Document:

Registration Rights Agreement

 Exhibit 10.3 
 REGISTRATION RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT (this
“Agreement”), dated as of September 11, 2008, is entered into by and among Jamba, Inc., a Delaware corporation (the “Company”), and the lenders listed on the Schedule of Buyers attached hereto (each, a
“Buyer” and collectively, the “Buyers”). 
 WHEREAS: 
 A. In connection with that certain Financing Agreement, dated as of even date herewith, by and among the Company, Jamba Juice Company, Victory Park
Management, LLC, as administrative agent and collateral agent, and the Buyers (the “Financing Agreement”), the Company has agreed, upon the terms and subject to the conditions of the Financing Agreement, to issue and sell on the
date hereof to each Buyer certain shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”). 
 B. To induce the Buyers to execute and deliver the Financing Agreement, the Company has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar
successor statute (collectively, the “1933 Act”), and applicable state securities laws. 
 C. This Agreement constitutes a
Transaction Document (as defined in the Financing Agreement). 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Buyers hereby agree as follows: 
 1. DEFINITIONS. 
 As used in this
Agreement, the following terms shall have the following meanings: 
 (a) “Effective Date” means the date that
the Registration Statement is first declared effective by the SEC. 
 (b) “Effectiveness Deadline” means the
date that is ninety (90) days from the Filing Deadline or, if there is a full review of the applicable Registration Statement by the SEC, the date that is one hundred and twenty (120) days from the Filing Deadline. 
 (c) “Filing Deadline” means the date that is thirty (30) days from the Demand Date (as defined in
Section 2(a)) or, in the event that Form S-3 is not available to the Company for the registration of the resale of Registrable Securities hereunder, the date that is forty-five (45) days from the Demand Date. 
 (d) “Investor” means a Buyer, any permitted transferee of the shares of Common Stock to whom a Buyer assigns its rights
under this Agreement in accordance with the provisions of this Agreement (including but not limited to Section 9) and who agrees to 

 
become bound by the provisions of this Agreement in accordance with Section 9 and any permitted transferee thereof to whom a transferee of the
shares of Common Stock assigns its rights under this Agreement in accordance with the provisions of this Agreement (including but not limited to Section 9) and who agrees to become bound by the provisions of this Agreement in accordance
with Section 9. 
 (e) “register,” “registered” and
“registration” refer to a registration effected by preparing and filing one or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415, and the declaration or ordering of effectiveness of such
Registration Statement(s) by the SEC. 
 (f) “Registrable Securities” means (i) all of the shares of
Common Stock issued under the Financing Agreement and (ii) any shares of capital stock issued or issuable in exchange for or with respect to such shares as a result of any stock split, stock dividend, recapitalization, exchange, adjustment or
similar event or otherwise. 
 (g) “Registration Statement” means a registration statement or registration
statements of the Company filed under the 1933 Act covering the Registrable Securities. 
 (h) “Registration
Eligibility Period” means (i) in the event of a payment of the Notes in full prior to the three month anniversary of the date hereof, the period between the date the Notes are paid in full and such three month anniversary or
(ii) at any time after the six month anniversary of the date hereof if the Investors are not able to sell or transfer their Registrable Securities without restriction under Rule 144 (or successor thereto) promulgated under the 1933 Act.

 (i) “Required Holders” means the holders of at least seventy percent (70%) of the Registrable
Securities. 
 (j) “Rule 415” means Rule 415 under the 1933 Act or any successor rule providing for offering
securities on a continuous or delayed basis. 
 (k) “SEC” means the United States Securities and Exchange
Commission. 
 Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Financing
Agreement. 
 2. REGISTRATION. 
 (a) Mandatory Registration. At any time during a Registration Eligibility Period, upon the written request by any of the Investors to the Company (the date of such request, the “Demand Date”),
the Company shall prepare and, as soon as practicable but in no event later than the Filing Deadline, file with the SEC a Registration Statement on Form S-3 covering the resale of all of the Registrable Securities (the date of such filing, the
“Filing Date”). In the event that Form S-3 is unavailable to the Company for such a registration, the Company shall use such other form as is available to the Company for such a registration on another 

  

 2 

 
appropriate form reasonably acceptable to the Required Holders, subject to the provisions of Section 2(c). The Registration Statement prepared
pursuant hereto shall register for resale that number of shares of Common Stock equal to the number of Registrable Securities as of the trading day immediately preceding the date the Registration Statement is initially filed with the SEC and shall
contain the “Selling Stockholders” and “Plan of Distribution” sections in substantially the form attached hereto as Annex I (except if otherwise required pursuant to written comments received from the SEC upon a review of
the Registration Statement). The Company shall use its reasonable best efforts to have the Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Effectiveness Deadline. By 9:30 a.m. (New York
time) on the second Business Day following the Effective Date, the Company shall file with the SEC in accordance with Rule 424 under the 1933 Act the final prospectus to be used in connection with sales pursuant to such Registration Statement.

 In no event shall the Company include any securities other than Registrable Securities on any Registration Statement without the prior
written consent of the Required Holders. 
 (b) Legal Counsel. Subject to Section 5 hereof, the holders of
at least a majority of the Registrable Securities shall have the right to select one legal counsel to review and oversee any registration pursuant to this Section 2 (“Legal Counsel”), which shall be Latham &
Watkins LLP or such other counsel as thereafter designated by the holders of at least a majority of the Registrable Securities. The Company and Legal Counsel shall reasonably cooperate with each other in performing the Company’s and the
Investors’ respective obligations under this Agreement. 
 (c) Ineligibility for Form S-3. In the event that
Form S-3 is not available to the Company for the registration of the resale of Registrable Securities hereunder, the Company shall (i) register the resale of the Registrable Securities on Form S-1 or another appropriate form
reasonably acceptable to the Required Holders and (ii) undertake to register the Registrable Securities on Form S-3 as soon as such form is available; provided that the Company shall maintain the effectiveness of the Registration
Statement then in effect until such time as a Registration Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC. 
 (d) [Intentionally Omitted.] 
 (e) Piggyback Registrations. 
 (i) Each time that the Company proposes for any reason
to register any of its Common Stock under the 1933 Act (a “Proposed Registration”), other than pursuant to a registration statement on Form S-4 or Form S-8 (or similar or successor forms), unless a registration statement
has been previously filed (and not withdrawn) covering the resale of all of the Registrable Securities, the Company shall promptly give written notice (the “Piggyback Notice”) of such Proposed Registration to each of the Investors
(which notice shall 

  

 3 

 
be given not less than thirty (30) days prior to the expected effective date of the Company’s registration statement) and shall offer the Investors
the right to include any of their Registrable Securities in the Proposed Registration. No registration pursuant to this Section 2(e) shall relieve the Company of its obligations to register Registrable Securities pursuant to
Section 2(a). 
 (ii) Each Investor shall have twenty (20) days from the date of receipt of the Piggyback
Notice to deliver to the Company a written request specifying the number of Registrable Securities such Investor intends to sell and such Investor’s intended method of disposition. Any Investor shall have the right to withdraw such
Investor’s request for inclusion of such Investor’s Registrable Securities in any registration statement pursuant to this Section 2(e) by giving written notice to the Company of such withdrawal. Subject to
Section 2(e)(iii) below, the Company shall include in such registration statement all such Registrable Securities so requested to be included therein. 
 (iii) If the managing underwriter or underwriters of any Proposed Registration involving Registrable Securities advises the Company that
the total number of Registrable Securities that the Investors and any other Persons intend to include in the offering exceeds the number that can be sold in such offering without being likely to have a material adverse effect on the price, timing or
distribution of the Common Stock offered or the market for the Common Stock, then the Common Stock to be included in such underwritten offering shall include the number of Registrable Securities that such managing underwriter or underwriters advises
the Company in writing can be sold without having such material adverse effect, with such number to be allocated (A) first, to the Company, (B) second, pro rata among the Investors who have requested participation in
such underwritten offering and (C) third, pro rata among any other holders of Common Stock who have requested participation in such underwritten offering. The pro rata allocations for each Investor who has requested
participation in such underwritten offering shall be the product of (a) the aggregate number of Registrable Securities proposed to be sold by all Investors in such underwritten offering multiplied by (b) the fraction derived by
dividing (x) the number of Registrable Securities owned on the Closing Date by such Investor by (y) the aggregate number of Registrable Securities owned on the Closing Date by all Investors participating in such underwritten offering. All
participating Investors shall have the opportunity to share pro rata that portion of such priority allocable to any Investor(s) not so participating. 
 3. RELATED OBLIGATIONS. 
 In connection with its obligations pursuant to Section 2, the
Company shall have the following obligations: 
 (a) The Company shall use its reasonable best efforts to respond to written
comments received from the SEC upon a review of the Registration Statement as soon as practicable, but in any event within ten (10) days following the receipt thereof. The Company shall submit to the SEC, within three (3) Business Days
after the Company learns that no review of a particular Registration Statement will be made by the staff of the SEC or that the staff of the SEC has no further comments on a particular Registration Statement, as the case may be, a request for
acceleration of effectiveness of such Registration Statement to a time and date not later than two (2) Business Days after the submission of such request. The Company shall keep 

  

 4 

 
each Registration Statement effective pursuant to Rule 415 at all times until the earlier of (i) the date as of which all of the Investors may sell all
of the Registrable Securities covered by such Registration Statement without restriction or condition pursuant to Rule 144 (or successor thereto) promulgated under the 1933 Act, or (ii) the date on which the Investors shall have sold all of the
Registrable Securities covered by such Registration Statement (the “Registration Period”). The Company shall ensure that each Registration Statement (including any amendments or supplements thereto and prospectuses contained
therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading. 
 (b) The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such Registration
Statement effective at all times during the Registration Period (except pursuant to Sections 3(f) and 3(q)), and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable
Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth
in such Registration Statement. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement (including pursuant to this Section 3(b)) by reason of the Company filing a
report on Form 10-K, Form 10-Q or Form 8-K or any analogous report under the Securities Exchange Act of 1934, as amended (the “1934 Act”), the Company shall have incorporated such report by reference into such Registration
Statement, if applicable, or shall file such amendments or supplements with the SEC as expeditiously as practicable on or following the date on which the 1934 Act report is filed which created the requirement for the Company to amend or supplement
such Registration Statement. 
 (c) The Company shall (A) permit Legal Counsel to review and comment upon (i) a
Registration Statement at least five (5) Business Days prior to its filing with the SEC and (ii) all amendments and supplements to all Registration Statements (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K and any similar or successor reports) within a reasonable number of days prior to their filing with the SEC, and (B) not file any Registration Statement or amendment or supplement thereto in a form to which
Legal Counsel reasonably objects; provided that the failure of any Investor or his, her or its counsel to respond to such proposed documents within five (5) Business Days after receipt thereof shall be deemed approval of same. The
Company shall not submit a request for acceleration of the effectiveness of a Registration Statement or any amendment or supplement thereto without the prior approval of Legal Counsel, which consent shall not be unreasonably withheld or delayed. The
Company shall furnish to Legal Counsel, without charge, copies of any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to any Registration Statement (redacted to eliminate material non-public
information, if any, in such correspondence) The Company shall reasonably cooperate with Legal Counsel and the Investors shall instruct the Legal Counsel to reasonably cooperate with the Company, in each case in performing the Company’s
obligations pursuant to this Section 3. 
  

 5 

 (d) The Company shall furnish to Legal Counsel and each Investor whose Registrable
Securities are included in any Registration Statement, without charge, (i) promptly after the same is prepared and filed with the SEC, if requested by an Investor and not otherwise available on the EDGAR system, at least one copy of such
Registration Statement and any amendments or supplement thereto, including financial statements and schedules, all documents incorporated therein by reference, all exhibits and each preliminary prospectus (redacted to eliminate material non-public
information, if any, in any such exhibit or other document) and (ii) upon the effectiveness of any Registration Statement, if requested by an Investor, ten (10) copies of the prospectus included in such Registration Statement and all
amendments and supplements thereto (or such other number of copies as such Investor may reasonably request). 
 (e) The
Company shall use its reasonable best efforts to (i) register and qualify, unless an exemption from registration and qualification applies, the resale by Investors of the Registrable Securities covered by a Registration Statement under such
other securities or “blue sky” laws of all applicable jurisdictions in the United States, (ii) prepare and file in those jurisdictions such amendments (including post-effective amendments) and supplements to such registrations and
qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during the
Registration Period and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to (x) qualify to do business in any jurisdiction, (y) subject itself to general taxation in any jurisdiction or (z) file a general consent to service of process in any jurisdiction in which it is
not currently so qualified or subject to general taxation or has not currently so consented. The Company shall promptly notify Legal Counsel and each Investor who holds Registrable Securities of the receipt by the Company of any notification with
respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation
or threatening of any proceeding for such purpose. 
 (f) The Company shall notify Legal Counsel, any underwriter of such
registered offering and each Investor in writing (each such notice to Legal Counsel and the Investors, a “Suspension Notice”) of the happening of any of the following events, as promptly as practicable after becoming aware of such
event: (i) any request by the SEC or any other federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to such Registration Statement or related prospectus or for
additional information; (ii) the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation of any proceedings for that purpose;
(iii) the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any
proceeding for such purpose; or (iv) any event or circumstance which 

  

 6 

 
necessitates the making of any changes to the Registration Statement or related prospectus, or any document incorporated or deemed to be incorporated therein
by reference, so that, in the case of the Registration Statement, it will not include 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 made therein not
misleading and, in the case of the prospectus, it will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made therein, in the light of the circumstances under which they were made,
not misleading (provided, that in no event shall such notice contain any material non-public information), and, subject to Section 3(q), promptly prepare a supplement or amendment to such Registration Statement to correct such
untrue statement or omission, and deliver a copy of such supplement or amendment to Legal Counsel, any underwriter of such registered offering and each Investor (or such other number of copies as Legal Counsel, such underwriter or such Investor may
reasonably request). The Company shall also promptly notify Legal Counsel, any underwriter of such registered offering and each Investor in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed,
and when a Registration Statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to Legal Counsel and each Investor by facsimile on the same day of such effectiveness and by overnight
mail) and (ii) of the Company’s reasonable determination that a post-effective amendment to a Registration Statement would be appropriate. 
 (g) The Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of the Registration Statement (other than during an Allowable Grace Period), or the
suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension as soon as reasonably practicable consistent with
the provisions of Section 3(f) and to notify Legal Counsel and each Investor who holds Registrable Securities being sold of the issuance of such order or suspension and the resolution thereof or its receipt of actual notice of the
initiation or threat of any proceeding for such purpose. 
 (h) If any Investor is required under applicable securities law to
be described in the Registration Statement as an underwriter, at the reasonable request of such Investor, the Company shall furnish to such Investor, on the date of the effectiveness of the Registration Statement and thereafter from time to time on
such dates as such Investor may reasonably request (i) a letter, dated such date, from the Company’s independent certified public accountants in form and substance as is customarily given by independent certified public accountants to
underwriters in an underwritten public offering, addressed to the Investors, and (ii) an opinion, dated as of such date, of counsel representing the Company for purposes of such Registration Statement, in form, scope and substance as is
customarily given in an underwritten public offering, addressed to the Investors. 
 (i) Upon the written request of any
Investor in connection with such Investor’s due diligence requirements, if any, the Company shall make available for inspection by (i) any Investor, (ii) Legal Counsel, (iii) any underwriter participating in any disposition
pursuant to the Registration Statement and (iv) one firm of accountants or other agents retained by the Investors (collectively, the “Inspectors”) all pertinent financial, corporate and other records (collectively, the
“Records”) as shall be reasonably deemed necessary by each Inspector 

  

 7 

 
to fulfill a due diligence obligation by such Investor, and cause the Company’s chief executive officer, chief financial officer and executive vice
president and secretary to be reasonably available to the Inspectors for questions regarding the Records and to supply all information which any Inspector may reasonably request; provided, however, that each Inspector shall agree in
writing to hold in strict confidence and shall not make any disclosure (except to an Investor) or use of any Record or other information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so
notified, unless (a) the release of such Records is ordered pursuant to a final, non-appealable subpoena or order from a court or government body of competent jurisdiction or (b) the information in such Records has been made generally
available to the public other than by disclosure in violation of this or any other Transaction Document. Nothing herein (or in any other confidentiality agreement between the Company and any Investor) shall be deemed to limit the Investors’
ability to sell Registrable Securities in a manner which is otherwise consistent with this Agreement and the other Transaction Documents, applicable laws and regulations. 
 (j) The Company shall hold in confidence and not make any disclosure of information concerning an Investor provided to the Company unless
(i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any Registration Statement,
(iii) the release of such information is ordered pursuant to a final, non-appealable subpoena or order from a court or government body of competent jurisdiction, or (iv) such information has been made generally available to the public
other than by disclosure in violation of this Agreement or any other Transaction Document. The Company agrees that it shall, upon learning that disclosure of such information concerning an Investor is sought in or by a court or government body of
competent jurisdiction or through other means, give prompt written notice to such Investor and allow such Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure of, or to obtain a protective order for, such
information. 
 (k) The Company shall use its reasonable best efforts to cause all the Registrable Securities covered by the
Registration Statement to be listed upon the Primary Market. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(k). 
 (l) The Company shall cooperate with the Investors who hold Registrable Securities being offered and, to the extent applicable pursuant to
the Transaction Documents, facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement and enable such certificates to
be in such denominations or amounts, as the case may be, as the Investors may reasonably request and registered in such names as the Investors may request. 
 (m) If requested by an Investor and if the Company’s counsel deems such inclusion not inconsistent with the 1933 Act or the 1934 Act or other applicable law, the Company shall (i) as soon as practicable
incorporate in a prospectus supplement or post-effective amendment such information as an Investor reasonably requests to be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information
with respect to the number of Registrable Securities being offered or sold, the purchase price being 

  

 8 

 
paid therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; (ii) as soon as practicable make all
required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; and (iii) as soon as practicable supplement or make
amendments to any Registration Statement if reasonably requested by an Investor holding any Registrable Securities. 
 (n) The
Company shall make generally available to its security holders as soon as practicable, but not later than ninety (90) days after the close of the period covered thereby, an earnings statement (in form complying with, and in the manner provided
by, the provisions of Rule 158 under the 1933 Act) covering a twelve-month period beginning not later than the first day of the Company’s fiscal quarter next following the effective date of a Registration Statement. 
 (o) The Company shall otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC in
connection with any registration hereunder. 
 (p) Within two (2) Business Days after the Registration Statement which
covers Registrable Securities is declared effective by the SEC, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Investors whose
Registrable Securities are included in such Registration Statement) confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as Exhibit A. 
 (q) At any time after the Effective Date, upon the occurrence of any event or circumstance which necessitates the making of any changes in
the Registration Statement or related prospectus, or any document incorporated or deemed to be incorporated therein by reference, so that, in the case of the Registration Statement, it will not include 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 made therein not misleading and, in the case of the prospectus, it will not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made therein, in the light of the circumstances under which they were made, not misleading, the period of suspension pursuant to the Company’s Suspension Notice shall be referred to herein as a “Grace
Period”. The Company shall (i) promptly notify the Investors in writing of the existence of a Grace Period in conformity with the provisions of this Section 3(q) (provided, that in each notice the Company will not
disclose the content of such material non-public information to the Investors) and the date on which the Grace Period will begin, and (ii) as soon as such date may be determined, promptly notify the Investors in writing of the date on which the
Grace Period ends. Notwithstanding anything to the contrary herein, no Grace Period shall exceed fifteen (15) consecutive days and during any three hundred sixty five (365) day period, such Grace Periods shall not exceed an aggregate of
thirty (30) days, and the first day of any Grace Period must be at least five (5) trading days after the last day of any prior Grace Period (each, an “Allowable Grace Period”). For purposes of determining the length of a
Grace Period above, the Grace Period shall begin on and include the date the Investors receive the notice referred to in clause (i) and shall end on and include the later of the date the Investors receive the notice referred to in clause
(ii) and the date referred to in such notice. The provisions 

  

 9 

 
of Section 3(g) hereof shall not be applicable during the period of any Allowable Grace Period. Upon expiration of the Grace Period, the Company
shall again be bound by the first sentence of Section 3(f) with respect to the information giving rise thereto unless such material non-public information is no longer applicable. Notwithstanding anything to the contrary, the Company
shall cause its transfer agent to deliver unlegended shares of Common Stock to a transferee of an Investor in accordance with the terms of the Financing Agreement in connection with any sale of Registrable Securities with respect to which an
Investor has entered into a contract for sale, and delivered a copy of the prospectus included as part of the applicable Registration Statement, in each case prior to the Investor’s receipt of the Suspension Notice related to the Grace Period
and for which the Investor has not yet settled. 
 4. OBLIGATIONS AND COVENANTS OF THE INVESTORS. 
 (a) Each Investor, by such Investor’s acceptance of the Registrable Securities, agrees to cooperate with the Company as reasonably
requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless such Investor has not elected to include any of such Investor’s Registrable Securities in such Registration Statement
pursuant to Section 2(e) hereof. 
 (b) Each Investor agrees that, upon receipt of any Suspension Notice from the
Company, such Investor will discontinue disposition of Registrable Securities pursuant to any Registration Statement covering such Registrable Securities until such Investor’s receipt of the copies of the supplemented or amended prospectus
contemplated by Section 3(f) or receipt of notice from the Company in writing that no supplement or amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended shares
of Common Stock to a transferee of an Investor in accordance with the terms of the Financing Agreement in connection with any sale of Registrable Securities under any of the circumstances described in the last sentence of Section 3(q).

 (c) Each Investor acknowledges that there may occasionally be times when the Company must suspend the use of the prospectus
forming a part of the Registration Statement, and each Investor covenants and agrees that it will not make any sale of Registrable Securities under the Registration Statement without complying with the provisions of this Agreement (including but not
limited to the prohibition on sales after the Effective Date beginning with delivery of a Suspension Notice to such Investor and ending at the time the Company gives such Investor written notice that such Investor may thereafter effect sales
pursuant to said prospectus or an amended or supplemented prospectus forming part of a Registration Statement) and each Investor covenants and agrees that it will comply with any prospectus delivery requirements of the 1933 Act as applicable to it
in connection with sales of Registrable Securities pursuant to the Registration Statement. Upon receipt of a Suspension Notice, each Investor will refrain from selling any Registrable Securities pursuant to a Registration Statement until the
Investor’s receipt of copies of a supplemented or amended prospectus prepared and filed by the Company or until the Investor is advised in writing by the Company that the current prospectus may be used. 
  

 10 

 (d) Upon a request by the Company, each Investor will, as soon as practicable, but in no
event later than two (2) Business Days after such request, notify the Company whether such Investor continues to hold Registrable Securities. 
 5. EXPENSES OF REGISTRATION. 
 All reasonable expenses, other than underwriting discounts and commissions or other charges
of any broker-dealer acting on behalf of the Investors, incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications
fees, printers and accounting fees and fees and disbursements of counsel for the Company shall be paid by the Company. The Company shall also reimburse the Investors for the reasonable fees and disbursements of Legal Counsel in connection with
registrations, filings or qualifications pursuant to Sections 2 and 3 of this Agreement. 
 6. INDEMNIFICATION.

 In the event any Registrable Securities are included in a Registration Statement (provided, that for the purpose of this
Section 6, the term “Registration Statement” shall include any preliminary prospectus, final prospectus, exhibit, supplement or amendment included in or relating to, and any document incorporated or deemed to be incorporated by
reference in, the Registration Statement as such term is defined in Section 1(g) under this Agreement: 
 (a) The
Company agrees to indemnify, hold harmless and defend each Investor, the directors, officers, partners, managers, members, employees, agents and representatives of, and each Person, if any, who controls, any Investor within the meaning of the 1933
Act or the 1934 Act (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement (if such settlement is
effected with the written consent of the party from whom indemnification is sought, which consent shall not be unreasonably withheld, conditioned or delayed) or expenses, joint or several (collectively, “Claims”), incurred in
investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending
or threatened (“Indemnified Damages”), to which any of them may become subject insofar as such Claim (or actions or proceedings, whether commenced or threatened, in respect thereof) or Indemnified Damages arise out of or are based
upon: (i) any untrue statement or alleged untrue statement of a material fact in the Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities
or other “blue sky” laws of any jurisdiction in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make
the statements made therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in any prospectus, including any preliminary prospectus, free writing prospectus or final prospectus (as amended or
supplemented, if the Company files any amendment thereof or supplement thereto with the SEC, and including all information incorporated by reference therein), or the omission or alleged omission to state therein any material fact necessary to make
the statements made therein, in the light of the circumstances under which they were made, not 

  

 11 

 
misleading, (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any
state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement or (iv) any violation of this Agreement (the matters in the foregoing clauses
(i) through (iv) being, collectively, “Violations”). Subject to Section 6(c), the Company shall reimburse the Indemnified Persons, promptly as such expenses are incurred and are due and payable, for any legal
fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this
Section 6(a): (i) shall not apply to a Claim or Indemnified Damages sought by an Indemnified Person to the extent arising out of or based upon a Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by such Indemnified Person expressly for use in connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; and (ii) shall not apply to amounts paid in
settlement of any Claim if such settlement is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed. Such indemnity shall remain in full force and effect regardless of any
investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Investors pursuant to Section 9. 
 (b) In connection with any Registration Statement in which an Investor is participating, each such Investor agrees to severally and not
jointly indemnify, hold harmless and defend the Company, each of its directors, each of its officers who signs the Registration Statement and each Person, if any, who controls the Company within the meaning of the 1933 Act (each, an
“Indemnified Party”), to the same extent and in the same manner as is set forth in Section 6(a) with respect to the Indemnified Persons, against any Claim or Indemnified Damages to which any of them may become subject
insofar as such Claim or Indemnified Damages arise out of or are based upon: (i) any Violation, to the extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information furnished to the
Company by such Investor expressly for use in connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; or (ii) the use by such Investor of an outdated or defective prospectus after the
Company has notified such Investor in writing that the prospectus is outdated or defective; and, subject to Section 6(c), such Investor will reimburse any legal or other expenses reasonably incurred by an Indemnified Party in connection
with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section 7 shall not
apply to amounts paid in settlement of any Claim or Indemnified Damages if such settlement is effected without the prior written consent of such Investor, which consent shall not be unreasonably withheld, conditioned or delayed; provided,
further, however, that an Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to such Investor as a result of the sale of Registrable
Securities pursuant to such Registration Statement giving rise to such indemnification obligation. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive
the transfer of the Registrable Securities by the Investors pursuant to Section 9. 
  

 12 

 (c) Promptly after receipt by an Indemnified Person or Indemnified Party under this
Section 6 of the written threat of or notice of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim or Indemnified Damages, such Indemnified Person or Indemnified Party shall,
if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, promptly deliver to the indemnifying party a written notice of the written threat of or notice of the commencement of such action or
proceeding. In case any such action or proceeding is brought against any Indemnified Party or Indemnified Person and such Indemnified Party or Indemnified Person seeks or intends to seek indemnity from an indemnifying party, the indemnifying party
shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the
indemnifying party and the Indemnified Person or the Indemnified Party, as the case may be; provided, however, that an Indemnified Party or Indemnified Person shall have the right to retain its own counsel with the fees and expenses of
such counsel for such Indemnified Party or Indemnified Person (as applicable) to be paid by the indemnifying party if the defendants in any such action or proceeding include both the Indemnified Party or Indemnified Person, on the one hand, and the
indemnifying party, on the other hand, and the Indemnified Party or Indemnified Person (as applicable) shall have reasonably concluded, based on an opinion of counsel reasonably satisfactory to the indemnifying party, that the representation by such
counsel of the Indemnified Person or Indemnified Party (as applicable) and the indemnifying party would be inappropriate due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party
represented by such counsel in such proceeding and/or that there may be legal defenses available to it and/or any other Indemnified Party or Indemnified Person which are different from or additional to those available to the indemnifying party;
provided, further, however, that the indemnifying party shall not be responsible for the reasonable fees and expenses of more than one (1) separate legal counsel for all such Indemnified Persons or Indemnified Parties. In the case
of an Indemnified Person, legal counsel referred to in the immediately preceding sentence shall be selected by the Investors holding at least 70% of the Registrable Securities included in the Registration Statement to which the Claim or Indemnified
Damages relate. The Indemnified Party or Indemnified Person shall reasonably cooperate with the indemnifying party in connection with any negotiation or defense of any such action or proceeding or Claim or Indemnified Damages by the indemnifying
party and shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or proceeding or Claim or Indemnified Damages. The indemnifying party shall keep the
Indemnified Party or Indemnified Person reasonably apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action or proceeding
effected without its prior written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of the
Indemnified Party or Indemnified Person, as the case may be, consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such
Indemnified Party or Indemnified Person (as applicable) of a full release from all liability with respect to such Claim or Indemnified Damages. The failure to deliver written notice to the indemnifying party within a reasonable time of the
commencement of any such action or proceeding shall not relieve such indemnifying party of any liability to the Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is materially
prejudiced in its ability to defend such action or proceeding as a result of such failure. 
  

 13 

 (d) No Person involved in the sale of Registrable Securities who is guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in connection with such sale shall be entitled to indemnification from any Person who is not guilty of such fraudulent misrepresentation. 
 (e) The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course
of the investigation or defense, as and when bills are received or Indemnified Damages are incurred. 
 (f) The indemnity
agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be
subject to pursuant to the law. Notwithstanding the foregoing, in the event that any of the provisions of Section 13.12 of the Financing Agreement and this Section 6 may be deemed to both be applicable to any of the same losses,
claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding,
investigation or appeal taken from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, the provisions of this Section 6 shall control and such
provisions of Section 13.12 of the Financing Agreement shall be inoperative. 
 7. CONTRIBUTION. 
 To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to, in lieu of indemnifying
such Indemnified Person or Indemnified Party, as applicable, make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided,
however, that: (i) no contribution shall be made under circumstances where the maker would not have been liable for indemnification under the fault standards set forth in Section 6 of this Agreement; (ii) no Person
involved in the sale of Registrable Securities which Person is guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in connection with such sale shall be entitled to contribution from any Person who was
not guilty of such fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities
pursuant to such Registration Statement. 
 8. REPORTS UNDER THE 1934 ACT. 
 With a view to making available to the Investors the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation of the
SEC that may at any time permit the Investors to sell securities of the Company to the public without registration (“Rule 144”), at all times during which there are shares of Registrable Securities outstanding which have not been
previously (i) sold to or through a broker or dealer or underwriter in a 

  

 14 

 
public distribution or (ii) sold in a transaction exempt from the registration and prospectus delivery requirements of the 1933 Act under
Section 4(1) thereof, in the case of either clause (i) or clause (ii) in such a manner that, upon the consummation of such sale, all transfer restrictions and restrictive legends with respect to such shares are removed upon the
consummation of such sale, the Company agrees to: 
 (a) make and keep public information available, as contemplated by
Rule 144; 
 (b) file with the SEC in a timely manner all reports and other documents required of the Company under the
1933 Act and the 1934 Act, so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the applicable provisions of Rule 144; and 
 (c) furnish to each Investor so long as such Investor owns Registrable Securities, promptly upon request, (i) a written statement by
the Company, if true, that it has complied with the reporting requirements of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed
by the Company, and (iii) such other information as may be reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration. 
 9. ASSIGNMENT OF REGISTRATION RIGHTS. 
 The rights under this Agreement shall be automatically assignable by the Investors to any transferee of all or any portion of such Investor’s Registrable Securities if: (i) the Investor agrees in writing with the transferee to
assign such rights, and a copy of such agreement is furnished to the Company within a reasonable time after such assignment; (ii) the Company is, within a reasonable time after such transfer, furnished with written notice of (a) the name
and address of such transferee and (b) the securities with respect to which such registration rights are being assigned; (iii) immediately following such transfer the further disposition of such securities by the transferee is restricted
under the 1933 Act or applicable state securities laws; (iv) at or before the time the Company receives the written notice contemplated by clause (ii) of this sentence the transferee agrees in writing with the Company to be bound by all of
the provisions contained herein; and (v) such transfer shall have been made in accordance with the applicable requirements of the Financing Agreement, including but not limited to those in Section 6.4 thereof. 
 10. AMENDMENT OF REGISTRATION RIGHTS. 
 Provisions of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either retroactively or prospectively) only with the written consent of the Company and the Required
Holders. Any amendment or waiver effected in accordance with this Section 10 shall be binding upon each Investor and the Company. No such amendment shall be effective to the extent that it applies to less than all of the holders of the
Registrable Securities. No consideration shall be offered or paid to any Person to amend or consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is offered to all of the Investors.

  

 15 

 11. MISCELLANEOUS. 
 (a) A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the
such record owner of such Registrable Securities. 
 (b) Any notices, consents, waivers or other communications required or
permitted to be given under the terms of this Agreement must be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to
receive the same. The addresses and facsimile numbers for such communications shall be: 
 If to the Company: 
 Jamba, Inc. 
 6475 Christie Avenue, Suite 150

 Emeryville, California 94608 

			
	Telephone:	 	(510) 596-0253
	Facsimile:	 	(510) 653-0643
	Attention:	 	 Michael Fox
 Senior Vice President and General Counsel

 with a copy (for informational purposes only) to: 
 DLA Piper LLP (US) 
 2000 University Avenue

 East Palo Alto, California 94403 

			
	Telephone:	 	(650) 833-2106
	Facsimile:	 	(650) 687-1205
	Attention:	 	Eric H. Wang

 If to Legal Counsel: 
 Latham & Watkins LLP 
 233 South Wacker Drive, Suite 5800 
 Chicago, Illinois 60606 

			
	Telephone:	 	(312) 876-7651
	Facsimile:	 	(312) 993-9767
	Attention:	 	Bradley E. Kotler

  

 16 

 If to a Buyer, to its address and facsimile number set forth on the Schedule of Buyers attached hereto, with
copies to such Buyer’s representatives as set forth on such Schedule of Buyers, or to such other address and/or facsimile number and/or to the attention of such other individual as the recipient party has specified by written notice
given to each other party five (5) days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically
generated by the sender’s facsimile machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (C) provided by a courier or overnight courier service shall be rebuttable evidence of
personal service, receipt by facsimile or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively. 
 (c) Failure of any party to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right
or remedy, shall not operate as a waiver thereof. 
 (d) All questions concerning the construction, validity, enforcement and
interpretation of this Agreement shall be governed by the internal laws of the State of Illinois, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Illinois or any other jurisdictions) that
would cause the application of the laws of any jurisdiction other than the State of Illinois. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of Chicago for the adjudication of
any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject
to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such
invalidity or unenforceability shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY
HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 

(e) This Agreement, the other Transaction Documents (as defined in the Financing Agreement) and the instruments referenced herein and
therein constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein and therein.
This Agreement, the other Transaction Documents and the instruments referenced herein and therein supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof and thereof. 
  

 17 

 (f) Subject to the requirements of Section 9, this Agreement shall inure to
the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto. 
 (g) The headings in
this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (h) This
Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by
facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. 
 (i)
Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as any other party may reasonably request in
order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby. 
 (j) All consents and other determinations required to be made by the Investors pursuant to this Agreement shall be made, unless otherwise specified in this Agreement, by the Required Holders. 
 (k) The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no
rules of strict construction will be applied against any party. 
 (l) This Agreement is intended for the benefit of the
parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person. 
 (m) The obligations of each Investor hereunder are several and not joint with the obligations of any other Investor, and no provision of
this Agreement is intended to confer any obligations on any Investor vis-à-vis any other Investor. Nothing contained herein, and no action taken by any Investor pursuant hereto, shall be deemed to constitute the Investors as a partnership, an
association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated herein. 
 * * * * * * 

 IN WITNESS WHEREOF, each Buyer and the Company has caused its signature page to this Registration
Rights Agreement to be duly executed as of the date first written above. 
  

			
	COMPANY:
	
	JAMBA, INC.
		
	By:	 	/s/ Michael Fox
	Name:	 	Michael Fox
	Title:	 	Senior VP, General Counsel and Secretary
	
	BUYERS:
	
	VICTORY PARK SPECIAL SITUATIONS, L.P.
	
	 By: Victory Park Capital Advisors, LLC,
 its
investment manager

		
	By:	 	/s/ Matthew Ray
	Name:	 	Matthew Ray
	Title:	 	Principal
	
	VICTORY PARK CREDIT OPPORTUNITIES, L.P.
	
	 By: Victory Park Capital Advisors, LLC,
 its
investment manager

		
	By:	 	/s/ Matthew Ray
	Name:	 	Matthew Ray
	Title:	 	PrincipalStock Purchase Agreement

 Exhibit 10.1 
 STOCK EXCHANGE AGREEMENT 
 This STOCK EXCHANGE AGREEMENT (the “Agreement”) is made and
entered into as of September 10, 2008 (the “Execution Date”), by and among Thomas Eli Conger II (“Seller”), Social Technologies Group, Inc., a Delaware corporation (“Company”), and UTEK Corporation, a Delaware
corporation (“Buyer” or “UTEK”). 
 W I T N E S S E T H: 
 WHEREAS, Seller owns all of the issued and outstanding capital stock of the Company; 
 WHEREAS, the Company specializes in providing long-term business and strategic consulting services focused on innovation to create growth, build
capability and new business models for its clients (the “Business”); 
 WHEREAS, the Seller owns 100% of the issued and
outstanding shares of common stock of the Company, no par value (the “Shares”) and Seller desires to sell, and Buyer desires to acquire the Shares, subject to the terms and conditions set forth herein; and 
 WHEREAS, it is intended that the sale by Seller of the Shares to Buyer in exchange for the Common Stock pursuant to this Agreement (the
“Share Exchange”) shall be treated as a tax-free reorganization within the meaning of Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended. 
 NOW, THEREFORE, for and in consideration of the premises, the mutual representations, warranties, covenants, and agreements contained in this
Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 
 ARTICLE I 
 ACQUISITION OF SHARES 
 1.01 Agreement to Acquire Shares. Subject to the terms and conditions of this Agreement, Seller agrees to sell, transfer and assign
to Buyer, and Buyer agrees to acquire, on the Closing Date (as defined in Section 8.07 below), the Shares, free and clear of all security interests, pledges, liens, encumbrances, charges, or restrictions on the ownership, use, voting,
transfer, receipt of dividends or other attributes of ownership. 
 1.02 Liabilities of Seller. Prior to the Closing Date,
Seller, as shareholder of the Company, shall cause the Company to pay or otherwise satisfy all the Company’s liabilities, if any, set forth in Schedule 1.02 (the “Retained Liabilities”). Except for the Retained Liabilities,
Buyer shall, as a result of the execution and consummation of this Agreement and through its ownership of the Company, assume and become liable for all liabilities, obligations, debts, contracts, and other commitments of the Company of any kind or
nature whatsoever, known or unknown, fixed, accrued, contingent, or otherwise, arising out of any transaction entered into, or any state of facts existing prior to, at, or subsequent to the Closing Date.  
  

 - 1 - 

 ARTICLE II 
 EXCHANGE PRICE 
 2.01 Exchange Price. 
 (i) At the Closing, Buyer shall deliver to Seller as noncontingent consideration for the Shares a number of shares (the “Initial Shares”) of
UTEK common stock, $.01 par value (the “Common Stock”), with a value equal to $5,088,438.00 based on the average closing price of such Common Stock during the ten trading days immediately preceding the date hereof (the “Average
Price”). As of September 10, 2008, approximately 498,866 shares of UTEK would be delivered to Seller pursuant to this Section 2.01(i). 
 (ii) At the Closing, Buyer shall deliver to the Escrow Agent (as defined below) as contingent consideration for the Shares a number of shares (the “Escrowed Shares”) of Common Stock with a value equal to
$5,088,438.00 based on the Average Price. As of September 10, 2008, approximately 498,866 shares of Common Stock would be delivered to Seller pursuant to this Section 2.01(ii). The Escrowed Shares shall be held by the Escrow
Agent pursuant to that certain Escrow and Lock-up Agreement, by and among Buyer, Seller and the Escrow Agent, dated as of the date hereof and attached hereto as Exhibit 2.01 (the “Escrow Agreement”). The Escrowed Shares shall be
distributed to Buyer or Seller under the terms and conditions as set forth in the Escrow Agreement. The “Escrow Agent” shall have the meaning ascribed to that term in the Escrow Agreement. 
 (iii) The “Exchange Price” shall be the Initial Shares and the Escrowed Shares (subject to reduction to the extent that any Escrowed Shares are
later delivered to Buyer and not Seller pursuant to the terms of Section 2.02 below and the Escrow Agreement). 
 2.02
Escrowed Shares. In accordance with the Escrow Agreement, the Escrowed Shares shall be released to Seller (or his estate or heirs, as the case may be) and/or Buyer as follows: 
 (i) On the first anniversary of the date of Closing, one–third of the Escrowed Shares (the “First Escrow Tranche”) shall be distributed to
Seller or retained by the Escrow Agent as follows: 
 (a) all of the First Escrow Tranche shares will be distributed to Seller if the
Business recognizes at least $4,250,000.00 in Revenue (as defined below) during the twelve (12) months following the date of Closing; or 
 (b) to the extent that the Business recognizes less than $4,250,000.00 in Revenue during the twelve (12) months following the date of Closing, a number of Escrowed Shares from the First Escrow Tranche shall be retained by the Escrow
Agent based on the following formula: 
  

					
	X = (A –B)	 	x 0.50 ÷ C
			
	where:	 	X =	 	the number of shares to be withheld by the Escrow Agent
		 	A =	 	$4,250,000.00
		 	B =	 	Revenue for the twelve (12) months following the date of Closing
		 	C =	 	the Average Price

  

 - 2 - 

 After such retention, the remainder of the First Escrow Tranche shall be distributed to Seller on such first anniversary.

 (ii) On the second anniversary of the date of Closing, one-third of the Escrowed Shares (the “Second Escrow Tranche”), plus any
retained shares from the First Escrow Tranche, shall be distributed to Seller or retained by the Escrow Agent as follows: 
 (a) all of the
Second Escrow Tranche and any retained shares from the First Escrow Tranche shall be distributed to Seller if the Business recognizes at least $9,350,000.00 in Revenue during the twenty-four (24) month period from the date of Closing; or

 (b) the greater result to Seller of the following three formulae: 
 (x) the Second Escrow Tranche will be distributed to Seller if the Business recognizes at least $5,100,000.00 in Revenue during the second twelve
(12) month period following the date of Closing; or 
 (y) to the extent that the Business recognizes less than $5,100,000.00 in
Revenue during the second twelve (12) month period following the date of Closing, a number of Escrowed Shares from the First Escrow Tranche shall be retained by the Escrow Agent based on the following formula: 
  

					
	X = (A – B)	 	x 0.50 ÷ C
			
	where:	 	X =	 	the number of shares to be withheld by the Escrow Agent
		 	A =	 	$5,100,000.00
		 	B =	 	Revenue for the second twelve (12) month period following the date of Closing
		 	C =	 	the Average Price; or

 (z) to the extent that the Business recognizes less than $9,350,000.00 in Revenue during the
twenty-four (24) month period following the execution of this Agreement, a number of Escrowed Shares from the Second Escrow Tranche shall be retained by the Escrow Agent based on the following formula: 
  

					
	X = (A – B)	 	x 0.50 ÷ C
			
	where:	 	X =	 	the number of shares to be withheld by the Escrow Agent
		 	A =	 	$9,350,000.00
		 	B =	 	aggregate Revenue for the twenty-four (24) month period following Closing
		 	C =	 	the Average Price

  

 - 3 - 

 After such retention, the remainder of the Second Escrow Tranche shall be distributed to Seller on such second
anniversary. 
 (iii) On the third anniversary of the date of Closing, all remaining Escrowed Shares (including any retained shares from the
First and Second Escrow Tranches) shall be distributed to Seller on the one hand, or Buyer, on the other hand, as follows: 
 (a) all
remaining Escrowed Shares will be distributed to Seller if the Business recognizes at least $15,470,000.00 in Revenue during the thirty-six (36) months following Closing; or 
 (b) the greater result to Seller of the following three formulae: 
 (x) One–third of the original Escrowed Shares will be distributed to Seller, if the Business recognizes at least $6,120,000.00 in Revenue during the third twelve (12) month period following the date of
Closing; or 
 (y) to the extent that the Business recognizes less than $6,120,000.00 in Revenue during the third twelve (12) month
period following the date of Closing, a number of Escrowed Shares from the First Escrow Tranche shall be retained by the Escrow Agent based on the following formula: 
  

					
	X = (A – B)	 	x 0.50 ÷ C
			
	where:	 	X =	 	the number of shares to be withheld by the Escrow Agent
		 	A =	 	$6,120,000.00
		 	B =	 	Revenue for the third twelve (12) month period following the date of Closing
		 	C =	 	the Average Price; or

 (z) To the extent that the Business recognizes Revenue during the thirty-six (36) month
period following the date of Closing of less than $15,470,000.00, a number of Escrowed Shares from the Third Escrow Tranche shall be distributed to Buyer based on the following formula: 
  

					
	X = (A – B)	 	x 0.50 ÷ C
			
	where:	 	X =	 	the number of shares to be distributed to Buyer
		 	A =	 	$15,470,000.00
		 	B =	 	aggregate Revenue for the thirty-six (36) months after Closing
		 	C =	 	the Average Price

  

 - 4 - 

 After such distribution to Buyer, all remaining Escrowed Shares shall be distributed to Seller on such third anniversary.

 (iv) For purposes of this Section 2.02, “Revenue” shall mean all revenues accrued in respect of professional
services performed, measured in accordance with U.S. generally accepted accounting principles (“GAAP”), by the Business during the specified twelve (12) month periods. 
 (v) Notwithstanding any other provision of this Section 2.02, all Escrowed Shares shall be released immediately to Seller, and no Escrowed
Shares shall be distributed to Buyer if, prior to the third anniversary of the date of this Agreement: (a) Buyer breaches its covenant contained in Section 7.04, (b) the proviso in Section 8.05 applies,
(c) Buyer liquidates the Company and does not establish appropriate financial ledgers and accounts to calculate the Revenue of the Business for the twelve (12), twenty-four (24) and thirty-six (36) month periods following the date of
Closing in a manner consistent with the determinations required under this Section 2.02, or (d) there shall occur a transaction or series of related transactions pursuant to which any third party(ies) acquire(s) (x) a majority
(by vote or value) of the equity securities of Buyer (whether by merger, liquidation, consolidation, reorganization, combination, sale or transfer of Buyer’s equity securities, security holder or voting agreement, proxy, power of attorney or
otherwise), (y) all or a majority of Buyer’s assets determined on a consolidated basis or (z) control of Buyer’s Board of Directors. 
 2.03 Transfer Taxes. All applicable sales and transfer taxes, if any, arising by reason of the transfer of the Shares under this Agreement shall be borne one-half by Seller and one-half by Buyer.

 ARTICLE III 
 REPRESENTATIONS AND WARRANTIES OF SELLER 
 Seller hereby represents and warrants to Buyer all of the following, each of
which is material to and is being relied upon by Buyer; provided, that all the representations and warranties of Seller hereunder are made based upon the knowledge of Seller, or in the case of the Company, the directors and officers of the
Company as set forth in Section 16.10. For purposes of below Sections 3.05, 3.06, 3.07, 3.09, 3.12, 3.14, 3.15, 3.18, 3.19, 3.20, 3.21, 3.22, 3.23, 3.24 and 3.25, references to the “Company” also encompass Social
Technologies, LLC. 
  

 - 5 - 

 3.01 Organization and Standing. The Company is or will be a corporation duly organized,
validly existing, and in good standing under the laws of the State of Delaware with full power and authority to own its properties and assets and to conduct its business as now conducted or proposed to be conducted. 
 3.02 Corporate Authority. Subject to receipt of the approvals, authorizations, and consents of governmental authorities and third parties
to be specified in Schedule 3.04 attached hereto and made a part hereof (the “Required Consents”), Seller and the Company each have the full right, power, legal capacity, and authority to enter into and perform each of its
obligations under this Agreement and to consummate the transactions contemplated by this Agreement, in accordance with the terms of this Agreement. Neither the execution, delivery, or performance of this Agreement, nor the consummation of the
transactions contemplated by this Agreement, will (i) violate, contravene, or conflict with (x) any provision of the Certificate of Incorporation or Bylaws of the Company, each as amended to date, or (y) any material provision of any
constitution, law, statute, rule, regulation, injunction, judgment, order, decree, ruling, charge, or other restriction of any government, government agency, court, or arbitrator to which Seller or the Company is subject, (ii) subject to the
receipt of the Required Consents, violate, contravene, conflict with, constitute a material breach or default (or with notice or lapse of time, or both, constitute a breach or default) under, result in the termination or suspension of, or result in
the acceleration of the performance required by, any of the terms, conditions, or provisions of any material note, bond, mortgage, indenture, license, lease, agreement, commitment, or other instrument or obligation to which Seller or the Company is
a party or to which Seller or the Company or any of the respective properties or assets of Seller or the Company, may be subject, bound, or affected, or (iii) result in the creation or imposition of any liens, pledges, security interests,
encumbrances, infringements, liabilities, claims, charges, equities, covenants, conditions, restrictions, and obligations of any kind or nature whatsoever (in each case, a “Lien”) upon the Shares or any of the assets of the Company, except
as created pursuant to this Agreement. 
 3.03 Corporate Authorization. Seller and the Company have taken all necessary
corporate actions to authorize and approve the execution, delivery, and performance of this Agreement and the transactions contemplated by this Agreement (including approval by the Board of Directors). Subject to receipt of the required shareholder
approvals, this Agreement constitutes the legal, valid, and binding obligation of Seller, enforceable against Seller in accordance with its terms. 
 3.04 Required Consents. Except for the Required Consents set forth in Schedule 3.04 attached hereto, no approval, authorization, or consent of any governmental body or authority and no approval, authorization, consent,
or waiver from any other party to any material note, bond, mortgage, indenture, license, lease, agreement, commitment, or other instrument or obligation to which Seller or the Company is a party or to which Seller or the Company or any of the
respective material properties or assets of Seller or the Company, may be subject, bound, or affected, is required for the lawful consummation by Seller of the transactions contemplated by this Agreement. 
  

 - 6 - 

 3.05 Title to Assets. Schedule 3.05(a) attached hereto contains a true and correct
list and a description of all material operating assets of the Company, including, but not limited to, the Software (defined below in Section 3.06), the Proprietary Rights (defined below in Section 3.07), and all other items
of personal property of the Company (collectively, the “Assets”). The Company has good, valid, complete, and indefeasible title to all of the Assets. All of the Assets are owned by the Company free and clear of all Liens and not subject to
any leases or licenses, other than the matters set forth in Schedule 3.05(a). Except as set forth in Schedule 3.05(b) attached hereto, no financing statement under the Uniform Commercial Code or similar law naming the Company as debtor
has been filed in any jurisdiction and is still in effect, and the Company is not a party to or bound by any agreement or arrangement authorizing any party to file any such financing statement. 
 3.06 Software. Schedule 3.06 is a true, correct, and complete listing of all items of Software (as defined below) owned by the
Company. To the knowledge of Seller, except as set forth in Schedule 3.06 attached hereto, there are no material errors, material malfunctions, and/or material defects in the Software, and there are no uses of the Software or any portion
thereof by any third party, except for those users who derive a use of the Software through their interaction with the website. No rights or licenses, express or implied, have been granted to any third parties under the Software or any portion
thereof. “Software” includes, but is not limited to, all of the Company’s computer software (including object and source code, in machine readable and listing form) and all documentation (including system and software documentation,
documentation made available to customers, and training materials), flowcharts, source code notes, software tools, compilers, test routines, and other information and materials, in whatever form, related thereto; and all revisions, release levels,
and versions thereof; provided, that “Software” does not include any generally commercially available software that has been purchased by the Company.  
 3.07 Proprietary Rights. Schedule 3.07(a) is a true, correct, and complete listing of the Proprietary Rights (as defined below) owned by the Company, and other documentation evidencing or giving
rise to, and included in, the Proprietary Rights, copies of which are set forth on Schedule 3.07(a) attached hereto which the Company will own after the Share Exchange; provided, however, the Seller will maintain certain
Proprietary Rights as his own following the Share Exchange as set forth on Schedule 3.07(b). The Proprietary Rights on Schedule 3.07(a) are in full force and effect in all material respects and there are no Liens, claims, proceedings,
or causes of action which materially affects the validity or enforceability of the Proprietary Rights. No rights or licenses, express or implied, have been granted to any third parties under the Proprietary Rights or any portion thereof, except as
disclosed on Schedule 3.07(b). Buyer agrees to the Seller’s continued future use of the Proprietary Rights disclosed on Schedule 3.07(b) and agrees not to object to the Seller’s continued future use of said Proprietary
Rights. “Proprietary Rights” means all names, patents, patent applications, inventions, marks, formulae (patented and unpatented), symbols, trade names, trademarks, service marks 

  

 - 7 - 

 
and applications and registrations thereof, domain name registrations, websites, copyrights, copyright applications and registrations, logos, franchises,
process instructions, permits, licenses and sublicenses (and agreements in respect thereof or applications therefor), patent, trademark and copyright prosecution histories, laboratory notebooks and all other proprietary rights, documents,
information and records including, but not limited to, all filings, registrations or issuances of any of the foregoing with or by any federal, state, local or foreign regulatory, administrative or governmental office or offices, and all federal,
state and common law rights protecting such in the United States of America and throughout the world. 
 3.08 Non-Infringement.
To Seller’s knowledge, the Software and the Proprietary Rights do not, in whole or in part, infringe any copyright, trade secret, or other similar proprietary right of any third party. To Seller’s knowledge: (i) the Software and the
Proprietary Rights do not infringe any patent of any third party and (ii) there is no pending claim that the Software and the Proprietary Rights infringe any patent of any third party. Except as set forth on Schedule 3.08, to
Seller’s knowledge, no rights or licenses are required from third parties to exercise any rights with respect to the Software and the Proprietary Rights. 
 3.09 Litigation and Disputes. Except as set forth on Schedule 3.09, there are no material claims, actions, suits or proceedings pending or, to the knowledge of Seller, threatened (or, to the
knowledge of Seller, any governmental or regulatory investigation pending or threatened) against the Company or any Assets, properties or rights of the Company, before any court, arbitrator or administrative, governmental or regulatory authority or
body, domestic or foreign. None of the Company or any of its Assets, properties or rights is subject to any outstanding injunction, order, decree, ruling or charge. 
 3.10 Full Disclosure. Seller does not have any knowledge of any specific events, transactions or other facts (other than general economic or industry conditions) which, either individually or in the
aggregate, would give rise to circumstances or conditions that might have a material adverse effect on the Company, Buyer’s ownership of the Company, or Buyer’s use of the Assets of the Company, including, but not limited to, the Software
or the Proprietary Rights. 
 3.11 Accuracy of Information. To Seller’s knowledge, Seller’s statements and the
documents contained in any schedules or other written documents executed and delivered by or on behalf of Seller pursuant to terms of this Agreement are, or will be when delivered, true, correct, and complete in all material respects, and such
schedules and other documents do not omit, or will not omit when delivered, any material fact necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading. No representation or warranty
contained herein or made hereunder contains or will contain any misstatement of a material fact, or omits or will omit to state a material fact required to be stated herein or therein in order to make the statements contained herein or therein, in
light of the circumstances under which they were made, not misleading. The schedules and such other documents will be deemed to constitute representations and warranties of Seller under this Agreement to the same extent as if set forth in this
Agreement. 
  

 - 8 - 

 3.12 Location of Assets. Schedule 3.12 sets forth a complete and correct list
of all locations at which any of the Company’s Assets are situated, together with a description of the Company’s Assets at such location. 
 3.13 Brokerage. No broker, finder or agent has acted directly or indirectly for Seller in connection with this Agreement or with the transactions contemplated hereby. 
 3.14 Bankruptcy. No proceedings, whether voluntary or involuntary, are pending or threatened against Seller or the Company, nor is
Seller or the Company contemplating any such proceedings, under the bankruptcy laws and/or receivership or similar laws of the United States of America or any state. 
 3.15 Satisfactory Relationships. Seller’s and the Company’s relationships with customers, vendors, suppliers, employees, governmental authorities, and others with whom Seller and the
Company have dealings with regard to the Business are satisfactory and have not, when taken as a whole, suffered any material adverse deterioration since September 2, 2008. Seller and the Company each have no knowledge of any proposed or
contemplated termination or other changes in such satisfactory relationships other than project completions in the ordinary course of business. Seller and the Company are not required, in the ordinary course of business, to provide any bonding or
any other financial security arrangements in connection with any transactions with any customers or suppliers. There are no sole source suppliers of goods, equipment or services (other than the services of its employees) used by Seller and the
Company (other than public utilities) with respect to which practical alternative sources of supply are unavailable. 
 3.16
Certificate of Incorporation and Bylaws; Corporate Minutes. True, accurate and complete copies of the Certificate of Incorporation and Bylaws, if any, of the Company, together with all amendments thereto, have been delivered to
Buyer. Seller has furnished to Buyer copies of the corporate record books of the Company and the same are accurate and complete and reflect all resolutions adopted and all actions taken, authorized or ratified by the stockholders and directors of
the Company. 
 3.17 Stock Ownership and Capitalization. 
 (a) The authorized capital stock of the Company will consist of 1,500 Shares of common stock, no par value. As of the Closing Date, 1,500 Shares
will be issued and outstanding, all of which will be validly issued, fully paid and non-assessable, and no Shares will be held in treasury by the Company. Shares of such common stock will be owned of record and beneficially by Seller free and clear
of all liens, claims and encumbrances. All outstanding Shares will have been issued and granted in compliance with (i) all applicable securities laws and other applicable federal, state, local, municipal, foreign or other law, statute,
constitution, principle of common law, resolution, ordinance, code, rule, regulation, ruling or requirement issued, enacted, adopted, or otherwise put into effect by or under the authority of any court, administrative agency, commission,
governmental or regulatory authority, domestic or foreign and (ii) all requirements set forth in applicable contracts, agreements, and instruments. 
  

 - 9 - 

 (b) Except for the Company’s securities owned by Seller free and clear of all Liens, as of
the date of this Agreement, there are no equity securities, partnership interests or similar ownership interests of any class of equity security of the Company, or any security exchangeable or convertible into or exercisable for such equity
securities, partnership interests or similar ownership interests, issued, reserved for issuance or outstanding. There are no subscriptions, options, warrants, equity securities, partnership interests or similar ownership interests, calls, rights
(including preemptive rights), commitments or agreements of any character to which the Company is a party or by which it is bound obligating the Company to issue, deliver or sell, or cause to be issued, delivered or sold, or repurchase, redeem or
otherwise acquire, or cause the repurchase, redemption or acquisition of, any shares of capital stock, partnership interests or similar ownership interests of the Company or obligating the Company to grant, extend, accelerate the vesting of, or
enter into any such subscription, option, warrant, equity security, call, right, commitment or agreement. 
 3.18 No Undisclosed
Liabilities. Except as set forth on Schedule 3.18 hereto, there are no material liabilities of the Company, whether accrued, contingent, absolute, determined, determinable or otherwise, that would be required to be reflected in
financial statements prepared in accordance with GAAP, and to the Company’s or Seller’s Knowledge, there is no existing condition, situation or set of circumstances that could reasonably be expected to result in the occurrence of any such
liability. 
 3.19 Contracts. Except as set forth on Schedule 3.19 attached hereto, the Company is not a party to
or bound by any material lease, agreement, contract or other commitment (collectively, the “Contracts”). Each Contract listed on Schedule 3.19 is a valid and binding obligation of the Company and is in full force and effect. The
Company has performed all material obligations required to be performed by it to date under the Contracts listed on Schedule 3.19. 
 3.20 Real Property. Except as set forth on Schedule 3.20 attached hereto, the Company does not hold any interest in real property, including, but not limited to, any interest as a fee owner or any interest as lessor, lessee,
sublessor, sublessee, assignor, assignee or guarantor or other surety. 
 3.21 Taxes. Except as set forth on Schedule
3.21 attached hereto, there are no taxes on or measured by income or gross receipts or franchise, real and personal property, employment, excise, sales and use or other taxes of any kind properly attributable to the Company for periods up to and
including the Closing, for which Buyer could be held liable which have not been or will not be paid or provided for by Seller. 
 3.22
Benefit Plans. Except as set forth on Schedule 3.22 attached hereto, there are no plans of the Company in effect for pension, profit sharing, deferred compensation, severance pay, bonuses, stock options, stock purchases, or any
other form of retirement or deferred benefit, or for any health, accident or other welfare plan, as to which Buyer will become liable as a result of the transactions contemplated hereby. 
  

 - 10 - 

 3.23 Labor Matters. The individuals set forth on Schedule 3.23 are employees
of the Company. 
 3.24 Environmental Matters. There have been no private or governmental claims, citations, complaints,
notices of violation or letters made, issued to or threatened against the Company by any governmental entity or private or other party for the impairment or diminution of, or damage, injury or other adverse effects to, the environment or public
health. 
 3.25 Compliance with Laws. To Seller’s knowledge, the Company has not engaged and is not engaging in any
activity or practice, and has not omitted and is not omitting to take any action, that violates or contravenes in any material respect any material law, statute, ordinance, or regulation. 
 3.26 Investment Representations and Covenants. 
 (a) Seller understands that the Common Stock which shall comprise the Exchange Price has not been and shall not be registered under the Securities Act of 1933, as amended (the “1933 Act”), or any
state securities laws on the grounds that the issuance of the Common Stock is exempt from registration pursuant to Section 4(2) of the 1933 Act and applicable state securities laws, and that the reliance of Buyer on such exemptions is
predicated in part on Seller’s representations, warranties, covenants and acknowledgments set forth in this Section. Seller acknowledges that: (A) Buyer has made no assurances that a public market will continue to exist, (B) the
Common Stock is a highly speculative investment involving a high degree of risk, (C) he is able, without impairing his financial condition, to hold the Common Stock for an indefinite period of time and suffer the complete loss thereof, and
(D) after one year from the date of Closing, the lock up period on the Common Stock will expire. Additionally, Seller: (A) acknowledges that the Common Stock issued to Seller at the Closing must be held at least one (1) year after the
Closing Date by Seller, and (B) is aware that any routine sales of Common Stock made pursuant to Rule 144 under the 1933 Act may be made only in accordance with the terms and conditions of that rule and that in such cases where the Rule 144 is
not applicable, compliance with some other registration exemption will be required. 
 (b) Seller represents and warrants that:
(A) Seller is an “accredited investor” or “sophisticated investor” as defined under the 1933 Act and state “Blue Sky” laws, or that Seller has utilized, to the extent necessary to be deemed a sophisticated investor
under the 1933 Act and state “Blue Sky” laws, the assistance of a professional advisor, (B) Seller, either alone or together with the assistance of Seller’s own professional advisor, has such knowledge and experience in financial
and business matters such that Seller is capable of evaluating the merits and risks of Seller’s investment in the Common Stock to be acquired by Seller upon Closing, and (C) the Common Stock to be acquired by Seller upon consummation of
the transactions described in this Agreement will be 

  

 - 11 - 

 
acquired by Seller for Seller’s own account, not as a nominee or agent, and without a view to resale or other distribution within the meaning of the
1933 Act and the rules and regulations thereunder, except as contemplated in this Agreement, and that Seller will not distribute any of the Common Stock in violation of the 1933 Act. All shares of the Common Stock shall bear a restrictive legend in
substantially the following form: 
 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF HOLDER’S COUNSEL, IN A CUSTOMARY FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT.” 
 In addition, the Common Stock shall bear any legend required by the securities or the applicable “Blue
Sky” laws, as well as any other legend deemed necessary and appropriate by Buyer or its counsel. 
 3.27 No Other Representation
or Warranty. Neither Seller nor the Company makes any representation or warranty as to any matter whatsoever except as expressly set forth in this Article III and elsewhere in this Agreement. 
 ARTICLE IV 
 REPRESENTATIONS AND
WARRANTIES OF BUYER 
 Buyer hereby represents and warrants to Seller all of the following, each of which is material to and is being
relied upon by Seller. 
 4.01 Organization and Standing. Buyer is a corporation duly organized, validly existing, and in good
standing under the laws of the State of Delaware with full power and authority to own its properties and assets and to conduct its business as now conducted or proposed to be conducted. 
 4.02 Corporate Authority. Buyer has the full right, power, legal capacity, and authority to enter into and perform its obligations under
this Agreement and to consummate the transactions contemplated by this Agreement in accordance with the terms of this Agreement. Neither the execution, delivery, or performance of this Agreement, nor the consummation of the transactions contemplated
by this Agreement will (i) violate, contravene, or conflict with (x) any provision of the Certificate of Incorporation or Bylaws of Buyer, each as amended to date, or (y) any material provision of any constitution, law, statute, rule,
regulation, injunction, judgment, order, decree, 

  

 - 12 - 

 
ruling, charge, or other restriction of any government, government agency, court, or arbitrator to which Buyer is subject, (ii) violate, contravene,
conflict with, constitute a material breach or default (or with notice or lapse of time, or both, constitute a breach or default) under, result in the termination or suspension of, or result in the acceleration of the performance required by, any of
the terms, conditions, or provisions of any material note, bond, mortgage, indenture, license, lease, agreement, commitment, or other instrument or obligation to which Buyer is a party or to which Buyer or any of the properties or assets of Buyer
may be subject, bound, or affected, or (iii) result in the creation or imposition of any Liens upon the common stock or any of the assets of the Company, except as created pursuant to this Agreement. 
 4.03 Corporate Authorization. Buyer has taken all necessary corporate actions to authorize and approve the execution, delivery, and
performance of this Agreement and the transactions contemplated by this Agreement (including approval by the Board of Directors of Buyer). This Agreement constitutes the legal, valid, and binding obligation of Buyer, enforceable against Buyer in
accordance with its terms. 
 4.04 Required Consents. No approval, authorization, or consent of any governmental body or
authority and no approval, authorization, consent, or waiver from any other party to any material note, bond, mortgage, indenture, license, lease, agreement, commitment, or other instrument or obligation to which Buyer is a party or to which Buyer
or any of the respective material properties or assets of Buyer, may be subject, bound, or affected, is required for the lawful consummation by Buyer of the transactions contemplated by this Agreement. 
 4.05 Title to Assets. Buyer has good, valid, complete, and indefeasible title to all of the material assets used in its business as
presently conducted. All such assets are owned by Buyer free and clear of all Liens and not subject to any material leases or licenses. 
 4.06 Proprietary Rights. Buyer’s Proprietary Rights that are material to the operation of its business as presently conducted are in full force and effect in all material respects and there are no Liens, claims,
proceedings, or causes of action which materially affect the validity or enforceability of such Proprietary Rights. 
 4.07 Full
Disclosure. Except as set forth on Schedule 4.07 attached hereto, Buyer does not have any knowledge of, or plans to effect, any specific events, transactions, or other facts (other than general economic or industry conditions) which,
either individually or in the aggregate, would give rise to circumstances or conditions that might have a material adverse effect on Buyer. 
 4.08 Accuracy of Information. To Buyer’s knowledge, Buyer’s statements and the documents contained in any schedules or other written documents executed and/or delivered by or on behalf of Buyer pursuant to the terms
of this Agreement are, or will be when delivered, true, correct, and complete in all respects, and such schedules and other documents do not omit, or will not omit when delivered, any material fact necessary to make the statements contained therein,
in light of the circumstances under which they 

  

 - 13 - 

 
were made, not misleading. No representation or warranty contained herein or made hereunder contains or will contain any misstatement of a material fact, or
omits or will omit to state, a material fact required to be stated herein or therein in order to make the statements contained herein or therein, in light of the circumstances under which they were made, not misleading. The schedules and such other
documents will be deemed to constitute representations and warranties of Buyer under this Agreement to the same extent as if set forth in this Agreement. 
 4.09 Stock Ownership and Capitalization. 
 The authorized capital stock of Buyer
consists of                                  shares of common stock,
         par value. As of the Closing Date,                      shares of common stock are
issued and outstanding, all of which are validly issued, fully paid and non-assessable and no shares of such common stock were held in treasury by Buyer. All outstanding shares of Buyer common stock have been issued and granted in compliance with
(i) all applicable securities laws and other applicable federal, state, local, municipal, foreign or other law, statute, constitution, principle of common law, resolution, ordinance, code, rule, regulation, ruling or requirement issued,
enacted, adopted, or otherwise put into effect by or under the authority of any court, administrative agency, commission, governmental or regulatory authority, domestic or foreign and (ii) all requirements set forth in applicable contracts,
agreements, and instruments. 
 4.10 No Undisclosed Liabilities. Other than those material liabilities of Buyer which
are reflected in Buyer’s filings with the Securities and Exchange Commission (the “SEC”), Buyer does not have any material liabilities, whether accrued, contingent, absolute, determined, determinable or otherwise, and, to Buyer’s
knowledge, there is no existing condition, situation or set of circumstances that could reasonably be expected to result in the occurrence of any such liability. 
 4.11 Authorization of Buyer shares. The Buyer shares, when issued, sold and delivered at Closing (both to Seller and the Escrow Agent), will (i) be duly authorized, validly issued, fully paid
and nonassessable, (ii) not be subject to preemptive rights created by statute, Buyer’s certificate of incorporation or bylaws or any agreement to which Buyer is a party or by which Buyer is bound and (iii) be free of restrictions on
transfer or liens, other than restrictions on transfer under applicable state and federal securities laws or restrictions or liens imposed thereon by the Escrow Agreement. 
 4.12 SEC Documents. Buyer has furnished or filed all reports, schedules, forms, statements and other documents (including exhibits and
other information incorporated therein) required to be furnished or filed by Buyer with the SEC since December 31, 2007. Each such SEC document did not at the time it was filed (or amended or superseded as outlined above) contain any untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. Each of the consolidated
financial statements of Buyer included in such SEC filings complied at the time it was filed (and if amended or superseded as outlined above) as to form in all material respects with applicable accounting requirements and the 

  

 - 14 - 

 
published rules and regulations of the SEC with respect thereto, has been prepared in accordance with GAAP (except, in the case of unaudited statements, as
permitted by Form 10-Q of the SEC or otherwise by applicable law) applied on a consistent basis during the periods involved (except, in the case of unaudited statements, as permitted by the rules and regulations of the SEC or otherwise by applicable
law) the consolidated financial position of Buyer and its consolidated subsidiaries as of the date thereof and the consolidated results of operations and cash flows for the periods shown (subject, in the case of unaudited statements, to normal
year-end audit adjustments). 
 ARTICLE V 
 EMPLOYMENT CONTRACTS 
 5.01 Thomas Eli Conger II shall enter into an Employment Contract in
the form as set forth in Exhibit 5.01(a). Don Abraham, Andy Hines and Chris Carbone shall each enter into an Employment Contract in the form as set forth in Exhibit 5.01(b). 
 ARTICLE VI 
 COVENANTS OF SELLER 
 Seller covenants to Buyer as follows: 
 6.01 Cooperation. From the date of this Agreement through the Closing Date or earlier termination of this Agreement, Seller, the Company, its officers, directors, stockholders, employees, accountants, attorneys, and agents
will cooperate fully with Buyer to facilitate the consummation of the transactions contemplated by this Agreement. 
 6.02 Interim
Operations. From the date of this Agreement through the Closing Date or earlier termination of this Agreement, Seller and the Company will not (i) sell, license, contract, commit, or otherwise encumber any of the Assets or the
Shares or (ii) directly or indirectly through representatives, approach, engage in discussions with, provide information to, or enter into a transaction with another party concerning the Assets or the Shares. 
 6.03 Required Consents. Seller and the Company will use its commercially reasonable efforts to obtain all Required Consents prior to
Closing. 
 6.04 LLC Subsidiary. Seller will cause Social Technologies, LLC to become a subsidiary of the Company prior
to Closing. 
 ARTICLE VII 
 COVENANTS OF BUYER 
 Buyer covenants to Seller as follows: 
 7.01 Cooperation. From the date of this Agreement through the Closing Date or earlier termination of this Agreement, Buyer, its officers,
directors, stockholders, employees, accountants, attorneys, and agents will cooperate fully with Seller and the Company to facilitate the consummation of the transactions contemplated by this Agreement. 
  

 - 15 - 

 7.02 Interim Operations. From the date of this Agreement through the Closing Date or
earlier termination of this Agreement, Buyer will not (i) sell, license, contract, commit, or otherwise encumber any of its assets or shares or (ii) directly or indirectly through representatives, approach, engage in discussions with,
provide information to, or enter into a transaction with another party concerning its assets or shares. 
 7.03 Required
Consents. Buyer will use its commercially reasonable efforts to obtain all Required Consents prior to Closing. 
 7.04
Continued Operations. Buyer will continue to operate the Business in a manner consistent with past practices in all material respects under the direction and leadership of Seller’s existing officers for at least three years
after the Closing Date and will not impose limitations, divert resources or otherwise impede the Business in a manner that would frustrate the ability of the Company’s employees to satisfy the requirements of Section 2.02 for the release
of the Escrowed Shares. 
 7.05 Continuation of Employee Benefit Plans. Buyer assumes responsibility for providing employee
benefits on and after the Closing Date. Buyer agrees to maintain or to cause the Company to maintain until at least the one-year anniversary of the Closing Date all employee benefit plans and benefits on a basis no less favorable to employees of the
Company than the plans and benefits identified on Schedule 3.22, unless Seller, as Managing Director of the Social Technologies Division of Buyer, approves less. Employees of the Company who continue employment with Buyer after the Closing
Date shall be given credit for past service with the Company for purposes of participation and vesting under any Buyer pension, 401(k), welfare or related plan and benefit accrual purposes under any welfare plan offered by Buyer to such employees,
including, without limitation, any vacation and paid time off policy (with up to a maximum of thirty-six (36) days for such vacation and paid time off). Buyer agrees to provide stock option awards to employees of the Company in a manner
consistent with the Buyer’s policies for granting stock option awards to its employees. 
 7.06 Tax Treatment. Buyer
acknowledges that both Buyer and Seller intend that the Share Exchange be treated as a tax-free reorganization under Section 368(a)(1)(B) of the Internal Revenue Code and Buyer agrees to (1) file all tax returns in a manner consistent
therewith, (2) not to take any position contrary to such treatment in any tax return or other filing with any federal, state, or local taxing authority, and (3) not to take any action inconsistent with such treatment that would have the
effect of disqualifying the Share Exchange as a tax-free reorganization. 
  

 - 16 - 

 ARTICLE VIII 
 MUTUAL COVENANTS OF SELLER AND BUYER 
 Seller and Buyer covenant with each other as follows:

 8.01 Cooperation. From the date of this Agreement through the Closing Date or earlier termination of this Agreement, Seller
and each of Buyer’s and Company’s officers, directors, stockholders, employees, accountants, attorneys, and agents will cooperate fully with one another to facilitate the consummation of the transactions contemplated by this Agreement.

 8.02 Confidentiality. Seller and Buyer covenant with each other that all information concerning the financial terms of this
Agreement shall be kept confidential by each party, its attorneys, accountants, and representatives. All information furnished by any party in connection with this Agreement or the transactions contemplated by this Agreement shall be kept
confidential by each of the other parties, and shall be used by it and its officers, attorneys, accountants, and representatives only in connection with this Agreement and the transactions contemplated by this Agreement, except to the extent that
such information (i) already is known to such other party when received, (ii) thereafter becomes lawfully obtainable from other sources, (iii) is required to be disclosed in any document filed with the SEC or any other agency of any
government, or (iv) is otherwise required to be disclosed pursuant to any federal, state, county, municipal, or local law, rule, or regulation or by any applicable judgment, order, or decree of any court or by any governmental body or agency
having jurisdiction in the premises after such other party has given reasonable prior written notice to the other parties to this Agreement of the pending disclosure of any such information. In the event that the transactions contemplated by this
Agreement shall fail to be consummated, each party shall promptly cause all copies of documents or extracts of such documents containing information and data as to another party hereto to be returned to such other party. 
 8.03 Disclosure. Prior to the Closing Date, no party to this Agreement will issue any press release or make any other public or
private disclosures (other than to its attorneys, accountants, and representatives) concerning this transaction or the contents of this Agreement without the prior consent of the other party. The content of any such release or disclosure shall be
mutually agreed upon among the parties. Following the Closing Date, neither any party nor any stockholder of any party shall issue any press release or make any other disclosure concerning this transaction or the contents of this Agreement without
the prior written consent of the other party. 
 8.04 Miscellaneous Agreements. Subject to the terms and conditions of this
Agreement, each party shall use its commercially reasonable efforts to take, or cause to be taken, all action, and to do, or cause to be done, all things necessary, appropriate, or desirable under applicable laws and regulations to consummate and
make effective the transactions contemplated by this Agreement. After the Closing Date, if Buyer considers or is advised that any further assignment, conveyance or other documents are necessary or desirable to vest, perfect, confirm or record in the
Company title to any of the Assets or to aid in the prosecution, defense or enforcement of any rights arising from the transfer of the Shares to Buyer, the Company shall cause its authorized officer to execute and deliver promptly to Buyer any and
all assignments, powers of attorney or other documents and do all things requested by Buyer to vest, perfect or confirm title to the Assets in the Company and title to the Shares in Buyer or to convey such other rights as provided herein or to
otherwise carry out the intent of this Agreement. 
  

 - 17 - 

 8.05 Employees. The Company shall not make any commitments to any of its employees
with respect to the continued employment of such employees by Buyer after the Closing Date. Except as set forth in Sections 5.01 and 7.05, Buyer does not by this Agreement or the transactions contemplated herein, make any commitment or
extend any offer to hire any employees of Seller. Buyer may, in its sole discretion, engage the services of Seller’s current or former employees, consultants or agents; provided, however, that if any of the Company’s
professional staff is not retained or is terminated without cause and contrary to the recommendation of the Company’s current President, all of the Escrowed Shares shall be released to Seller notwithstanding anything to the contrary in
Section 2.02. 
 8.06 Access. Seller understands that no aspect of the transactions contemplated in this
Agreement has been, prior to the date of this Agreement, or will be, prior to the Closing Date, registered with or reviewed by the SEC under the 1933 Act, or with or by any state securities law administrator, and no federal or state securities law
administrator has approved any disclosure or other material concerning Buyer or the Common Stock, or made any recommendation with respect thereto. Seller has sufficient knowledge and experience in business and financial matters that he is capable of
evaluating the merits and risks of the transactions contemplated herein, and Seller has investigated and will continue to investigate the merits and risks of such transactions under the provisions of this Agreement. Seller has been provided with the
Annual Report on Form 10-K of Buyer for the fiscal year ended December 31, 2007, the Proxy Statement relating to the 2008 Annual Stockholders Meeting, and the subsequent reports filed by Buyer with the SEC pursuant to the requirements of the
Securities Exchange Act of 1934, as amended (the “1934 Act”), and has had the opportunity to ask questions of, and receive answers from, members of the management of Buyer. Seller has and will continue to avail himself of his right to ask
questions of the management of Buyer relating to Buyer, the Common Stock and related matters, and his right to obtain additional information necessary to verify the accuracy of information provided to him and to continue to evaluate the merits and
risks of the transactions contemplated by this Agreement. 
 8.07 The Closing. The closing (the “Closing”) of the
transactions contemplated by this Agreement will take place at such place mutually agreeable to Buyer and Seller, on or before November 1, 2008 (the “Closing Date”), or such other time and place as Buyer and Seller may agree in
writing. The obligations of the parties to close or effect the transactions contemplated by this Agreement will be subject to the satisfaction, unless duly waived, of the applicable conditions set forth in this Agreement. The parties shall have the
right to conduct the Closing by the exchange through facsimile, electronic mail and overnight courier of executed documents. 
 8.08
Closing and Other Costs. The Company shall pay the following Closing and other costs: (a) preparation of all assignments and other instruments of conveyance, assignment and transfer necessary to consummate the transactions
herein; (b) the cost of discharging any monetary liens; and (c) the cost of all assessments, transfer taxes, stamp taxes and conveyance fees. Each party shall pay its own legal and related expenses. 
  

 - 18 - 

 8.09 Tax Returns. All tax returns of the Company for all tax periods ending on or before
the Closing Date, but due after the Closing Date, shall be prepared and filed by Seller. All taxes payable with respect to such tax returns shall be the responsibility of Seller and all refunds of taxes of Seller or the Company relating to tax
periods ending on before the Closing Date shall be the property of Seller. Buyer shall provide Seller with such cooperation and information as Seller reasonably may request in connection with the filing of any such tax returns or claims for refunds
of taxes. 
 ARTICLE IX 
 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SELLER AND BUYER 
 The respective obligations of each party to effect the
transactions contemplated by this Agreement will be subject to the fulfillment or waiver at or prior to the Closing Date of the following conditions: 
 9.01 Litigation. The Company, Seller and Buyer shall not be subject to any order, decree, or injunction of a court or agency of competent jurisdiction that enjoins or prohibits the consummation of the
transactions contemplated by this Agreement. 
 9.02 Required Consents. Seller and the Company shall have obtained all of the
Required Consents and shall have delivered to Buyer a written copy of each Required Consent prior to or at the Closing. 
 ARTICLE X 

 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF SELLER 
 The obligations of Seller to effect the transactions contemplated in this Agreement will be subject to fulfillment at or prior to the Closing Date of the following conditions: 
 10.01 Representations and Warranties. The representations and warranties of Buyer set forth in Article IV of this Agreement shall be
true and correct in all material respects as of the date of this Agreement and as of the Closing Date (as though made on and as of the Closing Date) except (i) to the extent such representations and warranties are by their expressed provisions
made as of a specified date and (ii) for the effect of transactions contemplated by this Agreement. 
 10.02 Performance of
Obligations. Buyer shall have performed in all material respects all obligations required to be performed by it under this Agreement at or prior to the Closing Date. 
 10.03 Officer’s Certificate. Buyer shall have furnished to Seller a certificate dated the Closing Date, signed on behalf of Buyer by
its Chief Executive Officer to the effect that, to his knowledge and belief, the conditions set forth in Sections 10.01 and 10.02 have been satisfied. 
  

 - 19 - 

 10.04 Material Adverse Change. There shall not have been any material adverse change
in the condition of Buyer since the execution and delivery of this Agreement by Seller. 
 10.05 Documents. Seller shall have
received, in form and substance satisfactory to it, the documents specified in Article XIII of this Agreement and the authorization set forth in Section 3.03. 
 ARTICLE XI 
 CONDITIONS PRECEDENT TO THE OBLIGATIONS OF BUYER 

The obligations of Buyer to effect the transactions contemplated in this Agreement will be subject to fulfillment at or prior to the Closing Date of
the following conditions: 
 11.01 Representations and Warranties. The representations and warranties of Seller set forth in
Article III of this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of the Closing Date (as though made on and as of the Closing Date) except (i) to the extent such representations and
warranties are by their expressed provisions made as of a specified date and (ii) for the effect of transactions contemplated by this Agreement. 
 11.02 Performance of Obligations. Seller and the Company shall have performed in all material respects all obligations required to be performed by them under this Agreement at or prior to the Closing
Date and Buyer shall have received a fairness opinion supporting the valuation of the acquisition. 
 11.03 Officer’s
Certificate. The Company shall have furnished to Buyer a certificate dated the Closing Date, signed on behalf of the Company by its President to the effect that, to his knowledge and belief, the conditions set forth in Sections 11.01
and 11.02 have been satisfied. 
 11.04 Material Adverse Change. There shall not have been any material adverse
change in the condition of the Company since the execution and delivery of this Agreement by Buyer. 
 11.05 Documents. Buyer
shall have received, in form and substance satisfactory to it, the documents specified in Article XII of this Agreement and the authorization set forth in Section 4.03. 
 ARTICLE XII 
 DOCUMENTS TO BE DELIVERED AT THE CLOSING BY SELLER

 Seller will deliver to Buyer the following documents at the Closing: 
 12.01 Required Consents. All Required Consents. 
  

 - 20 - 

 12.02 Officer’s Certificate. The certificate referred to in Section 11.03
of this Agreement. 
 12.03 Certificate of Secretarial Officer. The certificate of the Secretary of the Company, dated the
Closing Date, with respect to the incumbency of the Company’s officers and their signatures, and good standing, and the resolutions of the Company’s board of directors and stockholder, as applicable, authorizing the execution, delivery and
performance of this Agreement and all other agreements, documents and instruments relating hereto and the consummation of the transactions contemplated in this Agreement, which certification shall recite that such resolutions have not been
subsequently amended, modified or rescinded and are in full force and effect. 
 12.04 Company Documents; Books and
Records. (a) The certificate of incorporation or charter of the Company, as amended, certified as of a recent date by the Secretary of State of Delaware and a copy of the bylaws of the Company, as amended, certified as of the
Closing Date by the Secretary of the Company; (b) a certificate of status, good standing or existence with respect to the Company from the Secretary of State of the State of Delaware, dated as of a recent date; and (c) the Company’s
stock books, ledgers, minute books, and corporate seal, and copies of all books and records relating to the Assets, including, but not limited to, purchasing and sales records, engineering records, accounting records, computer programs, customer and
vendor lists and records, and such other records as Buyer may reasonably require in its use of the Assets subsequent to the Closing. 
 12.05 Share Certificate; Stock Power. The share certificate evidencing the ownership of all of the Shares, duly endorsed or accompanied by the executed stock power conveying to Buyer all right, title and interest in and
to the shares being sold hereunder. 
 12.06 Escrow and Lock-up Agreement. At the Closing, Seller shall execute and
deliver to Buyer and the Escrow Agent, the Escrow and Lock-up Agreement in the form attached hereto as Exhibit 12.06 (the “Escrow Agreement”). 
 12.07 Resignations. The written resignations of all directors of the Company. 
 12.08 Other Documents. Such other documents as are reasonably requested by Buyer and its counsel or required to be delivered pursuant to this Agreement. 
 ARTICLE XIII 
 DOCUMENTS TO BE DELIVERED AT THE CLOSING BY BUYER

 Buyer will deliver to Seller the following documents at the Closing: 
 13.01 Officer’s Certificate. The certificate referred to in Section 10.03 of this Agreement. 
 13.02 Certificate of Secretarial Officer. The certificate of the Secretary of Buyer, dated the Closing Date, with respect to the incumbency
of corporate officers and 

  

 - 21 - 

 
their signatures, corporate good standing, and the resolutions of Buyer’s board of directors authorizing the execution, delivery and performance of this
Agreement and all other agreements, documents and instruments relating hereto and the consummation of the transactions contemplated by this Agreement. 
 13.03 Payment. Buyer shall deliver the Exchange Price to Seller and the Escrow Agent as provided in Section 2.01. 
 13.04 Escrow and Lock-up Agreement. At the Closing, Buyer shall execute and deliver to Seller and the Escrow Agent the Escrow
Agreement. 
 13.05 Other Documents. Such other documents as are reasonably requested by Seller and its counsel or required to
be delivered pursuant to this Agreement. 
 ARTICLE XIV 
 TERMINATION AND ABANDONMENT 
 14.01 Events of Termination Prior to Closing. This
Agreement may be terminated, at any time before the Closing: (i) by mutual consent of Seller and Buyer; (ii) by Seller if any of the conditions precedent found in Articles IX or X of this Agreement have not been met and have
not been waived in writing by Seller by Closing; (iii) by Buyer if any of the conditions precedent found in Articles IX or XI of this Agreement have not been met and have not been waived in writing by Buyer by Closing;
(iv) by Seller if there is a breach of or failure by Buyer to perform in any material respect any of the representations, warranties, commitments, covenants, or conditions under this Agreement, which breach or failure is not cured within
fifteen (15) days after written notice thereof is given to Buyer; and (v) by Buyer if there is a breach of or failure by Seller to perform in any material respect any of the representations, warranties, commitments, covenants, or
conditions under this Agreement, which breach or failure is not cured within fifteen (15) days after written notice thereof is given to Seller. In the event of the termination of this Agreement by either party as above provided in this
Section 14.01, written notice will forthwith be given to the other party, which notice will clearly specify the reason of such party for terminating this Agreement. 
 14.02 Survival. The provisions in Sections 8.02, 14.02, and 16.03 of this Agreement will survive the termination of
this Agreement pursuant to Section 14.01. 
 ARTICLE XV 
 INDEMNIFICATION 
 15.01 Survival. All representations, warranties,
covenants, and agreements of each of the parties set forth in this Agreement or in any other document or instrument delivered by any of the parties pursuant to this Agreement will survive the Closing and will remain operative and in full force and
effect during the one-year period following the Closing Date, regardless of any investigations at any time made by or on behalf of any party and will not be deemed merged in any document or instrument executed or delivered at or after the Closing.
No indemnifying party will have liability with respect to any claim under Sections 15.02 or 15.03 unless the indemnified party notifies the 

  

 - 22 - 

 
indemnifying party of such claim on or before the first anniversary of the Closing Date; provided, however, that any claim related to
fraudulent breaches of the representations and warranties may be made at any time without limitation. 
 15.02 Indemnification by
Seller. From and after the Closing, Seller will indemnify, defend, and hold harmless Buyer from, against, and with respect to any claim, liability, obligation, loss, damage, assessment, judgment, cost, and expense (including, without
limitation, reasonable attorneys’ and accountants’ fees and costs and expenses reasonably incurred in investigating, preparing, defending against, or prosecuting any litigation or claim, action, suit, proceeding, or demand) (collectively,
the “Loss”), of any kind or character arising out of or in any manner incident, relating, or attributable to, (i) subject to Section 16.10, the inaccuracy of any representation or breach of any warranty of Seller contained
in this Agreement or in any certificate, instrument, or other document or agreement executed by Seller in connection with this Agreement or otherwise made or given in writing in connection with this Agreement, (ii) any failure by Seller to
perform or observe any covenant, agreement, or condition to be performed or observed by it under this Agreement or under any certificate, instrument, or other document or agreement executed by it in connection with this Agreement, (iii) claims
relating to the enforcement of Buyer’s rights under this Agreement, and (iv) any liabilities, obligations, debts, contracts, or other commitments of any kind or nature whatsoever, whether known or unknown and whether accrued, fixed,
absolute, conditional, determined, determinable, or otherwise, of Seller existing on the Closing Date or arising out of, or resulting from, any transaction entered into, or any state of facts existing, prior to or at the Closing Date which are
imposed on Buyer (and after Closing, the Company) as result of this Transaction; provided, however, that cancellation of the Escrowed Shares shall be the sole source of payment of any indemnified Loss and the aggregate amount of all
such indemnified Losses shall not exceed 10% of the Exchange Price. 
 15.03 Indemnification by Buyer. From and after the
Closing, Buyer will indemnify, defend, and hold harmless Seller from, against, and with respect to any Loss of any kind or character arising out of or in any manner incident, relating, or attributable to (i) the inaccuracy of any representation
or breach of any warranty of Buyer contained in this Agreement or in any certificate, instrument, or other document or agreement executed by Buyer in connection with this Agreement or otherwise made or given in writing in connection with this
Agreement, (ii) any failure by Buyer to perform or observe any covenant, agreement, or condition to be performed or observed by it under this Agreement or under any certificate, instrument, or other document or agreement executed by it in
connection with this Agreement, and (iii) claims relating to the enforcement of Seller’s rights under this Agreement. 
 15.04
Indemnification Limitations. The rights of Buyer to indemnification under Section 15.02 of this Agreement shall be subject to the limitation that Buyer shall not be entitled to indemnification with respect to a claim or claims
against the Seller until the aggregate of Losses with respect to all such claims exceeds $150,000, in which event the indemnity provided for in Section 15.02 shall be effective with respect to the amount of such damages in excess of $150,000.
This limitation shall not apply to the indemnification liabilities with respect to claims based on fraud, intentional misrepresentation, or criminal acts. 
  

 - 23 - 

 ARTICLE XVI 
 MISCELLANEOUS 
 16.01 Arbitration Procedure. Except for remedies for injunctive
relief as provided in Section 16.02, all disputes arising under this Agreement shall be submitted to and settled by arbitration. Arbitration shall be by one (1) arbitrator selected in accordance with the rules of the American
Arbitration Association (“AAA”). The hearing before the arbitrator shall be held in Hillsborough County, Florida and shall be conducted in accordance with the rules existing at the date thereof of the AAA, to the extent not inconsistent
with this Agreement. The decision of the arbitrator shall be final and binding as to any matters submitted to them under this Agreement. All costs and expense incurred in connection with any such arbitration proceeding and those incurred in any
civil action to enforce the same shall be borne by the party against which the decision is rendered. 
 16.02 Injunctive
Relief. The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that Buyer and Seller shall be entitled to seek an injunction or injunctions to prevent breaches of this Agreement in the U.S. District Court for the Middle District of Florida and the Circuit Courts in and for Hillsborough County, Florida, this
being in addition to any other remedy, subject to Section 16.01, to which they are entitled at law or in equity. 
 16.03
Expenses. Except as otherwise expressly provided in this Agreement, Buyer and the Company will bear their own respective expenses, including, without limitation, counsel and accountants’ fees, in connection with the preparation and
negotiation of, and transactions contemplated under, this Agreement. 
 16.04 Notices. Any notice or other communication which
is required or permitted under this Agreement shall be in writing and shall be deemed to have been given, delivered, or made, as the case may be (notwithstanding lack of actual receipt by the addressee) (i) on the date sent if delivered
personally or by cable, telecopy, telegram, e-mail, telex, or facsimile (which is confirmed) or (ii) three (3) business days after having been deposited in the United States mail, certified or registered, return receipt requested,
sufficient postage affixed and prepaid, or (iii) one (1) business day after having been deposited with a nationally recognized overnight courier service (such as by way of example, but not limitation, U.S. Express Mail, Federal Express, or
Airborne), to the parties at the following addresses (or at such other address for a party as shall be specified by like notice): 
  

					
	If to Seller or Company:	 		 	Thomas Eli Conger II
		 		 	Social Technologies Group, Inc.
		 		 	1776 Massachusetts Avenue, N.W.
		 		 	Suite 815
		 		 	Washington, D.C. 20036-1907
		 		 	Telephone: (202) 223-2801
		 		 	Fax: (202) 223-2802

  

 - 24 - 

					
	with a copy to:	 		 	Squire, Sanders & Dempsey, L.L.P.
		 		 	8000 Towers Crescent Drive, 14th Floor
		 		 	Vienna, Virginia 22182-2700
		 		 	Attn: Abby E. Brown, Esq.
		 		 	Telephone: (703) 720-7894
		 		 	Fax: (703) 720-7801
			
	If to Buyer:	 		 	UTEK Corporation
		 		 	2109 East Palm Ave
		 		 	Tampa, Florida 33605
		 		 	Attn: Sam I. Reiber, Esq.
		 		 	Telephone: (813) 754-4330
		 		 	Fax: (813) 754-2383
			
	with a copy to:	 		 	Shumaker, Loop & Kendrick, LLP
		 		 	Bank of America Plaza
		 		 	101 East Kennedy Boulevard
		 		 	Suite 2800
		 		 	Tampa, Florida
		 		 	Attn: Gregory C. Yadley
		 		 	Facsimile: (813) 229-1660

 16.05 Applicable Law. This Agreement shall be governed in its construction,
interpretation, and performance by the laws of the State of Florida, without reference to law pertaining to conflict of laws. In the event of any litigation or arbitration arising out of or relating to this Agreement, the prevailing party shall be
entitled to recover all costs and reasonable attorneys’ fees incurred, including, without limitation, costs and fees incurred in any investigations, trials, bankruptcies, and appeals. 
 16.06 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original
instrument, but all such counterparts together shall constitute one and the same instrument. 
 16.07 Assignment. This
Agreement shall not be assignable by any party without the prior written consent of the other parties hereto; provided, however, that the rights and obligations of Buyer under this Agreement (i) shall pass to any successor
corporation which assumes its business and affairs by merger, consolidation or by acquisition of substantially all its assets or substantially all its stock, subject to Section 2.02(v), and (ii) may be assigned to any affiliate of Buyer,
without any such prior written consent by any other party hereto. 
 16.08 Binding Effect. This Agreement shall be binding upon
and inure to the benefit of the corporate parties to this Agreement and their respective legal representatives, successors, and permitted assigns, and the individual parties to this Agreement and their respective heirs, personal representatives, and
permitted assigns. 
  

 - 25 - 

 16.09 Construction. This Agreement shall not be construed more strictly against any party
regardless of who is responsible for its drafting. Unless the context of this Agreement otherwise clearly requires, references to the plural include the singular and the singular include the plural. Wherever the context so requires, the masculine
shall refer to the feminine, the feminine shall refer to the masculine, the masculine or the feminine shall refer to the neuter, and the neuter shall refer to the masculine or the feminine. The captions of this Agreement are for convenience and ease
of reference only and in no way define, describe, extend, or limit the scope or intent of this Agreement or the intent of any of its provisions. 
 16.10 Knowledge Limitation. Wherever any representation, warranty, or other statement made in this Agreement is qualified as to the knowledge of Seller or the Company, such qualification shall mean the actual knowledge of
Seller. Wherever any representation, warranty, or other statement made in this Agreement is qualified as to the knowledge of Buyer, such qualification shall mean the actual knowledge of Carole Wright. 
 16.11 Severability. The invalidity or unenforceability of any provision of this Agreement, whether in whole or in part, shall not in any
way affect the validity and/or enforceability of any other provision of this Agreement. Any invalid or unenforceable provisions shall be deemed severable to the extent of any such invalidity or unenforceability. 
 16.12 Waiver. Any party may, by written notice to another party, (i) agree to extend the time for the performance of any of the
obligations or other actions of the other party under this Agreement, (ii) waive any inaccuracies in the representations or warranties of the other party contained in this Agreement or in any document delivered pursuant to this Agreement,
(iii) waive compliance with any of the conditions or covenants of the other party contained in this Agreement, or (iv) waive or modify performance of any of the obligations of the other party under this Agreement. Except as provided in the
preceding sentence, no action taken pursuant to this Agreement, including, without limitation, any investigation by or on behalf of a party, shall be deemed to constitute a waiver by such party of compliance with any of the representations,
warranties, covenants, conditions, or agreements contained in this Agreement. No failure or delay on the part of a party in exercising any right or remedy with respect to a breach of this Agreement by another party shall operate as a waiver thereof
or of any prior or subsequent breach of this Agreement by the breaching party, nor shall the exercise of any such right or remedy preclude any other or future exercise thereof or exercise of any other right or remedy in connection with this
Agreement. 
 16.13 Entire Agreement. This Agreement, including the Schedules and Exhibits hereto, constitutes the entire
agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings between the parties. There are no representations, warranties, undertakings or agreements between the parties with respect
to the subject matter of this Agreement except as set forth herein. 
 {Signature page follows} 
  

 - 26 - 

 IN WITNESS WHEREOF, Seller, Buyer and the Company have caused this Agreement to be executed by
their duly authorized representatives as of the day and year first above written. 
  

			
	“BUYER”
	
	UTEK CORPORATION
		
	By:	 	 /S/ Clifford M. Gross

		 	Clifford M. Gross, Ph.D., Chief Executive Officer
	
	“SELLER”
	
	THOMAS ELI CONGER II
	
	 /S/ Thomas Eli Conger II

	
	“COMPANY”
	
	SOCIAL TECHNOLOGIES GROUP, INC.
		
	By:	 	 /S/ Thomas Eli Conger II

		 	Thomas Eli Conger II

  

 - 27 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]