Document:

Agreement of Purchase and Sale

 Exhibit 10.1 
 AGREEMENT OF PURCHASE AND SALE 
 Between 
 X-RITE, INCORPORATED 
 and 
 TARGET CORPORATION 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
			
	ARTICLE 1	 	BASIC INFORMATION	  	1
			
	1.1	 	Certain Basic Terms	  	1
			
	1.2	 	Closing Costs	  	3
			
	1.3	 	Notice Addresses:	  	4
			
	ARTICLE 2	 	PROPERTY	  	4
			
	2.1	 	Property	  	4
			
	ARTICLE 3	 	EARNEST MONEY	  	5
			
	3.1	 	Deposit and Investment of Earnest Money	  	5
			
	3.2	 	Form; Failure to Deposit	  	5
			
	3.3	 	Disposition of Earnest Money.	  	5
			
	ARTICLE 4	 	DUE DILIGENCE AND GOVERNMENTAL APPROVALS	  	7
			
	4.1	 	Due Diligence Materials	  	7
			
	4.2	 	Physical Due Diligence	  	7
			
	4.3	 	Due Diligence/Termination Right	  	8
			
	4.4	 	Return of Documents and Reports	  	8
			
	4.5	 	Intentionally Deleted	  	8
			
	4.6	 	Proprietary Information; Confidentiality	  	8
			
	4.7	 	No Representation or Warranty by Seller	  	9
			
	4.8	 	Buyer’s Responsibilities	  	9
			
	4.9	 	Buyer’s Agreement to Indemnify	  	9
			
	4.10	 	Intentionally Deleted	  	9
			
	4.11	 	Governmental Approvals	  	9
			
	4.12	 	Governmental Approvals Termination Right	  	10
			
	ARTICLE 5	 	TITLE AND SURVEY	  	10
			
	5.1	 	Title Report	  	10
			
	5.2	 	New or Updated Survey	  	11
			
	5.3	 	Title Review	  	11
			
	5.4	 	Permitted Exceptions	  	12
			
	5.5	 	Delivery of Title Policy at Closing	  	12
			
	ARTICLE 6	 	OPERATIONS AND RISK OF LOSS	  	12
			
	6.1	 	Ongoing Operations	  	12
			
	6.2	 	Condemnation	  	12
			
	ARTICLE 7	 	CLOSING	  	13
			
	7.1	 	Closing	  	13
			
	7.2	 	Conditions to Parties’ Obligation to Close	  	13
			
	7.3	 	Seller’s Deliveries in Escrow	  	14
			
	7.4	 	Buyer’s Deliveries in Escrow	  	14
			
	7.5	 	Closing Statements	  	15
	7.6	 	Purchase Price	  	15

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	7.7	  	Possession	  	15
			
	7.8	  	Delivery of Books and Records	  	15
			
	 ARTICLE 8
	  	PRORATIONS; DEPOSITS; COMMISSIONS	  	15
			
	8.1	  	Prorations	  	15
			
	8.2	  	Closing Costs	  	16
			
	8.3	  	Final Adjustment After Closing	  	16
			
	8.4	  	Commissions	  	17
			
	ARTICLE 9	  	REPRESENTATIONS AND WARRANTIES	  	17
			
	9.1	  	Seller’s Representations and Warranties	  	17
			
	9.2	  	Buyer’s Representations and Warranties	  	19
			
	9.3	  	Seller’s Covenants	  	20
			
	9.4	  	Survival of Representations and Warranties	  	20
			
	ARTICLE 10	  	DEFAULT AND REMEDIES	  	21
			
	10.1	  	Seller’s Remedies	  	21
			
	10.2	  	Buyer’s Remedies	  	21
			
	10.3	  	Attorneys’ Fees	  	22
			
	10.4	  	Other Expenses	  	22
			
	ARTICLE 11	  	DISCLAIMERS; RELEASE AND INDEMNITY	  	22
			
	11.1	  	Disclaimers By Seller	  	22
			
	11.2	  	Sale “As Is, Where Is.”	  	23
			
	11.3	  	Intentionally Deleted	  	23
			
	11.4	  	“Hazardous Materials” Defined	  	23
			
	11.5	  	Intentionally Deleted	  	23
			
	11.6	  	Limitation of Liability	  	23
			
	11.7	  	Cost of Environmental Remediation	  	24
			
	11.8	  	Survival	  	24
			
	ARTICLE 12	  	MISCELLANEOUS	  	25
			
	12.1	  	Binding Effect	  	25
			
	12.2	  	Headings	  	25
			
	12.3	  	Invalidity and Waiver	  	25
			
	12.4	  	Governing Law	  	25
			
	12.5	  	Survival	  	25
			
	12.6	  	Entirety and Amendments	  	25
			
	12.7	  	Time	  	25
			
	12.8	  	Intentionally Deleted	  	25
			
	12.9	  	Notices	  	25
			
	12.10	  	Construction	  	26
			
	12.11	  	Calculation of Time Periods	  	26
			
	12.12	  	Execution in Counterparts	  	26

  

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 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
			
	12.13	  	No Recordation	  	26
			
	12.14	  	Further Assurances	  	26
			
	12.15	  	Discharge of Obligations	  	26
			
	12.16	  	No Third Party Beneficiary	  	27
			
	12.17	  	Tax Deferred Exchange	  	27

  

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 LIST OF DEFINED TERMS 
  

			
	 	  	Page
		
	 Agreement
	  	1
		
	 Anti-Terrorism Order
	  	19, 20
		
	 Broker
	  	17
		
	 Buyer’s Title Objection Notice
	  	11
		
	 Closing
	  	13
		
	 Deed
	  	14
		
	 Earnest Money
	  	1
		
	 Excluded Documents
	  	7
		
	 Excluded Property
	  	5
		
	 Extension Period
	  	2
		
	 Extension Period Earnest Money Deposit
	  	1
		
	 Governmental Approvals
	  	10
		
	 Governmental Approvals Earnest Money Deposit
	  	1
		
	 Governmental Approvals Period
	  	3
		
	 Hazardous Materials
	  	23
		
	 Improvements
	  	4
		
	 Initial Earnest Money Deposit
	  	1
		
	 Initial Governmental Approvals Period
	  	2
		
	 Intangible Personal Property
	  	5
		
	 Land
	  	4
		
	 Permitted Exceptions
	  	12
		
	 Property
	  	4
		
	 Property Documents
	  	7
		
	 Real Property
	  	4
		
	 Reports
	  	8
		
	 Road Improvement Project
	  	16
		
	 Seller’s Notice Period
	  	11
		
	 Seller’s Title Notice
	  	11
		
	 Survey
	  	11
		
	 Survival Period
	  	20
		
	 Title Commitment
	  	10
		
	 Title Documents
	  	10
		
	 Title Objection
	  	11
		
	 Title Objections
	  	11
		
	 Title Policy
	  	12

  

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 AGREEMENT OF PURCHASE AND SALE 
 This Agreement of Purchase and Sale (“Agreement”) is made and entered into by and between Buyer and Seller and is dated for reference
purposes as of September 12, 2006. 
 R E C I T A L S: 
 A. Defined terms are indicated by initial capital letters. Defined terms shall have the meanings set forth herein, whether or not such terms are used
before or after the definitions are set forth. 
 B. Buyer desires to purchase the Property and Seller desire to sell the Property, all upon
the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual terms, provisions, covenants and
agreements set forth herein, as well as the sums to be paid by Buyer to Seller, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, Buyer and Seller agree as follows: 
 ARTICLE 1 
 BASIC INFORMATION

 1.1 Certain Basic Terms. The following defined terms shall have the meanings set forth below: 
 1.1.1 Seller: X-RITE, INCORPORATED, a Michigan corporation. 
 1.1.2 Buyer: TARGET CORPORATION, a Minnesota corporation. 
 1.1.3 Purchase Price: Thirteen
Million Nine Hundred Fifty Thousand and No/100 Dollars ($13,950,000.00). 
 1.1.4 Earnest Money: (i) One Hundred Thousand and
No/100 Dollars ($100,000.00) (the “Initial Earnest Money Deposit”); (ii) if applicable, an additional One Hundred Thousand and No/100 Dollars ($100,000.00) (the “Governmental Approvals Earnest Money Deposit”);
and, (iii) if applicable, a maximum of three (3) additional deposits of Twenty-Five Thousand and No/100 Dollars ($25,000.00) each (each an “Extension Period Earnest Money Deposit” and together with the Initial Earnest
Money Deposit and the Governmental Approvals Earnest Money Deposit, collectively the “Earnest Money”), to be deposited in accordance with Section 3.1 below, plus interest thereon, pursuant to Section 3.1.

  

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	1.1.5 Title Company:	  	 Chicago Title Insurance Company
 Piper Jaffray Tower,
Suite 3250
 222 South Ninth Street
 Minneapolis, MN
55402
 Attention: Paulette Stevenson
 Telephone No.: (612)
573-2585 Facsimile No.: (612) 339-6743

		
	1.1.6 Escrow Agent:	  	 Chicago Title of Michigan
 3819 Rivertown Parkway SW,
Suite 700
 Grandville, MI 49418
 Attention: Hollie
Smith
 Telephone No.: (616) 257-3103 Ext. 1501 Facsimile No.: (616) 257-3104

		
	1.1.7 Broker:	  	 Urban Properties, Inc.
 26677 West Twelve Mile Road
Southfield, MI 48034
 Attention: Bennett S. Terebelo
 Telephone
No.: (248)-386-9991 Facsimile No.: (248)-386-9992

 1.1.8 Effective Date: The date on which this Agreement is executed by the latter to sign of
Buyer or Seller, as indicated on the signature page of this Agreement. 
 1.1.9 Title Commitment and Survey Delivery Date. The date
which is fifteen (15) days after the Effective Date. 
 1.1.10 Title and Survey Review Period: The period beginning on the Title
Commitment and Survey Delivery Date and ending thirty (30) days after the Title Commitment and Survey Delivery Date. 
 1.1.11
Inspection Period: The period beginning on the Effective Date and ending seventy five (75) days after the Effective Date. 
 1.1.12 Governmental Approvals Period: The period beginning on the first day following the end of the Inspection Period and ending two hundred twenty five (225) days after the Effective Date (the “Initial Governmental
Approvals Period”); provided, however, so long as Buyer is diligently and continuously pursuing its required Governmental Approvals pursuant to Section 4.11, if Buyer has not obtained all Governmental Approvals on or before the
end of Initial Governmental Approvals Period, then Buyer may elect to extend the period for Governmental Approvals for up to three (3) consecutive periods of sixty (60) days each (each, an “Extension Period”) by giving
written notice to Seller and Escrow Agent of each such extension at least three (3) business days prior to the commencement of the next applicable Extension Period (each, an “Extension Period Continuation Notice”). Each such
notice extending the 
  

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 period for obtaining Governmental Approvals shall contain a certification by Buyer’s Real Estate Manager for the
State of Michigan that, despite Buyer’s diligent efforts to timely obtain such Governmental Approvals, it was not able to do so and that the extension of time is necessary. In order for Buyer’s exercise of its right to extend the period
for obtaining Governmental Approvals to become effective Buyer shall deposit into escrow with Escrow Agent prior to the commencement of the applicable Extension Period the amount of Twenty-Five Thousand and No/100 Dollars ($25,000.00), which upon
deposit with Escrow Agent shall constitute an Extension Period Earnest Money Deposit. The Initial Governmental Approvals Period and, if Buyer properly exercises its extension rights hereunder with respect to any Extension Period, the applicable
Extension Periods are collectively referred to as the “Governmental Approvals Period”). 
 1.1.13 Closing Date:
Provided this Agreement has not previously terminated as provided herein, (a) the date which is the earlier of (i) the 30th day following the date that Buyer delivers the Governmental Approvals Continuation Notice, and (ii) the 405th
day following the Effective Date, both inclusive; or (b) a date mutually agreed to by Seller and Buyer, whichever is earlier. 
 1.2
Closing Costs. Closing costs shall be allocated and paid as follows: 
  

			
	 Cost
	  	Responsible Party
		
	Title Commitment required to be delivered pursuant to Section 5.1	  	Seller
		
	Premium for standard coverage ALTA Owner’s Policy of Title Insurance required to be delivered pursuant to Section 5.5, including premium for any costs of Title Policy
attributable to ALTA Extended Coverage, endorsements deleting creditor’s rights and arbitration provisions of said policy, access and, if applicable, contiguity endorsements, and any abstracting, search or service charges and any inspection fee
charged by the Title Company in relation to the issuance of the Title Commitment	  	Seller
		
	Premium for any costs of Title Policy attributable to any other endorsements desired by Buyer	  	Buyer
		
	Cost of new or updated Survey and/or any revisions, modifications or recertifications thereto	  	Buyer
		
	Recording Fees – release of Unpermitted Title Exceptions	  	Seller
		
	All other Recording Fees	  	Buyer
		
	State/County documentary transfer taxes	  	Seller
		
	Any escrow fee charged by Escrow Agent for holding the Earnest Money or conducting the Closing	  	Buyer  1/2
Seller  1/2

  

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	 Cost
	  	Responsible Party
	All levied and/or pending assessments and all financial encumbrances applicable to the Property at time of Closing, including but not limited to deferred taxes, “roll-back” taxes, or
similar taxes which relate to prior years that become payable (directly or indirectly) as a result of this transaction (except as expressly provided for otherwise in Section 8.1.1)	  	Seller
		
	Real Estate Sales Commission to Broker	  	Seller

 1.3 Notice Addresses: 
  

							
	 Buyer:
	 	 TARGET CORPORATION
 Property Development
 Attn: Real Estate – Existing Stores/
 Purchase Agreement/ Grandville, MI
Minneapolis, MN 55403
 Facsimile: (612) 761-3727
	  	 Copy to:
	  	 TARGET CORPORATION
 Attn: Bill Underwood, Esq.

1000 Nicollet Mall
 TPS-3155
 Minneapolis, MN 55403
 Telephone: (612) 696-1123
 Facsimile: (612) 696-8309

				
	Seller:	 	 X-Rite, Incorporated
 3100 44th Street SW
 Grandville, MI 49418
 Attn: Jeffrey Smolinski
 Telephone: (616) 257-2230
 Facsimile: (616) 318-9050
	  	Copy to:	  	 McDermott Will & Emery LLP
 227 West Monroe
Street
 Chicago, IL 60606
 Attn: Gerald M. Offutt,
P.C.
 Telephone: (312) 984-7662
 Facsimile: (312)
984-7700

 ARTICLE 2 
 PROPERTY 
 2.1 Property. Subject to the terms and conditions of this Agreement, Seller
agree to sell to Buyer, and Buyer agrees to purchase from Seller, the following property (collectively, the “Property”): 
 2.1.1 Real Property. The land described in Exhibit A attached hereto (the “Land”), together with (i) all improvements and fixtures located thereon (“Improvements”), (ii) all and
singular the rights, benefits, privileges, easements, tenements, hereditaments, and appurtenances thereon or in anywise appertaining thereto, and (iii) without warranty, all right, title, and interest of Seller, if any, in and to all strips and
gores and any land lying in the bed of any street, road or alley, open or proposed, adjoining such Land (collectively, the “Real Property”). The Real Property contains approximately 35.59 acres of land and is located at 3050 and
3100 44th Street SW, Grandville, Kent County, Michigan. 
  

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 2.1.2 Intangible Personal Property. All of Seller’s right, title and interest, if any,
without warranty, in the following intangible personal property related to the Real Property and the Improvements, all to the extent assignable: the plans and specifications and other architectural and engineering drawings for the Improvements, if
any; warranties, if any; and governmental permits, approvals and licenses, if any (collectively, the “Intangible Personal Property”). 
 2.1.3 Excluded Property. Notwithstanding anything to the contrary contained herein, Property shall not include: (a) any fixtures located on the Real Property which Seller removes prior to February 1,
2007 at its sole expense; and (b) any fixtures located on the Real Property which Seller reserves the right to remove at its sole expense prior to Closing that are included on a list (the “Excluded Property List”) that Seller may
provide to Buyer on or before February 1, 2007 (collectively, the “Excluded Property”). 
 ARTICLE 3 

EARNEST MONEY 
 3.1
Deposit and Investment of Earnest Money. Within five (5) business days after the Effective Date, Buyer shall deposit the Initial Earnest Money Deposit with Escrow Agent. If Buyer has delivered the Due Diligence Continuation Notice in
accordance with Section 4.3 and this Agreement has not therefore been terminated, Buyer shall deposit the Governmental Approvals Earnest Money Deposit with Escrow Agent. If pursuant to Section 1.1.12 Buyer elects to extend
the then applicable Governmental Approvals Period for an Extension Period, Buyer shall deposit the Extension Period Earnest Money Deposit with Escrow Agent. Upon receipt of funds paid toward the Earnest Money, the Escrow Agent is hereby directed to
invest the same in the following interest-bearing account, or another interest-bearing account acceptable to Buyer: Goldman Sachs, FS Money Market Fund #474, Contact: Greg Romano at (312) 655-5507. Interest earned on said funds shall be
considered to be part of the Earnest Money and shall be disbursed accordingly. Such account shall have no penalty for early withdrawal, and Buyer accepts all risks with regard to such account, including any escrow or investment fees, if any.

 3.2 Form; Failure to Deposit. The Earnest Money shall be in the form of a certified or cashier’s checks or the wire transfer
to Escrow Agent of immediately available U.S. federal funds. If Buyer fails to timely deposit any portion of the Earnest Money within the time period required, Seller may terminate this Agreement by written notice to Buyer. If such termination
results from Buyer’s failure to timely deposit any of the Earnest Money, the parties hereto shall have no further rights or obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof.

 3.3 Disposition of Earnest Money. 
 3.3.1 The Earnest Money shall be applied as a credit to the Purchase Price at Closing. However, if Buyer elects to terminate this Agreement on or before the expiration of the Inspection Period by failing to deliver a Due Diligence
Continuation Notice pursuant to Section 4.3, Escrow Agent shall pay the entire Earnest Money to Buyer within one (1) business day following the expiration of the Inspection Period (as long as the current investment can be

  

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 liquidated and disbursed in one business day). No notice to Escrow Agent from Seller shall be required for the release of
the Earnest Money to Buyer by Escrow Agent if Buyer terminates this Agreement pursuant to Section 4.3. 
 3.3.2 If Buyer elects
to terminate this Agreement after the expiration of the Inspection Period and prior to the expiration of the Initial Governmental Approvals Period by failing to deliver an Extension Period Continuation Notice pursuant to Section 4.12,
Escrow Agent shall: (a) pay the entire Initial Earnest Money Deposit to Seller within one (1) business day following the expiration of the Initial Governmental Approvals Period (as long as the current investment can be liquidated and
disbursed in one business day); and (b) pay the entire Governmental Approvals Earnest Money Deposit to Buyer within one (1) business day following the expiration of the Initial Governmental Approvals Period (as long as the current
investment can be liquidated and disbursed in one (1) business day). No further notice to Escrow Agent from Buyer shall be required for the release of the Initial Earnest Money Deposit to Seller by Escrow Agent and no further notice to Escrow
Agent from Seller shall be required for the release of the Governmental Approvals Earnest Money Deposit to Buyer by Escrow Agent if Buyer terminates this Agreement pursuant to Section 4.12. 
 3.3.3 If Buyer elects to terminate this Agreement at any point after the expiration of the Initial Governmental Approvals Period by failing to deliver an
Extension Period Continuance Notice pursuant to Section 4.12, Escrow Agent shall pay the Earnest Money to Seller within one (1) business day following the expiration of the applicable Extension Period (as long as the current
investment can be liquidated and disbursed in one (1) business day). No further notice to Escrow Agent from Buyer shall be required for the release of the Earnest Money to Seller by Escrow Agent if Buyer terminates this Agreement pursuant to
Section 4.12. 
 3.3.4 Notwithstanding anything in this Agreement to the contrary, in the case of a termination of this Agreement
by Buyer at any time pursuant to Section 10.2 hereof, Escrow Agent shall pay the entire Earnest Money to Buyer. If Buyer timely delivers the Due Diligence Continuation Notice, the Initial Earnest Money Deposit shall become non-refundable
except as expressly provided for otherwise in this Agreement, including but not limited to a termination of this Agreement by Buyer pursuant to Section 5, Section 6.2, or Section 10.2 hereof. If Buyer timely
delivers an Extension Period Continuation Notice, the Earnest Money deposited by Buyer prior to the date of such delivery shall become non-refundable except as expressly provided for otherwise in this Agreement, including but not limited to a
termination of this Agreement by Buyer pursuant to Section 6.2 or Section 10.2 hereof. In the event of a termination of this Agreement by either Seller or Buyer for any reason other than pursuant to Sections 4.3,
4.12, Section 5, or Section 6.2, Escrow Agent is authorized to deliver the applicable Earnest Money to the party hereto entitled to same pursuant to the terms hereof on the tenth (10th) business day following
receipt by Escrow Agent and the non-terminating party of written notice of such termination from the terminating party, unless prior to said tenth (10th) business day following receipt by Escrow Agent and the non-terminating party of such
notice of termination the other party hereto notifies Escrow Agent that it disputes the right of the other party to receive the Earnest Money. In such event, Escrow Agent may interplead the Earnest Money into a court of competent jurisdiction in the
county in which the Earnest Money has been deposited. All attorneys’ fees and costs and Escrow Agent’s costs and expenses incurred in connection with such interpleader shall be assessed against the party that is not awarded the Earnest
Money, or if the Earnest Money is distributed in part to both parties, then in the inverse proportion of such distribution. 
  

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 ARTICLE 4 
 DUE DILIGENCE AND GOVERNMENTAL APPROVALS 
 4.1 Due Diligence Materials. Within ten
(10) days after the Effective Date, Seller shall deliver to Buyer any information (for example, any surveys, plans, reports, test results, permits or tank registrations, and title policies) Seller has within its reasonable control regarding the
Property including the environmental condition and/or any subterranean structures or utilities which may be present on the Property. Seller agrees that following said initial submission of information to Buyer, throughout the term of this Agreement
Seller shall continue to deliver to Buyer all such information obtained by Seller or within Seller’s reasonable control promptly after Seller receives or obtains reasonable control over the same. All documents delivered to Buyer pursuant to
this Section 4.1 shall sometimes be referred to collectively herein as the “Property Documents”. Notwithstanding anything in this Section 4.1 to the contrary, Seller shall have no obligation to deliver to
Buyer any of the Excluded Documents. As used herein, “Excluded Documents” shall mean any documents involving any purchase and escrow agreements and correspondence pertaining to Seller’s acquisition of the Property (other than
documents pertaining to the physical or environmental condition of the Real Property), any documents pertaining to the potential acquisition of the Property by any past or prospective purchasers (other than documents relating to the physical or
environmental condition of the Real Property), any third party purchase inquiries and correspondence, appraisals of the Property, and internal budgets or financial projections (other than documents relating to the physical or environmental condition
of Real Property). 
 4.2 Physical Due Diligence. Commencing on the Effective Date and continuing until the Closing Date (or earlier
termination of this Agreement), Buyer, its employees, agents, consultants and contractors shall have reasonable access to the Property at all reasonable times during normal business hours, for the purpose of conducting reasonably necessary tests,
including surveys and architectural, engineering, soil tests, hydrology tests, percolation tests, geotechnical and environmental inspections and tests, provided that (i) Buyer must give Seller forty-eight (48) hours’ prior telephone
or written notice of any such inspection or test, (ii) prior to performing any inspection or test, Buyer must deliver a certificate of insurance to Seller evidencing that Buyer and its contractors, agents and representatives have in place
reasonable amounts of comprehensive general liability insurance and workers compensation insurance for its activities on the Real Property in terms and amounts reasonably satisfactory to Seller covering any accident arising in connection with the
presence of Buyer, its contractors, agents and representatives on the Real Property, which insurance shall name Seller as an additional insured thereunder, and (iii) all such tests shall be conducted by Buyer in compliance with Buyer’s
responsibilities set forth in this Article 4. Buyer shall bear the cost of all such inspections or test. Buyer shall have no responsibility to Seller, and Seller hereby releases Buyer from liability for any damage to persons or property or
any release arising out of existing environmental conditions or subterranean structures or utilities that were known to the Seller and not disclosed to Buyer. Soil, rock, water, asbestos, and other samples taken from the Real Property shall remain
the property of Seller. At Seller’s request, Buyer will cooperate with Seller with respect to Seller’s decisions 
  

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 regarding the lawful disposal of any contaminated samples, and Buyer further agrees to reimburse Seller for (or pay on
Seller’s behalf) reasonable costs associated with the lawful disposal of such samples. In any case, Seller shall be required to sign any manifests and any other documents required in connection with the disposal of contaminated samples. If
Seller is not willing to sign the required documentation, Buyer’s only obligation with respect to contaminated samples shall be to return the same to Seller. The terms of this Section 4.2 shall survive Closing or termination of this
Agreement, as the case may be. 
 4.3 Due Diligence/Termination Right. Buyer shall have through the last day of the Inspection Period
in which to examine, inspect, and investigate: (i) the Property Documents, (ii) the physical and environmental condition of the Property, and (iii) the marketability of the Property and the feasibility of Buyer’s intended use for
the Property. On the first calendar day after the Inspection Period, this Agreement shall automatically terminate unless Buyer has previously provided written notice to Escrow Agent and Seller of Buyer’s intent to continue this Agreement (the
“Due Diligence Continuation Notice”). If Buyer delivers such Due Diligence Continuation Notice, this Agreement shall continue in full force and effect and Buyer shall be deemed to have waived its right to terminate this Agreement
pursuant to this Section 4.3, and Buyer shall be deemed to have acknowledged that it has conducted all inspections and tests of the Property that it considers important; provided, however, Seller shall not take or authorize, directly or
indirectly, any action that modifies or changes in any material respect the circumstances upon which the conditions set forth in this Section 4.3 were deemed satisfied or waived by Buyer. 
 4.4 Return of Documents and Reports. If this Agreement terminates for any reason other than Seller’s default hereunder, Buyer shall promptly
return and/or deliver to Seller all Property Documents and copies thereof. Additionally, if this Agreement terminates pursuant to Section 10.1, then Buyer must deliver to Seller copies of all third party reports, investigations, and
studies pertaining to the Real Property, other than economic analysis (collectively, the “Reports” and, individually, a “Report”) prepared for Buyer in connection with its due diligence review of the Property. The
Reports shall be delivered to Seller without any representation or warranty as to the completeness or accuracy of the Reports or any other matter relating thereto, and Seller shall have no right to rely on any Report without the written consent of
the party preparing same. Buyer’s obligations under this Section 4.4 shall survive the termination of this Agreement. 
 4.5
Intentionally Deleted. 
 4.6 Proprietary Information; Confidentiality. Buyer acknowledges that the Property Documents are
proprietary and confidential and will be delivered to Buyer or made available for Buyer’s review solely to assist Buyer in determining the feasibility of purchasing the Property. Buyer shall not use the Property Documents for any purpose other
than as set forth in the preceding sentence. Buyer shall not release this information to any third parties (other than its attorneys, accountants, engineers, architects and environmental consultants) without Seller’s express written consent
unless legally compelled. In permitting Buyer to review the Property Documents or any other information, Seller has not waived any privilege or claim of confidentiality with respect thereto, and no third party benefits or relationships of any kind,
either express or implied, have been offered, intended or created. 
  

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 4.7 No Representation or Warranty by Seller. Buyer acknowledges that, except as expressly set
forth in this Agreement, Seller has not made any warranty or representation regarding the truth, accuracy or completeness of the Property Documents or the source(s) thereof. Buyer further acknowledges that some if not all of the Property Documents
were prepared by third parties other than Seller. Seller has not undertaken any independent investigation as to the truth, accuracy or completeness of the Property Documents and is providing the Property Documents or making the same available for
Buyer’s review solely as an accommodation to Buyer. 
 4.8 Buyer’s Responsibilities. In conducting any inspections,
investigations or tests of the Property and/or Property Documents, Buyer and its agents and representatives shall: (i) not unreasonably disturb Seller or its employees or unreasonably interfere with their use of the Property; (ii) not
unreasonably interfere with the operation and maintenance of the Property; (iii) not damage any part of the Property or any personal property owned or held by Seller or its employees or any third party; (iv) not injure or otherwise cause
bodily harm to Seller, or its agents, guests, invitees, contractors and employees; (v) comply with all applicable laws; (vi) promptly pay when due the costs of all tests, investigations, and examinations done with regard to the Property;
(vii) not permit any liens to attach to the Property by reason of the exercise of its rights hereunder; (viii) repair any damage to the Real Property resulting directly or indirectly from any such inspection or tests reasonable wear and
tear excluded; and (ix) not reveal or disclose prior to Closing any information obtained by Buyer prior to Closing concerning the Property and the Property Documents except as set forth in Section 4.6 above, or except as may be
otherwise required by law. 
 4.9 Buyer’s Agreement to Indemnify. Buyer indemnifies and holds Seller harmless from and against
any and all liens, claims, causes of action, damages, liabilities and expenses (including reasonable attorneys’ fees) arising out of Buyer’s negligence or willful misconduct or that of its employees, agents, consultants or contractors in
performing its inspections or tests of the Property or any violation of the provisions of Sections 4.2, 4.6 and 4.8; provided, however, the indemnity shall not extend to protect Seller from any pre-existing liabilities for
matters merely discovered by Buyer (e.g., latent environmental contamination) so long as Buyer’s actions do not aggravate any pre-existing liability of Seller. Buyer’s obligations under this Section 4.9 shall survive the
termination of this Agreement and shall survive the Closing. 
 4.10 Intentionally Deleted. 
 4.11 Governmental Approvals. The obligation of Buyer to close the transaction contemplated by this Agreement is subject to the satisfaction of the
following conditions, at Buyer’s sole and absolute discretion, with respect to the Property: 
 4.11.1 During the Governmental Approvals
Period, as it may be extended pursuant to Section 1.1.12, Buyer shall (a) obtain approval from Buyer’s Capital Expenditure Committee for the transaction contemplated by this Agreement; and (b) obtain the valid, effective,
unconditional, and final enactment or issuance of the approval by or from the City of Grandville and other appropriate government agencies of (i) an ordinance zoning the Property, including all necessary variations, special use permits, site
plan approvals, sign approvals and/or governmental approvals deemed necessary by Buyer in its sole and absolute discretion for the 
  

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 development of the Real Property; (ii) final plat or subdivision approval, final site plan and engineering approval
for the Property (in form and substance satisfactory to Buyer in its sole and absolute discretion); and (iii) final environmental approvals or permits (collectively referred to as the “Governmental Approvals”). For purposes of
this Agreement, special use permits, variances, platting and subdivision and other forms of governmental and quasi-governmental approvals shall be deemed to have been obtained when the same are issued and outstanding without being subject to
conditions (unless approved in writing by Buyer) and the time periods for appeal of the same have expired without contest. 
 4.11.2
Intentionally Deleted. 
 4.11.3 Seller shall reasonably cooperate with and assist Buyer in obtaining the Governmental Approvals, and,
without limiting the foregoing, shall provide consents, attend hearings or meetings, and execute applications, petitions and such other instruments as Buyer may reasonably request in connection with the Governmental Approvals; provided that such
Governmental Approvals shall not take effect until and unless Buyer has closed on the purchase of the Property. Notwithstanding anything to the contrary contained herein, in connection with Buyer’s efforts to obtain any Governmental Approvals
or otherwise, Seller shall not be required to incur any expense or any other liabilities and Buyer shall indemnify Seller from and against any such liabilities, which obligations of Buyer shall survive the Closing or the termination of this
Agreement. 
 4.12 Governmental Approvals Termination Right. Notwithstanding anything to the contrary in this Agreement, on the first
calendar day after the Initial Governmental Approvals Period or each Extension Period, as the case may be, this Agreement shall automatically terminate unless Buyer has previously provided written notice to Escrow Agent and Seller of Buyer’s
intent to continue this Agreement (each, an “Extension Period Continuation Notice”). If Buyer delivers such Extension Period Continuation Notice, this Agreement shall continue in full force and effect. On the first calendar day
after the Governmental Approvals Period, this Agreement shall automatically terminate unless Buyer has previously provided written notice to Escrow Agent and Seller of Buyer’s intent to continue this Agreement (the “Governmental
Approvals Continuation Notice”). If Buyer timely delivers a Governmental Approvals Continuation Notice, this Agreement shall continue in full force and effect and Buyer shall be deemed to have waived its right to terminate this Agreement
pursuant to this Section 4.12; provided, however, Seller shall not take or authorize, directly or indirectly, any action that modifies or changes in any material respect the circumstances upon which the conditions set forth in this
Section 4.12 were deemed satisfied or waived by Buyer. 
 ARTICLE 5 
 TITLE AND SURVEY 
 5.1 Title
Report. On or prior to Title Commitment Delivery Date, Seller shall deliver or instruct the Title Company to deliver to Buyer: (i) a current commitment for a standard coverage ALTA owner’s policy on the Title Company’s ALTA Form
B-1970-revised 10/17/70 (the “Title Commitment”) issued by the Title Company, and (ii) copies of all documents of record referred to in the Title Commitment as exceptions to title to the Real Property (“Title
Documents”). 
  

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 5.2 New or Updated Survey. Seller has heretofore delivered to Buyer as part of the Property
Documents the existing ALTA/ASCM Land Title Survey of the Real Property prepared by Exxel Engineering Inc. (revised October 20, 2005). Buyer may elect to obtain a new survey or revise, modify, or re-certify an existing survey
(“Survey”) as necessary in order for the Title Company to delete the survey exception from the Title Policy or to otherwise satisfy Buyer’s objectives. 
 5.3 Title Review. During the Title and Survey Review Period, Buyer shall review title to the Real Property as disclosed by the Title Commitment
and the Survey. All matters shown in the Title Commitment, the Title Documents and the Survey (if any) which are not objected to by Buyer by delivery of written notice thereof (“Buyer’s Title Objection Notice”) to Seller on or
before the end of the Title and Survey Review Period shall be conclusively deemed to be accepted by Buyer. If Buyer timely delivers to Seller Buyer’s Title Objection Notice prior to the end of the Title and Survey Review Period specifying
Buyer’s objection to any title exception pertaining to the Property shown in the Title Commitment, the Title Documents or the Survey (if any) (each a “Title Objection” and collectively the “Title Objections”),
Seller may, but shall not be obligated to, eliminate or cure (by title endorsement from the Title Company or otherwise) some or all of such Title Objections; provided, however, if Seller is able and willing to eliminate or cure some or all of such
Title Objections, Seller shall notify Buyer in writing within ten (10) days after the end of the Title and Survey Review Period (“Seller’s Notice Period”) of those Title Objections Seller intends to eliminate or cure (said
notice hereinafter called “Seller’s Title Notice”) and in which case the elimination or curing by Seller of the Title Objections specified by Seller for cure or elimination in Seller’s Title Notice shall be completed on or
before the Closing Date. If Seller does not deliver Seller’s Title Notice to Buyer within Seller’s Notice Period, Buyer is deemed to be notified that Seller is unable or unwilling to eliminate or cure the Title Objections. On the twentieth
(20th) calendar day after the earlier of: (a) the lapse of the Seller’s Notice Period; or
(b) Buyer’s receipt of Seller’s Title Notice, this Agreement shall automatically terminate (in which case the Earnest Money will be returned to Buyer), unless Buyer has previously provided written notice to Escrow Agent and Seller of
Buyer’s intent to continue this Agreement (the “Title Continuation Notice”). If Buyer delivers such Title Continuation Notice, this Agreement shall continue in full force and effect and Buyer shall be deemed to have waived its
right to terminate this Agreement pursuant to this Section 5.3; provided, however, Seller hall not take or authorize, directly or indirectly, any action that modifies or changes in any material respect the circumstances upon which the
conditions set forth in this Section 5.3 were deemed satisfied or waived by Buyer. Notwithstanding the foregoing provisions of this Section 5.3 to the contrary, Buyer and Seller acknowledge that although Seller has no
obligation (unless specifically set forth in Seller’s Title Notice) to cure any title matters, subject to Buyer’s full performance under this Agreement, Seller agrees to deliver title to the Real Property at Closing free and clear of liens
of the deeds of trust and/or mortgages created by, under or through Seller, which liens Seller shall cause to be released at or prior to Closing (with Seller having the right to apply the Purchase Price or a portion thereof for such purpose), and
Seller further agrees to remove any title exceptions or encumbrances to title which are voluntarily created by, under or through Seller after the Effective Date without Buyer’s consent in its sole and absolute discretion. 
  

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 5.4 Permitted Exceptions. The term “Permitted Exceptions” shall mean: the
specific exceptions listed in the Title Commitment that the Title Company has not agreed to remove from the Title Commitment as of the end of the Inspection Period and that Seller is not required to remove as provided in Section 5.3
above; matters created by, through or under Buyer; items shown on the Survey which have not been removed as of the end of the Inspection Period; and real estate taxes not yet due and payable. 
 5.5 Delivery of Title Policy at Closing. In the event that the Title Company does not issue at Closing, or unconditionally commit at Closing to
issue, to Buyer, an ALTA standard coverage owner’s title policy in accordance with the Title Commitment approved by Buyer pursuant to Section 5.3 above, insuring Buyer’s title to the Real Property in the amount of the Purchase
Price, with extended coverage over the standard exceptions from coverage contained in such policy, together with standard endorsements for deletion of creditor’s rights and arbitration provisions of said policy, access and, if applicable,
contiguity, but subject only to the Permitted Exceptions (the “Title Policy”), Buyer shall have the right to terminate this Agreement, in which case the Earnest Money shall be immediately returned to Buyer and the parties hereto
shall have no further rights or obligations, other than those that by their terms survive the termination of this Agreement. 
 ARTICLE 6

 OPERATIONS AND RISK OF LOSS 
 6.1 Ongoing Operations. From the Effective Date through Closing: 
 6.1.1 Operation of Property.
Seller shall continue to operate the Property in accordance with its current practices, except that Seller shall have the right to remove Excluded Property from the Real Property in accordance with Section 2.2 and, prior to the Closing, Seller
may relocate its business to other property and cease operations at the Real Property. 
 6.1.2 New Service Contracts. Seller will not
enter into any service contract that will be an obligation affecting the Property subsequent to the Closing, except service contracts entered into in the ordinary course of business that are terminable without cause and without the payment of any
termination penalty on not more than thirty (30) days’ prior notice. 
 6.1.3 Maintenance of Improvements. Subject to
Sections 2.1.3, 6.1.1 and 6.2, Seller shall maintain all Improvements substantially in their present condition (ordinary wear and tear and casualty excepted) and in a manner consistent with Seller’s maintenance of the Improvements
during Seller’s period of ownership. 
 6.2 Condemnation. If proceedings in eminent domain are instituted with respect to the
Property or any material portion thereof, then Buyer may, at its option, by written notice to Seller given within twenty (20) days after Seller notifies Buyer in writing of such proceedings (and if necessary the Closing Date shall be
automatically extended to give Buyer the full twenty (20)-day period to make such election), either: (i) terminate this Agreement, in which case the Earnest Money shall be returned to Buyer and the parties hereto shall have no further
rights or obligations, other than those that by their terms survive the termination of this 
  

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 Agreement, or (ii) proceed under this Agreement. If the Agreement is not terminated pursuant to the preceding
sentence, the Purchase Price shall not be affected, it being agreed that if the award is paid prior to Closing, such amount shall be held in escrow and delivered to Buyer at Closing, and if the award has not been paid before Closing, then at Closing
Seller shall assign to Buyer all of its right, title and interest with respect to such award and shall further execute any other instrument reasonably requested by Buyer to assure that such award is paid to Buyer. If Buyer does not terminate this
Agreement, Seller shall not agree to or accept any compromise or condemnation award without obtaining Buyer’s prior written approval in Buyer’s reasonable discretion. If Buyer does not give Seller written notice of its election within the
time required above, then Buyer shall be deemed to have elected option (i) above. Notwithstanding anything to the contrary, Buyer has been advised of the pending condemnation proceedings disclosed on Schedule 6.2 hereto (the “Pending
Condemnation Case”). Buyer acknowledges that with respect to the Pending Condemnation Case that: (a) Buyer may not terminate this Agreement pursuant to this Section 6 because of the Pending Condemnation Case, (b) Buyer will not
receive any award paid with respect to the Pending Condemnation Case whether paid to Seller before or after the Closing Date, or (c) Buyer will not have any right of approval with respect to any compromise or award with respect to the Pending
Condemnation Case. 
 ARTICLE 7 
 CLOSING 
 7.1 Closing. The consummation of the transaction contemplated herein (“Closing”)
shall occur on the Closing Date at the offices of Escrow Agent (or such other location as may be mutually agreed upon by Seller and Buyer). Funds shall be deposited into and held by Escrow Agent in a closing escrow account with a bank satisfactory
to Buyer and Seller. Upon satisfaction or completion of all closing conditions and deliveries, the parties shall direct Escrow Agent to immediately record and deliver the closing documents to the appropriate parties and make disbursements according
to the closing statements executed by Seller and Buyer. 
 7.2 Conditions to Parties’ Obligation to Close. In addition to all
other conditions set forth herein, the obligation of Seller, on the one hand, and Buyer, on the other hand, to consummate the transactions contemplated hereunder are conditioned upon the following: 
 7.2.1 Representations and Warranties. The other party’s representations and warranties contained herein shall be true and correct in all
respects as of the date of this Agreement and the Closing Date; 
 7.2.2 Delivery. As of the Closing Date, the other party shall have
tendered all deliveries to be made at Closing; and 
 7.2.3 Actions, Suits, etc. There shall exist no pending actions, suits,
arbitrations, claims, attachments, proceedings, general assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, actually filed against the other party that would (i) prevent such party from
performing its obligations under this Agreement, or (ii) except for any matters disclosed to Buyer in the Property Documents, materially and adversely affect the value of the Property. 
  

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 So long as a party is not in default hereunder, if any condition to such party’s obligation to
proceed with the Closing hereunder has not been satisfied as of the Closing Date (or such earlier date as is provided herein), such party may, in its sole discretion, terminate this Agreement by delivering written notice to the other party on or
before the Closing Date, or elect to close notwithstanding the non-satisfaction of such condition, in which event such party shall be deemed to have waived any such condition. In the event such party elects to close, notwithstanding the
non-satisfaction of such condition, said party shall be deemed to have waived said condition, and there shall be no liability on the part of any other party hereto for breaches of representations and warranties of which the party electing to close
had actual knowledge at the Closing. 
 7.3 Seller’s Deliveries in Escrow. As of or prior to the Closing Date, Seller shall
deliver in escrow to Escrow Agent the following: 
 7.3.1 Deed. A covenant deed in the form of Exhibit B attached hereto
(the “Deed”) executed and acknowledged by Seller, conveying to Buyer Seller’s interest in the Real Property; 
 7.3.2
Representations and Warranties deemed Remade as of Closing; Certificate. Seller shall execute and deliver to Buyer at Closing a written certification to Buyer disclosing, where applicable, the extent to which Seller cannot remake the
representations and warranties contained in Section 9.1 as of the Closing Date (the “Certificate”). Upon delivery to Buyer, the Certificate shall be deemed to constitute a part of this Agreement; 
 7.3.3 Conveyancing or Transfer Tax Forms or Returns. Such conveyancing or transfer tax forms or returns, if any, as are required to be delivered
or signed by Seller by applicable state and local law in connection with the conveyance of the Real Property; 
 7.3.4 Non-Foreign
Certificate. An affidavit as required by the Foreign Investors Real Property Tax Act, as amended, in the form of Exhibit D attached hereto, executed by Seller; 
 7.3.5 Authority. Evidence of the existence, organization and authority of Seller and of the authority of the persons executing documents on behalf of Seller as reasonably required by the underwriter for the
Title Policy; and 
 7.3.6 Additional Documents. Any additional documents that Escrow Agent or the Title Company may reasonably
require for the proper consummation of the transaction contemplated by this Agreement (provided, however, no such additional document shall expand any obligation, covenant, representation or warranty of Seller or result in any new or additional
obligation, covenant, representation or warranty of Seller under this Agreement beyond those expressly set forth in this Agreement). 
 7.4
Buyer’s Deliveries in Escrow. As of or prior to the Closing Date, Buyer shall deliver in escrow to Escrow Agent the following: 
 7.4.1 Intentionally Deleted. 
  

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 7.4.2 Conveyancing or Transfer Tax Forms or Returns. Such conveyancing or transfer tax forms or
returns, if any, as are required to be delivered or signed by Buyer by applicable state and local law in connection with the conveyance of Real Property; 
 7.4.3 Additional Documents. Any additional documents that Escrow Agent or the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement (provided,
however, no such additional document shall expand any obligation, covenant, representation or warranty of Buyer or result in any new or additional obligation, covenant, representation or warranty of Buyer under this Agreement beyond those expressly
set forth in this Agreement). 
 7.5 Closing Statements. As of or prior to the Closing Date, Seller and Buyer shall deposit with
Escrow Agent executed closing statements consistent with this Agreement in the form required by Escrow Agent. 
 7.6 Purchase Price.
Prior to or at the time of the Closing on the Closing Date, Buyer shall deliver to Escrow Agent the Purchase Price, less the Earnest Money, plus or minus applicable prorations, in immediate, same-day U.S. federal funds wired for credit into Escrow
Agent’s escrow account, which funds must be delivered in a manner to permit Escrow Agent to deliver good funds to Seller or its designee(s) on the Closing Date (and, if requested by Seller, by wire transfer); in the event that Escrow Agent is
unable to deliver good funds to Seller or its designee(s) on the Closing Date, then the closing statements and related prorations will be revised as necessary. 
 7.7 Possession. Seller shall deliver possession of the Real Property to Buyer at the Closing. 
 7.8
Delivery of Books and Records. Prior to or at the time of the Closing, Seller shall deliver the following to Buyer to the extent in Seller’s possession: maintenance records and warranties; plans and specifications; licenses, permits and
certificates of occupancy; and keys. 
 ARTICLE 8 
 PRORATIONS; DEPOSITS; COMMISSIONS 
 8.1 Prorations. 
 8.1.1 Taxes. At Closing, real estate taxes for the Real Property shall be prorated between Seller and Buyer as follows: 
 Each party shall pay it pro rata share of real estate taxes as of the Closing Date based on the fiscal years covered by and identified on any Summer and
Winter Tax Statement which includes a fiscal year in which the Closing Date occurs, with each party’s share equal to the number of days in the respective fiscal years identified that such party owned the Property, divided by the total number of
days in the respective fiscal years identified. Assuming, by way of example only, a Closing Date on October 1, 2007, the applicable Tax Statements to be prorated on the Closing Date would be the 2006 Summer tax statement, the 2006 Winter tax
statement, the 2007 Summer tax statement and the 2007 Winter tax statement as shown on Exhibit E attached hereto. 
  

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 Notwithstanding the foregoing, if the Real Property is vacant on the Closing Date, or if the building
improvements located on the Real Property on the Closing Date will be razed in connection with Buyer’s proposed development of the Real Property, then Seller’s share of real estate taxes based on the respective fiscal years identified
shall include all taxes based on the respective fiscal years identified which are applicable to building improvements included in the tax bill, and Seller shall pay any future taxes which are applicable to such building improvements following the
Closing; such obligations shall survive Closing. 
 Except as expressly set forth below, all pending and certified special assessments or
fees, including interest or penalties due thereon, which are a lien or charge against the Property on the Closing Date, whether due in total or in part, shall be charged to Seller and shall be paid in full by the Escrow Agent concurrently with the
recording of the Deed. Seller has advised Buyer that the City of Grandville is contemplating the reconstruction of 44th Street at the Ivanrest Avenue intersection adjacent to the Real Property in order to improve the flow of traffic (the
“Road Improvement Project”), and that in connection therewith the City of Grandville may impose a special assessment or fee, which may become a lien or charge against the Property, in order to pay for a portion of the cost of the
Road Improvement Project. Notwithstanding anything to the contrary contained herein, in the event Seller sells the Property to Buyer or its assignee or designee as contemplated by this Agreement, Buyer shall be solely responsible for the payment of
any special assessment or fee imposed on or with respect to the Property in connection with the Road Improvement Project, regardless of when such special assessment or fee is levied and payable and whether it is payable in whole or in part prior to,
at or after Closing; and, the lien of such special assessment or fee shall be a Permitted Exception. 
 If the actual amount of applicable
real estate taxes is not available as of the Closing Date, then a proration shall be made based on the best estimate, it being understood that adjustments shall be made when the actual amount becomes known; such obligations shall survive Closing.

 8.1.2 Utilities. Buyer shall take all steps necessary to effectuate the transfer of all utilities to its name as of the Closing
Date, and where necessary, post deposits with the utility companies. Seller shall endeavor to have all utility meters read as of the Closing Date. Seller shall be entitled to recover any and all deposits held by any utility company as of the Closing
Date. 
 8.2 Closing Costs. Closing costs shall be allocated between Seller and Buyer in accordance with Section 1.2.

 8.3 Final Adjustment After Closing. If final bills are not available or cannot be issued prior to Closing for any item being
prorated under Section 8.1, then Buyer and Seller agree to 
  

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 allocate such items on a fair and equitable basis as soon as such bills are available, final adjustment to be made as
soon as reasonably possible after the Closing. Payments in connection with the final adjustment shall be due within thirty (30) days of written notice. All such rights and obligations shall survive the Closing. 
 8.4 Commissions. Seller and Buyer each represent and warrant to the other that no real estate brokerage commission is payable to any person or
entity in connection with the transaction contemplated hereby, other than to Urban Properties, Inc. (“Broker”), being Buyer’s broker. Upon the closing of the transaction contemplated by this Agreement, Seller agrees to pay a
brokerage commission to Broker pursuant to the terms of a separate commission agreement entered into by Seller and Broker. Seller and Buyer each agrees to and does hereby indemnify and hold the other harmless against the payment of any commission to
any person or entity claiming by, through or under either of the Seller or Buyer, as applicable, other than Broker. This indemnification shall extend to any and all claims, liabilities, costs and expenses (including reasonable attorneys’ fees
and litigation costs) arising as a result of such claims and shall survive the Closing. 
 ARTICLE 9 
 REPRESENTATIONS AND WARRANTIES 
 9.1 Seller’s Representations and Warranties. Seller represents and warrants to Buyer that: 
 9.1.1 Organization and
Authority. Seller has been duly organized, is validly existing, and is in good standing in the state in which it was formed. Seller has the full right and authority and has obtained any and all consents required to enter into this Agreement and
to consummate or cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Seller at the Closing will be, authorized and executed and constitute, or will constitute, as
appropriate, the valid and binding obligation of Seller, enforceable in accordance with their terms. 
 9.1.2 Conflicts and Pending
Actions. There is no agreement to which Seller is a party or, to Seller’s knowledge, that is binding on Seller which is in conflict with this Agreement. To Seller’s knowledge, except for the Pending Condemnation Case, there is no
action or proceeding pending or threatened against Seller or the Property which challenges or impairs Seller’s ability to execute or perform its obligations under this Agreement. 
 9.1.3 Intentionally Deleted. 
 9.1.4
Notices from Governmental Authorities. To Seller’s knowledge, except as otherwise described in the Property Documents, Seller has not received from any governmental authority written notice of any material violation of any laws
applicable (or alleged to be applicable) to the Real Property, or any part thereof, that has not been corrected. 
 9.1.5 Environmental
Matters. To Seller’s knowledge, except as disclosed in the Property Documents, the Real Property is free of any Hazardous Materials that would trigger response or remedial action under any applicable environmental laws. To Seller’s
knowledge, Seller’s activities on the Real Property and those of its tenants, subtenants and licensees, if any, comply with all applicable environmental laws. 
  

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 9.1.6 Storage Tanks. There are not now, nor to Seller’s knowledge, have there ever been, any
above-ground or underground storage tanks located in, on or under the Land, except as disclosed in the Property Documents. To Seller’s knowledge, storage tanks removed from the Land at a time during which Seller had any interest in the Land,
and all contaminated soil in connection with said tanks, if any, were removed in accordance with applicable environmental laws except as may be disclosed by the Property Documents. 
 9.1.7 Creditors. Seller has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in
bankruptcy or suffered the filing of any involuntary petition by Seller’s creditors, (iii) suffered the appointment of a receiver to take possession of all or substantially all of Seller’s assets, (iv) suffered the attachment or
other judicial seizure of all, or substantially all, of Seller’s assets, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension or composition to its creditors
generally. 
 9.1.8 Litigation or Administrative Proceeding. Except for the Pending Condemnation Case, Seller has not received any
notice nor to Seller’s knowledge is there any litigation or administrative proceeding pending or threatened (including the expiration of any appeal period with respect thereto) relating to the Property or its use which may adversely affect the
validity of any license, permit or other governmental determination or authorization necessary to development and operation of the Property. 
 9.1.9 Taking. Except for the Pending Condemnation Case, Seller has not received any notice, nor to Seller’s knowledge is there any pending action to take all or any portion of the Real Property, nor has Seller agreed or
committed to dedicate any part of the Real Property. 
 9.1.10 Taxes. To Seller’s knowledge, the Real Property has not been
classified under any designation authorized by law to obtain a special low ad valorem tax rate or receive either an abatement or deferment of ad valorem taxes which, in such case, will result in additional, catch-up ad valorem taxes in the future in
order to recover the amounts previously abated or deferred. To the Seller’s knowledge, there are no minimum value, minimum tax or other agreements with respect to the Real Property which would restrict Buyer’s right to contest the value or
taxes attributable to the Real Property. The Real Property is not subject to any special assessments, an assessment district or any other governmental or quasi-governmental financing for the payment of any on or off-site improvements. 
 9.1.11 Anti-Terrorism Representation. Neither Seller nor any of its affiliates or constituents nor, to the best of Seller’s knowledge, any
brokers or other agents of same, have engaged in any dealings or transactions, directly or indirectly, (i) in contravention of any U.S., international or other money laundering regulations or conventions, including, without limitation, the
United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, the United States International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001, Trading with the Enemy Act (50 U.S.C. §1 et seq., as
amended), or any foreign asset control regulations of the United States Treasury Department (31 CFR, Subtitle B, 
  

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 Chapter V, as amended) or any enabling legislation or executive order relating thereto, or (ii) in contravention of
Executive Order No. 13224 dated September 24, 2001 issued by the President of the United States (Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), as may be
amended or supplemented from time to time (“Anti-Terrorism Order”) or on behalf of terrorists or terrorist organizations, including those persons or entities that are included on any relevant lists maintained by the United Nations,
North Atlantic Treaty Organization, Organization of Economic Cooperation and Development, Financial Action Task Force, U.S. Office of Foreign Assets Control, U.S. Securities & Exchange Commission, U.S. Federal Bureau of Investigation, U.S.
Central Intelligence Agency, U.S. Internal Revenue Service, or any country or organization, all as may be amended from time to time. Neither Seller nor any of its affiliates or constituents nor, to the best of Seller’s knowledge, any brokers or
other agents of same, (i) are or will be conducting any business or engaging in any transaction with any person appearing on the U.S. Treasury Department’s Office of Foreign Assets Control list of restrictions and prohibited persons, or
(ii) are a person described in section 1 of the Anti-Terrorism Order, and to the best of Seller’s knowledge neither Seller nor any of its affiliates have engaged in any dealings or transactions, or otherwise been associated with any such
person. If at any time this representation becomes false then it shall be considered a default under this Agreement and Buyer shall have the right to exercise all of the remedies set forth in this Agreement in the event of a default or to terminate
this Agreement immediately. 
 9.2 Buyer’s Representations and Warranties. Buyer represents and warrants to Seller that:

 9.2.1 Organization and Authority. Buyer has been duly organized and is validly existing as a corporation in good standing in the
state in which it was formed and is qualified to do business in the state in which the Real Property is located. Buyer has the full right and authority and has obtained any and all consents required to enter into this Agreement and to consummate or
cause to be consummated the transactions contemplated hereby. This Agreement has been, and all of the documents to be delivered by Buyer at the Closing will be, authorized and properly executed and constitute, or will constitute, as appropriate, the
valid and binding obligation of Buyer, enforceable in accordance with their terms. 
 9.2.2 Conflicts and Pending Action. There is no
agreement to which Buyer is a party or to Buyer’s knowledge binding on Buyer which is in conflict with this Agreement. There is no action or proceeding pending or, to Buyer’s knowledge, threatened against Buyer which challenges or impairs
Buyer’s ability to execute or perform its obligations under this Agreement. 
 9.2.3 Anti-Terrorism Representation. Neither Buyer
nor any of its affiliates or constituents nor, to the best of Buyer’s knowledge, any brokers or other agents of same, have engaged in any dealings or transactions, directly or indirectly, (i) in contravention of any U.S., international or
other money laundering regulations or conventions, including, without limitation, the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, the United States International Money Laundering Abatement and
Anti-Terrorist Financing Act of 2001, Trading with the Enemy Act (50 U.S.C. §1 et seq., as amended), or any foreign asset control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling
legislation or executive order relating thereto, or (ii) in 
  

 -19- 

 contravention of Executive Order No. 13224 dated September 24, 2001 issued by the President of the United
States (Executive Order Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism), as may be amended or supplemented from time to time (“Anti-Terrorism Order”) or on behalf of
terrorists or terrorist organizations, including those persons or entities that are included on any relevant lists maintained by the United Nations, North Atlantic Treaty Organization, Organization of Economic Cooperation and Development, Financial
Action Task Force, U.S. Office of Foreign Assets Control, U.S. Securities & Exchange Commission, U.S. Federal Bureau of Investigation, U.S. Central Intelligence Agency, U.S. Internal Revenue Service, or any country or organization, all as
may be amended from time to time. Neither Buyer nor any of its affiliates or constituents nor, to the best of Buyer’s knowledge, any brokers or other agents of same, (i) are or will be conducting any business or engaging in any transaction
with any person appearing on the U.S. Treasury Department’s Office of Foreign Assets Control list of restrictions and prohibited persons, or (ii) are a person described in section 1 of the Anti-Terrorism Order, and to the best of
Buyer’s knowledge neither Buyer nor any of its affiliates have engaged in any dealings or transactions, or otherwise been associated with any such person. If at any time this representation becomes false then it shall be considered a default
under this Agreement and Seller shall have the right to exercise all of the remedies set forth in this Agreement in the event of a default or to terminate this Agreement immediately. 
 9.3 Seller’s Covenants. Seller covenants and agrees as follows: 
 9.3.1 Seller shall not take or authorize, directly or indirectly, any action (a) which materially modifies or alters the accuracy of any of the statements above at Section 9.1, or (b) which would
prevent Seller from representing and warranting as to the truth and accuracy of said statements as of the Closing Date. 
 9.3.2 Seller shall
deliver the Property to Buyer on the Closing Date free and clear of any and all personal property, Excluded Property, and waste and debris of any and all kinds. 
 9.3.3 On the Closing Date, the Real Property will not be subject to any mechanics’ liens, nor will there be any third parties in or entitled to possession or use of the Real Property. On the Closing Date, there
will not be any management agreements, maintenance or service contracts, non-governmental use restrictions or other agreements relating to the Real Property which are unrecorded and which would be binding on the Real Property or the Buyer.

 9.4 Survival of Representations and Warranties. The representations and warranties set forth in this Article 9 are made as
of the Effective Date and are remade as of the Closing Date and shall not be deemed to be merged into or waived by the instruments of Closing, but shall survive the Closing for a period of one (1) year (the “Survival
Period”). Terms such as “to Seller’s knowledge,” “to the best of Seller’s knowledge” or like phrases mean the actual present and conscious awareness or knowledge of Jeffrey Smolinski, Vice President Operations
for Seller (“Seller’s Employee”), without any duty of inquiry or investigation; provided that so qualifying Seller’s knowledge shall in no event give rise to any personal liability on the part of Seller’s Employee or
any other officer or employee of Seller, on account of any breach of any representation or warranty made by Seller herein. Said terms do not include constructive knowledge, imputed knowledge, or knowledge Seller or such persons do not have but could
have 
  

 -20- 

 obtained through further investigation or inquiry. Terms such as “to Buyer’s knowledge,” “to the best
of Buyer’s knowledge” or like phrases mean the actual present and conscious awareness or knowledge of Greg Tilsch, Regional Real Estate Manager for Buyer (“Buyer’s Employee”); provided that so qualifying Buyer’s
knowledge shall in no event give rise to any personal liability on the part of Buyer’s Employee or any other officer or employee of Buyer, on account of any breach of any representation or warranty made by Buyer herein. Said terms do not
include constructive knowledge, imputed knowledge or knowledge Buyer or such persons do not have but could have obtained through further investigation or inquiry. No broker, agent, or party other than Seller is authorized to make any representation
or warranty for or on behalf of Seller. Each party shall have the right to bring an action against the other on the breach of a representation or warranty hereunder, but only on the following conditions: (i) the party bringing the action for
breach first learns of the breach after Closing and files such action within the Survival Period; and (ii) neither party shall have the right to bring a cause of action for a breach of a representation or warranty unless the damage to such
party on account of such breach (individually or when combined with damages from other breaches) equals or exceeds $100,000. Neither party shall have any liability after Closing for the breach of a representation or warranty hereunder of which the
other party hereto had knowledge as of Closing. The provisions of this Section 9.3 shall survive the Closing. Any breach of a representation or warranty that occurs prior to Closing shall be governed by Article 10. 
 ARTICLE 10 
 DEFAULT AND
REMEDIES 
 10.1 Seller’s Remedies. If this transaction fails to close as a result of a material default by Buyer with
respect to any of the terms of this Agreement, or if prior to Closing any one or more of Buyer’s representation or warranties are breached in any material respect, and such material default continues for a period of ten (10) days after
Seller notifies Buyer in writing of such event, Seller shall be entitled, as its sole remedy (except as provided in Sections 4.9, 8.4, 10.3 and 10.4 hereof), to terminate this Agreement and recover the Earnest Money as
liquidated damages and not as penalty, in full satisfaction of claims against Buyer hereunder. Seller and Buyer agree that Seller’s damages resulting from Buyer’s default are difficult, if not impossible, to determine and the Earnest Money
is a fair estimate of those damages which has been agreed to in an effort to cause the amount of such damages to be certain. The parties acknowledge that the payment of such liquidated damages is not intended as a forfeiture or penalty, but is
intended to constitute liquidated damages to Seller. Notwithstanding anything in this Section 10.1 to the contrary, in the event of Buyer’s material default, Seller shall have all remedies available at law or in equity in the event
Buyer or any party related to or affiliated with Buyer is asserting any claims or right to the property that would otherwise delay or prevent Seller from having clear, indefeasible and marketable title to the Property. If Closing is consummated,
Seller shall have all remedies available at law or in equity in the event Buyer fails to perform any obligation of Buyer under this Agreement. 
 10.2 Buyer’s Remedies. If this transaction fails to close as a result of a material default by Seller with respect to any of the terms of this Agreement, or if prior to Closing any one or more of Seller’s representations or
warranties are breached in any material respect, and such material default continues for a period of ten (10) days after Buyer notifies Seller in writing of 
  

 -21- 

 such event, Buyer shall elect, as its sole remedy, either to (i) terminate this Agreement by giving Seller timely
written notice of such election prior to or at Closing and recover the Earnest Money, (ii) enforce specific performance, or (iii) waive said failure or breach and proceed to Closing. Notwithstanding anything herein to the contrary, Buyer
shall be deemed to have elected to terminate this Agreement if Buyer fails to deliver to Seller written notice of its intent to file a claim or assert a cause of action for specific performance against Seller on or before ten (10) business
days following the scheduled Closing Date or, having given such notice, fails to file a lawsuit asserting such claim or cause of action with a court of appropriate jurisdiction within thirty (30) days following the scheduled Closing Date.
Buyer’s remedies under this Article 10 shall be limited to those described in this Section 10.2, Section 10.3 and Section 10.4 hereof. 
 10.3 Attorneys’ Fees. In the event either party hereto employs an attorney in connection with claims by one party against the other arising
from the operation of this Agreement, the non-prevailing party shall pay the prevailing party all reasonable fees and expenses, including attorneys’ fees, incurred in connection with such transaction. 
 10.4 Other Expenses. If this Agreement is terminated due to the default of a party, then the defaulting party shall pay any fees or charges due to
Escrow Agent for holding the Earnest Money as well as any escrow cancellation fees or charges and any fees or charges due to the Title Company for preparation and/or cancellation of the Title Commitment. 
 ARTICLE 11 
 DISCLAIMERS; RELEASE
AND INDEMNITY 
 11.1 Disclaimers By Seller. Except as expressly set forth in this Agreement, it is understood and agreed that
Seller has not at any time made and is not now making, and it specifically disclaims, any warranties or representations of any kind or character, express or implied, with respect to the Property, including, but not limited to, warranties or
representations, as to (i) matters of title, (ii) environmental matters relating to the Property or any portion thereof, including, without limitation, the presence of Hazardous Materials in, on, under or in the vicinity of the Property,
(iii) geological conditions, including, without limitation, subsidence, subsurface conditions, water table, underground water reservoirs, limitations regarding the withdrawal of water, and geologic faults and the resulting damage of past and/or
future faulting, (iv) whether, and to the extent to which the Property or any portion thereof is affected by any stream (surface or underground), body of water, wetlands, flood prone area, flood plain, floodway or special flood hazard,
(v) drainage, (vi) soil conditions, including the existence of instability, past soil repairs, soil additions or conditions of soil fill, or susceptibility to landslides, or the sufficiency of any undershoring, (vii) the presence of
endangered species or any environmentally sensitive or protected areas, (viii) zoning or building entitlements to which the Property or any portion thereof may be subject, (ix) the availability of any utilities to the Property or any
portion thereof including, without limitation, water, sewage, gas and electric, (x) usages of adjoining property, (xi) access to the Property or any portion thereof, (xii) the value, compliance with the plans and specifications, size,
location, age, use, design, quality, description, suitability, structural integrity, operation, title to, or physical or financial condition of the Property or any portion thereof, or any income, expenses, charges, liens, encumbrances, rights or
claims on or affecting or pertaining to 
  

 -22- 

 the Property or any part thereof, (xiii) the condition or use of the Property or compliance of the Property with any
or all past, present or future federal, state or local ordinances, rules, regulations or laws, building, fire or zoning ordinances, codes or other similar laws, (xiv) the existence or non-existence of underground storage tanks, surface
impoundments, or landfills, (xv) the merchantability of the Property or fitness of the Property for any particular purpose, (xvi) the truth, accuracy or completeness of the Property Documents, (xvii) tax consequences, or
(xviii) any other matter or thing with respect to the Property. 
 11.2 Sale “As Is, Where Is.” Buyer acknowledges and
agrees that upon Closing, Seller shall sell and convey to Buyer and Buyer shall accept the Property “AS IS, WHERE IS, WITH ALL FAULTS,” except to the extent expressly provided otherwise in this Agreement and any document executed by Seller
and delivered to Buyer at Closing. Except as expressly set forth in this Agreement, Buyer has not relied and will not rely on, and Seller has not made and is not liable for or bound by, any express or implied warranties, guarantees, statements,
representations or information pertaining to the Property or relating thereto (including specifically, without limitation, Property information packages distributed with respect to the Property) made or furnished by Seller, or any real estate
broker, agent or third party representing or purporting to represent Seller, to whomever made or given, directly or indirectly, orally or in writing. Buyer represents that it is a knowledgeable, experienced and sophisticated purchaser of real estate
and that, except as expressly set forth in this Agreement, it is relying solely on its own expertise and that of Buyer’s consultants in purchasing the Property. By failing to terminate this Agreement prior to the expiration of the Inspection
Period, Buyer acknowledges that Seller has afforded Buyer a full opportunity to conduct such investigations of the Property as Buyer deemed necessary to satisfy itself as to the condition of the Property and the existence or non-existence or
curative action to be taken with respect to any Hazardous Materials on or discharged from the Property, and will rely solely upon same and not upon any information provided by or on behalf of Seller or its agents or employees with respect thereto,
other than such representations, warranties and covenants of Seller as are expressly set forth in this Agreement. 
 11.3 Intentionally
Deleted. 
 11.4 “Hazardous Materials” Defined. For purposes hereof, “Hazardous Materials” means
“Hazardous Material,” “Hazardous Substance,” “Pollutant or Contaminant,” and “Petroleum” and “Natural Gas Liquids,” as those terms are defined or used in Section 101 of CERCLA, and any other
substances regulated because of their effect or potential effect on public health and the environment, including, without limitation, PCBs, lead paint, asbestos, urea formaldehyde, radioactive materials, putrescible, and infectious materials.

 11.5 Intentionally Deleted. 
 11.6 Limitation of Liability. BUYER ACKNOWLEDGES AND AGREES THAT IN NO EVENT SHALL ANY OF THE SELLER’S DIRECT OR INDIRECT MEMBERS, PARTNERS, SHAREHOLDERS, OWNERS OR AFFILIATES, ANY OFFICER, DIRECTOR, EMPLOYEE OR AGENT OF THE
FOREGOING, OR ANY AFFILIATE, MEMBER, PARTNER OR CONTROLLING PERSON THEREOF HAVE ANY LIABILITY FOR ANY CLAIM, CAUSE OF ACTION OR OTHER LIABILITY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE PROPERTY, WHETHER BASED ON CONTRACT, COMMON LAW,
STATUTE, EQUITY OR OTHERWISE. 
  

 -23- 

 11.7 Cost of Environmental Remediation. If during the Inspection Period Buyer discovers the
presence of any Hazardous Materials on or discharged from the Property in violation of any applicable environmental laws, rules, or regulations, and Buyer so notifies Seller thereof, then Seller shall be solely responsible for the cost of cleaning
up or otherwise remediating such Hazardous Materials on or discharged from the Property (the “Remediation Work”); provided, however, the maximum cost to Seller of the Remediation Work shall not exceed One Hundred Thousand and No/100
Dollars ($100,000.00) (except as expressly provided below) (the “Remediation Limit”). Buyer shall promptly deliver to Seller all environmental assessments, studies and other information regarding the presence of such Hazardous Materials
affecting the Property. Upon the delivery of the Due Diligence Continuation Notice from Buyer to Seller, if any, Seller and Buyer, each acting in good faith, shall discuss the nature and extent of the Remediation Work, if any, and shall jointly
select a qualified environmental engineering firm to prepare a written remediation plan mutually acceptable to Seller and Buyer (the “Approved Remediation Plan”). Notwithstanding anything to the contrary in this Agreement, including
but not limited to the provisions of Article 3 and Article 4, if Buyer and Seller are unable to approve the Approved Remediation Plan in writing on or before the date that is thirty (30) days after the delivery of the Due Diligence Continuation
Notice (the “Remediation Termination Date”), this Agreement shall automatically terminate, the Earnest Money shall be returned to Buyer and both parties shall be released from all duties and obligations under this Agreement, except as
otherwise expressly provided in this Agreement. Notwithstanding the foregoing, if within fifteen (15) days of the Remediation Termination Date Seller notifies Buyer that Seller agrees to pay Buyer’s share of the cost of the Remediation
Work contemplated by the Approved Remediation Plan, then Buyer’s election, if any, to terminate this Agreement pursuant to this Section 11.7 shall be deemed revoked and of no further force and effect. Upon the mutual agreement by
Seller and Buyer of the Approved Remediation Plan, Buyer and Seller shall promptly authorize the commencement of the Remediation Work. On the Closing Date, Buyer shall pay to Seller the cost of the Remediation Work in excess of the Remediation Limit
(or a reduced amount as expressly contemplated above). Seller acknowledges and agrees that under no circumstances shall Buyer be responsible for any costs whatsoever involved with the Remediation Work unless Closing occurs on the Closing Date.
Approval of the Approved Remediation Plan by Buyer and/or its consultant shall not constitute assumption of responsibility by Buyer for the accuracy, sufficiency or propriety thereof, nor shall such approval constitute a representation or warranty
by Buyer that the same complies with requirements of any governmental agency having jurisdiction thereover. 
 11.8 Survival. The
terms and conditions of this Article 11 shall expressly survive the Closing and not merge with the provisions of any closing documents. 
 Buyer acknowledges and agrees that the disclaimers and other agreements set forth herein are an integral part of this Agreement and that Seller would not have agreed to sell the Property to Buyer for the Purchase Price without the
disclaimers and other agreements set forth above. 
  

 -24- 

 ARTICLE 12 
 MISCELLANEOUS 
 12.1 Binding Effect. This Agreement shall inure to the benefit of, and
shall be binding upon, the permitted successors and assigns of the parties hereto. Without limitation of the foregoing, (i)Seller may assign all, but not less than all, of its rights and obligations under this Agreement to an entity affiliated with
or controlled by Seller, and (ii) Buyer may assign all, but not less than all, of its rights and obligations under this Agreement to an entity affiliated with or controlled by Buyer. Notwithstanding anything herein to the contrary, an
assignment by Seller or Buyer as referred to the preceding sentence shall not release the assigning party of any of its obligations under this Agreement. The party seeking to assign its interest under this Agreement shall promptly provide written
notice of the assignment to the other party hereto. 
 12.2 Headings. The article, section, subsection, paragraph and/or other
headings of this Agreement are for convenience only and in no way limit or enlarge the scope or meaning of the language hereof. 
 12.3
Invalidity and Waiver. If any portion of this Agreement is held invalid or inoperative, then so far as is reasonable and possible the remainder of this Agreement shall be deemed valid and operative, and, to the greatest extent legally
possible, effect shall be given to the intent manifested by the portion held invalid or inoperative. The failure by either party to enforce against the other any term or provision of this Agreement shall not be deemed to be a waiver of such
party’s right to enforce against the other party the same or any other such term or provision in the future. 
 12.4 Governing
Law. This Agreement shall, in all respects, be governed, construed, applied, and enforced in accordance with the law of the state in which the Real Property is located. 
 12.5 Survival. The provisions of this Agreement that contemplate performance after the Closing and the obligations of the parties not fully
performed at the Closing shall survive the Closing and shall not be deemed to be merged into or waived by the instruments of Closing. 
 12.6
Entirety and Amendments. This Agreement embodies the entire agreement between the parties and supersedes all prior agreements and understandings relating to the Property. This Agreement may be amended or supplemented only by an instrument in
writing executed by the party against whom enforcement is sought. 
 12.7 Time. Time is of the essence in the performance of this
Agreement. 
 12.8 Intentionally Deleted. 
 12.9 Notices. All notices required or permitted hereunder shall be in writing and shall be served on the parties at the addresses set forth in Section 1.3. Any such notices shall, unless otherwise
provided herein, be given or served (i) by depositing the same in the United States mail, postage paid, certified and addressed to the party to be notified, with return receipt requested, (ii) by overnight delivery using a nationally
recognized overnight courier, (iii) by 
  

 -25- 

 personal delivery, or (iv) by facsimile, evidenced by confirmed receipt. Notice deposited in the mail in the manner
hereinabove described in subsection (i) shall be effective on the third (3rd) business day after such deposit. Notice given in any other manner shall be effective only if and when received (or deemed received) by the party to be notified
between the hours of 8:00 a.m. and 5:00 p.m. of any business day with delivery made after such hours to be deemed received the following business day. A party’s address may be changed by written notice to the other party; provided, however,
that no notice of a change of address shall be effective until actual receipt of such notice. Copies of notices are for informational purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice.
Notices given by counsel to the Buyer shall be deemed given by Buyer and notices given by counsel to Seller shall be deemed given by Seller. 
 12.10 Construction. The parties acknowledge that the parties and their counsel have reviewed and revised this Agreement and agree that the normal rule of construction – to the effect that any ambiguities are to be resolved
against the drafting party – shall not be employed in the interpretation of this Agreement or any exhibits or amendments hereto. 
 12.11 Calculation of Time Periods. Unless otherwise specified, in computing any period of time described herein, the day of the act or event after which the designated period of time begins to run is not to be included and the last
day of the period so computed is to be included, unless such last day is a Saturday, Sunday or legal holiday for national banks in the location where the Property is located, in which event the period shall run until the end of the next day which is
neither a Saturday, Sunday, or legal holiday. The last day of any period of time described herein shall be deemed to end at 5:00 p.m. local time in the state in which the Real Property is located. 
 12.12 Execution in Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original,
and all of such counterparts shall constitute one Agreement. 
 12.13 No Recordation. Without the prior written consent of Seller,
there shall be no recordation of either this Agreement or any memorandum hereof, or any affidavit pertaining hereto, and any such recordation of this Agreement or memorandum or affidavit by Buyer without the prior written consent of Seller shall
constitute a default hereunder by Buyer, whereupon Seller shall have the remedies set forth in Section 10.1 hereof. 
 12.14
Further Assurances. In addition to the acts and deeds recited herein and contemplated to be performed, executed and/or delivered by either party at Closing, each party agrees to perform, execute and deliver, but without any obligation to
incur any additional liability or expense, on or after the Closing any further deliveries and assurances as may be reasonably necessary to consummate the transactions contemplated hereby or to further perfect the conveyance, transfer and assignment
of the Property to Buyer. 
 12.15 Discharge of Obligations. The acceptance of the Deed by Buyer shall be deemed to be a full
performance and discharge of every representation and warranty made by Seller herein and every agreement and obligation on the part of Seller to be performed pursuant to the provisions of this Agreement, except those which are herein specifically
stated to survive Closing. 
  

 -26- 

 12.16 No Third Party Beneficiary. The provisions of this Agreement and of the documents to be
executed and delivered at Closing are and will be for the benefit of each of the Seller and Buyer only and are not for the benefit of any third party, and accordingly, no third party shall have the right to enforce the provisions of this Agreement
or of the documents to be executed and delivered at Closing. 
 12.17 Tax Deferred Exchange. Seller or Buyer may, at each party’s
option, elect to structure this transaction as a “like-kind” exchange under Section 1031 of the Internal Revenue Code of 1986, as amended. In such event, each party agrees to reasonably cooperate with the other in so structuring this
transaction. Neither party will, however, be required to incur any additional costs or assume any additional liabilities as a result of the other party’s “like-kind” exchange. Furthermore, the Closing Date may not be postponed solely
to effectuate such exchange. 
 [SIGNATURE PAGES AND EXHIBITS TO FOLLOW] 
  

 -27- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year written below.

  

					
		 	 BUYER:
  
 TARGET CORPORATION,
 a Minnesota corporation

			
		 	By:	 	 /s/ Scott Nelson

		 	Name:	 	Scott Nelson
		 	Title:	 	Vice President
	 Date executed by Buyer:
  
 September 13, 2006
	 		 	
		 	 SELLER:
 X-RITE,
INCORPORATED,
 a Michigan corporation

		 		 	
			
	Date executed by Seller:	 		 	
		 	By:	 	 /s/ Mary E. Chowning

	September 14, 2006	 	Name:	 	Mary E. Chowning
		 	Title:	 	EVP - Chief Financial Officer

 LIST OF EXHIBITS 
  

					
			
	A	  	—  	  	Legal Description of Real Property
			
	B	  	—  	  	Deed
			
	C	  	—  	  	Intentionally Deleted
			
	D	  	—  	  	Non-Foreign Certificate
			
	E	  	—  	  	Property Tax Prorations
			
	Schedule 6.2	  	—  	  	Pending Condemnation Case

 EXHIBIT A  
 LEGAL DESCRIPTION 
 Land located in the City of Grandville, Kent County,
State of Michigan, and described as follows: 
 Parcel A: 
 That part of the Northwest 1/4 of the Northwest 1/4, Section 28, Town 6 North, Range 12 West, City of Grandville, Kent County, Michigan, described as: commencing 393.70 feet South and 43.00 feet East from the
Northwest corner of said Section; thence North parallel with the West Section line 84.30 feet; thence East 17.00 feet; thence North parallel with the West Section line to a line extending Northeasterly from a point on the West Section line 150.00
feet South from the Northwest corner of said Section to a point on the North Section line 200.00 feet East from the Northwest corner of said Section; thence Northeasterly along said extended line to the South line of the North 60.00 feet of the
Northwest 1/4; thence East parallel with the North Section line to the East line of the West 801.54 feet of the Northwest 1/4; thence South along said East line 315.00 feet to the South line of the North 375.00 feet of the Northwest 1/4; thence East
along said South line 60.00 feet to the East line of the West 861.54 feet of the Northwest 1/4; thence South along said East line 947.76 feet to the North 1/8 line; thence West along the North 1/8 line to the East line of the West 43.00 feet of the
Northwest 1/4 of the Northwest 1/4; thence North along said East line to the place of beginning. 
 Parcel B: 
 The Northwest 1/4 of the Northwest 1/4, EXCEPT the West 861.54 feet thereof, and ALSO EXCEPT the North 50.00 feet of the remainder, Section 28, Town 6 North, Range
12 West, City of Grandville, Kent County, Michigan. 
  

 -A1- 

 EXHIBIT B  
 DEED 
 COVENANT DEED 
 STATUTORY FORM 
 KNOW ALL MEN BY THESE PRESENTS: That X-Rite, Incorporated, a Michigan corporation whose
street number and post office address is 3100 44th Street SW, Grandville, MI 49418 
 Conveys to TARGET CORPORATION, a Minnesota corporation, whose street number and post office address is 1000 Nicollet Mall, Minneapolis, MN 55403 the following described
premises situated in the City of Grandville, County of Kent and State of Michigan, to-wit: 
 SEE EXHIBIT A ATTACHED HERETO AND MADE A PART
HEREOF 
 together with all and singular the tenements, hereditaments and appurtenances thereunto belonging or in anywise appertaining, for the sum of ONE
AND 00/100, (***$1.00*) Dollars. 
 Grantor shall warrant and defend the above-described property from and against all lawful claims and demands of all
persons claiming from or under Grantor, but against no other persons. 
 Subject to the permitted exceptions shown on EXHIBIT B ATTACHED HERETO AND MADE A
PART HEREOF, and subject to the lien of taxes not yet due and payable. 
 This property may be located within the vicinity of farmland or farm operation.
Generally accepted agricultural and management practices which may generate noise, dust odors and other associated conditions may be used and are protected by the Michigan Right to Farm Act. 
 The grantor grants to the grantee the right to make all division(s), bonus divisions, and redivisions of the property under section 108 of the land division act, Act
No. 288 of the Public Acts of 1967, MCL 560.108. 
  

 -B1- 

 Dated this      day of
            , 200     
  

							
	Signed and Sealed in the presence of:	 		 		 	Signed and Sealed:
				
	  
	 		 		 	X-Rite, Incorporated, a
		 		 		 	Michigan corporation
				
		 		 	By:	 	  

		 		 	Its:	 	  

	  
	 		 	Name:	 	  

  

	

			
	STATE OF MICHIGAN	  	)
		  	) SS
	COUNTY OF                             	  	)

 The foregoing instrument was acknowledged before me this      day of
            , 200     by
                                        ,
the                      of X-Rite, Incorporated, a Michigan corporation, on behalf of the corporation. 
  

	
	  

	Notary Public

 My commission expires: 
  

			
	County Treasurer’s Certificate	 	City Treasurer’s Certificate

  

	

	

			
	After recording return to:	 	Drafted by:
	Target Corporation, Attn: Real Estate Law Dept.	 	Gerald M. Offutt, P.C.
	1000 Nicollet Mall TPS 3155, Mpls., MN 55403	 	McDermott Will & Emery LLP
		 	227 West Monroe Street
		 	Chicago, IL 60606

 Send Subsequent tax bills to: 
 Target Corporation, Attn: Tax Dept. TPN 9 
 1000 Nicollet Mall TPS 3155, Mpls., MN 55403 
  

					
	Tax Parcel #:	 	Recording Fee:	 	Transfer Tax:

  

 -B2- 

 Exhibit A 
 Legal description 
 [To be inserted] 
  

 -B3- 

 Exhibit B 
 Permitted Exceptions 
 [To be inserted] 
  

 -B4- 

 EXHIBIT C 
 INTENTIONALLY DELETED 
  

 -C1- 

 EXHIBIT D  
 NON-FOREIGN CERTIFICATE 
 TRANSFEROR’S CERTIFICATION OF NON-FOREIGN STATUS

 To inform Target Corporation, a Minnesota corporation (“Transferee”), that withholding of tax under Section 1445 of
the Internal Revenue Code of 1986, as amended (the “Code”), will not be required upon the transfer of certain real property, located in the City of Grandville, County of Kent, State of Michigan to Transferee, by X-Rite, Incorporated, a
Michigan corporation (“Transferor”), Transferor hereby certifies to Transferee: 
 1. Transferor is not a foreign
corporation, foreign partnership, foreign trust, or foreign estate (as those terms are defined in the Code and the Income Tax Regulations promulgated thereunder); 
 2. Transferor’s U.S. tax identification number is                     ; and 
 3. Transferor’s office address is 3100 44th Street SW, Grandville, MI 49418. 
 4. Transferor is not a “disregarded entity” as defined in IRS Regulation 1.1445-2(b)(iii). 
 Transferor understands that this Certification may be disclosed to the Internal Revenue Service by Transferee and that any false statement contained
herein could be punished by fine, imprisonment, or both. 
 Transferor understands that Transferee is relying on this Certification in
determining whether withholding is required upon said transfer. 
 Under penalty of perjury the undersigned declare that it has examined this
Certification and to the best of its knowledge and belief it is true, correct and complete, and it further declares that it has authority to sign this Certification on behalf of Transferor. 
  

			
	 X-RITE, INCORPORATED,
 a Michigan
corporation

		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

 -D1- 

 EXHIBIT E 
 PROPERTY TAX PRORATIONS 
 [Copy attached hereto] 
  

 -E1- 

 SCHEDULE 6.2 
 PENDING CONDEMNATION CASE 
 The City of Grandville v. X-Rite, Inc. filed on or about
June 16, 2006 in the Circuit Court for the County of Kent, State of Michigan, as Case No. 06-05936-CC, pursuant to which the City seeks to acquire a portion of the Land for roadway purposes, sidewalk and utility easements and a temporary
grading permit in connection with widening, reconfiguring and improving the Ivanrest and Rivertown Parkway/44th Street intersection. 
  

 -1-Asset Purchase Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 ASSET PURCHASE AGREEMENT 
 AMONG 
 VIEWCENTRAL, INC. 
 DAN TOMPKINS, AS REPRESENTATIVE 
 CERTAIN SHAREHOLDERS OF VIEWCENTRAL, INC. 

AND 
 RAINMAKER SYSTEMS, INC. 

Dated September 1, 2006 

 TABLE OF CONTENTS 
  

							
	 	    	 	  	Page
	1.	    	Sale and Transfer of Assets	  	1
			
	2.	    	Purchase Price; Escrow	  	2
			
	3.	    	Purchase Price Adjustments.	  	3
			
	4.	    	Lock-Up; Securities Laws Restrictions; Legend	  	5
			
	5.	    	Assumption of Liabilities	  	7
			
	6.	    	Representations and Warranties of Seller and Shareholders	  	7
				
		    	(a)	  	Organization and Good Standing	  	7
				
		    	(b)	  	Execution and Effect of Agreement	  	7
				
		    	(c)	  	No Contravention	  	8
				
		    	(d)	  	Title to Assets	  	8
				
		    	(e)	  	Absence of Certain Changes or Events	  	8
				
		    	(f)	  	Compliance with Laws	  	8
				
		    	(g)	  	Financial Reports	  	8
				
		    	(h)	  	Litigation; Consents	  	9
				
		    	(i)	  	Employees	  	9
				
		    	(j)	  	Environmental Matters	  	9
				
		    	(k)	  	Taxes	  	9
				
		    	(l)	  	Permits and Approvals	  	10
				
		    	(m)	  	Inventory	  	10
				
		    	(n)	  	Tangible Assets	  	10
				
		    	(o)	  	Employee Benefit Plans	  	10
				
		    	(p)	  	Investment	  	11
				
		    	(q)	  	Intellectual Property	  	11
				
		    	(r)	  	Brokers and Finders Fees	  	13
				
		    	(s)	  	Disclosure	  	13
				
		    	(t)	  	Contracts	  	13
				
		    	(u)	  	No Prepaid Expenses	  	14
				
		    	(v)	  	Capital Stock; Ownership	  	14
			
	7.	    	Representations and Warranties of Buyer	  	14
			
	8.	    	Covenants	  	16

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

							
	 	    	 	  	Page
		    	(a)	  	Public Announcements	  	16
				
		    	(b)	  	Notification of Certain Matters, Further Assurances	  	16
				
		    	(c)	  	Registration	  	17
			
	9.	    	Conditions Precedent to Buyer’s Obligations	  	21
			
	10.	    	Conditions Precedent to Seller’s Obligations	  	21
			
	11.	    	The Closing	  	22
			
	12.	    	Further Assurances	  	23
			
	13.	    	Labor and Employment Matters	  	24
			
	14.	    	Survival of Representations and Warranties	  	24
			
	15.	    	Indemnification	  	25
			
	16.	    	Indemnification Procedure	  	26
			
	17.	    	Third Party Claims	  	28
			
	18.	    	Notices	  	29
			
	19.	    	Entire Agreement	  	30
			
	20.	    	Successors	  	30
			
	21.	    	Section Headings	  	30
			
	22.	    	Applicable Law	  	30
			
	23.	    	Expenses	  	30
			
	24.	    	Severability	  	31
			
	25.	    	Counterparts	  	31
			
	26.	    	Representative of the Shareholders; Power of Attorney	  	31
			
	27.	    	Actions of the Representative	  	32
			
	28.	    	Termination	  	32

  

 -ii- 

 TABLE OF CONTENTS 
 Page 
  

					
	EXHIBITS AND SCHEDULES	  	
	Exhibit A	  	-  Assets	  	
	Exhibit B	  	-  Excluded Assets	  	
	Exhibit C	  	-  Escrow Agreement	  	
	Exhibit D	  	-  Assumed Liabilities	  	
	Exhibit E	  	-  Required Consents	  	
	Exhibit F	  	-  Bill of Sale and Assignment of Contracts	  	
	Exhibit G-1	  	-  Form of Employment Agreement (Terry Lydon)	  	
	Exhibit G-2	  	-  Form of Employment Agreement (Brigitte Wilson)	  	
	Exhibit G-3	  	-  Form of Employment Agreement (Greg McLemore)	  	
	Exhibit H	  	-  Non-Competition and Non-Solicitation Agreement	  	
	Exhibit I	  	-  Shareholders’ Pro Rata Interest	  	
	Exhibit J	  	-  Loss Certificate	  	
			
	Schedule 6(c)	  	-  No Contravention	  	
	Schedule 6(d)	  	-  Title to Assets	  	
	Schedule 6(g)	  	-  Financial Reports	  	
	Schedule 6(h)	  	-  Litigation; Consents	  	
	Schedule 6(k)	  	-  Taxes	  	
	Schedule 6(n)	  	-  Tangible Assets	  	
	Schedule 6(o)	  	-  Employment Benefit Plans	  	
	Schedule 6(q)	  	-  Intellectual Property	  	
	Schedule 6(r)	  	-  Brokers and Finders Fees	  	
	Schedule 6(t)	  	-  Contracts	  	
	Schedule 6(u)	  	-  No Prepaid Expenses	  	
	Schedule 6(v)	  	-  Capital Stock; Ownership	  	
	Schedule 11(c)(vii)        -  Employees	  	

  

 i 

 ASSET PURCHASE AGREEMENT 
 This ASSET PURCHASE AGREEMENT (“Agreement”) is made this 1st day of September 2006, by and among ViewCentral, Inc., a California
corporation (“Seller”), Rainmaker Systems, Inc., a Delaware corporation (“Buyer”), Dan Tompkins, as representative of the shareholders of Seller (in such capacity, the “Representative”), and certain
shareholders of Seller listed on the signature page hereto (each, a “Shareholder” and collectively, the “Shareholders”). 
 WITNESSETH: 
 WHEREAS, Seller is engaged in the business of providing enterprise training and
marketing program management solutions to business customers (the “Business”); 
 WHEREAS, Buyer desires to purchase and
acquire from Seller, and Seller desires to sell, assign and transfer to Buyer, certain of the assets of Seller in consideration for the purchase price, and upon the terms and subject to the conditions hereinafter set forth; and 
 WHEREAS, the parties intend that the transfer of Assets (as herein defined) will constitute a reorganization within the meaning of
Section 368(a)(1)(C) of the Internal Revenue Code of 1986 (the “Code”). 
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants hereinafter contained, the parties hereto agree as follows: 
 1. Sale and Transfer of Assets. On the
Closing Date, subject to the terms and conditions hereinafter set forth, Seller agrees to sell, convey, assign, transfer and deliver to Buyer, and Buyer agrees to purchase from Seller, all of the right, title and interest of Seller in and to all of
its assets, other than the Excluded Assets (as defined below) (such assets, other than the Excluded Assets, are hereinafter collectively referred to as the “Assets”), including, without limitation: 
 (a) the software products described on Exhibit A; 
 (b) the customer contracts relating to the Business identified on Exhibit A; 
 (c) all Intellectual
Property rights of the Seller, and any licenses and sublicenses granted and obtained with respect thereto and rights thereunder, remedies against infringements thereof, and rights to protection of interests therein under the laws of all
jurisdictions. For purposes of this Agreement, “Intellectual Property” shall mean any of the following: (1) U.S. and non-U.S. patents, and applications for either; (2) registered and unregistered trademarks, service marks and
other indicia of origin, pending trademark and service mark registration applications, and intent-to-use registrations or similar reservations of marks; (3) registered and unregistered copyrights and mask works, and applications for
registration of either; (4) internet domain names, applications and reservations therefor, uniform resource locators (“URLs”) and the corresponding Internet sites (collectively, the “Sites”); (5) trade
secrets and proprietary information not otherwise listed in (1) through (4) above, including unpatented inventions, invention disclosures, moral and economic rights of authors and 

 inventors (however denominated), confidential information, technical data, customer lists, corporate and business names,
trade names, trade dress, brand names, know-how, show-how, mask works, formulae, methods (whether or not patentable), designs, processes, procedures, technology, source codes, object codes, computer software programs, databases, data collections and
other proprietary information or material of any type, and all derivatives, improvements and refinements thereof, howsoever recorded, or unrecorded; and (6) any good will associated with any of the foregoing; 
 (d) (i) all trade accounts receivable and other rights to payment from customers of Seller and the full benefit of all security for such accounts or
rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or services rendered to customers of Seller, (ii) all other accounts or notes receivable of Seller and the
full benefit of all security for such accounts or notes and (iii) any claim, remedy or other right related to any of the foregoing; 
 (e) all cash, after giving effect to any payment of the liabilities described in Section 5(a) below; and 
 (f) all servers,
desktop computers, laptop computers, computer hardware and other office equipment owned or leased by Seller (wherever located and whether or not carried on Seller’s books), together with any express or implied warranty by the manufacturers or
sellers or lessors of any item or component part thereof and all maintenance records and other documents relating thereto. 
 Notwithstanding
anything to the contrary contained herein, it is understood that Seller is not selling and Buyer is not buying (i) the minute books, stock record books, stock ledgers and tax records of Seller; and (ii) any assets of Seller set forth on
Exhibit B (collectively, the “Excluded Assets”). 
 2. Purchase Price; Escrow. 
 (a) In full consideration for the purchase by Buyer of the Assets, Buyer shall cause to be issued to Seller on the Closing Date 754,968 unregistered
shares of Buyer common stock, par value $0.001 per share (the “Buyer Shares”). 
 (b) On the Closing Date, Buyer shall
deliver 145,493 of the Buyer Shares (the “Escrow Fund”), to The Bank of New York Trust Company, N.A., as escrow agent (the “Escrow Agent”), which shall be held in escrow (the “Escrow”) subject to the
escrow agreement attached hereto as Exhibit C (the “Escrow Agreement”) for the purposes of securing the Seller’s and the Shareholders’ indemnity obligations under this Agreement. Buyer Shares deposited into the
Escrow Fund shall be deducted from the number of shares of Buyer Shares otherwise deliverable to Seller as set forth in Section 2(a) above. Subject to and in accordance with the terms of the Escrow Agreement, twelve (12) months
following the Closing Date (or, if such date is not on a Business Day, the first Business Day thereafter), the Escrow Agent shall deliver all Buyer Shares remaining in the Escrow Fund to the Seller. Notwithstanding the foregoing and subject to and
in accordance with the terms of the Escrow Agreement, the Escrow Agent may withhold from such delivery the equivalent of any amounts then in dispute relating to indemnification obligations 
  

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 arising under this Agreement, provided that the withheld amount, to the extent not applied in satisfaction of
indemnification obligations, shall be delivered to the Seller as described above promptly upon resolution of such dispute. For purposes of this Agreement, “Business Day” means shall mean any day, other than a Saturday, Sunday or a day on
which banks located in San Francisco, California, shall be authorized or required by law to close. 
 (c) The parties intend that the
transfer of the Assets will constitute a reorganization within the meaning of Section 368(a)(1)(C) of the Code and hereby adopt this Agreement as a plan of reorganization within the meaning of Section 354 of the Code, except as otherwise
required by law. However, Buyer nor any attorney, accountant or other advisor of Buyer has made, nor makes, any representations or warranties to Seller or the Shareholders regarding the tax treatment of the transfer of the Assets and any other
transactions contemplated by this Agreement, whether the transfer of the Assets will qualify as a reorganization under Section 368(a)(1)(C) of the Code, or any of the tax consequences contemplated hereby or thereby, and the Seller and the
Shareholders acknowledge that the Seller and the Shareholders are relying solely on their own tax advisors in connection with this Agreement and the transaction contemplated by this Agreement. Except as may be otherwise agreed in writing by the
parties: (1) each party shall initially treat and report the transfer of the Assets as a reorganization for all applicable income tax purposes on their respective income tax returns; (2) except as otherwise required by law, no party shall
take any position inconsistent with such treatment; and (3) except as otherwise required by law, from and after the Closing Date, no party shall take any action that my adversely affect the qualification for such treatment. 
 3. Purchase Price Adjustments. 
 (a)
Pre-Closing Adjustments. The Seller has delivered to Buyer an estimated consolidated balance sheet for the Seller (the “Estimated Closing Date Balance Sheet”) and an estimated calculation of the Current Asset Value Shortfall (as
defined below), in each case, measured as of the Closing Date after giving effect to the payment of, or reservation for, all liabilities and other obligations described in Section 5(a) below. The Seller shall also provide Buyer with copies of
all work papers and other documents and data as were used to prepare the Estimated Closing Date Balance Sheet. If the Estimated Closing Date Balance Sheet shows a Current Asset Value Shortfall, the Buyer Shares issuable under Section 2(a) above
shall be reduced by the aggregate amount of such Current Asset Value Shortfall, and the Buyer Shares to be issued to Seller, as set forth in Section 2(a) above, shall be adjusted accordingly. As used herein, “Current Asset Value
Shortfall” means the amount by which (x) current assets minus total liabilities, excluding deferred revenue and operating leases assumed by Buyer (in each case, determined on a consolidated basis for the Seller), is less than
(y) $932,000. 
 (b) Post Closing Adjustments. As soon as practicable after the Closing Date, Buyer shall cause its accountants
to prepare and deliver to the Representative a consolidated balance sheet for the Seller (the “Closing Date Balance Sheet”) and a calculation of the Current Asset Value Shortfall, in each case, measured as of the close of business on the
Closing Date, prepared in accordance with United States generally accepted accounting principles (“GAAP”). Buyer shall endeavor in good faith to cause its accountants to deliver to the Representative the Closing Date Balance Sheet
and calculation of the Current Asset Value Shortfall within 60 days after the Closing Date; provided, however, that if the Closing Date Balance Sheet is not 
  

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 delivered to the Representative by Buyer’s accountants within 60 days after the Closing Date, the Estimated Closing
Date Balance Sheet shall be the final consolidated balance sheet of Seller for purposes of this Section 3. Buyer shall also make available to the Representative copies of all work papers and other documents and data as was used to calculate the
Closing Date Balance Sheet, and Buyer shall set out all proposed adjustments in reasonable detail in a written statement delivered to Representative. The Representative shall have the right to dispute the Closing Date Balance Sheet (and any items
therein) and the accompanying calculation of the Current Asset Value Shortfall and make any proposed adjustments thereto as provided in Section 3(c) below. If it is determined after completion of the time and procedure described in
Section 3(c) below that there is a Current Asset Value Shortfall in excess of the estimated Current Asset Value Shortfall and the Representative does not dispute such determination as described in Section 3(c) below, Buyer Shares in an
amount equal to the excess Current Asset Value Shortfall shall be deducted from the Escrow Fund and delivered by the Escrow Agent to Buyer. 
 (c) Dispute Resolution Procedures. The Representative shall have until thirty (30) days after the receipt of the Closing Date Balance Sheet and the accompanying Current Asset Value Shortfall calculation to review such
calculation and propose any adjustments thereto. All adjustments proposed by the Representative shall be set out in reasonable detail in a written statement delivered to Buyer (the “Adjustment Statement”) and shall be incorporated into the
Closing Date Balance Sheet, unless Buyer shall object in writing to such proposed adjustments (the proposed adjustment or adjustments to which Buyer objects are referred to herein as the “Contested Adjustments” and Buyer’s objection
notice is referred to herein as the “Contested Adjustment Notice”) within thirty (30) days of Buyer’s receipt of the Adjustment Statement. If Buyer delivers a Contested Adjustment Notice to the Representative, Buyer and the
Representative shall attempt in good faith to resolve their dispute regarding the Contested Adjustments, but if a final resolution thereof is not obtained within ten (10) days after Buyer delivers to the Representative said Contested Adjustment
Notice, either Buyer or the Representative may retain for the benefit of all the parties hereto a nationally recognized independent accounting firm acceptable to both the Representative and Buyer (the “Independent Accountant”) to resolve
any remaining disputes concerning the Contested Adjustments. If the Independent Accountant is retained, then (i) the Representative and Buyer shall each submit to the Independent Accountant in writing not later than fifteen (15) days after
the Independent Accountant is retained their respective positions with respect to the Contested Adjustments and their respective calculation of the Current Asset Value Shortfall, together with such supporting documentation as they deem necessary or
as the Independent Accountant requests, and (ii) the Independent Accountant shall, within thirty (30) days after receiving the positions of both the Representative and Buyer and all supplementary supporting documentation requested by the
Independent Accountant, render its decision as to the Contested Adjustments, which decision shall be final and binding on, and nonappealable by, the Representative and Buyer. The fees and expenses of the Independent Accountant shall be paid one-half
by the Shareholders and one-half by Buyer; provided, however, that if the Current Asset Value Shortfall as finally determined by the Independent Account and set forth in the Settlement Amount Certificate (defined below) is closer to the Current
Asset Value Shortfall submitted by the Representative than to the Current Asset Value Shortfall submitted by Buyer, then Buyer shall pay 100% of the fees and expenses of the Independent Accountant. The decision of the Independent Accountant shall
also include a certificate of the Independent Accountant setting forth the final Current Asset Value Shortfall calculation measured as of the Closing Date (the “Settlement Amount Certificate”). The Closing 
  

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 Date Balance Sheet shall be deemed to include all proposed adjustments not disputed by Buyer and those adjustments
accepted or made by the decision of the Independent Accountant in resolving the Contested Adjustments. 
 (d) Settlement Date. There
shall be a “Settlement Date” after the calculation of the Current Asset Value Shortfall measured as of the Closing Date which shall mean the following, as applicable: 
 (i) If the Representative has not timely delivered an Adjustment Statement to Buyer, thirty-five (35) Business Days after the date the
Representative receives the Current Asset Value Shortfall calculation; 
 (ii) If the Representative has timely delivered an Adjustment
Statement and Buyer has not timely delivered a Contested Adjustment Notice, thirty-five (35) Business Days after the date Buyer receives the Adjustment Statement; 
 (iii) If the Representative and Buyer have any disputes regarding Contested Adjustments and they resolve those disputes, five (5) Business Days after such resolution; 
 (iv) Five (5) Business Days after the Independent Accountant delivers the Settlement Amount Certificate, if applicable; or 
 (v) Such other date as shall be mutually agreed between the Representative and Buyer. 
 (e) Price Per Buyer Share. For purposes of any calculations required under Section 2(b) above and this Section 3, each Buyer Share shall
be deemed to have a per share value of $5.636 (as such price per share may from time to time be appropriately adjusted for stock splits or combinations, if any). Fractional share amounts resulting from any such calculations shall be rounded upwards
to the nearest whole share. 
 4. Lock-Up; Securities Laws Restrictions; Legend. 
 (a) The Seller and each Shareholder agree that the Buyer Shares delivered to Seller at Closing (the “Delivered Shares”) shall only be
sold, transferred, pledged, assigned, disposed of or encumbered in accordance with the following: 
 (i) One hundred percent (100%) of
the Delivered Shares may not be sold, transferred, pledged, assigned, disposed of or encumbered for one hundred eighty (180) days after the Closing Date; 
 (ii) Fifty percent (50%) of the Delivered Shares may be sold, transferred, pledged, assigned, disposed of or encumbered on the date commencing one hundred eighty-one (181) days after the Closing Date; and

  

 -5- 

 (iii) The final fifty percent (50%) of the Delivered Shares may be sold, transferred, pledged,
assigned, disposed of or encumbered on the date commencing three hundred sixty-five (365) days after the Closing Date. 
 Buyer Shares subject to the
Escrow may not be sold, transferred, pledged, assigned, disposed of or encumbered until such time as they are delivered to the Seller or such other person entitled thereto in accordance with the Escrow Agreement, at which time they may be sold,
transferred, pledged, assigned, disposed of or encumbered. 
 (b) Notwithstanding the preceding Section 4(a), (i) the Seller
and each Shareholder agrees that all sales, transfers, pledges, assignments, disposals or encumbrances of Buyer Shares shall be effected in compliance with all applicable federal and state securities laws and (ii) the Seller may distribute
Buyer Shares to the Shareholders at any time under and in accordance with the California Corporations Code or otherwise as permitted by applicable law (for the avoidance of doubt, the parties understand and agree that upon any such distribution the
Shareholders shall remain bound by the provisions of this Section 4). 
 (c) Upon issuance at Closing, each certificate
representing Buyer Shares shall bear a legend stating: 
 “THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE SECURITIES LAWS AND THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED UNLESS (I) A REGISTRATION STATEMENT COVERING SUCH SALE AND
TRANSFER IS EFFECTIVE UNDER THE ACT OR (II) THE TRANSACTION IS EXEMPT FROM REGISTRATION UNDER THE ACT, AND IF THE ISSUER REQUESTS, AN OPINION SATISFACTORY TO THE ISSUER TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL. 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A CONTRACTUAL LOCK-UP PERIOD PURSUANT TO THAT CERTAIN ASSET PURCHASE AGREEMENT AMONG THE
ISSUER, VIEWCENTRAL, INC. AND THE SHAREHOLDERS PARTY THERETO. IN ACCORDANCE WITH AND SUBJECT TO SUCH LOCK-UP PERIOD, SUCH SECURITIES MAY NOT BE SOLD, TRANSFERRED, PLEDGED, DISPOSED OF, ENCUMBERED OR ASSIGNED AND THE ISSUER SHALL NOT BE REQUIRED TO
GIVE EFFECT TO ANY ATTEMPTED SALE, TRANSFER, PLEDGE, DISPOSAL, ENCUMBRANCE OR ASSIGNMENT. UPON THE WRITTEN REQUEST OF THE HOLDER OF THIS CERTIFICATE, THE ISSUER AGREES TO REMOVE THIS RESTRICTIVE LEGEND (AND ANY STOP ORDER PLACED WITH ITS TRANSFER
AGENT) WITH RESPECT TO SUCH SECURITIES THAT ARE NO LONGER BOUND BY THE LOCK-UP PERIOD.” 
 5. Assumption of Liabilities.

 (a) Without limiting Section 5(c) below, the Parties agree and acknowledge that prior to the Closing Date, Seller will pay or
reserve against the following liabilities: (i) fees 
  

 -6- 

 of Heller Ehrman LLP; (ii) miscellaneous costs and expenses incurred by Seller and Shareholders in connection with
the transactions hereunder; (iii) fees of Pagemill Partners, LLC; (iv) any accrued paid time off of employees and all other accrued employee benefits; and (v) all other liabilities of Seller excluding deferred revenues and operating
leases assumed by Buyer under Section 5(b) below. 
 (b) On the Closing Date, effective upon consummation of the Closing, Buyer shall
assume and agree to discharge only the liabilities and obligations of Seller identified on Exhibit D hereto (the “Assumed Liabilities”). 
 (c) Notwithstanding any provision in this Agreement or any other writing to the contrary, Buyer shall not assume and shall not be liable for any liabilities and obligations of Seller, the Shareholders or the conduct
of the Business by Seller of whatever nature whether presently in existence or arising hereafter, except for the Assumed Liabilities. All such liabilities and obligations, other than the Assumed Liabilities, shall be retained by and remain
liabilities and obligations of Seller (collectively, the “Excluded Liabilities”). Without limiting the generality of the foregoing, Buyer shall not assume and shall not be liable for any of the following liabilities or obligations
of Seller or the Shareholders: (i) any and all taxes levied by and owing to any foreign, federal, state or local taxing authority with respect to the ownership or use of the Assets by Seller or the conduct of the Business by Seller;
(ii) any liabilities or obligations related to the Excluded Assets or which are not directly incident to or arising out of or incurred with respect to the Business; (iii) all lawsuits, claims and other liabilities or obligations arising in
connection with all actions, suits, claims, investigations or proceedings to the extent relating to the conduct of the Business by Seller or the ownership of the Assets by Seller; (iv) subject to Section 13(d) below, all liabilities or
obligations relating to the employment, failure to employ or termination of employment of any individual with respect to the Business by Seller or relating to or under any labor agreements or employee benefit or compensation arrangements, plans,
programs, policies, practices or agreements, including, without limitation, severance or accrued vacation pay, of Seller or for the benefit of employees of Seller; (v) any liability arising under Environmental Laws (as such term is defined in
Section 6(j) hereof) with respect to the conduct of the Business by Seller; (vi) any indebtedness for borrowed money or otherwise of Seller or the Shareholders; (vii) any amounts payable to Seller’s affiliates; or
(viii) any workers’ compensation claims relating to employees of Seller. 
 6. Representations and Warranties of Seller. As
of the Closing Date, Seller represents and warrants to Buyer as follows: 
 (a) Organization and Good Standing. Seller is a corporation
duly organized, validly existing and in good standing under the laws of the State of California. Seller has the full power and authority to own its properties, to carry on its business as presently conducted and to sell and convey the Assets to
Buyer. 
 (b) Execution and Effect of Agreement. Seller has the requisite power and authority to enter into this Agreement and to
perform its obligations hereunder, and the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance of Seller’s obligations hereunder have been duly authorized by all necessary
action on the part of Seller. This Agreement has been duly executed and delivered by Seller and 
  

 -7- 

 constitutes the legal, valid and binding obligation of Seller, enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally and subject, as to enforceability, to general principles of equity (the
“Enforceability Exceptions”). 
 (c) No Contravention. Neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated hereby will (i) violate or conflict with any provision of Seller’s Articles of Incorporation or Bylaws, (ii) except as set forth on Schedule 6(c), (with or without the giving of
notice or the lapse of time or both) violate, or result in a breach of, or constitute a default under, or conflict with, or give rise to a right of termination of, or accelerate the performance required by, any of the terms of any agreement, lease,
mortgage, indenture or other instrument to which Seller or any Shareholder is a party or by which it is bound, or (iii) violate or conflict with any judgment, decree, order or award of any court, governmental body or arbitrator, or, any law,
rule or regulation applicable to Seller or any Shareholder, nor will the same result in the creation of any Liens (as such term is defined in Section 6(d) hereof) upon any of the Assets. 
 (d) Title to Assets. Seller is the owner of the Assets, and, by the execution and delivery on the Closing Date of the instruments of transfer
provided for herein, Buyer will be vested with good, valid and marketable title to each of the Assets, free and clear of all liens, mortgages, pledges, imperfections of title, security interests, restrictions, prior assignments, encumbrances and
claims of any kind or nature whatsoever (collectively, “Liens”). Except as set forth on Schedule 6(d) hereto, there are no Liens on any of the Assets as of the Closing Date. 
 (e) Absence of Certain Changes or Events. Since December 31, 2005, there has not been: (i) any event or circumstance which is reasonably
likely to have a material adverse effect on the Assets (a “Material Adverse Effect”), (ii) any damage, destruction, or casualty loss, whether or not covered by insurance, to any Assets, (iii) any disposition or use of the
Assets by Seller other than in the ordinary course of business consistent with past practice, or (iv) any Lien created on any Asset, other than the Liens referenced on Schedule 6(d) hereto. 
 (f) Compliance with Laws. The Business has been conducted, and is presently being conducted, in compliance with all applicable requirements of
laws, ordinances, regulations and rules and all applicable requirements of governmental bodies and agencies having jurisdiction over Seller, except for such non-compliance as is not reasonably likely to have a Material Adverse Effect. 
 (g) Financial Reports. Attached as Schedule 6(g) are, with respect to the Assets, certain financial reports and/or customer information,
including, without limitation, audited and unaudited financial information of Seller, previously delivered to Buyer, all of which are true and correct in all material respects. There are no material inaccuracies, undisclosed liabilities or
discrepancies contained or reflected therein. Any financial or other projections delivered to Buyer referred to in this Section 6(g) represent the Seller’s and the Shareholders’ estimates and assumptions as to future
performance, which the Seller and the Shareholders believe to be fair and reasonable as of the time made in the light of current and reasonably foreseeable business conditions and with the same availability of the equivalent expertise and effort.

  

 -8- 

 (h) Litigation; Consents. Except as set forth on Schedule 6(h) hereto, there is no action,
suit, litigation, administrative or arbitration proceeding or formal governmental inquiry or investigation pending or, to the knowledge of Seller, threatened against Seller with respect to the Assets or the Business or which seeks to restrain or
prohibit or otherwise challenges the execution, delivery and performance of this Agreement or the consummation, legality or validity of the transactions contemplated hereby. Seller is not in violation of any term of any judgment, decree, injunction
or order entered by any court or governmental authority and outstanding against it relating to or with respect to the Business or any Asset. Except as set forth on Schedule 6(h) hereto, no consent, approval or authorization of or filing with
any governmental authority or other third party on the part of Seller is required in connection with the execution, delivery and performance of this Agreement or the consummation of any of the transactions contemplated hereby. 
 (i) Employees. There are no pending or, to the knowledge of Seller, threatened strikes, work stoppages, slowdowns, grievances or other labor
disputes with respect to individuals employed by Seller in connection with the Business. There are no pending or, to the knowledge of Seller, threatened complaints or charges with any federal, state or local governmental agency or court with respect
to any individual or group of individuals employed by Seller in connection with the Business alleging employment discrimination, wrongful termination, any unfair labor practice charges or any other employment-related claim. To the knowledge of
Seller, no individuals employed by Seller in connection with the Business are represented by any labor organization with respect to their employment by Seller, and no group of such individuals or labor organization with respect to such individuals
have made a demand for recognition or have filed a petition seeking a representation proceeding with the National Labor Relations Board within the past two years. 
 (j) Environmental Matters. To the knowledge of Seller, the operations of the Business are in compliance in all material respects with all applicable federal, state, local or other governmental statutes, codes,
rules, regulations, ordinances, decrees, orders or other requirements of law relating to the protection of human health and safety or the environment (collectively, “Environmental Laws”) and all permits issued pursuant to
Environmental Laws. 
 (k) Taxes. Except as set forth on Schedule 6(k) hereto, Seller has accurately prepared and duly and
timely filed all tax returns required to be filed by Seller or on behalf of Seller on or prior to the date hereof. Except as set forth on Schedule 6(k) hereto, all taxes owed by or with respect to Seller (whether or not shown on any tax
return) have been paid in full. The Seller is not currently the beneficiary of any extension of time within which to file any tax return. Except as set forth on Schedule 6(k) hereto, no deficiencies for any taxes have been asserted or
assessed against Seller which remain unpaid. There are no tax Liens upon any of the Assets of Seller. All amounts required to be withheld by Seller (including from employees of Seller for income taxes, social security and other payroll taxes) have
been collected and withheld and have been paid to the respective governmental agencies. None of the Assets is treated as being owned by a person other than Seller for tax purposes. 
  

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 For purposes of this Agreement, the term (i) ”tax” shall mean all taxes, levies or other
like assessments, charges or fees, including, without limitation, income, gross receipts, excise, value added, real or personal property, withholding, asset, sales, use, license, payroll, transaction, capital, business, corporation, employment, net
worth and franchise taxes, or other governmental taxes imposed by or payable to the United States of America or any State, local or foreign governmental entity, whether computed on a separate, consolidated, unitary, combined or any other basis,
including liability arising as a transferee or successor-in-interest; and in each instance such term shall include any interest, penalties or additions to tax attributable to any such tax; and (ii) ”tax return” shall mean any return,
declaration, report, claim for refund, information return or statement relating to taxes, including any schedules or attachments thereto, and including any amendment thereof. 
 (l) Permits and Approvals. Seller has all licenses, permits, consents, approvals, authorizations, qualifications and orders of governmental
authorities (collectively, the “Permits”) necessary or required for the conduct of the Business as presently conducted by Seller. Within the past eighteen months, Seller has not received a written notice alleging a violation or
probable violation or notice of revocation or other written communication from or on behalf of any governmental entity, which violation has not been corrected or otherwise settled, alleging (i) any violation of any Permit or (ii) that
Seller requires any Permit not currently held by Seller. 
 (m) Inventory. Seller has no inventory. 
 (n) Tangible Assets. Schedule 6(n) lists all servers, desktop computers, laptop computers, computer hardware and other office equipment
owned or leased by Seller (wherever located and whether or not carried on Seller’s books). 
 (o) Employee Benefit Plans. Set
forth in Schedule 6(o) is an accurate and complete list of each domestic and foreign employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, and the rules and
regulations thereunder (“ERISA”), whether or not subject to ERISA, and each stock option, stock appreciation right, restricted stock, stock purchase, stock unit, performance share, incentive, bonus, profit-sharing, savings, deferred
compensation, health, medical, dental, life insurance, disability, accident, supplemental unemployment or retirement, employment, severance or salary or benefits continuation or fringe benefit plan, program, arrangement, agreement or commitment
(whether written or oral) maintained by the Seller or any affiliate thereof (including, for this purpose and for the purpose of all of the representations in this Section 6(o), any predecessors to the Seller or its affiliates and all
employers (whether or not incorporated) that would be treated together with the Seller or any such affiliate as a single employer within the meaning of Section 414 of the Internal Revenue Code (the “Code”) or to which the
Seller or any affiliate thereof contributes (or has any obligation to contribute), has any liability or is a party) (collectively, the “Employee Benefit Plans”). Seller does not maintain, sponsor or contribute to or have liability
in respect of and has not maintained, sponsored or contributed to, or had any liability with respect to and does not have any obligation to maintain, sponsor or contribute to any Employee Benefit Plan. 
  

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 (p) Investment. Seller and each Shareholder (a) understands that the Buyer Shares have not
been registered under the Securities Act of 1933, as amended (the “Securities Act”), or under any state securities laws, and are being offered and sold in reliance upon federal and state exemptions for transactions not involving any
public offering, (b) Buyer is acquiring the Buyer Shares solely for its own account and not with a view to the distribution thereof except in connection with Seller’s plan of liquidation and otherwise in compliance with the Securities Act,
(c) is a sophisticated investor with knowledge and experience in business and financial matters, (d) has received certain information concerning Buyer, including, without limitation, Buyer’s Form 10-K for the fiscal year ended
December 31, 2005 filed with the Securities and Exchange Commission (the “SEC”) and each other current or periodic report filed with the SEC since December 31, 2005 and has had the opportunity to obtain additional
information as desired in order to evaluate the merits and the risks inherent in acquiring and holding the Buyer Shares, (e) is able to bear the economic risk and lack of liquidity inherent in holding the Buyer Shares, (f) was at no time
presented with or solicited by or through any leaflet, public promotional meeting, television advertisement or any other form of general solicitation or advertising relating to Buyer or any investment in the Buyer Shares and (g) is an
“accredited investor” for purposes of the Securities Act and any applicable state securities laws, or has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the
prospective investment. 
 (q) Intellectual Property. Schedule 6(q) sets forth each and every item of Intellectual Property
owned by the Seller included in the Assets, except that (1) copyrights which are not the subject of a registration or application therefor, and (2) items included in subsection (5) of the definition of Intellectual Property contained
in Section 1(c) herein shall be listed only if they are material to the Assets; provided, however, that Schedule 6(q) shall not set forth those items included in subsection (6) of the definition of Intellectual Property
contained in Section 1(c). 
 (i) Additionally, Schedule 6(q) sets forth each and every item of Intellectual Property material
to the Business and included in the Assets that is licensed by the Seller as licensor and that has not been terminated, together with the (i) owner, (ii) the licensee, (iii) the jurisdiction(s) where licensed for use, (iv) the
royalty or other fees payable by the licensee, and (v) the license agreement, listed by date of earliest expiry, with respect to each such item. 
 (ii) Additionally, Schedule 6(q) sets forth each and every material license or other material agreement that has not been terminated by which the Seller has obtained rights with respect to any Intellectual
Property included in the Assets (other than licenses arising from the purchase or other lawful acquisition or use of standard “off the shelf” products), together with the (i) identity of the licensor, (ii) the type of rights
licensed, (iii) the Intellectual Property licensed, (iv) the royalty or other fees payable by the Seller and (v) the license agreement listed by date of earliest expiry. 
 (iii) The Intellectual Property and rights under licenses and agreements set forth on Schedule 6(q) includes all Intellectual Property rights
necessary or material to the Business and the Assets on the Closing Date other than “off the shelf” products and, other than “off the shelf” products, the Seller uses no Intellectual Property included in the Assets which is

  

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 not owned by the Seller or licensed under an agreement listed on Schedule 6(q). The Assets or the Seller’s
use thereof do not violate, infringe, misappropriate or misuse any Intellectual Property rights. 
 (iv) Except as is set forth on
Schedule 6(q), each item of Intellectual Property included in the Assets listed on Schedule 6(q), that is shown on said Schedule as registered, filed, issued or applied by, for, or on behalf of Seller, has been duly and validly
registered in, filed in or issued by, the official governmental registrars and/or issuers (or officially recognized issuers) of patents, trademarks, copyrights or Internet domain names, in the various jurisdictions (national and local) indicated on
such Schedule, and except as set forth on such Schedule, each such registration, filing, application and/or issuance (a) has not been abandoned, canceled or otherwise transferred or assigned, (b) has been maintained effective by all
requisite filings, renewals and payments, and (c) remains in full force and effect as of the Closing Date. Except as set forth on Schedule 6(q), there are no actions that must be taken or payments that must be made by the Seller or Buyer
with respect to each such registration, filing, application and/or issuance within one hundred and eighty (180) days following the Closing Date that, if not taken, would adversely affect the applicable Intellectual Property or the right of the
Seller or Buyer to use same as and where used as of the Closing Date. Except for “off the shelf” products or the Intellectual Property listed under Section 6(q)(ii) above, the Seller has the exclusive right to file,
prosecute and maintain all applications and registrations with respect to the Intellectual Property set forth on Schedule 6(q). 
 (v) Copies of all items of Seller’s Intellectual Property included in the Assets which have been reduced to writing or other tangible form have been delivered by the Seller to Buyer (including true and complete copies of all related
licenses, and amendments and modifications thereto) or, in the case of “off-the-shelf products”, are otherwise referenced in Schedule 6(q). 
 (vi) With respect to each item of Intellectual Property listed on Schedule 6(q), no notice of a material default of a license has been sent or received by the Seller which default remains uncured, and the
execution, delivery or performance of the Seller’s obligations hereunder and under the other instruments and agreements to be executed and delivered as contemplated hereby will not result in such a default. Each such license agreement is a
legal, valid and binding obligation of the Seller and the relevant other parties thereto, enforceable in accordance with the terms thereof and the transactions contemplated by this Agreement will not breach the terms thereof. 
 (vii) Except as set forth on Schedule 6(q), the Seller has not received any notice of any claim, or a threat of any claim, from any third party,
and no third party claims are pending (i) challenging the right of the Seller to use any Intellectual Property included in the Assets or alleging any violation, infringement, misuse or misappropriation by the Seller of such Intellectual
Property or indicating that the failure to take a license would result in any such claim, or (ii) challenging the ownership rights of the Seller in any such Intellectual Property or asserting any opposition, interference, invalidity,
termination, abandonment, unenforceability, or other infirmity of any such Intellectual Property. 
  

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 (viii) Except as set forth on Schedule 6(q), the Seller has not made any claim of a violation,
infringement, misuse or misappropriation by any third party (including any employee, consultant, or contractor or former employee, consultant, or contractor of the Seller) of the Seller’s rights to, or in connection with, any Intellectual
Property included in the Assets. Except as set forth on Schedule 6(q), the Seller has not entered into any agreement to indemnify any other person against any charge of infringement of any such Intellectual Property, other than
indemnification provisions contained in purchase orders or license agreements arising in the ordinary course of business. 
 (ix) With
respect to consultants, contractors and employees (collectively, “Workers”) who contributed to the creation or development of Seller’s Intellectual Property included in the Assets the Seller has secured valid written
assignments from all such Workers of the rights to such contributions that the Seller does not already own by operation of law. 
 (x)
Except as set forth on Schedule 6(q), the Seller has taken all necessary and reasonable steps to protect and preserve the confidentiality of all the Seller’s trade secrets (and other proprietary and confidential information) included in
the Assets, including know-how, source codes, databases, data collections, customer lists, schematics, ideas, algorithms and processes. To the knowledge of the Seller or the Shareholders, the Seller has not breached any agreements of non-disclosure
or confidentiality and is not currently alleged or claimed to have done so. 
 (r) Brokers and Finders Fees. Except as set forth on
Schedule 6(r), whose listed fees shall be paid by Seller, no person is or will be entitled to any brokerage commissions or finder’s fees in connection with the transactions described in this Agreement as a result of any action taken by
Seller or any Shareholder other than brokerage commissions that may result from the disposition by any Shareholder of the Buyer Shares in accordance with this Agreement. 
 (s) Disclosure. None of this Agreement, the financial information referred to in Section 6(g) (including the footnotes thereto), any Schedule, Exhibit or certificate delivered pursuant to this
Agreement or any document or statement in writing which has been supplied to Buyer or its representatives by or on behalf of the Seller in connection with the transactions contemplated by this Agreement contains any untrue statement of a material
fact, or omits any statement of a material fact necessary to make the statements contained herein or therein not misleading. There is no fact known to the Seller that could reasonably be expected to have a Material Adverse Effect which has not been
set forth in this Agreement, or any Schedule, Exhibit or certificate delivered pursuant to this Agreement. 
 (t) Contracts. All
material contracts of the Seller involving the use of, or otherwise relating to, the Assets are set forth on Schedule 6(t). Except as set forth on Schedule 6(t), each material contract of the Seller is in full force and effect and
there exists no (i) default or event of default by the Seller or, to the knowledge of the Seller, by any other party to any material contract of the Seller with respect to any material term or provision of any such contract or (ii) event,
occurrence, condition or act (including the consummation of the transactions contemplated hereby) which would reasonably be expected to become a default or event of default by the Seller or, to the knowledge of the Seller, any other party thereto,
with respect to 
  

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 any material term or provision of any such contract. Seller has not violated any of the material terms or conditions of
any contract or agreement and, to the knowledge of the Seller all of the covenants to be performed by any other party thereto have been fully performed in all material respects. The Seller has delivered to Buyer true and complete copies, including
all amendments, of each material contract involving the Assets. 
 (u) No Prepaid Expenses. Except as set forth on Schedule
6(u), Seller has received no deposits or prepaid expenses that are not fully earned as of the Closing Date. 
 (v) Capital Stock;
Ownership. The Seller has an authorized capitalization consisting of 47,000,000 shares of common stock, $0.001 par value, and 25,000,000 of preferred stock, $0.001 par value, of which 771,386 shares of common stock and 22,050,794 shares of
preferred stock are outstanding as of the Closing Date. Of the 25,000,000 shares of preferred stock, 20,000,00 have been designated as Series A Preferred Stock, and 5,000,000 have been designated Series B Preferred Stock. All outstanding shares
of capital stock have been duly authorized and validly issued, are fully paid and nonassessable and are not subject to, nor were they issued in violation of, any preemptive rights. Except as described above, no shares of capital stock of the
Seller are authorized, issued, outstanding or reserved for issuance. Except as disclosed on Schedule 6(v), there are no outstanding or authorized options, warrants, rights, subscriptions, claims of any character, agreements, obligations,
convertible or exchangeable securities, or other commitments contingent or otherwise, relating to the capital stock of, or other equity or voting interest in, the Seller, pursuant to which the Seller is or may become obligated to issue, deliver or
sell or cause to be issued, delivered or sold, shares of common stock, any other shares of the capital stock of or other equity or voting interest in, the Seller or any securities convertible into, exchangeable for, or evidencing the right to
subscribe for or acquire, any shares of the capital stock of or other equity or voting interest in, the Seller. There are no outstanding or authorized stock appreciation, phantom stock, profit participation or similar rights with respect to the
capital stock of, or other equity or voting interest in, the Seller. The Seller has no authorized or outstanding bonds, debentures, notes or other Indebtedness the holders of which have the right to vote (or convertible into, exchangeable for,
or evidencing the right to subscribe for or acquire securities having the right to vote) with the stockholders of the Seller on any matter. There are no contracts to which the Seller is a party or by which they are bound to (i) repurchase,
redeem or otherwise acquire any shares of capital stock of, or other equity or voting interest in, the Seller or any other person or (ii) vote or dispose of any shares of capital stock of, or other equity or voting interest in, the
Seller. There are no irrevocable proxies and no voting agreements with respect to any equity or voting interest in, the Seller. Schedule 6(v) sets forth the name of each record owner of the capital stock of the Seller, together with the
number of shares and class of capital stock owned by each such record owner as of the Closing Date. 
 7. Representations and Warranties
of Buyer. As of the Closing Date, Buyer hereby represents and warrants to Seller and each Shareholder as follows: 
 (a) Organization
and Good Standing. Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has full corporate power and authority to own, lease and operate its properties and carry on its business
as it is now being conducted. 
  

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 (b) Execution and Effect of Agreement. Buyer has the requisite corporate power and authority to
enter into this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and the performance of Buyer’s obligations hereunder have been
duly authorized by all necessary corporate action on the part of Buyer. This Agreement has been duly executed and delivered by Buyer and constitutes the legal, valid and binding obligation of Buyer, enforceable against it in accordance with its
terms, subject to the Enforceability Exceptions. 
 (c) No Contravention. Neither the execution and delivery of this Agreement nor the
consummation of the transactions effected hereby will (i) violate or conflict with any provision of Buyer’s Certificate of Incorporation or By-Laws, (ii) (with or without the giving of notice or the lapse of time or both) violate, or
result in a breach of, or constitute a default under, or conflict with, or give rise to a right of termination of, or accelerate the performance required by, any of the terms of any agreement, lease, mortgage, indenture or other instrument to which
Buyer is a party or by which it is bound, or (iii) violate or conflict with any judgment, decree, order or award of any court, governmental body or arbitrator, or any law, rule or regulation applicable to Buyer. 
 (d) Buyer Shares. Buyer holds, and will be transferring good, valid and full title to the Buyer Shares free and clear of any and all liens,
encumbrances and security interests, but subject to the escrow contemplated in Section 2. 
 (e) Capitalization.

 (i) The authorized capital stock of Buyer consists of 50,000,000 shares of common stock and 5,000,000 shares of preferred stock, of which
approximately 13,845,061 shares of common stock and no shares of preferred stock are outstanding as of August 31, 2006. There are no treasury shares held by Buyer. 
 (ii) All issued and outstanding shares of common stock are, and all of the Buyer Shares issuable pursuant to this Agreement when issued as provided herein will be, duly authorized, validly issued, fully paid and
non-assessable. 
 (f) Litigation; Consents. There is no action, suit, litigation, administrative or arbitration proceeding or formal
governmental inquiry or investigation pending or, to Buyer’s knowledge, threatened against Buyer which (i) seeks to restrain or prohibit or otherwise challenges the execution, delivery and performance of this Agreement or the consummation,
legality or validity of the transactions contemplated hereby or (ii) materially affects the value of the Buyer Shares if the Buyer does not prevail. Buyer is not in violation of any term of any judgment, decree, injunction or order entered by
any court or governmental authority and outstanding against it which would materially adversely affect the value of the Buyer Shares. No consent, approval or authorization of or filing with any governmental authority or other third party on the part
of Buyer is required in connection with the execution, delivery and performance of this Agreement or the consummation of any of the transactions contemplated hereby, except for such as have been obtained and except for such filings as may be
necessary under state and federal securities laws. 
  

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 (g) Listing. The Buyer’s common stock is listed on the Nasdaq Capital Market. Except as
specified in its public filings with the SEC, the Buyer has not received notice from Nasdaq to the effect that the Buyer is not in compliance with the listing or maintenance requirements thereof. 
 (h) Form S-3 Eligibility. As of the Closing Date, Buyer is eligible to register the resale of its common stock on a registration statement on Form
S-3 under the Securities Act. Buyer is not aware of any facts or circumstances (including, without limitation, any required approvals or waivers or any circumstances that may delay or prevent the obtaining of accountant’s consents) that would
prohibit or delay the preparation and filing of a registration statement on federal Form S-3 with respect to the Buyer Shares. 
 (i) SEC
Reports. Buyer has filed all reports required to be filed by it under the Exchange Act (as defined below), including pursuant to Section 13(a) or 15(d) thereof, or the rules and regulations thereunder, for the two years preceding the date
hereof (the foregoing materials and any materials incorporated therein by reference being collectively referred to herein as the “SEC Reports”) on a timely basis or has received a valid extension of such time of filing or waiver
thereof and has filed any such SEC Reports prior to the expiration of any such extension. As of their respective dates, the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange Act and the rules
and regulations of the SEC promulgated thereunder, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading. 
 8. Covenants. 
 (a) Public Announcements. Seller and its affiliates shall not, without the approval of the Buyer, issue any press releases or otherwise make any
public statements with respect to this Agreement or the transactions contemplated by this Agreement, provided that Seller may, after the Closing Date, notify its shareholders, customers, accountants, attorneys, and any other persons or entities in
the ordinary course of business. 
 (b) Notification of Certain Matters, Further Assurances. Seller shall give prompt notice to Buyer
of any of the following which occurs, or of which it becomes aware, following the date hereof: (i) any notice of, or other communication relating to, a default or event that, with notice or lapse of time or both, would become a default under
any material contract as to cause a Material Adverse Effect; (ii) the occurrence or existence of any fact, circumstance or event which would result in (A) any representation or warranty made by Seller in this Agreement or in any Schedule,
Exhibit or certificate delivered herewith, to be materially untrue or materially inaccurate or (B) the failure of any condition precedent to either party’s obligations; and (iii) any notice or other communication from any third party
alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement. The Seller and the Buyer shall use commercially reasonably efforts to obtain any consents, execute any documents
and take such other actions as may reasonably be necessary to fulfill the objectives of this Agreement. Buyer shall give prompt notice to Seller of any of the following which occurs, or of which it becomes aware, following 
  

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 the date hereof: (1) the occurrence or existence of any fact, circumstance or event which would result in
(A) any representation or warranty made by Buyer in this Agreement or in any Schedule, Exhibit or certificate delivered herewith, to be materially untrue or materially inaccurate or (B) the failure of any condition precedent to either
party’s obligations; and (2) any notice or other communication from any third party alleging that the consent of such third party is or may be required in connection with the transactions contemplated by this Agreement. 
 (c) Registration. As soon as commercially practicable, but no later than the date that is sixty (60) days following the Closing Date, and
subject in either event to Seller and each Shareholder and each other holder, if any, of the Buyer Shares issued hereunder, (the “Share Recipients”) providing all required information in connection with the below described
registration a reasonable amount of time prior to such date, Buyer at its expense shall (a) prepare and file with the SEC a registration statement on Form S-3 with respect to the Buyer Shares issued hereunder (the “Registration
Statement”) and (b) use commercially reasonable efforts (1) to cause the Registration Statement to become effective within 180 days thereafter, and (2) to maintain the effectiveness of the Registration Statement until the
earlier of (x) the Share Recipients’ disposition of all such registered shares or (y) the Share Recipients being able to dispose of all such registered shares pursuant to Rule 144(k) of the Securities Act. If (i) in the good
faith judgment of the Board of Directors of Buyer, the filing of a Registration Statement covering such Buyer Shares would be detrimental to Buyer and the Board of Directors of Buyer concludes, as a result, that it is in the best interests of Buyer
to defer the filing of such Registration Statement at such time, and (ii) Buyer shall furnish to the Share Recipients a certificate signed by an executive officer of Buyer stating that in the good faith judgment of the Board of Directors of
Buyer, it would be detrimental to Buyer for such Registration Statement to be filed in the near future and that it is, therefore, in the best interests of Buyer to defer the filing of such Registration Statement, then Buyer shall have the right to
defer such filing, provided that Buyer shall not defer its obligation in this manner for more than thirty (30) days. Buyer shall bear all expenses incurred in connection with the registration and qualification of the shares registered pursuant
to this Section 8(c), and Seller and the Share Recipients shall pay all fees and expenses of their own counsel. Seller and each Share Recipient shall reasonably cooperate with Buyer in the preparation, filing and process of securing the
effectiveness of the Registration Statement and shall furnish to Buyer such information relating to such Seller and Share Recipient and such further and supplemental information as may be necessary or as may be reasonably requested by Buyer for use
in the Registration Statement and any amendments or supplements thereto. Each party will promptly provide the others with copies of all correspondence, comment letters, notices or other communications to or from the SEC regarding the Registration
Statement or any amendment or supplement thereto, and Buyer will advise the Seller and Share Recipients after it receives notice thereof, of the effectiveness of the Registration Statement, of the issuance of any stop order with respect to the
effectiveness thereof, of the suspension of the qualification of the Buyer Shares for offering or sale in any jurisdiction, or of the initiation or threat of any proceeding for any such purpose. 
 (i) To the extent permitted by applicable law, Buyer will indemnify each Shareholder with respect to any registration effected pursuant to this
Section 8(c) against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged untrue statement) of a material fact contained in any prospectus, offering
circular or other document (including any related registration statement, notification or 
  

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 the like) made in such registration, or based on any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not misleading, or any violation by Buyer of the Securities Act or the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) or any rule or
regulation thereunder applicable to Buyer and relating to action or inaction required of Buyer in connection with any such registration, and will reimburse Seller and each of the Share Recipients for any legal and any other expenses reasonably
incurred in connection with investigating and defending any such claim, loss, damage, liability or action, provided that Buyer will not be liable in any such case to the extent that any such claim, loss, damage, liability or expense arises out of or
is based on any untrue statement (or alleged untrue statement) or omission (or alleged omission) based upon written information furnished to Buyer by Seller or any Share Recipient. 
 (ii) To the extent permitted by applicable law, the Seller and the Share Recipients, jointly and severally (but as among the Share Recipients other than
the Seller severally on a pro rata basis based upon the number of Buyer Shares registered for resale by such Share Recipient under the Registration Statement), will indemnify Buyer, each of its directors and officers, agents, representatives and
affiliates and each person who controls Buyer within the meaning of Section 15 of the Securities Act against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact provided by Seller or a Share Recipient and contained in the Registration Statement, or any omission (or alleged omission) by Seller or a Share Recipient to state therein a material fact required to be stated
therein or necessary to make the statements therein not misleading, and will reimburse Buyer for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability or action, in
each case to the extent, but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in the Registration Statement, in reliance upon and in conformity with written information furnished
to Buyer by Seller or any Share Recipient and stated to be specifically for use therein; provided, however, that the total indemnity obligations, cumulatively, of the Seller and each of the Share Recipients under this
Section 8(c) shall be limited to an amount equal to the net proceeds to Seller and such Share Recipients of securities sold as contemplated in this Section 8(c). 
 (iii) Each party entitled to indemnification under this Section 8(c) (the “Section 8(c) Indemnified Party”) shall give
notice to the party required to provide indemnification (the “Section 8(c) Indemnifying Party”) promptly after such Section 8(c) Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Section 8(c) Indemnifying Party to assume the defense of any such claim or any litigation resulting therefrom; provided that counsel for the Section 8(c) Indemnifying Party, who shall conduct the defense of such claim or
any litigation resulting therefrom, shall be approved by the Section 8(c) Indemnified Party (whose approval shall not unreasonably be withheld) and the Section 8(c) Indemnified Party may participate in such defense at the Section 8(c)
Indemnified Party’s expense (unless the Section 8(c) Indemnified Party shall have reasonably concluded that there may be a conflict of interest between the Section 8(c) Indemnifying Party and the Section 8(c) Indemnified Party in
such action, in which case the fees and expenses of counsel shall be at the expense of the Section 8(c) Indemnifying Party), and provided further that the failure of any Section 8(c) Indemnified Party to give notice as provided herein
shall not relieve the Section 8(c) Indemnifying Party of its obligations hereunder except to the extent that 
  

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 the Section 8(c) Indemnifying Party is materially prejudiced thereby. No Section 8(c) Indemnifying Party, in
the defense of any such claim or litigation shall, except with the consent of each Section 8(c) Indemnified Party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Section 8(c) Indemnified Party of a release from all liability in respect to such claim or litigation. Each Section 8(c) Indemnified Party shall furnish such information regarding itself or the claim in
question as a Section 8(c) Indemnifying Party may reasonably request in writing and as shall be reasonably required in connection with the defense of such claim and litigation resulting therefrom. 
 (iv) If the indemnification provided for in this Section 8(c) is held by a court of competent jurisdiction to be unavailable to a
Section 8(c) Indemnified Party with respect to any loss, liability, claim, damage or expense referred to herein, then the Section 8(c) Indemnifying Party, in lieu of indemnifying such Section 8(c) Indemnified Party hereunder, shall
contribute to the amount paid or payable to such Section 8(c) Indemnified Party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the Section 8(c)
Indemnifying Party on the one hand and of the Section 8(c) Indemnified Party on the other in connection with the statements or omissions which resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable
considerations. The relative fault of the Section 8(c) Indemnifying Party and of the Section 8(c) Indemnified Party shall be determined by reference to, among other things, whether the untrue (or alleged untrue) statement of a material
fact or the omission (or alleged omission) to state a material fact relates to information supplied by the Section 8(c) Indemnifying Party or by the Section 8(c) Indemnified Party and the parties’ relative intent, knowledge, access to
information and opportunity to correct or prevent such statement or omission; provided, however, that the obligations of the Seller and each of the Share Recipients hereunder shall be limited to an amount, cumulatively, equal to the
net proceeds to the Seller and such Share Recipients of securities sold as contemplated in this Section 8(c). 
 (v) For not
more than ten (10) consecutive trading days or for a total of not more than twenty (20) trading days in any twelve (12) month period, Buyer may delay the disclosure of material non-public information concerning Buyer, by suspending
the use of any prospectus, offering circular or other document (including any related registration statement, notification or the like) prepared in connection with any registration to be effected pursuant to this Section 8(c) containing
such information, the disclosure of which at the time is not, in the good faith opinion of Buyer, in the best interests of Buyer (an “Allowed Delay”); provided, that Buyer shall promptly (a) notify the Share Recipients
in writing of the existence of (but in no event, without the prior written consent of the Share Recipients, shall Buyer disclose to such Share Recipients any of the facts or circumstances regarding) material non-public information giving rise to an
Allowed Delay, (b) advise the Share Recipients in writing to cease all sales under the Registration Statement until the end of the Allowed Delay and (c) use commercially reasonable efforts to terminate an Allowed Delay as promptly as
practicable. 
 (vi) During the period when copies of the Registration Statement prospectus are required to be delivered under the
Securities Act or the Exchange Act, Buyer shall file all documents required to be filed with the SEC pursuant to Section 13, 14, or 15 of the Exchange Act within the time periods required by the Exchange Act and the rules and regulations
promulgated thereunder. 
  

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 (vii) Until the earlier of (i) the date on which the Buyer Shares may be resold by the Seller and
Share Recipients without registration and without regard to any volume limitations by reason of Rule 144(k) under the Securities Act or any other rule of similar effect or (ii) all of the Buyer Shares issued hereunder have been sold pursuant to
the Registration Statement or Rule 144 under the Securities Act or any other rule of similar effect, Buyer shall timely file all reports required to be filed by it under the Securities Act and the Exchange Act. 
 (d) Buyer shall file documents required of the Buyer for customary Blue Sky clearance in all states requiring Blue Sky clearance; provided,
however, that the Buyer shall not be required to qualify to do business or consent to service of process in any jurisdiction in which it is not now so qualified or has not so consented. 
 (e) Buyer shall issue to select employees of Seller hired by Buyer restricted stock under and in accordance with Buyer’s 2003 stock incentive plan,
which restricted stock shall be valued at $178,455 in the aggregate upon the date of grant, which shall be at the next regularly scheduled monthly meeting of the compensation committee of Buyer’s Board of Directors. Such stock shall vest as
agreed to by Buyer and such employees. 
 (f) Between the date of this Agreement and the Closing, Seller shall: 
 (i) conduct its business only in the ordinary course of business; 
 (ii) except as otherwise directed by Buyer in writing, and without making any commitment on Buyer’s behalf, use its commercially reasonable efforts to preserve intact its current business organization, keep
available the services of its officers, employees and agents and maintain its relations and good will with suppliers, customers, landlords, creditors, employees, agents and others having business relationships with it; 
 (iii) confer with Buyer prior to implementing operational decisions of a material nature; 
 (iv) otherwise report periodically to Buyer concerning the status of its business, operations and finances, if requested by Buyer; 
 (v) make no material changes in management personnel without prior consultation with Buyer; 
 (vi) maintain the Assets in a state of repair and condition that is consistent with the requirements and normal conduct of Seller’s business;

 (vii) keep in full force and effect, without amendment, all material rights relating to Seller’s business; 
 (viii) comply with all legal requirements and contractual obligations applicable to the operations of Seller’s business; 
  

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 (ix) continue in full force and effect its insurance coverage; and 
 (x) maintain all books and records of Seller relating to Seller’s business in the ordinary course of business. 
 9. Conditions Precedent to Buyer’s Obligations. The Buyer’s obligations hereunder (including, without limitation, its obligation to
consummate the transactions contemplated hereby on the Closing Date and its incurrence of any indemnification obligations under Section 15(c) below) are, unless waived in writing by Buyer, subject to the satisfaction of the following
conditions: 
 (a) (i) Each of the representations and warranties of Seller and each Shareholder contained in Section 6
hereof that are qualified as to materiality shall be true and correct in all respects on and as of the Closing Date with the same force and effect as though the same had been made on and as of the Closing Date (except that any such representations
and warranties that are made as of a specific date need to be true and correct in all respects only as of such date), and (ii) each of the representations and warranties of Seller contained in Section 6 hereof that are not qualified
as to materiality shall be true and correct in all material respects on and as of the Closing Date with the same force and effect as though the same had been made on and as of the Closing Date (except that any such representations and warranties
that are made as of a specific date need to be true and correct in all material respects only as of such date). 
 (b) Seller shall have
obtained, in form and substance reasonably satisfactory to Buyer, all required consents to the transactions contemplated hereby, which required consents are listed on Exhibit E, and shall have arranged for the release on or prior to the
Closing Date of all Liens which encumber any of the Assets. 
 (c) Since December 31, 2005, no event shall have occurred which has
resulted in or is reasonably likely to result in a Material Adverse Effect. 
 (d) No order of any court or other governmental or regulatory
body restraining, prohibiting or enjoining the consummation of the transactions contemplated hereby shall be in effect or be threatened or sought by any governmental or regulatory body. No litigation shall be pending which if adversely determined
could have a Material Adverse Effect or adversely impact Buyer as the owner of the Assets. 
 (e) Buyer shall have received each of the
certificates, documents, agreements and other instruments set forth in Section 11(c) hereof. 
 (f) The Closing Date shall have
occurred on or prior to September 30, 2006. 
 10. Conditions Precedent to Seller’s Obligations. The obligation of Seller to
consummate the transactions contemplated hereby on the Closing Date is, at the option of Seller, subject to the satisfaction of the following conditions: 
 (a) Each of the representations and warranties of Buyer contained in Section 7 hereof shall be true and correct in all material respects as of the Closing Date with the same force and effect as though the
same had been made on and as of the Closing Date. 
  

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 (b) No order of any court or other governmental or regulatory body restraining, prohibiting or enjoining
the consummation of the transactions contemplated hereby shall be in effect or be threatened or sought by any governmental or regulatory body. 
 (c) Seller shall have received each of the certificates, documents, agreements and other instruments set forth in Section 11(d) hereof. 
 (d) All authorizations, consents, orders or approvals of, or declarations or filings with, or expiration of waiting periods imposed by, any governmental or regulatory body necessary for the consummation of the
transactions contemplated by this Agreement shall have been filed, occurred or been obtained. 
 11. The Closing. 
 (a) The Closing of the sale of the Assets pursuant to this Agreement (herein referred to as the “Closing”) shall take place at the
offices of Paul, Hastings, Janofsky & Walker LLP, Palo Alto, CA 94306, on Wednesday, September 13, 2006, subject to the satisfaction of the conditions precedent to Buyer’s and Seller’s obligations hereunder set forth in
Sections 9, 10 and 11, or at such other time and place as shall be mutually agreeable to Buyer and Seller. As used herein, the term “Closing Date” shall mean the date on which each of the conditions precedent to
Buyer’s and Seller’s obligations hereunder set forth in Sections 9, 10 and 11 are satisfied (or are waived by (i) in the case of any conditions precedent to Buyer’s obligations hereunder, Buyer and
(ii) in the case of any conditions precedent to Seller’s obligations hereunder, Seller). 
 (b) All corporate actions and
proceedings to be taken and all documents to be executed and delivered by Seller in connection with the consummation of the transactions contemplated hereby, including obtaining the unanimous approval of Seller’s board of directors and the
approval of shareholders holding not less than 90% of the outstanding capital stock of Seller, shall be reasonably satisfactory in form and substance to Buyer and its counsel. All corporate actions and proceedings to be taken and all documents to be
executed and delivered by Buyer in connection with the consummation of the transactions contemplated hereby shall be reasonably satisfactory in form and substance to Seller and its counsel. All corporate actions and proceedings taken and all
documents to be executed and delivered by the parties at the Closing shall be deemed to have been taken and executed simultaneously and no proceedings shall be deemed taken nor any documents executed or delivered until all have been taken, executed
and delivered. 
 (c) At the Closing, Seller shall deliver to Buyer the following: 
 (i) Such bills of sale, endorsements, assignments, and other good and sufficient instruments of transfer and conveyance to vest in Buyer good, valid and
marketable title to the Assets, free and clear of all Liens, in accordance herewith, all as set forth on Exhibit F; 
 (ii) Recent
certificates of good standing for Seller issued by the Secretary of State of California and the Franchise Tax Board of California; 
  

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 (iii) An incumbency and specimen signature certificate, in a form provided by the Buyer, dated the
Closing Date, from Seller with respect to the officers of Seller executing this Agreement and any other document delivered hereunder by or on behalf of Seller; 
 (iv) A certificate of Seller, in a form provided by the Buyer, dated the Closing Date, signed by an authorized executive officer of Seller, certifying as to the matters set forth in Sections 9(a), 9(b), 9(c) and 9(d)
hereof; 
 (v) A copy of the resolutions adopted by the board of directors of Seller and a copy of the resolutions adopted by the
shareholders of Seller, in each case authorizing the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby, certified by a duly authorized officer of Seller, as of the Closing Date; 
 (vi) All required consents to the transactions contemplated hereby and releases for all Liens which encumber the Assets, all of which required consents
are set forth on Exhibit E; 
 (vii) (A) Employment agreements executed by Terry Lydon, Brigitte Wilson and Greg McLemore in the
form of Exhibits G-1, G-2 and G-3, respectively, hereto; and (B) offer letters, in a form provided by Buyer, accepted in writing by each person listed on Schedule 11(c)(vii) hereto; 
 (viii) A Non-Competition and Non-Solicitation Agreement in substantially the form of Exhibit H hereto duly executed by Seller and Rick Ludlow;

 (ix) Evidence in form and substance satisfactory to Buyer that each issued, outstanding and unexercised option or warrant to
purchase or otherwise acquire capital stock of Seller (whether or not vested) shall have been cancelled and terminated without payment of any consideration therefore; and 
 (x) Such other documents and instruments as may be reasonably requested by Buyer or its counsel to effectuate the terms of this Agreement. 

(d) At the Closing, Buyer shall deliver to Seller the following: 
 (i) Recent certificates of good standing for Buyer issued by the Secretary of State of Delaware, the Secretary of State of California and the Franchise Tax Board of California; 
 (ii) An incumbency and specimen signature certificate, dated the Closing Date, from Buyer with respect to the officers or other authorized persons of
Buyer executing this Agreement and any other document delivered hereunder by or on behalf of Buyer; 
 (iii) A certificate of Buyer, dated
the Closing Date, signed by an executive officer or other authorized person of Buyer, certifying as to the matters set forth in Sections 10(a), 10(b), and 10(d) hereof; 
  

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 (iv) (A) Employment agreements for Terry Lydon, Brigitte Wilson and Greg McLemore in the form of
Exhibits G-1, G-2 and G-3, respectively, hereto executed by the Buyer; and (B) offer letters, in a form provided by Buyer, to each person listed on Schedule 11(c)(vii) hereto, duly executed by Buyer; and 

(v) Such other documents and instruments as may be reasonably requested by Seller or its counsel to effectuate the terms of this Agreement.

 12. Further Assurances. Seller, the Shareholders and Buyer shall, whenever and as often as reasonably requested to do so by the
other, do, execute, acknowledge and deliver any and all such other and further acts, assignments and transfers and any instruments of further assurance, approvals and consents as are necessary or proper in order to complete, ensure and perfect the
sale, transfer and conveyance to Buyer, and all other transactions, contemplated hereby. 
 13. Labor and Employment Matters.

 (a) On and after the Closing Date, all hiring and staffing decisions in connection with the use of the Assets purchased by Buyer shall be
within Buyer’s sole and exclusive discretion and control. Those employees of Seller to whom Buyer shall not offer employment or who decline the employment offer of Buyer shall remain in the employ of Seller, or, at Seller’s option, may be
terminated by Seller in accordance with its personnel policies and at its expense. Seller agrees that to the extent the foregoing triggers any notice obligations under the Worker Adjustment and Retraining Notification Act (WARN), Seller shall be
responsible for providing, and shall be liable to any persons or entities who do not receive, any required notices. Employees of Seller who become employees of Buyer by accepting Buyer’s offer of employment shall be subject to all rules,
regulations, requirements and policies applicable to new hires of Buyer. 
 (b) Buyer shall not assume any employment contracts of whatever
nature or any obligations arising out of any employment contracts, express or implied, oral or written, individual or collective, between Seller and any of Seller’s employees. Nor shall Buyer assume any obligations arising out of any pension
benefit, employee welfare benefit, bonus, deferred compensation, stock purchase, stock option, severance, fringe benefit, medical insurance, life insurance or similar plan, policy or program of Seller, whether or not covered or excluded from
coverage under ERISA. Seller shall be solely responsible for complying with all of its obligations, if any, to its employees, including compliance with the provisions of ERISA, the Multi-Employer Pension Plan Amendments Act of 1980 (MPPAA), and
WARN. 
 (c) All offers of employment by Buyer to any employee of Seller shall be conditioned on such employee terminating his or her
employment with Seller on or prior to the Closing Date and waiving, to the maximum extent permitted by applicable law, all of his or her rights to make any claim or demand on Buyer or any of Buyer’s affiliates in respect of (i) any
employment contracts of whatever nature or any obligations arising out of any employment contracts, express or implied, oral or written, individual or collective, between Seller and such employee and (ii) any obligations arising out of any
pension benefit, employee welfare benefit, bonus, deferred compensation, stock purchase, stock option, severance, fringe benefit, medical insurance, life insurance or similar plan, policy or program of Seller, whether or not covered or excluded from
coverage under ERISA. 
  

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 (d) On and after the Closing Date, those employees of Seller who accept the employment offer of Buyer
shall be eligible for participation under all of Buyer’s benefit plans and programs that are offered to Buyer’s current employees. Such employees shall receive credit for their years of continuous service with Seller for purposes of
determining participation and benefit levels under all of Buyer’s paid time off policies and benefits plans and programs. 
 14.
Survival of Representations and Warranties. Each of the representations and warranties contained herein shall survive the Closing and remain in full force and effect for a period of twelve (12) months following the Closing Date, except
that the representations and warranties contained in Sections 6(a), 6(b), 6(d), 6(k), 6(o) and 6(q) hereof and Sections 7(a), 7(b), and 7(d) hereof shall survive for a period of thirty (30) months following the Closing Date. 
 15. Indemnification. 
 (a) Subject to
the limitations set forth in Section 15(b), the Seller and each Shareholder, jointly and severally (but as among the Shareholders severally on a pro rata basis based upon the number of Buyer Shares set forth opposite the name of each
Shareholder on Exhibit I hereto), agree to indemnify and hold Buyer and its affiliates and their respective parents, stockholders, officers, directors, employees, agents, successors and assigns (each a “Buyer Indemnitee”), harmless
from and against any damages, losses, liabilities, obligations, claims of any kind, interest or expenses (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), suffered, incurred or paid, directly or
indirectly, through application of the Seller’s or Buyer’s assets or otherwise, as a result of, in connection with or arising out of: (i) the failure of any representation or warranty made by the Seller or any Shareholder in this
Agreement (whether or not contained in Section 6) or in any Schedule, Exhibit or certificate delivered pursuant to this Agreement to be true and correct in all material respects as of the Closing Date; (ii) any breach by the Seller
or any Shareholder of any of its covenants or agreements contained herein; (iii) any Seller expenses not paid by the Seller or any Shareholder and paid by the Buyer; (iv) any claim by any Shareholder or on behalf of any Shareholder in
connection with any actions of the Representative taken in accordance with the terms of this Agreement, including any claim that any act of or decision not to act by the Representative taken in accordance with the terms of this Agreement does not
bind such Shareholder to the indemnification obligations set forth in this Agreement; (v) the Seller’s or any Shareholder’s bad faith, willful misconduct or gross negligence in respect of the Escrow Fund, the Escrow Agent, or the
Escrow Agreement; (vi) any liability arising out of the ownership or operation of the Assets prior to the Closing Date other than the Assumed Liabilities; (vii) any product or services provided by Seller prior to the Closing Date; or
(viii) any Excluded Liabilities. 
 (b) The obligations to indemnify and hold harmless pursuant to Section 15(a) shall be
limited to the aggregate amount of the Escrow Fund, provided, however, that the obligations to indemnify and hold harmless pursuant to Section 15(a) may exceed the aggregate amount of the Escrow Fund with respect to any
Losses in excess of $25,000 resulting from any material inaccuracy in or breach of the representations or warranties contained in Sections 6(a), (b), (d), (k), (o) or (q) hereof; and provided,
further, however, that the obligations to indemnify 
  

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 and hold harmless pursuant to Section 15(a) may not exceed as to each Shareholder the number of Buyer Shares
set forth opposite the name of such Shareholder on Exhibit I hereto. No person shall be entitled to recovery for Losses pursuant to Section 15(a) until the total amount of Losses exceeds $25,000 (the “Basket Amount”);
provided, that to the extent the amount of Losses exceeds the Basket Amount, the Indemnified Party shall be entitled to recover the Basket Amount as well as the amount of Losses in excess of the Basket Amount. 
 (c) Subject to the limitations set forth in Section 15(d), the Buyer agrees to indemnify and hold the Seller and each Shareholder and their
respective affiliates, parents, stockholders, officers, directors, employees, agents, successors, heirs and assigns (each a “Seller Indemnitee”), harmless from and against any damages, losses, liabilities, obligations, claims of any
kind, interest or expenses (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), suffered, incurred or paid, directly or indirectly, through application of the Seller’s or Buyer’s assets or
otherwise, as a result of, in connection with or arising out of: (i) the failure of any representation or warranty made by the Buyer in this Agreement (whether or not contained in Section 7) or in any Schedule, Exhibit or
certificate delivered pursuant to this Agreement to be true and correct in all material respects as of the Closing Date; (ii) any breach by the Buyer of any of its covenants or agreements contained herein; or (iii) the Buyer’s bad
faith, willful misconduct or gross negligence in respect of the Escrow Fund, the Escrow Agent or the Escrow Agreement. 
 (d) The obligations
to indemnify and hold harmless pursuant to Section 15(c) shall be limited to $820,000, provided, however, that the obligations to indemnify and hold harmless pursuant to Section 15(c) may exceed $820,000 with
respect to any Losses resulting from any material inaccuracy in or breach of the representations or warranties contained in Sections 7(a), 7(b), and 7(d) hereof. No person shall be entitled to recovery for Losses pursuant to
Section 15(c) until the total amount of Losses exceeds $25,000 (the “Basket Amount”); provided, that to the extent the amount of Losses exceeds the Basket Amount, the Indemnified Party shall be entitled to recover the
Basket Amount as well as the amount of Losses in excess of the Basket Amount. Any payment to be made in satisfaction of the Buyer’s indemnification obligations under Section 15(c) shall be made in cash or such other means as may
then be agreed to among Buyer and the applicable Seller Indemnitee. 
 (e) Except with respect to matters as to which injunctive relief is
being sought, and to the extent of such relief, and other than with respect to registration rights, the indemnification with respect to which is dealt with in Section 8(c), and other than for actions under United States securities laws,
the rights set forth in this Section 15 (as supplemented by Section 16 and Section 17 hereof) shall provide the sole and exclusive remedy for any and all Losses with respect to any inaccuracy in or breach of the
representations or warranties or breach or nonperformance of any of the covenants or agreements made by any party in or pursuant to this Agreement; provided, however, that nothing herein shall prevent any party hereto from bringing an
action based upon allegations of fraud or other intentional breach of this Agreement. 
 16. Indemnification Procedure. 
 (a) Within a reasonable period of time after the incurrence of any Losses by any person entitled to indemnification pursuant to Section 15
hereof (an “Indemnified Party”), 
  

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 including in respect of any claim by a third party described in Section 17, which might give rise to
indemnification hereunder, the Indemnified Party shall deliver to the party from which indemnification is sought (the “Indemnifying Party”) a certificate in the form of Exhibit J (the “Loss
Certificate”), which Loss Certificate shall: 
 (1) state that the Indemnified Party has paid or properly accrued
Losses or anticipates that it will incur liability for Losses for which such Indemnified Party is entitled to indemnification pursuant to this Agreement; 
 (2) specify in reasonable detail each individual item of Loss included in the amount so stated, the date such item was paid or properly accrued, the basis for any anticipated liability and the nature of the
misrepresentation, breach of warranty, breach of covenant or claim to which each such item is related and the computation of the amount to which such Indemnified Party claims to be entitled hereunder; and 
 (3) notify the Indemnifying Party that if the Indemnifying Party in good faith objects to the Loss Certificate or any portion of the Loss
Certificate, the Indemnifying Party must so notify the Indemnified Party within thirty (30) days of receipt or the claim described in the Loss Certificate shall be deemed to be an Agreed Claim that the Indemnifying Party shall be required to
pay under this Agreement. 
 The Indemnified Party shall deliver a copy of the Loss Certificate to the Escrow Agent while the Escrow Fund remains in effect
and available to satisfy claims for Losses pursuant to the indemnification provided for in Section 15(a). 
 (b) In the event
that the Indemnifying Party shall object to the indemnification of an Indemnified Party in respect of any claim or claims specified in any Loss Certificate, the Indemnifying Party shall, within thirty (30) days after receipt by the Indemnifying
Party of such Loss Certificate, deliver to the Indemnified Party a notice to such effect and the Indemnifying Party and the Indemnified Party shall, within the thirty (30) day period beginning on the date of receipt by the Indemnified Party of
such objection, attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims to which the Indemnifying Party shall have so objected. If the Indemnified Party and the Indemnifying Party shall succeed in
reaching agreement on their respective rights with respect to any of such claims, the Indemnified Party and the Indemnifying Party shall promptly prepare and sign a memorandum setting forth such agreement. Should the Indemnified Party and the
Indemnifying Party be unable to agree as to any particular item or items or amount or amounts, then the Indemnified Party and the Indemnifying Party shall submit such dispute to a court of competent jurisdiction. The party which receives a final
judgment in such dispute shall be indemnified and held harmless for all reasonable attorney and consultant’s fees or expenses by the other party. 
 (c) Claims for Losses specified in any Loss Certificate to which an Indemnifying Party shall not object in writing within thirty (30) days of receipt of such Loss Certificate, claims for Losses covered by a
memorandum of agreement of the nature described in 
  

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 Section 16(b), claims for Losses the validity and amount of which have been the subject of judicial
determination as described in Section 16(b) and claims for Losses the validity and amount of which shall have been the subject of a final judicial determination, or shall have been settled with the consent of the Indemnifying Party, as
described in Section 17, are hereinafter referred to, collectively, as “Agreed Claims.” Within ten (10) days of the determination of the amount of any Agreed Claims (the “Agreed Claim Payment Date”), the
Agreed Claim (i) in the case of the indemnification obligations of the Seller and the Shareholders, shall be paid from the Escrow Fund pursuant to the Escrow Agreement (or paid from such other sources as otherwise provided in the following
sentence), subject to Section 15 above, and (ii) in the case of the indemnification obligations of the Buyer, shall be paid in cash or such other means as may then be agreed to among Buyer and the applicable Seller Indemnitee,
subject to Section 15 above. Notwithstanding anything to the contrary herein, in the case of the indemnification obligations of the Seller and the Shareholders, the Indemnifying Party shall have the right, in its sole discretion, to
satisfy the amount of any Agreed Claim by paying the Indemnified Party (1) with Buyer Shares from the Escrow Fund, if then available to satisfy such Agreed Claim; provided, however, that if Buyer Shares from the Escrow Fund are
not then available to satisfy such Agreed Claim, the Indemnifying Party may satisfy the amount of such Agreed Claim with other Buyer Shares valued at a price per share equal to the average closing bid price of Buyer’s common stock as reported
on the Nasdaq Capital Market for the five trading days immediately preceding the Agreed Claim Payment Date, or (2) by wire transfer in immediately available funds to the bank account or accounts designated by the Indemnified Party in a notice
to the Indemnifying Party not less than two (2) business days prior to such payment. 
 (d) All claims made against and paid out of the
Escrow Fund to Buyer Indemnitees shall be made and paid in accordance herewith and with the terms of the Escrow Agreement. For purposes of any calculations required under this Section 16, each Buyer Share paid out of the Escrow Fund shall be
deemed to have a per share value of $5.636 (as such price per share may from time to time be appropriately adjusted for stock splits or combinations, if any). Fractional share amounts resulting from any such calculations shall be rounded upwards to
the nearest whole share. 
 17. Third Party Claims. If a claim by a third party is made against any Indemnified Party, and if such
Indemnified Party intends to seek indemnity with respect thereto under Section 15, such Indemnified Party shall promptly notify the Indemnifying Party of such claims; provided, that the failure to so notify shall not relieve the
Indemnifying Party of its obligations hereunder, except to the extent that the Indemnifying Party is actually and materially prejudiced thereby. The Indemnifying Party shall have thirty (30) days after receipt of such notice to assume the
conduct and control, through counsel reasonably acceptable to the Indemnified Party at the expense of the Indemnifying Party, of the settlement or defense thereof and the Indemnified Party shall cooperate with it in connection therewith;
provided, that (i) the Indemnifying Party shall permit the Indemnified Party to participate in such settlement or defense through counsel chosen by such Indemnified Party, provided that the fees and expenses of such counsel shall be
borne by such Indemnified Party and (ii) the Indemnifying Party shall promptly be entitled to assume the defense of such action only to the extent the Indemnifying Party acknowledges its indemnity obligation and assumes and holds such
Indemnified Party harmless from and against the full amount of any Loss resulting therefrom; provided, further, that the Indemnifying Party shall not be entitled to assume control of such defense and shall pay 
  

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 the fees and expenses of counsel retained by the Indemnified Party if (i) the claim for indemnification relates to
or arises in connection with any criminal proceeding, action, indictment, allegation or investigation; (ii) the claim seeks an injunction or equitable relief against the Indemnified Party; (iii) the Indemnified Party has been advised in
writing by counsel that a reasonable likelihood exists of a conflict of interest between the Indemnifying Party and the Indemnified Party; or (iv) upon petition by the Indemnified Party, the appropriate court rules that the Indemnifying Party
failed or is failing to vigorously prosecute or defend such claim. Any Indemnified Party shall have the right to employ separate counsel in any such action or claim and to participate in the defense thereof, but the fees and expenses of such counsel
shall not be at the expense of the Indemnifying Party unless (x) the Indemnifying Party shall have failed, within a reasonable time after having been notified by the Indemnified Party of the existence of such claim as provided in the preceding
sentence, to assume the defense of such claim, (y) the employment of such counsel has been specifically authorized in writing by the Indemnifying Party, or (z) the named parties to any such action (including any impleaded parties) include
both such Indemnified Party and the Indemnifying Party and such Indemnified Party shall have been advised in writing by such counsel that there may be one or more legal defenses available to the Indemnified Party which are not available to the
Indemnifying Party, or available to the Indemnifying Party the assertion of which would be adverse to the interests of the Indemnified Party. So long as the Indemnifying Party is reasonably contesting any such claim in good faith, the Indemnified
Party shall not pay or settle any such claim. Notwithstanding the foregoing, the Indemnified Party shall have the right to pay or settle any such claim, provided that in such event it shall waive any right to indemnity therefor by the Indemnifying
Party for such claim unless the Indemnifying Party shall have consented to such payment or settlement. If the Indemnifying Party does not notify the Indemnified Party within thirty (30) days after the receipt of the Indemnified Party’s
notice of a claim of indemnity hereunder that it elects to undertake the defense thereof, the Indemnified Party shall have the right to contest, settle or compromise the claim but shall not thereby waive any right to indemnity therefor pursuant to
this Agreement. The Indemnifying Party shall not, except with the consent of the Indemnified Party, enter into any settlement that is not entirely indemnifiable by the Indemnifying Party pursuant to this Agreement and does not include as an
unconditional term thereof the giving by the person or persons asserting such claim to all Indemnified Parties of an unconditional release from all liability with respect to such claim or consent to entry of any judgment. The Indemnifying Party and
the Indemnified Party shall cooperate with each other in all reasonable respects in connection with the defense of any claim, including making available records relating to such claim and furnishing, without expense to the Indemnifying Party and/or
its counsel, such employees of the Indemnified Party as may be reasonably necessary for the preparation of the defense of any such claim or for testimony as witnesses in any proceeding relating to such claim. 
 18. Notices. Any notices or communications required or permitted hereunder shall be sufficiently given if in writing and personally delivered,
telecopied or sent by registered or certified mail, postage prepaid, return receipt requested, or sent by a nationally recognized overnight courier service, addressed as follows or to such other address as any party shall have specified in
conformity with the foregoing: 
  

	 	(a)	If to Buyer, to: 

  

	 	    	Rainmaker Systems, Inc. 

	 	    	900 East Hamilton Avenue, Suite 400 

	 	    	Campbell, California 95008 

	 	    	Attention: Steve Valenzuela 

	 	    	Telecopy No.: (408) 369-0910 

  

 -29- 

 with a copy to: 
  

	 	    	Paul, Hastings, Janofsky & Walker LLP 

	 	    	Five Palo Alto Square, 6th Floor 

	 	    	Palo Alto, California 94306 

	 	    	Attention: David Dedyo 

	 	    	Telecopy No.: (650) 320-1937 

  

	 	(a)	If to Seller, the Representative or the Shareholders, to: 

  

	 	    	ViewCentral, Inc. 

	 	    	779 E. Evelyn Avenue 

	 	    	Mountain View, California 94041 

	 	    	Attention: Brigitte Wilson 

	 	    	Telecopy No.: (650) 967-4576 

  

	 	    	Dan Tompkins 

	 	    	Novus Ventures 

	 	    	20111 Stevens Creek Blvd., Suite 130 

	 	    	Cupertino, California 95014 

	 	    	ddtompkins@novusventures.com and ddtompkins@aol.com 

 with a copy to: 
  

	 	    	Heller Ehrman LLP 

	 	    	275 Middlefield Road 

	 	    	Menlo Park, California 94025 

	 	    	Attention: Mark B. Weeks 

	 	    	Telecopy No.: (650) 324-6682 

 19. Entire
Agreement. This Agreement, including the Exhibits and Schedules hereto represents the entire understanding and agreement among the parties hereto with respect to the subject matter hereof and supersedes all prior agreements, including that
certain letter agreement, dated August 11, 2006, between Seller and Buyer. This Agreement cannot be amended, supplemented or changed, nor can any provision hereof be waived, except by a written instrument signed by the party against whom
enforcement of any such amendment, supplement, modification or waiver is sought. 
 20. Successors. This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective heirs, successors and assigns. No assignment of this Agreement or of any rights or obligations hereunder may be made by any party (by operation of law or otherwise)
without the prior written consent of the other parties and any attempted 
  

 -30- 

 assignment without the required consent shall be void, except that Buyer may without such consent assign this Agreement
or any of its rights or obligations hereunder to one or more affiliates of Buyer. 
 21. Section Headings. The Section headings
contained in this Agreement are for convenience of reference only and shall not affect in any way the meaning or interpretation of this Agreement. 
 22. Applicable Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of Delaware, without regard to the principles thereof relating to conflict of laws. 
 23. Expenses. Each of the parties hereto shall pay its own expenses in connection with this Agreement and the transactions contemplated hereby.
Any and all conveyance, deed, excise, stamp, sales, use, recording, transfer or similar taxes or fees with respect to the sale of the Assets hereunder shall be paid by Seller; provided that, except as otherwise required by law, the parties agree to
use commercially reasonable efforts to cooperate with each other to avoid or minimize any sales, use or other transfer taxes due in connection with the transfer of the Assets, including by Buyer accepting delivery of software assets in the State of
California by electronic transmission from Seller’s place of business to Buyer’s computers in accordance with California Sales and Use Tax Regulation 1502(f)(1)(D), with Seller having no obligation to deliver any tangible assets in
connection with the delivery of such software. 
 24. Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under all applicable laws and regulations. If, however, any provision of this Agreement shall be prohibited by or invalid under any such law or regulation in any jurisdiction, it shall, as to
such jurisdiction, be deemed modified to conform to the minimum requirements of such law or regulation, or, if for any reason it is not deemed so modified, it shall be ineffective and invalid only to the extent of such prohibition or invalidity
without affecting the remaining provisions of this Agreement, or the validity or effectiveness of such provision in any other jurisdiction. 
 25. Counterparts. This Agreement may be executed in one or more counterparts, confirmed by facsimile signatures transmitted by telephone or PDF formatted signatures transmitted by electronic mail, each of which shall be deemed an
original, but all of which together shall constitute one and the same instrument. 
 26. Representative of the Shareholders; Power of
Attorney. 
 (a) The Representative is hereby appointed and authorized by each Shareholder as agent and attorney-in-fact for each
Shareholder, for and on behalf of such Shareholder, to give and receive notices and communications, to execute the Escrow Agreement on behalf of each Shareholder in his capacity as a representative of each Shareholder, to authorize delivery to Buyer
of funds from the Escrow Fund in satisfaction of claims by Buyer or any other Buyer Indemnitee, to object to such deliveries, to agree to, negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts
and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate 
  

 -31- 

 in the judgment of the Representative for the accomplishment of the foregoing. The Representative shall furnish on behalf
of the Shareholders such certificates and other documents as may from time to time be requested by the Escrow Agent. The Representative may be changed by the Shareholders from time to time upon not less than fifteen (15) days’ prior
written notice to Buyer and the Escrow Agent, or such shorter period as shall be acceptable to Buyer and the Escrow Agent in their reasonable discretion; provided that the Representative may not be changed or removed unless Shareholders entitled to
an aggregate of two-thirds interest of the Escrow Fund agree to such removal and to the identity of a substituted Representative. Any vacancy in the position of Representative may be filled by approval of the holders of a majority in interest of the
Escrow Fund. No bond shall be required of the Representative, and the Representative shall not receive compensation for its services. Notices or communications to or from the Representative shall constitute notice to or from each of the
Shareholders, and the Representative is hereby authorized by the Shareholders to give and receive notices and other communications under this Agreement on behalf of each Shareholder (including, without limitation, for purposes of Sections 16
and 17). 
 (b) The Representative shall not be liable for any act done or omitted hereunder as Representative while acting in good faith and
in the exercise of reasonable judgment. The Shareholders shall jointly and severally indemnify the Representative and hold the Representative harmless against any loss, liability or expense incurred without negligence or bad faith on the part of the
Representative and arising out of or in connection with the acceptance or administration of the Representative’s duties hereunder, including the reasonable fees and expenses of any legal counsel retained by the Representative. 
 (c) In order to induce the Representative to act in such capacity, the Representative: 
 (1) shall not be under any duty to give greater consideration to the interest of any Shareholder or Shareholders than to that of any
other Shareholder or Shareholders; 
 (2) may act in reliance upon any statement (oral or written), instrument or signature
believed by the Representative to be genuine and may assume that any such statement, instrument or signature purportedly given by any Shareholder in connection with this Agreement has been given by such Shareholder; 
 (3) shall not be liable to the Shareholders for any mistake of fact or error in judgment or for any acts of omission of any kind unless
by the Representative’s own gross negligence, bad faith or willful misconduct; 
 (4) shall not be required to make any
representation as to the validity, value or genuineness of any document or instrument held by the Representative or delivered by the Representative; 
  

 -32- 

 (5) shall not be obligated to risk its own funds in the course of performing as
Representative; and 
 (6) shall not have any duties or responsibilities except those expressly set forth in this Agreement
or any other agreement to which the Representative is a party and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or shall otherwise exist against the Representative.

 27. Actions of the Representative. A decision, act, consent or instruction of the Representative under or in connection with this
Agreement shall constitute a decision of all the Shareholders and shall be final, binding and conclusive upon each of such Shareholders, and the Escrow Agent and Buyer may rely upon any such decision, act, consent or instruction of the
Representative as being the decision, act, consent or instruction of each and every such Shareholder. The Escrow Agent and Buyer are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act,
consent or instruction of the Representative. 
 28. Termination. This Agreement may be terminated and the sale of Assets contemplated
hereby may be abandoned at any time prior to the Closing Date by either party if the sale of Assets has not been consummated by September 30, 2006. 
 [Signatures follow] 
  

 -33- 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, as of the date first written
above. 
  

			
	RAINMAKER SYSTEMS, INC.
		
	By:	 	 /s/ Michael Silton

	Name:	 	Michael Silton
	Title:	 	President and Chief Executive Officer
	
	VIEWCENTRAL, INC.
		
	By:	 	 /s/ Brigitte Wilson

	Name:	 	Brigitte Wilson
	Title:	 	VP, Finance and Chief Financial Officer

  

	
	REPRESENTATIVE
	
	 /s/ Dan Tompkins

	Dan Tompkins, as Representative

 Signature Page 1 to Asset Purchase Agreement 

 THE SHAREHOLDERS 
  

			
	ARTEMIS VENTURES FUND, L.P.
		
	By:	 	 Artemis Management Co. LLC, its
 General
Partner

		
	By:	 	 /s/ Helen R. S. MacKenzie

		 	Helen R. S. MacKenzie,
		 	Managing Director
	
	ASPEN VENTURES III, L.P.
		
	By:	 	E. David Crockett
	Its:	 	General Partner
		
	By:	 	 /s/ E. David Crockett

	Name:	 	 E. David Crockett

	Title:	 	 General Partner

	
	NOVUS ANNEX FUND, L.P.
		
	By:	 	DT Annex Associates, L.L.C.
	Its	 	General Partner
		
	By:	 	 /s/ Dan Tompkins

	Name:	 	Dan Tompkins
	Title:	 	Managing Director
	
	NOVUS VENTURES, L.P.
		
	By:	 	DT Associates, L.L.C.
	Its	 	General Partner
		
	By:	 	 /s/ Dan Tompkins

	Name:	 	Dan Tompkins
	Title:	 	Managing Director
	
	NOVUS VENTURES II, L.P.
		
	By:	 	DT Associates II, L.L.C.
	Its	 	General Partner
		
	By:	 	 /s/ Dan Tompkins

	Name:	 	Dan Tompkins
	Title:	 	Managing Director

 Signature Page 2 to Asset Purchase Agreement

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