rates or exchange rates for the currencies of any country; (D) any failure, in and of itself, by the Acquired Companies to meet any internal or published plans, projections, forecasts, estimates, budgets, or predictions in respect of revenues, earnings, or other financial or operating metrics for any period (<u>provided</u>, that, the exception in this clause (D) shall not prevent or otherwise affect a determination that an Effect (not otherwise excluded from the definition of Material Adverse Effect) underlying such failure has resulted in or contributed to a Material Adverse Effect); (E) the execution and delivery of this Agreement or pendency of the transactions contemplated by this Agreement, including, to the extent related to the foregoing, the impact thereof on the relationships, contractual or otherwise, of the Acquired Companies with their employees, customers, suppliers, or other third parties (provided that this exception shall not apply (1) to the representations and warranties in <u>Section 2.1(d)(ii)</u> or the bringdown of such representations and warranties in <u>Section 4.2(a)</u> to the extent any of the foregoing relate to or arise out of any breach by Seller of any of its representations and warranties thereunder or (2) to the extent related to or arising out of any breach by Seller or any of its Affiliates of their respective covenants or agreements hereunder); (F) changes or proposed changes in GAAP or other accounting regulations or in Laws or the repeal, enforcement, or interpretation thereof, in each case, following the date hereof; (G) any geopolitical conditions, the outbreak or escalation of hostilities, any acts of war, sabotage, terrorism, or military actions, or any escalation or worsening of any such hostilities, acts of war, sabotage, terrorism or military actions threatened or underway as of the date of this Agreement; (H) any change resulting from or arising out of a hurricane, earthquake, flood, or other natural disaster, or "acts of God"; (I) any action of the Seller or the Acquired Companies required to be taken by this Agreement or taken at the written request or with the written consent of Purchaser; (J) any change resulting or arising from the identity of, or any facts or circumstances relating to, Purchaser or its Affiliates; (K) the availability or cost of equity, debt, or other financing to Purchaser; (L) any public disclosure by Purchaser regarding its plans with respect to the conduct of the Business following Closing and any action or communication by Purchaser with respect to or to the Acquired Companies' employees; or (M) any epidemics, pandemics, or disease outbreaks (including COVID-19 or any variants thereof), or any Law, order, recommendation, directive, pronouncement, or guideline of or issued by a Governmental Entity, the Centers for Disease Control and Prevention, the World Health Organization, or any industry group in respect of business closures, "sheltering-in-place," curfews, or other restrictions that relate to, or arise out of, an epidemic, pandemic, or disease outbreak (including the COVID-19 or any variants thereof), or any change in such Law, order, recommendation, directive, pronouncement, or guideline, or interpretation thereof; <u>provided</u>, <u>however</u>, that any Effect arising out of or resulting from any change or event referred to in clause (A), (B), (C), (F), (G), (H), or (M) may constitute, and be taken into account in determining the occurrence of, a Material Adverse Effect if such Effect has or is reasonably expected to have a disproportionate impact on the Acquired Companies or the Business compared to any other companies that operate in the industries or markets in which the Acquired Companies or the Business operates.

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"<u>Material Contracts</u>" means all of the following Contracts binding on an Acquired Company or Seller or its Subsidiaries (with respect to the Business):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;all Contracts relating to the borrowing of money or Indebtedness or extension of creditor to mortgaging, pledging or otherwise placing a Lien on any portion of the Acquired Companies' assets or Business' (including the Transferred Assets), including any guarantees thereof; or relating to any Surety Bonds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;each Contract for supply, inventory, purchase, or advertising for more than $100,000 per year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;each Contract with a Material Customer, Material Technology Partner and any other Company Contract for the sale of any product or service for more than $100,000 per year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;all Contracts (i) relating to the lease or disposition by an Acquired Company or the Business (other than sales of products or services in the ordinary course consistent with past practice) or (ii) for the acquisition by the Acquired Companies or Business of the assets or business of any other Person (other than purchases of inventory or components in the ordinary course consistent with past practice) which contain any earn-out, deferred or contingent purchase price or other similar payment obligations which remain outstanding or any material continuing obligations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;each Contract between an Acquired Company or Seller or its Subsidiaries to the extent related to the Business and any of their current or former directors or managers, officers, employees or independent contractors (other than indemnity agreements with directors, managers, officers, employees, or agents such Persons have entered into in the ordinary course consistent with past practice) pursuant to which such Acquired Company or the Business has continuing obligations, in each case, other than any such Contract that is terminable "at will" (or following a thirty (30) days' or less notice period imposed by applicable Law) without any obligation on the part of such Acquired Company or Seller or such Subsidiaries to make any severance, termination, change in control, or similar payment or to provide any benefit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6)&nbsp;&nbsp;&nbsp;&nbsp;Contracts that involved consideration of more than $100,000 in the 12-month period;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7)&nbsp;&nbsp;&nbsp;&nbsp;any non-competition Contract or other Contract that (i) limits or purports to limit (x) the type of business in which the Acquired Companies or the Business may engage, or (y) the manner or locations in which an Acquired Company or the Business may so engage in any business, (ii) would require the disposition of any assets (outside of the ordinary course of business consistent with past practice) or line of business of an Acquired Company or the Business, (iii) grants "most favored nation" status or is a "requirements" contract, (iv) prohibits an Acquired Company or the Business from soliciting for employment or hiring any Person for employment or (v) grants to any third Person any exclusive rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)&nbsp;&nbsp;&nbsp;&nbsp;all Contracts for the employment or engagement of any current or former employees, officers, directors or independent contractors providing for annual compensation at or above $200,000 per year;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9)&nbsp;&nbsp;&nbsp;&nbsp;all Contracts related to management, consulting, independent contracting, subcontracting, retainer or other similar type of Contract under which services are provided for by fees or fees are paid to any Person, in each case that requires payment by or to the Acquired

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Companies or Seller or its Subsidiaries to the extent related to the Business in excess of $200,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10)&nbsp;&nbsp;&nbsp;&nbsp;each Contract (i) relating to the licensing or use of Intellectual Property, (ii) for the acquisition, divestiture, or development of Intellectual Property, or (iii) affecting the Business' or the Acquired Companies' ability to use, enforce, or disclose any Intellectual Property or arising out of an Intellectual Property-related dispute, including coexistence arrangements, settlement contracts, consent to use contracts, in each case of (i)-(iii), other than the following: (x) unmodified, off-the-shelf software licenses with an annual fee, royalty, or other consideration of no more than $100,000, (y) contracts with employees entered into in the ordinary course of business consistent with past practice on Seller's, Seller's Subsidiaries, or any Acquired Company's form employment agreement, and (z) contracts pursuant to which an Acquired Company grants non-exclusive licenses of Business Intellectual Property to customers in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11)&nbsp;&nbsp;&nbsp;&nbsp;all Leases and all other Contracts under which the Acquired Companies or the Business are lessees of, or holds or operates any personal property owned by any other party, for which the annual payments by or to the Acquired Companies or the Seller or its Subsidiaries to the extent related to the Business exceed $50,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12)&nbsp;&nbsp;&nbsp;&nbsp;all joint venture, partnership agreements, limited liability company agreements and any other similar Contracts involving a sharing of profits or losses, costs or liabilities by the Acquired Companies or the Business with any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13)&nbsp;&nbsp;&nbsp;&nbsp;all Labor Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14)&nbsp;&nbsp;&nbsp;&nbsp;any settlement, conciliation or similar Contracts with any Governmental Entity or pursuant to which the Acquired Companies or the Business has any outstanding obligation after the date of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15)&nbsp;&nbsp;&nbsp;&nbsp;any Contract that grants an option to acquire, sell, lease or license any material asset of the Acquired Companies or the Business or that grant any right of first offer, right of first refusal or right of first negotiation in respect of any material asset of the Acquired Companies or the Business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16)&nbsp;&nbsp;&nbsp;&nbsp;all Intercompany Agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17)&nbsp;&nbsp;&nbsp;&nbsp;all Shared Contracts; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18)&nbsp;&nbsp;&nbsp;&nbsp;any commitment or arrangement to enter into any of the foregoing.

"<u>Material Customers</u>" has the meaning set forth in <u>Section 2.1(v)</u>.

"<u>Multiemployer Plan</u>" has the meaning set forth in <u>Section 2.1(h)(ii)</u>.

"<u>Non-Assignable Assets</u>" has the meaning set forth in <u>Section 1.5(a)</u>.

"<u>Non-Assumable Liabilities</u>" has the meaning set forth in <u>Section 1.5(a)</u>.

"<u>Non-U.S. Plan</u>" has the meaning set forth in <u>Section 2.1(h)(viii)</u>.

"<u>Notice of Disagreement</u>" has the meaning set forth in <u>Section 1.11(b)</u>.

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"<u>NYSE</u>" means The New York Stock Exchange and any successor stock exchange.

"<u>Order</u>" means any judgment, award, decision, regulation, decree, directive, determination, verdict, order, consent order, consent decree, writ, declaration, or injunction.

"<u>Organizational Documents</u>" means (i) the articles or certificate of incorporation and the bylaws of a corporation, (ii) the certificate of formation or articles of organization and the operating agreement of a limited liability company, (iii) the partnership agreement and any statement of partnership of a general partnership, (iv) the limited partnership agreement and the certificate of limited partnership of a limited partnership, (v) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a Person and (vi) any amendment to or restatement of any of the foregoing.

"<u>Other Required Filing</u>" has the meaning set forth in <u>Section 3.23(a)</u>.

"<u>Owned Real Property</u>" or "Owned Real Properties" has the meaning set forth in <u>Section 2.1(k)(i)</u>.

"<u>Party</u>" or "Parties" has the meaning set forth in the Preamble.

"<u>Payoff Letters</u>" has the meaning set forth in <u>Section 4.2(e)</u>.

"<u>Permits</u>" means all licenses, permits, approvals, decisions, Orders, stipulations, awards, authorizations, registrations, findings of suitability, determinations of qualification, franchises, exemptions, waivers, concessions, and entitlements of any Governmental Entity.

"<u>Permitted Liens</u>" shall mean (A) Liens for Taxes, special assessments, or other governmental charges not yet due and payable as of the Closing Date or the amount or validity of which is being contested in good faith by appropriate Proceedings and for which appropriate reserves have been established in accordance with GAAP, (B) landlords', warehousemen's, mechanics', materialmen's, repairmen's, carriers' or similar Liens that relate to obligations not due and payable and arise in the ordinary course of business consistent with past practice or that are being contested in good faith by appropriate Proceedings and for which, if applicable, appropriate reserves have been established in accordance with GAAP, (C) Liens incurred or deposits or pledges made in the ordinary course of business consistent with past practice in connection with, or to secure payment of, workers' compensation, unemployment insurance, and other types of social security or to secure the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and return of money bonds and similar obligations, (D) zoning, building, entitlement and other land use regulations promulgated by Governmental Entities which are not violated by the current use or occupancy of such Real Property or the operation of the business thereon, (E) the unsecured interests of the lessors and sublessors of any Leased Properties permitted by the applicable lease, (F) easements, rights of way, and other imperfections of title or encumbrances that do not materially interfere with the present or intended uses or occupancy of the property related thereto, and (G) Liens arising under original purchase price conditional sales contracts and equipment leases entered into in the ordinary course of business consistent with past practice.

"<u>Person</u>" means any individual, corporation (including not-for-profit), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, Governmental Entity, or other entity of any kind or nature.

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"<u>Personal Information</u>" means (i) information related to, or reasonably capable of being associated or linked with, an identified or identifiable individual or household (e.g., name, address, telephone number, email address, financial account number, government-issued identifier) or device, or (ii) any other similar information or data regulated by or defined as "personal information" or similar terms under applicable Laws.

"<u>Post-Closing Representation</u>" has the meaning set forth in <u>Section 7.15</u>.

"<u>Pre-Closing Period</u>" means any taxable year or period ending on or before the Closing Date and, in the case of a taxable year or period that includes, but does not end on, the Closing Date, the portion of such year or period ending at the end of the Closing Date.

"<u>Pre-Closing Representation</u>" has the meaning set forth in <u>Section 7.15</u>.

"<u>Primarily Related to the Business</u>" shall mean primarily related to, primarily used in, or primarily held for use by Seller or its Subsidiaries in connection with the Business.

"<u>Prior Counsel</u>" has the meaning set forth in <u>Section 7.15</u>.

"<u>Prior Years Financial Statements</u>" has the meaning set forth in <u>Section 2.1(e)(i)</u>.

"<u>Privacy Requirements</u>" means, collectively, all of the following to the extent relating to the access, collection, use, processing, storage, sharing, sale, disclosure, or security of Personal Information, payment card data, or otherwise relating to privacy, security, or security breach notification requirements: (i) Seller's and the Acquired Companies' privacy policies, and procedures, (ii) all applicable Laws and all industry standards (including the Payment Card Industry Data Security Standard (PCI DSS), if applicable), and (iii) contracts and agreements into which any Acquired Company has entered or by which it is otherwise bound.

"<u>Proceeding</u>" means an action, arbitration, audit, claim, hearing, litigation, or suit (whether civil, criminal, administrative, investigative, or informal) commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Entity.

"<u>Purchased Equity</u>" has the meaning set forth in the Recitals.

"<u>Purchaser</u>" has the meaning set forth in the Preamble.

"<u>Purchaser Confidential Information</u>" has the meaning set forth in <u>Section 3.21(a)</u>.

"<u>Purchaser Indemnified Party</u>" has the meaning set forth in <u>Section 6.2(a)</u>.

"<u>Purchaser Related Parties</u>" has the meaning set forth in <u>Section 5.2(b)</u>.

"<u>Purchaser Released Parties</u>" has the meaning set forth in <u>Section 7.1(b)</u>.

"<u>Purchaser Releasing Party</u>" has the meaning set forth in <u>Section 7.1(a)</u>.

"<u>Purchaser Termination Fee</u>" has the meaning set forth in <u>Section 5.2(b)</u>.

"<u>Purchaser's Knowledge</u>" means, with respect to the Purchaser, the actual knowledge (not constructive or imputed knowledge) of Todd Rubin and Alex Nivelle, in each case with a reasonable duty of inquiry.

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"<u>Real Property</u>" means, collectively, the Owned Real Properties and the Leased Real Properties.

"<u>Regulatory Condition</u>" has the meaning set forth in <u>Section 4.1(a)</u>.

"<u>Related Party</u>" has the meaning set forth in <u>Section 2.1(s)(i)</u>.

"<u>Representatives</u>" means, with respect to any Person, such Person's officers, directors, managers, employees, contractors, principals, equityholders, stockholders, members, trustees, beneficiaries, financial advisors, investment bankers, attorneys, accountants, consultants, agents, and any other advisors or representatives.

"<u>Required Information</u>" means the financial and related information reasonably requested by Purchaser and necessary to permit Purchaser to prepare pro forma financial statements.

"<u>Requisite Stockholder Approval</u>" has the meaning set forth in <u>Section 2.1(c)(i)</u>.

"<u>Resolution Period</u>" has the meaning set forth in <u>Section 1.11(b)</u>.

"<u>Restricted Cash</u>" means cash or cash equivalents (a) held in escrow or as a security or other deposit, held for or on behalf of a customer, or deposited with a customer, in each case, if usage of, or access to, such cash or cash equivalents is restricted by Law or Contract, including any cash or cash equivalents held in escrow or in respect of securing rent deposits or employee withholding as collateral in respect of any obligations of any party, or (b) that are not otherwise freely usable by the Acquired Companies immediately following the Closing because they are subject to restrictions or limitations on use or distribution by Law or Contract.

"<u>Restricted Territory</u>" means the United States, Canada, United Kingdom, France, Colombia, Mexico, India, Dominican Republic, Argentina and each other country in which the Business operates or engages in business (whether directly or indirectly through third parties) as of the Closing Date.

"<u>RWI Insurer</u>" means Great American E&S Insurance Company and any other insurer issuing the RWI Policy.

"<u>RWI Policy</u>" means the buyer-side representation and warranty insurance policies (including any excess policies related thereto) attached hereto as <u>Exhibit C</u>.

"<u>RWI Policy Costs</u>" means all premium payments, brokerage commissions (to the extent not included in premium), surplus lines, premium tax, and any other applicable taxes, underwriting or other fees, costs, expenses, surplus lines or surcharges, in each case, incurred by Purchaser or its Affiliates or payable in respect of the procurement of the RWI Policy.

"<u>Sanctioned Country</u>" means any country or region or government that is, or has been in the last five years, the subject or target of a comprehensive embargo under Trade Controls (including Cuba, Iran, North Korea, Syria, Venezuela, the Crimea region of Ukraine, the so-called "Donetsk People's Republic," and the so-called "Luhansk People's Republic").

"<u>Sanctioned Person</u>" means any Person that is the subject or target of sanctions or restrictions under Trade Controls including: (i) any Person listed on any U.S. or non-U.S. sanctions- or export-related restricted party list, including the U.S. Department of the Treasury

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Office of Foreign Assets Control's ("OFAC") List of Specially Designated Nationals and Blocked Persons, or any other OFAC, U.S. Department of Commerce Bureau of Industry and Security, or U.S. Department of State sanctions- or export-related restricted party list; (ii) any Person located, organized, or ordinarily resident in a Sanctioned Country; (iii) any Person that is, in the aggregate, 50 percent or greater owned, directly or indirectly, or otherwise controlled by a Person or Persons described in clauses (i)-(ii); or (iv) any national of a Sanctioned Country with whom U.S. persons are prohibited from dealing.

"<u>Sanctions</u>" means all U.S. and non-U.S. Laws relating to economic or trade sanctions, including the Laws administered or enforced by the United States (including by OFAC or the U.S. Department of State) and the United Nations Security Council.

"<u>SEC</u>" means the United States Securities and Exchange Commission.

"<u>Section 338(g) Election</u>" has the meaning set forth in <u>Section 3.10(h)</u>.

"<u>Section 338(g) Forms</u>" has the meaning set forth in <u>Section 3.10(h)</u>.

"<u>Securities Act</u>" means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

"<u>Security Incident</u>*"* means any (i) breach of security, phishing incident, ransomware or malware attack affecting any IT Systems, or (ii) incident in which confidential information or Personal Information was or may have been accessed, disclosed, destroyed, processed, used, or exfiltrated in an unauthorized manner (whether any of the foregoing was possessed or controlled by the Acquired Companies, Seller or Seller's Affiliate, (with respect to the Business), or by another Person on behalf of the Business).

"<u>Seller</u>" has the meaning set forth in the Preamble.

"<u>Seller 401(k) Plan</u>" has the meaning set forth in <u>Section 3.6(e)</u>.

"<u>Seller Benefit Plan</u>" means each Benefit Plan that is not a Company Benefit Plan.

"<u>Seller Board</u>" has the meaning set forth in the Recitals.

"<u>Seller Board Recommendation Change</u>" has the meaning set forth in <u>Section 3.13(c)(i)</u>.

"<u>Seller Common Stock</u>" means the Common Stock, par value $0.01 per share, of Seller.

"<u>Seller Confidential Information</u>" has the meaning set forth in <u>Section 3.21(b)</u>.

"<u>Seller</u> Group Tax Claim" has the meaning set forth in <u>Section 3.10(d)</u>.

"<u>Seller Indemnified Party</u>" has the meaning set forth in <u>Section 6.2(b)</u>.

"<u>Seller Licensed IP</u>" means all Intellectual Property, other than Trademarks, owned by Seller or its Affiliates and used by the Acquired Companies in the operation of the Business.

"<u>Seller Related Parties</u>" has the meaning set forth in <u>Section 5.3(g)</u>.

"<u>Seller Released Parties</u>" has the meaning set forth in <u>Section 7.1(a)</u>.

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"<u>Seller Releasing Parties</u>" has the meaning set forth in <u>Section 7.1(b)</u>.

"<u>Seller SEC Documents</u>" means reports, schedules, registration statements, prospectuses, forms, reports, definitive proxy statements, and other documents required to be (or otherwise) filed or furnished by Seller with the SEC under the Exchange Act or Securities Act, including all exhibits and schedules thereto and documents incorporated by reference therein.

"<u>Seller Stockholder Meeting</u>" has the meaning set forth in <u>Section 3.24(a)</u>.

"<u>Seller Termination Fee</u>" has the meaning set forth in <u>Section 5.3</u>.

"<u>Seller Trademarks</u>" means the BGSF Trademark and other Trademarks owned by Seller and its Affiliates and used in the operation of the Business.

"<u>Shared Contracts</u>" means any contract, to which Seller or any of its Affiliates (other than the Acquired Companies) is a party with any non-Affiliated third party and which benefits or otherwise is related to both the Business and the other business of Seller and its Affiliates.

"<u>Shared Contractual Liabilities</u>" shall mean all Liabilities in respect of Specified Shared Contracts from and after the later of (i) the Closing and (ii) the time at which Purchaser or one of its Affiliates obtains all of the claims, rights and benefits under a Specified Shared Contract.

"<u>Software</u>" means all (i) computer programs and software, including firmware, software implementations of algorithms, and software models and methodologies, whether in source code, object code or other form, including libraries, subroutines and other components thereof, (ii) data, databases and other compilations of data or information, and (iii) all documentation related to the foregoing, including development, diagnostic, support, user and training documentation related to any of the foregoing.

"<u>Specified Shared Contract</u>" has the meaning set forth in <u>Section 3.17</u>.

"<u>Straddle Period</u>" means any taxable period that includes (but does not end on) the Closing Date.

"<u>Subsidiary</u>" means, with respect to any Person, any other Person of which at least a majority of the securities or ownership interests having by their terms ordinary voting power to elect a majority of the board of directors or other persons performing similar functions is directly or indirectly owned or controlled by such Person and/or by one or more of its Subsidiaries.

"<u>Superior Proposal</u>" means any *bona fide* unsolicited written Acquisition Proposal for an Acquisition Transaction on terms that the Seller Board has determined in good faith (after consultation with its financial advisor and outside legal counsel) (i) is reasonably likely to be consummated, in all material respects, in accordance with its terms), taking into account all legal, regulatory and financing aspects of the proposal (including certainty of closing) and the identity of the Person making the proposal and any other aspects of the Acquisition Proposal that the Seller Board deems relevant (including the likelihood of consummation) and (ii), if consummated, would be more favorable from a financial point of view to Seller or the stockholders of Seller than the Transaction (taking into account any revisions to this Agreement made or proposed in writing by Purchaser in accordance with <u>Section 3.13(d)</u> prior to the time of such determination). For purposes of the reference to an "Acquisition Proposal" in this definition,

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all references to "20%" in the definition of "Acquisition Transaction" will be deemed to be references to "80%" and all references to "80%" in the definition of "Acquisition Transaction" will be deemed to be references to "20%".

"<u>Target Closing Working Capital</u>" means $19,773,000.

"<u>Tax</u>" (including, with correlative meaning, the term "<u>Taxes</u>") means all federal, state, local and foreign income, profits, franchise, gross receipts, environmental, customs duty, capital stock, severances, stamp, payroll, sales, employment, unemployment, social security, disability, use, ad valorem, property, license, registration, recording, documentary, conveyancing, gains, withholding, excise, production, value added, transfer, occupancy and other tax, duty, fee, assessment, or other governmental charge in the nature of a tax, together with all interest, penalties and additions imposed with respect to (or in lieu of) such.

"<u>Tax Claim</u>" has the meaning set forth in <u>Section 3.10(d)</u>.

"<u>Tax Proceedings</u>" has the meaning set forth in <u>Section 3.10(b)</u>.

"<u>Tax Return</u>" includes all returns and reports (including elections, declarations, disclosures, and schedules) filed or required to be filed with a Governmental Entity relating to Taxes.

"<u>Tax Sharing Agreement</u>" has the meaning set forth in <u>Section 2.1(m)(xv)</u>.

"<u>Termination Date</u>" has the meaning set forth in <u>Section 5.1(c)</u>.

"<u>Trade Controls</u>" has the meaning set forth in <u>Section 2.1(i)(ii)</u>.

"<u>Transaction</u>" has the meaning set forth in the Recitals.

"<u>Transaction Agreements</u>" means the Bill of Sale, Assignment and Assumption Agreement, the Disclosure Letter, the Escrow Agreement, the Transition Services Agreement, the certificates delivered pursuant to <u>Section 4.2(d)</u> and <u>Section 4.3(c)</u>, the Equity Commitment Financing Letter, and the Guaranty, in each case, including the Exhibits and Schedules thereto (as applicable).

"<u>Transaction Bonus Payments</u>" means the sale, transaction bonuses, change of control, retention, incentive, severance, phantom equity, incentive or deferred compensation payments or similar payments or obligations that are to become payable by the Acquired Companies in connection with the consummation of the transactions contemplated by this Agreement, together with the employer portion of any applicable FICA, state, local or foreign withholding, payroll, social security, unemployment or similar Taxes due with respect to any such payments and calculated as if all such amounts were paid on the Closing Date, excluding any such severance payments or obligations that would become payable as a result of a termination by Purchaser or its Affiliates (including the Acquired Companies after the Closing Date); <u>provided</u>, <u>however</u>, that "Transaction Bonus Payments" shall not include any amount included within Closing Indebtedness or any Transaction Expenses, or any Excluded Items.

"<u>Transaction Expenses</u>" means (a) all of the Acquired Companies' costs, expenses, fees, or charges incurred or payable in connection with the sale process and the preparation, negotiation, execution, and delivery of this Agreement and the Transaction Agreements and the consummation of the Closing including, without limitation, all fees and expenses of attorneys, accountants, consultants, professionals, investment bankers, and other advisors payable by the

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Acquired Companies that have not been paid in full in cash as of the Closing and (b) 50% of the cost of the D&O Tail Policy; <u>provided</u>, <u>however</u>, that "Transaction Expenses" shall not include any amount included within Closing Indebtedness or any Transaction Bonus Payments or any Transfer Taxes, or any Excluded Items.

"<u>Transaction Invoices</u>" has the meaning set forth in <u>Section 4.2(f)</u>.

"<u>Transaction Tax Deductions</u>" means, in each case without duplication and to the extent deductible in a Pre-Closing Period for Income Tax purposes at a "more likely than not" standard or better, (i) the Transaction Expenses, (ii) any item of loss, deduction or credit related to fees, costs and expenses of the Acquired Companies attributable to or arising out of the transactions contemplated by this Agreement, (iii) all success-based fees of professionals (including investment bankers and other consultants and advisors) paid by or on behalf of the Acquired Companies in connection with the transactions contemplated by this Agreement, (iv) the capitalized financing costs and expenses and any prepayment premium or fee as a result of the payoff or satisfaction of any debt of the Acquired Companies in connection with the Closing, (v) all sale, "stay-around", retention, change of control or similar bonuses or payments payable to current or former employees, managers, directors or consultants of the Acquired Companies that are triggered upon the Closing, including any Transaction Bonus Payments, and (vi) any employer-paid payroll Taxes imposed with respect to any of the foregoing. For the purposes of this definition, the Acquired Companies shall make an election under Revenue Procedure 2011-29, 2011-18 IRB, to treat 70% of any success-based fees that were paid by or on behalf of the Acquired Companies as an amount that did not facilitate the transactions contemplated by this Agreement and, therefore, treat 70% of such costs as deductible.

"<u>Transfer Taxes</u>" means all federal, state, local, and non-U.S. transfer, sales, use, gross receipts or compensating (use), registration, conveyance, real property transfer or conveyance, registration, documentary, stamp, value added, or similar Taxes and related fees and costs.

"<u>Transferred Assets</u>" has the meaning set forth in <u>Section 1.1</u>.

"<u>Transferred Books and Records</u>" means the books, records, ledgers, financial statements, tangible data, disks, tapes, other media-storing data and files or other similar information, whether in hardcopy or computer format (or any other format) and whether stored in network facilities or otherwise (collectively, "Books and Records"), in each case, to the extent Primarily Related to the Business or the Transferred Assets or, in the case of employee or personnel files, related to a Business Employee.

"<u>Transferred Contracts</u>" has the meaning set forth in <u>Schedule 1.1</u>.

"<u>Transferred Intellectual Property</u>" has the meaning set forth in Schedule 1.1.

"<u>Transition Services Agreement</u>" means that certain Transition Services Agreement substantially in the form attached hereto as <u>Exhibit D</u>.

"<u>VDA Escrow Deposit</u>" means $1,700,000.

"<u>WARN Act</u>" has the meaning set forth in <u>Section 2.1(n)(v)</u>.

"<u>Willful Breach</u>" has the meaning set forth in <u>Section 5.2(a)</u>.

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"<u>Working Capital</u>" means the current assets (excluding Cash and Cash Equivalents, Income Tax assets and deferred Tax assets), less the current liabilities (excluding all Indebtedness, Transaction Bonus Payments, Transaction Expenses, the Arroyo Earn-Out Amount, Income Tax liabilities and deferred Tax liabilities) of the Acquired Companies, calculated on a consolidated basis in accordance with GAAP applied on a basis consistent with the methodologies, practices, estimation techniques, assumptions and principles used in the preparation of the Financial Statements for the fiscal year ended December 29, 2024 to the extent consistent with GAAP and comprising only those line items (and ignoring the purely illustrative numerical values) identified in <u>Exhibit A</u>.

## Exhibit 10.1

![image.jpg](image.jpg)

June 14, 2025

**<u>By Hand Delivery</u>**

Beth A. Garvey

President and Chief Executive Officer

***RE: Separation Agreement and Mutual Release of Claims***

Dear Beth:

This letter agreement (the "<u>Separation Agreement</u>") is made to be effective June 14, 2025 ("<u>Effective Date</u>") and sets forth the terms and conditions regarding the termination of your employment with B G Staff Services, Inc. (the "<u>Company</u>," and together with its parent company, BGSF, Inc. ("<u>Parent</u>"), and all their respective subsidiaries and affiliates, collectively the "<u>Company Group</u>"), following your voluntary resignation.

To facilitate a smooth and mutually agreeable transition, this Separation Agreement and the Mutual Release of Claims attached hereto as <u>Exhibit A</u> (the "<u>Mutual Release</u>") summarize the terms of your separation, including compensation and benefits.

1.**<u>Termination Date; Transition Period</u>**

Your employment will terminate on July 1, 2025 (the "<u>Termination Date</u>"). From the Effective Date through the Termination Date (the "<u>Transition Period</u>"), the Company will continue to pay your current base salary, reimburse approved business expenses, and maintain your existing employee benefits, all in accordance with its standard practices.

During the Transition Period, you agree to reasonably cooperate with the Company to transition your duties.

2.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Resignation as Officer and Director of the Company</u>**

On the Termination Date, you will and hereby do resign from all roles within the Company Group, including: (a) President and Chief Executive Officer of the Company and Parent; (b) member of the Board of Directors of Parent (the "<u>Board</u>"); and (c) all other positions then held by you as an officer, manager, or member of any board of directors or comparable governing body and any committee thereof, throughout the Company Group. You agree to execute such additional documentation as may be reasonably necessary to formalize these resignations upon request.

3.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Accrued Compensation</u>**

Regardless of whether you sign this Agreement, the Company will pay you (a) your accrued but unpaid base salary earned through (and including) the Termination Date, (b) the amount of any expense reimbursements incurred by you in accordance with the Company's policies through (and including) the Termination Date, and (c) any accrued but unpaid benefits provided under the Company's employee benefit plans, subject to and in accordance with the terms of those plans, in each case, less applicable withholding and employment taxes, all of which shall be paid to you within thirty (30) days after the Termination Date (or such earlier date as may be required by applicable law) or such other date as required under the applicable employee benefit plan. For purposes of this Agreement, the amounts described in this section shall be referred to as the "<u>Accrued Obligations</u>."

4.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Mutual Release</u>**

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![image.jpg](image.jpg)

You and the Company will execute and deliver the Mutual Release no later than July 8, 2025.

5.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Separation Benefits</u>**

If you (a) sign and return this Separation Agreement; (b) execute and deliver the Mutual Release by July 8, 2025, and you do not revoke the Mutual Release (as permitted under Section 1(g) of the Mutual Release); and (c) comply with your obligations under this Separation Agreement, then you will receive and be paid the following (collectively, the "<u>Separation Benefits</u>"):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.*Salary Continuation Payments*. The Company will pay you severance in the total gross amount of $450,507.00 in substantially equal installments over twelve (12) months in accordance with the Company's normal payroll schedule, beginning after July 16, 2025 (the "<u>Salary Continuation Payments</u>") and ending June 30, 2026; *provided*, that the first Salary Continuation Payment will include amounts accrued from the Termination Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.*COBRA Reimbursement*. Your medical and dental insurance continuation rights under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("<u>COBRA</u>") will be provided to you in a separate letter. If you (or your eligible dependents) timely and properly elect COBRA continuation coverage, the Company will continue to pay the cost of the COBRA premiums (grossed up for applicable federal taxes) until the earlier of (i) eighteen (18) months following the Termination Date or (ii) the termination of your rights under COBRA (the "<u>COBRA Reimbursement</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.*Parent Stock Options and Restricted Stock*. As of the date of this Separation Agreement, you hold the options to acquire Parent common stock set forth on <u>Exhibit B</u> (the "<u>Options</u>") and those Restricted Shares in Parent set forth on <u>Exhibit C</u> ("<u>Restricted Shares</u>"). Except as modified and amended herein, the applicable plan and award agreements for the Option and Restricted Shares shall continue to govern the terms of the Options and Restricted Shares granted pursuant thereto without regard to this Separation Agreement; *provided, however*, that Parent will cause (i) each unvested Option and Restricted Share that is outstanding on the Termination Date to be fully vested (and, in the case of such Options, exercisable) on July 17, 2025, and (ii) each outstanding Option held by you that is vested and exercisable you as of the Termination Date (including, for greater certainty, any Option that vests pursuant to clause (i)), to remain exercisable until the expiration date of such Option (collectively, the "<u>Option Benefits</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.*Additional Severance.* Subject to and conditional upon the consummation of the sale or disposition of the BGSF Professional Division within twelve (12) months following the Termination Date, the Company will pay you additional severance (the "<u>Additional Severance</u>") in the total gross amount of $300,000.00, payable in nine (9) substantially equal monthly installments of $33,333.33 per month beginning in the first calendar month immediately after the last Salary Continuation Payment is paid pursuant to paragraph 5(a) above.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.*Temporary Staffing Non-Compete Waiver*. The Company hereby waives and releases you from any post-employment non-compete restrictions involving temporary staffing, including those continuing obligations under Section 3 of your Non-Disclosure of Confidential Information, Non-Solicitation, Non-Interference and Non-Competition Agreement by and between the Company and you effective October 1, 2018 (the "<u>Covenant Agreement</u>"), <u>except</u> for providing direct hire or temporary staffing strictly for property management (apartment and commercial buildings) in states where the Company operates as of the Termination Date (the "<u>Non-Compete Waiver</u>").

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You acknowledge and agree that the payments and other benefits provided pursuant to this Separation Agreement are in full discharge of any and all liabilities and obligations of the Company Group to you, monetarily or with respect to employee benefits or otherwise, including, but not limited to, any and all obligations arising under (a) your Executive Employment Agreement dated February 6, 2019 (your "<u>Employment Agreement</u>"), (b) any alleged written or oral employment agreement, policy, plan or procedure of the Company or (c) any alleged understanding or arrangement between you and any member of the Company Group (other than claims with respect to the Options or for vested benefits under an employee welfare benefit, insurance, or pension plan of the Company Group (excluding any employee benefit plan, policy or arrangement providing severance or similar benefits), subject to the terms and conditions of such plan(s)).

All payments and benefits under this Separation Agreement shall be less all required withholdings, including federal and state withholding taxes and other deductions the Company Group is required by law to make.

6.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Survival of Restrictive Covenant Obligations</u>**

You hereby certify that you have complied with all the terms of the Covenant Agreement through the date you sign this agreement, and you agree that you will continue to comply with all post-termination obligations set forth in the Covenant Agreement (if applicable and as expressly modified herein). If a court of competent jurisdiction determines and finds that you materially breach the Covenant Agreement (if applicable and as modified in paragraph 5(e) above), then (a) the Options will be immediately cancelled and forfeited, and (b) the Company may seek to recover, in addition to any other remedy available (on a non-exclusive basis), an amount equal to the aggregate after-tax proceeds (taking into account all amounts of tax that would be recoverable upon a claim of loss for payment of such proceeds in the year of repayment) of all Salary Continuation Payments, COBRA Reimbursements and Additional Severance payments received by you under this Separation Agreement, and the Company shall be entitled to stop making any further such payments to you.

7.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Mutual Non-Disparagement</u>**

You covenant and agree that, except as permitted or required by applicable law, you will not, during the Transition Period or at any time thereafter, directly or indirectly: (a) make or publish any statement that in any way disparages, criticizes, ridicules, or reflects negatively on any member of the Company Group or any of their respective officers, directors, managers, partners, equity holders, agents or employees; or (b) make or publish any negative comments regarding any member of the Company Group or any of their respective officers, directors, managers, partners, equity holders, agents or employees, whether or not done anonymously, to, through or on any media source or outlet, including, but not limited to, any reporters, news outlets, television stations, social media applications or outlets, websites, magazines, periodicals, journals, "apps", or the like.

Company Group covenants and agrees its "executive officers" (as defined under Section 16 of the Exchange Act) and Board members shall not make or publish any statement that in any way disparages, criticizes, ridicules, or reflects negatively on you or your performance as President and Chief Executive Officer of the Company or Parent.

The foregoing provision and all other provisions herein do not restrict you or any member of the Company Group from cooperating with any government investigation or testifying if so required by subpoena or as otherwise required by applicable law.

8.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Cooperation and Assistance</u>**

For six (6) months following the Termination Date, and upon reasonable notice and at reasonable times, you agree to reasonably assist and cooperate with the Company, by telephone or video conference or otherwise, concerning business or legal related matters about

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which you possess relevant knowledge or information. Such cooperation shall only be provided at the Company's specific request and will include, but not be limited to, assisting or advising the Company with respect to any business-related matters or any actual or threatened legal action (including testifying in depositions, hearings, and/or trials) about which you possess relevant knowledge or information. In addition, you agree to promptly inform the Company if any person or entity contacts you in an effort to obtain information about the Company.

9.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Choice of Law</u>**

This Separation Agreement will be deemed to have been executed and delivered within the State of Texas, and the rights and obligations of the parties hereunder will be construed and enforced in accordance with, and governed by, the laws of the State of Texas without regard to principles of conflict of laws.

10.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Severability; Entire Agreement; No Oral Modifications; No Waivers</u>**

If a court of competent jurisdiction determines that any of the provisions of this Separation Agreement is invalid or legally unenforceable, all other provisions of this Separation Agreement shall not be affected and are still enforceable. This Separation Agreement and the Mutual Release are intended to be a single integrated contract expressing our entire understanding regarding the subjects it addresses. As such, it supersedes any and all prior oral and written agreements and discussions between the parties related to your employment with and separation from the Company. This Separation Agreement and Mutual Release may be amended or modified only by an agreement in writing signed by you and countersigned by an executive officer of the Company. The failure by the Company or you (a) to declare a breach, or (b) to otherwise assert rights under this Separation Agreement and Mutual Release, shall not be construed as a waiver of any of rights under this Separation Agreement and Mutual Release. This Separation Agreement and the Mutual Release may be executed and delivered (including by portable document format or other electronic transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same instrument. For the avoidance of doubt, if this terms of this Separation Agreement are inconsistent with any other Company Group written plan or agreement, this Separation Agreement shall control and govern.

11.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Section 409A</u>**

This Separation Agreement is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>") and will be interpreted in a manner intended to comply with Section 409A of the Code (and any related regulations or other pronouncements). Amounts payable under this Separation Agreement shall be deemed not to be a "deferral of compensation" subject to Section 409A of the Code to the extent provided in the exceptions set forth in Treas. Reg. Section 1.409A-1(b)(4) ("short-term deferrals") and Treas. Reg. Section 1.409A-1(b)(9) ("separation pay plans") and other applicable provisions of Treas. Reg. Section 1.409A-1 through A-6. Each payment made under this Separation Agreement shall be designated as a "separate payment" within the meaning of Section 409A of the Code. For the avoidance of doubt, any continued health benefit plan coverage that you are entitled to receive following your termination of employment is expected to be exempt from Section 409A of the Code and, as such, shall not be subject to delay pursuant to this section. To the extent that any reimbursement, fringe benefit, or other similar arrangement provided herein provides for a "deferral of compensation" within the meaning of Section 409A of the Code, (a) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, (b) the amount eligible for reimbursement or payment in one calendar year may not affect the amount eligible for reimbursement or payment in any other calendar year (except that a plan providing medical or health benefits may impose a generally applicable limit on the amount that may be reimbursed or paid), (c) subject to any shorter time periods provided in any

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expense reimbursement policy of the Company, any reimbursement or payment of an expense under such plan or arrangement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred, and (d) the reimbursements shall be made pursuant to objectively determinable and nondiscretionary Company policies and procedures regarding such reimbursement of expenses. While the payments and benefits provided hereunder are intended to be structured in a manner to avoid the implication of any penalty taxes under Section 409A of the Code, in no event whatsoever shall any member of the Company Group be liable for any additional tax, interest or penalties that may be imposed on you as a result of Section 409A of the Code or any damages for failing to comply with Section 409A of the Code (other than for withholding obligations or other obligations applicable to employers, if any, under Section 409A of the Code).

12.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Counterparts</u>**

This Separation Agreement may be executed in multiple original counterparts, each of which shall be deemed an original and all of which together shall constitute but one and the same document.

13.&nbsp;&nbsp;&nbsp;&nbsp;**<u>Acknowledgements and Certifications</u>**

You acknowledge and certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You have read and you understand all of the terms of this Separation Agreement and the Mutual Release in <u>Exhibit A</u>, and are not relying on any representation or statement, written or oral, not set forth in the Separation Agreement and the Mutual Release;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You are signing the Separation Agreement knowingly and voluntarily; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You have been advised to consult with an attorney before signing the Separation Agreement and have had the opportunity to do so, if desired.

{Signature Page Follows}

If the foregoing is acceptable to you, please so indicate by signing a copy of this letter where indicated below and returning it to the undersigned. I wish you good luck in your future endeavors.

Sincerely,

B G STAFF SERVICES, INC.

By: BGSF, Inc.

its sole shareholder

<u>/s/ Richard L. Baum, Jr.</u> 

By: Richard L. Baum, Jr.

Title: Chair, Compensation Committee

**Agreed and Acknowledged:**

<u>/s/ Beth A. Garvey</u> 

Beth A. Garvey

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**<u>EXHIBIT A</u>**

**<u>MUTUAL RELEASE OF CLAIMS</u>**

THIS MUTUAL RELEASE OF CLAIMS (this "<u>Release</u>") is entered into between Beth A. Garvey ("<u>Executive</u>") and B G Staff Services, Inc., a Texas corporation (the "<u>Company</u>").

RECITALS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Executive and the Company entered into that certain Separation Agreement and Mutual Release Agreement dated as of June 14, 2025, to which this Release is attached (the "<u>Separation Agreement</u>"), pursuant to which Executive and the Company mutually acknowledged and agreed, among other things, that Executive's employment with the Company and its parent and subsidiaries will terminate effective July 1, 2025 (the "<u>Termination Date</u>");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. Executive and the Company agreed in the Separation Agreement to execute and deliver to each other this Release on or before July 8, 2025; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Capitalized terms used but not defined in this Release shall have the meaning set forth in the Separation Agreement.

In consideration of the foregoing premises, the mutual covenants and agreements contained herein, and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.<u>Executive General Release of Company Released Parties</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)&nbsp;&nbsp;&nbsp;&nbsp;For and in consideration of the Separation Benefits and for other good and valuable consideration, Executive, on behalf of herself and her heirs, assigns, executors, administrators, trusts, spouse and estate, hereby releases and forever discharges, to the maximum extent permitted by applicable law, the Company and its parent company, BGSF, Inc. ("<u>BGSF</u>", and together with the Company and their respective subsidiaries and affiliates, collectively, the "<u>Company Group</u>"), and their respective divisions, affiliates, subsidiaries, parents, predecessors, successors, assigns, officers, directors, trustees, employees, agents, shareholders, administrators, representatives, attorneys, insurers and fiduciaries, past, present and future (the "<u>Company Released Parties</u>"), of and from any and all manner of action or actions, cause or causes of action, in law or in equity, suits, debts, liens, contracts, agreements, promises, liability, claims, demands, damages, loss, cost or expense, of any nature whatsoever, known or unknown, fixed or contingent (hereinafter called "<u>Executive Claims</u>"), which Executive now has or may hereafter have against the Company Released Parties, or any of them, by reason of any matter, cause, or thing whatsoever from the beginning of time to the date hereof, including, without limiting the generality of the foregoing, any Executive Claims arising out of, based upon, or relating to Executive's hire, employment, remuneration or termination by the Company Released Parties, or any of them, Executive Claims arising under federal, state, or local laws relating to employment, Executive Claims of any kind that may be brought in any court or administrative agency, including any Executive Claims arising under Title VII of the Civil Rights Act of 1964, as amended by the Civil Rights Act of 1991, 42 U.S.C. § 2000 et seq.; the Equal Pay Act, 29 U.S.C. § 206(d); Age Discrimination in Employment Act, as amended, 29 U.S.C. § 621, et seq. (the "<u>ADEA</u>"); the Civil Rights Act of 1866, 42 U.S.C. § 1981; the Family and Medical Leave Act of 1993, 29 U.S.C. § 2601 et seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the False Claims Act , 31 U.S.C. § 3729 et seq.; the Employee Retirement Income Security Act, 29 U.S.C. § 1001 et seq.; the Worker Adjustment and Retraining Notification Act, 29 U.S.C. § 2101 et seq. the Fair Labor Standards Act, 29 U.S.C. § 215 et seq., the Sarbanes-Oxley Act of 2002; the Texas Labor Code, including the Texas Payday Act, the Texas Anti-Retaliation Act, the Texas Commission on Human Rights Act and § 451.001 of the Texas Workers' Compensation Act, and all of their respective implementing regulations; claims for wages under the Texas Labor Code and any other federal, state or local

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laws of similar effect; the employment and civil rights laws of Texas; Executive Claims for breach of contract; Executive Claims arising in tort, including, without limitation, Executive Claims of wrongful dismissal or discharge, discrimination, harassment, retaliation, fraud, misrepresentation, defamation, libel, infliction of emotional distress, violation of public policy, and/or breach of the implied covenant of good faith and fair dealing; and Executive Claims for damages or other remedies of any sort, including, without limitation, compensatory damages, punitive damages, injunctive relief and attorney's 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;(b)&nbsp;&nbsp;&nbsp;&nbsp;It is understood that this Release is not intended to and does not affect or release (i) any future rights or any Executive Claims arising after the date this Release is executed by Executive, (ii) any Executive Claims for payments or benefits due to Executive under the Separation Agreement, (iii) any Executive Claims based on rights Executive may have with respect to stock options, restricted stock, stock rights or stock ownership in BGSF or (iv) any Executive Claims based on Executive's rights to indemnification, advancement of expenses and/or coverage under director's and officer's insurance policies from or maintained by the Company, BGSF, or any other member of the Company Group.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive understands that this Release does not constitute any admission by any member of the Company Group that it has violated any law or legal obligation.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive agrees, to the fullest extent permitted by law, that Executive will not commence, maintain, prosecute or participate in any action or proceeding of any kind against any of the Company Released Parties based on any of the Executive Claims waived herein occurring up to and including the date of Executive's signature hereto. Executive represents and warrants that Executive will not have done so as of the date of Executive's signature hereto. Notwithstanding the foregoing agreement, representation and warranty, if Executive violates any of the provisions of this Section 1(d), Executive agrees to indemnify and hold harmless the Company Released Parties from and against any and all costs, attorneys' fees and other expenses authorized by law which result from, or are incident to, such violation. This Section 1(d) is not intended to preclude Executive from (i) challenging the knowing and voluntary nature of this Release; or (ii) filing a charge or participating in any investigation or proceeding conducted by the Equal Employment Opportunity Commission or any state or municipal equivalent agency.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive further agrees to waive Executive's right to any monetary or equitable recovery should any federal, state or local administrative agency pursue any claims on Executive's behalf arising out of or related to Executive's employment with and/or separation from employment with the Company Group and promises not to seek or accept any award, settlement or other monetary or equitable relief from any source or proceeding brought by any person or governmental entity or agency on Executive's behalf or on behalf of any class of which Executive is a member with respect to any of the claims Executive has waived.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive acknowledges and agrees that: (i) after Executive received a written copy of this Release, Executive had adequate opportunity to review it and that Executive has personally read it; (ii) Executive fully understand its contents; (iii) Executive has been advised to consult an attorney before signing it; (iv) Executive enters into this Release knowingly, voluntarily and after any consultations with Executive's attorney or other advisor, as Executive deems appropriate; and (v) Executive has been given at least 21 days from the date of receipt of this Release to consider all of its terms. Executive fully understands that, by signing below, Executive is voluntarily giving up any right which Executive may have to sue or bring any other claims against the Company Released Parties, including any rights and claims under the ADEA.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive may revoke this Release by notifying the Company in writing (via US Mail to the attention of the Executive Vice President of Human Resources, B G Staff Services Inc., 5850 Granite Parkway, Suite 730, Plano, TX 75024, or via email to

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jhunt@bgsf.com. For Executive's revocation to be effective, written notice must be received by the Company no later than the close of business on the eighth (8th) day following the date Executive signs this Release.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Executive acknowledges and agrees that the Company's obligation to pay or provide the Separation Benefits will expire and become null and void, if Executive does not execute and deliver this Release to the Company (to the address set forth above) on or before July 8, 2025, or if Executive revokes this Release within the eight-day revocation period following Executive's execution of this Release.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;<u>Company Release of Executive</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)&nbsp;&nbsp;&nbsp;&nbsp;The Company, on behalf of itself and each other member of the Company Group, hereby releases, waives and forever discharges Executive and Executive's heirs, executors, administrators and assigns, each in their capacities as such (collectively, the "<u>Executive Released Parties</u>") of and from any and all causes of action, claims, suits, controversies, actions, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys' fees, or liabilities or demands of any nature whatsoever in law and in equity, both past and present (through the Termination Date) and whether known or unknown, suspected, or claimed against any of the Executive Released Parties and demands whatsoever, at law, in equity, or before any agency or commission of local, state and federal governments, arising, alleged to have arisen, or which might have been alleged to have arisen, or which may arise under any law, including any statutory, common law, or public policy claim, whether in tort or contract, whether federal, state, or local, or whether at law or in equity, in each case prior to the Termination Date, whether known or unknown, suspected, or claimed against the Executive (all of the foregoing are collectively referred to herein as "<u>Company Claims</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;(b)&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding anything in Section 2(a) to the contrary, expressly excluded from the Company's release under this <u>Section 2</u>, and not being released are each of 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;(i)&nbsp;&nbsp;&nbsp;&nbsp;Executive's continuing obligations under this Release, the Separation Agreement or the Covenant Agreement (if applicable, as modified by the Non-Compete Waiver described in Section 5(e) of the Separation Agreement); 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;(ii)&nbsp;&nbsp;&nbsp;&nbsp;Any Company Claim arising from or related to any act or omission by Executive with respect to which the Company would not have the power to indemnify Executive pursuant to the Texas Corporations 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;(c)&nbsp;&nbsp;&nbsp;&nbsp;For the avoidance of doubt, this <u>Section 2</u> shall be null and void *ab initio* if (i) Executive fails to execute and deliver this Release Agreement on or before July 8, 2025, or (y) Executive revokes this Release pursuant to <u>Section 1(g)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;<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;(d)&nbsp;&nbsp;&nbsp;&nbsp;This Release shall be construed and enforced in accordance with, and governed by, the laws of the State of Texas, without regard to principles of conflict of laws. If any clause of this Release should ever be determined to be unenforceable, it is agreed that this will not affect the enforceability of any other clause or the remainder of this Release.

&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)&nbsp;&nbsp;&nbsp;&nbsp;Whenever possible, each provision of this Release shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Release is held to be invalid, illegal or unenforceable in any respect under any applicable law or

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rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or its validity and enforceability in any other jurisdiction, but this Release shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained 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;(f)&nbsp;&nbsp;&nbsp;&nbsp;This Release may be executed in any number of counterparts, each of which shall be deemed an original, and all of which together shall constitute one instrument. To facilitate execution of this Release, the parties may execute and exchange by electronic mail counterparts of the signature pages in portable document format (pdf), which shall be valid, binding and admissible as though original.

[*Signature page follows.*]

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IN WITNESS WHEREOF, Executive and the Company have executed this Release as of the dates set forth below.

**COMPANY**:

B G Staff Services, Inc.

By: BGSF, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;its sole shareholder

By: <u>/s/ Richard L. Baum, Jr.</u> 

Name: <u>Richard L. Baum, Jr.</u> 

Title: <u>Board of Director</u> 

Date: <u>June 14, 2025</u> 

**EXECUTIVE**

&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ Beth A. Garvey</u> 

Beth A. Garvey

Date: <u>June 14, 2025</u> 

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**<u>EXHIBIT B</u>**

**<u>SCHEDULE OF OUTSTANDING OPTIONS</u>**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>Equity Award</u>** | **<u>Date of Grant</u>** | **<u>Expiration Date</u>** | **<u>Total Number of Shares Covered by Equity Award</u>** | **<u>Option Exercise Price (if applicable</u>** | **<u>Number of Options/Shares Vested as of Termination Date</u>** | **<u>Number of Unvested Options that Vest on Termination Date Under Separation Agreement</u>** |
| Nonqualified Stock Option | 9/1/2023 | 9/1/2033 | 41007 | $9.66 | 20000 | 21007 |
| Incentive Stock Option | 9/1/2023 | 9/1/2033 | 8993 | $9.66 | 0 | 8993 |
| Nonqualified Stock Option | 2/17/2023 | 2/17/2033 | 3484 | $15.07 | 2613 | 871 |
| Incentive Stock Option | 2/17/2023 | 2/17/2033 | 871 | $15.07 | 0 | 871 |
| Incentive Stock Option | 8/3/2022 | 8/3/2032 | 23872 | $12.87 | 10130 | 13742 |
| Nonqualified Stock Option | 8/3/2022 | 8/3/2032 | 26128 | $12.87 | 19870 | 6258 |
| Incentive Stock Option | 8/4/2021 | 8/4/2031 | 6000 | $11.57 | 4000 | 2002 |
| Nonqualified Stock Option | 8/4/2021 | 8/4/2031 | 3998 | $11.57 | 0 | 3998 |
| Incentive Stock Option | 8/4/2020 | 8/4/2030 | 2400 | $9.72 | 2400 | 0 |
| Nonqualified Stock Option | 8/4/2020 | 8/4/2030 | 3600 | $9.72 | 3600 | 0 |
| Incentive Stock Option | 9/24/2018 | 9/24/2028 | 6148 | $25.71 | 6148 | 0 |
| Nonqualified Stock Option | 9/24/2018 | 9/24/2028 | 93852 | $25.71 | 93852 | 0 |

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**<u>EXHIBIT B - SCHEDULE OF OUTSTANDING OPTIONS (Continued)</u>**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **<u>Equity Award</u>** | **<u>Date of Grant</u>** | **<u>Expiration Date</u>** | **<u>Total Number of Shares Covered by Equity Award</u>** | **<u>Option Exercise Price (if applicable</u>** | **<u>Number of Options/Shares Vested as of Termination Date</u>** | **<u>Number of Unvested Options that Vest on Termination Date Under Separation Agreement</u>** |
| Incentive Stock Option | 6/7/2017 | 6/7/2027 | 2500 | $16.76 | 2500 | 0 |
| Nonqualified Stock Option | 6/7/2017 | 6/7/2027 | 10000 | $16.76 | 10000 | 0 |
| Incentive Stock Option | 8/16/2016 | 8/16/2026 | 13185 | $17.46 | 13185 | 0 |
| Nonqualified Stock Option | 8/16/2016 | 8/16/2026 | 36.815 | $17.46 | 36815 | 0 |

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![image.jpg](image.jpg)

**EXHIBIT C**

**SCHEDULE OF OUTSTANDING RESTRICTED SHARES**

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| | | | | |
|:---|:---|:---|:---|:---|
| **<u>Equity Award</u>** | **<u>Date of Grant</u>** | **<u>Total Number of Shares Covered by Equity Award</u>** | **<u>Number of Shares Vested as of Termination Date</u>** | **<u>Number of Unvested Options that Vest on Termination Date Under Separation Agreement</u>** |
| Restricted Share Award | 9/1/2023 | 5806 | 3890 | 1916 |
| Restricted Share Award | 5/4/2022 | 3762 | 2822 | 940 |

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