Document:

Exhibit

CIMAREX ENERGY CO.
1700 Lincoln Street, Suite 3700
Denver, Colorado 80203-4537

    

NOTICE OF GRANT OF RESTRICTED STOCK
AND AWARD AGREEMENT (PERFORMANCE AWARD)

    

	
	
	Name: <first_name> <last_name>

	 

	Participant ID: <emp_id>

	 

	Plan:  2014 Equity Incentive Plan

	 

	Date of Award: December 6, 2018

	 

	Number of shares: <shares_awarded>

	 

	Restriction Period Ends:  December 1, 2021

By accepting this agreement online, you and Cimarex Energy Co. (the “Company”) agree that this restricted stock award is granted under and governed by the terms and conditions of the Company’s 2014 Equity Incentive Plan (the “Plan”) and the Award Agreement (the “Agreement”), both of which are attached and made a part of this document.  In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of the Agreement, the terms and conditions of the Plan will prevail.

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 1 of 8

AWARD AGREEMENT

1.    Grant of Restricted Stock.  Pursuant to the Plan and subject to the terms and conditions of this Agreement, you are granted the shares of restricted stock (“Restricted Stock”) as set forth in the foregoing Notice of Grant as an Other Stock Award pursuant to Article VIII of the Plan.  Upon the Company’s achievement of pre-determined objectives for a specified performance period, some or all of the shares of Restricted Stock will vest (the “Vested Shares”).  Prior to the end of the Performance Period (as defined in Paragraph 3), the Restricted Stock may be evidenced in the manner the Company deems appropriate, including, without limitation, a book-entry registration or issuance of a stock certificate or certificates.  At the end of the Performance Period the shares will be disposed of as provided in Paragraph 7.

2.    Voting Rights and Ordinary Cash Dividends.  Prior to the end of the Performance Period you are entitled to the voting rights of a holder of the Company’s common stock.

During the Performance Period, the Company will accrue dividends on the maximum number of shares that may vest pursuant to this grant for each dividend record date occurring during the Performance Period.  At the end of the Performance Period, the number of Vested Shares to be paid to you will be calculated in accordance with paragraph 4 of this Agreement.  At that time you will receive the dividends accrued by the Company that are attributable to the Vested Shares paid to you in accordance with such calculation.  Any dividends that are accrued on shares that are forfeited as a result of the calculation described in paragraph 4 will also be forfeited and returned to the Company’s general funds.

3.    Performance Period.  Except as provided in Paragraphs 5 and 6, the “Performance Period” shall be the three-year period ending on December 1, 2021 as provided in the foregoing Notice of Award.  You may not sell, assign, transfer by gift or otherwise, pledge, hypothecate or otherwise dispose of, by operation of law or otherwise, any of the shares of Restricted Stock prior to expiration of the Performance Period.

4.    Performance Goals.  The number of Vested Shares will be determined at the end of the Performance Period and will be based upon the Company’s stock price performance relative to that of a defined peer group.  The peer group will be comprised of the exploration and production companies set forth on Appendix B, on both the first day of the Performance Period and on the last day of the Performance Period (the “Performance Peer Group”).  The calculation of the exact number of Vested Shares to be issued shall be determined as follows:

		
	a.
	The calculated percentage difference between (i) and (ii), below:

		
	(i)
	the average (rounded to the second decimal place) of the per share closing price of the Company’s common stock (the “XEC Beginning Price”) and the common stock of each company in the Performance Peer Group over 30 trading days preceding the beginning of the Performance Period, and

		
	(ii)
	the average (rounded to the second decimal place) of the per share closing price of the Company’s common stock (the “XEC Ending Price”) and the common stock of each company in the Performance Peer Group over 30 trading days preceding the end of the Performance Period.

		
	b.
	After determination of the percentage difference as provided in 4.a., the Company and the companies in the Performance Peer Group will be ranked from the highest percentage to the lowest percentage, with the highest percentage company ranked as first and the lowest 

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 2 of 8

percentage company as the last number of the total number of companies in the Performance Peer Group.  If during the Performance Period any member of the Performance Peer Group (i) declares bankruptcy, or (ii) is delisted and ceases to be traded on a national securities exchange, then it will remain in the Performance Peer Group and shall be ranked with any similarly-situated company in last place for purposes of this Section 4.b.

		
	c.
	The result obtained in 4.b. will serve as the basis for the percentage of Vested Shares to be held by you.  The applicable vesting percentages are set forth on Appendix A to this Agreement.  For the Company’s rank under the column entitled “Relative Performance Rank” you will vest the percentage shown under the appropriate “Percent of Award Vesting” column depending on whether (i) the XEC Ending Price is less than the XEC Beginning Price or (ii) the XEC Ending Price is equal to or greater than the XEC Beginning Price.  If at the end of the Performance Period there are fewer companies in the Performance Peer Group than at the beginning of the Performance Period, the relative performance rank will be adjusted so that the Company must be ranked first or second of the companies in the Performance Peer Group in order for you to achieve 200% of the award, and no shares will vest if the Company is ranked less than 35% of the companies in the Performance Peer Group, with the remaining vesting percentages adjusted by interpolation.

 
5.    Termination of Employment.

a.    Death or Disability.  If your employment with the Company terminates on account of death or disability (as defined below) prior to the end of the Performance Period, you will receive the number of Vested Shares calculated in accordance with paragraph 4, except that the end of the Performance Period will be the date of death or disability.

You will be considered disabled if you are (i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (ii) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of Cimarex.

b.    Other Terminations.  If your employment is terminated, voluntarily or involuntarily, for any reason other than death or disability prior to the end of the Performance Period, your Restricted Stock will be forfeited.

6.    Change in Control.  Upon the occurrence of a Change in Control, as defined in the Plan, you will receive the number of Vested Shares calculated in accordance with paragraph 4, except that the end of the Performance Period shall be the date of the Change in Control.

7.    Removal of Restrictions.  Upon expiration of the Performance Period, the Company will deliver to you the number of Vested Shares computed in accordance with this Agreement.  In conformity with its insider trading policy, Cimarex may elect to electronically deliver the shares to your account at a brokerage firm selected by the Company.  You shall forfeit and assign to the Company, without any consideration, any shares of Restricted Stock to which you are not entitled at the end of the Performance Period.

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 3 of 8

8.    Withholding Taxes.  Unless you make other arrangements with the Company, the Company will withhold a number of Vested Shares having a Fair Market Value (as defined in the Plan) on the date of payment equal to the minimum statutory total tax that could be withheld on the transaction.  You may also make arrangements with the Company to pay the amount of taxes required by law or to deliver to the Company previously owned shares of common stock having a Fair Market Value on the date of payment equal to the minimum statutory total tax.  In no event shall any form of payment made by you be permitted if it would result in an accounting charge with respect to shares delivered to pay such taxes, unless otherwise approved by the Company’s Compensation and Governance Committee.

9.    Effect of Prohibited Transfer.  If any transfer of Restricted Stock is made or attempted to be made contrary to the terms of this Agreement, the Company will have the right to acquire, without the payment of any consideration, such shares from you or your transferee, at any time before or after a prohibited transfer.  In addition to any other legal or equitable remedies it may have, the Company may enforce its rights to specific performance to the extent permitted by law and may exercise such other equitable remedies then available to it.  The Company may refuse for any purpose to recognize any transferee who receives shares contrary to the provisions of this Agreement as a stockholder and may retain and/or recover all dividends on such shares that were paid or payable subsequent to the date on which the prohibited transfer was made or attempted.

10.    Clawback.  By accepting this Performance Award, you expressly agree that, in the event of an accounting restatement due to material noncompliance with financial reporting requirements under the U.S. federal securities laws, the Committee has the right to use reasonable efforts to recover from you this Performance Award, during the three-year period preceding the date on which the Company is required to prepare an accounting restatement.  This clawback policy will be interpreted in the best judgment of the Committee in a manner consistent with any applicable rules or regulations adopted by the Securities and Exchange Commission or the New York Stock Exchange Stock Market as contemplated by the Dodd-Frank Act.
11.    Miscellaneous.

(a)Adjustments.  Article IX of the Plan provides for certain adjustments to the number of shares of Common Stock covered by the Restricted Stock and other changes in connection with a reorganization or other changes to the Common Stock.
(b)Restrictions on Common Stock.  Any shares of Common Stock acquired by you are subject to the Company’s Insider Trading Policy and may be subject to other restrictions on resale.  Any sale or other disposition of shares by you must be made in compliance with the Company’s Insider Trading Policy, in effect from time to time, securities law and other applicable legal requirements.
(c)Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock awarded under the Plan or future Restricted Stock that may be awarded under the Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.
(d)Amendment or Modifications to the Agreement.  This Agreement constitutes the entire understanding of the parties on the subjects covered.  You expressly warrant that you are not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein.  Modifications to this Agreement or the Plan may only be made in writing and signed by a duly authorized officer of the Company.
(e)    Amendment or Termination of the Plan.  By accepting this Performance Award, you expressly warrant that you have received the Restricted Stock under the Plan, and have received, read 

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 4 of 8

and are familiar with the terms of the Plan.  You understand that the Plan is discretionary in nature and that it may be amended, suspended or terminated by the Company at any time.
(f)    Defined Terms.  Capitalized terms have the meaning set forth in the Plan or herein, as the case may be.
(g)    Compliance with Securities Laws.  This Agreement shall be subject to the requirement that if at any time counsel to the Company determines that the listing, registration or qualification of the shares of Restricted Stock upon any securities exchange or under any state or federal law, or the consent or approval of any governmental or regulatory body, is necessary as a condition of, or in connection with, the issuance or purchase of such shares thereunder, the Restricted Stock may not be awarded unless such listing, registration, qualification, consent or approval shall have been effected or obtained on conditions acceptable to the Company.  Nothing herein shall be deemed to require the Company to apply for, obtain, or keep current, any such listing, registration or qualification.
(h)    Construction; Severability.  The section headings contained herein are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.  The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, and each other provision of this Agreement shall be severable and enforceable to the extent permitted by law.
(i)    Waiver.  Any provision contained in this Agreement may be waived, either generally or in any particular instance, by the Committee appointed under the Plan, but only to the extent permitted under the Plan.
(j)    Binding Effect.  Subject to the limits on the transferability of the Restricted Stock, this Agreement shall be binding upon and inure to the benefit of the Company and you and their respective heirs, executors, administrators, legal representatives, successors and assigns.
(k)    No Right to Continued Employment.  Nothing contained in this Agreement or the Plan shall be construed as giving you any right to remain employed by (or provide other service to) the Company, any Subsidiary or any Affiliated Entity.  The Company reserves the right to terminate your employment (or other service) at any time.
(l)    Notices.  Any notice required or permitted to be given under this Agreement shall be in writing and shall be delivered electronically, personally or mailed (U.S. Mail) by the Company to you at your then current address as maintained by the Company or such other address as you may advise the Company in writing.  Any such notice shall be deemed to have been given as of the second day after deposit in the United States mails, postage prepaid, properly addressed as set forth in this paragraph, in the case of a mailed notice, or as of the date delivered in the case of electronic or personal delivery.
(m)    Governing Law.  This Agreement and the Plan shall be governed by and construed in accordance with the laws of the State of Delaware except as superseded by applicable Federal law.

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 5 of 8

Attachments:
2014 Equity Incentive Plan
Plan Prospectus
Insider Trading Policy

[REST OF THE PAGE IS LEFT BLANK INTENTIONALLY]

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 6 of 8

Appendix A
Cimarex Energy Co.
Performance Award Agreement

	
			
	Relative Performance Rank
	XEC Ending Price is Less Than XEC Beginning Price - Percent of Award Vesting
	XEC Ending Price is Equal to or Greater Than XEC Beginning Price - Percent of Award Vesting

	1-2
	200%
	200%

	3
	175%
	175%

	4-5
	135%
	150%

	6
	100%
	125%

	7-8
	50%
	100%

	9
	0%
	75%

	10
	0%
	50%

	 11-15
	0%
	0%

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 7 of 8

Appendix B
Cimarex Energy Co.
Performance Award Agreement

Performance Peer Group

(Initially consisting of companies in the S&P 500 Exploration and Production Index 
as of December 6, 2018, subject to adjustment as provided in 
Section 4 of this Performance Share Agreement)

	
		
	Anadarko Petroleum Corporation (APC)
	EQT Corporation (EQT)

	Apache Corporation (APA)
	Hess Corporation (HES)

	Cabot Oil & Gas Corporation (COG)
	Marathon Oil Corporation (MRO

	Cimarex Energy Co. (XEC)
	Newfield Exploration Company (NFX)

	Concho Resources Inc. (CXO)
	Noble Energy Inc. (NBL)

	ConocoPhillips (COP)
	Occidental Petroleum Corporation (OXY)

	Devon Energy Corporation (DVN)
	Pioneer Natural Resources Company (PXD)

	EOG Resources Inc. (EOG)
	 

CIMAREX 2014 EQUITY INCENTIVE PLAN PERFORMANCE AWARD AGREEMENT        Page | 8 of 8Exhibit 10.1

 

MEMBERSHIP INTEREST EXCHANGE AND CONTRIBUTION
AGREEMENT

 

THIS SHARE EXCHANGE
AGREEMENT, dated as of the 23 day of March, 2018 (the "Agreement"), by and among AOTS 42, a Delaware corporation
(the "Company"). THE POWER COMPANY USA, LLC, an Illinois limited liability company ("TPC"), AMERICAN
ILLUMINATING COMPANY. LLC, a Connecticut limited liability company ("AIC"), and Premier Holding Corporation, the sole
member of TPC and AIC ("PRHL") each of whom has executed a counterpart signature page to this Agreement. The
Company, TPC, AIC and PRHL are individually referred to herein as a "Party" and collectively as the "Parties."

 

RECITALS

 

WHEREAS, the capitalization
of TPC consists of Membership Interests (the "Membership Interests"), all of which arc held by PRHL;

 

WHEREAS, the capitalization
of AIC consists of Membership Interests (the "Membership Interests"), all of which are held by PRHL;

 

WHEREAS, the Company
desires to acquire from PRHL and PRHL desires to contribute (the "Premier Contribution") to the Company, subject to
shareholder vote and approval and Federal Energy Regulatory Commission approval, all of the issued and outstanding membership
interests of TPC (the "TPC Membership Interests") and all of the issued and outstanding membership interests
of AIC (the "AIC Membership Interests") in exchange for the issuance by the Company of an aggregate of nineteen
million two hundred fifty thousand (19,250,000) shares (the "Company Shares") of the Company's common stock,
$0.0001 par value per share (the "Common Stock"), to PRHL on the terms and conditions set forth herein (the "Share
Exchange");

 

WHEREAS. the contribution
and exchange contemplated hereby (the "Contribution and Exchange") in addition to the: (i) contribution by Advanced
E Lighting, LLC ("Advanced") in exchange for six million (6,000,000) Company Shares (the "Advance Contribution");
(ii) contribution by PowerOne Corporation, Units of Rescom Energy, LLC ("Rescom") in exchange for ten million (10,000,000)
Company Shares (the "Rescom Contribution"); (iii) contribution by TPC Management Company, LLC, ("TPMC")
of of the Portal Technology in exchange for six million (6,000,000) Company Shares (the "Technology Contribution").

 

WHEREAS the "Advance
Contribution" the "Premier Contribution" the "Technology Contribution" and the "Rescom
Contribution", (hereinafter collectively referred to as the "351 Contributions"), is intended to qualify
as an integrated contribution and exchange as described under Section 351 of the Internal Revenue Code of 1986, as amended (the
"Code");

 

WHEREAS, the Company
intends to conduct a private placement offering of its Common Stock consisting of a minimum of 1,000,000 shares at price per share
of $1.00 for each share of Common Stock (the "Minimum Offering Amount"), subject to an increase of up to 10%
in accordance with the terms and conditions of the Subscription Agreement (the "Maximum Increase"), with funds
being placed in escrow of which at least the Minimum Offering Amount will be released simultaneously with the closing of the Share
Exchange and, if applicable, subsequent closings thereafter of up to the Minimum Offering Amount and Maximum Increase (the "Equity
Financing"). any equity offerings over the Maximum Increase amount will be subject to board vote needing majority
approval.

 

 

 

 

 

    	 	1	 

     

    

 

WHEREAS. the Company
has engaged WestPark Capital, Inc. ("WestPark") as the placement agent for the equity financing pursuant to a
Placement Agent Agreement mutually acceptable to the Company and WestPark;

 

AGREEMENT

 

NOW, THEREFORE. in
consideration. of the promises and of the mutual representations. warranties and agreements set forth herein, the Parties hereto
agree as follows:

 

ARTICLE 1.

THE SHARE EXCHANGE

 

1.1             The Share Exchange. Subject to the
terms and conditions of this Agreement, on the Closing Date (as hereinafter defined):

 

(a)             
the Company shall issue and deliver to PRHL the number of authorized but unissued shares of Company Common Stock set forth
opposite her and/or her designees' names set forth on Schedule I hereto or pursuant to separate instructions to be delivered
prior to Closing, and

 

(b)             
if applicable. PRHL agrees to deliver to the Company duly endorsed certificates representing the TPC Membership Interests
and AIC Membership Interests.

 

1.2             Time
and Place of Closing. The closing of the Share Exchange (the "Closing") shall take place at the offices of
WestPark, or at such place and time as mutually agreed upon by the Parties hereto. The date upon which the Closing occurs is defined
as the "Closing Date."

 

1.3             Effective
Time. The Share Exchange shall become effective (the "Effective Time") at such time as all of the conditions
to set forth in Article 7 hereof have been satisfied or waived by the Parties hereto.

 

1.4             Tax Consequences. It is intended by
the Parties hereto that for United States income tax purposes, the contribution and transfer of the membership Interests by the
Member to the Company in exchange for the Company Shares constitutes a "tax-free" contribution of stock by the Member
pursuant to the provisions of Sections 351 of the Code.

 

ARTICLE 2.

REPRESENTATIONS AND WARRANTIES OF THE
COMPANY

 

The Company represents and warrants to the
Members that now and/or as of the Closing:

 

2.1             Due Organization and Qualification;
Due Authorization.

 

(a)               The
Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware with
full corporate power and authority to own, lease and operate its respective business and properties and to carry on its business
in the places and in the manner as presently conducted or proposed to be conducted. The Company is in good standing as a foreign
corporation in each jurisdiction in which the properties owned, leased or operated, or the business conducted, by it requires
such qualification except for any such failure, which when taken together with all other failures, is not likely to have a material
adverse effect on the business of the Company.

 

 

 

 

    	 	2	 

     

    

 

 

(b)             
The Company does not own, directly or indirectly, any capital stock, equity or interest in any corporation, firm, partnership,
joint venture or other entity.

 

(c)            
The Company has all requisite corporate power and authority to execute and deliver this Agreement, and to consummate the
transactions contemplated hereby and thereby. The Company has taken all corporate action necessary for the execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby, and this Agreement constitutes the valid and binding
obligation of the Company, enforceable against the Company in accordance with its terms, except
as may be affected by bankruptcy, insolvency, moratoria or other similar laws affecting the enforcement of creditors'
rights generally and subject to the qualification that the availability of equitable remedies is subject to the discretion of the
court before which any proceeding therefore may be brought, equitable remedies is subject to the discretion of the court before
which any proceeding therefore may be brought.

 

2.2             No
Conflicts or Defaults. The execution and delivery of this Agreement by the Company and the consummation of the transactions
contemplated hereby do not and shall not (a) contravene the Certificate of Incorporation or By-laws of the Company or (b) with
or without the giving of notice or the passage of time (i) violate, conflict with, or result in a breach of, or a default or loss
of rights under, any material covenant, agreement, mortgage, indenture, lease, instrument, permit or license to which the Company
is a party or by which the Company is bound, or any judgment, order or decree, or any law, rule or regulation to which the Company
is subject, (ii) result in the creation of, or give any party the right to create, any lien, charge, encumbrance or any other
right or adverse interest (the "Liens") upon any of the assets of the Company, (iii) terminate or give any party
the right to terminate, amend, abandon or refuse to perform, any material agreement, arrangement or commitment to which the Company
is a party or by which the Company's assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate
or modify, the time within which. or the terms under which, the Company is to perform any duties or obligations or receive any
rights or benefits under any material agreement. arrangement or commitment to which it is a party.

 

2.3             Capitalization.
The authorized capital stock of the Company consists of 110,000,000 shares of which 100,000,000 shares have been designated
as Company Common Stock and 10.000,000 shares have been designated as preferred stock, $0.0001 par value per share (the "Preferred
Stock"). As of the date hereof, there are 8.250,000 shares of Company Common Stock issued and outstanding, no shares
of Preferred Stock outstanding, of Company Common Stock outstanding with an exercise price of $0.0001 per share (the "Warrants").
All the outstanding shares of Company Common Stock are, and the Company Shares when issued in accordance with the terms hereof
will bc, duly authorized, validly issued, fully paid and non-assessable, and have not been or, with respect to the Company Shares
will not be, issued in violation of any preemptive right of stockholders. Other than as set forth on Item 2.3 to the Disclosure
Schedule to this Agreement, or as contemplated by this Agreement, there is no outstanding voting trust agreement or other contract,
agreement, arrangement, option, warrant, call, commitment or other right of any character obligating or entitling the Company
to issue, sell, redeem or repurchase any of its securities, and there is no outstanding security of any kind convertible into
or exchangeable for Company Common Stock. The Company has not granted registration rights to any person.

 

2.4             No Assets or Liabilities. As of
the Closing, the Company shall have no more than $10,000 in liabilities. Except for the foregoing or as set forth on the Financial
Statements, the Company does not have any (a) assets of any kind or (b) liabilities or obligations, whether secured or unsecured,
accrued. determined, absolute or contingent, asserted or unasserted or otherwise.

 

2.5             Taxes.
The Company has filed all United States federal, state, county and local returns and reports which were required to be filed
on or prior to the date hereof in respect of all income, withholding, franchise, payroll, excise, property, sales, use, value-added
or other taxes or levies, imposts. duties, license and registration fees, charges, assessments or withholdings of any nature whatsoever
(together, the "Taxes"), and has paid all Taxes (and any related penalties, fines and interest) which have become
due pursuant to such returns or reports or pursuant to any assessment which has become payable, or, to the extent its liability
for any Taxes (and any related penalties, fines and interest) has not been fully discharged, the same have been properly reflected
as a liability on the books and records of the Company and adequate reserves therefore have been established.

 

 

 

 

 

    	 	3	 

     

    

 

2.6             Indebtedness:
Contracts; No Defaults. Other than as set forth in Item 2.7 of the Disclosure Schedule or as described in the Financial
Statements, the Company has no material instruments, agreements, indentures, mortgages, guarantees, notes, commitments,
accommodations, letters of credit or other arrangements or understandings, whether written or oral, to which the Company is a
party.

 

2.7             Real
Property. The Company does not own or lease any real property.

 

2.8             Compliance with Law. The Company
is in compliance with all applicable federal, state, local and foreign laws and regulations relating to the protection of the
environment and human health. Then are no claims, notices, actions, suits, hearings, investigations, inquiries or proceedings
pending or, to the knowledge of the Company, threatened against the Company that arc based on or related to any environmental
matters or the failure to have any required environmental permits, and there are no past or present conditions that the Company
has reason to believe are likely to give rise to any material liability or other obligations of the Company under any environmental
laws.

 

2.9             Permits and Licenses. The Company
has all certificates of occupancy, rights, permits, certificates, licenses, franchises, approvals and other authorizations as
are reasonably necessary to conduct its respective business and to own, lease, use, operate and occupy its assets, at the places
and in the manner now conducted and operated, except those the absence of which would not materially adversely affect its respective
business.

 

2.10             Litigation.
There is no claim, dispute. action, suit, proceeding or investigation pending or, to the knowledge of the
Company, threatened, against or affecting the business of the Company. or challenging the validity or propriety of the
transactions contemplated by this Agreement, at law or in equity or admiralty or before any federal, state, local, foreign or
other governmental authority, board, agency, commission or instrumentality, nor to the knowledge of the Company, has any
such claim, dispute, action, suit, proceeding or investigation been pending or threatened, during the twelve (12) month
period preceding the date hereof. There is no outstanding judgment, order, writ, ruling, injunction, stipulation or decree of
any court, arbitrator or federal, state, local, foreign or other governmental authority, board, agency, commission
or instrumentality, against or materially affecting the business of the Company. The Company has not received any written
or verbal inquiry from any federal, state, local, foreign or other governmental authority, hoard, agency, commission
or instrumentality concerning the possible violation of any law, rule or regulation or an) matter disclosed in respect of
its business.

 

2.11             Insurance. The Company does not currently
maintain any form of insurance.

 

2.12             Patents,
Trademarks and Intellectual Property Rights. The Company does not own or possess any patents, trademarks, service marks,
trade names. copyrights, trade secrets. licenses, information. Internet web site(s) or proprietary rights of any nature.

 

2.13             Securities
Law Compliance. The Company has complied with all of the applicable requirements of the Securities Act of 1933, as amended
(the "Securities Act"), the Securities Exchange Act of 1934, as amended (the "Exchange Act")
and has complied with all applicable blue sky laws.

 

 

 

 

 

 

    	 	4	 

     

    

 

2.14             Conflicts
of Interest The Company acknowledges that it is aware and understands the facts and circumstances of the Conflicts of Interest,
as defined in Section 3.8, that may, individually and in the aggregate, create a conflict of interest The Company hereby waives
each and all of the Conflicts of Interest. in addition to any other conflicts of interest that may exist or arise by virtue of
the Conflicts of Interest and acknowledges that it has carefully read this Agreement, that it is consistent with the terms previously
negotiated by the Parties, and understands that it is free at any time to obtain independent counsel for further guidance.

 

ARTICLE 3.

REPRESENTATIONS AND WARRANTIES OF TPC,
AIC AND PRHL

 

Each of
TPC and PRHL, jointly and severally, represents and warrants to the Company that now and/or as of the Closing:

 

3.1               Due Organization and Qualification:
Due Authorization.

 

(a)             
TPC is a limited liability company duly organized and in good standing under the laws of the State of Connecticut, with
full corporate power and authority to own, lease and operate its business and properties and to carry on its business in the places
and in the manner as presently conducted or proposed to he conducted. TPC is in good standing in each jurisdiction in which the
properties owned, leased or operated, or the business conducted, by it requires such qualification except for any such failure,
which when taken together with all other failures, is not likely to have a material adverse effect on the business of TPC.

 

(b)             
TPC does not have any subsidiaries other than those set forth in Item 3.1(b) of the Disclosure Schedule (the "Subsidiaries")
and TPC does not own, directly or indirectly, any capital stock, equity or interest in any corporation, firm, partnership, joint
venture or other entity. Other than as set forth in Item 3.1(b) of the Disclosure Schedule, each Subsidiary is wholly owned by
TPC, free and clear of all liens, and there is no contract, agreement, arrangement, option, warrant, call, commitment or other
right of any character obligating or entitling TPC to issue, sell, redeem or repurchase any of its securities, and there is no
outstanding security of any kind convertible into or exchangeable for securities of TPC or any of the Subsidiaries.

 

(c)             
TPC has all requisite power and authority to execute and deliver this Agreement, and to consummate the transactions contemplated
hereby and thereby. TPC has taken all corporate action necessary for the execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby, and this Agreement constitutes the valid and binding obligation of TPC, enforceable against
TPC in accordance with its terms, except as may be affected by bankruptcy, insolvency, moratoria or other similar laws affecting
the enforcement of creditors' rights generally and subject to the qualification that the availability of equitable remedies is
subject to the discretion of the court before which any proceeding therefore may be brought.

 

3.2               No Conflicts or Defaults. The execution
and delivery of this Agreement by TPC and the consummation of the transactions contemplated hereby do not and shall not (a) contravene
the governing documents of any of the TPC or its Subsidiaries, or (b) with or without the giving of notice or the passage of time,
(i) violate. conflict with, or result in a breach of, or a default or loss of rights under, any material covenant, agreement,
mortgage, indenture, lease, instrument, permit or license to which TPC or by which TPC or any of its respective assets arc bound.
or any judgment, order or decree, or any law, rule or regulation to which their assets are subject, (ii) result in the creation
of, or give any party the right to create, any lien upon any of the assets of TPC, (iii) terminate or give any party the right
to terminate, amend, abandon or refuse to perform any material agreement, arrangement or commitment to which TPC is a party or
by which TPC or any of its assets are bound, or (iv) accelerate or modify, or give any party the right to accelerate or modify,
the time within which, or the terms under which TPC is to perform any duties or obligations or receive any rights or benefits
under any material agreement, arrangement or commitment to which it is a party.

 

 

 

 

 

 

    	 	5	 

     

    

 

3.3               Capitalization. The total aggregate
number of authorized Membership Interests of TPC is one (1). As of the date hereof, one (I) Membership Interest are issued and
outstanding. Except as set forth herein, all of the outstanding membership interest of TPC are duly authorized, validly issued,
fully paid and non-assessable, and have not been or, with respect to the TPC Membership Interest will not be transferred in violation
of any rights of third parties. The TPC Membership Interests are not subject to any preemptive or subscription right, any voting
trust agreement or other contract, agreement, arrangement, option, warrant, call, commitment or other right of any character obligating
or entitling TPC to issue, sell, redeem or repurchase any of its securities that will survive Closing and there is no outstanding
security of any kind convertible into or exchangeable for common shares. The TPC Membership Interest are owned of record and beneficially
by the Member and free and clear of any liens, claims, encumbrances, or restrictions of any kind.

 

3.4               Taxes.
TPC has filed all returns and reports which were required to be filed on or prior to the date hereof, and has paid all
Taxes (and any related penalties, fines and interest) which have become due pursuant to such returns or reports or pursuant
to any assessment which has become payable, or, to the extent its liability for any Taxes (and any related penalties, fines
and interest) has not been fully discharged, the same have been properly reflected as a liability on the books and records of
TPC and adequate reserves therefore have been established. All such returns and reports filed on or prior to the date hereof
have been properly prepared and arc true, correct (and to the extent such returns reflect judgments made by TPC such
judgments were reasonable under the circumstances) and complete in all material respects. No extension for the filing of any
such return or report is currently in effect No tax return or tax return liability of TPC has been audited or, presently
under audit. All taxes and any penalties. fines and interest which have been asserted to be payable as a result of any audits
have been paid. TPC has not given or been requested to give waivers of any statute of limitations relating to the payment of
any Taxes (or any related penalties, fines and interest). There are no claims pending for past due Taxes. All payments for
withholding taxes, unemployment insurance and other amounts required to be paid for periods prior to the date hereof to any
governmental authority in respect of employment obligations of TPC have been paid or shall he paid prior to the Closing and
have been duly provided for on the books and records of TPC and in the financial statements of TPC.

 

3.5               Indebtedness; Contracts; No Defaults.
Other than as set forth in Item 3.5 of the Disclosure Schedule, TPC has no material instruments, agreements, indentures, mortgages,
guarantees. notes. commitments, accommodations, letters of credit or other arrangements or understandings, whether written or
oral, to which TPC is a party.

 

3.6               Compliance with Law. Except as specified
in Item 3.6 of the Disclosure Schedule, TPC is conducting its business in material compliance with all applicable law, ordinance,
rule, regulation, court or administrative order, decree or process, or any requirement of insurance carriers material to its business.
Except as specified in Item 3.6 of the Disclosure Schedule, TPC has not received any notice of violation or claimed violation
of any such law, ordinance, rule, regulation, order, decree, process or requirement.

 

3.7               Litigation.

 

(a)               There
is no claim, dispute, action, suit, proceeding or investigation pending or threatened, against or affecting TPC or challenging
the validity or propriety of the transactions contemplated by this Agreement, at law or in equity or admiralty or before any federal,
state, local, foreign or other governmental authority, board, agency, commission or instrumentality, has any such claim, dispute,
action, suit, proceeding or investigation been pending or threatened, during the twelve (12) month period preceding the date hereof,
except as specified in Item 3.7 of the Disclosure Schedule;

 

 

 

 

 

    	 	6	 

     

    

 

(b)             
there is no outstanding judgment, order, writ, ruling, injunction, stipulation or decree of any court, arbitrator or federal, state,
local, foreign or other governmental authority, board, agency, commission or instrumentality, against or materially affecting TPC;
and

 

(c)             
TPC has not received any written or verbal inquiry from any federal, state, local, foreign or other governmental authority, board,
agency, commission or instrumentality concerning the possible violation of any law, rule or regulation or any matter disclosed
in respect of its business.

 

3.8               Conflict of Interest. TPC acknowledges
that it is aware and understands the following facts and circumstances that may, individually or in the aggregate, create a conflict
of interest:

 

(a)             
WestPark, a FINRA member, will be the placement agent for the Equity Financing and WestPark will be paid a commission of the gross
proceeds from the Equity Financing for its services;

 

(b)             
WestPark Financial Services LLC, which is the parent company of WestPark and of which Richard Rappaport controls and serves as
Chief Executive Officer and Chairman, is the sole stockholder of the Company beneficially holding 100% of the Company's issued
and outstanding Common Stock and Warrants (prior to the Share Exchange);

 

(c)             
Richard Rappaport, who is the founder and Chief Executive Officer of WestPark and indirectly holds a 100% interest in WestPark
is the President and a Director of the Company, and is a controlling stockholder of the Company beneficially holding a majority
of the Company's issued and outstanding Common Stock and Warrants (prior to the Share Exchange, consisting of the Common Stock
and Warrants held by WestPark Financial Services, LLC); and

 

(d)             
TPC hereby waives each and all of the Conflicts of Interest, in addition to any other conflicts of interest that may exist or
arise by virtue of the Conflicts of Interest and acknowledges that it has carefully read this Agreement, that it is consistent
with the terms previously negotiated by the Parties, and understands that it is free at any time to obtain independent counsel
for further guidance.

 

3.9               Due Organization and Qualification;
Due Authorization.

 

(a)             
AIC is a limited liability company duly organized and in good standing under the laws of the State of Connecticut, with full corporate
power and authority to own, lease and operate its business and properties and to carry on its business in the places and in the
manner as presently conducted or proposed to be conducted. AIC is in good standing in each jurisdiction in which the properties
owned, leased or operated, or the business conducted, by it requires such qualification except for any such failure, which when
taken together with all other failures, is not likely to have a material adverse effect on the business of Tit.

 

(b)             
AIC does not have any subsidiaries other than those set forth in Item 3.1(b) of the Disclosure Schedule (the "Subsidiaries")
and AIC does not own, directly or indirectly, any capital stock, equity or interest in any corporation, firm, partnership, joint
venture or other entity. Other than as set forth in Item 3.1(b) of the Disclosure Schedule, each Subsidiary is wholly owned by
AIC, free and clear of all liens, and there is no contract, agreement, arrangement, option, warrant, call, commitment or other
right of any character obligating or entitling AIC to issue, sell, redeem or repurchase any of its securities, and there is no
outstanding security of any kind convertible into or exchangeable for securities of AIC or any of the Subsidiaries.

 

 

 

    	 	7	 

     

    

 

(c)               AIC
has all requisite power and authority to execute and deliver this Agreement, and to consummate the transactions contemplated hereby
and thereby. NC has taken all corporate action necessary for the execution and delivery of this Agreement and the consummation
of the transactions contemplated hereby, and this Agreement constitutes the valid and binding obligation of AIC. enforceable against
AIC in accordance with its terms, except as may be affected by bankruptcy, insolvency, moratoria or other similar laws affecting
the enforcement of creditors' rights generally and subject to the qualification that the availability of equitable remedies is
subject to the discretion of the court before which any proceeding therefore may be brought.

 

3.10             No Conflicts or Defaults. The execution and delivery of this Agreement by NC and the consummation of the transactions contemplated
hereby do not and shall not (a) contravene the governing documents of any of the AIC or its Subsidiaries, or (b) with or without
the giving of notice or the passage of time. (i) violate, conflict with, or result in a breach of, or a default or loss of rights
under. any material covenant, agreement, mortgage, indenture, lease, instrument permit or license to which AIC or by which AIC
or any of its respective assets are bound, or any judgment, order or decree, or any law, rule or regulation to which their assets
are subject, (ii) result in the creation of, or give any party the right to create. any lien upon any of the assets of AIC, (iii)
terminate or give any party the right to terminate, amend, abandon or refuse to perform any material agreement, arrangement or
commitment to which AIC is a party or by which AIC or any of its assets are bound. or (iv) accelerate or modify, or give any party
the right to accelerate or modify. the time within which, or the terms under which AIC is to perform any duties or obligations
or receive any rights or benefits under any material agreement, arrangement or commitment to which it is a party.

 

3.11             Capitalization. The total aggregate number of authorized Membership Interests of AIC is one (1). As of the date hereof,
one (1) Membership Interest are issued and outstanding. Except as set forth herein, all of the outstanding membership interest
of AIC are duly authorized, validly issued, fully paid and non-assessable, and have not been or, with respect to the AIC Membership
Interest, will not be transferred in violation of any rights of third parties. The AIC Membership Interests are not subject to
any preemptive or subscription right, any voting mist agreement or other contract, agreement arrangement, option, warrant, call,
commitment or other right of any character obligating or entitling AIC to issue, sell, redeem or repurchase any of its securities
that will survive Closing and there is no outstanding security of any kind convertible into or exchangeable for common shares.
The AIC Membership Interest are owned of record and beneficially by the Member and free and clear of any liens, claims, encumbrances,
or restrictions of any kind.

 

3.12             Taxes.
AK has filed all returns and reports which were required to be filed on or prior to the date hereof and has paid all
Taxes (and any related penalties, fines and interest) which have become due pursuant to such returns or reports or pursuant
to any assessment which has become payable. or, to the extent its liability for any Taxes (and any related penalties, fines
and interest) has not been fully discharged. the same have been properly reflected as a liability on the books and records of
NC and adequate reserves therefore have been established. All such returns and reports filed on or prior to the date hereof
have been properly prepared and are true, correct (and to the extent such returns reflect judgments made by AIC such
judgments were reasonable under the circumstances) and complete in all material respects. No extension for the filing of any
such return or report is currently in effect. No tax return or tax return liability of AIC has been audited or, presently
under audit. All taxes and any penalties, lines and interest which have been asserted to be payable as a result of any audits
have been paid. AIC has not given or been requested to give waivers of any statute of limitations relating to the payment of
any Taxes (or any related penalties, fines and interest). There are no claims pending for past due Taxes. All payments for
withholding taxes, unemployment insurance and other amounts required to be paid for periods prior to the date hereof to any
governmental authority in respect of employment obligations of AIC have been paid or shall be paid prior to the Closing and
have been duly provided for on the books and records of AIC and in the financial statements of AIC.

 

 

 

 

 

 

    	 	8	 

     

    

 

3.13             Indebtedness;
Contracts; No Defaults. Other than as set forth in Item 3.5 of the Disclosure Schedule, AIC has no material instruments, agreements.
indentures, mortgages. guarantees, notes, commitments, accommodations, letters of credit or other arrangements or understandings,
whether written or oral, to which AIC is a party.

 

3.14             Compliance
with Law. Except as specified in Item 3.6 of the Disclosure Schedule, AIC is conducting its business in material compliance
with all applicable law, ordinance, rule, regulation, court or administrative order, decree or process, or any requirement of
insurance carriers material to its business. Except as specified in Item 3.6 of the Disclosure Schedule, AIC has not received
any notice of violation or claimed violation of any such law, ordinance, rule, regulation, order, decree, process or requirement.

 

3.15             Litigation.

 

(a)             
There is no claim, dispute, action, suit, proceeding or investigation pending or threatened, against or affecting AIC or
challenging the validity or propriety of the transactions contemplated by this Agreement, at law or in equity or admiralty or before
any federal, state, local, foreign or other governmental authority, board, agency, commission or instrumentality, has any such
claim, dispute, action, suit, proceeding or investigation been pending or threatened, during the twelve (12) month period preceding
the date hereof, except as specified in Item 3.7 of the Disclosure Schedule;

 

(b)             
there is no outstanding judgment, order, writ, ruling, injunction, stipulation or decree of any court, arbitrator or federal,
state, local, foreign or other governmental authority, board, agency, commission or instrumentality, against or materially affecting
AIC; and

 

(c)             
AIC has not received any written or verbal inquiry from any federal, state, local. foreign or other governmental authority,
board, agency, commission or instrumentality concerning the possible violation of any law, rule or regulation or any matter disclosed
in respect of its business.

 

3.16             Conflict
of Interest. AIC acknowledges that it is aware and understands the following facts and circumstances that may, individually
or in the aggregate, create a conflict of interest:

 

(a)             
WestPark, a FINRA member, will be the placement agent for the Equity Financing and WestPark will be paid a commission of
the gross proceeds from the Equity Financing for its services;

 

(b)             
WestPark Financial Services LLC, which is the parent company of WestPark and of which Richard Rappaport controls and serves
as Chief Executive Officer and Chairman, is the sole stockholder of the Company beneficially holding 100% of the Company's issued
and outstanding Common Stock and Warrants (prior to the Share Exchange);

 

(c)             
Richard Rappaport, who is the founder and Chief Executive Officer of WestPark and indirectly holds a 100% interest in WestPark
is the President and a Director of the Company. and is a controlling stockholder of the Company beneficially holding a majority
of the Company's issued and outstanding Common Stock and Warrants (prior to the Share Exchange, consisting of the Common Stock
and Warrants held by WestPark Financial Services, LLC); and

 

 

 

 

 

 

    	 	9	 

     

    

 

(d)              AIC
hereby waives each and all of the Conflicts of Interest, in addition to any other conflicts of interest that may exist or arise
by virtue of the Conflicts of Interest and acknowledges that it has carefully read this Agreement, that it is consistent with
the terms previously negotiated by the Panics, and understands that it is free at any time to obtain independent counsel for further
guidance.

 

ARTICLE 4.

REPRESENTATION AND WARRANTIES OF THE
MEMBERS

 

The PRHL hereby represents and warrants
to the Company that now and/or as of the Closing:

 

4.1              Title to Membership Interest.
Each of the Members is the legal and beneficial owner of the TPC Membership Interests and AIC Membership Interests to be transferred
to the Company by such Members as set forth opposite each Member's name in Schedule II hereto, and upon consummation
of the Share Exchange contemplated herein, the Company will acquire from each of the Members good and marketable title to the
TPC Membership Interests and AIC Membership Interests, free and clear of all liens excepting only such restrictions hereunder
upon future transfers by the Company, if any, as may be imposed by applicable law. The information set forth on Schedule II
with respect to PRHL is accurate and complete.

 

4.2               Due Authorization. PRHL has all requisite
power and authority to execute and deliver this Agreement, and to consummate the transactions contemplated hereby and thereby.
This Agreement constitutes the valid and binding obligation of PRHL, enforceable against PRHL in accordance with its terms, except
as may be affected by bankruptcy, insolvency, moratoria or other similar laws affecting the enforcement of creditors' rights generally
and subject to the qualification that the availability of equitable remedies is subject to the discretion of the court before
which any proceeding therefore may be brought.

 

4.3               Purchase for Investment.

 

(a)              
PRHL is acquiring the Company Shares for investment for such PRHL's own account and not as a nominee or agent, and not
with a view to the resale or distribution of any part thereof, and PRHL has no present intention of selling, granting any participation
in, or otherwise distributing the same. PRHL further represents that he, she or it does not have any contract, undertaking, agreement
or arrangement with any person to sell, transfer or grant participation to such person or to any third person, with respect to
any of the Company Shares.

 

(b)             
PRHL understands that the Company Shares are not registered under the Securities Act on the ground that the sale and the
issuance of securities hereunder is exempt from registration under the Securities Act pursuant to Section 4(2) thereof. and that
the Company's reliance on such exemption is predicated on such PRHL's representations set forth herein.

 

4.4               Investment Experience. PRHL acknowledges
that he, she or it can bear the economic risk of its investment and has such knowledge and experience in financial and business
matters that he, she or it is capable of evaluating the merits and risks of the investment in the Company Shares.

 

4.5               Information. PRHL has carefully
reviewed such information as he. she or it deemed necessary to evaluate an investment in the Company Shares. To the full satisfaction
of PRHL, he, she or it has been furnished all materials that he, she or it has requested relating to the Company and the issuance
of the Company Shares hereunder, and each PRHL has been afforded the opportunity to ask questions of representatives of the Company
to obtain any information necessary to verify the accuracy of any representations or information made or given to him, her or
it. Notwithstanding the foregoing, nothing herein shall derogate from or otherwise modify the representations and warranties of
the Company set forth in this Agreement, on which PRHL has relied in making an exchange of the TPC Membership Interests and AIC
Membership Interests for the Company Shares.

 

 

 

 

 

 

    	 	10	 

     

    

 

4.6               Restricted Securities. PRHL understands
that the Company Shares may not be sold, transferred, or otherwise disposed of without registration wider the Securities Act or
an exemption therefrom, and that in the absence of an effective registration statement covering the Company Shares or any available
exemption from registration under the Securities Act, the Company Shares must be held indefinitely. Each Member is aware that
the Company Shares may not be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions of that
Rule are met. Among the conditions for use of Rule 144 may be the availability of current information to the public about the
Company.

 

4.7               Exempt Issuance. PRHL acknowledges
that he must assure the Company that the offer and sale of the Company Shares to PRHL qualifies for an exemption from the registration
requirements imposed by the Securities Act and from applicable securities laws of any state of the United States. Each Member
agrees that he qualifies as an "accredited investor," as that term is defined in Rule 501 of Regulation 1), promulgated
under the Securities Act.

 

ARTICLE 5.

COVENANTS

 

5.1               Further
Assurances. Each of the Parties shall use its reasonable commercial efforts to proceed promptly with the transactions contemplated
herein, to fulfill the conditions precedent for such Party's benefit or to cause the same to be fulfilled and to execute such
further documents and other papers and perform such further acts as may he reasonably required or desirable to carry out the provisions
of this Agreement and to consummate the transactions contemplated herein.

 

ARTICLE 6.

DELIVERIES

 

6.1               Items to be delivered to PRHL, prior
to or at Closing by the Company.

 

(a)             
Certificate of Incorporation and amendments thereto, By-laws and amendments thereto. and certificate of good standing of
the Company in Delaware;

 

(b)             
all applicable schedules hereto;

 

(c)             
all minutes and resolutions of board of director and stockholder meetings in possession of the Company;

 

(d)             
stockholder list;

 

(e)              
all financial statements and all tax returns in possession of the Company;

 

(f)               resolution
from the Company's Board of Directors appointing the designees of the Members to the Company's Board of Directors;

 

(g)               resolution
from the Company's Board of Directors, and if applicable, stockholder resolutions approving this transaction and authorizing the
issuances of the shares hereto;

 

 

 

 

 

 

    	 	11	 

     

    

 

(h)             
letters of resignation from the Company's current officers and directors to be effective upon Closing and after the appointments
described in this section. as requested by PRHL; and

 

(i)               
any other document reasonably requested by PRHL, that it deems necessary for the consummation of this transaction.

 

6.2               Items to be delivered to the Company
prior to or at Closing by TPC, AIC and PRHL 

 

(a)              
all applicable schedules hereto;

 

(b)              
instructions from the PRHL appointing their designees to the Company's Board of Directors;

 

(c)             
share certificates and duly executed instruments of transfer and bought and sold notes from the Members transferring the
TPC Membership Interests and AIC Membership Interests to the Company;

 

(d)             
resolutions from: (i) the Board of Directors of TPC and AIC and, if applicable, PRHL resolutions approving the transactions
contemplated hereby;

 

(e)             
payment of all liabilities of the Company of up to $10,000 directly out of the proceeds of the Equity Financing to the appropriate
creditors of the Company which shall include indebtedness owed to Company stockholders and fees owing to Company lawyers, accountants
and similar parties; and

 

(f)               any
other document reasonably requested by the Company that it deems necessary for the consummation of this transaction.

 

ARTICLE 7.

CONDITIONS PRECEDENT

 

7.1               Conditions Precedent to Closing. The
obligations of the Parties to consummate the transactions contemplated by this Agreement shall be and are subject to fulfillment,
prior to or at the Closing, of each of the following conditions:

 

(a)               Each
of the representations and warranties of the Parties contained herein shall be true and correct at the time of the Closing Date
as if such representations and warranties were made at such time except for changes permitted or contemplated by this Agreement;

 

(b)              The
Parties shall have performed or complied with all agreements. terms and conditions required by this Agreement to be performed or
complied with by them prior to or at the time of the Closing;

 

(c)             
The Company shall have affected and completed an initial closing of the Equity Financing of at least the Minimum Offering
Amount;

 

(d)             
The Company and WestPark shall have entered into a Placement Agent Agreement on mutually acceptable terms for WestPark's
engagement as the placement agent for the Equity Financing;

 

(e)              The
Share Exchange Agreements between the Company and Advanced E  Lighting, LLC and Rescom Energy, LLC shall have been fully
executed and delivered by the parties thereto; and

 

 

 

 

 

    	 	12	 

     

    

 

(f)                All agreements and documents
required to be executed and delivered at the initial closing of the Equity Financing pursuant to the Placement Agent Agreement
shall have been duly executed and delivered by the necessary persons and/or entities prior to the Closing.

 

(g)              TPC
Management Company, LLC shall be issued an aggregate of six million (6.000,000) shares of common stock of the Company for its
contribution of the Portal Technology and their appointment as officers and directors of the Company as of and at Closing.

 

7.2               Conditions to Obligations of the Member.
The obligations of PRHL shall be subject to fulfillment, prior to or at the Closing, of each of the following conditions:

 

(a)            
The Company shall have received all of the regulatory, stockholder and other third-party consents, permits, approvals and
authorizations necessary to consummate the transactions contemplated by this Agreement; and

 

(b)             
To the extent that the liabilities of the Company exceed $10,000 as of the Closing, the Company stockholders shall have
satisfied and paid such excess liabilities in full.

 

(c)             
The Member shall have received all of the regulatory, board of directors/managers. shareholders/members, and other third-party
consents, permits, approvals and authorizations necessary to consummate the transactions contemplated by this Agreement;

 

(d)             
The Company shall have obtained the evidence of waiver/cancellation the note issued by The Power Company USA LLC to Premier
Holding Corp. in the amount of approximately $3,076,500.

 

7.3               Conditions to Obligations of the Company.
The obligations of the Company shall be subject to fulfillment, prior to or at the Closing, of each of the following conditions:

 

(a)             
PRHL shall have received all of the regulatory, board of directors/managers, shareholders/members, and other third-party
consents, permits, approvals and authorizations necessary to consummate the transactions contemplated by this Agreement;

 

(b)             
PRHL shall have delivered to the Company the share certificates and duly executed instruments of transfer and bought and
sold notes from the Members transferring the TPC Membership Interests and AIC Membership Interests to the Company; and

 

(c)             
All liabilities of the Company up to $10,000 shall be paid directly out of the proceeds of the Equity Financing to the appropriate
creditors, which shall include indebtedness owed to the Company stockholders and fees owing to lawyers, accountants and similar
parties.

 

ARTICLE 8.

TERMINATION

 

8.1               Termination. This Agreement may
be terminated at any time before or at Closing by:

 

(a)             
The mutual agreement of the Parties;

 

(b)             
Any Party if:

 

 

 

 

 

 

    	 	13	 

     

    

 

(i)              
Any provision of this Agreement applicable to a Party shall be materially untrue or fail to be accomplished; or

 

(ii)            
Any legal proceeding shall have been instituted or shall be imminently threatening to delay, restrain or prevent the consummation
of this Agreement or

 

(iii)          
Any of the conditions set forth in Section 7.1, Section 7.2 or Section 7.3 shall not have been, or if it becomes apparent
that any of such conditions will not be, fulfilled by June 1, 2018.

 

Upon termination of
this Agreement for any reason, in accordance with the terms and conditions set forth in this paragraph, each said Party shall bear
all costs and expenses as each Party has incurred.

 

ARTICLE 9.

MISCELLANEOUS

 

9.1               Survival of Representations, Warranties
and Agreements. Each of the Parties hereto is executing and carrying out the provisions of this Agreement in reliance
upon the representations, warranties and covenants and agreements contained in this Agreement or at the closing of the transactions
herein provided for and not upon any investigation which it might have made or any representations, warranty, agreement, promise
or information, written or oral, made by the other Party or any other person other than as specifically set forth herein. Except
as specifically set forth in this Agreement, representations and warranties and statements made by a Party to in this Agreement
or in any document or certificate delivered pursuant hereto shall not survive the Closing Date, and no claims made by virtue of
such representations, warranties, agreements and covenants shall be made or commenced by any Party hereto from and after the Closing
Date.

 

9.2               Access to Books and Records. During
the course of this transaction through Closing, each Party agrees to make available for inspection all corporate books, records
and assets, and otherwise afford to each other and their respective representatives, reasonable access to all documentation and
other information concerning the business, financial and legal conditions of each other for the purpose of conducting a due diligence
investigation thereof. Such due diligence investigation shall be for the purpose of satisfying each Party as to the business,
financial and legal condition of each other for the purpose of determining the desirability of consummating the proposed transaction.
The Parties further agree to keep confidential and not use for their own benefit, except in accordance with this Agreement any
information or documentation obtained in connection with any such investigation.

 

9.3               Further Assurances. If at any time
after the Closing, the Parties shall consider or be advised that any further deeds, assignments or assurances in law or that any
other things are necessary, desirable or proper to complete the Share Exchange in accordance with the terms of this Agreement
or to vest, perfect or confirm, of record or otherwise. the title to any property or rights of the Parties hereto, the Parties
agree that their proper officers and directors shall execute and deliver all such proper deeds, assignments and assurances in
law and do all things necessary, desirable or proper to vest perfect or confirm title to such property or rights and otherwise
to carry out the purpose of this Agreement, and that the proper officers and directors of the Parties are fully authorized to
take any and all such action.

 

9.4               Notice. All communications, notices,
requests, consents or demands given or required under this Agreement shall be in writing and shall be deemed to have been duly
given when delivered to, or received by, prepaid registered or certified mail or recognized overnight courier addressed to, or
upon receipt of a facsimile sent to, the Party for whom intended, as follows, or to such other address or facsimile number as
may be furnished by such Party by notice in the manner provided herein:

 

 

 

 

 

    	 	14	 

     

    

 

Attention:

If to [TPC]

 

Address:

Attn:

Fax:

Email:

 

[Law Firm]

Attn:

Address:

Fax:

Email:

 

 

 

If to [AIC]:

 

Address: 1165
N Clark St., Suite 400, Chicago, IL 60610

Attn: Patrick
Farah

Fax: 800-864-4029

Email: pfarah@thepowercompany.com

 

[Law Firm]

Attn:

Address:

Fax:

Email:

 

If to [PRHL]:

Address: 1382 Valencia Ave, Suite F, Tustin, CA 92780

Attn: Randall Letcavage

Fax: (949) 666-6340

Email: rletcavage@prhlcorp.com

 

[Law Firm] Law Offices of Darryl C. Sheetz

Attn: Darryl C. Sheetz

Address: 335 Centennial Way, Suite 100, Tustin, CA 92780

Fax: (949) 553-0390

Email: dcsheetz@aol.com

 

If to the Company:

 

AOTS 42, INC.

1900 Avenue of the Stars. Suite 310

Los Angeles, CA 90067

Attn: Richard Rappaport

Fax: 310-843-9389

Email: r@wpcapital.com

 

 

 

    	 	15	 

     

    

 

With a copy to:

 

Julie E. Kamps, Esq.

1900 Avenue of the Stars, Suite 310

Los Angeles, CA 90067

Attn: Julie E. Kamps, Esq.

Fax: 310-843-9389

Email: jkamps@wpcfs.com

 

9.5               Entire Agreement. This Agreement, the
Disclosure Schedule and any instruments and agreements to be executed pursuant to this Agreement, sets forth the entire
understanding of the Parties hereto with respect to its subject matter, merges and supersedes all prior and contemporaneous understandings
with respect to its subject matter and may not be waived or modified, in whole or in part, except by a writing signed by each
of the Parties hereto. No waiver of any provision of this Agreement in any instance shall be deemed to be a waiver of the same
or any other provision in any other instance. Failure of any Party to enforce any provision of this Agreement shall not be construed
as a waiver of its rights under such provision.

 

9.6               Successors and Assigns. This Agreement
shall be binding upon, enforceable against and inure to the benefit of, the Parties and designees hereto and their respective
heirs, administrators, executors, personal representatives, successors and assigns, and nothing herein is intended to confer any
right, remedy or benefit upon any other person. This Agreement may not be assigned by any Party hereto except with the prior written
consent of the other Parties, which consent shall not be unreasonably withheld.

 

9.7               Governing Law. This Agreement shall
in all respects be governed by and construed in accordance with the laws of the State of Delaware are applicable to agreements
made and fully to be performed in such state, without giving effect to conflicts of law principles.

 

9.8               Counterparts.
This Agreement may be executed in multiple counterparts, which may be facsimiles, each of which shall be deemed an original.
but all of which together shall constitute one and the same instrument.

 

9.9               Construction. Headings contained in
this Agreement are for convenience only and shall not be used in the interpretation of this Agreement. References herein to Articles,
Sections and Exhibits are to the articles. sections and exhibits, respectively, of this Agreement. The Disclosure Schedule is
hereby incorporated herein by reference and made a part of this Agreement. As used herein, the singular includes the plural, and
the masculine, feminine and neuter gender each includes the others where the context so indicates.

 

9.10             Severability.
If any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, this Agreement
shall be interpreted and enforceable as if such provision were severed or limited, but only to the extent necessary to render such
provision and this Agreement enforceable.

 

[SIGNATURE PAGES FOLLOW]

 

 

 

    	 	16	 

     

    

 

IN WITNESS WHEREOF,
each of the parties hereto has executed this Agreement as of the date first set forth above.

 

	 	AOTS 42, INC.
	 	 
	 	 
	 	By: /s/ Richard Rappaport

        

	 	Name:     Richard Rappaport
	 	Title:       President
	 	 
	 	 
	 	THE POWER COMPANY USA, LLC
	 	 
	 	 
	 	By: /s/ Randall Letcavage
	 	Name:     Randall Letcavage
	 	Title:       CEO
	 	 
	 	 
	 	ADVANCED ILLUMINATING COMPANY, LLC
	 	 
	 	 
	 	By: /s/ Patrick Farah
	 	Name:     Patrick Farah
	 	Title:       Managing Partner
	 	 
	 	 
	 	PREMIER HOLDING CORPORATION
	 	 
	 	 
	 	By: /s/ Randall Letcavage
	 	Name:     Randall Letcavage
	 	Title:       CEO

 

 

 

    	 	17	 

     

    

 

SCHEDULE I

 

COMPANY SHARES TO BE ISSUED TO PRHL MEMBERS
AND/OR DESIGNEES

 

	Name	Number of Company Shares
	Premier Holding Corporation	19,250.000
	 	 
	 	 
	Total	19,250,000

 

 

 

 

 

 

 

 

 

    	 	18	 

     

    

 

SCHEDULE II

 

TPC MEMBERSHIP INTERESTS TO BE TRANSFERRED
TO COMPANY

 

	Name	Number/Percentage of TPC 

Membership Interests	Percent of TPC
	Premier
    Holding Corporation	 	100 %
	 	 	%
	 	 	 
	Total	 	100%

 

 

AIC MEMBERSHIP INTERESTS TO BE TRANSFERRED
TO COMPANY

 

	Name	Number/Percentage of AIC 

Membership Interests	Percent of AIC
	Premier
    Holding Commotion	 	100	%
	 	 	 	%
	 	 	 	 
	Total	 	100%

 

 

 

 

 

 

 

 

 

 

    	 	19	 

     

    

 

SCHEDULE
III

 

WestPark Capital Financial Services,
LLC Shares for Second Registration Statement*

 

	Name	Number of Company 

Shares	Number of Company 

Warrants
	WestPark Capital Financial Services, LLC	 	 
	 	 	 

 

 

 

 

 

 

 

 

 

    	 	20	 

     

    

 

DISCLOSURE SCHEDULE

 

ITEM 2.3 — CAPITALIZATION

 

The Company entered into a Share and Warrant Cancellation
Agreement with WestPark Capital Financial Services, Inc. as indicated in the Share Exchange Agreement.

 

ITEM 2.7 - INDEBTEDNESS; CONTRACTS; NO DEFAULTS

 

As set forth in the Financial Statements.

 

ITEM 3.1(b) - SUBSIDIARIES

 

	Subsidiaries	Jurisdiction of Organization
	N/A	N/A

 

ITEM 3.5 — MATERIAL INSTRUMENTS

 

Material agreements as described in the Confidential
Private Placement Memorandum have been provided to the Company.

 

ITEM 3.6 — COMPLIANCE WITH THE LAW

 

 

 

ITEM
3.7— LITIGATION

 

 

 

 

 

 

 

    	 	21	 

     

    

 

ADDENDUM

 

This Addendum (the “Addendum”) to a Membership Interest
and Exchange Contribution Agreement dated March 23, 2018 between AOTS 42, The Power Company, USA, L.L.C., American Illuminating
Company, L.L.C., and Premier Holding Corp. (the “Agreement”) is made effective as of October 15, 2018. Accordingly,
the Agreement is hereby amended as follows:

 

		1.	The signature on page 17 of the Agreement on behalf of The Power Company, LLC shall be signed by Patrick Farah, its Managing
Member,

 

		2.	Schedule III found on page iii of the Agreement shall be set forth as follows:

 

AOTS Shares for Second Registration Statement*

 

	Name	Number of Company Shares	Number of Company Warrants
	WestPark Capital Financial Services, LLC	2,900,000	7,096,390
	Gerry Martin	5,400,000	 

 

		3.	In all other respects, the Agreement shall remain the same.

 

BY:

 

	AOTS 42, INC	THE POWER COMPANY USA, LLC
	 	 
	Richard Rappaport	Patrick Farah
	 	 
	Signed: /s/ Richard Rappaport                   	Signed: /s/ Patrick Farah                            
	Title:  President	Title: Managing Member
	Dated: October 15, 2018	Dated: October 15, 2018
	 	 
	ADVANCED ILLUMINATING
COMPANY, LLC	PREMIER HOLDING CORPORATION
	 	 
	Patrick Farah	Randall Letcavage
	 	 
	Signed: /s/ Patrick Farah                            	Signed: /s/ Randall Letcavage                  
	Title: Managing Member	Title: CEO
	Date: October 15, 2018	Date: October 15, 2018

 

 

  

    	 	22

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