# EDGAR Filing Document

**Accession Number:** 0001555279
**File Stem:** 0001104659-26-055912
**Filing Date:** 2026-5
**Character Count:** 309854
**Document Hash:** 2fcc662e9a0c4d8cea765dd34dac9afa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-055912.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001104659-26-055912

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20260504

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

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

**ITEM INFORMATION**: Results of Operations and Financial Condition

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 908 Devices Inc.
- **CENTRAL INDEX KEY:** 0001555279
- **STANDARD INDUSTRIAL CLASSIFICATION:** MEASURING & CONTROLLING DEVICES, NEC [3829]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 454524096
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39815
- **FILM NUMBER:** 26945839

**BUSINESS ADDRESS:**
- **STREET 1:** 44 THIRD AVENUE
- **CITY:** BURLINGTON
- **STATE:** MA
- **ZIP:** 01803
- **BUSINESS PHONE:** 978-729-4478

**MAIL ADDRESS:**
- **STREET 1:** 44 THIRD AVENUE
- **CITY:** BURLINGTON
- **STATE:** MA
- **ZIP:** 01803

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

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549**

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**FORM 8-K**

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**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 4, 2026**

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**908 Devices Inc.** 

**(Exact name of Registrant as Specified in Its Charter)** 

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39815** | **45-4524096** |
| **(State or Other Jurisdiction<br> of Incorporation)**  | **(Commission File Number)** | **(IRS Employer**<br> **Identification No.)**  |

---

**44 3rd Avenue** **, Burlington, MA 01803**

**(Address of principal executive offices, including zip code)**

**(857** **) 254-1500 (Registrant's telephone number, including area code)**

**Not applicable (Former name or former address, if changed since last report)**

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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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading <br> Symbol(s)** | **Name of each exchange<br> on which registered** |
| Common Stock, par value $0.001 per share | MASS | The Nasdaq Global Market |

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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. ¨

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

---

***Share Purchase Agreement***

On May 4, 2026 (the "Closing Date"), 908 Devices Inc. (the "Company") completed its acquisition of NIRLAB SA, a corporation organized under the laws of Switzerland ("NIRLAB"), and its wholly owned subsidiary, NIRLAB Forensics Sàrl, a limited liability company organized under the laws of Switzerland (the "Subsidiary" and, together with NIRLAB, the "NIRLAB Group"), pursuant to a Share Purchase Agreement (the "Purchase Agreement") with Florentin Coppey, Pierre Esseiva, Matteo Delbrück, Parkview Invest AG and Matthieu Girod (each a "Seller" and collectively, the "Sellers") and NIRLAB. The NIRLAB Group develops near-infrared (NIR) spectroscopy solutions for instant material identification. Under the Purchase Agreement, the Sellers sold all 1,094,282 outstanding registered shares of NIRLAB (the "NIRLAB Shares"), constituting the entire issued share capital of NIRLAB, to the Company.

The board of directors of the Company (i) determined that the terms of the Purchase Agreement are fair to, advisable and in the best interests of the Company and its stockholders, and (ii) authorized and approved the execution, delivery and performance of the Purchase Agreement and the consummation of transactions contemplated thereby.

Pursuant to the Purchase Agreement, the Sellers agreed to sell and transfer to the Company, on the Closing Date (as defined below), all of the issued and outstanding NIRLAB Shares in exchange for a preliminary consideration (the "Preliminary Consideration") payable by the Company on the Closing Date with a headline price of $15,000,000 (the "Transaction"), comprised of (x) $13,000,000 in cash (the "Cash Consideration") and (y) 293,368 shares of common stock of the Company, par value $0.001 per share (each such share, a "Company Share") (the "Stock Consideration").

The Cash Consideration is subject to customary adjustments. The Company withheld $1,300,000 of the Cash Consideration and 10% of the Stock Consideration (together, the "General Holdback Amount") to secure the Sellers' post-closing obligations under the Purchase Agreement. Subject to any outstanding claims, the General Holdback Amount shall be released to the Sellers twelve (12) months after the Closing Date.

The number of Company Shares issuable as Stock Consideration was determined based on the higher of (x) the thirty (30)-day volume-weighted average price of the Company Shares on Nasdaq immediately preceding the Closing Date and (y) a contractual floor price of USD 5.88 per share.

In addition to the Preliminary Consideration, the Sellers may receive contingent earn-out consideration of up to $8,000,000 (the "Earn-Out Consideration"), payable solely in Company Shares, based on the achievement of certain revenue-based milestones by December 31, 2027, as more fully described in the Purchase Agreement.

In connection with the Transaction, all 36,750 options to purchase NIRLAB Shares outstanding as of the Closing Date were cancelled pursuant to option cancellation agreements entered into between NIRLAB and the applicable option holders (the "Option Cancellation Agreements"), in exchange for a combination of cash and Company Shares, where applicable (the "Option Share Payment").

The Purchase Agreement and Option Cancellation Agreements contain provisions pursuant to which each Seller or applicable option holder, respectively, agrees not to sell or transfer any Company Shares received as a result of the Transaction for a 180-day lock-up period from the date of issuance of such Company Shares, subject to customary exceptions.

The Purchase Agreement contains customary representations and warranties by the Sellers relating to, among other things, the NIRLAB Group and their business, and customary representations and warranties by the Company. The Purchase Agreement also contains customary indemnification provisions, pursuant to which the Sellers have agreed to indemnify the Company for, among other things, breaches of representations and warranties and covenants, subject to certain limitations, including time limitations and liability caps. In addition, the Purchase Agreement contains non-compete and non-solicitation covenants pursuant to which each Seller has agreed, for a period of three (3) years following the Closing Date, not to compete with the business of the NIRLAB Group or solicit employees, customers or suppliers of the NIRLAB Group, subject to certain exceptions.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, which is filed with this Current Report on Form 8-K as Exhibit 2.1, and which is incorporated by reference herein in its entirety. The Purchase Agreement and the foregoing description thereof have been included to provide investors and stockholders with information regarding its terms and are not intended to provide any other factual information about the Company, the Sellers or the NIRLAB Group. The assertions embodied in the representations and warranties contained in the Purchase Agreement are qualified by a confidential disclosure letter delivered by the Sellers to the Company. Moreover, certain representations and warranties in the Purchase Agreement were made as of a specified date, may be subject to a contractual standard of materiality different from what might be viewed as material to stockholders, or may have been used for the purpose of allocating risk between the parties to the Purchase Agreement. Accordingly, the representations and warranties in the Purchase Agreement should not be relied on as characterizations of the actual state of facts and circumstances of the Company at the time they were made and should only be read in conjunction with the entirety of the factual disclosure in public reports, statements and other documents filed with the U.S. Securities and Exchange Commission. Information concerning the subject matter of the representations and warranties may change after the date of the Purchase Agreement, which subsequent information may or may not be fully reflected in the Company's public disclosures.

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| | |
|:---|:---|
| **Item 2.01** | **Completion of Acquisition or Disposition of Assets.** |

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The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01.

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

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On May 6, 2026, the Company announced its financial results for the first quarter and three months ended March 31, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Report on Form 8-K.

The information in this Item 2.02 and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 3.02** | **Unregistered Sale of Equity Securities.** |

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The information in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. Pursuant to the terms of the Purchase Agreement and as set forth in Item 1.01, the Company issued or may issue Company Shares as Option Share Payment, Stock Consideration and Earn-Out Consideration (subject to the achievement of certain milestones set forth in the Purchase Agreement) (such Company Shares, the "Transaction Shares").

The Transaction Shares were or will be issued without registration under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemptions from registration provided by Section 4(a)(2) of the Securities Act and Regulation S promulgated thereunder.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

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On May 6, 2026, the Company issued a press release announcing that it had entered into the Purchase Agreement. A copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K. Additionally, on May 6, 2026, 908 Devices posted an investor presentation regarding the acquisition of NIRLAB under the "Events & Presentations" section of its website. The information contained on or that can be accessed through the 908 Devices website is not incorporated by reference herein or in any filing under the Securities Act or the Exchange Act.

The information in this Item 7.01 and Exhibit 99.2 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.

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

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(d) Exhibits.*

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| | |
|:---|:---|
| **Exhibit <br> No.** | **Description** |
| [2.1\*](tm2613572d1_ex2-1.htm) | [Share Purchase Agreement, dated as of May 4, 2026, among 908 Devices Inc., Florentin Coppey, Pierre Esseiva, Matteo Delbrück, Parkview Invest AG, Matthieu Girod and NIRLAB SA.](tm2613572d1_ex2-1.htm) |
| [99.1](tm2613572d1_ex99-1.htm) | [Press Release issued by 908 Devices Inc. on May 6, 2026.](tm2613572d1_ex99-1.htm) |
| [99.2](tm2613572d1_ex99-2.htm) | [Press Release issued by 908 Devices Inc. on May 6, 2026.](tm2613572d1_ex99-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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\* Certain confidential portions (indicated by brackets and asterisks) have been omitted from this exhibit. The Company agrees to furnish supplementally a copy of such omitted confidential portions to the SEC upon request.

**SIGNATURES**

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

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| | | |
|:---|:---|:---|
|  | **908 DEVICES INC.** | **908 DEVICES INC.** |
| Date: May 6, 2026 | By: | /s/ Mark S. Levine |
|  |  | Name: Mark S. Levine |
|  |  | Title: Chief Legal and Administrative Officer |

---

## Exhibit 2.1

**Exhibit 2.1**

![](tm2613572d1_ex2-1img001.jpg)

**CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [\*\*\*], HAS BEEN OMITTED BECAUSE 908 DEVICES INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO 908 DEVICES INC. IF PUBLICLY DISCLOSED.**

Share Purchase Agreement

dated as of May 4, 2026

by and among

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| |
|:---|
| **Florentin Coppey** <br> Somlaproz 23<br> 1937 Orsieres <br> Switzerland(**FC**) |
| and |
| **Pierre Esseiva** <br> Rapille-Dessus 5<br> 1312 Eclépens <br> Switzerland (**PE**) |
| and |
| **Matteo Delbrück** <br> Martastrasse 124 <br> 8003 Zürich<br> Switzerland (**MD**) |
| and |
| **Parkview Invest AG**<br> Rheingasse 74 <br> 4058 Basel <br> Switzerland (**Parkview**) |
| and |
| **Matthieu Girod** <br> Rue des Alpes 38<br> 1700 Fribourg <br> Switzerland (**MG**) |

---

![](tm2613572d1_ex2-1img002.jpg)

Confidential

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| | |
|:---|:---|
|  | (each a **Seller** and collectively the **Sellers**) |
| and<br> (for purposes of Sections 2.2 and 3 only) |  |
| **NIRLAB SA** <br> Somlaproz 23<br> 1937 Orsières<br> Switzerland | (the **Company**) |
| and |  |
| **908 Devices Inc.** <br> 44 3rd Avenue<br> Burlington MA, 01803<br> United States of America | (the **Buyer**) |

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**Table of Contents**

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| | | | |
|:---|:---|:---|:---|
| Whereas | Whereas | Whereas | 6.0 |
| 1. | Definitions and Interpretation | Definitions and Interpretation | 6.0 |
| 2. | Sale and Purchase of the Shares; Option Treatment | Sale and Purchase of the Shares; Option Treatment | 6.0 |
| 2.1 | Object of the Sale | Object of the Sale | 6.0 |
| 2.2 | Option Treatment | Option Treatment | 7.0 |
| 2.3 | Preliminary Consideration Payable at the Closing | Preliminary Consideration Payable at the Closing | 7.0 |
| 2.4 | Determination of Adjustments and Adjustment Payments | Determination of Adjustments and Adjustment Payments | 9.0 |
|  | 2.4.1 | Determination of Adjustments | 9.0 |
|  | 2.4.2 | Net Debt Adjustment | 9.0 |
|  | 2.4.3 | Net Working Capital Adjustment | 9.0 |
|  | 2.4.4 | Employee Contributions Adjustment | 9.0 |
|  | 2.4.5 | Transaction Payroll Taxes Adjustment | 10.0 |
|  | 2.4.6 | Payment of the Adjustments | 10.0 |
| 2.5 | Employee Contributions; Transaction Payroll Taxes | Employee Contributions; Transaction Payroll Taxes | 10.0 |
| 2.6 | Earn-out | Earn-out | 11.0 |
|  | 2.6.1 | Earn-out Consideration | 11.0 |
|  | 2.6.2 | Earn-out Statements; Determination and Dispute Resolution | 12.0 |
|  | 2.6.3 | Earn-out Component 1: 12-Month Recurring Revenue | 12.0 |
|  | 2.6.4 | Earn-out Component 2: [\*\*\*] | 13.0 |
|  | 2.6.5 | General Earn-out Provisions | 15.0 |
| 2.7 | Holdback | Holdback | 17.0 |
| 3. | Allocation Statement | Allocation Statement | 18.0 |
| 4. | Closing | Closing | 18.0 |
| 4.1 | Date and Place | Date and Place | 18.0 |
| 4.2 | Closing Actions | Closing Actions | 19.0 |
|  | 4.2.1 | Actions by the Sellers | 19.0 |
|  | 4.2.2 | Actions by the Buyer | 19.0 |
|  | 4.2.3 | Concurrent Closing Actions | 19.0 |
| 5. | Other Covenants | Other Covenants | 19.0 |
| 5.1 | Press Releases and Other Public Announcements | Press Releases and Other Public Announcements | 19.0 |
| 5.2 | Release | Release | 20.0 |
| 5.3 | [\*\*\*] | [\*\*\*] | 21.0 |
| 5.4 | Confidentiality | Confidentiality | 21.0 |
| 5.5 | Lock-up on Stock Consideration and Earn-out Consideration; Restrictive Legends | Lock-up on Stock Consideration and Earn-out Consideration; Restrictive Legends | 22.0 |
| 5.6 | "Accredited Investor" / "Non-U.S. Person" representations | "Accredited Investor" / "Non-U.S. Person" representations | 22.0 |
| 6. | Taxes, Costs, Expenses and Interest | Taxes, Costs, Expenses and Interest | 23.0 |
| 6.1 | Taxes | Taxes | 23.0 |
|  | 6.1.1 | Taxes in General | 23.0 |

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| | | | |
|:---|:---|:---|:---|
|  | 6.1.2 | Transfer Taxes | 23 |
|  | 6.1.3 | Tax Refunds and Tax Credits | 23 |
|  | 6.1.4 | Tax Returns | 23 |
| 6.2 | Costs and Expenses | Costs and Expenses | 24 |
| 6.3 | Interest | Interest | 24 |
| 6.4 | Currencies | Currencies | 24 |
| 7. | Representations | Representations | 24 |
| 7.1 | Representations of the Sellers | Representations of the Sellers | 24 |
| 7.2 | Representations of the Buyer | Representations of the Buyer | 25 |
| 7.3 | Exclusive Representations | Exclusive Representations | 25 |
| 8. | Indemnification by the Sellers | Indemnification by the Sellers | 26 |
| 8.1 | Taxes | Taxes | 26 |
| 8.2 | General Indemnification | General Indemnification | 27 |
| 9. | Indemnification Procedure | Indemnification Procedure | 28 |
| 9.1 | Notification / Third Party Claims | Notification / Third Party Claims | 28 |
| 9.2 | Set-off | Set-off | 29 |
| 9.3 | Time Limitations | Time Limitations | 30 |
|  | 9.3.1 | Statute of Limitations (*Verjährung*) of Claims for Indemnification under Section 8.2 | 30 |
|  | 9.3.2 | Term of Other Claims for Indemnification | 31 |
|  | 9.3.3 | Waiver of Statute of Limitations under Article 210 CO | 31 |
| 9.4 | Limitations on Indemnification Obligations | Limitations on Indemnification Obligations | 31 |
| 10. | General Provisions | General Provisions | 33 |
| 10.1 | Effect on Third Parties | Effect on Third Parties | 33 |
| 10.2 | Notices | Notices | 34 |
| 10.3 | Entire Agreement | Entire Agreement | 35 |
| 10.4 | Amendments and Waivers | Amendments and Waivers | 35 |
| 10.5 | No Assignment | No Assignment | 35 |
| 10.6 | Severability | Severability | 35 |
| 10.7 | Representative of the Sellers | Representative of the Sellers | 36 |
| 10.8 | Relationship between the Sellers and the Buyer | Relationship between the Sellers and the Buyer | 37 |
| 10.9 | Counterparts; Delivery by Electronic Transmission | Counterparts; Delivery by Electronic Transmission | 37 |
| 11. | Governing Law and Dispute Resolution | Governing Law and Dispute Resolution | 37 |
| 11.1 | Governing Law | Governing Law | 37 |
| 11.2 | Dispute Resolution | Dispute Resolution | 37 |
| Annex A – Individual Holdings of the Sellers | Annex A – Individual Holdings of the Sellers | Annex A – Individual Holdings of the Sellers | 45 |
| Annex B – Individual Holdings of the Option Holders | Annex B – Individual Holdings of the Option Holders | Annex B – Individual Holdings of the Option Holders | 46 |
| Annex 1 – Definitions | Annex 1 – Definitions | Annex 1 – Definitions | 47 |
| Annex 2.2 – Financial Statements | Annex 2.2 – Financial Statements | Annex 2.2 – Financial Statements | 61 |

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| | |
|:---|:---|
| Annex 2.3(a)(ii) – Establishment of the Estimated Net Debt and the Estimated Net Working Capital | 62 |
| Annex 2.4.1 – Determination of Adjustments | 63 |
| <u>Annex 2.6.5(b)(i)(i) – Quote to [\*\*\*]</u> | 68 |
| <u>Annex 2.6.5(b)(i)(ii) – Key Terms for Quote to [\*\*\*]</u> | 69 |
| Annex 3 – Allocation Statement | 70 |
| Annex 4.2.1 – Closing Actions by the Sellers | 71 |
| Annex 4.2.1(a)(i) – Copy of Powers of Attorney | 73 |
| Annex 4.2.1(a)(ii) – Assignment Declarations | 74 |
| Annex 4.2.1(a)(ii) – Evidence of Ownership | 75 |
| Annex 4.2.1(a)(ii) – Forms W-8BEN or W-8BEN-E | 76 |
| Annex 4.2.1(b)(i) – Option Cancellation Agreements | 77 |
| Annex 4.2.1(b)(iii) – Corporate Actions for Transfer of Shares | 78 |
| Annex 4.2.1(b)(iv) – Company's Share Register | 79 |
| Annex 4.2.1(b)(v) – Resignation Letters | 80 |
| Annex 4.2.1(b)(vi) – Minutes of Shareholders' Meetings for Governance | 81 |
| Annex 4.2.1(b)(vii) – Evidence of Termination of Related Party Agreements (except for the Surviving Related Party Agreements) | 82 |
| Annex 4.2.1(b)(viii) – Written Copy of Payment Instruction | 83 |
| Annex 4.2.2 – Closing Actions by the Buyer | 84 |
| Annex 4.2.2(a) – Copy of Powers of Attorney | 85 |
| Annex 4.2.2(b) – Evidence of Flow of Funds | 86 |
| Annex 4.2.2(c) – Evidence of Issuance of Stock Consideration | 87 |
| Annex 4.2.2(e) – UBO Notifications | 88 |
| Annex 5.6 – Suitability Documentation | 89 |
| Annex 7.1(a)(i) – Fundamental Representations | 90 |
| Annex 7.1(a)(ii) – Business Representations | 97 |
| Annex 7.1(A) – Disclosure Letter | 120 |
| Annex 7.1(a)(i).2(b) – Organizational Documents of each of the Target Companies | 121 |
| Annex 7.1(a)(ii).2(l) – Tax Rulings of Target Companies | 122 |
| Annex 7.1(a)(ii).5(b) – Surviving Related Agreements | 123 |
| Annex 7.1(a)(ii).11 – Material Contracts | 124 |
| Annex 7.2 – Representations of the Buyer | 125 |

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**Whereas**

A. The
 Sellers are the legal and beneficial owners of all 1,094,282 registered shares with a nominal
 value of CHF 0.10 each (the **Shares**, and each a **Share**) in the Company,
 a corporation organized and existing under the laws of Switzerland, registered under identification
 number CHE-294.335.957, with its registered office at Somlaproz 23, 1937 Orsières,
 as further set forth in Annex <u>A</u>.

B. The
 Option Holders are the legal and beneficial owners of a total of 36,750 Options, whereby
 each Option entitles its holder to purchase one Share at an exercise price ranging from of
 CHF 1.00 to CHF 17.55 per Option, as further set forth in Annex <u>B</u>.

C. The
 Company is the direct legal and beneficial owner of all 200 quotas (*Stammanteile*)
 with nominal value of CHF 100 each (the **Subsidiary Shares**) in NIRLAB Forensics
 Sàrl (the **Subsidiary** and, together with the Company, the **Target** or the **Target Companies**).

D. Each
 Seller hereby sells and transfers to the Buyer such number of Shares as set forth opposite
 his or its name in Annex <u>A</u>, and the Buyer hereby buys and accepts all such Shares
 from each Seller, in each case on the terms set forth in this Agreement.

E. The
 Company has determined that, in accordance with the applicable option plan rules, in lieu
 of physically settling the Options upon exercise, all outstanding Options shall be cancelled
 against a cash payment and, with regard to certain (but not all) Option Holders, delivery
 of a certain number of Buyer Shares (as defined below) (net of the aggregate applicable exercise
 price for the relevant Options (which shall be deducted first from the cash portion), any
 applicable employee portion of any social security contributions and any payroll taxes) to
 be made to the Option Holders (collectively the **Option Settlement Payments**) , and, for these purposes, the Company and each Option Holder have entered into an option
 cancellation agreement (the **Option Cancellation Agreement**).

**Now, therefore**, the Sellers and the Buyer (each a **Party**, and collectively the **Parties**) agree as follows:

**1.** **Definitions and Interpretation** 

Capitalized terms used in this Agreement have the meanings assigned to such terms (a) in the body of this Agreement and referenced in Section 1 (*Terms Defined in the Body of the Agreement*) of Annex <u>1</u> to this Agreement, and (b) Section 2 (*Other Definitions*) of Annex <u>1</u>. For purposes of this Agreement, the interpretational rules set forth in Section 3 (*Interpretation*) of Annex <u>1</u> shall apply.

**2.** **Sale and Purchase of the Shares; Option Treatment** 

**2.1** **Object of the Sale** 

(a) On
 the terms of this Agreement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) each
 Seller agrees to sell and transfer, and hereby sells and transfers, to the Buyer, and the
 Buyer agrees to purchase and accept, and hereby purchases and accepts, from each of the Sellers,
 full legal and beneficial ownership of the Shares, free and clear of any Liens, as set forth
 next to such Seller's name on <u>Annex A</u>, with all rights attached or accruing to
 such Shares as of the Closing Date;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) each
 Seller hereby unconditionally and irrevocably waives all rights of pre-emption, redemption,
 first offer, first refusal, transfer, tag along and drag along and any other rights or restrictions
 as holder of Shares or Options conferred by the articles of association of the Company or
 in any other way (including shareholder and similar agreements by and among each of the Sellers
 and the Company), except for any rights expressly set out in this Agreement, and each Seller
 agrees to terminate, and hereby terminates, the Shareholders' Agreement, including any provisions
 that shall survive its termination according to the terms of the Shareholders' Agreement.

(b) Notwithstanding
 anything to the contrary in this Agreement, the Buyer shall have no obligation whatsoever
 to purchase any Shares or make any payment in respect of Options, and/or pay the consideration
 and/or the earn-out pursuant to Sections 2.3 and 2.6, if not all Shares are hereby transferred
 to the Buyer and all Options are hereby cancelled in accordance with the terms hereof.

**2.2** **Option Treatment** 

(a) Prior
 to the date hereof, the Company and the board of directors of the Company have adopted such
 resolutions and taken such other actions as are necessary, including without limitation providing
 any required notices and obtaining any required consents (if any), to effectuate the provisions
 of this Section 2.2(b). In addition, prior to the date hereof, the Company has adopted
 such resolutions and taken such other actions as are necessary to terminate all Company option
 plans, subject to and effective as of the Closing Date. All Options shall no longer have
 any force and effect on or after the Closing Date.

(b) On
 the date hereof, without any action on the part of the Option Holders and subject to the
 Option Holders' execution of an Option Cancellation Agreement, all Options held by the Option
 Holders are cancelled in their entirety upon Closing, and the Buyer hereby agrees to make
 a cash payment to the Company to fund (i) the cash portion of the respective Option
 Settlement Payment to each Option Holder and (ii) the applicable employee portion of
 any social security contributions and any payroll taxes due on the gross Option Settlement
 Payment (the **Option Settlement Taxes**) with respect to the Preliminary Consideration
 to the Tax Authorities. The portion of the Option Settlement Payment to be delivered in Buyer
 Shares with respect to the Preliminary Consideration shall be issued by the Buyer directly
 to the respective Option Holder in accordance with the Option Cancellation Agreement.

(c) Promptly
 following the Closing, the relevant Target Company shall make the Option Settlement Payments
 with respect to the Preliminary Consideration to the Option Holders and pay the Option Settlement
 Taxes with respect to the Preliminary Consideration through its payroll processing system
 and in accordance with standard payroll practices.

**2.3** **Preliminary Consideration Payable at the Closing** 

(a) The
 consideration for the Shares, payable by the Buyer at the Closing in accordance with Section 4.2.2
 (the **Preliminary Consideration**) shall be an amount equal to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) USD 15,000,000
 (US Dollars fifteen million) (the **Headline Price**) comprised of (y) USD 13,000,000
 (US Dollars thirteen million) in cash (the **Cash Consideration**) and (z) USD 2,000,000
 (US Dollars two million) in shares of common stock of the Buyer (the **Buyer Shares**)
 (the **Stock Consideration**) issuable at the Closing in accordance with Section 4.2.2,

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) *(1) minus* the amount of any excess, if the Estimated Net Debt (established in accordance with Annex <u>2.3(a)(ii)</u>)
 exceeds the Net Debt Threshold, or (2) *plus* the amount of any shortfall, if the
 Estimated Net Debt (established in accordance with Annex <u>2.3(a)(ii)</u>) is less
 than the Net Debt Threshold,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) *(1) plus* the amount of any excess, if the Estimated Net Working Capital (established in accordance
 with Annex 2.3(a)(ii)) exceeds the Net Working Capital Target Amount, or (2) *minus* the amount of any shortfall, if the Estimated Net Working Capital (established in accordance
 with Annex 2.3(a)(ii)) is less than the Net Working Capital Target Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) *minus* the Option Settlement Payments with respect to the Preliminary Consideration,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) *minus* the Option Settlement Taxes with respect to the Preliminary Consideration,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) *minus* the Notified Transaction Payroll Taxes with respect to the Preliminary Consideration,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) *minus* the Notified Employee Contributions with respect to the Preliminary Consideration,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) *minus* the General Holdback Amount,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) *minus* the Transaction Expenses.

(b) The
 Preliminary Consideration shall be adjusted in accordance with Section 2.4, it being
 understood that any adjustments pursuant to Section 2.4 shall be made to the Cash Consideration
 only (and not to the Stock Consideration).

(c) The
 allocation of the amounts set forth in Section 2.3(a), and any amounts that may otherwise
 become payable or issuable at Closing to the Sellers, the Option Holders or the Company shall
 be made in accordance with the Allocation Statement.

(d) Subject
 to Section 2.5, the number of Buyer Shares to be issued to the relevant Seller in respect
 of the Stock Consideration shall be determined by dividing the portion of the Stock Consideration
 (in USD) to be delivered to the relevant Seller by the higher of (i) the volume-weighted
 average price (VWAP) of the Buyer Shares on Nasdaq for the thirty (30) full trading days
 immediately preceding (but excluding) the Closing Date and (ii) USD 5.88 (such
 higher amount, the **Applicable Share Price**), rounded down to the next full number of
 Buyer Shares (with no cash consideration being due for any fraction).

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(e) All
 Buyer Shares issued as Stock Consideration shall be issued pursuant to applicable exemptions
 from registration pursuant to applicable U.S. Securities Laws and shall bear customary restrictive
 legends and be subject to the lock-up set forth in Section 5.5.

**2.4** **Determination of Adjustments and Adjustment Payments** 

**2.4.1** **Determination of Adjustments** 

The Final Net Debt, the Final Net Working Capital, the Final Employee Contributions and the Final Transaction Payroll Taxes shall be determined by establishing the Final Closing Accounts and the Final Adjustment in accordance with Annex <u>2.4.1</u>. The Preliminary Consideration, as adjusted in accordance with this Section 2.4, together with any Earn-out Consideration payable pursuant to Section 2.6, shall be referred to hereinafter as the **Purchase Price**.

**2.4.2** **Net Debt Adjustment** 

(a) If
 the Final Net Debt is greater than the Estimated Net Debt, the Cash Consideration shall be
 reduced by the amount of such excess, and the Sellers shall, subject to and in accordance
 with Section 2.4.6 and subject to Section 2.7 pay that amount to the Buyer.

(b) If
 the Final Net Debt is less than the Estimated Net Debt, the Cash Consideration shall be increased
 by the amount of such shortfall, and the Buyer shall, subject to and in accordance with Section 2.4.6,
 pay that amount to the Sellers.

**2.4.3** **Net Working Capital Adjustment** 

(a) If
 the Final Net Working Capital is greater than the Estimated Net Working Capital, the Cash
 Consideration shall be increased by the amount of such excess, and the Buyer shall, subject
 to and in accordance with Section 2.4.6, pay that amount to the Sellers.

(b) If
 the Final Net Working Capital is less than the Estimated Net Working Capital, the Cash Consideration
 shall be reduced by the amount of such shortfall, and the Sellers shall, subject to and in
 accordance with Section 2.4.6 and subject to Section 2.7, pay that amount to the
 Buyer.

**2.4.4** **Employee Contributions Adjustment** 

(a) If
 the Final Employee Contributions are greater than the Notified Employee Contributions, the
 Cash Consideration shall be reduced by the amount of such excess, and the relevant Seller
 shall, subject to and in accordance with Section 2.4.6 and subject to Section 2.7,
 pay that amount to the Buyer.

(b) If
 the Final Employee Contributions are less than the Notified Employee Contributions, the Cash
 Consideration shall be increased by the amount of such shortfall, and the Buyer shall, subject
 to and in accordance with Section 2.4.6, pay that amount to the relevant Seller.

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**2.4.5** **Transaction Payroll Taxes Adjustment** 

(a) If
 the Final Transaction Payroll Taxes are greater than the Notified Transaction Payroll Taxes,
 the Cash Consideration shall be reduced by the amount of such excess, and the Sellers shall,
 subject to and in accordance with Section 2.4.6 and subject to Section 2.7, pay
 that amount to the Buyer.

(b) If
 the Final Transaction Payroll Taxes are less than the Notified Transaction Payroll Taxes,
 the Cash Consideration shall be increased by the amount of such shortfall, and the Buyer
 shall, subject to and in accordance with Section 2.4.6, pay that amount to the Sellers.

**2.4.6** **Payment of the Adjustments** 

(a) All
 amounts required to be paid by the Parties pursuant to Sections 2.4.2 through 2.4.5
 shall be aggregated or offset against each other, as applicable.

(b) The
 balance determined pursuant to Section 2.4.6(a), plus the interest accrued thereon from
 and including the Closing Date to and excluding the date on which such balance and interest
 is paid pursuant to this Section 2.4.6(b), calculated in accordance with Section 6.3(a),
 shall be paid (subject to Section 2.5) by or on behalf of the relevant Party by wire
 transfer of immediately available funds in USD to the bank account designated in writing
 by the Party entitled to receive such payment within ten (10) Business Days after
 the earlier of (i) the Proposed Adjustment becoming final and binding on the Parties
 pursuant to clause 1(b) of Annex 2.4.1 and (ii) the delivery by the Appraiser
 (as defined in Annex 2.4.1) of his or her determination of the Final Adjustment to the
 Parties pursuant to clause 1(d) of Annex 2.4.1.

**2.5** **Employee Contributions; Transaction Payroll Taxes** 

(a) To
 the extent that any amounts payable under this Agreement to any of the Sellers who are or
 were employees or directors of any Target Company (the **Employee Shareholders**) will
 be qualified as taxable salary (the **Taxable Salary**), the Buyer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) on
 behalf of these Employee Shareholders deduct from any amounts payable under this Agreement
 any Taxes to be borne by the Employee Shareholders in respect of the Taxable Salary, in each
 case where such Taxes are to be paid and/or withheld by a Target Company (the **Employee Contributions**) under applicable Tax law (and each of the Sellers who is an Employee Shareholder
 agrees to any such deduction); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) pay
 (and each of the Sellers who is an Employee Shareholder directs the Buyer to pay) to the
 relevant Target Company the Employee Contributions and the Transaction Payroll Taxes in accordance
 with this Agreement.

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(b) Prior
 to the date hereof, the Sellers have notified the Buyer of the details of the amounts of
 the Employee Contributions with respect to the Preliminary Consideration (if any) for each
 Employee Shareholder (the **Notified Employee Contribution Amounts**) and the Transaction
 Payroll Taxes with respect to the Preliminary Consideration (the **Notified Transaction Payroll Taxes**).

(c) The
 relevant Target Company will be responsible for the payment of the Employee Contributions
 and Transaction Payroll Taxes to the competent Tax Authority, including but not limited to
 the amounts notified in accordance with Section 2.5(b).

(d) For
 the calculation of the Employee Contribution amounts and the Transaction Payroll Taxes with
 respect to the Shares held by the Employee Shareholders, the Parties agree that the calculations
 shall take into account the Shares held by PE, MD and MG and that such Taxes shall be determined
 in accordance with the Swiss Federal Tax Administration Circular 37 of October 30, 2020.
 The formula value per Share for purposes of such calculation shall be determined pursuant
 to the practitioner's method in accordance with the Swiss Tax Conference Circular 28 of August 28,
 2008.

(e) If
 a Tax Ruling confirmation is received at any time prior to November 30, 2026, the Buyer
 shall instruct the relevant Target Company to recompute the Taxes with respect to the Shares
 held by PE and/or MD, as applicable, in accordance with such Tax Ruling, and, to the extent
 the Employee Contribution amounts and the Transaction Payroll Taxes previously calculated
 and withheld in accordance with Section 2.5(d) exceed the Taxes actually due to
 the competent Tax Authority, to (i) remit the Taxes actually due to the competent Tax
 Authority and (ii) promptly pay the excess amount so withheld to PE and/or the Sellers,
 as applicable. If no Tax Ruling reasonably satisfactory to the Buyer is received prior to
 November 30, 2026, the Buyer shall instruct the relevant Target Company to pay the Employee
 Contribution amounts and the Transaction Payroll Taxes calculated and withheld in accordance
 with Section 2.5(d) with respect to the shares held by PE and/or MD, as applicable,
 to the competent Tax Authority, with no further right of adjustment of any Seller.

(f) For
 the avoidance of doubt, the provisions of Sections 2.5(d) and 2.5(e) shall
 apply to any amounts payable under this Agreement to any of the Employee Shareholders.

**2.6** **Earn-out** 

**2.6.1** **Earn-out Consideration** 

In addition to the Preliminary Consideration, as adjusted pursuant to Section 2.4, the Sellers shall be eligible to receive contingent consideration in an aggregate amount of up to USD 8,000,000 (US Dollars eight million) (the **Earn-out Consideration**), subject to the achievement of the milestones and the terms, conditions and calculations set forth in this Section 2.6, including without limitation Section 2.6.5(e). The Earn-out Consideration shall be payable solely in Buyer Shares and no portion of the Earn-out Consideration shall be payable in cash.

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**2.6.2** **Earn-out Statements; Determination and Dispute Resolution** 

(a) For
 each earn-out component described in this Section 2.6, the Buyer shall prepare a statement
 setting forth in reasonable detail the calculation of the applicable Proposed Earn-out Amount
 and the underlying metrics (each, a **Proposed Earn-out Statement**) and deliver such
 Proposed Earn-out Statement to the Sellers' Representative within the time period set forth
 in Section 2.6.3 or Section 2.6.4, as applicable.

(b) Each
 Proposed Earn-out Statement and the related Proposed Earn-out Amount shall become final and
 binding on the Parties on the twentieth (20th) Business Day after delivery thereof to the
 Sellers' Representative, unless the Sellers's Representative gives notice of its objection
 to the Proposed Earn-out Statement and the Proposed Earn-out Amount (an **Earn-out Notice of Objection**) to the Buyer prior to such date. Any Earn-out Notice of Objection shall
 specify in reasonable detail the Sellers' Representative's objections and the reasons therefor.
 If the Sellers' Representative timely delivers an Earn-out Notice of Objection to the Buyer,
 (i) the dispute resolution mechanisms set forth in Annex 2.4.1 shall apply *mutatis mutandis* as though references to the Proposed Closing Accounts, the Proposed Adjustment,
 the Final Closing Accounts and the Final Adjustment were to the Proposed Earn-out Statement,
 the Proposed Earn-out Amount, the Final Earn-out Statement and the Final Earn-out Amount,
 respectively, and (ii) the Proposed Earn-out Statement and the Proposed Earn-out Amount
 shall become final and binding on the Parties on the earliest of (A) the Proposed Earn-out
 Statement and the Proposed Earn-out Amount becoming final and binding pursuant to clause 1(b) of
 Annex 2.4.1 (applying *mutatis mutandis*), or (B) the delivery of a final
 arbitration award pursuant to clause 1(k) of Annex 2.4.1 (applying *mutatis mutandis*).

**2.6.3** **Earn-out Component 1: 12-Month Recurring Revenue** 

(a) The
 first component of the Earn-out Consideration shall be measured over the 2027 calendar year
 (the **Earn-out 1 Period**) and shall be based on Recurring Revenue recognized by the
 Company during the Earn-out 1 Period.

(b) An
 amount of up to USD 3,000,000 (US Dollars three million) shall be payable on a dollar-for-dollar
 basis for Recurring Revenue recognized during the Earn-out 1 Period; provided that, for the
 avoidance of doubt, the maximum amount payable under this Section 2.6.3 shall not exceed
 USD 3,000,000 (US Dollars three million).

(c) Within
 forty-five (45) Business Days after the end of the Earn-out 1 Period, the Buyer shall deliver
 to the Sellers' Representative the Proposed Earn-out Statement for this component pursuant
 to Section 2.6.2, and, upon the Final Earn-out Amount becoming final and binding, the
 Buyer shall issue the corresponding number of Buyer Shares constituting the Earn-out Consideration
 for this component within thirty (30) Business Days thereafter.

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(d) Subject to Section 2.6.5(e), for purposes of calculating the number of Buyer Shares to be issued
to the relevant Seller in respect of any Final Earn-out Amount under this Section 2.6.3, the relevant price per Buyer Share shall
be determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If the volume-weighted average price (VWAP) of the Buyer Shares on Nasdaq for the thirty (30) full trading
days immediately preceding (but excluding) the relevant issuance date of Buyer Shares under this Section 2.6.3 is less than or equal
to one-hundred-fifty percent (150%) of the Applicable Share Price, then the relevant price per Buyer Share shall be the Applicable Share
Price; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the volume-weighted average price (VWAP) of the Buyer Shares on Nasdaq for the thirty (30) full trading
days immediately preceding (but excluding) the relevant issuance date of Buyer Shares under this Section 2.6.3 is greater than one-hundred-fifty
percent (150%) of the Applicable Share Price, then the relevant price per Buyer Share shall be two-third (2/3) of such VWAP,

it being agreed that the number of Buyer Shares to be issued shall always be rounded down to the next full number of Buyer Shares (with no cash consideration being due for any fraction).

See table below for illustration purposes only, assuming an Applicable Share Price of USD 6.00 and assuming the earn-out paid to the Sellers under this Section 2.6.3 amounts to USD 3,000,000:

---

| | | | |
|:---|:---|:---|:---|
| VWAP of Buyer<br> Shares on Nasdaq<br> for 30 full trading <br> days immediately <br> preceding issuance date<br> (in USD) | VWAP used for the<br> calculation of the<br> number of Buyer<br> Shares to be issued<br> (in USD) | Number of Buyer <br> Shares to be issued | Value delivered |
| 6 | 6 | 500000 | 3000000 |
| 7.5 | 6 | 500000 | 3750000 |
| 9 | 6 | 500000 | 4500000 |
| 10 | 6.666666667 | 450000 | 4500000 |
| 11 | 7.333333333 | 409090 | 4499990 |
| 12 | 8 | 375000 | 4500000 |
| 15 | 10 | 300000 | 4500000 |

---

**2.6.4** **Earn-out Component 2: [\*\*\*]** 

(a) The second component of the Earn-out Consideration shall be payable if, on or before December 31,
2027, any Target Company enters into one or more agreements with (i) [\*\*\*], and/or (ii) [\*\*\*] (or any other reseller / distributor)
(each a **Government Counterparty**), each having a term of at least five (5) years, that (1) are fully prepaid or (2) if
not fully prepaid, constitute a binding purchase commitment similar to a fully prepaid agreed but are paid on an annual basis, as reasonably
and in good faith assessed by the Buyer (each, a **Qualifying Agreement**). For each Qualifying Agreement, the earn-out base shall
be the positive difference between (i) the total Recurring Revenue under such agreement over its full contractual term and (ii) the
aggregate amount by which the acquisition cost of the devices from the Target Companies' supplier exceeds the resale price of such devices
to the relevant Government Counterparty, if any, incurred in connection with such Qualifying Agreement (the **Agreement Base Recurring Revenue**). For the avoidance of doubt, any and all Recurring Revenue under a Qualifying Agreement shall be applied exclusively to the
calculation of the Component 2 Earn-out Amount (as defined below) and shall not be (double-)counted towards the earn-out under Section 2.6.3,
even if paid during the Earn-out 1 Period, subject to the following exception: if the Target Companies enter into Qualifying Agreements
with both Government Counterparties, then any excess Agreement Based Recurring Revenue generated under (and only) the second (in terms
of the date of execution) Qualifying Agreement may be counted towards the earn-out under Section 2.6.3, subject to the terms and
conditions of Section 2.6.3. For the purpose of the preceding sentence, the excess Agreement Based Recurring Revenue shall mean the
Agreement Based Recurring Revenue under the second Qualifying Agreement which has not been taken into account in the calculation of the
Component 2 Earn-Out under this Section 2.6.4 because the maximum Component 2 Earn-out Amounts of USD 5,000,000 has been reached.

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(b) For each Qualifying Agreement, the earn-out amount shall be calculated as follows (each, a **Component 2 Earn-out Amount**):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 5-year term: (Agreement Base Recurring Revenue ÷ 5) × 3;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 6-year term: (Agreement Base Recurring Revenue ÷ 6) × 3.5;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 7-year term: (Agreement Base Recurring Revenue ÷ 7) × 4;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) 8-year term: (Agreement Base Recurring Revenue ÷ 8) × 4.5;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) 9-year term: (Agreement Base Recurring Revenue ÷ 9) × 5;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) 10-year term: (Agreement Base Recurring Revenue ÷ 10) × 6,

provided, however, that (i) the total Component 2 Earn-out Amounts across all Qualifying Agreements pursuant to this Section 2.6.4(b) shall not exceed USD 5,000,000 in the aggregate, and (ii) each Qualifying Agreement shall be considered individually for purposes of meeting any of the relevant Earn-out Consideration milestones.

(c) Within forty-five (45) Business Days after the earlier of (i) receipt by the relevant Target Company
of prepayments under Qualifying Agreements, resulting in the entitlement to the maximum Component 2 Earn-out Amount of USD 5,000,000
calculated pursuant to Section 2.6.4(b), and (ii) December 31, 2027, the Buyer shall deliver to the Sellers' Representative
the Proposed Earn-out Statement for this component pursuant to Section 2.6.2, and, upon the Final Earn-out Amount becoming final
and binding, the Buyer shall issue the corresponding number of Buyer Shares constituting the Earn-out Consideration for this component
within thirty (30) Business Days thereafter; provided, however, that any Earn-out Consideration issued in respect thereof shall be subject
to the claw-back set forth in Section 2.6.4(e).

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(d) The number of Buyer Shares to be issued in respect of any Final Earn-out Amount under this Section 2.6.4
shall be determined pursuant to Section 2.6.3(d).

(e) If a Target Company is obliged to refund, credit or otherwise return any portion of a prepayment under
a Qualifying Agreement or a Government Authority does not fully comply with its purchase commitments and/or payment obligations under
a Qualifying Agreement that was not or only partially pre-paid or terminates such binding agreement, in either case in respect of which
Earn-out Consideration was issued, then any previously issued Earn-out Consideration in excess of the recalculated amount shall be clawed-back
by way of return of Buyer Shares by the Sellers (or, if return is not practicable, cash payment equal to the higher of (i) the fair
market value of such excess Buyer Shares as of the issuance date and (ii), in case of divestment and/or transfer of these excess Buyer
Shares by the relevant Seller, the fair market value thereof as at the time of divestment and/or transfer).

(f) The Buyer shall keep the Sellers' Representative reasonably informed, on a timely basis, of all material
developments relating to any Qualifying Agreement or Additional Agreement, including by (i) providing copies of any drafts or material
correspondence exchanged with the relevant Government Counterparty, (ii) giving the Sellers a reasonable opportunity to comment on
material drafts (provided that such comments shall be non-binding), and (iii) promptly notifying the Sellers once a Qualifying Agreement
or Additional Agreement is entered into.

**2.6.5** **General Earn-out Provisions** 

(a) All earn-out metrics, including Recurring Revenue and Agreement Base Recurring Revenue, shall be calculated
in accordance with U.S. GAAP, and consistent with previous accounting policies, provided any such practices do not conflict with U.S.
GAAP. There shall be no duplication between components; amounts counted toward one component shall not be counted toward the other.

(b) The Earn-out Consideration shall be the Sellers' sole right to contingent
consideration. Except as expressly set forth otherwise in this Section 2.6.5(b), nothing in this Agreement shall be construed
to require the Buyer or any Target Company to operate the business in any particular manner, provided, however, that the Buyer must procure
that during the Earn-Out Period, except with the prior written consent of the Sellers' Representative (which consent shall not be unreasonably
withheld or delayed), neither the Buyer nor any Target Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) until December 31, 2027, increase the fees or materially change the
terms set forth in (i) the quote number [\*\*\*] dated July 30, 2025 submitted by the Subsidiary to [\*\*\*] for [\*\*\*] attached hereto
as <u>Annex</u> <u>2.6.5(b)(i)(i)</u>, and/or (ii) <u>Annex 2.6.5(b)(i)(ii)</u> on which basis the Company
or the Subsidiary intends to draft and submit a quote to [\*\*\*] (or any other reseller / distributor) for [\*\*\*]. Notwithstanding the foregoing,
such fees or terms may be adjusted upon the occurrence of any of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) a Force Majeure Event;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) cumulative inflation in Germany exceeding ten per cent (10%) from the baseline date of July 30, 2025,
as measured by the official German consumer price index (*Verbraucherpreisindex*);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) cumulative inflation in France exceeding ten per cent (10%) from the baseline date of the Closing Date,
as measured by the official French consumer price index (*Indice des prix à la consommation*); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) a significant and sustained disruption in the supply chain for key raw materials or components resulting
in an increase of more than ten per cent (10%) in the direct costs of manufacturing or distribution as compared to such costs as at July 30,
2025 (for the relationship with [\*\*\*]) or the Closing Date (for the relationship with [\*\*\*] *))*, as applicable; provided that the
Buyer provides reasonable evidence of such cost increase and its direct link to the supply chain disruption;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(E) a change to the quote's terms and conditions requested by the respective Government Counterparty (including,
but not limited to, a reduction in the number of devices and/or services requested / ordered or a reduction in the contract
term);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(F) a change in the technical specifications and/or scope of the requested / ordered products and/or
services which were not contemplated in the quote, whether requested by the respective Government Counterparty or required by newly discovered
circumstances;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(G) a change in any applicable law, regulation, or binding administrative or judicial order or interpretation
after the date hereof that materially increases the cost of performance for the Company or the Subsidiary, as applicable; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) the imposition of any new or increased taxes, duties, tariffs, or other governmental levies on the goods
or services provided, other than taxes on income; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) take any action in bad faith with the primary purpose of avoiding or reducing the earn-out.

(c) All Buyer Shares issued as Earn-out Consideration shall be issued pursuant to applicable exemptions from
registration and shall bear customary restrictive legends and be subject to the lock-up set forth in Section 5.5.

(d) If the Buyer has given a notice or notices of claims or a Notice of Breach to the Sellers' Representative,
then the Buyer shall be entitled to withhold the delivery of Earn-out Consideration otherwise due, up to the amount(s) notified in
such notice(s), until any claims of the Buyer against any of the Sellers notified in the notice(s) have been finally and bindingly
settled among the Parties or adjudicated in a final and binding arbitral award issued pursuant to Section 11.2.

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(e) The Buyer shall be entitled to (i) deduct and withhold from any Final Earn-out Amount established
in accordance with this Section 2.6 the Option Settlement Payment with respect to such Final Earn-out Amount, the Option Settlement
Taxes with respect to such Final Earn-out Amount and the Transaction Payroll Taxes with respect to such Final Earn-out Amount, and (ii) pay
such withholdings or parts thereof to the relevant Target Company or the relevant Option Holder, as applicable. The relevant Target Company
will be responsible for the payment of the Taxes to the competent Tax Authority.

(f) Notwithstanding any other provision of this Agreement to the contrary, a Seller shall irrevocably forfeit
and cease to have any right to receive any Buyer Shares yet to be issued to such Seller in respect of any Final Earn-out Amount (whether
such Final Earn-out Amount has become final and binding or is pending determination) if, at any time prior to the issuance of such Buyer
Shares: (i) such Seller's employment with the relevant Target Company or Buyer is terminated by the relevant Target Company or Buyer
for a reason that would qualify as "cause" (*wichtiger Grund*) under article 337 CO, provided that such termination has
been ruled by a competent court in a final judgment to constitute justified termination for cause; or (b) such Seller is in breach
of any of the restrictive covenants set forth in Section 5.3(a) or Section 5.3(b).

(g) Notwithstanding any other provision of this Section 2.6, the Buyer's obligation to issue any Buyer
Shares or otherwise pay any Earn-out Consideration to any Seller shall be conditional upon each Seller who has indicated that he, she
or it is a Non-U.S. Person or Accredited Investor delivering to the Buyer, on or prior to the applicable date on which such Buyer Shares
are to be issued or such Earn-out Consideration is to be paid, a certificate, in form and substance reasonably satisfactory to the Buyer,
confirming that the representations set forth in Section 10 of Annex 7.1(a)(i) are true and correct in all respects as of such
date as though made on and as of such date. For the avoidance of doubt, if any such Seller fails to deliver such certificate by the applicable
date, the Buyer shall have no obligation to issue any Buyer Shares or pay any Earn-out Consideration to such Seller in respect of the
relevant Final Earn-out Amount.

**2.7** **Holdback** 

(a) The Buyer hereby has the right to withhold (i) an amount of USD 1,300,000
(US Dollars one million three hundred thousand) from the Cash Consideration and (ii) a number of Buyer Shares (to be issued)
equal to 10% of the Stock Consideration (together the **General Holdback Amount**) from the Preliminary Consideration. The cash portion
of the General Holdback Amount shall be credited to a separate, dedicated account in the name of the Buyer, over which the Buyer shall
have full control regarding its investment and management. Any interest accrued on these funds, after deducting any applicable fees and
Taxes, shall be credited to the Sellers and Option Holders, as applicable, and be paid to the Sellers and Option Holders, as applicable,
at the same time as the last portion of the cash portion of the General Holdback Amount is paid to them. The General Holdback Amount shall
serve to secure the proper fulfilment by the Sellers of any of their obligations, and any claims the Buyer may have against the Sellers,
under or in connection with this Agreement, including, without limitation, (i) any claims related to Taxes on Taxable Salaries (employer
and employee contributions), (ii) any purchase price adjustments pursuant to Section 2.4, (iii) any claw-back right pursuant
to Section 2.6.4(e), and (iv) any indemnification claims pursuant to Section 8. Subject to any notification by the Buyer
to the Sellers, the General Holdback Amount shall be released by the Buyer to the Sellers twelve (12) months after the Closing Date to
the account designated by the Sellers. If the Buyer has given a notice or notices of claims or a Notice of Breach to the Sellers' Representative,
then the Buyer shall be entitled to continue to withhold the General Holdback Amount, up to the amount(s) notified in such notice(s),
until any claims of the Buyer against any of the Sellers notified in the notice(s) have been finally and bindingly settled among
the Parties or adjudicated in a final and binding arbitral award issued pursuant to Section 11.2. For the avoidance of doubt, the
Buyer's right to withhold the General Holdback Amount under this Section 2.7 is in addition to, and without prejudice to, the Buyer's
rights under Section 2.6.5(d), provided that the Buyer shall not withhold more than once in respect of the same Loss. Any amount
recovered by the Buyer from the General Holdback Amount shall reduce the amount that the Buyer is entitled to set off against the Earn-out
Consideration in respect of the same Loss, and vice versa.

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(b) The Buyer shall be entitled to (i) deduct and withhold from any amount released from the General
Holdback Amount (the **Holdback Release Amount**) the Transaction Payroll Taxes with respect to such Holdback Release Amount and (ii) pay
such Taxes to the relevant Target Company. The relevant Target Company will be responsible for the payment of the Taxes to the competent
Tax Authority.

**3.** **Allocation Statement** 

(a) Prior to the date hereof, the Company has prepared and delivered to Buyer a final spreadsheet dated as
of the Closing Date, reasonably satisfactory to Buyer, attached hereto as <u>Annex 3</u> (the **Allocation Statement**).

(b) The Allocation Statement is accompanied by reasonably detailed back-up documentation for the calculations
contained therein. The Company shall make available to Buyer and its Representatives the work papers (subject to the execution of customary
work paper access letters, if requested) and other books and records used in preparing the Allocation Statement and reasonable access
to employees of the Company as Buyer may reasonably request in connection with its review of the Allocation Statement, and will otherwise
cooperate in good faith with Buyer's and its Representatives review and shall take into consideration in good faith any comments of Buyer
on the Allocation Statement. Notwithstanding the foregoing, in no event will any of Buyer's rights be considered waived, impaired or otherwise
limited as a result of Buyer not having made an objection prior to the date hereof or it having made an objection that is not fully implemented
in a revised Allocation Statement, as applicable.

**4.** **Closing** 

**4.1** **Date and Place** 

The Closing shall take place on the date hereof, remotely by means of an exchange of electronically scanned copies of the executed Transaction Documents.

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**4.2** **Closing Actions** 

**4.2.1** **Actions by the Sellers** 

The Sellers have, or have caused their Affiliates to, deliver to the Buyer or its designated Affiliates the documents set forth in <u>Annex 4.2.1</u>.

**4.2.2** **Actions by the Buyer** 

The Buyer has, or has caused its Affiliates to, perform the actions set forth in <u>Annex 4.2.2</u>.

**4.2.3** **Concurrent Closing Actions** 

The closing actions of the Parties shall be effected concurrently with, and in exchange for (*Zug um Zug*) each other pursuant to article 82 CO. All documents and items delivered at the Closing pursuant to this Section 4.2 shall be held by the recipient to the order of the Person delivering the same until such time as Closing shall be deemed to have taken place. All documents to be delivered by the Parties at the Closing in accordance with this Section 4.2 shall be deemed to have been executed and delivered and shall cease to be held to the order of the Person delivering them and Closing shall be deemed to have occurred only if and when all such documents have been delivered in accordance with this Agreement (or their delivery waived by the Person entitled to receive the relevant document or item) and the electronic funds transfers in accordance with clauses (b), (d) and (f) of Annex 4.2.2 have been received.

**5.** **Other Covenants** 

**5.1** **Press Releases and Other Public Announcements** 

Following the date of this Agreement, any public announcement in connection with the transactions contemplated by this Agreement by a Seller shall only be issued after the Parties shall have consulted and agreed on the contents and timing of such public announcement. Notwithstanding the foregoing, nothing in this Agreement shall restrict or prohibit:

(a) any announcement or disclosure required by Law, any competent Governmental
Authority or any competent securities exchange or applicable securities Laws or stock exchange regulations ;

(b) the Buyer or any Target Company from informing its service providers, customers
or other interested parties of the transactions contemplated by this Agreement at any time after the Closing ;

(c) the Parties from making any disclosure to any of their or the Target Companies'
Representatives who are required to receive such information to carry out their duties (conditional upon any such Person agreeing to keep
such information confidential for so long as the Parties are obligated to do so in accordance with this Section 5.1, any other provision
of this Agreement or applicable Law) ;

(d) subject to prior consultation with the Sellers' Representative, a customary deal announcement by the Buyer
and/or any Target Company following the Closing.

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**5.2** **Release** 

(a) Each Seller, for itself, himself or herself, and its, his or her heirs, personal representatives, successors
and assigns (collectively, the **Releasors**), hereby (i) forever fully and irrevocably waives, releases and discharges Buyer,
each Target Company, and each of their respective predecessors, successors, direct or indirect subsidiaries and all current equityholders,
members, managers, directors, officers, consultants, employees, agents, Representatives, and other representatives (collectively, the **Buyer Released Persons**) from any and all actions, suits, claims, demands, debts, agreements, obligations, promises, judgments,
or liabilities of any kind whatsoever in law or equity and causes of action of every kind and nature, or otherwise (including, claims
for damages, costs, expenses, and attorneys', brokers' and accountants' fees and expenses) arising out of or related to events, facts,
conditions or circumstances in connection with a Target Company existing or arising prior to the Closing Date (and excluding, for the
avoidance of doubt, any claims under this Agreement or any other Transaction Document), which the Releasors can, shall or may have against
the Buyer Released Persons, whether known or unknown, suspected or unsuspected, unanticipated as well as anticipated (collectively, the **Released Claims**), and (ii) irrevocably agrees to refrain from directly or indirectly asserting any claim or demand or commencing
(or causing to be commenced) any such Action against any Buyer Released Person based upon any Released Claim.

(b) The Buyer shall not make any claim against any Seller and each of their respective predecessors, successors,
direct or indirect subsidiaries and all current equityholders, members, managers, directors, officers, consultants, employees, agents,
Representatives, and other representatives (the **Seller Released Persons**) in connection with such Seller's ownership or control
of the Target Companies in the period up until (and including) the Closing Date. For the avoidance of doubt, the foregoing release does
not cover (and, for purposes of clarity, such matters are not hereby released or discharged): (i) any claims or rights under this
Agreement, any other Transaction Document or otherwise in connection with the transactions contemplated hereby or thereby and (ii) any
claims made for or recoveries in respect of fraud (*Betrug*), intentional deceit (*absichtliche Täuschung*, within the
meaning of article 28 CO, article 192(3) CO and article 199 CO) or willful misconduct.

(c) The Buyer will procure that discharge is granted to each member of the board of directors and the officers
of each Target Company with respect to his acts or omissions in such capacity occurring on or before the Closing Date (i) promptly
after the Closing, and (ii) at the first ordinary shareholders' or members' meeting of such Target Company following the Closing.
For the avoidance of doubt, the foregoing discharge does not cover (and, for purposes of clarity, such matters are not hereby released
or discharged): (i) any claims or rights under this Agreement, any other Transaction Document or otherwise in connection with the
transactions contemplated hereby or thereby (including any of the Buyer's rights to make claims against the Sellers under this Agreement)
and (ii) any claims made for or recoveries in respect of fraud (*Betrug*), intentional deceit (*absichtliche Täuschung*,
within the meaning of article 28 CO, article 192(3) CO and article 199 CO) or willful misconduct.

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**5.3** **[\*\*\*]** 

**5.4** **Confidentiality** 

(a) The confidentiality agreement executed by the Buyer and the Company on May 5, 2025, as amended
on February 19, 2026 (the **Confidentiality Agreement**) shall terminate on the date hereof, without prejudice to any rights,
liabilities and obligations that have accrued prior to such termination.

(b) Each Seller and the Buyer shall, and shall cause their respective Affiliates and Representatives to, treat
and hold as confidential all of the terms and conditions of the transactions contemplated by this Agreement, this Agreement or any other
Transaction Document (and which shall, for the avoidance of doubt, include the Purchase Price), subject to Section 5.1. In addition,
each Seller shall, and shall cause its respective Affiliates and Representatives to, treat and hold as confidential all other information,
data, know-how, trade secrets, business plans, financial information, customer information, technical information and any other non-public
information concerning the Target Companies.

(c) Section 5.4(b) shall not prevent disclosure by a Party to the extent it can demonstrate that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) disclosure is required by Law, by any stock exchange regulations or any Governmental Authority having
jurisdiction; *provided, however,* that the disclosing Party shall (to the extent permitted by Law and to the extent reasonably feasible
in light of the circumstances and timing of the required disclosure) first inform the other Party(ies) of its intention to disclose confidential
information and to the extent reasonably practicable take into account their reasonable comments;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) disclosure is of confidential information which has previously become publicly available other than through
that Party's breach of its obligations hereto (or that of his, her or its Representatives);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) disclosure is made to a Tax Authority or Tax or other professional advisor in circumstances where such
disclosure is reasonably necessary for the management of the Tax affairs of any Seller, any Affiliate of a Seller, the Buyer or any Affiliate
of the Buyer and, to the extent legally permissible and unless a statutory obligation of confidentiality applies, shall be made subject
to a reasonable obligation of confidentiality;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) disclosure is required for the purpose of any judicial proceedings arising out of this Agreement (or any
other Transaction Document);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) disclosure is made on a confidential basis to (x) such Party's Representatives or Affiliates on an
as-needed basis or (y) prospective funding providers of the Buyer (including, without limitation, any Affiliates or their Representatives);
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) disclosure is made to any rating agencies limited to that required for such rating agency to carry out
any rating functions in connection with the Buyer's financing arrangements.

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(d) For the avoidance of doubt, nothing in this Section 5.4 shall prevent Parkview from making any disclosure
to its investors and advisors on a confidential basis, to the extent required for reporting and investment management purposes.

**5.5** **Lock-up on Stock Consideration and Earn-out Consideration; Restrictive Legends** 

(a) Each Seller agrees that, for a period of one hundred eighty (180) days from the date of issuance of (i) the
Stock Consideration or (ii) any Earn-out Consideration, such Seller shall not, directly or indirectly, offer, sell, assign, transfer,
pledge, contract to sell, grant any option to purchase or otherwise dispose of or encumber any Buyer Shares received as Stock Consideration
or Earn-out Consideration (or any securities convertible into or exercisable or exchangeable for such Buyer Shares), other than (A) transfers
to Affiliates who agree in writing to be bound by this Section 5.5, (B) transfers to the extent required by law, court order
or to satisfy Tax withholding obligations, or (C) with the prior written consent of the Buyer.

(b) Certificates or book-entries representing Buyer Shares issued as Stock Consideration or Earn-out Consideration
shall bear the following legend (or such other or additional legend as required by applicable securities laws):

"THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND THE COMPANY DOES NOT INTEND TO REGISTER THEM. THE SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, A U.S. PERSON AS DEFINED BY RULE 902(k) ADOPTED UNDER THE ACT, UNLESS THE SHARES ARE REGISTERED UNDER THE ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT IS AVAILABLE. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT."

(c) The Buyer may instruct its transfer agent to place stop-transfer notations to enforce such restrictions
during the lock-up period.

(d) In the event the Buyer conducts an underwritten public offering during the applicable lock-up period,
the Sellers shall, upon request, enter into customary lock-up agreements with the underwriters consistent with the time periods set forth
herein.

**5.6** **"Accredited Investor" / "Non-U.S. Person" representations** 

Each Seller covenants and agrees, as a condition precedent for receiving any Buyer Shares under this Agreement, to (i) deliver to the Buyer a duly updated, completed and executed suitability questionnaire in the form set forth in <u>Annex 5.6</u> and to (ii) duly complete and ensure the accuracy of the "Accredited Investor" / "Non-U.S. Person" section on the signature page of this Agreement and to make all corresponding representations related to such declaration, at the date hereof and, as if made anew, each subsequent time such Seller is to receive Buyer Shares under this Agreement, including the issuance of any Earn-Out Consideration. Each Seller shall promptly notify the Company and the Buyer of any changes to the information provided in such annex / section occurring between the date hereof and each time such Seller is to receive Buyer Shares under this Agreement.

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**6.** **Taxes, Costs, Expenses and Interest** 

**6.1** **Taxes** 

**6.1.1** **Taxes in General** 

Except as provided otherwise in this Agreement or any Transaction Document, each Party shall bear all Taxes incurred by or levied on it in connection with or as a consequence of the transactions contemplated by this Agreement or any of the Transaction Documents.

**6.1.2** **Transfer Taxes** 

Each Party shall bear any duties imposed on it by applicable Law on the transfer of the Shares (*e.g.* transfer taxes (*Umsatzabgabe*)) incurred by or levied on it in connection with the transactions contemplated by this Agreement.

**6.1.3** **Tax Refunds and Tax Credits** 

(a) The Buyer shall be entitled to, and the Sellers shall (in the event of misdirection) reimburse the Buyer
for, all refunds and credits of all Taxes for which the Buyer is responsible under this Agreement or any of the Transaction Documents
(including for breach of any of the provisions of this Agreement or any of the Transaction Documents), to the extent such refunds and
credits have not been and are not taken into account in the adjustments pursuant to Section 2.4.

(b) The Sellers shall be entitled to, and the Buyer shall (in the event of misdirection) reimburse the Sellers
for, all refunds and credits of all Taxes for which the Sellers are responsible under this Agreement or any of the Transaction Documents
(including for breach of any of the provisions of this Agreement or any of the Transaction Documents), to the extent such refunds and
credits have not been and are not taken into account in the adjustments pursuant to Section 2.4.

**6.1.4** **Tax Returns** 

(a) The Sellers shall be responsible for the timely filing (taking into account
any extensions received from the relevant Tax Authorities) of all Tax Returns required to be filed for any period ending on or before
the Closing Date with respect to the Target (or any member thereof), whether to be filed by a Target Company or by the Sellers in a consolidated,
combined or unitary Tax Return. All Taxes indicated as due and payable on such Tax Returns shall be paid by the Sellers or their
Affiliates as and when required by Law. Such Tax Returns shall be prepared on a basis consistent with the basis on which Tax Returns for
prior taxable periods were prepared, but with correctness prevailing over consistency and unless a different treatment of any item is
agreed to in advance by the Sellers and the Buyer or is required by an intervening change in Law, or other settlement entered into with
a Tax Authority, or decision of a judicial authority. The Buyer shall have the right to review any Tax Returns to be filed after the date
hereof prior to its filing with the competent Tax Authorities, and any such filing by the Sellers shall not occur without the prior consent
of the Buyer, such consent not to be unreasonably withheld.

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(b) After the Closing Date, the Sellers and the Buyer shall, and shall cause their respective Affiliates to,
(i) execute any forms necessary to file a Tax Return with respect to the Target (including any certificates or other documents required
to perfect an exemption from, or a reduction of, any Taxes imposed on any Target Company) and (ii) provide information to the other
Party regarding any Target Company in connection with (1) such other Party preparing any Tax Returns that such other Party is responsible
for preparing and filing, (2) any Tax Liability of such other Party and (3) such other Party preparing for any audits of, or
disputes with any Tax Authority regarding, any Tax Returns of any member of the Target.

**6.2** **Costs and Expenses** 

Except as expressly provided otherwise in this Agreement, each Party shall bear his or its own costs and expenses (including advisory fees) incurred in the negotiation, preparation and completion of this Agreement.

**6.3** **Interest** 

(a) The interest rate to be applied to the interest calculation set forth in Section 2.4.6(b) shall
be one percent (1%) *per annum* (calculated on the basis of the Day-Count Convention).

(b) If a Party defaults in the payment when due of any sum payable under this Agreement, such liability of
such Party shall be increased to include interest on that sum from (and including) the date when the payment is due until (and excluding)
the date of actual payment (whether before or after any judgment) at a rate of two percent (2%) *per annum* (calculated on the basis
of the Day-Count Convention).

**6.4** **Currencies** 

(a) Unless otherwise explicitly stated, all amounts due under this Agreement shall be paid in USD.

(b) Unless otherwise explicitly stated, all amounts in currencies other than
USD shall be converted to USD using the exchange rates as quoted on Bloomberg .

(c) All amounts due under this Agreement in a currency other than USD shall be paid in such currency and not
in USD.

**7.** **Representations** 

**7.1** **Representations of the Sellers** 

(a) Each Seller hereby severally (but not jointly or jointly and severally) represents and warrants to the
Buyer within the meaning of article 197 CO, in respect of himself or itself only, that the statements set forth in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Annex 7.1(a)(i)</u> (such statements together, the **Fundamental Representations**) are
true and correct in all respects as of the date of this Agreement, except that those representations and warranties which are explicitly
made as of a specific date shall be true and correct only as of such date; and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Annex 7.1(a)(ii)</u> (such statements together, the **Business Representations**) are
true and correct as of the date of this Agreement, except that those representations and warranties which are explicitly made as of a
specific date shall be true and correct only as of such date.

(b) The Business Representations are made subject to the facts, matters and circumstances set forth in the
Disclosure Letter, which disclosures qualify and constitute exceptions to the Business Representations. If a fact, matter, or circumstance
is disclosed in a section of the Disclosure Letter, it shall only be deemed to be disclosed in relation to such section of the Disclosure
Letter and shall not be deemed to be disclosed in relation to any other section of the Disclosure Letter unless such disclosure is expressly
cross-referenced therein.

(c) Where any conflict arises between, on the one hand, information made available
through an online data room, or information otherwise supplied to the Buyer or its advisors by the Sellers or the Company or their advisors
and, on the other hand, information contained in the Disclosure Letter, the information contained in the Disclosure Letter shall be solely
controlling for purposes of Section 7.1(b) .

**7.2** **Representations of the Buyer** 

The Buyer hereby represents and warrants to the Sellers within the meaning of article 197 CO that the statements set forth in <u>Annex 7.2</u> (the **Buyer Representations**) are true and correct as of the date of this Agreement, except that those representations and warranties which are explicitly made as of a specific date shall be true and correct only as of such date.

**7.3** **Exclusive Representations** 

(a) The Buyer acknowledges that, other than as expressly provided in this Agreement but without limiting any
claim as to fraud, intentional misrepresentation and willful misconduct, the Sellers have not made and do not make, and the Buyer has
not relied and does not rely on, any representation or warranty, express or implied, pertaining to the subject matter of this Agreement.
In particular but without limiting any claim as to fraud, intentional misrepresentation and willful misconduct, the Buyer acknowledges
that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Sellers are not making any representations as to budgets, business plans, forward-looking statements,
statements of intent or opinion and other projections of a financial, technical or business nature relating to the business of any of
the Target Companies, except as expressly set forth in this Agreement, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) nothing in any of the information or documents made available to the Buyer prior to the date hereof shall
be deemed to constitute a representation or warranty, except as expressly set forth in this Agreement.

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(b) The Sellers acknowledge that, other than as expressly provided in this Agreement or any other Transaction
Document but without limiting any claim as to fraud, intentional misrepresentation and willful misconduct, the Buyer has not made and
does not make, and the Sellers have not relied and do not rely on, any representation or warranty, express or implied, pertaining to the
subject matter of this Agreement.

**8.** **Indemnification** **by the Sellers** 

**8.1** **Taxes** 

Subject to Section 9 and Section 10.8, from and after the Closing, the Sellers shall, irrespective of any fault and irrespective of any disclosure made in the Disclosure Letter, indemnify and hold harmless, on a USD-to-USD basis and without double recovery, the Buyer and each of its Affiliates (including the Target Companies) from and against, and in respect of, and shall reimburse the Buyer and each of its Affiliates (including the Target Companies) all Taxes (or damages resulting from their non-payment) relating to the Target Companies and relating to the period up to and including the Closing Date that have not (i) been paid in full on or before the Closing Date; (ii) been fully covered by provisions in the Final Closing Accounts that have been taken into account in the purchase price adjustments pursuant to Section 2.4; or (iii) been fully covered by provisions in the Financial Statements, including:

(a) Tax Liabilities (whether incurred or assessed before or after Closing Date) in connection with matters
(whether acts, omissions, events or business transactions) occurring up to and including Closing Date;

(b) Tax Liabilities relating to capital, equity, income, profits and gains earned or received up to and including
the Closing Date;

(c) Liabilities for Taxes of another person as a result of its inclusion in a consolidated, combined or group
Tax Return up to and including the Closing Date;

(d) all Taxes arising out of or in connection with any payment to or for the benefit of the Sellers under
this Agreement or the Option Holders under the Option Cancellation Agreements, including any Taxes required to be withheld in connection
with any payment to or for the benefit of the Sellers under this Agreement or the Option Holders under the Option Cancellation Agreements
to the extent they have not been withheld in accordance with Section 2.5;

(e) all Taxes in connection with transactions or agreements between the Target Companies themselves or between
a Target Company on the one hand and the Sellers or one of their Affiliates on the other hand, which are not considered by the competent
Tax Authority to be at arm's length; and

(f) Tax Liabilities for which the Sellers are responsible in accordance with Section 6.1.4.

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**8.2** **General Indemnification** 

(a) The Sellers shall, irrespective of any fault and, except in respect of Section 8.2(a)(ii), irrespective
of any disclosure made in the Disclosure Letter, be liable to the Buyer and its Affiliates (including the Target Companies following Closing)
and their respective successors and assigns (the **Buyer Indemnitees**), subject to the limitations set forth in this Agreement, including
Section 9 and Section 10.8 (except that Section 9.4(c) shall not apply with respect to Losses incurred in relation
to the matters listed in Section 8.2(a)(vi) below), for any Losses, calculated on a USD-to-USD basis and without double recovery,
incurred or sustained by the Buyer Indemnitees as a result of or attributable or related to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any breach or violation of any of the Fundamental Representations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any breach or violation of any of the Business Representations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any breach or violation of any covenant, undertaking or agreement of the relevant Seller contained in
this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) any Third Party Claim or Action asserting ownership or other rights in, or disputing the Target Companies'
right to use and exploit, any Target Intellectual Property Rights;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the reclassification of any individual engaged by a Target Company as an independent contractor or consultant
prior to the Closing Date as an employee by any Governmental Authority or triggered by an employment offer by a Target Company to such
individual after the Closing Date (including all back wages, benefits, penalties, fines, interest, and reasonable legal fees and expenses);
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) any of the matters disclosed in Section 10(h) para 3, Section 13(a) and Section 16(a) of
the Disclosure Letter;

*provided* that except in the case of fraud (*Betrug*), intentional deceit (*absichtliche Täuschung*, within the meaning of article 28 CO, article 192(3) CO and article 199 CO) or willful misconduct, the relevant Seller's liability shall not exceed an amount equal to such Seller's Ownership Percentage with respect to the relevant Loss.

(b) The Buyer shall be liable to any of the Sellers and their respective successors and assigns (the **Seller Indemnitees**), subject to the limitations set forth in this Agreement, including Section 9 (to the extent applicable pursuant
to the terms of this Agreement), for any Losses, calculated on a USD-to-USD basis and without double recovery, incurred or sustained by
any of the Seller Indemnitees as result of any breach or violation of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any of the Buyer Representations, irrespective of any fault of the Buyer; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any covenant, undertaking or agreement of the Buyer contained in this Agreement (other than the specific
indemnification obligations set forth in Section 8.1 and Section 8.2).

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**9.** **Indemnification Procedure** 

**9.1** **Notification / Third Party Claims** 

(a) In the event of a claim for compensation under Section 8.2, the Compensated Party shall deliver to
the Compensating Party a notice describing in reasonable detail the nature of the matter, circumstance or Third Party Claim (as defined
below), the underlying facts and the amount of the reasonably anticipated Losses subject to compensation under Section 8.2, and the
basis for his or its claim for compensation under Section 8.2, in each case to the extent then known (such notice, the **Notice of Breach**) and within the earlier of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) thirty (30) days after the Compensated Party has obtained knowledge of a matter or circumstance that gives
rise to a claim for compensation under Section 8.2; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) promptly after receipt by the Compensated Party of a written notice from a third party of any pending
or threatened Action against the Compensated Party or Target Company or a submission to, or a decision or order by, any Governmental Authority
that has given or could give rise to a claim for compensation under Section 8.2 (a **Third Party Claim**).

(b) Failure to give Notice of Breach in accordance with Section 9.1(a) shall not affect the liability
provided hereunder except to the extent that the relevant Loss has been caused or aggravated by virtue of the Compensated Party's failure
to timely give Notice of Breach in accordance with Section 9.1(a), in which case the Compensating Party shall have no liability for
the Losses, or the part of the Losses, so caused or aggravated by the Compensated Party.

(c) If any Third Party Claim is brought or threatened by a third party (including any Governmental Authority)
against any of the Seller Indemnitees or the Buyer Indemnitees and any of the conditions set forth in Section 9.1(d) is or becomes
unsatisfied, (i) the Compensated Party may defend against, and, subject to Section 9.1(e), consent to the entry of any judgment
on or enter into any settlement with respect to, the Third Party Claim in any manner it may reasonably deem appropriate, (ii) the
Compensating Parties will reimburse the Compensated Party promptly and periodically for the reasonable and documented costs of defending
against the Third Party Claim (including reasonable attorneys' fees and expenses) to the extent indemnifiable pursuant to Section 8
and subject to the limitations, thresholds and caps set forth in this Section 9, and (iii) the Compensating Parties will remain
responsible for any Losses the Compensated Party may suffer resulting from, arising out of, relating to, in the nature of, or caused by
the Third Party Claim to the fullest extent provided in Section 8 and Section 9.

(d) Upon receipt of the Notice of Breach, the Compensating Party will
have the right to defend the Compensated Party against the Third Party Claim with counsel reasonably satisfactory to the Compensated Party,
provided, that (i) the Compensating Party notifies the Compensated Party in writing within thirty (30) days after the Compensated
Party has given notice of the Third Party Claim that the Compensating Party will indemnify the Compensated Party from and against the
entirety of any Losses the Compensated Party may suffer resulting from, arising out of, relating to, in the nature of, or caused by the
Third Party Claim to the extent indemnifiable pursuant to Section 8 and subject to the limitations, thresholds and caps set forth
in this Section 9, (ii) the Compensating Party provides the Compensated Party with evidence reasonably acceptable to the Compensated
Party that the Compensating Party will have the financial resources to defend against the Third Party Claim and fulfill its indemnification
obligations hereunder, (iii) the Third Party Claim involves only money damages and does not seek an injunction or other equitable
relief, (iv) settlement of, or an adverse judgment with respect to, the Third Party Claim is not, in the good faith judgment of the
Compensated Party, likely to establish a precedential custom or practice adverse to the continuing business interests or the reputation
of the Compensated Party, and (v) the Compensating Party conducts the defense of the Third Party Claim actively and diligently. The
Compensating Party will keep the Compensated Party apprised of all material developments, including settlement offers, with respect to
the Third Party Claim and permit the Compensated Party to participate in the defense of the Third Party Claim at its own expense and with
counsel of its own choosing (provided that such participation does not interfere with the conduct of the defense by the Compensating Party).
So long as the Compensating Party is conducting the defense of the Third Party Claim in accordance with this Section 9.1(d), the
Compensating Party will not be responsible for any attorneys' fees or other expenses incurred by the Compensated Party regarding the defense
of the Third Party Claim.

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(e) Neither the Compensated Party (and if the Buyer Indemnitees are the
Compensated Party, the relevant Target Company) nor the Compensating Party will settle any Third Party Claim without the prior written
consent of the Buyer in the case of the Seller Indemnitees or the Sellers' Representative in the case of the Buyer Indemnitees, such consent
not to be unreasonably withheld, conditioned, or delayed. Notwithstanding the foregoing, the Compensating Party may settle any Third Party
Claim without the consent of the Compensated Party if (i) the settlement involves only the payment of monetary damages by the Compensating
Party that the Compensating Party has agreed in writing to, and shall, pay in full, (ii) the settlement does not include any finding
or admission of violation of Law, liability or wrongdoing by the Compensated Party, (iii) the settlement expressly provides for a
full and unconditional release of the Compensated Party and, if applicable, the relevant Target Company, from all liabilities and obligations
with respect to such Third Party Claim, and (iv) will not impose any injunctive or other equitable relief against the Compensated
Party.

(f) Where relevant, the provisions of this Section 9.1 shall be in lieu
of, and not in addition to, the Compensated Party's duty to notify the Compensating Party in accordance with article 201 CO.

**9.2** **Set-off** 

(a) In addition to (and without prejudice to) the Buyer's right to withhold Earn-out Consideration pursuant
to Section 2.6.5(d) and to withhold the General Holdback Amount subject to Section 2.7, the Buyer shall have the right
to set off, deduct and retain from any amounts otherwise payable to the Sellers under this Agreement (including any Earn-out Consideration)
any amounts due to the Buyer from the Sellers pursuant to this Agreement (including indemnification obligations under Section 8,
purchase price adjustment amounts under Section 2.4, and any other obligations of the Sellers under or in connection with this Agreement),
provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Buyer has delivered to the Sellers' Representative a written notice specifying in reasonable detail
the nature and amount of the claim and the set-off amount;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) for disputed claims, the Buyer may withhold the disputed amount pending final resolution, but may only
permanently set off against the Earn-out Consideration upon final and binding agreement among the Parties or adjudicated in a final and
binding arbitral award issued pursuant to Section 11.2; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) no such set-off shall exceed the applicable liability caps set forth in Section 9.4(d).

(b) Where the Buyer exercises its set-off right against Earn-out Consideration, the number of Buyer Shares
to be issued shall be reduced by a number of shares equal to the set-off amount divided by the applicable share price determined
in accordance with Section 2.6.3(d) or 2.6.4(d), as applicable. In the event that any set-off amount exceeds the Earn-out Consideration
then payable, the excess shall remain an obligation of the Sellers payable, in cash, subject to any limitations set forth in this Agreement.

(c) Any amount recovered by the Buyer from set off against the Earn-out Consideration shall reduce the amount
that the Buyer is entitled to recover from the General Holdback Amount in respect of the same Loss, and vice versa.

(d) Any amount set off by the Buyer in accordance with this Section 9.2 shall be treated as an adjustment
to the Purchase Price for all purposes, including Tax purposes, to the extent permitted by applicable Law.

**9.3** **Time Limitations** 

**9.3.1** **Statute of Limitations (*Verjährung*) of Claims for Indemnification under Section 8.2** 

(a) Any claim for compensation under Section 8.2(a)(i), Section 8.2(a)(ii) or Section 8.2(b)(i) must
be notified by the Compensated Party to the Compensating Party with a Notice of Breach on or before:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with respect to a breach of the Fundamental Representations, the date that
is ten (10) years after the Closing Date ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) with respect to a breach of clause 2 of Annex 7.1(a)(ii) (Taxes),
the earlier of (A) the date that is six (6) months after the assessment for the relevant Taxes has been determined and
become legally binding without the possibility to reopen the tax assessment (*ohne Möglichkeit der Wiedereröffnung im Rahmen eines Nachsteuerverfahrens*) and (B) the date that is six (6) months after the expiration of the relevant statute of limitations
(or extensions or waivers thereof) applicable to the relevant Taxes (including, for the avoidance of doubt, any period the final tax assessment
can be reopened (*Nachsteuerverfahren*)), but in any event no later than seven (7) years after the Closing Date ; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) with respect to a breach of clause 21 of Annex 7.1(a)(ii) (Social
Security, Pensions and Benefit Plans), the date that is six (6) months after the expiration of the relevant statute of limitations ;
and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) with respect to a breach of any of the Business Representations or the Buyer Representations, other than
those referred to in Section 9.2.1(a)(ii), the date that is twelve (12) months after the Closing Date.

(b) Any claim for compensation subject to the remedy under Section 8.2(a)(iii), Section 8.2(a)(iv),
Section 8.2(a)(v) or Section 8.2(b)(ii) must be notified on or before the date or period explicitly specified therein
(or, only if no date or period is specified, until ten (10) years after the Closing Date).

(c) After the relevant date specified in Section 9.3.1(a) or Section 9.3.1(b), any claim for
compensation under Section 8.2 shall be considered time-barred (*verjährt*), if it has not been notified on or before such
date; it being understood that any such claim that has been so notified on or before such date shall not be considered time-barred (*nicht verjährt*), if any of the Compensated Party or the Compensating Party initiates arbitration proceedings in accordance with Section 11.2
or if the Compensating Party waives the statute of limitations (*Verjährungsverzicht*) within twelve (12) months after
such date.

**9.3.2** **Term of Other Claims for Indemnification** 

(a) In the sense of a condition subsequent (*resolutive Bedingung*), any claim for Losses subject to
indemnification under Section 8.1 (Taxes) must be notified on or before, and, if not notified on or before, shall be considered expired
(*erloschen*) after the date determined pursuant to Section 9.3.1(a)(ii).

(b) Any claim notified on or before the relevant date specified in this Section 9.3.2 may be pursued
after such date and shall be time-barred (*verjähren*) in accordance with the general statute of limitations applicable to such
claim pursuant to article 127 et seq. CO.

**9.3.3** **Waiver of Statute of Limitations under Article 210 CO** 

Any limitation period or term specified in this Agreement to apply to a claim shall be in lieu of and replace the statute of limitations pursuant to article 210 CO, if and to the extent such statute of limitations pursuant to article 210 CO would otherwise apply to such claim, and the Parties explicitly agree that any statute of limitations pursuant to article 210 CO shall be deemed waived and not apply to this Agreement.

**9.4** **Limitations on Indemnification Obligations** 

(a) All matters and information, regardless of their form, which have been Fairly Disclosed in:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) this Agreement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Disclosure Letter delivered by the Sellers to the Buyer on the
date hereof (the **Disclosure Letter**) (and only to the extent expressly and specifically cross-referenced in the Disclosure Letter
to the Section(s) of the Business Representations to which such disclosure relates), together with any documents attached to or any
documents or information referred to in the Disclosure Letter, such letter attached hereto as <u>Annex 7.1(A)</u>;

(all documents and information referred to in this Section 9.4(a), collectively the **Disclosure Documents**) shall operate as an exclusion of, or, depending on the relevant disclosure, as a limitation to, the Business Representations, and, accordingly, the Sellers shall be under no liability to the Buyer pursuant to Section 8.2(a)(ii) if such liability is based on any matters, facts or circumstances that have been Fairly Disclosed in the Disclosure Documents. The concept of fair disclosure as defined herein shall supersede article 200 CO.

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(b) The Compensating Party's obligation to compensate the Compensated Party for any claim subject to compensation
under this Agreement shall be reduced or excluded, as the case may be, if and to the extent that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Compensated Party has knowingly or intentionally failed to mitigate, or, in the case of the Buyer,
knowingly or intentionally prevented the Target Companies from mitigating, the Loss in respect thereof, as required under Swiss Law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Compensated Party has actually recovered from any third Person, including, but not limited to, an
insurer, any sum in respect of any matter to which a claim made relates, after deduction of all duly documented costs and expenses incurred
in making such recovery (including reasonable attorney's fees) and the amount of any deductibles, co-payments, retro-premium obligations
and premium increases attributable thereto; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) such claim arises or is increased solely as a result of any legislation, regulation, requirement, administrative
practice (including, but not limited to, practice of any Governmental Authority) or rule of Law not in force at the date on which
this Agreement is executed or the withdrawal after such date of any concession previously made by any relevant Governmental Authority
or as a result of any change made or introduced on or after the date on which this Agreement is executed in any legislation, regulation,
requirement, administrative practice (including, but not limited to, practice of any Governmental Authority) or rule of Law of any
relevant Governmental Authority, whether or not such change or withdrawal purports to be effective retrospectively in whole or part, or
any change in the rates of Taxes in force at the date hereof or any imposition of any Taxes or any withdrawal of Relief, in each case
not in effect at the date on which this Agreement is executed; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) by an amount equal to any provision, reserve or valuation allowance for
such Losses that is made or included in the Final Closing Accounts, if and to the extent such provision, reserve or valuation allowance
was taken into account in the adjustments pursuant to Section 2.4.

(c) The Compensating Party shall not have any obligation to indemnify the Compensated Party under Section 8.2(a)(ii),
unless (i) the amount of the claim or series of related claims made by the Compensated Party for indemnification thereunder exceeds
USD 15,000 (US Dollars fifteen thousand) (such claim or series of related claims, a **Qualifying Claim**), and (ii) the
amount of the Compensating Party's obligation to indemnify the Compensated Party in respect of the relevant Qualifying Claim exceeds,
or when aggregated with the amount of the total indemnification obligation of the Compensating Party in respect of all other Qualifying
Claims will exceed, USD 150,000 (US Dollars one-hundred-fifty thousand) (the **Threshold Amount**). If the Threshold Amount
has been exceeded, the Compensating Party shall be required to indemnify the Compensated Party from and against any and all such Losses
suffered or incurred by the Compensated Party, and not just such Losses in excess of the Threshold Amount. This Section 9.4(c) shall
not apply to any indemnification obligation of the Sellers (x) on the basis of a breach of any of the Fundamental Representations,
(y) on the basis of a claim under Sections 8.2(a)(iii), 8.2(a)(iv), 8.2(a)(v) or 8.2(b)(i), or (z) on the basis of
a claim under Section 2.4.6(b).

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(d) The aggregate amount of the Sellers' indemnification obligations to the Buyer and its Affiliates under
Section 8.2(a)(i) or Section 8.2(a)(ii) shall not exceed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) an amount equal to the Purchase Price in case of a breach of any of the Fundamental Representations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) an amount equal to 25% of the Purchase Price with respect to any of the Business Representations.

(e) Notwithstanding anything to the contrary in this Agreement, no limitations on liability hereunder, including
without limitation under this Section 9.4 shall apply in case of fraud (*Betrug*), intentional deceit (*absichtliche Täuschung*,
within the meaning of article 28 CO, article 192(3) CO and article 199 CO), or willful misconduct by the Compensating
Party.

(f) The remedies under Section 8.2 for breach of the Fundamental Representations, the Business Representations
and the Buyer Representations made pursuant to Section 7.1 and Annex 7.1(a)(i) or Annex 7.1(a)(ii), as applicable,
and Section 7.2 and Annex 7.2, respectively, shall be in lieu of, and not in addition to, the remedies provided for under statutory
Law or case Law. All remedies provided for under statutory Law or case Law, including the right to rescind this Agreement following the
Closing, shall not apply to, and are hereby expressly excluded and waived by each Party with respect to, any such breach. In particular,
and without limiting the generality of the foregoing, each Party explicitly waives its right of partial or entire contract rescission
under article 24 and article 205 CO, in connection with any such breach.

**10.** **General Provisions** 

**10.1** **Effect on Third Parties** 

Except as otherwise expressly provided for in this Agreement, no Person other than the Parties shall have any rights, benefits or claims under this Agreement, and nothing in this Agreement is intended to confer any rights, benefits or claims on any Person other than the Parties.

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**10.2** **Notices** 

(a) Any notices or other communications to be given or made under or in connection with this Agreement shall
be given or made in writing and delivered by hand or sent (postage prepaid) by registered, certified or express post (return receipt requested),
courier or by electronic transmission in .pdf format or similar format to the following addresses:

---

| | |
|:---|:---|
| if to the Sellers: | Florentin Coppey in his capacity as Sellers' Representative<br> Somlaproz 23, 1937 Orsières<br> E-mail: <u>flocoppey@gmail.com</u> |
| with a copy to: | Wenger Vieli<br> Martin Berweger, Partner<br> Metallstr. 9<br> 6302 Zug<br> Switzerland<br> E-mail: m.berweger@wengervieli.ch |
| if to the Buyer: | 908 Devices Inc.<br> Mark Levine, Chief Legal and Administrative Officer,<br> 44 3rd Avenue<br> Burlington MA, 01803<br> United States of America <br> E-mail: mlevine@908devices.com |
| with a copy to: | Homburger AG<br> Andreas Müller<br> Prime Tower<br> Hardstrasse 201<br> 8005 Zurich<br> Switzerland<br> E-mail: andreas.mueller@homburger.ch<br>and<br>Cooley (UK) LLP<br> Rita Sobral<br> 22 Bishopsgate<br> London EC2N 4BQ<br> United Kingdom<br> E-mail: rsobral@cooley.com |

---

(b) Notices delivered by hand shall be deemed delivered when actually delivered. Notices given by post or
courier shall be deemed delivered when received. Notices given by electronic transmission or e-mail shall be deemed to be delivered at
the time such notices are sent to the relevant addresses above, if no delivery failure or error messages are received by the sender.

(c) The power of attorney pursuant to this Section 10.7 is deemed to be in force as long as it has not
been revoked by a notice according to Section 10.2. If it is revoked, the Sellers shall at the same time designate and empower another
Seller or a third person as their representative pursuant to this Section 10.7 after consultation with the Buyer, and from the date
that notice is given to the Buyer of the appointment of such replacement Sellers' Representative, such substituted representative shall
be deemed to be the Sellers' Representative for all purposes of this Agreement and the other Transaction Documents.

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(d) Irrespective of the delivery or receipt of a notice, any notice given hereunder shall be deemed to have
been timely given, if dispatched or sent prior to the expiry of a term or deadline set forth in this Agreement (if any), but the recipient
shall be under no obligation to perform any act under this Agreement before it, he or she has received such notice.

**10.3** **Entire Agreement** 

This Agreement, including the Annexes and any other documents referred to herein, constitutes the entire agreement and understanding the Parties with respect to the subject matter hereof. This Agreement supersedes and replaces all prior oral or written agreements, negotiations, offers and understandings of the Parties with respect to the subject matter of this Agreement. There are no agreements, covenants, representations or warranties between the Parties with respect to the subject matter of this Agreement other than those provided for in this Agreement.

**10.4** **Amendments and Waivers** 

(a) This Agreement, including amendments to or a waiver of this Section 10.4, may only be modified or
amended by a written document signed by all Parties.

(b) Any waiver of any term or condition of this Agreement, waiver of any breach of any term or condition of
this Agreement, or waiver of, or election whether or not to enforce, any right or remedy arising under this Agreement or at Law, must
be in writing and signed by or on behalf of the Person granting the waiver, and no waiver or election shall be inferred from a Party's
conduct.

(c) Any waiver of a breach of any term or condition of this Agreement shall not be, or be deemed to be, a
waiver of any subsequent breach.

**10.5** **No Assignment** 

This Agreement and all or any of the rights and obligations hereunder shall not be assigned by the Sellers without the prior written consent of the Buyer. This Agreement and all or any of the rights and obligations hereunder shall not be assigned by the Buyer without the prior written consent of the Sellers' Representative; *provided, however*, that the Buyer may assign this Agreement or any of its respective rights and obligations hereunder to any of its Affiliates, or in connection with a sale of all or a material portion of the business or securities of the Target Companies, or to a lender or financing source of the Buyer, any of its Affiliates or a Target Company as collateral security, in each case without the prior written consent of the Sellers' Representative. This Agreement shall inure to the benefit of and be binding upon the Parties, and their respective successors and permitted assigns.

**10.6** **Severability** 

Should any part or provision of this Agreement be held to be invalid or unenforceable by any arbitral tribunal, court or Governmental Authority having jurisdiction, the other provisions of this Agreement shall nonetheless remain in full force and effect. In this case, the Parties shall endeavor to negotiate in good faith a substitute provision that best reflects the economic intentions of the Parties without being unenforceable, and shall execute all agreements and documents required in this connection .

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**10.7** **Representative of the Sellers** 

(a) Each Seller, on behalf of such Seller and such Seller's successors, heirs and permitted assigns, hereby
designates and empowers FC (the **Sellers' Representative**) as his, her or its authorized representative and general attorney in fact
under and in connection with this Agreement and the other Transaction Documents with the right of substitution.

(b) This power of attorney includes, without limitation, the power to exercise any rights, to fulfill any
obligation and satisfy any condition, to negotiate, execute, modify and consummate any agreements or other documents, to give and receive
any notices and to make or receive any other form of statement, instruction or other communication on behalf of the Sellers and/or any
of them under this Agreement and the other Transaction Documents in connection with the completion of the transactions contemplated by
this Agreement, and to contest, negotiate, defend, acknowledge, compromise or settle any actions or claims and to authorize, effect and
receive any payment from or to the Sellers or any of them hereunder.

(c) Each Seller agrees that the Buyer and its Affiliates (including, after the Closing, the Target Companies)
shall be entitled to rely without investigation on any notice given or action taken by the Sellers' Representative on behalf of the Sellers
or such Seller pursuant to this Section 10.7, and that each such notice or action shall be binding on each Seller as if such Seller
had given such notice or taken such action. The Buyer shall be entitled to deal exclusively with the Sellers' Representative on all matters
relating to this Agreement and the other Transaction Documents and shall be entitled to disregard any decision, act, consent, waiver,
communication, or instruction made, given or executed by any Seller in connection with this Agreement or the other Transaction Documents
and the transactions contemplated hereby or thereby.

(d) Any notice given to the Sellers' Representative (until further notice by the Sellers' Representative in
accordance with Section 10.2) will be deemed to be and constitute notice to any and all Sellers at the time notice is given to the
Sellers' Representative, unless expressly directed to only one or only part of the Sellers, in which case notice given to the Sellers'
Representative will be deemed to be and constitute notice to such Seller or Sellers at the time notice is given to the Sellers' Representative.
Any action taken by, or notice or instruction received from, the Sellers' Representative will be deemed to be action by, or notice or
instruction from, any and all Sellers, unless expressly taken or given in the name and on behalf of only one or only part of the Sellers,
in which case it will be deemed to be action taken by, or notice or instruction from, such Seller or Sellers.

(e) The power of attorney pursuant to this Section 10.7 is deemed to be in force as long as it has not
been revoked by a notice according to Section 10.2. If it is revoked, the Sellers shall at the same time designate and empower another
Seller or a third person as their representative pursuant to this Section 10.7 after consultation with the Buyer, and from the date
that notice is given to the Buyer of the appointment of such replacement Sellers' Representative, such substituted representative shall
be deemed to be the Sellers' Representative for all purposes of this Agreement and the other Transaction Documents.

(f) For the payment to the Sellers of the Purchase Price, the Sellers' Representative shall, on behalf of
all the Sellers, designate one single bank account in accordance with the terms of this Agreement, to be used by the Buyer for payment
or delivery of the aggregate amount owed to all of the Sellers under this Agreement. Payment of such amount to such account will unconditionally
and irrevocably release and forever discharge the Buyer from its respective obligation(s) vis-à-vis all Sellers, and the Buyer
shall have no obligation and not be liable whatsoever in respect of the distribution of such amount among the Sellers.

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**10.8** **Relationship between the Sellers and the Buyer** 

No Seller shall be jointly and severally liable with any of the other Sellers for any of the obligations undertaken by any of the Sellers pursuant to this Agreement, including, without limitation, in connection with the adjustment pursuant to Section 2.4 or based on the indemnification obligations pursuant to Section 8. Each Seller's liability under this Agreement, including based on the indemnification obligations pursuant to Section 8, or otherwise shall be several (*teilschuldnerisch*), determined by reference to the Ownership Percentage.

**10.9** **Counterparts; Delivery by Electronic Transmission** 

This Agreement may be executed and delivered by each Party in separate counterparts, each of which when so executed and delivered shall be deemed an original and all of which taken together shall constitute one and the same Agreement. This Agreement and any other Transaction Document, and any amendments hereto or thereto, to the extent signed and delivered by means of electronic signature or e-signature (irrespective of whether the relevant electronic signature or e-signature has been issued by a provider recognized or accredited under applicable Law or not) or other electronic transmission (*e.g.*, e-mail delivery in .pdf format or similar format), shall be treated in all manner and respects as an original contract and shall be considered to have the same binding legal effects as if it were the original signed version thereof delivered in person.

**11.** **Governing Law and Dispute Resolution** 

**11.1** **Governing Law** 

This Agreement and any claim, controversy or dispute arising out of or related to this Agreement, any of the transactions contemplated hereby, the relationship of the Parties hereunder, or the interpretation and enforcement of the rights and duties of the Parties, whether arising in contract, tort or otherwise, shall be governed by and construed in accordance with the substantive Laws of Switzerland, excluding the UN Convention on Contracts for the International Sale of Goods, without giving effect to any choice of law or conflict of law provision or rule that would cause the application of the Laws of any jurisdiction other than Switzerland.

**11.2** **Dispute Resolution** 

Any dispute, controversy or claim arising out of, or in relation to, this Agreement, including the validity, invalidity, breach, or termination thereof, shall be resolved by arbitration in accordance with the Swiss Rules of International Arbitration of the Swiss Arbitration Centre in force on the date on which the notice of arbitration is submitted in accordance with those rules. The number of arbitrators shall be three. The seat of the arbitration shall be Zurich. The arbitration proceedings shall be conducted in English. The law applicable to this arbitration clause shall be Swiss law.

*[Signatures on next page]*

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Executed as of the date written on the cover page to this Agreement.

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| | |
|:---|:---|
| **Parkview Invest AG** |  |
| Name: | Name: |
| Function: | Function: |

---

Please make one selection below:

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| | |
|:---|:---|
| ◻ | Accredited Investor: The Seller is an "accredited investor" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 9 and has properly completed and the Suitability Documentation attached as Annex 5.6 with an accredited investor certification providing that such Seller is an "accredited investor". |

---

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| | |
|:---|:---|
| ◻ | Non-U.S. Person: The Seller is not a "United States person" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 10. If the Seller is also an "accredited investor" and can make the representations for Accredited Investors set forth in Annex 7.1(a)(i) paragraph 10 , only the "Accredited Investor" box should be checked and the box for "Non-U.S. Person should not be checked. |

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Address of residency:  

◻ The Seller cannot make any of the representations as set forth in Annex 7.1(a)(i) paragraph 9 or 10. Please contact Rita Sobral at rsobral@cooley.com.

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

**Florentin Coppey**

Please make one selection below:

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| | |
|:---|:---|
| ◻ | Accredited Investor: The Seller is an "accredited investor" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 9 and has properly completed and the Suitability Documentation attached as Annex 5.6 with an accredited investor certification providing that such Seller is an "accredited investor". |

---

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| | |
|:---|:---|
| ◻ | Non-U.S. Person: The Seller is not a "United States person" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 10. If the Seller is also an "accredited investor" and can make the representations for Accredited Investors set forth in Annex 7.1(a)(i) paragraph 10 , only the "Accredited Investor" box should be checked and the box for "Non-U.S. Person should not be checked. |

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Address of residency:  

◻ The Seller cannot make any of the representations as set forth in Annex 7.1(a)(i) paragraph 9 or 10. Please contact Rita Sobral at rsobral@cooley.com.

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

**Pierre Esseiva**

Please make one selection below:

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| | |
|:---|:---|
| ◻ | Accredited Investor: The Seller is an "accredited investor" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 9 and has properly completed and the Suitability Documentation attached as Annex 5.6 with an accredited investor certification providing that such Seller is an "accredited investor". |

---

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| | |
|:---|:---|
| ◻ | Non-U.S. Person: The Seller is not a "United States person" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 10. If the Seller is also an "accredited investor" and can make the representations for Accredited Investors set forth in Annex 7.1(a)(i) paragraph 10 , only the "Accredited Investor" box should be checked and the box for "Non-U.S. Person should not be checked. |

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Address of residency:  

◻ The Seller cannot make any of the representations as set forth in Annex 7.1(a)(i) paragraph 9 or 10. Please contact Rita Sobral at rsobral@cooley.com.

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

**Matteo Delbrück**

Please make one selection below:

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| | |
|:---|:---|
| ◻ | Accredited Investor: The Seller is an "accredited investor" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 9 and has properly completed and the Suitability Documentation attached as Annex 5.6 with an accredited investor certification providing that such Seller is an "accredited investor". |

---

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| | |
|:---|:---|
| ◻ | Non-U.S. Person: The Seller is not a "United States person" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 10. If the Seller is also an "accredited investor" and can make the representations for Accredited Investors set forth in Annex 7.1(a)(i) paragraph 10 , only the "Accredited Investor" box should be checked and the box for "Non-U.S. Person should not be checked. |

---

Address of residency:  

◻ The Seller cannot make any of the representations as set forth in Annex 7.1(a)(i) paragraph 9 or 10. Please contact Rita Sobral at rsobral@cooley.com.

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

**Matthieu Girod**

Please make one selection below:

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| | |
|:---|:---|
| ◻ | Accredited Investor: The Seller is an "accredited investor" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 9 and has properly completed and the Suitability Documentation attached as Annex 5.6 with an accredited investor certification providing that such Seller is an "accredited investor". |

---

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| | |
|:---|:---|
| ◻ | Non-U.S. Person: The Seller is not a "United States person" and makes the representations as set forth in Annex 7.1(a)(i) paragraph 10. If the Seller is also an "accredited investor" and can make the representations for Accredited Investors set forth in Annex 7.1(a)(i) paragraph 10 , only the "Accredited Investor" box should be checked and the box for "Non-U.S. Person should not be checked. |

---

Address of residency:  

◻ The Seller cannot make any of the representations as set forth in Annex 7.1(a)(i) paragraph 9 or 10. Please contact Rita Sobral at rsobral@cooley.com.

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

---

| |
|:---|
| **908 Devices Inc.** |
| Name: Kevin J. Knopp<br> Function: CEO & Co-founder |

---

Signature page to Project Bliss / Share Purchase Agreement

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Executed as of the date written on the cover page to this Agreement.

---

| | |
|:---|:---|
| **NIRLAB SA** |  |
| Name: | Name: |
| Function: | Function: |

---

Signature page to Project Bliss / Share Purchase Agreement

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Project Bliss / Share Purchase Agreement

Annex A – Individual Holdings of the Sellers

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| | | | | |
|:---|:---|:---|:---|:---|
| **Name of Seller** | **Jurisdiction** | **Number of <br> Shares Held** | **Type of Shares** | **Ownership Percentage<br> (approx.)** |
| Florentin Coppey | Orsières, Switzerland | 709375 | Registered shares | 64.83% |
| Pierre Esseiva | Eclépens, Switzerland | 78125 | Registered shares | 7.14% |
| Matteo Delbrück | Zurich, Switzerland | 64063 | Registered shares | 5.85% |
| Parkview Invest AG | Basel, Switzerland | 222719 | Registered shares | 20.35% |
| Matthieu Girod | Fribourg, Switzerland | 20000 | Registered shares | 1.83% |

---

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Annex B – Individual Holdings of the Option Holders

---

| | | |
|:---|:---|:---|
| **Name of Option Holder** | **Number of Options<br> Granted** | **Exercise Price per Option <br> (in CHF)** |
| Malik Beytrison (EMP-05) | 2000 | 1.00 |
| Marcello Vanzulli (EMP-13) | 5000 | 1.00 |
| Maurice Bleeker (EMP-06) | 7500 | 1.00 |
| Florent Devillard (EMP-04) | 2500 | 1.00 |
| Isabelle Radgen Morvant (EMP-08) | 3000 | 4.35 |
| Viktoriia Sakun (EMP-11) | 5000 | 10.15 |
| Adriano Pagano (EMP-09) | 2000 | 11.85 |
| Angelos Apostolopoulos (EMP-10) | 2500 | 11.85 |
| Baptiste Billardon (EMP-07) | 2250 | 16.85 |
| Riccardo Voccio (EMP-14) | 2500 | 14.35 |
| Megan Ross (EMP-15) | 2500 | 17.55 |
| **Total** | **36750** | **---** |

---

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Project Bliss / Share Purchase Agreement

Annex 1 – Definitions

**1.** **Terms Defined in the Body of the Agreement** 

---

| | |
|:---|:---|
| **Agreement Base Recurring Revenue** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| **Allocation Statement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 |
| **Applicable Share Price** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| **Appraiser** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| **Business Representations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28 |
| **Buyer** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| **Buyer Indemnitees** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 |
| **Buyer Released Persons** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| **Buyer Representations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28 |
| **Buyer Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| **Cash Consideration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| **Company** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| **Component 2 Earn-out Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| **Confidentiality Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 |
| **Contaminants** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 |
| **Disclosure Documents** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| **Disclosure Letter** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| **Earn-out 1 Period** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| **Earn-out Consideration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| **Earn-Out Notice of Objection** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| **Employee Benefit Plans** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118 |
| **Employee Contributions** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| **Employee Shareholders** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
| **Estimates** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 |
| **Final Adjustment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| **Final Closing Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| **Fundamental Representations** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28 |
| **General Holdback Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18 |
| **Government Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| **Headline Price** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| **Holdback Release Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 |
| **Information Technology Assets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 |
| **Insurance Policies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111 |
| **IRC** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 |
| **Material Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108 |
| **Most Recent Fiscal Year End** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 |
| **Notice of Breach** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31 |
| **Notice of Objection** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |

---

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---

| | |
|:---|:---|
| **Notified Employee Contribution Amounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| **Notified Transaction Payroll Taxes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 |
| **Option Cancellation Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Option Settlement Payments** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Option Settlement Taxes** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| **Parties** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Party** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Preliminary Consideration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| **Proposed Adjustment** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| **Proposed Closing Accounts** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| **Proposed Earn-out Statement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| **Purchase Price** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| **Qualifying Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| **Qualifying Claim** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |
| **Real Property Leases** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 |
| **Receivables** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 |
| **Released Claims** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| **Releasors** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| **Restricted Parties** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 |
| **Seller** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| **Seller Indemnitees** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31 |
| **Sellers** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| **Sellers' Representative** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |
| **Share** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **State Act** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94 |
| **Stock Consideration** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
| **Subsidiary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Subsidiary Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Target** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Target Companies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| **Target Intellectual Property** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 |
| **Target Intellectual Property Agreements** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 |
| **Taxable Salary** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 |
| **Technical Deficiencies** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103 |
| **Third Party Claim** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31 |
| **Threshold Amount** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |

---

**2.** **Other Definitions** 

As used in this Agreement in capitalized form, the following terms shall have the following meaning:

**Accounts Receivable** means any trade accounts receivable, notes receivable, negotiable instruments and similar rights of the Target Companies.

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**Accredited Stockholder** means a holder of Buyer Shares who either (a) has completed and delivered to the Company and Buyer at least three (3) days prior to the Closing Date duly executed Suitability Documentation, in form and substance reasonably satisfactory to Buyer, certifying that such holder of Buyer Shares is an "accredited investor" (as such term is defined in Rule 501(a) under the Securities Act) or (b) is determined by Buyer in its sole discretion to be an "accredited investor" (as such term is defined in Rule 501(a) under the Securities Act).

**Action** means any action, complaint, suit, litigation or objection of any third party or any audit, litigation, arbitration, Order, injunction, fine, subpoena, investigation or other proceeding by or before any Governmental Authority or arbitration tribunal.

**Affiliate** means, with respect to the Person to which it refers, (a) a Person that exercises Control over a second Person, or is under Control by it, or is under common Control by the same Person, (b) any officer, director or shareholder of such Person, (c) any parent, sibling, descendant or spouse of such Person or of any of the Persons referred to in clauses (a) and (b), and (d) any corporation, limited liability company, general or limited partnership, trust, association or other business or investment entity that directly or indirectly, through one or more intermediaries controls, is controlled by or is under common control with any of the foregoing individuals.

**Agreed Exchange Rate** means: (a) in respect of CHF to USD, 1.23; (b) in respect of EUR to USD, 1.16; and (c) in respect of any other currency to USD, the applicable exchange rate as quoted on Bloomberg for March 31, 2026.

**Agreement** means this share purchase agreement, including all of its Annexes and related documents.

**Bug** means any and all bug, defect, or error (including any bug, defect, or error relating to or resulting from the display, manipulation, processing, storage, transmission, or use of date data).

**Business Day** means any day, other than a Saturday or a Sunday, on which commercial banks are open for business in Zurich, Switzerland, and Burlington, Massachusetts, United States of America.

**Cash** means the USD amount calculated in accordance with Annex 2.4.1.

**CHF** means Swiss francs, being the lawful currency of Switzerland.

**Closing** means the consummation of the transactions as described in Section 4.2.

**Closing Accounts** means the consolidated financial statements of the Target Companies as at the Closing Date.

**Closing Date** means the date of this Agreement, being the date on which the Closing actually occurs, as provided in Section 4.1.

**CO** means the Swiss Code of Obligations (*Bundesgesetz betreffend die Ergänzung des Schweizerischen Zivilgesetzbuches (Fünfter Teil: Obligationenrecht)*).

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**Compensated Party** means the Party and other Persons (if any) to be compensated pursuant to Section 9, as the case may be.

**Compensating Party** means the Party and other Persons (if any) subject to an obligation to compensate pursuant to Section 9, as the case may be.

**Consolidated Financial Statements** means the unaudited consolidated financial statements of the Company as of December 31, 2025 (the **Most Recent Fiscal Year End**), attached hereto as <u>Annex 2.2</u>.

**Contaminants** means any and all "back door", "drop dead device", "time bomb", "Trojan horse", "virus", or "worm" (as such terms are commonly understood in the software industry) or any other similar code.

**Contract** means any oral or written contract, understanding, commitment, lease, license, purchase order, bid or other agreement.

**Control** is deemed to exist if a Person (directly or indirectly) owns more than half of the voting rights or equity capital of a Person, or is otherwise able to exercise a controlling influence over another Person.

**Copyrights** means all transferable rights, titles and interests in works of any kind amenable to copyright protection, including, but not limited to, registered copyright (if any), reports, studies, documents, files, computer programs, data bases, models, designs, plans, drawings and the like.

**Day-Count Convention** means a calculation of interest on the basis of a 365-day year.

**Debt** means the USD amount calculated in accordance with Annex 2.4.1.

**Disclosure Letter** means <u>Annex 7.1(A)</u>, as delivered by the Sellers to the Buyer concurrently with the execution of this Agreement.

**Domain Names** mean internet electronic addresses, uniform resource locators and alphanumeric designations associated therewith registered with or assigned by any domain name registrar, domain name registry or other domain name registration authority as part of an electronic address on the Internet and all applications for any of the foregoing.

**Environmental Damage** means any pollution of the soil, soil-air, leachate, ground water or any surface water, harmful substances on or in buildings or other structures (*e.g.*, asbestos), any underground structures or technical facilities or any parts thereof, warfare agents or waste, as well as any contamination of the soil, and any substances or combination of substances that exist in or on any buildings and that are considered hazardous or potentially harmful to the environment, in each case as specified in more detail in the applicable ministerial or administrative regulations or technical standards.

**Environmental, Health, and Safety Requirements** means all applicable Laws and Orders concerning public health and safety, worker and occupational health and safety, natural resources and pollution or protection of the environment, including all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, cleanup of or exposure to any hazardous substances, materials, or wastes, chemical substances, or mixtures, pesticides, pollutants, contaminants, toxic chemicals, petroleum products or byproducts, fuel oil products and byproducts, mold, asbestos, polychlorinated biphenyls, noise, or radiation.

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**Estimated Net Debt** means the estimate of Net Debt as established pursuant to <u>Annex 2.3(a)(ii)</u>.

**Estimated Net Working Capital** means the estimate of Net Working Capital as established pursuant to <u>Annex 2.3(a)(ii)</u>.

**Fairly Disclosed** means disclosed in sufficient detail to enable a reasonable buyer or its advisors, applying due care, to identify the nature and scope of the facts, matters or circumstances so disclosed and assess the impact of such facts, matters or circumstances on the Target Companies.

**Final Earn-Out Amount** means, with respect to any earn-out component under Section 2.6, the amount finally determined to be payable to the Sellers in accordance with Section 2.6 and <u>Annex 2.4.1</u>.

**Final Earn-Out Statement** means, with respect to any earn-out component under Section 2.6, the statement setting forth the calculation of the applicable earn-out amount that has become final and binding in accordance with Section 2.6 and <u>Annex 2.4.1</u>.

**Final Employee Contributions** means the Employee Contributions as finally and bindingly established in accordance with <u>Annex 2.4.1</u>.

**Final Net Debt** means the Net Debt as finally and bindingly established on the basis of the Final Closing Accounts.

**Final Net Working Capital** means the Net Working Capital as finally and bindingly established on the basis of the Final Closing Accounts.

**Final Transaction Payroll Taxes** means the Transaction Payroll Taxes as finally and bindingly established in accordance with <u>Annex 2.4.1</u>.

**Financial Debt** with respect to the Target Companies means:

(a) indebtedness for borrowed money (whether short term or long term);

(b) indebtedness evidenced by notes, bonds or debentures;

(c) all obligations in respect of letters of credit and bankers' acceptances, in each case, to the extent
drawn, other than instruments supporting or guaranteeing any obligations of the Target Companies;

(d) all unpaid income Taxes for the period up to the Closing Date, net of available Tax credits or refunds;

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(e) all obligations for the deferred purchase price of goods, services, assets, securities or property (including
Tax-related payments, earnouts, holdbacks, seller notes, purchase price adjustments, royalties, or other similar payments (whether contingent
or otherwise), each calculated at the maximum potential amount payable);

(f) the outstanding principal amount and all other payment obligations of all leases that are required to
be classified as capital leases (excluding real estate leases);

(g) all interest rate, currency swap, futures Contracts, caps, collars, foreign currency exchange agreements
or other similar agreements or hedging arrangements;

(h) all obligations for all declared but unpaid dividends or distributions;

(i) all obligations for severance, defined benefit pension/post-termination or retiree health and welfare
benefits, deferred compensation obligations and a prorated portion of commissions and incentive compensation with respect to the period
prior to the Closing, whether or not accrued (in each case including the employer share of any payroll or similar Taxes payable with respect
to the foregoing);

(j) all obligations for all accrued but unpaid paid time off, vacation pay or other similar employee-related
liabilities, together with the employer share of any Taxes due thereon with respect to the period prior to the Closing, in each case to
the extent outside the ordinary course of business;

(k) all amounts owed or payable to affiliates of the Target Companies or to the Sellers;

(l) all amounts secured by an encumbrance (other than Permitted Liens) on the Target Companies' assets,

(m) all interest accrued until Closing with respect to any of the obligations referred to in clauses (a) through
(l) above; and

(n) all fees, premiums or prepayment penalties or similar charges or expenses relating to the prepayment of
any of the obligations referred to in clauses (a) through (l) above.

**Financial Statements** means the Consolidated Financial Statements and the Statutory Financial Statements.

**Governmental Authority** means any foreign, domestic, federal, territorial, supranational, national, state or local governmental authority, quasi-governmental authority, instrumentality, court, government or self-regulatory organization, commission, tribunal or organization or any regulatory, administrative or other body or agency, or any political or other subdivision, department or branch of any of the foregoing.

**Indebtedness** means any financial indebtedness which is in the nature of borrowings.

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**Intellectual Property Rights** means all Swiss and foreign intellectual property, including, without limitation, rights arising from or in respect of the following: (i) all inventions, claims contained in patent applications and issued or granted Patents, renewal applications, and letters of patent granted with respect to any of the foregoing, Patents of addition, supplementary protection certificates, registration or confirmation Patents and all reissues, re-examination and extensions thereof and any patent restoration or extension period granted by a Governmental Authority; (ii) technology; (iii) all Copyrights (whether registrable or not), registration applications and all related rights (including rights to computer programs); (iv) all rights in the nature of Copyright, moral rights and database rights; (v) all designs and any registrations and applications therefor; (vi) mask works, mask work registrations and applications therefor, and all other rights corresponding thereto; (vii) all rights in World Wide Web addresses, URL's and Domain Names and applications and registrations therefor; (viii) all name and company name rights, Trademarks, trade names and logos, including registrations and applications therefor and all goodwill associated therewith; and (ix) all rights in know-how, trade secrets and confidential information, rights protecting reputation and goodwill, rights in preventing unfair competition.

**Key Persons** means FC, MD, MG, Maurice Bleeker, Viktoriia Sakun and Marcello Vanzulli.

**Law** means any domestic or foreign law, statute, ordinance, regulation, rule, code, treaty, order, judgment, writ, injunction, act, decree, decision, ruling, award or other requirement having the force of law of any Governmental Authority, including common law.

**Liability** means any obligation, commitment, contingency or liability of any nature whatsoever, whether direct or indirect, matured or unmatured, liquidated or unliquidated, known or unknown, asserted or not asserted, absolute, accrued, contingent, fixed or otherwise, except that there shall not be any liability under this Agreement in respect of any contingent liability unless and until such contingent liability becomes an actual liability and is due and payable, and including, without limitation, any Losses.

**Licenses** means all licenses, permits, registrations and government approvals of any kind or nature.

**Lien** means any lien, charge, encumbrance, claim, deed of trust, easement, right of way, covenant, or security interest, including but not limited to interests arising from options, warrants, pledges, mortgages, indentures, security agreements, transfer restrictions, proxy, encroachment, rights of first refusal or rights of pre-emption, irrespective of whether such Lien arises under any agreement, covenant, other instrument, the mere operation of statutory or other Laws or by means of a judgment, order or decree of any court, judicial or administrative authority, and shall also mean any approval or consent required from a third party to the exercise or full vesting of a right or title.

**Loss** means any and all Liabilities, damages, losses and of any kind, whether accrued, contingent or otherwise, including penalties and settlements, Taxes, fines, interest, costs and expenses, whether or not involving a third party claim, and including reasonable costs and expenses of legal and other advisers and agents in connection with any action, claim, judgment, adjudication or settlement. To calculate the Loss, any net Tax cost incurred by the Buyer or any of its Affiliates (including the Target Companies) and any net Tax benefit actually realized by the Buyer or any of its Affiliates (including the Target Companies) as a result of any indemnification payment hereunder shall be taken into account.

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**Material Adverse Effect** means an event, change or occurrence, a fact, circumstance or event that occurs or arises which, either alone or together with such other facts, circumstances or events, (x) has had or could have a material adverse effect on any of the Target Companies or on the business, operations, results of operations, financial condition, assets (including intangible assets) or liabilities of any of the Target Companies or (y) could materially impair or delay the ability of the Target Companies to consummate the transactions contemplated by this Agreement; *provided, however,* that Material Adverse Effect shall exclude any changes resulting from (i) general economic or industry conditions in the geographical areas in which the Target Companies operate, (ii) changes in law, (iii) pandemics, and (iv) acts of war or terrorism, in each case, only to the extent it does not have a disproportionate effect on the Target Companies and the business of the Target Companies, taken as a whole, relative to other participants in the industries or markets in which the Target Companies operate.

**Net Debt** means the USD amount calculated in accordance with Annex 2.4.1.

**Net Debt Threshold** means negative USD 1,635,781 (US Dollars one million six hundred thirty-five thousand seven hundred eighty-one).

**Net Working Capital** means the USD amount calculated in accordance with <u>Annex 2.4.1</u>.

**Net Working Capital Target Amount** means USD 509,780 (US Dollars five hundred nine thousand seven hundred eighty).

**OFAC** means the United States Treasury Department's Office of Foreign Assets Control.

**Open Source Software** means any and all software that is distributed in source code form or as "open source software" or under a similar licensing or distribution model (including but not limited to the GNU General Public License (GPL), GNU Lesser General Public License (LGPL), Mozilla Public License (MPL), BSD licenses, the Artistic License, the Netscape Public License, the Sun Community Source License (SCSL), the Sun Industry Standards License (SISL) and the Apache License).

**Option** shall mean all issued and outstanding options (whether or not vested) to purchase or otherwise acquire shares in the Company.

**Option Holder** shall mean any Person holding any Option that is outstanding immediately prior to the Closing.

**Order** means any order, award, decision, injunction, judgment, ruling, decree, charge, writ, subpoena or verdict entered, issued, made or rendered by any Governmental Authority or arbitrator.

**Ownership Percentage** means, with respect to a Seller, a percentage equal to the proportion that the number of Shares sold or to be sold by such Seller bears to the total number of Shares sold or to be sold by all Sellers as set forth in <u>Annex A</u>.

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**Patents** means all patents, industrial and utility models, industrial designs, petty patents, patents of importation, patents of addition, certificates of invention and any other indicia of invention ownership issued or granted by any Governmental Authority, including all provisional applications, priority and other applications, divisionals, continuations (in whole or in part), extensions, reissues, re-examinations or equivalents or counterparts of any of the foregoing.

**Permit** means any governmental or other mandatory license, franchise, approval, authorization, consent, exemption, waiver, registration, certificate, clearance, accreditation, variance and similar right.

**Permitted Lien** means (i) any Liens of landlords, carriers, warehousemen, workmen, repairmen, mechanics, materialmen and similar Liens arising in the ordinary course of business and not incurred in connection with the borrowing of money, and (ii) Liens arising under worker's compensation, unemployment insurance, social security, retirement, and similar Laws for which adequate reserves have been established in the Financial Statements.

**Person** means any natural person and legal entity (under public and private law), legal association and partnership with and without legal personality, corporation, institution and trust, government authority and any other legal entity (including sole proprietorships) engaged in commercial activities.

**Proposed Earn-Out Amount** means, with respect to any earn-out component under Section 2.6, the amount proposed by the Buyer to be payable to the Sellers as set forth in the applicable Proposed Earn-out Statement.

**Proposed Earn-Out Statement** means, with respect to any earn-out component under Section 2.6, the statement prepared by the Buyer pursuant to Section 2.6.2(a) setting forth in reasonable detail the calculation of the Proposed Earn-out Amount and the underlying metrics.

**Recurring Revenue** means revenue of the Target Companies that is recognized or recognizable over time and includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) subscriptions, algorithms and licenses that are recognized or recognizable over time: for reference see the following line accounts in the consolidated P&L accounts of the Target Companies of December 31, 2025:

3203 Software Subscriptions (Term licence to NIRLAB mobile + web app

3205 Sales Maintenance and Support (Annual support / maintenance contracts)

3210 microNIR Rental (on subscription), limited however to hardware rental in bundle with subscription for Swiss Police only

3220 NIRStore Licenses (Term licence to the NIRStore platform (host of the algorithms)

3221 Cannabis Algorithm (Term licence to the Cannabis identification algorithm)

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3222 Polymer Algorithm (Term licence to the Polymer algorithm)

3230 Narcotics Algorithm (Term licence to the Narcotics identification algorithm); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) services related to warranty extensions and billable service on the relevant devices: for reference see the following line accounts in the consolidated P&L accounts of the Target Companies of December 31, 2025:

3400 Revenues from Services <br>3410 Warranty Extensions,

in each case (i) measured and recognized in accordance with U.S. GAAP and (ii) converted from the relevant currency into USD at the Agreed Exchange Rate. For the avoidance of doubt, Recurring Revenue excludes one-time, non-recurring fees (including non-recurring implementation, installation, and training fees), pass-through taxes, VAT or similar sales taxes, and is recorded net of customary and ordinary-course discounts, rebates, credits and chargebacks.

**Relief** means, unless the context otherwise requires, any loss, allowance, credit, deduction, exemption or set-off in respect of any Tax or relevant to the computation of any income, profits or gains for the purposes of any Tax, or right to or actual repayment or refund of or saving of Tax (including any repayment, supplement, fee or interest in respect of any Tax), which will (i) reduce the actual amount of Tax owed by any Target Company, or (ii) result in an actual Tax benefit or an actual payment to any Target Company.

**Representative** of a Person means such Person's directors, officers, managers, employees, agents, advisors, accountants, insurers, financing sources, legal representatives and other representatives.

**Sanctioned Party Lists** means (a) the list of sanctioned entities maintained by the United Nations, (b) the Specially Designated Nationals and Blocked Persons List, the Foreign Sanctions Evaders List and the Sectoral Sanctions Identifications List, all administered by the U.S. Department of the Treasury, OFAC, (c) the U.S. Denied Persons List, the U.S. Entity List and the U.S. Unverified List, all administered by the U.S. Department of Commerce, (d) the consolidated list of Persons, Groups and Entities Subject to EU Financial Sanctions, as implemented by the EU Common Foreign & Security Policy and (e) similar lists of sanctioned parties maintained by other Governmental Authorities with regulatory authority over the Target Companies and their operations from time to time.

**Sanctions** means those applicable trade, economic and financial sanctions, and export control laws, regulations, embargoes, and restrictive measures (in each case having the force of law) administered, enacted or enforced from time to time by (a) the United States (including the Department of the Treasury, OFAC), (b) the European Union and enforced by its member states, (c) the United Nations, (d) His Majesty's Treasury, or (e) other similar Governmental Authorities with regulatory authority over the Target Companies and their respective operations from time to time.

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**Securities Act** means the United States Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder.

**Shareholders' Agreement** means the shareholders' agreement relating to the Company dated as of September 30, 2023, as amended on February 18, 2026.

**Statutory Financial Statements** means (i) the audited statutory financial statements of the Company and (ii) the unaudited financial statements of the Subsidiary, both as of the Most Recent Fiscal Year End, attached hereto as <u>Annex 2.2</u>.

**Suitability Documentation** means the suitability questionnaire in the form set forth in <u>Annex 5.6</u>.

**Target Intellectual Property Rights** means any and all Intellectual Property Rights related to the Target Companies' business, the Target Products or the Target Software that are owned by or licensed to, or purported to be owned by or licensed to, a Target Company.

**Target Products** means all products or services, including the Target Software, produced, manufactured, licensed, designed, developed, sold, marketed, distributed, provided, used or performed by or on behalf of the Target Companies (together with any technology, software, Intellectual Property Rights and other proprietary processes and data used with and in any such products and services).

**Target Software** means any and all software of a Target Company (including firmware and other software embedded in hardware devices) owned, developed (or currently being developed), used, marketed, distributed, licensed, or sold by a Target Company, but excluding any third party software that is generally available on standard commercial terms and is licensed to a Target Company solely for internal use on a non-exclusive basis.

**Target Technology** means all Technology owned or purported to be owned by the Target Companies.

**Tax** or **Taxes** means all tax liabilities, including income taxes (personal or corporate), capital taxes, stamp duties (both on the issuance and on the transfer of securities), withholding taxes, value added taxes, real estate gains taxes, real estate transfer taxes, property and land taxes, business taxes, custom duties, import taxes, payroll taxes (tax at source), any employer and employee social security contributions (including, for the avoidance of doubt, the Swiss *AHV/IV/EO/ALV*) or payments of equivalent nature, unemployment, pension or similar benefit contributions, and all other taxes, duties, levies or imposts payable to any competent Taxing Authority in any jurisdiction, as well as any related interest, penalties, costs and expenses.

**Tax Authority** means any Governmental Authority having jurisdiction over Tax Returns or assessment, determination, collection, or other imposition of any Taxes.

**Tax Returns** means all returns, declarations, reports, statements and other documents required to be filed by any Target Company to any Tax Authority in respect of any Taxes, and the term Tax Return means any one of the foregoing Tax Returns.

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**Tax Ruling** means a tax ruling issued by the Tax Authority of the canton of Vaud (with respect to PE) or the canton of Zurich (with respect to MD) that either (i) confirms that none of the payments to PE or MD under this Agreement qualify as Taxable Salary or (ii) to the extent a portion of the payments under this Agreement qualify as Taxable Salary, define the actual Tax amount or underlying calculation mechanism.

**Technology** means all items related to, constituting, disclosing or embodying any or all of the following, including all versions thereof and all technology from which such items were derived, including (i) works of authorship including computer programs, whether in source code or in executable code form, architecture and documentation, (ii) inventions (whether or not patentable), technology, discoveries and improvements, (iii) proprietary and confidential information, trade secrets and know how, (iv) databases, including customer databases, data and customer compilations and collections, and customer and technical data, (v) methods and processes, and (vi) devices, prototypes, designs and schematics.

**To the Sellers' Best Knowledge** (or any similar expression, such as "to the best of the knowledge of the Sellers") means, in connection with any statement in the Business Representations that is qualified by any such expression, the knowledge of anything of which any of the Sellers or any Key Person who is not a Seller has actual knowledge or after due and careful inquiries, the knowledge any of the Sellers or any Key Person who is not a Seller should have if he/she would have applied the diligence that can be reasonably expected in view of his/her respective function in the Target Companies or the transactions contemplated by this Agreement.

**Trademarks** means (i) trademarks, service marks, fictional business names, trade names, commercial names, certification marks, collective marks and other proprietary rights to any words, names, slogans, symbols, logos, devices or combinations thereof used to identify, distinguish and indicate the source or origin of goods or services; (ii) registrations, renewals, applications for registration, equivalents and counterparts of the foregoing; and (iii) the goodwill of the Target Companies' business associated with each of the foregoing.

**Transaction Documents** means this Agreement, the Disclosure Letter and any other document entered into or to be entered into pursuant to this Agreement.

**Transaction Expenses** means collectively: (i) any transaction bonuses, together with the employer portion of any payroll or employment Taxes and any employer contributions arising from or required in connection with such payments, that are paid or payable by any Target Company or which become due or are otherwise required to be made as a result of or in connection with this Agreement or the consummation of the transactions contemplated by this Agreement, (ii) all brokerage fees, commissions, finders' fees or financial advisory or banking fees, all legal, accounting, tax, consultant, audit or professional costs, fees and expenses or other transaction related costs, fees, or expenses incurred or payable by any Target Company in connection with the transactions contemplated by this Agreement or in investigating, negotiating, pursuing or completing the transactions contemplated hereby, (iii) all stay bonuses, sale bonuses, change of control, termination or other compensatory payments (whether employment related or otherwise), retention payments or similar payments owing by the Company or any other Target Company or payable as a result of or contingent upon the consummation of the transactions contemplated by this Agreement, or severance or retirement payments payable under agreements or arrangements entered into by any Target Company prior to Closing (in each case, plus the employer portion of any payroll or employment Taxes and any employer contribution resulting from, or required to be made as a result of, any such payments), (iv) all other fees and expenses incurred by the Company or any other Target Company in connection with the transactions contemplated by this Agreement, and (v) any payments to be made by a Target Company in connection with the preparation of the transactions contemplated by this Agreement prior to Closing (including for the avoidance of doubt the one-time lump-sum amount of CHF 250,000 (two hundred fifty thousand Swiss francs) due by the Company to the University of Lausanne under the (new) license agreement dated April 29, 2026 entered into by and between the Company and the University of Lausanne).

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**Transaction Payroll Taxes** means the employer portion of any payroll, employment or similar Taxes (including social security) arising from or in connection with any amounts payable under this Agreement to any of the Sellers or any amounts payable to any of the Option Holders under the Option Cancellation Agreements, to the extent not included in the Option Settlement Taxes.

**U.S. GAAP** means the generally accepted accounting principles in the United States as applied by the Buyer.

**VAT** means value added tax.

**3.** **Interpretation** 

(a) The words "hereof", "herein" and "hereunder", and words of similar import,
when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section,
Schedule and Annex references are to this Agreement unless otherwise specified.

(b) The meanings given to terms defined herein shall be equally applicable to both the singular and plural
forms of such terms.

(c) All Annexes and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part
of this Agreement, as if set forth in full herein.

(d) Any capitalized term used in any Annex or Schedule hereto, but not defined therein, shall have the meaning
assigned to it in this Agreement.

(e) Whenever the words "include", "includes", "including" or "in particular"
are used in this Agreement, they shall be deemed to be followed by the words "without limitation".

(f) References to "or" shall be deemed to be disjunctive but not necessarily exclusive (*i.e.,* unless the context dictates otherwise, "or" shall be interpreted to mean "and/or" rather than "either/or").
The words "other" and "otherwise" are not to be construed as being limited by any words preceding them.

(g) If a period of time is specified as dates from a given day or the day of an act or event, it shall (unless
otherwise stated in Section 10.2), be calculated excluding that day and a reference to a time of day is (unless this Agreement expressly
states otherwise) a reference to the time in Switzerland.

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(h) If provisions in this Agreement include English terms after which either in the same provision or elsewhere
in this Agreement German terms have been inserted in parentheses and/or italics, the respective German terms alone and not the English
terms shall be authoritative for the interpretation of the respective provisions.

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Annex 2.2 – Financial Statements

**[***separate documents***]**

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Annex 2.3(a)(ii) – Establishment of the Estimated Net Debt and the Estimated Net Working Capital

Prior to Closing, the Sellers' Representative has, upon due consultation with the Buyer, estimated in good faith the Net Debt and the Net Working Capital as at the Closing Date (the **Estimates**) for purposes of calculating the Preliminary Consideration and delivered the Estimates to the Buyer, together with reasonable documentation supporting the calculation of the Estimates. The Estimates established by the Sellers' Representative shall be used for purposes of calculating the Preliminary Consideration (which shall, for the avoidance of doubt, be subject to the adjustments pursuant to Section 2.4).

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Annex 2.4.1 – Determination of Adjustments

**1.** **Procedural Matters** 

(a) No later than sixty (60) Business Days following the Closing Date,
the Buyer shall deliver to the Sellers' Representative the Target's consolidated financial statements as at the Closing Date, established
in accordance with the manner described in clause 2 of this Annex 2.4.1 (the **Proposed Closing Accounts**, and upon becoming
final and binding in accordance with this Annex 2.4.1 the **Final Closing Accounts**), and determine based thereon the Final Net
Debt, the Final Employee Contributions, the Final Transaction Payroll Taxes and the Final Net Working Capital and the adjustments pursuant
to Sections 2.4.2 through 2.4.5 and this Annex 2.4.1 (the **Proposed Adjustment**, and upon becoming final and binding in
accordance with this Annex 2.4.1 the **Final Adjustment**). The Buyer shall procure that the Sellers' Representative and his advisors
are given access (during ordinary business hours) to the books and records of the Target as the Sellers' Representative may reasonably
request for the purposes of reviewing the Proposed Closing Accounts and the Proposed Adjustment.

(b) Unless the Sellers' Representative gives written notice (the **Notice of Objection**) to the Buyer within twenty (20) Business Days following receipt of the Proposed Closing Accounts and the Proposed
Adjustment that he disagrees with any specific item of the Proposed Closing Accounts or the Proposed Adjustment, stating in such
notice in reasonable detail the reasons for the objections and including specific proposals for adjustment of each disputed item in the
Proposed Closing Accounts and the Proposed Adjustment, the Proposed Closing Accounts and the Proposed Adjustment shall be deemed final
and binding on the Parties for all purposes.

(c) The Parties shall endeavor to resolve in good faith any objection of the Sellers within twenty (20)
Business Days after the Buyer's receipt of the Notice of Objection. If the Parties are unable to do so, either Party may refer the matter
to KPMG, who shall select an experienced partner of its accounting department, or if KPMG is for any reason not in a position to serve
as an expert, to BDO, who shall select an experienced partner of its accounting department, and if BDO is for any reason not in a position
to serve as an expert, to a partner of an accounting firm to be agreed upon by the Parties, or, if the Parties cannot agree on a partner
of an accounting firm within thirty (30) Business Days after the Buyer's receipt of the Notice of Objection, an expert appointed
by EXPERTsuisse upon request by either the Buyer or the Sellers' Representative (the partner of the accounting firm or the expert appointed
in accordance with this clause 1(c) hereinafter referred to as the **Appraiser**).

(d) The Appraiser shall establish independently, on behalf of the Parties and on the terms set forth in this
Annex 2.4.1, and Sections 2.4.2 through 2.4.5, the Final Closing Accounts and the Final Adjustment. In so doing, the Appraiser
shall serve as an expert (*Schiedsgutachter*), as that term is defined in article 189 of the Swiss Code of Civil Procedure (*Schweizerische Zivilprozessordnung*), and not as an arbitrator, and his or her determination of any subject matter falling within the scope of his
or her mandate shall be final and binding on the Parties, except in the event of a manifest error on the part of the Appraiser (in which
case the relevant part of his or her determination shall be void and the matter be remitted to the Appraiser for correction).

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(e) The Parties shall procure that the Appraiser will be furnished with all documents and information relating
to the establishment of the Final Closing Accounts and the Final Adjustment as the Appraiser may reasonably request.

(f) The Appraiser shall determine only:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) whether the specific items of the Proposed Closing Accounts, the Final Employee
Contributions or the Final Transaction Payroll Taxes, as applicable, that are disputed by the Sellers' Representative in his Notice of
Objection are accurate and in accordance with this Annex 2.4.1 and Sections 2.4.2 through 2.4.5, and if not, what alterations
are to be made to the Proposed Closing Accounts, the Final Employee Contributions or the Final Transaction Payroll Taxes, as applicable,
in order to correct the relevant inaccuracy of any such specific item; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) based on the Final Closing Accounts, the Final Employee Contributions or
the Final Transaction Payroll Taxes, as applicable, established by the Appraiser in accordance with the above, the Final Adjustment in
accordance with this Annex 2.4.1 and Sections 2.4.2 through 2.4.5.

For the avoidance of doubt, the Appraiser shall, where necessary for the above determinations, upon consultation, where required or considered appropriate by the Appraiser, of an independent legal expert appointed by the Appraiser, decide over disputes by the Parties on legal questions in connection with the establishment of the Final Closing Accounts and Final Adjustment, including, but not limited to, the proper construction and interpretation of this Agreement.

(g) The Appraiser shall make his or her determination pursuant to clause 1(f) of this Annex 2.4.1
as soon as reasonably practicable, but no later than forty-five (45) Business Days from the date of his or her appointment.

(h) The procedure as determined by the Appraiser shall comply with the requirements of due process; in particular,
the Appraiser shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) give the Sellers' Representative and the Buyer a reasonable opportunity to make written and oral presentations
to him or her;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) require that each of the Sellers' Representative and the Buyer provide the other with a copy of any written
presentations at the same time as they are made available to the Appraiser;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) permit each of the Sellers' Representative and the Buyer to be present while oral submissions are being
made by the other Party or while evidence is gathered by the Appraiser, including meetings and discussions with the employees of the Company;
and

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) conduct the proceedings in English.

(i) Each Party and the Appraiser shall, and shall procure that its accountants,
assistants and other advisors shall, keep all information and documents provided to them pursuant to this Annex 2.4.1 confidential
and shall not use the same for any other purpose, except for disclosure or use in connection with the preparation of the Final Closing
Accounts, the Final Employee Contributions, the Final Transaction Payroll Taxes, the proceedings before the Appraiser or otherwise in
connection with the determination of the Final Adjustment.

(j) The Appraiser shall allocate the costs and expenses (including VAT) between
the Seller s and the Buyer in proportion to the Parties' relative success or defeat in the Appraiser determination (whereby such
success or defeat shall be measured against each Party's position in its initial submission to the Appraiser).

(k) Notwithstanding anything to the contrary in this Annex 2.4.1, the Buyer
and the Sellers' Representative may refer the matter to dispute resolution pursuant to Section 11.2 at any time before the
Buyer, the Sellers' Representative and the Appraiser have reached agreement on the terms of engagement of the Appraiser.

**2.** **General Principles Applicable to the Closing Accounts** 

(a) The Proposed Closing Accounts and the Final Closing Accounts shall be drawn up:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in accordance with the policies and practices set forth in this Agreement and this Annex 2.4.1;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) so far as not inconsistent with the above, in accordance with the Swiss
Code of Obligations as such standards are applied pursuant to the accounting manual and the accounting principles, procedures and practices
adopted in the Consolidated Financial Statements, applied on a consistent basis (but with correctness prevailing over consistency).

(b) The (Proposed and Final) Closing Accounts shall be drawn up as at the Closing Date.

(c) The (Proposed and Final) Closing Accounts shall be expressed in CHF. For the sake of calculating the adjustments
pursuant to Sections 2.4.2 through 2.4.5 and this Annex 2.4.1, the Final Net Debt and the Final Net Working Capital shall be
translated into USD pursuant to Section 6.4 using the Agreed Exchange Rate.

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**3.** **Computation of Net Debt** 

(a) So far as not inconsistent with clause 3(b) below, Net Debt shall mean the difference of the
following Cash and Debt items, each as shown in the Final Closing Accounts as established in accordance with this Annex 2.4.1:

---

| | | |
|:---|:---|:---|
| | **Line Item in Consolidated Financial Statements** | **Caption** |
| | Total cash balances | (1000 accounts) |
| Less | Deferred revenue and accrued expenses | Acct 2300 |
| Less | Deferred revenue from subscriptions | Acct 2301 |

---

(b) Amounts to be included within Cash and Debt by reference to line items referred to above shall be included
consistently with the accounting principles and practices adopted in the Consolidated Financial Statements, applied on a consistent basis
(but with correctness prevailing over consistency).

**4.** **Computation of Net Working Capital** 

(a) So far as not inconsistent with clause 4(b) and clause 4(c) below, Net Working Capital
shall mean the aggregate sum of the following items, as shown in the Final Closing Accounts as established in accordance with this Annex 2.4.1:

---

| | | |
|:---|:---|:---|
| | **Line Item in Consolidated Financial Statements** | **Caption** |
| | Accounts receivable from goods and services (Debtors) | Acct 1100 |
| Less | Del credere (Acc. Depr. On debtors) | Acct 1109 |
| Plus | Goods / Merchandise (Trade) | Acct 1200 |
| Plus | Accrued revenue and deferred expenses (Accounts paid in advance) | Acct 1300 |
| Plus | Produits a recevoir | Acct 1301 |
| Less | Accounts payable from goods and services (Creditors) | Acct 2000 |
| Less | Total other current liabilities | All the 2200 accts |

---

(b) The computation of the Net Working Capital shall exclude items which are a direct consequence of the transactions
contemplated by this Agreement, including, without limitation, provisions or Liabilities for Taxes arising as a result of the Closing.

(c) The Net Working Capital shall be calculated so as to avoid double counting with the Net Debt.

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**5.** **Computation of Employee Contributions and Computation of Transaction Payroll Taxes** 

The Final Employee Contributions and the Final Transaction Payroll Taxes shall be calculated in accordance with the applicable withholding or contribution rates under applicable Law on the basis of the Preliminary Consideration, as adjusted in accordance with Sections 2.4.2 through 2.4.5, and the Option Settlement Payments with respect to the Preliminary Consideration.

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Annex 2.6.5(b)(i)(i) – Quote to [\*\*\*]

**[***separate document***]**

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Annex 2.6.5(b)(i)(ii) – Key Terms for Quote to [\*\*\*]

**[***separate document***]**

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Annex 3 – Allocation Statement

**[***separate document***]**

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Annex 4.2.1 – Closing Actions by the Sellers

(a) Each of the Sellers has individually delivered to the Buyer or its designated Affiliate(s):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a copy of any power of attorney under which any of the actions referred
to in this Annex 4.2.1 are executed, including (if applicable) evidence reasonably satisfactory to the Buyer of the authority
of any Person signing on behalf of the respective Seller, attached hereto as <u>Annex 4.2.1(a)(i)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) duly executed assignment declarations, by which each Seller assigns its/his
respective Shares and all rights associated therewith to the Buyer, attached hereto as <u>Annex 4.2.1(a)(ii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any relevant documents evidencing ownership by the Company of all the Subsidiary Shares, attached hereto
as <u>Annex 4.2.1(a)(iii)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) a duly executed U.S. Internal Revenue Service Form W-8BEN or W-8BEN-E, attesting that the executing
Seller is the beneficial owner of such Seller's Shares and is not a "U.S. person" as defined in the instructions thereto,
attached hereto as <u>Annex 4.2.1(a)(iv)</u>.

(b) The Sellers' Representative has delivered to the Buyer or its designated
Affiliate(s):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a duly executed Option Cancellation Agreement from each Option Holder, attached hereto as <u>Annex 4.2.1(b)(i)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) [intentionally left blank]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) originals of all corporate actions required under applicable Law and the
articles of association of the Company to approve (i) the transfer of the Shares from the Sellers to the Buyer and (ii) the
entry of the Buyer in the share register of the Company as owner of, and a shareholder with voting rights with respect to, the Shares,
attached hereto as <u>Annex 4.2.1(b)(iii)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the Company's share register evidencing the Buyer as owner of, and a shareholder with voting rights with
respect to, the Shares, attached hereto as <u>Annex 4.2.1(b)(iv)</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) resignation letters in form and substance reasonably acceptable to the Buyer
from each member of the board of directors (or similar body) designated by the Buyer to the Sellers' Representative in writing
(e-mail sufficient) prior to the Closing, pursuant to which such member of the board of directors (or similar body) (i) declares
his, her or its resignation as of the Closing Date as a member of the board of directors (or similar body) and (ii) waives any rights
of any kind whatsoever he, she or it has against any of the Target Companies arising out of, in connection with, or relating to his or
her board membership, attached hereto as <u>Annex 4.2.1(b)(v)</u>;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) the minutes of the shareholders' meeting (or other corporate body, as appropriate) of each Target Company
confirming the election of the members of the board of directors (or similar body) designated by the Buyer to the Sellers' Representative
in writing (e-mail sufficient) prior to the Closing, attached hereto as <u>Annex 4.2.1(b)(vi)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) evidence as to the termination (at no cost and without any remaining Liabilities owed by the Target Companies)
of all agreements between any Target Company, on the one hand, and the Sellers or any of their Affiliates, on the other hand, except for
the agreements set forth in Annex 4.2.15(b)(vii), attached hereto as <u>Annex 4.2.1(b)(vii)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) upon receipt of the amounts set forth in Sections 2.3(a)(iv) through 2.3(a)(vi) and Section 2.3(a)(ix) and
the Notified Employee Contributions on the account of the Company designated by the Sellers' Representative, deliver to the Buyer a written
copy of the payment instruction given to the bank designated by the Sellers' Representative pursuant to Annex 4.2.2(d) pursuant
to which the above-mentioned amounts will be wired to the Company's bank account, as evidenced in <u>Annex 4.2.1(b)(viii)</u>.

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Annex 4.2.1(a)(i) – Copy of Powers of Attorney

**[***separate documents***]**

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Annex 4.2.1(a)(ii) – Assignment Declarations

**[***separate documents***]**

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Annex 4.2.1(a)(ii) – Evidence of Ownership

**[***separate documents***]**

The Sellers hereby confirm that the documents attached hereto remain current and have not been altered or amended in any way since their issuance.

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Annex 4.2.1(a)(ii) – Forms W-8BEN or W-8BEN-E

**[***separate documents***]**

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Annex 4.2.1(b)(i) – Option Cancellation Agreements

**[***separate documents***]**

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Annex 4.2.1(b)(iii) – Corporate Actions for Transfer of Shares

**[***separate documents***]**

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Annex 4.2.1(b)(iv) – Company's Share Register

**[***separate document***]**

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Annex 4.2.1(b)(v) – Resignation Letters

**[***separate documents***]**

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Annex 4.2.1(b)(vi) – Minutes of Shareholders' Meetings for Governance

**[***separate documents***]**

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Annex 4.2.1(b)(vii) – Evidence of Termination of Related Party Agreements (except for the Surviving Related Party Agreements)

Termination agreement dated May 2, 2026 between Parkview and the Company

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Annex 4.2.1(b)(viii) – Written Copy of Payment Instruction

**[***separate document***]**

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Annex 4.2.2 – Closing Actions by the Buyer

The Buyer has, or has caused its Affiliates to complete the following:

(a) deliver to the Sellers' Representative a copy of any power of attorney under which any of the actions
referred to in this Annex 4.2.2 are executed, including evidence reasonably satisfactory to the Sellers' Representative of the authority
of any Person signing on behalf of the Buyer, attached hereto as <u>Annex 4.2.2(a)</u>;

(b) deliver to the Sellers' Representative a written confirmation from the Buyer's bank certifying that the
payment of the Cash Consideration, net of the amounts set forth in Sections 2.3(a)(ii) through 2.3(a)(ix), to the Sellers by
wire transfer of immediately available funds to the respective account(s) designated by the Sellers' Representative, has been successfully
processed, as evidenced in <u>Annex 4.2.2(b)</u>;

(c) issue, or cause to be issued, the Stock Consideration in accordance with Section 2.3(d) by book-entry
(or, if certificated, by delivery) in the records of the Buyer's transfer agent to the Sellers in accordance with the Ownership Percentage,
free and clear of Liens (other than applicable securities law transfer restrictions), subject to the legends and lock-up described in
Section 5.5 and the restrictions described in Section 2.6, as evidenced in <u>Annex 4.2.2(c)</u>.

(d) deliver to the Sellers' Representative a written confirmation from the Buyer's bank certifying that the
payment of the amounts set forth in Sections 2.3(a)(iv) through 2.3(a)(vi) and Section 2.3(a)(ix) and the Notified
Employee Contributions to the Company by wire transfer of immediately available funds to the account of the Company designated by the
Sellers' Representative has been successfully processed, as evidenced in <u>Annex 4.2.2(b)</u>; and

(e) deliver to the Company a notification regarding beneficial ownership to
the Shares and Subsidiary Shares as required by article 697j CO, attached hereto as <u>Annex 4.2.2(e)</u>.

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Annex 4.2.2(a) – Copy of Powers of Attorney

**[***separate documents***]**

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Annex 4.2.2(b) – Evidence of Flow of Funds

**[***separate documents***]**

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Annex 4.2.2(c) – Evidence of Issuance of Stock Consideration

**[***separate documents***]**

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Annex 4.2.2(e) – UBO Notifications

**[***separate documents***]**

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Annex 5.6 – Suitability Documentation

**[***separate document***]**

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Annex 7.1(a)(i) – Fundamental Representations

**1.** **Due Authorization and Capacity** 

(a) Parkview
 is duly incorporated and organized and validly existing under the Laws of Switzerland and
 has the full corporate capacity, power and authority, to own or use its respective assets
 and properties and to carry on its respective business as currently conducted.

(b) Each
 Seller who is a natural individual is a resident of the jurisdiction set forth opposite
 his name in Annex A.

(c) Each
 Seller has the full capacity and authority, and has taken all actions and obtained all consents
 and approvals (from spouses or otherwise), to execute this Agreement and the other Transaction
 Documents to which such Seller is a party and to perform his or its respective obligations
 under this Agreement or the other Transaction Documents to which such Seller is a party and
 to consummate the transactions contemplated by this Agreement. The signatories acting on
 behalf of Parkview are duly authorized.

(d) No bankruptcy, insolvency, judicial composition
 or similar proceedings have been, or have been threatened to be, opened, commenced or applied
 for under any law against the respective Seller or regarding the assets of the respective
 Seller, and there are no circumstances which would require or justify the opening of or application
 for such proceedings.

(e) The execution, delivery and performance of
 this Agreement and the Transaction Documents to which it is a party was (i) if such
 Seller is a natural individual, duly authorized by each Seller or (ii) if such Seller
 is not a natural individual, duly authorized by all requisite corporate action of such Seller.

**2.** **Organization and Qualification** 

(a) Each Target Company is duly incorporated and
 organized and validly existing under the Laws of Switzerland. Each Target Company has the
 full corporate capacity, power and authority to own or use its respective assets and properties
 and to carry on its respective business as currently conducted.

(b) <u>Annex 7.1(a)(i).2(b)</u> contains
 (i) a list of the board of directors, managers, management board and officers, as the
 case may be, of each Target Company and (ii) correct and complete copies of the articles
 of association and organizational documents, excerpts from the relevant commercial registers
 and the share register and register of beneficial owners for each Target Company, each of
 which is correct and complete. No Target Company is in default under or in violation of any
 provision of its organizational documents.

**3.** **Shares** 

(a) The share
 capital of the Company is structured as set forth in Recital A.

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(b) Each
 Seller is the sole and unrestricted legal, record and beneficial owner of the Shares as set
 forth opposite his or its name in <u>Annex A</u>, free and clear of any Liens.

(c) The Shares
 as set forth opposite each Seller's name in <u>Annex A</u> have been duly authorized,
 validly issued and in existence, fully paid up, not repaid and non-assessable, and constitute
 all of the shares and other securities in the Company (except for the 36,750 Options).

(d) Except
 for the 36,750 Options, there are no outstanding options, warrants, calls, puts, conversion
 rights or other Contracts, commitments or rights of any kind relating to the sale, issuance,
 voting, transfer or other disposal or the acquisition of any of the Shares or any other securities
 of the Company. No Seller is party to any voting trust, proxy or other Contract with respect
 to the voting of any of the Shares.

(e) The authorized,
 issued and outstanding equity securities and quota capital of the Subsidiary is structured
 as set forth in <u>Recital C</u>. The Company is the sole and unrestricted legal, record
 and beneficial owner of the Subsidiary Shares, and the Subsidiary Shares are validly authorized,
 issued and in existence, fully paid up, not repaid and non-assessable, free and clear of
 any Liens, not subject to any transfer restrictions or pre-emption or similar acquisition
 rights, not subject to any trust arrangements or sub-participations, and not subject to any
 obligation to make further contributions. There are no outstanding options, warrants, calls,
 puts, rights or commitments, or any other Contracts of any character relating to the sale,
 issuance, voting or the granting of rights to acquire any of the Subsidiary Shares or any
 other securities of the Subsidiary. There are no voting trusts, proxies or other Contracts
 with respect to the voting of the Subsidiary Shares.

(f) No Target
 Company owns shares or securities or has any other interest in any Person other than the
 Subsidiary. No Target Company has undertaken to acquire any shares or securities or other
 interest or to make any other or further investment, whether directly or indirectly, in any
 Person (including the Subsidiary).

**4.** **Validity of the Agreement** 

(a) This
 Agreement and the transactions contemplated hereunder constitute valid and binding obligations
 of each Seller, enforceable against each Seller under applicable Law in accordance with its
 terms, except to the extent that the enforceability may be limited by applicable insolvency
 or other Laws affecting the enforcement of creditors' rights generally.

(b) The execution
 and performance by each Seller of this Agreement and the Transaction Documents to which it
 is a party and the consummation of the transactions contemplated hereunder and thereunder
 does and will not (i) breach, violate or conflict with, if such Seller is not a natural
 person, any provision of the organizational documents of such Seller, (ii) breach, violate
 or conflict with any Contract or any applicable Law or Order to which such Seller is a party,
 bound or subject, or (iii) conflict with, result in a breach of, constitute a default
 under, result in the acceleration of, or create an event under any such Contract which would
 give rise to any right of any Person or to any obligation of such Seller, and will not result
 in the creation of any Lien on any assets of the Target Companies. All third-party notices,
 consents, waivers and approvals required under any Contracts for the consummation of the
 transactions and to preserve post-Closing rights and benefits of the Target Companies are
 set forth in the Disclosure Letter, and upon Closing the Target Companies shall continue
 to be permitted to exercise all rights thereunder without additional consideration other
 than ongoing fees payable pursuant to their terms.

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**5.** **Transactions With Affiliated Parties** 

(a) None of the Sellers, nor any officer, manager,
 partner or director of any Target Company nor, to the Sellers' Best Knowledge, any of the
 Affiliates of any of the foregoing (other than the Target Companies):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) is party to any Contracts or arrangements
 entered into between any of the Target Companies or which otherwise benefits any Target Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) owns, directly or indirectly, any stock
 or other ownership interest or investment in any Person that is engaged in the Company's
 business or is a competitor, supplier, customer, lessor or lessee of any Target Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) has any claim against or owes any amount
 to, or is owed any amount by, any Target Company other than, with respect to any employee
 of any Target Company, under any employment agreement, Employee Benefit Plan or similar agreement
 or document;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) has any interest in or owns any assets,
 properties or rights (including any Contract) used in the conduct of the business of any
 Target Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) has received from or furnished to any
 Target Company any goods or services since the Most Recent Fiscal Year End, or is involved
 in any business relationship with any Target Company.

(b) Except as expressly set forth in <u>Annex 4.2.1(b)(viii)</u>,
 all agreements between any of the Target Companies on the one hand and any of the Sellers
 or any of their Affiliates on the other hand have been terminated prior to or effective no
 later than as of Closing without any remaining liabilities owed by any of the Target Companies.

**6.** **Broker's Fees** 

Except for the payments made by the Sellers to Parkview for the provision of certain M&A advisory services, no Target Company nor any Seller has any obligation to pay, secure or guarantee any broker's, finder's or transaction or similar fee or commission in connection with the execution or consummation of this Agreement.

**7.** **No Conflicts** 

(a) The
 execution and performance by the Sellers of this Agreement and the Transaction Documents
 and the consummation of the transactions contemplated by this Agreement and the Transaction
 Documents does and will not: (i) violate or conflict in any respect with any provision
 of the Target Companies' articles of association or organizational regulations or document,
 (ii) breach, violate or conflict with any applicable Law or Order to which the Target
 Companies are subject or to which any of the assets, properties or businesses of any Target
 Company is subject or otherwise bound, except where the failure of any of the representations
 and warranties contained in clause (ii) above to be true would not be material to the
 Target Companies.

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(b) Except as specifically set forth in this Agreement,
 no notification, registration or filing is required to be made by any of the Target Companies
 with, and no Permit is required to be obtained by any of the Target Companies from, any Governmental
 Authority in connection with the execution of this Agreement or the consummation of the transactions
 contemplated hereunder, which if not obtained is likely to be material to any of the Target
 Companies or their business.

(c) There are at the date hereof no actions, suits
 or proceedings pending or threatened against any of the Sellers or the Target Companies before
 any court, arbitral tribunal or administrative board seeking to hinder the consummation of
 the transactions contemplated by this Agreement.

**8.** **No Insolvency** 

None of the Sellers or the Target Companies is over-indebted, illiquid, insolvent or object of any debt moratorium, bankruptcy or similar proceeding or in the process of being dissolved. There are no circumstances that are likely to give rise to any of the foregoing. None of the Target Companies is required to file for any such proceedings under the Laws applicable to it.

**9.** **Accredited Stockholder Investment Representations** 

If a Seller holds Company Capital Stock and has completed and delivered to the Company or Buyer duly executed Suitability Documentation certifying that such Seller is an Accredited Stockholder, then the Seller hereby represents and warrants as of the date hereof, as to itself, himself or herself only, that each statement in this Section 9 is true and complete in all respects.

(a) **No Registration.** The Seller understands
 that the Buyer Shares issuable pursuant to this Agreement have not been registered under
 the Securities Act, by reason of a specific exemption from the registration provisions of
 the Securities Act, the availability of which depends upon, among other things, the bona
 fide nature of the investment intent and the accuracy of Seller's representation as expressed
 herein or otherwise made pursuant hereto.

(b) **Investment Intent.** Except for the distribution
 of the Buyer Shares to its partners or members (if Seller is a venture capital, private equity
 or other investment fund), the Seller is acquiring such Buyer Shares for investment for its
 or his own account, not as a nominee or agent, and not with the view to, or for resale in
 connection with, any distribution thereof, and the Seller has no present intention of selling,
 granting any participation in, or otherwise distributing the same. The Seller does not have
 any contract, undertaking, agreement or arrangement with any person or entity to sell, transfer
 or grant participation to such person or entity or to any third person or entity with respect
 to any of the Buyer Shares it acquires in connection with the transactions contemplated by
 this Agreement (other than, if the Seller is a venture capital, private equity or other investment
 fund, pursuant to the terms of its limited partnership agreement, limited liability company
 agreement or other organizational documents, including any "side letters" thereto
 or similar agreements with its investors).

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(c) **Investment Experience.** The Seller has
 sufficient experience in evaluating and investing in securities of companies and acknowledges
 that the Seller can protect its or his own interests. The Seller has such knowledge and experience
 in financial and business matters so that the Seller is capable of evaluating the merits
 and risks of owning the Buyer Shares.

(d) **Speculative Nature of the Shares.** The
 Seller understands and acknowledges that ownership of the Buyer Shares is highly speculative
 and involves substantial risks. The Seller can bear the economic risk related to owning the
 Buyer Shares and is able, without impairing the Seller's financial condition, to hold the
 Buyer Shares for an indefinite period of time and to suffer a complete loss of the value
 of the Buyer Shares acquired by the Seller in connection with the Transactions.

(e) **Opportunity to Discuss.** The Seller
 has had an opportunity to ask questions of, and receive answers from, the Buyer and its Representatives
 concerning this Agreement, this Agreement and any Transaction Documents, and the transactions
 contemplated hereby and thereby, and the Seller believes that it or he has received all information
 the Seller considers necessary for deciding whether to accept the Buyer Shares as partial
 payment of the consideration payable by the Buyer hereunder. The Seller acknowledges that
 it or he is relying solely on its or his own counsel and not on any statements or representations
 of the Buyer, or the Company or their respective Representatives for legal advice with respect
 to this Agreement and any Transaction Documents, and the transactions contemplated hereby
 and thereby, other than the representations and warranties of the Buyer pursuant to Section 7.2.

(f) **Accredited Investor.** The Seller is
 an "accredited investor" within the meaning of Regulation D, Rule 501(a),
 promulgated by the SEC under the Securities Act.

(g) **Residency.** The Seller has provided
 the Buyer with its current address of residency.

(h) **Rule 144.** The Seller acknowledges
 that any Buyer Shares that the Seller acquires in connection with the transactions contemplated
 by this Agreement must be held indefinitely unless subsequently registered under the Securities
 Act or an exemption from such registration is available. The Seller is aware of the provisions
 of Rule 144 promulgated under the Securities Act which permit resale of restricted securities
 subject to the satisfaction of certain conditions, which may include, among other things,
 the availability of certain current public information about the Buyer; the resale occurring
 not less than a specified period after a party has acquired the security to be sold; the
 number of shares being sold during any three-month period not exceeding specified limitations;
 the sale being effected through a "brokers' transaction," a transaction directly
 with a "market maker" or a "riskless principal transaction" (as those
 terms are defined in the Securities Act or the Securities Exchange Act of 1934, as amended,
 and the rules and regulations promulgated thereunder); and the filing of a Form 144
 notice, if applicable. The Seller acknowledges and understands that the Buyer may not be
 satisfying the current public information requirement of Rule 144 at the time the Seller
 wishes to sell the Buyer Shares that the Seller acquires in connection with the transactions
 contemplated by this Agreement, and that, in such event, the Seller may be precluded from
 selling such securities under Rule 144, even if the other applicable requirements of
 Rule 144 have been satisfied. The Seller acknowledges that, in the event the applicable
 requirements of Rule 144 are not met, registration under the Securities Act or an exemption
 from registration will be required for disposition of any Buyer Shares that the Seller acquires
 in connection with the transactions contemplated by this Agreement. The Seller understands
 that, although Rule 144 is not exclusive, the SEC has expressed its opinion that persons
 proposing to sell restricted securities received in a private offering other than in a registered
 offering or pursuant to Rule 144 will have a substantial burden of proof in establishing
 that an exemption from registration is available for such offers or sales and that such persons
 and the brokers who participate in the transactions do so at their own risk.

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(i) **Legend.** The Seller understands that
 (i) the Buyer Shares constitute "restricted securities" under the Securities
 Act, and may not be transferred absent registration under the Securities Act or an exemption
 therefrom, and any such transfer shall be subject to compliance with applicable state securities
 laws, and (ii) all Buyer Shares shall bear a legend or legends referencing restrictions
 applicable to such shares under applicable securities laws and under this Agreement, which
 legend shall state in substance:

"The securities evidenced by this certificate have been issued and sold without registration under the Securities Act, or the securities laws of any state of the United States (a "**State Act**") in reliance upon certain exemptions from registration under said acts. The securities evidenced by this certificate cannot be sold, assigned or otherwise transferred within the United States unless such sale, assignment or other transfer is (i) made pursuant to an effective registration statement under the Securities Act and in accordance with each applicable State Act or (ii) exempt from, or not subject to, the Securities Act and each applicable State Act."

(j) **Material Nonpublic Information.** The
 Seller hereby confirms that it or he is aware, and that its or his Representatives have been
 advised, that the United States securities laws prohibit any Person who has material nonpublic
 information about a company from purchasing or selling securities of such company or from
 communicating such information to any other Person under circumstances in which it is reasonably
 foreseeable that such Person may purchase or sell such securities.

**10.** **Non-U.S. Persons Investor Representations** 

If a Seller checked the box entitled "Non-U.S. Person" on the signature page to the Agreement, such Seller hereby represents that:

(a) The Seller is not a "U.S. Person"
 (as defined under the Securities Act).

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(b) The Seller has provided Buyer with its current
 address of residency on the signature page to this Agreement.

(c) The Seller is not acquiring the Buyer Shares
 for the account or benefit of any U.S. Person.

(d) The Seller is acquiring the Buyer Shares for
 investment for its or his own account, not as a nominee or agent, and not with the view to,
 or for resale in connection with, any distribution thereof, and the Seller does not have
 any present intention of selling, granting any participation in, or otherwise distributing
 the same. The Seller does not have any contract, undertaking, agreement or arrangement with
 any person or entity to sell, transfer or grant participation to such person or entity or
 to any third person or entity with respect to any of the Buyer Shares, if any, it or he acquires
 in connection with the transactions contemplated by this Agreement.

(e) The Seller can bear the economic risk of holding
 the Buyer Shares and is able, to hold the Buyer Shares for an indefinite period of time and
 to suffer a complete loss of the Seller's investment.

(f) The Seller understands that the Buyer Shares
 have not been, and will not be, registered under the Securities Act, by reason of a specific
 exemption from the registration provisions of the Securities Act which depends upon, among
 other things, the bona fide nature of the investment intent and the accuracy of the Seller's
 representations as expressed in this Section 10.

(g) The Seller understands that the Buyer Shares
 are "restricted securities" under applicable U.S. federal and state securities
 laws and that, pursuant to these laws, the Seller must hold Buyer Shares indefinitely unless
 they are registered with the U.S. Securities and Exchange Commission and qualified by state
 authorities, or an exemption from such registration and qualification requirements is available.
 The Seller acknowledges that neither the Buyer nor any of its Affiliates has any obligation
 to register or qualify the Buyer Shares unless otherwise provided in this Agreement or any
 stockholder agreements with the Buyer or one of its Affiliates.

(h) The Seller further acknowledges that if an
 exemption from registration or qualification is available, it may be conditioned on various
 requirements including, but not limited to, the time and manner of sale, the holding period
 for the Buyer Shares, and requirements relating to the Buyer or one of its Affiliates which
 are outside of the Seller's control.

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Annex 7.1(a)(ii) – Business Representations

**1.** **Financial Statements** 

(a) Annex
 2.2 contains correct and complete copies of the Financial Statements. The Financial Statements
 (and the balance sheets and income statements included therein, respectively) have been prepared
 in accordance with the Swiss Code of Obligations and evaluation principles applied
 on a basis consistent with that of preceding periods, are correct, complete and not misleading
 and accurately represent the financial condition, results of operation and cash flow of the
 Target Companies as of and for their respective dates and for the periods then ending.

(b) To the
 extent that contingent Liabilities were not required to be included in the Liabilities reflected
 on the balance sheet included in the Financial Statements, such Liabilities have been reflected
 as below-the-line items on such balance sheet as required by the Swiss Code of Obligations
 or otherwise adequately disclosed in the notes to the respective financial statements.

(c) Without
 limitation to the foregoing:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Target Company does not have any Liabilities
 (whether absolute, accrued or contingent), other than Liabilities (A) set forth in the
 balance sheet included in the Financial Statements, and not discharged subsequent to the
 Most Recent Fiscal Year End, or (B) Liabilities incurred by a Target Company subsequent
 to the Most Recent Fiscal Year End, in the ordinary course of business and not discharged
 since the Most Recent Fiscal Year End.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To
 the Sellers' Best Knowledge, and except as included in the Financial Statements, the Company
 does not have any material Liability that relates to or has arisen out of a breach of Contract,
 breach of guarantee, warranty or tort or infringement by or against the Company or any claim
 or lawsuit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) There
 is no requirement for the Company to repay any COVID 19-related government subsidies.

(d) No Target Company has any Financial Debt or
 is liable for any Financial Debt.

(e) All
 notes and accounts receivable reflected on the Financial Statements, and all accounts
 receivable of the Target Companies generated since the Most Recent Fiscal Year End (the **Receivables**),
 constitute bona fide receivables resulting from the sale of inventory, services or other
 obligations in favor of the Target Companies as to which full performance has been fully
 rendered, and are valid and enforceable claims. All of the accounts receivable of the Target
 Companies as of the Closing Date will, to the Best Knowledge of the Sellers, be current and
 collectible, except to the extent any reserve for bad debts is included as a current liability
 in the final calculation of the Net Working Capital. The Receivables are not subject to any
 pending or threatened defense, counterclaim, right of offset, returns, allowances or credits,
 except to the extent reserved against the accounts receivable. The reserves against the accounts
 receivable for returns, allowances, chargebacks and bad debts are commercially reasonable
 and have been determined in accordance with the Swiss Code of Obligations, consistently applied
 in accordance with past custom and practice.

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(f) The
 accounts payable of the Target Companies reflected in the Financial Statements arose
 from bona fide transactions in the ordinary course of business, and all such accounts payable
 have either been paid, are not yet due and payable in the ordinary course of business, or
 are being contested by the Target Companies in good faith.

**2.** **Taxes** 

(a) The
 Target Companies have timely filed all federal, cantonal, municipal and foreign income, information
 and other Tax Returns that were required to be filed by a Target Company on or prior
 to the Closing Date whether or not shown on a Tax Return. All such Tax Returns comply with
 all applicable Laws and correctly reflect all facts regarding the income, business, assets,
 operations, activities, status and other matters of or information regarding the Target Companies
 required to be shown thereon. No issues have been raised by or are currently pending with
 any Governmental Authority with respect to any such Tax Return.

(b) Each
 Target Company has timely paid all Taxes imposed upon such Target Company or for which such
 Target Company is or could be liable, whether to Governmental Authorities or other Persons,
 with respect to all taxable periods or portions of periods ending on or before the Closing
 Date, other than Taxes that are not yet due and payable and Taxes that are being contested
 in good faith by such Target Company.

(c) The unpaid
 Taxes of each Target Company that are not yet due and payable or that are being contested
 in good faith, have been reserved in full as Tax liability in the balance sheet included
 in the Financial Statements, as adjusted for the passage of time through the Closing Date,
 in accordance with all applicable Tax Laws.

(d) There are no re-assessments, reviews, audits,
 disputes or litigation relating to Taxes pending or threatened against any of the Target
 Companies, and, to the Sellers' Best Knowledge, no transaction or arrangement has been entered
 into and no condition or fact or set of circumstances exists which could result in any such
 re-assessment, review, audit, dispute or litigation. Without limiting the generality of the
 foregoing, no deficiency or adjustment for any amount of Tax that has not been paid, settled
 or otherwise resolved has been proposed or asserted in writing by any Governmental Authority
 against any of the Target Companies.

(e) No waivers
 of statutes of limitation with respect to the Taxes or Tax Returns of a Target Company have
 been given by or requested from a Target Company.

(f) No claim
 has ever been made in writing, or otherwise toward any Target Company by any Governmental
 Authority in a jurisdiction where a Target Company does not file Tax Returns that a Target
 Company is or may be subject to taxation by that jurisdiction. No Target Company is subject
 to taxation in a jurisdiction other than a jurisdiction where a Target Company files Tax
 Returns and no Target Company has a permanent establishment within or outside of Switzerland.

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(g) All Taxes
 required to be withheld or collected by each Target Company, including Taxes arising as a
 result of payments to Persons for services rendered to a Target Company, have been properly
 withheld and collected and, to the extent required, have been paid to or deposited with the
 appropriate Governmental Authorities as required by applicable Laws, and each Target Company
 has maintained complete, correct and up-to-date records that comply with all applicable Tax
 Laws with respect to such withholdings or collections.

(h) No Target
 Company is a party to or bound by any tax indemnity agreement, tax sharing agreement, tax
 allocation agreement or any similar arrangement for the sharing of Tax liabilities or benefits.

(i) No Target
 Company is liable to pay, reimburse or indemnify any Person (including a Tax Authority) in
 respect of the Tax liability of any other Person, whether or not as a consequence of such
 third person failing to discharge such liability.

(j) Each Target Company is and has at all times
 been in compliance will all applicable Laws and all applicable orders relating to Taxes,
 including for the reporting, withholding, collection and payment of Taxes and requirements
 pertaining to transfer pricing rules and regulations, and no Target Company has been
 involved in any tax motivated transaction where the avoidance or deferral of Taxes was the
 sole or main benefit to the transaction.

(k) All related party transactions entered into
 between the Target Companies, on the one hand, and the Sellers or their respective Affiliates,
 on the other hand, are and have been at arm's length terms.

(l) All tax rulings obtained or filed by the Target
 Companies are attached hereto as <u>Annex 7.1(a)(ii).2(l)</u>.

(m) Each Target Company has in its possession,
 under its control or access to all records, invoices and other information which any Target
 Company is reasonably required to keep for Tax purposes, or which would be needed to substantiate
 any claim made or position taken in relation to Tax by the relevant Target Company and all
 such records, invoices and information are complete, true and correct in all material respects.

(n) No Target Company has elected to be treated
 other than as a corporation for United States federal income tax purposes, and no such election
 is pending.

(o) No Target Company owns any interest in "United
 States property" within the meaning of Section 956 of the United States Internal
 Revenue Code (the "**IRC**") or "United States real property" within
 the meaning of Section 897 of the IRC.

(p) No Target Company will be required to include
 any item of income after the Closing Date attributable to any deferred revenue or prepaid
 amount received on or prior to the Closing Date.

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**3.** **Assets** 

The Target Companies have good and valid title to, or a valid right secured by Contract or otherwise to use, all of the properties and assets (tangible and intangible) used by or beneficial to the Target Companies in the conduct of their business and all of the assets included in the balance sheet contained in the Financial Statements, in each case free and clear of all Liens. The assets, properties and rights of the Target Companies include all of the assets, properties and rights that are used in the operations as currently conducted consistent with past practice, are adequate to conduct their business as currently conducted, and will be adequate to enable the Buyer to continue to conduct the business as currently conducted. The assets of the Target Companies are in good operating condition and repair, normal wear and tear excepted, are suitable for the uses intended therefor, are, to the Sellers' Best Knowledge free from any latent defects and have been maintained in accordance with normal industry practice. No material assets, services or rights necessary to conduct such business are held by the Sellers or their Affiliates (other than the Target Companies).

**4.** **Intellectual Property Rights** 

(a) Each
 of the Target Companies either owns exclusively or licenses pursuant to valid and binding
 license agreements all Intellectual Property Rights, including the Target Intellectual Property
 Rights, used in the conduct and operation of its business, including for the performance,
 development, design, manufacture, production, sale, distribution, commercialization, exploitation
 and use of the Target Products (the **Target Intellectual Property**). The Disclosure
 Letter sets forth (i) a complete and accurate list of all of the following that are
 owned, filed in the name of, or applied for, by any Target Company with a Governmental Authority
 or domain name registrar as of the date hereof: (A) issued Patent and pending Patent
 applications; (B) registered Trademarks and applications therefor; (C) registered
 Copyrights and applications therefor; and (D) Domain Names, including for each item,
 the name of the recorded owner or registrant of record, applicable jurisdiction, status,
 application and registration number (if applicable), and date of application or registration
 (if applicable); and (ii) all licensed Target Intellectual Property, including licenses
 for open source software.

(b) Except
 as disclosed in the Disclosure Letter, none of the Target Companies is a party to or bound
 by any agreement or license for use of third party Intellectual Property Rights (other than
 licenses for software that may be purchased over-the-counter) or entitling any third party to use any Target Intellectual Property (the **Target Intellectual Property Agreements**).
 None of the Target Companies has received notice from any Person inviting a Target Company
 to take a license under any Intellectual Property Right.

(c) All

 were employed by any of the Target Companies and while working within the scope of the duties
 of their respective employments, except for the third party contractors and consultants identified
 in the Disclosure Letter who have assigned to the Company all of their right, title

 the agreements identified opposite their names in such Section of the Disclosure Letter.

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(d) No Target Intellectual Property is owned or
 possessed by any of the Sellers, their Affiliates (other than the Target Companies) or any
 of the Sellers' or such Affiliates' directors, officers or employees or any director, officer
 or employee of any Target Company. Any Target Company has fulfilled all its obligations concerning
 employee inventions and designs, and there are valid, enforceable and written contracts in
 place regarding the transfer and assignment (to the fullest extent possible under applicable
 law) to a Target Company of the exclusive right to, and regarding remuneration for, all Target
 Intellectual Property Rights (including but not limited to Copyrights and inventions) created
 by any employee of any Target Company.

(e) There
 are no facts or circumstances existing that could render any owned Target Intellectual Property
 or, to the Sellers' Best Knowledge, any Target Company's rights to use any licensed Target
 Intellectual Property invalid or unenforceable. Without limiting the generality of the foregoing,
 (i) the registered owned Target Intellectual Property is valid and subsisting and all
 application and renewal fees and other amounts due have been paid, (ii) all documents
 necessary for the registration and renewal of the registered owned Target Intellectual Property
 have been timely filed, (iii) all applications with respect to applied for but not yet
 registered owned Target Intellectual Property are pending in good standing, (iv) no
 re-examinations or oppositions are pending or, to the Sellers' Best Knowledge, threatened
 with respect to any registered owned Target Intellectual Property or any pending applications
 for registration, and (v) all licenses, fees and royalties due and payable for the Company's
 use of the licensed Target Intellectual Property have been duly and timely paid.

(f) None of the Target Companies has (i) transferred
 or assigned ownership of any Target Intellectual Property that was, at the time of transfer
 or assignment, material to any Target Company; (ii) granted any exclusive license of
 or exclusive right to Target Intellectual Property; (iii) authorized or agreed to joint
 ownership of Target Intellectual Property; or (iv) permitted any Target Company's rights
 in any Intellectual Property Rights to lapse or enter the public domain.

(g) Except
 as disclosed in the Disclosure Letter, none of the Target Companies has withdrawn or permitted
 to lapse any application for registration of any owned Target Intellectual Property
 and no application for registration of any owned Target Intellectual Property has been rejected
 or denied by any appropriate official office (*e.g.*, patent or trademark office or
 agency of any government or supra-national body or organization).

(h) Except
 as disclosed in the Disclosure Letter, none of the Target Companies is required to pay royalties
 or make any other payments to any third party for the use of any owned Target Intellectual
 Property.

(i) All
 Target Intellectual Property that is not licensed Intellectual Property Right is owned exclusively
 by any of the Target Companies, free and clear of any and all Liens. Without limiting the
 generality of the foregoing, there are no restrictions on the disclosure, use or transfer
 of the owned Target Intellectual Property and no owned Target Intellectual Property
 is subject to any judgment, injunction, order, decree or agreement restricting the use thereof
 by any of the Target Companies.

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(j) Each
 of the Target Companies has taken all commercially reasonable actions necessary to maintain
 and protect the owned Target Intellectual Property and has taken all reasonable steps in
 accordance with normal industry practices to maintain the confidentiality thereof. Without
 limiting the generality of the foregoing, no owned Target Intellectual Property has
 been disclosed other than to Persons who are either bound by a duty of confidence pursuant
 to applicable Law or a written non-disclosure agreement having terms and conditions customary
 for the industry in which the Target Companies operate. To the Sellers' Best Knowledge, no
 Person has violated or is in breach of the use, confidentiality or non-disclosure restrictions
 of any such non-disclosure agreement.

(k) To the Sellers' Best Knowledge, no person
 has infringed, misappropriated or otherwise violated any owned Target Intellectual Property.
 No claim has been made by any of the Target Companies, and no action, suit, investigation
 or proceeding has been initiated by any of the Target Companies before any Governmental Authority,
 involving or alleging that a third party has infringed, misappropriated or otherwise violated
 any owned Target Intellectual Property.

(l) The operation of the business of the Target
 Companies as currently conducted and as proposed to be conducted does not infringe, misappropriate
 or otherwise violate any Intellectual Property Right of any third party. No claim has been
 received by any of the Target Companies, and no action, suit, investigation or proceeding
 is pending or threatened against any of the Target Companies before any Governmental Authority,
 involving or alleging that the use of the Target Intellectual Property or the development,
 sale, distribution or use of any Target Products infringes, misappropriates or otherwise
 violates any Intellectual Property Right of any third party.

(m) Neither this Agreement nor the transactions
 contemplated hereby will result in, or give any other Person (other than the Buyer and its
 Affiliates) the right or option to cause, pursuant to any contract to which any of the Target
 Companies is a party: (i) a loss of, or imposition of any Lien on, any Target Intellectual
 Property; (ii) any Person being granted rights or access to, or the placement in or
 release from escrow, of any technology, including Company source code; (iii) any of
 the Target Companies granting or assigning to any Person any right in or license to any Target
 Intellectual Property; (iv) any of the Target Companies being bound by, or subject to,
 any non-compete or other contractual restriction on the operation or scope of its business;
 (v) the termination or material alteration of any of the Target Companies' right in
 or to any Target Intellectual Property; or (vi) any of the Target Companies being obligated
 to pay any royalties or other amounts to any Person in excess of those payable by any of
 the Target Companies prior to the Closing Date.

(n) None
 of the Target Companies has participated in any standards-setting process or made or undertaken
 any commitment or obligation to license, or offer to license, any Target Intellectual
 Property as a result of or in connection with its participation in any standards-setting
 process.

(o) Each
 Target Company has undertaken all actions reasonably necessary to protect the confidentiality
 of its source code and other non-binary software code and to comply with the requirements
 binding on it under any open-source licenses. None of the Target Companies has provided or
 is under any obligation to provide any source code or other non-binary software code to any
 third party, whether for escrow, due to compliance with open source licenses or otherwise.

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(p) The Disclosure Letter set forth a complete
 and accurate list of all open source software that has been used in, incorporated into, integrated
 or bundled with any Target Products distributed by or on behalf of any of the Target Companies,
 and for each such item of open source software: (i) the name and version number of the
 open source software; (ii) the name and version number of the applicable license; (iii) for
 any copyleft license (such as the GNU General Public License), the manner in which such open
 source software is used in, incorporated into, integrated or bundled with any Target Products
 (including, as applicable, the manner and extent to which such item of open source software
 interoperates with any Target Products, such as by static or dynamic linking, inheritance,
 pipes, files, APIs, function calls, etc.); (iv) whether such open source software
 was modified by or on behalf of any of the Target Companies; and (v) whether such open
 source software was distributed by or on behalf of any of the Target Companies. Each Target
 Company is in compliance with all licenses for open-source software used by such Target Company,
 including all license notice requirements. None of the Target Companies uses, has used or
 does currently plan to use any open source software or any modification or derivative thereof
 in a manner that would condition the license governing such open source software on any of
 the Target Companies' making available, in source code form or under the terms of any such
 open source license, any portion of Target Products that was developed by or for any of the
 Target Companies, or that is owned or purported to be owned by any of the Target Companies.

(q) Except
 as disclosed in the Disclosure Letter, no government funding, facilities or resources
 of any government, university, college, other educational institution, multi-national, bi-national
 or international organization or research center was used in the development of the Target
 Intellectual Property Rights. No Governmental Authority has any rights to any Target Intellectual
 Property Rights.

(r) The Disclosure Letter lists for each item
 of registered Intellectual Property: owner, jurisdiction, application/registration numbers,
 filing and issuance/registration dates, prosecution status, and for domain names, renewal
 dates and registry information; and any formal actions required within 90 days after Closing
 (including fees and filings).

(s) No
 Target Company is or has been a member, promoter or contributor to any standards body that
 requires it to license any Target Intellectual Property to third parties, nor is any Target
 Company party to any Contract requiring the grant of licenses to standards -essential
 technology.

(t) The
 Target Companies have provided correct and complete copies of each standard form of agreement
 used in the business, including (as applicable) employee/contractor IP assignment and confidentiality
 forms, nondisclosure agreements, trial/evaluation agreements, non -negotiated customer
 terms of service, and privacy policies. Such terms of service are valid, binding and enforceable
 against all parties thereto, and no Target Company has received notice of any breach or default
 thereunder.

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**5.** **Information Technology Assets** 

(a) The
 computer systems, communication systems, software and hardware (the **Information Technology Assets**) used in the conduct and operation of the Target Companies' business
 are owned, licensed to or otherwise lawfully held and used by any of the Target Companies.

(b) The
 Information Technology Assets are reasonably adequate for the current requirements
 of the Target Companies' business and are supported by necessary and adequate maintenance
 and support services.

(c) The
 licenses to the software assets, including but not limited to any open-source software, included
 in the Information Technology Assets that is part of the Target Products, or that
 is used to develop, maintain or provide the Target Products will not restrict or in any other
 way be affected by the transactions contemplated by this Agreement.

(d) The
 hardware assets included in the Information Technology Assets used in the conduct and operation
 of the Target Companies' business have no material defects and are in reasonable good
 operating condition, ordinary wear and tear exempted, and have been reasonably maintained.

(e) Each
 Target Company has commercially adequate procedures to prevent unauthorized access to and
 the introduction of viruses or other malware into the Information Technology Assets and for
 the taking and storing of back-up copies of the software and data kept and processed in the
 Information Technology Assets.

(f) Neither
 the Target Products nor the Information Technology Assets contain or have ever contained
 any virus, Trojan horse, worm, or other software routines or hardware components designed
 to permit unauthorized access, to disable, erase, or otherwise harm software, hardware or
 data (collectively, the **Contaminants**). There are, and for the past three (3) years
 have been, no material defects, technical concerns or problems in any of the Target Products
 that would prevent the same from performing substantially in accordance with their user specifications
 or functionality descriptions (collectively, the **Technical Deficiencies**). None of
 the Target Companies has received any complaints from any customers related to any Contaminants
 or Technical Deficiencies.

**6.** **Data Protection** 

(a) Each
 Target Company has all necessary rights, and permissions, consents or authorizations as required
 under, and has at all times complied in all material respects with all relevant legal requirements
 and applicable Laws in connection with the processing, collection, use, transfer, disclosure
 and protection of personal data of any individuals, including but not limited to each Target
 Company's employees, independent contractors and customers, and this Agreement and the consummation
 of the transactions hereunder will not conflict with, or result in any violation or breach
 of, or default by any Target Company.

(b) Each
 Target Company obtains and has obtained prior consent for any cookies or tracking technologies
 implemented in connection with Target Products as required by applicable Law. None of the
 Target Companies currently processes or has ever in the past processed special categories
 of information or sensitive data, including health or medical information, any credit card
 information, credit scores, financial account information, social security numbers other
 than those of its employees as required under applicable Laws, or any information regarding
 anyone that is a minor.

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(c) None of the Target Companies has transferred
 or permitted the transfer of personal data originating in Switzerland or outside Switzerland,
 except where such transfers have complied with the requirements of applicable Laws.

(d) None of the Target Companies has been subject
 of any inquiry, proceeding, formal order or audit by any Governmental Authority regarding
 processing, collection, use, transfer, disclosure and protection of personal data of any
 individuals, including but not limited to any of the Target Companies' employees, independent
 contractors and customers, and there is no such threatened inquiry, proceeding, formal order
 or audit.

(e) No breach,
 security incident, ransomware attack, denial of service attack or violation of any data security
 policy in relation to any personal data held by any of the Target Companies has occurred
 or is threatened, and no circumstance has arisen in which applicable data protection Law
 would require any of the Target Companies to notify a Governmental Authority or any other
 Person of a data security breach, security incident or violation of any data security policy.
 None of the Target Companies nor any third party acting at the direction or authorization
 of such Target Company has paid (i) any perpetrator of any data breach incident or cyber-attack
 or (ii) any third party with actual or alleged information about a data breach incident
 or cyber-attack, pursuant to a request for payment from or on behalf of such perpetrator
 or other third party.

**7.** **Licenses; Regulatory Matters** 

(a) Each
 Target Company possesses all Licenses that are required in order for the Target Companies
 to conduct the Target Companies' business as currently conducted. All of these Licenses
 are valid and in full force and effect and no License will expire before the third anniversary
 of the date thereof.

(b) The Licenses do not unexpectedly or otherwise
 unduly restrict the business or operations of the Target Companies.

(c) Each
 Target Company has complied with, is in compliance with, and has at all times operated the Target Companies' business and maintained its assets in compliance with, all terms
 and requirements of each of these Licenses and all Laws.

(d) Neither the execution of this Agreement, nor
 the consummation of the transactions contemplated hereby, will cause any termination, revocation,
 non-renewal, suspension or modification of any License.

(e) No Target Company has received any notification
 from any Governmental Authority or other Person alleging any violation of any License by
 such Target Company. No event has occurred or circumstance exists that (with or without notice
 or lapse of time) may contravene, conflict with or result in a violation or breach of, or
 give any Person the right to cancel, terminate, revoke or modify any of these Licenses. There
 are no proceedings pending or threatened against a Target Company to cancel, terminate, revoke
 or modify any License.

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**8.** **Real Property** 

(a) No Target Company owns any real property.

(b) The
 Disclosure Letter contains a complete and accurate list and summary description of (i) all
 real property leased by each of the Target Companies and (ii) all real property leased
 by any or all of the Sellers and used in connection with the Target Companies' business
 (the **Real Property Leases**).

(c) The Real Property Leases are not subject to
 any undisclosed amendments, side agreements, or oral arrangements.

(d) No Target Company is in default of its lease
 obligations to the respective landlord.

(e) No party to any Real Property Lease has given
 written notice of termination or made a claim or given notice with respect to any material
 breach or material default under such lease, and all such written leases are valid, binding
 and in full force and effect.

(f) All options
 in favor of the Target Companies to extend the terms of the leases or to purchase the real
 property, if any, are valid, binding and in full force and effect. The Real Property Leases
 constitute all real property and improvements leased by a Target Company.

**9.** **Major Customers and Major Suppliers** 

(a) The
 Disclosure Letter sets forth the ten largest suppliers (by spend) and the ten largest customers
 (by recurring revenue) for the years ended December 31, 2024 and December 31, 2025.

(b) No
 customer having purchased USD 50,000 (US Dollars fifty-thousand) or more of goods
 or services from the Target Companies and no supplier from whom the Target Companies
 have purchased USD 50,000 (US Dollars fifty-thousand) or more of goods or services,
 in each case, during any of the years ended December 31, 2024 or December 31, 2025,
 has indicated that such Person intends to terminate its business relationship with the Target
 Companies (where it has not already ended) or that it intends to limit or alter its relationship
 with the Target Companies in any material respect (including with respect to pricing, volume
 or other terms of purchase). None of the Sellers has knowledge of any past or present fact,
 situation, circumstance, status, condition, occurrence, event or transaction that could reasonably
 be anticipated to cause or result in the termination, limitation or alteration of the relationship
 between any such customer or supplier and the Target Companies. No officer, director or manager
 of a Target Company has any ownership interest in any competitor, supplier, or customer of
 a Target Company (other than ownership of securities of a publicly-held corporation of which
 such Person owns, or has real or contingent rights to own, less than one percent (1%)
 of any class of outstanding securities) or any property used in the operation of the Target
 Companies' business. No Target Company has granted any "most favored nation" or
 similar pricing or terms commitments to any customer or supplier, except as set forth in
 the Disclosure Letter.

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(c) Neither
 the Target Companies, none of the Sellers nor any of their respective current or former Representatives
 has, directly or indirectly (i) engaged in any fraud or other scheme to deceive any
 customer or vendor of a Target Company or any other Person with whom a Target Company does
 business; or (ii) made any bribe, kickback or other unrecorded payment to any Person
 seeking to influence any action or inaction by such Person, or to obtain favorable treatment
 in securing business or other special concessions from such Person or the business or government
 that such Person represents or that employs such Person, or to obtain any illegal payments
 or other consideration from such Person or the business or government that such Person represents
 or that employs such Person. Without limiting the generality of the foregoing, no Target
 Company has directly or indirectly made or agreed to make (whether or not such payment is
 lawful) any payment to obtain, or with respect to, sales other than usual and regular compensation
 to its employees and sales representatives with respect to such sales.

**10.** **Employment** 

(a) No employee
 of any Target Company has a notice period longer than three (3) months, nor is
 there any termination compensation payable for termination on due notice that would exceed
 the equivalent of three (3) months' salary. All employment agreements are entered
 into on terms and conditions substantially in accordance with those described in the Disclosure
 Letter or the employment agreements attached thereto. There are no material salary increases
 resolved but not yet implemented. There are no employment or benefit agreements, plans or
 arrangements entitling the employee to severance or other payments upon a change of control
 of the Target or any Target Company. There are no outstanding loans between a Target Company
 and any of its employees.

(b) As of
 the date hereof, none of the Key Persons has given notice to terminate his or her employment
 agreement, nor has notice to terminate been given by any of the Target Companies. No amendment
 to the terms and conditions on which such Key Persons have been engaged (including remuneration
 and ancillary fringe benefits) has been made since December 31, 2025. No Key Person
 of the Target Companies intends to terminate employment with the Target Companies prior to,
 at or following the Closing.

(c) The Target
 Companies have fully complied with all obligations arising out of collective bargaining agreements,
 in particular any social plans (*Sozialpläne*). There have not been any disputes
 with, nor are threatened any disputes with any Governmental Authority, any works council
 or other employee representatives. There have not been, nor are threatened any strikes, work
 stoppages or similar disputes between any of the Target Companies or the Sellers and
 any of the employees in connection with their employment in the Target Companies. No mass
 dismissals, in particular those which would give rise to any notification to public, governmental
 or self-regulatory authorities, have been announced since December 31, 2025 or
 are being planned.

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(d) The Disclosure
 Letter contains true and accurate information on the senior executive officers and managers
 of the Target Companies and their respective annual salaries, bonuses and other compensation,
 including, but not limited to, directors' fees, and any bonus, incentive or other payments
 payable to such persons by the Sellers or any of the Target Companies.

(e) Each
 of the Target Companies complies and has at all times complied with all applicable Laws and
 all applicable orders, all contractual obligations and employment practices, including terms
 and conditions of employment, wages and hours, vacation entitlements, pension benefits, sick
 pay, rightful dismissal requirements, employee representation body consultation requirements,
 equal and fair employment and nondiscrimination, immigration status, employee safety and
 health/work environment in all material respects. Without limiting the generality of the
 foregoing, no unresolved claim has been received by any of the Target Companies, and no action,
 suit, investigation or proceeding is pending against any of the Target Companies before any
 Governmental Authority, involving or alleging that such Target Company has violated or not
 complied with any such applicable Law or applicable order, contractual obligation, and no
 such prior claim or action, suit, investigation or proceeding has been resolved by the concluding,
 accepting or receiving a settlement agreement, a consent decree or a citation by a Governmental
 Authority.

(f) Each
 of the Target Companies has at all times satisfied all requirements and preconditions applicable
 to any subsidies, government aids and public grants (including but not limited to any COVID
 19-aids) and there is no investigation or proceeding against any of the Target Companies
 or any circumstances known implicating that any such subsidy, government aid or public grant
 may be revoked or subject to repayment by any Target Company, or implicating that any employee
 of any of the Target Companies may bring a compensation claim as a consequence of the implementation
 by such Target Company of any furlough scheme associated with a subsidy, government aid or
 public grant.

(g) None
 of the Target Companies has any outstanding liabilities to any present or former employees
 other than: (i) arrears of remuneration accrued or due in respect of the current pay
 period; (ii) arrears of holiday pay; or (iii) for reimbursement of business expenses.

(h) Except
 as disclosed in the Disclosure Letter, none of the Target Companies engages any self-employed
 consultants or third-party staff to perform services in its business and has not done so
 for the last three years. There are no self-employed persons that are being or should have
 been treated for Tax purposes or under applicable Law as employees of a Target Company.

(i) No (current or former) employee of any of
 the Target Companies is in a position to (i) claim a right of ownership or disposal,
 a right to compensation or otherwise challenge such Target Company's full and unlimited ownership
 right in respect of any Intellectual Property Rights in the development of which the (current
 or former) employee of such Target Company was or is involved; or (ii) challenge such
 Target Company's unlimited right to commercialize any such Intellectual Property Rights.

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(j) To
 the Sellers' Best Knowledge, each Target Company is in compliance with all applicable
 material contractual and legal obligations relating to employees. The Company is not delinquent
 in any payments to any employee or individual independent contractor for any wages; salaries;
 commissions; bonuses; fees or other compensation due with respect to any services performed
 for it to the date hereof or amounts required to be reimbursed to such employees or individual
 independent contractors. None of the Target Companies is, or has been since January 1,
 2023, subject to pending or threatened in writing Actions with any employees, independent
 contractors, Governmental Authorities, works councils or other employee representatives (including,
 without limitation, allegations of employment discrimination; sexual harassment or retaliation,
 or any other claim capable of being heard in civil courts), or any former employee or worker
 of any Target Company or any person formerly engaged by any Target Company.

(k) Within
 the last three (3) years: (i) no employee or independent contractor has made any
 allegation of sexual harassment against any Target Company or against any employee; and (ii) no
 Target Company has entered into any settlement agreements related to allegations of sexual
 harassment made by an employee or independent contractor. To the Sellers' Best Knowledge,
 there is no, and during the last three (3) years there has been no consensual or non-consensual
 sexual relationship between: (i) any beneficial owner, officer or executive-level employee
 of any Target Company on the one hand, and any current or former employee or independent
 contractor on the other hand; or (ii) between any supervisory employee of any Target
 Company on the one hand, and any current or former employee or independent contractor within
 the same reporting structure on the other hand.

**11.** **Material Contracts** 

(a) <u>Annex 7.1(a)(ii).11</u> sets forth a complete and accurate list of all contracts, commitments or undertakings relating
 to the Target Companies' business in effect as of the date hereof to which any Target Company
 or the Sellers are a party (the **Material Contracts**), and which:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) provide
 for an aggregate Liability of one or more of the Target Companies of more than USD 50,000;
 (US Dollars fifty thousand)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) are distribution, agency, sales representative,
 marketing, franchise or other similar agreements for the sale or distribution of Target Products;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) are
 agreements for the sale or distribution of Target Products requiring annual payments of USD 50,000 (US Dollars fifty thousand) or more;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) are
 agreements for the purchase of materials, supplies, goods, services, equipment or other assets
 requiring annual payments of USD 50,000 (US Dollars fifty thousand) or more;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) are
 a lease of real property ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) grant
 exclusive rights or exclusivity to any party thereto ;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) contain
 any provision that refers to a change of control of any Target Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) relate to cloud hosting or other infrastructure
 services;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) govern the Target Companies' use of any
 third party APIs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) provide for distribution, integration
 or co offering of products or services (including agency, reseller, referral or channel agreements);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) require customers to deviate from standard
 terms of service;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) provide for indemnification with officers
 or directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) restrict
 any of the Target Companies from engaging in or competing in any line of business or with
 any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) are
 agreements relating to, whether incurred, assumed, guaranteed or secured by any asset, Indebtedness
 for borrowed money, financial lease arrangements, or factoring or similar receivable financing
 arrangements or interest rate or currency hedging arrangements, or any counterindemnities
 in respect of letters of credit, performance bonds or similar surety arrangements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) relate
 to the acquisition or disposal by a Target Company during the previous three (3) years
 of a company, business or real property;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) constitute
 a partnership, joint-venture or similar agreement or arrangement material for the business ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) constitute
 a collective bargaining agreement or a social plan which is in effect and not fully performed,
 to the extent applicable to the Target Companies ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) constitute a Contract: (A) relating
 to material licensed Intellectual Property Rights (but excluding commercially available off-the-shelf
 licenses for Software with an annual fee of less than USD 25,000 (US Dollars twenty-five
 thousand), and open source Software licenses); (B) under which any Person (other than
 an employee of a Target Company) has developed an Intellectual Property Right for a Target
 Company that is used the business or operations of a Target Company, or (C) entered
 into to settle or resolve any intellectual property-related dispute or litigation, including
 settlement agreements, coexistence agreements, covenant not to sue agreements, and consent
 to use agreements;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) contain
 any guarantee, indemnity or similar undertaking in respect of a third party obligation in
 excess of USD 15,000 (US Dollars fifteen thousand) or the equivalent thereof
 in any other currency calculated on the date hereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) constitute
 contracts of employment with any director, officer or employee of any of the Target Companies,
 or a consultancy or agency contract, which requires annual payments in excess of USD 100,000
 (US Dollars one hundred thousand) ;

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) constitute
 contracts with, or that requires the retention of or payment to, an investment bank, broker,
 financial advisor, accountant, attorney or other advisor ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) constitute
 agreements or arrangements with any Seller or any of their respective Affiliates, or any
 director or officer of any Seller or any of their Affiliates ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) contain
 any off-balance sheet borrowing arrangement (including factoring arrangements) ; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) contain
 any preservation of title, sale and lease-back or similar arrangements concerning the assets,
 property or rights used in the Target Companies' business.

(b) All of
 the Material Contracts are in full force and effect and are valid and enforceable by the
 Target Company party thereto in accordance with their terms. The Target Companies and their
 counterparties have performed and are in compliance with all material obligations arising
 out of the Material Contracts, and no notice of termination has been received or given by
 either party. None of the Sellers nor any Target Company has received a notification from
 any party to any of the Material Contracts alleging any violation of any Material Contract
 or Law by a Target Company. To the Sellers' Best Knowledge, no event has occurred or circumstance
 exists that (with or without notice or lapse of time) may contravene, conflict with or result
 in a violation or breach of, or give a Target Company or any other Person the right to declare
 a default or exercise any remedy under, or to accelerate the maturity or performance of,
 or to cancel, terminate or modify, any Material Contract. There are no renegotiations, attempts
 to renegotiate or outstanding rights to negotiate any amount to be paid or payable to or
 by a Target Company under any Material Contract, and no Person has made any demand for renegotiation
 of any Material Contract. No Target Company has released or waived any of its rights under
 any Material Contract. The Sellers have provided to the Buyer a true, correct and complete
 copy of each Material Contract, together with all amendments, waivers and other changes thereto.

**12.** **Insurance** 

(a) The Disclosure
 Letter sets forth a complete and correct list of all insurance policies carried by, or covering,
 the Target Companies with respect to the Target Companies' assets, business, operations,
 employees, officers and directors (the **Insurance Policies**), together with, in respect
 of each such policy, the name of the insurer and the risk insured against. The Target Companies
 maintain Insurance Policies in at least such amounts and at least at such risks and for such
 assets as are usually insured by comparable companies engaged in the same or similar business.

(b) All
 Insurance Policies are in full force and effect, all outstanding premiums with respect
 to the Insurance Policies have been paid in full, and there are no pending claims under the
 Insurance Policies and there have been no claims made by the Company within the past three
 (3) years that have been questioned, disputed or for which coverage has been denied.
 The Target Companies have complied with the terms and provisions of the Insurance Policies,
 and no Target Company has failed to give any notice or present any claim under any Insurance
 Policy in a timely fashion or as required by any Insurance Policy. No Target Company has
 any self-insurance programs or other arrangements.

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(c) As of the date of this Agreement, no written,
 or to the Sellers' Best Knowledge, other notice of cancellation, termination or revocation
 or other notice of premium increase, material alteration of coverage, or that any such Insurance
 Policies are no longer in full force or effect or that the issuer of any such Insurance Policies
 is not willing or able to perform its obligations thereunder has been received by any of
 the Target Companies with respect to any such Insurance Policies.

**13.** **Litigation** 

(a) As
 of the date of this Agreement and during the last three (3) years, there are no and
 have not been any Actions (including Actions seeking injunctive relief) pending before
 any court or arbitrator or any other Governmental Authority, or threatened against any Target
 Company or in which any Target Company is otherwise involved or otherwise relating to the
 business, assets or properties, and no facts or circumstances exist that could reasonably
 be expected to result in any such Action.

(b) Except for ordinary and routine customer debt
 collection proceedings, none of the Target Companies has within the past five (5) years
 either been a plaintiff, a defendant or otherwise a named party in any Action before any
 court or arbitrator or any other Governmental Authority.

(c) There are no outstanding settlement agreements
 or similar written agreements with any Governmental Authority or other Person and no outstanding
 orders issued by any Governmental Authority against any Target Company.

(d) There is no Action pending against, or threatened
 against or affecting, any Seller before any court or arbitrator or any other Governmental
 Authority which in any manner challenges or seeks to prevent, enjoin, alter or materially
 delay the transactions contemplated by this Agreement.

**14.** **Absence of Certain Changes or Events** 

(a) Since
 the Most Recent Fiscal Year End, save as set forth otherwise in the Disclosure Letter, (i) the Target Companies' business has been carried on in the ordinary course of business
 consistent with past practice and at arm's length, and (ii) until the date hereof, no
 Material Adverse Effect has occurred and no event has occurred which could reasonably be
 expected to result in a Material Adverse Effect, and neither the Sellers with respect to
 the Target Companies' business nor any of the Target Companies have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) amended
 their respective articles of association, by-laws or similar constitutive documents; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) acquired,
 or agreed to acquire, by merger, consolidation, purchase of stock or assets or otherwise
 any business or companies (be it a corporation, partnership, association or other business
 organization); or

112/125

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) altered
 their respective outstanding capital stock or equity securities or declared, set aside, made
 or paid any dividend in respect of its capital stock or equity securities (in cash or otherwise)
 or purchased or redeemed any of its capital stock or other equity securities; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) issued
 or sold, or agreed to issue or sell, to any Person other than any Target Company, any of
 their respective capital stock or other equity interest or any options, warrants or other
 rights to purchase any such shares or other equity interest or any securities convertible
 into or exchangeable for such shares or equity interests or purchased, or agreed to purchase,
 any such securities of any Person other than any Target Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) made
 or agreed to make any individual capital expenditure in excess of USD 50,000 (US Dollars fifty
 thousand) and made or agreed to make aggregate capital expenditures in excess of USD 100,000
 (US Dollars hundred thousand); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) reorganized,
 dissolved or entered into any plan of liquidation or dissolution or similar proceeding; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) sold,
 transferred, leased or pledged any assets, tangible or intangible with an individual value
 in excess of USD 10,000 (US Dollars ten thousand) and for an aggregate value in
 excess of USD 50,000 (US Dollars fifty thousand), except in the ordinary course
 of business; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) entered
 into any individual transaction or commitment made or any contract or agreement entered into
 by any of the Target Companies involving USD 50,000 (US Dollars fifty thousand)
 or more, or any series of related transactions or commitments made or contracts or agreements
 entered into involving, in the aggregate, USD 100,000 (US Dollars hundred thousand)
 or more; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) made or taken up any loan or extension
 of credit, advance or capital contributions to or investment in any Person involving USD 10,000
 (US Dollars ten thousand) or more; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) incurred,
 assumed or guaranteed any Indebtedness for borrowed money; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) made
 any accrual of Liability by any of the Target Companies to any of the Sellers or any of their
 Affiliates except in the ordinary course of business consistent with past practices; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) made
 any termination, cancellation, amendment or variation of, or any waiver or relinquishment
 of any obligation, liability, right or benefit under, any Material Contract; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) increased
 the compensation payable to any of the Target Companies' directors, officers or employees
 other than in accordance with existing agreements or collective bargaining arrangements;
 or

113/125

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) incurred
 any damage to or destruction or loss of any asset or property of any Target Company, whether
 or not covered by insurance, in excess of USD 10,000 (US Dollars ten thousand);
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) made
 any change in any method of accounting or accounting, computation or reporting practice,
 including in respect of Taxes, except for any such change required by reason of a concurrent
 change in generally accepted accounting principles or Law; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) committed
 to do any of the foregoing.

(b) In addition,
 since the Most Recent Fiscal Year End, save as set forth otherwise in the Disclosure Letter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Target's accounts receivable have
 arisen and accrued and have been collected in the ordinary course of business consistent
 with past practices;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Target's accounts payable have accrued
 and have been paid in the ordinary course of business consistent with past practices.

**15.** **Fair Disclosure** 

All information disclosed by the Sellers to the Buyer is true and not misleading and provides a fair and accurate picture of the business and financial situation of the Target Companies individually and on a consolidated level.

**16.** **Compliance** 

(a) The Target Companies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) have complied in the past six (6) years
 before the date hereof and are in compliance in all material respects with the Laws and Orders
 applicable to them, and no Action has been filed or commenced or threatened in writing alleging
 any failure to so comply; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) have
 obtained all material Permits required under applicable Law to operate their business as
 currently conducted and all such Permits are in full force and effect.

(b) No investigations, enquiries or proceedings
 are pending or have been threatened in writing which could result in the suspension or revocation
 of any Permits necessary to operate the Target Companies' business as currently conducted.

(c) In the past six (6) years before the
 date hereof, the Target Companies (including any of their directors, officers or employees,
 or to the Sellers' Best Knowledge, any contractors) have not(x) made, offered or authorized
 use of any corporate funds or provided anything of value (i) for unlawful payments,
 contributions, gifts, entertainment or other unlawful expenses relating to political activity,
 (ii) to foreign or domestic government officials or employees of third parties or other
 Persons in violation of anti-corruption or anti-bribery Laws applicable to the Target Companies,
 or (iii) for a bribe, rebate, payoff, influence payment, kickback or other similar payment
 in violation of any Law applicable to the Target Companies or (y) otherwise taken any
 act that would cause a Target Company to be in violation of Anti-Corruption Laws. No Target
 Company has received any written, or to the Sellers' Best Knowledge, oral communication during
 the past six (6) years, from any Governmental Authority that alleges that any Target
 Company is not or may not be in compliance with, or has, or may have, any liability under
 Anti-Corruption Laws.

114/125

(d) The Target Companies are, and to the Sellers'
 Best Knowledge, their directors, officers, managers, and employees and agents acting on their
 behalf, and during the last six (6) years, have been in compliance in all material respects
 with applicable U.S. and foreign economic sanctions Laws, including economic sanctions administered
 by OFAC, and all applicable Laws pertaining to export and import controls, including those
 administered by the U.S. Departments of Commerce and State. No Target Company is nor, to
 the Sellers' Best Knowledge, is any director, officer, manager, or employee of any Target
 Company or any agent acting on their behalf, the target of Sanctions, including any Sanctions
 administered by OFAC or the United States State Departments of Commerce and State. To the
 Sellers' Best Knowledge, no Target Company conducts any business or has for the past six
 (6) years conducted any business with any Person that is the target of Sanctions as
 of the date of this Agreement, including any Person that appears on any Sanctioned Party
 List.

(e) The Target Companies have obtained all required
 export and import licenses and authorizations and are in compliance with the terms thereof;
 there are no pending or, to the Sellers' Best Knowledge, threatened claims related
 to export controls or sanctions, and no actions or circumstances reasonably expected to give
 rise to future claims. Internal controls, policies and procedures are established and maintained
 to ensure compliance with export controls and Sanctions.

(f) No Target Company, nor, to the Sellers' Best
 Knowledge, any directors, officers, employees, or agents acting on their behalf, or any Person
 controlling any of the foregoing, is (i) identified on any Sanctioned Party List or
 (ii) located, organized under the Laws of, or resident in a country or territory that
 is itself the subject of U.S. or foreign economic sanctions.

(g) The operations
 of the Target Companies are and have been conducted at all times during the past six (6) years
 in compliance with and without written notice of violation of any and all applicable financial
 recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended
 by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required
 to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), and the applicable anti-money
 laundering statutes of jurisdictions where the Target Companies conduct business, the rules and
 regulations thereunder and any related or similar rules, regulations or guidelines, issued,
 administered or enforced by any Governmental Authority.

(h) To the
 Sellers' Best Knowledge, there are no pending or threatened legal, regulatory, or judicial
 requirements or other Orders by any Governmental Authority that could have a material effect
 on the ability or cost to the Target Companies to export, import or sell any items to, from,
 or in any country.

115/125

(i) The Target Companies have not been and are
 not bound by (and are not concerned in) any non-competition undertakings or any agreement,
 arrangement or concerted practice nor are they carrying on any practice, which in whole or
 in part may contravene or may be invalidated by any anti-trust, fair trading, dumping, state
 aid, consumer protection or similar Laws in any jurisdiction. In particular and without prejudice
 to the generality of the foregoing, the Target Companies have not been and are not bound
 by any agreement, arrangement or concerted practice, nor are they carrying on any practice
 which in whole or in part may contravene Section 81(1) or 82 of the EC Treaty or
 any domestic equivalent, or which otherwise infringes the competition Laws or practice of
 any jurisdiction, or in respect of which any filing, registration or notification may be
 required pursuant to the Laws referred above. There are no pending or threatened proceedings
 or investigations regarding unfair competition practices of the Target Companies. None of
 the Target Companies has received any process, notice or other communication (formal or informal)
 by or on behalf of any Governmental Authority having jurisdiction in competition matters
 in relation to (i) any agreements, arrangement, concerted practice or course of conduct
 to which any Target Company is, or is alleged to be, a party; or (ii) any action, conduct,
 practice or behavior of any Target Company; or (iii) any other discharge of that Governmental
 Authority's regulatory functions, other than any such process, notice or other communication
 received from any such Governmental Authority in connection with an application, a notification
 or any other form of submission seeking merger clearance under applicable Laws in any relevant
 jurisdiction.

**17.** **No Subsidies** 

No Target Company has received any subsidies, aid or relief from any Governmental Authority or organization (including but not limited to Tax relief), which will be or may have to be repaid due to the execution or the consummation of the transactions contemplated by this Agreement or otherwise.

**18.** **Environment, Health and Safety** 

(a) Each Target Company has complied and is in
 compliance, in each case in all material respects, with all Environmental, Health, and Safety
 Requirements applicable to its business, assets and properties.

(b) No Target Company has received any written
 notice, claim, complaint, citation, order, demand, report or other written communication
 regarding any actual or alleged violation of any Environmental, Health, and Safety Requirement,
 or regarding any liabilities or potential liabilities (whether accrued, absolute, contingent,
 unliquidated or otherwise), including any investigatory, remedial or corrective obligations,
 relating to any Target Company, its current or former facilities or any real property currently
 or formerly owned, leased or operated by any Target Company, arising under any Environmental,
 Health, and Safety Requirement.

116/125

(c) There are no hazardous materials present on
 or in the environment at any properties owned, operated or otherwise used by any of the Target
 Companies or at any geologically or hydrologically adjoining property, either temporary or
 permanent, and deposited or located in any part of the properties or such adjoining property.
 No Target Company or any other Person for whose conduct they are or may be held responsible,
 has permitted or conducted any hazardous activity conducted with respect to the properties
 in which any Target Company has or had an interest.

(d) There
 are no contaminated sites (*Altlasten*) at any property owned, leased, operated or otherwise
 used by the Target that could give rise to Liability of the Target.

(e) No
 activities of the Target, no property, no assets and no facilities used or owned by
 the Target are or have been the source of any pollution or damage to human health or the
 environment.

(f) No
 dangerous or toxic wastes or substances are or have been used, produced, generated, stored
 or treated on land currently owned, used or leased, or which has been owned, used or leased
 in the past, by the Target, and no Target Company has shipped or caused the shipment
 of any dangerous or toxic wastes or substances nor disposed or caused the disposal of wastes
 on sites other than those specifically designed for their storage, treatment or destruction
 and other than in compliance with applicable Laws.

(g) There
 are no prohibitions, injunctions, restrictions or limitations on the free use or disposal
 by the Target of any of its movable assets, real property arising from their environmental
 condition, and there are no facts or circumstances which may provide a basis for any such
 prohibition, injunction, restriction or limitation.

(h) The Target Companies are not and will not
 be liable for any clean-up, remediation or other response action regarding soil or ground-water
 or any real property, buildings or premises currently or previously owned, operated or possessed
 by any Target Company with respect to any activities that have taken place prior to the Closing,
 and the Target Companies do not have, nor will they have in the future, any other Liability
 related to the environment, including without limitation, related to compensation of Environmental
 Damage, to property of third parties or to the health of private individuals with respect
 to any activities that have taken place prior to the Closing.

(i) The
 Sellers have furnished to the Buyer all environmental audit reports and other material environmental
 documents relating to the land, premises or facilities that have been or are used, operated
 or owned by the Target, or relating to the operations or products of the Target which
 are in their possession or under their reasonable control.

**19.** **Products** 

(a) The
 Target Products performed, sold or distributed by the Target Companies have, at all times
 up to and including the performance, sale and distribution thereof, complied with all material
 requirements of applicable Laws, including in relation to information and marketing,
 and with all material warranties and all material promises or affirmations of fact made in
 or otherwise in connection with their performance, sale and/or distribution.

117/125

(b) Except
 as disclosed in the Disclosure Letter, there are no unresolved complaints alleging that Target
 Products performed, sold or distributed by the Target Companies do not meet the requirements
 of applicable Laws, suffer from design defects or do not conform with any sales warranties
 or any promises or affirmations of fact made in product brochures or manuals or otherwise
 in connection with their sale and distribution. Adequate reserves have been made in the Financial
 Statements to cover in full the potential liabilities and costs and expenses that are reasonably
 expected to result from such unresolved complaints.

**20.** **Product Liability** 

(a) There are no actions commenced, brought, conducted,
 pending, heard by or before any court or other Governmental Authority or any arbitrator or
 arbitration panel or threatened, notice of violation or investigation or other notice from,
 by or before any Governmental Authority relating to or involving any Target Product.

(b) There
 has not been, nor is there under consideration by any Target Company, any product recall
 or post-sale warning of a material nature conducted by or on behalf of any Target Company
 concerning any Target Product. All Target Products materially complied and comply with applicable
 Laws, and there have not been and there are no material defects or deficiencies in any such
 products. During the six (6)-year period prior to the date hereof, each of the Target Products
 have been in conformity in all material respects with the specifications for such product,
 all applicable contractual commitments and all applicable express and implied warranties.
 No Target Products is subject to any guaranty, warranty or other indemnity beyond the applicable
 standard terms and conditions of sale, license or lease or beyond that implied or imposed
 by applicable Law. The standard terms or end user license agreement for each of the Target
 Products as in effect on the date hereof have been disclosed in the Disclosure Letter.
 All Target Products sold to any third party during the six (6)-year period prior to the date
 hereof were performed in conformity in all material respects with the terms and requirements
 of all applicable express and implied warranties and all applicable services agreements.

**21.** **Social Security, Pensions and Benefit Plans** 

(a) Particulars
 of all plans, agreements or arrangements for the payment of pensions, allowances, lump sums
 or other benefits on retirement or death or during periods of sickness or disablement for
 the benefit of any current or former director, officer or employee of any of the Target Companies
 or any of their dependents (the **Employee Benefit Plans**) are disclosed in the
 Disclosure Letter and, save in respect thereof, the Target Companies have no obligation to
 provide or contribute to the provision of any retirement, death, sickness, disability or
 other benefit (plan) for or in respect of any of the current or former directors, officers
 or employees of the Target Companies or any of their dependents nor has any proposal been
 announced or agreement been reached to establish or contribute to any arrangement providing
 any such benefits. Each Employee Benefit Plan has been established and administered in accordance
 with its terms and in compliance with applicable Laws.

118/125

(b) All
 social security, Employee Benefit Plan and similar contributions and payments due and payable
 by the Target Companies in favor of their directors, officers, employees and any of their
 dependents under applicable Law or the terms of any Employee Benefit Plan in respect of any
 period prior to (and including) the Closing Date have been fully paid or duly provided for
 in the Financial Statements. None of the Employee Benefit Plans has any accumulated
 funding deficiency.

**22.** **Books and Records; Bank Accounts** 

(a) The share ledgers and other shareholder records
 for each of the Target Companies are complete and correct and have been maintained in accordance
 with good business practices and the applicable Laws since formation. At the Closing, all
 of those books and records will be in the possession of the Company.

(b) All files, systems, data, books and records
 of the Target Companies relating to procurement, supply, manufacture, processing, sales,
 customers, invoices, inventories, personnel and Material Contracts are complete and accurate
 and have been maintained in accordance with good business practices and the applicable Laws
 and, at the Closing, will be in the possession of the Company.

(c) The Disclosure Letter contains a true and
 correct list of the names of each bank or other financial institution, in which any of the
 Target Companies has an account, and the names of all persons authorized to draw thereon
 or to have access thereto.

119/125

Annex 7.1(A) – Disclosure Letter

**[***separate document***]**

120/125

Annex 7.1(a)(i).2(b) – Organizational Documents of each of the Target Companies

**[***separate documents***]**

The Sellers hereby confirm that the documents attached hereto remain current and have not been altered or amended in any way since their issuance.

121/125

Annex 7.1(a)(ii).2(l) – Tax Rulings of Target Companies

**[***separate documents***]**

122/125

Annex 7.1(a)(ii).5(b) – Surviving Related Agreements

(a) Employment Agreements between FC, MD and MG,
 respectively, and the Company;

(b) Purchase Agreement between the Subsidiary
 and PE regarding the sale and purchase of the vehicle formerly owned by the Subsidiary;

(c) Unwritten domiciliation agreements between
 the Company and FC as well as between the Subsidiary and PE regarding domiciliation of the
 Company and the Subsidiary, respectively.

123/125

Annex 7.1(a)(ii).11 – Material Contracts

**[***separate document***]**

124/125

Annex 7.2 – Representations of the Buyer

(a) The Buyer is a corporation duly incorporated
 and organized and validly existing under the Laws of its place of incorporation, and has
 the full corporate capacity, power and authority to own or use its assets and properties
 and to conduct its business as the same is presently being conducted.

(b) The Buyer has the full power and authority
 to enter into this Agreement and any transactions contemplated hereunder and to perform its
 respective obligations. This Agreement constitutes the legal, valid and binding obligation
 of the Buyer, enforceable against the Buyer in accordance with its terms, except to the extent
 that the enforceability may be limited by applicable bankruptcy, reorganization, insolvency,
 moratorium or other Laws affecting the enforcement of creditors' rights generally. There
 exist no limitations under applicable Law, the constituting or governing documents of the
 Buyer or any contracts by which the Buyer is bound that would prevent the Buyer from entering
 into or performing its obligations under this Agreement.

(c) No authorizations, permits or consents are
 required from any Governmental Authority or any third party for the execution and the consummation
 of the transactions contemplated by this Agreement.

(d) There are no Actions pending or threatened
 against the Buyer or any of its Affiliates challenging the validity of this Agreement or
 any transaction contemplated in this Agreement, or which would operate to hinder or substantially
 impair the consummation of the transactions contemplated by this Agreement.

125/125

## Exhibit 99.1

**Exhibit 99.1**

![](image_009.jpg)

**908 Devices Reports First Quarter 2026 Financial Results and Raises 2026 Revenue Outlook**

*Revenue increased 14% compared to prior year, growth in both Mass Spec and FTIR*

*Acquired NIRLAB AG, expanding narcotics identification capabilities*

**BURLINGTON, Mass.** – May 6, 2026 – 908 Devices Inc. (Nasdaq: MASS), a core small-cap growth company focused on purpose-built handheld chemical analysis tools for vital health, safety and defense tech applications, today reported financial results for the quarter ended March 31, 2026.

"We delivered a strong start to 2026, achieving 14% revenue growth and meaningful margin expansion," said Kevin J. Knopp, CEO and Co-founder. "We are also excited to announce the acquisition of NIRLAB AG, a strategic transaction that broadens our reach into the lower-cost, widely-deployable segment of the narcotics detection market while increasing our recurring revenue opportunity through software subscriptions. This transaction reflects our focus on disciplined growth investments as we continue to execute our transformation strategy."

**Recent Highlights**

· Revenue of $13.4 million for the
 first quarter of 2026, increasing 14% year over year

· Recurring
 revenue was $4.0 million, representing 30% of total revenues for the quarter

· Gross margin was 51% and Adjusted
 gross margin was 57% for the first quarter of 2026, a 290-basis point improvement in Adjusted
 gross margin compared to the first quarter of 2025

· Ended the quarter with a strong
 balance sheet, with a cash position of $111.7 million, consuming less than $1.5 million in
 the first quarter

· Subsequent
 to quarter end, acquired NIRLAB AG, bringing complementary drug detection capabilities, more
 international mix, and a high-retention recurring subscription model

**First Quarter 2026 Financial Results**

Revenue was $13.4 million for the three months ended March 31, 2026, a 14% increase over the prior year period, driven by an increase in product revenue for mass spec, from an increase in placements, and from a shift in FTIR product mix. OEM and funded partnership revenue was $0.6 million for the current and prior year period. The installed base grew 23% year-over-year to 3,903 devices, with 167 devices placed during the first quarter. Recurring revenue represented 30% of total revenues in the quarter.

Gross profit was $6.9 million for the first quarter of 2026, compared to $5.5 million for the corresponding period in the prior year. GAAP gross margin was 51% as compared to 47% for the corresponding prior year period. Adjusted gross profit was $7.7 million for the first quarter of 2026, compared to $6.4 million for the corresponding period in the prior year. Adjusted gross margin was 57%, as compared to 54% for the corresponding prior year period. The increase in adjusted gross margin percentage was primarily driven by higher product revenues, including a shift in channel mix, along with the favorable impact of consolidated facilities, offset in part by lower service gross margins.

Operating expenses were $19.8 million for the first quarter of 2026, compared to $16.6 million for the corresponding prior year period. The increase of $3.2 million includes a noncash increase of $3.9 million related to a change in the fair value of the contingent consideration liability, and a $0.7 million reduction of operating expenses related to research and development and selling, general, and administrative costs.

Net loss from continuing operations was $12.0 million for the first quarter of 2026, compared to a net loss from continuing operations of $9.8 million for the corresponding prior year period. Adjusted EBITDA was a loss of $2.5 million for the first quarter of 2026, compared to a loss of $4.6 million for the corresponding period in the prior year.

Net loss attributable to common stockholders was $12.0 million for the first quarter of 2026, compared to net income of $43.6 million for the corresponding prior year period. The income was related to the divestiture of our bioprocessing product portfolio which resulted in a gain of $56.6 million, net of transaction costs, and was also offset by a loss from discontinued operations for the first two months of the first quarter of 2025.

Cash, cash equivalents and marketable securities were $111.7 million as of March 31, 2026, with no debt outstanding.

**2026 Guidance**

908 Devices now expects full year 2026 revenues to be in the range of $67.0 million to $70.0 million, representing 19% to 25% growth compared to 2025 revenue.

**Webcast Information**

908 Devices will host a conference call to discuss the first quarter 2026 financial results before market open on Wednesday, May 6, 2026 at 8:30 am Eastern Time. A webcast of the conference call can be accessed in the Investor Relations section of 908devices.com. The webcast will be archived and available for replay for at least 90 days after the event.

**About 908 Devices**

908 Devices is revolutionizing chemical analysis with its simple handheld devices, addressing life-altering applications. The Company's devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers in vital health, safety and defense tech applications, addressing the fentanyl and illicit drug crisis, toxic carcinogen exposure, and global security threats. The Company designs and manufactures innovative products that bring together the power of complementary analytical technologies, software automation, and machine learning. For more information, visit www.908devices.com.

**Non-GAAP Measures of Financial Performance**

To supplement the Company's financial statements, which are presented on the basis of U.S. generally accepted accounting principles (GAAP), the following non-GAAP measures of financial performance are included in this release and presented with detailed reconciliations to comparable GAAP financial results in the tables below:

&nbsp;&nbsp;&nbsp;&nbsp;· Adjusted
 gross profit is defined as gross profit excluding intangible amortization, acquisition and
 integration costs, restructuring charges (including the costs of severance), and non-cash
 expenses related to stock-based compensation.

&nbsp;&nbsp;&nbsp;&nbsp;· Adjusted
 gross margin is defined as adjusted gross profit expressed as a percentage of total revenue.

&nbsp;&nbsp;&nbsp;&nbsp;· Adjusted
 EBITDA is defined as net income (loss) from continuing operations excluding other income,
 benefit for income taxes, depreciation, intangible amortization, acquisition and integration
 costs, restructuring charges (including the costs of severance), non-cash expenses related
 to stock-based compensation, and costs associated with contingent consideration related to
 the Company's acquisitions and for which the conditions for payment have not yet been
 achieved.

The Company's non-GAAP financial results presented in this earnings release exclude certain costs that management believes do not have a direct correlation to future business operations, nor do the resulting charges recorded accurately reflect the performance of ongoing operations for the period in which such charges are recorded, nor do the resulting charges recorded accurately reflect the anticipated cash flows of ongoing operations, and as such, excluding these costs allows management to understand and evaluate core operating performance and trends. However, as there are no standardized methods of calculating these non-GAAP financial measures, the Company's methods may differ from those used by other companies in its industry, and accordingly, the use of these measures may not be directly comparable to similar measures used by others, thus limiting their usefulness for purposes of comparison. Furthermore, these non-GAAP measures have certain limitations since they do not include the impact of certain expenses and cash flows that are reflected in the Company's GAAP financial results. Accordingly, when analyzing the Company's operating performance and guidance, investors should not consider non-GAAP measures in isolation or as a substitute for, or superior to, comparable financial measures prepared in accordance with GAAP. Rather, the Company believes that these non-GAAP financial measures, when viewed in addition to and not in lieu of reported GAAP financial results, provide investors with additional meaningful information to assess financial performance and trends, enable comparison of financial results between periods, and allow for greater transparency with respect to key metrics utilized internally in analyzing and operating the Company's business.

**Forward Looking Statements**

This press release includes "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements, including, without limitation, statements regarding the Company's future revenue and growth and the benefits of the Company's acquisition of NIRLAB. Words such as "may," "will," "expect," "plan," "anticipate," "estimate," "intend" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on management's current expectations and involve known and unknown risks, uncertainties and assumptions which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement, including the risks outlined under "Risk Factors" and elsewhere in the Company's filings with the Securities and Exchange Commission (SEC) which are available on the SEC's website at www.sec.gov. Additional information will be made available in our annual and quarterly reports and other filings that we make from time to time with the SEC. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as may be required by law.

**<u>Investor and Media Contact:</u>**

Barbara Russo

IR@908devices.com

**908 DEVICES INC.**

**Condensed Consolidated Statements of Operations**

**(in thousands, except share and per share amounts)**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2025** |
| Revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Product revenue | $10737 | $8529 |
| &nbsp;&nbsp;Service and contract revenue | 2644 | 3248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenue | 13381 | 11777 |
| Cost of revenue: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Product cost of revenue | 5160 | 4725 |
| &nbsp;&nbsp;Service and contract cost of revenue | 1339 | 1511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total cost of revenue | 6499 | 6236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross profit | 6882 | 5541 |
| Operating expenses: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Research and development | 3471 | 3829 |
| &nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative | 9914 | 10239 |
| &nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of contingent consideration | 6381 | 2499 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 19756 | 16567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss from continuing operations | (12884) | (11026) |
| Other income, net | 929 | 1189 |
| Net loss from continuing operations | (11955) | (9837) |
| Net income from discontinued operations, net of tax |  | 53440 |
| Net income (loss) attributable to common stockholders | $(11955) | $43603 |
| Net income (loss) from continuing operations per share attributable to common stockholders, basic and diluted | $(0.32) | $(0.28) |
| Net income from discontinued operations per share attributable to common stockholders, basic and diluted | $— | $1.51 |
| Net income (loss) per share attributable to common stockholders, basic and diluted | $(0.32) | $1.23 |
| Basic and diluted | 36818481 | 35386483 |

---

**908 DEVICES INC.**

**Condensed Consolidated Balance Sheets**

**(in thousands)**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **March 31,**<br>**2026** | **December 31,**<br>**2025** |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash, cash equivalents and marketable securities | $111742 | $112970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 9865 | 11327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventory | 13240 | 12990 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 7167 | 7272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 142014 | 144559 |
| Operating lease, right-of-use assets | 4205 | 4397 |
| Property and equipment, net | 4141 | 4232 |
| Intangible, net | 35679 | 36412 |
| Other long-term assets | 656 | 471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $186695 | $190071 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $7084 | $8424 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | 9470 | 8934 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities and other liabilities | 23106 | 16706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 39660 | 34064 |
| Deferred revenue, net of current portion | 9068 | 8331 |
| Other long-term liabilities | 3796 | 3977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 52524 | 46372 |
| Total stockholders' equity | 134171 | 143699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $186695 | $190071 |

---

**908 DEVICES INC.**

**Reconciliations of GAAP to Non-GAAP Financial Measures**

**(Unaudited, amounts in thousands, except percentage and per share data)**

**In all tables below, totals may not add due to rounding**

**Reconciliation from Gross Profit (GAAP) to Adjusted Gross Profit (Non-GAAP) and Margin Percentage:**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31,** | **March 31,** |
|  | **2026** | **2025** |
| Gross Profit (GAAP) | $6881 | $5541 |
| Intangible amortization | 635 | 635 |
| &nbsp;&nbsp;Acquisition and integration costs |  | 50 |
| &nbsp;&nbsp;Restructuring |  | 66 |
| &nbsp;&nbsp;Stock-based compensation | 155 | 117 |
| &nbsp;&nbsp;Adjusted Gross Profit (Non-GAAP) | $7671 | $6409 |
| &nbsp;&nbsp;Gross Margin Percentage (GAAP) | 51% | 47% |
| Adjusted Gross Margin Percentage (Non-GAAP) | 57% | 54% |

---

**Reconciliation from Net Loss from Continuing Operations (GAAP) to Adjusted EBITDA (Non-GAAP):**

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** |
|  | **March 31,** | **March 31,** |
|  | **2026** | **2025** |
| Net Loss from continuing operation (GAAP) | $(11955) | $(9838) |
| Adjustments: |  |  |
| &nbsp;&nbsp;Other income, net | (929) | (1188) |
| &nbsp;&nbsp;Depreciation | 406 | 291 |
| &nbsp;&nbsp;Intangible amortization | 732 | 713 |
| &nbsp;&nbsp;Acquisition and integration costs | 438 | 640 |
| &nbsp;&nbsp;Restructuring |  | 93 |
| &nbsp;&nbsp;Stock-based compensation | 2399 | 2221 |
| &nbsp;&nbsp;Change in fair value of contingent consideration | 6381 | 2499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted EBITDA (Non-GAAP) | $(2528) | $(4569) |

---

## Exhibit 99.2

**Exhibit 99.2**

![](image_009.gif)

**908 Devices Acquires NIRLAB AG, Expanding Its Narcotics Detection Portfolio**

**BURLINGTON, Mass. – May 6, 2026** – <u>908 Devices Inc.</u> (Nasdaq: MASS), a pioneer of purpose-built handheld devices for chemical analysis, announces that it has completed the acquisition of <u>NIRLAB AG</u>, a privately held company based in Lausanne, Switzerland. The company delivers AI-powered, cloud-connected near-infrared (NIR) spectroscopy to perform handheld chemical analysis of narcotics in seconds.

This acquisition expands 908 Devices' analytical portfolio and strengthens its leadership in narcotics detection with NIRLAB's solution for fast, high-volume screening for everyday law enforcement patrol.

The NIRLab handheld device enables safe, point-and-click analysis of more than 400 common drugs, such as cocaine and methamphetamine, directly or through thin plastic bags and glass, delivering results in seconds, to support real-time decision-making in the field. Beyond identification, it quantifies drug purity in complex mixtures and can analyze cannabis, including percentages of THC and CBD. Proven in the field with over one million analyses, the platform integrates an intuitive mobile app, seamless device connectivity, and a subscription model that delivers continuous updates and evolving capabilities.

"We're thrilled to welcome the NIRLAB team to 908 Devices. Our combination creates a powerful end-to-end workflow advantage for our law enforcement customers," said Kevin J. Knopp, CEO and Co-founder of 908 Devices. "From fast, simple screening to trace-level analysis to detection of a broad range of substances, we offer a comprehensive solution for field-based chemical identification."

"We are excited to join 908 Devices and bring our NIR technology to a global audience," said Florentin Coppey and Matteo Delbrueck, co-CEOs of NIRLAB AG. "Combining our proven technology platform with 908 Devices' market leadership, commercial infrastructure, and complementary product portfolio creates a powerful opportunity to better serve law enforcement agencies worldwide."

NIRLAB AG was founded in 2021 as a spin-out of the University of Lausanne, a global leader in forensic science. The company is based in Switzerland and employs 15 people.

The purchase consideration includes an upfront payment of $15 million, consisting of $13 million in cash and $2 million of 908 Devices common stock. The purchase agreement also includes up to an additional $8 million in 908 Devices common stock upon the achievement of performance milestones over the next 20 months.

**Webcast Information**

908 Devices will discuss this acquisition on a conference call for its first quarter 2026 financial results before market open on Wednesday, May 6, 2026, at 8:30 am Eastern Time. A webcast of the conference call can be accessed in the Investors section of 908devices.com and will be archived and available for replay for at least 90 days after the event.

**About 908 Devices**

908 Devices is revolutionizing chemical analysis with its simple handheld devices, addressing life-altering applications. The Company's devices are used at the point-of-need to interrogate unknown and invisible materials and provide quick, actionable answers in vital health, safety and defense tech applications, addressing the fentanyl and illicit drug crisis, toxic carcinogen exposure, and global security threats. The Company designs and manufactures innovative products that bring together the power of complementary analytical technologies, software automation, and machine learning. For more information, visit <u>908devices.com</u>.

**Forward Looking Statements for 908 Devices**

This press release includes "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements, including, without limitation, statements regarding the expected uses and capabilities of the Company's products and NIRLAB's products, the benefits of the Company's acquisition of NIRLAB, and the achievement of performance milestones under the purchase agreement. Words such as "may," "will," "expect," "plan," "anticipate," "estimate," "intend" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on management's current expectations and involve known and unknown risks, uncertainties and assumptions which may cause actual results to differ materially from any results expressed or implied by any forward-looking statement, including the risks outlined under "Risk Factors" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (the SEC) on March 9, 2026 and elsewhere in the Company's filings with the SEC which are available on the SEC's website at <u>www.sec.gov</u>. Additional information will be made available in the Company's Annual Reports and Quarterly Reports and other filings that it makes from time to time with the SEC. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it cannot guarantee future results. The Company has no obligation, and does not undertake any obligation, to update or revise any forward-looking statement made in this press release to reflect changes since the date of this press release, except as may be required by law.

**Media & IR Contact**

Barbara Russo

<u>IR@908devices.com</u>

###