Document:

Exhibit

Exhibit 4.2

PROJECT SAPPHIRE – ACQUISITION FACILITIES
€400,000,000 ADDITIONAL FACILITY AW ACCESSION AGREEMENT
		
	To: 
	The Bank of Nova Scotia as Facility Agent and Security Agent

		
	From:
	The persons listed in Schedule 1 to this Additional Facility AW Accession Agreement (the Additional Facility AW Lenders, such defined term to include any lender which becomes a New Lender in respect of Facility AW, by the execution of a Novation Certificate substantially in the form set out in Schedule 3 (Novation Certificate) to this Additional Facility AW Accession Agreement).

Date: 20 August 2020
UPC Broadband Holding B.V. – Credit Agreement dated 16 January 2004 as amended from time to time (the Credit Agreement)
		
	1.
	In this Additional Facility AW Accession Agreement:

Bidder means UPC Schweiz GmbH or another wholly owned Subsidiary of UPC Broadband Holding B.V.
Commitment Letter means the commitment letter dated 12 August 2020 between, among others, UPC Broadband Holding B.V., UPC Financing Partnership and certain Mandated Lead Arrangers and Underwriters (each as defined therein).
Existing Interest Period means, in relation to a Facility AW Advance, the Interest Period which is current, as at the Utilisation Date in relation to that Facility AW Advance, in respect of the outstanding Advance under Facility AU (as defined in the Additional Facility AU Accession Agreement dated 31 January 2020 between, among others, UPC Broadband Holding B.V. and the Facility Agent).
Facility AW means the €400,000,000 term loan facility made available under this Additional Facility AW Accession Agreement. 
Facility AW Advance means each Euro denominated advance made to UPC Broadband by the Additional Facility AW Lenders under Facility AW.
Facility AW Commitment means, in relation to an Additional Facility AW Lender, the amount in Euro set opposite its name under the heading “Facility AW Commitment” in Schedule 1 (Additional Facility AW Lenders and Commitments) of this Additional Facility AW Accession Agreement and any such Facility AW Commitment transferred to it or assumed by it under the Credit Agreement, in each case, to the extent not cancelled, reduced or transferred by it under the Credit Agreement.
Facility B-1 (EUR) means the Euro denominated term loan facility to be issued with a margin of 3.50%, with a final maturity date of 31 January 2029 and made available under the Refinancing Facilities Agreement.
Fee Letter means the fee letter dated 12 August 2020 between UPC Financing Partnership, UPC Broadband Holding B.V. and certain Mandated Lead Arrangers and Underwriters (each as defined therein).
FMIA means the Swiss Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Bundesgesetz über die Finanzmarktinfrastrukturen und das Marktverhalten im Effekten- und Derivatehandel, Finanzmarktinfrastrukturgesetz, FinfraG) of 19 June 2015.

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Initial Offer means the public tender offer by the Bidder for all publicly held Target Shares as pre-announced by means of the Pre-Announcement (as amended from time to time) and as set forth in the Transaction Agreement and the Prospectus.
Initial Offer Closing Date means the date on which the settlement of the Initial Offer occurs.
Liberty Global Reference Agreement means any or all of:
		
	(i)
	the credit agreement dated 5 March 2015 between (among others) Ziggo Secured Finance B.V. as SPV borrower and The Bank of Nova Scotia as facility agent;

		
	(ii)
	the credit agreement dated 24 May 2019 between (among others) DLG Acquisitions Limited as parent and National Westminster Bank plc as facility agent;

		
	(iii)
	the credit agreement dated 7 June 2013 between, among others, Virgin Media Investment Holdings Limited as company and The Bank of Nova Scotia as facility agent;

		
	(iv)
	the credit agreement dated 1 August 2007 between, among others, Telenet NV as borrower and The Bank of Nova Scotia as facility agent; 

		
	(v)
	the indenture dated 18 October 2017 in respect of the $550,000,000 5.500% senior notes due 2028 issued by UPC Holding B.V.;

		
	(vi)
	the indenture dated 13 December 2017 in respect of the $1,000,000,000 5.500% senior secured notes due 2028 and €600,000,000 3.500% senior secured notes due 2028 issued by Telenet Finance Luxembourg Notes S.à r.l.;

		
	(vii)
	the indenture dated 28 October 2019 in respect of $700,000,000 aggregate principal amount of 4.875% senior secured notes due 2030 and €502,500,000 aggregate principal amount of 2.875% senior secured notes due 2030 issued by Ziggo B.V.; 

		
	(viii)
	the  facilities agreement dated 4 November 2019 between (among others) VZ Financing I B.V. as borrower, VZ Vendor Financing B.V. as lender and The Bank of New York Mellon, London Branch acting as administrator, in respect of the advance of certain proceeds of the €701,700,000 2.500% vendor financing notes due 2024 issued by VZ Vendor Financing B.V.;

		
	(ix)
	the indenture dated 11 February 2020 in respect of $500,000,000 aggregate principal amount of 5.125% senior notes due 2030 and €900,000,000 aggregate principal amount of 3.375% senior notes due 2030 issued by Ziggo Bond Company B.V.;

		
	(x)
	the indenture dated 22 June 2020 in respect of €500,000,000 aggregate principal amount of 3.750% senior notes due 2030 issued by Virgin Media Finance plc;

		
	(xi)
	the facilities agreement dated 24 June 2020 in respect of the advance of certain proceeds of the $500,000,000 5.000% vendor financing notes due 2028 issued by Virgin Media Vendor Financing Notes IV Designated Activity Company; and

		
	(xii)
	the indenture dated 29 June 2020 in respect of £450,000,000 aggregate principal amount of 4.125% senior secured notes due 2030 and $650,000,000 aggregate principal amount of 4.500% senior secured notes due 2030 issued by Virgin Media Secured Finance plc, 

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(in each case as amended from time to time up to the date of this Additional Facility AW Accession Agreement).
Longstop Date means the date falling 18 months after the date on which UPC Broadband Holding B.V. and UPC Financing Partnership countersign the Commitment Letter.
Majority Additional Facility AW Lenders means Additional Facility AW Lenders, the aggregate of whose Facility AW Commitments exceeds 50 per cent. of the Total Additional Facility AW Commitments.
Merger Squeeze Out Procedure means the merger of the Bidder or of a Subsidiary of the Bidder with the Target, as implemented by the Bidder after having acquired 90 per cent. or more, but less than 98 per cent. of the Target Shares in accordance with the Swiss Federal Act on Merger, Demerger, Conversion and Transfer of Assets and Liabilities (Fusionsgesetz) of 3 October 2003.
Offer Expiry Date means the date on which the Initial Offer may no longer be completed due to a final non-satisfaction of any condition to which the Initial Offer is subject in accordance with its terms or as a result of the Initial Offer being withdrawn, lapsing or otherwise terminating.
Pre-Announcement means the pre-announcement of the Initial Offer to be made by or on behalf of the Bidder in accordance with Article 5 et sqq. of the Swiss Takeover Ordinance.
Prospectus means the offer prospectus setting out the terms and conditions of the Initial Offer in the form approved by and registered with the Swiss Takeover Board in accordance with the Swiss Takeover Rules.
Refinancing Facilities Agreement means the facilities agreement to be entered into by, among others, NewCo I B.V. as borrower and The Bank of Nova Scotia as the facility agent and the security agent.
Squeeze Out Closing Date means, in relation to a Squeeze Out Procedure, the date on which the Squeeze Out Payments in respect of the Squeeze Out Procedure fall due.
Squeeze Out Payments means, in relation to a Squeeze Out Procedure, the payments required to be made in order to consummate that Squeeze Out Procedure.
Squeeze Out Procedure means either: (i) the Merger Squeeze Out Procedure; or (ii) the Two Per Cent Squeeze Out Procedure.
Swiss Takeover Board means the Takeover Board established under the FMIA.
Swiss Takeover Ordinance means the Ordinance of the Swiss Takeover Board on Public Takeover Offers (Verordnung der Übernahmekommission über öffentliche Kaufangebote) of 21 August 2008.
Swiss Takeover Rules means the FMIA, the Swiss Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Verordnung über die Finanzmarktinfrastrukturen und das Marktverhalten im Effekten- und Derivatehandel) of 25 November 2015, the Swiss Ordinance of the Swiss Financial Market Supervisory Authority on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading (Verordnung der Eidgenössischen Finanzmarktaufsicht über die Finanzmarktinfrastrukturen und das Marktverhalten im Effekten- und Derivatehandel) of 3 December 2015 and the Swiss Takeover Ordinance.
Target means Sunrise Communications Group AG, a Swiss corporation (Aktiengesellschaft) with its registered office in Glattpark (Opfikon), Switzerland.

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Target Shares means shares in the Target and all rights relating to such shares.
Total Additional Facility AW Commitments means, at any time, the aggregate of the Facility AW Commitments.
Transaction Agreement means the agreement entered into by Liberty Global Plc and the Target in respect of the terms of the Initial Offer executed on the date of or immediately prior to the date of the Pre-Announcement.
Transformative Acquisition means any acquisition or investment which is either not permitted by the Credit Agreement or, if permitted, is such that the Credit Agreement would not provide the Borrower Group with adequate flexibility for the continuation of its combined operations (as determined by UPC Broadband Holding B.V. acting in good faith).
Two Per Cent. Squeeze Out Procedure means the exercise by the Bidder of squeeze out rights exercisable upon the Bidder having acquired more than 98 per cent. (but less than 100 per cent.) of the voting rights in the Target according to art. 137 FMIA.
UPC Broadband means UPC Broadband Holding B.V.
		
	2.
	Unless otherwise defined in this Additional Facility AW Accession Agreement, terms defined in the Credit Agreement shall have the same meaning in this Additional Facility AW Accession Agreement and a reference to a Clause is a reference to a Clause of the Credit Agreement. The principles of construction set out in Clause 1.2 (Construction) of the Credit Agreement apply to this Additional Facility AW Accession Agreement as though they were set out in full in this Additional Facility AW Accession Agreement. 

		
	3.
	We refer to Clause 2.3 (Additional Facilities) of the Credit Agreement. This Additional Facility AW Accession Agreement is an Additional Facility Accession Agreement for the purposes of the Credit Agreement. 

		
	4.
	This Additional Facility AW Accession Agreement will take effect on the date on which the Facility Agent notifies UPC Broadband and the Additional Facility AW Lenders that it has received the documents and evidence set out in Schedule 2 (Conditions Precedent Documents) to this Additional Facility AW Accession Agreement, in each case, in form and substance satisfactory to it (acting reasonably) or, as the case may be, the requirement to provide any such documents or evidence has been waived by the Facility Agent on behalf of the Majority Additional Facility AW Lenders (the Effective Date). The Facility Agent must give this notification to UPC Broadband and the Additional Facility AW Lenders promptly upon being so satisfied.

		
	5.
	We, the Additional Facility AW Lenders, agree:

		
	(a)
	to become party to and to be bound by the terms of the Credit Agreement as Lenders in accordance with Clause 2.3 (Additional Facilities) of the Credit Agreement; and

		
	(b)
	to become party to the Intercreditor Agreement as Senior Lenders and to observe, perform and be bound by the terms and provisions of the Intercreditor Agreement in the capacity of Senior Lender, as if we had been an original party to the Intercreditor Agreement.

		
	6.
	The Additional Facility AW Lenders will only be obliged to participate in any Facility AW Advance if on the proposed Utilisation Date:

		
	(a)
	the representations and warranties in Clause 18.2 (Status) to Clause 18.5 (Non-violation) (inclusive) of the Credit Agreement to be made by UPC Broadband are true, in respect of UPC Broadband only, (in all 

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material respects in the case of any representation to which a materiality test is not already applied in accordance with its terms) in each case by reference to the facts and circumstances then subsisting; and 
		
	(b)
	it is not unlawful in any applicable jurisdiction for that Additional Facility AW Lender to perform any of its obligations to fund or participate in that Facility AW Advance.

		
	7.
	No Utilisation of Facility AW may occur unless the Facility Agent has received in form and substance satisfactory to it (acting reasonably) or, as the case may be, the requirement to provide such confirmation has been waived by the Facility Agent on behalf of the Majority Additional Facility AW Lenders:

		
	(a)
	confirmation (in writing) from the Bidder or UPC Broadband to the Facility Agent that all conditions to the Initial Offer (as such conditions may be amended by the Bidder in its sole discretion) have been satisfied or waived by the Bidder in its sole discretion; and

		
	(b)
	confirmation (in writing) from the Bidder or UPC Broadband to the Facility Agent that a minimum acceptance under the Initial Offer of at least 50.1% of the Target Shares has been obtained by the Bidder.

		
	8.
	During the Additional Facility Availability Period for Facility AW, none of the Additional Facility AW Lenders, the Facility Agent and the other Finance Parties shall be entitled to:

		
	(a)
	cancel any of its Facility AW Commitments;

		
	(b)
	rescind, terminate or cancel this Additional Facility AW Accession Agreement, the Credit Agreement or any of the other Finance Documents or Facility AW or exercise any similar right or remedy or make or enforce any claim under the Finance Documents it may have to the extent to do so would prevent or limit the making of any Facility AW Advance;

		
	(c)
	refuse to participate in the making of any Facility AW Advance;

		
	(d)
	exercise any right of set off or counterclaim or similar right or remedy in respect of a Utilisation to the extent to do so would prevent or limit the making of any Facility AW Advance;

		
	(e)
	cancel, accelerate or cause repayment or prepayment of any amounts owing under this Additional Facility AW Accession Agreement, the Credit Agreement or any other Finance Document or exercise any enforcement rights under any Security Document to the extent to do so would prevent or limit the making of any Facility AW Advance; or

		
	(f)
	take any other action or make or enforce any claim (in its capacity as a Lender) to the extent that such action, claim or enforcement would directly or indirectly prevent or limit the making of any Facility AW Advance,

provided that immediately upon the expiry of the Additional Facility Availability Period for Facility AW, all such rights, remedies and entitlements shall be available to the Additional Facility AW Lenders,  the Facility Agent and the other Finance Parties notwithstanding that they may not have been used or been available for use during the Additional Facility Availability Period for Facility AW.
		
	9.
	The Additional Facility Commitment in relation to an Additional Facility AW Lender (for the purpose of the definition of Additional Facility Commitment in Clause 1.1 (Definitions) of the Credit Agreement) is its Facility AW Commitment.

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	10.
	Any interest due in relation to Facility AW will be payable on the last day of each Interest Period and otherwise in accordance with Clause 11 (Interest) of the Credit Agreement.

		
	11.
	The Additional Facility Availability Period for Facility AW shall be the period from and including the Effective Date up to and including the earlier of (a) the date which falls 5 Business Days after the Initial Offer Closing Date, (b) the Offer Expiry Date and (c) the Longstop Date, provided that if on the Initial Offer Closing Date the Bidder holds less than 100% of the voting rights in the Target, the Additional Facility Availability Period shall be extended to the date falling twelve months after the Initial Offer Closing Date (provided that, notwithstanding any such extension, the Additional Facility Availability Period for Facility AW shall end on a date no later than the Longstop Date) (or any other date agreed between the Additional Facility AW Lenders and UPC Broadband), inter alia, for the purpose of financing any payments to be made to holders of the Target Shares that are not tendered in the Initial Offer, whether by way of market purchases or implementing a Squeeze Out Procedure or for the purpose of refinancing payments previously made to holders of the Target Shares where such previously made payments were not made using funds drawn under Facility AW. At the end of the Additional Facility Availability Period for Facility AW, the Available Commitments in respect of Facility AW shall automatically be cancelled and the Available Commitments in respect of Facility AW for each Additional Facility AW Lender shall automatically be reduced to zero.

		
	12.
	Facility AW may be drawn by up to twenty Advances (or any other number of Advances agreed between the Additional Facility AW Lenders and UPC Broadband) and no more than twenty Requests (or any other number of Requests agreed between the Additional Facility AW Lenders and UPC Broadband) may be made in respect of Facility AW under the Credit Agreement.

13.    
		
	(a)
	Subject to paragraph (b) below, the first Interest Period to apply to each Facility AW Advance will be a period running from the Utilisation Date in respect of that Facility AW Advance up to (and including) the last Business Day of the Existing Interest Period, and thereafter shall be determined in accordance with Clause 11.2 (Selection of Interest Periods) of the Credit Agreement.

		
	(b)
	If the Existing Interest Period has less than one month until expiry, the first Interest Period in relation to the relevant Facility AW Advance will be the unexpired portion of the Existing Interest Period plus an additional six months.

		
	(c)
	In respect of the first Interest Period to apply to each Facility AW Advance only, EURIBOR shall mean the EURIBOR rate as determined in respect of the Existing Interest Period.

		
	14.
	Each Facility AW Advance will be used for general corporate purposes and/or working capital purposes, including without limitation, the funding of the Acquisition (as defined in the Commitment Letter), the redemption, refinancing, repayment or prepayment of any existing indebtedness of the Borrower Group and/or the payment of any fees and expenses in connection with Facility AW and the other transactions related thereto.

		
	15.
	The Final Maturity Date in respect of Facility AW will be 31 January 2029 or such other date agreed between the Additional Facility AW Lenders and UPC Broadband. 

		
	16.
	Each outstanding Facility AW Advance will be repaid in full on the Final Maturity Date in respect of Facility AW.

		
	17.
	The Margin in relation to Facility AW is 3.50 per cent. per annum or such other rate agreed between the Additional Facility AW Lenders and UPC Broadband.

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	18.
	The Borrower in relation to Facility AW is UPC Broadband.

		
	19.
	Facility AW is made available as a term loan.

		
	20.
	The interest rate for Facility AW will be calculated in accordance with Clause 11.1 (Interest rate) of the Credit Agreement, being the sum of EURIBOR and the applicable Margin. For the avoidance of doubt, each party to this Additional Facility AW Accession Agreement accepts and acknowledges that EURIBOR has the meaning given to it under Clause 1.1 (Definitions) of the Credit Agreement and that if, at the time of calculation, the rate is determined to be below zero per cent., then EURIBOR will be deemed to be zero per cent and, provided further that, in relation to the first Interest Period to apply to each Facility AW Advance, EURIBOR shall mean the EURIBOR rate calculated for the Existing Interest Period.  

		
	21.
	Each Facility AW Advance shall be issued at 98.50% of par provided that no original issue discount shall be payable on any Facility AW Advance arising from an increase in the Facility AW Commitments effected in accordance with paragraph 7 (AW OID Fees Funding) of the Fee Letter.

		
	22.
	If on or prior to the date falling 6 months after the first Utilisation Date of Facility AW (but not otherwise) UPC Broadband:

		
	(a)
	makes any prepayment of Facility AW in connection with any Repricing Transaction (as defined below) other than where such prepayment is funded by the issuance of notes by any member of the Borrower Group or a special purpose vehicle which on-lends the proceeds of such notes to a member of the Borrower Group; or

		
	(b)
	effects any amendment of this Additional Facility AW Accession Agreement or the Credit Agreement resulting in a Repricing Transaction, other than, for the avoidance of doubt, any amendments contemplated by Schedule 6 (Additional Amendments, Waivers, Consents and Other Modifications), Schedule 7 (Fourth Amendments, Waivers, Consents and Other Modifications),  Schedule 8 (Fifth Amendments, Waivers, Consents and Other Modifications), Schedule 9 (Sixth Amendments, Waivers, Consents and Other Modifications), Schedule 10 (Seventh Amendments, Waivers, Consents and Other Modifications) and Schedule 11 (Eighth Amendments, Waivers, Consents and Other Modifications) of this Additional Facility AW Accession Agreement (the “Approved Amendments”)  resulting in a Repricing Transaction,

UPC Broadband shall, in each case, pay to the Facility Agent, for the account of each applicable Additional Facility AW Lender:
		
	(i)
	in the case of paragraph (a) above, a prepayment fee equal to 1.00 per cent. flat on the amount of that Additional Facility AW Lender’s Facility AW Advances which are prepaid and such prepayment fee shall be due and payable on the date of such prepayment; and

		
	(ii)
	in the case of paragraph (b) above, a prepayment fee equal to 1.00 per cent. flat on the aggregate amount of the Facility AW Advances of each Additional Facility AW Lender that shall have been the subject of a mandatory assignment under the Credit Agreement following the failure of such Additional Facility AW Lender to consent to such amendment on or prior to the date falling 6 months after the first Utilisation Date of Facility AW and such prepayment fee shall be due and payable on the effective date of such assignment.

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In this paragraph:
“Repricing Transaction” means the prepayment or refinancing of all or a portion of the Facility AW Advances with any long term bank debt financing incurred for the primary purpose of repaying, refinancing, substituting or replacing the Facility AW Advances which have (or any amendment to this Additional Facility AW Accession Agreement or the Credit Agreement which results in) an effective interest cost or weighted average yield (as determined by the Facility Agent consistent with generally accepted financial practice and, in any event, excluding any arrangement or commitment fees in connection therewith) that is less than the interest rate for or weighted average yield (as determined by the Facility Agent (acting reasonably) on the same basis) of the Facility AW Advances (other than in connection with a Change of Control, an initial public offering or a Transformative Acquisition).
23.    
		
	(a)
	Provided that any upsizing of Facility AW permitted under this paragraph will not breach any term of the Credit Agreement, Facility AW may be upsized by any amount, by the signing of one or more further Additional Facility AW Accession Agreements, that specify (along with the other terms specified therein) UPC Broadband as the sole Borrower and which specify Facility AW Commitments denominated in Euros, to be drawn in Euros, with the same Final Maturity Date and Margin as specified in this Additional Facility AW Accession Agreement.

		
	(b)
	For the purposes of this paragraph 23 (unless otherwise specified), references to Facility AW Advances shall include Advances made under any such further and previous Additional Facility AW Accession Agreement.

		
	(c)
	Where any Facility AW Advance has not already been consolidated with any other Facility AW Advance, on the last day of any Interest Period for that unconsolidated Facility AW Advance, that unconsolidated Facility AW Advance will be consolidated with any other unconsolidated Facility AW Advance which has an Interest Period ending on the same day as that unconsolidated Facility AW Advance, and all such Facility AW Advances will then be treated as one Facility AW Advance.

		
	24.
	For the purposes of any amendment or waiver, consent or other modification (including, with respect to any existing Default or Event of Default) that may be sought by UPC Broadband and UPC Financing under the Credit Agreement or any other Finance Document on or after the date of this Additional Facility AW Accession Agreement, each Additional Facility AW Lender hereby consents (in the capacity of a Lender and, if it is a Hedge Counterparty, in the capacity of a Hedge Counterparty), and agrees to procure, unless it is prohibited from doing so, that any of its Affiliates or Related Funds that are Hedge Counterparties or a Lender under a Revolving Facility consent (in their capacity as Hedge Counterparties or Lenders under a Revolving Facility, as applicable) to any and all of the following:

		
	(a)
	any and all amendments contemplated by the Approved Amendments; 

		
	(b)
	any consequential amendment, waiver, consent or other modification, whether effected by one instrument or through a series of amendments, to the Credit Agreement or any other Finance Document to be made either to implement the Approved Amendments or to conform any Finance Document to the Approved Amendments; and/or

		
	(c)
	any other amendment, waiver, consent or modification, whether effected by one instrument or through a series of amendments, to the Credit Agreement or any other Finance Document to be made to conform 

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any Finance Document to any Liberty Global Reference Agreement provided that any amendment, waiver, consent or modification to conform the Credit Agreement or any other Finance Document to any Liberty Global Reference Agreement referred to at paragraphs (v) to (xii) (inclusive) of that definition shall be limited to those that are mechanical in nature unless specifically referenced in the Approved Amendments, and, in each case, any consequential amendments, waivers, consents or modifications,
and this Additional Facility AW Accession Agreement shall constitute each Additional Facility AW Lenders' irrevocable and unconditional written consent (in the capacity of a Lender and, if it is a Hedge Counterparty, in the capacity of a Hedge Counterparty) and the agreement of each Additional Facility AW Lender to procure, unless it is prohibited from doing so, that each of its Affiliates and Related Funds that is a Lender under a Revolving Facility or a Hedge Counterparty provides irrevocable and unconditional written consent in that capacity in respect of such amendments, waivers, consents or other modifications to the Finance Documents for the purposes of Clause 27 (Amendments and Waivers) of the Credit Agreement, Clause 28 (Consents, Amendments and Override) of the Intercreditor Agreement, and any clause in any other Finance Document relating to amendments of that Finance Document without any further action required on the part of any party thereto.
		
	25.
	Each Additional Facility AW Lender hereby acknowledges and agrees (in the capacity of a Lender and, if it is a Hedge Counterparty, in the capacity of a Hedge Counterparty), and agrees to procure, unless it is prohibited from doing so, that any of its Affiliates or Related Funds that are Hedge Counterparties or a Lender under a Revolving Facility acknowledge and agree (in their capacity as Hedge Counterparties or Lenders under a Revolving Facility, as applicable) that the Facility Agent and/or the Security Agent may, but shall not be required to, send to the Additional Facility AW Lenders any further formal amendment request in connection with all, or any of the proposed amendments set out under paragraph 24 above and the Facility Agent and/or the Security Agent shall be authorised to consent on behalf of each Additional Facility AW Lender, as a Lender under one or more Additional Facilities and as a Hedge Counterparty under the Intercreditor Agreement, to any such proposed amendments set out under paragraph 24 above (and the Facility Agent and/or the Security Agent shall be authorised to enter into any necessary documentation in connection with the same), and such consent shall be taken into account in calculating whether the Majority Lenders, or the relevant requisite Lenders, or the Hedge Counterparties have consented to the relevant amendments and/or waivers or other modifications to the Finance Documents in accordance with Clause 27 (Amendments and Waivers) of the Credit Agreement, Clause 28 (Consents, Amendments and Override) of the Intercreditor Agreement, and any clause relating to amendments in any other Finance Document.

		
	26.
	Each Additional Facility AW Lender hereby waives (in the capacity of a Lender and, if it is a Hedge Counterparty, in the capacity of a Hedge Counterparty), and agrees to procure, unless it is prohibited from doing so, that any of its Affiliates or Related Funds that are Hedge Counterparties or a Lender under a Revolving Facility waive (in their capacity as Hedge Counterparties or Lenders under a Revolving Facility, as applicable) receipt of any fee in connection with the foregoing consent, notwithstanding that other consenting Lenders under the Credit Agreement or Hedge Counterparties under the Intercreditor Agreement may be paid a fee in consideration of such Lenders' or Hedge Counterparties’ consent to any or all of the foregoing amendments, waivers, consents or other modifications.

		
	27.
	UPC Broadband, the Additional Facility AW Lenders and the Facility Agent (for itself and on behalf of the other Finance Parties) hereby agree and acknowledge that Facility AW is made available in connection with a “Limited Condition Transaction” for the purposes of the Credit Agreement and that, as such, the conditions under paragraphs (i) and (ii) of Clause 4.2(b) (Further conditions precedent) of the Credit Agreement are hereby waived in their entirety by the Additional Facility AW Lenders.

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	28.
	Each Additional Facility AW Lender confirms to each Finance Party that:

		
	(a)
	it has made its own independent investigation and assessment of the financial condition and affairs of each Obligor and its related entities in connection with its participation in Facility AW being made available pursuant to this Additional Facility AW Accession Agreement and has not relied on any information provided to it by a Finance Party in connection with any Finance Document; and

		
	(b)
	it will continue to make its own independent appraisal of the creditworthiness of each Obligor and its related entities while any amount is or may be outstanding under the Credit Agreement or any Additional Facility Commitment is in force.

29.    
		
	(a)
	Each of the Additional Facility AW Lenders agrees that it will not, without the prior written consent of UPC Broadband (acting in its sole discretion), effect any transfer, novation, assignment or Sub-participation of any of its rights, benefits or obligations in respect of any Facility AW Commitment under this Additional Facility AW Accession Agreement prior to the date that such Facility AW Commitment has been utilised unless such transfer, novation, assignment or Sub-participation is to an Affiliate of that Additional Facility AW Lender provided  that in each case:

		
	(i)
	(save for in respect of Sub-participations) such Affiliate has at least equivalent creditworthiness as the transferring Additional Facility AW Lender;

		
	(ii)
	no such transfer, novation, assignment or Sub-participation shall reallocate, reduce or release any Additional Facility AW Lender’s obligation to fund its entire Facility AW Commitment as at the date of this Additional Facility AW Accession Agreement by the required time on each Utilisation Date in the event that any transferee or assignee (or any subsequent transferee or assignee) fails to do so; and

		
	(iii)
	each Additional Facility AW Lender shall retain exclusive control over all rights and obligations with respect to its Facility AW Commitments as at the date of this Additional Facility AW Accession Agreement (including, without limitation, all rights with respect to waivers, consents, modifications, amendments and confirmations in relation to the Finance Documents) until after the date that they are utilised, notwithstanding any such transfer, novation, assignment or Sub-participation.

		
	(b)
	Each of the Additional Facility AW Lenders agrees that without prejudice to Clause 28.4 (Procedure for novations) of the Credit Agreement, each New Lender (as defined in the relevant Novation Certificate referred to below) shall become, by the execution by the Facility Agent of a Novation Certificate substantially in the form of Schedule 3 (Novation Certificate) to this Additional Facility AW Accession Agreement, bound by the terms of this Additional Facility AW Accession Agreement as if it were an original party hereto as an Additional Facility AW Lender and shall acquire the same rights, grant the same consents and assume the same obligations towards the other parties to this Additional Facility AW Accession Agreement as would have been acquired, granted and assumed had the New Lender been an original party to this Additional Facility AW Accession Agreement as an Additional Facility AW Lender. 

		
	(c)
	No Additional Facility AW Lender may, in respect of its Facility AW Commitment, assign all or any of its rights and benefits or transfer all or any of its rights, benefits and obligations, in each case, under the Finance Documents in relation to Facility AW to any person in accordance with the Credit Agreement 

10

unless at the same time (i) it assigns a pro rata share of its rights and benefits or transfers a pro rata share of its rights, benefits and obligations to that person, in each case, under the Refinancing Facilities Agreement in relation to Facility B-1 (EUR) and (ii) (if applicable) a pro rata share of its rights, benefits and obligations in respect of any unfunded allocation of Facility AW Commitments and the Refinancing Facilities Agreement in relation to Facility B-1 (EUR) is also notionally transferred to such person. Notwithstanding Clause 28.3(a) (Transfers by Lenders) of the Credit Agreement, the minimum partial assignment and transfer amount requirement detailed therein shall (in respect of a partial assignment or transfer by an Additional Facility AW Lender in respect of its Facility AW Commitment) be satisfied if the aggregate amount of (i) such Facility AW Commitment assigned or transferred by such Additional Facility AW Lender and (ii) the pro rata share of such Additional Facility AW Lender’s rights, benefits and (in the case of a transfer) obligations under the Refinancing Facilities Agreement in relation to Facility B-1 (EUR), assigned or transferred pursuant to this paragraph, is equal to or in excess of the minimum partial assignment and transfer amount requirement detailed in Clause 28.3(a) (Transfers by Lenders) of the Credit Agreement.
		
	30.
	We, the Additional Facility AW Lenders, acknowledge and agree that the Lender Asset Security Release Confirmation has been delivered by the Facility Agent to the Lenders and that the Security Agent is therefore irrevocably authorised in accordance with Clause 19.28(a) (Asset Security Release) of the Credit Agreement to execute such documents as may be required to ensure that the Security (other than (i) any Security required to be granted under paragraph (b)(ii) of the definition of “80% Security Test” and (ii) any Security provided over any account in connection with a Borrower providing cash cover for a Documentary Credit or an Ancillary Facility pursuant to Clause 6.9(a) (Cash Cover by Borrower) and Clause 1.2(a)(iv) (Construction) of the Credit Agreement) is released.

		
	31.
	Within 60 days of the first Utilisation Date of Facility AW, UPC Poland Holding B.V., shall:

		
	(a)
	enter into an amendment agreement in relation to each of the following:

		
	(i)
	the agreement for registered pledge and financial pledge dated 21 October 2019 made between (amongst others) UPC Poland Holding B.V. as pledgor and the Security Agent as pledgee pursuant to which UPC Poland Holding B.V. granted security in respect of the shares in UPC Poland Property Sp. z o.o.; and

		
	(ii)
	the agreement for registered pledge and financial pledge dated 21 October 2019 made between (amongst others) UPC Poland Holding B.V. as pledgor and the Security Agent as pledgee pursuant to which UPC Poland Holding B.V. granted security in respect of the shares in UPC Polska Sp. z o.o.,

(paragraph 31(a)(i) and (ii) together, the “Polish Security Documents”); and
		
	(b)
	submit to enforcement pursuant to article 777 of the Polish code of civil procedure in favour of the Security Agent,

for the purpose of increasing the amount referred to in Clause 3.1(a) of the Polish Security Documents to €9,000,000,000 (the “Secured Amount Upsize Amendment”) and the Security Agent hereby unconditionally and irrevocably agrees to enter into such documents and do all things as are necessary to effect the Secured Amount Upsize Amendment. 

11

		
	32.
	The Facility Office and address for notices of each Additional Facility AW Lender for the purposes of Clause 35.2 (Addresses for notices) of the Credit Agreement will be that notified by each Additional Facility AW Lender to the Facility Agent.

		
	33.
	This Additional Facility AW Accession Agreement and any non-contractual obligations arising out of or in connection with it are governed by English law.

		
	34.
	Clause 37 (Jurisdiction) of the Credit Agreement is incorporated into this Additional Facility AW Accession Agreement as if set out in full and as if references in that clause to a “Finance Document” are references to this Additional Facility AW Accession Agreement. 

		
	35.
	This Additional Facility AW Accession Agreement may be executed in any number of counterparts, and by each party on separate counterparts. Each counterpart is an original, but all counterparts shall together constitute one and the same instrument. Delivery of an executed counterpart signature page of this Additional Facility AW Accession Agreement by e­mail (PDF) or telecopy shall be as effective as delivery of a manually executed counterpart of this Additional Facility AW Accession Agreement.

		
	36.
	This Additional Facility AW Accession Agreement is a Creditor Accession Undertaking as defined in the Intercreditor Agreement.

37.    
		
	(a)
	If Facility AW is not funded in full on the first Utilisation Date for Facility AW, each party to this Additional Facility AW Accession Agreement shall take all steps reasonably required to promptly amend and restate this Additional Facility AW Accession Agreement such that it is bifurcated into a separate Additional Facility Accession Agreement (and separate Additional Facility AW tranche thereunder) for (i) the funded portion of the Facility AW Commitment (the “Funded Accession Agreement”) and (ii) the unfunded portion of Facility AW Commitment (the “Unfunded Accession Agreement”), in each case, on substantially equivalent terms provided that mechanics shall be included such that on each subsequent Utilisation Date for Facility AW, the portion of the Facility AW Commitment that is funded under the Unfunded Accession Agreement shall be deemed to be cancelled and immediately reinstated as (or otherwise converted into) a funded Facility AW Commitment under the Funded Accession Agreement.

		
	(b)
	Where any Facility AW Advance under the Funded Accession Agreement has not already been consolidated with any other Facility AW Advance, on the last day of any Interest Period for that unconsolidated Facility AW Advance, that unconsolidated Facility AW Advance will be consolidated with any other unconsolidated Facility AW Advance which has an Interest Period ending on the same day as that unconsolidated Facility AW Advance, and all such Facility AW Advances will then be treated as one Facility AW Advance.

THIS ADDITIONAL FACILITY AW ACCESSION AGREEMENT is executed and delivered as a Deed on the date stated at the beginning of this Additional Facility AW Accession Agreement.

12

SCHEDULE 1 
ADDITIONAL FACILITY AW LENDERS AND COMMITMENTS

	
		
	Additional Facility AW Lender
	Facility AW Commitment (€)

	The Bank of Nova Scotia
	400,000,000

	Total
	400,000,000

13

SCHEDULE 2 
CONDITIONS PRECEDENT DOCUMENTS
		
	1.
	Constitutional Documents

		
	(a)
	A copy of the constitutional documents of each Obligor (other than UPC Financing) and the partnership agreement of UPC Financing or, if the Facility Agent already has a copy, a certificate of an authorised signatory of the relevant Obligor confirming that the copy in the Facility Agent's possession is still correct, complete and in full force and effect as at a date no earlier than the date of this Additional Facility AW Accession Agreement.

		
	(b)
	An extract of the registration of each Obligor established in the Netherlands in the trade register of the Dutch Chamber of Commerce.

		
	2.
	Authorisations

		
	(a)
	A copy of a resolution of the board of managing and, to the extent applicable, board of supervisory directors (or equivalent) and, to the extent that a shareholders' resolution is required, a copy of the shareholders' resolution of each Obligor:

		
	(i)
	approving the terms of and the transactions contemplated by this Additional Facility AW Accession Agreement and (in the case of UPC Broadband) resolving that it execute the same (and, in the case of the Guarantors and the Charging Entities (as defined in the Intercreditor Agreement)) resolving that it execute the confirmation described at paragraph 4 below; and

		
	(ii)
	(in the case of UPC Broadband) authorising the issuance of a power of attorney to a specified person or persons to execute this Additional Facility AW Accession Agreement on its behalf and (in the case of the Guarantors and the Charging Entities (as defined in the Intercreditor Agreement)) authorising the issuance of a power of attorney to a specified person or persons to execute the confirmation described in paragraph 4 below.

		
	(b)
	A specimen of the signature of each person authorised pursuant to its constitutional documents or to the power of attorney referred to in paragraph (a) above to sign this Additional Facility AW Accession Agreement or the confirmation described in paragraph 4 below (as appropriate).

		
	(c)
	A certificate of an authorised signatory of UPC Broadband, each Guarantor and each Charging Entity certifying that each copy document specified in this Schedule and supplied by UPC Broadband, each Guarantor and each Charging Entity is correct, complete and in full force and effect as at a date no earlier than the date of this Additional Facility AW Accession Agreement.

		
	3.
	Legal opinions

		
	(a)
	A legal opinion of Allen & Overy LLP, English legal advisers to the Facility Agent, addressed to the Finance Parties.

		
	(b)
	A legal opinion of Allen & Overy LLP, Dutch legal advisers to the Facility Agent, addressed to the Finance Parties.

		
	(c)
	A legal opinion of Allen & Overy LLP, New York legal advisers to the Facility Agent, addressed to the Finance Parties.

14

		
	4.
	Other documents

		
	(a)
	Confirmation (in writing) from (i) each of the Guarantors that its obligations under Clause 17 (Guarantee) of the Credit Agreement and (ii) each of the Charging Entities (as defined in the Intercreditor Agreement) that the Security Interests granted to the Beneficiaries pursuant to the Security Documents and its obligations under the Finance Documents, shall continue unaffected and that such obligations extend to the Total Commitments as increased by the addition of Facility AW and that such obligations shall be owed to each Finance Party including the Additional Facility AW Lenders.

		
	(b)
	A duly executed copy of the Fee Letter.

15

SCHEDULE 3 
NOVATION CERTIFICATE
		
	To: 
	The Bank of Nova Scotia as Facility Agent and UPC Broadband Holding B.V. as Borrower

From:    [THE EXISTING LENDER] and [THE NEW LENDER]
Date:    [l]
UPC Broadband Holding B.V. – Credit Agreement dated 16 January 2004 (as amended, the Credit Agreement)
We refer to clause 29.4 (Procedure for novations) of the Credit Agreement. Terms defined in the Credit Agreement have the same meaning in this Novation Certificate.
		
	1.
	We [●] (the Existing Lender) and [●] (the New Lender) agree to the Existing Lender and the New Lender novating all the Existing Lender’s rights and obligations referred to in the Schedule in accordance with clause 29.4 (Procedure for novations) of the Credit Agreement.

		
	2.
	We further refer to clause 22.3 (Change of Senior Lender, Pari Passu Creditors, Second Lien Lender and Noteholders) of the Intercreditor Agreement. In consideration of the New Lender being accepted as a Senior Lender for the purposes of the Intercreditor Agreement (and as defined therein), the New Lender confirms that, as from the [●], it will be party to the Intercreditor Agreement as a Senior Lender, and undertakes to perform all the obligations expressed in the Intercreditor Agreement to be assumed by a Senior Lender and agrees that it shall be bound by all the provisions of the Intercreditor Agreement, as if it had been an original party to the Intercreditor Agreement.

		
	3.
	The Facility Office and address for notices of the New Lender for the purposes of clause 36.2 (Addresses for notices) of the Credit Agreement are set out in the Schedule.

		
	4.
	This Novation Certificate may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Novation Certificate.

		
	5.
	This Novation Certificate and any non-contractual obligations arising out of or in connection with it are governed by English law.

16

THE SCHEDULE
Rights and obligations to be novated
EXISTING LENDER
Existing Lender’s Commitment under Additional Facility AW: [€[•]]
Assignee:  New Lender
[New Lender]
[Facility Office     Address for notices for administrative purposes
Address for notices for credit purposes]

17

[The Existing Lender], as the Existing Lender
By:
 
Name:
 
Title:

[The New Lender], as the New Lender
By:
 
Name:
 
Title:

18

SCHEDULE 4 
[INTENTIONALLY LEFT BLANK]

19

SCHEDULE 5 
[INTENTIONALLY LEFT BLANK]

20

SCHEDULE 6 
ADDITIONAL AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
All references to Clauses, Paragraphs, Schedules and definitions contained in this Schedule 6 are to Clauses, Paragraphs, Schedules and definitions of the Credit Agreement. All capitalised terms used in this Schedule but not defined shall have the meanings given to such terms in the Credit Agreement.
In this Schedule, references to “recent Liberty precedent” shall be construed to mean any Liberty Global Reference Agreement.
		
	1.
	Transfers: amend Clause 28.3 (Transfers by Lenders) of the Credit Agreement to provide that the consent of UPC Broadband or a Borrower is not required for any assignment, transfer or novation by a Lender if an Event of Default is outstanding pursuant to any of Clauses 21.2 (Non-payment), 21.6 (Insolvency), 21.7 (Insolvency Proceedings), 21.9 (Creditors’ Process) or 21.10 (Similar Proceedings) only (rather than if any Event of Default is outstanding).

		
	2.
	New RCF Maintenance Covenant: amend the Credit Agreement to provide that: amendments and waivers of Clauses 20.2 (Financial Ratio) to 20.4 (Cure provisions) and Clause 21.17 (Acceleration Following Financial Ratio Breach) shall only be made with the consent of UPC Broadband and the Composite Revolving Facility Instructing Group and shall not require the consent of any other Finance Party.

21

SCHEDULE 7 
FOURTH AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
[INTENTIONALLY LEFT BLANK] 

22

SCHEDULE 8 
FIFTH AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
All references to Clauses, Paragraphs, Schedules and definitions contained in this Schedule 8 are to Clauses, Paragraphs, Schedules and definitions of the Credit Agreement. All capitalised terms used in this Schedule but not defined shall have the meanings given to such terms in the Credit Agreement. 
In this Schedule, references to “recent Liberty precedent” shall be construed to mean any Liberty Global Reference Agreement.
		
	1.
	Negative Pledge: 

		
	(a)
	delete clause 19.8(a) in its entirety and replace it as follows:

“(a)    Each Obligor (other than UPC Broadband Holdco, any Permitted Affiliate Holdco and any Subsidiary of UPC Broadband Holdco or any Permitted Affiliate Holdco which is permitted to issue, and has issued, Holdco Debt) will not permit any Security Interest by any member of the Borrower Group to subsist, arise or be created or extended over all or any part of their respective present or future undertakings, assets, rights or revenues to secure or prefer any present or future Financial Indebtedness of any member of the Borrower Group or any other person, other than:
		
	(i)
	Permitted Security Interests; or

		
	(ii)
	any Security Interest over any present or future undertakings, assets, rights or revenues that is not subject to Security (such Security Interest, the “Initial Security Interest”) if, contemporaneously with the incurrence of such Initial Security Interest, effective provision is made to secure the Financial Indebtedness due under this Agreement equally and ratably with (or prior to, in the case of any Security Interest with respect to Financial Indebtedness that ranks junior to the Facilities) the Financial Indebtedness secured by such Initial Security Interest so long as such Financial Indebtedness is so secured.”

		
	(b)
	include a new clause 19.8(d) as follows:

		
	“(d)
	Any Security Interest created pursuant to the proviso described in Clause 19.8(a)(ii) securing of the Financial Indebtedness due under this Agreement will be automatically and unconditionally released and discharged upon the release and discharge of the Initial Security Interest to which it relates (and, to the extent required, the Facility Agent and the Security Agent are hereby irrevocably authorised and instructed by the Lenders to enter into such documentation as is reasonably required to effect such release).

		
	2.
	Solvent Liquidation: Amend Clause 27.4 (Release of Guarantees and Security) of the Credit Agreement to provide for equivalent releases as a result of, and in connection with, any solvent liquidation or dissolution that complies with Clause 19.29 (Internal Reorganisations).

		
	3.
	Non-Consenting Lenders: Remove the timing window of 90 days during which UPC Broadband may exercise its rights as set out in Clause 27.9(b) (Replacement of Lenders) such that UPC Broadband may exercise such rights at any time.

23

SCHEDULE 9 
SIXTH AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
All references to Clauses, Paragraphs, Schedules and definitions contained in this Schedule 9 are to Clauses, Paragraphs, Schedules and definitions of the Credit Agreement. All capitalised terms used in this Schedule but not defined shall have the meanings given to such terms in the Credit Agreement. 
In this Schedule, references to “recent Liberty precedent” shall be construed to mean any Liberty Global Reference Agreement.
		
	1.
	Amendments and waivers: amend Clause 27.2 (Exceptions) to include the following as a new Clause:

“Notwithstanding anything to the contrary in the Finance Documents, a Finance Party may unilaterally waive, relinquish or otherwise irrevocably give up all or any of its rights under any Finance Document with the consent of the UPC Broadband.”
		
	2.
	Transfers by Obligors: include the following as a new carve out to Clause 28.2(a) (Transfers by Obligors):

“provided that a Borrower (a “Novating Borrower”) may assign or transfer any of its rights, benefits and obligations under this Agreement to another Borrower incorporated in the same jurisdiction as that Novating Borrower and which is a directly or indirectly wholly owned Subsidiary of (i) UPC Broadband or (ii) a Permitted Affiliate Parent (as applicable) if UPC Broadband delivers to the Facility Agent:
		
	(a)
	a solvency opinion, in form and substance reasonably satisfactory to the Facility Agent, from an independent financial advisor confirming the solvency of the Borrower Group, taken as a whole, after giving effect to any transactions related to such assignment or transfer; and

		
	(b)
	legal opinions, in form and substance reasonably satisfactory to the Facility Agent, confirming that, after giving effect to any transactions related to such assignment or transfer, the Security created by the Security Documents as amended, extended, renewed, restated, supplemented, modified or replaced represents valid and perfected Security not otherwise subject to any limitation, imperfection or new hardening period, in equity or at law, that such Security were not otherwise subject to immediately prior to such assignment or transfer.”

		
	3.
	Sub-participations: 

		
	(a)
	Include a new definition of Sub-participation as follows:

“Sub-participation” means any sub-participation or sub-contract (whether written or oral) or any other agreement or arrangement having an economically substantially similar effect, including any credit default or total return swap or derivative (whether disclosed undisclosed, risk or funded) by a Lender of or in relation to any of its rights or obligations under, or its legal, beneficial or economic interest in relation to, the Facilities and/or Finance Documents to a counterparty and “sub-participate” shall be construed accordingly.
		
	(b)
	Amend Clause 28.3 (Transfers by Lenders) in order that this clause includes a restriction on sub-participations of rights and obligations and is subject to the same consent regime as for assignments and transfers in accordance with recent Liberty precedent. 

24

		
	(c)
	Add a new clause as follows:

“[28.12]        Sub-participation
Notwithstanding anything to the contrary in Clause 28.3 (Transfers by Lenders) there shall be no restrictions on sub-participations provided that:
		
	(a) 
	such Lender remains a Lender under this Agreement with all rights and obligations pertaining thereto and remains liable under the Finance Documents for any such obligation;

		
	(b) 
	such Lender retains exclusive control over all rights and obligations in relation to the participations and Commitments that are the subject of the relevant agreement or arrangement, including all voting rights (for the avoidance of doubt, free of any agreement or understanding pursuant to which it is required to or will consult with any other person in relation to the exercise of any such rights and/or obligations), unless:

		
	(i)
	the proposed sub-participant is a person to whom the relevant rights

and obligations could have been assigned or transferred in accordance with the terms of this Clause 29 and,
		
	(ii) 
	prior to entering into the relevant agreement or arrangement, the relevant Lender provides UPC Broadband with full details of that proposed sub-participant and any voting, consultation or other rights to be granted to the sub-participant;

		
	(c)
	the relationship between the Lender and the proposed sub-participant is that

of a contractual debtor and creditor (including in the bankruptcy or similar
event of the Lender or an Obligor);
		
	(d) 
	the proposed sub-participant will have no proprietary interest in the benefit

of this Agreement or any of the Finance Documents or in any monies received by the relevant Lender under or in relation to this Agreement or any
of the Finance Documents (in its capacity as sub-participant under that arrangement); and
		
	(e)
	the proposed sub-participant will under no circumstances: (i) be subrogated to, or be substituted in respect of, the relevant Lender’s claims under this Agreement or any of the Finance Documents; or (ii) otherwise have any contractual relationship with, or rights against, the Obligors under or in relation to this Agreement or any of the Finance Documents (in its capacity as sub-participant under that arrangement).”

		
	(d)
	Include the additional provision as follows:

“Clause [28.13]     Sub-participant Register
		
	“(a)
	In the case of a sub-participation (or any other agreement or arrangement having an economic effect substantially similar to a sub-participation) (in each case, other than any non-voting 

25

derivatives (which are not participations) which would otherwise be caught by the definition of “sub-participation”), the person granting the sub-participation (or similar right) shall, acting solely for these purposes as non-fiduciary agent for the Borrower, maintain a register (a “Sub-Participant Register”) on which it enters the name and address of each sub-participant (or person holding the similar right) and the Commitment and obligations (including principal and stated interest) in which each sub-participant (or other person) has an interest or obligation.
		
	(b) 
	Notwithstanding anything to the contrary hereunder, including without limitation Clause 26 (Evidence and Calculations), the entries in the Sub- Participant Register shall be conclusive absent manifest error, and such person maintaining the Sub-Participant Register shall treat each person whose name is recorded in the Sub-Participant Register as the owner of such sub-participation (or similar right) for all purposes of a Finance Document notwithstanding any notice to the contrary.

		
	(c) 
	Without prejudice to the other provisions of this Clause 28, no Lender shall have any obligation to disclose all or any portion of the Sub-Participant Register to any person (including the identity of any sub-participant or any information relating to a sub-participant’s interest in any Loans, Commitments or other obligations under any Finance Documents) except to the extent that such disclosure to a tax authority is necessary to establish that such Loan, Commitment or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations or is otherwise required thereunder.”

		
	(e)
	Delete Clause 28.3(b)(iii) (Transfers by Lenders).

		
	(f)
	Amend Clause 28.10 (Register) to add the following to such Clause:

“Without limitation of any other provision of this Clause 28, no transfer of an interest in a Loan or Commitment hereunder shall be effective unless and until recorded in the Register.”

26

SCHEDULE 10 
SEVENTH AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
All references to Clauses, Paragraphs, Schedules and definitions contained in this Schedule 10 are to Clauses, Paragraphs, Schedules and definitions of the Credit Agreement. All capitalised terms used in this Schedule but not defined shall have the meanings given to such terms in the Credit Agreement. 
In this Schedule, references to “recent Liberty precedent” shall be construed to mean any Liberty Global Reference Agreement.
		
	1.
	Related Fund: amend clause 1.1 (Definitions) to delete the definition of “Related Fund” and replace it with the following: 

“Related Fund” in relation to a fund or account that, in each case, invests in commercial loans (the “first fund”), means any other fund or account that, in each case, invests in commercial loans which is managed or administered directly or indirectly by the same investment manager or investment adviser as the first fund or, if it is managed by a different investment manager or investment adviser, a fund or account that, in each case, invests in commercial loans whose investment manager or investment adviser is an Affiliate of the investment manager or investment adviser of the first fund.”

27

SCHEDULE 11 
EIGHTH AMENDMENTS, WAIVERS, CONSENTS AND OTHER MODIFICATIONS
All references to Clauses, Paragraphs, Schedules and definitions contained in this Schedule 11 are to Clauses, Paragraphs, Schedules and definitions of the Credit Agreement. All capitalised terms used in this Schedule but not defined shall have the meanings given to such terms in the Credit Agreement.
In this Schedule, references to “recent Liberty precedent” shall be construed to mean any Liberty Global Reference Agreement.
		
	1.
	Resignation of Obligors

Add a new “Clause [X] (Resignation of an Obligor (other than UPC Broadband))” to the Credit Agreement on terms consistent with those in Clause 29.11 (Resignation of an Obligor (other than the Company)) of the credit agreement originally dated 1 August 2007 between among others Telenet BVBA as the Company and The Bank of Nova Scotia as the Facility Agent as last amended and restated on 16 November 2018, mutatis mutandis, and make all conforming changes required to incorporate such clause.
		
	2.
	Defaulting Lenders:  amend paragraph (a) of Clause 27.8 (Disenfranchisement of Defaulting Lenders) such that it reads as follows:

“In ascertaining the Majority Lenders, affected Lenders, all Lenders or any other class of Lenders (as applicable) or whether any given percentage (including, for the avoidance of doubt, unanimity) of any of the Commitments has been obtained to approve any request for a consent, waiver, amendment or other vote under the Finance Documents, a Defaulting Lender’s Available Commitments and participations will be deemed to be zero.”
		
	3.
	Cross Default EOD: amend Clause 21.5 (Cross-default) by deleting the words “or is placed on demand, in each case;” at paragraph (b).

		
	4.
	Changes to the Parties:

		
	(a)
	Amend the new language to be included pursuant to paragraph 3 of Schedule 9 of this Agreement to add the words “except to the extent permitted by this Agreement and” at the start of the paragraph.

		
	(b)
	Amend paragraph (c)(i) of Clause 28.8 (Additional Obligors) to add the words “under the relevant Facility” after the words “Majority Lenders”.

		
	5.
	Transfers:

		
	(a)
	Delete paragraph (a), (b) and (c) of Clause 28.3 (Transfers by Lenders) and replace it with the following new paragraphs (a) and (b) and make consequential changes to the numbering of the subsequent clauses:

		
	“(a)
	Subject to the other provisions of this Clause 28, any Lender (an “Existing Lender”) may, at any time, (i) assign all or any of its rights and benefits, (ii) transfer (by way of novation) all or any of its rights, benefits and obligations or (iii) enter into a Sub-participation in respect of any of its rights, benefits and obligations, in each case under any Finance Documents to another person (the “New Lender”) provided that:

28

		
	(i)
	the prior written consent of UPC Broadband is received in respect of any assignment, transfer or Sub-participation, such consent not to be unreasonably withheld, and provided further that:

		
	(A)
	such consent shall be deemed to have been given if not declined in writing within ten Business Days of a written request by any Lender to UPC Broadband;

		
	(B)
	no consent shall be required in the case of any assignment, transfer or Sub-participation by a Lender to another Lender and/or to its Affiliate (or, if applicable, to any Related Fund); and

		
	(C)
	no consent shall be required in the case of any assignment, transfer or Sub-participation to any New Lender at any time after the occurrence of an Event of Default which is continuing pursuant to any of Clauses 21.2 (Non-payment), 21.6 (Insolvency), 21.7 (Insolvency Proceedings), 21.9 (Creditors’ Process) or 21.10 (Similar Proceedings);

		
	(ii)
	the New Lender makes the representation set out in paragraph [X]1 of the Transfer Agreement; and

		
	(iii)
	in the case of a partial assignment, transfer or novation of rights and/or obligations, such assignment, transfer or novation shall be in a minimum amount (in relation to an Additional Facility Commitment denominated in Euros) of €1,000,000 or (in relation to an Additional Facility Commitment denominated in US Dollars) of US$1,000,000 or, in each case, such lower amount as the Existing Lender may agree with UPC Broadband (save that in the case of a partial assignment, transfer or novation by a Lender of its rights and/or obligations under an Additional Facility to an Affiliate or Related Fund of that Lender, such assignment, transfer or novation shall be in a minimum amount (in relation to an Additional Facility Commitment denominated in Euros) of €500,000 or (in relation to an Additional Facility Commitment denominated in US Dollars) of US$500,000 or, in each case, such lower amount as that Lender may agree with UPC Broadband).

		
	(b)
	Notwithstanding any other provision of this Agreement, no Lender shall be entitled to assign, transfer or sub-participate any of its rights, benefits or obligations under the Finance Documents in relation to a Revolving Facility without the prior written consent of UPC Broadband, provided that no such consent shall be required in the case of any assignment, transfer or Sub-participation:

		
	(i)
	by a Lender to another Lender under the Revolving Facility and/or to its Affiliate (or, if applicable, to any Related Fund), in each case, which is a deposit taking financial institution authorised by a financial services regulator or similar regulatory body which has a long term credit rating equal to or better than BBB or Baa2 (as applicable) according to at least two of Moody’s, Standard & Poor’s or Fitch; and

_______________________

1 Relating to qualifying lender representation in line with Liberty precedent.

29

		
	(ii)
	to any New Lender at any time after the occurrence of an Event of Default which is continuing pursuant to any of Clauses 21.2 (Non-payment), 21.6 (Insolvency), 21.7 (Insolvency Proceedings), 21.9 (Creditors’ Process) or 21.10 (Similar Proceedings).”

		
	(b)
	Amend Clause 28.3 (Transfers by Lenders) to include the following new paragraphs:

		
	(i)
	“Notwithstanding any other provision of this Agreement, no Lender shall be entitled to assign, transfer or sub-participate any of its rights, benefits or obligations under the Finance Documents to a New Lender that is a Defaulting Lender or a Sanctioned Lender, in each case without the prior written consent of UPC Broadband (acting in its sole discretion).

		
	(ii)
	Notwithstanding any other provision of this Clause 28.3 (Transfers by Lenders), no assignment or transfer shall be permitted to settle or otherwise become effective within the period of five Business Days prior to the last day of the Interest Period for the relevant Advance.

		
	(iii)
	Each New Lender, by executing the relevant Transfer Agreement or Novation Certificate, confirms, for the avoidance of doubt, that the Facility Agent has authority to execute on its behalf any amendment or waiver that has been approved by or on behalf of the requisite Lender or Lenders in accordance with this Agreement on or prior to the date on which the transfer or assignment becomes effective in accordance with this Agreement and that it is bound by that decision to the same extent as the transferring Lender would have been had it remained a Lender.”

		
	6.
	Releases

		
	(a)
	Amend Clause 27.4 (Release of Guarantees and Security) as follows:

		
	(i)
	delete sub-paragraph (b)(i) and replace it as follows:

		
	“(i)
	the disposal (A) is permitted under Clause 19.11 (Disposals), (B) is in accordance with the release of any Obligor in accordance with this Agreement, (C) is as a result of, or in connection with, any solvent liquidation or dissolution that complies with Clause 19.29 (Internal Reorganisation) or (D) the consent of the Majority Lenders has been  obtained; and”

(iv)     delete sub-paragraph (d) and replace it as follows:
		
	“(d)
	The Security Agent shall (and it is hereby authorised by the other Finance Parties to) at the cost of the relevant Obligor, execute such documents as may be required or desirable to effect any release (i) permitted under this Clause 27.4 (Release of Guarantees and Security), (ii) required to permit the granting of any Security Interest permitted under Clause 19.8 (Negative pledge), (iii) expressly permitted under the Finance Documents (excluding, for the avoidance of doubt, pursuant to any consent obtained from the Majority Lenders), (iv) permitted under the Intercreditor Agreement, (v) to which a prior written consent of the relevant Lenders has been granted in accordance with paragraph (f) of Clause 27.2 (Exceptions), (vi) in connection with any Permitted Transaction (other than a Permitted Transaction pursuant to paragraph (a) or 

30

(g) of that definition) or (vii) if it is necessary or desirable in connection with Clause 19.29 (Internal Reorganisation).”
(v)     Add  new sub-paragraphs (f) and (g) as follows:
		
	“(f)
	Notwithstanding any other provision of this Agreement, UPC Broadband may require the Security Agent to, and the Security Agent shall (and it is hereby authorised by the other Finance Parties to) at the cost of the relevant Obligor, execute such documents as may be required or desirable to effect the release of the Security granted over any asset of an Obligor pursuant to the Security Documents to which it is a party to enable the relevant Obligor to grant in connection with that asset any encumbrance permitted under Clause 19.8 (Negative pledge). If, immediately prior to such release the relevant Obligor was treated as an Obligor for the purpose of the 80% Security Test, the relevant Obligor shall continue to be treated as an Obligor for those purposes notwithstanding any such release.

		
	(g) 
	UPC Broadband may designate that any Affiliate Subsidiary is no longer an Affiliate Subsidiary and require the Security Agent to, and the Security Agent shall (and it is hereby authorised by the other Finance Parties to) at the cost of UPC Broadband, execute such documents as may be required or desirable to effect the release of the guarantees provided and Security granted in connection with the accession of such Affiliate Subsidiary as a Guarantor (“Affiliate Subsidiary Release”); provided that immediately after giving effect to such Affiliate Subsidiary Release, either (i) the Guarantors at the relevant time represent a percentage which is greater than that required to satisfy the 80% Security Test and UPC Broadband provides a certificate to the Facility Agent certifying that upon the Affiliate Subsidiary Release the 80% Security Test would continue to be satisfied or (ii) no Default or Event of Default shall have occurred and be continuing or would occur as a consequence thereof and either (1) an Obligor could incur at least €1.00 of additional Financial Indebtedness pursuant to paragraph (xxii) of the definition of Permitted Financial Indebtedness or (2) the ratios of Senior Net Debt to Annualised EBITDA and of Total Net Debt to Annualised EBITDA would be no greater than they were immediately prior to giving  effect to such designation, in each case, on a pro forma basis taking into account such Affiliate Subsidiary Release.”

		
	7.
	Break Costs: amend sub-paragraph (a)(i) of the definition of “Break Costs” in Clause 1.1 (Definitions) to include the words “and the effect of any interest rate floor” after the words “excluding the Margin” in parentheses.

		
	8.
	Term Loan Interest Periods:

In paragraph (b) of Clause 11.2 (Selection of Interest Periods) delete the words “1, 2, 3 or 6 months, or, in each case, such other period of up to 12 months as the Lenders whose Commitments under the relevant Term Facility that aggregate more than 50% of the aggregate Commitments under that Term Facility may agree with the Borrower” and replace them with the following words:
“(i) 1, 2, 3 or 6 months; (ii) any shorter period agreed by the relevant Borrower and the Facility Agent; (iii) any longer period of up to 12 months agreed by the relevant Borrower and the Facility Agent (acting on the instruction of the Majority Lenders in relation to the relevant Facility); and (iv) in connection with the first Term Facility Advance under any Term Facility, any other period of six months or less as agreed to by the relevant Borrower and the Facility Agent”.

31

		
	9.
	Hedge Counterparties: in the definitions of “Acceptable Hedge Counterparty” and “Hedge Counterparty” in Clause 1.1 (Definitions) of the Intercreditor Agreement, after the words “credit institution” add the words “or financial institution”.

		
	10.
	Permitted Financing Action:

		
	(a)
	Amend Clause 12.1 (Place of Payment) to add the following words to the end of that Clause:

“, in each case, other than any payment to be made on a cashless basis as part of a Permitted Financing Action.”.
		
	(b)
	Amend Clauses 12.2 (Funds) and 12.3(a) (Distribution) to add the following words to the end of that Clause:

“, in each case, other than any payment to be made on a cashless basis as part of a Permitted Financing Action.
		
	11.
	Amendments and waivers:

		
	(a)
	Add a new paragraph to Clause 27 (Amendments and Waivers) to include the following as a new paragraph:

“Notwithstanding anything to the contrary in the Finance Documents, a Finance Party may unilaterally waive, relinquish or otherwise irrevocably give up all or any of its rights under any Finance Document with the consent of UPC Broadband.”
		
	(b)
	Delete paragraph (f) of Clause 27.2 (Exceptions) and replace it with the following:

“A waiver of issuance or the release of any Guarantor from any of its obligations under Clause 17 (Guarantee) or a release of any Security under the Security Documents, in each case, other than in accordance with the terms of any Finance Document shall require the prior written consent of affected Lenders whose Available Commitments plus Outstandings amount in aggregate to more than 75 per cent. of the aggregate Available Commitments plus Outstandings of those affected Lenders. This Clause may not be amended without the consent of Lenders whose Available Commitments plus Outstandings amount in aggregate to more than 75 per cent. of the aggregate Available Commitments plus Outstandings.”
		
	(c)
	Add a new paragraph (h) to Clause 27.2 (Exceptions) as follows:

“No amendment or waiver of a term of any Ancillary Facility Document shall require the consent of any Finance Party other than the relevant Ancillary Facility Lender.”
		
	(d)
	Amend sub-paragraph (a)(vii) of Clause 27.2 (Exceptions) by adding the following proviso at the end:

“(provided that paragraph (f) below may be amended with the consent of Lenders whose Available Commitments plus Outstandings amount in aggregate to more than 75 per cent. of the aggregate Available Facilities plus Outstandings); or”
		
	12.
	Prepayments: amend Clause 10.9 (Miscellaneous Provisions) to delete paragraph (f) and replace it with the following:

32

“Other than in relation to any prepayment under Clause 10.7 (Right of prepayment and Cancellation in relation to a Single Lender) or Clause 16.1 (Illegality), any prepayment in part of any Advance shall be applied against the participations of the Lenders in that Advance pro rata (except to the extent any part of an Advance is to be repaid on a cashless basis as part of a Permitted Financing Action).”
		
	13.
	Majority Lenders: Add the words “in relation to the Facility in respect of that Utilisation” after the words “Majority Lenders” in paragraph (a)(i) of the definition of “Non-Funding Lender” in Clause 1.1 (Definitions).

		
	14.
	Release Condition:

		
	(a)
	Amend Clause 19 (Undertakings) to add the following words as a new Clause 19.33:

“19.33    Ratings Trigger
		
	(1)
	Notwithstanding anything to the contrary in this Agreement or any other Finance Document, during the period (if any) that a Release Condition (as defined in paragraph (d) below) is satisfied:

		
	(i)
	the following obligations and restrictions shall be suspended and shall not apply:

		
	(A)
	the requirement to make mandatory prepayments under Clause 10.5 (Mandatory prepayment from disposal proceeds);

		
	(B)
	the restrictions under Clause 19.11 (Disposals);

		
	(C)
	the provisions of Clause 19.12 (Acquisitions and mergers);

		
	(D)
	the provisions of Clause 19.13 (Restrictions on Financial Indebtedness);

		
	(E)
	the provisions of Clause 19.14 (Restricted Payments);

		
	(F)
	the provisions of Clause 19.15 (Loans and guarantees);

		
	(G)
	the provisions of Clause 19.16 (Environmental matters);

		
	(H)
	the restrictions under Clause 19.17 (Insurance);

		
	(I)
	the restrictions under Clause 19.18 (Intellectual Property Rights);

		
	(J)
	the restrictions under Clause 19.19 (Share capital);

		
	(K)
	the restrictions under Clause 19.20 (Priority);

		
	(L)
	the restrictions under Clause 19.21 (Share security);

		
	(M)
	the restrictions under Clause 19.22 (Shareholder Loans);

		
	(N)
	the restrictions under Clause 19.23 (Further security over receivables);

		
	(O)
	the restrictions under Clause 19.25 (ERISA); and

		
	(P)
	the provisions of paragraph (b) of Clause 28.8 (Additional Obligors);

33

		
	(ii)
	the leverage financial covenant in Clause 20.2 (Financial Ratio) shall only be tested semi annually (for the Ratio Period ending on the second and fourth Quarter Dates in each financial year) if the Financial Ratio Test Condition is met on such second and fourth Quarter Dates in each financial year and the Financial Ratio Test Condition will only apply to such second and fourth Quarter Dates;

		
	(iii)
	the relevant Margin payable on any utilisation or Unpaid Sum (as applicable) under any Additional Facility (to the extent specified in the relevant Additional Facility Accession Agreement for that Additional Facility) will be reduced by 0.50 per cent. per annum; and

		
	(iv)
	the amount of each basket set by reference to a monetary amount for which a specific amount is set out in this Agreement and any definitions used therein (including all “annual”, “life of Facilities” and “at any time” and “aggregate” baskets) shall be increased by 50 per cent.

		
	(b)
	If at any time after a Release Condition has been satisfied and a Release Condition subsequently ceases to be satisfied, any breach of this Agreement or any other Finance Document that arises as a result of any of the obligations, restrictions or other terms referred to in paragraph (a) above ceasing to be suspended or amended shall not (provided that it did not constitute an Event of Default at the time the relevant event or occurrence took place) constitute (or result in) a breach of any term of this Agreement or any other Finance Documents, a Default or an Event of Default.

		
	(c)
	In respect of any amount which has not been applied in mandatory prepayment of the Facilities in accordance with Clause 10.5 (Mandatory prepayment from disposal proceeds) as a result of the Release Condition being satisfied (the “Released Amounts”), if the Release Condition subsequently ceases to be satisfied after the date the prepayment would have been required had the Release Condition not been satisfied, the failure to apply the Released Amounts in prepayment shall not result in a breach of any term of this Agreement or any other Finance Document.

		
	(d)
	For the purposes of this Clause 19.33 the “Release Condition” means the Facilities or UPC Broadband receive any two of the following:

		
	(i)
	a rating of “Baa3” (or the equivalent) or higher from Moody’s or any of its successors or assigns;

		
	(ii)
	a rating of “BBB-” (or the equivalent) or higher from Standard & Poor’s or any of its successors or assigns; and/or

		
	(iii)
	a rating of “BBB-” (or the equivalent) or higher from Fitch or any of its successors or assigns,

in each case, with a “stable outlook” from such rating agency.”
		
	(1)
	Amend the definition of “Margin” in Clause 1.1 (Definitions) to include the following wording at the end of that definition:

“, and if applicable, as reduced pursuant to Clause 19.33 (Ratings Trigger)”.
		
	15.
	Default Interest: amend “two” in Clause 11.8(a) (Default interest) to read “one”.

34

SIGNATORIES
Facility Agent and Security Agent
THE BANK OF NOVA SCOTIA as Facility Agent
By:     [AUTHORIZED SIGNATORY]
Title:     Director
By:     [AUTHORIZED SIGNATORY]
Title:     Director
THE BANK OF NOVA SCOTIA as Security Agent
By:     [AUTHORIZED SIGNATORY]
Title:     Director
By:     [AUTHORIZED SIGNATORY]
Title:     Director

(Signature page to Acquisition Facilities AW Accession Agreement)

Company
UPC BROADBAND HOLDING B.V.
By:     [AUTHORIZED SIGNATORY]
Title:     Managing Director of Liberty Global Europe Management B.V.

By:     [AUTHORIZED SIGNATORY]
Title:     Managing Director of Liberty Global Europe Management B.V. 

(Signature page to Acquisition Facilities AW Accession Agreement)

Additional Facility AW Lender
THE BANK OF NOVA SCOTIA
By:     [AUTHORIZED SIGNATORY]
Title:     Director
By:     [AUTHORIZED SIGNATORY]
Title:     Director    

(Signature page to Acquisition Facilities AW Accession Agreement)AGREEMENT
AND PLAN OF MERGER

 

BY
AND AMONG

 

 

NETCAPITAL
FUNDING PORTAL, INC.

 

VALUESETTERS,
INC.

 

AND

 

NETCAPITAL
ACQUISITION VEHICLE INC.

 

August
23, 2020

 

 

 

 

    	 

    	 

    

 

 AGREEMENT
AND PLAN OF MERGER

 

 This Agreement and
Plan of Merger (this “Agreement”) is entered into as of August 23, by and among NetCapital
Funding Portal Inc., a Delaware corporation (“NCFP”), ValueSetters, Inc., a Utah
corporation (“VSTR”), and NetCapital Acquisition Vehicle Inc., a Delaware corporation
(“NCAV”) and an indirect wholly owned subsidiary of VSTR.

 

 W
I T N E S E T H

 

WHEREAS,
the Boards of Directors of NCFP, VSTR and NCAV have determined that it is in the best interests of such companies and their
respective stockholders to consummate the merger of NCAV with and into NCFP with NCFP as the surviving
corporation (the “Merger”);

 

WHEREAS,
NCAV is wholly owned by Netcapital Systems LLC, a Utah limited liability company, (“LLC”);

 

WHEREAS,
LLC is wholly owned by VSTR and is a disregarded entity for federal income tax purposes; 

 

WHEREAS,
LLC, as the sole stockholder of NCAV, will approve this Agreement, the Merger and the transactions contemplated
by this Agreement pursuant to action taken by written consent in accordance with the requirements of the Delaware General
Corporation (the “GCL”) and the Bylaws of NCAV;

 

WHEREAS,
NetCapital Systems LLC, a Delaware limited liability company (“NCS”) as the sole shareholder of NCFP has approved
this Agreement, the Merger and the transactions contemplated by this Agreement pursuant to the GCL and NCS’ Limited Liability
Company Agreement;

 

WHEREAS,
pursuant to the Merger, among other things, the outstanding shares of common stock of NCFP shall be converted into
the right to receive upon the Effective Time (as hereinafter defined) the Merger Consideration (as hereinafter defined);

 

WHEREAS,
prior to the Merger, VSTR will perform a reverse stock split of its 831,269,212 outstanding shares of common stock at a rate of
2000:1;

 

WHEREAS,
the parties to this Agreement intend to adopt this Agreement as a plan of reorganization within the meaning
of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations promulgated
thereunder, and intend that the Merger and the transactions contemplated by this Agreement be undertaken pursuant
to that plan; and

 

WHEREAS,
the parties to this Agreement intend that the Merger qualify as a “reorganization,” within the
meaning of Section 368(a) of the Code, and that VSTR, NCFP and NCAV will each be a “party to a reorganization,”
within the meaning of Section 368(b) of the Code, with respect to the Merger.

 

NOW,
THEREFORE, in consideration of the representations, warranties and covenants contained herein, the parties hereto agree
as follows:

 

    	 

    	 

    

 ARTICLE I

DEFINITIONS

 

As
used herein, the following terms shall have the following meanings (such meaning to be equally applicable to both the singular
and plural forms of the terms defined):

 

“Affiliate”
has the meaning as defined in Rule 12b-2 promulgated under the Exchange Act, as such regulation is in effect on the date hereof.

 

“Delaware
Agreement of Merger” shall mean the Agreement of Merger, to be accompanied by the related officer’s
certificates, in substantially the forms attached hereto as Exhibit B.

 

“Certificate
of Merger” shall mean the certificate of merger in substantially the form attached hereto as Exhibit
A.

 

“Closing”
shall have the meaning as set forth in Section 2.1 hereof.

 

“Closing
Date” shall have the meaning as set forth in Section 2.1 hereof. 

 

“Code”
has the meaning ascribed thereto in the preambles to this Agreement.

 

“Copyrights”
has the meaning ascribed thereto in Section 3.20(a).

 

“Effective
Date” shall have the meaning ascribed thereto in Section 2.1 hereof.

 

“Effective
Time” shall have the meaning ascribed thereto in Section 2.1 hereof.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor law and the rules and regulations promulgated
thereunder.

 

“Evaluation
Material” shall have the meaning ascribed thereto in Section 6.3(a).

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder.

 

“Exchange
Rate” means (16,625 shares of VSTR Common Stock for one share of NCFP stock 16,625:1), rounded to
be whole shares.

 

“VSTR
Common Stock” shall mean the common stock, par value $.001 per share, of VSTR.

 

“VSTR
8-K Reports” shall have the meaning ascribed thereto in Section 4.4.

 

“VSTR
Insiders” shall have the meaning ascribed thereto in Section 4.9.

 

“VSTR
Intellectual Property” shall have the meaning ascribed thereto in Section 4.21.

 

“VSTR
Latest Balance Sheet” shall have the meaning ascribed thereto in Section 4.15.

 

“VSTR
Market Capitalization” shall mean, as of any given date, the closing price for VSTR Common Stock multiplied by the number
of shares of VSTR Common Stock issued and outstanding on any such date.

 

“VSTR
Permits” shall have the meaning ascribed thereto in Section 4.10(b).

 

“VSTR
Returns” shall have the meaning ascribed thereto in Section 4.7(a).

 

“VSTR
SEC Filings” shall have the meaning ascribed thereto in Section 4.4.

 

    	 

    	 

    

 

“VSTR
Subsidiary” or “VSTR Subsidiaries” shall have the meaning ascribed thereto in Section 4.6.

 

“VSTR
10-K Reports” shall have the meaning ascribed thereto in Section 4.4.

 

“GAAP”
shall mean United States generally accepted accounting principles as in effect from time to time.

 

“Knowledge”
means, with respect to an individual, that such individual is actually aware of a particular fact or other matter, with no obligation
to conduct any inquiry or other investigation to determine the accuracy of such fact or other matter. A Person other
than an individual shall be deemed to have Knowledge of a particular fact or other matter if the officers, directors
or other management personnel of such Person have Knowledge of such fact or other matter.

 

“Material
Adverse Effect” shall, with respect to an entity, mean a material adverse effect on the business, operations, and results
of operations or financial condition of such entity on a consolidated basis.

 

“Merger”
shall have the meaning ascribed thereto in the preambles of this Agreement.

 

“Merger
Consideration” means the shares of VSTR Common Stock issuable in connection with the Merger to the
holders of NCFP Common Stock, based on the Exchange Rate.

 

“Options”
shall have the meaning as set forth in Section 2.2(f) hereof.

 

“NCFP
Common Stock” means the common shares, par value $.01, of NCFP.

 

“NCFP
Financial Statements” shall have the meaning as set forth in Section 3.10 hereof.

 

“NCFP
Insiders” shall have the meaning as set forth in Section 3.8 hereof.

 

“NCFP
Intellectual Property” shall have the meaning as set forth in Section 3.20 hereof.

 

“NCFP
Latest Balance Sheet” shall have the meaning as set forth in Section 3.14 hereof.

 

“NCFP
Permits” shall have the meaning as set forth in Section 3.9(b) hereof.

 

“NCFP Returns”
shall have the meaning as set forth in Section 3.6(a) hereof.

 

“Patents”
has the meaning ascribed thereto in Section 3.20(a).

 

“Person”
means any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company,
joint venture, estate, trust, association, organization, labor union, governmental authority or other entity.

 

“Representatives”
shall have the meaning ascribed thereto in Section 6.3(a).

 

“Requisite
NCAV Stockholder Vote” shall have the meaning ascribed thereto in Section 4.2.

 

“Requisite
NCFP Stockholder Vote” shall have the meaning ascribed thereto in Section 3.2.

 

“SEC”
shall mean the United States Securities and Exchange Commission. 

 

“Securities
Act” shall mean the Securities Act of 1933, as amended, including the rules and regulations promulgated thereunder.

 

“Subsidiary”
shall mean, with respect to any Person, (i) each Person in which such Person owns directly or
indirectly fifty percent (50%) or more of the voting securities and (ii) any other Person which
such Person controls through
management, policies, contract or otherwise, and shall, in each case, unless otherwise indicated, be deemed to refer to both direct
and indirect subsidiaries of such Person.

 

    	 

    	 

    

 

“Surviving
Corporation” shall have the meaning ascribed thereto in Article II.

 

“Tax”
or “Taxes” shall mean any federal, state, local or foreign income, gross receipts, license, payroll, employment,
excise, severance, stamp, occupation, premium, property or windfall profits taxes, environmental taxes, customs duties, capital
stock, franchise, employees’ income withholding, foreign or domestic withholding, social security, unemployment, disability,
workers’ compensation, employment-related insurance, real property, personal property, sales, use, transfer, value added,
alternative or add-on minimum or other governmental tax , fee, assessment or charge of any kind whatsoever including
any interest, penalties or additions to any Tax or additional amounts in respect of the foregoing.

 

“Trademarks”
has the meaning ascribed thereto in Section 3.20(a).

  

    	 

    	 

    

 ARTICLE II

MERGER

 

Section 2.1The Merger.

 

Upon
the terms and subject to the conditions hereof, as promptly as practicable following the satisfaction or waiver of the conditions
set forth in Article VII hereof, but in no event later than two days thereafter, unless the parties shall otherwise agree, a certificate
of merger (the “Certificate of Merger”) providing for the merger of NCAV with and into NCFP (the “Merger”)
shall be duly prepared, executed and filed by NCFP in accordance with the relevant provisions of the Delaware General Corporation
Law (the “GCL”) and the parties hereto shall take any other actions required by law to make the Merger effective (the
“Effective Date”). Prior to the filing of the Certificate of Merger, a closing shall take place at the offices of
Eckert Seamans Cherin & Mellott, LLC, Two International Place, 16th Floor, Boston, MA 02110 (the “Closing”).

 

Following
the Merger, NCFP, with all its purposes, objects, rights, privileges, powers and franchises, shall continue, and NCAV shall cease
to exist. The time the Merger becomes effective is referred to herein as the “Effective Time” and the date on which
the Effective Time occurs is referred to as the “Closing Date.” The term “Surviving Corporation” as used herein shall
mean NCFP, as a Subsidiary of VSTR after giving effect to the Merger.

 

Section 2.2Effects
of Merger.

 

The
Merger shall have the effects set forth in the GCL. As of the Effective Time, (i) NCAV will merge with and into NCFP,
with NCFP as the Surviving Company, and (ii) NCFP will become an indirect Subsidiary of VSTR.

 

Section 2.3Certificate
of Incorporation and By-Laws

 

The
Certificate of Incorporation and the Bylaws of the Surviving Corporation immediately prior to the Effective Time shall remain
in effect following the Merger.

 

Section
2.4Conversion

 

At
the Effective Time, by virtue of the Merger and without any action on the part of VSTR, NCAV, NCFP or the holder of any of the
following securities:

 

		(a)	Each
                                         issued and outstanding share of NCFP Common Stock (other than shares to be cancelled
                                         in accordance with Section 2.4(b) hereof), par value $.01, shall be converted into the
                                         right to receive 1,662 fully paid and nonassessable shares of VSTR Common Stock, par
                                         value $.001. The number of VSTR shares of Common Stock shall equal 80% of the total number
                                         of such shares outstanding immediately upon issuance of the (“Merger Consideration”).

 

		(b)	Each
                                         share of NCFP Common Stock which is held in the treasury of NCFP and each share of NCFP
                                         Common Stock held by VSTR or any subsidiary of VSTR shall be cancelled and retired and
                                         cease to exist.

 

		(c)	Each
                                         issued and outstanding share of the capital stock of NCAV shall be converted into and
                                         become one fully paid and nonassessable share of NCFP Common Stock.

 

Section
2.5 Tax Consequences. 

 

It
is intended that the Merger shall constitute a reorganization within the meaning of Section 368(a) of the Internal Revenue Code
of 1986, as amended (the “Code”), and that this Agreement shall constitute a “plan of reorganization”
for the purposes of Section 368 of the Code.

 

Section 2.6Rights
of Holders of NCFP Common Stock. On and after the Effective Date and until surrendered for exchange, each
outstanding stock certificate that immediately prior to the Effective Date represented shares
of NCFP Common Stock shall be deemed for all purposes, to evidence ownership of and to represent the number of whole
and fractional shares of VSTR Common Stock into which such shares of NCFP Common Stock shall have been exchanged
pursuant to Section 2.4 above. In any matters relating to such certificates of NCFP Common Stock, VSTR may rely
conclusively upon the record of stockholders maintained by NCFP containing the names and addresses of the holders of
record of NCFP Common Stock on the Effective Date. The record holder of each such outstanding certificate representing
shares of NCFP Common Stock, shall, after the Effective Date, be entitled to vote the shares of VSTR Common Stock on
any matters on which the holders of record of VSTR Common Stock, as of any date subsequent to the Effective Date, shall
be entitled to vote.

    	 

    	 

    

 

Section
2.7 Supplemental Consideration. Following the Effective Date, if the average VSTR Market Capitalization for any 15 consecutive
trading days equals or exceeds $11,500,000, then VSTR shall issue, as a component part of the reorganization, additional VSTR
Common Stock to NCS. The number of shares to be issued shall be determined by dividing the then outstanding principal and accrued
but unpaid interest on NCS’ outstanding convertible promissory notes by the average closing price of the VSTR Common Stock
for such 15-day period.

 

Section
2.8Procedure for Exchange of Certificates

 

(a)           After
the Effective Time, the holder of certificates theretofore evidencing outstanding 1,000 shares of NCFP Common Stock,
upon surrender of such certificates to the Secretary of VSTR, shall be entitled to receive certificates representing the
number of shares of VSTR Common Stock into which shares of NCFP Common Stock theretofore represented by the
certificates so surrendered are exchangeable as provided in Section 2.5 hereof. VSTR shall not be obligated
to deliver any such shares of VSTR Common Stock to which any former holder of shares of NCFP Common Stock is
entitled until such holder surrenders the certificate or certificates representing such shares. Upon surrender, each certificate
evidencing NCFP Common Stock shall be canceled. All shares of VSTR Common Stock issued upon the surrender
for exchange of NCFP Common Stock in accordance with the above terms and conditions shall be deemed to have been issued
and paid in full satisfaction of all rights pertaining to such shares of NCFP Common Stock. 

 

(b)           Any
shares of VSTR Common Stock issued in the Merger will not be transferable except (1) pursuant to an effective
registration statement under the Securities Act or (2) upon receipt by VSTR of a written opinion of counsel
reasonably satisfactory to VSTR to the effect that the proposed transfer is exempt from the registration requirements
of the Securities Act and relevant state securities laws. Restrictive legends shall be placed on all certificates representing
shares of VSTR Common Stock issued in the Merger, substantially as follows:

 

“NO
TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY BE
MADE EXCEPT (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE
RULES AND REGULATIONS IN EFFECT THEREUNDER AND ALL APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS (SUCH FEDERAL AND
STATE LAWS, THE “SECURITIES LAWS”) OR (B) IF THE CORPORATION HAS BEEN FURNISHED WITH AN OPINION OF COUNSEL, WHICH
OPINION AND COUNSEL SHALL BE REASONABLY SATISFACTORY TO THE CORPORATION, TO THE EFFECT THAT SUCH TRANSFER, SALE, ASSIGNMENT, PLEDGE,
HYPOTHECATION OR OTHER DISPOSITION IS EXEMPT FROM THE PROVISIONS OF THE SECURITIES LAWS ”.

  

 2.9       Directors
and Officers of the Surviving Company. At the Effective Time, the directors and officers of the Surviving Company shall
be the existing directors and officers of NCFP.

 

2.10
       Directors and Officers of VSTR. At the Effective Time, the directors and officers
of VSTR shall remain unchanged. VSTR shall continue to be governed by its officers and directors. The Surviving Company shall
operate as an indirect subsidiary of VSTR.

 

    	 

    	 

    

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF NCFP

 

NCFP hereby represents
and warrants to VSTR and NCAV as follows:

 

 3.1           Organization
and Qualification. NCFP is, and on the Effective Date will be, a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware and has the requisite corporate power to carry on its business as
now conducted. The copies of the Articles of Incorporation and Bylaws of NCFP that have been made available to VSTR prior
to the date of this Agreement are correct and complete copies of such documents as in effect as of the date hereof,
and shall be in effect on the Effective Date. To NCFP’s Knowledge, NCFP is, and on the Effective
Date will be, licensed or qualified to do business in every jurisdiction in which the nature of its business or its ownership
of property requires it to be licensed or qualified.

 

 3.2           Authority
Relative to this Agreement; Non-Contravention. The execution and delivery of this Agreement by NCFP and
the consummation by NCFP of the transactions contemplated hereby have been duly authorized by the Board of
Directors of NCFP and, except for approval of this Agreement and the Merger by the requisite vote
or consent of NCFP’s stockholders (the “Requisite NCFP Stockholder Vote”), no other corporate proceedings
on the part of NCFP are necessary to authorize the execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby. This Agreement has been duly executed and delivered by NCFP and,
assuming it is a valid and binding obligation of VSTR and NCAV, constitutes a valid and binding obligation of NCFP enforceable
in accordance with its terms except as enforcement may be limited by general principles of equity whether applied in a court of
law or a court of equity and by bankruptcy, insolvency and similar laws affecting creditors’ rights and remedies generally. NCFP is
not subject to, or obligated under, any provision of (a) its Articles of Incorporation or Bylaws, (b) any agreement, arrangement
or understanding, (c) any license, franchise or permit or (d) subject to obtaining the approvals referred to in the next sentence,
any law, regulation, order, judgment or decree, which would conflict with, be breached or violated, or in respect of which a right
of termination or acceleration or any security interest, charge or encumbrance on any of its assets would be created, by the execution,
delivery or performance of this Agreement , or the consummation of the transactions contemplated hereby. Except
for (x) approval of the Financial Industry Regulatory Authority (“FINRA”), (y) the filing of the Certificate
of Merger with the Secretary of State of Delaware, and (z) the filing of the Delaware Agreement of Merger and related
officer’s certificates with the Delaware Secretary of State, no authorization, consent or approval of, or filing with, any
public body, court or authority is necessary on the part of NCFP for the consummation by NCFP of the transactions
contemplated by this Agreement. 

 

 3.3           Capitalization.

 

(a)            The
authorized, issued and outstanding shares of capital stock of NCFP as of the date hereof are 5,000, 1,000
and 1,000 shares, respectively. The issued and outstanding shares of capital stock of NCFP are, and on the Effective
Date will be, duly authorized, validly issued, fully paid and nonassessable and not issued in violation of any preemptive
rights and, to NCFP’s Knowledge, free from any restrictions on transfer (other than restrictions under the Securities
Act or state securities laws) or any option, lien, pledge, security interest, encumbrance or charge of any kind. NCFP has,
and on the Effective Date will have, no other equity securities or securities containing any equity features authorized,
issued or outstanding. There are no agreements or other rights or arrangements existing which provide for the sale or issuance
of capital stock by NCFP and there are no rights, subscriptions, warrants, options, conversion rights or agreements
of any kind outstanding to purchase or otherwise acquire from NCFP any shares of capital stock or other securities of NCFP of
any kind.

 

 3.4           Litigation. There
are no uninsured actions, suits, proceedings, orders or investigations pending or, to the Knowledge of NCFP, threatened
against NCFP, at law or in equity, or before or by, and NCFP has not received any requests (formal or informal)
for information or documents from, any federal, state or other governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, other than in the process of obtaining licenses with exposure in excess of $100,000.

 

 3.5           Subsidiaries. There
are no NCFP subsidiaries.

 

    	 

    	 

    

 3.6           Tax Matters.

 

(a)            (i) NCFP has
timely filed (or has had timely filed on its behalf) all returns, declarations, reports, estimates, information returns, and statements,
including any schedules and amendments to such documents (“NCFP Returns”), required to be filed or sent by
it in respect of any Taxes or required to be filed or sent by it by any taxing authority having jurisdiction; (ii) all
such NCFP Returns are complete and accurate in all material respects; (iii) NCFP has timely and properly paid
(or has had paid on its behalf) all Taxes required to be paid by it; (iv) NCFP has established on the NCFP
Latest Balance Sheet , in accordance with GAAP , reserves that are adequate for the payment of any Taxes not
yet paid; and (v) NCFP has complied with all applicable laws, rules, and regulations relating to the collection or withholding
of Taxes from third parties (including without limitation employees) and the payment thereof.

 

(b)            There
are no liens for Taxes upon any assets of NCFP, except liens for Taxes not yet due.

 

(c)            No deficiency
for any Taxes has been asserted, assessed or, to NCFP’s Knowledge, proposed against NCFP that
has not been resolved and paid in full or is not being contested in good faith. No waiver, extension or comparable consent
given by NCFP regarding the application of the statute of limitations with respect to any Taxes or Returns
is outstanding, nor is any request for any such waiver or consent pending. There has been no Tax audit or other administrative
proceeding or court proceeding with regard to any Taxes or NCFP Returns, nor is any such Tax audit or
other proceeding pending, nor has there been any notice to NCFP by any Taxing authority regarding any such Tax audit
or other proceeding, or, to the Knowledge of NCFP, is any such Tax audit or other proceeding threatened
with regard to any Taxes or NCFP Returns.  NCFP does not expect the assessment of any additional Taxes of NCFP for
any period prior to the date hereof and has no Knowledge of any unresolved questions, claims or disputes concerning
the liability for Taxes of NCFP which would exceed the estimated reserves established on its books and records.

 

(d)            NCFP is
not a party to any agreement, contract or arrangement that would result, separately or in the aggregate, in the payment of any
“excess parachute payments” within the meaning of Section 280G of the Code and the consummation of the transactions
contemplated by this Agreement will not be a factor causing payments to be made by NCFP not to be deductible
(in whole or in part) under Section 280G of the Code. NCFP is not liable for Taxes of any other Person,
and is not currently under any contractual obligation to indemnify any Person with respect to Taxes, or a party
to any tax sharing agreement or any other agreement providing for payments by NCFP with respect to Taxes.
NCFP is not a party to any joint venture, partnership or other arrangement or contract which could be treated as a partnership
for federal income tax purposes.  NCFP has not agreed and is not required, as a result of a change in method
of accounting or otherwise, to include any adjustment under Section 481 of the Code (or any corresponding provision
of state, local or foreign law) in taxable income. No claim has ever been made by a taxing authority in a jurisdiction where NCFP does
not currently file NCFP Returns that NCFP is or may be subject to taxation by that jurisdiction. There are
no advance rulings in respect of any Tax pending or issued by any Taxing authority with respect to any Taxes of NCFP. NCFP has
not entered into any gain recognition agreements under Section 367 of the Code and the regulations promulgated thereunder. NCFP is
not liable with respect to any indebtedness the interest of which is not deductible for applicable federal, foreign, state or
local income tax purposes.[1] NCFP has not filed or been included
in a combined, consolidated or unitary Tax return (or the substantial equivalent thereof) of any Person.

  

 

(e)            NCFP has
been neither a “distributing corporation” nor a “controlled corporation” (within the meaning of Section
355 of the Code) in a distribution of stock qualifying for tax -free treatment under Section 355 of the Code.

 

(f)             NCFP has
not requested any extension of time within which to file any NCFP Return, which return has not since been filed.

 

 

    	 

    	 

    

 3.7           Contracts
and Commitments.

 

(a)            NCFP is
either not a party to or has disclosed any of the following, whether oral or written, to which NCFP is a party, which
are currently in effect, and which relate to the operation of NCFP’s business: (i) collective bargaining agreement
or contract with any labor union; (ii) bonus, pension, profit sharing, retirement or other form of deferred compensation plan;
(iii) hospitalization insurance or other welfare benefit plan or practice, whether formal or informal; (iv) stock purchase, restricted
stock or stock option plan or other equity compensation plan; (v) contract for the employment of any officer, individual employee
or other person on a full-time or consulting basis or relating to severance pay for any such person; (vi) contract, agreement
or understanding relating to the voting of NCFP Common Stock or the election of directors of NCFP; (vii) agreement
or indenture relating to the borrowing of money or to mortgaging, pledging or otherwise placing a lien on any of the assets of NCFP;
(viii) guaranty of any obligation for borrowed money or otherwise; (ix) lease or agreement under which NCFP is lessee
of, or holds or operates any property, real or personal, owned by any other party; (x) lease or agreement under which NCFP is
lessor of, or permits any third party to hold or operate, any property, real or personal; (xi) contract which prohibits NCFP from
freely engaging in business anywhere in the world; (xii) contract or commitment for capital expenditures; (xiii) agreement for
the sale of any capital asset; or (xiv) other agreement which is either material to NCFP’s business or was not entered
into in the ordinary course of business.

 

(b)            To NCFP’s Knowledge, NCFP has
performed all obligations required to be performed by it in connection with the contracts, understandings, arrangements or commitments
described in Section (a) above and is not in receipt of any claim of default under any contract, understanding, arrangement or
commitment required to be disclosed under such caption; NCFP has no present expectation or intention of not fully performing
any material obligation pursuant to any contract, understanding, arrangement or commitment required to be disclosed under such
caption; and NCFP has no Knowledge of any breach or anticipated breach by any other party to any contract,
understanding, arrangement or commitment required to be disclosed under such caption.

 

 3.8          Affiliate
Transactions. NCFP has previously disclosed the following: agreements between NCFP and officers, directors
or employees of NCFP, or any member of the immediate family of any officer, director or employee, or any entity in which
any of such persons owns any beneficial interest (other than a publicly-held corporation whose stock is traded on a national securities
exchange or in an over-the-counter market and less than five percent of whose stock is beneficially owned by any of such persons)
(collectively “NCFP Insiders”). For purposes of this Section 3.8, the members of the immediate
family of an officer, director or employee shall consist of the spouse, parents, children and siblings of such officer, director
or employee.

 

 3.9           Compliance
with Laws; Permits.

 

(a)            To NCFP’s Knowledge, NCFP has
complied with all applicable laws, regulations and other requirements, including, but not limited to, federal, state, local and
foreign laws, ordinances, rules, regulations and other requirements pertaining to equal employment opportunity, employee retirement,
affirmative action and other hiring practices, occupational safety and health, workers’ compensation, unemployment and building
and zoning codes, and no claims have been filed against NCFP, and NCFP has not received any notice, alleging a
violation of any such laws, regulations or other requirements. NCFP is not relying on any exemption from or deferral
of any such applicable law, regulation or other requirement that would not be available to NCFP after the Effective
Date.

 

(b)            NCFP has,
in full force and effect, all licenses, permits and certificates, from federal, state, local and foreign authorities necessary
to conduct its business and operate its properties (collectively, the “NCFP Permits”), and to the Knowledge of NCFP, NCFP has
conducted its business in compliance with all material terms and conditions of the NCFP Permits . 

 

 3.10        Financial
Statements. NCFP has made available to VSTR the financial statements of NCFP as of June 30,
2020 (the “NCFP Financial Statements”). The NCFP Financial Statements have been prepared in accordance
with GAAP consistently applied with past practice (except in each case as described in the notes thereto) and on that
basis present fairly, in all material respects, the financial position and the results of operations, changes in stockholders’
equity, and cash flows of NCFP as of the dates of and for the periods referred to in the NCFP Financial Statements.

 

 3.11        Books
and Records. The books of account, minute books, stock record books, and other records of NCFP, complete copies
of which have been made available to VSTR, have been properly kept and contain noinaccuracies
except for inaccuracies that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect on VSTR. At the Closing, all of NCFP’s records will be in the possession of NCFP.

    	 

    	 

    

 

 3.12         Real
Property. NCFP does not own any real property.

 

 3.13         Insurance. The
insurance policies owned and maintained by NCFP that are material to NCFP are in full force and effect, all
premiums due and payable thereon have been paid (other than retroactive or retrospective premium adjustments that NCFP is
not currently required, but may in the future be required, to pay with respect to any period ending prior to the date of this Agreement ),
and NCFP has received no notice of cancellation or termination with respect to any such policy that has not been replaced
on substantially similar terms prior to the date of such cancellation.

 

 3.14        No Undisclosed
Liabilities. Except as reflected in the balance sheet of NCFP at June 30, 2020 (the “NCFP Latest Balance
Sheet”) and liabilities which have arisen after the date of the NCFP Latest Balance Sheet in the ordinary
course of business (none of which is a material uninsured liability), NCFP has no liabilities (whether accrued, absolute,
contingent, unliquidated or otherwise).

 

 3.15         Environmental
Matters. None of the operations of NCFP involves the generation, transportation, treatment, storage or disposal
of hazardous waste, as defined under 40 C.F.R. Parts 260-270 or any state, local or foreign equivalent.

 

 3.16         Absence
of Certain Developments. Except as disclosed in the NCFP Financial Statements or as otherwise contemplated
by this Agreement, since the date of the NCFP Latest Balance Sheet, NCFP has conducted its business only in
the ordinary course consistent with past practice.

 

 3.17         Employee
Benefit Plans.

 

NCFP has
no (i) “employee benefit plans,” within the meaning of Section 3(3) of ERISA, (ii) bonus, stock option, stock
purchase, stock appreciation right, incentive, deferred compensation, supplemental retirement, severance, and fringe benefit plans,
programs, policies or arrangements, and (iii) employment or consulting agreements, for the benefit of, or relating to, any current
or former employee (or any beneficiary thereof) of NCFP, in the case of a plan described in (i) or (ii) above, that is currently
maintained by NCFP or with respect to which NCFP has an obligation to contribute, and in the case of an agreement
described in (iii) above, that is currently in effect.

 

 3.18         Employee
Relations. To the Knowledge of NCFP, (i) neither any executive employee of NCFP nor any group
of NCFP’s employees has any plans to terminate his, her or its employment; (ii) NCFP has no material labor
relations problem pending and its labor relations are satisfactory; (iii) there are no workers’ compensation claims pending
against NCFP nor is NCFP aware of any facts that would give rise to such a claim; (iv) to the Knowledge of NCFP,
no employee of NCFP is subject to any secrecy or noncompetition agreement or any other agreement or restriction of any
kind that would impede in any way the ability of such employee to carry out fully all activities of such employee in furtherance
of the business of NCFP; and (v) no employee or former employee of NCFP has any claim with respect to any intellectual
property rights of NCFP. 

 

 3.19        Proprietary
Information and Inventions. To NCFP’s Knowledge, no current or former NCFP employee, consultant
or advisory board member who is party to a non-disclosure agreement has breached that non-disclosure agreement. To NCFP’s Knowledge,
no current NCFP employee, consultant or advisory board member who is party to an employment agreement with NCFP has
breached the non-disclosure provisions of that agreement.

 

 3.20         Intellectual
Property.

 

(a)            To
its Knowledge, NCFP owns or has valid and enforceable licenses to use all of the following used in or necessary
to conduct its business as currently conducted (collectively, the “NCFP Intellectual Property”):

 

    	 

    	 

    

(i)             patents,
including any registrations, continuations, continuations in part, renewals, and any applications for any of the foregoing (collectively,
“Patents”);

 

(ii)            registered
and unregistered copyrights and copyright applications (collectively, “Copyrights”);

 

(iii)           registered
and unregistered trademarks, service marks, trade names, slogans, logos, designs and general intangibles of the like nature, together
with all registrations and applications therefor (collectively, “Trademarks”);

 

(iv)          trade
secrets, confidential or proprietary technical information, know-how, designs, processes, research in progress, inventions and
invention disclosures (whether patentable or unpatentable);

 

(v)            software.

 

(b)           All NCFP
Intellectual Property has been disclosed.

 

(c)            To
its Knowledge, NCFP has exclusive rights to the NCFP Intellectual Property owned by it (with the exception
of any such rights retained by governmental organizations and licensors), free and clear of all liens and encumbrances. No Copyright registration, Trademark registration,
or Patent of NCFP has lapsed, expired or been abandoned or cancelled, or is subject to any pending or, to NCFP’s Knowledge,
threatened opposition or cancellation proceeding in any country.

 

(d)            To NCFP’s Knowledge (1)
neither the conduct of NCFP’s business nor the manufacture, marketing, licensing, sale, distribution or use of its
products or services infringes upon the proprietary rights of any Person , and (2) there are no infringements of the NCFP
Intellectual Property by any Person. There are no claims pending or, to NCFP’s Knowledge, threatened
(1) alleging that NCFP’s business as currently conducted infringes upon or constitutes an unauthorized use or violation
of the proprietary rights of any Person, or (2) alleging that the NCFP Intellectual Property is being infringed
by any Person, or (3) challenging the ownership, validity or enforceability of the NCFP Intellectual Property.

 

(e)            NCFP is
not, nor will it be as a result of the execution and delivery of this Agreement or the performance of its obligations
under this Agreement, in breach of any license, sublicense or other contract relating to the NCFP Intellectual Property that
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect on NCFP. 

 

 3.21        Tax -Free
Reorganization. Neither NCFP nor, to NCFP’s Knowledge, any of its Affiliates has through the
date of this Agreement taken or agreed to take any action that would prevent the Merger from qualifying as
a reorganization under Section 368(a) of the Code.

 

 3.22        Vote
Required. The affirmative vote or consent of a majority of the holders of the outstanding shares of NCFP Common
Stock is the only vote of the holders of any class or series of NCFP capital stock necessary to approve the Merger.

 

 3.23        Full
Disclosure. The representations and warranties of NCFP contained in this Agreement (and in any schedule,
exhibit, certificate or other instrument to be delivered under this Agreement) are true and correct in all material respects,
and such representations and warranties do not omit any material fact necessary to make the statements contained therein, in light
of the circumstances under which they were made, not misleading. There is no fact of which NCFP has Knowledge that
has not been disclosed to VSTR pursuant to this Agreement, including the schedules hereto, all taken together
as a whole, which has had or could reasonably be expected to have a Material Adverse Effect on NCFP or materially
adversely affect the ability of NCFP to consummate in a timely manner the transactions contemplated hereby.

 

 3.24        No Brokers
or Finders. Neither NCFP nor any of its officers, directors, employees or Affiliates has employed any broker,
finder, investment banker or investment advisor or Person performing similar function, or incurred
any liability for brokerage commissions, finders’ fees, investment advisory fees or similar compensation, in connection
with the transactions contemplated by this Agreement.

    	 

    	 

    

 

 ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF VSTR AND NCAV

 

VSTR and NCAV hereby represent
and warrant to NCFP as follows (for purposes of this Article IV, all references to VSTR shall include VSTR and VSTR’s Subsidiaries
including LLC):

 

 4.1           Organization
and Qualification. VSTR is, and on the Effective Date will be, a corporation duly organized, validly existing
and in good standing under the laws of the State of Utah. NCAV is, and on the Effective Date will be, a corporation, duly formed,
validly existing and in good standing under the laws of the State of Delaware, and each has, and on the Effective Date will
have, the requisite corporate power to carry on their respective businesses as now conducted. Each VSTR Subsidiary (other
than LLC) is, and on the Effective Date will be, a corporation duly organized, validly existing and in good standing
under the laws of the state of its organization. LLC is, and on the Effective Date will be, a limited liability company duly formed,
validly existing and in good standing under the laws of Utah. The copies of the Certificate of Incorporation and Bylaws of VSTR and
NCAV and the Certificate of Formation and Operating Agreement of LLC that have been made available to NCFP on or prior
to the date of this Agreement are correct and complete copies of such documents as in effect as of the date hereof,
and shall be in effect on the Effective Date. Each of VSTR and the VSTR Subsidiaries is, and on the Effective
Date will be, licensed or qualified to do business in every jurisdiction which the nature of its business or its ownership
of property requires it to be licensed or qualified, except where the failure to be so licensed or qualified would not have a Material
Adverse Effect on VSTR or any VSTR Subsidiary.

 

 4.2           Authority
Relative to this Agreement; Non-Contravention. Each of VSTR and NCAV has the requisite corporate
power and authority to enter into this Agreement, and to carry out its obligations hereunder. The execution and delivery
of this Agreement by VSTR and NCAV, and the consummation by VSTR and NCAV of the
transactions contemplated hereby have been duly authorized by (i) the Boards of Directors of VSTR and NCAV and
(ii) the manager of NCAV ’s sole stockholder (the “Requisite NCAV Stockholder Vote”). No further
corporate proceedings on the part of VSTR or NCAV are necessary to authorize the execution and delivery of
this Agreement and the consummation of the transactions contemplated hereby or will otherwise be sought by VSTR.
This Agreement has been duly executed and delivered by VSTR and NCAV and, assuming it is a valid
and binding obligation of NCFP, constitutes a valid and binding obligation of VSTR and NCAV enforceable
in accordance with its terms except as enforcement may be limited by general principles of equity whether applied in a court of
law or a court of equity and by bankruptcy, insolvency and similar laws affecting creditors’ rights and remedies generally. VSTR is
not subject to, or obligated under, any provision of (a) its Certificate of Incorporation or Bylaws, (b) any agreement, arrangement
or understanding, (c) any license, franchise or permit, nor (d) subject to obtaining the approvals referred to in the next sentence,
any law, regulation, order, judgment or decree, which would conflict with, be breached or violated, or in respect of which a right
of termination or acceleration or any security interest, charge or encumbrance on any of its assets would be created, by the execution,
delivery or performance of this Agreement or the consummation of the transactions contemplated hereby, other than
any such conflicts, breaches, violations, rights of termination or acceleration or security interests, charges or encumbrances
which, in the aggregate, could not reasonably be expected to have a Material Adverse Effect on VSTR. Except for
(x) the filing of the Certificate of Merger with the Delaware Secretary of State, (y) the filing of the Delaware
Agreement of Merger and related officer’s certificates with the Delaware Secretary of State, and (z) the filing with
the SEC of Current Reports on Form 8-K with respect to the execution and closing of this Agreement , no authorization,
consent or approval of, or filing with, any public body, court or authority is necessary on the part of VSTR or NCAV for
the consummation by VSTR or NCAV of the transactions contemplated by this Agreement . 

 

 4.3           Capitalization.

 

(a)            The
issued and outstanding shares of capital stock of VSTR as of the date hereof are 831,269,212. Prior to the Effective
Date, VSTR shall complete a reverse stock split at 2,000:1 with the result that approximately 415,635 shares of VSTR shall be
outstanding on the Effective Date. The issued and outstanding shares of capital stock of VSTR are, and on the Effective
Date will be, duly authorized, validly issued, fully paid and nonassessable and not issued in violation of any preemptive
rights and, to VSTR’s Knowledge, free from any restrictions
on transfer (other than restrictions under the Securities Act or state securities laws) or any option, lien, pledge,
security interest, encumbrance or charge of any kind. VSTR has, and on the Effective Date will have, no other
equity securities or securities containing any equity features authorized, issued or outstanding. There are no agreements or other
rights or arrangements existing which provide for the sale or issuance of capital stock by VSTR and, except as set forth
on Schedule 4.3(a), there are no rights, subscriptions, warrants, options, conversion rights or agreements of any
kind outstanding to purchase or otherwise acquire from VSTR any shares of capital stock or other securities of VSTR of
any kind, and there will not be any such agreements prior to or on the Effective Date. There are, and on the Effective
Date there will be, no agreements or other obligations (contingent or otherwise) which may require VSTR to repurchase
or otherwise acquire any shares of its capital stock.

    	 

    	 

    

 

(b)            VSTR is
not a party to, and, to VSTR’s Knowledge, there do not exist, any voting trusts, proxies, or other contracts with
respect to the voting of shares of capital stock of VSTR.

 

(c)            The
authorized capital of NCAV consists of 1,000 shares of common stock, par value $$0.001 per share, all of which are,
and on the Effective Date will be, issued and outstanding and held of record by VSTR. The issued and outstanding
shares of capital stock of NCAV are, and on the Effective Date will be, duly authorized, validly issued, fully
paid and nonassessable and have not been issued in violation of any preemptive rights, and, to VSTR’s Knowledge,
free from any restrictions on transfer (other than restrictions under the Securities Act or state securities laws) or
any option, lien, pledge, security interest, encumbrance or charge of any kind. There are no rights, subscriptions, warrants,
options, conversion rights or agreements of any kind outstanding to purchase or otherwise acquire from NCAV any shares
of capital stock or other securities of NCAV of any kind, and there will not be any such agreements prior to or on the Effective
Date. There are, and on the Effective Date there will be, no agreements or other obligations (contingent or otherwise)
which may require NCAV to repurchase or otherwise acquire any shares of its capital stock.

 

 4.4           Exchange
Act Reports. Prior to the date of this Agreement, VSTR has made available to NCFP complete and
accurate copies of (a) VSTR’s Annual Reports on Form 10-K for the two most recent fiscal years (collectively, the “VSTR
10-K Reports”), as filed with the SEC and (b) all Current Reports on Form 8-K, as filed with the SEC after
June 30, 2019 (the “VSTR 8-K Reports” and, together with the VSTR 10-K Reports , the “VSTR
SEC Filings”). As of their respective dates or as subsequently amended prior to the date hereof, each of the VSTR
SEC Filings (i) did not contain any untrue statement of a material fact or omit to state a material fact required to be stated
therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading
and (ii) complied as to form in all material respects with the applicable rules and regulations of the SEC. The financial
statements (including footnotes thereto) included in or incorporated by reference into the VSTR 10-K Reports were prepared
in accordance with GAAP applied on a consistent basis during the periods involved (except as otherwise noted therein) and
fairly present, in all material respects, the financial condition of VSTR as of the dates thereof and results of operations
for the periods referred to therein. Since January 1, 2019, VSTR has filed in a timely manner all reports that it was
required to file with the SEC pursuant to Section 13(a), 14(a), 14(c) and 15(d) of the Exchange Act.

 

 4.5           Litigation. As
of the date hereof, there are no actions, suits, proceedings, orders or investigations pending or, to the Knowledge of VSTR,
threatened against VSTR, at law or in equity, or before or by any federal, state or other governmental department, commission,
board, bureau, agency or instrumentality, domestic or foreign.

 

 4.6           Subsidiaries. Schedule
4.6 correctly sets forth the name and jurisdiction of incorporation or formation of each subsidiary of VSTR (each
a “VSTR Subsidiary” and collectively, the “VSTR Subsidiaries”). Except as disclosed on Schedule
4.6, all of the issued and outstanding shares of capital stock of each VSTR Subsidiary are owned directly or indirectly
by VSTR free and clear of any option, lien, pledge, security interest, encumbrance or charge of any kind. All of the
outstanding shares of capital stock of each VSTR Subsidiary have been, and on the Effective Date will be,
duly and validly authorized and issued and are fully paid and nonassessable. Except as set forth in Schedule 4.6, VSTR does
not, and on the Effective Date will not, own a material amount of any stock, partnership interest, joint venture interest
or any other security or ownership interest issued by any other Person that is not a VSTR Subsidiary, except for
the ownership disclosed in Form 10-K for the year ended April 30, 2020. 

 

 

    	 

    	 

    

4.7           Tax Matters.

 

(a)            (i) VSTR has
timely filed (or has had timely filed on its behalf) all returns, declarations, reports, estimates, information returns, and statements,
including any schedules and amendments to such documents (“VSTR Returns”), required to be filed or sent by
it in respect of any Taxes or required to be filed or sent by it by any taxing authority having jurisdiction; (ii) all
such VSTR Returns are complete and accurate in all material respects; (iii) VSTR has timely and properly paid
(or has had paid on its behalf) all Taxes required to be paid by it; (iv) VSTR has established on the VSTR
Latest Balance Sheet , in accordance with GAAP, reserves that are adequate for the payment of any Taxes not
yet paid; (v) VSTR has complied with all applicable laws, rules, and regulations relating to the collection or withholding
of Taxes from third parties (including without limitation employees) and the payment thereof.

 

(b)            There
are no liens for Taxes upon any assets of VSTR, except liens for Taxes not yet due.

 

(c)            No deficiency
for any Taxes has been asserted, assessed or, to VSTR’s Knowledge, proposed against VSTR that
has not been resolved and paid in full or is not being contested in good faith. No waiver, extension or comparable consent
given by VSTR regarding the application of the statute of limitations with respect to any Taxes or Returns
is outstanding, nor is any request for any such waiver or consent pending. There has been no Tax audit or other administrative
proceeding or court proceeding with regard to any Taxes or VSTR Returns, nor is any such Tax audit or
other proceeding pending, nor has there been any notice to VSTR by any Taxing authority regarding any such Tax audit
or other proceeding, or, to the Knowledge of VSTR, is any such Tax audit or other proceeding threatened
with regard to any Taxes or VSTR Returns. VSTR does not expect the assessment of any additional Taxes of VSTR for
any period prior to the date hereof and has no Knowledge of any unresolved questions, claims or disputes concerning
the liability for Taxes of VSTR which would exceed the estimated reserves established on its books and records.

 

(d)           VSTR is
not a party to any agreement, contract or arrangement that would result, separately or in the aggregate, in the payment of any
“excess parachute payments” within the meaning of Section 280G of the Code and the consummation of the transactions
contemplated by this Agreement will not be a factor causing payments to be made by VSTR not to be deductible
(in whole or in part) under Section 280G of the Code. VSTR is not liable for Taxes of any other Person,
and is not currently under any contractual obligation to indemnify any Person with respect to Taxes, or a party
to any tax sharing agreement or any other agreement providing for payments by VSTR with respect to Taxes. VSTR is
not a party to any joint venture, partnership or other arrangement or contract which could be treated as a partnership for federal
income tax purposes. VSTR has not agreed and is not required, as a result of a change in method of accounting
or otherwise, to include any adjustment under Section 481 of the Code (or any corresponding provision of state, local
or foreign law) in taxable income. No claim has ever been made by a taxing authority in a jurisdiction where VSTR does
not currently file VSTR Returns that VSTR is or may be subject to taxation by that jurisdiction. There are
no advance rulings in respect of any Tax pending or issued by any Taxing authority with respect to any Taxes of VSTR. VSTR has
not entered into any gain recognition agreements under Section 367 of the Code and the regulations promulgated thereunder. VSTR is
not liable with respect to any indebtedness the interest of which is not deductible for applicable federal, foreign, state or
local income tax purposes.

 

(e)            VSTR has
been neither a “distributing corporation” nor a “controlled corporation” (within the meaning of Section
355 of the Code) in a distribution of stock qualifying for tax -free treatment under Section 355 of the Code.

 

 4.8           Contracts
and Commitments.

 

(a)            VSTR is
not a party to any of the following, whether oral or written, which are currently in effect, and which relate to the operation
of VSTR’s business: (i) collective bargaining agreement or contract with any labor union; (ii) bonus, pension, profit
sharing, retirement or other form of deferred compensation plan; (iii) hospitalization insurance or other welfare benefit plan
or practice, whether formal or informal; (iv) stock purchase or stock option plan; (v) contract for the employment of any officer,
individual employee or other person on a full-time or consulting basis or relating to severance pay for any such person, except
as disclosed in Form 10-K for the year ended April 30, 2020; (vi) confidentiality agreement; (vii) contract, agreement or understanding
relating to the voting of VSTR Common Stock or the election of directors of VSTR, other than the Voting Agreement ;
(viii) agreement or indenture relating to the borrowing of money or to mortgaging, pledging or otherwise placing a lien on any
of the assets of VSTR,
except as disclosed in Form 10-K for the year ended April 30, 2020; (ix) guaranty of any obligation for borrowed money or otherwise,
except as disclosed in Form 10-K for the year ended April 30, 2020; (x) lease or agreement under which VSTR is lessee
of, or holds or operates any property, real or personal, owned by any other party, for which the annual rental exceeds $50,000;
(xi) lease or agreement under which VSTR is lessor of, or permits any third party to hold or operate, any property,
real or personal, for which the annual rental exceeds $50,000; (xii) contract which prohibits VSTR from freely engaging
in business anywhere in the world; (xiii) license agreement or agreement providing for the payment or receipt of royalties or
other compensation by VSTR in connection with the Intellectual Property rights; (xiv) contract or commitment for capital
expenditures in excess of $50,000; (xv) agreement for the sale of any capital asset; (xvi) contract with any VSTR Subsidiary any
Affiliate thereof or of VSTR (other than for employment on customary terms); (xvii) contracts, understandings, arrangements
or commitments with respect to the use by VSTR of Intellectual Property of others or by others of Intellectual Property
of VSTR; or (xviii) other agreement which is either material to VSTR’s business or was not entered into in the
ordinary course of business.

    	 

    	 

    

 

(b)           To VSTR’s Knowledge , VSTR has
performed all obligations required to be performed by VSTR in connection with all contracts, understandings, arrangements
and commitments to which VSTR is a party and is not in receipt of any claim of default under any such contract, understanding,
arrangement or commitment; VSTR has no present expectation or intention of not fully performing any material obligation
pursuant to any such contract, understanding, arrangement or commitment; and VSTR has no Knowledge of any
breach or anticipated breach by any other party to any such contract, understanding, arrangement or commitment.

 

 4.9           Affiliate
Transactions. No officer, director or employee of VSTR, or any member of the immediate family of any such officer,
director or employee, or any entity in which any of such persons owns any beneficial interest (other than a publicly-held corporation
whose stock is traded on a national securities exchange or in an over-the-counter market and less than one percent of whose stock
is beneficially owned by any of such persons) (collectively “VSTR Insiders”), has any agreement with VSTR or
any interest in any property, real, personal or mixed, tangible or intangible, used in or pertaining to the business of VSTR (other
than ownership of capital stock of VSTR Subsidiaries ). Except as set forth in Schedule 4.9, VSTR is
not indebted to any VSTR Insider (except for reimbursement of ordinary business expenses) and no VSTR Insider is
indebted to VSTR (except for cash advances for ordinary business expenses). No VSTR Insider has any direct
or indirect interest in any competitor, supplier or customer of VSTR or in any person, firm or entity from whom or to
whom VSTR leases any property, or in any other person, firm or entity with whom VSTR transacts business of
any nature. For purposes of this Section 4.9, the members of the immediate family of an officer, director or employee
shall consist of the spouse, parents, children or siblings of such officer, director or employee.

 

 4.10         Compliance
with Laws; Permits.

 

(a)            Except
for any noncompliance that would not reasonably be expected to have a Material Adverse Effect on VSTR, VSTR has
complied with all applicable laws, regulations and other requirements, including, but not limited to, federal, state, local and
foreign laws, ordinances, rules, regulations and other requirements pertaining to equal employment opportunity, employee retirement,
affirmative action and other hiring practices, occupational safety and health, workers’ compensation, unemployment and building
and zoning codes, and no claims have been filed against VSTR, and VSTR has not received any notice, alleging a
violation of any such laws, regulations or other requirements. VSTR is not relying on any exemption from or deferral
of any such applicable law, regulation or other requirement that would not be available to VSTR after the consummation
of the transactions contemplated by this Agreement.

 

(b)            Except
for any noncompliance that would not reasonably be expected to have a Material Adverse Effect on VSTR or NCAV, VSTR has,
in full force and effect, all licenses, permits and certificates from federal, state, local and foreign authorities (including,
without limitation, federal and state agencies regulating occupational health and safety) necessary to permit it to conduct its
business and own and operate its properties (collectively, the “VSTR Permits”), and to the Knowledge of VSTR, VSTR has
conducted its business in compliance with all material terms and conditions of the VSTR Permits.

 

 4.11        Validity
of the VSTR Common Stock. The shares of VSTR Common Stock to be issued to NCS pursuant to this Agreement will
be, when issued, duly authorized, validly issued, fully paid and nonassessable.

    	 

    	 

    

 

 4.12        Books
and Records. The books of account, minute books, stock record books, and other records of VSTR, complete copies
of which have been made available to NCFP, have been properly kept and contain no inaccuracies except for inaccuracies that
would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on VSTR.
At the Closing, all of VSTR’s records will be in the possession of VSTR.

 

 4.13         Real
Property. VSTR does not own any real property.

 

 4.14        Insurance. The
insurance policies owned and maintained by VSTR that are material to VSTR are in full force and effect, all
premiums due and payable thereon have been paid (other than retroactive or retrospective premium adjustments that VSTR is
not currently required, but may in the future be required, to pay with respect to any period ending prior to the date of this Agreement ),
and VSTR has received no notice of cancellation or termination with respect to any such policy that has not been replaced
on substantially similar terms prior to the date of such cancellation. 

 

 4.15         No Undisclosed
Liabilities. Except as reflected in the consolidated balance sheet of VSTR at September 30, 2018 included in
the VSTR 10-K Report for the fiscal year then ended (the “VSTR Latest Balance Sheet”), liabilities
which have arisen after the date of the VSTR Latest Balance Sheet in the ordinary course of business and as contemplated
in Section 6.2, VSTR has no liabilities (whether accrued, absolute, contingent, unliquidated or otherwise).

 

 4.16         Environmental
Matters. None of the operations of VSTR involves the generation, transportation, treatment, storage or disposal
of hazardous waste, as defined under 40 C.F.R. Parts 260-270 or any state, local or foreign equivalent.

 

 4.17         Absence
of Certain Developments. Except as set forth in Schedule 4.17 or as disclosed in the VSTR SEC Filings or
as otherwise contemplated by this Agreement , since September 30, 2018, VSTR has conducted its business only
in the ordinary course consistent with past practice and there has not occurred or been entered into, as the case may be: (i)
any event having a Material Adverse Effect on VSTR, (ii) any event that would reasonably be expected to prevent
or materially delay the performance of VSTR’s obligations pursuant to this Agreement, (iii) any material change
by VSTR in its accounting methods, principles or practices, (iv) any declaration, setting aside or payment of any dividend
or distribution in respect of the shares of capital stock of VSTR or any redemption, purchase or other acquisition of
any of VSTR’s securities, (v) any increase in the compensation or benefits or establishment of any bonus, insurance,
severance, deferred compensation, pension, retirement, profit sharing, stock option (including, without limitation, the granting
of stock options, stock appreciation rights, performance awards or restricted stock awards), stock purchase or other employee
benefit plan of VSTR, or any other increase in the compensation payable or to become payable to any employees, officers,
consultants or directors of VSTR, (vi) any amendment to the Certificate of Incorporation or Bylaws of VSTR, (ix) other
than in the ordinary course of business consistent with past practice, any capital expenditures by VSTR, (x) purchase, sale,
assignment or transfer of any material assets by VSTR, (y) mortgage, pledge or existence of any lien, encumbrance or charge
on any material assets or properties, tangible or intangible of VSTR, except for liens for taxes not yet due and such other
liens, encumbrances or charges which do not, individually or in the aggregate, have a Material Adverse Effect on VSTR,
or (z) cancellation, compromise, release or waiver by VSTR of any rights of material value or any material debts or
claims, (x) any incurrence by VSTR of any material liability (absolute or contingent), except for current liabilities
and obligations incurred in the ordinary course of business consistent with past practice, (xi) damage, destruction or similar
loss, whether or not covered by insurance, materially affecting the business or properties of VSTR, (xii) entry by VSTR into
any agreement, contract, lease or license other than in the ordinary course of business consistent with past practice, (xiii)
any acceleration, termination, modification or cancellation of any agreement, contract, lease or license to which VSTR is
a party or by which any of them is bound, (xiv) entry by VSTR into any loan or other transaction with any officers,
directors or employees of VSTR, (xv) any charitable or other capital contribution by VSTR or any VSTR Subsidiary or
pledge therefore, (xvi) entry by VSTR into any transaction of a material nature other than in the ordinary course of
business consistent with past practice, or (xvii) any negotiation or agreement by VSTR to do any of the things described
in the preceding clauses (i) through (xvii).

 

    	 

    	 

    

 4.18         Employee
Benefit Plans.

 

(a)           Schedule
4.18 lists the VSTR (i) “employee benefit plans,” within the meaning of Section 3(3) of ERISA ,
(ii) bonus, stock option, stock purchase, stock appreciation right, incentive, deferred compensation, supplemental retirement,
severance, and fringe benefit plans, programs, policies or arrangements, or (iii) employment or consulting agreements, for the
benefit of, or relating to, any current or former employee (or any beneficiary thereof) of VSTR, in the case of a plan described
in (i) or (ii) above, that is currently maintained by VSTR or with respect to which VSTR has an obligation
to contribute, and in the case of an agreement described in (iii) above, that is currently in effect.

 

(b)           No director,
officer, or employee of VSTR will become entitled to retirement, severance or similar benefits or to enhanced or accelerated
benefits (including any acceleration of vesting or lapsing of restrictions with respect to equity-based awards) solely as a result
of consummation of the transactions contemplated by this Agreement .

 

 4.19         Employees. VSTR has
73 employees. 

 

 4.20        Proprietary
Information and Inventions. To VSTR’s Knowledge, no current or former VSTR employee, consultant
or advisory board member who is party to a non-disclosure agreement has breached that non-disclosure agreement. To VSTR’s Knowledge,
no current VSTR employee, consultant or advisory board member who is party to an employment agreement with VSTR has
breached the non-disclosure provisions of that agreement.

 

 4.21         Intellectual
Property.

 

(a)            To
its Knowledge, VSTR owns or has valid and enforceable licenses to use all of the following used in or necessary
to conduct its business as currently conducted (collectively, the “VSTR Intellectual Property”):

 

(i)            patents,
including any registrations, continuations, continuations in part, renewals, and any applications for any of the foregoing (collectively,
“Patents”);

 

(ii)            registered
and unregistered copyrights and copyright applications (collectively, “Copyrights”);

 

(iii)           registered
and unregistered trademarks, service marks, trade names, slogans, logos, designs and general intangibles of the like nature, together
with all registrations and applications therefor (collectively, “Trademarks”);

 

(iv)          trade
secrets, confidential or proprietary technical information, know-how, designs, processes, research in progress, inventions and
invention disclosures (whether patentable or unpatentable);

 

(v)            software.

 

(b)            VSTR has
disclosed a complete and accurate list of all Patents, Trademarks, registered or material Copyrights and
software owned by VSTR.

 

(c)            To
its Knowledge, VSTR has exclusive rights to the VSTR Intellectual Property owned by it (with the exception
of any such rights retained by governmental organizations and licensors), free and clear of all liens and encumbrances. No Copyright registration, Trademark registration,
or Patent of VSTR has lapsed, expired or been abandoned or cancelled, or is subject to any pending or, to VSTR’s Knowledge,
threatened opposition or cancellation proceeding in any country.

 

(d)           To VSTR’s Knowledge (1)
neither the conduct of VSTR’s business nor the manufacture, marketing, licensing, sale, distribution or use of its
products or services infringes upon the proprietary rights of any Person , and (2) there are no infringements of the VSTR
Intellectual Property by any Person . There are no claims pending or, to VSTR’s Knowledge, threatened
(1) alleging that VSTR’s business as currently conducted infringes upon
or constitutes an unauthorized use or violation of the proprietary rights of any Person, or (2) alleging that the VSTR
Intellectual Property is being infringed by any Person, or (3) challenging the ownership, validity or enforceability
of the VSTR Intellectual Property.

    	 

    	 

    

 

(e)            VSTR is
not, nor will it be as a result of the execution and delivery of this Agreement or the performance of its obligations
under this Agreement, in breach of any license, sublicense or other contract relating to the VSTR Intellectual Property that
could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect on VSTR.

 

 4.22         Tax Free
Reorganization. Neither VSTR nor, to VSTR’s Knowledge, any of its Affiliates has through the
date of this Agreement taken or agreed to take any action that would prevent the Merger from qualifying as
a reorganization under Section 368(a) of the Code. 

 

 4.23         Financial
Statements. The financial statements of VSTR included in the VSTR SEC Filings have been prepared
in accordance with GAAP consistently applied with past practice (except in each case as described in the notes thereto)
and on that basis present fairly, in all material respects, the financial position and the results of operations, changes in stockholders’
equity, and cash flows of VSTR as of the dates of and for the periods referred to in such financial statements.

 

 4.24         Full
Disclosure. The representations and warranties of VSTR and NCAV contained in this Agreement (and
in any schedule, exhibit, certificate or other instrument to be delivered under this Agreement) are true and correct in all
material respects, and such representations and warranties do not omit any material fact necessary to make the statements contained
therein, in light of the circumstances under which they were made, not misleading. There is no fact of which VSTR or NCAV has Knowledge that
has not been disclosed to VSTR pursuant to this Agreement, including the schedules hereto, all taken together
as a whole, which has had or could reasonably be expected to have a Material Adverse Effect on VSTR or NCAV,
or materially adversely affect the ability of VSTR or NCAV to consummate in a timely manner the transactions
contemplated hereby.

 

4.25        No Brokers
or Finders None of VSTR or any of its officers, directors, employees or Affiliates has employed any broker,
finder, investment banker or investment advisor or Person performing a similar function, or incurred any liability for
brokerage commissions, finders’ fees, investment advisory fees or similar compensation in connection with the transactions
contemplated by this Agreement.

 

    	 

    	 

    

 

 ARTICLE V

CONDUCT OF BUSINESS PENDING THE MERGER

 

 5.1          Conduct
of Business by NCFP. From the date of this Agreement to the Effective Date , unless VSTR shall
otherwise agree in writing or as otherwise expressly contemplated or permitted by other provisions of this Agreement ,
including but not limited to this Section 5.1, NCFP shall not, directly or indirectly, (a) amend its Articles
of Incorporation or Bylaws, (b) split, combine or reclassify any outstanding shares of capital stock of NCFP, (c) declare,
set aside, make or pay any dividend or distribution in cash, stock, property or otherwise with respect to the capital stock of NCFP,
(d) default in its obligations under any material debt, contract or commitment which default results in the acceleration of obligations
due thereunder, (e) conduct its business other than in the ordinary course on an arms-length basis and in accordance in all material
respects with all applicable laws, rules and regulations and NCFP’s past custom and practice, (f) issue or sell any
shares of, or options, warrants, conversions, privileges or rights of any kind to acquire any shares of, any of its capital stock,
(g) acquire (by merger, exchange, consolidation, acquisition of stock or assets or otherwise) any corporation, partnership, joint
venture or other business organization or division or material assets thereof, (h) make or change any material tax elections,
settle or compromise any material tax liability or file any amended tax return or (i) incur any expenses or
other liabilities other than in the ordinary course of business consistent with past practice.

 

 5.2          Conduct
of Business by VSTR. From the date of this Agreement to the Effective Date , unless NCFP shall
otherwise agree in writing or as otherwise expressly contemplated or permitted by other provisions of this Agreement, including
but not limited to this Section 5.2, VSTR shall not, directly or indirectly, (a) amend its Articles of Incorporation
or Bylaws, (b) split, combine or reclassify any outstanding shares of capital stock of VSTR, (c) declare, set aside, make
or pay any dividend or distribution in cash, stock, property or otherwise with respect to the capital stock of VSTR, (d)
default in its obligations under any material debt, contract or commitment which default results in the acceleration of obligations
due thereunder, (e) conduct its business other than in the ordinary course on an arms-length basis and in accordance in all material
respects with all applicable laws, rules and regulations and VSTR’s past custom and practice, (f) issue or sell any
additional shares of, or options, warrants, privileges or rights of any kind to acquire any shares of, any of its capital stock,
(g) acquire (by merger, exchange, consolidation, acquisition of stock or assets or otherwise) any corporation, partnership, joint
venture or other business organization or division or material assets thereof or (h) make or change any material tax elections,
settle or compromise any material tax liability or file any amended tax return. 

 

    	 

    	 

    

 

 ARTICLE VI

ADDITIONAL COVENANTS AND AGREEMENTS

 

 6.1           Governmental
Filings. Subject to the terms and conditions herein provided, each party will use all reasonable efforts to
take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to consummate
and make effective as promptly as practicable the transactions contemplated by this Agreement. Each party will use all reasonable
efforts and will cooperate with the other party in the preparation and filing, as soon as practicable, of all filings, applications
or other documents required under applicable laws, including, but not limited to, the Exchange Act , to consummate the
transactions contemplated by this Agreement . Prior to submitting each filing, application, registration statement or
other document with the applicable regulatory authority, each party will, to the extent practicable, provide the other party with
an opportunity to review and comment on each such application, registration statement or other document to the extent permitted
by applicable law. Each party will use all reasonable efforts and will cooperate with the other party in taking any other actions
necessary to obtain such regulatory or other approvals and consents at the earliest practicable time, including participating
in any required hearings or proceedings.

 

 6.2           Expenses. Except
as otherwise provided in this Agreement, in the event that the transaction contemplated by this Agreement does
not close, all costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall
be paid by the party incurring such costs and expenses. In the event that the transaction contemplated by this Agreement does
close, VSTR shall pay its own costs and expenses in connection with this Agreement and the transactions contemplated hereby,
and NCFP shall pay the costs and expenses incurred by NCFP in connection with this Agreement and
the transactions contemplated hereby.

 

 6.3           Due
Diligence; Access to Information; Confidentiality.

 

(a)            Prior
to the date hereof, VSTR and NCFP have afforded, and between the date hereof and the Closing
Date, VSTR and NCFP shall afford, to the other party and their authorized representatives the opportunity
to conduct and complete a due diligence investigation of the other party as described herein. In light of the foregoing,
each party shall continue to permit the other party full access on reasonable notice and at reasonable hours to its properties
and shall disclose and make available (together with the right to copy) to the other party and its officers, employees, attorneys,
accountants and other representatives (hereinafter collectively referred to as “Representatives”), all
books, papers, and records relating to the assets, stock, properties, operations, obligations and liabilities of such party and
its subsidiaries, including, without limitation, all books of account (including, without limitation, the general ledger), tax records,
minute books of directors’ and stockholders’ meetings, organizational documents, bylaws, contracts and agreements,
filings with any regulatory authority, accountants’ work papers, litigation files (including, without limitation, legal
research memoranda), attorney’s audit response letters, documents relating to assets and title thereto (including, without
limitation, abstracts, title insurance policies, surveys, environmental reports, opinions of title and other information relating
to the real and personal property), plans affecting employees, securities transfer records and stockholder lists, and any books,
papers and records (collectively referred to herein as “Evaluation Material”) relating to the assets
or business activities in which the requesting party may have a reasonable interest, and otherwise provide such assistance as
is reasonably requested in order that each party may have a full opportunity to make such investigation and evaluation as it shall
reasonably desire to make of the business and affairs of the other party. In addition, each party and its Representatives shall
cooperate fully (including providing introductions, where necessary) with such other party to enable the party to contact third
parties, including customers, prospective customers, specified agencies or others as the party deems reasonably necessary to complete
its due diligence; provided that the requesting party agrees not to initiate such contacts without the prior approval of the other
party, which approval will not be unreasonably withheld.

 

 6.4           Tax Treatment. It
is intended by the parties hereto that the Merger shall constitute a reorganization within the meaning of Section 368(a)
of the Code. Each of the parties hereto adopts this Agreement as a “plan of reorganization”
within the meaning of Treasury Regulation § 1.368-2(g) and 1.368-3(a). Both prior to and after the Closing, each
party’s books and records shall be maintained, and all federal, state and local income tax returns and schedules
thereto shall be filed in a manner consistent with the Merger being qualified as a statutory merger under Section 368(a)(1)(A)
of the Code (and comparable provisions of any applicable state or local laws); except to the extent
the Merger is determined in a final administrative or judicial decision not to qualify as a reorganization within the
meaning of Code Section 368(a). 

    	 

    	 

    

 

 6.5           Press
Releases. VSTR and NCFP shall agree with each other as to the form and substance of any press release
or public announcement related to this Agreement or the transactions contemplated hereby; provided, however, that
nothing contained herein shall prohibit either party, following a reasonable period of time (in light of the circumstances)
for compliance with the next sentence, from making any disclosure which is required by law or regulation. If any such press release
or public announcement is so required, the party making such disclosure shall consult with the other party prior to making such
disclosure, and the parties shall use all reasonable efforts, acting in good faith, to agree upon a text for such disclosure which
is satisfactory to both parties.

 

 6.6           Securities
Reports. VSTR shall timely file with the SEC all reports and other documents required to be filed under
the Securities Act or Exchange Act. All such reports and documents (i) shall not, as of the date of such filing,
contain any untrue statement of material fact or omit to state a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not misleading, and (ii) shall comply as to
form, in all material respects, with the applicable rules and regulations of the SEC. VSTR agrees to provide to NCFP copies
of all reports and other documents filed under the Securities Act or Exchange Act with the SEC by
it between the date hereof and the Effective Date within two (2) days after the date such reports or other
documents are filed with the SEC . From and after the Closing Date, the preparation and filing of SEC reports
for VSTR shall be the responsibility of VSTR management.

 

6.7           Shareholder
Approval. Each of NCAV and NCFP will obtain their respective Stockholder Votes to approve this Agreement and the Merger.

 

6.8           No
Solicitation.

 

(a)           Unless
and until this Agreement shall have been terminated pursuant to Section 8.1, neither VSTR nor
its officers, directors or agents shall, directly or indirectly, encourage, solicit or initiate discussions or negotiations with,
or engage in negotiations or discussions with, or provide non-public information to, any Person or group of Persons concerning
any merger, sale of capital stock, sale of substantial assets or other business combination.

 

(b)           Unless
and until this Agreement shall have been terminated pursuant to Section 8.1, neither NCFP nor
its officers, directors or agents shall, directly or indirectly, encourage, solicit or initiate discussions or negotiations with,
or engage in negotiations or discussions with, or provide non-public information to, any Person or group of Persons concerning
any merger, sale of capital stock, sale of substantial assets or other business combination.

 

 6.9           Failure
to Fulfill Conditions.

 

In
the event that either of the parties hereto determines that a condition to its respective obligations to consummate
the transactions contemplated hereby cannot be fulfilled on or prior to the termination of this Agreement, it will
promptly notify the other party. 

 

 6.10         Notification
of Certain Matters.

 

On
or prior to the Effective Date, each party shall give prompt notice to the other party of (i) the occurrence or failure to
occur of any event or the discovery of any information, which occurrence, failure or discovery would be likely to cause any representation
or warranty on its part contained in this Agreement to be untrue, inaccurate or incomplete after the date hereof in
any material respect or, in the case of any representation or warranty given as of a specific date, would be likely to cause any
such representation or warranty on its part contained in this Agreement to be untrue, inaccurate or incomplete in any
material respect as of such specific date, and (ii) any material failure of such party to comply with or satisfy any covenant
or agreement to be complied with or satisfied by it hereunder.

 

 

    	 

    	 

    

 

 ARTICLE VII

CONDITIONS

 

 7.1           Conditions
to Obligations of Each Party. The respective obligations of each party to effect the transactions contemplated hereby are
subject to the fulfillment or waiver at or prior to the Effective Date of the following conditions:

 

 (a)            No Prohibitive
Change of Law. There shall have been no law, statute, rule or regulation, domestic or foreign, enacted or promulgated
which would prohibit or make illegal the consummation of the transactions contemplated hereby.

 

 (b)            Stockholder
Approvals. This Agreement and the Merger shall have been approved by the Requisite NCAV Stockholder
Vote and the Requisite NCFP Stockholder Vote.

 

 (c)            Adverse
Proceedings. There shall not be threatened, instituted or pending any action or proceeding before any court or governmental
authority or agency (i) challenging or seeking to make illegal, or to delay or otherwise directly or indirectly restrain or prohibit,
the consummation of the transactions contemplated hereby or seeking to obtain material damages in connection with such
transactions, (ii) seeking to prohibit direct or indirect ownership or operation by VSTR or any of VSTR’s Subsidiaries of
all or a material portion of the business or assets of NCFP, or to compel NCFP or VSTR to dispose of
or to hold separately all or a material portion of the business or assets of NCFP or of VSTR or any of Subsidiary of VSTR,
as a result of the transactions contemplated hereby; (iii) seeking to invalidate or render unenforceable any material provision
of this Agreement or any of the other agreements attached as exhibits hereto or contemplated hereby,
or (iv) otherwise relating to and materially and adversely affecting the transactions contemplated hereby or the business
or operations of NCFP, VSTR or any of VSTR’s Subsidiaries .

 

 (d)            Governmental
Action. There shall not be any action taken or threatened, or any statute, rule, regulation, judgment, order or injunction
proposed, enacted, entered, enforced, promulgated, issued or deemed applicable to the transactions contemplated hereby, by
any federal, state or other court, government or governmental authority or agency, that would reasonably be expected to result,
directly or indirectly, in any of the consequences referred to in Section 7.1(c).

 

 (e)            Market
Condition. There shall not have occurred any general suspension of trading on the New York Stock Exchange, The Nasdaq
Stock Market, or any suspension of trading in VSTR Common Stock , or any general bank moratorium or closing or any war,
national emergency or other event affecting the economy or securities trading markets generally that would make completion of
the Merger impossible. 

 

 7.2           Additional
Conditions to Obligation of VSTR and NCAV. The obligation of VSTR and NCAV to consummate
the transactions contemplated hereby in accordance with the terms of this Agreement is also subject to the
fulfillment or waiver of the following conditions:

 

 (a)            Representations
and Compliance. NCFP shall in all material respects have performed each obligation and agreement and complied with
each covenant to be performed and complied with by it hereunder at or prior to the Closing Date.

 

 (b)            Secretary’s
Certificate. NCFP shall have furnished to VSTR (i) copies of the text of the resolutions by which the
corporate action on the part of NCFP necessary to approve this Agreement , the Certificate of Merger and
the transactions contemplated hereby and thereby were taken, (ii) a certificate dated as of the Closing Date executed
on behalf of NCFP by its corporate secretary or one of its assistant corporate secretaries certifying to VSTR that
such copies are true, correct and complete copies of such resolutions and that such resolutions were duly adopted and have not
been amended or rescinded, (iii) an incumbency certificate dated as of the Closing Date executed on behalf of NCFP by
its corporate secretary or one of its assistant corporate secretaries certifying the signature and office of each officer of NCFP executing
this Agreement , the Delaware Agreement of Merger and related officer’s certificate or any other agreement,
certificate or other instrument executed pursuant hereto by NCFP, (iv) a copy of the Articles of Incorporation
of NCFP, certified by the Secretary of State of Delaware, and a certificate from the Secretary
of State of Delaware evidencing the good standing of NCFP in such jurisdiction as of a day within three business days
prior to the Closing Date .

    	 

    	 

    

 

 (c)            Consents
and Approvals. NCFP shall have obtained the consent and approval of FINRA to the transactions contemplated
by this Agreement , plus all other consents and approvals necessary to consummate the transactions contemplated by this Agreement ,
in order that the transactions contemplated herein not constitute a breach or violation of, or result in a right of
termination or acceleration of, or creation of any encumbrance on any of NCFP’s assets pursuant to the provisions of,
any agreement, arrangement or undertaking of or affecting NCFP or any license, franchise or permit of or affecting NCFP.

 

 (d)            Merger
Certificate. NCFP shall have executed and delivered for filing a copy of the Delaware Agreement of Merger and
related officer’s certificate.

 

 7.3          Additional
Conditions to Obligation of NCFP. The obligation of NCFP to consummate the transactions contemplated hereby in
accordance with the terms of this Agreement is also subject to the fulfillment or waiver of the following conditions:

 

 (a)           Representations
and Compliance. VSTR and NCAV, respectively, shall in all material respects have performed each obligation
and agreement and complied with each covenant to be performed and complied with by them hereunder at or prior to the Effective
Date.

 

 (b)           Secretary’s
Certificate. VSTR shall have furnished to NCFP (i) copies of the text of the resolutions by which the
corporate action on the part of VSTR necessary to approve this Agreement and the Certificate of Merger ,
and the transactions contemplated hereby and thereby were taken, which shall be accompanied by a certificate of the
corporate secretary or assistant corporate secretary of VSTR dated as of the Closing Date certifying to NCFP that
such copies are true, correct and complete copies of such resolutions and that such resolutions were duly adopted and have not
been amended or rescinded, (ii) an incumbency certificate dated as of the Closing Date executed on behalf of VSTR by
its corporate secretary or one of its assistant corporate secretaries certifying the signature and office of each officer of VSTR executing
this Agreement , the Certificate of Merger or any other agreement, certificate or other instrument executed
pursuant hereto, and (iii) a copy of the Articles of Incorporation of VSTR, certified by the Secretary of State of Utah,
and a certificate from the Secretary of State of Utah evidencing the good standing of VSTR in such jurisdiction as of
a day within three business days prior to the Closing Date .

 

 (c)            Consents
and Approvals. VSTR and NCAV shall have obtained all consents and approvals necessary to consummate the
transactions contemplated by this Agreement , in order that the transactions contemplated herein not constitute
a breach or violation of, or result in a right of termination or acceleration of, or creation of any encumbrance on any of VSTR’s
or NCAV ’s assets pursuant to the provisions of, any agreement, arrangement or undertaking of or affecting VSTR or
any VSTR Subsidiary or any license, franchise or permit of or affecting VSTR or any VSTR Subsidiary .

 

 (d)            Merger
Certificate. NCAV shall have executed a copy of the Certificate of Merger. Additionally, VSTR and NCAV shall
have executed and delivered for filing a copy of the Delaware Agreement of Merger and related officer’s certificate. 

 

 (e)            Reserve
Stock Split. VSTR shall have completed the reverse stock split of its Common Stock such that approximately 415,635 shares
of such stock are issued and outstanding immediately prior to closing under this Agreement.

 

    	 

    	 

    

 

 ARTICLE VIII

TERMINATION, AMENDMENT AND WAIVER

 

 8.1           Termination. This Agreement may
be terminated prior to the Effective Date:

 

(a)            by
mutual consent of VSTR and NCFP, if the Board of Directors of each so determines by vote of a majority of
the members of its entire board;

 

(b)            by NCFP,
if any representation of VSTR or NCAV set forth in this Agreement was inaccurate when made or becomes
inaccurate such that the condition set forth in Section 7.2(a) could not be satisfied;

 

(c)            by VSTR,
if any representation of NCFP set forth in this Agreement was inaccurate when made or becomes inaccurate such
that the condition set forth in Section 7.3(a) could not be satisfied;

 

(d)            by NCFP,
if VSTR or NCAV fails to perform or comply with any of the obligations that it is required to perform or to
comply with under this Agreement such that the condition set forth in Section 7.2(a) could not be satisfied;

 

(e)            by VSTR,
if NCFP fails to perform or comply with any of the obligations that it is required to perform or to comply with under
this Agreement such that the condition set forth in Section 7.3(a) could not be satisfied;

 

(f)             by VSTR or NCFP,
if the conditions in Sections 7.2(b)(ii) and 7.3(b)(i) are not met; and

 

(g)            by
either VSTR or NCFP if the Closing Date is not on or before October 31, 2020, or such later date
as VSTR and NCFP may mutually agree (except that a party seeking to terminate this Agreement pursuant
to this clause may not do so if the failure to consummate the Merger by such date shall be due to the action or failure
to act of the party seeking to terminate this Agreement in breach of such party’s obligations under this Agreement).

 

Any
party desiring to terminate this Agreement shall give prior written notice of such termination and the reasons therefor
to the other party. 

 

 

    	 

    	 

    

 ARTICLE IX

GENERAL PROVISIONS

 

 9.1           Notices. All
notices and other communications hereunder shall be in writing and shall be sufficiently given if made by hand delivery,
by telecopier, by overnight delivery service for next business day delivery, or by registered or certified mail (return receipt
requested), in each case with delivery charges prepaid, to the parties at the following addresses (or at such other address for
a party as shall be specified by it by like notice):

 

	 	If
    to VSTR or	 
	 	NCAV:	745
    Atlantic Avenue
	 	 	Boston,
    MA 02111
	 	 	cecilia.lenk@valuesetters.com
	 	 	Attn: Cecilia
    Lenk
	 	 	cecilia.lenk@valuesetters.com
	 	With
    copies to:	745
    Atlantic Ave
	 	 	Boston,
    MA 02111
	 	 	 shannon@codelaw.com
	 	 	Attn: Shannon
    Keyes
	 	 	 
	 	If
    to NCFP:	745
    Atlantic Avenue
	 	 	Boston,
    MA 02111
	 	 	jason@netcapital.com
	 	 	Attn: Jason
    Frishman
	 	 	 
	 	With
    copies to:	Eckert
    Seamans
	 	 	Two
    International Place, 16th Floor, Boston MA 02110
	 	 	PCarr@eckertseamans.com
	 	 	Attn:Peter
    Carr

 

All
such notices and other communications shall be deemed to have been duly given as follows: (i) if delivered by hand, when received;
(ii) if delivered by registered or certified mail (return receipt requested), when receipt acknowledged; or (iii) if telecopied,
on the day of transmission or, if that day is not a business day, on the next business day; and the next business day delivery
after being timely delivered to a recognized overnight delivery service.

 

 9.2           No Survival. The
representations and warranties and obligations contained in this Agreement will terminate at the Effective Time or
on termination of this Agreement in accordance with Section 8.1, except that the obligations contained in
Article II and any other obligation contained in this Agreement requiring performance or compliance after the Effective
Time (including without limitation Section 6.3) will survive the Effective Time indefinitely.

 

 9.3           Interpretation. The
headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement. References to Sections and Articles refer to Sections and Articles of this Agreement unless
otherwise stated. Words such as “herein,” “hereinafter,” “hereof,” “hereto,” “hereby”
and “hereunder,” and words of like import, unless the context requires otherwise, refer to this Agreement (including
the Schedules hereto). As used in this Agreement, the masculine, feminine and neuter genders shall be deemed to include
the others if the context requires.

  

 9.4           Severability. If
any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain
in full force and effect and shall in no way be affected, impaired or invalidated, and the parties shall negotiate in good faith
to modify this Agreement and to preserve each party’s anticipated benefits under this Agreement.

 

 9.5           Amendment. This Agreement may
not be amended or modified except by an instrument in writing approved by the parties to this Agreement and signed on
behalf of each of the parties hereto.

    	 

    	 

    

 

 9.6           Waiver. At
any time prior to the Effective Date, any party hereto may (a) extend the time for the performance of any of the
obligations or other acts of the other party hereto or (b) waive compliance with any of the agreements of the other
party or with any conditions to its own obligations, in each case only to the extent such obligations, agreements and conditions
are intended for its benefit. Any such extension or waiver shall only be effective if made in writing and duly executed by the
party giving such extension or waiver.

 

 9.7           Miscellaneous. This Agreement (together
with all other documents and instruments referred to herein): (a) constitutes the entire agreement, and supersedes all other
prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof; and
(b) shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns,
but shall not be assignable by either party hereto without the prior written consent of the other party hereto.

 

 9.8           Counterparts. This Agreement may
be executed in any number of counterparts, and each such counterpart shall be deemed to be an original instrument, but all such
counterparts together shall constitute but one agreement.

 

 9.9           Third
Party Beneficiaries. Each party hereto intends that this Agreement shall not benefit or create any
right or cause of action in or on behalf of any person other than the parties hereto.

 

 9.10        Governing
Law. This Agreement, including, the construction and interpretation thereof and all claims, controversies and disputes
arising under or relating thereto, shall be governed by the laws of the State of Delaware without regard to principles
of conflicts of law that would defer to the laws of another jurisdiction.

 

 9.11        Jurisdiction;
Service of Process. Any action or proceeding seeking to enforce any provision of, or based on any right arising out of,
this Agreement must, to the extent such courts will accept such jurisdiction, be brought against any of the parties
in the courts of the State of Delaware, or, if it has or can acquire jurisdiction, in the United States District Court for the
District of Delaware, in each instance in the city of Dallas, and each of the parties consents to the jurisdiction of those courts
(and of the appropriate appellate courts) in any such action or proceeding and waives any objection to venue laid therein. Process
in any such action or proceeding may be served by sending or delivering a copy of the process to the party to be served at the
address and in the manner provided for the giving of notices in Section 9.1. Nothing in this Section 9.11,
however, affects the right of any party to serve legal process in any other manner permitted by law.

 

 9.12         Further
Assurances. In case at any time after the Closing any further action is necessary or desirable to carry out
the purposes of this Agreement or to consummate the transactions contemplated hereby, each of the Parties will
take such further action (including the execution and delivery of such further instruments and documents) as any other Party may
reasonably request, all at the sole cost and expense of the requesting Party.

 

[Remainder
of Page Left Intentionally Blank – Signature Page to Follow]

 

 

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date first written
above by their respective officers.

 

	 	VALUESETTERS,
    INC.
	 	 
	 	By:
    /s/ Cecilia Lenk________
	 	Name:     
    Cecilia Lenk
	 	Title:       
    CEO           _
	 	 
	 	 
	 	NETCAPITAL
    FUNDING PORTAL, iNC.
	 	 
	 	By:
    _/s/ Jason Frishman___
	 	Name:     
    Jason Frishman
	 	Title:       
    CEO           _
	 	 
	 	 
	 	NETCAPITAL
    ACQUISITION VEHICLE, INC.
	 	 
	 	By:
    _______/s/ Cecilia Lenk
	 	Name:     
    Cecilia Lenk
	 	Title:       
    CEO           _

 

[Signature
page to Agreement and Plan of Merger]

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