Document:

EX-4.1

 Exhibit 4.1 

TWELFTH SUPPLEMENTAL INDENTURE 

Dated as of May 12, 2020 

Between 
 OWENS CORNING, 

As Issuer 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION, 

As Trustee 
 3.875% Senior Notes
Due 2030 

 THIS TWELFTH SUPPLEMENTAL INDENTURE (the “Twelfth Supplemental Indenture”),
dated as of May 12, 2020, between OWENS CORNING, a Delaware corporation (“Company”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association duly incorporated and existing under the laws of the United States
of America, as Trustee (“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Company, certain former subsidiary guarantors (“Subsidiary Guarantors”) and the Trustee have heretofore executed
and delivered an Indenture, dated as of June 2, 2009 (the “Original Indenture”) (as supplemented by that certain First Supplemental Indenture, dated as of June 8, 2009, as further supplemented by that certain Second
Supplemental Indenture, dated as of May 26, 2010, as further supplemented by that certain Third Supplemental Indenture, dated as of October 22, 2012, as further supplemented by that certain Fourth Supplemental Indenture, dated as of
November 12, 2014, as further supplemented by that certain Fifth Supplemental Indenture, dated as of August 8, 2016, as further supplemented by that certain Sixth Supplemental Indenture, dated as of October 3, 2016, as further
supplemented by that certain Seventh Supplemental Indenture, dated as of February 27, 2017, as further supplemented by that certain Eighth Supplemental Indenture, dated as of June 26, 2017, as further supplemented by that certain Ninth
Supplemental Indenture, dated as of August 23, 2017, as further supplemented by that certain Tenth Supplemental Indenture, dated as of January 25, 2018, as further supplemented by that certain Eleventh Supplemental Indenture, dated as of
August 12, 2019, and as hereby further supplemented, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s Securities; 

WHEREAS, pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a series of Securities to be
designated as the “3.875% Senior Notes due 2030” (herein referred to as the “2030 Notes”), the form and substance of the 2030 Notes and the terms, provisions and conditions thereof to be set forth as provided in the
Original Indenture and this Twelfth Supplemental Indenture; 
 WHEREAS, Section 2.03 of the Original Indenture provides that various
matters with respect to any series of Securities issued under the Indenture may be established in a supplemental indenture to the Indenture; 

WHEREAS, Section 9.01(vii) of the Original Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may enter into
a supplemental indenture to the Indenture to establish the form or terms of Securities of any series as permitted by the Original Indenture; 

WHEREAS, Section 9.01(iv) of the Original Indenture provides that the Company, the Subsidiary Guarantors and the Trustee may enter into a
supplemental indenture to change or eliminate any of the provisions of the Indenture with respect to any series of Securities (other than any outstanding Securities of any series to which such modification would apply); and 

WHEREAS, on May 4, 2018, the Company delivered an Officers’ Certificate to the Trustee certifying that the Company had entered into
a new credit agreement and that such agreement was thereafter the Credit Agreement (as such term is defined in the Indenture), that no 

  
 1 

 
Subsidiary Guarantor had guaranteed the Company’s obligations under such Credit Agreement and that the Note Guaranty of each Subsidiary Guarantor had been released pursuant to
Section 10.08(c) of the Original Indenture, and the Trustee thereafter acknowledged such release; 
 WHEREAS, all acts and things
necessary to make this Twelfth Supplemental Indenture, when duly executed and delivered, a valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed, have been done and performed; and the execution and
delivery of this Twelfth Supplemental Indenture have been in all respects duly authorized. 
 NOW, THEREFORE, in consideration of the
foregoing and for other good and valuable consideration, the receipt whereof is hereby acknowledged, it is agreed by and between the Company and the Trustee as follows: 

ARTICLE ONE 
 Relation
to Indenture; Additional Definitions 
 1.1    Relation to Indenture. This Twelfth Supplemental Indenture
constitutes an integral part of the Indenture. 
 1.2    Additional Definitions. For all purposes of this Twelfth
Supplemental Indenture, capitalized terms used herein shall have the respective meanings specified below or in the Original Indenture, as the case may be. 

“Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person”
will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage
of time. The terms “Beneficially Owns” and “Beneficially Owned” have a corresponding meaning. 
 “Change of
Control” means the occurrence of any of the following: 
 1)    the direct or indirect sale,
lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole
to any “person” (as that term is used in Section 13(d) of the Exchange Act); 
 2)    the
adoption of a plan relating to the liquidation or dissolution of the Company; 
 3)    the consummation
of any transaction (including, without limitation, any merger or consolidation), the result of which is that any “person” (as defined above) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the
Company, measured by voting power rather than number of shares; or 

  
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 4)    the first day on which a majority of the members
of the Board of Directors of the Company are not Continuing Directors. 
 “Change of Control Offer” has the meaning set
forth in Section 2.11(a). 
 “Change of Control Payment” has the meaning set forth in Section 2.11(a). 

“Change of Control Payment Date” has the meaning set forth in Section 2.11(a)(2). 

“Change of Control Repurchase Event” means the occurrence of a Change of Control and a Ratings Downgrade. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the remaining term of the 2030 Notes to be redeemed (assuming, for this purpose, that the 2030 Notes matured on June 1, 2030) that would be utilized, at the time of selection and in accordance with customary financial practice, in
pricing new issues of corporate notes of comparable maturity to the remaining term of the 2030 Notes. 
 “Comparable Treasury
Price” means, with respect to any redemption date, (1) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (2) if
the Quotation Agent obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations. 

“Continuing Directors” means, as of any date of determination, any member of the Board of Directors of the Company who: 

1)    was a member of such Board of Directors on the date of the indenture; or 

2)    was nominated for election or elected to such Board of Directors with the approval of a majority of
the Continuing Directors who were members of such Board of Directors at the time of such nomination or election. 
 “Corporate Trust
Office” means the office of the Trustee at which the corporate trust business of the Trustee with respect to the Indenture is principally administered, which at the date of this Twelfth Supplemental Indenture is located at the offices of
Wells Fargo Bank, National Association, 150 East 42nd Street, 40th Floor, New York, New York 10017, Attn: Corporate Trust Services. 

“Global Notes” has the meaning set forth in Section 2.7(a). 

“Interest Payment Dates” means June 1 and December 1 of each year, or if any such day is not a Business Day, the
next succeeding Business Day (and no interest shall accrue on such payment for the intervening period), until maturity, beginning on December 1, 2020. 

“Maturity Date” has the meaning set forth in Section 2.3. 

  
 3 

 “Note Registrar” means Wells Fargo Bank, National Association, hereby
appointed as an agency of the Company in accordance with Section 2.05 of the Indenture. 
 “Optional Redemption Date”
means March 1, 2030. 
 “Original Indenture” has the meaning set forth in the first paragraph of the Recitals hereof.

 “Quotation Agent” means a Reference Treasury Dealer appointed by the Company. 

“Rating Agency” means each of Moody’s Investors Service Inc. and Standard & Poor’s Ratings Services, a
division of S&P Global Inc., or any of their successors. 
 “Ratings Downgrade” means when, at the time of a Change of
Control, the 2030 Notes carry: 
 1)    an investment grade credit rating
(BBB-/Baa3, or equivalent, or better) from both Rating Agencies, and such rating from both Rating Agencies is within 60 days of the occurrence of the Change of Control (which period shall be extended so long
as the rating of the 2030 Notes is under publicly announced consideration for possible downgrade by either Rating Agency) either downgraded to a non-investment grade credit rating (BB+/Ba1 or equivalent, or
worse) or withdrawn and is not within such period subsequently (in the case of a downgrade) upgraded to an investment grade credit rating or (in the case of a withdrawal) replaced by an investment grade credit rating; 

2)    a non-investment grade credit rating (BB+/Ba1, or equivalent,
or worse) from both Rating Agencies, and such rating from both Rating Agencies is within 60 days of the occurrence of the Change of Control (which period shall be extended so long as the rating of the 2030 Notes is under publicly announced
consideration for possible downgrade by either Rating Agency) downgraded by one or more notches (for illustration, Ba1 to Ba2 being one notch) and is not within such period subsequently upgraded to its earlier credit rating or better by both Rating
Agencies; 
 3)    both (A) an investment grade credit rating
(BBB-/Baa3, or equivalent, or better) from one Rating Agency, and such rating is within 60 days of the occurrence of the Change of Control (which period shall be extended so long as the rating of the 2030
Notes is under publicly announced consideration for possible downgrade by either Rating Agency) either downgraded to a non-investment grade credit rating (BB+/Ba1, or equivalent, or worse) or withdrawn and is
not within such period subsequently (in the case of a downgrade) upgraded to an investment grade credit rating by such Rating Agency or (in the case of a withdrawal) replaced by an investment grade credit rating from such Rating Agency and
(B) a non-investment grade credit rating (BB+/Ba1, or equivalent, or worse) from one Rating Agency, and such rating is within 60 days of the occurrence of the Change of Control (which period shall be
extended so long as the rating of the 2030 Notes is under publicly announced consideration for possible downgrade by either Rating Agency) downgraded by one or more notches (for illustration, Ba1 to Ba2 being one notch) and is not within such period
subsequently upgraded to its earlier credit rating or better by such Rating Agency; 

  
 4 

 4)    both (A) an investment grade credit rating (BBB-/Baa3, or equivalent, or better) from one Rating Agency, and such rating is within 60 days of the occurrence of the Change of Control (which period shall be extended so long as the rating of the 2030 Notes is
under publicly announced consideration for possible downgrade by either Rating Agency) either downgraded to a non-investment grade credit rating (BB+/Ba1, or equivalent, or worse) or withdrawn and is not
within such period subsequently (in the case of a downgrade) upgraded to an investment grade credit rating by such Rating Agency or (in the case of a withdrawal) replaced by an investment grade credit rating from such Rating Agency and (B) no
credit rating from one Rating Agency, and such Rating Agency does not assign within 60 days of the occurrence of the Change of Control an investment grade credit rating to the 2030 Notes; 

5)    both (A) a non-investment grade credit rating (BB+/Ba1,
or equivalent, or worse) from one Rating Agency, and such rating is within 60 days of the occurrence of the Change of Control (which period shall be extended so long as the rating of the 2030 Notes is under publicly announced consideration for
possible downgrade by either Rating Agency) downgraded by one or more notches (for illustration, Ba1 to Ba2 being one notch) and is not within such period subsequently upgraded to its earlier credit rating or better by such Rating Agency and
(B) no credit rating from one Rating Agency, and such Rating Agency does not assign within 60 days of the occurrence of the Change of Control an investment grade credit rating to the 2030 Notes; or 

6)    no credit rating from either Rating Agency and both Rating Agencies do not assign within 60 days of
the occurrence of the Change of Control an investment grade credit rating to the 2030 Notes; 
 and in making the relevant decision(s) referred to above to
downgrade or withdraw such ratings, as applicable, the relevant Rating Agency announces publicly or confirms in writing to the Company that such decision(s) resulted, in whole or in part, from the occurrence of the Change of Control. 

“Reference Treasury Dealer” means each of (i) BofA Securities, Inc., Citigroup Global Markets Inc., Goldman
Sachs & Co. LLC, and Wells Fargo Securities, LLC, and their respective successors, unless any of them ceases to be a primary U.S. Government securities dealers in New York City (each, a “Primary Treasury Dealer”), in which case
the Company will substitute another Primary Treasury Dealer; and (ii) any other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer at
5:00 p.m., New York City time, on the third Business Day preceding such redemption date. 
 “Treasury Rate” means,
with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount)
equal to the Comparable Treasury Price for such redemption date. 

  
 5 

 “2030 Notes” has the meaning set forth in the second paragraph of the
Recitals hereof. 
 All references herein to Articles, Sections or Exhibits, unless otherwise specified, refer to the corresponding
Articles, Sections or Exhibits of this Twelfth Supplemental Indenture. The terms “herein,” “hereof,” “hereunder” and other words of similar import refer to this Twelfth Supplemental Indenture. 

ARTICLE TWO 
 The Series
of Notes 
 2.1    Title of the Notes. The 2030 Notes shall be designated as the “3.875% Senior Notes
due 2030.” 
 2.2    Limitation on Aggregate Principal Amount. The aggregate principal amount of 2030 Notes
that may initially be outstanding shall not exceed $300,000,000. 
 2.3    Stated Maturity. The stated maturity
of the 2030 Notes shall be June 1, 2030 (the “Maturity Date”). 
 2.4    Interest and Interest
Rate. 
 (a)    The 2030 Notes shall bear interest at the rate of 3.875% per annum, from and including their
Original Issue Date of May 12, 2020, or from the most recent Interest Payment Date on which interest has been paid or provided for, but excluding, the Maturity Date. Such interest shall be payable semiannually in arrears, on the Interest
Payment Dates, commencing on December 1, 2020. Interest accrued on the 2030 Notes from the last Interest Payment Date before the Maturity Date shall be payable on the Maturity Date. 

(b)    The interest so payable on any Interest Payment Date shall be paid to the Persons in whose names the 2030 Notes are
registered at the close of business on the record date for such Interest Payment Date, being the immediately preceding May 15 and November 15, as the case may be, whether or not such day is a Business Day. 

(c)    The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on
overdue principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of 3.875% to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest (without regard to any applicable grace periods) from time to time on demand at a rate that is 1% per annum in excess of 3.875% to the extent lawful. 

2.5    Place of Payment. The place or places where the principal of and interest on the 2030 Notes shall be payable
is the office or agency of the Company maintained for such purpose, which shall initially be the Corporate Trust Office of the Trustee, and any other place or places designated by the Company pursuant to the Indenture, provided that while the 2030
Notes are represented by one or more Registered Global Securities registered in the name of the Depositary, or its nominee, the Company will cause payments of principal and interest on such Registered Global Securities to be made to the Depositary
or its nominee, as the case may be, by 

  
 6 

 
wire transfer to the extent, in the funds and in the manner required by agreements with, or regulations or procedures prescribed from time to time by the Depositary or its nominee, and otherwise
in accordance with such agreements, regulations or procedures. 
 2.6    Place of Registration or Exchange; Notices
and Demands With Respect to the 2030 Notes. The place where the Holders of the 2030 Notes may present the 2030 Notes for registration of transfer or exchange and may make notices and demands to or upon the Company in respect of the 2030 Notes
shall be the Corporate Trust Office of the Trustee. Each Holder that is a transferor of a Note shall provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting
obligations, including without limitation any cost basis reporting obligations under Internal Revenue Code Section 6045. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of
such information. 
 2.7    Global Notes. 

(a)    The 2030 Notes shall be issuable in whole or in part in the form of one or more global notes (the “Global
Notes”) in definitive, fully registered, book-entry form, without interest coupons, only in minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000. The Global Notes shall be deposited on their Original Issue
Date with, or on behalf of, the Depositary. 
 (b)    The Depository Trust Company (“DTC”) shall
initially serve as Depositary with respect to the Global Notes. Such Global Notes shall bear the legend set forth in the form of 2030 Notes attached as Exhibit A. In connection with any proposed transfer of definitive 2030 Notes in exchange
for Global Notes, the Company or DTC shall be required to provide or cause to be provided to the Trustee all information necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost
basis reporting obligations under Internal Revenue Code Section 6045. The Trustee may rely on information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

2.8    Form of Securities. The Global Notes shall be substantially in the form attached as Exhibit A. 

2.9    Note Registrar. The Trustee shall initially serve as the Note Registrar for the 2030 Notes. 

2.10    Sinking Fund Obligations. The Company shall have no obligation to redeem or purchase any 2030 Notes
pursuant to any sinking fund or analogous requirement. 
 2.11    Offer to Repurchase Upon Change of Control
Repurchase Event. 
 (a)    Upon the occurrence of a Change of Control Repurchase Event, unless the Company has
exercised the option to redeem the 2030 Notes by giving notice of such redemption to the Holders thereof, the Company will make an offer (a “Change of Control Offer”) to each Holder of the 2030 Notes to repurchase all or any part
(equal to $2,000 or integral multiples of $1,000 in excess of $2,000) of that Holder’s 2030 Notes at a purchase price 

  
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in cash equal to 101% of the aggregate principal amount of 2030 Notes repurchased plus accrued and unpaid interest on the 2030 Notes repurchased to, but not including, the date of repurchase,
subject to the rights of Holders of the 2030 Notes on the relevant record date to receive interest due on the relevant interest payment date (the “Change of Control Payment”). Within 30 days following any Change of Control
Repurchase Event, the Company will mail or deliver in accordance with DTC procedures a notice to each Holder and the Trustee describing the transaction or transactions that constitute the Change of Control Repurchase Event and stating: 

(1)    that the Change of Control Offer is being made pursuant to this section of the Twelfth Supplemental Indenture and
that all 2030 Notes tendered will be accepted for payment; 
 (2)    the purchase price and the purchase date, which
shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (the “Change of Control Payment Date”); 

(3)    that any 2030 Note not tendered will continue to accrue interest; 

(4)    that, unless the Company defaults in the payment of the Change of Control Payment, all 2030 Notes accepted for
payment pursuant to the Change of Control Offer will cease to accrue interest after the Change of Control Payment Date; 

(5)    that Holders electing to have any 2030 Notes purchased pursuant to a Change of Control Offer will be required to
surrender the 2030 Notes, with the form entitled “Option of Holder to Elect Purchase” attached to the 2030 Notes completed, or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close
of business on the third Business Day preceding the Change of Control Payment Date; 
 (6)    that Holders of the 2030
Notes will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission, any other
electronic means or letter setting forth the name of such Holder, the principal amount of 2030 Notes delivered for purchase, and a statement that such Holder is withdrawing his election to have the 2030 Notes purchased; and 

(7)    that Holders whose 2030 Notes are being purchased only in part will be issued new 2030 Notes equal in principal
amount to the unpurchased portion of the 2030 Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or an integral multiple of $1,000 in excess of $2,000. 

The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the 2030 Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any
securities laws or regulations conflict with the provisions of this Section 2.11, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 2.11
by virtue of such compliance. 

  
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 (b)    On the Change of Control Payment Date, the Company will, to the
extent lawful: 
 (1)    accept for payment all the 2030 Notes or portions of the 2030 Notes properly tendered pursuant
to the Change of Control Offer; 
 (2)    deposit with the Paying Agent an amount equal to the Change of Control
Payment in respect of all the 2030 Notes or portions of the 2030 Notes properly tendered; and 
 (3)    deliver or
cause to be delivered to the Trustee the 2030 Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of the 2030 Notes or portions of the 2030 Notes being purchased by the Company. 

The Paying Agent will promptly mail (but in any case not later than five days after the Change of Control Payment Date) to each Holder of the
2030 Notes properly tendered the Change of Control Payment for such 2030 Notes, and the Trustee will promptly authenticate and mail (or cause to be transferred by book entry) to each Holder a new 2030 Note equal in principal amount to any
unpurchased portion of the 2030 Notes surrendered, if any. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

(c)    Notwithstanding anything to the contrary herein, the Company will not be required to make a Change of Control Offer
upon a Change of Control Repurchase Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth herein and purchases all 2030 Notes properly tendered and not
withdrawn under the Change of Control Offer. 
 2.12    Other Terms. The provisions of Article Three and Article
Four shall apply to the 2030 Notes as set forth therein. 
 ARTICLE THREE 

Optional Redemption of the 2030 Notes 

3.1    Redemption Price Prior to the Optional Redemption Date. The Company shall have the right to redeem the 2030
Notes, at its option, in whole at any time or in part from time to time. If the Company redeems the 2030 Notes prior to the Optional Redemption Date, the Company shall pay a redemption price equal to the greater of: 

(a)    100% of the principal amount of the 2030 Notes to be redeemed; and 

(b)    as determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of
principal and interest on the 2030 Notes being redeemed (excluding any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Treasury Rate, plus 50 basis points; 

  
 9 

 plus, in each case, accrued and unpaid interest thereon to, but not including, the redemption date. The
actual redemption price calculated as described in this Section 3.1 will be set forth in an Officers’ Certificate delivered to the Trustee no later than two Business Days prior to the redemption date and the calculation or the correctness
thereof shall not be a duty or obligation of the Trustee. 
 3.2    Redemption Price On or After the Optional
Redemption Date. At any time on or after the Optional Redemption Date, the Company shall have the right to redeem the 2030 Notes, at its option, in whole at any time or in part from time to time, at a redemption price of 100% of the principal
amount of the 2030 Notes to be redeemed, plus accrued and unpaid interest thereon to, but not including, the redemption date. 

3.3    Notice of Redemption; Partial Redemptions. The first sentence of the first paragraph of Section 3.02 of
the Original Indenture with respect to the 2030 Notes is revised as follows: 
 Notice of redemption to the Holders of Registered Securities
of any series to be redeemed as a whole or in part at the option of the Company shall be given by mailing or sending notice of such redemption by first class mail, postage prepaid, at least 10 days and not more than 60 days prior to the date fixed
for redemption to such Holders of Registered Securities of such series at their last addresses as they shall appear upon the registry books. 

ARTICLE FOUR 

Miscellaneous Provisions 

4.1    The Indenture, as supplemented by this Twelfth Supplemental Indenture, is in all respects hereby adopted, ratified
and confirmed. 
 4.2    This Twelfth Supplemental Indenture may be executed in any number of counterparts, each of
which shall be an original, but such counterparts shall together constitute but one and the same instrument. The exchange of copies of this Twelfth Supplemental Indenture and of signature pages by facsimile or PDF transmission shall constitute
effective execution and delivery of this Twelfth Supplemental Indenture as to the parties hereto and may be used in lieu of the original Twelfth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or
PDF shall be deemed to be their original signatures for all purposes. 
 4.3    THIS TWELFTH SUPPLEMENTAL INDENTURE AND
EACH 2030 NOTE SHALL BE GOVERNED BY AND DEEMED TO BE A CONTRACT MADE UNDER, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND FOR ALL PURPOSES SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER, BY ITS ACCEPTANCE OF A NOTE, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT

  
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TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS TWELFTH SUPPLEMENTAL INDENTURE OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

4.4    If any provision in this Twelfth Supplemental Indenture limits, qualifies or conflicts with another provision
hereof that is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

4.5    In case any provision in this Twelfth Supplemental Indenture or the 2030 Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

4.6    The recitals contained herein shall be taken as the statements of the Company, and the Trustee assumes no
responsibility for their correctness. The Trustee makes no representations as to and shall not be responsible for the proper authorization or due execution hereof or of the 2030 Notes by the Company or as to the validity or sufficiency of this
Twelfth Supplemental Indenture or the 2030 Notes. The Trustee shall not be accountable for the use or application by the Company of the 2030 Notes or the proceeds of the 2030 Notes. Neither the Trustee nor any Paying Agent shall be responsible for
monitoring the Company’s ratings, making any request upon any Rating Agency, or determining whether any Ratings Downgrade or Change of Control Repurchase Event has occurred. 

*        *        *       
 * 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Twelfth Supplemental Indenture to be
duly executed as of the day and year first above written. 
  

			
	OWENS CORNING
		
	By	 	 /s/ Prithvi S. Gandhi

	Name:	 	Prithvi S. Gandhi
	Title:	 	Interim Chief Financial Officer
		
	By	 	 /s/ Ava Harter

	Name:	 	Ava Harter
	Title:	 	Senior Vice President, General Counsel and Secretary

 Signature Page to Twelfth Supplemental Indenture 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
/s/ Gregory S. Clarke               
                                 

	Name:	 	Gregory S. Clarke
	Title:	 	Vice President

 Signature Page to Twelfth Supplemental Indenture 

 Exhibit A 

FORM OF NOTE CERTIFICATE 
  

 
 CUSIP/ISIN: 690742 AK7 /
US690742AK72 
 3.875% Senior Notes due 2030 
  

			
	No. [●]	  	$ [●]

 Owens Corning 

promises to pay to Cede & Co., or registered assigns, 

the principal sum of $[●] on June 1, 2030. 
 Interest
Payment Dates: June 1 and December 1 
 Record Dates: May 15 and November 15 

Dated: May 12, 2020 
  

 

  
 A-1 

 
			
	Owens Corning
		
	By:	 	
                     
                                         
   

	Name:	 	
	Title:	 	

 Dated May 12, 2020 

This is one of the Securities referred to in the within- 

mentioned Indenture: 
 WELLS FARGO BANK, NATIONAL 

ASSOCIATION, 
 as Trustee 

 

			
	By:	 	
                     
                                         
       

		 	Authorized Signatory

  
 A-2 

 3.875% Senior Notes due 2030 

THIS SECURITY IS A REGISTERED GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A
NOMINEE THEREOF. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND, UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR
IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO THE NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY
OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 
 Capitalized terms used
herein have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

(1)    INTEREST. Owens Corning, a Delaware corporation (the “Company”),
promises to pay interest on the principal amount of this Security at 3.875% per annum from May 12, 2020 until maturity. The Company will pay interest semi-annually in arrears on June 1 and December 1 of each year, or if any such day
is not a Business Day, on the next succeeding Business Day, and no interest shall accrue on such payment for the intervening period (each, an “Interest Payment Date”). Interest on the Securities will accrue from the most recent date
to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that if there is no existing Default in the payment of interest, and if this Security is authenticated between a record date referred to on
the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided further that the first Interest Payment Date shall be December 1, 2020. The Company will pay
interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is 1% per annum in excess of 3.875% to the extent lawful; it will pay
interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at a rate that is 1% per annum in excess of
3.875% to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

(2)    METHOD OF PAYMENT. The Company will pay interest on the Securities (except defaulted
interest) to the Persons who are registered Holders of Securities at the close of business on the May 15 or November 15 next preceding the Interest Payment Date, even if such Securities are cancelled after such record date and on or before
such Interest Payment Date, except as provided in Section 2.13 of the Indenture with respect to defaulted interest. The Securities will be payable as to principal, premium, if any, and interest at the office or agency of the Company maintained
for such purpose at the Corporate Trust Office of the Trustee, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the 

  
 A-3 

 
register of Holders; provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest and premium, if any, on, all Global
Securities and all other Securities the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. Such payment will be in such coin or currency of the United States of America as at the time of payment is
legal tender for payment of public and private debts. 
 (3)    PAYING AGENT AND REGISTRAR.
Initially, Wells Fargo Bank, National Association, the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any Affiliate of the
Company may act in any such capacity. 
 (4)    INDENTURE. The Company issued the
Securities under an Indenture (the “Original Indenture”), dated as of June 2, 2009 (as supplemented by the First Supplemental Indenture, dated as of June 8, 2009, the Second Supplemental Indenture, dated as of May 26,
2010, the Third Supplemental Indenture, dated as of October 22, 2012, the Fourth Supplemental Indenture, dated as of November 12, 2014, the Fifth Supplemental Indenture, dated as of August 8, 2016, the Sixth Supplemental Indenture,
dated as of October 3, 2016, the Seventh Supplemental Indenture, dated as of February 27, 2017, the Eighth Supplemental Indenture, dated as of June 26, 2017, the Ninth Supplemental Indenture, dated as of August 23, 2017, the
Tenth Supplemental Indenture, dated as of January 25, 2018, the Eleventh Supplemental Indenture, dated as of August 12, 2019, and the Twelfth Supplement Indenture (the “Twelfth Supplemental Indenture”), dated as of
May 12, 2020, the “Indenture”) among the Company and the Trustee. The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act (the
“TIA”). The Third Supplemental Indenture modifies Section 4.10 of the Original Indenture as it applies to the Securities. The Fourth Supplemental Indenture modifies Section 4.07 of the Original Indenture as it applies to
the Securities. The Securities are subject to all such terms, and Holders are referred to the Indenture and the TIA for a statement of such terms. To the extent any provision of this Security conflicts with the express provisions of the Indenture,
the provisions of the Indenture shall govern and be controlling. The Securities are unsecured obligations of the Company. The Indenture does not limit the aggregate principal amount of Securities that may be issued thereunder. 

(5)    OPTIONAL REDEMPTION. 

(a)    The Company may redeem, in whole at any time or in part from time to time, any Securities, at its
option. If the Company elects to redeem the Securities prior to the Optional Redemption Date, the Company will pay a redemption price equal to the greater of (i) 100% of the principal amount of the Securities to be redeemed and (ii) as
determined by the Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Securities to be redeemed (excluding any portion of such payments of interest accrued as of the date of
redemption), discounted to the date of redemption on a semi-annual basis (assuming a 360-day year, consisting of twelve 30-day months) at the Treasury Rate plus 50 basis
points, plus, in 

  
 A-4 

 
each case, accrued and unpaid interest thereon to, but not including, the date of redemption. If the Company elects to redeem the Securities on or after the Optional Redemption Date, the
redemption price will equal 100% of the aggregate principal amount of the notes being redeemed, plus accrued and unpaid interest thereon to, but not including, the date of redemption. 

(b)    Unless the Company defaults in payment of the redemption price, on and after the date of redemption,
interest will cease to accrue on the Securities or portions thereof called for redemption. 
 (c)    Any
redemption pursuant to Article 3 of the Indenture shall be made pursuant to the provisions of Sections 3.01 through 3.05 of the Indenture. 

(6)    REPURCHASE AT THE OPTION OF HOLDER. If there is a Change of Control Repurchase Event, unless
the Company has exercised the option to redeem the Securities by giving notice of such redemption to the Holders thereof, the Company will be required to make an offer (a “Change of Control Offer”) to each Holder to repurchase all
or any part (equal to $2,000 or integral multiples of $1,000 in excess of $2,000) of each Holder’s Securities at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest thereon to, but
not including, the date of repurchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date (the “Change of Control Payment”). Within 30 days following any Change
of Control Repurchase Event, the Company will mail a notice to each Holder setting forth the procedures governing the Change of Control Offer as required by the Indenture. 

(7)    NOTICE OF REDEMPTION. Notice of redemption will be mailed at least 10 days but not more than
60 days before the redemption date to each Holder whose Securities are to be redeemed at its registered address. Securities in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the
Securities held by a Holder are to be redeemed. 
 (8)    DENOMINATIONS, TRANSFER, EXCHANGE. The
Securities are in registered form without coupons in minimum denominations of $2,000 and integral multiples of $1,000 in excess of $2,000. The transfer of Securities may be registered and Securities may be exchanged as provided in the Indenture. The
Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company
need not exchange or register the transfer of any Security or portion of a Security selected for redemption, except for the unredeemed portion of any Security being redeemed in part. Also, the Company need not exchange or register the transfer of
any Securities for a period of 15 days before a selection of Securities to be redeemed or during the period between a record date and the corresponding Interest Payment Date. 

(9)    PERSONS DEEMED OWNERS. The registered Holder of a Security may be treated as its owner
for all purposes. 

  
 A-5 

 (10)    AMENDMENT, SUPPLEMENT AND WAIVER.
Subject to certain exceptions, the Indenture or the Securities may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Securities including additional Securities, if
any, voting as a single class, and any existing Default or Event of Default or compliance with any provision of the Indenture or the Securities may be waived with the consent of the Holders of a majority in aggregate principal amount of the then
outstanding Securities including additional Securities, if any, voting as a single class. Without the consent of any Holder of a Security, the Indenture or the Securities may be amended or supplemented to correct any mistakes or defects in the
Indenture, but only if such action does not adversely affect the interests of the Holders of the Securities in any material respect or otherwise amend the Indenture in any respect that does not adversely affect the interests of the Holders of the
Securities; to add or change any of the provisions of the Indenture relating to the issuance or exchange of the Securities in registered form, but only if such action does not adversely affect the interests of the Holders of the Securities or
related coupons in any material respect; to provide for the assumption of the Company’s obligations to Holders of the Securities by a successor Person; to impose additional covenants and Events of Default; to change or eliminate any of the
provisions of the Indenture, but only if the change or elimination becomes effective when there are no outstanding Securities or related coupons, which are entitled to the benefit of such provision and as to which such modification would apply; to
secure the Securities; to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the TIA; to conform the text of the Indenture or the Securities to any provision of the “Description of
the Notes” section of the Company’s Prospectus Supplement dated as of May 7, 2020, relating to the initial offering of the Securities, to the extent that such provision in that “Description of the Notes” was intended to be a
verbatim recitation of a provision of the Indenture or the Securities; to supplement any of the provisions of the Indenture to permit or facilitate the defeasance and discharge of the Securities, but only if such action does not adversely affect the
interests of the Holders of the Securities or related coupons in any material respect; to establish the form or terms of the Securities or related coupons, as permitted by the Indenture; to evidence and provide for the acceptance of appointment by a
successor Trustee and to add to or change any of the provisions of the Indenture to facilitate the administration of the trusts by more than one Trustee. 

(11)    DEFAULTS AND REMEDIES. Events of Default include: (i) default for 30 days in the
payment when due of interest on the Securities; (ii) default in the payment when due (at maturity, upon redemption or otherwise) of the principal of, or premium, if any, on, the Securities, (iii) failure by the Company or any of its
Subsidiaries for 60 days after notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Securities then outstanding voting as a single class to comply with any of the other agreements in the Indenture
or the Securities; (iv) default under certain other agreements relating to Indebtedness for money borrowed by the Company or any of its Subsidiaries, which default is a Payment Default or results in the acceleration of such Indebtedness prior
to its express maturity, but only if the aggregate principal amount of such Indebtedness under which there has been a Payment Default or which has been accelerated is $75 million or more; (v) certain events of bankruptcy or insolvency with

  
 A-6 

 
respect to the Company or any of its Subsidiaries that is a Significant Subsidiary or any group of Subsidiaries that, taken together, would constitute a Significant Subsidiary; and
(vi) except as permitted by the Indenture is held in any judicial proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect. If any Event of Default occurs and is continuing, the Trustee or the Holders of
at least 25% in aggregate principal amount of the then outstanding Securities may declare all the Securities to be due and payable immediately. Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of
bankruptcy or insolvency, all outstanding Securities will become due and payable immediately without further action or notice. Holders may not enforce the Indenture or the Securities except as provided in the Indenture. Subject to certain
limitations, Holders of a majority in aggregate principal amount of the then outstanding Securities may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Securities notice of any continuing
Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or premium, if any) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal
amount of the then outstanding Securities by notice to the Trustee may, on behalf of the Holders of all of the Securities, rescind an acceleration or waive any existing Default or Event of Default and its consequences under the Indenture except a
continuing Default or Event of Default in the payment of interest or premium on, or the principal of, the Securities. The Company is required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is
required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

(12)    TRUSTEE DEALINGS WITH COMPANY. The Trustee, in its individual or any other capacity,
may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

(13)    NO RECOURSE AGAINST OTHERS. A director, officer, employee, incorporator or
stockholder of the Company, as such, will not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by
accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Securities. 

(14)    AUTHENTICATION. This Security will not be valid until authenticated by the manual
signature of the Trustee or an authenticating agent. 
 (15)    ABBREVIATIONS. Customary
abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian),
and U/G/M/A (= Uniform Gifts to Minors Act). 

  
 A-7 

 (16)    CUSIP NUMBERS. Pursuant to a
recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP numbers to be printed on the Securities, and the Trustee may use CUSIP numbers in notices of redemption as a convenience to
Holders. No representation is made as to the accuracy of such numbers either as printed on the Securities or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

(17)    GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO
CONSTRUE THE INDENTURE, THIS SECURITY WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

(18)    THE INDENTURE PROVIDES EACH OF THE COMPANY, THE TRUSTEE AND EACH HOLDER, BY ITS ACCEPTANCE
OF A NOTE, IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THE INDENTURE OR THE TRANSACTIONS CONTEMPLATED THEREBY. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Owens Corning 
 One Owens Corning Parkway 

Toledo, OH 43659 
 Attention: Corporate Secretary 

  
 A-8 

 ASSIGNMENT FORM 

To assign this Security, fill in the form below: 

(1) or (we) assign and transfer this Security
to:                                        
                                         
                                         
                 
  

 
 (Insert assignee’s legal name)

  
  

(Insert assignee’s soc. sec. or tax I.D. no.) 
  

 
  

 
  

 
  

 
 (Print or type assignee’s name
and address and zip code) 
 and irrevocably
appoint                                        
                                         
                                         
                                         
                
  

 
 to transfer this Security on the books of the
Company. The agent may substitute another to act for him. 
 Date:
                                 

Your
Signature:                                       
                                         
  
 (Sign exactly as your name appears on the face of this Security)     

Signature
Guarantee*:                                       
            
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-9 

 Option of Holder to Elect Purchase 

If you want to elect to have this Security purchased by the Company pursuant to Section 2.11 of the Twelfth Supplemental Indenture, check
the box below: 
 ☐  Section 2.11 

If you want to elect to have only part of the Security purchased by the Company pursuant to Section 2.11 of the Twelfth Supplemental
Indenture, state the amount you elect to have purchased: 

$                       
          

Date:                         
  
 Your
Signature:                                       
                                         
  
 (Sign exactly as your name appears on the face of this Security)     

Tax Identification
No.:                                   

Signature
Guarantee*:                                       
    
  
  

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-10 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY 

The following exchanges of a part of this Registered Global Security for an interest in another Registered Global Security or for a definitive
Registered Security, or exchanges of a part of another Registered Global Security or definitive Registered Security for an interest in this Registered Global Security, have been made: 

 

									
	 Date of Exchange
	 	 Amount of decrease in
Principal Amount of

this Global Security
	 	 Amount of increase in
Principal Amount of

this Global Security
	  	 Principal Amount of

this Global Security
following such decrease
(or increase)
	  	 Signature of

authorized officer of

Trustee or Custodian

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

  
 A-11Exhibit
10.10

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

BY
AND AMONG

 

SURGE
HOLDINGS, INC., 

 

ECS
PREPAID, LLC, 

 

DENNIS
R. WINFREY, 

 

AND

 

PEGGY
S. WINFREY

 

Dated
as of January [  ], 2020

 

THIS
MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of January [  ], 2020
and effective as of October 1, 2019, by and among Surge Holdings, Inc., a Nevada corporation (the “Purchaser”),
ECS Prepaid, LLC, a Missouri limited liability company (the “Company”), Dennis R. Winfrey, an individual, and
Peggy S. Winfrey, an individual (together, the “Members” and, together with the Company, the “Seller
Parties”).

 

RECITALS

 

A.
The Members are the sole legal and beneficial owners of all of the Membership Interests as of the date of this Agreement.

 

B.
Subject to the terms and conditions set forth in this Agreement, the Purchaser desires to purchase from the Members, and the Members
desire to sell to the Purchaser, all of the Membership Interests owned by the Members free from any and all Liens.

 

NOW,
THEREFORE, in consideration of the mutual agreements, covenants and other premises set forth herein, the mutual benefits to be
gained by the performance thereof, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged and accepted, the parties hereby agree as follows:

 

ARTICLE
I

 

 DEFINITIONS

 

For
all purposes of this Agreement, the following terms shall have the following respective meanings:

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control
with such Person. For purposes of this Agreement, “control,” when used with respect to any specified Person, means
the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether through
ownership of voting securities or by Contract or otherwise, and the terms “controlling” and “controlled by”
have correlative meanings to the foregoing.

 

“Business
Day(s)” means each day that is not a Saturday, Sunday or other day on which the Purchaser is closed for business or
banking institutions located in Memphis, Tennessee are authorized or obligated by Law or executive order to close.

 

    	1

     

    

 

“Closing
Purchaser Stock Consideration” means four hundred fifty thousand (450,000) shares of Purchaser Common Stock to be issued
to the Suray Holdings LLC (an entity jointly controlled by Dennis R. Winfrey, Peggy S. Winfrey, and Derron Winfrey) at the Closing.

 

“Company
Representatives” means any of the officers, directors, managers, partners, independent contractors, consultants, advisors,
employees, members, agents, representatives or Affiliates of the Company.

 

“Contract”
means any mortgage, indenture, lease, contract, license, covenant, plan, insurance policy, purchase order (including any related
terms and conditions), work order or other agreement, instrument, arrangement, obligation, understanding or commitment, permit,
concession or franchise, whether oral or written and including any amendment, waiver or modification made thereto.

 

“Dollars”
or “$” means United States Dollars.

 

“GAAP”
means United States generally accepted accounting principles consistently applied.

 

“Governmental
Entity” means any federal, national, foreign, supranational, state, provincial, local or other government, governmental,
regulatory or administrative authority, agency or commission or any court, tribunal, or judicial or arbitral body of competent
jurisdiction.

 

“Indebtedness”
of any Person means, as of any specified date, the amount equal to the sum (without any double-counting) of the following obligations
(whether or not then due and payable), to the extent they are either obligations of such Person or its Subsidiary or guaranteed
by such Person or its Subsidiary, including through the grant of a security interest upon any assets of such Person or its Subsidiary:
(a) all outstanding indebtedness for borrowed money owed to third parties or Affiliates; (b) all obligations for the deferred
purchase price of property or services (including any potential future earn-out, purchase price adjustment, releases of “holdbacks”
or similar payments) (“Deferred Purchase Price”); (c) all obligations evidenced by notes, bonds, debentures
or other similar instruments (whether or not convertible) or arising under indentures; (d) all obligations arising out of any
financial hedging, swap or similar arrangements; (e) all obligations of such Person as a lessee that would be required to be capitalized
in accordance with GAAP; (f) all obligations in connection with any letter of credit, banker’s acceptance, guarantee, surety,
performance or appeal bond, or similar credit transaction; (g) any deferred revenues or prepayments ; (h) any unpaid Taxes of
the Company; (i) any payables or other amounts owed to any Affiliate of the Company; (j) any mortgage or other obligation secured
by a Lien; (k) all Liabilities for refunds to customers for payments received in error; and (l) the aggregate amount of all accrued
interest payable on such items under clauses (a) through (k) and prepayment premiums, penalties, breakage costs, “make whole
amounts,” costs, expenses and other payment obligations of such Person that would arise (whether or not then due and payable)
if all such items under clauses (a) through (k) were prepaid, extinguished, unwound and settled in full as of such specified date.
For purposes of determining the Deferred Purchase Price obligations as of a specified date, such obligations shall be deemed to
be the maximum amount of Deferred Purchase Price owing as of such specified date (whether or not then due and payable) or potentially
owing at a future date.

 

“IRS”
means the United States Internal Revenue Service.

 

“Knowledge”
or “Known” means, whether or not capitalized, with respect to the Company, the knowledge of Dennis R. Winfrey,
or Peggy S. Winfrey after a reasonable investigation and inquiry.

 

“Laws”
means all constitutions, laws (including common law), statutes, regulations, ordinances, codes, orders, decrees, judgments, writs,
injunctions, decisions, rules, standards, and rulings or any other pronouncements having the effect of law of the United States,
any foreign country or any domestic or foreign state, county, city or other political subdivision of any Governmental Entity.

 

“Liability”
or “Liabilities” means debts, liabilities, commitments, losses, deficiencies, duties, charges, claims, damages,
demands, costs, fees, Taxes, expenses and obligations (including guarantees, endorsements and other forms of credit support),
whether accrued or fixed, absolute or contingent, matured or unmatured, known or unknown, on- or off-balance sheet, including
those arising under any Contract, Law, statute, ordinance, regulation, rule, code, common law or other requirement or rule enacted
or promulgated by any Governmental Entity or any litigation, court action or proceeding, lawsuit, originating application to an
employment tribunal, or binding arbitration.

 

    	2

     

    

 

“Lien”
means any lien, pledge, charge, claim, mortgage, security interest, defect in title, preemptive right, vesting limitation, community
or marital property interest, right of first offer, notice, negotiation or refusal, transfer restriction of any kind or other
encumbrance of any sort.

 

“Loss”
means any claim, action, proceeding, loss, Liability, damage (excluding punitive damages except in the case of a third- party
claim), cost, interest, award, judgment, penalty, Tax, and expense, including reasonable attorneys’ and consultants’
fees and expenses and including any such reasonable out-of-pocket expenses incurred in connection with investigating, defending
against or settling any of the foregoing, in each case, whether arising from a third-party or a direct claim.

 

“Material
Adverse Effect” means any state of facts, condition, change, development, event or effect that, either alone or in combination
with any other state of facts, condition, change, development, event or effect, is, or would be reasonably likely to be, materially
adverse to the business, assets (whether tangible or intangible), Liabilities, condition (financial or otherwise), operations
or capitalization of the Company, when viewed on a short, medium or long term horizon, but in each case shall not include the
effect of facts, conditions, changes, developments, events or effects to the extent resulting from (a) conditions affecting the
industry in which the Company operate generally, (b) war, terrorism or hostilities, (c) any changes in general economic or business
conditions or the financial or securities markets generally, (d) any change in GAAP or applicable Laws (or interpretation thereof),
(e) any acts of God, or natural disasters or any worsening thereof or actions taken in response thereto, or national or international
political or social conditions, (f) any failure in and of itself (as distinguished from any fact, condition, change, development,
event or effect (other than as described in clauses (a) – (e) of this definition) giving rise to or contributing to such
failure) by the Company to meet any projections or forecasts for any period, and (g) taking or not taking any actions at the prior
written direction of the Purchaser; provided, that in the case of clauses (a), (b), (c), (d) and (e), such fact,
condition, change, development, event or effect does not have any disproportionate or unique material adverse effect on the Company.

 

“Membership
Interests” means all the authorized and outstanding membership interests and all other equity interests of the Company.

 

“Ongoing
Purchaser Stock Consideration” means twenty-two thousand five hundred(22,500) shares of Purchaser Common Stock to be
issued to the Dennis R. Winfrey Revocable Trust on the 15th day of each month until such time as the funds currently
held by Company in the bank accounts (as referenced in paragraph 2.1 (d)) are returned to Seller Parties, not to exceed 12 months
without written agreement among the necessary parties.

 

“Permit”
means all consents, licenses, permits, grants, agreements and authorizations required by any Governmental Entity to lawfully operate
the business of the Company (including any pending applications for such all consents, licenses, permits, grants, agreements and
authorizations).

 

“Permitted
Liens” means (a) Liens for Taxes (i) not yet due and payable or (ii) that are being contested in good faith by appropriate
procedures, (b) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen, and repairmen incurred
in the ordinary course of business consistent with past practice and not yet delinquent, and/or (c) zoning, building, or other
restrictions, variances, covenants, rights of way, encumbrances, and easements.

 

“Person”
means an individual or entity, including a partnership, a limited liability company, a corporation, an association, a joint stock
company, a trust, a cooperative, a foundation, a joint venture, an unincorporated organization, or a Governmental Entity (or any
department, agency, or political subdivision thereof).

 

“Purchaser
Common Stock” means Common Stock, par value $0.001 per share, of the Purchaser.

 

    	3

     

    

 

“Purchaser
Indemnified Parties” means the Purchaser, its Affiliates and its and their respective officers, directors, employees,
agents and representatives.

 

“Restricted
Shares” means all shares of Purchaser Common Stock issuable hereunder other than shares of Purchaser Common Stock (a)
the offer and sale of which have been registered under a registration statement pursuant to the Securities Act and sold thereunder,
(b) with respect to which a sale or other disposition may be made in reliance on and in accordance with Rule 144 (or any successor
provision) under the Securities Act, or (c) with respect to which the holder thereof shall have delivered to the Purchaser either
(i) an opinion of counsel in form and substance reasonably satisfactory to Purchaser, delivered by counsel reasonably satisfactory
to the Purchaser, or (ii) a “no action” letter from the SEC, in either case to the effect that subsequent transfers
of such shares of Purchaser Common Stock may be effected without registration under the Securities Act.

 

“SEC”
means the Securities and Exchange Commission.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder, as the same
may be amended from time to time.

 

“Subsidiary”
of any Person means any corporation, partnership, limited liability company, cooperative, association or other organization (including
any branch), whether incorporated or unincorporated, which is directly or indirectly controlled by such Person, whether through
ownership of securities or otherwise.

 

“Tax”
or “Taxes” means any and all U.S. federal, state, local and non-U.S. taxes, assessments and other governmental
charges, duties (including stamp duty), fees, impositions of any kind whatsoever including taxes based upon or measured by gross
receipts, income, profits, gains, sales, use and occupation, and value added, ad valorem, transfer, franchise, withholding, payroll,
recapture, environmental, employment, unclaimed property, escheat, excise and property taxes as well as public imposts, and social
security charges (including health, unemployment, workers’ compensation and pension insurance), together with all interest,
penalties, and additions imposed with respect to such amounts.

 

“Tax
Returns” means any return, declaration, report, statement, information statement or other document filed or required
to be filed with respect to Taxes, including any claims for refunds of Taxes, any information returns and any amendments, schedules
or supplements of any of the foregoing.

 

“Transaction
Expenses” means any Liabilities incurred by or on behalf of the Members or the Company (or any Affiliate thereof, if
required to be paid by the Company) in connection with the negotiation and execution of this Agreement (including all fees, costs
and expenses of any brokers, accountants, financial advisors, attorneys, consultants, auditors and other experts), the performance
of such Person’s and its Affiliates’ obligations hereunder and thereunder and the consummation of the Transactions
(including any fees and expenses associated with obtaining any terminations or amendments contemplated hereby, or any waivers,
consents or approvals of any Person), any Liabilities that may become due and payable by the Company or the Members as a result
of the Transactions (including all brokers’, finders’ or similar fees owed by any such Person in connection with the
Transactions) and any change of control payments, bonuses, severance, termination or retention obligations or similar amounts
payable by or due from the Company that are triggered by the Transactions, the employer portions of any payroll or employment
Taxes with respect to any such change of control payments, bonuses, severance, termination or retention obligations or similar
compensatory payments made by the Company to service providers in connection with the Transactions, any payments owed to the Members.

 

“Transactions”
means the Membership Interests Purchase and the other transactions contemplated hereby.

 

“Willful
Breach” means (a) a breach of a representation or warranty contained in Article III, Article IV,
or Article V of this Agreement that the breaching party knows is a misrepresentation of such representation or warranty
or (b) a breach of a covenant contained in this Agreement that the breaching party knows is a breach of such covenant.

 

    	4

     

    

 

Each
of the following terms is defined in the Section set forth opposite such term:

 

	Term	 	Section
	9.9%
    Threshold 	 	2.1(d)
    
	Agreement	 	Preamble
    
	Charter
    Documents 	 	3.1(a)
	Claims	 	6.4
    
	Closing
    	 	2.2
    
	Closing
    Date 	 	2.2(b)
    
	Company	 	Preamble
	Continuing
    Employees 	 	6.2f
    
	Disclosure
    Schedule 	 	Article
    III
	Excluded
    Claims 	 	6.4(b)
    
	Interested
    Party	 	3.12(iii)
	Issued
    Shares 	 	2.1(e)
	Material
    Contracts	 	3.11(b)
	Membership
    Interests Purchase 	 	2.1(a)
	Offered
    Employees	 	6.2
	Purchaser	 	Preamble
	Purchaser
    Closing Deliveries 	 	2.3(a)
    
	Releasor	 	6.4
	Seller
    Parties	 	Preamble
	Seller
    Party Closing Deliveries 	 	2.3(b)
	Springfield
    Property	 	3.10(b)
    
	Members	 	Preamble

 

    	5

     

    

 

ARTICLE
II

 

THE
MEMBERSHIP INTERESTS PURCHASE

 

2.1
Purchase and Sale.

 

(a)
Purchase and Sale of Membership Interests. Upon the terms and subject to the conditions of this Agreement, at the Closing,
the Members shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser will purchase and acquire from
the Members, all of the Members’ right, title and interest in and to all of the outstanding Membership Interests, free and
clear of any and all Liens (the “Membership Interests Purchase”), in exchange for the consideration specified
herein.

 

(b)
Payments at the Closing on Membership Interests. In full consideration for the transfer of the Membership Interests as
set forth in Section 2.1(a) simultaneously with the Closing, the Purchaser shall issue to Suray Holdings LLC the Closing
Purchaser Stock Consideration.

 

(c)
Ongoing Payments. Starting on January 15, 2020, the Purchaser shall issue to the Dennis R. Winfrey Revocable Trust the
Ongoing Purchaser Stock Consideration. The Ongoing Purchaser Stock Consideration shall be paid as a Collateral Fee for the funds
currently held by the Company bank account(s).

 

(d)
Legend on Stock Certificates. The certificates representing the shares of Purchaser Common Stock issuable pursuant to Section
2.1(b), shall include an endorsement typed or otherwise denoted conspicuously thereon of the following legend (along with
any other legends that may be required under applicable Laws):

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN ACQUIRED
FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO TRANSFER MAY BE EFFECTED WITHOUT
AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.”

 

In
the event that any shares of Purchaser Common Stock issuable hereunder shall cease to be Restricted Shares, the Purchaser shall,
upon the written request of shareholder in question, issue to such shareholder a new certificate representing such shares of Purchaser
Common Stock without the legend required by this Section 2.1(d).

 

(e)
Purchase Stock Consideration. In no event shall the aggregate number of shares of Purchaser Common Stock issued hereunder
(the “Issued Shares”) exceed a number of shares equal to 9.9% of the number of shares of Purchaser Common Stock
outstanding immediately prior to the Closing (the “9.9% Threshold”). In the event that the number of shares
of Purchaser Common Stock otherwise comprising the Issued Shares would exceed the 9.9% Threshold, the number of shares of Purchaser
Common Stock issued will be cut back to the 9.9% Threshold until such time as the Members holder less than the 9.9% Threshold.
Seller Parties will not, for the eighteen (18) calendar months following the date hereof, for the purpose of open market trades,
offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of shares of Purchaser Common Stock, directly
or indirectly, in an amount greater than five percent (5.0%) of the trading volume of the Common Stock during the previous month
on the OTCQX, OTCQB, or the OTC Pink marketplaces, Nasdaq, NYSE, or other trading market on which the Purchaser Common Stock is
then trading. Other than via open market trades, Seller Parties may not offer, pledge, sell, contract to sell, grant, lend, or
otherwise transfer or dispose of the Purchaser Common Stock without the prior written consent of the Purchaser. Purchaser’s
consent to a transfer or disposal of the Purchaser Common Stock by Seller Parties shall be specifically conditioned on the transferee
of the Purchaser Common Stock signing a Leak-Out Agreement with the Purchaser with substantially the same terms as this Section
2.1(e). 2.2 Closing. The closing of the Membership Interests Purchase (the “Closing”) shall take place
at such time and date as the parties hereto may agree in writing. The Closing shall take place remotely via the exchange of documents
and signature pages or at such location as the parties hereto agree. The date on which the Closing occurs is herein referred to
as the “Closing Date”.

 

    	6

     

    

 

2.3
Closing Deliveries.

 

(a)
Closing Deliveries of the Purchaser. In addition to the payments provided for in Section 2.1(c), at the Closing,
the Purchaser shall have delivered or caused to be delivered to the Members (collectively, the “Purchaser Closing Deliveries”):

 

(i)
a certificate, dated as of the Closing Date and executed on behalf of the Purchaser by an officer of the Purchaser, certifying
the resolutions of the Managers of the Purchaser approving, in accordance with the provisions of the Purchaser’s operating
agreement and applicable Law, this Agreement and the Transactions.

 

(b)
Closing Deliveries of the Seller Parties. At the Closing, the Seller Parties shall have delivered or caused to be delivered
to the Purchaser (collectively, the “Seller Party Closing Deliveries”):

 

(i)
an instrument of conveyance, in form and substance reasonably satisfactory to the Purchaser, evidencing the transfer of all uncertificated
Membership Interests endorsed by the Members for transfer to the Purchaser;

 

(ii)
an executed Manager Resignation Letter, effective as of the Closing, for each Manager of the Company (unless otherwise instructed
in writing by the Purchaser prior to the Closing);

 

(iii)
a certificate, dated as of the Closing Date and executed on behalf of the Company by its Managers, certifying: (A) a true and
complete copy of the Company’s operating agreement, including all amendments thereto; and (C) resolutions of the Managers
of the Company and the Members approving, in accordance with the provisions of such certificate of incorporation, such bylaws
and applicable Law, this Agreement and the Transactions; and

 

(iv)
certificates of good standing for the Company issued not earlier than three (3) Business Days prior to the Closing Date by the
Secretary of State of the State of Missouri.

 

ARTICLE
III

 

REPRESENTATIONS
AND WARRANTIES OF THE SELLER PARTIES

 

Each
Seller Party hereby jointly and severally represents and warrants to the Purchaser as of the date hereof and as of the Closing,
subject to such exceptions as are specifically disclosed in the disclosure schedule (referencing the appropriate section and subsection
numbers or disclosed in any other section or subsection of the disclosure schedule, subject to Section 10.13) supplied
by the Seller Parties to the Purchaser (the “Disclosure Schedule”) concurrently with the execution of this
Agreement:

 

3.1
Organization; Authority and Enforceability.

 

(a)
The Company is a limited liability company duly organized, validly existing and in good standing under the laws of the State of
Missouri and have the requisite corporate power and authority to own, lease and operate its assets and properties and to carry
on its business as currently conducted. The Company is duly qualified or licensed as a foreign corporation to do business, and
is in good standing, in each jurisdiction where the character or location of its assets or properties (whether owned, leased or
licensed) or the nature of its activities make such qualification or licensing necessary to the business of the Company as currently
conducted except where the failure to be so qualified or licensed, individually or in the aggregate, both (i) has not had and
would not reasonably be expected to have a Material Adverse Effect and (ii) has not had and would not be reasonably expected to
have a material adverse effect on the ability of the Company to perform its obligations under this Agreement or to consummate
the Transactions and would not materially impede or delay or be reasonably expected to materially impede or delay the consummation
of the Transactions. The Company has made available to the Purchaser a true and correct copy of its articles of organization and
operating agreement, as amended to date, each of which is in full force and effect on the date hereof (collectively, the “Charter
Documents”). The Managers of the Company has not approved or proposed any other amendments to the Charter Documents.
Section 3.1(a)(i) of the Disclosure Schedule lists the respective directors, managers, partners and officers of the Company.
Section 3.1(a)(ii) of the Disclosure Schedule lists, by legal entity, every state or foreign jurisdiction in which the
Company has employees or facilities or otherwise is required to register to conduct business since January 1, 2015. Section
3.1(a)(iii) of the Disclosure Schedule lists each predecessor entity of the Company and any other name under which the Company
has previously operated.

 

    	7

     

    

 

(b)
The Company has all requisite corporate power and authority to enter into this Agreement and to consummate the Transactions. The
execution, delivery and performance by the Company of this Agreement, and the consummation of the Transactions, have been duly
and validly authorized by all necessary corporate action on the part of the Company. This Agreement has been duly and validly
authorized, executed and delivered by the Company and the obligations of the Company hereunder are or will be, upon such execution
and delivery (and assuming due authorization, execution and delivery by the other parties hereto), valid, legally binding and
enforceable against the Company in accordance with its terms.

 

3.2
Capital Structure of the Company.

 

(a)
Section 3.2 of the Disclosure Schedule sets forth all of the Membership Interests in the Company together with each holder
thereof. All outstanding Membership Interests have been issued in compliance with all applicable federal, state, local or foreign
statutes, Laws, including federal securities Laws and any applicable state securities or “blue sky” Laws.

 

(b)
All of the issued and outstanding Membership Interests in the Company are duly authorized, validly issued, fully paid and non-assessable
and are free and clear of any Liens, preemptive rights, rights of first refusal or “put” or “call” rights
created by statute, the Charter Documents, or any agreement to which the Company is a party or by which they are bound. The Members
are the sole legal and beneficial owner of, and has good and marketable title, free and clear of all Liens, to, all of the outstanding
Membership Interests and such interest constitutes the entire interest of the Members in the issued and outstanding share capital
or voting securities of the Company and no other Person has any right, title or interest in or to the Membership Interests. There
are no warrants, calls, rights, convertible securities, commitments or agreements of any character, written or oral, to which
the Company is a party or by which the Company is bound obligating the Company to reduce its capital or issue, deliver, sell,
repurchase, cancel or redeem, or cause to be issued, delivered, sold, repurchased or redeemed, any Membership Interests or obligating
the Company to grant or otherwise amend or enter into any such warrant, call, right, commitment or agreement. The Company has
no outstanding options, restricted stock units, restricted shares, stock appreciation right, profit participation, “phantom
equity” or any other type of equity instrument or any plan or similar arrangement pursuant to which it has reserved Membership
Interests for issuance; the Company has never promised (in writing or otherwise) any such equity instrument to any Person. The
Company has never adopted, sponsored or maintained any stock option plan or any other plan or agreement providing for equity or
equity related compensation to any Person. There have been no (interim) dividends or other distributions with respect to any Membership
Interests, and there are no declared or accrued but unpaid (interim) dividends or other distributions with respect to any Membership
Interests. There are no outstanding bonds, debentures, notes or other obligations, granting its holder the right to vote on any
matters on which Members of the Company may vote (or which are convertible into or exercisable for securities having the right
to vote).

 

(c)
As a result of the Membership Interests Purchase, as of the Closing, the Purchaser will be the sole record and beneficial holder
of all issued and outstanding Membership Interests and all rights to acquire or receive any Membership Interests, whether or not
such Membership Interests are outstanding.

 

(d)
Except as contemplated hereby, there are no (i) voting trusts, proxies, or other agreements or understandings with respect to
the voting stock of the Company, or (ii) agreements to which the Company is a party relating to the registration, sale or transfer
(including agreements relating to rights of first refusal, co sale rights or “drag along” rights) of any Membership
Interests.

 

(e)
Section 3.2(e) of the Disclosure Schedule lists all of the former owners of the Membership Interests or other equity of
the Company, and the approximate date on which such Membership Interests or other equity was sold or otherwise disposed of by
such owners.

 

3.3
Subsidiaries. The Company does not have, and have never had, any Subsidiary. Except as set forth on Section 3.3
of the Disclosure Schedules, the Company does not control, directly or indirectly, or have (or has ever had) any direct or indirect
equity participation or similar interest in, or any obligations to acquire any equity securities of or make any contribution to
or debt or equity investment in, any Person.

 

    	8

     

    

 

3.4
No Conflict. The execution and delivery by the Company of this Agreement, and the consummation of the and Membership Interests
Purchase or any other Transactions, will not conflict with or result in any violation of or default under (with or without notice
or lapse of time, or both), or give rise to a right of notice or termination, cancellation, modification or acceleration of any
right or obligation or loss of any benefit under, or require any consent, approval or waiver from any Person pursuant to, or result
in the creation of any Lien upon the Membership Interests pursuant to, (a) any provision of the Charter Documents, (b) any Contract
to which the Company is a party or by which any of the Company’s properties or assets may be bound, or (c) any Laws applicable
to the Company or any of its properties or assets (whether tangible or intangible). Section 3.4of the Disclosure Schedule
sets forth all necessary consents, waivers and approvals of parties to any Contracts to which the Company is a party or by which
the Company’s properties or assets may be bound as are required thereunder in connection with the Transactions, or for any
such Contract to remain in full force and effect without limitation, modification or alteration after the Closing so as to preserve
all rights of, and benefits to, the Company under such Contracts from and after the Closing. Following the Closing, the Company
will continue to be permitted to exercise all of its rights under the Contracts without the payment of any additional amounts
or consideration other than ongoing fees, royalties or payments which the Company would otherwise be required to pay pursuant
to the terms of such Contracts had the Transactions not occurred.

 

3.5
Governmental Consents and Approvals. No consent, notice, waiver, approval, order or authorization of, or registration,
declaration or filing with any Governmental Entity is required by, or with respect to, the Company in connection with the execution
and delivery of this Agreement or the consummation of the and Membership Interests Purchase and the other Transactions, except
for such consents, notices, waivers, approvals, orders, authorizations, registrations, declarations and filings as may be required
under applicable securities Laws.

 

3.6
No Undisclosed Liabilities, No Material Adverse Effect; Ordinary Course.

 

(a)
The Company has no Liabilities of any type, whether or not accrued, absolute, contingent, matured, unmatured, known or unknown,
on- or off-balance sheet.

 

(b)
Since September 30, 2019, there has not occurred any Material Adverse Effect.

 

3.7
Accounts Receivable; Accounts Payable.

 

(a)
All of the accounts receivable, whether billed or unbilled, of the Company arose in the ordinary course of business, are carried
at values determined in accordance with GAAP consistently applied, are not subject to any valid set-off or counterclaim, do not
represent obligations for goods sold on consignment, on approval or on a sale-or-return basis or subject to any other repurchase
or return arrangement and, to the Knowledge of the Company, are collectible (which receivables are recorded in accordance with
GAAP consistently applied). No Person has any Lien other than a Permitted Lien on any accounts receivable of the Company and no
agreement for deduction or discount has been made with respect to any accounts receivable of the Company other than in the ordinary
course of business.

 

(b)
All accounts payable and notes payable of the Company arose in bona fide arm’s length transactions in the ordinary course
of business and no such account payable or note payable is delinquent by more than thirty (30) days in its payment. Since September
30, 2019, the Company has paid its accounts payable in the ordinary course of business and in a manner consistent with its past
practices, and the Company has not materially delayed any such payments.

 

3.8
Tax Matters.

 

(a)
The Company has (i) prepared and timely filed all Tax Returns required to be filed by the Company and all such Tax Returns are
true and correct in all material respects and have been completed in accordance with applicable Law, and (ii) timely paid all
Taxes that were due and payable (whether or not shown on a Tax Return).

 

(b)
The Company has paid or withheld with respect to its employees, Members and other third parties, all U.S. federal, state and non-U.S.
income Taxes and social security charges and similar fees, Federal Insurance Contribution Act taxes, Federal Unemployment Tax
Act taxes and other Taxes required to be paid or withheld, and has timely paid over any such Taxes to the appropriate authorities.

 

    	9

     

    

 

(c)
There is no Tax deficiency outstanding, assessed or proposed in writing against the Company, nor has the Company executed any
waiver of any statute of limitations on or extending the period for the assessment or collection of any Tax, which waiver or extension
is still in effect.

 

(d)
No audit or other examination of any Tax Return of the Company is presently in progress, nor has the Company been notified in
writing of any request for such an audit or other examination, and to the Knowledge of the Company, no such action or proceeding
is being contemplated. No adjustment relating to any Tax Return filed by the Company has been proposed in writing by any Tax authority,
which adjustment has not been resolved. There are no matters relating to Taxes under discussion between any Tax authority and
the Company

 

(e)
The Company has delivered to the Purchaser or made available to the Purchaser, copies of all income and other material Tax Returns
for the Company filed for all periods since and including the taxable period ended December 31, 2016.

 

(f)
No claim has ever been made by a Tax authority in a jurisdiction where the Company does not file Tax Returns that it is or may
be subject to taxation by that jurisdiction.

 

(g)
There are no Liens on the assets of the Company relating or attributable to Taxes other than clause (a) of the definition of Permitted
Liens.

 

(h)
The Company will not be required to include any item of income in, or exclude any item of deduction from, taxable income for any
taxable period (or portion thereof) ending after the Closing Date as a result of (i) any installment sale or open transaction
disposition made prior to the Closing Date, (ii) any prepaid amount or deferred revenue received or accrued prior to the Closing
Date, or (iii) the use of an improper method of accounting for a taxable period ending on or prior to the Closing Date.

 

(i)
The Company is not subject to any private letter ruling or closing agreement of the IRS or comparable rulings of any other Governmental
Entity. There is no power of attorney given by or binding upon the Company with respect to Taxes for any period for which the
statute of limitations (including any waivers or extensions) has not yet expired that is currently in effect.

 

(j)
The Company has not been and are not subject to Tax in a country other than its country of organization by virtue of having a
place of business, a permanent establishment or branch in any country outside the country of its organization.

 

(k)
The Company (and any predecessors of the Company or any entity merged or liquidated into the Company) has been classified as a
partnership or as a disregarded entity at all times since its inception and the corresponding provisions of the income tax Laws
of the states and local jurisdictions in which the Company has and are required to file Tax Returns, and the Company has filed
all forms and taken all actions necessary to maintain such status and will be a partnership or as a disregarded entity as of the
Closing. The Company has, and at all times has had, only one class of equity securities (other than with respect to any differences
in voting rights) and does not have any outstanding options, contracts or other arrangements that would constitute a second class
of equity securities.

 

(l)
Other than the Purchaser Stock Consideration issued in connection with this Agreement and the Purchaser Common Stock issued in
connection with that certain Stock Purchase Agreement, of even date with this Agreement, by and among the Purchaser, Electronic
Check Services, Inc., a Missouri corporation, Central States Legal Services, Inc., a Missouri corporation, and the Members, no
Seller Party directly or indirectly owns any shares of capital stock of the Purchaser.

 

3.9
Restrictions on Business Activities. Except as set forth on Section 3.9 of the Disclosure Schedule, there is no
Contract (non- competition or otherwise), commitment, judgment, injunction, order or decree to which the Company is a party or
otherwise binding upon the Company which has or may reasonably be expected to have the effect of prohibiting or impairing any
business practice of the Company, any acquisition of property and assets (including tangible and intangible property and assets)
by the Company, the conduct of business by the Company, or otherwise limiting the freedom of the Company to engage in any line
of business or to compete with any Person.

 

    	10

     

    

 

3.10
Title to Real and Personal Properties; Absence of Liens.

 

(a)
The Company does not own any real property, nor has the Company ever owned any real property.

 

(b)
The Company is a party to a lease with Peggy S. Winfrey for the Company’s use of the premises at 1615 S Ingram Mill Rd,
Ste. B, Springfield MO 65804 (the “Springfield Property”). Other than the Springfield Property, the Company
has not entered into, nor are bound by, any lease, lease guaranty, sublease, agreement for the leasing, tenancy, license, other
use or occupancy of, or otherwise granting a right in or relating to any real property nor is any Person in the course of acquiring
any such rights or interests.

 

(c)
The Company has good and valid title to, ownership of, or, in the case of leased properties and assets, valid leasehold interests
in, all of its tangible properties and assets, real, personal and mixed, used or held for use in or necessary for the conduct
of the business of the Company as currently conducted, free and clear of any Liens, except for Permitted Liens.

 

(d)
The lease to the Springfield Property is valid and in full force and effect, and the Company has neither received nor provided
any written or oral notice of any default or event that with notice of lapse of time, or both, would constitute a default by the
Company or any other party thereto under any of the real property leases identified in the Disclosure Schedule. The Company has
timely and fully performed all covenants and obligations under the property leases identified in the Disclosure Schedule. The
Company has no existing offsets, defenses, counterclaims, or credits against rentals under any provision of the real property
leases identified in the Disclosure Schedule, other than any security deposit.

 

(e)
Except as set forth in Section 3.10(f) of the Disclosure Schedule, the Company has not previously assigned, transferred,
or conveyed all or any part of its right, title, or interest under any of the real property leases identified in the Disclosure
Schedule to any other Person.

 

(f)
The property and assets of the Company constitute all of the properties and assets (whether real, personal or mixed and whether
tangible or intangible) necessary and sufficient to permit to conduct the business of the Company immediately after the Closing
in the ordinary course of business consistent with past practice.

 

(g)
To the Knowledge of Company, there is no action or proceeding pending or threatened relating to the real property identified in
the Disclosure Schedule.

 

3.11
Material Contracts.

 

(a)
Except as set forth in Section 3.11 of the Disclosure Schedule (specifying the appropriate paragraph), the Company is not
parties to, and has no obligations, rights or benefits under:

 

(i)
any Contract that restricts or purports to restrict the ability of the Company or any of their Affiliates (including, after the
Closing Date, the Purchaser or any of their Affiliates) to (A) conduct or compete with any line of business or operations or in
any geographic area or during any period of time, (B) solicit or engage any customer, vendor or service provider, or (C) beneficially
own any assets, properties or rights, anywhere at any time;

 

(ii)
(A) any employment, independent contractor or consulting Contract with any officer of the Company or any other employee, independent
contractor or consultant that provides for annual, aggregate compensation in excess of $150,000 per year, and (B) any employment,
independent contractor or consulting Contract with any employee consultant or independent contractor that provides for any severance
or termination pay (in cash or otherwise) or retention or change in control compensation or benefits to any employee, consultant
or contractor;

 

(iii)
any Contract for employment, consulting or independent contractor services that is not cancelable by the Company without penalty
with not less than thirty (30) days’ notice;

 

(iv)
any Contract with any professional employer organization or similar entity or Person pursuant to which such entity or Person performs
or provides the Company with employment, employer and/or human resources-related services (or similar administrative services)
in regard to employees working for the Company;

 

(v)
any Contract for Indebtedness and any Contract pursuant to which any assets or property are subject to a Lien, other than Permitted
Liens;

 

    	11

     

    

 

(vi)
any lease of personal property or other Contract affecting the ownership of, leasing of, or other interest in, any personal property;

 

(vii)
any surety or guarantee agreement or other similar undertaking with respect to contractual performance;

 

(viii)
any Contract relating to capital expenditures and involving payments by the Company other than in the ordinary course of business
in excess of $50,000 individually or $100,000 in the aggregate per vendor;

 

(ix)
any Contract relating to the disposition or acquisition of material assets or any interest in any business enterprise outside
the ordinary course of business;

 

(x)
any dealer, distribution, joint marketing, joint venture, partnership, strategic alliance, Affiliate or development agreement
or outsourcing arrangement;

 

(xi)
any Contract that contains a right of first refusal, first offer, first negotiation, take or pay, exclusivity, minimum purchase
commitments, or “most favored nation” provision in favor of any Person;

 

(xii)
any Contract providing for the settlement of any suit, claim, action, litigation, administrative charge, arbitration, proceeding
(including any civil, criminal, administrative, investigative or appellate proceeding), hearing, audit, examination or investigation
commenced, brought, conducted or heard by or before, or otherwise involving, any Governmental Entity, governmental authority or
arbitrator;

 

(xiii)
any nondisclosure or confidentiality Contract (except such Contracts with substantially similar terms to those in the Company’s
standard form of non-disclosure agreement provided to the Purchaser prior to the date hereof);

 

(xiv)
all Contracts with any Governmental Entity;

 

(xv)
all Contracts under which the Company has advanced or loaned any amount to any of its directors, managers, officers, or employees;
or

 

(xx)
any other Contract that requires payments by the Company in excess of $50,000 which is not cancelable by the Company without penalty
within thirty (30) days.

 

(b)
True and complete copies of each Contract disclosed in the Disclosure Schedule or required to be disclosed pursuant to this Section
3.11 (each, a “Material Contract” and collectively, the “Material Contracts”) have been
made available to the Purchaser.

 

(c)
Each Material Contract to which the Company is a party or any of its properties or assets (whether tangible or intangible) is
subject is a valid and binding agreement enforceable against the Company in accordance with its terms, and is in full force and
effect with respect to the Company and, to the Knowledge of the Company, any other party thereto subject to (i) laws of general
application relating to bankruptcy, insolvency and the relief of debtors, and (ii) rules of law governing specific performance,
injunctive relief and other equitable remedies. The Company is in material compliance with and has not materially breached, violated
or defaulted under, or received notice that it has materially breached, violated or defaulted under, any of the terms or conditions
of any Material Contract, nor to the Knowledge of the Company is any party obligated to the Company pursuant to any Material Contract
subject to any material breach, violation or default thereunder, nor do the Company has Knowledge of any presently existing facts
or circumstances that, with the lapse of time, giving of notice, or both would constitute such a material breach, violation or
default by the Company or any such other party, except as set forth on Section 3.11(c) of the Disclosure Schedule.

 

(d)
The Company has performed all material obligations required to have been performed by the Company pursuant to each Material Contract.

 

3.12
Interested Party Transactions.

 

(a)
Except as set forth on Section 3.12(a) of the Disclosure Schedule, no (i) equityholder, officer, manager, partner or director
of the Company, (ii) Affiliate or immediate family member of any such Person listed in (i), or (iii) Person that any Person listed
in (i) or (ii) has or has had an equity or other ownership or financial interest (each, an “Interested Party”),
has or has had in the prior three (3) years, directly or indirectly, (A) any interest in property (including real and personal
property) or assets (including tangible and intangible assets) used or held for use in the business of the Company, (B) any Person
that furnished or sold, or furnishes or sells, services, products, or technology that the Company furnishes or sells, or proposes
to furnish or sell, (C) any interest in any Person that purchases from or sells or furnishes to the Company any services, products
or technology, or (D) any interest in, or is a party to, any Contract or has any right or claim against the Company or any of
its assets.

 

    	12

     

    

 

(b)
All transactions pursuant to which any Interested Party has purchased any material services, products, or technology from, or
sold or furnished any services, products or technology to, the Company that were entered into have been on an arms’ length
basis on terms no less favorable to the Company than would be available from an unaffiliated party.

 

3.13
Permits. The Company possesses and has possessed all Permits required for the operation of its business, and is, and in
the last three (3) years has been, in compliance in all material respects with the terms and conditions of all such Permits. All
such Permits are listed on Section 3.13 of the Disclosure Schedule. All such Permits are valid and full force and effect
and such Permits constitute all Permits required to permit the Company to operate or conduct its business or hold any interest
in its properties, rights or assets. The consummation of the and the Membership Interests Purchase shall not cause the revocation,
modification or cancellation of any such Permit, and no additional Permit is required in connection therewith or for the ability
of the Company to maintain its business and operations immediately following such consummation.

 

3.14
Brokers’ and Finders’ Fees. None of the Seller Parties has incurred, nor will incur, directly or indirectly,
any Liability for brokerage or finders’ fees or agents’ commissions, fees related to investment banking or similar
advisory services or any similar charges in connection with this Agreement or the Transaction, nor will the Purchaser, nor any
of the Seller Parties incur, directly or indirectly, any such Liability based on arrangements made by or on behalf of the Company
or the Members.

 

3.15
Employment.

 

(a)
None of the employment policies or practices of the Company is currently being, or at any time during the past three (3) years
has been, audited or, to the Knowledge of the Company, investigated, by any Governmental Entity, and to the Knowledge of the Company,
none of the employment policies or practices of the Company is currently subject to imminent audit or investigation by any Governmental
Entity. The Company and the officers of the Company is not currently, and within the last three (3) years have not been, subject
to any order, decree, injunction, fine, penalty or judgment by any Governmental Entity or private settlement contract in respect
of any labor or employment matters.

 

(b)
The Company is not currently, and during the past three (3) years has not been, a party to any collective bargaining agreements;
and there are no labor unions or other organizations representing, or, to the Knowledge of the Company, purporting or attempting
to represent, any employee of the Company, and the Company has no duty to bargain with any such union or organization with respect
to wages, hours or other terms and conditions of employment of any of their employees.

 

(c)
Section 3.15(c) of the Disclosure Schedule contains a complete and accurate list of the current employees of the Company
and shows with respect to each such employee as of the date hereof (unless otherwise specified) (i) the employee’s position
held, and principal place of employment, (ii) base salary or hourly wage rate, as applicable, (iii) annual commission opportunity,
(iv) bonus eligibility for the current year (and bonus paid for the prior year), (v) each employee’s designation as either
exempt or non-exempt for wage and hour purposes, (vi) all other remuneration payable (including applicable rates) and other benefits
provided or which the Company is bound to provide (whether at present or in the future) to each such employee, or any Person connected
with any such employee, and includes, if any, particulars of all profit sharing, incentive and bonus arrangements to which the
Company is a party, (vii) the date of hire, (viii) vacation and other paid time off eligibility for the current calendar year
(including current balance of accrued unused vacation or other paid time off, and current accrual rate as of October 31, 2019),
and (ix) leave status (including type of leave, and expected return date, if known).

 

(d)
There is no officer, Key Employee, employee that is material to the business, or group of employees of the Company who have indicated
an intention to terminate his, her, or their employment or engagement with the Company as of the date hereof, and in the past
three (3) months from the date hereof, the employment of no officer or employee that is material to the business of the Company
has been terminated for any reason.

 

    	13

     

    

 

3.16
Compliance with Laws. The Company is conducting, and have conducted in the last three (3) years, its business in compliance
in all material respects with all Laws, other legal restraints (whether temporary, preliminary or permanent) applicable to the
Company. Since its inception, the Company has not (a) been in violation of any Laws or other legal restraints (whether temporary,
preliminary or permanent) applicable to the Company in any material respect or (b) received written notice of violation of any
such foreign, federal, state or local laws, statutes, rules, regulations, executive orders, decrees, injunctions, orders or other
legal restraints (whether temporary, preliminary or permanent) applicable to the Company that remains uncured.

 

3.17
Bank Accounts. Section 3.18 of the Disclosure Schedule lists the names, account numbers, authorized signatories
and locations of all banks and other financial institutions at which the Company has an account or safe deposit box and the name
of each Person authorized to draft on or have access to any such account or safe deposit box. The bank accounts shall be immediately
be amended to include additional signatories as appointed by Purchaser (“Purchaser Signatories”). Further, at no time
shall any outgoing transactions in an amount more than $5,000.00 or outside of the ordinary course business be initiated without
the additional signature of one of the Purchaser Signatories.

 

3.18
No Other Representation and Warranties. Except for the representations and warranties contained in this Article III
and/or Article IV, none of the Company, the Members, nor any representative thereof has made or makes any other express
or implied representation or warranty, either written or oral, on behalf of the Company, or any representation or warranty arising
from statute or otherwise at law with respect to the Company. The Seller Parties acknowledge that except for the representations
and warranties contained in Article V, neither the Purchaser nor any representative thereof has made or makes any other
express or implied representation or warranty, either written or oral, on behalf of the Purchaser, or any representation or warranty
arising from statute or otherwise at law with respect to the Purchaser.

 

ARTICLE
IV

 

REPRESENTATIONS
AND WARRANTIES OF THE MEMBERS

 

The
Members, on behalf of themselves, hereby represent and warrant to the Purchaser as of the date hereof and as of the Closing, subject
to such exceptions as are specifically disclosed in the Disclosure Schedule:

 

4.1
Power and Capacity; Enforceability. The Members possesses all requisite capacity necessary to enter into this Agreement
and to consummate the Transactions. This Agreement to which the Members are parties have been duly executed and delivered by the
Members and the obligations of the Members hereunder are or will be, upon such execution and delivery (and assuming the due authorization,
execution and delivery by the other parties hereto), valid, legally binding and enforceable against the Members in accordance
with their respective terms.

 

4.2
No Conflict.

 

(a)
The execution, delivery and performance by the Members of this Agreement, and the consummation of the and the Membership Interests
Purchase or any other Transactions will not conflict with or result in any violation of or default under (with or without notice
or lapse of time, or both), or give rise to a right of notice or termination, cancellation, modification or acceleration of any
right or obligation or loss of any benefit under, or require any consent, approval or waiver from any Person pursuant to, or result
in the creation of any Lien upon the Membership Interests pursuant to (i) any Contract or order to which the Members are subject
or (ii) any Laws applicable to the Members or the Members’ assets (whether tangible or intangible).

 

(b)
No consent, notice, waiver, approval, order or authorization of, or registration, declaration or filing with, any Governmental
Entity is required by, or with respect to, the Members in connection with the execution and delivery of this Agreement to which
the Members are a party, or the consummation of the and the Membership Interests Purchase and the other Transactions except for
such consents, notices, waivers, approvals, orders, authorizations, registrations, declarations and filings as may be required
under applicable securities Laws.

 

    	14

     

    

 

4.3
Title to Membership Interests. The Members own of record and beneficially all of the outstanding Membership Interests,
and has good and valid title to such Membership Interest, free and clear of all Liens and, at Closing, shall deliver to the Purchaser
good and valid title to such Membership Interest, free and clear of all Liens. The Members do not own, and do not have the right
to acquire, directly or indirectly, any other Membership Interest. The Members are not parties to any option, warrant, purchase
right, or other Contract or commitment that could require the Members to sell, transfer, or otherwise dispose of any Membership
Interest (other than this Agreement). The Members are not a party to any voting trust, proxy, or other agreement or understanding
with respect to the voting of any share capital of the Company.

 

4.4
Litigation. There is no action, suit, claim, litigation, investigation, arbitration, or proceeding of any nature pending,
or, to the knowledge of the Members, threatened, against the Members that seeks to restrain or enjoin the consummation of the
Transactions, nor, to the knowledge of the Members, are there any presently existing facts or circumstances that would constitute
a reasonable basis therefor. There are no outstanding governmental orders and no unsatisfied judgments, penalties or awards against
or affecting the Members or the Membership Interest.

 

4.5
Investment Purpose. The Members are acquiring the shares of Purchaser Common Stock issued hereunder solely for their own
accounts for investment purposes and not with a view to, or for offer or sale in connection with, any distribution thereof. The
Members understand and acknowledge that the Purchaser Common Stock is not being registered with the SEC under the Securities Act
but instead is being transferred under an exemption or exemptions from the registration and qualification requirements of the
Securities Act and other applicable securities laws which impose certain restrictions on the Members’ ability to transfer
the Purchaser Common Stock. The Members are able to bear the economic risk of holding the Purchaser Common Stock for an indefinite
period (including total loss of its investment), and has sufficient knowledge and experience in financial and business matters
so as to be capable of evaluating the merits and risk of its investment.

 

4.6
No Solicitation. At no time were the Members presented with or solicited by any publicly issued or circulated newspaper,
mail, radio, television or other form of general advertising or solicitation in connection with the offer, sale and purchase of
the Purchaser Common Stock by the Purchaser or its agents.

 

4.7
Accredited Investor. The Members are accredited investors as defined in Rule 501(a) of Regulation D promulgated under the
Securities Act.

 

4.8
Disclosure of Information. The Members have received or has had full access to all the information the Members consider
necessary or appropriate to make an informed investment decision with respect to the Purchaser Stock Consideration. The Members
further has had an opportunity to ask questions and receive answers from the Purchaser regarding the terms and conditions of the
offering of the Purchaser Stock Consideration and to obtain additional information (to the extent the Purchaser possessed such
information or could acquire it without unreasonable effort or expense) necessary to verify any information furnished to the Members
or to which the Members had access.

 

4.9
Understanding of Risks. The Members are fully aware of: (a) the highly speculative nature of the Purchaser Common Stock,
(b) the financial hazards involved, (c) the liquidity of the Purchaser Common Stock, (d) the qualifications and backgrounds of
the management of the Purchaser and (e) the tax consequences of acquiring the Purchaser Common Stock.

 

4.10
Qualifications. The Members have such knowledge and experience in financial and business matters that the Members are capable
of evaluating the merits and risks of this prospective investment, have the capacity to protect the Members’ own interests
in connection with this transaction, and is financially capable of bearing a total loss of the Purchaser Stock Consideration.

 

4.11
Rule 144. The Members acknowledge that, because the Purchaser Stock Consideration has not been registered under the Securities
Act, the Purchaser Stock Consideration must be held indefinitely unless subsequently registered under the Securities Act or unless
an exemption from such registration is available. The Members are aware of the provisions of Rule 144 promulgated under the Securities
Act.

 

    	15

     

    

 

4.12
No Other Representation and Warranties. Except for the representations and warranties contained in Article III and
this Article IV, neither the Members nor any representative thereof has made or makes any other express or implied representation
or warranty, either written or oral, on behalf of the Members, or any representation or warranty arising from statute or otherwise
at law with respect to the Members. The Members acknowledge that except for the representations and warranties contained in Article
V, neither the Purchaser nor any representative thereof has made or makes any other express or implied representation or warranty,
either written or oral, on behalf of the Purchaser, or any representation or warranty arising from statute or otherwise at law
with respect to the Purchaser.

 

ARTICLE
V

 

REPRESENTATIONS
AND WARRANTIES OF THE PURCHASER

 

The
Purchaser hereby represents and warrants to the Seller Parties as of the date hereof and as of the Closing:

 

5.1
Organization; Authority and Enforceability.

 

(a)
The Purchaser is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and
has the requisite corporate power and authority to own, lease and operate its assets and properties and to carry on its business
as it is now being conducted.

 

(b)
The Purchaser has all requisite corporate power and authority to enter into this Agreement and to consummate the Transactions.
The execution and delivery by the Purchaser of this Agreement and the consummation of the Transactions have been duly and validly
authorized by all necessary corporate action on the part of the Purchaser. This Agreement has been duly and validly authorized,
executed and delivered by the Purchaser and the obligations of the Purchaser hereunder are or will be, upon such execution and
delivery (and assuming due authorization, execution and delivery by the other parties hereto), valid, legally binding and enforceable
against the Purchaser in accordance with their respective terms.

 

5.2
No Conflict. The execution and delivery by the Purchaser of this Agreement to which the Purchaser is a party, and the consummation
of the and the Membership Interests Purchase or any other Transactions, will not conflict with or result in any violation or default
under (with or without notice or lapse of time, or both), or give rise to a right of notice or termination, cancellation, modification
or acceleration of any right or obligation or loss of any benefit under (a) any provision of any organizational documents of the
Purchaser, (b) any Contract to which the Purchaser is a party or by which any of the Purchaser’s properties or assets may
be bound, or (c) Laws applicable to the Purchaser or any of its properties or assets (whether tangible or intangible).

 

5.3
Consents. No consent, notice, waiver, approval, order or authorization of, or registration, declaration or filing with,
any Governmental Entity is required by, or with respect to, the Purchaser in connection with the execution and delivery of this
Agreement to which the Purchaser is a party or the consummation of the and the Membership Interests Purchase and the other Transactions,
except for such consents, notices, waivers, approvals, orders, authorizations, registrations, declarations and filings as may
be required under applicable securities Laws.

 

5.4
Valid Issuance of Purchaser Common Stock. The shares of Purchaser Common Stock to be issued pursuant to this Agreement
will, when issued, be duly authorized, validly issued, fully paid and non-assessable and issued in compliance with federal and
state securities Laws.

 

5.5
Brokers. No broker, finder or investment banker is entitled to any brokerage, finder’s or other fee or commission
in connection with the Transactions based upon arrangements made by or on behalf of the Purchaser.

 

5.6
No Other Representation and Warranties. Except for the representations and warranties contained in this Article V,
neither the Purchaser nor any representative thereof has made or makes any other express or implied representation or warranty,
either written or oral, on behalf of the Purchaser, or any representation or warranty arising from statute or otherwise at law
with respect to the Purchaser. The Purchaser acknowledges that except for the representations and warranties contained in Article
III and Article IV, none of the Company, the Members, nor representative thereof has made or makes any other express
or implied representation or warranty, either written or oral, on behalf of the Company or the Members, or any representation
or warranty arising from statute or otherwise at law with respect to the Company or the Members.

 

    	16

     

    

 

ARTICLE
VI

 

COVENANTS

 

6.1
Public Disclosure. Except as expressly provided for herein, the Seller Parties shall not (and shall not authorize any Company
Representative to), directly or indirectly, issue or make any statement or communication to any third party (other than their
respective legal, accounting and financial advisors that are bound by confidentiality restrictions) regarding the existence or
subject matter of this Agreement or the Transactions (including any claim or dispute arising out of or related to this Agreement,
or the interpretation, making, performance, breach or termination hereof and the reasons therefor) without the consent of the
Purchaser or as expressly provided for herein.

 

6.2
Continuing Employees. All employees and independent contractors of the Company (collectively, the “Offered Employees”),
will be offered continued employment on an at-will basis by or with the Purchaser or one of its Subsidiaries (including the Company).
The Offered Employees who accept employment with the with the Purchaser or one of its Subsidiaries (including the Company) shall
be referred to herein as “Continuing Employees.” Continuing Employees shall be eligible to participate in the
health, welfare and other benefit programs of the Company. Notwithstanding the foregoing, nothing contained in this Section
6.2 shall (i) be treated as an amendment of any particular employee benefit plan, program, policy, agreement or arrangement,
(ii) give any third party, including any Offered Employee, any Continuing Employee, any former employee of the Company or any
beneficiary representative thereof, any right to enforce the provisions of this Section 6.2 or (iii) operate to duplicate
any benefit provided to any Continuing Employee or the funding of any such benefit. Nothing contained in this Agreement (x) confers
(or is intended to confer) upon any Offered Employee, any Continuing Employee or any other Person any right to continued employment
after the Closing or (y) prevents (or is intended to prevent) the Purchaser or any of its Affiliates from amending, modifying
or terminating any employee benefit plan, program, policy, agreement or arrangement at any time.

 

6.3
Release. Effective for all purposes as of the Closing, the Members acknowledge and agree, on behalf of themselves and each
of their Affiliates, heirs, successors, assigns and agents (each, a “Releasor”), that the Members, on behalf
of themselves and the other Releasors, hereby irrevocably and unconditionally releases the Purchaser and its Affiliates (including
the Company), and their respective Affiliates, successors and assigns, present or former directors, officers, employees, and agents,
from any and all charges, complaints, claims, liabilities, obligations, promises, agreements, controversies, damages or causes
of action, suits, rights, demands, costs, losses, debts and expenses (including attorneys’ fees and costs incurred) of any
nature whatsoever, known or unknown, suspected or unsuspected, existing or prospective, relating to the Members’ investment
in, ownership of any securities in, any rights to proceeds upon the sale of, any rights or assets of, or employment by, the Company
(collectively, “Claims”); provided, however, that the foregoing release shall not cover Claims
(a) arising from rights of the Members under this Agreement or (b) for accrued wages payable in the ordinary course of business
in the current payroll cycle (collectively, “Excluded Claims”). Such released Claims include (except as otherwise
excluded as an Excluded Claim), to the maximum extent permitted by applicable Laws, any and all Claims: (i) relating to or arising
out of such employment, the end of such employment and/or the terms and conditions of such employment; (ii) of or for employment
discrimination, harassment or retaliation under any local, state or federal law or ordinance, including without limitation Title
VII or the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1991, as amended the Equal Pay Act of 1963, as amended,
or the Americans with Disabilities Act of 1990, as amended; (iii) under the Family and Medical Leave Act of 1993, as amended,
or under similar state or local law; (iv) under the federal Worker Adjustment Retraining and Notification Act or any similar state
or local law; (v) under the Employee Retirement Income Security Act of 1974, as amended (excluding claims for accrued, vested
benefits under any pension or welfare benefit plan, subject to the terms of the applicable plan and applicable Law); (vi) under
any other federal, state or local statute, law, rule or regulation of the applicable jurisdiction; (vii) for wages (excluding
accrued wages payable in the ordinary course of business in the current payroll cycle), bonuses, incentive compensation, stock,
options or other equity- based incentives, severance, vacation pay or any other compensation or benefits; (viii) under or for
violation of any public policy or Contract (express or implied); (ix) for any tort, or otherwise arising under common law; (x)
arising under any policies, practices or procedures of the Company; (xi) any and all Claims for wrongful or constructive discharge,
breach of Contract (express or implied), infliction of emotional distress, defamation; and (xii) any and all Claims for costs,
fees, or other expenses, including attorneys’ fees incurred in these matters. The Members represents and acknowledges that
they have read this release and understands its terms and has been given an opportunity to ask questions of the Company’s
representatives, and to consult with independent legal counsel of their own choosing. The Members further represents that in signing
this release they are not relying, and have not relied, on any representation or statement not set forth in this release made
by any representative of the Purchaser or anyone else with regard to the subject matter, basis or effect of this release or otherwise.
The Members hereby acknowledge and agree that neither the release provided hereunder nor the furnishing of the consideration for
the release given hereunder will be deemed or construed at any time to be an admission by any released party or Releasor of any
improper or unlawful conduct. The Members hereby irrevocably covenants to refrain from, directly or indirectly, asserting any
claim, or commencing, instituting or causing to be commenced, any action, proceeding, charge, complaint, or investigation of any
kind against any of the released parties, in any forum whatsoever (including any administrative agency), that is based upon any
claim purported to be released hereunder. Notwithstanding the foregoing or anything to the contrary in this release, it is understood
and agreed that the release given herein does not prohibit any Releasor from filing an administrative charge with the Equal Employment
Opportunity Commission or similar equal employment opportunity/anti-discrimination administrative agency (federal, state or local).
The Members, however, waive any right to monetary or other recovery in connection with any such charge and/or in the event any
such federal, state or local administrative agency pursues any claims on the Members’ behalf or otherwise in connection
with any such charge or relating to the Members’ employment with the Company or any successor or assign. This release may
be pleaded by any released party as a full and complete defense regarding any matter purported to be released hereby and may be
used as the basis for an injunction against any action at law or equity instituted or maintained against them regarding such matter
in violation of this Agreement. In the event any claim is brought or maintained by a Releasor against any released party in violation
of this Agreement, the Members shall be responsible for all costs and expenses, including reasonable attorneys’ fees, incurred
by the released parties in defending same. The Members expressly acknowledge that the release contained herein applies to all
Claims, regardless of whether such Claims are known or unknown, suspected or unsuspected, existing or prospective, and include
Claims which, if known by the releasing party, might materially affect its decision to enter into this Section 6.3 (other
than the Excluded Claims). The Members have considered and taken into account the possible existence of such Claims in determining
to execute and deliver this Agreement.

 

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6.4
Non-Competition/Non-Solicitation.

 

(a)
The Members, is their individual capacity or through any of their Affiliates shall not, directly or indirectly, for a period of
four (4) years after the Closing Date, engage (whether as owner, employee, operator, manager, consultant or otherwise) anywhere
in the world in any business that competes with the business of the Company, the Purchaser or any of their respective Affiliates.
Notwithstanding the foregoing, the Members and their Affiliates shall not be prohibited by this Section 6.5(a) from acquiring
or owning less than one percent (1%) of the outstanding voting power of any publicly traded company on a passive basis.

 

(b)
The Members and their Affiliates shall not, nor shall they permit any of their Affiliates to, directly or indirectly, for a period
of four (4) years after the Closing Date, (i) other than for the benefit of the Company or the Purchaser, solicit, call upon,
divert, take away, attempt to induce, or accept or conduct any business from or with, any customer, supplier, agent or distributor
of the Company, the Purchaser or any of their respective Affiliates, or cause any such customer, supplier, agent or distributor
to terminate or adversely affect or materially reduce their business relationship with the Company, the Purchaser or any of their
respective Affiliates, or (ii) contact, solicit or approach for the purpose of offering employment to, or hire (whether as an
employee, consultant, agent, independent contractor or otherwise), any employee employed or full-time consultant engaged by the
Purchaser or any of its Affiliates (including the Company) during the one (1) year period preceding such contact, solicitation
or approach (provided, that the foregoing clause shall not prohibit the Members or their Affiliates from making a general
solicitation not targeting any such employee or consultant).

 

    	18

     

    

 

(c)
The Members, for themselves and on behalf of their Affiliates, agree that the scope of the restrictive provisions set forth in
this Section 6.4 are reasonable with respect to subject matter, time and scope and that the provisions contained in this
Section 6.4 are a material inducement to the Purchaser’s entering into this Agreement and but for the provisions
contained in this Section 6.4, the Purchaser would not have entered into this Agreement. In the event that any court determines
that the subject matter, duration or geographic scope, or all of the foregoing, is unreasonable and that such provision is to
that extent unenforceable, the Purchaser and the Members, for itself or themselves and on behalf of each of their or its Affiliates,
agree that the provision shall remain in full force and effect for the greatest time period and for the broadest subject matter
and in the greatest area, as the case may be, that would not render it unenforceable. It is specifically understood and agreed
that any breach of the provisions of this Section 6.4 by the Members or any of their Affiliates will result in irreparable
injury to the Purchaser, that the remedy at law alone will be an inadequate remedy for such breach and that, in addition to any
other remedy it may have, the Purchaser shall be entitled to enforce the specific performance of this Section 6.4 by the
Members and their Affiliates through both temporary and permanent injunctive relief without the necessity of proving actual damages
and without posting a bond, but without limitation of the Purchaser’s right to damages and any and all other remedies available
to the Purchaser, it being understood that injunctive relief is in addition to, and not in lieu of, such other remedies. Should
the Members breach Section 6.4(a) or 6.4(b) above, the term of the restrictions set forth in Section 6.4(a)
or 6.4(b), as applicable, shall be tolled by the duration of such breach. For the avoidance of doubt, the parties hereto
acknowledge and agree that the restrictions set forth in this Section 6.4 are independent of and in addition to any restrictions
set forth in any Contract between the Purchaser or any of its Affiliates (including the Company), on the one hand, and the Members,
on the other hand (including the remainder of this Agreement). The Members acknowledge and agree that they have received, or are
receiving, substantial consideration in connection with the Transactions. No breach by Purchaser or any of its Affiliates of any
contractual or other obligations it or they have to the Members shall constitute a defense, or a limitation of, the enforcement
of this Section 6.4 against the Members. If the Members violate this Section 6.4, in addition to all other remedies
available to the Purchaser at law, in equity, and under contract, the Members agree that the Members shall pay the Purchaser’s
costs of enforcement of this Section 6.4, including reasonable attorneys’ fees and expenses.

 

ARTICLE
VII

 

TAX
MATTERS

 

7.1
Tax Returns.

 

(a)
Except as provided in Section 7.1(b), the Purchaser shall prepare and timely file, or shall cause to be prepared and timely
filed, all Tax Returns of the Company required to be filed after the Closing Date for taxable periods ending on or before the
Closing Date; provided, that with respect to any Tax Return for a taxable period ending on or prior to the Closing Date,
(i) such Tax Return shall be prepared in a manner consistent with past practice of the Company unless otherwise required by applicable
Law and (ii) if such Tax Return reflects a material amount of Tax for which the Seller Parties must indemnify the Purchaser, the
Purchaser shall provide such Tax Return to the Members for their review and comment at least thirty (30) days prior to the date
on which such Tax Return is to be filed (or as soon as is reasonably practicable) and Purchaser shall consider in good faith the
reasonable comments of the Members with respect to such Tax Return.

 

(b)
The Members shall prepare and timely file, or shall cause to be prepared and timely filed, all Tax Returns of the Company required
to be filed after the Closing Date for taxable periods ending on or before the Closing Date and that are income Tax Returns and
reflect items of income, loss, deduction or credit which the Members is required to report on their income Tax Returns; provided,
that with respect to any Tax Return for a taxable period ending on or prior to the Closing Date, (a) such Tax Return shall be
prepared in a manner consistent with the past practice of the Company unless otherwise required by applicable Law and (b) the
Members shall provide such Tax Return to the Purchaser for its review and comment at least thirty (30) days prior to the date
on which such Tax Return is to be filed (or as soon as is reasonably practicable) and Members shall consider in good faith the
reasonable comments of the Purchaser with respect to such Tax Return.

 

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7.2
Tax Cooperation. The Purchaser, the Company and the Members shall cooperate fully, as and to the extent reasonably requested
by the other parties hereto, in connection with the filing, preparation and review of Tax Returns, and any Tax audits, Tax proceedings
or other Tax-related claims (including claims under this Agreement). Such cooperation shall include providing records and information
that are reasonably relevant to any such matters and in their possession (or if not in their possession, if reasonably able to
obtain), making employees available on a mutually convenient basis to provide additional information, and explaining any materials
provided pursuant to this Section 7.2. The Purchaser, the Company and the Members shall not destroy or dispose of any Tax
workpapers, schedules or other materials and documents in their possession or under their control supporting Tax Returns of the
Company until the seventh (7th) anniversary of the Closing Date.

 

7.3
Transfer Taxes. All sales, use, transfer, value added, goods and services, gross receipts, excise, conveyance and documentary,
stamp, recording, registration, conveyance and similar Taxes incurred in connection with the Transactions pursuant to this Agreement,
including penalties and interest (“Transfer Taxes”) shall be borne fifty percent (50%) by the Purchaser and
fifty percent (50%) by the Members. The Purchaser shall timely file all necessary Tax Returns and other documentation with respect
to all such Transfer Taxes and the Members shall join in the execution of any such Tax Returns to the extent required by applicable
Law.

 

ARTICLE
VIII

 

SURVIVAL
OF REPRESENTATIONS AND WARRANTIES; INDEMNIFICATION

 

8.1
Survival of Representations and Warranties. The representations and warranties of the Company and/or the Members contained
in Article III and Article IV of this Agreement or the Certificates shall survive until the fifteen (15) month anniversary
of the Closing Date (the “Survival Date”); provided, that in the event of any fraud or Willful Breach
by a Seller Party with respect to the representations and warranties set forth in Article III, and the Members with respect
to the representations and warranties set forth in Article IV, such claim shall survive without limitation. The representations
and warranties of the Purchaser contained in Article V of this Agreement or in any certificate delivered pursuant to this
Agreement shall survive until the Survival Date; provided, that in the event of any fraud or Willful Breach by Purchaser
with respect to the representations and warranties set forth in Article V, such claim shall survive without limitation.
The covenants and indemnities (other than for breach of representation and warranties as provided for earlier in this Section
8.1) of a party hereunder shall survive until thirty (30) days following the expiration of the statute of limitations applicable
to the subject matter thereof (or such longer period as specified in the applicable covenant). If an Officer’s Certificate
asserting a claim for indemnification hereunder, (x) in the case of representations and warranties that survive until the Survival
Date, on or before the Survival Date, or (y)in the case of the covenants and indemnities (other than for breach of representation
and warranties as provided for in clause (x)), before the date on which such covenant or indemnity ceases to survive, then the
claims arising in connection with such Officer’s Certificate shall survive for the benefit of all Indemnified Parties beyond
the expiration of the applicable survival period for such representation, warranty, covenant or indemnity until such claims are
fully and finally resolved. The parties further acknowledge that the time periods set forth in this Section 8.1 for the
assertion of claims under this Agreement are the result of arms’ length negotiation among the parties and that they intend
for the time periods to be enforced as agreed by the parties.

 

8.2
Indemnification.

 

(a)
Subject to the provisions of this Article VIII, from and after the Closing, the Members agree to indemnify and hold harmless
the Purchaser Indemnified Parties, from and against, and shall compensate and reimburse the Purchaser Indemnified Parties for,
all Losses incurred or sustained by the Purchaser Indemnified Parties, or any of them, directly or indirectly, arising under,
in connection with or as a result of any of the following (the “Indemnifiable Matters”):

 

(i)
any breach (or an allegation that would amount to a breach in the case of a third party claim) of a representation or warranty
made by the Company and/or the Members in this Agreement or any Certificate;

 

(ii)
any failure (or an allegation that would amount to a failure in the case of a third party claim) by (A) the Company to perform
or comply with any covenant or agreement applicable to the Company contained in this Agreement and required to be performed or
complied with as of or prior to the Closing or (B) the Members to perform or comply with any covenant or agreement applicable
to the Members contained in this Agreement;

 

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(iii)
any fraud, or any Willful Breach of any provision of this Agreement or any Certificate, to the extent committed as of or prior
to the Closing, by a Seller Party or any authorized representative thereof;

 

(iv)
any claims or threatened claims by or purportedly on behalf of any holder or former holder of any Membership Interests, or in
respect of any rights to acquire the Membership Interests, any claims or threatened claims alleging violations of fiduciary duty,
or any claims or threatened claims by any Person claiming to have rights to any portion of the consideration payable hereunder;

 

(v)
any claims or threatened claims by or purportedly on behalf of any Person with respect to any transaction or agreement between
the Company and any Interested Party initiated or consummated as of or prior to the Closing (each, a “Related Party Transaction”),
including claims or threatened claims alleging violations of fiduciary duty;

 

(vi)
any Transaction Expenses or unpaid Indebtedness of the Company as of immediately prior to the Closing; and/or

 

(vii)
any Taxes owed for periods prior to the Closing.

 

(b)
Subject to the provisions of this Article VIII, from and after the Closing, the Purchaser agrees to indemnify and hold
harmless the Members, from and against, and shall compensate and reimburse the Members for, all Losses incurred or sustained by
the Members, directly or indirectly, arising under, in connection with or as a result of:

 

(i)
any breach (or an allegation that would amount to a breach in the case of a third party claim) of a representation or warranty
made by the Purchaser in Article V of this Agreement or any certificate delivered by the Purchaser to the Seller Parties
in connection with the Closing;

 

(ii)
any failure (or an allegation that would amount to a failure in the case of a third party claim) by the Purchaser to perform or
comply with any covenant or agreement applicable to the Purchaser contained in this Agreement; or

 

(iii)
any fraud, or any Willful Breach of any provision of this Agreement or any such certificate, to the extent committed as of or
prior to the Closing, by the Purchaser or any authorized representative thereof.

 

(c)
For the purpose of this Article VIII only, when determining any inaccuracy or breach of, and the amount of Losses suffered
by an Indemnified Party as a result of, any breach or inaccuracy of any representation or warranty set forth in this Agreement
that is qualified or limited in scope as to material, material adverse effect, Material Adverse Effect, or any other materiality
qualifications or limitations shall be deemed to be made or given without such qualification or limitation.

 

(d)
The Members shall not have any right of contribution, indemnification or right of advancement from the Purchaser or any of its
Affiliates with respect to any Loss claimed by a Purchaser Indemnified Party.

 

(e)
The Company and the Members have agreed that the Purchaser Indemnified Parties’ rights to indemnification, compensation
and reimbursement contained in this Article VIII relating to the representations, warranties, covenants, indemnities and
obligations of the Company and/or the Members are part of the basis of the bargain contemplated by this Agreement; and such representations,
warranties, covenants, indemnities and obligations, and the rights and remedies that may be exercised by the Purchaser Indemnified
Parties with respect thereto, shall not be waived, limited or otherwise affected by or as a result of (and the Purchaser Indemnified
Parties shall be deemed to have relied upon such representations, warranties, covenants or obligations notwithstanding) any knowledge
on the part of any of the Purchaser Indemnified Parties or any of their representatives (regardless of whether obtained through
any investigation by any Purchaser Indemnified Parties or any representative of any Purchaser Indemnified Parties or through disclosure
by the Company or any other Person, and regardless of whether such knowledge was obtained before or after the execution and delivery
of this Agreement) or by reason of the fact that a Purchaser Indemnified Party or any of its representatives knew or should have
known that any representation or warranty is or might be inaccurate or untrue. The Purchaser has agreed that the Members’
right to indemnification, compensation and reimbursement contained in this Article VIII relating to the representations,
warranties, covenants, indemnities and obligations of the Purchaser are part of the basis of the bargain contemplated by this
Agreement.

 

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(f)
This Article VIII shall constitute the exclusive remedy after the Closing for recovery of Losses by the Indemnified Parties
(x) as a result of breaches of the matters specified in Section 8.2(a), provided, that notwithstanding anything
herein to the contrary, nothing in this Agreement shall limit the rights or remedies of the Purchaser or any other Purchaser Indemnified
Party (i) in the case of fraud or Willful Breach (including pursuant to Section 8.2(a)(iii) or Section 8.2(b)(iii)),
(ii) Transaction Expenses or Indebtedness as described in Section 8.2(a)(vi), (iii) with respect to specific performance,
injunctive and other equitable relief, (iv) claims relating to Related Party Transactions, or (v) for breaches of any covenant
to be performed following the Closing, or (y) as a result of breaches of the matters specified in Section 8.2(b), provided,
that notwithstanding anything herein to the contrary, nothing in this Agreement shall limit the rights or remedies of the Members
(i) in the case of fraud or Willful Breach (including pursuant to Section 8.2(a)(iii) or Section 8.2(b)(iii)), (ii)
with respect to specific performance, injunctive and other equitable relief, or (iii) for breaches of any covenant to be performed
following the Closing. Without limiting the foregoing, the provisions of this Article VIII will not prevent or limit a
cause of action under Section 6.6 to obtain an injunction or injunctions to prevent breaches of covenants contained in
this Agreement.

 

8.3
Maximum Payments; Remedy.

 

(a)
The Purchaser Indemnified Parties, on the one hand, or the Members, on the other hand (each, an “Indemnified Party”),
shall not be entitled to any recovery resulting from Section 8.2(a)(i) or Section 8.2(b)(i), respectively, until
such time (if at all) as the total amount of all Losses that have been suffered or incurred by any one or more of such Indemnified
Parties with respect to such matters exceeds $50,000 in the aggregate; and in such event, the Purchaser Indemnified Parties or
the Members, as the case may be, shall, subject to the limitations set forth in the remaining subsections of this Section 8.3,
be entitled to be indemnified against and compensated and reimbursed to the extent all Losses from the first Dollar thereof; provided,
that the limitations set forth in this Section 8.3(a) shall not apply to any indemnification claims relating to any breach
(or an allegation that would amount to a breach in the case of a third party claim) of any representation or warranty that involves
fraud or Willful Breach (including pursuant to Section 8.2(a)(iii) or Section 8.2(b)(iii)).

 

(b)
The Purchaser Indemnified Parties’ right to indemnification pursuant to this Article VIII on account of any Losses
will be reduced by all insurance of the Company or other third party indemnification or contribution proceeds actually received
by the Company in respect of those Losses, net of applicable costs and expenses involved in seeking such recovery (including increases
in premiums relating thereto). The applicable Purchaser Indemnified Parties shall remit to the Members, for the benefit of the
Members, any such insurance or other third party proceeds that are paid to such Purchaser Indemnified Parties with respect to
such Losses for which such Purchaser Indemnified Parties have been previously indemnified pursuant to this Article VIII.

 

8.4
Claims for Indemnification; Resolution of Conflicts.

 

(a)
Making a Claim for Indemnification; Officer’s Certificate. The Members or a Purchaser Indemnified Party may seek
recovery of Losses pursuant to this Article VIII by delivering to the Purchaser or the Members, as applicable, an Officer’s
Certificate in respect of such claim. The date of such delivery of an Officer’s Certificate is referred to herein as the
“Claim Date” of such Officer’s Certificate (and the claims for indemnification contained therein). For
purposes hereof, “Officer’s Certificate” means a certificate signed by any authorized representative
of an Indemnified Party (or, in the case of an Indemnified Party who is an individual, signed by such individual) stating that
an Indemnified Party has paid, sustained, incurred, or accrued, or reasonably anticipates that it will have to pay, sustain, incur
or accrue Losses and including, to the extent reasonably practicable, a non- binding, preliminary estimate of the amounts of such
Losses; provided, that the Officer’s Certificate need only specify such information to the knowledge of such officer
or such Indemnified Party as of the Claim Date, shall not limit any of the rights or remedies of any Indemnified Party, and may
be updated and amended from time to time by the Indemnified Party by delivering an updated or amended Officer’s Certificate
to the Members or the Purchaser, as applicable.

 

(b)
Objecting to a Claim for Indemnification.

 

(i)
The Members or the Purchaser, as applicable, may object, in whole or in part, to a claim for indemnification set forth in an Officer’s
Certificate by delivering to the Indemnified Party seeking indemnification a written statement of objection to the claim made
in the Officer’s Certificate (an “Objection Notice”); provided, that, to be effective, such Objection
Notice must (A) be delivered to the Indemnified Party pursuant to Section 10.1 prior to 5:00 p.m. Memphis, Tennessee time
on the thirtieth (30th) day following the Claim Date of the Officer’s Certificate (such deadline, the “Objection
Deadline” for such Officer’s Certificate and the claims for indemnification contained therein) and (B) set forth
in reasonable detail the nature of the objections to the claim in respect of which the objection is made.

 

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(ii)
To the extent the Members or Purchaser, as applicable, does not object in writing (as provided in Section 8.4(b)(i)) to
the claims contained in an Officer’s Certificate prior to the Objection Deadline for such Officer’s Certificate, such
failure to so object shall be an irrevocable acknowledgment by the Members or the Purchaser, as applicable, that the Indemnified
Party is entitled to the full amount of the claims for Losses set forth in such Officer’s Certificate (and such entitlement
shall be conclusively and irrefutably established) with respect to the applicable Indemnifying Parties (any such claim, an “Unobjected
Claim”). Within thirty (30) days of a claim becoming an Unobjected Claim, the Indemnifying Parties shall make the applicable
payment to such Indemnified Party, subject to Sections 8.4(f) and 8.5.

 

(c)
Resolution of Conflicts. In case the Member or the Purchaser, as applicable, timely delivers an Objection Notice in accordance
with Section 8.4(c) hereof, the Member or the Purchaser, as applicable, and the applicable Indemnified Parties shall attempt
in good faith to agree upon the rights of the respective parties with respect to each of such claims. If the Member or the Purchaser,
as applicable, and the Indemnified Parties reach an agreement, a memorandum setting forth such agreement shall be prepared and
signed by all applicable parties (any claims covered by such an agreement, “Settled Claims”). Any amounts required
to be paid as a result of a Settled Claim shall be paid by the Indemnifying Party to the Indemnified Parties pursuant to the Settled
Claim within thirty (30) days of the applicable claim becoming a Settled Claim, subject to Sections 8.4(f) and 8.5.
If the Member or the Purchaser, as applicable, and the Indemnified Parties are unable to reach an agreement, the matter specified
in the Objection Notice shall be resolved pursuant to Section 10.8 (any claims resolved pursuant thereto, “Resolved
Claims”).

 

(d)
Payable and Unresolved Claims. A “Payable Claim” means a claim for indemnification of Losses under this
Article VIII, to the extent that such claim has not yet been satisfied, that is (i) a Resolved Claim, (ii) a Settled Claim,
or (iii) an Unobjected Claim. An “Unresolved Claim” means any claim for indemnification of Losses under this
Article VIII specified in any Officer’s Certificate delivered pursuant to Section 8.4(b), to the extent that
such claim is not a Payable Claim and has not been satisfied.

 

8.5
Third Party Claims. If the Purchaser becomes aware of a third party claim (a “Third Party Claim”) which
the Purchaser reasonably believes may result in a claim for indemnification by a Purchaser Indemnified Party pursuant to this
Article VIII, the Purchaser shall notify the Members promptly of such claim, and the Members shall be entitled, at their
expense, to participate in, but not to determine or conduct, the defense of such Third Party Claim. If there is a Third Party
Claim that, if adversely determined, would give rise to a right of recovery for Losses under the Agreement, then any amounts incurred
by the Purchaser Indemnified Parties in defense or settlement of such Third Party Claim, regardless of the outcome of such claim,
shall be deemed Losses under the Agreement. The Purchaser shall have the right in its sole discretion to conduct the defense of,
and to settle, any such claim and the Members shall not have a right of approval or consent with respect to any such Third Party
Claim; provided, that except with the consent of the Members (such consent not to be unreasonably withheld, conditioned
or delayed), no settlement of any such Third Party Claim with third party claimants shall be determinative of the amount of Losses
relating to such matter or otherwise admissible in any proceeding or used in any way to resolve any dispute with respect to the
amount of Losses.

 

If
the Members becomes aware of a third party claim (a “Company Third Party Claim”) which they reasonably believe
may result in a claim for indemnification by the Members pursuant to this Article VIII, the Members shall notify the Purchaser
promptly of such claim, and the Members shall be entitled, at his expense, to participate in, but not to determine or conduct,
the defense of such Company Third Party Claim. The Purchasers shall have the right in its sole discretion to conduct the defense
of, and to settle, any such claim and the Members shall not have a right of approval or consent with respect to any such Company
Third Party Claim; provided, that except with the consent of the Members (such consent not to be unreasonably withheld,
conditioned or delayed), no settlement of any such Company Third Party Claim with third party claimants shall be determinative
of the amount of Losses relating to such matter or otherwise admissible in any proceeding or used in any way to resolve any dispute
with respect to the amount of Losses.

 

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8.6
Limitation on Indemnities. The indemnities in this Article VIII shall be in full force and effect for a period of 7 years
from the date hereof for Indemnifiable Matters involving tax liabilities as a result of federal, state and local taxes, for a
period of 10 years from the date of execution of any written contracts entered into by the Company and for 15 months from the
date hereof on all other Indemnifiable Matters.

 

ARTICLE
IX

 

AMENDMENT
AND WAIVER

 

9.1
Amendment. This Agreement may not be amended, except by an instrument in writing signed by the parties hereto.

 

9.2
Extension; Waiver. Any party hereto may, to the extent legally allowed, (a) extend the time for the performance of any
of the obligations of any other party hereto, (b) waive any inaccuracies in the representations and warranties made to such party
contained herein or in any document delivered pursuant hereto, and (c) waive compliance with any of the covenants, agreements
or conditions for the benefit of such party contained herein. Any agreement on the part of a party hereto to any such extension
or waiver shall be valid only if set forth in an instrument in writing signed on behalf of such party. Any waiver of any term
or condition shall not be construed as a waiver of any subsequent breach or a subsequent waiver of the same term or condition,
or a waiver of any other term or condition of this Agreement. No delay or failure by any party to assert any of its rights or
remedies shall constitute a waiver of such rights or remedies.

 

ARTICLE
XI

 

GENERAL
PROVISIONS

 

10.1
Notices. All notices and other communications hereunder shall be in writing and shall be deemed delivered, given and received
(a) when delivered in person, (b) when transmitted by email or facsimile (with written confirmation of completed transmission),
(c) on the third (3rd) Business Day following the mailing thereof by certified or registered mail (return receipt requested) or
(d) when delivered by an express courier (with written confirmation of delivery) to the parties hereto at the following addresses
(or to such other address or facsimile number as such party may have specified in a written notice given to the other parties):

 

(a)
if to the Purchaser or, following the Closing, the Company, to:

 

Surge
Holdings, Inc.

3124
Brother Blvd, Suite 104

Bartlett,
TN 38133

Attention:
Kevin Brian Cox

 

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

 

Lucosky
Brookman LLP

101
Wood Avenue South, 5th Floor

Woodbridge, NJ 08830

Attention:
Joseph M. Lucosky, Esq.

 

(b)
if to the Members, to:

 

Mr.
Dennis R. Winfrey and Ms. Peggy S. Winfrey

1943
East Nottingham

Springfield,
MO 65804

 

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

 

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10.2
Expenses. Except as otherwise specified in this Agreement, all costs and expenses, including fees and disbursements of
counsel, financial advisors and accountants, incurred in connection with this Agreement and the Transactions shall be borne by
the party incurring such costs and expenses.

 

10.3
Interpretation . Unless a clear contrary intention appears: (a) the singular number shall include the plural, and 0ice
versa; (b) reference to any gender includes each other gender; (c) reference to any agreement, document or instrument means such
agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof;
(d) “include” and “including,” and variations thereof, shall not be deemed to be terms of limitation,
but rather shall be deemed to be followed by the words “without limitation”; (e) all references in this Agreement
to “Schedules,” “Sections,” “Annexes” and “Exhibits” are intended to refer to
Schedules, Sections, Annexes and Exhibits to this Agreement, except as otherwise indicated; (f) the table of contents and headings
in this Agreement are for convenience of reference only, shall not be deemed to be a part of this Agreement, and shall not be
referred to in connection with the construction or interpretation of this Agreement; (g) “or” is used in the inclusive
sense of “and/or”; (h) with respect to the determination of any period of time, “from” means “from
and including” and “to” means “to but excluding”; (i) “hereunder,” “hereof,”
“hereto,” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular
Article, Section or other provision hereof; and (j) “shall” and “will” shall have the same meaning hereunder.

 

10.4
Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the
same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered
to the other party, it being understood that all parties need not sign the same counterpart. Until and unless each party has received
a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement or other communication). Any signature page delivered
electronically or by facsimile (including transmission by Portable Document Format or other fixed image form) shall be binding
to the same extent as an original signature page.

 

10.5
Entire Agreement; Assignment. This Agreement, the exhibits and annexes hereto, the Disclosure Schedule, the other schedules
: (a) constitute the entire agreement among the parties with respect to the subject matter hereof and supersede all prior agreements
and understandings both written and oral (including any letter of intent, term sheet or related discussions), among the parties
with respect to the subject matter hereof, and (b) shall not be assigned by operation of law or otherwise, except that the Purchaser
may assign its rights and delegate its obligations hereunder (i) after the Closing, in connection with a sale of the Purchaser
or a sale of all or substantially all of its assets, (ii) to one or more of its Affiliates as long as the Purchaser remains ultimately
liable for all of the Purchaser’s obligations hereunder and (iii) to any lender of the Purchaser or its Affiliates as collateral
security.

 

10.6
Severability. If any provision of this Agreement or the application thereof, becomes or is declared by a court of competent
jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and
the application of such provision to other Persons or circumstances will be interpreted so as reasonably to effect the intent
of the parties hereto. The parties further agree to replace such void or unenforceable provision of this Agreement with a valid
and enforceable provision that will achieve, to the extent possible, the economic, business and other purposes of such void or
unenforceable provision.

 

10.7
Other Remedies. Except as otherwise set forth herein, any and all remedies herein expressly conferred upon a party will
be deemed cumulative with and not exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the
exercise by a party of any one remedy will not preclude the exercise of any other remedy. Without prejudice to remedies at law,
the parties shall be entitled to specific performance or other equitable relief, including injunctive relief, in the event of
a breach or threatened breach of this Agreement.

 

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10.8
Arbitration; Submission to Jurisdiction; Consent to Service of Process.

 

(a)
all disputes, claims, or controversies arising out of or relating to the Agreement, the Ancillary Agreements (other than as expressly
set forth therein) or any other agreement or document executed and delivered pursuant to the Agreement (other than as expressly
set forth therein) or the negotiation, breach, validity or performance hereof and thereof or the Transactions, including claims
of fraud and including as well the determination of the scope or applicability of this agreement to arbitrate, shall be resolved
solely and exclusively by binding arbitration administered by JAMS in Missouri, before a single arbitrator (the “Arbitrator”).
Except as modified in this Section, the arbitration shall be administered pursuant to JAMS’s Comprehensive Rules and Procedures.
The parties further agree that this arbitration shall apply equally to requests for temporary, preliminary or permanent injunctive
relief, except that in the case of temporary or preliminary injunctive relief any party may proceed in court without prior arbitration
for the purpose of avoiding immediate and irreparable harm or to enforce its rights under Section 6.3 or Section 6.4.

 

(b)
The parties covenant and agree that the arbitration hearing shall commence within sixty (60) days of the date on which a written
demand for arbitration is filed by any party hereto (the “Filing Date”). The hearing shall be no more than
five (5) Business Days. In connection with the arbitration, the Arbitrator shall have the power to order the production of documents
by each party and any third-party witnesses. In addition, each party may take up to three (3) depositions as of right, with each
deposition limited to eight (8) hours, excluding breaks, and the Arbitrator may grant additional depositions upon good cause shown.
For purposes of determining the number of depositions as of right, multiple petitioners or multiple respondents shall each respectively
be deemed one party. The Arbitrator shall not have the power to order the answering of interrogatories or the response to requests
for admission. The Arbitrator’s award shall be made and delivered within sixty (60) days of the closing of the evidentiary
hearing on the merits (the “Hearing”) or within sixty (60) days of service of post-Hearing briefs, if the arbitrator
directs service of such briefs, shall be binding and final as between the parties, and a judgment may be entered upon the award
in any court having jurisdiction thereof. The Arbitrator’s decision shall set forth a reasoned basis for any award of damages
or finding of liability. The parties covenant and agree that the arbitration shall conclude within six (6) months of the Filing
Date, and the Arbitrator shall be provided notice of such six-month limit (and agreed to abide by it) prior to his or her appointment
as Arbitrator.

 

(c)
The parties shall maintain the confidential nature of the arbitration proceeding and any award thereunder, including the Hearing,
except as may be necessary to prepare for or conduct the arbitration hearing on the merits, or except as may be necessary in connection
with a court application for a preliminary remedy, a judicial challenge to an award or its enforcement, or unless otherwise required
by Law, judicial decision or applicable securities laws or under applicable stock exchange rules.

 

(d)
The parties will (i) bear their own attorneys’ fees, costs and expenses in connection with the arbitration, and (ii) share
equally in the fees and expenses charged by the Arbitrator; provided, that the prevailing party shall be awarded its share
of the Arbitrator’s fees and expenses and all other costs and expenses, including attorneys’, consultants’ and
experts’ fees; provided, further, that any party unsuccessfully refusing to comply with the award or an order
of the Arbitrator shall be liable for costs and expenses, including attorneys’, consultants’ and experts’ fees,
incurred by the other party in enforcing the award or order. If the Arbitrator determines a party to be the prevailing party under
circumstances where the prevailing party obtained relief on some but not all of the claims and counterclaims, the Arbitrator may
award the prevailing party an appropriate percentage of the costs and expenses incurred by the prevailing party.

 

(e)
Subject in all cases to the foregoing, each of the parties hereto irrevocably consents to the exclusive jurisdiction and venue
of the state or federal courts located within Missouri, in connection with any matter based upon, arising out of or relating to
this Agreement or the matters contemplated herein, agrees that process may be served upon them in any manner authorized by the
laws of the State of Missouri for such Persons and waives and covenants not to assert or plead any objection which they might
otherwise have to such jurisdiction, venue and such process. Each party agrees not to commence any legal proceedings related hereto
except in such courts.

 

10.9
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Missouri,
regardless of the Laws that might otherwise govern under applicable principles of conflicts of laws thereof.

 

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10.10
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY AND ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE ACTIONS OF
ANY PARTY HERETO IN NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

 

10.11
Rules of Construction. The parties hereto agree that they have been represented by counsel during the negotiation and execution
of this Agreement and, therefore, waive the application of any Law, regulation, holding or rule of construction providing that
ambiguities in an agreement or other document will be construed against the party drafting such agreement or document.

 

10.12
No Third Party Beneficiary. Notwithstanding anything contained in this Agreement to the contrary, nothing in this Agreement,
expressed or implied, is intended to confer on any Person other than the parties hereto or their respective successors and assigns
any rights, remedies, or Liabilities under or by reason of this Agreement except that (i) Article VIII shall also be for
the benefit of the Indemnified Parties and (ii) Section 6.3 shall also be for the benefit of the Affiliates of the Purchaser
(which shall include, from and after the Closing, the Company).

 

10.13
Tax Advice. Other than as expressly set forth in this Agreement, no party to this Agreement makes any representations or
warranties to any other party regarding the Tax treatment of the Transactions pursuant to this Agreement or any of the Tax consequences
to any other party of this Agreement or the Transactions. Each party to this Agreement acknowledges that it is relying solely
on its own Tax advisors in connection with this Agreement and the Transactions.

 

10.14
Disclosure Schedule. The Disclosure Schedule shall be arranged in separate parts corresponding to the numbered and lettered
sections and subsections contained in this Agreement, and the information disclosed in any numbered or lettered part shall be
deemed to relate to and to qualify only the particular representation or warranty of any Seller Party set forth in the corresponding
numbered or lettered section or subsection of this Agreement, except to the extent that (a) such information is explicitly cross-referenced
in another part of the Disclosure Schedule, or (b) it is readily apparent on the face of the disclosure (without reference to
any document referred to therein) that such information qualifies another representation and warranty of any Seller Party in this
Agreement. Nothing in the Disclosure Schedule shall be deemed adequate to disclose an exception to a representation or warranty
of any Seller Party made in this Agreement, unless the applicable part of the Disclosure Schedule identifies the exception with
reasonable particularity and describes the relevant facts in reasonable detail. The mere listing of a document or other item in,
or attachment of a copy thereof to, the Disclosure Schedule will not be deemed adequate to disclose an exception to a representation
or warranty made in this Agreement (unless the representation or warranty pertains directly to the existence of the document or
other item itself).

 

[Remainder
of page intentionally left blank]

 

    	27

     

    

 

IN
WITNESS WHEREOF, the Purchaser, the Company and the Members have caused this Agreement to be signed, all as of the date first
written above.

 

	 	SURGE
    HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	Name:
    	Kevin
    Brian Cox
	 	Title:
    	Chief
    Executive Officer
	 	 	 
	 	ECS
    PREPAID, LLC
	 	 	 
	 	By:	 
	 	Name:	Dennis
    R. Winfrey 
	 	Title:	Manager
	 	 	 
	 	 
	 	DENNIS
    R. WINFREY, individually
	 	 	 
	 	 
	 	PEGGY
    S. WINFREY, individually
	 	 	 
	 	 
	 	DERRON
    WINFREY, in his capacity as a control person of
	 	Suray
    Holdings LLC solely with regard to Sections 2.1(b) and 2.1(d)

 

[Signature
Page – Membership Interest Purchase Agreement]

 

    	28

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