Document:

STOCK
PURCHASE RIGHTS

AGREEMENT

 

 

RORY
WELCH,

As
the Party Responsible for the Sale of 100%

of
the Issued and Outstanding Shares of 100% Share Interest of

WALA,
INC.

 

and

LANDSTAR,
INC.,

As
the LDSR of the Shares

 

_____________,
2019

 

    	 	 	 

    	 

    

 

STOCK
PURCHASE RIGHTS AGREEMENT

 

 

I

PARTIES

 

THIS
STOCK PURCHASE RIGHTS AGREEMENT (the “Agreement”) is entered into effective as of the ____ day of ________,
2019 (the “Effective Date”), by and between RORY WELCH, an individual residing in the State of Illinois, (the
“Welch”), as the selling shareholder of WALA, INC., a Louisiana corporation doing business under the name ARCMAIL
TECHNOLOGY (the “ArcMail”); and, LANDSTAR, INC., a Nevada corporation (the “LDSR”).
LDSR and Welch are sometimes referred to collectively herein as the “Parties”, and each individually as a “Party”.

 

II

RECITALS

 

A.
Welch is the owner of that number of shares of stock of ArcMail as reflected on Exhibit II-A, attached hereto and incorporated
herein by reference (the “Welch Shares”).

 

B.
Welch is a party to that certain Stock Purchase and Redemption Agreement dated 01 September 2014 (the “Stock Purchase
Agreement”), and a Series B Preferred Stock Purchase Agreement, under which, among other things, Welch has the right
to issue and acquire additional shares of stock of ArcMail which, when combined with the Welch Shares, currently represents 79%
of the duly authorized, validly issued, and currently outstanding shares of capital stock of ArcMail (the “Welch Share
Interest”). A copy of the Stock Purchase Agreement is attached hereto as Exhibit II-B-1; copy of the Series B Preferred
Stock Purchase Agreement is attached hereto as Exhibit II-b-2.

 

C.
Concurrent with the execution of this Agreement, (i) ArcMail and LDSR have entered into an Exclusive License And Management
Agreement (the “License Agreement”); (ii) Welch, ArcMail and LDSR have entered into a Business Covenants Agreement;
and, (iii) and related documents (collectively, the “Transaction Documents”). Capitalized terms not otherwise
defined herein shall have the respective meanings assigned to them in the License Agreement.

 

D.
Welch desires to make available for purchase hereunder by LDSR the Welch Share Interest, and LDSR desires to have the right
to acquire the Welch Share Interest from the Welch pursuant to the terms, covenants, and conditions contained herein.

 

E.
NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
agree as follows:

 

III

SALE
AND TRANSFER OF STOCK

 

3.1
Purchase Rights. As of and on the Closing, LDSR shall have the absolute right to acquire the shares constituting
and comprising the Welch Share Interest (the “Shares”) in accordance with the schedule of Section 3.2, with
each “Date of Purchase Right” referred to as a “Purchase Right”. In accordance therewith, Welch
shall sell, transfer, convey and deliver to LDSR (whether from the Welch Shares or pursuant to his rights under the Stock Purchase
Agreement), and LDSR shall acquire Shares from Welch, pursuant to this Agreement.

 

    	 	1	 

    	 

    

 

3.2
Purchase Schedule. LDSR shall have the right to acquire Shares in accordance with the following schedule:

 

	Date of Purchase Right	 	Cash Due	 	 	Cash
    Value of LDSR Shares	 	 	Percentage of

                                                                                100% Share 
 Interest Acquired
	 
	Closing	 	 	-0-	 	 	$	95,000	 	 	 	12.50	%
	 	 	 	 	 	 	 	 	 	 	 	 	 
	3-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
	 	 	 	 	 	 	 	 	 	 	 	 	 
	6-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
		 	 	 	 	 	 	 	 	 	 	 	 
	9-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
		 	 	 	 	 	 	 	 	 	 	 	 
	12-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
	 	 	 	 	 	 	 	 	 	 	 	 	 
	15-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
		 	 	 	 	 	 	 	 	 	 	 	 
	18-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	6.25	%
		 	 	 	 	 	 	 	 	 	 	 	 
	21-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	12.50	%
		 	 	 	 	 	 	 	 	 	 	 	 
	24-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	12.50	%
		 	 	 	 	 	 	 	 	 	 	 	 
	27-month anniversary of Closing	 	$	50,000	 	 	$	85,000	 	 	 	Remainder	 

 

Payment
of the above amounts shall be made in accordance with the Stock Purchase Agreement, the Series B Preferred Stock Purchase Agreement,
and any other arrangements or agreements between Welch or ArcMail and shareholders and certain creditors of ArcMail, which have
been disclosed to LDSR and not be otherwise in conflict with this Agreement.

 

3.3
Exercise of Each Purchase Right. On or before the date of each Purchase Right LDSR shall notify Welch of its intent
to exercise the respective Purchase Right. LDSR shall then have five (5) days after the Date of Purchase Right to deliver the
necessary consideration to acquire the Shares of that Purchase Right.

 

    	 	2	 

    	 

    

 

3.4
Termination of Purchase Rights. In the event that LDSR fails to timely (i) exercise any Purchase Right; or, (ii)
transfer the necessary consideration to Welch, then all remaining Purchase Rights shall terminate and this Agreement shall be
of no further force and effect. In the event that this Agreement is terminated by LDSR’s failure to exercise all Purchase
Rights, ArcMail and Welch shall each have the option to repurchase from LDSR all of the Shares that LDSR has purchased hereunder.
The option must be exercised within 30-days of the early termination of this Agreement by payment to LDSR of the same amount paid
by LDSR for the Shares.

 

3.5
Cross Default. This Agreement and the continuing right of LDSR to exercise the Purchase Rights is further conditioned
on the continued enforceability of the License Agreement. If at any time LDSR fails to tender timely payment under the License
Agreement and ArcMail rightfully terminates the License Agreement, then as of the termination of the License Agreement all remaining
Purchase Rights shall terminate and this Agreement shall be of no further force and effect.

 

3.6
Delivery of Consideration. In order to timely deliver consideration for each Purchase Right, LDSR shall, within
the time frame under Section 3.3, above, wire to Welch the cash proceeds, and have the transfer agent for LDSR confirm that the
shares of LDSR restricted common stock (the “LDSR Shares”) has been issued.

 

3.7
Valuation of LDSR Shares. For purposes of valuing the LDSR Shares, and determining the number of LDSR Shares to
be issued, under each Purchase Right, the Parties agree to use the average closing price for LDSR Shares for the ten (10) trading
days immediately preceding each respective Date of Purchase Right.

 

3.8
ArcMail Share Certificates. Within five (5) days of closing each respective Purchase Right Welch shall deliver to
LDSR an ArcMail share certificate representing the ArcMail shares acquired in the Purchase Right, duly endorsed for transfer,
and free and clear of all liens and encumbrances.

 

IV

REPRESENTATIONS
AND WARRANTIES BY WELCH

 

Welch
hereby represents and warrants to LDSR that the representations and warranties contained in this Article IV are true, correct,
and complete as of the Effective Date and will be correct and complete as of the Closing Date (as though made then and as though
the Closing Date were substituted for the Effective Date throughout this Article IV), except as otherwise expressly provided for
to contrary herein:

 

4.1
Effect of Agreement. As of the Closing, the consummation by Welch of the transactions herein contemplated, including
the execution, delivery and consummation of this Agreement and the Transaction Documents to which he is a party, will not:

 

(a)
Violate any judgment, statute, law, code, act, order, writ, rule, ordinance, regulation, governmental consent or governmental
requirement, or determination or decree of any arbitrator, court, or other governmental agency or administrative body, which now
or at any time hereafter may be applicable to and enforceable against the relevant party, work, or activity in question or any
part thereof (collectively, “Requirement of Law”) applicable to or binding upon Welch, ArcMail, or any of the
Shares;

 

(b)
Violate the terms of the Stock Purchase Agreement or any other material agreement, contract, mortgage, indenture, bond, bill,
note, or other material instrument or writing binding upon Welch, ArcMail, or any of the Shares; or

 

    	 	3	 

    	 

    

 

(c)
Result in the breach of, constitute a default under, constitute an event which with notice or lapse of time, or both, would become
a default under, or result in the creation of any lien, security interest, charge or encumbrance upon any part of the Business
under any agreement, commitment, contract (written or oral) or other instrument to which Welch or ArcMail is a party, or by which
any of the Shares are bound or affected.

 

4.2
Consents. No consents, approvals or other authorizations or notices, other than those which have been obtained and
are in full force and effect, are required by any state or federal regulatory authority or other person or entity in connection
with the execution and delivery of this Agreement by Welch.

 

4.3
Authorization. Welch has the requisite power and authority under the Stock Purchase Agreement to ensure that Welch
can deliver the Welch Share Interest if and when LDSR exercises the Purchase Rights, according the purchase schedule set forth
in this Agreement at Section 3.2.

 

4.4
Authorized and Outstanding Shares Interest. The authorized and the issued and outstanding shares of capital stock
of ArcMail is summarized on Exhibit 4.4, attached hereto and incorporated herein by reference (the “Capital Structure”).
The Capital Structure is true and correct. All of the Shares are validly issued and outstanding, fully paid and nonassessable.
None of the Shares have been issued in violation of any preemptive rights or any federal or state securities laws.

 

4.5
Title to the Shares. Except as otherwise provided for under the Stock Purchase Agreement, and the Series B Preferred
Stock Purchase Agreement, there are no outstanding subscriptions, options, warrants, calls, commitments or agreements to which
ArcMail or Welch is a party or by which it is bound relating to its authorized stock or the Shares. The Shares are owned beneficially
and of record as indicated in the Capital Structure. Welch has full right and title to the Welch Shares, free and clear of any
lien or encumbrance whatsoever, and full and unrestricted right and power to sell and deliver the Welch Shares pursuant to the
provisions of this Agreement without obtaining the consent or approval of any other person. Welch also has and full and unrestricted
right and power to sell and deliver the remainder of the Welch Share Interest pursuant to the provisions of this Agreement.

 

4.6
Title to the Shares. Welch shall deliver to LDSR all of the Shares free and clear of any lien or encumbrance whatsoever.

 

4.7
Material Defaults. Neither Welch nor ArcMail1 is in material default, or alleged to be in default, under
any material agreement, contract, lease, mortgage, commitment, instrument or obligation, and no other party to any agreement,
contract, lease, mortgage, commitment, instrument or obligation to which Welch or ArcMail is a party is in default thereunder,
which default would materially and adversely affect the rights of LDSR hereunder.

 

4.8
Investor Related Matters. With regard to its receipt of LDSR Shares hereunder, Welch hereby represents as follows:

 

(a)
Welch has been given the opportunity to obtain any information from LDSR he reasonably requested, and Welch has been furnished
all such information so requested.

 

 

1
LDSR is aware of and has reviewed, the current July 2018 Forbearance Agreement between Welch and the Noteholders, setting
for the rights of the Noteholders as derived from the Stock Purchase Agreement.

 

    	 	4	 

    	 

    

 

(b)
Welch has sufficient knowledge and experience in business and financial matters that he is capable of evaluating the risks and
merits of acquiring the LDSR Shares hereunder.

 

(c)
Welch is an “accredited investor” for purposes of Regulation D promulgated by the Securities and Exchange Commission
under the Securities Act of 1933 (the “Securities Act”).

 

(d)
Welch will acquire the LDSR Shares hereunder in the ordinary course of his business, and for his own account and not with a view
to or for distributing or reselling such LDSR Shares or any part thereof in violation of the Securities Act or any applicable
state securities law.

 

(e)
Welch understands that the LDSR Shares will be characterized as “restricted securities” under applicable federal securities
laws inasmuch as they are being acquired hereunder in a transaction not involving a public offering and that under such laws and
applicable regulations the LDSR Shares may be resold without registration under the Securities Act only in certain limited circumstances.
In this connection, Welch represents that he is familiar with Rule 144, as presently in effect, and understands the resale limitations
imposed thereby and by the Securities Act.

 

(f)
Welch understands that the LDSR Shares have not been and will not be registered under the Securities Act and have not been and
will not be registered or qualified in any state in which they are offered, and therefore Welch will not be able to resell or
otherwise transfer such LDSR Shares unless they are registered under the Securities Act and registered or qualified under applicable
state securities laws, or an exemption from such registration or qualification is available. Welch has no immediate need for liquidity
in connection with this investment, and does not anticipate that he will be required to sell such LDSR Shares in the foreseeable
future.

 

4.9
Disclosure. No representation or warranty made by Welch in this Agreement or in any writing furnished or to be furnished
pursuant to or in connection with the Transaction Documents knowingly contains or will contain any untrue statement of a material
fact, or omits or will omit to state any material fact required to make the statements herein or therein contained not misleading.
Welch has disclosed to LDSR all material information known to it related to the Shares.

 

V

REPRESENTATIONS
AND WARRANTIES BY LDSR

 

LDSR
hereby represents and warrants to Welch that the representations and warranties contained in this Article V are true, correct,
and complete as of the Effective Date and will be correct and complete as of the Closing Date (as though made then and as though
the Closing Date were substituted for the Effective Date throughout this Article V), except as otherwise expressly provided for
to contrary herein:

 

5.1
Organization. LDSR is a corporation, duly organized, validly existing, and in good standing under the laws of the
State of Nevada, with the requisite power and authority to own and use its properties and assets and to carry on its business
as currently conducted, and is not in violation or default of any of the provisions of its Certificate or Articles of Incorporation,
Bylaws, or other organizational or charter documents.

 

    	 	5	 

    	 

    

 

5.2
Execution and Performance of Agreement. LDSR has the requisite right, corporate power, authority, and capacity to
enter into, execute, deliver, perform, and carry out the terms and conditions of this Agreement and (i) each of the Transaction
Documents; and, (ii) each of the other instruments and agreements to be executed and delivered by LDSR in connection with this
Agreement, as well as all transactions contemplated hereunder. All requisite corporate proceedings have been taken and LDSR has
obtained all approvals, consents, and authorizations necessary to authorize the execution, delivery, and performance by LDSR of
this Agreement, and each of the Transaction Documents to which it is a party. This Agreement has been duly and validly executed
and delivered by LDSR and constitutes the valid, binding, and enforceable obligation of LDSR, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditor’s rights
generally and by general principles of equity (regardless of whether such enforcement is considered in a proceeding in equity
or at law.

 

5.3
Effect of Agreement. As of the Closing, the consummation by LDSR of the transactions herein contemplated, including
the execution, delivery and consummation of this Agreement and the Transaction Documents to which it is a party, will not:

 

(a)
Violate any Requirement of Law applicable to or binding upon LDSR;

 

(b)
Violate (i) the terms of the Certificate of Incorporation or Bylaws of LDSR; or, (ii) any material agreement, contract, mortgage,
indenture, bond, bill, note, or other material instrument or writing binding upon LDSR or to which LDSR is subject; or

 

(c)
Result in the breach of, constitute a default under, or constitute an event which with notice or lapse of time, or both, would
become a default under, any agreement, commitment, contract (written or oral) or other instrument to which LDSR is a party or
is otherwise bound or affected.

 

5.4
Consents. No consents, approvals or other authorizations or notices, other than those which have been obtained and
are in full force and effect, are required by any state or federal regulatory authority or other person or entity in connection
with the execution and delivery of the Transaction Documents and the performance of any obligations contemplated thereby.

 

5.5
Investigation. Prior to the Closing, LDSR will have had the opportunity to investigate the books, records and the
Financial Statements. As of the Closing, LDSR will be executing this Agreement based upon its own independent investigation and
evaluation of the Business and its prospects, and the covenants, representations and warranties of Welch set forth herein. LDSR
is expressly not relying on any oral representations made by Welch with regard to the Welch Share Interest.

 

5.6
Securities Representations. With regard to its acquisition of Shares hereunder, LDSR hereby represents as follows:

 

(a)
LDSR has been given the opportunity to obtain any information from Welch it reasonably requested, and LDSR has been furnished
all such information so requested.

 

(b)
LDSR has sufficient knowledge and experience in business and financial matters that it is capable of evaluating the risks and
merits of acquiring the Shares hereunder.

 

(c)
LDSR is an “accredited investor” for purposes of Regulation D under the Securities Act.

 

 

    	 	6	 

    	 

    

 

5.7
Financial Statements. The financial statements of LDSR dated _____________, 2018 (the “Financial Statements”),
which have been previously delivered by LDSR to ArcMail, are true, complete and accurate in all material respects, have been prepared
in accordance with generally accepted accounting principles consistently applied, and present fairly the financial position of
LSDR as of the date thereof. Except to the extent reflected and reserved against in the Financial Statements, ArcMail did not
have, as of the date of the Financial Statements, any debts, liabilities or obligations of any nature, whether accrued, absolute,
contingent or otherwise, and whether due or to become due, except for those obligations that are not required by generally accepted
accounting principles to be included in the Financial Statements.

 

5.8
Changes in Financial Condition. Since the date of the Financial Statements, there has not been:

 

(a)
Any material change in the condition (financial or otherwise) or business of LDSR, except changes in the ordinary course of business,
none of which has been materially adverse;

 

(b)
Any damage, destruction or loss (whether or not covered by insurance) materially and adversely affecting the properties, assets,
business or prospects of LDSR;

 

(c)
Any change in the accounting methods or practices followed by LDSR or any change in the depreciation or amortization policies
or rates adopted by LDSR (whether or not presently outstanding), except liabilities incurred, and obligations under agreements
entered into, in the ordinary course of business; or

 

(d)
Any sale, lease, abandonment or other disposition by LDSR, other than in the ordinary course of business, of any machinery, equipment
or other operating properties directly or indirectly related to the Business.

 

5.9
Legal Proceedings. Except as set forth in Schedule 5.9, attached hereto and incorporated herein by reference, there
is no claim, legal action, suit, arbitration, investigation or hearing, notice of claims or other legal, administrative or governmental
proceedings pending or to the best knowledge of LDSR, threatened against LDSR (or in which LDSR is plaintiff or otherwise a party
thereto), and, to the best knowledge of LDSR, there are no facts existing which might result in any such claim, action, suit,
arbitration, investigation, hearing, notice of claim or other legal, administrative or governmental proceeding that might reasonably
be expected to have a material adverse effect or that might reasonably be expected to threaten or impede the consummation of the
transactions contemplated by this Agreement. LDSR has not waived any statute of limitations or other affirmative defense with
respect to any of its liabilities. There is no continuing order, injunction, or decree of any court, arbitrator, or governmental
or administrative authority to which LDSR is a party. LDSR has not been permanently or temporarily enjoined or barred by order,
judgment or decree of any court or other tribunal or any agency or regulatory body from engaging in or continuing any conduct
or practice.

 

5.10
Assistance to Welch. LDSR hereby agrees that upon Welch satisfying all applicable securities rules and regulations
to enable his LDSR Shares to be treated as free-trading, LDSR shall render all reasonable assistance and take all action necessary
to remove all such restrictions on the LDSR Shares acquired by Welch under this Agreement.

 

    	 	7	 

    	 

    

 

VI

ADDITIONAL
OBLIGATIONS AND AGREEMENTS

 

6.1
Survival of Representations. All of the covenants, agreements, representations, and warranties made by each Party,
or pursuant hereto or in connection with the transactions contemplated hereby, shall survive the Closing for a period of three
(3) years.

 

6.2
Brokers. Each Party represents and warrants that no broker or finder has acted for it in connection with this Agreement
or the transactions contemplated hereby and that no broker or finder is entitled to any brokerage or finder’s fee or other
commission. Each Party agrees to indemnify and hold harmless the other Parties with respect to any claim for any brokerage or
finder’s fee or other commission.

 

6.3
Expenses. All costs and expenses incurred in conducting the purchase and sale described in this Agreement in the
manner prescribed by this Agreement shall be borne by the Party incurring said expense.

 

6.4
Taxes. Each Party shall bear responsibility for their own respective taxes, if any, arising out of the consummation
of the transactions contemplated herein and for the filing of all necessary tax returns and reports with respect to such taxes.

 

VII

NOTICES

 

All
notices, requests, demands and other communications required or permitted to be given hereunder shall be effected pursuant to
the provisions of Article VIII, below, as follows:

 

	If
    to LDSR:	With
    a copy to:
	 	Mr.
Keith A. Rosenbaum, Esq.
	 	SPECTRUM
LAW GROUP, APC, INC.
	 	23
    Corporate Plaza, Suite 150.
	 	Newport
    Beach, California 92660,
	 	keith@spectrumlawgroup.com
	 	 
	If
    to Welch: 	With
    a Copy to:
	 	Mr.
Michael P. Mangan, Esq.
	 	MANGAN
GINSBERG LLP, INC.
	 	80
    Maiden Lane, Suite 304.
	 	New
    York, New York 10038,
	 	mpm@mangan-ginsberg.com

 

VIII

ADDITIONAL
PROVISIONS

 

The
provisions of Article XIII of the License Agreement, inclusive, are incorporated herein by reference as if set forth in full herein.
All such provisions shall be deemed amended for consistency and to expressly apply to this Agreement.

 

    	 	8	 

    	 

    

 

IX

EXECUTION

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the Parties in Wake County, North Carolina, and shall be effective
as of and on the Effective Date. Each of the undersigned Parties hereby represents and warrants that it (i) has the requisite
power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated
hereunder; and, (ii) it is duly authorized and empowered to execute and deliver this Agreement.

 

	WELCH:	 	LDSR:
	 	 	 
	 	 	LANDSTAR,
    INC.,
	 	 	a
    Nevada corporation
	RORY WELCH	 	 	 
	 	 	 	            
	DATED:		 	BY:	
	 	 	 	NAME:
    	
	 	 	 	TITLE:	
	 	 	 	DATED:
    	 

 

    	 	9BUSINESS
COVENANTS AGREEMENT

 

 

RORY
WELCH

 

and

 

WALA,
INC.

 

and

 

LANDSTAR,
INC.

 

___________,
2019

 

    	 	 	 

     

    

 

BUSINESS
COVENANTS AGREEMENT

 

 

I

PARTIES

 

THIS
BUSINESS COVENANTS AGREEMENT (the “Agreement”) is entered into effective as of the ____ day of ________,
2019 (the “Effective Date”), by and between RORY WELCH, an individual residing in the State of Illinois (“Welch”);
WALA, INC., a Louisiana corporation doing business under the name ARCMAIL TECHNOLOGY (“ArcMail”); and, LANDSTAR,
INC., a Nevada corporation (“LDSR”). Welch, ArcMail, and LDSR are sometimes referred to collectively herein
as the “Parties”, and each individually as a “Party”.

 

II

RECITALS

 

A.
Concurrent with the execution of this Agreement, (i) ArcMail and LDSR have entered into an Exclusive License And Management
Agreement (the “License Agreement”); (ii) Welch and LDSR have entered into a Stock Purchase Rights Agreement
(the “Stock Purchase Agreement”); and, (iii) and related documents (collectively, the “Transaction
Documents”). 

 

B.
Welch (i) is the CEO of ArcMail; (ii) has material obligations under the License Agreement; (iii) has a substantial ownership
interest in ArcMail; and, (iv) will ensure that LDSR, if it chooses to do so, will acquire 100% of the issued and outstanding
shares of stock of ArcMail (the “100% Stock Interest”) under the Stock Purchase Agreement. As such, Welch is
an essential party to the Business and the transactions envisioned under the Transactions Documents, and Welch will receive significant
benefit in connection with the Transaction Documents. 

 

C.
The Parties desire that ArcMail’s goodwill is available to LDSR in promoting LDSR’s rights under the License so
that LDSR obtains the benefit of such goodwill, and LDSR’s failure to receive the benefit of the entire goodwill of ArcMail
and the Business, as anticipated by the License, would have the effect of reducing the value of the License to LDSR.

 

D.
As a condition and material and mutual inducement to the Transaction Documents, and to preserve the value and goodwill under
the License Agreement and to protect the trade secrets of the Business, the Transaction Documents contemplate, among other things,
that Welch shall enter into this Agreement and that this Agreement shall become effective at the Closing.

 

E.
Welch is entering into this Agreement in order to induce ArcMail and LDSR to enter into the Transaction Documents, pursuant
to which Welch will directly or indirectly receive a material benefit. 

 

F.
The Parties recognize and acknowledge Welch’s importance to the Business, and ArcMail and Welch both acknowledge the
importance that neither he nor ArcMail not competing with LDSR and its rights under the License Agreement.

 

G.
All Parties desire to restrict the ability of Welch and ArcMail to compete with the Business, and the Parties further agree
that all such restrictions contained herein are reasonable in light of the Transaction Documents, which LDSR would not have entered
into without the benefit of this Agreement.

 

    	 	1	 

     

    

 

H.
The Parties further recognize and acknowledge that execution of this Agreement is an integral part of the transaction envisioned
under the Transaction Documents, and intend at all times to treat it as one transaction.

 

I.
NOW, THEREFORE, in consideration of the promises and the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
agree as follows:

 

III

DEFINED
TERMS AND INTERPRETATION

 

3.1
Definitions. The following capitalized terms shall have the respective meanings specified in this Article III. Other
terms defined elsewhere herein shall have meanings so given them. Capitalized terms not otherwise defined herein shall have the
respective meanings assigned to them in the License Agreement.

 

“100%
Stock Interest” has the meaning as provided in Paragraph B of Article II, above. 

 

“Affiliates”
means, when used with respect to a specified person, another person that either directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, the specified person. For purposes of this definition, “control”
means the possession, directly or indirectly, of the power to direct, or cause the direction of, the management and affairs of
a person, whether through the ownership of voting securities, by contract or otherwise, and “controlled” and “controlling”
shall have correlative meanings.

 

“Closing”
and “Closing Date” is defined, respectively, as in the License Agreement.

 

“Covered
Customer” means any person who is or was an actual customer, client, or advertiser (or prospective customer, client,
or advertiser with whom ArcMail actively marketed or made or took specific action to make a proposal regarding the Business, at
the Closing or at any time during the three (3) years immediately preceding the Closing.

 

“Covered
Personnel” means as of the Closing Date, or within thirty (30) days prior to the Closing Date, any employee, consultant,
or independent contractor of ArcMail who continues in any such capacity with ArcMail or LDSR following the Closing.

 

“Restricted
Business” means any business, which is directly competitive with the Business.

 

“Restricted
Period” means, subject to the early termination under Section 4.8, below, that period of time commencing on the Closing
Date and continuing thereafter for a period of twenty four (24) months from the later of the (i) Closing Date; (ii) date on which
LDSR acquires the 100% Sock Interest; or, (iii) the last date on which Welch renders services to LDSR or any of its subsidiaries.

 

“Restricted
Territory” means each and every country, state, city, or other political subdivision of the world in which ArcMail’s
products or services previously have been or are as of the Closing Date marketed or sold, whether to dealers, distributors, or
ultimate end-users.

 

    	 	2	 

     

    

 

3.2
Accounting Terms and Determinations. All accounting terms used in this Agreement and not otherwise defined shall
have the meaning accorded to them in accordance with GAAP and, except as expressly provided herein, all accounting determinations
shall be made in accordance with GAAP, consistently applied. The term “GAAP” means generally accepted accounting
principles consistently applied as in effect from time to time.

 

3.3
Interpretation.

 

3.3.1.
Provision Not Construed Against Party Drafting Agreement. This Agreement is the result of negotiations by and between
the Parties; is the product of the work and efforts of all Parties; and, shall be deemed to have been drafted by all Parties.
Each Party has had the opportunity to be represented by independent legal counsel of its choice. In the event of a dispute, no
Party shall be entitled to claim that any provision should be construed against any other Party by reason of the fact that it
was drafted by one particular Party.

 

3.3.2.
Agreement Provisions, Exhibits, and Schedules. When a reference is made in this Agreement to an Article, Section,
Subsection, Exhibit, or Schedule, such reference shall be to said item of this Agreement unless otherwise indicated. The Exhibits
and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof as if set out in full herein.

 

3.3.3.
Entire Agreement. This Agreement, together with all references to the Transaction Documents, or instruments referred
to herein, contains the entire agreement and understanding of the Parties in respect to the subject matter contained herein. The
Parties have expressly not relied upon any promises, representations, warranties, agreements, covenants, or undertakings, other
than those expressly set forth or referred to herein. This Agreement supersedes (i) any and all prior written or oral agreements,
understandings, and negotiations between the Parties with respect to the subject matter contained herein; and, (ii) any course
of performance and/or usage of the trade inconsistent with any of the terms hereof.

 

3.3.4.
Severability. Each and every provision of this Agreement is severable and independent of any other term or provision
of this Agreement. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such
invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render
unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid,
illegal, or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent
of the Parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated
as originally contemplated to the greatest extent possible.

 

3.3.5.
Successors and Assigns. Except as expressly provided in this Agreement, each and all of the covenants, terms, provisions,
conditions, and agreements herein contained shall be binding upon and shall inure to the benefit of the successors and assigns
of the Parties. In the event that LDSR exercises its right under the License Agreement to assign its rights and obligations thereunder,
LDSR shall similarly have the right to assign it position hereunder to the same assignee. With the exception of the preceding
right, this Agreement is not assignable by either Party without the expressed written consent of all Parties.

 

3.3.6.
Time. All Parties agree that time is of the essence as to this Agreement.

 

    	 	3	 

     

    

 

3.3.7.
Governing Law. This Agreement shall be governed by the laws of the State of North Carolina, without giving effect
to any choice or conflict of law provision or rule (whether of the State of North Carolina, or any other jurisdiction) that would
cause the application of the laws of any jurisdiction other than the State of North Carolina. If any court action is necessary
to enforce the terms and conditions of this Agreement, the Parties hereby agree that the Wake County Superior Court (Raleigh,
North Carolina) shall be the sole jurisdiction and venue for the bringing of such action.

 

3.4
Additional Definitions and Interpretation Provisions. For purposes of this Agreement, (i) those words, names, or
terms which are specifically defined herein shall have the meaning specifically ascribed to them; (ii) wherever from the context
it appears appropriate, each term stated either in the singular or plural shall include the singular and plural; (iii) wherever
from the context it appears appropriate, the masculine, feminine, or neuter gender, shall each include the others; (iv) the words
“hereof”, “herein”, “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; (v) all references to “Dollars”
or “$” shall be construed as being United States Dollars; (vi) the term “including” is not limiting and
means “including without limitation”; and, (vii) all references to all statutes, statutory provisions, regulations,
or similar administrative provisions shall be construed as a reference to such statute, statutory provision, regulation, or similar
administrative provision as in force at the date of this Agreement and as may be subsequently amended.

 

IV

AFFIRMATIVE
AND RESTRICTIVE COVENANTS OF WELCH AND LDSR

 

In
furtherance of the transactions contemplated by the Transaction Documents and the substantial economic benefit to be conferred
upon Welch and LDSR upon consummation thereof, Welch and LDSR hereby covenant and agree as follows: 

 

4.1
Competition by Welch. Other than in connection with the collection efforts and services required of Welch under
the License Agreement, during and throughout the Restricted Period, Welch will not, and will reasonably cause Welch’s Affiliates
not to, without the prior written consent of LDSR (which may be withheld in its sole discretion), anywhere within the Restricted
Territory, directly or indirectly:

 

(a)
engage, own, manage, finance or control, or participate in the ownership, management, financing or control of, or become engaged
or serve as an officer, director, member, partner, employee, agent, consultant, advisor or representative of, or otherwise be
involved in, any business or entity that is a Restricted Business; 

 

(b)
provide any type of assistance to any person that is engaged in, or seeks to be engaged in, a Restricted Business; 

 

(c)
work for or become employed or engaged by a venture capital, private equity, debt fund, or any similar person that owns equity
or debt interests in a Restricted Business, or seeks to owns such interests in a Restricted Business; or

 

(d)
permit Welch’s name to be used, directly or indirectly, by any person engaged in, or seeking to be engaged in, a Restricted
Business.

 

    	 	4	 

     

    

 

4.2
Permitted Exceptions. Notwithstanding anything to the contrary in Section 4.1, above, Welch, and any Affiliatesof
Welch, shall not be prohibited from:

 

(a)
directly or indirectly, owning solely as a passive investment not in excess of one percent (1%) in the aggregate of any class
of capital stock of any corporation if such stock is publicly traded and listed on any national exchange or quoted on the NASDAQ
National Market, regardless of whether or not such corporation is engaging in a Restricted Business;

 

(b)
owning a passive equity interest in a diversified private or public debt or equity investment fund (including without limitation
hedge and mutual funds) in which Welch or any Affiliate of Welch does not have the ability to control or exercise any managerial
influence over such fund;

 

(c)
being employed by any government agency, college, university, or other non-profit research organization or performing speaking
engagements and receiving honoraria in connection with such engagements; or

 

(d)
engaging in any activity consented to in writing by LDSR , in its sole and absolute discretion;

 

provided
that, in all such instances, Welch continues to abide by all other provisions of this Agreement.

 

4.3
Non-Solicitation; Employees and Consultants. During and throughout the Restricted Period Welch will not, and will
cause Welch’s Affiliates not to, without the prior written consent of LDSR (which may be withheld in its sole discretion),
either on Welch’s own behalf or on behalf of any other person, directly or indirectly: 

 

(a)
hire or engage as an employee, independent contractor, consultant or otherwise any Covered Personnel;

 

(b)
solicit, induce, encourage, or otherwise cause (or attempt to do any of the foregoing) any Covered Personnel to leave the service
(whether as an employee, consultant or independent contractor) of ArcMail or LDSR; or

 

(c)
in any way interfere with or attempt to interfere with the relationship between any Covered Personnel and ArcMail or LDSR. 

 

However,
Welch will not be deemed to have violated this Section 4.3 if any Covered Personnel voluntarily and independently solicits
an offer of employment from Welch (or any other person whom Welch is acting on behalf of) by responding to a general advertisement
or solicitation program conducted by or on behalf of Welch (or such other Person whom Welch is acting on behalf of) that is not
targeted at such Covered Personnel or Covered Personnel generally, so long as such Covered Personnel is not hired.

 

4.4
Non-Solicitation; Customers and Suppliers. During and throughout the Restricted Period Welch will not, and will
cause Welch’s Affiliates not to, without the prior written consent of LDSR (which may be withheld in its sole discretion),
either on Welch’s own behalf or on behalf of any other person, directly or indirectly:

 

(a)
solicit, induce, encourage or otherwise cause (or attempt to do any of the foregoing) any Covered Customer to (i) cease being,
or not become, a client, customer or advertiser of ArcMail or LDSR; or, (ii) reduce the amount of business of such Covered Customer
with ArcMail or LDSR, or otherwise alter such business relationship in a manner adverse to ArcMail or LDSR;

 

    	 	5	 

     

    

 

(b)
interfere with or disrupt (or attempt to interfere with or disrupt) the contractual relationship between ArcMail or LDSR with
any Covered Customer;

 

(c)
divert any business with any Covered Customer from ArcMail or LDSR; 

 

(d)
solicit for business, provide services to, engage in or do business with, any Covered Customer for products or services that are
part of the Restricted Business; or

 

(e)
interfere with or disrupt (or attempt to interfere with or disrupt), any person that was a vendor, supplier, distributor, agent,
or other service provider of ArcMail or LDSR at the time of such interference or disruption, for a purpose competitive with ArcMail
or LDSR.

 

4.5
Confidentiality. At no time shall Welch, or any Affiliate of Welch, without the prior written consent of LDSR (which
may be withheld in its sole discretion), either on Welch’s own behalf or on behalf of any other person, directly or indirectly,
use, divulge, disclose, or communicate to any person, in any manner whatsoever, any confidential information concerning any matters
affecting or relating to the Business, including, though not limited to, the names, buying habits, or practices of any of its
customers; its’ marketing methods and related data; the names of any of its vendors or suppliers; recipes and formulas;
costs of materials; the prices it obtains or has obtained or at which it sells or has sold its products or services; manufacturing
and sales, costs, lists or other records used in the Business; compensation paid to employees and other terms of employment; or,
any other confidential information of, about, or concerning the Business, its manner of operation, or other confidential data
of any kind, nature, or description. The obligations set forth in this Section 4.5 will not apply to any such information otherwise
covered hereunder where Welch can prove that such material or information: (i) is known or available through other lawful sources
not bound by a confidentiality agreement with, or other confidentiality obligation, with respect to such material or information;
(ii) is or becomes publicly known through no violation of this Agreement or other non-disclosure obligation of Welch or any Affiliate
of Welch; (iii) is already in the possession of Welch at the time of disclosure through lawful sources not bound by a confidentiality
agreement or other confidentiality obligation as evidenced by Welch’s documents and records; or, (iv) is required to be
disclosed pursuant to an order of any administrative body or court of competent jurisdiction; provided that (A) LDSR is
given reasonable prior written notice; (B) Welch cooperates with any reasonable request of LDSR to seek to prevent or narrow such
disclosure; and, (C) if after compliance with clauses (A) and (B) such disclosure is still required, Welch and the Affiliates
of Welch may only disclose such portion of information or material that is expressly required by such order.

 

4.6
Mutual Non-Disparagement. At no time shall Welch or LDSR, or any their respective Affiliates, directly or indirectly
engage in any conduct that involves the making or publishing (including through electronic mail distribution or online social
media) of any written or oral statements or remarks (including the repetition or distribution of derogatory rumors, allegations,
negative reports or comments) that are disparaging, deleterious, or damaging to the integrity, reputation, or goodwill of the
Business or the management, officers, employees, independent contractors, or consultants of ArcMail, LDSR, or Welch. Notwithstanding
the foregoing, the provisions of this Section 4.6 shall not restrict Welch or ArcMail or LDSR or any other party hereto, from
providing truthful testimony or information in response to an order of any administrative body or court of competent jurisdiction,
or in connection with any legal action under this Agreement or any of the Transaction Documents.

 

4.7
Conduct of the Business. The Parties further recognize and acknowledge that LDSR will take every reasonable action
to protect and promote the value of the Business during the term of the License Agreement and will not take any actions that knowingly
or intentionally harm the Business, the Business Assets, the Good Will or any other aspect of the Business.

 

    	 	6	 

     

    

 

4.8
Early Termination. Notwithstanding any other provision herein to the contrary, the Restriction Period will immediately
and irrevocably terminate upon the repurchase of the Shares under Section 3.4 of the Stock Purchase Agreement (the “Early
Termination”). Upon such Early Termination, LDSR agrees that neither it nor any Affiliate will thereafter, for a period
of twenty-four (24) months from the Early Termination, (i) engage in the business of E-Mail archiving; (iii) solicit any Covered
Customer; or, (iii) solicit any ArcMail employees. During that same 24-month period, LDSR and its Affiliates shall hold and protect
as confidential all of ArcMail’s proprietary business information and any other confidential information. 

 

4.9
Separate Covenants. The covenants contained in this Article IV shall be construed as a series of separate covenants,
one for each county of the Restricted Territory. Except for geographic coverage, each separate covenant shall be deemed identical
to the covenant contained in this Article IV. If, in any judicial proceeding, a court of competent jurisdiction shall refuse to
enforce the separate covenants (or any part thereof) deemed included in this Article IV for any reason, including but not limited
to covering too extensive a geographic area, the Parties intend that those such covenants (taken in order of the counties within
the Territory which are the least populated) which, if eliminated, would permit the remaining separate covenants to be enforced
in such proceedings, shall, for the purpose of such proceedings, be deemed eliminated from the provisions of this Article IV.
In the event that any provisions of Article IV are deemed to exceed the time, geographic, or scope limitations permitted by applicable
law, then the Parties agree that such provisions shall be reformed to the maximum time, geographic, or scope limitations, as the
case may be, permitted by applicable law.

 

4.10
Independence of Obligations. The respective rights, covenants, and obligations of the Parties set forth in this
Article IV shall be construed as independent of any other agreement or arrangement between the Parties.

 

4.11
Injunctive Relief. The remedy at law for breach of this Article IV is and will be inadequate, and in the event of
a breach or threatened breach of this Agreement by Welch or LDSR or any of their Affiliates, the other party shall be entitled
to an injunction restraining the breaching party and any Affiliate of the breaching party from breaching or otherwise violating
any provision of this Agreement. Nothing herein contained shall be construed as prohibiting the non-breaching party from pursuing
any other remedies available to it for such breach or threatened breach, including, without limitation, the recovery of damages
from the breaching party and any Affiliate of the breaching party.

 

V

REPRESENTATIONS
AND WARRANTIES OF WELCH

 

In
addition to all other representations and warranties contained herein, Welch further represent and warrant to LDSR as follows:

 

5.1
Acknowledgment. Welch acknowledge and agree, based upon the advice of legal counsel , that: (i) Welch possesses
knowledge of confidential information of ArcMail and the Restricted Business; (ii) because of Welch’s education, experience,
and capabilities, the provisions of this Agreement will not prevent Welch from earning a livelihood; (iii) Welch’s execution
of this Agreement is a material inducement to LDSRto consummate the Transaction Documents and for LDSR to realize the goodwill
of ArcMail, for which Welch will receive a substantial direct or indirect financial benefit, and that LDSR would not have consummated
the Transaction Documents but for Welch’s agreements set forth in this Agreement; (iv) it would impair the goodwill of the
Business and cause serious and irreparable injury to LDSR if Welch were to use his ability and knowledge by engaging in the Restricted
Business in competition with the Business, ArcMail or LDSR, and/or to otherwise breach the obligations contained herein and that
LDSR would not have an adequate remedy at law because of the unique nature of the Restricted Business; (v) Welch has no intention
of engaging in the Restricted Business in the Restricted Territory during the Restricted Period; (vi) the relevant public policy
aspects of restrictive covenants, covenants not to compete, and non-solicitation provisions have been discussed, and every effort
has been made to limit the restrictions placed upon Welch to those that are reasonable and necessary to protect the legitimate
interests of LDSR; (vii) LDSR intends to conduct the Restricted Business everywhere in the Restricted Territory where legally
permitted under applicable laws and compete with other businesses that are or could be located in any part of the Restricted Territory
where legally permitted under applicable laws; (viii) the foregoing restrictions on competition are fair and reasonable in type
of prohibited activity, geographic area covered, scope and duration; (x) the consideration provided to Welch under this Agreement
and the Transaction Documents is not illusory; and, (x) such provisions do not impose a greater restraint than is necessary to
protect the goodwill or other business interests of LDSR.

 

    	 	7	 

     

    

 

5.2
Independent Legal Counsel. Welch agrees that in executing this Agreement Welch does so with full knowledge of the
rights it may have with respect to the other Parties, and that Welch has received, or has had the opportunity to receive, independent
legal advice as to these rights. Welch has voluntarily executed this Agreement with full knowledge of these rights.

 

5.3
Power and Authority. Welch has full power and capacity to execute and deliver, and to perform all of Welch’s
obligations under, this Agreement. Further, neither the execution and delivery of this Agreement nor the performance of Welch’s
obligations hereunder will result directly or indirectly in a violation or breach of any agreement or obligation by which Welch
is a party or otherwise bound. 

 

5.4
Notification to Subsequent Employer. Welch agrees that during the Restricted Period, LDSR may notify any person
employing or otherwise retaining the services of Welch or a person for whom LDSR has a good belief intends to employ or retain
the services of Welch of the existence and provisions of this Agreement, if LDSR has a good faith belief that the person employing
or retaining the services of Welch, or intending to, is a Restricted Business.

 

5.5
Survival of Obligations. The expiration of the Restricted Period will not relieve Welch or LDSR of any obligation
or liability arising from any breach of this Agreement by Welch or LDSR during the Restricted Period. Welch and LDSR further agree
that the time period during which the covenants contained in Article IV of this Agreement will be effective will be computed by
excluding from such computation any time during which Welch or LDSR is in violation of any provision of such Article IV.

 

VI

ADDITIONAL
PROVISIONS

 

6.1
Executed Counterparts. This Agreement may be executed in any number of counterparts, all of which when taken together
shall be considered one and the same agreement, it being understood that all Parties need not sign the same counterpart. In the
event that any signature is delivered by Fax or E-Mail, such signature shall create a valid and binding obligation of that Party
(or on whose behalf such signature is executed) with the same force and effect as an original thereof. Any photographic, photocopy,
or similar reproduction copy of this Agreement, with all signatures reproduced on one or more sets of signature pages, shall be
considered for all purposes as if it were an executed counterpart of this Agreement.

 

    	 	8	 

     

    

 

6.2
Enforcement. The Parties agree that irreparable damage would occur in the event that any of the provisions
of this Agreement were not performed in accordance with their specific terms or were otherwise breached. Accordingly, it is agreed
that the Parties shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement, this being in addition to any other remedy to which they are entitled at law or in
equity. The remedies of the Parties under this Agreement are cumulative and shall not exclude any other remedies to which any
person may be lawfully entitled.

 

6.3
Waiver. No failure by any Party to insist on the strict performance of any covenant, duty, agreement, or condition
of this Agreement or to exercise any right or remedy on a breach shall constitute a waiver of any such breach or of any other
covenant, duty, agreement, or condition.

 

6.4
Recovery of Fees by Prevailing Party. In the event of any legal action (including arbitration) to enforce or interpret
this Agreement, the non-prevailing Party shall pay the reasonable attorneys’ fees and other costs and expenses (including
expert witness fees) of the prevailing Party in such amount as the may be determined by a court of competent jurisdiction. In
addition, such non-prevailing Party shall pay reasonable attorneys’ fees incurred by the prevailing Party in enforcing,
or on appeal from, a judgment in favor of the prevailing Party. The preceding sentence is intended by the Parties to be severable
from the other provisions of this Agreement and to survive and not be merged into such judgment.

 

6.5
Recitals. The facts recited in Article II, above, are hereby conclusively presumed to be true as between and affecting
the Parties.

 

6.6
Amendment. This Agreement may be amended or modified only by a writing signed by all Parties.

 

6.7
Further Assurances. Each Party agrees (i) to furnish upon request to each other Party such further information;
(ii) to execute and deliver to each other Party such other documents; and, (iii) to do such other acts and things, all as another
Party may reasonably request for the purpose of carrying out the intent of this Agreement and the transactions envisioned hereunder.
However, this provision shall not require that any additional representations or warranties be made and no Party shall
be required to incur any material expense or potential exposure to legal liability pursuant to this Section 6.7.

 

6.8
Notices. 

 

6.8.1.
Method and Delivery. All notices, requests and demands hereunder shall be in writing and delivered by hand, by Electronic
Transmission, by mail, or by recognized commercial over-night delivery service (such as Federal Express or UPS), and shall be
deemed given (a) if by hand delivery, upon such delivery; (b) if by Electronic Transmission, upon telephone confirmation of receipt
of same; (c) if by mail, forty-eight (48) hours after deposit in the United States mail, first class, registered or certified
mail, postage prepaid; or, (d) if by recognized commercial over-night delivery service, upon such delivery.

 

6.8.2.
Consent to Electronic Transmission. Each Party hereby expressly consents to the use of Electronic Transmission for
communications and notices under this Agreement. For purposes of this Agreement, “Electronic Transmission” means a
communication (i) delivered by Fax or E-Mail when directed to the Fax number or E-Mail address, respectively, for that recipient
on record with the sending Party; and, (ii) that creates a record that is capable of retention, retrieval, and review, and that
may thereafter be rendered into clearly legible tangible form.

 

    	 	9	 

     

    

 

6.8.3.
Address Changes. Any Party may alter the Fax number, E-Mail address, physical address, or postage address to which
communications or copies are to be sent by giving notice of such change of address to the other Parties in accordance with the
provisions of this Section 6.8.

 

6.9
Best Efforts. Each Party shall cooperate in good faith with the other Parties generally, and in particular, the
Parties shall use and exercise their best efforts, taking all reasonable, ordinary and necessary measures to ensure an orderly
and smooth relationship under this Agreement, and further agree to work together and negotiate in good faith to resolve any differences
or problems which may arise in the future. However, the obligations under this Section 6.9 shall not include any obligation
to incur substantial expense or liability.

 

VII

EXECUTION

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the Parties in Wake County, North Carolina, and shall be effective
as of and on the Effective Date. Each of the undersigned Parties hereby represents and warrants that it (i) has the requisite
power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated
hereunder; and, (ii) it is duly authorized and empowered to execute and deliver this Agreement. 

 

	ARCMAIL:	 	LDSR:
	 	 	 
	WALA,
    INC.,	 	LANDSTAR,
    INC.,
	a
    Louisiana corporation	 	a
    North Carolina corporation
	 	 	 
	BY:	            	 	BY:
    	                             
	 	 	 	 	 
	NAME:
    		 	NAME:
    	
	 	 	 	 	 
	TITLE:
    		 	TITLE:
    	
	 	 	 	 	 
	DATED:
    		 	DATED:
    	

 

WELCH:  

 

	            	 	                                                         
	RORY
    WELCH	 	 
	 	 	 
	DATED: 		 	 

 

    	 	10

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