Document:

EXHIBIT 10.1

 

 

AMENDMENT TO EMPLOYMENT AGREEMENT

 

AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”), dated
as of February 8, 2018 (the “Effective Date”), between Varonis Systems, Inc., a Delaware corporation (the “Company”),
and Guy Melamed (“Executive”).

 

WHEREAS, the Company is party to an employment agreement with Executive,
dated as of February 7, 2017 (the “Agreement”), which set forth Executive’s position, services, duties and base
salary effective as of April 1, 2017;

 

WHEREAS, the Company desires to appoint Executive as its Chief Operating
Officer in addition to his current position as Chief Financial Officer of the Company, and Executive desires to serve and to fulfill
his duties to the Company in such capacity;

 

WHEREAS, the Company and Executive wish to amend the Agreement as
set forth herein, effective as of the Effective Date;

 

NOW THEREFORE, in consideration of the mutual covenants herein contained,
Executive’s employment by the Company, the compensation to be paid Executive while employed by the Company, and other good
and valuable consideration, the receipt and sufficiency of which is acknowledged, the Company and Executive hereby agree as follows:

 

		1.	Effective as of the Effective Date, the first sentence of Section 1 of the Agreement (“Services and Duties”) is
amended in its entirety to read as follows:

 

“Executive shall serve as Chief Operating Officer and Chief Financial
Officer of the Company and in such positions shall have the duties, responsibilities and authority commensurate with the status
of an individual holding such positions in a company similarly situated to the Company and shall render services consistent with
such positions.”

 

		2.	Effective as of January 1, 2018, Section 3(a) of the Agreement (“Base Salary”) is hereby amended by removing the
term “$300,000” and replacing it with the term “$400,000.”

 

		3.	Effective as of January 1, 2018, Section 3(b) of the Agreement (“Annual Bonus”) is hereby amended by removing the
term “$100,000” and replacing it with the term “$250,000.”

 

		4.	Except as set forth herein, the Agreement shall continue in full force and effect in accordance with its terms.

 

		5.	This Amendment may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures
of more than one party, but all of which counterparts taken together will constitute one and the same agreement.

 

    

    

    

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment
as of the date and year first above written.

 

	 	 	VARONIS SYSTEMS, INC.
	 	 	 
	 	 	By: 	/s/ Yakov Faitelson
	 	 	 	Name: Yakov Faitelson
	 	 	 	Title:Chief Executive Officer and President
	 	 	 
	 	 	 
	 	 	EXECUTIVE
	 	 	 
	 	 	By: 	/s/ Guy Melamed
	 	 	 	Guy MelamedStockholders
Agreement

This Stockholders Agreement (this “Agreement”),
dated as of February 9, 2018, is entered into by EnviroStar, Inc., a Delaware corporation (the “Company”), Zuf
Acquisitions I LLC d/b/a/ AAdvantage Laundry Systems (“AAdvantage Laundry”), Michael Zuffinetti, Ryan C. Smith,
and Zuf Management LLC (collectively, with AAdvantage Laundry, the “Zuf Sellers”), and Sky-Rent LP, a Texas
limited partnership (“Sky-Rent”), Sky-Rent Management LLC, a Texas limited liability company, Michael Zuffinetti
and Teri Zuffinetti (collectively, with Sky-Rent, the “Sky-Rent Sellers”, and collectively with Zuf and the
Zuf Sellers, the “Sellers”). The Sellers and the Company are sometimes hereinafter referred to individually
as a “Party” and collectively as the “Parties.”

RECITALS

WHEREAS, the Zuf Sellers own 100% of
the issued and outstanding membership interests of AAdvantage Laundry;

WHEREAS, the Sky-Rent Sellers own 100%
of the issued and outstanding partnership interests of Sky-Rent;

WHEREAS, the Company and AAdvantage
Laundry Systems, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (the “Buyer”), on
the one hand, and AAdvantage Laundry and the Zuf Sellers, on the other hand, have entered into that certain Asset Purchase Agreement,
dated as of December 8, 2017 (the “Zuf Asset Purchase Agreement”) pursuant to which, among other things, AAdvantage
Laundry agreed to sell to the Buyer all of the assets (other than any Excluded Assets (as defined in the Asset Purchase Agreement))
of AAdvantage Laundry for an aggregate purchase price of $11.0 million, subject to adjustment as set forth therein, of which $5.5
million was paid in cash and $5.5 million was paid in shares of Common Stock, par value $0.025 per share (“Company Common
Stock”), of the Company;

WHEREAS, the Company and the Buyer,
on the one hand, and Sky-Rent and the Sky-Rent Sellers, on the other hand, have entered into that certain Asset Purchase Agreement,
dated as of December 8, 2017 (the “Sky-Rent Asset Purchase Agreement”) pursuant to which, among other things,
Sky-Rent agreed to sell to the Buyer all of the assets (other than any Excluded Assets (as defined in the Asset Purchase Agreement))
of Sky-Rent for an aggregate purchase price of $6.0 million, subject to adjustment as set forth therein, of which $3.0 million
was paid in cash and $3.0 million was paid in shares of Company Common Stock; and

 

     

     

    

WHEREAS, in connection with their entry
into the Zuf Asset Purchase Agreement and the Sky-Rent Asset Purchase Agreement and the consummation of the transactions contemplated
thereby, the Company and the Sellers agreed to enter into this Agreement, which sets forth certain terms and conditions relating
to, among other things, the ownership, transfer and voting of the shares of the Company Common Stock.

NOW, THEREFORE, in consideration of the
mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

Article
I

Voting

Section
1.01        Sellers Covenants to Vote. 

(a)               
During the term of this Agreement, the Sellers, severally and not jointly, hereby agree to vote or cause to be voted, or
consent or cause to be consented, with respect to all matters submitted to a vote or consent, as the case may be, of the Company’s
stockholders at any time during the term of this Agreement, whether the matter is brought before any meeting of the stockholders
of the Company however called, proposed to be taken by written consent of the stockholders of the Company or otherwise, all of
the shares of Company Common Stock owned or held by the Sellers, directly or indirectly (the “Seller Shares”),
in accordance with the recommendations or directions of the Company’s Board of Directors (the “Company Board”).
For the avoidance of doubt, the term “Seller Shares” shall include all shares of the Company Common Stock owned
or held by the Sellers, directly or indirectly, as of the date hereof (after giving effect to the purchase and sale transaction
contemplated by the Zuf Asset Purchase Agreement and the Sky-Rent Asset Purchase Agreement) and all shares subsequently acquired
by the Sellers by any means, including, without limitation, upon exercise of any stock option, warrant or similar purchase right.

(b)              
In furtherance of the voting agreement of the Sellers contained in Section 1.01(a), the Sellers hereby constitute
and appoint as the proxy of the Sellers, and hereby grant a power of attorney to, the Company and its designees, with full power
of substitution, with respect to all matters submitted to a vote or consent of the Company’s stockholders as contemplated
by Section 1.01(a). The proxy and power of attorney granted pursuant to the immediately preceding sentence is given in consideration
of the agreements and covenants of the parties in connection with the transactions contemplated by the Zuf Asset Purchase Agreement
and the Sky-Rent Asset Purchase Agreement and this Agreement, including the agreements to vote set forth in this Article I,
and, as such, each is coupled with an interest and shall be irrevocable unless and until this Agreement terminates pursuant to
Article IV.

(c)               
The Sellers hereby revoke any and all previous proxies or powers of attorney with respect to the Seller Shares and shall
not hereafter, unless and until this 

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Agreement terminates pursuant to Article IV, purport to grant any other proxy or power
of attorney with respect to any of the Seller Shares, deposit any of the Seller Shares into a voting trust or enter into any agreement
(other than this Agreement), arrangement or understanding with any person or entity, directly or indirectly, to vote, grant any
proxy or give instructions with respect to the voting of any of the Seller Shares.

(d)              
The Company shall indemnify and hold harmless each Seller and each of his, her or its indemnified Persons (as such term
is defined in the Zuf Asset Purchase Agreement and the Sky-Rent Asset Purchase Agreement, except that for purposes of this Agreement,
none of the Company nor any subsidiary of the Company shall be deemed an Indemnified Person of the Sellers) from, against and in
respect of any loss (excluding loss of value of the Seller Shares), liability, claim, damage, cost, fine, deficiency, judgment,
award, settlement and expense (including, without limitation, interest, penalties, costs of investigation and defense and the reasonable
fees and expenses of attorneys and experts) (collectively, “Indemnifiable Expenses”) incurred directly by the
Sellers in connection with any claim asserted by an unaffiliated third party against the Sellers based upon the voting of the Seller
Shares by: (i) such Sellers under direction of the Company Board pursuant to Section 1.01(a); or (ii) the Company or its designee
pursuant to the proxy and power of attorney granted under Section 1.01(b).

Article
II

Transfer

Section
2.01        General Restrictions on Transfer
of Seller Shares.

(a)               
Except as otherwise expressly permitted pursuant to this Article II, no Seller shall Transfer (as hereinafter defined)
any Seller Shares without the prior written consent of the Company Board, which consent may be granted or withheld in its sole
and absolute discretion.

(b)              
For all purposes of this Agreement, the term “Transfer” means, as a noun, any direct or indirect, voluntary
or involuntary transfer, sale, pledge, encumbrance, assignment, hypothecation, gift, or other disposition and, as a verb, to voluntarily
or involuntarily, directly or indirectly, transfer, sell, assign, pledge, encumber, hypothecate, give, or otherwise dispose of,
any of the Seller Shares. In addition, with respect to any Seller that is an entity, any Transfer by any equity holder of such
entity of his, her or its equity interests in such entity, or the issuance of any additional equity interests in such entity, shall
be deemed to be a Transfer for purposes of this Agreement.

Section
2.02        Permitted Transfers. A Seller
shall be free at any time (without the consent of the Company but, in the case of clauses (i) and (ii) of this sentence, upon at
least five business days advance written notice to the Company) to Transfer all or any portion of his or its Seller Shares: (i)
in the case the transferring Seller is a natural person, to a trust or estate, limited liability company, limited partnership or
similar vehicle owned 

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or controlled by such Seller; (ii) in the case of a transferring Seller that is not a natural person, to
(A) such Seller’s equity holders on dissolution of such Seller or (B) a wholly owned subsidiary of such Seller; and (iii)
in the case of any Seller, to the Company (whether pursuant to the provisions of this Article II or otherwise). Seller Shares
owned or held by a Seller who is a natural person may also be Transferred upon such Seller’s death or involuntarily by operation
of law. In addition, Seller Shares may be Transferred pursuant to a merger, consolidation or other business combination involving
Company Common Stock that has been approved by the Company Board and otherwise in compliance with all applicable laws, rules and
regulations. Notwithstanding the foregoing, in the case of any Transfer permitted under this Section 2.02 (other than a
permitted Transfer pursuant to the preceding sentence or clause (iii) of this Section 2.02), it shall be a condition to
such Transfer that such transferee agrees, by executing a joinder agreement in substantially the form attached hereto as Exhibit
A (y) to be bound by this Agreement as a Seller with respect to all of the Seller Shares Transferred to such transferee, and
(z) that all of the Seller Shares Transferred to such transferee remain subject to this Agreement and all of the terms, conditions
and restrictions hereof as Seller Shares.

Section
2.03        Right of First Refusal.

(a)               
If, following the one year anniversary of the date hereof, a Seller (an “Offering Stockholder”) receives
a bona fide offer (the “Offer”) from any unaffiliated third party (a “Third Party Purchaser”)
to purchase any or all of the Seller Shares owned by such Seller (the “Offered Shares”) and the Offering Stockholder
desires to Transfer the Offered Shares to the Third Party Purchaser pursuant to such Offer, then the Offering Stockholder must
first make an offering of the Offered Shares to the Company in accordance with the provisions of this Section 2.03.

(b)              
The Offering Stockholder shall, within five business days after receipt of the Offer from the Third Party Purchaser, give
written notice (the “Offering Stockholder Notice”) to the Company stating that it has received a bona fide offer
from a Third Party Purchaser and specifying:

(i)                
the number of Offered Shares proposed to be Transferred by the Offering Stockholder;

(ii)              
the identity of the Third Party Purchaser;

(iii)            
the per share purchase price and the other material terms and conditions of the Transfer, including a description of any
non-cash consideration in sufficient detail to permit the valuation thereof; and

(iv)            
the proposed date, time and location of the closing of the Transfer, which shall not be less than 60 days from the date
of the Offering Stockholder Notice. The Offering Stockholder Notice shall constitute the Offering Stockholder's offer to 

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Transfer
the Offered Shares to the Company, which offer shall be irrevocable for the ROFR Notice Period (as hereinafter defined).

(c)               
Upon receipt of the Offering Stockholder Notice, the Company shall have thirty days (the “ROFR Notice Period”)
to elect, in its sole discretion, to purchase all, but not less than all, of the Offered Shares on the terms specified in the Offering
Stockholder Notice (subject to the right of the Company pursuant to Section 2.03(e) below to pay the purchase price solely
in cash), by delivering a written notice of such election (a “ROFR Notice”) to the Offering Stockholder. Any
ROFR Notice shall be binding upon delivery and irrevocable by the Company.

(d)              
If the Company elects to purchase all, but not less than all, of the Offered Shares pursuant to this Section 2.03,
the Company and the Offering Stockholder shall take all actions as may be reasonably necessary to consummate the purchase and sale
of such Offered Shares, including entering into agreements and delivering certificates and instruments and consents as may be deemed
necessary or appropriate, and making all payments in connection therewith, within 30 days after delivery of the ROFR Notice (or
if such 30 day period expires during a period in which “insiders” of the Company are prohibited from purchasing or
selling securities of the Company and such prohibition applies to the exercise of the Company’s rights hereunder, within
10 days following the expiration of such restricted period). Notwithstanding anything to the contrary contained herein, if all
or any portion of the consideration proposed to be paid by the Third Party Purchaser for the Offered Shares as set forth in the
Offering Stockholder Notice is other than cash, the Company shall have the option exercisable in its sole discretion by specifying
the same in the ROFR Notice to pay the purchase price solely in cash, in which case the fair market value of the proposed non-cash
consideration shall be determined in good faith by the disinterested members of the Company Board. All cash payments shall be paid
by wire transfer of immediately available funds to an account designated in writing by the Offering Stockholder to the Company.

(e)               
If the Company does not elect in an ROFR Notice delivered during the ROFR Notice Period to purchase all, but not less than
all, of the Offered Shares, (i) the Company shall be deemed to have waived their rights to purchase the Offered Shares under this
Section 2.03, and (ii) the Offering Stockholder may, during the 60-day period immediately following the expiration of the
ROFR Notice Period and subject to Section 2.03(g), Transfer to the Third Party Purchaser all but not less than all of the
Offered Shares on terms and conditions no more favorable to the Third Party Purchaser than those set forth in the Offering Stockholder
Notice. If the Offering Stockholder does not Transfer the Offered Shares within such period, the rights provided under this Section
2.03 shall be deemed to be revived and the Offered Shares shall not be Transferred to the Third Party Purchaser or otherwise
pursuant to this Section 2.03 unless the Offering Stockholder sends a new Offering Stockholder Notice in accordance with,
and otherwise complies with, this Section 2.03.

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(f)               
Notwithstanding anything to the contrary contained herein, it shall be a condition to any Transfer of Offered Shares pursuant
to this Section 2.03 that the Third Party Purchaser to whom or which the Offered Shares are Transferred agrees, by executing
a joinder agreement in substantially the form attached hereto as Exhibit A, (i) to be bound by this Agreement as a Seller
with respect to all of the Offered Shares Transferred to such Third Party Purchaser, and (ii) that all of the Offered Shares Transferred
to such Third Party Purchaser remain subject to this Agreement and all of the terms, conditions and restrictions hereof as Seller
Shares.

Article
III

Representations and Warranties

Section
3.01        Representations and Warranties.
Each Seller, severally and not jointly, represents and warrants to the Company, and the Company represents and warrants to
each Seller, that:

(a)               
If such Party is not a natural person, such Party is duly organized and validly existing in good standing under the laws
of the jurisdiction in which it is formed, and has the requisite power and authority to own its properties and to carry on its
business as now being conducted;

(b)              
if such Party is a natural person, such Party is under no impairment or other disability, legal, physical, mental or otherwise,
that would preclude or limit the ability of the Seller to enter into this Agreement or perform his obligations hereunder;

(c)               
such Party has the requisite power and authority to enter into and perform its or his obligations under this Agreement;

(d)              
the execution and delivery of this Agreement by such Party has been duly authorized and, except for filings required under
the Securities Exchange Act of 1934, as amended, no further filing, consent, or authorization is required;

(e)               
this Agreement has been duly executed and delivered by such Party, and constitutes the legal, valid and binding obligation
of such Party, enforceable against such Party in accordance with the terms hereof, except as such enforceability may be limited
by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating
to, or affecting generally, the enforcement of applicable creditors’ rights and remedies;

(f)               
the execution, delivery and performance of this Agreement and the consummation by such Party of the transactions contemplated
hereby do not and will not: (i) conflict with, or constitute a default (or an event which with notice or lapse of time or both
would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement,
indenture or instrument to which such Party is a party or by which such Party is bound or to which any of its or his 

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assets or
properties are subject; or (ii) result in a violation of any Law applicable to such Party or by which any of his or its assets
or properties is bound or affected; and

(g)              
except for this Agreement, the Zuf Asset Purchase Agreement, the Sky-Rent Asset Purchase Agreement, and any agreements or
arrangements that were terminated prior to the consummation of the transactions contemplated by the Asset Purchase Agreement, such
Party has not entered into or agreed to be bound by any other agreements or arrangements of any kind with any other party with
respect to the shares of the Company Common Stock owned or held by such Party, including agreements or arrangements with respect
to the acquisition or disposition of such shares or any interest therein or the voting of such shares.

Article
IV

Term and Termination

Section
4.01        Termination. The term of
this Agreement shall commence on the date hereof and shall terminate upon the fifth anniversary of the date hereof; provided, however,
that if any period for giving notice or exercising a right or option under, or otherwise complying with the provisions of or completing
a transaction (or, if applicable, series of related transactions), under Section 2.03 is in effect on the fifth anniversary
of the date hereof, then solely with respect to such transaction (or, if applicable, series of related transactions), the provisions
of Section 2.03, as the case may be, and the Parties’ respective obligations thereunder shall survive the termination
of this Agreement in accordance with their terms.

Article
V

Miscellaneous

Section
5.01        Expenses; Prevailing Party. Each
Party shall pay his or its own expenses (including attorneys’ fees) incident to this Agreement and the transactions contemplated
herein. Notwithstanding the foregoing, in the event that any Party institutes any action or suit to enforce this Agreement or to
secure relief from any default hereunder or breach hereof, the prevailing party shall be reimbursed by the losing party or parties
for all costs and expenses, including reasonable attorneys’ fees and expenses, incurred in connection therewith and in enforcing
or collecting any judgment rendered therein.

Section
5.02        Notices. Any and all notices
or other communications or deliveries required or permitted to be provided under this Agreement shall be in writing and shall be
deemed given and effective on the earliest of (a) the business day following the date of mailing, if sent by nationally recognized
overnight courier service, specifying next business day delivery, (b) the third business day following the date of mailing, if
sent by certified mail, return receipt requested, postage prepaid, or (c) upon actual receipt by the 

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Party to whom such notice
is required to be given if delivered by hand. The address for such notices and communications shall be as follows:

	 	If to any Zuf Seller:	c/o Zuf Acquisitions I LLC
	 	 	3836 Dividend Dr.
	 	 	Garland, TX 75042
	 	 	Telephone No.: (972) 278-2138, Ext. 
	 	 	104 Facsimile No.: (972) 842-7102
	 	 	Attn: Michael Zuffinetti
	 	 	 
	 	 	 
	 	If to any Sky-Rent:	c/o Zuf Acquisitions I LLC
	 	 	3836 Dividend Dr.
	 	 	Garland, TX 75042
	 	 	Telephone No.: (972) 278-2138, Ext. 
	 	 	104 Facsimile No.: (972) 842-7102
	 	 	Attn: Michael Zuffinetti
	 	 	 
	 	 	 
	 	In each case with a copy to, 	Gray Reed & McGraw, LLP
	 	which shall not constitute 	1601 Elm Street, Suite 4600
	 	Notice) to:	Dallas, TX 75201
	 	 	Telephone No.: (214) 954-4135
	 	 	Facsimile No.: (469) 320-6861
	 	 	Attn: Norman Lofgren
	 	 	 
	 	 	 
	 	If to the Company:	Henry M. Nahmad
	 	 	290 N.E. 68th Street
	 	 	Miami, FL  33138
	 	 	 
	 	In the case of notices	Troutman Sanders LLP
	 	to the Company, with	875 Third Ave. 
	 	a copy (which shall not 	New York, NY 10022
	 	constitute Notice) to: 	Attn: Joseph Walsh, Esq. 

 

or, in each case or in the case of a
subsequently admitted Party to this Agreement, to such other address as may be designated in writing hereafter, in the same manner,
by such Party by prior notice to the other Party or Parties, as the case may be, in accordance with this Section 5.02.

Section
5.03        Governing Law; Waiver of Jury
Trial. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed
by and construed and enforced in accordance with the internal Laws of the State of Delaware, without regard to the principles of
conflicts of law thereof. Each Party 

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agrees that all legal proceedings concerning the interpretation, enforcement and defense of
this Agreement or the transactions contemplated by this Agreement (whether brought against a Party hereto or his or its respective
Affiliates, directors, officers, securityholders, members, employees or agents) shall be commenced exclusively in the Delaware
Chancery Court or, if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware
state court. Each Party hereto hereby irrevocably submits to the exclusive jurisdiction of the Delaware Chancery Court or, if such
court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state court for the adjudication
of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with
respect to the interpretation or enforcement of this Agreement), and hereby irrevocably waives, and agrees not to assert in any
Proceeding, any claim that it is not personally subject to the jurisdiction of any such court or that such Proceeding is improper.
Each Party hereto hereby irrevocably waives personal service of process and consents to process being served in any such Proceeding
by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such Party at the
address in effect for 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 applicable Law.

TO THE FULLEST EXTENT PERMITTED BY
LAW, THE PARTIES HERETO HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING
OUT OF THIS AGREEMENT OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS TRANSACTION. THE SCOPE OF THIS WAIVER
IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT, INCLUDING, WITHOUT
LIMITATION, CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. IN THE EVENT OF
LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

Section
5.04        Titles and Headings. The
titles and headings in this Agreement are for reference purposes only, and shall not in any way affect the meaning or interpretation
of this Agreement.

Section
5.05        Severability. Any provision
of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. If
any court 

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of competent jurisdiction determines that any term or provision hereof, or any part of any such term or provision is
invalid or unenforceable, such term or provision, or part thereof, shall be enforced to the full extent permitted by such court,
and all other terms and provisions shall not thereby be affected and shall be given full effect, without regard to the invalid
provisions or portions.

Section
5.06        Entire Agreement. This Agreement,
the Purchase Agreement and the other documents being executed by the parties in connection with the Purchase Agreement constitute
the entire agreement of the Parties with respect to the subject matter contained herein and supersede all prior and contemporaneous
understandings and agreements, both written and oral, with respect to such subject matter.

Section
5.07        Successors and Assigns. This
Agreement shall be binding upon and shall inure to the benefit of the Parties hereto and their respective heirs, successors, legal
representatives, and permitted assigns and, to the extent set forth herein, transferees.

Section
5.08        No Third Party Beneficiaries.
Nothing expressed or implied in this Agreement is intended, or shall be construed, to confer upon any person or entity other
than the Parties hereto and their respective heirs, successors, legal representatives, and permitted assigns and, to the extent
set forth herein, transferees, any rights or remedies under or by reason of this Agreement.

Section
5.09        Amendment and Modification; Waiver.
This Agreement may only be amended, modified or supplemented by an agreement in writing signed by the holder(s) of a majority
of the Seller Shares then subject to this Agreement, and the Company. No waiver by any party of any of the provisions hereof shall
be effective unless explicitly set forth in writing and signed by the Party so waiving. No waiver by any Party shall operate or
be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether
of a similar or different character, and whether occurring before or after that waiver. No failure to exercise, or delay in exercising,
any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall
any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof
or the exercise of any other right, remedy, power or privilege.

Section
5.10        Counterparts. This Agreement
may be executed in counterparts, each of which shall be deemed an original agreement, but all of which together shall constitute
one and the same instrument. This Agreement may be transmitted by facsimile or electronically, and it is the intent of the parties
that the facsimile copy (or a photocopy or PDF copy) of any signature printed by a receiving facsimile machine or computer 

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printer
shall be deemed an original signature and shall have the same force and effect as an original signature.

Section
5.11        Further Assurances. The Parties
hereto shall from time to time execute and deliver all such further documents and instruments and do all acts and things as the
other Parties (in particular, the party or parties whose rights and privileges may be affected or at issue) may reasonably request
or require to effectively carry out or better evidence or perfect the full intent and meaning of this Agreement.

Section
5.12        Equitable Remedies. Each
Party hereto acknowledges that the other Party or Parties hereto would be irreparably damaged in the event of a breach or threatened
breach by such Party of any of its obligations under this Agreement and hereby agrees that in the event of a breach or a threatened
breach by such Party of any such obligations, each of the other Parties hereto shall, in addition to any and all other rights and
remedies that may be available to them in respect of such breach under this Agreement, at law or in equity, be entitled to an injunction
from a court of competent jurisdiction (without any requirement to post bond) granting specific performance by such Party of its
obligations under this Agreement.

Section
5.13        Legend on Stock Certificates.

(a)               
In addition to any legends required by applicable Law, (i) each stock certificate representing any Seller Shares shall bear
a legend in substantially the form set forth in paragraph (b) below for so long as this Agreement remains in effect.

(b)              
The restrictive legend referenced in paragraph (a) above shall be in substantially the following form:

“The
shares represented by this certificate are subject to that certain Stockholders Agreement, dated February 9, 2018, and all amendments
thereto, copies of which are on file at the principal office of the Company, and voluntary or involuntary sale, pledge, assignment,
hypothecation, gift, or other disposition or transfer (as defined in such Stockholders Agreement) of the shares represented by
this certificate or any interest therein shall be subject to the terms of such Stockholders Agreement and the shares represented
hereby shall remain subject to the terms of such Stockholders Agreement notwithstanding any such Transfer.”

 

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(c)               
The Sellers hereby agree to immediately submit to the Company the stock certificates held by each of them representing the
Seller Shares for inscription of the aforesaid restrictive legend thereon.

(d)              
Notwithstanding the foregoing or anything to the contrary contained herein, the enforceability of this Agreement, including,
without limitation, the proxy granted hereby, shall not be affected by the fact that the stock certificates representing any Seller
Shares have not been delivered as provided for herein or that such stock certificates may not bear any legend with respect to the
provisions of this Agreement.

Section
5.14        Construction; Interpretation.

(a)               
This Agreement shall be interpreted and construed without regard to any rule or presumption requiring that this Agreement
be interpreted or construed against the party causing this Agreement to be drafted.

(b)              
Whenever the context of this Agreement permits, the masculine or neuter gender shall include the feminine, masculine and
neuter genders, and any reference to the singular or plural shall be interchangeable with the other.

(c)               
For the avoidance of doubt, the terms “Company Common Stock,” and “Seller Shares”
as used throughout this Agreement shall refer to the Company Common Stock or shares thereof, as the context may require, and any
other securities into which the Company Common Stock may be converted during the term of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

    12 

     

    

 

IN WITNESS WHEREOF, the parties hereto have
executed or caused this Agreement to be executed as of the date first written above.

 

 

	 	ENVIROSTAR, INC. 
	 	 	 
	 	By:	/s/ Henry M. Nahmad
	 	Name:	Henry M. Nahmad
	 	Title:	Chief Executive Officer
	 	 	 
	 	/s/ Michael J. Zuffinetti
	 	Michael J. Zuffinetti
	 	 	 
	 	/s/ Ryan C. Smith
	 	Ryan C. Smith
	 	 	 
	 	/s/ Teri Dea Zuffinetti
	 	Teri Dea Zuffinetti
	 	 	 
	 	 	 
	 	ZUF ACQUISITIONS I LLC, 
	 	a Texas limited liability company 
	 	d/b/a/ AAdvantage Laundry Systems
	 	 	 
	 	By:	/s/ Michael J. Zuffinetti
	 	Name:	Michael J. Zuffinetti
	 	Title:	Manager
	 	 	 
	 	ZUF MANAGEMENT, LLC,
	 	a Texas limited liability company
	 	 	 
	 	By:	/s/ Michael J. Zuffinetti
	 	Name:	Michael J. Zuffinetti
	 	Title:	Member
	 	 	 
	 	SKY-RENT LP,
	 	a Texas limited liability company
	 	 	 
	 	By:	Sky-Rent Management, LLC, a Texas
	 	limited liability company, its general partner
	 	 	 
	 	 	 
	 	By:	/s/ Michael J. Zuffinetti

 

    13 

     

    
	 	Name:	Michael J. Zuffinetti
	 	Title:	Manager
	 	 	 
	 	 	 
	 	 	 
	 	SKY-RENT MANAGEMENT LLC,
	 	a Texas limited liability company
	 	 	 
	 	By:	/s/ Michael J. Zuffinetti
	 	Name:	Michael J. Zuffinetti
	 	Title:	Member
	 	 	 

 

 

[Signature Page to Stockholders
Agreement]

    14 

     

    

EXHIBIT
A

Form of Joinder Agreement

 

Reference is hereby made to that certain
Stockholders Agreement, dated as February 9, 2018 (as amended from time to time, the “Stockholders Agreement”),
by EnviroStar, Inc., a Delaware corporation, Michael Zuffinetti, Ryan C. Smith, Zuf Management, LLC, Sky-Rent LP, Teri Dea Zuffinetti
and the other Stockholders which may have become a party thereto from time to time.

Pursuant to and in accordance with
Section ______ of the Stockholders Agreement, the undersigned hereby agrees that upon the execution of this Joinder Agreement,
(a) the undersigned shall become a party to the Stockholders Agreement as a [Seller/Purchaser], (b) the undersigned shall be fully
bound by, and subject to, all of the covenants, terms and conditions of the Stockholders Agreement as a [Seller/Purchaser] as though
an original party thereto, and (c) the shares of the Company Common Stock acquired on the date hereof by the undersigned from ______
shall be deemed to be [Seller/Purchaser] Shares for all purposes of the Stockholders Agreement.

Capitalized terms used herein without
definition shall have the meanings ascribed to such terms in the Stockholders Agreement.

 

IN WITNESS WHEREOF, the undersigned
has executed this Joinder Agreement as of _____________.

 

 

	 	[Transferee Stockholder Name]
	 	 	 
	 	By	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	Address:	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

    15

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