Document:

GUARANTEE
AND COLLATERAL AGREEMENT

 

dated
as of December 3, 2012

 

among

OPTOS CAPITAL PARTNERS, LLC, MDT LABOR,
LLC, FOCUS FIBER SOLUTIONS, LLC, JUS

-COM, INC., CMK RESOURCE GROUP, LLC and TOWNSEND CAREERS, LLC,

as Borrowers,

 

FOCUS VENTURE PARTNERS, INC.

as Guarantor,

 

THE VARIOUS FINANCIAL INSTITUTIONS PARTY
HERETO,

as Lenders,

 

THE
OTHER PARTIES HERETO,

as Grantors,

 

and

ATALAYA ADMINISTRATIVE LLC,

as Administrative Agent

 

	 
	 

 

    	 

    	 

    

 

GUARANTEE AND COLLATERAL AGREEMENT

 

Guarantee and Collateral
Agreement, dated as of December 3, 2012 (this “Agreement”), made by each signatory hereto (together with any
other Person that becomes a party hereto as provided herein, “Grantors”), in favor of ATALAYA ADMINISTRATIVE
LLC, in its capacity as administrative agent ("Agent") for all Lenders party to the Credit Agreement (as hereafter
defined).

 

RECITALS

 

A.           Lenders
have severally agreed to extend credit to Borrowers pursuant to the Credit Agreement. Each Borrower is affiliated with each other
Grantor. The proceeds of credit extended under the Credit Agreement will be used in part to enable Borrowers to make valuable transfers
to Grantors in connection with the operation of their respective businesses. Each Borrower and the other Grantors are engaged in
interrelated businesses, and each Grantor will derive substantial direct and indirect benefit from extensions of credit under the
Credit Agreement.

 

B.           Each
Borrower is a direct or indirect Subsidiary of Focus Venture Partners, Inc., a Nevada corporation ("Guarantor").
Guarantor has guaranteed the payment and the performance of Borrowers' obligations under the Credit Agreement.

 

C.           It
is a condition precedent to each Lender’s obligation to extend credit under the Credit Agreement that Grantors shall have
executed and delivered this Agreement to Agent for the ratable benefit of all Lenders.

 

D.           In
consideration of the premises and to induce Agent and Lenders to enter into the Credit Agreement and to induce Lenders to extend
credit thereunder, each Grantor hereby agrees with Agent, for the ratable benefit of Lenders, as follows:

 

Section 1 Definitions.

 

1.1           Unless
otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement, and the following terms are used herein as defined in the UCC: Accounts, Certificated Security, Chattel Paper, Commercial
Tort Claims, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Farm Products, Goods, Health-Care Insurance Receivables,
Instruments, Inventory, Letter-of-Credit Rights and Supporting Obligations.

 

1.2           When
used herein the following terms shall have the following meanings:

 

Assigned Agreements
means each of the Related Agreements, any stock purchase agreement, asset purchase agreement, merger agreement and any similar
documents entered into by any Grantor either in connection with the Related Transactions or otherwise.

 

Agreement has
the meaning set forth in the preamble hereto.

 

Borrowers' Obligations
means all "Obligations" as such term is defined in the Credit Agreement.

 

    	 

    	 

    

  

Collateral means
(a) all of the assets and personal property now owned or at any time hereafter acquired by any Grantor or in which any Grantor
now has or at any time in the future may acquire any right, title or interest, including all of each Grantor’s Accounts,
Chattel Paper (including Electronic Chattel Paper), Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods,
Health-Care Insurance Receivables, Instruments, Intellectual Property, Inventory, Investment Property, Letter-of-Credit Rights,
Supporting Obligations and Identified Claims, (b) all books and records pertaining to any of the foregoing, (c) all Proceeds and
products of any of the foregoing and (d) all collateral security and guarantees given by any Person with respect to any of the
foregoing; provided, that the Collateral shall not include the Excluded Property. Where the context requires, terms relating
to the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the
relevant part thereof.

 

Copyrights means
all copyrights arising under the laws of the United States, any other country or any political subdivision thereof, whether registered
or unregistered and whether published or unpublished, including those listed on Schedule 5, all registrations and recordings
thereof, and all applications in connection therewith, including all registrations, recordings and applications in the United States
Copyright Office, and the right to obtain all renewals of any of the foregoing.

 

Copyright Licenses
means all written agreements naming any Grantor as licensor or licensee, including those listed on Schedule 5, granting
any right under any Copyright, including the grant of rights to manufacture, distribute, exploit and sell materials derived from
any Copyright.

 

Credit Agreement
means the Credit Agreement of even date herewith among Borrowers, the financial institutions that are from time to time parties
thereto, as Lenders thereunder, and Agent, as amended, supplemented, restated or otherwise modified from time to time.

 

Excluded Property
means, with respect to a Grantor, (a) “intent-to-use” Trademarks until such time as such Grantor begins to use
such Trademarks, and (b) any item of General Intangibles that is now or hereafter held by such
Grantor but only to the extent that such item of General Intangibles (or any agreement evidencing such item of General Intangibles)
contains a term or is subject to a rule of law, statute or regulation that restricts, prohibits, or requires a consent (that has
not been obtained) of a Person (other than such Grantor) to, the creation, attachment or perfection of the security interest granted
herein, and any such restriction, prohibition and/or requirement of consent is effective and enforceable under applicable law and
is not rendered ineffective by applicable law (including, without limitation, pursuant to Sections 9-406, 9-407, 9-408 or 9-409
of the UCC); provided, however, that (x) Excluded Property shall not include, any Proceeds of any item of General
Intangibles, and (y) any item of General Intangibles that at any time ceases to satisfy the criteria for Excluded Property
(whether as a result of the applicable Grantor obtaining any necessary consent, any change in any rule of law, statute or regulation,
or otherwise), shall no longer be Excluded Property and shall automatically constitute a portion of the Collateral subject to the
grant of security contained herein.

 

Fixtures means
all of the following, whether now owned or hereafter acquired by a Grantor: plant fixtures; business fixtures; other fixtures and
storage facilities, wherever located; and all additions and accessories thereto and replacements therefor.

 

Foreign Subsidiary
means any Subsidiary organized under the laws of a jurisdiction other than the United States, any State of the United States or
the District of Columbia.

 

General Intangibles
means all “general intangibles” as such term is defined in Section 9-106 of the UCC and, in any event, including
with respect to any Grantor, all contracts (including all Assigned Agreements and Seller Undertakings), agreements, instruments
and indentures in any form, and portions thereof, to which such Grantor is a party or under which such Grantor has any right, title
or interest or to which such Grantor or any property of such Grantor is subject, as the same from time to time may be amended,
supplemented or otherwise modified, including, without limitation, (a) all rights of such Grantor to receive moneys due and to
become due to it thereunder or in connection therewith, (b) all rights of such Grantor to damages arising thereunder and (c) all
rights of such Grantor to perform and to exercise all remedies thereunder; provided, that the foregoing limitation shall
not affect, limit, restrict or impair the grant by such Grantor of a security interest pursuant to this Agreement in any Receivable
or any money or other amounts due or to become due under any such contract, agreement, instrument or indenture.

 

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Grantor has
the meaning set forth in the preamble to this Agreement.

 

Guarantor's Obligations
means all of such Guarantor’s obligations under this Agreement.

 

Guarantor has
the meaning set forth in the Recitals to this Agreement.

 

Identified Claims
means the Commercial Tort Claims described on Schedule 7 as such schedule may be supplemented from time to time.

 

Intellectual Property
means the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under
United States, multinational or foreign laws or otherwise, including the Copyrights, the Copyright Licenses, the Patents, the Patent
Licenses, the Trademarks and the Trademark Licenses, and all rights to sue at law or in equity for any infringement or other impairment
thereof, including the right to receive all proceeds and damages therefrom.

 

Intercompany Note
means any promissory note evidencing loans made by any Grantor to any other Grantor.

 

Investment Property
means the collective reference to (a) all “investment property” as such term is defined in Section 9-102 of the UCC
(other than the equity interest of any Foreign Subsidiary excluded from the definition of Pledged Equity), (b) all “financial
assets” as such term is defined in Section 8-102(a)(9) of the UCC, and (c) whether or not constituting “investment
property” as so defined, all Pledged Notes and all Pledged Equity.

 

Issuers means
the collective reference to each issuer of any Investment Property.

 

Patents means
(a) all letters patent of the United States, any other country or any political subdivision thereof, all reissues and extensions
thereof and all goodwill associated therewith, including any of the foregoing referred to in Schedule 5, (b) all applications
for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part thereof,
including any of the foregoing referred to in Schedule 5, and (c) all rights to obtain any reissues or extensions of the
foregoing.

 

Patent Licenses
means all agreements, whether written or oral, providing for the grant by or to any Grantor of any right to manufacture, use or
sell any invention covered in whole or in part by a Patent, including any of the foregoing referred to in Schedule 5.

 

Permitted Liens
means the Liens permitted under Section 7.2 of the Credit Agreement.

 

Pledged Equity
means the equity interests of Borrowers listed on Schedule 1, together with any other equity interests, certificates, options
or rights of any nature whatsoever in respect of the equity interests of any Person that may be issued or granted to, or held by,
any Grantor while this Agreement is in effect; provided that in no event shall more than 65% of the total outstanding voting
equity interests of any Foreign Subsidiary constitute Pledged Equity.

 

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Pledged Notes
means all promissory notes listed on Schedule 1, all Intercompany Notes at any time issued to any Grantor and all other
promissory notes issued to or held by any Grantor (other than promissory notes issued in connection with extensions of trade credit
by any Grantor in the ordinary course of business).

 

Proceeds means
all “proceeds” as such term is defined in Section 9-102 of the UCC and, in any event, shall include all dividends or
other income from the Investment Property, collections thereon or distributions or payments with respect thereto.

 

Receivable means
any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument
or Chattel Paper and whether or not it has been earned by performance (including any Accounts).

 

Secured Obligations
means, collectively, the Borrowers' Obligations and Guarantor's Obligations.

 

Securities Act
means the Securities Act of 1933, as amended.

 

Seller Undertakings
means, collectively, all representations, warranties, covenants and agreements in favor of any Grantor, and all indemnifications
for the benefit of any Grantor relating thereto, pursuant to the Assigned Agreements.

 

Trademarks means
(a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service
marks, logos and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter adopted
or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States
Patent and Trademark Office or in any similar office or agency of the United States, any State thereof or any other country or
any political subdivision thereof, or otherwise, and all common-law rights related thereto, including any of the foregoing referred
to in Schedule 5, and (b) the right to obtain all renewals thereof.

 

Trademark Licenses
means, collectively, each agreement, whether written or oral, providing for the grant by or to any Grantor of any right to use
any Trademark, including any of the foregoing referred to in Schedule 5.

 

UCC means the
Uniform Commercial Code as in effect on the date hereof and from time to time in the State of New York, provided
that if by reason of mandatory provisions of law, the perfection or the effect of perfection or non-perfection of the security
interests in any Collateral or the availability of any remedy hereunder is governed by the Uniform Commercial Code as in effect
on or after the date hereof in any other jurisdiction, “UCC” means the Uniform Commercial Code as in effect in such
other jurisdiction for purposes of the provisions hereof relating to such perfection or effect of perfection or non-perfection
or availability of such remedy.

 

Section 2 Guarantee.

 

2.1           Guarantee.
(a) Guarantor hereby, jointly and severally, unconditionally and irrevocably, as a primary obligor and not only a surety, guarantees
to Agent, for the ratable benefit of the Lenders and their respective successors, indorsees, transferees and assigns, the prompt
and complete payment and performance by each Borrower when due (whether at the stated maturity, by acceleration or otherwise) of
the Borrowers Obligations.

 

(b)        Anything
herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of Guarantor hereunder and under the
other Loan Documents shall in no event exceed the amount which can be guaranteed by Guarantor under applicable federal and state
laws relating to the insolvency of debtors (after giving effect to the right of contribution established in Section 2.2).

 

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(c)         Guarantor
agrees that the Secured Obligations may at any time and from time to time exceed the amount of the liability of Guarantor hereunder
without impairing the guarantee contained in this Section 2 or affecting the rights and remedies of Agent or any Lender
hereunder.

 

(d)      
  The guarantee contained in this Section 2 shall remain in full force and effect until all of the Secured
Obligations shall have been Paid in Full.

 

(e)      
  No payment made by any Borrower, Guarantor, any other guarantor or any other Person or received or collected by
Agent or any Lender from any Borrower, the Guarantor, any other guarantor or any other Person by virtue of any action or
proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of
the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of Guarantor hereunder
which shall, notwithstanding any such payment (other than any payment made by Guarantor in respect of the Secured Obligations
or any payment received or collected from Guarantor in respect of the Secured Obligations), remain liable for the Secured
Obligations up to the maximum liability of Guarantor hereunder until the Secured Obligations are Paid in Full.

 

2.2           Intentionally
omitted. 

 

2.3           No
Subrogation. Notwithstanding any payment made by Guarantor hereunder or any set-off or application of funds of Guarantor by
Agent or any Lender, Guarantor shall not be entitled to be subrogated to any of the rights of Agent or any Lender against any Borrower
or any collateral security or guarantee or right of offset held by Agent or any Lender for the payment of the Secured Obligations,
nor shall Guarantor seek or be entitled to seek any contribution or reimbursement from any Borrower in respect of payments made
by Guarantor hereunder, until all of the Secured Obligations are Paid in Full; provided that any such right of contribution or
reimbursement against Borrower (including any right under Section 2.2) shall be irrevocably and automatically waived in
the event the Pledged Equity or other equity securities of any Borrower are sold or otherwise transferred or disposed of in connection
with the exercise of rights and remedies by Agent and Lenders (including in connection with a consensual sale, transfer or other
disposition in lieu of foreclosure). If any amount shall be paid to Guarantor on account of such subrogation rights at any time
when all of the Secured Obligations shall not have been Paid in Full, such amount shall be held by Guarantor in trust for Agent
and the Lenders, segregated from other funds of Guarantor, and shall, forthwith upon receipt by Guarantor, be turned over to Agent
in the exact form received by Guarantor (duly indorsed by Guarantor to Agent, if required), to be applied against the Secured Obligations,
whether matured or unmatured, in a manner that is consistent with the provisions of Section 10.22 of the Credit Agreement.

 

2.4           Amendments,
etc. with respect to the Secured Obligations. Guarantor shall remain obligated hereunder notwithstanding that, without any
reservation of rights against Guarantor and without notice to or further assent by Guarantor, any demand for payment of any of
the Secured Obligations made by Agent or any Lender may be rescinded by Agent or such Lender and any of the Secured Obligations
continued, and the Secured Obligations, or the liability of any other Person upon or for any part thereof, or any collateral security
or guarantee therefor or right of offset with respect thereto, may, from time to time, in whole or in part, be renewed, extended,
amended, modified, accelerated, compromised, waived, surrendered or released by Agent or any Lender, and the Credit Agreement and
the other Loan Documents and any other documents executed and delivered in connection therewith may be amended, modified, supplemented
or terminated, in whole or in part, as Agent (or the Required Lenders or all Lenders, as the case may be) may deem advisable from
time to time, and any collateral security, guarantee or right of offset at any time held by Agent or any Lender for the payment
of the Secured Obligations may be sold, exchanged, waived, surrendered or released. Neither Agent nor any Lender shall have any
obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Secured Obligations or for
the guarantee contained in this Section 2 or any property subject thereto.

 

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2.5           Guarantee
Absolute and Unconditional. Guarantor waives any and all notice of the creation, renewal, extension or accrual of any of the
Secured Obligations and notice of or proof of reliance by Agent or any Lender upon the guarantee contained in this Section 2
or acceptance of the guarantee contained in this Section 2; the Secured Obligations, and any of them, shall conclusively
be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee
contained in this Section 2, and all dealings between any Borrower and Guarantor, on the one hand, and Agent and the Lenders,
on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee contained
in this Section 2. Guarantor waives diligence, presentment, protest, demand for payment and notice of default or nonpayment
to or upon Borrowers or Guarantor with respect to the Secured Obligations. Guarantor understands and agrees that the guarantee
contained in this Section 2 shall be construed as a continuing, absolute and unconditional guarantee of payment without
regard to (a) the validity or enforceability of the Credit Agreement or any other Loan Document, any of the Secured Obligations
or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time
held by Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense of payment or performance) which may
at any time be available to or be asserted by any Borrower or any other Person against Agent or any Lender, or (c) any other circumstance
whatsoever (with or without notice to or knowledge of Borrowers or Guarantor) which constitutes, or might be construed to constitute,
an equitable or legal discharge of Borrowers for the Secured Obligations, or of Guarantor under the guarantee contained in this
Section 2, in bankruptcy or in any other instance. When making any demand hereunder or otherwise pursuing its rights and
remedies hereunder against Guarantor, Agent or any Lender may, but shall be under no obligation to, make a similar demand on or
otherwise pursue such rights and remedies as it may have against Borrowers, Guarantor or any other Person or against any collateral
security or guarantee for the Secured Obligations or any right of offset with respect thereto, and any failure by Agent or any
Lender to make any such demand, to pursue such other rights or remedies or to collect any payments from Borrowers, Guarantor or
any other Person or to realize upon any such collateral security or guarantee or to exercise any such right of offset, or any release
of Borrowers, Guarantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve Guarantor
of any obligation or liability hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available
as a matter of law, of Agent or any Lender against Guarantor. For the purposes hereof “demand” shall include the commencement
and continuance of any legal proceedings.

 

2.6           Reinstatement.
The guarantee contained in this Section 2 shall continue to be effective, or be reinstated, as the case may be, if at any
time payment, or any part thereof, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by
Agent or any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Borrower or Guarantor, or
upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any Borrower
or Guarantor or any substantial part of its property, or otherwise, all as though such payments had not been made.

 

2.7           Payments.
Guarantor hereby guarantees that payments hereunder will be paid to Agent without set-off or counterclaim in Dollars at the office
of Agent specified in the Credit Agreement.

 

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Section 3 Grant
of Security Interest.

 

Each Grantor hereby assigns
and transfers to Agent, and hereby grants to Agent, for the ratable benefit of the Lenders and (to the extent provided herein)
their Affiliates, a security interest in all of its Collateral, as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations.

 

Section 4 Representations
and Warranties.

 

To induce Agent and the
Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective extensions of credit to Borrowers
thereunder, each Grantor jointly and severally hereby represents and warrants to Agent and each Lender that:

 

4.1           Title;
No Other Liens. Except for Permitted Liens, the Grantors own each item of the Collateral free and clear of any and all Liens
or claims of others. No financing statement or other public notice with respect to all or any part of the Collateral is on file
or of record in any public office, except filings evidencing Permitted Liens and filings for which termination statements have
been delivered to Agent.

 

4.2           Perfected
First Priority Liens. The security interests granted pursuant to this Agreement (a) upon completion of the filings and other
actions specified on Schedule 2 (which, in the case of all filings and other documents referred to on Schedule 2,
have been delivered to Agent in completed and duly executed (if applicable) form) will constitute valid perfected security interests
in all of the Collateral in favor of Agent, for the ratable benefit of the Lenders, as collateral security for each Grantor’s
Obligations, enforceable in accordance with the terms hereof against all creditors of each Grantor and any Persons purporting to
purchase any Collateral from each Grantor and (b) are prior to all other Liens on the Collateral in existence on the date hereof
except for Liens expressly permitted by the Credit Agreement. The filings and other actions specified on Schedule 2 constitute
all of the filings and other actions necessary to perfect all security interests granted hereunder.

 

4.3           Grantor
Information. On the date hereof, Schedule 3 sets forth (a) each Grantor’s jurisdiction of organization, (b) the
location of each Grantor’s chief executive office, (c) each Grantor’s exact legal name as it appears on its organizational
documents, (d) each Grantor’s federal employer identification number, and (e) each Grantor’s organizational identification
number.

 

4.4           Collateral
Locations. On the date hereof, Schedule 4 sets forth (a) each place of business of each Grantor (including its chief
executive office), (b) all locations where all Collateral (including a description thereof) owned by each Grantor is kept, except
with respect to Inventory and Equipment with a fair market value of less than $25,000 (in the aggregate for all Grantors)
which may be located at other locations within the United States and (c) whether each such Collateral location and place of business
(including each Grantor’s chief executive office) is owned or leased (and if leased, specifies the complete name and notice
address of each lessor). No Collateral is located outside the United States or in the possession of any lessor, bailee, warehouseman
or consignee, except as indicated on Schedule 4.

 

4.5           Certain
Property. None of the Collateral constitutes, or is the Proceeds of, (a) Farm Products, (b) Health-Care Insurance Receivables
or (c) vessels, aircraft or any other property subject to any certificate of title or other registration statute of the United
States, any State or other jurisdiction, except for personal vehicles owned by the Grantors and used by employees of the Grantors
in the ordinary course of business with an aggregate fair market value of less than $100,000 (in the aggregate for all Grantors).

 

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4.6           Investment
Property. (a) The shares of Pledged Equity pledged by each Grantor hereunder constitute all the issued and outstanding equity
interests of each Issuer owned by such Grantor or, in the case of any Foreign Subsidiary, all issued and outstanding equity interests
of such Foreign Subsidiary owned by such Grantor not in excess of 65% of all issued and outstanding voting equity interests.

 

(b)          All
of the Pledged Equity has been duly and validly issued and is fully paid and nonassessable.

 

(c)          Each
of the Pledged Notes constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in accordance
with its terms (subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar
laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding
in equity or at law) and an implied covenant of good faith and fair dealing).

 

(d)          Schedule
1 lists all Investment Property owned by each Grantor as of the Closing Date. Each Grantor is the record and beneficial owner
of, and has good and marketable title to, the Investment Property pledged by it hereunder, free of any and all Liens or options
in favor of, or claims of, any other Person, except the security interest created by this Agreement and, in the case of Investment
Property which does not constitute Pledged Equity or Pledged Notes, for Permitted Liens.

 

4.7           Receivables.
(a) No material amount payable to any Grantor under or in connection with any Receivable is evidenced by any Instrument or Chattel
Paper which has not been delivered to Agent.

 

(b)          The
amounts represented by such Grantor to the Lenders from time to time as owing to such Grantor in respect of the Receivables (to
the extent such representations are required by any of the Loan Documents) will at all such times be accurate.

 

4.8           Intellectual
Property. (a) Schedule 5 lists all Intellectual Property owned by such Grantor in its own name on the date hereof.

 

(b)          All
material Intellectual Property owned by Guarantor is valid, subsisting, unexpired and enforceable, has not been abandoned and,
to such Grantor’s knowledge, does not infringe the intellectual property rights of any other Person.

 

(c)          Except
as set forth in Schedule 5, as of the Closing Date, none of the Intellectual Property constituting Collateral is the subject
of any licensing or franchise agreement pursuant to which such Grantor is the licensor or franchisor.

 

(d)          No
holding, decision or judgment has been rendered by any Governmental Authority which would limit, cancel or question the validity
of, or any Grantor’s rights in, any Intellectual Property owned by any Grantor in any material respect.

 

(e)          No
action or proceeding is pending, or, to the knowledge of such Grantor, threatened, on the date hereof (i) seeking to limit, cancel
or question the validity of any material Intellectual Property or any Grantor’s ownership interest therein, or (ii) which,
if adversely determined, would adversely affect the value of any material Intellectual Property.

 

(f)          Each
Grantor owns and possesses or has a license or other right to use all Intellectual Property as is necessary for the conduct of
businesses of such Grantor, without any infringement upon rights of others which could reasonably be expected to have a Material
Adverse Effect.

 

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4.9           Depositary
and Other Accounts. All Deposit Accounts and all other depositary and other accounts maintained by each Grantor as of the Closing
Date are described on Schedule 6 hereto, which description includes for each such account the name of the Grantor maintaining
such account, the name, address, telephone and fax numbers of the financial institution at which such account is maintained, the
account number, the type of account and the account officer, if any, of such account.

 

4.10         Excluded
Property. Each Grantor represents, warrants and covenants that it does not own, and will not own, assets which satisfy the
provisions of clause (b) of the definition of Excluded Property, which when aggregated, are material to the business of such Grantor.

 

4.11         Credit
Agreement. Each Grantor makes each of the representations and warranties made by Borrowers in the Credit Agreement (which representations
and warranties shall be deemed to have been renewed upon each borrowing or issuance of a Letter of Credit under the Credit Agreement).
Such representations and warranties are incorporated herein by this reference as if fully set forth herein.

 

Section 5 Covenants.

 

Each Grantor covenants
and agrees with Agent and the Lenders that, from and after the date of this Agreement until the Secured Obligations shall have
been Paid in Full:

 

5.1           Delivery
of Instruments, Certificated Securities and Chattel Paper. If any amount payable under or in connection with any of the Collateral
in excess of $25,000 (in the aggregate for all Grantors) shall be or become evidenced by any Instrument, Certificated Security
or Chattel Paper, such Instrument, Certificated Security or Chattel Paper shall be immediately delivered to Agent, duly indorsed
in a manner satisfactory to Agent, to be held as Collateral pursuant to this Agreement and in the case of Electronic Chattel Paper,
the applicable Grantor shall cause Agent to have control thereof within the meaning set forth in Section 9-105 of the UCC. In the
event that an Event of Default shall have occurred and be continuing, upon the request of Agent, any Instrument, Certificated Security
or Chattel Paper not theretofore delivered to Agent and at such time being held by any Grantor shall be immediately delivered to
Agent, duly indorsed in a manner satisfactory to Agent, to be held as Collateral pursuant to this Agreement and in the case of
Electronic Chattel Paper, the applicable Grantor shall cause Agent to have control thereof within the meaning set forth in Section
9-105 of the UCC.

 

5.2           Maintenance
of Perfected Security Interest; Further Documentation. (a) Such Grantor shall maintain the security interest created by this
Agreement as a perfected security interest having at least the priority described in Section 4.2 and shall defend such security
interest against the claims and demands of all Persons whomsoever.

 

(b)          Such
Grantor will furnish to Agent and the Lenders from time to time statements and schedules further identifying and describing the
assets and property of such Grantor and such other reports in connection therewith as Agent may reasonably request, all in reasonable
detail.

 

    	-9-

    	 

    

 

(c)          At
any time and from time to time, upon the written request of Agent, and at the sole expense of such Grantor, such Grantor will promptly
and duly execute and deliver, and have recorded, such further instruments and documents and take such further actions as Agent
may reasonably request for the purpose of obtaining or preserving the full benefits of this Agreement and of the rights and powers
herein granted, including (i) filing any financing or continuation statements under the UCC (or other similar laws) in effect in
any jurisdiction with respect to the security interests created hereby and (ii) in the case of Investment Property, Deposit Accounts,
Electronic Chattel Paper and Letter of Credit Rights and any other relevant Collateral, taking any actions necessary to enable
Agent to obtain “control” (within the meaning of the applicable UCC) with respect thereto, in each case pursuant to
documents in form and substance satisfactory to Agent and (iii) during the continuance of an Event of Default, if requested by
Agent, delivering, to the extent permitted by law, any original motor vehicle certificates of title received by such Grantor from
the applicable secretary of state or other Governmental Authority reflecting Agent’s security interest has been recorded
therein.

 

(d)          Each
Grantor authorizes Agent to, at any time and from time to time, file financing statements, continuation statements, and amendments
thereto that describe the Collateral (including describing the Collateral as “all assets” of each Grantor, or words
of similar effect), and which contain any other information required pursuant to the UCC for the sufficiency of filing office acceptance
of any financing statement, continuation statement, or amendment, and each Grantor agrees to furnish any such information to Agent
promptly upon request. Any such financing statement, continuation statement, or amendment may be signed (to the extent signature
of a Grantor is required under applicable law) by Agent on behalf of any Grantor and may be filed at any time in any jurisdiction.

 

(e)          Each
Grantor shall, at any time and from time and to time, take such steps as Agent may reasonably request for Agent (i) to obtain an
acknowledgement, in form and substance reasonably satisfactory to Agent, of any bailee having possession of any of the Collateral,
stating that the bailee holds such Collateral for Agent, (ii) to obtain “control” of any letter-of-credit rights, or
electronic chattel paper (as such terms are defined by the UCC with corresponding provisions thereof defining what constitutes
“control” for such items of Collateral), with any agreements establishing control to be in form and substance reasonably
satisfactory to Agent, and (iii) otherwise to insure the continued perfection and priority of Agent’s security interest in
any of the Collateral and of the preservation of its rights therein.

 

(f)          Without
limiting the generality of the foregoing, if any Grantor at any time holds or acquires an interest in any electronic chattel paper
or any “transferable record”, as that term is defined in Section 201 of the federal Electronic Signatures in Global
and National Commerce Act, or in §16 of the Uniform Electronic Transactions Act as in effect in any relevant jurisdiction,
such Grantor shall promptly notify Agent thereof and, at the request of Agent, shall take such action as Agent may reasonably request
to vest in Agent “control” under Section 9-105 of the UCC of such electronic chattel paper or control under Section
201 of the federal Electronic Signatures in Global and National Commerce Act or, as the case may be, §16 of the Uniform Electronic
Transactions Act, as so in effect in such jurisdiction, of such transferable record. Agent agrees with the Grantors that Agent
will arrange, pursuant to procedures satisfactory to Agent and so long as such procedures will not result in Agent’s loss
of control, for the Grantors to make alterations to the electronic chattel paper or transferable record permitted under Section
9-105 of the UCC or, as the case may be, Section 201 of the federal Electronic Signatures in Global and National Commerce Act or
§16 of the Uniform Electronic Transactions Act for a party in control to make without loss of control, unless an Event of
Default has occurred and is continuing or would occur after taking into account any action by any Grantor with respect to such
electronic chattel paper or transferable record.

 

5.3           Changes
in Locations, Name, etc. Such Grantor shall not, except upon 30 days’ prior written notice to Agent and delivery to Agent
of (a) all additional financing statements and other documents reasonably requested by Agent as to the validity, perfection and
priority of the security interests provided for herein and (b) if applicable, a written supplement to Schedule 4 showing
any additional location at which Inventory or Equipment shall be kept:

 

    	-10-

    	 

    

 

(i)             permit
any of the Inventory or Equipment to be kept at a location other than those listed on Schedule 4; provided, that
up to $25,000 (in the aggregate for all Grantors) in fair market value of any such Inventory and Equipment may be kept at
other locations;

 

(ii)           change
the location of its chief executive office from that specified on Schedule 3 or in any subsequent notice delivered pursuant
to this Section 5.3; or

 

(iii)          change
its name, identity or corporate or limited liability company structure.

 

Such Grantor shall not change its jurisdiction
of organization without the prior written consent of Required Lenders.

 

5.4           Notices.
Such Grantor will advise Agent and the Lenders promptly, in reasonable detail, of:

 

(a)        any
Lien (other than Permitted Liens) on any of the Collateral which would adversely affect the ability of Agent to exercise any of
its remedies hereunder; and

 

(b)        the
occurrence of any other event which could reasonably be expected to have a Material Adverse Effect on the aggregate value of the
Collateral or on the Liens created hereby.

 

5.5           Investment
Property. (a) If such Grantor shall become entitled to receive or shall receive any certificate, option or rights in respect
of the equity interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any
of the Pledged Equity, or otherwise in respect thereof, such Grantor shall accept the same as the agent of Agent and the Lenders,
hold the same in trust for Agent and the Lenders and deliver the same forthwith to Agent in the exact form received, duly indorsed
by such Grantor to Agent, if required, together with an undated instrument of transfer covering such certificate duly executed
in blank by such Grantor and with, if Agent so requests, signature guaranteed, to be held by Agent, subject to the terms hereof,
as additional Collateral for the Secured Obligations. Upon the occurrence and during the continuance of an Event of Default, (i)
any sums paid upon or in respect of the Investment Property upon the liquidation or dissolution of any Issuer shall be paid over
to Agent to be held, at Agent’s option, either by it hereunder as additional Collateral for the Secured Obligations or applied
to the Secured Obligations as provided in Section 6.5, and (ii) in case any distribution of capital shall be made on or
in respect of the Investment Property or any property shall be distributed upon or with respect to the Investment Property pursuant
to the recapitalization or reclassification of the capital of any Issuer or pursuant to the reorganization thereof, the property
so distributed shall, unless otherwise subject to a perfected Lien in favor of Agent, be delivered to Agent to be held, at Agent’s
option, either by it hereunder as additional Collateral for the Secured Obligations or applied to the Secured Obligations as provided
in Section 6.5. Upon the occurrence and during the continuance of an Event of Default, if any sums of money or property
so paid or distributed in respect of the Investment Property shall be received by such Grantor, such Grantor shall, until such
money or property is paid or delivered to Agent, hold such money or property in trust for the Lenders, segregated from other funds
of such Grantor, as additional Collateral for the Secured Obligations.

 

(b)        Without
the prior written consent of Agent, such Grantor will not (i) vote to enable, or take any other action to permit, any Issuer to
issue any equity interests of any nature or to issue any other securities or interests convertible into or granting the right to
purchase or exchange for any equity interests of any nature of any Issuer, (ii) sell, assign, transfer, exchange, or otherwise
dispose of, or grant any option with respect to, the Investment Property or Proceeds thereof (except pursuant to a transaction
which is permitted or not prohibited by the Credit Agreement, (iii) create, incur or permit to exist any Lien or option in favor
of, or any claim of any Person with respect to, any of the Investment Property or Proceeds thereof, or any interest therein, except
for Permitted Liens, or (iv) enter into any agreement or undertaking restricting the right or ability of such Grantor or Agent
to sell, assign or transfer any of the Investment Property or Proceeds thereof.

 

    	-11-

    	 

    

 

 

(c)         In
the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating
to the Investment Property issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will
notify Agent promptly in writing of the occurrence of any of the events described in Section 5.5(a) with respect to the
Investment Property issued by it and (iii) the terms of Sections 6.3(c) and 6.7 shall apply to such Grantor with
respect to all actions that may be required of it pursuant to Section 6.3(c) or 6.7 regarding the Investment Property
issued by it.

 

5.6           Receivables.
(a) Except as permitted by the Credit Agreement, Grantors will not (i) grant any extension of the time of payment of any Receivable,
(ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person
liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement
or modify any Receivable in any manner that could adversely affect the value thereof.

 

(b)         Grantors
will deliver Agent a copy of each material demand, notice or document received by it that questions or calls into doubt the validity
or enforceability of more than 5% of the aggregate amount of the then outstanding Receivables of any Grantor.

 

5.7          Intellectual
Property. (a) Each Grantor (either itself or through licensees) will (i) continue to use each Trademark material to its business
on each and every trademark class of goods applicable to its current line as reflected in its current catalogs, brochures and price
lists in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (ii) maintain as in the
past the quality of products and services offered under such Trademark, (iii) use such Trademark with the appropriate notice of
registration and all other notices and legends required by applicable law, (iv) not adopt or use any mark which is confusingly
similar or a colorable imitation of any Trademark unless Agent, for the ratable benefit of the Lenders, shall obtain a perfected
security interest in such mark pursuant to this Agreement, and (v) not (and not permit any licensee or sublicensee thereof to)
do any act or knowingly omit to do any act whereby any Trademark may become invalidated or impaired in any way.

 

(b)         Each
Grantor (either itself or through licensees) will not do any act, or omit to do any act, whereby any material Patent may become
forfeited, abandoned or dedicated to the public.

 

(c)         Each
Grantor (either itself or through licensees) (i) will employ each material Copyright and (ii) will not (and will not permit any
licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any material portion of the Copyrights may
become invalidated or otherwise impaired. Each Grantor will not (either itself or through licensees) do any act whereby any material
portion of the Copyrights may fall into the public domain.

 

(d)         Each
Grantor (either itself or through licensees) will not do any act that knowingly uses any material Intellectual Property to infringe
the intellectual property rights of any other Person.

 

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(e)         Each
Grantor will notify Agent and the Lenders immediately if it knows, or has reason to know, that any application or registration
relating to any material Intellectual Property may become forfeited, abandoned or dedicated to the public, or of any adverse determination
or development (including the institution of, or any such determination or development in, any proceeding in the United States
Patent and Trademark Office, the United States Copyright Office or any court or tribunal in any country) regarding, its ownership
of, or the validity of, any material Intellectual Property or such Grantor’s right to register the same or to own and maintain
the same.

 

(f)         Whenever
a Grantor, either by itself or through any agent, employee, licensee or designee, shall file an application for the registration
of any Intellectual Property with the United States Patent and Trademark Office, the United States Copyright Office or any similar
office or agency in any other country or any political subdivision thereof, such Grantor shall report such filing to Agent concurrently
with the next delivery of financial statements of Borrowers pursuant to Section 6.1.1 or 6.1.2 of the Credit Agreement, as applicable.
Upon the request of Agent, each Grantor shall execute and deliver, and have recorded, any and all agreements, instruments, documents,
and papers as Agent may request to evidence Agent’s and the Lenders’ security interest in any Copyright, Patent or
Trademark and the goodwill and general intangibles of such Grantor relating thereto or represented thereby.

 

(g) 
       Each Grantor will take all reasonable and necessary steps to maintain and pursue
each application (and to obtain the relevant registration) and to maintain each registration of all material Intellectual
Property owned by it.

 

(h)         In
the event that any material Intellectual Property is infringed upon or misappropriated or diluted by a third party, each Grantor
shall (i) take such actions as it shall reasonably deem appropriate under the circumstances to protect such Intellectual Property
and (ii) if such Intellectual Property is of material economic value, promptly notify Agent after it learns thereof and, to the
extent, in its reasonable judgment, it determines it appropriate under the circumstances, sue for infringement, misappropriation
or dilution, to seek injunctive relief where appropriate and to recover any and all damages for such infringement, misappropriation
or dilution.

 

5.8         Seller
Undertakings.

 

(a)            Each
Grantor shall keep Agent informed of all circumstances bearing upon any potential claim under or with respect to the Assigned Agreements
and the Seller Undertakings and such Grantor shall not, without the prior written consent of Agent, (i) waive any of its rights
or remedies under any Assigned Agreement with respect to any of the Seller Undertakings in excess of $25,000, (ii) settle,
compromise or offset any amount payable by the sellers to such Grantor under any Assigned Agreement in excess of $25,000 or (iii) amend
or otherwise modify any Assigned Agreement in any manner which is adverse to the interests of Agent or any Lender.

 

(b)            Each
Grantor shall perform and observe all the terms and conditions of each Assigned Agreement to be performed by it, maintain each
Assigned Agreement in full force and effect, enforce each Assigned Agreement in accordance with its terms and take all such action
to such end as may from time to time be reasonably requested by Agent.

 

(c)            Anything
herein to the contrary notwithstanding, (i) each applicable Grantor shall remain liable under each Assigned Agreement to the
extent set forth therein to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not
been executed, (ii) the exercise by Agent of any of its rights hereunder shall not release any Grantor from any of its duties
or obligations under any Assigned Agreement and (iii) neither Agent nor any other Lender shall have any obligation or liability
under any Assigned Agreement by reason of this Agreement, nor shall Agent or any other Lender be obligated to perform any of the
obligations or duties of any Grantor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder.

 

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5.9           Depositary
and Other Deposit Accounts. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit
account to provide Agent with such information with respect to such deposit account as Agent may from time to time reasonably request,
and each Grantor hereby consents to such information being provided to Agent. Each Grantor will cause each financial institution
at which such Grantor maintains a deposit account, securities account or other similar account to enter into an account control
agreement or other similar agreement with Agent and such Grantor, in form and substance reasonably satisfactory to Agent, in order
to give Agent “control” (within the meaning set forth in Section 9-104 or 8-106 of the UCC, as applicable) of such
account.

 

5.10         Other
Matters. Each of the Grantors shall cause to be delivered to Agent a Collateral Access Agreement with respect to each Borrower’s
chief executive office in a form reasonably satisfactory to Agent, and each of the Grantors shall, at the written request of Agent,
cause to be delivered to Agent a Collateral Access Agreement with respect to other leased real property or other locations (including
bailee and third party warehouse locations) where (a) books and records not duplicated at the chief executive office or (b) collateral
having a fair market value in excess of $25,000 in the aggregate for such location are located. Such requirement may be
waived at the option of Agent.

 

5.11         Guarantor.
Guarantor shall comply in all respects with each affirmative covenant contained in the Credit Agreement with which Borrowers have
agreed to cause Guarantor to comply. Guarantor shall not fail to observe or comply with any negative covenant contained in the
Credit Agreement with which Borrowers have agreed not to permit Guarantor to fail to comply.

 

5.12         Commercial
Tort Claims. If any Grantor shall at any time acquire any Commercial Tort Claim in excess of $25,000, such Grantor shall promptly
(following knowledge of the existence thereof) notify Agent of such Commercial Tort Claim in writing, therein providing a reasonable
description and summary thereof, and upon delivery thereof to Agent, such Grantor shall be deemed to thereby grant to Agent (and
such Grantor hereby grants to Agent) a security interest in such Commercial Tort Claim and all proceeds thereof.

 

5.13         Credit
Agreement. Each of the Grantors covenants that it will, and, if necessary, will cause or enable each Borrower to, fully comply
with each of the covenants and other agreements set forth in the Credit Agreement (for this purpose, each reference in the Credit
Agreement to a Borrower shall be deemed to be a reference to such Grantor).

 

Section 6 Remedial
Provisions.

 

6.1           Certain
Matters Relating to Receivables. (a) At any time and from time to time Agent shall have the right to make test verifications
of the Receivables in any manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish
all such assistance and information Agent may require in connection with such test verifications. At any time and from time to
time after the occurrence and during the continuance of an Event of Default, upon Agent’s request and at the expense of the
relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to Agent to furnish to Agent reports
showing reconciliations, agings and test verifications of, and trial balances for, the Receivables.

 

(b)         At
any time and from time to time at Agent’s request, each Grantor shall deliver to Agent all original and other documents evidencing,
and relating to, the agreements and transactions which gave rise to the Receivables, including all original orders, invoices and
shipping receipts.

 

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(c)         Each
Grantor hereby irrevocably authorizes and empowers Agent, in Agent’s sole discretion, at any time to assert, either directly
or on behalf of such Grantor, any claim such Grantor may from time to time have against the sellers under or with respect to the
Assigned Agreements and to receive and collect any and all damages, awards and other monies resulting therefrom and to apply the
same to the Secured Obligations in accordance with Section 6.5. Each Grantor hereby irrevocably makes, constitutes and appoints
Agent as its true and lawful attorney in fact for the purpose of enabling Agent to assert and collect such claims and to apply
such monies in the manner set forth above, which appointment, being coupled with an interest, is irrevocable.

 

6.2           Communications
with Obligors; Grantors Remain Liable. (a) Agent in its own name or in the name of others may at any time communicate with
obligors under the Receivables to verify with them to Agent’s satisfaction the existence, amount and terms of any Receivables.

 

(b)          Upon
the request of Agent after an Event of Default occurs and is continuing, each Grantor shall notify obligors on the Receivables
that the Receivables have been assigned to Agent for the ratable benefit of the Lenders and that payments in respect thereof shall
be made directly to Agent.

 

(c)          Anything
herein to the contrary notwithstanding, each Grantor shall remain liable in respect of each of the Receivables to observe and perform
all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement
giving rise thereto. Neither Agent nor any Lender shall have any obligation or liability under any Receivable (or any agreement
giving rise thereto) by reason of or arising out of this Agreement or the receipt by Agent or any Lender of any payment relating
thereto, nor shall Agent or any Lender be obligated in any manner to perform any of the obligations of any Grantor under or pursuant
to any Receivable (or any agreement giving rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency
of any payment received by it or as to the sufficiency of any performance by any party thereunder, to present or file any claim,
to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to
which it may be entitled at any time or times.

 

(d)          For
the purpose of enabling Agent to exercise rights and remedies under this Agreement, each Grantor hereby grants to Agent, for the
benefit of Agent and Lenders, an irrevocable, nonexclusive license (exercisable without payment of royalty or other compensation
to such Grantor) to use, license or sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever
the same may be located, and including in such license access to all media in which any of the licensed items may be recorded or
stored and to all computer software and programs used for the compilation or printout thereof.

 

6.3           Investment
Property. (a) Unless an Event of Default shall have occurred and be continuing and Agent shall have given notice to the relevant
Grantor of Agent’s intent to exercise its corresponding rights pursuant to Section 6.3(b), each Grantor shall be permitted
to receive all cash dividends and distributions paid in respect of the Pledged Equity and all payments made in respect of the Pledged
Notes, to the extent permitted in the Credit Agreement, and to exercise all voting and other rights with respect to the Investment
Property; provided, that no vote shall be cast or other right exercised or action taken which could impair the Collateral
or which would be inconsistent with or result in any violation of any provision of the Credit Agreement, this Agreement or any
other Loan Document.

 

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(b)         If
an Event of Default shall occur and be continuing and Agent shall give notice of its intent to exercise such rights to the relevant
Grantor or Grantors, (i) Agent shall have the right to receive any and all cash dividends and distributions, payments or other
Proceeds paid in respect of the Investment Property and make application thereof to the Secured Obligations in accordance with
Section 6.5, and (ii) any or all of the Investment Property shall be registered in the name of Agent or its nominee, and
Agent or its nominee may thereafter exercise (x) all voting and other rights pertaining to such Investment Property at any meeting
of holders of the equity interests of the relevant Issuer or Issuers or otherwise and (y) any and all rights of conversion, exchange
and subscription and any other rights, privileges or options pertaining to such Investment Property as if it were the absolute
owner thereof (including the right to exchange at its discretion any and all of the Investment Property upon the merger, consolidation,
reorganization, recapitalization or other fundamental change in the corporate or other structure of any Issuer, or upon the exercise
by any Grantor or Agent of any right, privilege or option pertaining to such Investment Property, and in connection therewith,
the right to deposit and deliver any and all of the Investment Property with any committee, depositary, transfer agent, registrar
or other designated agency upon such terms and conditions as Agent may determine), all without liability except to account for
property actually received by it, but Agent shall have no duty to any Grantor to exercise any such right, privilege or option and
shall not be responsible for any failure to do so or delay in so doing.

 

(c)          Each
Grantor hereby authorizes and instructs each Issuer of any Investment Property pledged by such Grantor hereunder to (i) comply
with any instruction received by it from Agent in writing that (x) states that an Event of Default has occurred and is continuing
and (y) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Grantor,
and each Grantor agrees that each Issuer shall be fully protected in so complying and (ii) unless otherwise expressly permitted
hereby, pay any dividends, distributions or other payments with respect to the Investment Property directly to Agent.

 

6.4           Proceeds
to be Turned Over To Agent. With respect to payments of Receivables, if an Event of Default shall occur and be continuing,
all Proceeds of Collateral received by any Grantor consisting of cash, checks and other cash equivalent items shall be held by
such Grantor in trust for Agent and the Lenders, segregated from other funds of such Grantor, and shall, forthwith upon receipt
by such Grantor, be turned over to Agent in the exact form received by such Grantor (duly indorsed by such Grantor to Agent, if
required). All Proceeds received by Agent hereunder shall be applied to the Secured Obligations as provided in Section 6.5.

 

6.5           Application
of Proceeds. Except as otherwise provided in the Credit Agreement, Agent may apply all or any part of Proceeds held in any
collateral account established pursuant hereto or otherwise received by Agent to the payment of the Secured Obligations in accordance
with Section 2.12.2 of the Credit Agreement.

 

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6.6           Code
and Other Remedies. If an Event of Default shall occur and be continuing, Agent, on behalf of the Lenders, may exercise, in
addition to all other rights and remedies granted to them in this Agreement and in any other instrument or agreement securing,
evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under the UCC or any other applicable
law. Without limiting the generality of the foregoing, Agent, without demand of performance or other demand, presentment, protest,
advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person
(all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect,
receive, appropriate and realize upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give options
to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in
one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of Agent or any Lender
or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit
or for future delivery with assumption of any credit risk. Agent may disclaim any warranties that might arise in connection with
any such lease, assignment, grant of option or other disposition of Collateral and have no obligation to provide any warranties
at such time. Agent or any Lender shall have the right upon any such public sale or sales, and, to the extent permitted by law,
upon any such private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of
redemption in any Grantor, which right or equity is hereby waived and released. Such sales may be adjourned and continued from
time to time with or without notice. Agent shall have the right to conduct such sales on any Grantor’s premises or elsewhere
and shall have the right to use any Grantor’s premises without charge for such time or times as Agent deems necessary or
advisable. Each Grantor further agrees, at Agent’s request, to assemble the Collateral and make it available to Agent at
places which Agent shall reasonably select, whether at such Grantor’s premises or elsewhere. Agent shall apply the net proceeds
of any action taken by it pursuant to this Section 6.6, after deducting all reasonable costs and expenses of every kind
incurred in connection therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the
Collateral or the rights of Agent and the Lenders hereunder, including reasonable attorneys’ fees and disbursements, to the
payment of the Secured Obligations in accordance with Section 6.5. To the extent permitted by applicable law, each Grantor
waives all claims, damages and demands it may acquire against Agent or any Lender arising out of the exercise by them of any rights
hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed
reasonable and proper if given at least 10 days before such sale or other disposition.

 

6.7           Registration
Rights. (a) If Agent shall determine to exercise its right to sell any or all of the Pledged Equity pursuant to Section
6.6, and if in the opinion of Agent it is necessary or advisable to have the Pledged Equity, or that portion thereof to be
sold, registered under the provisions of the Securities Act, the relevant Grantor will cause the Issuer thereof to (i) execute
and deliver, and cause the directors and officers of such Issuer to execute and deliver, all such instruments and documents, and
do or cause to be done all such other acts as may be, in the opinion of Agent, necessary or advisable to register the Pledged Equity,
or that portion thereof to be sold, under the provisions of the Securities Act, (ii) use its best efforts to cause the registration
statement relating thereto to become effective and to remain effective for a period of one year from the date of the first public
offering of the Pledged Equity, or that portion thereof to be sold, and (iii) make all amendments thereto and/or to the related
prospectus which, in the opinion of Agent, are necessary or advisable, all in conformity with the requirements of the Securities
Act and the rules and regulations of the Securities and Exchange Commission applicable thereto. Each Grantor agrees to cause such
Issuer to comply with the provisions of the securities or “Blue Sky” laws of any and all jurisdictions which Agent
shall designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be
audited) which will satisfy the provisions of Section 11(a) of the Securities Act.

 

(b)         Each
Grantor recognizes that Agent may be unable to effect a public sale of any or all the Pledged Equity, by reason of certain prohibitions
contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to one or more
private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities
for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor acknowledges and agrees
that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding
such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. Agent
shall be under no obligation to delay a sale of any of the Pledged Equity for the period of time necessary to permit the Issuer
thereof to register such securities or other interests for public sale under the Securities Act, or under applicable state securities
laws, even if such Issuer would agree to do so.

 

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(c)         Each
Grantor agrees to use its best efforts to do or cause to be done all such other acts as may be necessary to make such sale or sales
of all or any portion of the Pledged Equity pursuant to this Section 6.7 valid and binding and in compliance with applicable
law. Each Grantor further agrees that a breach of any of the covenants contained in this Section 6.7 will cause irreparable
injury to Agent and the Lenders, that Agent and the Lenders have no adequate remedy at law in respect of such breach and, as a
consequence, that each and every covenant contained in this Section 6.7 shall be specifically enforceable against such Grantor,
and such Grantor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants
except for a defense that no Event of Default has occurred under the Credit Agreement.

 

6.8           Waiver;
Deficiency. Each Grantor waives and agrees not to assert any rights or privileges which it may acquire under Section 9-626
of the UCC. Each Grantor shall remain liable for any deficiency if the proceeds of any sale or other disposition of the Collateral
are insufficient for the Secured Obligations to be Paid in Full and the fees and disbursements of any attorneys employed by Agent
or any Lender to collect such deficiency.

 

Section 7 Agent.

 

7.1           Agent’s
Appointment as Attorney-in-Fact, etc. (a) Each Grantor hereby irrevocably constitutes and appoints Agent and any officer or
agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority
in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the
terms of this Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may
be necessary or desirable to accomplish the purposes of this Agreement, and, without limiting the generality of the foregoing,
each Grantor hereby gives Agent the power and right, on behalf of and at the expense of such Grantor, without notice to or assent
by such Grantor, to do any or all of the following:

 

(i)            in
the name of such Grantor or its own name, or otherwise, take possession of and indorse and collect any checks, drafts, notes, acceptances
or other instruments for the payment of moneys due under any Receivable or with respect to any other Collateral and file any claim
or take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by Agent for the purpose of
collecting any and all such moneys due under any Receivable or with respect to any other Collateral whenever payable;

 

(ii)           in
the case of any Intellectual Property, execute and deliver, and have recorded, any and all agreements, instruments, documents and
papers as Agent may request to evidence Agent’s security interest in such Intellectual Property and the goodwill and general
intangibles of such Grantor relating thereto or represented thereby;

 

(iii)          discharge
Liens levied or placed on or threatened against the Collateral, and effect any repairs or insurance called for by the terms of
this Agreement and pay all or any part of the premiums therefor and the costs thereof;

 

(iv)          execute,
in connection with any sale provided for in Section 6.6 or 6.7, any indorsements, assignments or other instruments of conveyance
or transfer with respect to the Collateral; and

 

    	-18-

    	 

    

  

(v)           (1)
direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due
thereunder directly to Agent or as Agent shall direct; (2) ask or demand for, collect, and receive payment of and receipt for,
any and all moneys, claims and other amounts due or to become due at any time in respect of or arising out of any Collateral; (3)
sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors,
assignments, verifications, notices and other documents in connection with any of the Collateral; (4) commence and prosecute any
suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect the Collateral or any portion
thereof and to enforce any other right in respect of any Collateral; (5) defend any suit, action or proceeding brought against
such Grantor with respect to any Collateral; (6) settle, compromise or adjust any such suit, action or proceeding and, in connection
therewith, give such discharges or releases as Agent may deem appropriate; (7) assign any Copyright, Patent or Trademark, throughout
the world for such term or terms, on such conditions, and in such manner, as Agent shall in its sole discretion determine; (8)
subject to the requirements of Section 6.3 hereof, vote any right or interest with respect to any Investment Property; (9)
order good standing certificates and conduct lien searches in respect of such jurisdictions or offices as Agent may deem appropriate;
and (10) subject to the requirements of Section 6.3 hereof, generally sell, transfer, pledge and make any agreement with
respect to or otherwise deal with any of the Collateral as fully and completely as though Agent were the absolute owner thereof
for all purposes, and do, at Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts
and things which Agent deems necessary to protect, preserve or realize upon the Collateral and Agent’s security interests
therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do.

 

Anything in this Section
7.1(a) to the contrary notwithstanding, Agent agrees that it will not exercise any rights under the power of attorney provided
for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing.

 

(b)         If
any Grantor fails to perform or comply with any of its agreements contained herein, Agent, at its option, but without any obligation
so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement.

 

(c)         Each
Grantor hereby ratifies all that such attorneys shall lawfully do or cause to be done by virtue hereof. All powers, authorizations
and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and
the security interests created hereby are released.

 

7.2           Duty
of Agent. Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its
possession shall be to deal with it in the same manner as Agent deals with similar property for its own account. Neither Agent
or any Lender nor any of their respective officers, directors, employees or agents shall be liable for any failure to demand, collect
or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose
of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the
Collateral or any part thereof. The powers conferred on Agent and the Lenders hereunder are solely to protect Agent’s and
the Lenders’ interests in the Collateral and shall not impose any duty upon Agent or any Lender to exercise any such powers.
Agent and the Lenders shall be accountable only for amounts that they actually receive as a result of the exercise of such powers,
and neither they nor any of their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure
to act hereunder.

 

7.3           Execution
of Financing Statements. Pursuant to Section 9-402 of the UCC and any other applicable law, each Grantor authorizes Agent to
file or record financing statements and other filing or recording documents or instruments with respect to the Collateral without
the signature of such Grantor in such form and in such offices as Agent determines appropriate to perfect the security interests
of Agent under this Agreement. A photographic or other reproduction of this Agreement shall be sufficient as a financing statement
or other filing or recording document or instrument for filing or recording in any jurisdiction.

 

    	-19-

    	 

    

  

7.4           Authority
of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement with respect to any
action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or
remedy provided for herein or resulting or arising out of this Agreement shall, as between Agent and the Lenders, be governed by
the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between
Agent and the Grantors, Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority
so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry respecting
such authority.

 

Section 8 Miscellaneous.

 

8.1           Amendments
in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except
in accordance with Section 10.1 of the Credit Agreement.

 

8.2           Notices.
All notices, requests and demands to or upon Agent or any Grantor hereunder shall be effected in the manner provided for in Section
10.2 of the Credit Agreement.

 

8.3           Indemnification
by Grantors. Each Grantor hereby agrees, on a joint and several basis, to indemnify, exonerate and hold Agent, each Lender
and each of the officers, directors, employees, Affiliates and agents of Agent and each Lender (each a “Lender Party”)
free and harmless from and against any and all actions, causes of action, suits, losses, liabilities, damages and expenses, including
Legal Costs (collectively, the “Indemnified Liabilities”), incurred by Lender Parties or any of them as a result
of, or arising out of, or relating to (a) any tender offer, merger, purchase of equity interests, purchase of assets (including
the Related Transactions) or other similar transaction financed or proposed to be financed in whole or in part, directly or indirectly,
with the proceeds of any of the Loans, (b) the use, handling, release, emission, discharge, transportation, storage, treatment
or disposal of any hazardous substance at any property owned or leased by any Grantor or any Subsidiary, (c) any violation of any
Environmental Laws with respect to conditions at any property owned or leased by any Grantor or any Subsidiary or the operations
conducted thereon, (d) the investigation, cleanup or remediation of offsite locations at which any Grantor or any Subsidiary or
their respective predecessors are alleged to have directly or indirectly disposed of hazardous substances or (e) the execution,
delivery, performance or enforcement of this Agreement or any other Loan Document by any Lender Party, except to the extent any
such Indemnified Liabilities result from the applicable Lender Party’s own gross negligence or willful misconduct as determined
by a court of competent jurisdiction. If and to the extent that the foregoing undertaking may be unenforceable for any reason,
each Grantor hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities
which is permissible under applicable law. The agreements in this Section 8.3 shall survive repayment of the Secured Obligations
(and termination of all Commitments thereunder), any foreclosure under, or any modification, release or discharge of, any or all
of the Collateral Documents and termination of this Agreement.

 

8.4           Enforcement
Expenses. (a) Each Grantor agrees, on a joint and several basis, to pay or reimburse on demand each Lender and Agent for all
reasonable out-of-pocket costs and expenses (including Legal Costs) incurred in collecting against Guarantor under the guarantee
contained in Section 2 or otherwise enforcing or preserving any rights under this Agreement and the other Loan Documents.

 

    	-20-

    	 

    

  

(b)         Each
Grantor agrees to pay, and to save Agent and the Lenders harmless from, any and all liabilities with respect to, or resulting from
any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect
to any of the Collateral or in connection with any of the transactions contemplated by this Agreement.

 

(c)         The
agreements in this Section 8.4 shall survive repayment of the Secured Obligations (and termination of all commitments thereunder),
any foreclosure under, or any modification, release or discharge of, any or all of the Collateral Documents and termination of
this Agreement.

 

8.5           Captions.
Captions used in this Agreement are for convenience only and shall not affect the construction of this Agreement.

 

8.6           Nature
of Remedies. All Secured Obligations of each Grantor and rights of Agent and Lenders expressed herein or in any other Loan
Document shall be in addition to and not in limitation of those provided by applicable law. No failure to exercise and no delay
in exercising, on the part of Agent or any Lender, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege.

 

8.7           Counterparts.
This Agreement may be executed in any number of counterparts and by the different parties hereto on separate counterparts
and each such counterpart shall be deemed to be an original, but all such counterparts shall together constitute but one and the
same Agreement. Receipt by facsimile, emailed .pdf file or other similar form of electronic transmission of any executed signature
page to this Agreement shall constitute effective delivery of such signature page.

 

8.8           Severability.
The illegality or unenforceability of any provision of this Agreement or any instrument or agreement required hereunder shall not
in any way affect or impair the legality or enforceability of the remaining provisions of this Agreement or any instrument or agreement
required hereunder.

 

8.9           Entire
Agreement. This Agreement, together with the other Loan Documents, embodies the entire agreement and understanding among the
parties hereto and supersedes all prior or contemporaneous agreements and understandings of such Persons, verbal or written, relating
to the subject matter hereof and thereof and any prior arrangements made with respect to the payment by any Grantor of (or any
indemnification for) any fees, costs or expenses payable to or incurred (or to be incurred) by or on behalf of Agent or Lenders.

 

8.10         Successors;
Assigns. This Agreement shall be binding upon Grantors, Lenders and Agent and their respective successors and assigns,
and shall inure to the benefit of Grantors, Lenders and Agent and the successors and assigns of Lenders and Agent. No other Person
shall be a direct or indirect legal beneficiary of, or have any direct or indirect cause of action or claim in connection with,
this Agreement or any of the other Loan Documents. No Grantor may assign or transfer any of its rights or Obligations under this
Agreement without the prior written consent of Agent.

 

8.11         Governing
Law. THIS AGREEMENT SHALL BE A CONTRACT MADE UNDER AND GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE
TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES.

 

    	-21-

    	 

    

 

8.12         Forum
Selection; Consent to Jurisdiction. ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT
SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK OR IN THE UNITED STATES DISTRICT COURT FOR THE
SOUTHERN DISTRICT OF NEW YORK; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT,
AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. EACH GRANTOR HEREBY
EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT
COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET FORTH ABOVE. EACH GRANTOR FURTHER IRREVOCABLY
CONSENTS TO THE SERVICE OF PROCESS BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT THE STATE OF NEW
YORK. EACH GRANTOR HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY
NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT REFERRED TO ABOVE AND ANY CLAIM THAT
ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

 

8.13         Waiver
of Jury Trial. EACH GRANTOR, AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO
ENFORCE OR DEFEND ANY RIGHTS UNDER THIS AGREEMENT AND ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN
THE FUTURE BE DELIVERED IN CONNECTION HEREWITH AND AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND
NOT BEFORE A JURY.

 

8.14         Set-off.
Each Grantor agrees that Agent and each Lender have all rights of set-off and bankers’ lien provided by applicable law, and
in addition thereto, each Grantor agrees that at any time any Event of Default exists, Agent and each Lender may apply to the payment
of any Secured Obligations, whether or not then due, any and all balances, credits, deposits, accounts or moneys of such Grantor
then or thereafter with Agent or such Lender.

 

8.15         Acknowledgements.
Each Grantor hereby acknowledges that:

 

(a)          it
has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents to which
it is a party;

 

(b)          neither
Agent nor any Lender has any fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement
or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and Agent and Lenders, on the other
hand, in connection herewith or therewith is solely that of debtor and creditor; and

 

(c)          no
joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby
among the Lenders or among the Grantors and the Lenders.

 

    	-22-

    	 

    

 

8.16         Additional
Grantors. Each Subsidiary of a Borrower that is required to become a party to this Agreement pursuant to the Credit Agreement
shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of a joinder agreement
in the form of Annex I hereto.

 

8.17         Releases.
(a) At such time as the Secured Obligations have been Paid in Full, the Collateral shall be released from the Liens created hereby,
and this Agreement and all obligations (other than those expressly stated to survive such termination) of Agent and each Grantor
hereunder shall terminate, all without delivery of any instrument or performance of any act by any party, and all rights to the
Collateral shall revert to the Grantors. At the request and sole expense of any Grantor following any such termination, Agent shall
deliver to the Grantors any Collateral held by Agent hereunder, and execute and deliver to the Grantors such documents as the Grantors
shall reasonably request to evidence such termination.

 

(b)          If
any of the Collateral shall be sold, transferred or otherwise disposed of by any Grantor in a transaction permitted by the Credit
Agreement, then Agent, at the request and sole expense of such Grantor, shall execute and deliver to such Grantor all releases
or other documents reasonably necessary or desirable for the release of the Liens created hereby on such Collateral.

 

8.18         Obligations
and Liens Absolute and Unconditional. Each Grantor understands and agrees that the obligations of each Grantor under this Agreement
shall be construed as a continuing, absolute and unconditional without regard to (a) the validity or enforceability of any Loan
Document, any of the Secured Obligations or any other collateral security therefor or guaranty or right of offset with respect
thereto at any time or from time to time held by Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense
of payment or performance) which may at any time be available to or be asserted by any Grantor or any other Person against Agent
or any Lender, or (c) any other circumstance whatsoever (with or without notice to or knowledge of any Grantor) which constitutes,
or might be construed to constitute, an equitable or legal discharge of any Grantor for the Secured Obligations, in bankruptcy
or in any other instance. When making any demand hereunder or otherwise pursuing its rights and remedies hereunder against any
Grantor, Agent or any Lender may, but shall be under no obligation to, make a similar demand on or otherwise pursue such rights
and remedies as it may have against any other Grantor or any other Person or against any collateral security or guaranty for the
Secured Obligations or any right of offset with respect thereto, and any failure by Agent or any Lender to make any such demand,
to pursue such other rights or remedies or to collect any payments from any other Grantor or any other Person or to realize upon
any such collateral security or guaranty or to exercise any such right of offset, or any release of any other Grantor or any other
Person or any such collateral security, guaranty or right of offset, shall not relieve any Grantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of
Agent or any Lender against any Grantor. For the purposes hereof “demand” shall include the commencement and continuance
of any legal proceedings.

 

8.19         Reinstatement.
This Agreement shall remain in full force and effect and continue to be effective should any petition be filed by or against Grantor
or any Issuer for liquidation or reorganization, should Grantor or any Issuer become insolvent or make an assignment for the benefit
of creditors or should a receiver or trustee be appointed for all or any significant part of Grantor’s or any Issuer’s
assets, and shall continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the
Secured Obligations, or any part thereof, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be
restored or returned by any obligee of the Secured Obligations, whether as a “voidable preference”, “fraudulent
conveyance”, or otherwise, all as though such payment or performance had not been made. In the event that any payment, or
any part thereof, is rescinded, reduced, restored or returned, the Secured Obligations shall be reinstated and deemed reduced only
by such amount paid and not so rescinded, reduced, restored or returned.

 

    	-23-

    	 

    

 

Each of the undersigned
has caused this Guarantee and Collateral Agreement to be duly executed and delivered as of the date first above written.

 

	 	GRANTORS:

 

	 	OPTOS CAPITAL PARTNERS, LLC

 

	 	By:	Focus Venture Partners, Inc., its
	 	 	sole Member and Manager

 

	 	By:	/s/ Christopher Ferguson
	 	 	Christopher Ferguson
	 	 	President

 

	 	CMK RESOURCE GROUP, LLC
	 	MDT LABOR, LLC, and
	 	FOCUS FIBER SOLUTIONS, LLC

 

	 	By:	Optos Capital Partners, LLC, sole
	 	 	Member and Manager of each of the
	 	 	foregoing limited liability companies

 

	 	By:	Focus Venture Partners, Inc., its
	 	 	sole Member and Manager

 

	 	By:	/s/ Christopher Ferguson
	 	 	Christopher Ferguson
	 	 	President

 

	 	JUS-COM, INC.

 

	 	By:	/s/ Christopher Ferguson
	 	 	Christopher Ferguson
	 	 	President

 

Guarantee and Collateral Agreement

 

    	 

    	 

    

 

	 	TOWNSEND CAREERS, LLC

 

	 	By:	CMK Resource Group, LLC, its
	 	 	sole Member and Manager

 

	 	By:	Optos Capital Partners, LLC, its sole
	 	 	Member and Manager

 

	 	By:	Focus Venture Partners, Inc., its
	 	 	sole Member and Manager

 

	 	By:	/s/ Christopher Ferguson
	 	 	Christopher Ferguson
	 	 	President

 

	 	FOCUS VENTURE PARTNERS, INC.

 

	 	By:	/s/ Christopher Ferguson
	 	 	Christopher Ferguson
	 	 	President

 

Guarantee and Collateral Agreement

 

    	 

    	 

    

 

	 	ATALAYA ADMINISTRATIVE LLC, as
    Agent

 

	 	By:	/s/Michael E. Bogdan
	 	Name:	Michael E. Bogdan
	 	Title:	Authorized Signatory

 

Guarantee and Collateral Agreement

 

    	 

    	 

    

 

SCHEDULE 1

INVESTMENT PROPERTY

 

Guarantee and Collateral Agreement

 

    	 

    	 

    

 

A.           PLEDGED
EQUITY

 

	
        Grantor (owner of

        Record of such Pledged

        Equity)
	 	Issuer	 	
        Pledged Equity

        Description
	 	
        Percentage

        of Issuer
	 	
        Certificate

        (Indicate

        No.)

	Focus Venture Partners, Inc.	 	Optos Capital Partners, LLC	 	Member Interest	 	100%	 	 
	Optos Capital Partners, LLC	 	Focus Fiber Solutions, LLC	 	Member Interest	 	100%	 	 
	Optos Capital Partners, LLC	 	CMK Resource Group, LLC	 	Member Interest	 	100%	 	 
	Optos Capital Partners, LLC	 	MDT Labor, LLC	 	Member Interest	 	100%	 	 
	Optos Capital Partners, LLC	 	Jus-Com, Inc.	 	Common Stock	 	100%	 	 
	CMK Resource Group, LLC	 	Townsend Careers, LLC	 	Member Interest	 	100%	 	 

 

B.           PLEDGED
NOTES

 

	
        Grantor (owner of Record of such

        Pledged Notes)
	 	Issuer	 	Pledged Notes Description
	None	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

  

C.           OTHER
INVESTMENT PROPERTY

 

	Grantor	 	Investment Property Description
	None	 	 
	 	 	 
	 	 	 

 

    	 

    	 

    

 

SCHEDULE 2

 

FILINGS AND PERFECTION

 

	GRANTOR	 	
        FILING REQUIREMENT

        OR OTHER ACTION
	 	FILING OFFICE
	Optos Capital Partners, LLC	 	UCC-1	 	Secretary of State Delaware
	Focus Fiber Solutions, LLC	 	UCC-1	 	Secretary of State Delaware
	CMK Resource Group, LLC	 	UCC-1	 	Secretary of State Delaware
	Townsend Careers, LLC	 	UCC-1	 	Secretary of State Maryland
	Jus-Com, Inc	 	UCC-1	 	Secretary of State Indiana
	MDT Labor, LLC	 	UCC-1	 	Secretary of State Delaware

 

    	 

    	 

    

 

SCHEDULE 3

 

GRANTOR INFORMATION

  

	
        GRANTOR

        (exact legal name)
	 	
        STATE OF

        ORGANIZATION
	 	
        ORGANIZATIONAL

        IDENTIFICATION

        NUMBER
	 	
        FEDERAL

        EMPLOYER

        IDENTIFICATION

        NUMBER
	 	
        CHIEF

        EXECUTIVE

        OFFICE

	Optos Capital Partners, LLC	 	Delaware	 	SRV 080430228-453292	 	26-2419792	 	969 Postal Road, Suite 100, Allentown, PA 18109
	CMK Resource Groups, LLC	 	Delaware	 	SRV081151409-4628233	 	27-0372771	 	969 Postal Road, Suite 100, Allentown, PA 18109
	Focus Fiber Solutions, LLC	 	Delaware	 	SRV 101016717-4887829	 	27-3750765	 	969 Postal Road, Suite 100, Allentown, PA 18109
	MDT Labor, LLC	 	Delaware	 	SRV 101108484-4901466	 	
        90-0638264

         
	 	969 Postal Road, Suite 100, Allentown, PA 18109
	Jus-Com, Inc	 	Indiana	 	000690497-001	 	37-1759531	 	969 Postal Road, Suite 100, Allentown, PA 18109
	Townsend Careers, LLC	 	Maryland	 	W1194628	 	26-0328415	 	969 Postal Road, Suite 100, Allentown, PA 18109

  

    	 

    	 

    

 

SCHEDULE 4

 

A.           COLLATERAL
LOCATIONS

 

	GRANTOR	 	COLLATERAL	 	
        COLLATERAL

        LOCATION

        AND

        PLACE OF BUSINESS

        (INCLUDING CHIEF

        EXECUTIVE OFFICE)
	 	
        OWNER/LESSOR

        (IF LEASED)

	Focus Venture Partners, Inc.	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown, PA 18109	 	Lessor
	Optos Capital Partners, LLC.	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown, PA 18109	 	Lessor
	Focus Fiber Solutions, LLC	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown, PA 18109	 	Lessor
	CMK Resource Group, LLC	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown, PA 18109	 	Lessor
	Townsend Careers, LLC	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown, PA 18109	 	Lessor
	JusCom, Inc	 	Equipment/Books and Records	 	969 Postal Road, Suite 100, Allentown,  PA 18109	 	Lessor
	MDT Labor, LLC	 	Books and Records	 	
        MDT Labor

        2325 Paxton Church Rd.

        Harrisburg, PA 17110
	 	Lessor
	 	 	 	 	 	 	 
	 	 	Equipment/Office Furniture/Books and Records	 	
        MDT Labor, LLC

        9300Shelbyville Place

        Louisville, Kentucky 402222
	 	Lessor

 

    	 

    	 

    

 

	B.       	COLLATERAL IN POSSESSION OF LESSOR,	 
	 	BAILEE, CONSIGNEE OR WAREHOUSEMAN	 

 

	GRANTOR	 	COLLATERAL	 	LESSOR/BAILEE/CONSIGNEE/WAREHOUSEMAN
	Focus Fiber Solutions, LLC	 	None	 	21st Century Bank: 9380 Central Avenue NE Blaine, MN 55434
	Focus Fiber Solutions, LLC	 	None	 	Denholtz Associates: 14 Cliffwood Avenue Suite 200, Matawan, NJ 07747
	Focus Fiber Solutions, LLC	 	None	 	Diamond H. Commerical:3658 N. Racho Drive, Las Vegas, NV 89130
	Focus Fiber Solutions, LLC	 	None	 	Industrial Park Center, LLC/ Ross Brown Partners: 8925 E. Pima Center Parkway, Suite 200 Scottsdale, AZ 85258
	Focus Fiber Solutions, LLC	 	None	 	Mohsen Toosi: 5010 Highway 138, Suite A Union City, GA 30291
	Focus Fiber Solutions, LLC	 	None	 	Porter Realty Company: P.O. Box 6482 Richmond VA 23230
	Focus Fiber Solutions, LLC	 	None	 	Professional Suites at the Galleria: 9130 Galleria Court, Suite 324 Naples, FL 34109
	Focus Fiber Solutions, LLC	 	None	 	Quigley Properties, LLC: 6433 Spring Gulch Street Frederick, CO 80516
	Focus Fiber Solutions, LLC	 	None	 	The Realty Associates Fund VII, LP: 1301 Dove Street, Suite 860 New Port Beach, CA 92660
	Jus-Com, Inc	 	None	 	Justice Properties, LLC: 9250 Corporation Dr.Indianapolis, IN  46256
	Townsend Careers	 	None	 	Urban Southwest-DFW, LLC: 3232 McKinney, Suite 1205, Dallas, TX 75204
	Townsend Careers	 	None	 	Regus Management Group LLC, PO Box 84256, Dallas TX 75284-2456
	Focus Fiber Solutions, LLC	 	None	 	6115 Denton, LLC co/ Lang Real Estate, 7600 John W. Carpenter Freeway, #39, Dallas, TX 75247
	Focus Fiber Solutions, LLC	 	None	 	Deer Valley Investments, LLC of 4920 W. Electra Lane, Glendale, AZ 85310
	Focus Fiber Solutions, LLC	 	None	 	Whitestar Properties, C/O Unistar Management LLC, PO Box  100, Frenchtown, NJ 08825-0100
	MDT Labor, LLC	 	None	 	
        11260 Chester Road, Suite 350

        Cincinnati, OH 45246

         

 

    	 

    	 

    

 

SCHEDULE 5

 

INTELLECTUAL PROPERTY

 

Patents and Patent
Licenses

 

	Grantor	 	
        Patent

        Registration

        Number
	 	
        Patent

        Registration

        Date
	 	
        Patent

        Application

        Number
	 	
        Patent

        Application

        Date

	None	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

Trademarks and Trademark
Licenses

 

	Grantor	 	
        Trademark

        Title
	 	
        Trademark

        Registration

        Number
	 	
        Trademark

        Registration

        Date
	 	
        Trademark

        Application

        Number
	 	
        Trademark

        Application

        Date

	None	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

  

Copyrights

 

	Grantor	 	
        Copyright

        Title
	 	
        Copyright

        Registration

        Number
	 	
        Copyright

        Registration

        Date
	 	
        Copyright

        Application

        Number
	 	
        Copyright

        Application

        Date

	None	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

  

    	 

    	 

    

 

SCHEDULE 6

 

DEPOSITARY AND OTHER
DEPOSIT ACCOUNTS

 

    	 

    	 

    

 

SCHEDULE 7

 

COMMERCIAL TORT
CLAIMS

 

None

 

    	 

    	 

    

 

ANNEX I

 

FORM OF JOINDER TO GUARANTEE AND COLLATERAL
AGREEMENT

 

This JOINDER AGREEMENT
(this “Agreement”) dated as of [______] is executed by the undersigned for the benefit of RFG Fund I, LLC, as
Agent (the “Agent”) in connection with that certain Guarantee and Collateral Agreement dated as of November
____, 2012, among the Grantors party thereto and Agent (as amended, supplemented or modified from time to time, the “Guarantee
and Collateral Agreement”). Capitalized terms not otherwise defined herein are being used herein as defined in the Guarantee
and Collateral Agreement.

 

Each Person signatory
hereto is required to execute this Agreement pursuant to Section 8.16 of the Guarantee and Collateral Agreement.

 

NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each signatory
hereby agrees as follows:

 

1.          Each
such Person assumes all the obligations of a Grantor under the Guarantee and Collateral Agreement and agrees that such Person is
a Grantor and bound as a Grantor under the terms of the Guarantee and Collateral Agreement, as if it had been an original signatory
to the Guarantee and Collateral Agreement. In furtherance of the foregoing, such Person hereby (i) assigns, pledges and grants
to Agent a security interest in all of its right, title and interest in and to the Collateral owned thereby to secure the Secured
Obligations and (ii) guarantees the prompt and complete payment and performance by Borrower when due (whether at the stated maturity,
by acceleration or otherwise) of the Borrower Obligations.

 

2.          Schedules
1, 2, 3, 4, 5, 6 and 7 of the Guarantee and Collateral Agreement are hereby amended
to add the information relating to each such Person set out on Schedules 1, 2, 3, 4, 5, 6
and 7, respectively, hereof. Each such Person hereby makes to Agent the representations and warranties set forth in the
Guarantee and Collateral Agreement applicable to such Person and the applicable Collateral and confirms that such representations
and warranties are true and correct after giving effect to such amendment to such Schedules.

 

3.          In
furtherance of its obligations under Section 5.2 of the Guarantee and Collateral Agreement, each such Person agrees to execute
and deliver to Agent appropriately complete UCC financing statements naming such person or entity as debtor and Agent as secured
party, and describing its Collateral and such other documentation as Agent (or its successors or assigns) may require to evidence,
protect and perfect the Liens created by the Guarantee and Collateral Agreement, as modified hereby.

 

4.          Each
such Person’s address and fax number for notices under the Guarantee and Collateral Agreement shall be the address and fax
number set forth below its signature to this Agreement.

 

5.          This
Agreement shall be deemed to be part of, and a modification to, the Guarantee and Collateral Agreement and shall be governed by
all the terms and provisions of the Guarantee and Collateral Agreement, with respect to the modifications intended to be made to
such agreement, which terms are incorporated herein by reference, are ratified and confirmed and shall continue in full force and
effect as valid and binding agreements of each such person or entity enforceable against such person or entity. Each such person
or entity hereby waives notice of Agent’s acceptance of this Agreement. Each such person or entity will deliver an executed
original of this Agreement to Agent.

 

	 	[add signature block for each new Grantor]INTEREST PURCHASE AGREEMENT

 

 

 

BY AND BETWEEN

 

Optos Capital Partners, LLC 

and

Michael D. Traina

 

For 100% of the Membership Interests
of:

 

MDT LABOR, LLC d/b/a MDT Technical

 

Dated as of December 3, 2012

 

    	 

    	 

    

 

INTEREST PURCHASE AGREEMENT

 

This Interest Purchase
Agreement (the “Agreement”) is made as of December 3, 2012, by and between Optos Capital Partners,
LLC, a Delaware Limited Liability Company (“Buyer”) and Michael D. Traina, whose address is 2 Mercer
Gate Drive, Doylestown, Pennsylvania 18901 (“Seller”).

 

RECITALS

 

WHEREAS, MDT Labor,
LLC d/b/a MDT Technical (the “Company”) operates a services business that provides labor and human resource
solutions, including without limitation, temporary staffing services in the USA market (hereinafter referred to as the “Business”);
and

 

WHEREAS, Michael D.
Traina is the sole member and the owner of all one hundred percent (100%) of the membership interests of the Company; and

 

WHEREAS, Seller agrees
to sell, and Buyer agrees to purchase, all of the issued and outstanding membership interests, including but not limited to client
contracts and property of the Company (the “Interests”) under the terms and conditions of this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing recitals, which are incorporated by reference herein, and the respective representations, warranties,
covenants and agreements set forth below, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Buyer and Seller agree as follows:

 

DEFINITIONS

 

1.1       Certain
Definitions. For purposes of this Agreement, the following terms have the following meanings:

 

“Affiliate”
of a specified Person means a Person who, directly or indirectly through one or more intermediaries, controls, is controlled by,
or is under common control with, such specified Person.

 

“Closing”
has the meaning given to that term in Section 3.1.

 

“Closing
Date” means the date and time as of which the Closing actually takes place.

 

“Computer
Software and Databases” shall mean and include all Company- owned computer software, computer programs and electronic
databases, including Internet web sites of the Company (as such items have been updated, corrected, enhanced, replaced and modified),
and all documentation related thereto.

 

“Contemplated
Transactions” means all of the transactions contemplated by this Agreement, including: (a) the sale of the Interest
by Seller to Buyer; (b) the performance by Buyer and Seller of their respective covenants and obligations under this Agreement;
and (c) Buyer’s acquisition and ownership of the Interest and exercise of control over the Company.

 

    	- 2 -

    	 

    

 

“Encumbrance”
or “Lien” means any charge, claim, community property interest, condition, equitable interest, lien,
option, pledge, security interest, hypothecation, mortgage, right of first refusal, or similar encumbrance or restriction of any
kind, including, without limitation, any restriction on use, voting, transfer, receipt of income, or exercise of any other attribute
of ownership.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor law, and regulations and rules issued pursuant
to that Act or any successor law.

 

“GAAP”
means generally accepted United States accounting principles, applied on a basis consistent with the basis on which the Financial
Statements were prepared.

 

“Governmental
Authorization” means any approval, consent, license, permit, waiver, or other authorization issued, granted, given,
or otherwise made available by or under the authority of any Governmental Body or pursuant to any legal requirement.

 

“Governmental
Body” means any: (a) nation, state, province, county, city, town, village, district, or other jurisdiction of any
nature; (b) federal, state, provincial, local, municipal, foreign, or other government; (c) governmental or quasi-governmental
authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal);
(d) multi-national organization or body; or (e) body exercising, or entitled to exercise, any administrative, executive, judicial,
legislative, police, regulatory, or taxing authority or power of any nature.

 

“Income
Taxes” means all Taxes based upon or measured by gross or net receipts or gross or net income, including Taxes in
the nature of minimum taxes, tax preference items, and alternative minimum taxes, and Taxes on capital or net worth or capital
stock, but excluding Taxes that are in the nature of sales, use, property, Transfer, recording, or similar Taxes.

 

“Indebtedness,”
with respect to any Person, shall mean and include all obligations which, in accordance with GAAP, should be classified on a balance
sheet of such Person as liabilities, and in any event shall include (a) all indebtedness of such Person for (i) borrowed money
or (ii) the deferred purchase price of property, (b) all obligations of such Person evidenced by notes, bonds, debentures,
guarantees, reimbursement agreements, or other similar instruments, (c) all indebtedness created or arising under any conditional
sale or other title retention agreement with respect to property acquired by such Person, (d) all obligations of such Person
as lessee under leases that have been or should be, in accordance with GAAP, recorded as capital leases, and (e) all obligations,
contingent or otherwise, of such Person under acceptance, letter of credit or similar facilities.

 

    	- 3 -

    	 

    

 

“Intellectual
Property” means (a) patents, patent applications and inventions and discoveries that may be patentable, (b) trademarks,
service marks, trade names, fictional business names, service marks, trade dress and domain names, together with the goodwill associated
therewith, (c) copyrights, including copyrights in computer software, (d) all rights in mask works, (e) confidential and proprietary
information, including trade secrets, know-how, customer lists, software, technical information, data, process technology, plans,
drawings, and blue prints, (f) registrations and applications for registration of the foregoing, and (g) all causes of action,
if any, for infringement, conversion or misuse of any of the foregoing, and all rights of recovery related thereto.

 

“IRC”
or “Code” means the Internal Revenue Code of 1986, as amended, or any successor law, and regulations
issued by the IRS pursuant to the Internal Revenue Code or any successor law.

 

“IRS”
means the United States Internal Revenue Service or any successor agency, and, to the extent relevant, the United States Department
of the Treasury.

 

“Legal
Requirement” means any federal, state, provincial, local, municipal, foreign, international, multinational, or other
administrative order, constitution, law, ordinance, principle of common law, regulation, statute, or treaty.

 

“Liability”
means and includes any direct or indirect, primary or secondary, liability, Indebtedness, obligation, penalty, expense (including
costs of investigation, collection and defense), claim, deficiency, guaranty or endorsement of or by any Person (other than endorsements
of notes, bills and checks presented to banks for collection or deposit in the Ordinary Course of Business) of any type, whether
accrued, absolute, contingent, liquidated, unliquidated, matured, unmatured or otherwise.

 

“Material
Adverse Effect” or ”Material Adverse Change” means a material adverse change in the financial condition,
business, assets, liabilities, properties, results of operations or prospects of the Company.

 

“Ordinary
Course of Business” means in the ordinary course of the Company’s business consistent with past practices.

 

“Organizational
Documents” means (a) the articles or certificate of incorporation and the bylaws of a corporation; (b) the
partnership agreement and any statement of partnership of a general partnership; (c) the limited partnership agreement and
the certificate of limited partnership of a limited partnership; (d) articles of organization and operating agreement of a limited
liability company; (e) any charter or similar document adopted or filed in connection with the creation, formation, or organization
of a Person; and (f) any amendment to any of the foregoing.

 

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

 

    	- 4 -

    	 

    

 

“Related
Person” shall mean and include, with regard to any natural Person, their ancestors, descendants or siblings, any
Persons married to any of such individuals and any trustees or other fiduciaries acting for such Person's benefit or for the benefit
of any such individual.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any successor law, and regulations and rules issued pursuant
to that Act or any successor law and any state law that may be applicable to the Contemplated Transactions.

 

“Tax”
or “Taxes” means all taxes, charges, fees, levies or other similar assessments or liabilities, including, without
limitation, income, gross receipts, ad valorem, premium, value-added, excise, real property, personal property, sales, use, services,
transfer, withholding, employment, payroll and franchise taxes imposed by the United States of America or any state, province,
government, foreign taxing authority or any agency thereof, and any interest, fines, penalties, assessments or additions to tax
resulting from, attributable to or incurred in connection with any tax or any contest or dispute thereof.

 

“Tax
Losses” shall mean and include (i) any Tax relating to the Company, its assets or operations for or with respect
to any period up to and including the Closing Date, which are or will be required to be paid by the Company after the Closing Date
and (ii) any increases in Tax of the Company relating to any period after the Closing Date arising out of or in connection with
any breach or inaccuracy in any representation or warranty or any breach of any covenant or agreement made or to be performed by
Seller pursuant to this Agreement. For purposes of the preceding sentence, Tax paid by the Company shall include amounts offset
by a taxing authority against any claim, refund or credit otherwise due such Company.

 

“Tax
Return” means any return (including any information return), report, statement, schedule, notice, form, or other
document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Body in connection
with the determination, assessment, collection, or payment of any Tax or in connection with the administration, implementation,
or enforcement of or compliance with any Legal Requirement relating to any Tax.

 

Article
2.

SALE AND TRANSFER OF INTEREST; PURCHASE PRICE

 

2.1       Interest.
Subject to the terms and conditions of this Agreement, at the Closing, Seller will sell and transfer the Interest and all assets,
including but not limited to client contracts to Buyer, and Buyer will purchase the Interest from Seller, free and clear of all
Liens and Encumbrances. At the time of execution of this Agreement, and from time to time thereafter, Sellers shall execute and
deliver other documents and instruments, and take other actions, as Buyer may reasonably request, in order to more fully vest
in Buyer all right, title, and interest in and to the Seller’s Interest.

 

    	- 5 -

    	 

    

 

2.2       Purchase
Price. The purchase price for the Interest (the “Purchase Price”), shall be payable by Buyer to Seller in the
sum of Seven Million Dollars ($7,000,000.00) to be paid as follows: Three Million Dollars ($3,000,000.00) by wire transfer at the
Closing; Four Million Dollars ($4,000,000.00) by delivery of a Promissory Term Note attached as Exhibit 2.2 (“Note”);
and 12,490,000 shares of the common stock of Focus Venture Partners, Inc., the sole owning member of Buyer.

 

Article
3.

CLOSING, TERMINATION

 

3.1       Closing.
The purchase and sale (the “Closing”) provided for in this Agreement will take place at the Company’s corporate
offices in Pennsylvania within ten (10) days of the satisfaction of the conditions set forth in Articles 7 and 8 of this Agreement
or at such other time and place as the parties may agree, but in no event later than December 31, 2012 (“Closing Deadline”).

 

3.2       Closing
Obligations. At the Closing:

 

Deliveries
by Seller. Seller will deliver, or cause to be delivered, to Buyer:

 

(i)          To
the extent required by Buyer, executed letters of resignation from all officers and managers of the Company, effective upon the
Closing, in forms reasonably acceptable to Buyer;

 

(ii)         written
consents or approvals in form and substance satisfactory to Buyer of each person or entity whose consent or approval is required
to consummate the Contemplated Transactions;

 

(iii)        all
such further instruments and documents as Buyer or Buyer’s counsel may reasonably request for the more effective conveyance,
assignment or transfer to the Buyer of the Interests and consummation of the Contemplated Transactions.

 

Deliveries
by Buyer. Buyer will deliver to Seller:

 

(iv)         the
Purchase Price as set forth in Article 2.2 herein;

 

(v)          the
executed Note as set forth in Article 2.2 herein;

 

(vi)         written
consents or approvals in the form and substance satisfactory to Seller of each person or entity whose consent or approval is required
to consummate the Contemplated Transactions; and

 

(vii)        all
such further instruments and documents as Seller or Seller’s counsel may reasonably request for the more effective conveyance,
assignment or transfer by the Seller of the Interest and consummation of the Contemplated Transactions.

 

    	- 6 -

    	 

    

 

3.3         Termination.
This Agreement and the transactions contemplated by it may be terminated at any time prior to the Closing Date:

 

(a)          By
the mutual consent of Seller and Buyer at any time;

 

(b)          By
Seller, upon a breach of or failure to perform in any material respect any representation, warranty, covenant or agreement on the
part of Buyer set forth in this Agreement, such that the conditions set forth in Article 8 of this Agreement cannot be satisfied
on or prior to the Closing Deadline;

 

(c)          By
Buyer upon a breach of or failure to perform in any material respect any representation, warranty, covenant or agreement on the
part of Seller set forth in this Agreement, such that the conditions set forth in Article 7 of this Agreement cannot be satisfied
on or prior to the Closing Deadline;

 

(d)          By
Buyer at any time, if Buyer determines in good faith that there has occurred any Material Adverse Change, or any condition or event
which is reasonably expected to result in a Material Adverse Change, with respect to the Company; or

 

(e)          By
Seller or Buyer, if the Closing shall not have occurred on or prior to the Closing Deadline.

 

3.4         Notice
of Termination.  Notice of termination of this Agreement, as provided for in this Article 3, shall be given by the party
so terminating to the other parties hereto in accordance with Section 10.1 of this Agreement.

 

3.5         Effect
of Termination.  In the event of a termination of this Agreement pursuant to Section 3.3 hereof, this Agreement, other
than Section 10.2, shall become void and of no further force and effect, and each party shall pay the costs and expenses
incurred by it in connection with this Agreement, and no party (or any of its agents, counsel, representatives, Affiliates or
assigns) shall be liable to any other party for any Loss hereunder. It is agreed that time is of the essence in the
performance and satisfaction of this Agreement and each of the conditions specified in Articles 7 and 8 of this Agreement are
material for purposes of this Agreement.

 

Article
4.

REPRESENTATIONS AND WARRANTIES OF SELLER

 

As an inducement to
Buyer to enter into this Agreement and to consummate the Contemplated Transactions, Seller hereby in good faith represents and
warrants to Buyer, as of the date hereof and as of the Closing Date, as follows:

 

4.1         Organization
and Good Standing.

 

(a)          The
Company is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware,
with full power and authority to conduct its business as it is now being conducted, to own or use the properties and assets that
it purports to own or use, and to perform all of its obligations. The Company is duly qualified to do business as a foreign limited
liability company and is in good standing under the laws of Pennsylvania and of each other jurisdiction in which either the ownership
or use of the properties owned or used by it, or the nature of the activities conducted by it, requires such.

 

    	- 7 -

    	 

    

 

4.2         Authority;
No Conflict.

 

(a)          This
Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.
Upon the execution and delivery by Seller of this Agreement, this Agreement will constitute the legal, valid and binding obligations
of Seller, enforceable against Seller in accordance with its respective terms. Seller has the absolute and unrestricted right,
power, authority, and capacity to execute and deliver this Agreement and to perform its obligations under this Agreement.

 

(b)          Neither
the execution and delivery of this Agreement nor the consummation or performance of any of the Contemplated Transactions will,
directly or indirectly: (i) contravene, conflict with, or result in a violation of (A) any provision of the Organizational
Documents of the Company, or (B) any resolution adopted by the members of the Company; (ii) contravene, conflict with, or
result in a violation of, or give any Governmental Body or other Person the right to challenge any of the Contemplated Transactions
or to exercise any remedy or obtain any relief under, any legal requirement or any order to which the Company or Seller, or any
of the assets owned or used by the Company, may be subject; (iii) contravene, conflict with, or result in a violation of any of
the terms or requirements of, or give any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate, or modify,
any Governmental Authorization that is held by the Company or that otherwise relates to the business of, or any of the assets owned
or used by, the Company; (iv) cause Buyer or the Company to become subject to, or to become liable for the payment of, any Tax;
(v) cause any of the assets owned by the Company to be reassessed or revalued by any taxing authority or other Governmental Body;
or (vi) result in the imposition or creation of any Encumbrance upon or with respect to any of the assets owned or used by the
Company.

 

4.3         Required
Consents. Except as set forth in Schedule 4.3, neither Seller nor the Company is or will be required to give any
notice to or obtain any consent from any Person in connection with the execution and delivery of this Agreement or the consummation
or performance of any of the Contemplated Transactions.

 

4.4         Capitalization.
Seller is and will be on the Closing Date the sole record and beneficial owner and holder of the Interests, free and clear of
all Encumbrances, except as set forth in Schedule 4.4. The delivery to Buyer of the Interest as contemplated in this Agreement
will transfer to Buyer valid title thereto, free and clear of all Encumbrances. The Interests are uncertificated. There are no
contracts relating to the issuance, sale, or transfer of any interests or securities of the Company. There are no options, warrants,
convertible securities or other rights, agreements, arrangements or commitments relating to interests in the Company or obligating
either Seller or Company to issue, sell or redeem any equity interests in the Company. The Company does not own, and does not
have any contract to acquire, any securities of any Person any direct or indirect equity or ownership interest in any other business.
The Organizational Documents of the Company do not contain a provision that the Interests constitute securities governed by Article
8 of the Uniform Commercial Code, and the Interests have not been dealt in or traded on securities exchanges or in securities
markets.

 

    	- 8 -

    	 

    

 

4.5         Financial
Statements. Seller has delivered to Buyer financial statements as follows: (i) unaudited financial statements (including
balance sheet, statements of income, and statement of cash flows) of the Company for the fiscal year ended December 31, 2011 (attached
as Schedule 4.5(i), and (ii) the unaudited 2012 statements (the “Stub Period Financial Statements”) of the
Company for the period January 1, 2012 through June 30, 2012 (attached as Schedule 4.5(ii). (All items in (i) and (ii),
collectively, are referred to as the “Financial Statements”). The Financial Statements fairly present
the financial condition and results of operations of the Company as of the respective dates thereof and for the periods therein
referred to, all in accordance with generally accepted accounting principles; the Financial Statements reflect the consistent
application of such accounting principles throughout the periods involved. Except as reflected in the balance sheet, the Company
has no actual or contingent debts, Liabilities or obligations of any kind, character or description, whether known or unknown,
accrued or unaccrued, absolute or contingent, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint
or several, due or to become due, vested or unvested, executory, determined, determinable or otherwise or matured or unmatured,
except for Liabilities or obligations of any kind arising in the Ordinary Course of Business, not involving borrowings which are
usual and normal in amount, both individually and in the aggregate, and obligations under contracts and commitments accrued in
the Ordinary Course of Business and not required under generally accepted accounting principles to be reflected in the Financial
Statements. No financial statements of any Person other than the Company are required by GAAP to be included in the Financial
Statements of the Company.

 

4.6         Books
and Records. The books of account, minute books and other records of the Company, all of which have been made available
to Buyer, are complete and correct and have been maintained in accordance with sound business practices, including the maintenance
of an adequate system of internal controls. The minute books of the Company contain accurate and complete records of all meetings
held of, and actions taken by, the members of the Company. At the Closing, all of those books and records will be in the possession
of the Company. The Company has none of its records, systems, controls, data or information recorded, stored, maintained, operated
or otherwise wholly or partly dependent upon any means (including any electronic, mechanical or photographic process, whether computerized
or not) which (including all means of access thereto and therefrom) are not under the exclusive ownership and direct control of
the Company.

 

4.7         Title
to Properties; Encumbrances. Schedule 4.7 lists all personal property of the Company having a fair market or replacement
value in excess of one thousand dollars ($1,000.00). Except as set forth in Schedule 4.7, Seller in good faith represents
and warrants to Buyer that, as of the date hereof and as of the Closing Date, the Company owns all of the properties and assets
(whether real, personal, or mixed and whether tangible or intangible) that it purports to own, which are reflected as owned in
the books and records of the Company, or which are necessary to the conduct of the businesses currently conducted by the Company.
As of Closing, all properties and assets shall be owned by the Company free and clear of all Encumbrances and Seller shall own
the Interests free and clear of all Encumbrances.

 

    	- 9 -

    	 

    

 

4.8         Condition
and Sufficiency of Assets. Seller in good faith represents and warrants to Buyer to the extent that Seller has actual knowledge
thereof, as of the date hereof and as of the Closing Date, the tangible assets of the Company are structurally sound, are in good
operating condition and repair, and are adequate for the uses to which they are being put, and none is in need of maintenance or
repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. The assets and properties
owned by the Company are sufficient for the continued conduct of the Company’ businesses after the Closing in substantially
the same manner as conducted prior to the Closing, and no other assets are required for the continued conduct thereof.

 

4.9         Accounts
Receivable. Schedule 4.9 accurately represents the accounts receivable of the Company as of the date hereof and
as the Closing Date (collectively, the “Accounts Receivable”), and represents valid obligations arising
from sales actually made or services actually performed in the Ordinary Course of Business. There is no contest, claim, or right
of set-off under any contract with any obligor of an Account Receivable relating to the amount or validity of such Accounts Receivable.

 

4.10      Taxes.
Seller in good faith represents and warrants to Buyer that, as of the date hereof and as of the Closing Date, except as disclosed
in Schedule 4.10, the Company has filed or will file on a timely basis all tax returns, reports, and declarations in connection
with any foreign, federal, state or local Taxes required to be filed (all of which have been and will be materially correct), and
the Company has paid or will pay all Taxes due and payable in accordance with such tax returns, reports and declarations or otherwise
required to be paid. All such returns, reports and declarations were, and all such returns, reports and declarations to be filed
through the Closing Date will be, correct and complete in all material respects. No agreements, waivers or other arrangements exist
providing for the extension of time with respect to payment by, or assessment against, the Company of any Tax for which the Company
may be directly or indirectly liable. Except as disclosed in Schedule 4.10, there are no Encumbrances on any of the assets
or properties of the Company that arose in connection with any failure (or alleged failure) to pay any Tax. The Company has withheld
and paid or collected and remitted all Taxes required to have been withheld and paid in connection with amounts paid or owing to
any third party, including any employee, independent, supplier, vendor, creditor or stockholder. The Company has made a valid election
(or under applicable state law, an election was made or was deemed to have been made) to be treated as disregarded entity for its
2012 taxable year and has been a valid pass through entity for tax purposes for such year and all subsequent taxable years.

 

4.11      Employee
Benefits.

 

(a)         “Benefit
Plan” means a plan described in ERISA Section 3(3) and any other plans, benefit arrangements, obligations, customs,
or practices to provide benefits as compensation for services rendered to present or former managers, employees, agents, or independent
contractors of the Company, including but not limited to employment or consulting agreements, severance agreements or pay policies,
bonuses, executive or incentive compensation programs or arrangements, sick leave, vacation pay, deferred compensation, bonus,
equity compensation programs, tuition reimbursement or scholarship programs, employee discount programs, meals, travel, or vehicle
allowances, any plans subject to Code Section 125 and any plans providing benefits or payments in the event of a change in ownership
or control.

 

    	- 10 -

    	 

    

 

(b)          Each
Benefit Plan has been maintained in accordance with its documents and is in compliance with ERISA, the Code and all other applicable
federal or state laws and regulations; all required contributions that are due have been made and a proper accrual has been made
for all contributions to become due in the current fiscal year; the Company has properly reserved the right to amend or terminate
each Benefit Plan without the consent of any person; no transactions prohibited by Code Section 4975 or ERISA Section 406 and no
breaches of fiduciary duty described in ERISA Section 404 have occurred; there are no pending or threatened
claims (other than routine benefit claims), assessments, investigations or lawsuits that have been asserted or instituted by, against,
or relating to any Benefit Plans. 

 

4.12       Legal
Compliance. Seller in good faith represents and warrants to Buyer that, as of the date hereof and as of the Closing Date,
the Company has complied in all material respects with all applicable laws of federal, state, local, and foreign governments
and no action, suit, proceeding, hearing or investigation, complaint, claim, demand, or notice has been filed or commenced against
any of them alleging any failure so to comply.

 

4.13       Litigation.
Seller in good faith represents and warrants to Buyer that, as of the date hereof and as of the Closing Date, except as set forth
on Schedule 4.13, there is no litigation, action, suit, governmental investigation, arbitration, proceeding (including administrative
proceedings) (collectively referred to as "Litigation") presently pending or, to the best knowledge of Seller, presently
threatened against or involving the Company or any of its assets or rights or which could affect the performance of this Agreement
or the consummation of the Contemplated Transactions and Seller knows of no valid basis for any potential Litigation. Except as
disclosed in Schedule 4.13, there are no outstanding judgments, awards, orders or decrees against or involving the Company
or its respective assets. Seller has furnished or made available to Buyer copies of all relevant court papers and other documents
relating to the matters set forth in Schedule 4.13. The Company is not in default with respect to any order, writ, injunction,
or decree of any federal, state, local, or foreign court, department, agency, or instrumentality.

 

4.14       Contracts;
No Defaults. Seller in good faith represents and warrants to Buyer that, as of the date hereof and as of the Closing Date,
Seller has disclosed in Schedule 4.14 and Buyer is in possession of all material contracts, agreements, or commitments
in any way related to the Company, including without limitation:

 

(A)         all
guaranties or indemnities;

 

(B)         all
consulting, management service or any other similar type contracts;

 

(C)         all
agreements with any labor union or collective bargaining organization;

 

    	- 11 -

    	 

    

 

(D)         all
employment agreements, severance agreements, indemnification agreements, executive compensation plans, incentive compensation plans,
bonus plans, deferred compensation agreements, employee noncompetition, confidentiality and or secrecy agreements, employee pension
plans or retirement plans, employee profit-sharing plans, employee stock purchase and stock option plans, group life insurance,
hospitalization and dental insurance, disability insurance, clothing allowance program, service record award program; performance
award program, tuition reimbursement program, savings plan, or other plans or arrangements providing for benefits for employees;

 

(E)         all
contracts with any brokers, salesmen, advertisers, commissioned agents or sales representatives;

 

(F)         all
powers of attorney given by the Company to any person or organization for any purpose;

 

(G)         all
agreements limiting the freedom of the Company or its employees to compete in any line of business or in any geographic area or
with any person;

 

(H)         all
other contracts, series of contracts, leases of personal property, arrangements, understandings or agreements which involve future
payments, performance of services or the purchase or sale of goods and/or materials of an individual amount or value in excess
of Five Thousand Dollars ($5,000) or which extends beyond December 31, 2012;

 

(I)     
    a true and complete list of all tangible assets having a replacement value in excess of $1,000, other
than those specifically referred to elsewhere in this Agreement, and the location of certificates or other evidences of title
to these assets;

 

(J)      
   any agreement, contract or commitment which might reasonably be expected to have a potential Material
Adverse Effect on the business or operations of the Company; and

 

(K)         all
leases of real property.

 

Except as set forth
in Schedule 4.14, each of the contracts and agreements is in full force and effect, and except as set forth in such Schedule,
there exists no event of noncompliance, default or event of default by the Company as a party to such contract or agreement, or
to the best of Seller’s knowledge, any other party thereto, or any event, occurrence, condition or act (including the Contemplated
Transactions), which, with the giving of notice, the lapse of time, or both, would become a default or event of default thereunder,
which would constitute an event of noncompliance which would allow a party thereto to require acceleration of performance thereunder
by the Company party thereto, or which would result in the creation of any material lien, charge, or encumbrance upon any assets
of the Company. The Company has not received notice from any other party that such other party claims the Company to be in noncompliance
or default under the contract concerned, or intends, either based on a claimed default by the Company under the contract concerned
or based on a claimed right to do so in the absence of default by the Company, to suspend, cancel, or terminate such contract prior
to the normal date of expiration set forth therein. All such agreements were entered into on an arm's length basis. Seller has
caused to be made available for inspection and copying by Buyer and its advisers true, complete and correct copies of all documents
(including all amendments, supplements, extensions and modifications) referred to herein or in any Schedule attached hereto.

 

    	- 12 -

    	 

    

 

4.15       Employees.
Seller in good faith represents and warrants to Buyer that, as of the date hereof and as of the Closing Date, the Company is in
compliance in all material respects with all applicable laws relating to employment and employment practices, workers’ compensation,
terms and conditions of employment, worker safety, wages and hours and the Worker Adjustment and Retraining Notification Act.
There have been no recent claims of harassment, discrimination, retaliatory act or similar actions against any officer, director
or employee of the Company and no facts exist that would reasonably be expected to give rise to such claims or actions. The Company
has made all required payments to its unemployment compensation reserve accounts with the appropriate governmental departments
of the states and provinces where it is required to maintain such accounts, and each of such accounts has a positive balance.

 

4.16       Intellectual
Property.

 

(a)          Seller
in good faith represents and warrants to Buyer to the extent that Seller has actual knowledge thereof, as of the date hereof and
as of the Closing Date, the Company owns or has the right to use pursuant to licenses or sublicenses, all Intellectual Property
necessary or desirable for the operation of its respective businesses. Each item of Intellectual Property owned or used by the
Company immediately prior to the Closing will be owned or available for use by Buyer on identical
terms and conditions immediately subsequent to the Closing. The Company has taken reasonable action to maintain and protect each
item of Intellectual Property that it owns.

 

(b)          Seller
in good faith represents and warrants to Buyer, as of the date hereof and as of the Closing Date, the Company has not, to Seller’s
knowledge, interfered with, infringed upon, misappropriated, or otherwise come into conflict with any Intellectual Property of
third parties, and the Company has not received any charge, complaint, claim, demand, or notice alleging any such interference,
infringement, misappropriation, or violation (including any claim that the Company must license
or refrain from using any Intellectual Property of any Third party). To the Seller’s knowledge, no third party has interfered
with, infringed upon, misappropriated, or otherwise come into conflict with any Intellectual Property owned by the Company.

 

(c)          Schedule
4.16(c) sets forth a true and complete list of (i) each registration that has been issued to the Company with respect to any
of its Intellectual Property, (ii) each outstanding application for registration that the Company has made with respect to any
of its Intellectual Property, and (iii) each outstanding license or sublicense that the Company has granted to any third party
with respect to any of its Intellectual Property (together with any exceptions). Seller has delivered or made available to Buyer
true, correct and complete copies of all such registrations, applications, licenses or sublicenses (as amended to date) and has
delivered or made available to Buyer true, correct and complete copies of all other written documentation evidencing ownership
and prosecution (if applicable) of each such item. Schedule 4.16(c) also sets forth a true and complete list of each trade
name or unregistered trademark now owned by the Company and used in connection with the business of the Company. With respect to
each item of Intellectual Property owned by the Company required to be identified in Schedule 4.16(c), except as set forth
in such Schedule 4.16(c), the Company:

 

    	- 13 -

    	 

    

 

(i)          possesses
all right, title, and interest in and to the item, free and clear of any lien, license or other restriction;

 

(ii)         the
item is not subject to any outstanding order;

 

(iii)        no
action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand is pending or, to the Seller’ knowledge,
threatened that challenges the legality, validity, enforceability, use, or ownership of the item; and

 

(iv)         except
for any express warranties with respect to products sold, has no outstanding obligations to indemnify any Person for or against
any interference, infringement, misappropriation, or other conflict with respect to the item.

 

4.17       Bank
Accounts; Powers of Attorney.  Seller has disclosed to Buyer each financial institution in which the Company has an
account or safe deposit or lockbox, the account or box number, as the case may be, and each credit card account and the name
of every Person authorized to draw thereon, having access thereto or authorized to make charges thereon, and with respect to
deposit accounts the approximate balances thereof, all restrictions or limitations as to withdrawal (except for time
restrictions applicable to time certificates of deposit), and a list of certificates of deposit and other debt instruments
issued by banks, governments or other obligors. There are no outstanding powers of attorney executed and delivered on behalf
of the Company.

 

4.18       Brokers
or Finders. Company and its agents have incurred no Liability for brokerage or finders’ fees or agents’ commissions
or other similar payment in connection with this Agreement.

 

4.19       Disclosure.
No representation or warranty of Seller in this Agreement or any certificate delivered pursuant hereto or otherwise in connection
with the Contemplated Transactions omits to state a material fact necessary to make the statements herein or therein, in light
of the circumstances in which they were made, not misleading. There is no fact known to Seller that has specific application to
either Seller or the Company (other than general economic or industry conditions) and that has a Materially Adversely Effect or,
as far as Seller can reasonably foresee, is likely to have a Materially Adversely Effect on the assets, business, prospects, financial
condition, or results of operations of the Company (on a consolidated basis) that has not been set forth in this Agreement or
the Schedules hereto.

 

4.20       Subsidiaries;
Investments. The Company has no subsidiaries and no investment (debt or equity, but excluding Ordinary Course of Business
depositary relationships), or legally-binding commitments to make such investments, in any corporation, joint venture, general
or limited partnership, other business enterprise, or other Person, except as set forth on Schedule 4. 20.

 

    	- 14 -

    	 

    

 

4.21     Dealings
with Affiliates. Except as set forth on Schedule 4.21, there are no known outstanding agreements, understandings,
contracts or other arrangements of any kind, written or oral, between any Affiliate of Seller or the Company, any Related Person
of Seller or any such Affiliate, or any Person in which Seller or an Affiliate has an equity ownership interest or to whom Seller
or an Affiliate has loaned money, and the Company that are not disclosed in the financial statements of the Company. Except for
any right to receive reimbursement of documented and income tax-deductible travel and entertainment expenses, accrued and unpaid
salary, and accrued and unused vacation, sick or personal leave (all accrued in the Ordinary Course of Business and on usual and
customary terms), Seller has no knowledge that any Affiliate has and no Person in which an Affiliate has an equity ownership interest
or to whom an Affiliate has loaned money has any other claim, cause of action or rights (whether contractual or otherwise) against
either the Company which will survive the Closing. No Affiliate is receiving, or after Closing will receive, any commission, override,
finder's or service fee or other similar payment from any person contracting with, or providing property, goods or services to
the Company.

 

Article
5.

REPRESENTATIONS AND WARRANTIES OF BUYER

 

As an inducement
to Seller to enter into this Agreement and to consummate the Contemplated Transactions, Buyer hereby represents and warrants to
Seller, as of the date hereof and as of the Closing Date, as follows:

 

5.1         Organization
and Good Standing. Buyer is a limited liability company duly organized, validly existing, and in good standing under the
laws of the State of Delaware,

 

5.2         Authority;
No Conflict.

 

Enforceability.
This Agreement constitutes the legal, valid, and binding obligation of Buyer, enforceable against Buyer in accordance with its
terms. Upon the execution and delivery by Buyer of this Agreement, this Agreement will constitute the legal, valid, and binding
obligations of Buyer, enforceable against Buyer in accordance with its respective terms. Buyer has the absolute and unrestricted
right, power, and authority to execute and deliver this Agreement and to perform its obligations under this Agreement.

 

No Conflict.
Neither the execution and delivery of this Agreement by Buyer nor the consummation or performance of any of the Contemplated Transactions
by Buyer will give any Person the right to prevent, delay, or otherwise interfere with any of the Contemplated Transactions pursuant
to: any provision of Buyer Organizational Documents; any resolution adopted by the board of directors or the stockholders of Buyer;
any legal requirement or order to which Buyer may be subject; or any contract to which Buyer is a party or by which Buyer may be
bound.

 

5.3         Consents.
Buyer is not and will not be required to obtain any consent from any Person in connection with the execution and delivery of this
Agreement or the consummation or performance of any of the Contemplated Transactions, except that Buyer shall receive consent
from its parent company, Focus Venture Partners, Inc. to enter into the transactions contemplated by this Agreement. Buyer shall
receive consent from its parent company, Focus Venture Partners, Inc., to guarantee the obligations of Buyer herein.

 

5.4         Investment
Intent. Buyer is acquiring the Interest for its own account and not with a view to their distribution within the meaning
of the Securities Act. Buyer has had access to and received all information of Seller and the Company that it has requested to
determine whether to enter into this Agreement and has had the opportunity to review such information with counsel and advisors
of its choice.

 

    	- 15 -

    	 

    

 

5.5         Certain
Proceedings. As of the date hereof, there is no pending proceeding that has been commenced against Buyer and that challenges,
or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the Contemplated Transactions.
To Buyer’s knowledge, no such proceeding has been threatened as of the date hereof.

 

5.6         Brokers
or Finders. Buyer and its officers and agents have incurred no liability for brokerage or finders’ fees or agents’
commissions or other similar payment in connection with this Agreement.

 

5.7         Sufficiency
of Funds. Subject to the provisions of Section 7.7 of this Agreement, Buyer has sufficient cash on hand or other sources
of immediately available funds to enable Buyer to make payment of the Purchase Price and other payments set forth in Section 2.2
and to consummate the Closing.

 

Article
6.

COVENANTS

 

6.1         Indebtedness;
Liens; Retained Liabilities.

 

Seller shall
obtain a release of all Liens and Encumbrances on the Interests and on the assets and properties of the Company prior to or at
Closing.

 

6.2         Covenant
Not to Solicit. From and after Closing, Seller covenants and agrees as follows:

 

Non-Solicitation.
In order to allow Buyer to realize the full benefit of its bargain in connection with the purchase of the Interests, Seller will
not, directly or indirectly, acting alone or as a holder of any security of any class, or as an employee, consultant to or representative
of, any corporation or other business entity:

 

(i)          For
a two (2) year period after the Closing Date solicit any customers of the Company for purposes of offering products and services
that are competitive with the products or services offered by the Company, as of the Closing Date, or hire, offer to hire, or solicit
for employment any then current employee of the Company until such employee has been separated from employment by the Company for
at least one year after such employee’s termination of employment with the Company.;

 

For purposes of this Section,
the term "Company" includes the Company, and any successor to the business of the Company, whether by merger or sale
of all or substantially all of its assets.

 

    	- 16 -

    	 

    

 

Severability;
Reformation; Equitable Relief. Seller acknowledges that if the scope of the covenant set forth in this Section 6.2 is
deemed to be too broad in any court proceeding, the court may reduce the scope as it deems reasonable under the circumstances.
Buyer would not have any adequate remedy at law for the breach or threatened breach by Seller of the covenants and agreements set
forth in this Section 6.2 and, accordingly, Buyer and the Company may, in addition to the other remedies that may be available
to it hereunder, file suit in equity to enjoin Seller from such breach or threatened breach and Seller consent to the issuance
of injunctive relief hereunder. The act of Buyer in entering into this Agreement, and Buyer’s covenants and payments hereunder,
constitute sufficient consideration for Seller to agree not to compete against the Company as set out in this Section 6.2.

 

6.3         Further
Assurances. The Parties agree (a) to furnish upon request to each other such further information, (b) to execute
and deliver to each other such other documents, and (c) to do such other acts and things, all as the other party may reasonably
request for the purpose of carrying out the intent of this Agreement and the documents referred to in this Agreement.

 

6.4         Assistance
and Cooperation. After the Closing Date, Seller shall:

 

(a)          assist
(and cause accountants and tax advisors to assist) Buyer in preparing Returns for the Company;

 

(b)          cooperate
fully in preparing for any audits of, or disputes with taxing authorities regarding, any Returns of the Company or its Subsidiaries;

 

(c)          make
available to Buyer and to any taxing authority, as reasonably requested, all information, records, and documents relating to Taxes
of the Company or its Subsidiaries (including information necessary to file extensions and make estimated Tax payments);

 

(d)          provide
timely notice in writing to Buyer of any pending or threatened tax audits or assessments of the Company or its Subsidiaries for
taxable periods for which Buyer may have a liability under this Article 6; and

 

(e)          furnish
Buyer with copies of all correspondence received from any taxing authority in connection with any Tax audit or information request
with respect to any such taxable period.

 

6.5         Operation
in Usual Manner. From and after the date of this Agreement until the Closing, except to the extent Buyer consents in writing:

 

Seller will not
sell, pledge, convey, transfer or encumber or enter into any agreement for the transfer or sale of the Company or any of the Company’s
property or assets.

 

Seller will conduct
the business of the Company in the usual and customary manner and not dispose of any material property or assets, or incur any
material obligation, and will use reasonable commercial efforts (without making any commitments on behalf of Buyer) to preserve
the goodwill of the business.

 

    	- 17 -

    	 

    

 

Seller will not
enter into any contract or commitment, incur any liability or engage in any transaction on behalf of, or relating to the business
of the Company, requiring an expenditure in excess of $1,000, other than in the Ordinary Course of Business and consistent with
past practices, or which is reasonably necessary for the consummation of the transactions contemplated by this Agreement and then
only with the prior written consent of Buyer.

 

Seller will notify
Buyer promptly in writing of any claim, lawsuit, action or proceeding that may be asserted, commenced or threatened (where Seller
has knowledge of such threat and has reason to believe that such threat is likely to result in any such action or proceeding) against
Seller or Company.

 

Seller will notify
Buyer promptly in writing of any fact or occurrence which causes or, as of the Closing Date, would cause any of Seller’s
representations and warranties to be false, inaccurate or misleading.

 

6.6         Access
to Information. From and after the date of this Agreement, Seller shall give Buyer, its counsel, accountants and other
representatives, full access during Seller’s normal business hours, subject to reasonable security measures and reasonable
prior notice, to all of the Assets and all books, records, agreements and commitments relating to the Company, and shall furnish
or cause to be furnished to Buyer’s representatives during such period all such information concerning the Company as Buyer
may reasonably request, subject to the provisions of Section 10.2 hereof.

 

6.7         Compliance
with Laws. Seller will comply with all material applicable laws, rules and regulations of any Governmental Body relating
to the Company or the business of the Company or required to be complied with by Seller in the performance of this Agreement and
for the consummation of the Contemplated Transactions.

 

6.8         Shares
of Common Stock. All shares of capital stock of Buyer’s Parent, Focus Venture Partners, Inc. to be issued in connection
with the transaction contemplated by this Agreement as set forth in Section 2.2 will, when issued, (i) be duly authorized, (ii)
be validly issued, (iii) be fully paid, (iv) be nonassessable, (v) be free and clear of all liens, and (vi) not be subject
to preemptive rights.

 

Article
7.

CONDITIONS PRECEDENT TO BUYER’S OBLIGATION TO CLOSE

 

Buyer’s obligation
to purchase the Interest and to take the other actions required to be taken by Buyer at the Closing is subject to the satisfaction
of each of the following conditions (any of which may be waived by Buyer, in whole or in part):

 

7.1         Accuracy
of Representations. The representations and warranties of Seller set forth in this Agreement shall be true and correct
as of Closing in all material respects, in good faith and to the extent Seller has knowledge thereof.

 

7.2         Seller’s
Performance.

 

Covenants;
Etc. All of the covenants and obligations that Seller is required to perform or to comply with pursuant to this Agreement at
or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), must
have been duly performed and complied with in all material respects.

 

    	- 18 -

    	 

    

 

Documents,
Etc. Each document required to be delivered by Seller pursuant to Section 3.2 must have been delivered.

 

7.3         Consents.
Each of the required consents must have been obtained and must be in full force and effect.

 

7.4         No
Proceedings. Since the date of this Agreement, there must not have been commenced or threatened against the Company, or
against any Person affiliated with the Company, any legal proceeding (a) involving any challenge to, or seeking damages or
other relief in connection with, any of the Contemplated Transactions, or (b) that may have the effect of preventing, delaying,
making illegal, or otherwise interfering with any of the Contemplated Transactions.

 

7.5         No
Claim Regarding Ownership. There must not have been made or threatened by any Person any claim asserting that such Person is
the holder or the beneficial owner of, or has the right to acquire or to obtain beneficial ownership of, any voting, equity, or
ownership interest in the Company.

 

7.6         No
Prohibition. Neither the consummation nor the performance of any of the Contemplated Transactions will, directly or indirectly,
materially contravene, conflict with, or result in a material violation of, or cause Buyer or any Person affiliated with Buyer
to suffer any Material Adverse Consequence under, (a) any applicable legal requirement or order, or (b) any legal requirement
or order that has been published, introduced, or otherwise proposed by or before any Governmental Body.

 

7.7         Financing
Contingency. Buyer’s obligations hereunder shall be contingent upon Buyer’s written confirmation of financing
by a lender acceptable to Buyer in a sum not less than that acceptable to Buyer.

 

7.8         Lease
Assignment. Buyer’s obligations hereunder shall be contingent upon the continued obligation of Lessor regarding any
Lease Agreement attached hereto as Schedule 7.8.

 

7.9         Company
Liabilities. All Liabilities appearing in Schedule 4.5 shall be paid prior to Closing or from sale proceeds at Closing.

 

Article
8.

CONDITIONS PRECEDENT TO SELLER’S OBLIGATION TO CLOSE

 

Seller’s obligation
to sell the Interests and to take the other actions required to be taken by Seller at the Closing is subject to the satisfaction
of each of the following conditions (any of which may be waived by Seller, in whole or in part):

 

8.1         Accuracy
of Representations. The representations and warranties of Buyer set forth in this Agreement shall be true and correct
as of Closing in all material respects

 

    	- 19 -

    	 

    

 

8.2         Buyer’s
Performance.

 

Covenants,
etc. All of the covenants and obligations that Buyer is required to perform or to comply with pursuant to this Agreement at
or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), must
have been performed and complied with in all material respects.

 

Documents,
etc. Buyer must have delivered each of the documents required to be delivered by Buyer pursuant to Section 3.2 and must
be prepared to make the cash payments required to be made by Buyer pursuant thereto.

 

8.3         No
Injunction. There must not be in effect any legal requirement or any injunction or other order that prohibits the sale
of the Interest by Seller to Buyer.

 

8.4        Corporate Guarantee.
Buyer’s parent company, Focus Venture Partners, Inc. shall provide a written guarantee, in a form satisfactory to Seller,
to the Buyer’s obligations under this Agreement and the Promissory Note described in Section 2.2 hereof.

 

Article
9.

INDEMNIFICATION

 

9.1         Seller’s
Indemnity. Seller agrees to indemnify, defend, and hold Buyer and the Company and each of their respective officers, managers,
employees, successors, Affiliates and permitted assigns(collectively, the “Buyer Indemnitees”) harmless from and against
any and all losses, Liability, obligations, claims, demands, lawsuits, actions, assessments, damages ( including punitive, exemplary,
lost profits, and business interruption), or expenses whatsoever (including interest, penalties, fines, attorneys' fees and expenses
(including those incurred to enforce rights to indemnification hereunder, and consultant's fees and other costs of defense or investigation),
and interest on amounts payable as a result of any of the foregoing (collectively, “Damages”) which may be asserted
against, imposed upon or incurred by any of the Buyer Indemnitees by reason of, resulting from, or in connection (directly or indirectly)
with the following:

 

(a)          any
inaccuracy in or breach of any representation or warranty of Seller contained in this Agreement;

 

(b)          any
breach of any covenant or agreement contained in, made, or to be performed by Seller pursuant to this Agreement;

 

(c)          Damages
arising by reason of (A) goods and services provided and sold by the Company prior to the Closing Date; (B) negligent acts or omissions
of the Company and its employees occurring prior to the Closing Date, and (C) Damages arising with respect to the Litigation disclosed
in Schedule 4.13); and

 

(d)          any
Tax Losses resulting from acts of omissions of Company prior to Closing Date.

 

    	- 20 -

    	 

    

 

Since following the Closing the Company
will be owned by the Buyer, Seller acknowledges and agrees that any Damages sustained by the Buyer Indemnitees, or any of them,
with respect to a matter subject to indemnification pursuant to this Section may be recoverable against Seller by either the Company
or Buyer and that in no such case shall Seller have any right of reimbursement or contribution, by subrogation or otherwise, against
the Company. Further, Damages suffered by Buyer Indemnitees by reason of breaches of representations, warranties, covenants, or
agreements of Seller contained in or made pursuant to this Agreement shall be specifically actionable by the Company (as well as
by Buyer) to the same extent as if the Company was party to this Agreement.

 

9.2         Limitations
on Seller’s Indemnity

 

		a.	Indemnity Threshold.  With
respect to any Damages to which Buyer may be entitled to indemnification under Section 9.1, Seller shall not be obligated to indemnify
Buyer for Damages unless and until the accumulation of indemnifiable Losses or Damages exceed the sum of fifty thousand
dollars ($50,000.00) (“Indemnity Threshold”), in which event Seller shall be required to
pay or be liable for all such Damages that exceed the Indemnity Threshold. The limitations set forth in this Section 9.2(a)
shall not apply to or limit the recoveries of the Buyer with respect to any willful misrepresentation or willful breach of warranty
by the Seller, as set forth in Article 4 of this Agreement.

 

		b.	Cap.  The aggregate maximum amount
of all losses for which the Seller shall be liable to pursuant to Article 9.1, shall not exceed one million dollars ($1,000,000.00)
in the aggregate and any loss or Damages related to the Litigation instituted against the Company by Michael L. Martin
and Paris G. Arey in the Commonwealth of Kentucky and currently docketed at Case No. 12CI05572, except that Buyer agrees to pay
all attorneys’ fees and costs related to the defense of Seller relating to this Litigation, which amount, even if it exceeds
the Indemnity Threshold set forth in Section 9.2 a, shall not be the responsibility of the Seller and Seller shall retain the
sole discretion to approve any settlement of this Litigation, which approval shall not be unreasonably withheld. The limitations
set forth in this Section 9.2(b) shall not apply to or limit the recoveries of the Buyer with respect to (i) any willful misrepresentation
or willful breach of warranty by the Sellers, as set forth in Article 4 of this Agreement.

 

		c.	Exceptions to Threshold and Cap. Except
as set forth above in Section 9.2 b, regarding attorneys’ fees and costs relating to the Litigation, neither the provisions
relating to the Indemnity Threshold or the Indemnity Cap shall apply to the Litigation instituted against the Company by
Michael L. Martin and Paris G. Arey in the Commonwealth of Kentucky and currently docketed at Case No. 12CI05572, for which Seller
shall retain all obligation to indemnify Buyer.

 

    	- 21 -

    	 

    

 

9.3.        Buyer’s
Indemnity.  Buyer agrees to indemnify, defend, and hold harmless Seller from and against any and all losses, liabilities,
damages, costs, and expenses (including court costs and reasonable attorneys’ fees) (collectively, “Damages”)
incurred by Seller to the extent arising from or attributable to: (a) the breach of any representation or warranty of Buyer contained
in this Agreement; (b) any breach of any covenant or agreement of Buyer contained in this Agreement; and (c) the operation of the
Company after the Closing Date (including but not limited to Damages arising by reason of (A) goods and services provided and sold
by the Company after the Closing Date; and (B) acts or omissions of the Company and its employees occurring after the Closing Date).

 

9.4         Survival.
Except for those representations and warranties referenced in Sections 4.1, 4.4 and 4.20, which shall survive this Agreement and
shall be perpetual, all representations and warranties of any party contained in this Agreement shall survive the execution and
delivery of this Agreement and the consummation of the Contemplated Transactions, but shall be extinguished and be of no further
force or effect eighteen (18) months after the Closing Date, provided that with respect to any “Tax Claim” (as herein
defined), such representations and warranties shall terminate on the date upon which the Liability to which any such Tax Loss may
relate is barred by all applicable statutes of limitation; and any Damages (excluding attorneys’ fees and costs as set forth
in Section 9.2 b) relating to suit filed against the Company by Michael L. Martin and Paris G. Arey in the Commonwealth of Kentucky,
shall be perpetual.

 

9.5         Procedure
for Indemnification.

 

(a)          Promptly
after receipt by an indemnified party of notice of the commencement of any proceeding against it by a third party, such indemnified
party will, if a claim is to be made against any indemnifying party with respect to such action, give notice to the indemnifying
party of the commencement of such claim.

 

(b)          The
indemnifying party will be entitled to participate in such proceeding and to the extent that it wishes to assume the defense of
such proceeding with counsel reasonably satisfactory to the indemnified party and, after notice from the indemnifying party to
the indemnified party of its election to assume the defense of such proceeding, the indemnifying party will not, as long as it
diligently conducts such defense, be liable to the indemnified party for any fees of other counsel or any other expenses with respect
to the defense of such proceeding subsequently incurred by the indemnified party in connection with the defense of such proceeding.
In connection with any indemnification, the indemnified party will cooperate with all reasonable requests of the indemnifying party.
A claim for indemnification for any matter not involving a third party claim may be asserted by prompt written notice to the party
from whom indemnification is sought, subject to any limitations contained in this Article 9.

 

(c)          The
indemnifying party shall have ten (10) days to object to any notice of claim or loss made by an indemnified party.  If the
indemnifying party objects to such notice of claim or loss, or fails to respond in such time period, the parties shall endeavor
in good faith to settle the dispute through negotiation.  If the dispute cannot be resolved through negotiation, or another
mutually agreeable dispute resolution mechanism, either of the parties has the right to request non-binding mediation.  

 

    	- 22 -

    	 

    

 

Article
10.

GENERAL PROVISIONS

 

10.1         Notices.
 Notices and other communications required by this Agreement will be in writing and delivered by any courier or telecopy (facsimile).
All notices will be addressed as follows:

 

	If to Seller:	Mike Traina
	 	105 Montgomery Ave. suite 1053
	 	Lansdale, PA 19446

 

	With Copy to:  	Joey C. Guarino, Esq.
	 	17757 US 19 N., Suite 660
	 	Clearwater, Florida 33764

 

	If to Buyer:	Christopher Ferguson
	 	Optos Capital Partners, LLC
	 	1866 Leithsville Road, Suite 225
	 	Hellertown, PA   18055

 

	With copy to:	 
	 	Thomas A. Archer, Esquire
	 	Mette, Evans & Woodside
	 	3401 North Front Street
	 	Harrisburg,   PA   17110

 

or such address as shall be furnished by
such notice to the other parties or to such other addresses as may be designated by a proper notice. Notices will be deemed to
be effective upon receipt (or refusal thereof) if sent by recognized overnight delivery service and upon electronically verified
transmission, if such delivery is by facsimile or telecopy transmittal, provided that any such facsimile or telecopy transmittal
is confirmed by sending, within twenty-four (24) hours, a copy of such transmittal by overnight delivery service for next-day delivery.

 

10.2         Confidentiality.
Buyer and Seller will maintain in confidence, and will cause the officers, employees, agents, and advisors of Buyer and the Company
to maintain in confidence, any written, oral, or other information obtained in confidence from another party or the Company in
connection with this Agreement or the Contemplated Transactions, unless (a) such information is already known to such party or
to others not bound by a duty of confidentiality or such information becomes publicly available through no fault of such party,
(b) the use of such information is necessary or appropriate in making any filing or obtaining any consent or approval required
for the consummation of the Contemplated Transactions, or (c) the furnishing or use of such information is required by legal proceedings.
If the Contemplated Transactions are not consummated, each party will return or destroy as much of such written information as
the other party may reasonably request.

 

    	- 23 -

    	 

    

 

10.3         Binding
Agreement; Assignment. This Agreement and the right of the parties hereunder shall be binding upon and inure to the benefit
of the parties hereto and their respective successors, assigns, heirs, estates and legal representatives. This Agreement shall
not be assigned by either party without the express written consent of the other party, which consent shall not be unreasonably
withheld or delayed.

 

10.4         Entire
Agreement; Amendment. This Agreement and the Exhibits and Schedules attached hereto constitute the entire Agreement and
understanding between the parties hereto and supersede and revoke any prior agreement or understanding relating to the subject
matter of this Agreement. No change, amendment, termination, or attempted waiver of any of the provisions hereof shall be binding
upon the other party unless reduced to writing and signed by the party against whom such change, amendment, termination, or waiver
is sought to be enforced.

 

10.5         Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one and the same instrument. Receipt of telecopied or scanned and emailed signature pages shall have the same
legal effect as the receipt of original signature pages.

 

10.6         Expenses.
The parties hereto will each pay their own attorneys and accountant fees, expenses and disbursements in connection with the negotiation
and preparation of this Agreement and the other Contemplated Transactions and all other costs and expenses incurred in performing
and complying with all conditions to be performed under this Agreement and the other Contemplated Transactions,

 

10.7         Further
Assurances. Upon reasonable request from time to time, the parties hereto will deliver and/or execute such further instruments
as are necessary or appropriate to the consummation of the transactions contemplated by this Agreement.

 

10.8         Construction.
Within this Agreement, the singular shall include the plural and the plural shall include the singular, and any gender shall include
the other genders, all as the meaning in the context of this Agreement shall require. Nothing in this Agreement shall be construed
against the draftsperson solely on the basis of drafting alone, given that both parties fully reviewed and negotiated this Agreement
with their counsel. The captions used in this Agreement are inserted for convenience only and shall not constitute a part hereof.

 

10.9         Exhibits
and Schedules. All Exhibits and Schedules attached to this Agreement are by this reference incorporated herein and made
an essential part hereof.

 

10.10       Governing
Law. This Agreement shall be governed and regulated and the rights and liabilities of all parties hereto shall be construed
in accordance with the laws of the Commonwealth of Pennsylvania, without regard to conflicts or choice of laws rules. The parties
agree that the Courts of Common Pleas within Lehigh County, Pennsylvania or the Eastern District Court of Pennsylvania shall maintain
sole jurisdiction over any legal proceedings brought in connection with this Agreement, except for proceedings for injunctive relief
pursuant to Section 6.2, which may be brought in any court of competent jurisdiction.

 

    	- 24 -

    	 

    

 

10.11         No
Third-Party Beneficiaries. This Agreement is not intended, and shall not be deemed, to confer upon or give any Person except
the parties hereto and their respective successors and assigns any remedy, claim, liability, reimbursement, cause of action or
other right under or by reason of this Agreement.

 

10.12         Time
of Essence. Time is of the essence for this Agreement.

 

[Signatures are on the next page]

 

    	- 25 -

    	 

    

 

IN WITNESS WHEREOF, the parties have
executed and delivered this Agreement as of the date first set forth above, intending to be legally bound.

 

	BUYER:
	Optos Capital Partners, LLC
	 
	By:	/s/ Chris Ferguson	 
	Chris Ferguson, Manager
	 
	SELLER:
	 
	Michael D. Traina
	 
	By:/s/ Michael D. Traina
	Michael D. Traina

 

    	- 26 -

    	 

    

 

List of Exhibits and Schedules

 

	Exhibit 2.2	Promissory Note
	Schedule 4.3-	Seller’s Required Consents
	Schedule 4.5(i)-	Financial Statements [full years]
	Schedule 4.5(ii)-	Financial Statements [stub period]
	Schedule 4.7-	Assets
	Schedule 4.9-	Accounts Receivable
	Schedule 4.10-	Tax Matters
	Schedule 4.13-	Litigation
	Schedule 4.14-	Contracts & Property
	Schedule 4.16(c)-	List of Intellectual Property
	Schedule 4.20	Proposed European Subsidiaries
	Schedule 4.21-	Dealings with Affiliates

 

    	- 27 -

    	 

    

 

Exhibit 2.2

 

Promissory Term Note

 

    	- 28 -

    	 

    

 

Schedule 4.3

 

Seller’s Required Consents

 

NONE

 

    	- 29 -

    	 

    

 

Schedule 4.5 (i)

 

Financial Statements [full years]

 

See attached.

 

    	- 30 -

    	 

    

 

Schedule 4.5 (ii)

 

Financial Statements [stub period]

 

See attached. 

 

    	- 31 -

    	 

    

 

Schedule 4.7-

 

Assets

 

See Attached

 

    	- 32 -

    	 

    

 

Schedule 4.9

 

Accounts Receivable

 

See attached. 

 

    	- 33 -

    	 

    

 

Schedule 4.10

 

Tax Matters

 

NONE

 

    	- 34 -

    	 

    

 

Schedule 4.13

 

Litigation

 

Beacon Enterprise Solutions Group, Inc. v. MDT Labor, LLC,,U.S.D.C.
for the Western District of Kentucky, No. 3-12-cv-759-H

This case derives from
the Asset Purchase Agreement between MDT and Beacon Enterprise Solutions Group, Inc., dated September 5, 2012.  Pursuant to
the APA, certain Value Added Tax refunds due to Beacon were to remitted to Beacon upon receipt by MDT.  However, because it
was determined that the representations made by Beacon on its schedule of Accounts Receivable being purchased by MDT contained
material misstatements of fact, MDT has asserted its right of set-off under the APA regarding approximately $136,000.00 in VAT
refunds received.  Additional claims by Beacon relate to allegations that MDT has failed in its obligations under the APA
to make lease payments on leases entered into by Beacon and that MDT has been improperly using Beacon's federal EIN, Kentucky employer's
withholding account number and Kentucky unemployment insurance account number.  Beacon has asserted claims for breach of contract,
conversion and seeks a declaratory judgment as to the parties obligations under the APA.  Beacon also seeks a preliminary
injunction compelling MDT to turn over the VAT refunds, and in support claims it will suffer "financial ruin" if the
injunction is not granted.  As set forth above, MDT has asserted its contractual right of set-off as a result of Beacon's
material misstatements in the APA.  The Court has scheduled a telephone conference on Beacon's request for injunction
for December 4, 2012 at 11:00 a.m. MDT will be filing a response to the injunction petition, in which it refutes Beacon's
claims of "financial ruin" by appending Beacon's filed Form 8-K filed on September 11, 2012 with the United States Securities
and Exchange Commission, in which Beacon represented that the transaction with MDT "will result in [Beacon] ceasing its current
business operations going forward."   In addition, Beacon is believed to have existing liabilities of approximately
$3-$4 million, thus rendering MDT's possession of $136,000.00 immaterial to its financial sustainability.  Based on these
two facts, it is asserted that Beacon will be unable to establish the requisite irreparable harm to justify the issuance of a preliminary
injunction

 

Michael Martin, et al. v. MDT Labor,
LLC, et al., Case No. 12-cl-5572, Jefferson Circuit Court, Division Four, Kentucky: 

This case derives from
the Asset Purchase Agreement between MDT and Beacon Enterprise Solutions Group, Inc., dated September 5, 2012.  Pursuant to
the APA, as amended, MDT had the right but not the obligation, to assume certain contracts entered into by Beacon.  Michael
Martin and Paris Arey, two employees of Beacon, claim that their respective employment agreements were assumed by MDT, either expressly
or impliedly by the actions of MDT subsequent to the date of the APA.  Plaintiffs have brought claims against both MDT and
Beacon for: breach of contract; breach of contract based on third party beneficiary status; breach of implied contract; promissory
estoppel; wage claim under Kentucky statute; and fraud.  MDT denies the Plaintiffs' claims, and assets that it has never expressly
or impliedly assumed the contracts, which would be required under the terms of the APA.  MDT further denies the remaining
claims of Plaintiffs.  Based on the express language of the APA, Schedule 2, that MDT had no obligation to assume Plaintiffs'
contracts, MDT intends to file Motion to Dismiss all, or part, of Plaintiffs' claims by the court extended deadline of December
17, 2012.  Additional legal defenses exist to Plaintiffs' additional claims, including their classification as exempt from
coverage under the Kentucky Wage Claim statute.  Plaintiff, Paris Arey, seeks contractual damages in excess of $300,000, together
with other damages under the Kentucky Wage Claim statute, including a request punitive damages (despite being excluded by his employment
agreement, and which will be subject to the Motion to Dismiss).  Mr. Martin seeks contractual damages in excess of $270,000 together
with other damages under the Kentucky Wage Claim statute, including a request punitive damages (despite being excluded by his employment
agreement, and which will be subject to the Motion to Dismiss). 

 

    	- 35 -

    	 

    

 

Schedule 4.14 

 

Contracts & Property 

 

A. None

B. See attached 

C. None

D. See attached

E. None

F. None

G. None

H. See attached 

I. See Schedule 4.7

K. See attached 

 

    	- 36 -

    	 

    

 

Schedule 4.14 B

 

Contracts & Property 

 

Fresnak and Associates, LLP

Author Cox, Ireland

PRK Partners s.r.o.

 

    	- 37 -

    	 

    

 

Schedule 4.14 D

 

EU. Employment Agreements

Cornelia Ghetu

David Rosypal- Appendix to Contract

David Rosypal

Fernando Prieta Barcia

Ian Johnson

James Croker- Amendment to Contract

James Croker

Kraig Darnell- Amendment to Contract

Kraig Darnell

Martin Hanzlik

Nick Keating

PJ Hegarty- Amendment

PJ Hegarty

Mike Boyle - Employment Agreement

Kraig James Darnell-Employment Agreement

Scott Fitzpatrick

 

Benefits

Fashion Advantage Gold Option I Benefits

PPO Blue Benefit Summary

MDT 401 K Summary Plan

UCCI MDT Labor, LLC

 

Incentive Plan Agreement:

Bill Cagney 2H FY 2012 and FY 2013 Incentive Program

Bill Fuller 2H FY 2012 Incentive Program

Frank Zumpano-2H FY 2012 Incentive Program

George Fant- 2H FY 2012 Incentive Program

Joe Navarra- 2H FY 2012 Incentive Program

Justin Caulfield- 2H FY 2012 Incentive Program

Kevin Cserr- 2H FY 2012 Incentive Program

MDT Estimated Commissions Plan

Raritan Incentive Program

Shane Caulfield- 2H FY 2012 Incentive Program

Shawn Morinvil- 2H FY 2012 Incentive Program

Terry Foster- 2H FY 2012 Incentive Program

 

    	- 38 -

    	 

    

 

Schedule 4.14 H

 

Client Contracts: 

ACS State and Local Solutions

Administrative Office of Pennsylvania Courts (AOPC)

Blue Cross and Blue Shield of Delaware

Blue Cross and Blue Shield of Kansas

Blue Cross and Blue Shield Association

Blue Cross and Blue Shield Delaware

Comcast

De Lage Landen Operational Services, LLC

Empathy Lab

Franklin and Marshall College

J.C. General Services

J.C. General Services- Amendment

Johnson and Johnson Services, Inc.- Master from CETCON

Johnson and Johnson Services, Inc- Extension

Kroger Agreement

Merck Master Service Agreement

Mindteck

Miria Systems

Nityo Infotech Corporation

TE Connectivity

Toyota Motor Sales

Versatile

W.L. Gore & Associates

Yellowbook

 

Vendor Contracts:

 

Bullhorn

Dice Contract

Monster

 

    	- 39 -

    	 

    

 

Schedule 4.14 K

 

Brandywine Operating Partnership, LP

Cognis IT Advisors, LLC

Cognis IT Advisors, LLC Extension-Sublease

Spectrum Office Tower, LLC

Williams Holding Group, LLC

IPC Louisville Properties, LLC

 

    	- 40 -

    	 

    

 

Schedule 4.20

 

Proposed European Subsidiaries

 

MDT Labor, LLC is currently in the primary
stages of establishing an entity in Dublin, Ireland with the proposed name of MDT Infrastructure Solutions Limited, s.r.o., to
conduct its business and service its European based clients.

 

MDT Labor, LLC is currently in the primary
stages of establishing a subsidiary in Prague, which is proposed to be owned 90% by the Dublin entity, MDT Infrastructure Solutions
Limited, s.r.o., and 10% by MDT Labor, LLC.

 

    	- 41 -

    	 

    

 

Schedule 4.21

 

Dealings with Affiliates

 

NONE

 

    	- 42 -

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