# EDGAR Filing Document

**Accession Number:** 0001923891
**File Stem:** 0001493152-26-025709
**Filing Date:** 2026-5
**Character Count:** 507878
**Document Hash:** 04c647ca372341b5f9aa715e5aac0164
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-26-025709.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001493152-26-025709

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 19

**CONFORMED PERIOD OF REPORT**: 20260529

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

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nano Nuclear Energy Inc.
- **CENTRAL INDEX KEY:** 0001923891
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42044
- **FILM NUMBER:** 261038950

**BUSINESS ADDRESS:**
- **STREET 1:** 10 TIMES SQUARE
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 6046875792

**MAIL ADDRESS:**
- **STREET 1:** 10 TIMES SQUARE
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

?xml version='1.0' encoding='ASCII'?

**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): **May 29, 2026** (**May 22, 2026)**

**Nano Nuclear Energy Inc.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-42044** | **88-0861977** |
| (State or other jurisdiction<br> of incorporation) | (Commission<br> File Number) | (IRS Employer<br> Identification No.) |

---

**10 Times Square, 30th Floor**

**New York, New York 10018**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(212) 634-9206**

**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 obligation 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))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, par value $0.0001 per share NNE | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company 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. ☐

**Item 1.01 Entry Into a Material Definitive Agreement.**

**STS Membership Interest Purchase Agreement**

On May 22, 2026, Nano Nuclear Energy Inc., a Nevada corporation (the "Company" or "Nano"), and its wholly-owned subsidiary Advanced Fuel Transportation Inc. a Nevada corporation (the "Buyer," and together with the Company, the "Buyer Parties" and each a "Buyer Party"), entered into a Membership Interest Purchase Agreement (such agreement, together with all schedules, exhibits and attachments thereto, the "Purchase Agreement") with Roy A. Boyd II ("Mr. Boyd"), Onium Capital, LLC, a Georgia limited liability company ("Onium" and together with Mr. Boyd, the "Sellers"), and Secured Transportation Services LLC, a Delaware limited liability company ("STS"), pursuant to which the Sellers agreed to sell to the Buyer and the Buyer agreed to purchase from the Sellers 100% of the issued and outstanding membership interests of STS (the "STS Acquisition"). The closing of the STS Acquisition occurred on May 22, 2026 (the "Closing Date").

Pursuant to the Purchase Agreement, the Buyer Parties agreed to pay up to $13.0 million in total consideration for STS, consisting of (i) approximately $6.0 million in cash (the "Closing Cash Consideration"), subject to adjustment under certain conditions within 180 days following the Closing Date, which adjustment may increase or decrease the Closing Cash Consideration by up to $0.5 million ("Adjustment Cap," to be held in an Escrow Account described below); (ii) $1.0 million in Nano's restricted shares of common stock (the "Common Stock") at closing, with the number of shares issuable determined based on the ten-day volume weighted average price of the Common Stock ("VWAP") as of the date immediately preceding the Closing Date ("Closing Stock Consideration"); and (iii) an aggregate of $6.0 million of Common Stock payable in five installments of $1.4 million, $1.4 million, $1.4 million, $1.4 million, $0.4 million, respectively, on each of the first, second, third, fourth and fifth anniversaries of the Closing Date (the "Anniversary Stock Consideration," and together with the Closing Stock Consideration, the "Aggregate Stock Consideration"), with the number of shares issuable for each installment determined based on the applicable ten-day VWAP as of the date immediately preceding the applicable payment dates; provided, however, that in no event shall more than an aggregate of 10,364,476 shares of Common Stock be issuable to the Sellers pursuant to the Purchase Agreement. Of such Anniversary Stock Consideration, an aggregate of $2.0 million worth of Common Stock shall be allocated ratably among the first, second, third, fourth and fifth anniversaries of the Closing Date (or in such other allocation amounts as may be agreed upon by the parties in writing) as deferred stock consideration (the "Deferred Stock Consideration"), the issuance of which shall be subject to certain conditions, including Mr. Boyd's continued employment with the Company or its affiliates and compliance by each of the Sellers with a restrictive covenant agreement entered into as of the Closing Date.

The shares issuable pursuant to the Aggregate Stock Consideration shall be issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.

Concurrently with the execution of the Purchase Agreement, on May 22, 2026, the Buyer and the Sellers entered into an escrow agreement (the "Escrow Agreement") with Citibank, N.A., as escrow agent (the "Escrow Agent"), pursuant to which $0.5 million was deposited as the Adjustment Cap into an interest-bearing escrow account (the "Escrow Account"), to be held and disbursed by the Escrow Agent under the terms of the Purchase Agreement and the Escrow Agreement. All fees and expenses of the Escrow Agent shall be evenly split between the Buyer and the Sellers.

On the Closing Date, an aggregate of (i) 38,581.29 shares of common stock of the Company were issued to the Sellers as the Closing Stock Consideration and (ii) $5,192,701.81 was paid in cash (net of Indebtedness and Transaction Expenses, each as defined in the Purchase Agreement) to the Sellers. As a result of the STS Acquisition, STS became a subsidiary of Nano through the Buyer.

**Related STS Agreements**

The STS Acquisition contemplates the execution of various additional agreements and instruments, on or before the Closing Date, including, among others, the following:

*Registration Rights Agreement*

In connection with the STS Acquisition, on May 22, 2026, the Company, Mr. Boyd and Onium entered into a Registration Rights Agreement (the "Registration Rights Agreement"). Pursuant to the Registration Rights Agreement, among other things, the Company agreed to file with the U.S. Securities and Exchange Commission (the "SEC") a resale registration statement on Form S-1 or S-3, as applicable (the "Shelf Registration Statement") covering the Aggregate Stock Consideration (including the Deferred Stock Consideration) that has been or is contemplated to be issued by the Company to the holders pursuant to the Purchase Agreement, within ninety (90) days following the Closing Date (the "Filing Deadline").

The Company shall use commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective as promptly as is reasonably practicable after filing but no later than the earlier of (i) sixty (60) days following the Filing Deadline and (ii) three (3) business days after the SEC notifies the Company that it will not review such Shelf Registration Statement (the "Effectiveness Deadline"). If the Shelf Registration Statement is reviewed by, and the Company receives comments from, the SEC, the Effectiveness Deadline shall be extended by thirty (30) days to ninety (90) days following the Filing Deadline. The Registration Rights Agreement also provides for subsequent resale registrations if an existing resale registration ceases to remain effective.

Pursuant to the Registration Rights Agreement, if the Company proposes to file a registration statement for an offering of its common stock, subject to certain exceptions, the Sellers will have customary piggyback registration rights to include their registrable securities in such registration, subject to customary cutback provisions. In the case of an underwritten offering or shelf takedown, the amount of registrable securities to be included in such offering may be reduced by the Company or the managing underwriter if deemed commercially reasonable or advisable, with priority generally given first to securities to be sold by the Company and then to other holders entitled to registration rights.

The Registration Rights Agreement will terminate on the date that such holders no longer hold any registrable securities.

*Restrictive Covenant Agreements with Roy A. Boyd II, Angela Boyd and Onium*

In connection with the consummation of the STS Acquisition, on May 22, 2026, the Sellers and Angela Boyd (Mr. Boyd's wife) (each an "Equityholder" and collectively, the "Equityholders") each entered into an Equityholder Restrictive Covenant Agreement with the Buyer (collectively, the "Restrictive Covenant Agreements") on substantially similar terms.

Pursuant to the Restrictive Covenant Agreements, the Equityholders agreed to customary confidentiality obligations with respect to confidential information relating to the Buyer Parties and the transactions contemplated by the Purchase Agreement. The Restrictive Covenant Agreements also contain customary restrictive covenant provisions, including non-competition, non-solicitation and non-disparagement obligations. Such restrictions generally apply during the five-year restricted period following the Closing Date, subject to certain customary exceptions and permitted activities.

The foregoing descriptions of the Purchase Agreement, the Registration Rights Agreement and the Restrictive Covenant Agreements are subject to and qualified in their entirety by reference to the full text of the Purchase Agreement and its exhibits and attachments, which are attached as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively, to this report and are incorporated in this report by reference.

**Item 2.01 Completion of Acquisition or Disposition of Assets.**

The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.01. The closing of the transactions contemplated by the Purchase Agreement occurred on May 22, 2026.

**Item 3.02 Unregistered Sales of Equity Securities.**

The disclosure set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 3.02.

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

In connection with STS Acquisition contemplated by the Purchase Agreement, on May 22, 2026, the Board of Directors (the "Board") of the Company determined that Mr. Boyd should be an "executive officer" of the Company by continuing to serve as the President of STS, reporting to the Company's Chief Executive Officer. The biographical information regarding Mr. Boyd is listed below:

**Roy A. Boyd, II**, 59, joined the Company as President of STS on May 22, 2026. Mr. Boyd founded STS in 2005 and has served as its principal executive officer continuously since founding. Under his leadership, STS has developed specialized capabilities in regulated transportation and logistics services for government, national laboratory, and commercial clients. He retains overall responsibility for strategy, operations, regulatory compliance, customer relationships, and financial performance of the STS business unit. In addition to his role at STS, Mr. Boyd serves as majority member and member of the Board of Directors of Onium Capital, LLC, a private investment company, in which capacities he has served since 2022. Mr. Boyd is also a majority member of Onium Machining and Fabrication, LLC, a privately-held precision machining and fabrication company, which he co-founded in 2022.

On May 22, 2026, the Company and STS entered into an employment agreement with Mr. Boyd, to memorialize the terms and conditions of Mr. Boyd's employment as President of STS (the "Boyd Employment Agreement").

Under the Boyd Employment Agreement, Mr. Boyd is entitled to an annual base salary of $350,000, subject to the adjustment by the Company's Chief Executive Officer from time to time. Pursuant to the Boyd Employment Agreement, Mr. Boyd is eligible for an annual target performance bonus of 40% of his then-current base salary, with a maximum potential bonus of up to 60% of his then-current base salary, plus the participation in the Company's 2025 Equity Incentive Plan and other customary employee benefit plans and programs subject to the applicable terms of the Boyd Employment Agreement.

The Boyd Employment Agreement provides for severance payments in the event the Company terminates Mr. Boyd's employment without "Cause" or Mr. Boyd resigns for "Good Reason" (each as defined in the Boyd Employment Agreement). In such event, Mr. Boyd will be entitled to receive accrued compensation, a severance payment equal to twelve months of base salary payable in accordance with the Company's normal payroll practices, a pro-rated annual bonus based on actual performance, and Company-paid medical insurance premiums under COBRA coverage for up to twelve months, subject to Mr. Boyd's execution and non-revocation of a general release. If Mr. Boyd's employment is terminated for Cause, due to death or disability, or if Mr. Boyd resigns without Good Reason, Mr. Boyd will only be entitled to accrued compensation through the date of termination. The Boyd Employment Agreement also contains restrictive covenant provisions applicable during Mr. Boyd's employment and following termination in certain circumstances.

Mr. Boyd shall serve as the President of STS for an initial period of five (5) years from May 22, 2026 to May 21, 2031 ("Boyd Initial Term"), with an automatic renewal of one (1) year. If either party wishes to terminate the Boyd Employment Agreement upon the expiration of the Boyd Initial Term, such party shall provide at least sixty (60) days' written notice to the other party. Notwithstanding anything herein to the contrary, Mr. Boyd's employment with STS is "at-will" and may be terminated by either party at any time, with or without cause.

The foregoing description of the Boyd Employment Agreement is subject to and qualified in its entirety by reference to the full text of the Boyd Employment Agreement, which is attached as Exhibit 10.4 to this report and is incorporated in this report by reference.

**Item 7.01 Regulation FD Disclosure.**

On May 26, 2026, the Company issued a press release announcing the acquisition of STS. The press release is furnished as Exhibit 99.1 to this Current Report.

**Item 9.01 Financial Statements and Exhibits.**

*(d) Exhibits*

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 10.1\* ^ | [Membership Interest Purchase Agreement , dated May 22, 2026, by and among Nano Nuclear Energy Inc., Roy A. Boyd II, Onium Capital, LLC, Secured Transportation Services LLC and Advanced Fuel Transportation Inc.](ex10-1.htm) |
| 10.2 | [Registration Rights Agreement, dated May 22, 2026, by and among Nano Nuclear Energy Inc., Roy A. Boyd II and Onium Capital, LLC.](ex10-2.htm) |
| 10.3 | [Form of Equityholder Restrictive Covenant Agreement, dated May 22, 2026](ex10-3.htm) |
| 10.4\* ^ | [Employment Agreement, dated May 22, 2026, by and among Nano Nuclear Energy Inc., Secured Transportation Services LLC, and Roy A. Boyd II.](ex10-4.htm) |
| 99.1 | [Press Release of Nano Nuclear Energy Inc.](ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

\* Certain portions of the exhibits and schedules to this Exhibit have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon request.

^ Certain portions of this Exhibit have been omitted pursuant to Item 601(a)(6) of Regulation S-K. The Company hereby agrees to furnish a copy of any omitted portion to the SEC upon request.

**SIGNATURE**

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

---

| | | |
|:---|:---|:---|
| Dated: May 29, 2026 | **NANO Nuclear Energy Inc.** | **NANO Nuclear Energy Inc.** |
|  | By: | */s/ James Walker* |
|  | Name: | James Walker |
|  | Title: | Chief Executive Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**Execution Version**

**MEMBERSHIP INTEREST PURCHASE AGREEMENT**

among

**ROY A. BOYD II, ONIUM CAPITAL, LLC, SECURED TRANSPORTATION SERVICES LLC, ADVANCED FUEL TRANSPORTATION INC., and**

**NANO NUCLEAR ENERGY INC.**

Dated as of May 22, 2026

**TABLE OF CONTENTS**

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| | | |
|:---|:---|:---|
| | | Page |
| Article I DEFINITIONS | Article I DEFINITIONS | 1 |
| &nbsp;&nbsp;&nbsp;Section 1.1 | Certain Defined Terms | 1 |
| &nbsp;&nbsp;&nbsp;Section 1.2 | Table of Definitions | 14 |
| Article II PURCHASE AND SALE | Article II PURCHASE AND SALE | 16 |
| &nbsp;&nbsp;&nbsp;Section 2.1 | Purchase and Sale of the Interests | 16 |
| &nbsp;&nbsp;&nbsp;Section 2.2 | Closing. | 16 |
| &nbsp;&nbsp;&nbsp;Section 2.3 | Equitable Adjustments | 21 |
| &nbsp;&nbsp;&nbsp;Section 2.4 | Purchase Price Adjustments. | 21 |
| &nbsp;&nbsp;&nbsp;Section 2.5 | Withholding | 25 |
| &nbsp;&nbsp;&nbsp;Section 2.6 | Excluded Assets | 25 |
| Article III REPRESENTATIONS AND WARRANTIES OF THE SELLERS | Article III REPRESENTATIONS AND WARRANTIES OF THE SELLERS | 25 |
| &nbsp;&nbsp;&nbsp;Section 3.1 | Organization and Capacity | 25 |
| &nbsp;&nbsp;&nbsp;Section 3.2 | Authority | 25 |
| &nbsp;&nbsp;&nbsp;Section 3.3 | No Conflict; Required Filings and Consents. | 26 |
| &nbsp;&nbsp;&nbsp;Section 3.4 | Interests | 26 |
| &nbsp;&nbsp;&nbsp;Section 3.5 | Brokers | 27 |
| &nbsp;&nbsp;&nbsp;Section 3.6 | Litigation; Orders | 27 |
| &nbsp;&nbsp;&nbsp;Section 3.7 | Investment Intent | 27 |
| &nbsp;&nbsp;&nbsp;Section 3.8 | Sellers' Investigation and Reliance | 27 |
| &nbsp;&nbsp;&nbsp;Section 3.9 | Exclusivity of Representations and Warranties | 28 |
| &nbsp;&nbsp;&nbsp;Section 3.10 | No General Solicitation | 28 |
| Article IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY | Article IV REPRESENTATIONS AND WARRANTIES OF THE COMPANY | 28 |
| &nbsp;&nbsp;&nbsp;Section 4.1 | Organization and Qualification. | 28 |
| &nbsp;&nbsp;&nbsp;Section 4.2 | Authority | 29 |
| &nbsp;&nbsp;&nbsp;Section 4.3 | No Subsidiaries | 29 |
| &nbsp;&nbsp;&nbsp;Section 4.4 | No Conflict; Required Filings and Consents. | 29 |
| &nbsp;&nbsp;&nbsp;Section 4.5 | Capitalization | 30 |
| &nbsp;&nbsp;&nbsp;Section 4.6 | Equity Interests | 30 |
| &nbsp;&nbsp;&nbsp;Section 4.7 | Sufficient Assets | 30 |
| &nbsp;&nbsp;&nbsp;Section 4.8 | Financial Statements; No Undisclosed Liabilities. | 30 |
| &nbsp;&nbsp;&nbsp;Section 4.9 | Absence of Certain Changes or Events | 31 |
| &nbsp;&nbsp;&nbsp;Section 4.10 | Compliance with Law; Permits; Anti-Corruption. | 33 |
| &nbsp;&nbsp;&nbsp;Section 4.11 | Litigation; Orders | 36 |
| &nbsp;&nbsp;&nbsp;Section 4.12 | Employee Benefit Plans. | 36 |

---

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Section 4.13 | Labor and Employment Matters. | 38 |
| &nbsp;&nbsp;&nbsp;Section 4.14 | Insurance | 39 |
| &nbsp;&nbsp;&nbsp;Section 4.15 | Real Property; Title to Property; Inventory. | 39 |
| &nbsp;&nbsp;&nbsp;Section 4.16 | Intellectual Property; IT Assets; Data Privacy and Security. | 41 |
| &nbsp;&nbsp;&nbsp;Section 4.17 | Taxes. | 44 |
| &nbsp;&nbsp;&nbsp;Section 4.18 | Environmental Matters. | 46 |
| &nbsp;&nbsp;&nbsp;Section 4.19 | Material Contracts. | 47 |
| &nbsp;&nbsp;&nbsp;Section 4.20 | Material Customers and Suppliers. | 49 |
| &nbsp;&nbsp;&nbsp;Section 4.21 | Related Party Transactions | 49 |
| &nbsp;&nbsp;&nbsp;Section 4.22 | No Insolvency Proceedings | 49 |
| &nbsp;&nbsp;&nbsp;Section 4.23 | Brokers | 49 |
| &nbsp;&nbsp;&nbsp;Section 4.24 | Exclusivity of Representations and Warranties | 49 |
| Article V REPRESENTATIONS AND WARRANTIES OF THE BUYER PARTIES | Article V REPRESENTATIONS AND WARRANTIES OF THE BUYER PARTIES | 50 |
| &nbsp;&nbsp;&nbsp;Section 5.1 | Organization | 50 |
| &nbsp;&nbsp;&nbsp;Section 5.2 | Authority | 50 |
| &nbsp;&nbsp;&nbsp;Section 5.3 | No Conflict; Required Filings and Consents. | 50 |
| &nbsp;&nbsp;&nbsp;Section 5.4 | Solvency | 51 |
| &nbsp;&nbsp;&nbsp;Section 5.5 | Brokers | 51 |
| &nbsp;&nbsp;&nbsp;Section 5.6 | Investment Intent | 51 |
| &nbsp;&nbsp;&nbsp;Section 5.7 | Buyer Parties' Investigation and Reliance | 51 |
| &nbsp;&nbsp;&nbsp;Section 5.8 | Listing Exchange | 52 |
| &nbsp;&nbsp;&nbsp;Section 5.9 | Financial Reports and Regulatory Filings | 52 |
| &nbsp;&nbsp;&nbsp;Section 5.10 | No Stockholder Approval | 52 |
| &nbsp;&nbsp;&nbsp;Section 5.11 | Legal Proceedings | 52 |
| &nbsp;&nbsp;&nbsp;Section 5.12 | Exclusivity of Representations and Warranties | 52 |
| Article VI COVENANTS | Article VI COVENANTS | 53 |
| &nbsp;&nbsp;&nbsp;Section 6.1 | Related Party Transactions | 53 |
| &nbsp;&nbsp;&nbsp;Section 6.2 | Further Assurances | 53 |
| &nbsp;&nbsp;&nbsp;Section 6.3 | Public Announcements | 53 |
| &nbsp;&nbsp;&nbsp;Section 6.4 | Directors' and Officers' Indemnification. | 53 |
| &nbsp;&nbsp;&nbsp;Section 6.5 | Reserved | 54 |
| &nbsp;&nbsp;&nbsp;Section 6.6 | Additional Listing Application; Removal of Restrictive Legends. | 54 |
| &nbsp;&nbsp;&nbsp;Section 6.7 | Lock-Up. | 54 |
| &nbsp;&nbsp;&nbsp;Section 6.8 | General Efforts | 55 |
| &nbsp;&nbsp;&nbsp;Section 6.9 | PCAOB Financial Statements | 55 |

---

ii

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| | | |
|:---|:---|:---|
| Article VII TAX MATTERS | Article VII TAX MATTERS | 56 |
| &nbsp;&nbsp;&nbsp;Section 7.1 | Tax Returns. | 56 |
| &nbsp;&nbsp;&nbsp;Section 7.2 | Books and Records; Cooperation | 56 |
| &nbsp;&nbsp;&nbsp;Section 7.3 | Transfer Taxes | 56 |
| &nbsp;&nbsp;&nbsp;Section 7.4 | Straddle Period Allocation | 57 |
| &nbsp;&nbsp;&nbsp;Section 7.5 | Tax Proceedings | 57 |
| &nbsp;&nbsp;&nbsp;Section 7.6 | Tax Accounting Method Change. | 57 |
| &nbsp;&nbsp;&nbsp;Section 7.7 | S Corporation Termination. | 58 |
| Article VIII INDEMNIFICATION | Article VIII INDEMNIFICATION | 58 |
| &nbsp;&nbsp;&nbsp;Section 8.1 | Sellers' Indemnification | 58 |
| &nbsp;&nbsp;&nbsp;Section 8.2 | Buyer Parties Indemnification | 58 |
| &nbsp;&nbsp;&nbsp;Section 8.3 | Limitations | 59 |
| &nbsp;&nbsp;&nbsp;Section 8.4 | Notice of Claims | 60 |
| &nbsp;&nbsp;&nbsp;Section 8.5 | Third Party Actions. | 60 |
| &nbsp;&nbsp;&nbsp;Section 8.6 | Payments; Escrow Funds. | 62 |
| &nbsp;&nbsp;&nbsp;Section 8.7 | Right of Offset | 62 |
| &nbsp;&nbsp;&nbsp;Section 8.8 | Effect of Investigation and Notices | 63 |
| &nbsp;&nbsp;&nbsp;Section 8.9 | Tax Treatment of Indemnity Payments | 63 |
| &nbsp;&nbsp;&nbsp;Section 8.10 | Exclusive Remedy | 63 |
| Article IX GENERAL PROVISIONS | Article IX GENERAL PROVISIONS | 63 |
| &nbsp;&nbsp;&nbsp;Section 9.1 | Fees and Expenses | 63 |
| &nbsp;&nbsp;&nbsp;Section 9.2 | Amendment and Modification; Waiver; Extension | 63 |
| &nbsp;&nbsp;&nbsp;Section 9.3 | Notices | 64 |
| &nbsp;&nbsp;&nbsp;Section 9.4 | Interpretation | 64 |
| &nbsp;&nbsp;&nbsp;Section 9.5 | Entire Agreement | 65 |
| &nbsp;&nbsp;&nbsp;Section 9.6 | Parties in Interest | 65 |
| &nbsp;&nbsp;&nbsp;Section 9.7 | Governing Law; Jurisdiction; Venue; Service of Process; Waiver of Jury Trial | 65 |
| &nbsp;&nbsp;&nbsp;Section 9.8 | Disclosure Generally | 66 |
| &nbsp;&nbsp;&nbsp;Section 9.9 | Assignment; Successors | 66 |
| &nbsp;&nbsp;&nbsp;Section 9.10 | Enforcement | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.11 | Currency | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.12 | Severability | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.13 | Counterparts | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.14 | Electronic Signature | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.15 | No Presumption Against Drafting Party | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.16 | Release | 67 |
| &nbsp;&nbsp;&nbsp;Section 9.17 | Parent Guarantee. | 68 |
| &nbsp;&nbsp;&nbsp;Section 9.18 | Privilege; Counsel. | 68 |

---

iii

**MEMBERSHIP INTEREST PURCHASE AGREEMENT**

MEMBERSHIP INTEREST PURCHASE AGREEMENT, dated as of May 22, 2026 (this "<u>Agreement</u>"), among Roy A. Boyd II ("<u>Mr. Boyd</u>"), Onium Capital, LLC, a Georgia limited liability company ("<u>Onium</u>" and together with Mr. Boyd, the "<u>Sellers</u>"), Secured Transportation Services LLC, a Delaware limited liability company (the "<u>Company</u>"), Advanced Fuel Transportation Inc., a Nevada corporation (the "<u>Buyer</u>"), and NANO Nuclear Energy Inc., a Nevada corporation (the "<u>Parent</u>" and together with the Buyer, the "<u>Buyer Parties</u>" and each a "<u>Buyer Party</u>").

**RECITALS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. The Sellers own 100% of the issued and outstanding membership interests in the Company (the "<u>Interests</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B. The Sellers wish to sell to the Buyer, and the Buyer wishes to purchase from the Sellers, the Interests.

**AGREEMENT**

In consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the parties hereto agree as follows:

**Article I**

**DEFINITIONS**

Section 1.1 <u>Certain Defined Terms</u>. For purposes of this Agreement:

"<u>Acquisition Proposal</u>" means any proposal or offer from any Person (other than the Buyer or any of its Affiliates) with respect to any direct or indirect acquisition, purchase, or license, in one transaction or a series of transactions, and whether through merger, reorganization, consolidation, tender offer, self-tender, exchange offer, stock acquisition, asset acquisition, binding share exchange, business combination, recapitalization, liquidation, dissolution, joint venture, licensing, or similar transaction, or otherwise, of all or any portion of the assets or businesses of the Company.

"<u>Action</u>" means any claim, action, charge, complaint, suit, arbitration, information request, litigation, demand, proceeding (including any civil, criminal, administrative, investigative or appellate proceeding), hearing, inquiry, audit, examination or investigation commenced, brought, conducted or heard by or before any Governmental Authority or mediator.

"<u>Affiliate</u>" means, with respect to any Person, any other Person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such first Person; <u>provided</u> that with respect to the Buyer Parties, in respect of any period commencing prior to the Closing, "Affiliate" shall not include the Company and, in respect of any period commencing at or after the Closing, "Affiliate" shall include the Company. The term "control" 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, and the terms "controlled" and "controlling" have meanings correlative thereto.

"<u>Affiliated Group</u>" means an affiliated group as defined in Section 1504 of the Code (or analogous consolidated, combined, unitary or similar Income Tax group under state, local or non-U.S. Law).

"<u>Aggregate Cash Closing Consideration</u>" means an amount equal to the Estimated Purchase Price minus the Aggregate Stock Consideration Value.

"<u>Aggregate Closing Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of One Million Dollars ($1,000,000) divided by the Ten-Day VWAP as of the Closing Date.

"<u>Aggregate Closing Consideration</u>" means, collectively, the Aggregate Cash Closing Consideration and the Aggregate Closing Stock Consideration.

"<u>Aggregate Post-Closing Stock Consideration</u>" means collectively, the First Anniversary Stock Consideration, the Second Anniversary Stock Consideration, the Third Anniversary Stock Consideration, the Fourth Anniversary Stock Consideration and the Fifth Anniversary Stock Consideration.

"<u>Aggregate Stock Consideration</u>" means, individually or collectively, as applicable, the Aggregate Closing Stock Consideration, the First Anniversary Stock Consideration, the Second Anniversary Stock Consideration, the Third Anniversary Stock Consideration, the Fourth Anniversary Stock Consideration and the Fifth Anniversary Stock Consideration.

"<u>Aggregate Stock Consideration Value</u>" means Seven Million Dollars ($7,000,000).

"<u>Agreement State</u>" means any state of the United States that has entered into an agreement with the NRC pursuant to Section 274 of the Atomic Energy Act of 1954, as amended, under which the NRC has relinquished, and such state has assumed, regulatory authority over certain radioactive materials and activities within that state.

"<u>AI Inputs</u>" means any data or content or other materials used to develop, train, validate, test or improve any AI Technology.

"<u>AI Technology</u>" means any and all deep learning, machine learning, and other artificial intelligence technologies, including large language models.

"<u>Anti-Corruption Laws</u>" means the United States Foreign Corrupt Practices Act of 1977 and any rules or regulations thereunder, the United Kingdom Bribery Act of 2010, any legislation implementing the Organization for Economic Cooperation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, and any other applicable Law regarding anti-bribery or illegal payments or gratuities.

"<u>Boyd Consulting Agreement</u>" means a consulting agreement to be entered into between Mrs. Boyd and the Parent concurrently with the execution and delivery of this Agreement, in substantially the form mutually agreed between Mrs. Boyd and the Parent.

"<u>Boyd Employment Agreement</u>" means an executive employment agreement to be entered into among Mr. Boyd, the Company and the Parent concurrently with the execution and delivery of this Agreement, in substantially the form mutually agreed among Mr. Boyd, the Company and the Parent.

"<u>Business Day</u>" means any day that is not a Saturday, a Sunday or any other day on which banks are required or authorized by Law to be closed in New York, New York.

"<u>Buyer Material Adverse Effect</u>" means any event, change, occurrence or effect that would prevent, materially delay or materially impede the performance by the Buyer of its obligations under this Agreement or any of the other Transaction Documents to which it will be a party or the consummation by the Buyer of the transactions contemplated hereby or thereby.

"<u>Cash</u>" means the aggregate amount of all cash, cash equivalents and marketable securities held by the Company, in all cases determined in accordance with GAAP; <u>provided</u> that (x) any payments made by the Company in respect of Indebtedness or Transaction Expenses or (y) any cash dividends or other cash distributions made by the Company, in each case, from the Calculation Time through the Closing, shall be calculated as if such payments, dividends or distributions had been made prior to the Calculation Time.

"<u>Calculation Time</u>" means 12:01 a.m., Eastern Time, on the Closing Date.

"<u>Cash-to-Accrual Taxes</u>" means an amount (which shall not be less than zero) equal to the Taxes of the Company, Buyer or any of their respective Affiliates for any taxable period (or portion thereof) beginning on or after the Closing Date arising from or attributable to an actual or deemed change in the Company's method of accounting from the cash method of accounting to the accrual method of accounting for income Tax purposes imposed as a result of the recognition of income in a Tax period (or portion thereof) beginning on or after the Closing Date related to cash basis accounts receivable and prepaid expenses existing as of the date immediately preceding the Closing Date net of cash basis accounts payable and accrued expenses existing as of the date immediately preceding the Closing Date.

"<u>Change of Control</u>" means, with respect to the Parent or the Company, the occurrence of any of the following events: (a) any person or group (within the meaning of Section 13(d)(3) of the Exchange Act) becomes the beneficial owner, directly or indirectly, of more than fifty percent (50%) of the outstanding voting power; (b) a merger, consolidation, recapitalization, reorganization or similar transaction, as a result of which the holders of the outstanding voting securities immediately prior to such transaction do not continue to hold at least a majority of the outstanding voting power of the surviving or resulting entity; or (c) a sale, lease, transfer, or other disposition of all or substantially all assets.

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

"<u>Collective Bargaining Agreement</u>" means any labor-related agreement, memorandum of understanding, or other similar labor-related obligation between the Company and any labor union, trade union, labor organization, employee representative, or works council with respect to any one or more employees of the Company.

"<u>Company Data</u>" means all data Processed by the Company and contained in the systems, databases, files or other records of the Company, including Personal Data.

"<u>Company Intellectual Property</u>" means all Intellectual Property that is owned, purported to be owned, used, held for use or practiced by the Company.

"<u>Competing Transaction</u>" means any of the following involving the Company other than the transactions contemplated hereby: any proposed (i) merger, consolidation, share exchange, business combination or other similar transaction involving the Company, (ii) sale, lease, exchange, transfer, license or other disposition directly or indirectly of 10% or more of the assets of the Company (based on fair market value) or (iii) transaction (including a tender offer or exchange offer) in which any Person would acquire beneficial ownership (as such term is defined in Rule 13d-3 under the Exchange Act) of, or the right to acquire beneficial ownership, of (whether itself, as a member of any "group" (as such term is defined under the Exchange Act) or otherwise), 10% or more of any class of equity securities of the Company.

"<u>COVID-19</u>" means SARS-CoV-2 or COVID-19, and any evolutions thereof or related outbreaks.

"<u>Deferred Pre-Closing Tax Effect</u>" means any of the following: (a) change in method of accounting for a Pre-Closing Tax Period; (b) use of an improper method of accounting for a Pre-Closing Tax Period; (c) adjustment pursuant to Section 481 of the Code made prior to the Closing or made or required to be made in connection with or as a result of the transactions contemplated by this Agreement or in respect of any Pre-Closing Tax Period but expressly excluding any Cash-to-Accrual Taxes; (d) closing agreement with a Taxing Authority executed on or prior to the Closing Date; (e) prepaid amount, advanced amount or deferred revenue received or accrued on or prior to the Closing Date or accounts receivable or other receivable or zero basis asset in existence on or prior to the Closing Date; (f) use of cash method of accounting on or prior to the Closing Date; (g) intercompany transaction or excess loss account made on or prior to the Closing Date; or (h) installment sale or open transaction disposition made on or prior to the Closing Date. For avoidance of doubt, Deferred Pre-Closing Tax Effect expressly excludes any Cash-to-Accrual Taxes.

"<u>Encumbrance</u>" means any charge, claim, mortgage, lien, option, pledge, security interest or other restriction of any kind (other than those created under applicable securities Laws, and not including any non-exclusive license of Intellectual Property).

"<u>Enforceability Exceptions</u>" means, with respect to any specified obligation, any limitations on the enforceability of such obligation due to applicable bankruptcy, insolvency, reorganization, fraudulent conveyance, fraudulent transfer, moratorium, and other similar laws of general applicability relating to or affecting creditors' rights or general equity principles (including public policies) or except as rights to indemnification or contribution may be limited by Federal, state, provincial or territorial securities laws.

"<u>Environmental Laws</u>" means any applicable Laws of any Governmental Authority in effect as of the date hereof relating to protection of human health, safety, or the environment including any of the foregoing regulating the management, manufacturing, treatment, storage, transportation, or disposal of Hazardous Materials, or occupational safety or health.

"<u>Environmental Permits</u>" means all Permits required under applicable Environmental Law.

"<u>Equity Interest</u>" means, with respect to any Person, any and all shares, interests, or other equivalents (however designated and whether voting or non-voting) of such Person's capital stock or other equity interests (including partnership or membership interests in a partnership or limited liability company or any other interest or participation that confers on a Person the right to receive a share of the profits and losses, or distributions of assets, of the issuing Person), and any equity or debt securities convertible into or exchangeable or exercisable for such Person's capital stock or other equity interests (including any options, warrants, calls, subscriptions or other purchaser or redemption rights).

"<u>Escrow Agent</u>" means Citibank, N.A., or its successor under the Escrow Agreement.

"<u>Escrow Agreement</u>" means the Escrow Agreement to be entered into by the Buyer, the Sellers and the Escrow Agent, substantially in the form attached hereto as <u>Exhibit A</u>.

"<u>Escrow Amount</u>" means Five Hundred Thousand Dollars ($500,000).

"<u>Escrow Fund</u>" means the Escrow Amount deposited with the Escrow Agent, including any remaining interest or other amounts earned thereon.

"<u>Estimated Purchase Price</u>" means (i) Thirteen Million Dollars ($13,000,000), <u>plus</u> (ii) the Estimated Cash, <u>plus</u> (iii) the Working Capital Overage, if any, <u>minus</u> (iv) the Estimated Indebtedness, <u>minus</u> (v) the Working Capital Underage, if any, <u>minus</u> (vi) the Estimated Transaction Expenses, <u>minus</u> (vii) the Escrow Amount.

"<u>Fifth Anniversary Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of Four Hundred Thousand Dollars ($400,000) divided by the Ten-Day VWAP as of the Fifth Closing Anniversary.

"<u>Fifth Closing Anniversary</u>" means May 22, 2031.

"<u>First Anniversary Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of One Million Four Hundred Thousand Dollars ($1,400,000) divided by the Ten-Day VWAP as of the First Closing Anniversary.

"<u>First Closing Anniversary</u>" means May 22, 2027.

"<u>Flow-Through Tax Return</u>" means IRS Form 1120-S and any similar Tax Return of the Company to the extent that items of income, gain, loss, deduction and credit flow-through to Sellers for applicable income Tax purposes.

"<u>Fourth Anniversary Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of One Million Four Hundred Thousand Dollars ($1,400,000) divided by the Ten-Day VWAP as of the Fourth Closing Anniversary.

"<u>Fourth Closing Anniversary</u>" means May 22, 2030.

"<u>Fundamental Representations</u>" means the representations and warranties of (i) the Sellers in <u>Section 3.1</u> (Organization), <u>Section 3.2</u> (Authority), <u>Section 3.3</u> (No Conflict; Required Filings and Consents), <u>Section 3.4</u> (Interests) and <u>Section 3.5</u> (Brokers) of this Agreement and (ii) the Company in <u>Section 4.1</u> (Organization and Qualification), <u>Section 4.2</u> (Authority), <u>Section 4.4</u> (No Conflict; Required Filings and Consents), <u>Section 4.5</u> (Capitalization), <u>Section 4.6</u> (Equity Interests) and (iii) the Buyer Parties in <u>Section 5.1</u> (Organization), <u>Section 5.2</u> (Authority), <u>Section 5.3</u> (No Conflict; Required Filings and Consents), and <u>Section 5.5</u> (Brokers) of this Agreement.

"<u>Fraud</u>" means, with respect to any Person, actual (and not constructive) common law fraud under Delaware law.

"<u>GAAP</u>" means United States generally accepted accounting principles as in effect as of the time of the preparation of the applicable financial statements.

"<u>Governmental Authority</u>" means any United States or non-United States national, federal, state, provincial or local governmental, regulatory or administrative authority, agency or commission or any judicial or arbitral body (public or private) of competent jurisdiction.

"<u>Government Contract</u>" means any contractual agreement of any kind, between the Company, on the one hand, and (i) any Governmental Authority, (ii) any prime contractor of a Governmental Authority in its capacity as a prime contractor, or (iii) any higher-tier subcontractor of a Governmental Authority in its capacity as a subcontractor, on the other hand. Unless otherwise indicated, no task, purchase or delivery order under a Government Contract will constitute a separate Government Contract, for purposes of this definition, but will be part of the Government Contract under which it was issued.

"<u>Government Official</u>" means, collectively, any officer, employee, official, representative, or any Person acting for or on behalf of any Governmental Authority or public international organization, any political party or official thereof and any candidate for political office.

"<u>Hazardous Materials</u>" means any material, substance, or waste that is identified or regulated by any Governmental Authority because of its potential ignitability, reactivity, corrosivity, toxicity, or other hazard to human health or the environment, including hazardous wastes, hazardous materials, hazardous constituents, hazardous substances, extremely hazardous substances, restricted wastes, toxic substances, contaminants, pollutants, radioactive materials, petroleum, oils, per- and poly-fluorinated alkyl substances, and polychlorinated biphenyls.

"<u>Income Tax</u>" means any U.S. federal, state, local, or non-U.S. income Tax or other Tax imposed on or with reference to net income, profits, net profits, margin, or other similar measures (including withholding Taxes imposed by reference to the net or gross income (other than wages) of another Person, but excluding, in each case, for the avoidance of doubt, any ad valorem, property, excise, sales, use, goods and services, severance, production, utility and other similar Taxes not imposed on or with reference to any such measures).

"<u>Indebtedness</u>" means, as at a specified time, without duplication, in each case as of the Calculation Time (a) the outstanding principal amount, plus any related accrued and unpaid interest, and to the extent actually payable, fees and prepayment premiums or penalties, of (i) indebtedness for borrowed money of the Company and (ii) indebtedness of the Company evidenced by any note, bond or debenture, (b) reimbursement obligations of the Company under letters of credit, performance bonds, surety bonds, bankers acceptances and similar obligations, in each case only to the extent drawn, (c) all obligations under leases required to be classified as finance leases or capital leases by the Company in accordance with GAAP, (d) all obligations under any interest rate, currency or other hedging, swap, collar, cap, forward contracts or similar agreements, (e) any amounts for the contingent, deferred or unpaid purchase price of assets, securities, goods and services, including any earn out liabilities or any conditional sale or other title retention agreement with respect to property acquired by the Company, (f) declared or accrued but unpaid dividends, (g) unpaid management fees payable to the Sellers or any of their Affiliates, (h) financed insurance premiums, (i) all obligations secured by a purchase money mortgage or other Lien to secure all or part of the purchase price of property subject to such mortgage or Lien; (j) all obligations secured by Encumbrances on the Company or its assets; (k) any off balance sheet financial obligations in the nature of indebtedness, including synthetic leases and project financing; (l) the face value of any surety bonds, performance bonds or security deposits; (m) all obligations of the Company to any Affiliate or to any manager, member, officer or employee of the Company or to any Affiliate of the foregoing other than Liabilities to current employees of the Company incurred in the ordinary course of business; (n) any "applicable employment taxes" (as defined in Section 2302(d)(1) of the CARES Act) that the Company has elected to defer prior to the Closing Date pursuant to Section 2302 of the CARES Act (which amount, for the avoidance of doubt, shall not be less than zero and shall not include any offsets or reductions with respect to Tax refunds or overpayments of Tax) and any payroll Tax obligations that the Company has deferred (for example, by a failure to timely withhold, deposit or remit any such amounts in accordance with the applicable provisions of the Code and Treasury Regulations promulgated thereunder) pursuant to or in connection with any U.S. presidential memorandum or executive order; (o) any accrued but unpaid Taxes of the Company for any Pre-Closing Tax period but expressly excluding any Cash-to-Accrual Taxes; (p) any Liabilities, whether or not accrued, associated with employee bonuses (including, for the avoidance of doubt, undocumented bonuses issued in the Company's ordinary course of business), signing bonuses, management performance bonuses and relocation bonuses not included in Transaction Expenses (and the employer portion of all applicable employment, payroll and similar Taxes related thereto); (q) all accrued but unused paid time off, vacation, sick leave or similar compensated absence obligations of the Company, whether or not vested or required to be paid upon termination (and the employer portion of all applicable employment, payroll and similar Taxes related thereto); (r) deferred revenue; (s) all budgeted, approved, deferred or in process capital obligations and commitments of the Company; (t) any unfunded or underfunded benefit liability with respect to any retirement plan or nonqualified deferred compensation plan, agreement or arrangement and (u) all obligations of the type referred to in clauses (a) through (h) of other Persons for the payment of which the Company is responsible or liable, as obligor, guarantor, surety or otherwise, including any guarantee of such obligations. For purposes of this Agreement, Indebtedness includes the aggregate amount of any accrued interest, accreted value, breakage costs, prepayment premiums or penalties related thereto, unpaid fees or other costs or expenses associated with the prepayment or termination of any Indebtedness. For avoidance of doubt, as used herein, Indebtedness shall not include any Liabilities or obligations that are taken into account in the calculation of Transaction Expenses and shall not include any amounts that are included in the final determination of Net Working Capital. Further, and for avoidance of doubt, Indebtedness expressly excludes any Cash-to-Accrual Taxes.

"<u>Indemnified Taxes</u>" means (a) all Taxes (or the non-payment thereof) of the Company for any Pre-Closing Tax Period, including all taxes attributable to any Deferred Pre-Closing Tax Effects, (b) any and all Taxes of any Person (other than the Company) imposed on the Company as a transferee or successor, by contract or pursuant to any Law, rule, or regulation, which Taxes relate to an event or transaction occurring before the Closing and (c) any Taxes of any Seller. For avoidance of doubt, the Parties hereto acknowledge and agree that for purposes of this Agreement, Indemnified Taxes expressly excludes any Cash-to-Accrual Taxes, for which Sellers shall have no indemnity obligation.

"<u>Intellectual Property</u>" means all intellectual property, intellectual property rights and related priority rights protected, created or arising under the Laws of the United States or any other jurisdiction or under any international convention, including all (a) patents and patent applications, including any continuation, continuation-in-part, divisional and provisional applications and any patents issuing thereon and any reissues, reexaminations, substitutes and extensions of any of the foregoing ("<u>Patents</u>"), (b) trademarks, service marks, trade names, trade dress, logos, corporate names, social media handles and accounts and other source or business identifiers and any registrations, applications, renewals and extensions of any of the foregoing and all goodwill associated with any of the foregoing ("<u>Marks</u>"), (c) Internet domain names, uniform resource locators and social media accounts and handles, (d) copyrights, mask works, works of authorship and any registrations, applications, renewals, extensions and reversions of any of the foregoing, (e) trade secrets, know-how and confidential and proprietary information, information, designs, formulae, compositions, algorithms, procedures, methods, techniques, ideas, research and development, data, specifications, processes, inventions (whether patentable or not and whether reduced to practice or not) and improvements, in each case, excluding any of the foregoing that comprise or are protected by issued Patents or published Patent applications; (f) Software; and (g) other proprietary rights relating to any of the foregoing.

"<u>International Trade Laws</u>" means any applicable (a) Sanctions; (b) U.S. export control Laws (including, without limitation, the International Traffic in Arms Regulations (22 CFR §§ 120-130, as amended)), the Export Administration Regulations (15 CFR §§ 730-774, as amended) and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws; (c) Laws pertaining to imports and customs, including those administered by the Bureau of Customs and Border Protection in the United States Department of Homeland Security (and any successor thereof) and any regulation, order, or directive promulgated, issued or enforced pursuant to such Laws; (d) the anti-boycott laws administered by the U.S. Department of Commerce and the U.S. Department of the Treasury; and (e) export, import and customs Laws of other countries in which the Sellers or the Company, have conducted and/or currently conduct business.

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

"<u>Knowledge</u>" with respect to the Company means the actual knowledge of the Persons set forth in <u>Schedule 1.1(a)</u> of the Disclosure Schedules, in each case, after reasonable inquiry of their direct reports who would reasonably be expected to have knowledge of the applicable subject matter.

"<u>Law</u>" means any statute, law (including common law), ordinance, regulation, rule, code, executive order, injunction, judgment, decree, order or other requirement of any Governmental Authority.

"<u>Leased Real Property</u>" means the real property leased, subleased, licensed, used or occupied by the Company, in each case, as tenant, subtenant, licensee or user, together with, to the extent leased by the Company, all buildings and other structures, facilities, systems or improvements previously or hereafter located thereon and all easements, licenses, rights and appurtenances of the Company relating to the foregoing.

"<u>Lookback Date</u>" means January 1, 2020.

"<u>Losses</u>" means any cost, loss, liability, obligation, damage, deficiency, Tax, expense (including costs of investigation and defense and reasonable and documented actual attorneys' fees and expenses), fine, penalty, judgment, award, or assessment; provided, however, that Loss shall not include any speculative, exemplary, special or punitive damages, unless and to the extent that any such damages result from any Third Party Action.

"<u>Material Adverse Effect</u>" means any event, change, occurrence or effect that, individually or in the aggregate, (a) would prevent, delay or impede the performance by the Company of its obligations under this Agreement or any of the other Transaction Documents to which it will be a party or the consummation by the Company of the transactions contemplated hereby or thereby or (b) would reasonably be expected to have a material adverse effect on the business, condition (financial or otherwise), assets, liabilities or results of operations of the Company, taken as a whole; <u>provided</u>, <u>however</u>, that in the case of clause (b) no event, change, occurrence or effect to the extent resulting from the following shall be deemed to constitute a Material Adverse Effect: (i) any changes in general economic or business conditions, or in the financial, debt, banking, capital, credit or securities markets, or in interest or exchange rates, in each case, in the United States or elsewhere in the world, (ii) general changes or developments in any of the industries in which the Company operates, (iii) any adoption, implementation, modification, repeal or other changes in any applicable Laws or any changes in applicable accounting regulations or principles (including GAAP) or in interpretations of any of the foregoing, in each case after the date hereof, (iv) any failure by the Company to meet internal or published projections, forecasts or revenue or earnings predictions, in and of itself (<u>provided</u>, that the facts or occurrences giving rise to or contributing to such failure that are not otherwise excluded from the definition of "Material Adverse Effect" may be taken into account in determining whether there has been a Material Adverse Effect), (v) political, geopolitical or regulatory conditions or any outbreak, continuation or escalation of any military conflict, declared or undeclared war, armed hostilities, civil unrest, public demonstrations, acts of sabotage, acts of foreign or domestic terrorism, or governmental shutdown or slowdown, or any escalation or worsening of any such conditions, (vi) natural or manmade disasters, hurricanes, floods, tornados, tsunamis, earthquakes or other weather conditions or other acts of God, (vii) any epidemic, pandemic or disease outbreak (including COVID-19), or any escalation or worsening of such conditions, (viii) the effect of any action taken by Buyer Parties or their respective Affiliates with respect to the transactions contemplated hereby; (ix) the announcement, pendency or completion of the transactions contemplated by this Agreement, or (x) any action required by this Agreement or any action taken (or omitted to be taken) with the written consent of or at the written request of Buyer Parties; <u>provided</u>, in the case of clauses (i), (ii), (iii), (v), (vi), and (vii), to the extent the impact of such event, change, occurrence or effect is not disproportionately adverse to the Company, taken as a whole, relative to other companies operating in the industries in which the Company operates.

"<u>Mrs. Boyd</u>" means Angela Boyd.

"<u>Net Working Capital</u>" means, as at a specified time and without duplication, an amount (which may be positive or negative) equal to (i) the current assets of the Company <u>minus</u> (ii) the current liabilities of the Company in each case before taking into account the consummation of the transactions contemplated hereby, and calculated in accordance with GAAP. Notwithstanding anything to the contrary herein, in no event shall "Net Working Capital" include any items included in Cash, Indebtedness, or Transaction Expenses.

"<u>NRC</u>" means the U.S. Nuclear Regulatory Commission.

"<u>Nuclear Law</u>" means any Law relating to the development, production and use of nuclear energy or the use, manufacture, fabrication, handling, transport, processing, production, possession, use, storage, disposal, or import or export of Nuclear Materials, prescribed equipment and prescribed information.

"<u>Nuclear Materials</u>" means any nuclear fuel, radioactive materials, substances, gasses and ores (including natural radiological substances concentrated by human activity to a level not normally found in nature), and any products containing any of the foregoing.

"<u>Offer Letter</u>" means an offer letter, including an employee confidentiality and invention assignment agreement in substantially the forms mutually agreed between the Company and the Buyer.

"<u>Open Source Software</u>" means any software that contains or is derived in any manner (in whole or in part) from any software, code or libraries that are distributed as free software or as open source software or under any licensing or distribution models similar to open source, including any software licensed under or subject to terms that require source code to be provided or made available to subsequent licensees or sublicensees (regardless of whether the license restricts source code from being distributed in modified form), including any software licensed under or subject to the Artistic License, the Mozilla Public License, the GNU Affero GPL, the GNU GPL, the GNU LGPL, any other license that is defined as an Open Source License by the Open Source Initiative.

"<u>Organizational Documents</u>" means, with respect to any Person that is not an individual, the articles or certificate of incorporation, amalgamation or organization, by-laws, limited partnership agreement, partnership agreement, limited liability company agreement, shareholders agreement or such other organizational documents of such Person.

"<u>Owned Intellectual Property</u>" means Intellectual Property that is owned or purported to be owned by the Company.

"<u>Owned Real Property</u>" means the real property owned by the Company, if any, together with all buildings and other structures, facilities, improvements and fixtures located thereon and all easements, licenses, rights, interests and appurtenances of the Company relating to the foregoing.

"<u>Parent Common Stock</u>" means shares of common stock of the Parent, par value $0.0001 per share.

"<u>Payoff Letters</u>" means a payoff letter with respect to each of (i) the Equipment Finance Agreement dated February 3, 2023 between the Company and Highland Capital Corporation, as amended or modified and (ii) the Finance Agreement dated January 31, 2023 between the Company and LEAF Capital Funding, LLC, as amended or modified, in each case, setting forth the terms of payment, satisfaction, discharge, release and termination in full of all Indebtedness thereunder.

"<u>Permitted Encumbrance</u>" means (i) statutory liens for current Taxes not yet due and payable (taking into account extensions granted in the ordinary course and that do not result in the imposition of a penalty) or with respect to which the validity or amount is being contested in good faith through appropriate proceedings and for which adequate reserves with respect thereto are maintained on the Company's books in accordance with GAAP, (ii) mechanics', carriers', workers', repairers' and other similar liens arising in the ordinary course of business with respect to any amounts not yet due and payable or with respect to which there is no default on the part of the Company or the validity or amount is being contested in good faith through appropriate proceedings and for which adequate reserves with respect thereto are maintained on the Company's books in accordance with GAAP, (iii) zoning, entitlement, conservation restriction and other land use and environmental regulations promulgated by Governmental Authorities, (iv) Encumbrances arising in the ordinary course of business under worker's compensation, unemployment insurance, social security, retirement and similar legislation, (v) nonexclusive licenses of Intellectual Property granted to customers in the ordinary course of business solely in the form of shrink-wrap, click-wrap or other off-the-shelf, commercially available software or standard form end-user licenses, which do not grant any right to source code, exclusive rights or material customization or development rights, and (vi) all restrictions, easements, minor imperfections of title, charges and rights-of-way that would not reasonably be expected to impair the current use or occupancy of any real property subject thereto.

"<u>Person</u>" means an individual, corporation, partnership, limited liability company, limited liability partnership, syndicate, person, trust, association, organization or other entity, including any Governmental Authority, and including any successor, by merger or otherwise, of any of the foregoing.

"<u>Personal Data</u>" means any information about an individual person which is used or could be used to identify the individual, alone or in combination with any other information or data available to the Company, or which otherwise constitutes "personal information," "personally identifiable information" or any other similar terms under applicable Law.

"<u>Pre-Closing Tax Period</u>" means any taxable period ending on or prior to the date immediately preceding the Closing Date and the portion of any Straddle Period that ends on, and includes, the date immediately preceding the Closing Date.

"<u>Privacy Laws"</u> means (i) all applicable Laws issued by any Governmental Authority and binding industry guidance, in each case as amended, consolidated, re-enacted or replaced from time to time, relating to the privacy, security, transfer or Processing of Personal Data, data breach notification, website and mobile application privacy policies and practices, Social Security number protection, Processing and security of payment card information, and email, text message, or telephone communications and (ii) as applicable, the Payment Card Industry Data Security Standard.

"<u>Pro Rata Portion</u>" means, (i) with respect to Mr. Boyd, 55%, and, (ii) with respect to Onium, 45%.

"<u>Process</u>" or "<u>Processing</u>" means the collection, use, storage, processing, recording, distribution, transfer, import, export, disposal or disclosure of data or as otherwise defined under Privacy Laws.

"<u>Product</u>" means each product and service developed, marketed, licensed, sold, performed, produced, serviced, distributed or otherwise made available by the Company, including any product or service currently under development by the Company.

"<u>Public Health Measures</u>" means any quarantine, "shelter-in-place," "stay at home," furlough, workforce reduction, social distancing, shut down, closure, sequester or any other Law, order, directive, guideline or recommendation issued or promulgated by any Governmental Authority, the World Health Organization or any industry group in connection with or in response to any epidemic, pandemic or outbreak of disease (including, for the avoidance of doubt, COVID-19), or in connection with or in response to any other public health conditions, in each case, whether such Law, order, directive, guideline or recommendation is in place currently or is issued, promulgated or modified hereafter.

"<u>Purchase Price</u>" means (i) the Estimated Purchase Price, as it may be adjusted in accordance with <u>Section 2.4</u> plus (ii) any amounts paid to the Sellers out of the Escrow Fund.

"<u>Registered Company Intellectual Property</u>" means all Owned Intellectual Property that has been issued by, registered with, or the subject of an application filed with, as applicable, the United States Patent and Trademark Office, the United States Copyright Office, private domain name registrar, or any similar office or agency anywhere in the world that has not lapsed or expired or that the Sellers, in their reasonable business judgment, has not decided to cancel, abandon, allow to lapse or not renew.

"<u>Registration Rights Agreement</u>" means the Registration Rights Agreement between the Parent and the Sellers, substantially in the form attached hereto as <u>Exhibit B</u>, to be entered into at the Closing.

"<u>Restricted Party</u>" means each of the following: Mr. Boyd, Onium, and Mrs. Boyd.

"<u>Restrictive Covenants Agreement</u>" means a Restrictive Covenants Agreement between the Buyer and each Restricted Party in substantially the form attached hereto as <u>Exhibit C</u>.

"<u>Related Parties</u>" means, with respect to a Person, such Person's Affiliates and its and their respective current and former direct and indirect equityholders, members, directors, managers, partners (limited and general), officers, controlling Persons, employees, agents, Representatives and the respective successors and assigns of each of the foregoing.

"<u>Representatives</u>" means, with respect to any Person, the officers, directors, principals, employees, agents, auditors, advisors, bankers and other representatives of such Person.

"<u>Sanctioned Person</u>" means any Person that is: (a) identified on any Sanctions- or export-related restricted party list, including the Specially Designated Nationals and Blocked Persons List, Sectoral Sanctions Identifications List, and Foreign Sanctions Evaders List maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control ("<u>OFAC</u>"); the Denied Persons, Unverified, or Entity Lists, maintained by the U.S. Department of Commerce's Bureau of Industry and Security; the Debarred List or non-proliferation sanctions lists maintained by the U.S. State Department's Directorate of Defense Trade Controls; or any other similar list maintained by any other Governmental Authority with jurisdiction over any party to this Agreement; (b) organized, resident, or located in a country, territory, or geographical region which is itself the subject or target of comprehensive Sanctions (as of the date of this Agreement, Cuba, Iran, North Korea, and the Crimea, Donetsk People's Republic and Luhansk People's Republic regions of Ukraine, and prior to July 1, 2025, Syria); or (c) owned, in the aggregate, 50% or more or controlled, directly or indirectly, by a Person or Persons described in clause (a) or (b).

"<u>Sanctions</u>" means economic or financial sanctions, requirements or trade embargoes imposed, administered or enforced from time to time by the United States (including, OFAC, the U.S. Department of State and the U.S. Department of Commerce), the United Nations Security Council, the European Union, His Majesty's Treasury of the United Kingdom, or any Governmental Authority with jurisdiction over any party to this Agreement.

"<u>Second Anniversary Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of One Million Four Hundred Thousand Dollars ($1,400,000) divided by the Ten-Day VWAP as of the Second Closing Anniversary.

"<u>Second Closing Anniversary</u>" means May 22, 2028

"<u>Security Incident</u>" means any actual (i) breach of security or other unauthorized or unlawful access, acquisition, exfiltration, manipulation, erasure, loss, use or disclosure that compromises the confidentiality, integrity, availability or security of Company Data or the Systems; (ii) unauthorized acquisition, interruption, modification, loss, theft, corruption, interference or unauthorized Processing of any data or information; or (iii) compromise, intrusion, misuse, interference or unauthorized access to or use of any System, or any unauthorized Processing of any data or information hosted, stored on or accessed therefrom, including any ransomware attack, distributed denial-of-service attack or any other similar incident, in each instance, regardless of whether any such incident or breach triggers any notice or reporting obligations under applicable Laws.

"<u>Seller Material Adverse Effect</u>" means any event, change, occurrence or effect that would prevent, materially delay or materially impede the performance by the Sellers or the Company of their respective obligations under this Agreement or any of the other Transaction Documents to which they will be a party or the consummation by the Sellers or the Company of the transactions contemplated hereby or thereby.

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

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

"<u>Special Representations</u>" means the representations and warranties of the Company in <u>Section 4.12</u> (Employee Benefit Plans), <u>Section 4.16</u> (Intellectual Property; IT Assets; Data Privacy and Security), <u>Section 4.17</u> (Taxes) and <u>Section 4.18</u> (Environmental Matters).

"<u>Subsidiary</u>" means, with respect to any Person, any other Person of which (a) a majority of the total voting power of Equity Interests (without regard to the occurrence of any contingency) entitled to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such first Person, or one or more of the other Subsidiaries of such Person or a combination thereof, or (b) any Person of which a majority of the ownership interests are owned or controlled, directly or indirectly, by such Person or one or more Subsidiaries of such Person or a combination thereof. For purposes of this definition, a Person shall be deemed to have a majority ownership interest in another Person if such Person is allocated a majority of the gains or losses of such Person or is or controls the managing director, the board, or general partner of such Person.

"<u>Systems</u>" means all of the Company's information technology and operational technology systems, resources, software, hardware, devices, and networks, whether or not hosted on third party infrastructure, in each case, directly controlled by the Company.

"<u>Target Net Working Capital</u>" means $472,332.00.

"<u>Tax Return</u>" means any return, declaration, report, statement, form, claim for refund, information statement or other documents, including any related or supporting schedules, statements or documents and FinCEN Form 114, and any amendment or modification thereto, required to be filed or filed with a Governmental Authority with respect to Taxes.

"<u>Taxes</u>" means (i) any and all U.S. federal, state or local or non-U.S. income, gross receipts, franchise, estimated, alternative minimum, add-on minimum, sales, use, transfer, registration, value added, excise, natural resources, severance, stamp, occupation, premium, windfall profit, environmental, customs, duties, real property, personal property, *ad valorem*, capital stock, social security, unemployment, disability, payroll, license, employee or other withholding, composite, healthcare or other tax of any kind (together with any and all interest, penalties (including any penalties resulting from the failure to file a Tax Return whether or not any Taxes were required to be reflected on such Tax Return), additions to tax and additional amounts imposed with respect thereto) imposed by any Governmental Authority and (ii) liability for the payment of any amounts of the type described in clause (i) above of another Person arising as a result of (A) being (or ceasing to be) a member of any Affiliated Group (or being included (or required to be included) in any Tax Return relating thereto) or (B) any transferee or secondary liability or any liability assumed by contract, Law, or otherwise.

"<u>Ten-Day VWAP</u>" means the volume weighted average price per share of Parent Common Stock as reported by Bloomberg and calculated during regular trading hours over the ten consecutive Trading Day period ending on the Trading Day immediately prior to the applicable reference date.

"<u>Third Anniversary Stock Consideration</u>" means an amount of shares of Parent Common Stock equal to the quotient of One Million Four Hundred Thousand Dollars ($1,400,000) divided by the Ten-Day VWAP as of the Third Closing Anniversary.

"<u>Third Closing Anniversary</u>" means May 22, 2029.

"<u>Trading Day</u>" means a day on which the principal Trading Market is open for trading.

"<u>Trading Market</u>" means any of the following markets or exchanges on which Parent Common Stock is listed or quoted for trading on the date in question: the NYSE American, The Nasdaq Capital Market, The Nasdaq Global Market, The Nasdaq Global Select Market, or the New York Stock Exchange (or any successors to any of the foregoing).

"<u>Transactions</u>" means the transactions contemplated by this Agreement and the T<u>ransaction Documents.</u>

"<u>Transaction Documents</u>" means this Agreement, the Escrow Agreement, the Registration Rights Agreement, the Restrictive Covenants Agreement and the other written documents, instruments and certificates executed under or in connection with this Agreement.

"<u>Transaction Expenses</u>" means, without duplication, to the extent not paid by the Sellers or the Company prior to Closing, the fees, costs and expenses incurred or to be incurred or subject to reimbursement by or on behalf of the Company, whether accrued or not, in connection with the process of selling the Company or the negotiation, preparation or execution of this Agreement or the other Transaction Documents or the performance or consummation of the transactions contemplated by this Agreement, including: (i) the fees, costs and expenses of the Sellers or the Company for investment bankers, attorneys, accountants, service providers and other consultants and advisors, (including brokerage fees, commissions, finders' fees or financial advisory fees), (ii) all Liabilities or obligations for severance, stay bonuses, retention bonuses, transaction bonuses, change of control payments and other similar payments triggered or voluntarily payable as a result of the consummation of the transactions contemplated by this Agreement, including the employer portion of all applicable employment, payroll and similar Taxes related thereto, and (iii) fifty percent (50%) of (A) all Transfer Taxes and (B) all fees and expenses associated with obtaining the Escrow Agent; and for avoidance of doubt, any fees and expenses associated with obtaining the D&O Insurance shall expressly not be deemed Transaction Expenses hereunder and shall be paid by Buyer.

"<u>Treasury Regulations</u>" means the United States Treasury regulations promulgated under the Code.

"<u>Willful Breach</u>" means a deliberate act or failure to act, which act or failure to act constitutes in and of itself a material breach of any covenant or agreement set forth in this Agreement, regardless of whether breaching such covenant or other agreement was the conscious object of the act or failure to act.

"<u>Working Capital Overage</u>" shall exist when (and shall be equal to the amount by which) the Estimated Net Working Capital exceeds the Target Net Working Capital.

"<u>Working Capital Underage</u>" shall exist when (and shall be equal to the amount by which) the Target Net Working Capital exceeds the Estimated Net Working Capital.

Section 1.2 <u>Table of Definitions</u>. The following terms have the meanings set forth in the Sections referenced below:

---

| | |
|:---|:---|
| **Term** | **Location** |
| Additional Listing Application | Section 6.6 |
| Adjustment Cap | Section 2.4(g) |
| Agreement | Preamble |
| Audited Costs | Section 6.9(c) |
| Balance Sheet Date | Section 4.8(a) |
| Basket | Section 8.3(b) |
| Books and Records | Section 4.1(d) |
| Buyer | Preamble |
| Buyer Indemnitees | Section 8.1 |
| Buyer Losses | Section 8.1 |
| Buyer Parties | Preamble |
| Buyer Party | Preamble |
| Closing | Section 2.2(a) |
| Closing Cash | Section 2.4(b) |
| Closing Indebtedness | Section 2.4(b) |
| Closing Net Working Capital | Section 2.4(b) |
| Closing Transaction Expenses | Section 2.4(b) |
| Company | Preamble |
| Company Trade Secrets | Section 4.16(d) |
| Cure Period | Section 2.2(i)(ii) |
| D&O Insurance | Section 6.4(b) |
| Data Protection Requirements | Section 4.16(j) |
| Data Room | Section 9.4 |

---

---

| | |
|:---|:---|
| **Term** | **Location** |
| Deferred Stock Consideration | Section 2.2(i)(i) |
| Delaware Court | Section 9.7(b) |
| Disclosure Schedules | Article III |
| Disputed Items | Section 2.4(d) |
| ERISA | Section 4.12(a) |
| Estimated Cash | Section 2.4(a) |
| Estimated Indebtedness | Section 2.4(a) |
| Estimated Net Working Capital | Section 2.4(a) |
| Estimated Transaction Expenses | Section 2.4(a) |
| Excess Amount | Section 2.4(g) |
| Exchange Act | Section 5.8 |
| Final Closing Statement | Section 2.4(b) |
| Financial Statements | Section 4.8(a) |
| Forfeited Stock Consideration | Section 2.2(i)(i) |
| Guaranteed Obligations | Section 9.17 |
| Independent Accounting Firm | Section 2.4(d) |
| Insurance Policies | Section 4.13(a) |
| Interests | Recitals |
| Interim Financial Statements | Section 4.8(a) |
| IP Assignment Agreement | Section 4.16(e) |
| Lock-Up Period | Section 6.7(a) |
| Malicious Code | Section 4.16(h) |
| Material Contracts | Section 4.19(a) |
| Material Customer | Section 4.20(a) |
| Material Supplier | Section 4.20(b) |
| Mr. Boyd | Preamble |
| Net Adjustment Amount | Section 2.4(g)(i) |
| Notice of Disagreement | Section 2.4(c) |
| Nasdaq | Section 5.8 |
| One Year 481(a) Adjustments for the S Short Year | Section 7.6(b) |
| Parent SEC Filings | Section 5.9 |
| PCAOB Audited Financial Statements | Section 6.9(a) |
| PCAOB Auditor | Section 6.9(a) |

---

---

| | |
|:---|:---|
| **Term** | **Location** |
| Permits | Section 4.10(c) |
| Preliminary Closing Statement | Section 2.4(a) |
| RCA Breach | Section 2.2(i)(ii) |
| RCA Forfeited Stock Consideration | Section 2.2(i)(ii) |
| Restricted Shares | Section 6.7(a) |
| S Short Year | Section 7.7 |
| S Termination Year | Section 7.7 |
| SEC | Section 5.9 |
| Section 481(a) Adjustments | Section 7.6(b) |
| Securities Act | Section 3.7 |
| Seller Indemnitees | Section 8.2 |
| Seller Losses | Section 8.2 |
| Seller Prepared Tax Return | Section 7.1(a) |
| Seller Stock Threshold | Section 2.2(k) |
| Sellers | Preamble |
| Tax Contest | Section 7.5 |
| Tax Accounting Method Change | Section 7.6 |
| Transfer Taxes | Section 7.3 |

---

**Article II**

**PURCHASE AND SALE**

Section 2.1 <u>Purchase and Sale of the Interests</u>. Upon the terms and subject to the conditions of this Agreement, at the Closing, the Sellers shall sell, assign, transfer, convey and deliver the Interests to the Buyer and the Buyer shall purchase the Interests from the Sellers, for the Aggregate Closing Consideration and the Aggregate Post-Closing Stock Consideration which shall be paid and/or issued as provided in this <u>Article II</u>.

Section 2.2 <u>Closing.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The sale and purchase of the Interests shall take place at a closing (the "<u>Closing</u>") which shall occur simultaneously with the execution and delivery of this Agreement, remotely via electronic exchange of documentation and consideration required to be delivered at Closing, at 10:00 a.m., Eastern time, or at such other place or at such other time or on such other date as the Sellers and the Buyer mutually may agree in writing. The day on which the Closing takes place is referred to as the "<u>Closing Date</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) At 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Buyer shall issue or pay, as applicable, or cause to be issued or paid, as applicable, to each of the Sellers their Pro Rata Portion of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) an amount equal to the Aggregate Cash Closing Consideration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Buyer shall repay, or cause to be repaid, on behalf of the Company, the amount payable to each counterparty or holder of Indebtedness set forth on 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Buyer shall pay, on behalf of the Company and to the extent unpaid as of immediately prior to the Closing, an amount equal to the Estimated Transaction Expenses to each Person who is owed a portion thereof; provided, that, if so directed by the Company, any such amounts constituting compensatory payments shall instead be delivered to the Company for payment by the Company to such individual through the Company's payroll system (reduced by the amount of any Tax withholdings that are required to be deducted and withheld with respect to such payment);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Buyer shall deposit or cause to be deposited the Escrow Amount in an account with the Escrow Agent by wire transfer in immediately available funds, to be managed and paid out by the Escrow Agent pursuant to the terms 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Buyer shall deliver or cause to be delivered to the Sellers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) a counterpart of the Escrow Agreement, executed by the Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) a counterpart to each of the Restrictive Covenants Agreements, executed by the Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) a counterpart of the Registration Rights Agreement, executed by the Parent;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a counterpart of the Boyd Employment Agreement, executed by the Parent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) a counterpart of the Boyd Consulting Agreement, executed by the Parent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the Sellers shall deliver or cause to be delivered to the Buyer:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) an executed instrument effecting the sale, assignment and transfer by the Sellers to the Buyer of the Interests, free and clear of all Encumbrances, including any documentation reasonably requested by the Buyer to confirm that as of the Closing the Buyer is the sole member of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) a counterpart of the Escrow Agreement, executed by the Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) duly executed copies of the Payoff Letters, including any financing statement terminations and lien releases reasonably requested by the Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a counterpart to a Restrictive Covenants Agreement, executed by each Restricted Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a counterpart of the Registration Rights Agreement, executed by the Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) evidence in form and substance reasonably satisfactory to the Buyer, that the Seller Agreements have been terminated in accordance with <u>Section 6.1</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) evidence in form and substance reasonably satisfactory to the Buyer, that each filing, notice, authorization, approval, order, permit, determination or consent required to be filed, delivered or obtained pursuant to <u>Schedule 4.4(a)</u> and <u>Schedule 4.4(b)</u> of the Disclosure Schedules has been duly filed, delivered and obtained, including copies of all such filings and written consents or approvals;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a duly executed amendment to that certain Commercial Lease Agreement, dated as of January 2, 2025, between Onium and the Company, in substantially the form attached hereto as <u>Exhibit 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I) a counterpart of an Offer Letter duly executed by each of the following individuals: (i) Kaleb T. Boyd, (ii) Billy C. Hunt, (iii) Joseph G. Phillips, (iv) Gabrielle S. Ragan, (v) Matthew D. King, and (vi) Alexander F. Bache;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a counterpart of the Boyd Employment Agreement, duly executed by Mr. Boyd;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) a counterpart of the Boyd Consulting Agreement, duly executed by Mrs. Boyd;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) two USB Drives containing a true, complete, and correct copy of the Data Room, as of 4:00 p.m., New York time, on the date that is two (2) 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) properly completed IRS Form W-9, executed by each of the Sellers or their respective regarded owner.

&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) All payments hereunder shall be made by wire transfer of immediately available funds in United States dollars to such account as may be designated to the payor by or on behalf of the payee at least two Business Days prior to the applicable payment 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) Subject to <u>Section 2.2(i)</u>, on or prior to ten Trading Days after the First Closing Anniversary, the Parent shall issue to each of the Sellers their Pro Rata Portion of the First Anniversary Stock Consideration.

&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) Subject to <u>Section 2.2(i)</u>, on or prior to ten Trading Days after the Second Closing Anniversary, the Parent shall issue to each of the Sellers their Pro Rata Portion of the Second Anniversary Stock Consideration.

&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) Subject to <u>Section 2.2(i)</u>, on or prior to ten Trading Days after the Third Closing Anniversary, the Parent shall issue to each of the Sellers their Pro Rata Portion of the Third Anniversary Stock Consideration.

&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) Subject to <u>Section 2.2(i)</u>, on or prior to ten Trading Days after the Fourth Closing Anniversary, the Parent shall issue to each of the Sellers their Pro Rata Portion of the Fourth Anniversary Stock Consideration.

&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) Subject to <u>Section 2.2(i)</u>, on or prior to ten Trading Days after the Fifth Closing Anniversary, the Parent shall issue to each of the Sellers their Pro Rata Portion of the Fifth Anniversary Stock Consideration.

&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) Stock Consideration Matters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Notwithstanding anything to the contrary contained herein, an aggregate amount of Two Million Dollars ($2,000,000) of the Aggregate Stock Consideration (the "<u>Deferred Stock Consideration</u>") shall be allocated ratably among the First Anniversary Stock Consideration, Second Anniversary Stock Consideration, Third Anniversary Stock Consideration, Fourth Anniversary Stock Consideration and Fifth Anniversary Stock Consideration (or as otherwise agreed by the parties in writing), subject to the terms and conditions of this Agreement. The issuance of each applicable portion of the Deferred Stock Consideration to the Sellers shall be conditioned upon (A) Mr. Boyd's continued employment with the Company (or its Affiliates) as of the applicable payment date (but subject in all respects to the terms of the Boyd Employment Agreement as to termination of such agreement), as set forth in <u>Section 2.2(i)(ii)</u> below; and (B) each Restricted Party's (other than Angela Boyd's) compliance with the terms of the Restrictive Covenants Agreement to which such Restricted Party is a party, as set forth in <u>Section 2.2(i)(iii)</u> below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event that Mr. Boyd is not employed by the Company (or its Affiliates) as of any such applicable payment date for any reason other than (A) termination by the Company without Cause, (B) resignation by Mr. Boyd for Good Reason, or (C) Mr. Boyd's death or Disability, then the portion of the Deferred Stock Consideration scheduled to be issued on such date shall be forfeited and shall not be issued or payable; *provided, however*, to the extent any Deferred Stock Consideration so forfeited and not issued or unpaid (collectively "<u>Forfeited Stock Consideration</u>") is later determined by a final, non-appealable order of a court of competent jurisdiction to have been wrongly forfeited or wrongfully not issued or unpaid, then, in addition to the issuance of all such Forfeited Stock Consideration which was wrongly withheld and wrongfully not issued and unpaid, Sellers shall be entitled to interest in the amount of ten percent (10.0%) per annum on such wrongfully withheld and wrongfully not issued and unpaid Forfeited Stock Consideration accruing from the date such amounts were due and payable to Sellers until the date such amounts are actually paid. For purposes of this Section, "Cause," "Good Reason" and "Disability" shall have the meanings set forth in the Boyd Employment Agreement. For the avoidance of doubt, it is the intent of the parties that to the extent permitted by applicable law, any issuances of Deferred Stock Consideration shall be treated as a portion of the Purchase Price payable to Sellers hereunder and expressly not as compensation to Mr. Boyd, and all such issuances shall be treated and reported as such by the parties hereto on their respective Tax Returns. For avoidance of doubt, in no event shall any portion of the Aggregate Post-Closing Stock Consideration other than unpaid and unissued Deferred Stock Consideration be subject to the forfeiture provisions of this <u>Section 2.2(i)(ii)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Notwithstanding anything to the contrary contained herein, in the event that a Restricted Party (other than Angela Boyd) breaches any term, condition, or obligation under the Restrictive Covenants Agreement to which such Restricted Party is a party that remains uncured after written notice thereof and a reasonable opportunity to remedy such failure within thirty (30) days of such notice (if such failure can reasonably be remedied) (each such breach, a "<u>RCA Breach</u>" and such period, the "<u>Cure Period</u>"), then the Sellers shall immediately and irrevocably forfeit any and all rights to receive any portion of the Aggregate Stock Consideration that remains unpaid or unissued as of the date on which such RCA Breach first occurred, and no shares of such Aggregate Stock Consideration shall thereafter be issuable or deliverable to or for the benefit of the Sellers *provided, however*, to the extent any Aggregate Stock Consideration so forfeited and not issued or unpaid (collectively "<u>RCA Forfeited Stock Consideration</u>") is later determined by a final, non-appealable order of a court of competent jurisdiction to have been wrongly forfeited or wrongfully not issued or unpaid, then, in addition to the issuance of all such RCA Forfeited Stock Consideration which was wrongly withheld and wrongfully not issued and unpaid, Sellers shall be entitled to interest in the amount of ten percent (10.0%) per annum on such wrongfully withheld and wrongfully not issued and unpaid RCA Forfeited Stock Consideration accruing from the date such amounts were due and payable to Sellers until the date such amounts are actually paid. In the event of a RCA Breach, to the extent any of the Aggregate Stock Consideration is due to be issued during the Cure Period, if the Restricted Party cures such RCA Breach, Parent's obligation to issue such Aggregate Stock Consideration shall be tolled until the date on which such RCA Breach ceases to be continuing and in effect. Each Seller acknowledges and agrees that (A) the Aggregate Stock Consideration constitutes valuable consideration provided in connection with this Agreement, (B) the covenants and obligations set forth in the applicable Restrictive Covenant Agreement are a material inducement to the Company's willingness to provide the Aggregate Stock Consideration, and (C) the forfeiture provisions of this <u>Section 2.2(i)(iii)</u> are a reasonable and proportionate remedy in light of the potential harm to the Company resulting from a RCA Breach. For avoidance of doubt, in no event shall any portion of the Aggregate Post-Closing Stock Consideration other than unpaid and unissued Deferred Stock Consideration be subject to the forfeiture provisions of this <u>Section 2.2(i)(iii)</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;(j) Notwithstanding anything to the contrary contained in this Agreement, in the event that after the Closing Date a Change of Control of the Parent, the Company or the Buyer occurs prior to the payment or issuance of all remaining Aggregate Post-Closing Stock Consideration, all remaining unpaid or unissued amounts of such Aggregate Post-Closing Stock Consideration (based on the Ten-Day VWAP as of the closing date of such Change of Control transaction) shall automatically accelerate and become immediately due and payable to the Sellers immediately prior to the consummation of such Change of Control 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;(k) Buyer Parties, as applicable, hereby represent and warrant to the Sellers that (i) the Aggregate Stock Consideration to be issued hereunder will, when issued pursuant to the terms of this Agreement, be duly authorized, validly issued, fully paid and nonassessable, and free and clear of all Encumbrances (other than those arising under securities Laws), and will not be issued in violation of any preemptive right, purchase option, call option, right of first refusal or similar options or rights; (ii) the Parent Common Stock will be issued in a transaction exempt from registration under the Securities Act and applicable state securities Laws, in reliance on available exemptions, including Section 4(a)(2) of the Securities Act, and will be issued as "restricted securities"; (iii) assuming the accuracy of the representations and warranties set forth in <u>Section 3.7</u>, the issuance of the Parent Common Stock will not violate the Securities Act or any applicable state securities Laws; and (iv) the Parent has sufficient Parent Common Stock authorized for issuing the Aggregate Closing Stock Consideration. Notwithstanding anything to the contrary contained herein, in no event shall the Parent have an obligation to issue to the Sellers in the aggregate a number of shares of Parent Common Stock pursuant to the Aggregate Stock Consideration in excess of 10,364,476 shares (as equitably adjusted pursuant to <u>Section 2.3</u>) (the "<u>Seller Stock Threshold</u>"), and in the event that for any reason the Seller Stock Threshold prohibits the issuance of any portion of the Aggregate Stock Consideration, the Buyer shall pay the amount of any shortfall in cash by wire transfer of immediately available funds on the date on which such issuance is due (each such date a "<u>Cash Payment Date</u>"); *provided, however,* that if the Buyer, in the good faith reasonable determination of the board of directors of Parent, does not have sufficient cash on hand on any Cash Payment Date to make such payment in full (the amount of any such shortfall referred to herein as the "<u>Cash Shortfall</u>"), the Buyer may elect to defer payment of such Cash Shortfall by delivery of written notice to Sellers on or before the Cash Payment Date, but in such event Buyer shall, with respect to any such Cash Shortfall, execute and deliver to Sellers on the applicable Cash Payment Date a promissory note (A) in the principal amount of any such Cash Shortfall, (B) with a maturity date no longer than one (1) year from the applicable Cash Payment Date, and (C) with interest accruing at ten percent (10.0%) per annum from the date of such note, in form and substance reasonably satisfactory to Sellers.

Section 2.3 <u>Equitable Adjustments</u>. If at any time during the period between the date hereof and the issuance of the Fifth Anniversary Stock Consideration, any change in the issued and outstanding shares of Parent Common Stock (or securities convertible or exchangeable into or exercisable for shares of Parent Common Stock) shall occur by reason of any reclassification, reorganization, stock split or combination, exchange or readjustment of shares, or any stock dividend thereon with a record date during such period, any of the Aggregate Stock Consideration that has not yet been issued by the Parent to the Sellers shall be equitably adjusted to the extent necessary to provide the same economic benefit to the Sellers as contemplated by this Agreement prior to such reclassification, recapitalization, stock split or combination, exchange or readjustment of shares or stock dividend.

Section 2.4 <u>Purchase Price Adjustments.</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 least two Business Days prior to the Closing Date, the Sellers prepared and delivered to the Buyer a statement (the "<u>Preliminary Closing Statement</u>") setting forth, in reasonable detail, a good-faith estimate of the Company's (i) Net Working Capital (the "<u>Estimated Net Working Capital</u>"), (ii) Indebtedness (the "<u>Estimated Indebtedness</u>"), (iii) Cash (the "<u>Estimated Cash</u>") and (iv) Transaction Expenses (the "<u>Estimated Transaction Expenses</u>"), with Net Working Capital and Cash determined as of the Calculation Time and Indebtedness and Transaction Expenses determined as of the Closing (and, except for the Estimated Transaction Expenses, without giving effect to the transactions contemplated hereby). The Preliminary Closing Statement was prepared on a basis consistent with GAAP and the terms of this Agreement. For the avoidance of doubt, neither acceptance of the Preliminary Closing Statement by the Buyer nor rejection by the Sellers of any proposed changes by the Buyer shall waive any of the Buyer's rights or remedies under 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) Within 180 days after the Closing Date, the Buyer shall cause to be prepared and delivered to the Sellers a written statement (the "<u>Final Closing Statement</u>") that shall include and set forth a calculation in reasonable detail of the actual (i) Net Working Capital ("<u>Closing Net Working Capital</u>"), (ii) Indebtedness ("<u>Closing Indebtedness</u>"), (iii) Cash ("<u>Closing Cash</u>") and (iv) Transaction Expenses ("<u>Closing Transaction Expenses</u>"), with Net Working Capital and Cash determined as of the Calculation Time and Indebtedness and Transaction Expenses determined as of the Closing (and, except for the Closing Transaction Expenses, without giving effect to the transactions contemplated hereby). The Final Closing Statement shall be prepared on a basis consistent with GAAP and the terms of this Agreement. Following the delivery of the Final Closing Statement, the Buyer will make available or deliver via e-mail to the Sellers and their Representatives copies of the applicable financial books and records of the Company used in preparing the Final Closing Statement. If, for any reason, the Buyer fails to deliver the Final Closing Statement within the time period required by this <u>Section 2.4(b)</u>, then at the election of Sellers, the Preliminary Closing Statement shall be deemed to be the Final Closing Statement (which shall be deemed to be delivered 180 days after the Closing Date for purposes of <u>Section 2.4(c)</u> and <u>Section 2.4(f)</u>) and Sellers may deliver a Notice of Disagreement with respect thereto in accordance with <u>Section 2.4(c)</u>, <u>provided</u> that, prior to any such election becoming effective, the Sellers shall have delivered to the Buyer at least five Business Days in advance written notice of its intent to make such election, and the Buyer shall not have delivered the Final Closing Statement prior to the expiration of such five Business Days. In no event may the Buyer amend or adjust the Final Closing Statement or the underlying balances and calculations thereof following delivery to the Sellers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Final Closing Statement shall become final and binding on the 60th day following delivery thereof, unless prior to the end of such period, the Sellers deliver to the Buyer written notice of their disagreement (a "<u>Notice of Disagreement</u>") specifying the nature and amount of, as well as the basis for, any dispute as to the Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Closing Transaction Expenses, as set forth in the Final Closing Statement. The Sellers may only submit one Notice of Disagreement and shall be deemed to have agreed with all items and amounts of Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Closing Transaction Expenses not specifically referenced in the Notice of Disagreement, and such items and amounts shall not be subject to review in accordance with <u>Section 2.4(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;(d) During the 30-day period following delivery of a Notice of Disagreement by the Sellers to the Buyer, the parties in good faith shall seek to resolve in writing any differences that they may have with respect to the calculation of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Closing Transaction Expenses as specified therein (collectively, the "<u>Disputed Items</u>"). Any Disputed Items resolved in writing between the Buyer and the Sellers within such 30-day period shall be final and binding with respect to such Disputed Items, and if the Sellers and the Buyer agree in writing on the resolution of each Disputed Item specified by the Sellers in the Notice of Disagreement and the amount of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and Closing Transaction Expenses, the amounts so determined shall be final and binding on the parties for all purposes hereunder. If the Buyer and the Sellers have not resolved all such Disputed Items by the end of such 30-day period (which period may be extended upon mutual agreement by the Buyer and the Sellers), the Buyer and the Sellers shall submit, in writing, to an independent public accounting firm with relevant experience in resolving purchase price disputes, jointly retained by the Buyer and the Sellers (the "<u>Independent Accounting Firm</u>"), their briefs detailing their views as to the correct nature and amount of each unresolved Disputed Item and the amounts of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Closing Transaction Expenses, and the Independent Accounting Firm shall make a written determination as to each such Disputed Item and the amount of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and/or Closing Transaction Expenses. Within 10 days of completion of the 30-day period following the delivery of a Notice of Disagreement (unless such period shall have been extended as set forth above), the Buyer and the Sellers shall jointly seek to enter into an engagement letter with the Independent Accounting Firm. The Independent Accounting Firm shall be Grassi & Co. or, if such firm is unable or unwilling to act, such other independent public accounting firm as shall be agreed in writing by the Sellers and the Buyer; provided, that if the Sellers and the Buyer are unable to agree on a replacement independent accounting firm, the Sellers (on one hand) and the Buyer (on the other hand) shall each select an accounting firm, with such accounting firms jointly selecting a neutral party to serve as the replacement independent accounting firm. The Buyer and the Sellers shall use their commercially reasonable efforts to cause the Independent Accounting Firm to render a written decision resolving all Disputed Items submitted to it within 30 days following the submission thereof (including a reasonable basis for such decision), or such longer period as the Independent Accounting Firm may reasonably require; <u>provided</u>, <u>however</u>, that the failure of the Independent Accounting Firm to strictly conform to any deadline or time period contained herein shall not render the determination of the Independent Accounting Firm invalid and shall not be a basis for seeking to overturn any determination rendered by the Independent Accounting Firm. The Independent Accounting Firm shall consider only those Disputed Items and amounts in the Buyer's and the Sellers' respective calculations of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and Closing Transaction Expenses that are identified as being Disputed Items and amounts to which the Buyer and the Sellers have been unable to agree. The scope of the disputes to be resolved by the Independent Accounting Firm shall be limited to correcting mathematical errors and determining whether the items and amounts in dispute were determined in accordance with GAAP and this Agreement, and the Independent Accounting Firm is not permitted to make any other determination, including any determination as to whether the Target Net Working Capital or any estimates on the Preliminary Closing Statement are correct, adequate or sufficient; <u>provided</u>, <u>however</u>, that any disputes with respect to the extent or nature of reasonable access, as contemplated by <u>Section 2.4(f)</u>, shall be referred to the Independent Accounting Firm for its determination, which determination shall be final and binding upon the parties. In resolving any Disputed Item, the Independent Accounting Firm may not assign a value to any Disputed Item greater than the greatest value for such Disputed Item claimed by either party or less than the smallest value for such Disputed Item claimed by either party in the Final Closing Statement or the Notice of Disagreement, respectively; <u>provided</u> that if the resolution of any Disputed Item gives rise to a corresponding entry, such corresponding entry shall be included in the Independent Accounting Firm's determination procedures (for example, a misclassification of outstanding checks between accounts payable and cash will require adjustment to both accounts, even if the Disputed Item related only to accounts payable and not cash). The Independent Accounting Firm's determination of the Closing Net Working Capital, Closing Indebtedness, Closing Cash and Closing Transaction Expenses shall be based solely on written materials submitted by the Buyer and the Sellers (*i.e.*, not on independent review) and the terms and conditions of this Agreement; <u>provided</u>, that, if mutually agreed by the Buyer and the Sellers, the parties may seek an oral hearing with the Independent Accounting Firm in supplement of such written materials. The determination of the Independent Accounting Firm shall be conclusive and binding upon the parties hereto and shall not be subject to appeal or further review. Judgment may be entered upon the written determination of the Independent Accounting Firm in accordance with this <u>Section 2.4(d)</u>. In acting under this Agreement, the Independent Accounting Firm shall function solely as an expert and not as an arbitrator. In no event shall either party engage in any *ex parte* communications with the Independent Accounting Firm with respect to any dispute hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The costs of any dispute resolution pursuant to this <u>Section 2.4</u>, including the fees and expenses of the Independent Accounting Firm and of any enforcement of the determination thereof, shall be borne by the Sellers and the Buyer in inverse proportion as they may prevail on the matters resolved by the Independent Accounting Firm, which proportionate allocation shall be calculated on an aggregate basis based on the relative dollar values of the amounts in dispute and shall be determined by the Independent Accounting Firm at the time the determination of such firm is rendered on the merits of the matters submitted. For example, if the disputed amount is $1,000 and the Independent Accounting Firm awards $600 in favor of the Buyer's position, then 40% of the fees and costs of the Independent Accounting Firm would be borne by the Buyer and 60% of such fees and costs would be borne by the Sellers. The fees and disbursements of the Representatives of each party incurred in connection with the preparation or review of the Final Closing Statement and preparation or review of any Notice of Disagreement, as applicable, shall be borne by such 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) The Buyer Parties will, and will cause the Company, during the period from and after Closing through the resolution of any adjustment to the Purchase Price contemplated by this <u>Section 2.4</u>, to afford the Sellers and their Representatives reasonable access, during normal business hours and upon reasonable prior notice, to the extent used or relied on in the preparation of the Final Closing Statement (or otherwise relevant to the calculations set forth in the Final Closing Statement), to the personnel, properties, books and records of the Company and to any other information reasonably requested for purposes of preparing and reviewing the calculations contemplated by this <u>Section 2.4</u>; <u>provided</u>, <u>however</u>, that any such access shall be conducted at the Sellers' expense, during normal business hours, under the supervision of the Company's personnel and in such a manner as not unreasonably to interfere with the normal operations of the Company and shall be subject to any limitations resulting from any Public Health Measures. Each party shall authorize its accountants to disclose work papers generated by such accountants in connection with preparing and reviewing the calculations specified in this <u>Section 2.4</u>; <u>provided</u>, that such accountants shall not be obligated to make any work papers available except in accordance with such accountants' disclosure procedures and then only after the non-client party has signed an agreement relating to access to such work papers in form and substance acceptable to such accountants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Purchase Price shall be adjusted, upwards or downwards, as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) For the purposes of this Agreement, the "<u>Net Adjustment Amount</u>" means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this <u>Section 2.4 minus</u> the Estimated Net Working Capital, <u>minus</u> (B) the Closing Indebtedness as finally determined pursuant to this <u>Section 2.4 minus</u> the Estimated Indebtedness, <u>plus</u> (C) the Closing Cash as finally determined pursuant to this <u>Section 2.4</u> minus the Estimated Cash, <u>minus</u> (D) the Closing Transaction Expenses as finally determined pursuant to this <u>Section 2.4</u> minus the Estimated Transaction Expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) If the Net Adjustment Amount is positive (in which case the "<u>Net Adjustment Amount</u>" for purposes of this clause (ii) shall be deemed to be equal to the absolute value of such amount), the Purchase Price shall be adjusted upwards in an amount equal to the Net Adjustment Amount, up to a maximum amount equal to Five Hundred Thousand Dollars ($500,000) (the "<u>Adjustment Cap</u>"). In such event, (A) the Sellers and the Buyer shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to pay each of the Sellers their Pro Rata Portion of the Escrow Fund and (B) the Buyer shall pay the Net Adjustment Amount (not to exceed the Adjustment Cap) to the Sellers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) If the Net Adjustment Amount is negative (in which case the "<u>Net Adjustment Amount</u>" for purposes of this clause (iii) shall be deemed to be equal to the absolute value of such amount), the Purchase Price shall be adjusted downwards in an amount equal to the Net Adjustment Amount, up to a maximum amount equal to Five Hundred Thousand Dollars ($500,000). In such event, (A) the Sellers and the Buyer shall deliver joint written instructions to the Escrow Agent specifying the Net Adjustment Amount and instructing the Escrow Agent to pay the lesser of the Net Adjustment Amount and the Escrow Funds out of the Escrow Fund, to the Buyer in accordance with the terms of the Escrow Agreement and, (B) the Escrow Fund shall be the sole and exclusive source of recovery for any downward Purchase Price adjustment pursuant to this <u>Section 2.4(g)(iii)</u>, and neither the Sellers nor any of their Affiliates shall have any further liability or obligation with respect thereto, and the Buyer shall have no right to seek recovery from the Sellers or any of their Affiliates or to offset or withhold any amounts otherwise payable pursuant to this Agreement in respect 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;(h) All instructions to be delivered by the Buyer and the Sellers to the Escrow Agent pursuant to <u>Section 2.4(g)</u> shall be delivered within three Business Days after the date on which the Net Adjustment Amount is finally determined pursuant to this <u>Section 2.4</u>. Payments in respect of <u>Section 2.4(g)</u> shall be made within three Business Days of final determination of the Net Adjustment Amount pursuant to the provisions of this <u>Section 2.4</u> by wire transfer of immediately available funds to such account or accounts as may be designated in writing by the party entitled to such payment at least two Business Days (unless otherwise agreed by the Buyer and the Sellers) prior to such payment 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) For the avoidance of doubt, this <u>Section 2.4</u> is not intended to be used to permit the introduction of different judgments, accounting methodologies (including with respect to accruals and reserves), policies, principles, practices, procedures or classifications for purposes of calculating amounts referred to in this <u>Section 2.4</u>, or to adjust for any inconsistencies between the Annual Financial Statements or the Interim Financial Statements, on the one hand, and GAAP, on the other.

&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) Any payments made pursuant to <u>Section 2.4(g)</u> shall constitute an adjustment to the Purchase Price for Tax purposes and shall be treated and reported as such by the parties hereto on their respective Tax Returns unless otherwise required pursuant to a "determination" (as defined in Section 1313(a) of the Code).

Section 2.5 <u>Withholding</u>. The Buyer, the Company and the Escrow Agent (or any other applicable withholding agent) shall be entitled to deduct and withhold from any consideration otherwise payable or issuable hereunder or other payment made (or that otherwise would be made) pursuant to this Agreement such amounts as are required to be deducted or withheld (as reasonably determined by such applicable withholding agent) under the Code or any applicable Law. In the event Buyer determines that any such withholding is required, Buyer shall notify Sellers of such determination, specifying in reasonable detail the basis for such determination, at least ten (10) days prior to making any such withholding; and Sellers shall promptly review such notification within five (5) days after delivery of the notice, and if Sellers deliver comments or any objection to such withholding notification, Buyer shall reasonably consider in good faith such comments or objections made by Sellers in making its final determination regarding withholding. Buyer and Sellers shall use commercially reasonable efforts to cooperate to mitigate or eliminate any such withholding to the maximum extent permitted by Law. To the extent amounts are so withheld and remitted to the proper Governmental Authority, such amounts shall be treated for all purposes of this Agreement as having been paid to the Person in respect of which such deduction or withholding was made. If any withholding is required with respect to stock consideration, the Buyer may satisfy such withholding obligation by reducing the number of shares otherwise issuable to the Sellers by a number of shares having an aggregate value equal to the amount required to be withheld, based on, in respect of the shares of Parent Common Stock to be withheld, the lower of the Ten-Day VWAP (a) used to determine the issuance of such shares of Parent Common Stock to the Sellers pursuant to <u>Section 2.2</u> and (b) as of the Closing Date.

Section 2.6 <u>Excluded Assets</u>. The Buyer Parties acknowledge and agree that immediately prior to the Closing, the Company will transfer and convey to Mr. Boyd all of the Company's right, title and interest in and to that certain Ford F-250 (VIN # 1FT7W2BT9KEF75140).

**Article III**

**REPRESENTATIONS AND WARRANTIES OF THE SELLERS**

Except as set forth in the Disclosure Schedules to this Agreement (collectively, the "<u>Disclosure Schedules</u>") (it being understood that any disclosures made for the purpose of any one Disclosure Schedule shall be deemed made for the purpose of all representations and warranties so long as the applicability to the other representations and warranties is reasonably apparent on the face of such disclosure), the Sellers, jointly and severally, hereby represent and warrant to the Buyer as follows:

Section 3.1 <u>Organization and Capacity</u>. Onium is a limited liability company duly formed, validly existing and in good standing under the Laws of Georgia and has all necessary limited liability company power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted. Mr. Boyd is an individual of legal age and has full legal capacity to own, lease, and operate his properties and assets and to carry on his businesses as they are currently being conducted.

Section 3.2 <u>Authority</u>. Onium has the limited liability company power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which it will be a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. Mr. Boyd has full legal capacity and authority to execute and deliver this Agreement and each of the other Transaction Documents to which he will be a party, to perform his obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by the Sellers of this Agreement and each of the other Transaction Documents to which they will be party and the consummation by the Sellers of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary action, and no other action on the part of the Sellers is necessary to authorize the execution, delivery or performance by the Sellers of or under this Agreement or any of the other Transaction Documents or the consummation by the Sellers of the transactions contemplated hereby or thereby. This Agreement has been, and upon execution of each of the other Transaction Documents to which the Sellers will be a party, will have been duly executed and delivered by the Sellers and, assuming due execution and delivery by each of the other parties hereto and thereto, this Agreement constitutes, and upon execution of each of the other Transaction Documents to which the Sellers will be a party will constitute, the legal, valid and binding obligation of the Sellers, enforceable against the Sellers in accordance with its terms, subject to the Enforceability Exceptions.

Section 3.3 <u>No Conflict; Required Filings and Consents.</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) The execution, delivery and performance by the Sellers of this Agreement and each of the other Transaction Documents to which the Sellers will be party, and the consummation of the transactions contemplated hereby and thereby do not and will 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;&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) conflict with, violate or constitute or result in a breach or default under (in each case, with or without notice of lapse of time, or both) the Organizational Documents of Onium;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) conflict with or violate any Law or Permit applicable to either of the Sellers or by which any property or asset of either of the Sellers is bound or affected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) conflict with, violate, result in any breach of, constitute a default (or an event that, with notice or lapse of time or both, would become a default) under, give rise to any right of termination, modification, cancellation or acceleration with respect to, result in the payment of any additional fee or penalty under, require any consent of or notice to any Person pursuant to, or result in an Encumbrance (other than a Permitted Encumbrance) on any property pursuant to, any contract or agreement to which either of the Sellers is a party or by which its properties, assets or rights is bound or affected; except, in the case of clause (ii) or (iii), for any such conflicts, violations, breaches, defaults or other occurrences that would not have, or would not reasonably be expected to have, individually or in the aggregate, a Seller Material Adverse Effect or that arise solely as a result of any facts or circumstances relating to the participation of the Buyer Parties or any of their respective Affiliates (as opposed to any third party) in 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;(b) The Sellers are not required to file, seek or obtain any notice, authorization, approval, order, permit or consent of or with any Governmental Authority in connection with the execution, delivery and performance by the Sellers of this Agreement or each of the other Transaction Documents to which the Sellers will be party or the consummation of the transactions contemplated hereby or thereby, except (i) for such filings as may be required by any applicable federal or state securities or "blue sky" Laws or (ii) as may be necessary solely as a result of any facts or circumstances relating to the participation of the Buyer Parties or any of their respective Affiliates (as opposed to any third party) in the transactions contemplated by this Agreement.

Section 3.5 <u>Brokers</u>. No broker, finder, or investment banker is entitled to any brokerage, finder's or other fee or commission or the reimbursement of expenses in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of the Sellers.

Section 3.6 <u>Litigation; Orders</u>. There is no pending Action and no Person has threatened to commence any Action against either of the Sellers or any of their Affiliates that challenges, or that would have the effect of preventing, delaying, making illegal or otherwise interfering with, any of the transactions contemplated by this Agreement. There is no order, judgment or decree of any Governmental Authority applicable to either of the Sellers or any of their Affiliates that, individually or in the aggregate, would reasonably be expected to have a Seller Material Adverse Effect. The Sellers have not made any assignment for the benefit of creditors. Neither of the Sellers is a "foreign person" within the meaning of Section 1445(f)(3) of the Code.

Section 3.7 <u>Investment Intent</u>. The Sellers are acquiring the Parent Common Stock for their own account for investment purposes only and not with a view to any distribution thereof or with any intention of selling, distributing or otherwise disposing of the Parent Common Stock in a manner that would violate the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Sellers agree that the Parent Common Stock may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act and any applicable state securities Laws, except pursuant to an exemption from such registration under the Securities Act and such Laws. Each Seller acknowledges that the Parent Common Stock will be issued as "restricted securities" under the Securities Act, will bear appropriate restrictive legends, and will be subject to transfer restrictions as set forth in this Agreement and the Registration Rights Agreement. The Sellers are able to bear the economic risk of holding the Parent Common Stock for an indefinite period (including total loss of its investment) and have sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment. Each Seller is an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act.

Section 3.8 <u>Sellers' Investigation and Reliance</u>. The Sellers are each a sophisticated party and have made their own independent investigation, review and analysis regarding the Buyer Parties and the transactions contemplated hereby, which investigation, review and analysis were conducted by the Sellers together with expert advisors, including legal counsel, that it has engaged for such purpose. None of the Buyer Parties or any of their respective Affiliates or Representatives has made any representation or warranty, express or implied, as to the accuracy or completeness of any information concerning a Buyer Party contained herein or made available in connection with the Sellers' investigation of a Buyer Party, except as expressly set forth in this Agreement or the other Transaction Documents, and the Buyer Parties and their respective Affiliates and Representatives expressly disclaim any and all liability that may be based on such information or errors therein or omissions therefrom. The Sellers have not relied and are not relying on any statement, representation or warranty, oral or written, express or implied, made by the Buyer Parties or any of their respective Affiliates or Representatives, except as expressly set forth in this Agreement or the other Transaction Documents. Each Seller acknowledges that it has had access to the Buyer's public filings with the SEC and the opportunity to ask questions of, and receive answers from, Representatives of the Buyer concerning the terms of the transactions contemplated hereby and the issuance of the Parent Common Stock. The Sellers acknowledge that, should the Closing occur, the Sellers shall acquire the Parent Common Stock on an "as is" and "where is" basis, except as otherwise expressly set forth in <u>Article V.</u> The Sellers acknowledge and agree that the representations and warranties in <u>Article V</u> are the result of arms' length negotiations between sophisticated parties.

Section 3.9 <u>Exclusivity of Representations and Warranties</u>. Neither of the Sellers nor any of their Affiliates or Representatives is making any representation or warranty on behalf of the Sellers of any kind or nature whatsoever, oral or written, express or implied, except as expressly set forth in this <u>Article III</u> or any other Transaction Document and the Sellers hereby disclaim any such other representations or warranties.

Section 3.10 <u>No General Solicitation</u>. The Sellers acknowledge and agree that the offer and sale of the Parent Common Stock pursuant to this Agreement was made in a privately negotiated transaction and did not involve any form of general solicitation or general advertising within the meaning of the Securities Act.

**Article IV**

**REPRESENTATIONS AND WARRANTIES OF THE COMPANY**

Except as set forth in the Disclosure Schedules (it being understood that any disclosures made for the purpose of any one Disclosure Schedule shall be deemed made for the purpose of all representations and warranties so long as the applicability to the other representations and warranties is reasonably apparent on the face of such disclosure), the Company hereby represents and warrants to the Buyer as follows:

Section 4.1 <u>Organization and Qualification.</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) The Company is (i) duly formed, validly existing and in good standing under the Laws of Delaware and has all necessary limited liability company power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted and (ii) duly qualified as a foreign limited liability company to do business, and is in good standing, in each jurisdiction where the character of the properties owned, leased or operated by it or the nature of its business makes such qualification necessary, except, in each case, for any such failures that would not have, or would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or Seller 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;(b) Prior to the date hereof, the Company has made available to the Buyer true and correct copies of the Organizational Documents of the Company. All Organizational Documents for the Company are in full force and effect, and the Company is not in default (with or without notice or the lapse of time, or both) under, or in breach or violation of, any provision of such Organizational 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;(c) No formal written request has been made, and no order has been made or petition presented, for or in connection with the annulment or the dissolution of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Since the Lookback Date, the Company has not received notice in writing from a Governmental Authority or any other Person asserting that any of the records, minute books and other files and records (whether physical or digital) of the Company (collectively, the <u>"Books and Records</u>") are not maintained in accordance with sound business practices and requirements of applicable Law, are incorrect or require rectification. At the Closing, all of the Books and Records will be in the possession of the Company. All filings, publications, registrations, and other formalities required by applicable Law to be delivered or made by the Company to the relevant company registries have been correctly prepared and duly delivered or made except where the failure to do so would not be material to the Company.

Section 4.2 <u>Authority</u>. The Company has the limited liability company power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which it will be a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by the Company of or under this Agreement and each of the other Transaction Documents to which it will be a party and the consummation by the Company of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary limited liability company action, and no other corporate action on the part of the Company is necessary to authorize the execution, delivery or performance by the Company of or under this Agreement or any of the other Transaction Documents or the consummation by the Company of the transactions contemplated hereby or thereby. This Agreement has been, and upon execution of each of the other Transaction Documents to which it will be a party, will have been duly executed and delivered by the Company and, assuming due execution and delivery by each of the other parties hereto and thereto, this Agreement constitutes, and upon execution of each of the other Transaction Documents to which the Buyer will be a party, will constitute the legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, subject to the Enforceability Exceptions.

Section 4.3 <u>No Subsidiaries</u>. The Company does not have, and has never had, any Subsidiaries.

Section 4.4 <u>No Conflict; Required Filings and Consents.</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) Except as set forth in <u>Schedule 4.4(a)</u> of the Disclosure Schedules, the execution, delivery and performance by the Company of this Agreement and each of the other Transaction Documents to which the Company will be a party, and the consummation of the transactions contemplated hereby and thereby do not and will 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;&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) conflict with, violate or constitute or result in a breach or default under (in each case, with or without notice of lapse of time, or both) the Organizational Documents of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) conflict with or violate any Law or Permit applicable to the Company or by which any property or asset of the Company is bound or affected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) conflict with, violate, result in any breach of, constitute a default (or an event that, with notice or lapse of time or both, would become a default) under, give rise to any right of termination, modification, cancellation or acceleration with respect to, result in the payment of any additional fee or penalty under, require any consent of or notice to any Person pursuant to, or result in an Encumbrance (other than a Permitted Encumbrance) on any property pursuant to, any contract or agreement to which the Company is a party or by which any of its respective properties, assets or rights is bound or affected; except, in the case of clause (iii), for any such conflicts, violations, breaches, defaults or other occurrences that would not have, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or Seller Material Adverse Effect, or that arise as a result of any facts or circumstances relating to the participation of the Buyer Parties or any of their respective Affiliates (as opposed to any third party) in 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;(b) Except as set forth in <u>Schedule 4.4(b)</u> of the Disclosure Schedules, the Company is not required to file, seek or obtain any notice, authorization, approval, order, permit or consent of or with any Governmental Authority in connection with the execution, delivery and performance by the Company of this Agreement or each of the other Transaction Documents to which the Company will be a party or the consummation of the transactions contemplated hereby or thereby, except (i) for such filings as may be required by any applicable federal or state securities or "blue sky" Laws, or (ii) as may be necessary solely as a result of any facts or circumstances relating to the participation of the Buyer Parties or any of their respective Affiliates (as opposed to any third party) in the transactions contemplated by this Agreement.

Section 4.5 <u>Capitalization</u> . The Company's authorized, issued and outstanding Equity Interests are as set forth in <u>Schedule 4.5</u> of the Disclosure Schedules. All of the Company's issued and outstanding Equity Interests are validly issued and have not been issued in violation of any preemptive or similar rights. There are no outstanding options, warrants, convertible securities, subscriptions, call rights, redemption rights, repurchase rights, stock appreciation rights, profit interests or other similar rights, agreements, arrangements or commitments of any kind relating to the Equity Interests of the Company or obligating the Company to issue or sell any Equity Interests of the Company. There are no outstanding contractual obligations of the Company to repurchase, redeem or otherwise acquire any Equity Interests of the Company or to provide funds to, or make any investment in, any other Person. There are no outstanding or authorized stock appreciation rights, phantom stock, performance-based rights or profit participation or similar rights or obligations of the Company. There are no agreements or understandings in effect with respect to the voting, sale or transfer of any of the Equity Interests of the Company.

Section 4.6 <u>Equity Interests</u>. The Company does not directly or indirectly own any Equity Interest in, or any interest convertible into, exercisable for the purchase of or exchangeable for any Equity Interest in any Person.

Section 4.7 <u>Sufficient Assets</u>. The assets (including Intellectual Property) owned by the Company constitute all of the assets necessary to conduct the business of the Company as currently conducted. Immediately following the Closing, the Company will own all such assets without any requirement to obtain any additional assets, services, or rights from the Sellers or any of their Affiliates, except as expressly set forth on <u>Schedule 4.7</u> of the Disclosure Schedules. Without limiting the foregoing and except as set forth on <u>Schedule 4.7</u> of the Disclosure Schedules, the Company does not rely on any asset, service, or right owned, provided, or controlled by the Sellers or any of their Affiliates (other than the Company) to conduct the business of the Company as currently conducted.

Section 4.8 <u>Financial Statements; No Undisclosed 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) True, correct and complete copies of (i) the audited balance sheets of the Company as at December 31, 2024 and December 31, 2025 (the "<u>Balance Sheet Date</u>"), and the related statements of operations and cash flows of the Company (collectively, the "<u>Annual Financial Statements</u>") and (ii) the unaudited balance sheet of the Company as at January 31, 2026, and the related statements of operations of the Company (collectively referred to as the "<u>Interim Financial Statements</u>" and, together with the Annual Financial Statements, the "<u>Financial Statements</u>"), have been provided to the Buyer. Each of the Annual Financial Statements and the Interim Financial Statements fairly presents, in all material respects, the financial position and results of operations of the Company as at the respective dates thereof and for the respective periods indicated therein. The Financial Statements have been prepared in accordance with GAAP in all material respects, applied on a consistent basis throughout the periods indicated (except, in the case of the Interim Financial Statements, for the absence of notes and subject to normal and recurring year-end adjustments, none of which are, individually or in the aggregate, material). Notwithstanding the foregoing, the Financial Statements reflect the accounting principles, practices, methodologies, policies, procedures, classifications, judgments and estimation techniques set forth on <u>Schedule 4.8(a)</u> of the Disclosure Schedules (collectively, the "<u>Accounting Principles</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) There are no liabilities of the Company other than any such liabilities (i) adequately reflected or reserved for on the Interim Financial Statements, the Annual Financial Statements or the notes thereto, (ii) incurred since the Balance Sheet Date in the ordinary course of business of the Company (none of which is a liability resulting from breach of contract, warranty, tort infringement or misappropriation), (iii) disclosed on <u>Schedule 4.8(b)</u> of the Disclosure Schedules, or (iv) that would not reasonably be expected to be material to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company has established and maintains systems of internal controls that provide reasonable assurance that, except as would not, individually or in the aggregate, reasonably be expected to be material to the Company, taken as a whole (i) transactions are recorded as necessary to permit preparation of proper and accurate financial information in conformity with the Accounting Principles, (ii) receipts and expenditures are executed, in all material respects, in accordance with the authorization of management, (iii) records are maintained in reasonable detail and accurately and fairly reflect, in all material respects, the transactions and dispositions of the assets of the Company and (iv) unauthorized acquisition, use or disposition of the assets of the Company are prevented and timely detected. To the Knowledge of the Company, the Company's accountants and representatives have not received any unresolved material written complaint, allegation or assertion of a problem or claim regarding the accounting or auditing practices, procedures, methodologies or methods of the Company or the Company's accounting controls. There are no material weaknesses or significant deficiencies in the design or operations of the internal financial controls utilized by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All accounts receivable of the Company shown on the Interim Financial Statements, (i) arose from sales actually made or services actually performed in the ordinary course of business, (ii) are valid receivables net of reserves shown thereon and (iii) are not subject to any valid setoffs or counterclaims or other defenses other than normal cash discounts accrued in the ordinary course of business consistent with past practice. There are no (and have not been since the Lookback Date) material pending or threatened claims with any customers of the Company regarding any accounts receivables. There are no Encumbrances (other than Permitted Encumbrances) on such receivables or any part thereof and no agreement for deduction, free goods or services, discount or other deferred price or quantity adjustment has been made with respect to any such receivables by the Company other than normal cash discounts accrued in the ordinary course of business consistent with past practice and that would be material to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All accounts payable and notes payable of the Company, whether shown on the Interim Financial Statements or accrued thereafter, are the result of bona fide transactions in the ordinary course of 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;(f) The Company is not a party to and has no commitment to become a party to, any "off balance sheet arrangement" that would be required to be disclosed under Item 303(a) of Regulation S-K as promulgated by the SEC if the Company were subject to those provisions.

Section 4.9 <u>Absence of Certain Changes or Events</u>. Since the Balance Sheet Date, except as set forth on <u>Schedule 4.9</u> of the Disclosure Schedules, the Company has conducted its business only in the ordinary course of business and the Company has 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;(a) suffered 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;(b) suffered any incident of damage, destruction or loss of any tangible assets owned by any of the Company or used in the operation of the business of the Company, whether or not covered by insurance, having, individually or in the aggregate, a replacement cost or fair market value in excess of $50,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) taken any of the following actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) amend its Organizational 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;&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) (1) split, combine or reclassify, subdivide or redeem, purchase or otherwise acquire, directly or indirectly, any of its Equity Interests or (2) declare, set aside, make or pay any non-cash dividend or other non-cash distribution, payable in stock or property, with respect to any of its Equity Interests (other than any such dividends and other distributions paid or payable solely to the Company);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) issue, sell, pledge, dispose of, grant, transfer, encumber, or authorize the issuance, sale, pledge, disposition, grant, transfer or encumbrance of, any Equity Interests of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) acquire any corporation, partnership, limited liability company, other business organization or division thereof or any assets or capital stock other than in the ordinary course of business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) adopt a plan of complete or partial liquidation, dissolution, merger, restructure, consolidation, reorganization or recapitalization of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) make any loans, advances or capital contributions to or investments in any Person (other than the Company);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) incur any Indebtedness for borrowed money or guarantee Indebtedness of another Person, or issue or sell any debt securities or warrants or other rights to acquire any debt security of the Company (other than immaterial trade payables incurred in the ordinary course of business);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) make or authorize capital expenditures other than those that are both (1) in the ordinary course of business and (2) do not exceed $50,000 individually or 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;&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) compromise, waive, forgive, settle or agree to settle any Action (including any Action relating to this Agreement or the transactions contemplated hereby), or consent to the same, or any commitment, obligation or 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) transfer, sell, lease, license, mortgage, pledge, surrender, encumber, divest, cancel, abandon or allow to lapse or expire or otherwise dispose of any material assets or businesses of the Company other than equipment, inventory, supplies and other immaterial assets that are obsolete or nonworking in the ordinary course of business and other than pursuant to contracts in effect prior to the date of this Agreement that have been made available to the Buyer 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) amend or modify or terminate any Material Contract (except for ordinary course renewals pursuant to the terms thereof) or enter into any contract that would qualify as a Material Contract if entered into 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) except to the extent required by applicable Law or any Company Plan in effect as of the date hereof and listed on <u>Schedule 4.12(a)</u> of the Disclosure Schedules, (1) increase (or commit to increase) the compensation or benefits (including severance) of any current or former employee, director, independent contractor, or other individual service provider of the Company with an annual target compensation, (2) amend, terminate, or adopt any Company Plan or Collective Bargaining Agreement or amend, terminate, or adopt any compensation or benefit plan that would be a Company Plan if in effect on the date hereof (other than any such adoption or amendment that does not materially increase the cost to the Company of maintaining the applicable compensation or benefit plan and that does not otherwise limit the ability of the Buyer Parties or the Company to amend or terminate such Company Plan), (3) hire or terminate (other than for "cause") the employment or engagement of any employee or independent contractor of the Company, (4) accelerate the vesting of, or the lapsing of restrictions with respect to, any compensation or benefits, including any equity or equity-based compensation, (5) grant or pay (or commit to grant or pay) any cash incentive or equity or equity-based awards, or amend or modify the terms of any outstanding equity or equity-based awards, (6) establish or fund (or provide any funding for) any rabbi trust or other funding arrangement, including in respect of any Company Plan, or (7) announce or implement any reduction in force, mass layoff, early retirement program, severance program, or effort concerning the group termination of 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;&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) enter into any contract with either of the Sellers or any Related Party of the Sellers or the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) implement or adopt any material change in its methods of accounting, except as may be appropriate to conform to changes in statutory or regulatory accounting rules or GAAP or regulatory requirements with respect 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;&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) enter into any new line of business (other than any line of business that is reasonably related to and a reasonably foreseeable immaterial extension of any line of business existing as of the date of this Agreement) or terminate any line of business existing as of 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) (1) make, revoke or modify any Tax election that would have a material effect on the Company; (2) enter into any closing agreement, Tax allocation agreement or Tax sharing agreement with respect to Taxes; (3) file any material amended Tax Return or any amendment or other modification to any material Tax Return; (4) file any Tax Return in a jurisdiction where the Company did not file a Tax Return of the same type in the immediately preceding Tax period; (5) settle or compromise any material Tax liability; (6) request or consent to any extension or waiver of the limitations period applicable to any Tax claim or assessment in respect of material Taxes (other than in the ordinary course of business or, in the case of a request, pursuant to customary extensions of the due date to file a Tax Return); (7) make any request for a private letter ruling, administrative relief, technical advice or other similar request with any Governmental Authority, in each case, principally in relation to a material amount of Taxes or a material Tax matter; (8) change any material accounting method for Tax purposes or (9) change the Tax residency or Tax entity classification of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed any material confidential information or Company Trade Secrets to any Person, other than to Persons that are subject to a confidentiality or non-disclosure covenant protecting against further disclosure thereof; 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;(e) entered into any legally binding agreement to do any of the foregoing or taken any action or made any omission that would result in any of the foregoing.

Section 4.10 <u>Compliance with Law; Permits; Anti-Corruption.</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) The Company is and, since the Lookback Date has been, in compliance with all Laws applicable to it, except as would not have, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect or a Seller Material Adverse Effect. The Company is not in receipt of any written complaint or other written communication from any Governmental Authority or any other Person alleging non-compliance with any applicable Laws that would be material to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Within the last five (5) years, neither the Company nor, to the Company's Knowledge, any of its officers, managers, directors, employees or agents acting on its behalf has directly or indirectly made, offered, authorized, or received any bribe, kickback, or other unlawful payment or thing of value to or from any Governmental Authority or other Person in violation of applicable Anti-Corruption Laws. The Company has not, within such period, taken any action that would reasonably be expected to result in a violation of applicable 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;(c) <u>Nuclear Matters</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) There are no, and since the Lookback Date, there have been no, actions pending or threatened in writing, against the Company or Mr. Boyd alleging that the Company or Mr. Boyd is in violation of, or asserting liability of the Company or Mr. Boyd under, any Nuclear Law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each of the Company and Mr. Boyd is, and has been since the Lookback Date, in compliance with applicable Nuclear Law. The Company does not hold, and is not required to hold, any license or permit from the NRC or any Agreement State authorizing possession, handling, storage, or transportation of Nuclear Materials and has not engaged in any activities that would require any such license or permit; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Except as set forth on <u>Schedule 4.10(c)</u> of the Disclosure Schedules, the Company does not, and has not since the Lookback Date, owned, possessed, handled, stored, transported, or had custody or control of any Nuclear Materials, and is not and has never been the shipper of record for any shipment of Nuclear Materials. All transportation of Nuclear Materials arranged by the Company is performed by third party carriers that are duly licensed and authorized under applicable Nuclear 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;(d) <u>Government 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Schedule 4.10(d)</u> of the Disclosure Schedules sets forth a true and complete list of all Government Contracts to which the Company is a party as of the date hereof (each, a "Current Government 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Current Government Contract was awarded in the ordinary course of business, is in full force and effect, and is a valid and binding obligation of the Company. The Company is not in default under any Current Government Contract in any material respect, and to the Company's Knowledge, no counterparty thereto is in default.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Company has complied (a) in all material respects with the terms of each Current Government Contract and (b) in all respects with applicable Laws governing the performance 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Except as set forth on <u>Schedule 4.4(b)</u> of the Disclosure Schedules, the consummation of the transactions contemplated by this Agreement does not (i) require the termination of any Current Government Contract under its terms or applicable Law, or (ii) constitute grounds for termination of any Current Government Contract by a Governmental Authority, in each case other than pursuant to a discretionary termination for convenience.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) Neither the Company nor, to the Company's Knowledge, any of its officers or managers has been suspended or debarred from doing business with any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) There are no claims, audits, or investigations pending or, to the Company's Knowledge, threatened in writing against the Company arising under any Current Government 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) All representations and certifications made by the Company in connection with any Current Government Contract were accurate when made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company is in possession of all permits, licenses, franchises, approvals, certificates, consents, waivers, concessions, exemptions, orders, registrations, notices or other authorizations of any Governmental Authority necessary for the Company to own, lease and operate its assets and properties and to carry on its business as currently conducted (the "<u>Permits</u>"), except where the failure to have, or the suspension or cancellation of, any of the Permits would not have, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Since the Lookback Date, except as would not have, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, the Company is in compliance with its obligations under, and the terms of, each Permit. Since the Lookback Date, no suspension, revocation, cancellation or adverse modification of any Permit has been effected or threatened in writing.

&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) The Company is, and since the Lookback Date has been, in compliance with all applicable Laws pertaining to anti-money laundering, including such Laws administered and enforced by the U.S. Department of State and the Department of Justice, and any similar Laws in any other jurisdiction in which the Company conducts business except where the failure to so comply would not have, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect (except for Anti-Corruption Laws, which is addressed in <u>Section 4.10(h)</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) The Company is, and always has been, in compliance in all material respects with International Trade Laws. Neither the Company nor any of its directors, officers, or employees, nor, to the Knowledge of the Company, any of their respective agents or Affiliates, is a Sanctioned Person. The Company has not made any voluntary disclosure to, received any notices, or been subject to any fines, penalties, or sanctions, from any Governmental Authority regarding violations of International Trade Laws, and to the Knowledge of the Company, there are no actions, conditions or circumstances that may give rise to any future claims by a Governmental Authority relating to violations of International Trade 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;(h) Since the Lookback Date, neither the Company nor any of its respective directors, officers, or, to the Knowledge of the Company, any of their respective employees, agents, Affiliates, or other Persons authorized to act on behalf of the Company, has, directly or indirectly, taken any act that would cause the Company to be in violation of Anti-Corruption Laws. Without limiting the generality of the foregoing, (i) the Company has not violated since the Lookback Date, and is not in violation of the U.S. Anti-Kickback Statute (42 U.S.C. Section 1320a-7(b)), the Federal False Claims Act (31 U.S.C. Sections 3729, et seq.), or any related or similar Law, and (ii) since the Lookback Date, there has been no use or authorization of money or anything of value relating to any unlawful payment or secret or unrecorded fund or any false or fictitious entries made in the books and records of the Company relating to the same.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Neither the Company nor, to the Knowledge of the Company, any of its respective directors, officers, employees, or any of their respective agents, Affiliates or other Persons authorized to act on behalf of the Company has since the Lookback Date, been the subject of any action, proceeding, litigation, claim, or, to the Knowledge of the Company, investigation, or have received any written notice or communication from any Governmental Authority, in each case, with regard to any actual, alleged, or suspected violation of applicable 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) The Company has not employed or retained, directly or indirectly, a Government Official or a family member of a Government Official, in each case, from whom the Company has sought to obtain or retain business. To the Knowledge of the Company, no Government Official has, directly or indirectly, the right of control over, or any beneficial interest in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) As further set forth on <u>Schedule 4.10(k)</u> of the Disclosure Schedules, the Company maintains, and has maintained since the Lookback Date, compliance policies, procedures and internal controls designed to ensure compliance with applicable Anti-Corruption Laws.

Section 4.11 <u>Litigation; Orders</u>. There is no, and since the Lookback Date there has been no, Action by or against the Company pending, or to the Knowledge of the Company, threatened. The Company is not subject to any order, ruling, judgment, injunction, decree or other Action of any Governmental Authority that would adversely affect the business of the Company in any material respect. There is no pending Action and, to the Knowledge of the Company, no Person has threatened to commence any Action against the Company that challenges, or that could have the effect of preventing, delaying, making illegal or otherwise interfering in any material respect with, any of the transactions contemplated by this Agreement.

Section 4.12 <u>Employee Benefit Plans.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Schedule 4.12(a)</u> of the Disclosure Schedules sets forth an accurate and complete list of (i) all employee benefit plans (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("<u>ERISA</u>"), whether or not subject to ERISA) and all bonus, stock option, stock purchase, restricted stock, equity-based, incentive, deferred compensation, retiree medical or life insurance, retirement, pension, severance, retention, change in control, employee loan, health and welfare, fringe benefit, vacation or other paid leave and other benefit contracts, agreements, plans, programs, policies, and (ii) all employment, consulting, independent contractor, termination, severance and other contracts, agreements, plans, programs, policies, and arrangements, in any case of (i) or (ii), whether or not written, maintained, sponsored by or contributed to, or required to be contributed to, by the Company for the benefit of any current or former employee, officer, director, independent contractor or other individual service provider of the Company or under which the Company has any liability, contingent or otherwise (each, a "<u>Company Plan</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) The Company has furnished or made available to the Buyer a current, true, and complete copy of each Company Plan, including all amendments and attachments thereto (or if unwritten, a written summary of the material terms thereof) and, to the extent applicable with respect to any Company Plan, (i) the most recent summary plan description and other equivalent written communications by the Company to eligible persons concerning the extent of the benefits provided thereunder, (ii) all related trust documents, (iii) all insurance contracts or other funding arrangements, (iv) the most recent determination, opinion, or advisory letter from the IRS, (v) the three (3) most recent (A) Form 5500s filed with the IRS and attached schedules, (B) audited financial statements, and (C) actuarial valuation reports, (vi) the results of non-discrimination testing for the three most recent plan years, and (vii) for the three (3) most recent years, all material non-routine correspondence to or from any Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) Each Company Plan has been established, administered and maintained in all material respects in accordance with its terms and the requirements of applicable Law, (ii) no non-exempt prohibited transaction, as described in Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any Company Plan, (iii) all contributions, distributions and premium payments required to be made under the terms of any Company Plan or applicable law have been timely made (or accrued in accordance with past practice and GAAP), (iv) the Company has performed all material obligations required to be performed by it under each Company Plan and, to the Knowledge of the Company, is not in any material respect in default under or in violation of any Company Plan, (v) there are no audits, inquiries or proceedings pending or, to the Knowledge of the Company, threatened by any Governmental Authority with respect to any Company Plan, and (vi) no Action (other than claims for benefits in the ordinary course) is pending or, to the Knowledge of the Company, threatened with respect to any Company Plan, any fiduciaries thereof with respect to their duties to a Company Plan, or the assets of any of the trusts under any Company Plan, by any Governmental Authority or by any plan participant or beneficiary. No Company Plan is subject to any law or applicable custom or rule of any jurisdiction outside of the United States. Each Company Plan can be amended, terminated or otherwise discontinued after the Closing Date in accordance with its terms, without liability to the Company or the Buyer Parties (other than the payment of ordinary administration expenses or termination fees or routine claims for benefits). The Company has not made any commitment (whether written or oral) to establish or enter into any new Company Plan or to modify the terms of any Company 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;(d) Each Company Plan that is intended to be qualified under Section 401(a) of the Code has received a determination, advisory, or opinion letter, as applicable from the IRS that it is so qualified (or the deadline for obtaining such a letter has not expired as of the date of this Agreement) or is a prototype or volume submitter plan entitled, under applicable IRS guidance, to rely on the favorable opinion or advisory letter issued to the sponsor of such prototype or volume submitter plan. No event has occurred, and no circumstance or condition exists, that could reasonably be expected to result in the disqualification of any such Company 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;(e) No Company Plan is, and the Company has not in the past six (6) years sponsored, maintained, contributed to, or been required to contribute to, or incurred any liability (contingent or otherwise) with respect to (i) a "multiemployer plan" (within the meaning of Section 3(37) or 4001(a)(3) of ERISA), (ii) an employee benefit plan subject to Title IV of ERISA or Section 302 of ERISA or Section 412 of the Code, (iii) a single employer plan (within the meaning of Section 4001(a)(15) of ERISA), (iv) a "multiple employer plan" (within the meaning of Section 413(c) of the Code), (v) a "funded welfare plan" (within the meaning of Section 419 of the Code), or (vi) a "multiple employer welfare arrangement" (within the meaning of Section 4(4) of ERISA). The Company is not now, and has not ever been, deemed a "single employer" within the meaning of Section 414(b), (c), (m) or (o) of the Code and has never incurred or reasonably be expected to become subject to liability as a result of being deemed a "single employer" within the meaning of Section 414(b), (c), (m) or (o) 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;(f) No Company Plan provides, and the Company has no obligation to provide, welfare benefits, including death or medical benefits (whether or not insured), with respect to any current or former employee, officer, director, independent contractor or other individual service provider of the Company beyond their termination of service, other than (i) coverage mandated by applicable Law at the sole expense of the participant or beneficiary or (ii) through the end of the calendar month in which his or her separation from service occurs. The Company has never maintained, established, sponsored, participated in or contributed to any self-insured plan that provides benefits to current or former employees (including any such plan pursuant to which a stop-loss policy or contract applies).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby (alone or in connection with any additional or subsequent events) or any termination of employment or service or other event, will result in the (i) entitlement of any current or former employee, officer, director, independent contractor or other individual service provider of the Company to any payment, compensation, or benefits (including severance), (ii) acceleration of the time of payment, funding, or vesting or the enhancement or increase of any compensation or benefit due to any current or former employee, officer, director, independent contractor or other individual service provider of the Company, (iii) payment or provision of any amount or benefit (including accelerated vesting) that will not be deductible by reason of Section 280G of the Code or that will be subject to an excise tax under Section 4999 of the Code, or (iv) limitation or restriction of the right of the Company (or, following the Closing Date, the Buyer Parties) to merge, amend, or terminate any Company 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;(h) The Company has no obligation to indemnify any individual for any Tax or other liabilities incurred with respect to Section 409A or 4999 of the Code or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Each Company Plan that constitutes a "nonqualified deferred compensation plan" (as defined under Section 409A(d)(1) of the Code) has been established and administered in operational and documentary compliance with Section 409A of the Code and all IRS guidance promulgated 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;(j) No Company Plan is a plan, program, practice, or contract that is sponsored by a professional employer organization or co-employer organization (each, a "<u>PEO</u>") under which an employee of the Company may be eligible to receive compensation and/or benefits in connection with the Company's engagement of a PEO.

Section 4.13 <u>Labor and Employment 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) <u>Schedule 4.13(a)(1)</u> of the Disclosure Schedules contains an accurate and complete list of all individuals who are employees of the Company as of the date hereof and sets forth for each such employee the following: (i) name; (ii) title or position; (iii) whether full time or part time; (iv) work location; (v) hire date; (vi) current annual base salary or hourly rate (or rates as applicable); (vii) commission, bonus or other incentive-based compensation; (viii) exempt or non-exempt status; (x) whether active or on leave (and, if on leave, the nature of the leave and the expected return date); and (xi) visa status, including visa type, sponsoring entity and expiration date. <u>Schedule 4.13(a)(2)</u> of the Disclosure Schedules contains a list of all individuals or single-member entities who are independent contractors or consultants of the Company as of the date hereof and sets forth for each such independent contractor or consultant the following: (i) name; (ii) work location; (iii) retention date; (iv) current compensation rate; and (v) anticipated date of termination of services, if known. No individual is employed or engaged through a staffing or leasing agency. To the Knowledge of the Company, no current employee of the Company (i) has any present intention to terminate his or her employment with the Company within the first twelve (12) months following the Closing Date or (ii) is a party to or bound by any confidentiality, non-competition, non-solicitation, proprietary rights or other agreement that would restrict in any material respect the performance of such employee's employment duties or the ability of the Company to conduct the Company's business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company is not party to any Collective Bargaining Agreement or any agreement serving a similar purpose with any other employee representative. To the Knowledge of the Company, there are no, and since the Lookback Date there have been no, organizing activities by any labor union, labor organization, or similar employee group targeting employees of the Company. There is no pending, and since the Lookback Date, there has been no actual, labor dispute, strike, controversy, work slowdown, work stoppage, labor grievance, labor arbitration, picketing, hand-billing, or lockout and, to the Knowledge of the Company, none are threatened against or affecting the Company. There are no pending or, to the Knowledge of the Company, threatened union grievances or union representation questions involving employees of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No unfair labor practice or labor charge or complaint is pending or, to the Knowledge of the Company, threatened with respect to the Company before the National Labor Relations Board, the Equal Employment Opportunity Commission, or any other labor relations tribunal or Governmental Authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is, and since the Lookback Date has been, in compliance in all material respects with all applicable Laws relating to labor and employment, including those relating to wages, hours, collective bargaining and labor relations, unemployment compensation, workers' compensation, employee leaves, equal employment opportunity, harassment, retaliation, occupational safety and health standards, terms and conditions of employment, employee trainings and notices, automated employment decision tools, whistleblowing, immigration and work authorization, employee and independent contractor classification, information privacy and security, government contracting and subcontracting, plant closures and layoffs, payment and withholding of Taxes, restrictive covenants, and continuation coverage with respect to group health plans. During the past three years, all employees classified as exempt under the Fair Labor Standards Act and state and local wage and hour Laws are properly classified. All compensation, including wages, commissions and bonuses, payable to employees or individual or single-member entity independent contractors or consultants of the Company for services performed on or prior to the date hereof, with the exception of base salary or hourly wages for the current pay period that are payable on the Company's next regular payroll date, have been paid in full.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Since the Lookback Date, (i) no allegations of sexual harassment, sexual misconduct, discrimination, retaliation or other misconduct allegations have been made, initiated, filed, or, to the Knowledge of the Company, threatened against any current or former employee or independent contractor of the Company in his or her capacity as such, (ii) to the Knowledge of the Company, no incident of any such sexual harassment, sexual misconduct, discrimination, retaliation, or other misconduct has occurred in the workplace, and (iii) the Company has not entered into any settlement agreement related to allegations of sexual harassment, sexual misconduct, discrimination, retaliation, or other misconduct by any of the individuals described in <u>clause (i)</u> hereof. The Company has not incurred, and, to the Knowledge of the Company, no circumstances exist under which the Company could reasonably be expected to incur, any material liability arising from any of the allegations described in <u>clause (i)</u> in the preceding sentence, and to the Knowledge of the Company, there is no potential for any such allegations described in <u>clause (i)</u> in the preceding sentence, that, if known to the public, would be reasonably likely to bring the Company into 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;(f) To the Knowledge of the Company, no current or former employee or independent contractor of the Company is in violation of any restrictive covenant or other obligation owed to the Company or any third party in connection with such Person's employment or engagement by the Company.

Section 4.14 <u>Insurance</u>. <u>Schedule 4.14</u> of the Disclosure Schedules sets forth a true and complete list of all insurance policies maintained by the Company, together with the carriers and liability limits, for each such policy (collectively, the "<u>Insurance Policies</u>"). Such Insurance Policies are in full force and effect, all premiums with respect thereto have been paid in full, and no written notice of cancellation or termination has been received by the Company with respect to any such Insurance Policy since the Lookback Date. The Company is not in material default with respect to any provision contained in any Insurance Policy. The Company has not received notice of, nor is there threatened, any cancellation, termination, reduction of coverage or material premium increases with respect to any Insurance Policy. All claims, litigation and circumstances that could reasonably lead to a claim that would be covered by any Insurance Policy have been properly reported to the applicable insurer. The Company has never been denied a claim under an Insurance Policy.

Section 4.15 <u>Real Property; Title to Property; Inventory.</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) The Company does not own, and has never owned, any Owned Real Property or any interest therein (including any fee, leasehold (but for avoidance of doubt, other than with respect to the Leased Real Property), easement, license or other real property interest). The Company is not a party to any agreement or option to purchase or otherwise acquire any real property or any interest therein. The Company does not have any outstanding obligations to pay any real property Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Since the Lookback Date, the Company has not received written notice that any Leased Real Property is subject to any decree of, or order by, a Governmental Authority to be sold or condemned, expropriated or otherwise taken by any Governmental Authority nor, to the Knowledge of the Company, is any such sale, condemnation, expropriation or taking being threatened with respect to any Leased Real 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;(c) Since the Lookback Date, no written notice has been received by the Company from any Governmental Authority concerning: (i) any material violation of any Laws with respect to any of the Leased Real Property; or (ii) any material defect or deficiency in any of the Leased Real Property, or any requirement to repair, alter or make improvements to any of the Leased Real Property, in each case that would be material to the Company; and which, in each case, has not been complied with or cured to the satisfaction of such Governmental Authority, or which remains outstanding and unresolved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company is in possession of the Leased Real Property, and the Company has not (i) leased, subleased, licensed or otherwise granted to any Person the right to use or occupy any Leased Real Property or any portion thereof or interest therein or (ii) granted any outstanding options, rights of first offer or rights of first refusal to purchase any such Leased Real Property or any portion thereof or interest therein in favor of any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All buildings, structures, facilities and improvements located on the Leased Real Property comply in all material respects with valid and current certificates of occupancy to the extent required by Law for the use thereof as currently conducted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Schedule 4.15(f)</u> of the Disclosure Schedules sets forth a true, correct, and complete list of the street address of each parcel of Leased Real Property and the identity of the lessor, lessee and current occupant (if different from lessee) of each such parcel of Leased Real Property. The Company has a valid leasehold estate in all Leased Real Property, free and clear of all Encumbrances, other than Permitted Encumbrances. Each lease or sublease governing Leased Real Property is in full force and effect, and there exists no default under any such lease by the Company or, to the Knowledge of the Company, any other party thereto, nor any event which, with notice or lapse of time or both, would constitute a default thereunder by the Company or, to the Knowledge of the Company, any other party thereto. Except as would not be material to the Company, the use and occupancy by the Company of any Leased Real Property does not violate any applicable Law (including any zoning, building, ordinance, code, government approval or otherwise).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Leased Real Property constitutes all of the real property that is used or held for use by the Company in the conduct of its business, as conducted. The Company has not entered into an agreement or is otherwise subject to an obligation to acquire or dispose of any Owned Real Property or Leased Real Property. The Company is not party to a pending litigation with respect to any Leased Real 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;(h) All buildings, structures, fixtures and other improvements located on the Leased Real Property for which the Company is responsible (and, to the Knowledge of the Company, on the rest of the Leased Real Property) (i) are in good operating condition and repair, are free of any material defect, ordinary wear and tear excepted (including any latent or patent structural, mechanical or other significant defect, soil condition or deficiency in the improvements) and (ii) are adequate in all material respects for the uses for their intended purposes in the ordinary course of business of the Company and other uses currently conducted at such 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;(i) Each portion of the Leased Real Property has adequate rights of way and access to public ways and all water, sewer, sanitary and storm drain facilities, community services and all public utilities necessary for the construction, use, occupancy, operation and maintenance for its intended purposes in the ordinary course of business and other uses as currently conducted at such portion of such property. The Company has not received any notice from any utility company or municipality of any fact or condition which could result in the discontinuation of presently available or otherwise necessary sewer, water, electric, gas, telephone or other utilities or services for the Leased Real Property that would be material to the Company. The Leased Real Property has access to public roads, streets or the like, or valid perpetual easements over private streets, roads, or other private property for such ingress to and egress from such 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;(j) No portion of the Leased Real Property is subject to an action for rescission, resolution, requisition, or expropriation or is subject to an administrative measure resulting in restriction of their occupation that would be material to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The Company owns, leases, licenses, or has the right to use all of its respective material tangible assets and properties, in each case, free and clear of all Encumbrances, except for Permitted Encumbrances.

&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) All items of inventory held, acquired or manufactured by the Company have been held, acquired and/or manufactured in the ordinary course of business. The inventory of the Company is in good and merchantable condition, valued at the lower of cost or market value, and generally suitable and consists of a quality and quantity usable or salable in the ordinary course of business for the purposes intended, except for obsolete, defective, or slow-moving items that have been written down or for which adequate reserves have been established in the Interim Financial Statements.

Section 4.16 <u>Intellectual Property; IT Assets; Data Privacy and Security.</u>

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Schedule 4.16(a)</u> of the Disclosure Schedules sets forth a true and complete list that (i) identifies all Registered Company Intellectual Property and all material unregistered Marks included in the Owned Intellectual Property and (ii) specifies, where applicable, the jurisdictions in which any Registered Company Intellectual Property has been registered or in which an application for such registration has been filed, including the respective registration or application numbers and the names of all owners of record title. All Registered Company Intellectual Property is currently in compliance with all formal legal requirements (including, as applicable, payment of filing, examination, annuity and maintenance fees, inventor declarations, proofs of working or use, timely post-registration filing of affidavits of use and incontestability, and renewal applications) in all material respects, and the Company has, in all material respects, taken all actions necessary, to obtain, perfect and maintain such Registered Company Intellectual Property in full force and effect. All Registered Company Intellectual Property and all other material Owned Intellectual Property is valid, subsisting and enforceable. No Registered Company Intellectual Property (i) has been or is now involved in any interference, reissue, re-examination, inter-partes review, post-grant review, cancellation or opposition proceeding or (ii) has been cancelled, invalidated, revoked, terminated, abandoned, allowed to lapse or not renewed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company (i) is the sole and exclusive owner of all rights, title and interests in and to all Owned Intellectual Property, free and clear of any Encumbrances (other than Permitted Encumbrances) and (ii) has valid and continuing rights (pursuant to valid and enforceable agreements) to use, sell, license and otherwise exploit, as the case may be, all other Company Intellectual Property as the same is used, sold, licensed and otherwise exploited by the Company in the business as currently conducted. The Company Intellectual Property comprises all of the Intellectual Property used in connection with the operation of the business of the Company as currently conducted, and there is no other Intellectual Property that is material to or necessary for the operation of the business of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Since the Lookback Date, no claim has been asserted or threatened that the use or exploitation by the Company of any Owned Intellectual Property or the Products in the operation of the business of the Company, infringes, misappropriates or otherwise violates (or since the Lookback Date, has infringed, misappropriated or violated) any Intellectual Property of any third party or that any Owned Intellectual Property is invalid or unenforceable. The operation of the business of the Company, as currently conducted, and the Products and Owned Intellectual Property do not infringe, misappropriate or violate (and have not in the past infringed, misappropriated or violated) any Intellectual Property of any third party. To the Knowledge of the Company, no third party is conflicting with, infringing, misappropriating or violating any Owned Intellectual Property. Since the Lookback Date, the Company has not asserted or threatened any claim against any third party alleging infringement, misappropriation, or violation of any Owned Intellectual Property. There are no settlements, covenants not to sue, consents, judgments, or orders or similar obligations that: (i) materially restrict the rights of the Company to use any Intellectual Property in any manner, (ii) materially restrict the business of the Company in order to accommodate any third party's Intellectual Property, or (iii) permit third parties to use any Owned Intellectual 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;(d) The Company has taken commercially reasonable steps to maintain the secrecy and confidentiality of all trade secrets and material know-how owned by the Company (collectively, the "<u>Company Trade Secrets</u>"), including taking reasonable steps to safeguard any such information that is accessible through computer systems or networks. Such commercially reasonable steps include, except as would not otherwise be material to the Company, requiring each employee, consultant and any other Person with access to the Company Trade Secrets to execute a binding confidentiality agreement as further set forth on <u>Schedule 4.16(d)</u> of the Disclosure Schedules. No such Company Trade Secret has been authorized by the Company to be disclosed (or, to the Knowledge of the Company, has been disclosed) to any Person other than (i) pursuant to a written contract adequately restricting the disclosure and use of such Company Trade Secret or (ii) to a Person who otherwise has a duty to protect such Company Trade Secret. To the Knowledge of the Company, there has not been any breach by any party to such confidentiality 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) Each Person who is or was involved in the creation or development of any portion of, or would otherwise have rights in or to, any material Owned Intellectual Property has executed a valid and enforceable written agreement with the Company that assigns to the Company all rights, title and interest in and to any and all such Intellectual Property ("<u>IP Assignment Agreement</u>"). Except as would not have, or would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and other than rights provided under Laws relating to remuneration of inventors, (i) no current or former shareholder, officer, director, or employee of the Company has any claim, right (whether or not currently exercisable) or ownership interest in any Owned Intellectual Property, and (ii) all agreements between such shareholder, officer, director, employee, a third party, or other assignor and the Company assigning to the Company any right, title or interest in any Patents included in the material Registered Company Intellectual Property have been recorded as required in each applicable jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) No material source code included in the Owned Intellectual Property has been delivered, licensed or made available to any escrow agent or other Person who is or at the time of such delivery, licensing or availability, was not an employee of the Company, and the Company has no duty or obligation (whether present, contingent, or otherwise) to deliver, license, or make available such source code to any escrow agent or other Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Except as set forth on <u>Schedule 4.16(g)</u> of the Disclosure Schedules, the Company has not: (i) incorporated Open Source Software into, or combined or linked Open Source Software with, the Company Intellectual Property; (ii) distributed Open Source Software in conjunction with any Products; or (iii) used Open Source Software to develop, distribute or provide the Products, in each case of (i) through (iii), in a manner which would result, and would reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect, including any use of Open Source Software that, with respect to the foregoing clause (i), (ii) or (iii) that requires, as a condition of use, modification and/or distribution of such Open Source Software that other Software incorporated into, derived from or distributed with such Open Source Software be (1) disclosed or distributed in source code form, (2) licensed for the purpose of making derivative works, or (3) redistributable at no charge. The Company is in compliance, in all material respects, with the terms and conditions of all licenses for Open Source 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;(h) No government, university, college, other educational institution or research center has any ownership or exclusive rights in any material Owned Intellectual 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;(i) To the Knowledge of the Company, neither the Products nor the Systems contain any "virus", "worm", "time bomb", "key-lock", "back door", "drop dead device", "Trojan horse", "spyware", or "adware" or any other code designed or intended to have any of the following functions: (i) disrupting, disabling, harming, or otherwise impeding in any manner the operation of, or providing unauthorized access to, a computer system or network or other device on which such code is stored or installed, or (ii) compromising the privacy or data security of a user or damaging or destroying any data or file without the user's consent (collectively, "<u>Malicious Code</u>"). The Company implements industry standard measures designed to prevent the introduction of Malicious Code into Products and 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;(j) As of immediately following the Closing, the Company will own or have the same rights in and to all material Company Intellectual Property that the Company had immediately prior to the Closing, free and clear of all Encumbrances without the payment of any additional amounts or consideration other than ongoing fees, royalties or payments which the Company would otherwise have been required to pay absent the transactions contemplated hereunder. The transactions contemplated by this Agreement do not and will not conflict with, result in the forfeiture of, impair or result in a breach of or default under, or payment of any additional amount with respect to, or require the consent of any other Person in respect of, the right to own or use any material Company Intellectual 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;(k) In connection with its collection, storage, Processing, dissemination, transfer (including, without limitation, any transfer across national borders) and/or use of any Personal Data, the Company is and since the Lookback Date, has at all times complied in all material respects with (i) all Privacy Laws; (ii) privacy policies applicable to the Company; and (iii) the requirements of any contract to which the Company is a party, including any applicable terms of use (collectively, the "<u>Data Protection Requirements</u>"). The execution, delivery, and performance of this Agreement and the Transaction Documents and the transactions contemplated hereby and thereby do not and will not conflict with or result in a material violation or breach of any Data Protection Requirements or to the Knowledge of the Company otherwise prohibit or limit the transfer of Personal Data to the Buyer.

&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) The Systems (i) operate and perform in all material respects in accordance with their respective documentation and functional specifications and otherwise as required by the Company and have not materially malfunctioned or failed since the Lookback Date, and (ii) are adequate and sufficient for the operations of the Company. The Company has implemented commercially reasonable data backup, data storage, system redundancy and disaster recovery procedures, as well as a commercially reasonable business continuity 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;(m) Since the Lookback Date, the Company has not (i) experienced a material Security Incident; (ii) been required pursuant to any Privacy Laws to notify customers, consumers, employees, Governmental Authority, or any other Person of any Security Incident; (iii) been the subject of any Action or any inquiry or investigation of any Governmental Authority with respect to compliance with any Privacy Law, or (iv) received any written notice, request, claim, complaint, correspondence or other communication from any Governmental Authority relating to any Security Incident or violation of any Privacy 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;(n) The Company is in compliance in all material respects with all Laws applicable to the Company's development, use and implementation of AI Technology and industry standards for the ethical and responsible use of AI Technology applicable to the Company, including oversight of employees and contractors' use of AI Inputs and development and implementation of AI Technology. The Company has not received any written notice, complaint, claim, proceeding, litigation, inquiry, audit, investigation, or other action by any Governmental Authority or other Person concerning any Company's development or implementation of AI Technology; and, to the Knowledge of the Company, there are no facts or circumstances that could reasonably be expected to give rise to any of the foregoing.

Section 4.17 <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;(a) All Tax Returns required to have been filed by or with respect to the Company subsequent to (and including) the date that is four years prior to the date hereof have been timely and properly filed (taking into account any extension of time to file granted or obtained), and all such Tax Returns are true, accurate and complete in all material respects. All Taxes due and payable (whether or not shown as due on any Tax Return) have been timely and properly 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;(b) No deficiency for any Tax has been asserted or assessed by a Governmental Authority in writing against the Company that has not been satisfied by payment, settled or withdrawn.

&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) There are no Tax liens on the assets of the Company (other than Permitted Encumbrances).

&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) All Taxes that the Company is obligated to withhold from amounts paid or owing to any employee, former employee, independent contractor, creditor, equity holder or other Person have been withheld in compliance with applicable Law, and the Company has complied in all material respects with all related material reporting and recordkeeping requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) There are no Actions with respect to Tax pending or threatened in writing against or with respect to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Other than automatic extensions of time to file a Tax Return obtained in the ordinary course of business, the Company has not waived any statute of limitations in respect of, or extended the period for the assessment or collection of, any Taxes which waiver or extension is still 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;(g) With respect to the period subsequent to (and including) the date that is four (4) years prior to the date hereof, the Company (i) is not and has not been a member of any Affiliated Group filing a consolidated, combined, unitary or similar Tax Return (other than a group the common parent of which is or was the Company) and (ii) has no liability for a material amount of Taxes of any Person (other than Taxes of the Company) under Treasury Regulations Section 1.1502-6 (or any similar provision of state, local or non-U.S. Law), as a transferee or successor, by contract, or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) With respect to the period subsequent to (and including) the date that is four years prior to the date hereof, the Company is not party to, or bound by, any Tax sharing, Tax indemnification, Tax allocation or similar agreement or arrangement, other than pursuant to any customary provision in a commercial agreement that was entered into in the ordinary course of business and the principal subject of which is not related to Taxes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except for any Cash-to-Accrual Taxes, the Company will not be required to include any item of income in, or exclude any item of deduction from, taxable income for, or pay any material Taxes in, any taxable period (or portion thereof) beginning after the Closing Date as a result of any (i) change in or improper use of any method of accounting for a Pre-Closing Tax Period, (ii) installment sale or open transaction disposition made, prepaid amount received or deferred revenue accrued, by the Company on or prior to the Closing Date, (iii) intercompany transaction or excess loss account described in the Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of state, local or non-U.S. Law), (iv) transaction or election occurring on or prior to the Closing Date, or as a result of any recapture of any Tax loss or credit (including a dual consolidated loss) utilized in a Pre-Closing Tax Period, (v) election made under 965(h) of the Code, or (vi) closing agreement within the meaning of Section 7121 of the Code (or any similar provision of state, local or non-U.S. 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) No private letter rulings, technical advice memorandum or similar ruling has been issued by, and no request for a private letter ruling, administrative relief, technical advice or a change of any method of accounting, or any other request, is pending with any Governmental Authority with respect to the Company that would have an effect on the Company for any Tax period beginning after 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;(k) The Company is not subject to Tax in any country other than its country of incorporation, organization or formation by virtue of having employees, a permanent establishment (within the meaning of an applicable Tax treaty) or an office or fixed place of business in that country or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) The Company has not received a written claim from any Governmental Authority in a jurisdiction where the Company does not file a particular type of Tax Return or pay a particular type of Tax stating that the Company is or may be subject to taxation by, or required to file any such Tax Return in, that jurisdiction that has not been paid in full, settled or otherwise 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;(m) The Company has not been, in the last two years, a "controlled corporation" or a "distributing corporation" in a transaction that was purported or intended to be governed in whole or in part by Section 355 or 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;(n) The Company is not and has not been, a party to or otherwise participated in any "listed transaction" (as defined in Section 6707A(c)(2) of the Code or any similar provision of state, local or non-U.S. 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;(o) The Company has no liability in respect of any unclaimed property or escheat. The Company is in substantial compliance with applicable Law pertaining to escheat and 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;(p) The Company (i) is not a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code and has not been classified as such during the applicable period specified in Section 897(c)(l)(A)(ii) of the Code; and (ii) has not made an election pursuant to Section 897(i) of the Code to be treated as a domestic corporation.

&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) The Company has not (i) entered into a gain recognition agreement pursuant to Treasury Regulations Section 1.367(a)-8 or (ii) transferred any intangible assets, the transfer of which would be subject to the rules of Section 367(d) 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;(r) The Company has complied in all material respects with all applicable transfer pricing requirements under 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;(s) At all times since its formation, the Company was validly treated for federal income Tax purposes and applicable state and local income tax purposes as an "S corporation" within the meaning of Sections 1361 and 1362 of the Code and was validly treated in a similar manner for purposes of the income Tax laws of all states and localities in which it has been subject to taxation. From the incorporation of the Company, no Person has taken or failed to take any action that would cause or otherwise result in the termination of the status of the Company as an "S corporation" within the meaning of Sections 1361 and 1362 of the Code during such period. The Company owns no assets the disposition of which could give rise to Tax under Section 1374 of the Code. The Company is not and never has been subject to Tax under Section 1375 of the Code. No Governmental Authority has ever challenged or threatened in writing, or to the Knowledge of the Company, threatened orally, to challenge the status of the Company as an S corporation for Tax purposes.

Section 4.18 <u>Environmental 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) The Company has obtained all Environmental Permits required under Environmental Laws for its operations as currently conducted and, where applicable, has applied in a timely manner for renewal of such Environmental Permits in accordance with their terms, and each such permit is disclosed in <u>Schedule 4.18(a)</u> of the Disclosure Schedules.

&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) (i) The Company is now, and since the Lookback Date has been, in compliance in all material respects with all applicable Environmental Laws, all material terms of Environmental Permits, and all contract terms relating to Environmental Laws or Hazardous Materials, and (ii) there are no written claims alleging unresolved violation of or liability under applicable Environmental Laws or contract terms relating to Environmental Laws or Hazardous Materials pending or, to the Knowledge of the Company, threatened against the Company, and there have been no written claims alleging such violations or liability at any time since the Lookback 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;(c) The Company is not currently subject to any order issued by a Governmental Authority arising from or relating to alleged violations of Environmental 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;(d) There has been no release or migration of Hazardous Materials at or to any Leased Real Property or elsewhere that, to the Knowledge of the Company, could reasonably be expected to result in material liability for the Company under any Environmental Laws or any contract term relating to Environmental Laws or Hazardous Materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company has never deployed firefighting foams or other supplies that contain per- or polyfluoroalkyl substances, and such firefighting supplies are not now present at any Leased Real 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;(f) The Company has not retained or assumed, by contract or operation of Law, any material liabilities or obligations under Environmental Law of third parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The Company has provided or otherwise made available to the Buyer (i) all Phase I and Phase II site assessments conducted since the Lookback Date, and other material reports and data relating to the possible presence of Hazardous Materials at any real property currently owned, operated, or leased by the Company; and (ii) any material audits, reports, risk assessments and other similar documents conducted since the Lookback Date related to compliance with Environmental Laws or the release of Hazardous Materials.

Section 4.19 <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;(a) <u>Schedule 4.19(a)</u> of the Disclosure Schedules sets forth a true and complete list of each of the following written contracts and agreements, other than purchase orders entered into in the ordinary course of business of the Company, that is of a type described below to which the Company is a party or bound (such contracts and agreements as described in this <u>Section 4.19(a)</u> being "<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) contracts that provide for payment by the Company of more than $50,000 per 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;&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) contracts that provide for receipt by the Company of more than $50,000 per year, including any such contracts with customers or clients;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts relating to (x) Indebtedness for borrowed money or (y) other Indebtedness for an amount more than $50,000;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts that (A) limit or purport to limit the ability of the Company to (1) conduct or compete in any line of business or with any Person or in any geographic area or during any period of time, (2) solicit sales or business from any Person or (3) solicit for employment or hire any Person or (B) grant any exclusive or similar rights to any Person or contain "most favored nations" clauses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts relating to any joint venture, partnership or similar agreements or arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts under which the Company is lessee of or holds or operates any real property owned by any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) contracts under which the Company is lessee of or holds or operates any personal property owned by any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) contracts under which the Company is lessor of or permits any third party to hold or operate any real or tangible property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) contracts providing for capital expenditures with unpaid obligations or commitments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts containing an exclusive sale or purchase obligation binding upon the Company with respect to any Product, service or geographic area;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts with any Governmental Authority;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) license agreements relating to the use of any third party Intellectual Property, other than Open Source Software Licenses and licenses for off-the-shelf, commercially available software that is licensed for a fee of no more than $10,000 per 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;&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) contracts pursuant to which the Company has granted any Person any license or interest under (including a right to receive a license or a covenant not to sue) any Owned Intellectual Property, excluding, for listing purposes only, non-exclusive license agreements between the Company and its customers entered into in the ordinary course of business consistent with past practices, IP Assignment Agreements, and licenses which are incidental to the primary purpose of the agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) contracts relating to the development of any material Owned Intellectual Property, excluding, for listing purposes only, IP Assignment 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) contracts with any Material Customer or Material Supplier;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) contracts (a) that relate to any outstanding obligations or future obligations related to any disposition or acquisition of businesses, divisions, product lines, assets or properties by the Company (except in the ordinary course of business), or any merger, sale of shares, sale of assets, business combination or other corporate transaction with respect to the Company (other than this Agreement) or (b) under which the Company has any obligations to pay any amounts in respect of purchase price adjustments or "earn-outs";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) settlement agreements, conciliations or similar agreements with respect to Actions, or contracts relating thereto, that are reasonably expected to (a) obligate the Company to make payments after Closing, (b) restrict or otherwise affect the operations of the Company, the Buyer Parties or their respective Affiliates in any way after the Closing Date or (c) impose fines or criminal penalties that remain unpaid after 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;&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) any hedging, futures, options or other derivative 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) all employment or other compensatory contracts, including severance agreements, with or in respect of any employee, officer, director, independent contractor or other individual service provider of the Company (or, to the extent that the Company has continuing obligations under any such contract, any former employee, officer, director, independent contractor or other individual service provider) of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) any Collective Bargaining Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) any contracts granting a power of attorney with respect to the Company to 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;(b) The Company has made available to the Buyer true and complete copies of each Material Contract. Each Material Contract is valid, binding and has been duly authorized (including having been executed and adequately stamped and registered as required under applicable Law) by the Company and, to the Knowledge of the Company, the counterparties thereto, and is in full force and effect. Neither the Company nor, to the Knowledge of the Company, the counterparties thereto, is in breach of, or default under, any Material Contract, except for breaches or defaults that are not material to such Material Contract. To the Knowledge of the Company, no event has occurred which, individually or together with other events, would reasonably be expected to result in a breach of or a default under or a termination of any Material Contract (in each case, with or without notice or lapse of time or both), except for breaches or defaults that would not be material to such 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;(c) Since the Lookback Date, the Company has not been subject to material liability in respect of any breach of any express or implied warranties on any Product or service sold or provided by the Company, other than replacement or repair of a Product. Since the Lookback Date, except as adequately reflected or reserved against on the Interim Financial Statements, the Company has no material liabilities with respect to the failure of any Product or service designed, manufactured, or sold by the Company and is in conformity in all material respects with all Product specifications or contractual commitments. Since the Lookback Date, the Company has not been, and none of their respective Products are or have ever been, subject to any Product recall, withdrawal, seizure, sequestration, or quarantine, whether voluntarily or at the discretion or order of any Governmental Authority and there is no reasonable basis for any recall, withdrawal, seizure, sequestration, or quarantine.

Section 4.20 <u>Material Customers and Suppliers.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Schedule 4.20(a)</u> of the Disclosure Schedules sets forth a true and complete list of (i) the names and addresses of the top ten largest customers of the Company (based on the dollar amount of sales) during each of the 12 months ended December 31, 2024 and December 31, 2025 (each, a "<u>Material Customer</u>"). Since the Lookback Date, no Material Customer has terminated, cancelled or materially adversely modified its relationship with the Company. Since the Lookback Date, no Material Customer has notified the Company that such Material Customer has ceased or will cease to be a customer of the Company or that such Material Customer intends to terminate or adversely modify its relationship with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Schedule 4.20(b)</u> of the Disclosure Schedules sets forth a true and complete list of the names and addresses of the top ten largest suppliers of the Company (based on the dollar amount of sales) during each of the 12 months ended December 31, 2024 and December 31, 2025 (each, a "<u>Material Supplier</u>"). Since the Lookback Date, no Material Supplier has terminated, cancelled or materially adversely modified its relationship with the Company. Since the Lookback Date, no Material Supplier has notified the Company that such Material Supplier has ceased or will cease to be a supplier of the Company or that such Material Supplier intends to terminate or adversely modify its relationship with the Company.

Section 4.21 <u>Related Party Transactions</u>. Except as set forth in <u>Schedule 4.21</u> of the Disclosure Schedules, no Related Party of the Sellers or the Company, nor, to the Knowledge of the Company, any member of such individual's immediate family, as applicable: (a) has any interest in any asset, real or personal, owned or leased by the Company or used in connection with the businesses of the Company or (b) is engaged in any transaction, agreement, contract, commitment, arrangement or understanding with the Company (other than payments made to, and other compensation provided to, employees, officers and directors (or equivalent) in the ordinary course of business) (each of (a) and (b), collectively, a "<u>Related Party Transaction</u>"). Except as set forth in <u>Schedule 4.21</u> of the Disclosure Schedules, there are no outstanding notes payable to, accounts receivable from or advances by the Company to, and the Company is not otherwise a debtor or creditor of, or has any liability or other obligation of any nature to, any Related Party of the Sellers or the Company.

Section 4.22 <u>No Insolvency Proceedings</u>. No insolvency Action of any character, including bankruptcy, receivership, reorganization, composition or arrangement with creditors, voluntary or involuntary, similar Action under applicable Law, affecting any of the Company is pending, and the Company has not made any assignment for the benefit of creditors, and the Company has not been declared insolvent or bankrupt by a Governmental Authority.

Section 4.23 <u>Brokers</u>. No broker, finder, financial advisor or investment banker is entitled to any brokerage, finder's or other fee or commission or other reimbursement of expenses in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of the Company.

Section 4.24 <u>Exclusivity of Representations and Warranties</u>. Neither the Company nor any of its Affiliates or Representatives is making any representation or warranty on behalf of the Company of any kind or nature whatsoever, oral or written, express or implied, except as expressly set forth in this <u>Article IV</u> or any other Transaction Document and the Company hereby disclaims any such other representations or warranties.

**Article V**

**REPRESENTATIONS AND WARRANTIES OF THE BUYER PARTIES**

Each of the Buyer Parties, as applicable, hereby represents and warrants to the Sellers as follows:

Section 5.1 <u>Organization</u>. Such Buyer Party is a corporation duly organized, validly existing and in good standing under the Laws of Nevada, and has all necessary corporate or other equivalent power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted.

Section 5.2 <u>Authority</u>. Such Buyer Party has the corporate or other equivalent power and authority to execute and deliver this Agreement and each of the other Transaction Documents to which it will be a party, to perform its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution, delivery and performance by such Buyer Party of this Agreement and each of the other Transaction Documents to which it will be a party and the consummation by such Buyer Party of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action, and no other corporate action on the part of such Buyer Party is necessary to authorize the execution, delivery or performance by such Buyer Party of or under this Agreement or any of the other Transaction Documents or the consummation by such Buyer Party of the transactions contemplated hereby or thereby. This Agreement has been, and upon execution of each of the other Transaction Documents to which it will be a party will have been, duly executed and delivered by such Buyer Party and, assuming due execution and delivery by each of the other parties hereto and thereto, this Agreement constitutes, and upon execution of each of the other Transaction Documents to which such Buyer Party will be a party will constitute, the legal, valid and binding obligation of such Buyer Party, enforceable against such Buyer Party in accordance with its terms, subject to the Enforceability Exceptions.

Section 5.3 <u>No Conflict; Required Filings and Consents.</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) The execution, delivery and performance by such Buyer Party of this Agreement and each of the other Transaction Documents to which such Buyer Party will be a party, and the consummation of the transactions contemplated hereby and thereby do not and will 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;&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) conflict with, violate or constitute or result in a breach or default under (in each case, with or without notice of lapse of time, or both) the Organizational Documents of such Buyer Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) conflict with or violate any Law or material Permit applicable to such Buyer Party or by which any property or asset of such Buyer Party is bound or affected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) conflict with, violate, result in any breach of, constitute a default (or an event that, with notice or lapse of time or both, would become a default) under, give rise to any right of termination, cancellation or acceleration with respect to, result in the payment of any additional fee or penalty under, or require any consent of or notice to any Person pursuant to, any material contract or agreement to which such Buyer Party is a party; except, in the case of clause (ii) or (iii), for any such conflicts, violations, breaches, defaults or other occurrences that would not have, or would not reasonably be expected to have, individually or in the aggregate, a Buyer Material Adverse Effect or that arise as a result of any facts or circumstances relating to the participation of the Sellers or any of their Affiliates (as opposed to any third party) in 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;(b) Such Buyer Party is not required to file, seek or obtain any notice, authorization, approval, order, permit or consent of or with any Governmental Authority in connection with the execution, delivery and performance by such Buyer Party of this Agreement or each of the other Transaction Documents to which such Buyer Party will be a party or the consummation of the transactions contemplated hereby or thereby, except (i) for such filings as may be required by any applicable federal or state securities or "blue sky" Laws, (ii) where failure to obtain such consent, approval, authorization or action, or to make such filing or notification, would not have, and would not reasonably be expected to have, individually or in the aggregate, a Buyer Material Adverse Effect or (iii) as may be necessary as a result of any facts or circumstances relating to the participation of the Sellers or any of their Affiliates (as opposed to any third party) in the transactions contemplated by this Agreement.

Section 5.4 <u>Solvency</u>. Assuming (i) that the Company was solvent immediately prior to the Closing and (ii) the accuracy of the Company's representations and warranties in <u>Article IV</u>, immediately following the Closing, neither of the Buyer Parties nor the Company, will (a) be insolvent or left with unreasonably small capital, (b) have incurred debts beyond their ability to pay such debts as they mature (taking into account refinancing opportunities), or (c) have liabilities in excess of the reasonable market value of their respective assets.

Section 5.5 <u>Brokers</u>. No broker, finder, financial advisor or investment banker is entitled to any brokerage, finder's or other fee or commission payable prior to the Closing Date or other reimbursement of expenses in connection with the transactions contemplated hereby based upon arrangements made by or on behalf of a Buyer Party.

Section 5.6 <u>Investment Intent</u>. The Buyer is acquiring the Interests for its own account for investment purposes only and not with a view to any public distribution thereof or with any intention of selling, distributing or otherwise disposing of the Interests in a manner that would violate the registration requirements of the Securities Act. The Buyer agrees that the Interests may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act and any applicable state securities Laws, except pursuant to an exemption from such registration under the Securities Act and such Laws. The Buyer is able to bear the economic risk of holding the Interests 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.

Section 5.7 <u>Buyer Parties' Investigation and Reliance</u>. Each Buyer Party is a sophisticated purchaser and has made its own independent investigation, review and analysis regarding the transactions contemplated hereby, which investigation, review and analysis were conducted by the Buyer Parties together with expert advisors, including legal counsel, that it has engaged for such purpose. None of the Sellers, the Company or any of their respective Affiliates or Representatives have made any representation or warranty, express or implied, as to the accuracy or completeness of any information concerning the Company contained herein or made available in connection with the Buyer Parties' investigation of the Company, except as expressly set forth in this Agreement or the other Transaction Documents, and the Sellers, the Company and their respective Affiliates and Representatives expressly disclaim any and all liability that may be based on such information or errors therein or omissions therefrom. The Buyer Parties have not relied and are not relying on any statement, representation or warranty, oral or written, express or implied, made by the Sellers, the Company, or any of their respective Affiliates or Representatives, except as expressly set forth in <u>Article III</u> and <u>Article IV</u>. The Buyer Parties acknowledge that, should the Closing occur, the Buyer shall acquire the Company on an "as is" and "where is" basis, except as otherwise expressly set forth in <u>Article III</u> and <u>Article IV</u>. The Buyer Parties acknowledge and agree that the representations and warranties in <u>Article III</u> and <u>Article IV</u> are the result of arms' length negotiations between sophisticated parties.

Section 5.8 <u>Listing Exchange</u>. The Parent Common Stock is listed on the Nasdaq Stock Market (the "<u>Nasdaq</u>"), and the Parent has not received any notice of delisting from the Nasdaq. No judgment, order, ruling, decree, injunction, or award of any securities commission or similar securities regulatory authority or any other Governmental Authority, or of the Nasdaq, preventing or suspending trading in any securities of the Parent has been issued, and no proceedings for such purpose are, to the Parent's knowledge, pending, contemplated or threatened. The Parent has taken no action that is designed to terminate the registration of the Parent Common Stock under the Exchange Act of 1934 (the "<u>Exchange Act</u>").

Section 5.9 <u>Financial Reports and Regulatory Filings</u>. The Parent has timely filed or furnished with the United States Securities and Exchange Commission (the "<u>SEC</u>") all reports, schedules, forms, statements, and other documents (including exhibits and other information incorporated therein) required to be filed or furnished by it since the Lookback Date under the Exchange Act. The Parent's Annual Reports on Form 10-K for the years ended December 31, 2023, 2024, and 2025, and all other reports, registration statements, definitive proxy statements or information statements filed by it subsequent to December 31, 2025 under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, in the form filed or as thereafter amended prior to the date hereof (collectively, the "<u>Parent SEC Filings</u>") with the SEC as of the date filed or amended prior to the date hereof, as the case may be, (i) complied in all material respects as to form with the applicable requirements under the Exchange Act, as the case may be, and (ii) did not contain any untrue statement of a material fact or omit 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.

The audited or unaudited financial statements included in the Parent SEC Filings, including any notes thereto or schedules, (x) were prepared in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or the omission of notes to the extent permitted by Regulation S-K or, in the case of unaudited statements, as permitted by Form 10-Q of the SEC) and subject, in the case of interim financial statements, to normal and recurring year-end adjustments, and (y) fairly present in all material respects the financial position, results of operations and cash flows of the Buyer as at the respective dates thereof and for the respective periods indicated therein.

Section 5.10 <u>No Stockholder Approval</u>. The transactions contemplated hereby and in the Transaction Documents, taken together with any transactions consummated by the Parent and the Buyer as permitted by <u>Article VI</u>, do not require any vote of the stockholders of the Parent under applicable Law, the rules and regulations of the Nasdaq (or other national securities exchange on which the Parent Common Stock is then listed) or the organizational documents of the Parent.

Section 5.11 <u>Legal Proceedings</u>. There are no actions, suits, claims, investigations or other legal proceedings pending or, to the Buyer's knowledge, threatened against or by the Buyer or any Affiliate of Buyer that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement in any material respect.

Section 5.12 <u>Exclusivity of Representations and Warranties</u>. None of the Buyer Parties nor any of their Affiliates or Representatives is making any representation or warranty on behalf of such Buyer Party of any kind or nature whatsoever, oral or written, express or implied, except as expressly set forth in this <u>Article V</u> or any other Transaction Document, and the Buyer Parties hereby disclaim any such other representations or warranties.

**Article VI**

**COVENANTS**

Section 6.1 <u>Related Party Transactions</u>. Except as set forth on <u>Schedule 6.1</u> of the Disclosure Schedules, all Related Party Transactions between the Company, on the one hand, and the Sellers and its Affiliates (other than the Company), on the other hand (collectively, the "<u>Seller Agreements</u>"), shall be cancelled without any consideration or further liability to any party and without the need for any further documentation, immediately prior to the Closing.

Section 6.2 <u>Further Assurances</u>. The Sellers shall, and shall cause their Affiliates to, execute and deliver such further instruments of conveyance and transfer and take such additional action as the Buyer may reasonably request to effect, consummate, confirm, or evidence the sale and transfer to the Buyer of the Interests and the other transactions contemplated by this Agreement. The Buyer shall, and shall cause its Affiliates to, execute and deliver such further instruments of assumption and take such additional action as the Sellers may reasonably request to effect, consummate, confirm, or evidence the transactions contemplated by this Agreement.

Section 6.3 <u>Public Announcements</u>. On and after the date hereof, the parties shall consult with each other before issuing any press release or otherwise making any public statements with respect to this Agreement or the transactions contemplated hereby, and none of the parties shall issue any press release or make any public statement prior to obtaining the other parties' written approval, which approval shall not be unreasonably withheld, except that no such approval shall be necessary to the extent disclosure may be (i) required by applicable Law or (ii) required or desirable under applicable stock exchange rules or listing requirements.

Section 6.4 <u>Directors' and Officers' 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) The Buyer Parties agree that all rights to indemnification or exculpation now existing in favor of the directors and officers of the Company, as provided in the Company's Organizational Documents, shall survive the Closing and shall continue in full force and effect for a period of not less than six years following the Closing Date and that the Company will perform and discharge the obligations to provide such indemnity and exculpation after the Closing; <u>provided</u>, <u>however</u>, that all rights to indemnification and exculpation in respect of any Action arising out of or relating to matters existing or occurring at or prior to the Closing Date and asserted or made within such six-year period shall continue until the final disposition of such Action. From and after the Closing, the Buyer Parties shall not, and shall cause each of their respective Subsidiaries and Affiliates (including the Company) not to, amend, repeal or otherwise modify the indemnification provisions of the Company's Organizational Documents as in effect at the Closing in any manner that would adversely affect the rights thereunder of individuals who at the Closing were directors, officers, employees, or agents of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) As of the Closing, the Buyer Parties and the Sellers have obtained, at the Buyer Parties' sole cost and expense, from the providers of the current officers' and directors' liability insurance of the Company a non-cancelable run-off insurance policy (the "<u>D&O Insurance</u>") for a period of six years following the Closing Date, covering liability and acts or omissions occurring on or prior to the Closing Date with respect to those Persons who are presently covered by such insurance at limit levels and otherwise on terms with respect to such coverage no less favorable to the insured than those of such insurance in effect on 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;(c) In the event any of the Buyer Parties or the Company or any of their respective successors or assigns (i) consolidates with or merges into any other Person and shall not be the continuing or surviving corporation or entity in such consolidation or merger or (ii) transfers all or substantially all of its properties and assets to any Person, then and in either such case, the Parent shall make proper provision so that the successors and assigns of the applicable Buyer Party or the Company, as the case may be, shall assume the obligations set forth in this <u>Section 6.4</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) The provisions of this <u>Section 6.4</u> shall survive the consummation of the Closing and continue for the periods specified herein. This <u>Section 6.4</u> is intended to benefit the directors and officers of the Company and any other Person or entity (and their respective heirs, successors and assigns) referenced in this <u>Section 6.4</u> or indemnified hereunder, each of whom may enforce the provisions of this <u>Section 6.4</u> (whether or not parties to this Agreement). All of the Persons referenced in the immediately preceding sentence are intended to be third party beneficiaries of this <u>Section 6.4</u>.

Section 6.5 <u>Reserved</u>.

Section 6.6 <u>Additional Listing Application; Removal of Restrictive Legends.</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) As promptly as practicable after the date of this Agreement, but in any event after taking into consideration the rules and regulations of the Nasdaq with respect to the timing of the Additional Listing Application (as hereinafter defined) and the supporting documents required to accompany the Additional Listing Application, the Buyer Parties shall submit to the Nasdaq an additional supplemental listing application relating to the Aggregate Stock Consideration (the "<u>Additional Listing Application</u>") and shall use its commercially reasonable efforts to secure the Nasdaq approval of the Additional Listing Application, subject to official notice of issuance and compliance with applicable Nasdaq listing standards.

&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) Subject to compliance with the requirements set forth herein, and the Company being current in its filings under the Securities Exchange Act of 1934 and applicable securities laws, following the earlier of (i) the date that is at least six months after the Closing Date on which the Sellers have provided the representations required by this <u>Section 6.6(b)</u>, (ii) the date that is at least 12 months after the Closing Date, or (iii) the date on which the Parent Common Stock is sold pursuant to an effective registration statement under the Securities Act, upon the written request of the Sellers, the Buyer Parties shall, at their own expense, promptly take or cause to be taken all actions reasonably necessary to cause any restrictive legends or similar notations imposed under the Securities Act or other applicable securities Laws to be removed from any certificate(s) or book-entry statements representing such Parent Common Stock held by the Sellers. If the Sellers request removal of such legends or notations pursuant to subparagraph (i) above, the Sellers shall provide a written representation in the form set forth in <u>Schedule 6.6(b)</u> of the Disclosure Schedules. If the Sellers request removal of such legends or notations pursuant to subparagraph (ii) above, the Sellers shall represent to the Buyer that the Sellers are not, and have not been during the preceding three months, an "affiliate" of the Parent within the meaning of Rule 144 under the Securities Act. The Sellers agree to notify the Company promptly once it has sold all of the Parent Common Stock issued to it hereunder. In all cases, the Buyer Parties' actions required under this <u>Section 6.6(b)</u> shall include the timely delivery of any authorizations, instructions, or legal opinions of the Buyer Parties' counsel confirming that the conditions for removal of restrictive legends under applicable securities laws have been satisfied as may be required by the Buyer Parties' and shall be subject to the requirements of the Company's transfer agent to effect the removal of such legends or notations. Notwithstanding anything to the contrary herein, nothing in this <u>Section 6.6</u> shall require the Buyer Parties to take any action that would result in a violation of applicable securities laws or be construed as a guarantee of the ability of any Seller to resell the Parent Common Stock.

Section 6.7 <u>Lock-Up.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 6.7(b)</u> and <u>Section 6.7(c)</u>, with respect to each issuance of shares of Parent Common Stock by the Parent to the Sellers pursuant to this Agreement, the Sellers shall not, directly or indirectly, for a period of six (6) months from the date such shares are issued to the Sellers (each such period a "<u>Lock-Up Period</u>") (i) sell, transfer, assign, hypothecate, pledge or otherwise encumber such shares of Parent Common Stock, or any interest therein; (ii) enter into any swap, derivative, hedging or similar arrangement (including any short sale, forward contract, option, collar, equity swap, total return swap or other transaction) that is designed to, or reasonably could be expected to, hedge, reduce or eliminate the economic risk of ownership of such shares, in whole or in part; (iii) deposit or maintain such shares of Parent Common Stock in any margin account, or otherwise use such shares as collateral for any indebtedness or obligation, including under any margin loan, securities-based lending arrangement or similar credit facility; or (iv) publicly announce or disclose any intention to engage in any of the foregoing transactions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything in <u>Section 6.7(a)</u> to the contrary, the Sellers may transfer Restricted Shares (i) to one or more Affiliates, (ii) to any direct or indirect partners, members or equityholders of the Sellers (including for bona fide tax or estate planning purposes), or (iii) pursuant to any court order or by operation of Law, provided that, in each case, each transferee agrees in writing to be bound by the restrictions applicable to the Sellers set forth in <u>Section 6.7(a)</u> for the remainder of the applicable Lock-Up Period, in each case subject to the exceptions set forth in this <u>Section 6.7(b)</u> and <u>Section 6.7(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;(c) Notwithstanding the foregoing, the restrictions in <u>Section 6.7(a)</u> shall not apply to any sale, transfer or exchange made pursuant to or in connection with any merger, tender offer, reclassification, recapitalization, consolidation, stock exchange or similar transaction involving Parent Common Stock made to all holders of Parent Common Stock that would result in the holders of Parent Common Stock exchanging their shares for cash, securities or other property.

Section 6.8 <u>General Efforts</u>. Upon the terms and subject to the conditions set forth in this Agreement (including this <u>Section 6.8</u>) and subject to any different standard set forth herein with respect to any covenant or obligation, the Buyer Parties shall (and shall cause their respective Subsidiaries to, if applicable) on the one hand, and the Sellers and the Company shall (and shall cause their respective Affiliates to, if applicable) on the other hand, use their respective reasonable best efforts to (i) take (or cause to be taken) all actions, (ii) do (or cause to be done) all things, and (iii) assist and cooperate with the other parties hereto in doing (or causing to be done) all things, in each case as are necessary, proper or advisable to consummate and make effective, as promptly as reasonably practicable, the transactions contemplated hereby. In furtherance of the foregoing, the Company and the Sellers shall, use their respective commercially reasonable efforts to make and obtain at the earliest practicable date the notices, consents, approvals or waivers of any contracts set forth on <u>Schedule 6.8</u> of the Disclosure Schedules triggered by the consummation of the transactions contemplated hereby.

Section 6.9 <u>PCAOB 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;(a) Prior to the date hereof, the Company engaged a PCAOB-registered independent public accounting firm (the "<u>PCAOB Auditor</u>") to audit the Company's financial statements in accordance with the standards of the Public Company Accounting Oversight Board for calendar years ending December 31, 2024 and December 31, 2025 (the "<u>PCAOB Audited 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;(b) As of the date hereof, the Company has delivered the PCAOB Audited Financial Statements to the Buyer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Buyer shall bear the reasonable and documented fees and expenses of the PCAOB Auditor incurred in connection with the preparation of the PCAOB Audited Financial Statements (the "<u>Audit Costs</u>").

**Article VII**

**TAX MATTERS**

Section 7.1 <u>Tax Returns.</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) The Sellers (at Sellers' sole cost and expense) shall timely prepare and file or cause to be timely prepared and filed all Flow-Through Tax Returns with respect to any taxable period ending on or prior to the date immediately preceding the Closing Date and that are first due after the Closing Date (any such Tax Return a "<u>Seller Prepared Tax Return</u>"). Except as otherwise required by this Agreement, all Seller Prepared Tax Returns shall be prepared or completed in a manner consistent with prior practice of the Company (to the extent such prior practice is supportable at a "more likely than not" or greater level of comfort). At least thirty (30) days prior to the date on which any such Seller Prepared Tax Return is due (taking into account any applicable extension), the Sellers shall submit such Seller Prepared Tax Return to the Buyer for review and comment and shall consider in good faith any reasonable comments timely received from the Buyer on such Seller Prepared Tax Return. For the avoidance of doubt, the Sellers shall timely pay all Taxes shown as due and payable by them in respect of any such Seller Prepared Tax Return. For purposes of filing the applicable Seller Prepared Tax Return pursuant to this <u>Section 7.1(a)</u>, the Parties shall treat any payment of Transaction Expenses as allocable to the Pre-Closing Tax Period and, such amounts shall be reported, to the extent they are actually deductible expenses, as determined on a "more likely than not" basis, on the Seller Prepared Tax Return for the S Short Year pursuant to Proposed Treasury Regulations Section 1.1502-76(b)(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;(b) The Buyer shall prepare or cause to be prepared, and timely file or cause to be timely filed, all other Tax Returns for the Company for any Pre-Closing Tax Period or Straddle Period the due date of which (taking into account any applicable extensions) is after the Closing Date but only if not filed prior to the Closing that are not Seller Prepared Tax Returns ("<u>Buyer Filed Tax Returns</u>"). Any Buyer Filed Tax Returns that reasonably would be expected to reduce the Purchase Price (as finally determined pursuant to <u>Section 2.4</u>) by more than a de minimis amount shall be prepared in a manner consistent with the past custom and practice of the Company to the extent such past custom or practice is supported by a "more likely than not" (or higher) level of authority, and at least 30 days prior to the date on which such Buyer Filed Tax Return is due (taking into account any applicable extensions), the Buyer shall submit such Buyer Filed Tax Return to the Sellers for review and comment and shall consider in good faith any reasonable comments timely received from the Sellers on such Buyer Filed Tax Return.

Section 7.2 <u>Books and Records; Cooperation</u>. Except as otherwise provided in this Agreement and to the extent reasonably requested by the other party, the Buyer and the Sellers shall, and shall cause their respective Representatives and Affiliates to use commercially reasonable efforts to cooperate in connection with the filing of Tax Returns or any Tax audit or other Tax examination by any Governmental Authority, in each case, with respect to the Company; provided, however, that nothing in this Agreement shall require the Buyer to provide the Sellers with any consolidated, combined, unitary or other Tax Return (other than as contemplated by <u>Section 7.1(b)</u>).

Section 7.3 <u>Transfer Taxes</u>. The Buyer and the Sellers shall each be responsible for fifty percent (50%) of any real property transfer Tax, documentary or stamp Tax, stock transfer Tax, recording charges, or other similar Tax imposed on the Company as a result of the transactions contemplated by this Agreement (collectively, "<u>Transfer Taxes</u>"); provided that, Transfer Taxes shall not include Income Taxes, Taxes imposed on or with reference to gross receipts, or any ad valorem or other property taxes arising with respect to vehicles or other assets subject to certificate of title laws. The parties hereto agree to use commercially reasonable efforts to cooperate in the timely filing of any Tax Returns with respect to the Transfer Taxes, including by promptly supplying to the party required by applicable Law to file any such Tax Return any information in its possession that is reasonably necessary to complete such Tax Return and joining, or causing its respective Representative and Affiliates to join, in the execution of such Tax Return.

Section 7.4 <u>Straddle Period Allocation</u>. To the extent it is necessary for purposes of this Agreement to determine the allocation of Taxes among a Straddle Period, (a) the amount of any Taxes based on or measured by income, receipts, payroll or sales of the Company for the Pre-Closing Tax Period shall be determined based on an interim closing of the books as of the end of the date immediately preceding the Closing Date (and for such purpose, the taxable period of any partnership or other pass through entity or "controlled foreign corporation" (within the meaning of Section 957(a) of the Code) in which the Company holds a beneficial interest shall be deemed to terminate at such time) and (b) the amount of other Taxes of the Company not described in clause (a) for the portion of a Straddle Period that relates to the Pre-Closing Tax Period shall be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction, the numerator of which is the number of days in the taxable period ending on the Closing Date and the denominator of which is the number of days in such Straddle Period. For the avoidance of doubt, for purposes of this Agreement (including for purposes of calculating Net Working Capital), a Transaction Tax Deduction shall be treated as deductible in the Pre-Closing Tax Period to the extent such Transaction Tax Deduction is deductible at a "more likely than not" (or higher) level of authority.

Section 7.5 <u>Tax Proceedings</u>. To the extent that this <u>Section 7.5</u> conflicts with <u>Article VIII</u>, this <u>Section 7.5</u> shall control. The Sellers (at their sole cost and expense) shall have the right to control all Actions in respect of a Pre-Closing Tax Period or any Seller Prepared Tax Return (excluding any Straddle Period) (a "<u>Tax Contest</u>"). The Sellers shall not settle or compromise any such Tax Contest without the prior written consent of the Buyer (not to be unreasonably withheld, conditioned or delayed). Each Party shall use commercially reasonable efforts to provide the other Party with notice of any written inquiries, audits, examinations or proposed adjustments by a Taxing Authority that relate to any such Tax Contest within fifteen (15) Business Days of the receipt of such notice. The Sellers shall keep the Buyer reasonably informed of the details and status of such matter (including providing the Buyer with copies of all material written correspondence regarding such matter). The Buyer shall be permitted to fully participate in any such Tax Contest, including attending any meetings or conferences and having an opportunity to comment on any written materials prepared in connection with any such Tax Contest. The Sellers shall incorporate any reasonable comments made by the Buyer with respect to any such written materials. The Sellers shall conduct such Tax Contest diligently and in good faith. The failure or delay of the Buyer in complying with this <u>Section 7.5</u> shall not reduce or affect the obligations of the Sellers under this Agreement. The Buyer shall control all other Actions relating to Taxes of the Company that are not Tax Contests.

Section 7.6 <u>Tax Accounting Method Change.</u> The Parties acknowledge and agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall make an accounting method change by filing IRS Form 3115 to change its overall method of accounting from the cash receipts and disbursements method to an applicable accrual method for U.S. federal and applicable state income Tax purposes, effective for and in respect of the S Short Year (as defined below) (the "<u>Tax Accounting Method Change</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) The transactions contemplated by this Agreement qualify as an "eligible acquisition transaction," as defined in Section 7.03(3)(d)(iii) of IRS Revenue Procedure 2015-13, that occurs during the taxable year following the "year of change" (i.e. the S Short Year (as defined below)) in respect of the Tax Accounting Method Change. The Company shall elect a one-year Section 481(a) adjustment period for all positive Section 481(a) adjustments (the "<u>Section 481(a) Adjustments</u>") for the S Short Year (the "year of change") resulting from the Tax Accounting Method Change by filing an "eligible acquisition transaction election statement" pursuant to Section 7.03(3)(d)(ii) of IRS Revenue Procedure 2015-13, along with IRS Form 3115 in respect of the S Short Year (such election and Tax Return filings, the "<u>One-Year 481(a) Adjustment for the S Short Year</u>"). The Parties shall take all actions and file all Tax Returns necessary to properly effectuate the One-Year 481(a) Adjustment for the S Short 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;(c) For avoidance of doubt, the Parties hereto acknowledge and agree that Sellers shall have no liability or obligation to pay all or any portion of any Cash-to-Accrual Taxes, all of which shall be the sole responsibility of Company and Buyer.

Section 7.7 <u>S Corporation Termination.</u>

The Parties acknowledge and agree that the taxable year in which the S corporation status of the Company is terminated will be an "S Termination Year" (as such term is defined in Section 1362(e)(4) of the Code) for tax purposes. As defined in Section 1362(e)(1)(A) of the Code, the S Short Year shall be that portion of the Company's S Termination Year ending on the day immediately preceding the Closing Date (the "S Short Year") and the S Short Year will end on the day immediately preceding the Closing Date in accordance with Treasury Regulations Section 1.1362-3(a) and Treasury Regulations 1.1502-76(b)(1)(ii)(2). In accordance with Treasury Regulations Section 1.1362-3(a) and Treasury Regulations Section 1.1502-76(b)(1)(ii)(2), the Company will join the U.S. consolidated income tax group that includes the Buyer on the Closing Date.

**Article VIII**

**INDEMNIFICATION**

Section 8.1 <u>Sellers' Indemnification</u>. The Sellers shall, jointly and severally, in accordance with this <u>Article VIII,</u> indemnify, defend, protect and hold harmless the Buyer and its assigns, successors and Affiliates and their respective Representatives (collectively, the "<u>Buyer Indemnitees</u>") from, against and in respect of all Actions asserted against, and all Losses asserted against or suffered, sustained, incurred or paid by, any Buyer Indemnitee (collectively, "<u>Buyer Losses</u>") in connection with or arising out of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the breach or inaccuracy of any representation or warranty of any Seller or the Company set forth in this Agreement or any Transaction Document (in each case, without regard to any qualification or limitation as to materiality, whether by reference to "in any material respect," "Material Adverse Effect," or any other use of the term "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;(b) the nonfulfillment of any covenant or agreement in this Agreement or any Transaction Document on the part of either of the Sellers or the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any Transaction Expenses or Indebtedness incurred prior to Closing but not deducted in the calculation of the Purchase Price payments made by the Buyer;

&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) any failure to properly classify the employees of the Company as non-exempt under any federal, state, local or non-US laws regarding payment and amount of wages, hours of work and overtime;

&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) any Indemnified Taxes; 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;(f) Fraud by the Sellers or the Company.

Section 8.2 <u>Buyer Parties Indemnification</u>. The Buyer Parties shall, in accordance with this <u>Article VIII</u>, indemnify, defend, protect and hold harmless the Sellers and its respective assigns, successors and Affiliates and their respective Representatives (collectively, the "<u>Seller Indemnitees</u>") from, against and in respect of all Actions asserted against, and all Losses asserted against or suffered, sustained, incurred or paid by, any Seller Indemnitee (collectively, "<u>Seller Losses</u>") in connection with or arising out of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the breach or inaccuracy of any representation or warranty of the Buyer Parties set forth in this Agreement or any Transaction Document that the Buyer Parties are party to (in each case, without regard to any qualification or limitation as to materiality, whether by reference to "in any material respect," "Material Adverse Effect," or any other use of the term "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;(b) the nonfulfillment of any covenant or agreement in this Agreement or any Transaction Document that the Buyer Parties are party to on the part of the Buyer Parties; 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;(c) Fraud by the Buyer Parties.

Section 8.3 <u>Limitations</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) The period during which a claim for indemnification may be asserted hereunder (the "<u>Claims Period</u>") with respect to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a breach or inaccuracy of any Fundamental Representation or any claim for indemnification under <u>Section 8.1(c)</u>, <u>Section 8.1(e)</u> or <u>Section 8.1(f)</u> shall begin on the date hereof and thereafter shall be indefinite;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a breach or inaccuracy of any Special Representation shall begin on the date hereof and terminate sixty (60) days after the end of statute of limitations applicable 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a breach or inaccuracy of any representation or warranty of the Sellers, the Company or the Buyer Parties (other than Fundamental Representations and Special Representations) shall begin on the date hereof and terminate eighteen (18) months after 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a breach of any covenant to be performed on or prior to the Closing shall begin on the date hereof and terminate eighteen (18) months after 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;&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) a breach of any covenant to be performed after the Closing shall begin on the date hereof and terminate upon being fully performed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything herein to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Sellers (as a group and in the aggregate) shall not have any indemnification obligation under <u>Section 8.1(a)</u> unless and until the aggregate amount of Buyer Losses exceeds Fifty Thousand Dollars ($50,000) (the "<u>Basket</u>"), whereupon the Sellers shall indemnify the Buyer Indemnitees for all Buyer Losses (including the Basket); provided, however, that this <u>Section 8.3(b)</u> shall not apply to Buyer Losses arising out of any breach or inaccuracy of any Fundamental Representation or Special Representation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the maximum amount of Buyer Losses for which the Sellers shall be obligated to indemnify Buyer Indemnitees pursuant to <u>Section 8.1(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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) for claims arising out of breaches or inaccuracies of Fundamental Representations and Special Representations shall be the amount of the Purchase Price; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) for claims arising out of breaches or inaccuracies of representations and warranties of the Sellers or the Company in this Agreement (other than Fundamental Representations and Special Representations) shall be an amount equal to fifteen (15%) of the Purchase Price (the "<u>General Cap</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the maximum amount of Seller Losses for which the Buyer Parties shall be obligated to indemnify Seller Indemnitees pursuant to <u>Section 8.2(a)</u> shall be the General Cap.

&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) Notwithstanding <u>Section 8.3(a)</u>, if, prior to the close of business on the last day of the Claims Period, an Indemnifying Party shall have been properly notified of a good faith claim for indemnity hereunder and such claim shall not have been Finally Resolved at such date, such claim shall continue to survive and shall remain a basis for indemnity hereunder until such claim is Finally Resolved in accordance herewith. All representations and warranties herein shall survive the Closing until the last day of the Claims Period applicable thereto and, with respect to claims that remain unresolved as of the last day of the Claims Period, until such unresolved claims have been Finally 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;(d) Each Person entitled to indemnification under this <u>Article VIII</u> (an "<u>Indemnified Party</u>") shall exercise, and cause its Affiliates to exercise, commercially reasonable efforts to recover any amounts reasonably available to offset any Losses from any applicable insurer or third party indemnitor. Losses shall be calculated net of actual recoveries under existing insurance policies (net of any actual collection costs and reserves, deductibles, premium adjustments and retrospectively rated premiums).

Section 8.4 <u>Notice of Claims</u>. An Indemnified Party shall notify the Persons obligated to provide such indemnification under this <u>Article VIII</u> (the "<u>Indemnifying Party</u>") in writing promptly after becoming aware of any Action or Loss which an Indemnified Party shall have determined has given rise to a claim for indemnification under this <u>Article VIII</u>. Such written notice (a "<u>Claim Notice</u>") shall include an estimate of the Loss, if known, the method of computation thereof and a reference to the specific provision(s) of this Agreement in respect of which indemnification is sought. If the Indemnifying Party notifies the Indemnified Party that it does not dispute the claim or the estimated amount of the Loss described in the Claim Notice, or fails to notify the Indemnified Party within thirty (30) days after receipt of such Claim Notice whether the Indemnifying Party disputes the claim or the estimated amount of the Loss described in such Claim Notice, the estimated Loss in the amount specified in the Indemnified Party's Claim Notice will be conclusively deemed a liability of the Indemnifying Party, and the Indemnifying Party shall pay the amount of such Loss to the Indemnified Party. If the Indemnifying Party has timely disputed its liability with respect to such claim or the estimated amount of the Loss, the dispute shall be resolved, and the amount of the Loss payable by the Indemnifying Party to the Indemnified Party shall be determined, in accordance with <u>Section 9.7</u>. This <u>Section 8.4</u> does not apply to Third Party Actions.

Section 8.5 <u>Third Party Actions.</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) If any third Person shall commence an Action against any Indemnified Party (a "<u>Third Party Action</u>") with respect to any matter which may give rise to a claim for indemnification under this <u>Article VIII</u>, then the Indemnified Party shall notify the Indemnifying Party in writing promptly after becoming aware of such Third Party Action, describing in reasonable detail the Third Party Action (such notice being hereinafter called a "<u>Third Party Action Notice</u>"), which notice shall include a reference to the specific provision(s) of this Agreement in respect of which indemnification is sought. No delay on the part of any Indemnified Party in notifying the Indemnifying Party shall relieve the Indemnifying Party from its obligations hereunder, except to the extent the Indemnifying Party is prejudiced by such failure to give notice. The Indemnifying Party will have thirty (30) days from the receipt of such Third Party Action Notice (the "<u>Response Period</u>") to determine whether or not (i) the Indemnifying Party will defend against such Third Party Action; and/or (ii) the Indemnifying Party is disputing the claim for indemnity hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Indemnifying Party (i) does not respond to the Third Party Action Notice by 5:00 p.m., Eastern Time on the last day of the Response Period, or (ii) responds to the Third Party Action Notice within the Response Period and does not affirmatively state that the Indemnifying Party will defend against such Third Party Action, then (A) the Indemnified Party shall have the right to defend against such Third Party Action; and (B) the Indemnifying Party shall promptly pay all Losses resulting from such Third Party Action in accordance with <u>Section 8.5(e)</u> below; provided that in the case of clause (ii) of this sentence, any right of the Indemnified Party to recover from the Indemnifying Party shall depend on the resolution of the dispute as to the right of indemnity in accordance with <u>Section 9.7</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;(c) If the Indemnifying Party disputes the right to indemnity, but nevertheless elects to defend against any Third Party Action, any right of the Indemnified Party to recover from the Indemnifying Party shall depend on the resolution of the dispute as to the right of indemnity in accordance with <u>Section 9.7</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) Notwithstanding anything herein to the contrary, if the Indemnifying Party notifies the Indemnified Party that it will defend against or settle any Third Party Action:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such defense or settlement shall be at the sole cost and expense of the Indemnifying Party, except for costs and expenses of the Indemnified Party's counsel, if any, pursuant to <u>Section 8.5(d)(v)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Indemnifying Party and its counsel shall conduct such defense or settlement at all times in good faith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the Indemnifying Party and its counsel shall (A) at the reasonable request of the Indemnified Party, provide periodic updates to the Indemnified Party in order to keep the Indemnified Party informed as to its conduct of such defense or settlement, and (B) not compromise or settle such Third Party Action without the prior written consent of the Indemnified Party, unless the Indemnified Party has affirmatively acknowledged its obligation to indemnify the Indemnified Party hereunder, and such settlement or compromise does not subject the Indemnified Party to any monetary or criminal liability, injunctive relief or other restriction, and includes a complete, unconditional release of the Indemnified Party from all liability with respect to such Third Party Action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Indemnified Party shall reasonably cooperate with the Indemnifying Party, including making available to the Indemnifying Party, all relevant witnesses and pertinent documents and information and appropriate personnel;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the Indemnified Party may employ its own counsel and participate in such defense or settlement at the Indemnified Party's sole cost and expense, but the control of such defense and the settlement shall rest with the Indemnifying Party;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) notwithstanding the Indemnifying Party's election to defend against or settle the Third Party Action, the Indemnified Party may, upon written notice to the Indemnifying Party, elect to employ its own counsel at the Indemnifying Party's expense if (A) the Indemnifying Party is also a Person against whom the Third Party Action is made and the Indemnified Party has been advised by counsel that (x) representation of both parties by the same counsel would be inappropriate under applicable standards of professional conduct or (y) the Indemnified Party has available to it one or more defenses or counterclaims that are inconsistent with, different from, or in addition to one or more of those that may be available to the Indemnifying Party with respect to such Third Party Action; (B) the Indemnifying Party shall not in fact have employed counsel reasonably satisfactory to the Indemnified Party for the defense or settlement of such Third Party Action; or, (C) in the case where the Indemnified Party is a Buyer Indemnitee, the third Person in such Third Party Action is a customer, distributor or supplier of a Buyer Party or any of its Affiliates; provided, that the assumption of control of the defense or settlement of a Third Party Action by the Indemnified Party pursuant to this <u>Section 8.5(d)(vi)</u> shall not relieve the Indemnifying Party of its obligation to indemnify and hold the Indemnified Party harmless; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) in no event shall the Indemnified Party consent to the entry of any judgment or enter into any settlement with respect to such Third Party Action without the prior written consent of the Indemnifying Party (which consent shall not be unreasonably withheld 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;(e) The Losses resulting from the settlement or the final, non-appealable adjudication of a Third Party Action shall be conclusively deemed a liability of the Indemnifying Party to the Indemnified Party (i) if the Indemnifying Party did not respond to the Third Party Action Notice by 5:00 p.m. Eastern Time on the last day of the Response Period; (ii) if the Indemnifying Party did not affirmatively dispute, in writing, the Indemnified Party's right to indemnification; or (iii) in the event the Indemnifying Party did affirmatively dispute, in writing, the Indemnified Party's right to indemnification, to the extent the dispute regarding the Indemnified Party's right to indemnification is resolved, in accordance with <u>Section 9.7</u>, in the Indemnified Party's favor.

Section 8.6 <u>Payments; Escrow Funds.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to <u>Section 8.6(b)</u>, once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this <u>Article VIII</u>, the Indemnifying Party shall satisfy its obligations within five (5) Business Days of such final, non-appealable adjudication 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;(b) Any Buyer Losses payable to a Buyer Indemnitee pursuant to this <u>Article VIII</u> (other than in respect of <u>Section 8.1(b)</u> through <u>Section 8.1(f)</u>) shall be satisfied: (i) first, from the Escrow Fund; and (ii) to the extent the amount of Buyer Losses exceeds the amounts available to the Buyer Indemnitee in the Escrow Fund, from the Sellers, severally and jointly. Any Buyer Losses payable to a Buyer Indemnitee pursuant to <u>Section 8.1(b)</u> through <u>Section 8.1(f)</u> may, at Buyer Indemnitee's election, be satisfied from the Escrow Fund or the Sellers, severally and jointly. If Buyer Indemnitee becomes entitled to any distribution of all or any portion of the Escrow Fund pursuant to this <u>Article VIII</u>, the Buyer and the Sellers shall deliver joint written instructions to the Escrow Agent instructing the Escrow Agent to pay Buyer Indemnitee the amounts to be paid from the Escrow Fund to Buyer in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any Buyer Losses that are to be satisfied by the Sellers may, at the Buyer's election, be satisfied either (i) by the Sellers in cash or, (ii) subject to <u>Section 8.7</u> below, by withholding and deducting from any shares of Parent Common Stock that is or may be owed to the Sellers by the Buyer Parties pursuant to <u>Section 2.2(d)</u> through <u>Section 2.2(i)</u>. The amount of shares of Parent Common Stock to be withheld shall be determined based on the applicable Ten-Day VWAP to be used for the issuance of such shares of Parent Common Stock to the Sellers.

&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) Upon the termination of the Escrow Fund pursuant to the terms of the Escrow Agreement, the Escrow Agent shall pay any amounts remaining in the Escrow Fund to the Sellers as set forth in the Escrow Agreement in accordance with their Pro Rata Portion.

Section 8.7 <u>Right of Offset</u>. In addition to <u>Section 2.4(i)</u> and <u>Section 8.6(c)</u> and any rights of setoff or other similar rights that the Buyer Parties or any of the other Buyer Indemnitees may have at common law or otherwise, the Buyer Parties shall have the right to withhold and deduct any sum that is or may be owed to any Buyer Indemnitee by the Sellers under this <u>Article VIII</u> from any amount otherwise payable or issuable by any Buyer Indemnitee to the Sellers under any Transaction Document (other than the Boyd Employment Agreement) or otherwise in connection with any of the transactions contemplated by this Agreement and the other Transaction Documents; provided, however, to the extent any amounts deducted and withheld are later determined by a final, non-appealable order of a court of competent jurisdiction to have been wrongly offset, deducted or withheld, then, in addition to the payment of all such amounts wrongly offset or withheld, Sellers shall be entitled to interest in the amount of ten percent (10.0%) per annum on such wrongfully offset or withheld amounts accruing from the date such amounts were due and payable to Sellers until the date such amounts were actually paid.

Section 8.8 <u>Effect of Investigation and Notices</u>. The Buyer Parties have entered into this Agreement in express reliance on the representations and warranties of the Sellers herein. The rights of Buyer Indemnitees to indemnification hereunder shall not be impacted or limited by (a) any knowledge that the Buyer Parties may or should have acquired prior to the Closing or (b) any investigation or diligence, including environmental diligence, conducted by the Buyer Parties.

Section 8.9 <u>Tax Treatment of Indemnity Payments</u>. All indemnification payments made hereunder shall be treated as an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law.

Section 8.10 <u>Exclusive Remedy</u>. Excluding Fraud and claims seeking equitable remedies, the indemnification provisions in this <u>Article VIII</u> constitute the sole and exclusive recourse of any Indemnified Party against any Indemnifying Party for any Losses or Actions arising under or related to this Agreement. Notwithstanding the foregoing, nothing in this <u>Article VIII</u> is intended to limit the rights or remedies of the Parties with respect to any intentional or willful misrepresentation of material facts which constitutes Fraud.

**Article IX**

**GENERAL PROVISIONS**

Section 9.1 <u>Fees and Expenses</u>. Except as otherwise provided herein, all fees and expenses incurred in connection with or related to this Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby shall be paid by the party incurring such fees or expenses, whether or not such transactions are consummated. In the event of termination of this Agreement, the obligation of each party to pay its own expenses will be subject to any rights of such party arising from Fraud or a Willful Breach by the other party.

Section 9.2 <u>Amendment and Modification; Waiver; Extension</u>. This Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing specifically designated as an amendment hereto, signed on behalf of each party. The Sellers, on the one hand and on behalf of itself and the Company, and the Buyer, on the other hand and on behalf of itself and the Parent, may (a) extend the time for performance of any of the obligations or other acts of the other party contained herein, (b) waive any inaccuracies in the representations and warranties of the other party contained herein or in any document, certificate or writing delivered by such party pursuant hereto or (c) waive compliance by the other party with any of the agreements or conditions contained herein. Any agreement on the part of any party to any such extension or waiver shall be valid only if set forth in a written agreement signed on behalf of such party. No failure or delay of any party in exercising any right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such right or power, or any course of conduct, preclude any other or further exercise thereof or the exercise of any other right or power. Any agreement on the part of any party to any such waiver shall be valid only if set forth in a written instrument executed and delivered by a duly authorized officer on behalf of such party.

Section 9.3 <u>Notices</u>. All notices and other communications hereunder shall be in writing and shall be deemed duly given (a) on the date of delivery if delivered personally, or if by e-mail, without the sender having received notice of failure to deliver such email, (b) on the first Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier or (c) on the earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return receipt requested, postage prepaid. All notices hereunder shall be delivered to the addresses set forth below, or pursuant to such other instructions as may be designated in writing by the party to receive such notice:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if to the Sellers or prior to the Closing, the Company, to:

Onium Capital, LLC

Attn: Roy Boyd and Angela Boyd

2680 Drayton Hall Drive

Buford, GA 30519

with a copy (which shall not constitute notice) to:

Andersen, Tate & Carr, P.C.

1960 Satellite Boulevard, Suite 4000

Duluth, GA 30097

Attention: R. Bradley Carr, Esq.

Email: <u>bcarr@atclawfirm.com</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) if to a Buyer Party or after the Closing, the Company, to:

NANO Nuclear Energy Inc.

10 Times Square

30<sup>th</sup> Floor

New York, NY 10018

Attention: Oscar Leandro

with a copy (which shall not constitute notice) to:

Pillsbury Winthrop Shaw Pittman LLP

1200 Seventeenth Street NW

Washington, DC 20036

Attention: Elina Teplinsky

E-mail: Elina.teplinsky@pillsburylaw.com

Section 9.4 <u>Interpretation</u>. When a reference is made in this Agreement to a Section, Article, Exhibit or Schedule such reference shall be to a Section, Article, Exhibit or Schedule of this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement or in any Exhibit or Schedule are for convenience of reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All words used in this Agreement will be construed to be of such gender or number as the circumstances require. Any capitalized terms used in any Exhibit or Schedule but not otherwise defined therein shall have the meaning as defined in this Agreement. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth herein. The word "including" and words of similar import when used in this Agreement will mean "including, without limitation," unless otherwise specified. The words "hereof," "herein" and "hereunder" and words of similar import when used in this Agreement shall refer to the Agreement as a whole and not to any particular provision in this Agreement. The term "or" is not exclusive. The word "will" shall be construed to have the same meaning and effect as the word "shall." The words "to the extent" mean the degree to which a subject or other thing extends and shall not simply mean "if". References to days mean calendar days unless otherwise specified. The meaning assigned to each term defined herein shall be equally applicable to both the singular and the plural forms of such term and vice versa. Whenever the last day for the exercise of any right or the discharge of any duty under this Agreement falls on a day other than a Business Day, the party having such right or duty shall have until the next Business Day to exercise such right or discharge such duty. References to any contract (including this Agreement) or any Organizational Document refer to such contract or Organizational Document as amended, modified, supplemented or replaced from time to time prior to the date hereof but only to the extent such amendment, modification, supplement or replacement has been made available to the Buyer. References to any "copy" of any contract or other document refer to a true and complete copy thereof. Any reference to any Law is a reference to the Law as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, includes any rules and regulations promulgated under the statute) and any reference to any Section of any statute, rule or regulation includes any successor to the Section. References to "ordinary course of business" when used in reference to the Company shall be deemed to refer to any action taken, or omitted to be taken, in the ordinary and usual course of business of the Company, consistent with past practice. The terms "made available," "provided," "furnished" and words of similar import shall mean, in reference to information, documents or other items by the Company, the posting by or on behalf of the Company to the virtual data room "<u>Secured Transportations Services LLC</u>" hosted on OneHub or otherwise provided directly to the Buyer at least two (2) Business Days prior to the execution of this Agreement.

Section 9.5 <u>Entire Agreement</u>. This Agreement (including the Exhibits and Schedules hereto), the Transaction Documents and the Confidentiality Agreement constitute the entire agreement, and supersede all prior written agreements, arrangements, communications and understandings and all prior and contemporaneous oral agreements, arrangements, communications and understandings among the parties with respect to the subject matter hereof and thereof. This Agreement shall not be deemed to contain or imply any restriction, covenant, representation, warranty, agreement or undertaking of any party with respect to the transactions contemplated hereby other than those expressly set forth herein or in any document required to be delivered hereunder, including any implied covenants regarding noncompetition or nonsolicitation, and none shall be deemed to exist or be inferred with respect to the subject matter hereof. Notwithstanding any oral agreement or course of conduct of the parties or their Representatives to the contrary, no party to this Agreement shall be under any legal obligation to enter into or complete the transactions contemplated hereby unless and until this Agreement shall have been executed and delivered by each of the parties.

Section 9.6 <u>Parties in Interest</u>. This Agreement shall be binding upon and inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to or shall confer upon any Person other than the parties and their respective successors and permitted assigns any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement, except with respect to the provisions of <u>Section 6.4</u> (Directors' and Officers' Indemnification) and <u>Section 9.16</u> (Release) which shall inure to the benefit of the Persons benefiting therefrom who are intended to be third party beneficiaries thereof.

Section 9.7 <u>Governing Law; Jurisdiction; Venue; Service of Process; Waiver of Jury Trial</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) This Agreement and any claims or causes of action arising out of or relating to this Agreement, the negotiation, execution or performance of this Agreement, or the transactions contemplated hereby (whether in contract, in tort, under statute or otherwise) shall be governed by, and interpreted, construed and enforced in accordance with, the internal Laws of the State of Delaware, without regard to the Laws of any other jurisdiction that might be applied because of the conflicts of laws principles of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each of the Sellers, the Company and the Buyer, by its execution hereof, (i) hereby irrevocably submits to the exclusive jurisdiction of the state or federal courts of the State of Delaware located in New Castle, Delaware (the "<u>Delaware Courts</u>") for the purpose of any lawsuit between or among the parties arising in whole or in part under or in connection with this Agreement or the Transaction Documents, (ii) hereby waives and agrees not to assert, by way of motion, as a defense or otherwise, in any such lawsuit, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that any such lawsuit brought in one of the above-named courts should be dismissed on grounds of forum non conveniens, should be transferred or removed to any court other than one of the above-named courts, or should be stayed by reason of the pendency of some other proceeding in any court other than one of the above-named courts, or that this Agreement or any other Transaction Document or the subject matter hereof or thereof may not be enforced in or by such court, and (iii) hereby agrees not to commence any such lawsuit other than before one of the above-named courts. Notwithstanding the previous sentence, a party may commence any lawsuit in a court other than the above-named courts solely for the purpose of enforcing an order or judgment issued by one of the above-named courts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Sellers, the Company and the Buyer hereby (i) consent to service of process in any lawsuit between or among the parties arising in whole or in part under or in connection with this Agreement or any other Transaction Document in any manner permitted by applicable Law, (ii) agree that service of process made in accordance with clause (i) or made by registered or certified mail, return receipt requested, at its address specified pursuant to <u>Section 9.3</u>, will constitute good and valid service of process in any such lawsuit, and (iii) waive and agree not to assert (by way of motion, as a defense, or otherwise) in any such lawsuit any claim that service of process made in accordance with clause (i) or (ii) does not constitute good and valid service of process.

&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) EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE ANCILLARY AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

Section 9.8 <u>Disclosure Generally</u>. Notwithstanding anything to the contrary contained in the Disclosure Schedules or in this Agreement, the information and disclosures contained in any Disclosure Schedule shall be deemed to be disclosed and incorporated by reference in any other Disclosure Schedule as though fully set forth in such Disclosure Schedule for which applicability of such information and disclosure is reasonably apparent on its face. The fact that any item of information is disclosed in any Disclosure Schedule shall not be construed to mean that such information is required to be disclosed by this Agreement. Such information and the dollar thresholds set forth herein shall not be used as a basis for interpreting the terms "material" or "Material Adverse Effect" or other similar terms in this Agreement.

Section 9.9 <u>Assignment; Successors</u>. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or otherwise, by any party without the prior written consent of the other parties, and any such assignment without such prior written consent shall be null and void; provided, that the Buyer may assign its right to acquire the Interests and its obligation to pay the Aggregate Cash Closing Consideration to a Subsidiary of the Buyer without the consent of the Sellers; provided further, that no assignment shall limit or relieve the Buyer's respective obligations hereunder, as applicable. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns. Any attempted assignment in violation of this <u>Section 9.9</u> shall be null and void.

Section 9.10 <u>Enforcement</u>. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached and that money damages or other legal remedies would not be an adequate remedy for any such nonperformance or breach. Accordingly, each of the parties shall be entitled to specific performance of the terms hereof, including an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the Court of Chancery of the State of Delaware; provided, that if jurisdiction is not then available in the Court of Chancery of the State of Delaware, then in any state or federal court located in the State of Delaware, this being in addition to any other remedy to which such party is entitled at law or in equity. Each of the parties hereby further waives (a) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement under any Law to post security as a prerequisite to obtaining equitable relief.

Section 9.11 <u>Currency</u>. All references to "dollars" or "$" or "US$" in this Agreement refer to United States dollars, which is the currency used for all purposes in this Agreement.

Section 9.12 <u>Severability</u>. Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable Law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

Section 9.13 <u>Counterparts</u>. This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties.

Section 9.14 <u>Electronic Signature</u>

. This Agreement may be executed electronically (including by means of .pdf or similar graphic reproduction format or by means of digital signature software, e.g. DocuSign or Adobe Sign) and delivered by e-mail or other similar means of electronic transmission, and any electronic signature shall constitute an original for all purposes.

Section 9.15 <u>No Presumption Against Drafting Party</u>. Each of the Buyer Parties, the Sellers and the Company acknowledges that each party to this Agreement has been represented by legal counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law or any legal decision that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application and is expressly waived.

Section 9.16 <u>Release</u>. Effective as of the Closing, the Sellers, on behalf of themselves and their Related Parties, successors and permitted assigns, hereby unconditionally and irrevocably and forever release and discharge the Parent, the Buyer Parties, the Company and their respective Related Parties (each, a "<u>Buyer Released Party</u>"), of and from, and hereby unconditionally and irrevocably waive (to the fullest extent permitted by applicable Law, including by contractually shortening the applicable statute of limitations), any and all covenants, liabilities, judgments, accounts, and other Actions of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract, direct or indirect, at law or in equity that such party ever had, now has or ever may have or claim to have against any Buyer Released Party, for or by reason of any matter, circumstance, event, action, inaction, omission, cause or thing whatsoever arising on or prior to the Closing and arising by virtue of, or in any matter related to, the Sellers' ownership of Interests in the Company, the transactions contemplated by this Agreement or the other Transaction Documents or any actions or inactions with respect to the Company. Notwithstanding anything herein to the contrary, nothing in this <u>Section 9.16</u> shall release, waive, discharge or otherwise affect (i) the rights or obligations of any Seller under this Agreement or any Transaction Document, (ii) any claims of Fraud, (iii) the rights or obligations of any Seller with respect to indemnification, exculpation or expense advancement obligations owed to any current or former, director, manager, officer, employee or agent under the Organizational Documents of the Company or as required by applicable Laws, in each case, as set forth in <u>Section 6.4</u> of this Agreement, (iv) any rights under any directors and officers insurance policies benefitting pre-Closing directors and officers of the Company, including the D&O Insurance policy obtained by the Company pursuant to <u>Section 6.4(b)</u> of this Agreement, and (v) payments of compensation and benefits in connection with any employee's employment with the Company in the ordinary course of business consistent with past practice. The Sellers, on behalf of themselves and its current and future Related Parties, expressly waive all rights afforded by any statute which limits the effect of a release with respect to unknown claims. The Sellers, on behalf of themselves and their current and future Related Parties, understand the significance of this release of unknown claims and waiver of statutory protection against a release, on behalf of itself and its current and future Related Parties, of unknown claims, and acknowledges and agrees that this waiver is an essential and material term of this Agreement. The Sellers, on behalf of themselves and their current and future Related Parties, acknowledge that the Buyer Parties will be relying on the waiver and release provided in this <u>Section 9.16</u> in connection with entering into this Agreement and that this <u>Section 9.16</u> is intended for the benefit of, and to grant third party beneficiary rights to, each Buyer Released Party to enforce this <u>Section 9.16</u>.

Section 9.17 <u>Parent Guarantee.</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) The Parent hereby absolutely, unconditionally and irrevocably guarantees, as a primary obligor and not merely as a surety, to the Sellers the due, prompt and full payment and performance by the Buyer of all of its obligations, liabilities, covenants and agreements under this Agreement and the other Transaction Documents, including the payment of the Aggregate Cash Closing Consideration (collectively, the "<u>Guaranteed Obligations</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) The Parent acknowledges and agrees that the guarantee set forth in this <u>Section 9.17</u> is a guarantee of payment and performance and not of collection, and the Parent hereby waives any right to require the Sellers to proceed against the Buyer or any other Person, or to pursue any other remedy or enforce any other right, prior to seeking performance and payment from the Parent.

Section 9.18 <u>Privilege; Counsel.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the parties hereto acknowledges and agrees, on its own behalf and on behalf of its directors, managers, members, shareholders, partners, officers, employees and Affiliates, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Andersen, Tate & Carr, P.C. ("<u>ATC</u>") has acted as counsel to the Sellers and their Affiliates (not including the Company) (individually and collectively, the "<u>Seller Group</u>") and the Company in connection with the negotiation, preparation, execution and delivery of this Agreement and the Transaction Documents and the consummation of the transactions contemplated hereby and thereby. Buyer agrees, and shall cause the Company to agree, that, following consummation of the transactions contemplated hereby, such representation and any prior representation of the Company by ATC (or any successor) shall not preclude ATC from serving as counsel to the Seller Group or any director, manager, member, shareholder, partner, officer or employee of the Seller Group, in connection with any litigation, dispute, claim or obligation arising out of or relating to this Agreement or the Transaction Documents and the transactions contemplated hereby and thereby (a "<u>Future Representation</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Buyer Parties shall not, and shall cause the Company not to, seek or have ATC disqualified from any Future Representation based on the prior representation of the Company by ATC. Each of the parties hereto hereby consents thereto and waives any conflict of interest arising in any Future Representation from such prior representation, and each of such parties shall cause any of its Affiliates to consent to waive any conflict of interest in any Future Representation arising from such representation. Each of the parties acknowledges that such consent and waiver is voluntary, that it has been carefully considered, and that the parties have consulted with counsel or have been advised they should do so in connection herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All confidential communications prior to Closing between the Seller Group or the Company, on the one hand, and ATC, on the other hand, to seek or obtain legal advice relating to the negotiation, preparation, execution and delivery of this Agreement and the Transaction Documents and the consummation of the transactions contemplated hereby and thereby (the "<u>Privileged Communications</u>") shall be deemed to be attorney-client privileged and the expectation of client confidence relating thereto shall survive Closing, and from and after Closing shall belong solely to the Seller Group and shall not pass to or be claimed by Buyer Parties or the Company. Accordingly, Buyer Parties and the Company shall not have access to any Privileged Communications whether contained in the files of the Company or ATC elsewhere relating to such engagement from and after Closing. Without limiting the generality of the foregoing, from and after the Closing, (i) the Seller Group (and not Buyer or the Company) shall be the sole holders of the attorney-client privilege with respect to the Privileged Communications, and none of the Buyer Parties or the Company shall be a holder thereof, (ii) to the extent that files of ATC in respect of such engagement constitute property of the client, only the Seller Group (and not Buyer Parties nor the Company) shall hold such property rights, and (iii) ATC shall have no duty whatsoever to reveal or disclose any Privileged Communications or ATC's files in respect of such engagement to Buyer Parties or the Company by reason of any attorney-client relationship between ATC and the Company or otherwise; provided, that the foregoing clauses (i)-(iii) shall not apply in the case of any claim involving Fraud between the Seller Group and the Buyer Parties. Notwithstanding the foregoing, in the event that after Closing a dispute arises between Buyer Parties or their Affiliates (including the Company), on the one hand, and a third party other than any of the Seller Group, on the other hand, Buyer Parties and their Affiliates (including the Company) may assert the attorney-client privilege to prevent disclosure of the Privileged Communications to such third party; provided, however, that neither Buyer Parties nor any of their Affiliates (including the Company) may waive such privilege without the prior written consent of the Seller Group, which consent shall not be unreasonably withheld, conditioned or delayed. In the event that Buyer Parties or any of their Affiliates (including the Company) is legally required by order of any Governmental Authority or otherwise legally required to access or obtain a copy of all or a portion of the Privileged Communications, to the extent (x) permitted by applicable Law, and (y) advisable in the opinion of Buyer Parties' counsel, then Buyer Parties shall promptly notify Sellers in writing to enable Sellers to seek a protective order. In furtherance of the foregoing, each of the parties agrees that (i) no waiver is intended by failing to remove all Privileged Communications from the Company's files and computer systems, (ii) before the Closing the Seller Group will use commercially reasonable efforts to take the steps necessary to ensure the Privileged Communications will be held and controlled by the Seller Group following the Closing, and (iii) after the Closing the Buyer Parties will take commercially reasonable efforts as are reasonably requested by the Seller Group to ensure that any Privileged Communications still in the possession of the Company following the Closing will be turned over to the Seller Group. Buyer Parties agree that after Closing none of Buyer Parties, the Company, or their Affiliates will (i) access or review the Privileged Communications in connection with any action, litigation, claim, or dispute against or involving the Seller Group or (ii) use or assert the Privileged Communications against the Seller Group in any action, litigation, claim, or dispute against or involving the Seller 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) This <u>Section 9.18</u> is intended for the benefit of, and shall be enforceable by, ATC. This <u>Section 9.18</u> shall be irrevocable, and no term of this <u>Section 9.18</u> may be amended, waived or modified, without the prior written consent of ATC.

*[The remainder of this page is intentionally left blank.]*

IN WITNESS WHEREOF, the Sellers, the Company and the Buyer Parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

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| | |
|:---|:---|
| **<u>SELLERS:</u>** | **<u>SELLERS:</u>** |
| **ROY A. BOYD, II** | **ROY A. BOYD, II** |
| */s/ Roy A. Boyd, II* | */s/ Roy A. Boyd, II* |
| Roy A. Boyd, II | Roy A. Boyd, II |
| **ONIUM CAPITAL, LLC** | **ONIUM CAPITAL, LLC** |
| By: | */s/ Roy A. Boyd, II* |
| Name: | Roy A. Boyd, II |
| Title: | Chairman of the Board of Directors |

---

*[Signature Page to Membership Interest Purchase Agreement]*

IN WITNESS WHEREOF, the Sellers, the Company and the Buyer Parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

---

| | |
|:---|:---|
| **<u>COMPANY:</u>** | **<u>COMPANY:</u>** |
| **SECURED TRANSPORTATION SERVICES LLC** | **SECURED TRANSPORTATION SERVICES LLC** |
| By: | */s/ Roy A. Boyd, II* |
| Name: | Roy A. Boyd, II |
| Title: | President |

---

*[Signature Page to Membership Interest Purchase Agreement]*

IN WITNESS WHEREOF, the Sellers, the Company and the Buyer Parties have caused this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

---

| | |
|:---|:---|
| **<u>BUYER PARTIES:</u>** | **<u>BUYER PARTIES:</u>** |
| **ADVANCED FUEL TRANSPORTATION INC.** | **ADVANCED FUEL TRANSPORTATION INC.** |
| By: | */s/ James Walker* |
| Name: | James Walker |
| Title: | Authorized Signatory |
| **NANO NUCLEAR ENERGY INC.** | **NANO NUCLEAR ENERGY INC.** |
| By: | */s/ James Walker* |
| Name: | James Walker |
| Title: | Chief Executive Officer |

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*[Signature Page to Membership Interest Purchase Agreement]*

## Exhibit 10.2

**Exhibit 10.2**

**Execution Version**

**REGISTRATION RIGHTS AGREEMENT**

THIS REGISTRATION RIGHTS AGREEMENT (this "**Agreement**"), dated as of May 22, 2026, is made and entered into by and among NANO Nuclear Energy Inc., a Nevada corporation (the "**Company**"), and the undersigned parties listed on the signature page hereto (each a "**Signing Holder**" and collectively the "**Signing Holders**").

**RECITALS**

**WHEREAS**, on the date hereof, upon the closing (the "**Closing**") of the transactions (such transactions, the "**Transactions**," and the date of such Closing, the "**Closing Date**") contemplated by that certain Membership Interest Purchase Agreement, dated as of May 22, 2026 (the "**Purchase Agreement**"), by and among (i) the Signing Holders, (ii) Secured Transportation Services LLC, a Delaware limited liability company ("**STS**"), (iii) Advanced Fuel Transportation, Inc., a Nevada corporation ("**AFT**"), and (iv) the Company, all equity interests in STS were delivered to AFT in exchange for the right of the holders thereof to receive the Aggregate Stock Consideration and the Aggregate Cash Closing Consideration (as such terms are defined in the Purchase Agreement); and

**WHEREAS**, in connection with the Closing, the Company and the Signing Holders desire to enter into this Agreement in order to provide the holders of Registrable Securities (each a "**Holder**" and collectively the "**Holders**") with registration rights on the terms set forth herein; and

**NOW, THEREFORE**, in consideration of the representations, covenants and agreements contained herein, and certain other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

**Article I**

**DEFINITIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Definitions</u>. The terms defined in this <u>Article I</u> shall, for all purposes of this Agreement, have the respective meanings set forth below:

"**Adverse Disclosure**" shall mean any public disclosure of material non-public information, which disclosure, in the good faith judgment of the Chief Executive Officer or principal financial officer of the Company, after consultation with counsel to the Company, (i) would be required to be made in any Registration Statement or Prospectus in order for the applicable Registration Statement or Prospectus not to contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein (in the case of any prospectus and any preliminary prospectus, in the light of the circumstances under which they were made) not misleading, (ii) would not be required to be made at such time if the Registration Statement were not being filed, and (iii) the Company has a bona fide business purpose for not making such information public.

"**Agreement**" shall have the meaning given in the Preamble.

"**Closing Date**" shall have the meaning given in the Recitals hereto.

"**Commission**" shall mean the Securities and Exchange Commission.

"**Company**" shall have the meaning given in the Preamble, and includes the Company's successors by recapitalization, merger, consolidation, spin-off, reorganization or similar transaction.

"**Company Common Stock**" means the Company's Common Stock, par value $0.0001 and any other shares of stock issued or issuable with respect thereto (whether by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other corporate reorganization or other similar event with respect to the Company Common Stock).

"**Directors**" shall mean the Directors of the Company.

"**Effectiveness Deadline**" shall have the meaning given in <u>Section 2.1.1</u>.

"**Exchange Act**" shall mean the Securities Exchange Act of 1934, as it may be amended from time to time.

"**Filing Deadline**" shall have the meaning given in <u>Section 2.1.1</u>.

"**Form S-1 Shelf**" shall have the meaning given in <u>Section 2.1.1</u>.

"**Form S-3 Shelf**" shall have the meaning given in <u>Section 2.1.1</u>.

"**Holder**" shall have the meaning given in the Recitals hereto.

"**Holder Information**" shall have the meaning given in <u>Section 4.1.2</u>.

"**Misstatement**" shall mean an untrue statement of a material fact or an omission to state a material fact required to be stated in a Registration Statement or Prospectus, or necessary to make the statements in a Registration Statement or Prospectus (in the light of the circumstances under which they were made) not misleading.

"**Person**" means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association or other entity.

"**Piggyback Registration**" has the meaning set forth in Section 2.3.1.

"**Piggyback Registration Statement**" has the meaning set forth in Section 2.3.1.

"**Piggyback Shelf Registration Statement**" has the meaning set forth in Section 2.3.1.

"**Piggyback Shelf Takedown**" has the meaning set forth in Section 2.3.1.

"**Prospectus**" shall mean the prospectus included in any Registration Statement, as supplemented by any and all prospectus supplements and as amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus.

"**Purchase Agreement**" shall have the meaning given in the Recitals hereto.

"**Registrable Securities**" shall mean the Aggregate Stock Consideration (including, for the avoidance of doubt, the Deferred Stock Consideration (as defined in the Purchase Agreement)) that has been or is contemplated to be issued by the Company to the Holders pursuant to the Purchase Agreement, including, but not limited to, any shares of Company Common Stock issued or issuable with respect to the Aggregate Stock Consideration above by way of a stock dividend or stock split or in exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization, merger, consolidation, other reorganization or other similar event with respect to the Company Common Stock (it being understood that, for purposes of this Agreement, a Person shall be deemed to be a Holder whenever such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected); *provided*, *however*, that, as to any particular Registrable Security, such securities shall cease to be Registrable Securities upon the earliest to occur of: (A) a Registration Statement with respect to the sale of such securities shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement by the applicable Holder; (B) such securities shall have been otherwise transferred, new certificates for such securities not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of such securities shall not require registration under the Securities Act; (C) such securities shall have ceased to be outstanding; (D) such securities (i) may be sold without registration pursuant to Rule 144 or any successor rule promulgated under the Securities Act (but with no volume or other restrictions or limitations including as to manner or timing of sale and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1)) and (ii) the holder of such securities has beneficial ownership of less than 5% of the outstanding Company Common Stock; (E) such securities have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction.; and (F) a Registration Statement with respect to the sale of any Registrable Securities shall have become effective under the Securities Act but such Registration Statement does not cover such Registrable Security due to the failure of the Holder of such Registrable Security to provide its Holder Information for inclusion in such Registration Statement. For the purposes of the immediately preceding sentence, "beneficial ownership" shall be determined in accordance with Section 13(d) of the Exchange Act and Rule 13d-3 thereunder.

"**Registration**" shall mean a registration effected by preparing and filing a registration statement, prospectus or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement becoming effective.

"**Registration Expenses**" shall mean the out-of-pocket expenses of a Registration, including, without limitation, the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) all registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc.) and any securities exchange on which the Company Common Stock is then listed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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) fees and expenses of compliance with securities or blue sky 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) printing, messenger, telephone and delivery expenses;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) reasonable fees and disbursements of counsel for the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) reasonable fees and disbursements of all independent registered public accountants of the Company incurred specifically in connection with such Registration.

"**Registration Statement**" shall mean any registration statement that covers the Registrable Securities pursuant to the provisions of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to such registration statement, and all exhibits to and all material incorporated by reference in such registration statement.

"**Rule 144**" shall mean Rule 144 promulgated under the Securities Act (or any successor rule then in effect).

"**Securities Act**" shall mean the Securities Act of 1933, as amended from time to time.

"**Shelf Registration**" shall mean a registration of securities pursuant to a registration statement filed with the Commission in accordance with and pursuant to Rule 415 promulgated under the Securities Act (or any successor rule then in effect).

"**Signing Holders**" shall have the meaning given in the Preamble.

"**Subsequent Shelf Registration**" shall have the meaning given in <u>Section 2.1.2</u>.

"**Transfer**" shall mean the (a) sale of, offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any security, (b) entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect any transaction specified in clause (a) or (b).

**Article II**

**REGISTRATIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Shelf Registration</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;2.1.1 <u>Filing</u>. The Company shall file, as soon as practicable, but in any event no later than ninety (90) days following the Closing Date, (the "**Filing Deadline**"), a Registration Statement for a Shelf Registration on Form S-1 (the "**Form S-1 Shelf**") or, if the Company is eligible to use a Form S-3 Shelf, a Registration Statement for a Shelf Registration on Form S-3 (the "**Form S-3 Shelf**"), in each case, covering the resale of all the Registrable Securities (determined as of two business days prior to such filing) on a delayed or continuous basis. The Company shall use commercially reasonable efforts to cause such Shelf Registration to be declared effective as promptly as is reasonably practicable after filing, but in no event later than the earlier of (i) sixty (60) days following the Filing Deadline and (ii) three (3) business days after the Commission notifies the Company that it will not review such Shelf Registration, if applicable (the "**Effectiveness Deadline**"); provided, that, if such Shelf Registration filed pursuant to this <u>Section 2.1.1</u> is reviewed by, and the Company receives comments from, the Commission with respect to such Shelf Registration, the Effectiveness Deadline shall be extended by thirty (30) days to ninety (90) days following the Filing Deadline. Such Shelf Registration shall provide for the resale of the Registrable Securities included therein pursuant to any method or combination of methods legally available to, and requested by, any Holder named therein. The Company shall maintain a Shelf Registration in accordance with the terms hereof, and shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements as may be necessary to keep a Shelf Registration continuously effective, available for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities. Further to the foregoing, the Company shall file appropriate post-effective amendments and supplements as may be necessary to make any additional Registrable Security subject to an effective Shelf Registration within five (5) business days of the issuance of such shares. In the event the Company files a Form S-1 Shelf, the Company shall use its commercially reasonable efforts to convert the Form S-1 Shelf (and any Subsequent Shelf Registration) to a Form S-3 Shelf as soon as practicable after the Company is eligible to use Form S-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1.2 <u>Subsequent Shelf Registration</u>. If any Shelf Registration ceases to be effective under the Securities Act for any reason at any time while Registrable Securities are still outstanding, the Company shall, subject to <u>Section 3.4</u>, use its commercially reasonable efforts to promptly cause such Shelf Registration to again become effective under the Securities Act (including obtaining the prompt withdrawal of any order suspending the effectiveness of such Shelf Registration), and shall use its commercially reasonable efforts to promptly amend such Shelf Registration in a manner reasonably expected to result in the withdrawal of any order suspending the effectiveness of such Shelf Registration or file an additional registration statement as a Shelf Registration (a "**Subsequent Shelf Registration**") registering the resale of all Registrable Securities (determined as of two business days prior to such filing), and pursuant to any method or combination of methods legally available to, and requested by, any Holder named therein. If a Subsequent Shelf Registration is filed, the Company shall use its commercially reasonable efforts to (i) cause such Subsequent Shelf Registration to become effective under the Securities Act as promptly as is reasonably practicable after the filing thereof (it being agreed that the Subsequent Shelf Registration shall be an automatic shelf registration statement (as defined in Rule 405 promulgated under the Securities Act) if the Company is a well-known seasoned issuer (as defined in Rule 405 promulgated under the Securities Act) at the most recent applicable eligibility determination date) and (ii) keep such Subsequent Shelf Registration continuously effective, available for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities. Any such Subsequent Shelf Registration shall be on Form S-3 to the extent that the Company is eligible to use such form. Otherwise, such Subsequent Shelf Registration shall be on another appropriate form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Piggyback Registration</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;2.2.1 Whenever the Company proposes to register the offer and sale of any shares of Company Common Stock under the Securities Act (other than a registration (i) pursuant to a Registration Statement on Form S-8 (or other registration solely relating to an offering or sale to employees or directors of the Company pursuant to any employee stock plan or other employee benefit arrangement), (ii) pursuant to a Registration Statement on Form S-4 (or similar form that relates to a transaction subject to Rule 145 under the Securities Act or any successor rule thereto), or (iii) in connection with any dividend or distribution reinvestment or similar plan), whether for its own account or for the account of one or more stockholders of the Company and the form of Registration Statement (a "**Piggyback Registration Statement**") to be used may be used for any registration of Registrable Securities (a "**Piggyback Registration**"), the Company shall give prompt written notice (in any event no later than thirty (30) days prior to the filing of such Registration Statement) to the holders of Registrable Securities of its intention to effect such a registration and, subject to Sections 2.2.2 and 2.2.3, shall include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion from the Holders within fifteen (15) days after the Company's notice has been given to each such Holder. If any Piggyback Registration Statement pursuant to which Holders have registered the offer and sale of Registrable Securities is a Registration Statement on Form S-3 or the then appropriate form for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the Securities Act or any successor rule thereto (a "**Piggyback Shelf Registration Statement**"), such Holder(s) shall have the right, but not the obligation, to be notified of and to participate in any offering under such Piggyback Shelf Registration Statement (a "**Piggyback Shelf Takedown**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2 If a Piggyback Registration or Piggyback Shelf Takedown is initiated as a primary underwritten offering on behalf of the Company and (i) the managing underwriter advises the Company and the Holders of Registrable Securities (if any Holders of Registrable Securities have elected to include Registrable Securities in such Piggyback Registration or Piggyback Shelf Takedown) in writing or (ii) the Company determines, in either case, that in its reasonable and good faith opinion the inclusion of any of the Registrable Securities proposed to be included in such registration or takedown is not commercially reasonable or advisable, the Company shall include in such registration or takedown (x) first, the shares of Company Common Stock that the Company proposes to sell; (y) second, the shares of Company Common Stock requested to be included therein by holders of shares of Company Common Stock (other than the Holders of Registrable Securities) that have the right to request that their shares of Company Common Stock be included therein, and (z) third, to the extent commercially reasonable and advisable as decided by the managing underwriter and the Company, the Registrable Securities and shares of Company Common Stock requested to be included therein by the Holders of Registrable Securities and holders of Company Common Stock other than Holders of Registrable Securities, allocated pro rata among all such Holders on the basis of the number of Registrable Securities and the number of shares of Company Common Stock other than Registrable Securities (on a fully diluted, as converted basis), as applicable, owned by all such holders or in such manner as they may otherwise agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.3 If a Piggyback Registration or Piggyback Shelf Takedown is initiated as an underwritten offering on behalf of a holder of Company Common Stock other than Registrable Securities, and (i) the managing underwriter advises the Company in writing or (ii) the Company determines, in either case, that in its reasonable and good faith opinion the inclusion of any of the Registrable Securities proposed to be included in such registration or takedown is not commercially reasonable or advisable, the Company shall include in such registration or takedown (i) first, the shares of Company Common Stock requested to be included therein by holders of shares of Company Common Stock (other than the Holders of Registrable Securities) that have the right to request that their shares of Company Common Stock be included therein, and (ii) second, to the extent commercially reasonable and advisable as decided by the managing underwriter and the Company, the Registrable Securities and shares of Company Common Stock requested to be included therein by the Holders of Registrable Securities and holders of Company Common Stock other than Holders of Registrable Securities, allocated pro rata among all such Holders on the basis of the number of Registrable Securities and the number of shares of Company Common Stock other than Registrable Securities (on a fully diluted, as converted basis), as applicable, owned by all such holders or in such manner as they may otherwise agree.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.4 If any Piggyback Registration or Piggyback Shelf Takedown is initiated as a primary underwritten offering on behalf of the Company, the Company shall select the investment banking firm or firms to act as the managing underwriter or underwriters in connection with such offering.

**Article III**

**COMPANY PROCEDURES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>General Procedures</u>. If the Company is required to effect the Registration of Registrable Securities, the Company shall use its commercially reasonable efforts to effect such Registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof, and pursuant thereto the Company shall, as expeditiously as possible:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 Subject to Section 2 above, prepare and file with the Commission as soon as practicable a Registration Statement with respect to such Registrable Securities and use its commercially reasonable efforts to cause such Registration Statement to become effective and remain effective until all Registrable Securities covered by such Registration Statement have been sold;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 prepare and file with the Commission such amendments and post-effective amendments to the Registration Statement, and such supplements to the Prospectus, as may be requested by any Signing Holder or as may be required by the rules, regulations or instructions applicable to the registration form used by the Company or by the Securities Act or rules and regulations thereunder to keep the Registration Statement effective until all Registrable Securities covered by such Registration Statement are sold in accordance with the intended plan of distribution set forth in such Registration Statement or supplement to the Prospectus;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 at least five (5) business days prior to filing a Registration Statement or Prospectus, or any amendment or supplement thereto, furnish without charge to each Holder included in such Registration, and, upon request, each such Holder's legal counsel, copies of such Registration Statement as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein), the Prospectus included in such Registration Statement (including each preliminary Prospectus), and such other documents as each Holder included in such Registration or the legal counsel for any such Holder may request in order to facilitate the disposition of the Registrable Securities owned by such Holder, which documents shall be subject to the reasonable review and comment of Holder and its counsel; provided, that the Company shall elect whether to incorporate any comments of Holder or its counsel in its sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.4 prior to any public offering of Registrable Securities, use its commercially reasonable efforts to take such action necessary to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other governmental authorities as may be necessary by virtue of the business and operations of the Company; *provided*, *however*, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify or take any action to which it would be subject to general service of process or taxation in any such jurisdiction where it is not then otherwise so subject;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.5 cause all such Registrable Securities to be listed on each securities exchange or automated quotation system on which similar securities issued by the Company are then listed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.6 provide a transfer agent or warrant agent, as applicable, and registrar for all such Registrable Securities no later than the effective date of such Registration Statement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.7 advise each seller of such Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for such purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal if such stop order should be issued;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.8 make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve (12) months beginning with the first day of the Company's first full calendar quarter after the effective date of the Registration Statement which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any successor rule promulgated thereafter by the Commission); 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;3.1.9 otherwise, in good faith, cooperate reasonably with, and take such customary actions as may reasonably be requested by the Holders, in connection with and to effect such Registration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Registration Expenses</u>. All Registration Expenses of all Registrations shall be borne in full by the Company. Notwithstanding the foregoing, it is acknowledged by the Signing Holders that the Holders shall bear all incremental selling expenses relating to the sale of Registrable Securities, brokerage fees, and, other than as set forth in the definition of "Registration Expenses," all reasonable fees and expenses of any legal counsel representing the Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Requirements for Participation</u>. Notwithstanding anything in this Agreement to the contrary, if any Holder does not provide the Company with its requested Holder Information, the Company may exclude such Holder's Registrable Securities from the applicable Registration Statement or Prospectus if the Company determines, based on the advice of counsel, that such information is necessary to effect the registration and such Holder continues thereafter to withhold such information. If a Holder does not respond to requests for Holder Information within 10 business days of outreach made by the Company addressed to the Holder at such Holder's address or contact information as set forth in the Company's books and records, then such Holder shall be deemed to have not provided the Company with its requested Holder Information until such Holder Information is provided. The exclusion of a Holder's Registrable Securities as a result of this <u>Section 3.3</u> shall not affect the registration of the other Registrable Securities to be included in such Registration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Suspension of Sales; Adverse Disclosure</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;3.4.1 Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.2 Subject to <u>Section 3.4.4</u>, if the filing, initial effectiveness or continued use of a Registration Statement in respect of any Registration at any time would (a) require the Company to make an Adverse Disclosure, (b) require the inclusion in such Registration Statement of financial statements that are unavailable to the Company for reasons beyond the Company's control, or (c) in the good faith judgment of the majority of the Directors, be detrimental to the Company and the majority of the Directors concludes as a result that it is advisable to defer such filing, initial effectiveness or continued use at such time, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement for the shortest period of time determined in good faith by the Company to be necessary for such purpose. In the event the Company exercises its rights under this <u>Section 3.4.2</u>, the Holders agree to suspend, immediately upon their receipt of the notice referred to above, their use of the Prospectus relating to any Registration in connection with any sale or offer to sell Registrable Securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.3 Subject to <u>Section 3.4.4</u>, during the period starting with the date sixty (60) days prior to the Company's good faith estimate of the date of the filing of, and ending on a date one hundred and twenty (120) days after the effective date of, a Company-initiated Registration and provided that the Company continues to actively employ, in good faith, all commercially reasonable efforts to maintain the effectiveness of the applicable Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.4 The right to delay or suspend any filing, initial effectiveness or continued use of a Registration Statement pursuant to <u>Section 3.4.2</u> or a registered offering pursuant to <u>Section 3.4.3</u> shall be exercised by the Company, in the aggregate, not more than two (2) times in any twelve-month period, and any such delay or suspension shall last for no more than thirty (30) consecutive days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.5 The Company shall as promptly as commercially practicable notify the Holders of the expiration of any period during which the Company exercised its rights under this <u>Section 3.4</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>Reporting Obligations</u>. As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell Company Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 (or any successor rule promulgated thereafter by the Commission), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

**Article IV**

**INDEMNIFICATION AND CONTRIBUTION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <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;4.1.1 The Company agrees to indemnify, to the extent permitted by law, each Holder, its officers, members, managers, and directors (if applicable) and each person who controls such Holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities and expenses (including attorneys' fees) resulting from any untrue statement of material fact contained in any Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as the same are caused by or contained in any information furnished in writing to the Company by such Holder expressly for use 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;4.1.2 In connection with any Registration Statement in which a Holder is participating, such Holder shall furnish to the Company in writing such information and affidavits as the Company reasonably requests for use in connection with any such Registration Statement or Prospectus (the "**Holder Information**") and, to the extent permitted by law, shall indemnify the Company, its directors and officers and agents and each person who controls the Company (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and expenses (including without limitation reasonable attorneys' fees) resulting from any untrue statement of material fact contained in the Registration Statement, Prospectus or preliminary Prospectus or any amendment thereof or supplement thereto or any omission of a material fact required to be stated therein or necessary to make the statements therein not misleading, but only to the extent that such untrue statement or omission is contained in any information or affidavit so furnished in writing by such Holder expressly for use therein; *provided*, *however*, that the obligation to indemnify shall be several, not joint and several, among such Holders of Registrable Securities, and the liability of each such Holder shall be in proportion to and limited to the net proceeds received by such Holder from the sale of Registrable Securities pursuant to such Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.3 Any person entitled to indemnification herein shall (i) give prompt written notice to the indemnifying party of any claim with respect to which it seeks indemnification (*provided* that the failure to give prompt notice shall not impair any person's right to indemnification hereunder to the extent such failure has not materially prejudiced the indemnifying party) and (ii) unless in such indemnified party's reasonable judgment a conflict of interest between such indemnified and indemnifying parties may exist with respect to such claim, permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the indemnified party. If such defense is assumed, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified party without its consent (but such consent shall not be unreasonably withheld). An indemnifying party who is not entitled to, or elects not to, assume the defense of a claim shall not be obligated to pay the fees and expenses of more than one counsel (plus local counsel) for all parties indemnified by such indemnifying party with respect to such claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between such indemnified party and any other of such indemnified parties with respect to such claim. No indemnifying party shall, without the consent of the indemnified party, consent to the entry of any judgment or enter into any settlement which cannot be settled in all respects by the payment of money (and such money is so paid by the indemnifying party pursuant to the terms of such settlement) or which settlement does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.4 The indemnification provided for under this Agreement shall remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer, director or controlling person of such indemnified party and shall survive the transfer of securities. The Company and each Holder participating in an offering also agree to make such provisions as are reasonably requested by any indemnified party for contribution to such party in the event the Company's or such Holder's indemnification is unavailable for any reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.5 If the indemnification provided under <u>Section 4.1</u> hereof from the indemnifying party is unavailable or insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities and expenses referred to herein, then the indemnifying party, in lieu of indemnifying the indemnified party, shall contribute to the amount paid or payable by the indemnified party as a result of such losses, claims, damages, liabilities and expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying party and the indemnified party, as well as any other relevant equitable considerations. The relative fault of the indemnifying party and indemnified party shall be determined by reference to, among other things, whether any action in question, including any untrue statement of a material fact or omission or alleged omission to state a material fact, was made by, or relates to information supplied by, such indemnifying party or indemnified party, and the indemnifying party's and indemnified party's relative intent, knowledge, access to information and opportunity to correct or prevent such action; *provided*, *however*, that the liability of any Holder under this <u>Section 4.1.5</u> shall be limited to the amount of the net proceeds received by such Holder in such offering giving rise to such liability. The amount paid or payable by a party as a result of the losses or other liabilities referred to above shall be deemed to include, subject to the limitations set forth in <u>Sections 4.1.1</u>, <u>4.1.2</u> and <u>4.1.3</u> above, any legal or other fees, charges or expenses reasonably incurred by such party in connection with any investigation or proceeding. The parties hereto agree that it would not be just and equitable if contribution pursuant to this <u>Section 4.1.5</u> were determined by pro rata allocation or by any other method of allocation, which does not take account of the equitable considerations referred to in this <u>Section 4.1.5</u>. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution pursuant to this <u>Section 4.1.5</u> from any person who was not guilty of such fraudulent misrepresentation.

**Article V**

**MISCELLANEOUS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Notices</u>. All notices, consents, waivers and other communications hereunder shall be in writing and shall be deemed to have been duly given when delivered (i) in person, (ii) by electronic mail, with affirmative confirmation of receipt, (iii) two (2) business days after being sent, if sent by reputable, internationally recognized overnight courier service or (iv) four (4) business days after being mailed, if sent by registered or certified mail, pre-paid and return receipt requested, in each case to the applicable party at the following addresses (or at such other address for a party as shall be specified by like notice). Any notice or communication under this Agreement must be addressed, if to any Holder, at such Holder's address or contact information as set forth in the Company's books and records if the Holder has made such information available to the Company, and, if to the Company, at the address set forth below. Any party may change its address for notice at any time and from time to time by written notice to the other parties hereto, and such change of address shall become effective thirty (30) days after delivery of such notice as provided in this <u>Section 5.1</u>.

If to the Company, to:

NANO Nuclear Energy Inc.

10 Times Square, 30<sup>th</sup> Floor

New York, NY 10018

Attn: Oscar Leandro

Email: oscar@nanonuclearenergy.com

with a copy (which shall not constitute notice) to:

Pillsbury Winthrop Shaw Pittman LLP

1200 Seventeenth Street NW

Washington, DC 20036

Attention: Elina Teplinsky

E-mail: Elina.teplinsky@pillsburylaw.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Assignment; Third Party Beneficiaries</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.1 This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole or in part.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.2 This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties and its successors and the permitted assigns of the Signing Holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.3 The Holders shall be third party beneficiaries to the agreements made hereunder between the Company, on the one hand, and the Signing Holders, on the other, and shall have the right to enforce such agreements directly to the extent they may deem such enforcement necessary or advisable to protect their rights or the rights of Holders hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2.4 This Agreement shall not confer any rights or benefits on any persons that are not parties hereto, other than as expressly set forth in this Agreement and <u>Section 5.2</u> 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;5.2.5 No assignment by any party hereto of such party's rights, duties and obligations hereunder shall be binding upon or obligate the Company unless and until the Company shall have received (i) written notice of such assignment as provided in <u>Section 5.1</u> hereof and (ii) the written agreement of the assignee, in a form reasonably satisfactory to the Company, to be bound by the terms and provisions of this Agreement (which may be accomplished by an addendum or certificate of joinder to this Agreement). Any transfer or assignment made other than as provided in this <u>Section 5.2</u> shall be null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Counterparts</u>. This Agreement may be executed in multiple counterparts and delivered electronically (including facsimile or PDF counterparts), each of which shall be deemed an original, and all of which together shall constitute the same instrument, but only one of which need be produced.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Governing Law; Venue</u>. NOTWITHSTANDING THE PLACE WHERE THIS AGREEMENT MAY BE EXECUTED BY ANY OF THE PARTIES HERETO, THE PARTIES EXPRESSLY AGREE THAT (I) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO THE CONFLICT OF LAW PROVISIONS OF SUCH JURISDICTION AND (II) THE VENUE FOR ANY ACTION TAKEN WITH RESPECT TO THIS AGREEMENT SHALL BE ANY STATE OR FEDERAL COURT IN NEW CASTLE COUNTY IN THE STATE OF DELAWARE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>Trial By Jury</u>. EACH PARTY HERETO 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 APPLICABLE LAW, ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY ACTION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>Amendments and Modifications</u>. Upon the written consent of the Company and the Signing Holders of at least a majority in interest of the Registrable Securities held by the Signing Holders at the time in question, compliance with any of the provisions, covenants and conditions set forth in this Agreement may be waived, or any of such provisions, covenants or conditions may be amended or modified; *provided*, *however*, that notwithstanding the foregoing, any amendment hereto or waiver hereof that adversely affects one Holder, solely in its capacity as a holder of the shares of capital stock of the Company, in a manner that is materially different from the other Holders (in such capacity) shall require the consent of the Holder so affected. No course of dealing between any Signing Holder or the Company and any other party hereto or any failure or delay on the part of a Signing Holder or the Company in exercising any rights or remedies under this Agreement shall operate as a waiver of any rights or remedies of any Holder or the Company. No single or partial exercise of any rights or remedies under this Agreement by a party shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder or thereunder by such party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>Term</u>. The rights under this Agreement of any Holder shall terminate on the date that such Holder no longer holds any Registrable Securities. The provisions of <u>Article IV</u> shall survive any termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.8 <u>Holder Information</u>. Each Holder agrees, if requested in writing, to represent to the Company the total number of Registrable Securities held by such Holder in order for the Company to make determinations hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.9 <u>Remedies</u>. Each Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. The Company acknowledges that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Agreement and the Company hereby agrees to waive the defense in any action for specific performance that a remedy at law would be adequate.

**[***Signature Page Follows***]**

**IN WITNESS WHEREOF**, the undersigned have caused this Agreement to be executed as of the date first written above.

---

| | | |
|:---|:---|:---|
|  | **<u>COMPANY</u>**: | **<u>COMPANY</u>**: |
|  | **NANO NUCLEAR ENERGY Inc.**, | **NANO NUCLEAR ENERGY Inc.**, |
|  | a Nevada corporation | a Nevada corporation |
|  | By: | */s/ James Walker* |
|  | Name: | James Walker |
|  | Title: | Chief Executive Officer |
|  | **<u>Signing Holders</u>**: | **<u>Signing Holders</u>**: |
|  | **ROY A. BOYD, II**, | **ROY A. BOYD, II**, |
|  | an individual | an individual |
| | */s/ Roy A. Boyd, II* | */s/ Roy A. Boyd, II* |
|  | **ONIUM CAPITAL, LLC**, | **ONIUM CAPITAL, LLC**, |
|  | a Georgia limited liability company | a Georgia limited liability company |
|  | By: | */s/ Roy A. Boyd, II* |
|  | Name: | Roy A. Boyd, II |
|  | Title: | Member |

---

[Signature Page To registration Rights Agreement]

## Exhibit 10.3

**Exhibit 10.3**

**FORM OF EQUITYHOLDER RESTRICTIVE COVENANT AGREEMENT**

THIS EQUITYHOLDER RESTRICTIVE COVENANT AGREEMENT (this "<u>Agreement</u>") is made as of May 22, 2026, by and between Advanced Fuel Transportation Inc., a Nevada corporation (the "<u>Buyer</u>") and [●](the "<u>Equityholder</u>"). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Purchase Agreement (as defined below).

**RECITALS**

<u>WHEREAS</u>, the Equityholder is a [member of Onium Capital, LLC, a Georgia limited liability company ("<u>Onium</u>"), which is a] member of Secured Transportation Services LLC, a Delaware limited liability company (the "<u>Company</u>");

<u>WHEREAS</u>, pursuant to (i) that certain Membership Interest Purchase Agreement, dated as of May 22, 2026, by and among Onium Capital, LLC, a Georgia limited liability company ("<u>Onium</u>"), Roy A. Boyd, II (together with Onium, the "<u>Sellers</u>"), the Company, the Buyer, and Nano Nuclear Energy Inc., a Nevada corporation (the "<u>Parent</u>" and, together with the Buyer and each of the Parent's and the Buyer's Affiliates (including the Company), each a "<u>Buyer Party</u>" and collectively, the "<u>Buyer Parties</u>") (the "<u>Purchase Agreement</u>"), the Buyer will purchase from the Sellers all of the Sellers' equity interests in the Company (the "<u>Transaction</u>");

<u>WHEREAS</u>, the Equityholder will receive a substantial financial benefit from the Transaction; and

<u>WHEREAS</u>, the Transaction is conditioned upon the execution and delivery of this Agreement and the parties hereto are willing to execute this Agreement and be bound by the provisions hereof.

<u>NOW, THEREFORE</u>, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged by the parties hereto, effective as of and contingent upon the Closing of the Transaction, the parties hereto hereby agree as follows:

<u>Section 1.</u> <u>Confidentiality.</u>

The Equityholder will hold, and will cause its Affiliates and partners, principals, directors, officers, equityholders, managers, employees, and other authorized Persons who receive Confidential Information (as defined below) and direct its counsel and accountants (together with such partners, principals, directors, officers, equityholders, managers, employees and other authorized Persons, collectively, their "<u>Representatives</u>") to hold, all documents or information disclosed or otherwise made available by inspection, observation or otherwise concerning the Buyer Parties (such information, the "<u>Confidential Information</u>") furnished to the Equityholder, in each case, whether disclosed in writing, orally, electronically or otherwise, in connection with the transactions contemplated by the Purchase Agreement, in strict confidence (outside the course of performing authorized duties on behalf of any Buyer Party or their Affiliates, to the extent the Equityholder is engaged or employed thereby), unless compelled to disclose by judicial or administrative process, or, in the opinion of its counsel, by other requirements of applicable Laws or except to the extent that the Confidential Information can be shown to have been (a) in the public domain or is generally available to and known by the public other than as a result of disclosure by the Equityholder in violation of this Agreement, (b) later lawfully acquired by the Equityholder from other sources not under an obligation of confidentiality to any Buyer Party with respect to the Confidential Information, or (c) developed by the Equityholder independently and without reference to any Confidential Information; and will not disclose such information to any third party, except to its Representatives in connection with the Purchase Agreement. The parties agree that all information obtained in connection with the Purchase Agreement, the Transaction Documents and the transactions contemplated thereby (but subject to the provisions of subsections (a), (b) and (c) in the immediately preceding sentence) shall be kept confidential in accordance with the provisions of this <u>Section 1</u>. If the Equityholder becomes compelled in any Action (other than an Action between or among the parties hereto or to the Purchase Agreement) or is requested by a Governmental Authority having regulatory jurisdiction over the transactions contemplated under the Purchase Agreement to make any disclosure that is prohibited or otherwise constrained by this <u>Section 1</u>, the Equityholder shall provide Parent with prompt notice of such compulsion or request to the extent permissible under applicable Law so that Parent may (i) seek an appropriate protective order or other appropriate remedy, in each case, at Parent's sole expense or (ii) waive compliance with the provisions of this <u>Section 1</u>. In the absence of a protective order or other remedy, or an agreement between the Equityholder and the Buyer, the Equityholder may disclose that portion (and only that portion) of the Confidential Information that, based upon the reasonable advice of the Equityholder's counsel, the Equityholder is legally compelled to disclose, or that has been requested by such Governmental Authority; provided, however, that the Equityholder shall use commercially reasonable efforts (but, for avoidance of doubt, at no expense to the Equityholder) to obtain reasonable assurance that confidential treatment will be afforded by any Person to whom any Confidential Information is so disclosed.

<u>Section 2.</u> <u>Non-Compete.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise provided in subparagraph (b) below, the Equityholder shall not, and shall cause its Affiliates not to, in any manner whatsoever during the period from the Closing Date to and including the fifth (5<sup>th</sup>) anniversary of the Closing Date (the "<u>Restricted Period</u>"), without the prior written consent of Parent (which Parent may withhold in its sole discretion), anywhere in the United States or in any other country or jurisdiction in which, as of the date hereof, the Company Group is engaged, or reasonably anticipates to be engaged, in the Restricted Business (as defined below) (such territory referred to herein as the "<u>Restricted Territory</u>"), either individually or in partnership or jointly or in conjunction with any other Person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) directly or indirectly carry on, engage in, provide services to, support or assist (as principal, beneficiary, director, equityholder, partner, nominee, executor, trustee, agent, servant, employee, consultant, independent contractor, supplier, lender, guarantor, financier or in any other capacity whatsoever) any Person to carry on, engage in, provide services to or assist in the Restricted Business; and, as used herein, "<u>Restricted Business</u>" means any business involving (i) nuclear logistics, including the packaging, transport or handling of nuclear or radiological materials, (ii) spent fuel and decommissioning transport, (iii) fuel-cycle intermediary transportation, and (iv) consulting, auditing or training services related to nuclear or radiological materials or operations.

&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) have any direct or indirect ownership or other economic interest (as principal, beneficiary, director, equityholder, partner, nominee, executor, trustee, agent, servant, employee, consultant, independent contractor, supplier, lender, guarantor, financier or in any other capacity whatsoever) in or with any Person engaged in or reasonably anticipated to be engaged in the Restricted Business.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding any provisions or restrictions contained in this <u>Section 2</u>, nothing in this <u>Section 2</u> shall prohibit or restrict the Equityholder or its Affiliates from (i) owning as a passive investment less than three percent (3%) in the aggregate of (A) the publicly traded securities of any entity or (B) securities of any investment fund engaged in or reasonably anticipated to be engaged in the Restricted Business, provided that neither the Equityholder nor its Affiliates provide any services to such entity or fund or any Affiliate thereof (whether as an employee, consultant, advisor or otherwise), or (ii) engaging in any Permitted Outside Activities (as defined below) so long as such activities do not otherwise violate the terms of this Section 2 and, in the course of such activities, Equityholder and its Affiliates otherwise comply with all of the obligations in this Agreement, including, but not limited to, those set forth in Sections 1 - 3. As used herein, "<u>Permitted Outside Activities</u>" means participating in the management of (i) Onium Machine and Fabrication, LLC ("<u>OMF</u>", Onium, and Connect Consulting, LLC ("CC LLC"; and with OMF and Onium, collectively the "<u>Equityholder Affiliated Entities</u>, each of which is owned as of the date hereof directly or indirectly by the Equityholder or [his/her/its] Affiliates; provided, however, that management of such entity does not compete with the Restricted Business; for avoidance of doubt, it is agreed by Buyer Parties that the following business activities by the <u>Equityholder Affiliated Entities</u> are expressly Permitted Outside Activities hereunder and shall not be prohibited by the terms of this Agreement nor be the basis for any claim by Buyer Parties hereunder: (i) marketing, sales, design, manufacture, distribution and other services for cask or basket system support related to the storage, transportation, and potential disposal of nuclear or radiological materials, and (ii) marketing, sales, design, manufacture, distribution and other services related to the projects, programs and opportunities of the Equityholder Affiliated Entities, both existing and in the future, so long as such are not expressly included in the definition of Restricted Business hereunder.

<u>Section 3.</u> <u>Non-Solicit.</u>

During the Restricted Period, the Equityholder shall not, and shall cause its Affiliates not to, either individually or in partnership, jointly or in conjunction with any other Person, directly or indirectly:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) solicit, hire, engage, retain the services of (as an employee, consultant, independent contractor or otherwise) any individuals who were equityholders, employees, consultants or independent contractors of the Buyer Parties as of the Closing, without the prior written consent of the Buyer, provided that the foregoing shall not apply (i) to general advertising, web postings or a solicitation program (including through search firms) that are not specifically targeted at the Buyer Parties' employees, consultants or independent contractors and any hiring, engaging or retaining of services of Persons who respond to such advertising, postings or programs, or (ii) to the hiring or engagement of any person whose employment or engagement as a consultant or independent contractor was terminated by a Buyer Party more than twelve (12) months prior to such hire or engagement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) solicit, induce, entice or procure, or endeavor to solicit, induce, entice or procure any customer or supplier or prospective customer or supplier of a Buyer Party that was a customer or supplier of a Buyer Party, or was an actively pursued prospective customer or supplier, during the twelve (12) month period prior to the Closing in order to sell or offer to sell to such customer or prospective customer, or obtain from such supplier or prospective supplier, in any case, the same, similar or related products or services as the Restricted Business; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) solicit, induce, entice or procure, or endeavor to solicit, induce, entice or procure any customer or supplier or prospective customer or supplier of a Buyer Party that was a customer or supplier of a Buyer Party, or was an actively pursued prospective customer or supplier, during the twelve (12) month period prior to the Closing to cease doing business, or cease, alter or limit its business relationship, with a Buyer Party, or to otherwise intentionally interfere with the business relationship between a Buyer Party and any such customer or supplier, as applicable.

<u>Section 4.</u> <u>Non-Disparagement.</u>

During the Restricted Period, the Equityholder shall not at any time make statements, representations, or other communications, directly or indirectly, in writing, orally or otherwise, or take any action, that may, directly or indirectly, disparage or be damaging to the business or reputation of the Buyer Parties or any of their respective Representatives or businesses. Notwithstanding the foregoing, it shall not constitute a violation of this <u>Section 4</u> for the Equityholder to make truthful statements that are required or authorized by applicable Law (including whistleblower Laws), regulation or subpoena or other legal process, or in connection with any Action or other dispute between or among the parties hereto or to the Purchase Agreement.

<u>Section 5.</u> <u>Third Party Beneficiaries.</u>

The Equityholder agrees that (a) the Buyer Parties shall have the right to enforce the Equityholder's obligations under this Agreement, it being understood that each of the Buyer Parties is an express third party beneficiary of this Agreement, and (b) no claimed breach of this Agreement, the Transaction Documents or any other ancillary document, or change in the nature or scope of the Equityholder's relationship with the Buyer Parties shall operate to excuse the Equityholder from the performance of his, her or its obligations under this Agreement.

<u>Section 6.</u> <u>Reasonableness of Covenants.</u>

The Equityholder acknowledges and agrees that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Sections 1-4</u> are reasonable in the circumstances and are necessary to protect the value of the business acquired by the Buyer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Equityholder will receive a substantial financial benefit as a result of the transactions contemplated by the Purchase Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Sections 1-4</u> are a material inducement for the Buyer to enter into the Purchase Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the breach by the Equityholder of any of the provisions of <u>Sections 1-4</u> may cause serious and irreparable harm to the Buyer Parties which may not adequately be compensated for in damages;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the principles of law to be applied to the interpretation of <u>Sections 1-4</u> are those that generally apply to restrictive covenants given by a seller on the sale of a business; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the Buyer Parties shall be entitled to seek an order specifically enforcing the provisions of <u>Sections 1-4</u>, or an order of injunction being issued against it restraining it from any breach of such provisions without the necessity of posting any bond therefor. The provisions of this <u>Section 6</u> shall not derogate from any other remedy which the Buyer Parties may have in the event of such a breach (including, without limitation, money damages from the Equityholder).

<u>Section 7.</u> <u>Miscellaneous</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Waiver</u>. Any failure of the Equityholder to comply with any of its obligations or agreements herein contained may be waived only in writing by the Buyer. Any failure of the Buyer to comply with any of its obligations or agreements herein contained may be waived only in writing by the Equityholder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Governing Law; Venue</u>. This Agreement and any claim or controversy arising hereunder or in connection herewith, whether sounding in contract or tort, and whether brought at law or in equity, shall be governed by and construed in accordance with the internal substantive laws of the State of Delaware, regardless of the choice of law rules of any jurisdiction. Any legal action or other Action relating to this Agreement or the enforcement of any provision of this Agreement shall be brought or otherwise commenced exclusively in any state or federal court located in the State of Delaware, and the parties expressly and irrevocably consent and submit to such jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Jury Trial Waiver</u>. EACH PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION (WHETHER BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTION DOCUMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Similar Restrictions in Other Agreements</u>. The restrictions contained in this Agreement shall operate independently from any similar restrictions contained in any other agreement between the Equityholder and a Buyer Party, the Company, or any of their respective Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Counterparts</u>. This Agreement may be executed in any number of counterparts (including by facsimile signature), each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Amendment and Modification</u>. This Agreement may be amended or modified only by written agreement of the parties hereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Binding Effect</u>. This Agreement shall inure to the benefit of and be binding upon the parties and their respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Opportunity to Consult with Independent Counsel; No Coercion; Non-Reliance</u>.

THE EQUITYHOLDER ACKNOWLEDGES THAT THE EQUITYHOLDER HAS BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT AND HAS BEEN GIVEN SUFFICIENT TIME TO CONSIDER THIS AGREEMENT AND TO SEEK INDEPENDENT LEGAL OR OTHER ADVICE AS IT DEEMS APPROPRIATE. THE EQUITYHOLDER FURTHER ACKNOWLEDGES AND AGREES THAT THE EQUITYHOLDER (I) HAS FULLY READ, KNOWS AND UNDERSTANDS THIS AGREEMENT, (II) HAS NOT RELIED UPON ANY INDUCEMENTS, PROMISES OR REPRESENTATIONS MADE BY ANYONE EXCEPT AS EXPRESSLY SET FORTH HEREIN OR IN THE TRANSACTION AGREEMENTS, AND (III) IS ENTERING INTO THIS AGREEMENT AND IS EXECUTING THIS AGREEMENT VOLUNTARILY OF THE EQUITYHOLDER'S OWN FREE WILL, WITHOUT ANY THREATS, COERCION OR DURESS, WHETHER ECONOMIC OR OTHERWISE, HAVING BEEN MADE TO THE EQUITYHOLDER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Severability; Modification</u>. Any provision of this Agreement which is invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this Agreement invalid, illegal or unenforceable in any other jurisdiction. Further, if a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in <u>Sections 1-5</u> of this Agreement is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic 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. This Agreement will be enforceable as so modified after the expiration of the time within which the judgment may be appealed.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the parties hereto have executed this Equityholder Restrictive Covenant Agreement as of the day and year first above written.

---

| |
|:---|
| <u>BUYER</u> |
| ADVANCED FUEL TRANSPORTATION INC. |
| By: |
| Name: |
| Title: |
| <u>EQUITYHOLDER</u> |
| [_____________] |
| [By:] |
| [Name] |
| [Title] |

---

*[Signature Page to Equityholder Restrictive Covenant Agreement – [Name]]*

## Exhibit 10.4

**Exhibit 10.4**

*Execution Version*

**<u>EXECUTIVE EMPLOYMENT AGREEMENT</u>**

This Employment Agreement (this "<u>Agreement</u>") is entered into as of May 22, 2026, by and between Roy Boyd ("<u>Executive</u>"), Secured Transportation Services LLC, a Delaware limited liability company (the "<u>Company</u>"), and NANO Nuclear Energy Inc., a Nevada corporation ("<u>Parent</u>").

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

WHEREAS, the Company expects to enter into that certain Membership Interest Purchase Agreement, on or about May 22, 2026 (the "<u>Purchase Agreement</u>"), by and among (i) Executive, (ii) Onium Capital, LLC, a Georgia limited liability company (together with Executive, the "<u>Sellers</u>"), (iii) the Company, (iv) Advanced Fuel Transportation Inc., a Nevada corporation ("<u>AFT</u>"), and (v) Parent, pursuant to which the Sellers will sell to AFT all of the issued and outstanding membership interests in the Company (the "<u>Acquisition</u>");

WHEREAS, Executive and the Company are currently parties to that certain Employment Agreement, dated as of July 21, 2021 (the "<u>Prior Agreement</u>"), setting forth certain terms and conditions of Executive's employment with the Company;

WHEREAS, in connection with, and conditioned upon the consummation of, the Acquisition, the Company and Executive desire to enter into this Agreement to reflect Executive's continued employment with the Company effective as of the closing date of the Acquisition (the "<u>Effective Date</u>");

WHEREAS, effective as of the Effective Date, this Agreement shall govern the terms and conditions of Executive's continued employment with the Company;

WHEREAS, this Agreement, subject to the consummation of the Acquisition, shall supersede any and all prior and contemporaneous, oral or written, agreements or contracts between Executive and the Company or any predecessor thereof concerning the subject matter hereof, including the Prior Agreement; and

WHEREAS, if the Acquisition is not consummated for any reason, then this Agreement shall be void *ab initio* and shall be of no effect.

NOW THEREFORE, in consideration of the foregoing recitals and the mutual covenants set forth herein and other good and valuable consideration, the receipt and sufficiency of which the parties acknowledge, the Company and Executive, intending to be legally bound, hereby agree as follows:

1. Employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 <u>Position; Duties; Responsibilities</u>. Executive shall continue to be employed as the President of
 the Company, and shall oversee the transportation services provided by the Company and any
 of its current and future subsidiaries, reporting directly to the Chief Executive Officer
 (the " <u>CEO</u> ") of Parent. Executive shall have the job responsibilities typically
 associated with such position in similar capacities in similarly-sized companies and as may
 otherwise reasonably be assigned by the CEO of Parent that are not inconsistent with the
 Executive's position with the Company. Executive shall devote Executive's full
 business time and efforts to the faithful performance of Executive's duties on behalf
 of the Company Group (as defined below). Executive shall not engage in additional gainful
 employment or undertake any role or position, whether or not for compensation, with any person
 or entity during the Term (as defined below) that would materially interfere with Executive's
 obligations to the Company Group; <u>provided</u>, that Executive may (a) continue to serve
 on any civic or charitable boards on which Executive is currently serving as of the Effective
 Date; (b) volunteer, act or perform services for charitable organizations; and (c) manage
 Executive's other business interests, including personal investments and investment
 assets, participate in the management of Onium Machine and Fabrication, LLC, Onium Capital,
 LLC, and Connect Consulting, LLC, each of which is owned as of the date hereof directly or
 indirectly by Executive or his affiliates and (d) invest in public or private companies or
 investment funds, provided that such ownership represents a passive investment of not more
 than three percent (3%) of the equity securities of such company or fund, provided that neither
 the Executive nor his affiliates provide any services to such entity or fund or any affiliate
 thereof (whether as an employee, consultant, advisor or otherwise) (the items in clauses
 (a), (b), (c) and (d) referred to collectively as the " <u>Permitted Outside Activities</u> ").
 Notwithstanding the foregoing (i) Executive's engagement in the Permitted Outside Activities
 must not materially interfere with the performance of the Executive's duties and responsibilities
 to the Company as provided hereunder, and (ii) Executive's engagement in the Permitted
 Outside Activities must not violate Executive's obligations set forth in <u>Section 5</u> of this Agreement, or any other similar obligations set forth in any other agreement
 to which Executive is subject vis-à-vis the Company Group, and Executive must at all
 times comply with <u>Section 4</u> of this Agreement and any other similar obligations set
 forth in any other agreement to which Executive is subject vis-à-vis the Company Group.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 <u>Location</u>.
 Executive will continue to render services to the Company primarily at the Company's
 offices in Winder, Georgia; <u>provided</u>, <u>however</u>, that Executive may perform the
 services under this Agreement from any location or region wherein the Company operates, or
 as otherwise consented to in advance by the CEO of Parent in writing. The Company reserves
 the right to require Executive to temporarily perform Executive's duties at places
 other than Executive's primary location from time to time, provided the Company provides
 reasonable advance written notice, and to require reasonable business travel (collectively
 " <u>Business Travel</u> ").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 <u>Employment Term</u>. Commencing on the Effective Date, Executive shall serve as President of the Company
 and shall continue for an initial period of five (5) years from the Effective Date (the " <u>Initial Term</u> "), and then continue thereafter for successive one (1)-year periods (each,
 a " <u>Successive Term</u> "), in each case subject in all respects to <u>Section 3</u> (the actual period during which Executive is employed by the Company (or a subsidiary
 or successor thereof) commencing on the Effective Date, the " <u>Term</u> "), expressly
 including the Company's obligation to pay, if due under <u>Section 3</u>, Accrued Compensation
 and Severance Benefits (each as defined in <u>Section 3</u> below). If either party wishes
 to terminate this Agreement (a) upon the expiration of the Initial Term for any reason (such
 termination, a " <u>Nonrenewal Termination</u> "), or (b) during any Successive
 Term for any reason, in each case, the applicable party must provide at least sixty (60)
 days' written notice to the other party; <u>provided</u>, that the Company may, in
 its sole discretion, place Executive on garden leave for all or a portion of, or terminate
 Executive's employment at any time during, such sixty (60)-day period and pay out the
 remaining portion thereof (and such earlier termination, if during the Initial Term, shall
 also be deemed a Nonrenewal Termination). Notwithstanding anything herein to the contrary,
 the parties agree that Executive's continued employment with the Company shall at all
 times be "at-will" and may be terminated by either party, at any time, with or
 without Cause (as defined below), subject to the notice and other obligations set forth in
 this <u>Section 1.3</u> or <u>Section 3</u> below, as applicable. Regardless of any changes
 in Executive's duties, title, compensation and benefits, as well as the Company's
 personnel policies and procedures, the "at-will" nature of Executive's
 employment shall not change.

2. <u>Compensation; Benefits.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Base Annual Salary</u>. Executive shall receive an annual Base Salary of $350,000, payable in
 accordance with the Company's normal payroll procedures, but not less frequently than
 monthly. The Company may increase, but not decrease, Executive's Base Salary during
 Executive's employment, other than a reduction that is implemented in connection with
 a contemporaneous and proportionate reduction in annual base salaries affecting other executives
 of the Company. Executive's Base Salary shall be subject to all applicable federal
 and state withholding taxes. As used herein, " <u>Base Salary</u> " shall mean
 Executive's current base salary at the time of the applicable employment event, as
 may be adjusted by the CEO of Parent from time to time in accordance with the terms of this
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Bonus</u>.
 Executive will be eligible to receive an annual target performance bonus equal to forty percent
 (40%) of Executive's then-current Base Salary, with a maximum potential bonus equal
 to sixty percent (60%) of Executive's then-current Base Salary (the actual amount earned
 in accordance with this <u>Section 2.2</u>, the " <u>Bonus</u> ") for each calendar
 year during the Term based on certain performance metric categories as follows: (a) operational
 efficiency metrics (e.g., on-time delivery, cost per shipment, and warehouse efficiency);
 (b) strategic initiatives metrics (e.g., successful implementation of new systems, automation,
 and sustainability projects); (c) team development and retention metrics (e.g., retention,
 training, and promotion of logistics team members); (d) financial performance metrics (e.g.,
 cost savings, margin improvement, and revenue growth); and (e) individual performance metrics
 (each of the foregoing categories, collectively, the " <u>Bonus KPIs</u> "). The
 specific performance criteria with respect to the Bonus KPIs will be determined in good faith
 by the Company and communicated to Executive within ninety (90) days of the commencement
 of the applicable calendar year (or, with respect to the 2026 calendar year, within ninety
 (90) days following the Effective Date). The Bonus KPIs shall be weighed equally (i.e., twenty
 percent (20%) each) for purposes of calculating the Bonus hereunder. The extent to which
 the Bonus KPIs are satisfied for each calendar year shall be determined by an authorized
 representative of Parent in his, her or its sole discretion as exercised in good faith. Subject
 to <u>Section 3</u>, Executive must remain employed on the payment date in order to receive
 his Bonus (if any), which shall be paid to Executive, if earned, at the same time as the
 Company pays annual bonuses to its other executives, but in any event no later than March
 15th of the calendar year following the applicable calendar year to which such Bonus relates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Equity Compensation</u>. Subject to the approval of the Board of Directors (or a committee thereof)
 of the Parent (the " <u>Parent Board</u> "), Executive shall be eligible to receive
 an award under the Parent's 2025 Equity Incentive Plan (the " <u>Parent Equity Plan</u> ") as determined by the Parent Board in its sole discretion. The terms and
 conditions of such award, if any, shall be governed by the applicable award documents approved
 by the Parent Board and as provided to Executive under separate cover.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Expenses</u>.
 The Company shall continue to reimburse Executive for all reasonable Business Travel and
 other business expenses incurred by Executive in the course of performing Executive's
 duties to the Company subject to the expense reimbursement policies of the Company as they
 may be in effect from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Benefits</u>.
 Executive shall be eligible, at Executive's election, to participate in all benefit
 plans and programs generally available to other similarly situated Company executives, and
 as such plans may be amended from time to time. Executive's participation in any benefit
 plan or program will be subject to the eligibility requirements and the terms and conditions
 of the applicable plans. The Company may, in its sole discretion and from time to time, amend,
 suspend or eliminate broad-based benefit plans or programs as it deems appropriate so long
 as such amendment, suspension or termination affects all of the Company's similarly
 situated executives. Notwithstanding anything to the contrary contained herein, during the
 Term, with respect to any group medical, dental, and vision insurance benefits the Company
 offers from time to time, the Company agrees to pay 100% of the monthly premium costs for
 Executive's individual coverage.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Paid Time Off</u>. Executive will continue to be entitled to flexible paid time off pursuant to
 the Company's Paid Time Off policy. The Company, however, in its sole discretion may
 revise this policy or implement a new policy at any time, in its sole discretion, in the
 future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Life Insurance</u>. During the Term, the Company shall pay all premiums on behalf of Executive
 due or coming due with respect to that certain life insurance policy with Prudential Insurance,
 Policy # L8673226, attached hereto as <u>Exhibit A</u> (the " <u>Life Insurance Policy</u> ").
 Executive and his successors and beneficiaries may not amend, modify or supersede the Life
 Insurance Policy without the prior written consent of an authorized officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>Indemnification</u>.
 Executive shall be indemnified under the applicable Company Group policy with respect to
 directors' and officers' indemnification as the same may be amended from time
 to time, and Executive shall be covered by the directors' and officers' liability
 insurance that is maintained by such member of the Company Group, as amended from time to
 time, in each case under which the Company Group's other similarly situated executives
 are covered.

3. <u>Termination</u>. The Company or Executive may terminate this Agreement and Executive's employment at any time (subject to any prior notice requirement under <u>Section 1.3</u> or this <u>Section 3</u>), as provided below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Termination of Employment</u>. If Executive's employment is terminated by the Company or if Executive
 resigns, in each case for any reason, or if Executive's employment is terminated as
 a result of a Nonrenewal Termination, the Company shall pay Executive: (a) any unpaid Base
 Salary accrued through the date of termination; (b) benefits payable to Executive pursuant
 to the terms and conditions of any benefit plan or program in which Executive was a participant
 as of such termination, the right to which was vested on the date of Executive's termination
 under the terms and conditions of such plan or program; and (c) unreimbursed business expenses
 (collectively, the " <u>Accrued Compensation</u> "). Payment of the Accrued Compensation
 shall be made as part of Executive's final paycheck, except as may otherwise be provided
 under the terms of any applicable benefit plan or program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Termination by the Company for Cause</u>. The Company shall have the right to terminate Executive's
 employment and this Agreement immediately for any of the following reasons (each of which
 is referred to herein as " <u>Cause</u> "):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an
 act of dishonesty or moral turpitude on Executive's part which is intended to or results
 in Executive's personal enrichment or has or is likely to have an adverse effect upon
 the Company Group (or any of its or their assets);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive's
 conviction of, or plea of nolo contendere to, any felony or crime involving acts of fraud,
 theft or embezzlement by Executive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Executive's
 willful and repeated failure to perform Executive's duties or to comply with lawful
 directives of the CEO of Parent (other than as a result of Executive's physical or
 mental incapacitation) after written notice thereof and a reasonable opportunity to remedy
 such failure within thirty (30) days of such notice (if such failure can reasonably be remedied);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Executive's
 failure to comply with written policies of the Company that has or is likely to have a material
 adverse effect upon the Company Group (or any of its or their assets) after written notice
 thereof and a reasonable opportunity to remedy such failure within thirty (30) days of such
 notice (if such failure can reasonably be remedied);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Executive's
 gross negligence or willful misconduct in performing Executive's duties or conduct
 on the part of Executive that constitutes a breach of any fiduciary duty or duty of loyalty
 owed to the Company Group by Executive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Executive's
 breach of any material provision of this Agreement, including any breach by Executive of <u>Sections 4</u>, <u>5</u> and/or <u>6</u> of this Agreement or of any other restrictive
 covenant entered into between the Company or any other member of the Company Group and Executive,
 that remains uncured after written notice thereof and a reasonable opportunity to remedy
 such failure within thirty (30) days of such notice (if such failure can reasonably be remedied);
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Executive's
 breach of, or a breach by an affiliate of Executive of, or the Company's reasonable
 determination that Executive or one of his affiliates has breached, that certain Equityholder
 Restrictive Covenant Agreement, dated as of May 22, 2026, by and between Executive and AFT
 (the " <u>Equityholder Restrictive Covenant Agreement</u> "), that remains uncured
 after written notice thereof and a reasonable opportunity to remedy such failure within thirty
 (30) days of such notice (if such failure can reasonably be remedied).

If the Company terminates Executive's employment for any of the reasons set forth above, the Company shall pay Executive any Accrued Compensation through the date of termination, and the Company shall have no further obligations to Executive hereunder from and after the date of termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Termination by the Company without Cause or Resignation for Good Reason by Executive</u>. The Company
 shall have the right to terminate Executive's employment without Cause upon sixty (60)
 days prior written notice, and Executive may terminate Executive's employment for Good
 Reason (as defined below). For the avoidance of doubt, a Nonrenewal Termination will not,
 on its own, constitute a termination by the Company without Cause or a resignation by Executive
 for Good Reason, as applicable. In the event of a termination by the Company without Cause
 or resignation by Executive for Good Reason, the Company shall pay Executive any Accrued
 Compensation through the date of termination. In addition, subject to the provisions of <u>Section 3.7</u>, Executive shall be entitled to receive the following " <u>Severance Benefits</u> ":

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a
 severance payment equal to twelve (12) months of Base Salary, payable in equal installments
 in accordance with the Company's normal payroll practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 pro-rated Bonus for the year in which such termination occurs, which shall be calculated
 based on actual attainment of the Bonus KPIs, based on a fraction (i) the numerator of which
 shall be the number of full calendar days Executive was continuously employed by the Company
 during such year, and (ii) the denominator of which shall be the number of calendar days
 in such year, which shall be paid at the same time as annual bonuses are paid to executives
 of the Company generally; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 Executive timely elects continued coverage under COBRA, the Company shall pay one hundred
 percent (100%) of the Executive's medical insurance premiums under COBRA for twelve
 (12) months (the " <u>COBRA Coverage Period</u> "); <u>provided</u>, <u>however</u>,
 such health insurance premium payments shall cease if Executive receives substantially similar
 coverage from another company prior to the conclusion of the COBRA Coverage Period or if
 Executive ceases to be eligible for COBRA continuation for any reason.

For purposes of this Agreement, "<u>Good Reason</u>" shall mean Executive's resignation due to the occurrence of any of the following events, without Executive's written consent: (i) a material reduction in Executive's Base Salary or Bonus opportunity (other than a reduction that is implemented in connection with a contemporaneous and proportionate reduction in annual base salaries or annual bonus opportunities, as applicable, affecting other executives of the Company); (ii) a material reduction in Executive's title, authority, duties, or responsibilities (other than temporarily while Executive is physically or mentally incapacitated) with respect to Executive's role as President of the Company (including any subsidiaries thereof); (iii) the relocation of Executive's principal place of employment by more than thirty-five (35) miles and Executive is not afforded the opportunity to work remotely from Executive's home office location; or (iv) any material breach by Company of any material provision of any agreement between Executive and the Company or any other member of the Company Group, including this Agreement.

Executive cannot terminate employment for Good Reason unless (x) Executive has provided written notice to the Company of the existence of the circumstances providing grounds for termination for Good Reason within sixty (60) days of the earlier of (A) Executive's actual knowledge of the initial existence of such grounds or (B) when Executive should have reasonably been aware of the initial existence of such grounds, in each case which notice shall describe such circumstances in reasonable detail; (y) the Company fails to cure such circumstances within forty-five (45) days from the date on which such notice is provided to the Company (the "<u>Good Reason Cure Period</u>"); and (z) Executive does actually voluntarily terminate Executive's employment with the Company within thirty (30) days following the end of the Good Reason Cure Period.

Subject to <u>Section 3.7</u> below, the first severance payment shall be made on the next regularly scheduled payroll date following the date that the General Release (as defined below) becomes irrevocable and shall include payment of any amounts that would otherwise be due prior thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Termination Upon Death</u>. In the event that Executive's employment with the Company is terminated
 due to the death of Executive, the Company shall pay Executive's estate any Accrued
 Compensation through the date of death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>Termination Upon Disability</u>. In the event of the Disability (as defined below) of Executive, the
 Company may terminate Executive's employment hereunder by giving Executive not less
 than thirty (30) days' prior written notice of the effective date of termination and,
 in such event, the Company shall pay Executive any Accrued Compensation through the date
 of termination. For purposes of this Agreement, Executive's " <u>Disability</u> "
 means Executive's inability to perform the essential functions of Executive's
 position as a result of physical or mental illness or injury, as determined by the Company
 in its good faith judgment, for a period of one hundred twenty (120) consecutive days or
 one hundred eighty (180) non-consecutive days within a three hundred sixty-five (365)-day
 period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 <u>Change in Control Termination</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Notwithstanding
 any other provision contained herein, if the Executive's employment hereunder is terminated
 by the Executive for Good Reason or by the Company without Cause, in each case within twenty-four
 (24) months following a Change in Control, the Executive shall be entitled to receive the
 Accrued Compensation and subject to the Executive's compliance with <u>Section 3.7</u> of this Agreement, the Executive shall be entitled to receive the Severance Benefits in a
 single, lump-sum payment as soon as possible following the date that the General Release
 becomes effective and irrevocable in accordance with Section 3.7.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For
 purposes of this Agreement, " <u>Change in Control"</u> shall have the meaning
 set forth in the Parent Equity Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 <u>Release Required for Severance Benefits; Restrictive Covenant Compliance</u>. Executive agrees that,
 as a condition to receiving the Severance Benefits under <u>Section 3.3</u> or <u>Section 3.6</u>, as applicable, Executive shall execute and deliver a non-revocable separation agreement
 and general release provided by the Company (the " <u>General Release</u> ") within
 sixty (60) days following termination of employment. Failure to timely execute and return
 such General Release or the revocation of such General Release during the revocation period
 shall be a waiver by Executive of Executive's right to the Severance Benefits (which,
 for avoidance of doubt, shall not include any amounts required by law to be paid). In addition,
 the Severance Benefits are conditioned on Executive's compliance with <u>Sections 4</u>, <u>5</u>, and <u>6</u> of this Agreement, and the Company reserves the right to cease payment
 of the Severance Benefits in the event that Executive has breached <u>Sections 4</u>, <u>5</u>,
 or <u>6</u> of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 <u>Deferred Stock Consideration Under Purchase Agreement</u>. For avoidance of doubt, Executive and the
 Company Group acknowledge and agree that the Aggregate Post-Closing Stock Consideration (as
 defined in the Purchase Agreement) is subject to the terms and conditions set forth in the
 Purchase Agreement and not this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9 <u>Treatment of Incentive Equity Awards</u>. Notwithstanding anything herein to the contrary, the treatment
 of any incentive equity awards issued by any member of the Company Group to Executive in
 exchange for Executive's services to any member of the Company Group, whether such
 award(s) is (are) issued under the Parent Equity Plan or otherwise, in connection with a
 termination of Executive's employment or services shall be governed by the applicable
 plan document, award agreement(s) and any other applicable documents entered into by and
 between Executive and the applicable member of the Company Group evidencing such award(s),
 and nothing in this Agreement shall be construed as amending, modifying or superseding the
 treatment of such award(s) as provided in such documents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Confidentiality and Intellectual Property.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Confidential Information</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Non-Use and Non-Disclosure of Confidential Information</u>. Executive acknowledges that, during the Term, Executive may have access to and obtain "Confidential Information" (as defined below). Executive understands and acknowledges that at all times during the Term and thereafter, Executive shall hold in strict confidence the Company Group's Confidential Information, except solely to the extent necessary to perform Executive's obligations to the Company Group, or unless the CEO of the Parent (or his or her designee) expressly authorizes such disclosure or use in writing. Executive acknowledges that this restriction applies whether or not any such information is marked "confidential."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Definition of Confidential Information</u>. For purposes of this Agreement, "<u>Confidential Information</u>" means any information (i) relating to any member of the Company Group or that is provided to Executive by any member of the Company Group or in the possession of any member of the Company Group, in each case that is not generally known by persons not employed by the Company Group, or (ii) that Executive knows or reasonably should know is confidential, sensitive or proprietary in nature, including, without limitation, trade secrets, know-how, research, software, user code, data, databases, spreadsheets, compilations, passwords, plans, business plans, product plans, student information, alumni information, inventions, technology, designs, marketing, forecasts, market research, strategies, vendor agreements, equipment specifications, services, project details, contractor lists and information, supplier lists and information, business intelligence, supplier and contractor rates, hardware specifications, developments, processes, formulas, drawings, pricing strategies, sales methods, tax information, revenue figures, account information, development strategies and plans, credit information, financial information, financing arrangements, and other information that Executive observes, uses, receives, has access to, conceives or develops, in whole or in part, in connection with Executive's employment with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Defend Trade Secrets Act of 2016 Notification</u>. Notwithstanding the foregoing, non-compliance with the disclosure provisions of this Agreement will not subject Executive to criminal or civil liability under any federal or state trade secret law for the disclosure of a Company trade secret that is made: (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney in confidence solely for the purpose of reporting or investigating a suspected violation of law; (ii) in a complaint or other document filed in a lawsuit or other proceeding, provided that any complaint or document containing the trade secret is filed under seal; or (iii) to Executive's attorney representing him in a lawsuit for retaliation by the Company for reporting a suspected violation of law or to use the trade secret information in that court proceeding, provided that any document containing the trade secret is filed under seal and Executive does not disclose the trade secret, except pursuant to court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Inventions</u>.
 Executive is employed in a capacity such that Executive's responsibilities may include
 the making of technical contributions of value to the Company Group. Executive hereby assigns,
 conveys and transfers to the Company all rights, title and interest in such contributions
 and inventions made or conceived by Executive alone or jointly with others during Executive's
 employment which either (a) relate to the Company Group's actual business, (b) relate
 to any business which is actively planned by the Company Group during the Term, or (c) which
 were developed using Company Group resources or Confidential Information. Notwithstanding
 the foregoing, such assignment does not include the assignment of any contributions or inventions
 made or conceived by Executive (i) without the use of any Company Group resources or Confidential
 Information, (ii) solely outside of working hours, and (iii) which do not relate to the Company
 Group's actual business or any business actively planned by the Company Group during
 the Term. This assignment shall include (x) the right to file and prosecute patent applications
 on such inventions in any and all countries, (y) the patent applications filed and patents
 issuing thereon, and (z) the right to obtain copyright, trademark or trade name protection
 for any such work product. Executive shall promptly and fully disclose all contributions
 and inventions subject to assignment under this <u>Section 4.2</u> to the Company and assist
 the Company in obtaining and protecting the rights therein (including patents thereon), in
 any and all countries; provided, however, that said contributions and inventions will be
 the property of the Company, whether or not patented or registered for copyright, trademark
 or trade name protection, as the case may be. Notwithstanding the foregoing, the Company
 shall not have any right, title or interest in any work product or copyrightable work developed
 outside of work hours and without the use of any of the Company Group's resources that
 does not relate to the business of the Company Group and does not result from any work performed
 by Executive for the Company Group.

5. <u>Restrictive Covenants.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Non-Solicitation and Unfair Competition</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Executive
 agrees that, during the Term and for a period of one (1) year following the termination of
 Executive's employment with the Company (or any other member of the Company Group)
 for any reason, Executive shall not, directly or indirectly, contact, approach or solicit
 for the purpose of offering employment to or hiring (whether as an employee, consultant,
 agent, independent contractor or otherwise) or actually hire any employee, officer, director,
 affiliate or consultant of the Company Group, or attempt to do any of the foregoing, without
 the prior written consent of the Company; <u>provided</u>, <u>however</u>, that Executive
 shall not be prohibited from (i) conducting any general solicitations in a newspaper, job
 board, trade publication or other periodical or web posting not specifically targeted at
 any Company Group employee, (ii) participating in job fairs, career fairs or similar recruiting
 events or (iii) hiring any person, to the extent that the Company Group has terminated such
 person's employment or engagement at least twelve (12) months prior to such hire. This
 prohibition applies only to employees working in the geographic locations in which the Company
 Group conducts business at the time of the prohibited solicitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Executive
 agrees that, during the Term, Executive will not, directly or indirectly, other than on behalf
 of the Company Group, (i) service, take orders from, call on or solicit the business of any
 individual or entity who is or has been, a current or actively pursued prospective referral
 source, customer, vendor, supplier, teaming partner, subcontractor, prime contractor or any
 other business partner of the Company Group as of or at any time within the twelve (12)-month
 period immediately preceding such action, or attempt to do so, (ii) otherwise divert, entice
 or take away from the Company Group the business or patronage of any of the Company Group's
 current or actively pursued prospective referral sources, customers, vendors, suppliers,
 teaming partners, subcontractors, prime contractors or any other business partner, or attempt
 to do so, or (iii) solicit, induce or encourage any of the Company Group's current
 or actively pursued prospective referral sources, customers, vendors, suppliers, teaming
 partners, subcontractors, prime contractors or any other business partner to terminate or
 reduce its relationship with the Company Group, or attempt to do so.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Executive
 agrees that, for a period of one (1) year following the termination of Executive's
 employment with the Company (or any other member of the Company Group) for any reason, Executive
 will not, directly or indirectly solicit, or attempt to solicit, any of the Company Group's
 current or actively pursued prospective referral sources, customers, vendors, suppliers,
 teaming partners, subcontractors, prime contractors or any other business partner to provide
 services or products that are the same as or substantially similar to, or competitive with,
 those provided by the Company Group, or otherwise solicit, induce or encourage, or attempt
 to solicit, induce or encourage, any of Company Group's current or actively pursued
 prospective referral sources, customers, vendors, suppliers, teaming partners, subcontractors,
 prime contractors or any other business partner to terminate or reduce its relationship with
 the Company Group. For purposes of this <u>Section 5.1(c)</u>, referral sources, customers,
 vendors, suppliers, teaming partners, subcontractors, prime contractors and business partners
 are those with which Executive worked, or about which Executive learned Confidential Information,
 during the last twelve (12) months of Executive's employment and actively pursued prospective
 referral sources, customers, vendors, suppliers, teaming partners, subcontractors, prime
 contractors and business partners are those with which Executive was involved in pitching
 or marketing in an attempt to gain their business, or about which Executive learned Confidential
 Information, during the last twelve (12) months of Executive's employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) For
 purposes of this <u>Section 5</u>, in the case of a governmental authority or agency, "customer"
 means the source selection officials or program office for any applicable contract or program
 and the personnel that are assigned to such program office.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) By
 signing this Agreement, Executive acknowledges and agrees that the non-public names, addresses,
 preferences, contract terms and financial information of the Company Group's referral
 sources, customers, vendors, suppliers, teaming partners, subcontractors, prime contractors
 and business partners constitute Confidential Information and that the sale or unauthorized
 use or disclosure of this or any other Confidential Information that Executive obtained during
 the course of Executive's employment would constitute Unfair Competition (as defined
 below) with the Company Group. Executive promises not to engage in any Unfair Competition
 with the Company Group either during the Term or at any time thereafter. For purposes of
 this Agreement, " <u>Unfair Competition</u> " shall mean any direct or indirect
 competition by Executive with the business of the Company Group by using any trade secrets
 of the Company Group or other Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Non-Competition</u>.
 Executive agrees that during the Term and for a period of one (1) year following the termination
 of Executive's employment with the Company (or any other member of the Company Group)
 Executive shall not, either on Executive's own behalf, or on behalf of any other person
 or entity, without the prior written consent of the Company, directly or indirectly, anywhere
 in the United States or in any other country or jurisdiction in which the Company Group is
 engaged in the Restricted Business, own, operate, manage, control, engage in, participate
 in, invest in, permit Executive's name to be used by, act as consultant or advisor
 to, render services for (alone or in association with any person or entity) or otherwise
 assist in any manner any person or entity that engages or proposes to engage in or owns,
 invests in, operates, manages or controls any venture or enterprise that engages in the Restricted
 Business. For avoidance of doubt, nothing in this <u>Section 5.2</u> is intended to or does
 prohibit Employee from engaging in any Permitted Outside Activities so long as such activities
 do not otherwise violate the terms of this <u>Section 5</u>. Further, notwithstanding anything
 in this <u>Section 5.2</u> to the contrary, Executive's passive ownership of three
 percent (3%) or less of the equity securities of a publicly traded company or investment
 fund shall not, solely by reason thereof, constitute a violation on the part of Executive
 of this <u>Section 5.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Restricted Business</u>. For purposes of this Agreement, " <u>Restricted Business</u> " means
 the business of the packaging and transport of nuclear material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Company Group</u>. For purposes of this Agreement, the " <u>Company Group</u> " means the
 Company, AFT, the Parent, and its and their subsidiaries and affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5 <u>Reasonableness</u>.
 It is agreed by the parties that the foregoing covenants in this <u>Section 5</u>: (a) are
 reasonable in light of the consideration payable to Executive pursuant to this Agreement,
 and (b) impose a reasonable restraint on Executive in light of the activities and business
 of the Company Group on the date of the execution of this Agreement and the current plans
 of the Company Group. Executive acknowledges that the covenants in this <u>Section 5</u> shall not prevent Executive from earning a livelihood upon the termination of employment
 hereunder, but merely prevents Unfair Competition with the Company Group for a limited period
 of time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.6 <u>Non-disparagement</u>.
 Executive hereby agrees that, during the Term and at all times thereafter, Executive will
 not, directly or indirectly, disparage the Company Group, or any of its owners, employees,
 officers, directors, agents, products or services, or disseminate, or cause or permit the
 dissemination of, any negative statements about the Company Group or any of its owners, employees,
 officers, directors, agents, products or services. Notwithstanding the foregoing, Executive
 is not hereby barred or restricted from exercising any right of speech or expression protected
 by applicable federal, state or local law, including, but not limited to, the rights to communicate
 with securities regulators/any other administrative or regulatory agency to report suspected
 unlawful conduct or from complying with any applicable law or regulation or a valid order
 of a court of competent jurisdiction or an authorized government agency, provided that such
 compliance does not exceed that required by the law, regulation, or order. Further and notwithstanding
 the foregoing, in connection with a bona fide dispute between Executive and the Company,
 nothing in this Section shall prohibit Executive (a) from making truthful statements to his
 legal counsel or senior management of the Company Group when necessary or (b) from providing
 truthful testimony in any lawsuit, arbitration or other legal proceeding, provided that such
 statements are not made in any public medium (but such statements are expressly permitted
 in any hearing related to any such bona fide dispute, whether public or private).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.7 <u>Severability</u>.
 The covenants in this <u>Section 5</u> are severable and separate, and the unenforceability
 of any specific covenant shall not affect the provisions of any other covenant. In the event
 any arbitrator or court of competent jurisdiction shall determine that the scope, time or
 territorial restrictions set forth herein are unreasonable, then it is the intention of the
 parties that such restrictions be enforced to the fullest extent that such arbitrator or
 court deems reasonable, and this Agreement shall thereby be reformed.

6. <u>Executive's Representations, Warranties and Covenants.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 <u>No Conflict of Interest</u>. Executive warrants that Executive is not, to the best of Executive's
 knowledge and belief, involved in any situation that might create, or appear to create, a
 conflict of interest with their loyalty to or duties for the Company, except as such may
 have been previously disclosed to the Company in writing. Executive further covenants and
 agrees that for so long as Executive continues to be employed by Company, Executive shall
 not become involved in any situation that might create, or appear to create, a conflict of
 interest with their loyalty to or duties for the Company without disclosing such conflict
 of interest to the Company in writing, and obtaining consent to remain involved in such situation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Notification of Other Post-Employment Obligations</u>. Executive also understands that, as part of Executive's
 employment with the Company, Executive is not to breach any obligation of confidentiality
 that Executive has to former employers, and Executive agrees to honor all such obligations
 to former employers during Executive's employment with the Company. Executive represents,
 warrants and covenants that: (a) Executive's work for the Company will not conflict
 with, or result in a breach or violation of, any obligation or agreement Executive may have
 with any former company or other entity; (b) Executive has not used, disclosed or revealed
 to the Company, its employees or agents, and will not during their employment use, disclose
 or reveal to the Company, its employees or agents, any confidential information or trade
 secrets of any other company; (c) Executive has fully disclosed to the Company any and all
 non-competition and non-solicitation agreements with any former company or other company
 to which they may be subject; and (d) Executive has returned to all former employers and
 clients all documents, materials, electronic data, drives and diskettes containing confidential
 information or trade secrets belonging to them.

7. <u>General Provisions.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 <u>Amendment and Waiver</u>. No amendment or modification of this Agreement shall be valid or binding
 upon the Company unless made in writing and signed by an authorized officer of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 <u>Non-Waiver of Breach</u>. No failure by either party to declare a default due to any breach of any obligation
 under this Agreement by the other, nor failure by either party to act quickly with regard
 thereto, shall be considered to be a waiver of any such obligation, or of any future breach.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 <u>Severability</u>.
 In the event that any provision or portion of this Agreement, shall be determined to be invalid
 or unenforceable for any reason, the remaining provisions of this Agreement shall be unaffected
 thereby and shall remain in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 <u>Binding Arbitration</u>. The parties agree that, except as noted below, any controversy, claim or
 dispute arising out of or related to Executive's employment, or the termination thereof
 (" <u>Claims</u> ") shall be arbitrated in accordance with the following procedure:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any
 and all Claims shall be submitted to final, confidential and binding arbitration in Barrow
 County, Georgia pursuant to the Federal Arbitration Act, administered by JAMS Arbitrators
 & Arbitration Services ("JAMS") and in accordance with the Employment Arbitration
 Rules and Procedures of JAMS; <u>provided</u>, <u>however</u>, that the arbitrator shall
 allow for discovery sufficient to adequately arbitrate any claims including access to documents
 and witnesses. The arbitrator shall be selected in accordance with the JAMS' selection
 procedures in effect at the time. Either party may initiate arbitration proceedings by filing
 a demand for arbitration with JAMS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 arbitrator shall have the authority to grant any relief authorized by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 arbitrator shall have exclusive authority to resolve all Claims covered by this arbitration
 agreement, and any dispute relating to the interpretation, applicability, enforceability
 or formation of this arbitration agreement, including, but not limited to, any claim that
 all or any part of this arbitration agreement is void or voidable. Any issues involving the
 arbitrability of a dispute shall be governed by the Federal Arbitration Act, 9 U.S.C. §
 1 et seq.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All
 fees and expenses relating to any arbitration (including, without limitation, the reasonable
 legal fees and expenses of the prevailing party and expert witness fees) arising pursuant
 hereto shall be paid by the non-prevailing party, and the arbitrator shall include an award
 of such amounts in its decision. Notwithstanding the foregoing, the Company shall pay for
 any administrative or filing fees, including the arbitrator's fee, that Executive would
 not have otherwise incurred if the dispute was adjudicated in a court of law, rather than
 through arbitration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The
 Claims covered by the above include, but are not limited to, claims for wrongful termination,
 unpaid wages or compensation, breach of contract, torts, violation of public policy, claims
 for harassment or discrimination (including, but not limited to, race, sex, religion, national
 origin, age, marital status, medical condition, disability, or sexual orientation), claims
 for benefits (except where an employee benefit or pension plan specifies a procedure for
 resolving claims different from this one), claims for physical or mental harm or distress,
 or any other employment-related claims under any federal, state or other governmental law,
 statute, regulation or ordinance, including, but not limited to, Title VII of the Civil Rights
 Act of 1964, the Americans With Disabilities Act, the Age Discrimination in Employment Act,
 and any other statutes or laws relating to an employee's relationship with the Company,
 and claims related to Executive's agreements with the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To
 the fullest extent permitted by law, the parties agree that any arbitration shall be conducted
 on an individual basis only, not a class, collective or representative basis, and hereby
 waive any right to bring class-wide, collective or representative claims before any arbitrator
 or in any forum, except to the extent a representative action under any applicable law, is,
 as a matter of law, not deemed subject to such a waiver.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Notwithstanding
 this agreement to arbitrate, neither party waives the right to seek, from a court of competent
 jurisdiction, temporary restraining orders or preliminary injunctions, without the necessity
 of posting a bond, to require or prevent certain acts or events (" <u>injunctive relief</u> ")
 in cases in which such injunctive relief would otherwise be authorized by law. In such cases
 where injunctive relief is sought, the trial on the merits of the action will occur in front
 of, and will be decided by, the arbitrator, who will have the same ability to order legal
 or equitable remedies as could a court of general jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) This
 agreement to arbitrate recognizes the rights and responsibilities of government agencies,
 including but not limited to, the Equal Employment Opportunity Commission and state agencies,
 to enforce the statutes which come under their jurisdiction. This agreement to arbitrate
 is not intended to prevent Executive from initiating or participating in any investigation
 or proceeding conducted by these government agencies. Nothing in this agreement to arbitrate
 is intended to require Executive to arbitrate allegations or claims of unlawful sexual assault,
 harassment or any other dispute for which mandatory pre-dispute arbitration agreements are
 prohibited by applicable law, nor has Executive waived Executive's right to bring class-wide
 claims with respect to sexual assault or sexual harassment claims. In addition, nothing in
 this agreement to arbitrate is intended to limit any right Executive may have to file a charge
 with or obtain relief from the National Labor Relations Board or to file a claim for workers'
 compensation benefits and unemployment compensation benefits with the appropriate government
 agency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) All
 proceedings and decisions of the arbitrator shall be maintained in confidence to the extent
 legally permissible and shall not be made public by any party or the arbitrator without the
 prior written consent of all parties to the arbitration, except as the law may otherwise
 require.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The
 arbitrator shall issue a written arbitration decision stating the arbitrator's essential
 findings and conclusions upon which any award is based. A party's right for review
 of the decision is limited to grounds provided under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) The
 parties agree that the arbitration shall be final, confidential and binding and any arbitration
 award shall be enforceable in any court having jurisdiction to enforce this arbitration agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) BY
 AGREEING TO THIS BINDING ARBITRATION PROVISION, BOTH THE COMPANY AND EXECUTIVE GIVE UP ALL
 RIGHTS TO TRIAL BY JURY, EXCEPT AS EXPRESSLY PROVIDED HEREIN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) Executive
 agrees that this agreement to arbitrate shall survive the termination of Executive's
 employment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 <u>Injunctive Relief and Attorney's Fees</u>. Executive understands and agrees that Company will
 suffer irreparable harm in the event that Executive breaches any of his obligations in this
 Agreement and that monetary damages will be inadequate to compensate the Company for such
 breach. Accordingly, Executive agrees that, in the event of a breach or threatened breach
 by Executive of this Agreement, the Company, in addition to and not in limitation of any
 other rights, remedies or damages available to the Company at law or in equity, shall be
 entitled to a temporary restraining order, preliminary injunction and/or permanent injunction,
 without the necessity of posting of a bond, in order to prevent or to restrain any such breach
 or threatened breach by Executive, or by any or all of Executive's partners, employers,
 employees, contractors, servants, agents, representatives and any and all persons directly
 or indirectly acting for, on behalf of or with Executive. Notwithstanding the agreement to
 arbitrate, neither party waives the right to seek, from a court of competent jurisdiction,
 such injunctive relief in cases in which such injunctive relief would otherwise be authorized
 by law. The prevailing party in any legal action relating to or arising out of this Agreement
 shall be entitled to recover its reasonable and documented attorneys' fees and costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6 <u>Governing Law; Venue</u>. This Agreement and any dispute arising out of or related to this Agreement
 shall be governed by and construed in accordance with the laws of the State of Georgia, without
 giving effect to the choice of law provisions thereof, and venue, for matters that are not
 arbitrated, will be in the federal and state courts located in Georgia.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7 <u>Entire Agreement</u>. This Agreement contains all of the terms agreed upon by Company and Executive
 with respect to the subject matter hereof and supersedes all prior agreements, arrangements
 and communications between the parties dealing with such subject matter, whether oral or
 written, including, but not limited to, the Prior Agreement; <u>provided</u>, that Executive
 continues to be bound by any other restrictive covenants contained in an agreement entered
 into between Executive and the Company (or any other member of the Company Group) (including,
 but not limited to, the Equityholder Restrictive Covenant Agreement) and Executive's
 obligations to the Company and any other member of the Company Group set forth in the Purchase
 Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8 <u>Section 409A</u>. The provisions of this Agreement shall be construed, interpreted and administered
 in a manner whereby all provisions are exempt from, or comply with, the requirements of Section
 409A of the Internal Revenue Code of 1986, as amended, and the regulations and other guidance
 promulgated thereunder (collectively, " <u>Section 409A</u> "). To the extent applicable,
 any payments to be made under this Agreement in connection with a termination of employment
 or other services shall only be made if such termination of employment or other services
 constitutes a "separation from service" under Section 409A. Executive's
 right to receive any installment payments under this Agreement shall be treated as a right
 to receive a series of separate payments. In no event whatsoever shall any member of the
 Company Group be liable for any tax, interest, or penalty that may be imposed on Executive
 by Section 409A or damages for failing to comply with Section 409A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9 <u>Binding Effect; Assignment</u>. Executive may not assign, delegate, or otherwise transfer any of
 his rights or obligations under this Agreement without the prior written consent signed by
 the Company. The Company may transfer or assign, in whole or from time to time in part, to
 one or more of its affiliates, or to any successor to one or more of its businesses, its
 rights or obligations under this Agreement without the prior written consent signed by Executive,
 provided the entity to which this Agreement is assigned shall agree to accept the Company's
 obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10 <u>Notices</u>.
 All notices, requests, consents, claims, demands, waivers and other communications hereunder
 shall be in writing and shall be deemed to have been given (a) when delivered by hand (with
 written confirmation of receipt), (b) when received by the addressee if sent by a nationally
 recognized overnight courier (receipt requested), (c) on the date sent by e-mail if sent
 during normal business hours of the recipient, and on the next business day if sent after
 normal business hours of the recipient or (d) on the third (3<sup>rd</sup>) day after the
 date mailed, by certified or registered mail, return receipt requested, postage prepaid.
 All such notices, demands and communications to a party hereto shall be sent to the address
 or e-mail address indicated for such party below, unless another address is specified by
 such party in a notice given to the other parties hereto in accordance with this <u>Section 7.10</u>.

If to the Company, addressed to:

 ****

NANO Nuclear Energy Inc.

10 Times Square

30<sup>th</sup> Floor

New York, NY 10018

Attention: Oscar Leandro

with a copy, which shall not constitute notice, to:

Pillsbury Winthrop Shaw Pittman LLP

1200 Seventeenth Street NW

Washington, DC 20036

Attention: Elina Teplinsky

E-mail: Elina.teplinsky@pillsburylaw.com

If to Executive, addressed to:

Roy A. Boyd, II

2680 Drayton Hall Drive

Buford, GA 30519

with a copy, which shall not constitute notice, to:

Andersen, Tate & Carr, P.C.

1960 Satellite Blvd., Suite 4000

Duluth, GA 30097

Attention: R. Bradley Carr

E-mail: bcarr@atclawfirm.com

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11 <u>Survival</u>.
 The rights and obligations of the parties under this Agreement, which by their nature would
 continue beyond the termination or expiration of this Agreement, are of a continuing nature
 and shall survive the expiration, termination or cancellation of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12 <u>Headings</u>.
 Numbers and titles to Sections hereof are for information purposes only and, where inconsistent
 with the text, are to be disregarded.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13 <u>Counterparts and Electronic Signatures</u>. This Agreement may be executed in counterparts, each of which
 shall be deemed an original, but all of which when taken together, shall be and constitute
 one and the same instrument. This Agreement may also be entered into by either or both parties
 through the use of verified electronic signature programs, such as DocuSign.

[*Remainder of page intentionally left blank.*]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed on the date and year first written above.

---

| | | |
|:---|:---|:---|
|  | Secured Transportation Services LLC | Secured Transportation Services LLC |
|  | By: | */s/ James Walker* |
|  | Name: | James Walker |
|  | Title: | Authorized Signatory |
|  | Date: | May 22, 2026 |
|  | Roy A. Boyd, II | Roy A. Boyd, II |
| | */s/ Roy A. Boyd, II* | */s/ Roy A. Boyd, II* |
|  | Roy A. Boyd, II | Roy A. Boyd, II |
|  | Date: | May 22, 2026 |
|  | NANO Nuclear Energy Inc. | NANO Nuclear Energy Inc. |
|  | By: | */s/ James Walker* |
|  | Name: | James Walker |
|  | Title: | Chief Executive Officer |
|  | Date: | May 22, 2026 |

---

*[Signature Page to R. Boyd Executive Employment Agreement]*

## Exhibit 99.1

**Exhibit 99.1**

**NANO Nuclear Acquires Secured Transportation Services LLC, Establishing a Fully Integrated Nuclear Fuel Logistics and Transportation Platform and Joining a Select Group of Revenue-Generating Microreactor Developers**

***Acquisition adds more than 20 years of specialized nuclear transportation experience, accelerating NANO Nuclear's fuel supply chain and reactor deployment capabilities.***

**NEW YORK, N.Y., May 26, 2026 — NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear" or "the Company"),** a leading advanced nuclear micro modular reactor and technology company focused on developing clean energy solutions, today announced the acquisition of Secured Transportation Services LLC (STS), a specialized U.S. based, globally operating nuclear logistics, transportation and services company specializing in the safe, secure and compliant movement of radioactive and nuclear materials.

This acquisition represents a significant strategic milestone in NANO Nuclear's evolution into a vertically integrated nuclear energy company by adding one of the most important and challenging elements of the nuclear fuel cycle: the capability to plan, coordinate, license, secure and execute nuclear materials transportation and related deployment activities.

With the addition of STS, NANO Nuclear is taking a decisive step toward becoming a leader in the next generation of nuclear energy infrastructure, with capabilities designed to support reactor deployment and the broader ecosystem required to enable commercialization at scale.

One of the most significant barriers to scaling advanced nuclear technologies is not the reactor itself, but the infrastructure required to support it, particularly fuel transportation. The transport of nuclear materials, particularly spent fuel, HALEU fuel and advanced reactor components, is one of the most highly regulated and operationally complex segments of the nuclear fuel cycle, with emerging capacity constraints expected as next-generation reactor deployments accelerate.

With STS part of the organization, NANO Nuclear is competitively well positioned to:

● Control and coordinate critical nuclear fuel transportation logistics.

● Support deployment planning for microreactors and related advanced nuclear systems.

● Reduce reliance on third-party nuclear logistics providers for core transportation and deployment functions.

● Navigate complex regulatory, security and route-approval requirements.

● Develop repeatable deployment models for defense, data center, industrial, remote and international customers.

● Support a broader ecosystem of nuclear fuel-cycle services expected to be required by NANO Nuclear and other nuclear industry participants.

Founded in 2005, STS brings more than two decades of specialized nuclear transportation experience and a strong track record of executing complex nuclear materials projects safely, securely and efficiently. STS personnel have completed projects in more than 40 countries, providing NANO Nuclear with operational experience in navigating various regulatory requirements, physical challenges and political environments. STS currently holds approvals for more than 90% of the active U.S. NRC approved spent fuel routes in the United States.

STS brings a team of highly experienced professionals with backgrounds spanning nuclear engineering, logistics, regulatory affairs, and operations - capabilities that are difficult to procure and essential to transporting fuel and deploying reactors at scale.

In addition, the acquisition of STS provides NANO Nuclear with revenue generating operations. For the twelve months ended December 31, 2025, STS generated audited revenues of approximately $7.1 million and net income of approximately $1.3 million, reflecting strong underlying profitability and operational efficiency. Equally as important, NANO Nuclear sees substantial opportunity for growth at STS in the coming years as demand for nuclear fuel transportation and logistics accelerates. STS is expected to benefit from NANO Nuclear's relationships and exposure to several aspects of the nuclear fuel cycle, as well as NANO Nuclear's strong financial position through prudent deployment of strategic growth capital.

![](ex99-1_002.jpg)

Figure 1 - NANO Nuclear Acquires Secured Transportation Services Joining a Select Group of Revenue-Generating Microreactor Developers

The acquisition of STS directly supports NANO Nuclear's broader strategy of building a fully vertically integrated business, spanning:

● Reactor design and development.

● Fuel sourcing and processing (LEU/HALEU ecosystem).

● Fuel transportation and logistics.

● Reactor deployment and installation.

● Long-term operational support.

By integrating STS into its operations, NANO Nuclear gains the ability to coordinate the movement of nuclear fuel and reactor systems from origin to deployment site, a capability that is expected to become increasingly valuable as demand for microreactors accelerates globally.

"This acquisition is about more than logistics, it's about unlocking the full potential of advanced nuclear," **said Jay Yu, Chairman and President of NANO Nuclear.** "With STS, we now control a vital link in the nuclear value chain that very few companies possess globally. This capability will allow us to move faster, deploy quicker, and deliver our technologies anywhere in the world. We are building infrastructure for the next generation of nuclear energy, and this is a major step forward."

![](ex99-1_004.jpg)

Figure 2 - NANO Nuclear Establishes a Fully Integrated Nuclear Fuel Logistics and Deployment Platform.

"This is a transformational acquisition for NANO Nuclear," **said James Walker, Chief Executive Officer of NANO Nuclear.** "STS brings the kind of deep, specialized expertise that is essential to making advanced nuclear a reality at scale. Transportation is one of the most overlooked, but most critical, pieces of the nuclear value chain. By bringing STS into the NANO Nuclear ecosystem, we are removing a major bottleneck and positioning ourselves as one of the few companies capable of delivering a truly end-to-end nuclear solution. This acquisition doesn't just strengthen our logistics capabilities, it accelerates everything: our fuel strategy, our deployment timelines, and our ability to serve customers across North America and internationally."

As the global energy system shifts toward clean, reliable, and decentralized power, microreactors are expected to play a pivotal role. However, their success depends on the ability to safely and efficiently move fuel and systems where they are needed.

"For more than two decades, STS has built its reputation by executing complex nuclear transportation projects safely, securely and reliably," **said Roy Boyd, Founder & President of STS,** who will continue in this role post-acquisition. "Joining NANO Nuclear gives STS the resources and platform to expand our capabilities while maintaining the safety-first culture, regulatory discipline and customer focus that have defined our company since its founding. We are benefitting from the industry's growth and believe we are well-prepared to meet expected demand. We believe our logistics, training, consulting, security coordination, engineering and project execution experience will be highly complementary to NANO Nuclear's broader advanced nuclear strategy and advance the overall mission to meet growing demand for nuclear energy."

STS was acquired by NANO Nuclear's existing transportation subsidiary, **Advanced Fuel Transportation Inc.**, for total consideration valued at up to $13 million. The total purchase price is comprised of $6 million paid in cash at closing, subject to closing adjustments, and $7 million in restricted shares of NANO Nuclear's common stock paid in several installments, a portion of which is subject to certain contractual contingencies. Additional information will be provided in a Form 8-K to be filed by NANO Nuclear with the U.S. Securities and Exchange Commission.

**About NANO Nuclear Energy Inc.**

**NANO Nuclear Energy Inc. (NASDAQ: NNE)** is a North American advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel supply chain, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include its lead project, the patented **KRONOS MMR**<sup>™</sup> **Energy System**, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement with the U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), **ZEUS**<sup>™</sup>, a solid core battery reactor, and the space focused, portable **LOKI MMR**<sup>™</sup>, each representing advanced developments in clean energy solutions that are modular, on-demand capable, advanced nuclear microreactors.

**Advanced Fuel Transportation Inc. (AFT)**, a NANO Nuclear subsidiary, bolstered by the May 2026 acquisition of Secured Transportation Services (STS), is led by former executives from the largest transportation company in the world and provides nuclear engineering and materials transport services in the U.S. and globally. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy.

**HALEU Energy Fuel Inc. (HEF)**, a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a HALEU fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry.

**NANO Nuclear Space Inc. (NNS)**, a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micro nuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR<sup>™</sup> system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.

For more corporate information please visit: <u>https://NanoNuclearEnergy.com/</u>

**For further NANO Nuclear information, please contact:**<br>

Email: <u>IR@NANONuclearEnergy.com</u>

Business Tel: (212) 634-9206

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**Cautionary Note Regarding Forward Looking Statements** 

This news release and statements of NANO Nuclear's management in connection with this news release contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "explore," "aim," "plans", "believes", "potential", "will", "should", "could", "would," "goal," "aim," or "may" or derivatives of these words and other words relating to the future. Specifically, forward-looking statements include those related to the anticipated benefits to NANO Nuclear of the acquisition of STS as well as NANO Nuclear's development, construction, demonstration, regulatory licensing and commercial plans and strategies generally**.** These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ("DOE"), Canadian Nuclear Safety Commission ("CNSC") or related state or non-U.S. nuclear licensing submissions, (ii) risks related to our vertical integration strategy (notably the integration of STS as contemplated herein) and the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE, the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, as well as the CNSC, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at <u>www.sec.gov</u> and at <u>https://ir.nanonuclearenergy.com/financial-information/sec-filings</u>. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.