Document:

Exhibit 4.1

 

Stockholders
Agreement

This Stockholders Agreement (this “Agreement”),
dated as of October 10, 2016, is entered into by EnviroStar, Inc., a Delaware corporation (the “Company”), Symmetric
Capital LLC, a Florida limited liability company (“Symmetric 1”), Symmetric Capital II LLC, a Florida limited
liability company (and together with Symmetric 1, “Symmetric”), Henry M. Nahmad (“Nahmad”),
Western State Design, LLC, a California limited liability company (“WSD”), Dennis Mack and Tom Marks. WSD, Dennis
Mack and Tom Marks are sometimes hereinafter referred to individually as a “Seller” and collectively as the
“Sellers.” WSD, the Sellers, Symmetric and Nahmad are sometimes hereinafter referred to individually as a “Stockholder”
and collectively as the “Stockholders.”

RECITALS

WHEREAS, Dennis Mack and Tom Mark own all
of the membership units of WSD;

WHEREAS,
the Company and Western State Design, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (the “Buyer”),
on the one hand, and the Sellers, on the other hand, entered into that certain Asset Purchase Agreement of even date herewith (the
“Asset Purchase Agreement”) pursuant to which, among other things, WSD sold to the Buyer all of the assets (other
than any Excluded Assets (as defined in the Asset Purchase Agreement)) of WSD for an aggregate purchase price of $28.0 million,
subject to adjustment as set forth therein (the “Purchase Price”), of which $18.0 million was paid in cash (the
“Cash Amount”) and $10.0 million was paid in shares of Common Stock, par value $0.025 per share (“Common
Stock”), of the Company;

WHEREAS,
the Company will pay a portion of the Cash Amount from the proceeds it received from the issuance in a private placement transaction
of 1,290,323 shares (the “Private Placement Shares”) of the Company’s Common Stock to Symmetric a price
per share equal to $4.65;

WHEREAS,
immediately following the consummation of the transactions contemplated by the Asset Purchase Agreement, Symmetric and Nahmad,
on the one hand, and the Sellers, on the other hand owned, directly or indirectly, shares of the Company’s Common Stock representing
approximately 41.4% and 16.6%, respectively, of shares of the Company’s Common Stock on a fully diluted basis; and

WHEREAS,
(1) as an inducement to Symmetric to purchase the Private Placement Shares, and (2) in connection with their entry into the Asset
Purchase 

    

     

    

Agreement and the consummation of the transactions contemplated thereby, the Company, Symmetric, Nahmad and the Sellers
agreed to enter into this Agreement, which sets forth certain terms and conditions relating to, among other things, the ownership,
transfer and voting of the shares of the Company’s Common Stock

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

Article
I

Voting

Section
1.01           Sellers Covenants to Vote. 

(a)           Each
Seller hereby agrees to vote or cause to be voted or consent or cause to be consented, with respect to all matters submitted to
a vote or consent, as the case may be, of the Company’s stockholders at any time during the term of this Agreement, whether
the matter is brought before any meeting of the stockholders of the Company however called, proposed to be taken by written consent
of the stockholders of the Company or otherwise, all of the shares of Common Stock owned or held by such Seller, directly or indirectly
(1,656,486 shares owned by WSD shall hereinafter be referred to as the “WSD Shares”), 0 shares owned by Dennis
Mack shall hereinafter be referred to as the “Mack Shares,” 0 shares owned by Tom Marks shall hereinafter be
referred to as the “Marks Shares,” and the WSD Shares, the Mack Shares and the Marks Shares shall collectively
be referred to as the “Seller Shares”), as directed by the Manager of Symmetric I. For the avoidance of doubt,
the terms “WSD Shares”, “Mack Shares,” “Marks Shares” and “Seller
Shares” shall include all shares of the Company’s Common Stock owned or held by WSD, Dennis Mack, Tom Marks or
the Sellers, as the case may be, directly or indirectly, as of the date hereof (after giving effect to the purchase and sale transaction
contemplated by the Asset Purchase Agreement) and all shares subsequently acquired by any of WSD, Dennis Mack, Tom Marks or the
Sellers, as the case may be, including, without limitation, upon exercise of any stock option, warrant or similar purchase right.
The term “Manager of Symmetric I” shall mean Nahmad or, if applicable, an entity under his majority control
as contemplated by the proviso in Section 7.01(d) (“Nahmad Entity”). Notwithstanding the foregoing to
the contrary, the obligations of Sellers under this Section 1.01(a) shall terminate immediately if any of the following conditions
occur: (a)(i) none of Nahmad or a Nahmad Entity is the sole Manager of Symmetric I, or (ii) a Nahmad Entity does not have majority
control over Symmetric; or (b) Nahmad is not Chief Executive Officer of the Company. “Subject Shares” means
the Seller Shares and the shares of the Company’s Common Stock owned by Symmetric or Nahmad or over which Symmetric or Nahmad
exercises voting control.

(b)           In
furtherance of the voting agreement of the Sellers contained in Section 1.01(a), each Seller hereby constitutes and appoints
as the proxy of such Seller, and 

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hereby grants a power of attorney to, the Manager of Symmetric I, with full power of substitution,
with respect to all matters submitted to a vote or consent of the Company’s stockholders as contemplated by the foregoing
Section 1.01(a). Each of the proxy and power of attorney granted pursuant to the immediately preceding sentence is given
in consideration of the agreements and covenants of the parties in connection with the transactions contemplated by the Asset Purchase
Agreement and this Agreement, including the agreements to vote set forth in this Article I, and, as such, each is coupled
with an interest and shall be irrevocable unless and until this Agreement terminates pursuant to Article VI or, if earlier,
the obligations of the Sellers under Section 1.01(a) terminate as provided therein.

(c)           Each
Seller hereby revokes any and all previous proxies or powers of attorney with respect to the Seller Shares and shall not hereafter,
unless and until this Agreement terminates pursuant to Article VI, purport to grant any other proxy or power of attorney
with respect to any of the Seller Shares, deposit any of the Seller Shares into a voting trust or enter into any agreement (other
than this Agreement), arrangement or understanding with any person or entity, directly or indirectly, to vote, grant any proxy
or give instructions with respect to the voting of any of the Seller Shares.

(d)           Symmetric
shall indemnify and hold harmless each Seller and each of their Indemnified Persons (as such term is defined in the Asset Purchase
Agreement, except that for purposes of this Agreement, none of the Company nor any subsidiary of the Company shall be deemed an
Indemnified Person of either Seller) from, against and in respect of any loss (excluding loss of value of the Seller Shares), liability,
claim, damage, cost, fine, deficiency, judgment, award, settlement and expense (including, without limitation, interest, penalties,
costs of investigation and defense and the reasonable fees and expenses of attorneys and experts) (collectively, “Indemnifiable
Expenses”) incurred directly by such Seller or Seller Indemnified Person in connection with any claim asserted by an
unaffiliated third party against such Seller or Seller Indemnified Person based upon the voting of the Seller Shares by: (i) such
Seller under direction of the Manager of Symmetric I pursuant to Section 1.01(a); or (ii) the Manager of Symmetric I or its designee
pursuant to the proxy and power of attorney granted under Section 1.01(b). Notwithstanding the foregoing, the aggregate
liability of Symmetric to any Seller collectively with such Seller’s Indemnified Persons under this Section 1.01(d),
together with the aggregate liability of Symmetric to such Seller collectively with such Seller’s Indemnified Persons under
Section 8.06(b) of the Asset Purchase Agreement, shall not exceed $10,000,000. In addition, for the avoidance of doubt,
the indemnification contemplated by this Section 1.01(d) shall not apply to any Indemnifiable Expenses incurred in connection
with such Seller’s or Seller Indemnified Person’s capacity as a director, officer or employee of the Company.

Section
1.02           Symmetric and Nahmad Covenants to Vote. Each
of Symmetric and Nahmad hereby agrees to vote or cause to be voted or consent or cause to be consented, at any meeting of the stockholders
of the Company however called at which 

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Dennis Mack or Tom Marks is proposed to be elected to the Company’s Board of Directors
pursuant to Section 4.17 of the Asset Purchase Agreement, or pursuant to a written consent of the stockholders of the Company
relating to the election of Dennis Mack or Tom Marks to the Company’s Board of Directors pursuant to Section 4.17
of the Asset Purchase Agreement, all of the shares of Common Stock owned or held by it or him, directly or indirectly (collectively,
the “Symmetric Shares”), in favor of the election of Dennis Mack or Tom Marks to the Company’s Board of
Directors; provided Dennis Mack or Tom Marks is willing and able to serve, and has consented to serve, as a director of the Company
for the applicable directorship term; provided, further that the obligations of Symmetric and Nahmad under this Section 1.02
shall terminate automatically and forever upon the earlier of (i) the fifth anniversary of the date hereof; (ii) such time, if
any, Dennis Mack, Tom Marks and their respective Affiliates collectively own less than 5% of shares of the Company’s Common
Stock on a fully diluted basis; and (iii) the occurrence of any Termination Event; provided however, in the case of subsection
(iii), the obligations of Symmetric and Nahmad under this Section 1.02 shall only terminate with respect to the person for
which a Termination Event has occurred. For the avoidance of doubt, the term “Symmetric Shares” shall include
all shares of the Company’s Common Stock owned or held by either Symmetric or Nahmad, directly or indirectly, whether owned
or held by Symmetric as of the date hereof or subsequently acquired by either of them, including, without limitation, upon exercise
of any stock option, warrant or similar purchase right. The term “Termination Event” shall mean, the cessation
of Dennis Mack’s or Tom Mark’s, as the case may be, employment with the Company due to a termination by the Company
for Cause (as defined below) or a voluntary resignation by Dennis Mack or Tom Marks, as the case may be, without Good Reason (as
defined below), in each case only during the one-year period commencing on the date hereof.

The term “Cause” shall
have the meaning set forth in any employment agreement between the Company and Dennis Mack or Tom Marks, as the case may be, in
effect as of the date of termination of his employment with the Company, or if no such employment agreement is in effect, then
“Cause” shall mean, with respect to Dennis Mack or Tom Marks, as the case may be: (i) the breach of fiduciary
duty or wilful misconduct with respect to the Company or any of its Affiliates, which results or is reasonably likely to result
in material harm to the Company or any of its Affiliates, provided that Dennis Mack or Tom Marks, as the case may be, shall be
entitled to (A) written notice within 10 calendar days of such breach or action and (B) an opportunity to cure such breach or action
to the reasonable satisfaction of the Company’s Board of Directors during a period of 30 calendar days following notice of
such breach or action; (ii) the commission of an act of fraud with respect to the Company or any of its Affiliates, which results
or is reasonably likely to result in material harm to any of such persons; or (iii) the conviction of or plea of guilty or nolo
contendere to a felony carrying mandatory jail time of more than twelve (12) months.

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The term “Good Reason”
shall have the meaning set forth in any employment agreement between the Company and Dennis Mack and Tom Marks, as the case may
be, in effect as of the date of his resignation, or if no such employment agreement is in effect, then “Good Reason”
shall mean Dennis Mack’s or Tom Mark’s, as the case me be, resignation from his employment with the Company due to:
(i) a material breach by the Company of any material obligation owed to Dennis Mack or Tom Marks, as the case may be, in connection
with his employment with the Company (including the failure of the Company to pay any amount, or to provide any benefit, to which
Dennis Mack or Tom Marks, as the case may be, may be entitled from time to time), excluding for this purpose any breach which is
remedied by the Company within 30 calendar days after receipt of written notice thereof given by Dennis Mack or Tom Marks, as the
case may be; or (ii) the assignment to Dennis Mack or Tom Marks, as the case may be of any duties inconsistent in any material
respect with Dennis Mack’s or Tom Mark’s, as the case me be, position (including status, titles and reporting requirements),
authority, duties or responsibilities (in each case as compared to the same as they exist immediately following the consummation
of the transactions contemplated by the Asset Purchase Agreement), or any other action or omission by the Company that results
in a material diminution in such position, title, authority, duties or responsibilities (in each case as compared to the same as
they exist immediately following the consummation of the transactions contemplated by the Asset Purchase Agreement), excluding
for this purpose an isolated, insubstantial and inadvertent action not taken in bad faith and which is remedied by the Company
within 30 calendar days after receipt of written notice thereof given by to Dennis Mack or Tom Marks, as the case may be.

Article
II

Transfer

Section
2.01           General Restrictions on Transfer of Seller
Shares.

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

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

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(c)           From
the date hereof until the nine month anniversary of the date hereof, neither the Company nor Symmetric shall grant a shareholder
of any entity purchased or acquired by the Company during such period a more favorable right to transfer shares of Common Stock
received in such acquisition than the right set forth in this Section 2.01, except in connection with (i) such purchase
or acquisition by the Company of an entity in which the stock consideration paid to the seller is less than $1,000,000 or (ii)
such purchase or acquisition by the Company of an entity that qualifies as an Employee Stock Option Plan under the Internal Revenue
Code of 1986, as amended.

Section
2.02           Permitted Transfers. A Seller shall be
free at any time (without the consent of Symmetric but, in the case of clauses (i) or (ii) of this sentence, upon at least five
business days advance written notice (other than in the case of the death of a Seller) to Symmetric) to Transfer all or any portion
of his Seller Shares: (i) in the case the transferring Seller is a natural persona Transfer made for bona fide estate planning
purposes, either during his or her lifetime or on death by will or intestacy to his or her spouse, child (natural or adopted),
or any other direct lineal descendant of such Seller (or his or her spouse) (all of the foregoing collectively referred to as “family
members”), or to any trust, partnership, limited liability company or similar vehicle owned or controlled by such Seller;
(ii) in the case of a transferring Seller that is not a natural person, to (A) such Seller’s equity holders or (B) a wholly
owned subsidiary of such Seller; and (iii) in the case of any Seller, to Symmetric (whether pursuant to the provisions of this
Article II or otherwise). Seller Shares owned or held by a Seller who is a natural person may also be Transferred involuntarily
by operation of law. In addition, Seller Shares may be Transferred pursuant to a merger, consolidation or other business combination
involving the Company’s Common Stock that has been approved by the Company’s Board of Directors and otherwise in compliance
with all applicable laws, rules and regulations. Notwithstanding the foregoing, in the case of any Transfer permitted under this
Section 2.02 (other than a permitted Transfer pursuant to the preceding sentence or clause (iii) of this Section 2.02),
it shall be a condition to such Transfer that such transferee agrees, by executing a joinder agreement in substantially the form
attached hereto as Exhibit A (y) to be bound by this Agreement as a Seller with respect to all of the Seller Shares Transferred
to such transferee, and (z) that all of the Seller Shares Transferred to such transferee remain subject to this Agreement and all
of the terms, conditions and restrictions hereof as Seller Shares.

Section
2.03           Right of First Refusal in Off Market Transaction.

(a)           If,
following the date which is one year after the date hereof, a Seller (such Seller, an “Offering Stockholder”)
receives a bona fide offer (the “Offer”) from any unaffiliated third party (a “Third Party Purchaser”)
to purchase any or all of the Seller Shares owned by such Seller (the “Offered Shares”) in an Off Market Transaction
(as defined below) and the Offering Stockholder desires to Transfer the Offered Shares to the Third Party Purchaser
pursuant to such Offer, then the Offering Stockholder must first 

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make an offering of the Offered Shares to Symmetric in accordance
with the provisions of this Section 2.03. “Off Market Transaction” means any purchase and sale of Seller
Shares other than a purchase and sale of Seller Shares on a national securities exchange on which the Company’s Common Stock
is listed for trading, or if the Company’s Common Stock is not listed or admitted to trading on any national securities exchange,
in the over-the-counter market or such other system then in use.

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

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

(ii)           the
identity of the Third Party Purchaser;

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

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

The Offering Stockholder Notice shall constitute the Offering
Stockholder's offer to Transfer the Offered Shares to each ROFR Purchaser (as hereinafter defined), which offer shall be irrevocable
for the ROFR Notice Period (as hereinafter defined).

(c)           Notwithstanding
anything to the contrary contained herein, Symmetric’s right of first refusal contemplated by this Section 2.03 shall
be assignable by Symmetric to the Company, Nahmad or any other Affiliate of Symmetric.

(d)           Upon
receipt of the Offering Stockholder Notice, Symmetric and, if applicable, its assignee under this Section 2.03 (the “ROFR
Purchaser”) shall have 30 days (the “ROFR Notice Period”) to elect, in its sole discretion, to purchase
all, but not less than all, of the Offered Shares on the terms specified in the Offering Stockholder Notice (subject to the right
of the ROFR Purchaser pursuant to Section 2.03(e) below to pay the purchase price solely in cash), by delivering a written
notice of such election (a “ROFR Notice”) to the Offering Stockholder. Any ROFR Notice shall be binding upon
delivery and irrevocable by the ROFR Purchaser.

(e)           If
the ROFR Purchaser elects to purchase all, but not less than all, of the Offered Shares pursuant to this Section 2.03, the
ROFR Purchaser and the Offering Stockholder shall take all actions as may be reasonably necessary to consummate the purchase and
sale of such Offered Shares, including entering into agreements and delivering certificates and instruments and consents as may
be deemed necessary or appropriate, and making all payments in connection therewith, within 30 days after delivery of the ROFR
Notice (or if such 30 day period expires during a period in which 

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“insiders” of the Company are prohibited from purchasing
or selling securities of the Company and such prohibition applies to the exercise of the ROFR Purchaser’s rights hereunder,
within 10 days following the expiration of such restricted period). Notwithstanding anything to the contrary contained herein,
if all or any portion of the consideration proposed to be paid by the Third Party Purchaser for the Offered Shares as set forth
in the Offering Stockholder Notice is other than cash, the ROFR Purchaser shall have the option exercisable in its sole discretion
by specifying the same in the ROFR Notice to pay the purchase price solely in cash, in which case the fair market value of the
proposed non-cash consideration shall be determined in good faith by the disinterested members of the Company’s Board of
Directors. All cash payments shall be paid by certified check or by wire transfer of immediately available funds to an account
designated in writing by the Offering Stockholder to the ROFR Purchaser.

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

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

(h)           From
the date hereof until the nine month anniversary of the date hereof, neither the Company nor Symmetric shall provide to a shareholder
of any entity purchased or acquired by the Company during such period, a “right of first refusal” more favorable than
the right of first refusal set forth in this Section 2.03, except in connection with (i) such purchase or acquisition by
the Company of an entity in which the stock consideration paid to the seller is less than $1,000,000 or (ii) such purchase or acquisition
by the Company of an company that qualifies as an Employee Stock Option Plan under the Internal Revenue Code of 1986, as amended.

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Section
2.04           Condition to Transfer of Symmetric Shares.
For so long as Symmetric and Nahmad are required to vote for the election of either Dennis Mack or Tom Marks to the Company’s
Board of Directors in accordance with Section 1.02 (such period, the “Symmetric Share Restricted Period”),
it shall be a condition to any Transfer of the Symmetric Shares that the transferee agrees, by executing a joinder agreement in
substantially the form attached hereto as Exhibit A, (i) to be bound by this Agreement as Symmetric is bound with respect
to all of the Symmetric Shares Transferred to such transferee, and (ii) that all of the Symmetric Shares Transferred to such transferee
remain subject to this Agreement and all of the terms, conditions and restrictions hereof as Symmetric Shares.

Section
2.05           Drag-Along and Tag-Along Rights.

(a)           If
Symmetric elects to sell (either in a single or a series of related transactions) shares representing 25% or more of the Symmetric
Shares (such Symmetric Shares desired to be so Transferred, the “Transferor Shares”) to an unaffiliated third
party (a “Drag Buyer”), then, at least 30 days prior to the date upon which Symmetric intends to consummate
such Transfer, Symmetric shall give written notice thereof which notice shall set forth the consideration to be paid by the Drag
Buyer, and the other material terms and conditions of such transaction (such notice, the “Transferor Notice”)
to each Seller, and such notice may also include notice to the Sellers that Symmetric desires (the “Drag-Along Right”)
that each such Seller Transfer in the transaction the percentage of his, her or its Seller Shares equal to the percentage of the
Transferor Shares being Transferred in the transaction compared to all of Symmetric Shares owned by Symmetric, Nahmad and the Affiliates
of either at that time (the “Ratable Percentage Shares”) and on the same terms and conditions, including price,
upon which Symmetric is Transferring the Transferor Shares. The Sellers shall, subject to the provisions of this Section 2.05,
consent to and raise no objections against such Transfer by Symmetric and, if requested to do so by Symmetric in the Transferor
Notice, Transfer their respective Ratable Percentage Shares, subject to the provisions of this Section 2.05, on the same
terms and conditions upon which Symmetric is Transferring the Transferor Shares.

(b)           If
Symmetric proposes to sell Transferor Shares pursuant to any transaction or series of related transactions representing 5% or more
of the Symmetric Shares to an unaffiliated third party, including in the case where Symmetric would be entitled to exercise the
Drag-Along Right but Symmetric does not so elect to exercise the Drag-Along Right (a “Tag Buyer”), then, as
a condition to such Transfer, each Seller shall have the right (the “Tag-Along Right”) to sell to the Tag Buyer
at such Seller’s option, such Seller’s Ratable Percentage Shares (as calculated in the same manner as set forth in
Section 2.05(a)), on the same terms and conditions and at the same price as are applicable to the Transferor Shares. In
the event that the Tag-Along Right applies with respect to a proposed Transfer of Transferor Shares, then (i) Symmetric shall provide
notice thereof in the Transferor Notice and (ii) each Seller shall have 30 days following receipt of the Transferor Notice to elect
to sell all or a portion of such Seller’s Ratable 

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Percentage Shares. The failure of a Seller to notify Symmetric of its election
of the Tag-Along Right within such 30 day period shall be deemed to constitute a waiver of such Seller’s Tag-Along Right
with respect to such Transfer. If the Tag Buyer, as the case may be, is unwilling to purchase the Transferor Shares and all of
the Seller Shares desired to be sold by Sellers exercising the Tag-Along Right, then, at Symmetric’s sole option, either
(i) the transaction shall not be consummated or (ii) each of the Transferor Shares and the Seller Shares desired to be sold in
the transaction by Sellers exercising the Tag-Along Right shall be ratably reduced to equal an amount of shares determined by multiplying
the Transferor Shares or the applicable Seller Shares, as the case may be, by a fraction, the numerator of which is the total number
of shares which the Tag Buyer, as the case may be, agrees to purchase in the transaction and the denominator of which is the total
number of Transferor Shares and Seller Shares desired to be sold in the transaction.

(c)           If
Symmetric exercises the Drag-Along Right, each Seller shall, and each Seller who exercises the Tag-Along Right shall, take such
actions as reasonably necessary to consummate the applicable transaction, including, without limitation, to execute and deliver
a definitive purchase and sale (or other similar) agreement, in substantially the same form and substance as the definitive agreement
executed and delivered by Symmetric; provided, that (i) if Symmetric exercises the Drag-Along Right, the Sellers will be required
to provide customary representations and warranties and customary indemnities, and (ii) if the Tag-Along Right is exercised, (A)
the representations and warranties relating specifically to a Seller participating in the transaction shall be made only by such
Seller and any indemnification provided by any Seller participating in the transaction with respect to the Company, if any, shall
be based on the shares being Transferred by each of them vis a vis all of the shares in the Company being Transferred in
the transaction, on a several, not joint, basis, (B) no Seller shall be required to provide any indemnity in such transaction that
provides for liability to such Seller in excess of the amount of proceeds actually received by such Seller in such transaction,
(C), only if the Tag Along Right is exercised, each of Symmetric and each Seller participating in the transaction shall bear its
pro rata share of the costs of the transactions based on the net proceeds to be received by each such person in connection with
the transaction to the extent such costs are incurred for the benefit of persons selling shares in the transaction and are not
paid by the Tag Buyer, and (D), only if the Drag Along is exercised, Symmetric bear all reasonable costs of each Seller participating
in the transaction,.

(d)           Symmetric
shall have 120 days following the date of the Transferor Notice in which to consummate a transaction subject to this Section
2.05 on the terms set forth in the Transferor Notice (which 120-day period shall be extended for a reasonable time to the extent
reasonably necessary to obtain any regulatory approvals or if necessary to enable Symmetric and any Seller as an insider of the
Company to engage in a transaction in the securities of the Company). If at the end of such period, Symmetric has not completed
the transaction other than as a result of any action or inaction by a Seller in

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 breach of this Agreement, Symmetric may not then
effect a transaction subject to this Section 2.06 without again fully complying with the provisions of this Section 2.05.

Article
III

Preemptive Rights

Section
3.01           Preemptive Rights.

(a)           Except
in the case of Excluded Securities (as defined below), if the Company proposes to issue or sell any shares of Common Stock or any
securities convertible into, or exchangeable or exercisable for, any equity securities of the Company (the foregoing collectively,
“Equity Securities”), to any person or entity (including, without limitation, any existing shareholder of the
Company) in exchange for cash in a transaction that is exempt from the registration requirements of the Securities Act of 1933,
as amended (the “Securities Act”), then the Company shall first offer in writing (such writing, a “Preemptive
Rights Notice”) to sell such Equity Securities, on the same terms and conditions as proposed by the Company to such person
or entity, to each of the Sellers (each such Seller a “Participating Seller” and collectively the “Participating
Sellers”). Each Participating Seller shall then have the right (but not the obligation) (the “Preemptive Right”)
to purchase from the Company such amount of the Equity Securities that would enable the Participating Seller to maintain the percentage
determined by dividing (a) the total number of shares of Common Stock (on a fully diluted and as converted basis) held by such
Participating Seller immediately prior to the issuance, by (b) the Company’s entire number of issued and outstanding shares
of Common Stock (on a fully diluted and as converted basis) immediately prior to the issuance (for each Participating Seller, its
“Preemptive Pro Rata Portion”). All Equity Securities to be purchased by the Participating Sellers shall be
purchased at the price and on the terms set forth in such Preemptive Rights Notice. “Excluded Securities” shall
mean (i) shares of capital stock of the Company granted to employees, officers or directors of, or consultants to, the Company
pursuant to equity-based incentive compensation plans; (ii) shares of capital stock issued by the Company to third parties (who
are not affiliates of the Company) in connection with an acquisition (or series of related acquisitions), strategic partnership,
combination or merger; and (iii) shares of capital stock of the Company issued or issuable upon conversion of outstanding convertible
securities on the date hereof.

(b)           Each
Participating Seller shall exercise its Preemptive Right under this Section 3.01 by delivery of written notice to the Company no
later than 10 business days after receipt of the Preemptive Rights Notice (the “Preemptive Rights Exercise Period”),
such notice to state the irrevocable intent to exercise and the number or percentage of Equity Securities to be purchased by such
Participating Seller up to its Preemptive Pro Rata Portion. Any failure by a Participating Seller to deliver written notice of
the exercise of its Preemptive Right prior to the expiration of the Preemptive Rights Exercise Period shall be deemed to be a rejection
by such Participating Seller of 

    11 

     

    

its Preemptive Right in respect of the offering of Equity Securities contemplated by such Preemptive
Rights Notice. Unless otherwise specified in the Preemptive Right Notice or agreed in writing by all of the Participating Sellers
purchasing Equity Securities in the offering, closing of the Equity Securities purchased by the Participating Sellers shall take
place upon the later of: (i) 30 days after the expiration of the Preemptive Right Exercise Period and (ii) the consummation of
the sale of the Equity Securities which triggered the Preemptive Rights Notice, on the terms and conditions specified in the Preemptive
Right Notice. Any subsequent offering of Equity Securities by the Limited Partnership shall be subject to the provisions of this
Section 3.01 and a new Preemptive Rights Notice shall be required.

(c)           Following
the expiration of the earlier of the date of written rejection of a Preemptive Rights Notice or the last day of the Preemptive
Rights Exercise Period, the Company shall be free to complete the proposed issuance or sale of Equity Securities described in the
Preemptive Rights Notice with respect to which Preemptive Sellers declined to exercise the Preemptive Right on terms no less favorable
to the Company than those set forth in the Preemptive Right Notice (except that the amount of Equity Securities to be issued or
sold by the Company may be reduced); provided, that: (i) such issuance or sale is closed within 120 days after the expiration
of the earlier of the date of written rejection of a Preemptive Rights Notice or the last day of the Preemptive Rights Exercise
Period; and (ii) for the avoidance of doubt, the price at which such Equity Securities are sold to the Prospective Purchaser is
at least equal to or higher than the purchase price described in the Preemptive Right Notice. In the event the Company has not
sold such Equity Securities within such time period, the Company shall not thereafter issue or sell such Equity Securities without
first again offering such securities to the Participating Sellers in accordance with the procedures set forth in this Section 3.01.

Article
IV

Registration Rights

Section
4.01           Piggyback Registration. 

(a)           If
(but without any obligation to do so) at any time after the date hereof, Symmetric proposes to register any of its shares of Common
Stock in connection with the public offering of such securities (each such registration not withdrawn or abandoned prior to the
effective date thereof being herein called a “Piggyback Registration”), Symmetric shall, at such time, promptly
give the Sellers written notice of such registration not later than 30 days prior to the anticipated filing date of such Piggyback
Registration. Upon the written request of the Sellers given within 20 days after the delivery of such notice by Symmetric, the
Company shall use its commercially reasonable efforts to cause to be registered under the 1933 Act all of the Seller Shares that
the Sellers have requested to be registered, provided, however, that at any time after giving written notice of its
intention to register any securities and prior to the effective date of the registration statement filed under the Securities Act
in connection with such 

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registration, Symmetric shall determine for any reason not to register or to delay registration of such
securities, Symmetric shall give written notice of such determination and its reasons therefor to the Sellers, and (i) in the case
of a determination not to register, the Company shall be relieved of its obligation to register any Sellers Shares in connection
with such registration and (ii) in the case of a determination to delay registering, the Company shall be permitted to delay registering
any Seller Shares, for the same period as the delay in registering such other securities of Symmetric. Symmetric shall have no
obligation under this Section 4.01(a) to make any offering of its securities, or to complete an offering of its securities that
it proposes to make. A Seller shall be permitted to withdraw all or any part of its Seller Shares from any Piggyback Registration
at any time prior to the filing date of such Piggyback Registration, provided it delivers its notice to inform the Company such
intention at least one trading day prior to such filing date. . If a Seller decides not to include all of its Seller Shares in
any registration statement thereafter filed by the Company, such Seller shall nevertheless continue to have the right to include
any Seller Shares in any subsequent registration statement or registration statements as may be filed by the Company with respect
to offerings of its securities, all upon the terms and conditions set forth herein

(b)           If
any Piggyback Registration is in the form of an underwritten offering and the lead managing Underwriter of such offering advises
Symmetric or the Company that, in its view, the number of securities requested to be included in such registration exceeds the
number (the “Sale Number”) that can be sold in an orderly manner in such registration within a price range acceptable
to Symmetric, the Company shall include in such registration (in each case, to the extent that the inclusion of such shares would
not cause the number of securities to be included in such Piggyback Registration to exceed the Sale Number):

(i)           first,
any securities of the Company that Symmetric proposes to register and all Seller Shares requested to be included in such registration
by the Sellers, up to the Sale Number; provided, however, that, if the number of such securities and Seller
Shares exceed the Sale Number, the number of such securities and Seller Shares (not to exceed the Sale Number) to be included in
such registration shall be allocated on a pro rata basis among Symmetric and all of the Sellers requesting that Seller Shares be
included in such registration, on the basis of the number of shares of Common Stock (on a fully diluted, as converted basis), owned
by Symmetric and the Sellers requesting that Seller Shares be included in such registration or in such manner as they may otherwise
agree; and

(ii)           second,
any securities that any other person proposes to register, up to the Sale Number.

(c)           If
any Piggyback Registration is in the form of an underwritten offering, the lead managing Underwriter and any additional investment
bankers and managers to be used in connection with such registration shall be selected by Symmetric.

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(d)           The
Sellers proposing to distribute their Seller Shares through such underwriting shall (i) (together with Symmetric and the Sellers
distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the lead managing
Underwriter selected for such underwriting by Symmetric, and each Seller selling Seller Shares shall participate in such underwriting,
and (ii) furnish to Symmetric and the Company in writing such information with respect to itself as shall be necessary in order
to assure compliance with federal and applicable state securities laws.

Section
4.02           Indemnification. In the event any Seller
Shares are included in a registration statement under this ARTICLE IV:

(a)           To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend each Seller whose Seller
Shares are included in a registration statement, the directors, officers, members, partners, employees, agents, representatives
of, and each Person, if any, who controls any Seller whose Seller Shares are included in a registration statement within the meaning
of the Securities Act and the Exchange Act (each, an “Indemnified Person”), against any losses, claims, damages,
liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement or expenses,
joint or several, (collectively, “Claims”) incurred in investigating, preparing or defending any action, claim,
suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative
or other regulatory agency, body or the Securities and Exchange Commission (the “SEC”), whether pending or threatened,
whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”), to which any of them
may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise
out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a registration statement or
any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities
or other “blue sky” laws of any jurisdiction in which Seller Shares are offered (“Blue Sky Filing”),
or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements
therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary prospectus
if used prior to the effective date of such registration statement, or contained in the final prospectus (as amended or supplemented,
if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein
any material fact necessary to make the statements made therein, in the light of the circumstances under which the statements therein
were made, not misleading, (iii) any violation or alleged violation by the Company of the Securities Act, the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) any other law, including, without limitation, any state securities
law, or any rule or regulation thereunder relating to the offer or sale of the Seller Shares pursuant to a registration statement
or (iv) any violation of this ARTICLE IV (the matters in the foregoing clauses (i) through (iv) being, collectively, “Violations”).
Subject to Section 

    14 

     

    

4.03(c), the Company shall reimburse the Indemnified Persons, promptly as such expenses are incurred
and are due and payable, for any legal fees or other reasonable expenses incurred by them in connection with investigating or defending
any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section
4.02(a): (i) shall not apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance
upon and in conformity with information furnished in writing to the Company by such Indemnified Person for such Indemnified Person
expressly for use in connection with the preparation of the registration statement or any such amendment thereof or supplement
thereto, and (ii) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written
consent of the Company.

(b)           In
connection with any registration statement in which a Seller is participating, each such Seller agrees to severally and not jointly
indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 4.02(a), the Company,
each of its directors, each of its officers who signs the registration statement and each person, if any, who controls the Company
within the meaning of the Securities Act or the Exchange Act (each, an “Indemnified Party”), against any Claim
or Indemnified Damages to which any of them may become subject, under the Securities Act, the Exchange Act or otherwise, insofar
as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the
extent, that such Violation occurs in reliance upon and in conformity with written information furnished to the Company by such
Seller expressly for use in connection with such registration statement; and, subject to Section 4.01(c), such Seller will
reimburse any legal or other expenses reasonably incurred by an Indemnified Party in connection with investigating or defending
any such Claim; provided, however, that the indemnity agreement contained in this Section 4.02(b) and
the agreement with respect to contribution contained in Section 4.04 shall not apply to amounts paid in settlement of any
Claim if such settlement is effected without the prior written consent of such Holder.

(c)           Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 4.02 of notice of the commencement of any
action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified
Party shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section 4.02, deliver
to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate
in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume
control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified
Party, as the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right
to retain its own counsel with the fees and expenses of not more than one counsel for such Indemnified Person or Indemnified Party
to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation
by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to actual
or potential differing interests between such Indemnified Person or 

    15 

     

    

Indemnified Party and any other party represented by such counsel
in such proceeding. In the case of an Indemnified Person, legal counsel referred to in the immediately preceding sentence shall
be selected by the Sellers holding at least a majority in interest of the Seller Shares included in the registration statement
to which the Claim relates. The Indemnified Party or Indemnified Person shall cooperate fully with the indemnifying party in connection
with any negotiation or defense of any such action or Claim by the indemnifying party and shall furnish to the indemnifying party
all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or Claim. The
indemnifying party shall keep the Indemnified Party or Indemnified Person reasonably apprised at all times as to the status of
the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any
action, claim or proceeding effected without its prior written consent; provided, however, that the indemnifying
party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent
of the Indemnified Party or Indemnified Person, consent to entry of any judgment or enter into any settlement or other compromise
which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified
Person of a release from all liability in respect to such Claim or litigation, and such settlement shall not include any admission
as to fault on the part of the Indemnified Party. Following indemnification as provided for hereunder, the indemnifying party shall
be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations
relating to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party
within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the
Indemnified Person or Indemnified Party under this Section 4.02, except to the extent that the indemnifying party is prejudiced
in its ability to defend such action.

(d)           The
indemnification required by this Section 4.02 shall be made by periodic payments of the amount thereof during the course
of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

(e)           The
indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party
or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law.

Section
4.03           Contribution. To the extent any indemnification
by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect
to any amounts for which it would otherwise be liable under Section 4.02 to the fullest extent permitted by law; provided,
however, that: (i) no person involved in the sale of Seller Shares which person is guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) in 

    16 

     

    

connection with such sale shall be entitled to contribution from
any Person involved in such sale of Seller Shares who was not guilty of fraudulent misrepresentation; and (ii) contribution by
any seller of Seller Shares shall be limited in amount to the net amount of proceeds received by such seller from the sale of such
Seller Shares pursuant to such registration statement.

Section
4.04           Expenses of Registration. Except as specifically
provided herein, all Registration Expenses (as defined below) incurred in connection with any registration under Section 4.01 shall
be borne by the Company. All Selling Expenses (as defined below) incurred in connection with any registrations hereunder, shall
be borne by the holders of the securities so registered pro rata on the basis of the number of shares so registered. “Selling
Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale. “Registration
Expenses” means all expenses incurred by the Company (exclusive of any Selling Expenses) in complying with Sections 4.01,
including, without limitation, all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company,
blue sky fees and expenses and the expense of any special audits incident to or required by any such registration (but excluding
the compensation of regular employees of the Company which shall be paid in any event by the Company).

Section
4.05           Most Favored Nations. Except in
connection with (i) a capital raising transaction, (ii) a purchase or acquisition by the Company of an entity that qualifies as
an Employee Stock Option Plan under the Internal Revenue Code of 1986, as amended, or (iii) a purchase or acquisition by the Company
of an entity during period beginning on the date hereof and ending on the nine month anniversary of the date hereof in which the
stock consideration paid to the seller is less than $1,000,000, if the Company grants more favorable demand, piggyback or incidental
registration rights to any shareholder in connection with an acquisition by the Company at any time following the nine month anniversary
of the date hereof, any such more favorable rights and/or terms shall be granted to the Sellers.  Notwithstanding the
foregoing, the Company may grant pari passu registration rights to the rights granted hereunder.

Article
V

Representations and Warranties

Section
5.01           Representations and Warranties. Each Seller,
severally and not jointly, represents and warrants to the Company, Symmetric and Nahmad, and each of the Company, Symmetric and
Nahmad, severally and not jointly, represents and warrants:

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

    17 

     

    

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

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

(d)           the
execution and delivery of this Agreement by the Company or such Stockholder have been duly authorized and, except for filings required
under the Exchange Act, no further filing, consent, or authorization is required;

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

(f)           the
execution, delivery and performance of this Agreement and the consummation by the Company or such Stockholder of the transactions
contemplated hereby do not and will not: (i) with respect to the Company or if such Stockholder is not a natural person, result
in a violation of the organizational documents of the Company or such Stockholder; (ii) conflict with, or constitute a default
(or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or such Stockholder is
a party or by which the Company or such Stockholder is bound or to which any of its or his assets or properties are subject; or
(iii) result in a violation of any law applicable to the Company or such Stockholder or by which any of his or its assets or properties
is bound or affected; and

(g)           except
for this Agreement, the Asset Purchase Agreement and in the case of Symmetric and Nahmad, that certain Stockholders Agreement dated
as of March 6, 2015, by and among Symmetric, Nahmad, Michael Steiner and Robert Steiner, , such Stockholder has not entered into
or agreed to be bound by any other agreements or arrangements of any kind with any other party with respect to the shares of the
Company’s Common Stock owned or held by such Stockholder, including agreements or arrangements with respect to the acquisition
or disposition of such shares or any interest therein or the voting of such shares.

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Article
VI

Symmetric Covenants

Section
6.01           Covenant. Symmetric agrees to vote all
shares of Common Stock over which it exercises voting control and that it is eligible to vote in favor of the NYSE Approval (as
defined in the Asset Purchase Agreement).

Article
VII

Term and Termination

Section
7.01           Termination. The term of this Agreement
shall commence on the date hereof and shall terminate upon the earliest of (a) such time, if any, as no Seller Shares remain subject
to this Agreement, (b) the dissolution, liquidation, or winding up of the Company, (c) such time, if any, as the holder(s) of a
majority of the Symmetric Shares elect to terminate this Agreement by providing written notice of such termination to the Sellers,
(d) the date that Nahmad is no longer the sole Manager of Symmetric I; provided that this Agreement will not be subject to termination
under this clause (d) if a Nahmad Entity is the sole Manager of Symmetric I or any such Nahmad Entity otherwise continues to have
majority control over Symmetric, or (e) the fifth anniversary of the date hereof; provided, however, that solely in the case of
clause (e), if any period for giving notice or exercising a right or option under, or otherwise complying with the provisions of
or completing a transaction (or, if applicable, series of related transactions), under, Sections 2.03, 2.05, 3.01
or 4.01 is in effect on the fifth anniversary of the date hereof, then solely with respect to such transaction (or,
if applicable, series of related transactions), the provisions of Sections 2.03, 2.05, 3.01 or 4.01,
as the case may be, and the Parties’ respective obligations thereunder shall survive the termination of this Agreement in
accordance with their terms. Notwithstanding the earlier termination of the Agreement, Sections 7.01 through 7.14, and in the case
where the Sellers are terminated other than for Cause or leave the Company other than for Good Reason, ARTICLE IV, shall survive
until the fifth anniversary of the date hereof unless Sellers and the Company agree to terminate those provisions before the fifth
anniversary.

Article
VIII

Miscellaneous

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

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

	If to Dennis Mack:	Dennis Mack
	 	2331 Tripaldi Way
	 	Hayward, CA 94545
	 	 
	If to Tom Marks:	Tom Marks
	 	2331 Tripaldi Way
	 	Hayward, CA 94545
	 	 
	 	 
	In the case of notices	Wendel, Rosen, Black & Dean, LLP
	to both Dennis Mack and	1111 Broadway, 24th Floor 
	Tom Marks, with a copy	Oakland, CA 94607
	(which shall not constitute 	Attn: Richard A. Lyons, Esq. 
	Notice) to:	 
	 	 
	 	 
	If to Symmetric	Henry M. Nahmad
	and/or Nahmad:	290 N.E. 68th Street
	 	Miami, FL  33138
	 	 
	In the case of notices	Troutman Sanders LLP
	to both Symmetric and	875 Third Ave. 
	Nahmad, with a copy	New York, NY 10022
	(which shall not constitute	Attn: Joseph Walsh, Esq. 
	Notice) to:	 

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

Section
8.03           Governing Law; Jurisdiction; Waiver of Jury
Trial. This Agreement shall be governed by and construed in accordance with the Laws of the State of Florida applicable to
a contract executed and performed in such State without giving effect to the conflicts of Laws principles thereof, which would
result in the applicability of the Laws of another jurisdiction. Each of the parties hereto hereby irrevocably 

    20 

     

    

consents and submits
to the exclusive jurisdiction of the United States District Court for the Eleventh Judicial District of Florida and the courts
of the State of Florida located in Miami-Dade County in connection with any Action arising out of or relating to this Agreement
or the Transactions, waives any objection to venue in the Eleventh Judicial District of Florida and the courts of the State of
Florida located in Miami-Dade County, and agrees that service of any summons, complaint, notice or other process relating to such
proceeding may be effected in the manner provided by Section 8.02. IN ANY ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT,
THE PARTIES HERETO WAIVE TRIAL BY JURY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT
RELATE TO THE SUBJECT MATTER OF THIS AGREEMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO
A TRIAL BY THE COURT.

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

Section
8.05           Severability. Any provision of this Agreement
that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction
shall not invalidate or render unenforceable such provision in any other jurisdiction. If any court of competent jurisdiction determines
that any term or provision hereof, or any part of any such term or provision is invalid or unenforceable, such term or provision,
or part thereof, shall be enforced to the full extent permitted by such court, and all other terms and provisions shall not thereby
be affected and shall be given full effect, without regard to the invalid provisions or portions.

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

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

Section
8.08           No Third Party Beneficiaries. Nothing expressed
or implied in this Agreement is intended, or shall be construed, to confer upon any person or entity 

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other than the Parties hereto
and their respective heirs, successors, legal representatives, and permitted assigns and, to the extent set forth herein, transferees,
any rights or remedies under or by reason of this Agreement.

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

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

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

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

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Section
8.13           Legend on Stock Certificates. 

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

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

“The
shares represented by this certificate are subject to that certain Stockholders Agreement, dated October 7, 2016, and all amendments
thereto, copies of which are on file at the principal office of the Company, and voluntary or involuntary sale, pledge, assignment,
hypothecation, gift, or other disposition or transfer (as defined in such Stockholders Agreement) of the shares represented by
this certificate or any interest therein shall be subject to the terms of such Stockholders Agreement and the shares represented
hereby shall remain subject to the terms of such Stockholders Agreement notwithstanding any such Transfer.”

 

(c)           The
Stockholders hereby agree to immediately submit to the Company the stock certificates held by each of them representing the Seller
Shares or Symmetric Shares, as the case may be, for inscription of the aforesaid restrictive legend thereon.

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

Section
8.14           Construction; Interpretation; Definitions.

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

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

(c)           For
the avoidance of doubt, the terms “Common Stock,” “Seller Shares” and “Symmetric
Shares” as used throughout this Agreement shall refer to the 

    23 

     

    

Company’s Common Stock or shares thereof, as the context
may require, and any other securities into which the Company’s Common Stock may be converted during the term of this Agreement.

(d)           Capitalized
terms used, but not defined herein, shall have the respective meanings set forth in the Asset Purchase Agreement.

 

[SIGNATURE PAGE FOLLOWS]

    24 

     

    

 

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

 

	 	
        ENVIROSTAR, INC.

         

	 	
        By: /s/ Henry M. Nahmad                 

        Name: Henry M. Nahmad

        Title: Chief Executive Officer

	 	 

 

	 	
        SYMMETRIC CAPITAL LLC

         

	 	
        By: /s/ Henry M. Nahmad                 

        Name: Henry M. Nahmad

        Title: Manager

 

 

	 	
        SYMMETRIC CAPITAL II LLC

         

	 	
        By: /s/ Henry M. Nahmad                 

        Name: Henry M. Nahmad

        Title: Manager

	 	 

 

 

	 	
        /s/ Henry M. Nahmad                       

        Henry M. Nahmad

 

 

	 	
        WESTERN STATE DESIGN, LLC

         

	 	
        By: /s/ Dennis Mack                         

        Name: Dennis Mack

        Title: President

 

 

	 	
        /s/ Dennis Mack                                

        Dennis Mack

 

	 	
        /s/ Tom Marks                                   

        Tom Marks

         

 

    25 

     

    

EXHIBIT
A

Form of Joinder Agreement

 

Reference is hereby made to that certain
Stockholders Agreement, dated as October 7, 2016 (as amended from time to time, the “Stockholders Agreement”),
by Symmetric Capital LLC, a Florida limited liability company, Symmetric Capital II LLC, a Florida limited liability company, Henry
M. Nahmad, and Western State Design, LLC, Dennis Mack and Tom Marks, and the other Stockholders which may have become a party thereto
from time to time.

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

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

 

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

 

 

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

    26Exhibit 10.1

 

CREDIT
AGREEMENT

 

THIS CREDIT AGREEMENT (this
"Agreement") is entered into as of October 7, 2016, by and between EnviroStar,
Inc., a Delaware corporation ("Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank").

 

RECITALS

 

Borrower has requested
that Bank extend or continue credit to Borrower as described below, and Bank has agreed to provide such credit to Borrower on the
terms and conditions contained herein.

 

NOW, THEREFORE, for valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Bank and Borrower hereby agree as follows:

 

ARTICLE I

CREDIT TERMS

 

SECTION 1.       LINE OF CREDIT.

 

(a)       Line
of Credit. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time
to time up to and including October 10, 2021, not to exceed at any time the aggregate principal amount of Fifteen Million Dollars
($15,000,000.00) ("Line of Credit"), the proceeds of which shall be used to finance Borrower’s working capital
requirements as well as approved acquisitions pursuant to the terms of this Agreement. Borrower's obligation to repay advances
under the Line of Credit shall be evidenced by that certain Revolving Line of Credit Note dated as of even date herewith (as the
same may be amended modified from time to time, the "Line of Credit Note"), all terms of which are incorporated herein
by this reference.

 

(b)       Borrowing
and Repayment. Borrower may from time to time during the term of the Line of Credit borrow, partially or wholly repay its outstanding
borrowings, and reborrow, subject to all of the limitations, terms and conditions contained herein or in the Line of Credit Note;
provided however, that the total outstanding borrowings under the Line of Credit shall not at any time exceed the lesser of (i)
$15,000,000, or (ii) the amount available as calculated under the Asset Coverage Ratio (as defined herein).

 

SECTION 1.2.       TERM LOAN.

 

(a)       Term
Loan. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal
amount of Five Million Dollars ($5,000,000.00) ("Term Loan"), the proceeds of which shall be used to finance the acquisition
of substantially all of the assets of Western State Design, LLC. Borrower's obligation to repay the Term Loan shall be evidenced
by that certain Term Note dated as of even date herewith (as the same may be amended or modified from time to time, the "Term
Note"), all terms of which are incorporated herein by this reference.

 

(b)       Repayment.
Principal and interest on the Term Loan shall be repaid in accordance with the provisions of the Term Note.

 

    -1- 

     

    

(c)       Prepayment.
Borrower may prepay principal on the Term Loan solely in accordance with the provisions of the Term Note.

 

SECTION 1.3.       INTEREST/FEES.

 

(a)       Interest.
The outstanding principal balance of each credit subject hereto shall bear interest at the rate of interest set forth in the Line
of Credit Note and the Term Note, as applicable.

 

(b)       Computation
and Payment. Interest shall be computed on the basis set forth in the Line of Credit Note and the Term Note, as applicable,
and interest shall be payable at the times and place set forth in the Line of Credit Note and the Term Note, as applicable.

 

(c)       Commitment
Fee. Borrower shall pay to Bank a non-refundable commitment fee for the Line of Credit equal to $37,500 and a non-refundable
commitment fee for the Term Loan equal to $25,000, which fees shall be due and payable in full on the date of this Agreement.

 

SECTION
1.4.       COLLECTION OF PAYMENTS. Borrower authorizes Bank to collect all principal,
interest and fees due under each credit subject hereto by debiting Borrower’s deposit account number  ______________
with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be
insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be
immediately due and payable by Borrower.

 

SECTION 1.5.       COLLATERAL.

 

As security for all indebtedness
and other obligations of Borrower to Bank, Borrower hereby grants to Bank security interests of first priority in all business
assets of Borrower, Western State Design, Inc., a Delaware corporation (“Western”), Steiner-Atlantic Corp., a Florida
corporation (“Steiner”), and DryClean USA License Corp., a Florida corporation (“Dryclean”; and together
with Western and Steiner, individually and/or collectively, the “Guarantor”) pursuant to that certain Security Agreement
dated as of even date herewith from Borrower and Guarantor in favor of Bank (as the same may be amended or modified from time to
time, the “Security Agreement”).

 

All of the foregoing shall
be evidenced by and subject to the terms of such security agreements, financing statements and other documents as Bank shall reasonably
require, all in form and substance satisfactory to Bank. Borrower shall pay to Bank promptly upon demand the full amount of all
charges, costs and expenses (to include fees paid to third parties and all out-of-pocket costs of Bank personnel), expended or
incurred by Bank in connection with any of the foregoing security, including without limitation, filing and recording fees and
costs of appraisals, audits and title insurance.

 

SECTION 1.6.       GUARANTIES.
The payment and performance of all indebtedness and other obligations of Borrower to Bank shall be guaranteed jointly and severally
by Guarantor, as evidenced by and subject to the terms of those certain Continuing Guaranty agreements dated as of even date herewith
from each Guarantor in favor of Bank.

 

    -2- 

     

    

 

ARTICLE II

REPRESENTATIONS AND WARRANTIES

 

Borrower makes the following
representations and warranties to Bank, which representations and warranties shall survive the execution of this Agreement and
shall continue in full force and effect until the full and final payment, and satisfaction and discharge, of all obligations of
Borrower to Bank subject to this Agreement.

 

SECTION 2.1.       LEGAL STATUS. Borrower
is: (a) a corporation, duly organized and existing and in good standing under the laws of Delaware and is qualified or licensed
to do business (and is in good standing as a foreign corporation, if applicable) in all jurisdictions in which such qualification
or licensing is required or in which the failure to so qualify or to be so licensed could have a material adverse effect on Borrower;
and (b) not the target of any trade or economic sanctions promulgated by the United Nations or the governments of the United States,
the United Kingdom, the European Union, or any other jurisdiction in which the Borrower is located or operates (collectively, “Sanctions”).

 

SECTION 2.2.       AUTHORIZATION AND VALIDITY.
This Agreement and each promissory note, contract, instrument and other document required hereby or at any time hereafter delivered
to Bank in connection herewith (collectively, the "Loan Documents") have been duly authorized, and upon their execution
and delivery in accordance with the provisions hereof will constitute legal, valid and binding agreements and obligations of Borrower
or the party which executes the same, enforceable in accordance with their respective terms, subject to applicable bankruptcy,
insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles
of equity, regardless of whether considered in a proceeding in equity or at law.

 

SECTION 2.3.       NO VIOLATION. The execution,
delivery and performance by Borrower of each of the Loan Documents do not violate any provision of any law or regulation applicable
to Borrower’s business, the violation of which could have a material adverse effect on Borrower’s business, or contravene
any provision of the organizational and governing documents of Borrower, or result in any breach of or default under any material
contract, obligation, indenture or other instrument to which Borrower is a party or by which Borrower may be bound.

 

SECTION 2.4.       LITIGATION. There are no
pending, or to the best of Borrower's knowledge threatened, actions, claims, investigations, suits or proceedings by or before
any governmental authority, arbitrator, court or administrative agency which could have a material adverse effect on the financial
condition or operation of Borrower other than those disclosed by Borrower to Bank in writing prior to the date hereof.

 

SECTION 2.5.       CORRECTNESS OF FINANCIAL
STATEMENT. The annual financial statement of Borrower dated June 30, 2016, and all interim financial statements delivered to Bank
since said date, true copies of which have been delivered by Borrower to Bank prior to the date hereof, (a) are complete and correct
and present fairly the financial condition of Borrower, (b) disclose all liabilities of Borrower that are required to be reflected
or reserved against under generally accepted accounting principles, whether liquidated or unliquidated, fixed or contingent, and
(c) have been prepared in accordance with generally accepted accounting principles consistently applied. Since the dates of such
financial statements there has been no material adverse change in the financial condition of Borrower, nor has Borrower mortgaged,
pledged, 

    -3- 

     

    

granted a security interest in or otherwise encumbered any of its assets or properties except in favor of Bank or as otherwise
permitted by Bank in writing.

 

SECTION 2.6.INCOME TAX RETURNS. Borrower
has no knowledge of any pending assessments or adjustments of its income tax payable with respect to any year.

 

SECTION 2.7.       NO SUBORDINATION. There
is no agreement, indenture, contract or instrument to which Borrower is a party or by which Borrower may be bound that requires
the subordination in right of payment of any of Borrower's obligations subject to this Agreement to any other obligation of Borrower.

 

SECTION 2.8.       PERMITS, FRANCHISES. Borrower
possesses, and will hereafter possess, all permits, consents, approvals, franchises and licenses required and rights to all trademarks,
trade names, patents, and fictitious names, if any, necessary to enable it to conduct the business in which it is now engaged in
compliance with applicable law.

 

SECTION 2.9.       ERISA. Borrower is in compliance
in all material respects with all applicable provisions of the Employee Retirement Income Security Act of 1974, as amended or recodified
from time to time ("ERISA"); Borrower has not violated any provision of any defined employee pension benefit plan (as
defined in ERISA) maintained or contributed to by Borrower (each, a "Plan"); no Reportable Event as defined in ERISA
has occurred and is continuing with respect to any Plan initiated by Borrower; Borrower has met its minimum funding requirements
under ERISA with respect to each Plan; and each Plan will be able to fulfill its benefit obligations as they come due in accordance
with the Plan documents and under generally accepted accounting principles.

 

SECTION 2.10.       OTHER OBLIGATIONS. Borrower
is not in default on any obligation for borrowed money, any purchase money obligation or any other material lease, commitment,
contract, instrument or obligation.

 

SECTION 2.11.       ENVIRONMENTAL MATTERS.
Except as disclosed by Borrower to Bank in writing prior to the date hereof, Borrower is in compliance in all material respects
with all applicable federal or state environmental, hazardous waste, health and safety statutes, and any rules or regulations adopted
pursuant thereto, which govern or affect any of Borrower's operations and/or properties, including without limitation, the Comprehensive
Environmental Response, Compensation and Liability Act of 1980, the Superfund Amendments and Reauthorization Act of 1986, the Federal
Resource Conservation and Recovery Act of 1976, and the Federal Toxic Substances Control Act, as any of the same may be amended,
modified or supplemented from time to time. None of the operations of Borrower is the subject of any federal or state investigation
evaluating whether any remedial action involving a material expenditure is needed to respond to a release of any toxic or hazardous
waste or substance into the environment. Borrower has no material contingent liability in connection with any release of any toxic
or hazardous waste or substance into the environment.

 

ARTICLE III

CONDITIONS

 

SECTION 3.1.       CONDITIONS OF INITIAL EXTENSION
OF CREDIT. The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction
of all of the following conditions:

    -4- 

     

    

 

(a)       Approval
of Bank Counsel. All legal matters incidental to the extension of credit by Bank shall be satisfactory to Bank's counsel.

 

(b)       Field
Exam. Bank shall have completed and approved a field exam (each, a “Field Exam”) prior to the closing of the Line
of Credit and the Term Loan satisfactory to Bank, which Field Exam shall be at Borrower’s expense. The initial Field Exam,
and any other Field Exams required during the term of the Line of Credit, shall be capped at $12,500 each. Additional Field Exams
may be conducted at any time during the term of the Line of Credit; provided, however, Borrower shall be liable for the expense
of Field Exams as follows: (i) if an Event of Default has occurred, (ii) once per year upon Bank’s request (with such field
exam not to occur prior to January 1, 2018), and (iii) if required by governmental regulators or similar officials.

 

(c)       Review
of Due Diligence and Contracts. Bank shall have completed satisfactory review of due diligence required by Bank including,
without limitation, (i) the Borrower’s due diligence, relating to the pending acquisition of Western State Design, LLC, and
(ii) Borrower’s two largest contracts outlined on their most recent backlog report.

 

(d)       Loan
Documents. Borrower shall have executed, or caused to be executed by any Guarantor or other party required hereby, and delivered
to Bank, any and all promissory notes, contracts, instruments and other documents, including without limitation a comprehensive
loan agreement, required by Bank to evidence Bank's extension of credit pursuant to the terms and conditions of this letter, all
of which shall be in form and substance satisfactory to Bank and shall include, in addition to the terms and conditions of this
letter, customary representations, warranties, conditions, covenants, events of default and other provisions.

 

(e)       Financial
Condition. Since June 30, 2016, there shall have been no material adverse change, as determined by Bank, in the financial condition
or business of Borrower or any of its wholly-owned subsidiaries (each, a “Subsidiary”), nor any material decline, as
determined by Bank, in the market value of any collateral required hereunder or a substantial or material portion of the assets
of Borrower or any such Subsidiary or each Guarantor. As a condition to execution of this Agreement, Borrower shall demonstrate
pro forma compliance with the financial covenants contained in Section 4.9 (c) and (d) hereof and shall provide Bank with any such
documentation as Bank may reasonably request evidencing such compliance.

 

(f)       Insurance.
Borrower shall have delivered to Bank evidence of insurance coverage, in form, substance, amounts, covering risks and issued by
companies satisfactory to Bank, and where reasonably required by Bank, with lender loss payable endorsements in favor of Bank.
Bank acknowledges that such evidence delivered by Borrower prior to the date of this Agreement is satisfactory to Bank.

 

SECTION 3.2.       CONDITIONS OF EACH EXTENSION
OF CREDIT. The obligation of Bank to make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment
to Bank's satisfaction of each of the following conditions:

 

(a)       Compliance.
The representations and warranties contained herein and in each of the other Loan Documents shall be true on and as of the date
of the signing of this Agreement and on the date of each extension of credit by Bank pursuant hereto, with the same effect as though
such representations and warranties had been made on and as of each such date, and on each such date, no Event of Default as defined
herein, and no condition, event or 

    -5- 

     

    

act which with the giving of notice or the passage of time or both would constitute such an
Event of Default, shall have occurred and be continuing or shall exist.

 

(b)       Documentation.
Bank shall have received all additional documents which may be required in connection with such extension of credit.

 

ARTICLE IV

AFFIRMATIVE COVENANTS

 

Borrower covenants that
so long as Bank remains committed to extend credit to Borrower pursuant hereto, or any liabilities (whether direct or contingent,
liquidated or unliquidated) of Borrower to Bank under any of the Loan Documents remain outstanding, and until payment in full of
all obligations of Borrower subject hereto, Borrower shall, unless Bank otherwise consents in writing:

 

SECTION 4.1.       PUNCTUAL PAYMENTS. Punctually pay all principal,
interest, fees or other liabilities due under any of the Loan Documents at the times and place and in the manner specified therein,
and within three (3) days following demand by Bank, the amount by which the outstanding principal balance of any credit subject
hereto at any time exceeds any limitation on borrowings applicable thereto.

 

SECTION 4.2.       ACCOUNTING RECORDS. Maintain
adequate books and records in accordance with generally accepted accounting principles consistently applied, and permit any representative
of Bank, at any reasonable time, to inspect, audit and examine such books and records, to make copies of the same, and to inspect
the properties of Borrower.

 

SECTION 4.3.       FINANCIAL STATEMENTS. Provide to Bank all of
the following, in form and detail satisfactory to Bank:

 

		a)	Within 10 days of the acquisition of any new entity, Borrower shall provide Bank with a report
detailing the newly acquired entities and any other supporting documentation regarding such entities as Bank may reasonably request.
In connection therewith, Borrower shall cause any such new entities to execute and deliver a guaranty agreement and provide any
such information as Bank may reasonably request pursuant to its then current underwriting standards.

		b)	Within 90 days of each fiscal year end, Borrower shall deliver to Bank an audited financial statement
of Borrower, prepared by a CPA reasonably acceptable to Bank including a balance sheet, income statement and cash flow statement,
all in form acceptable to Bank.

		c)	Within 45 days of each fiscal quarter end, Borrower shall deliver to Bank a company-prepared financial
statement of Borrower, including a balance sheet, income statement and cash flow statement, all in form acceptable to Bank.

		d)	Within 45 days of each fiscal quarter end, Borrower shall deliver to Bank an accounts receivable
aging report, work in process report, backlog report, inventory report, and accounts payable aging report, all in form acceptable
to Bank.

		e)	Within 30 days of each fiscal year end, Borrower shall deliver to Bank an annual financial projection/budget
to the Bank in form acceptable to Bank.

		f)	Concurrent with the delivery of the financial statements required herein, Borrower shall deliver
a covenant compliance certificate in the form attached as Exhibit A hereto, which certificate shall be certified as true and correct
by person with appropriate Borrower authority (a “Compliance Certificate”).

 

SECTION 4.4.       COMPLIANCE. Preserve and
maintain all licenses, permits, governmental approvals, rights, privileges and franchises necessary for the conduct of its 

    -6- 

     

    

business;
comply with the provisions of all documents pursuant to which Borrower is organized and/or which govern Borrower's continued existence;
comply with the requirements of all laws, rules, regulations and orders of any jurisdiction in which the Borrower is located or
doing business applicable to Borrower’s business, the violation of which could have a material adverse effect on Borrower’s
business. In addition to the foregoing, Borrower shall comply with the requirements of all laws, regulations and orders relating
to (a) all Sanctions, (b) all laws and regulations that relate to money laundering, any predicate crime to money laundering, or
any financial record keeping and reporting requirements related thereto, (c) the U.S. Foreign Corrupt Practices Act of 1977, as
amended, (d) the U.K. Bribery Act of 2010, as amended, and (e) any other applicable anti-bribery or anti-corruption laws and regulations.

 

SECTION 4.5.       INSURANCE. Maintain and
keep in force, for each business in which Borrower is engaged, insurance of the types and in amounts customarily carried in similar
lines of business, with all such insurance carried in amounts satisfactory to Bank, and deliver to Bank from time to time at Bank's
request schedules setting forth all insurance then in effect, together with a lender’s loss payee endorsement for all such
insurance naming Bank as a lender loss payee. Such insurance may be obtained from an insurer or through an insurance agent of Borrower’s
choice, provided that any insurer chosen by Borrower is acceptable to Bank on such reasonable grounds as may be permitted under
applicable law.

 

SECTION 4.6.       FACILITIES. Keep all properties
useful or necessary to Borrower's business in good repair and condition, and from time to time make necessary repairs, renewals
and replacements thereto so that such properties shall be fully and efficiently preserved and maintained.

 

SECTION 4.7.       TAXES AND OTHER LIABILITIES.
Pay and discharge when due any and all indebtedness, obligations, assessments and taxes, both real or personal, including without
limitation federal and state income taxes and state and local property taxes and assessments, except (a) such as Borrower may in
good faith contest or as to which a bona fide dispute may arise, and (b) for which Borrower has made provision, to Bank's satisfaction,
for eventual payment thereof in the event Borrower is obligated to make such payment.

 

SECTION 4.8.       LITIGATION. Promptly give
notice in writing to Bank of any litigation in excess of $500,000.00 pending or threatened against Borrower.

 

SECTION 4.9       FINANCIAL COVENANTS. During
the term of the Loan, Borrower shall comply with the following financial covenants, which shall be tested quarterly commencing
with the quarter ending December 31, 2016 and calculated on a rolling, four quarters basis:

 

a)        FIXED
CHARGE COVERAGE RATIO (FCCR). Borrower shall maintain a minimum Fixed Charge Coverage Ratio of not less than 1.25 to 1.00. For
purposes of this Agreement, “Fixed Charge Coverage Ratio” shall be defined as: (I) the sum of net profit after tax,
depreciation, amortization, interest expense (including any interest permitted to be paid on shareholder debt) and net distributions
less unfinanced capital expenditures, plus (i) any stock compensation expense provided there is no present or future cash impact
from such stock compensation expense and (ii) one-time fees, costs and expenses related to the acquisition of Western State Design,
LLC, as well as commercially reasonable, one-time fees, costs and expenses related to future acquisitions, approved by Bank, in
accordance with the terms of this Agreement and the other Loan Documents, divided by (II) the sum of interest expense, the current
portion of long term debt (including any principal payments permitted to be paid on shareholder debt), and capital lease payments.

 

    -7- 

     

    

This financial covenant shall be tested quarterly
commencing with the quarter ending December 31, 2016 and calculated on a rolling, four quarters basis; provided, however, that
the calculations for the testing periods for the quarters ending December 31, 2016, March 31, 2017, June 30, 2017 and September
30, 2017, shall be calculated by combining the financial statements of Borrower and Western State Design, LLC (with add-backs to
Western State Design, LLC’s financial statements to be adjusted by Borrower to give effect to Bank approved transaction expenses
incurred by Western State Design, LLC in connection with its acquisition by Borrower), for the applicable rolling four quarter
period, and shall include current portion of long term debt in an amount equal to current portion of long term debt as shown on
Borrower’s quarterly financial statement.

 

b)       ASSET
COVERAGE RATIO. Borrower shall maintain a minimum Asset Coverage Ratio of not less than 1.00 to 1.00, which shall be tested quarterly;
provided, however, if utilization under the Line of Credit exceeds 65% of the maximum commitment available under the Line of Credit
for any quarter, the Asset Coverage Ratio will be tested monthly thereafter; provided, however, if Borrower’s utilization
under the Line of Credit is less than 65% of the maximum commitment available under the Line of Credit for three (3) consecutive
fiscal months during such monthly testing, the Asset Coverage Ratio will be tested quarterly thereafter so long as Borrower remains
in compliance with this utilization requirement as set forth in this Section 4.9(b). For purposes of this Agreement, “Asset
Coverage Ratio” shall be defined as: the ratio of (a) the sum of (i) ninety percent (90%) of Eligible Government Account
Receivables, plus (ii) eighty-five percent (85%) of Eligible Commercial Accounts Receivables, less the Credit Memo Refresh Lag
Reserve, plus (iii) the sum of (A) up to fifty percent (50%) of Eligible Equipment Inventory less the Slow Moving Equipment Inventory
Reserve, plus (B) up to thirty percent (30%) of Eligible Parts Inventory less the Slow Moving Parts Inventory Reserve, divided
by (C) the outstanding principal balance of the Line of Credit. The foregoing advance rates may be adjusted by Bank from time to
time based on the results of any Field Exam or inventory appraisal(s) required herein or conducted by Bank, provided further, that
the Credit Memo Lag Reserve may be reduced or eliminated from the calculation of the Asset Coverage Ratio if Bank receives evidence
satisfactory to Bank in Bank’s reasonable discretion that such reserve is not required. For purposes of calculating the Asset
Coverage Ratio upon the acquisition of Western State Design, LLC, such ratio shall be determined by a Compliance Certificate provided
by Borrower prior to the closing of the acquisition of Western State Design, LLC, so long as the closing of the Line of Credit
occurs within three (3) business days from the closing of such acquisition.

 

“Eligible Government Accounts Receivable”
shall mean trade accounts created in the ordinary course of Borrower's business with any state or municipal government or the United
States government or any political subdivision thereof, upon which Borrower's right to receive payment is absolute and not contingent
upon the fulfillment of any condition whatsoever, and in which Bank has a perfected security interest of first priority (provided,
however, that with respect to trade accounts with the United States government, Notices of Assignment of Account shall not be required
to be executed by the government contract party until the occurrence and after the continuance of an Event of Default), and shall
not include:

 

(i)       any
account that has been outstanding more than (A) 90 days past due, or (B) 120 days from the invoice date, whichever is less;

    -8- 

     

    

 

(ii)       that
portion of any account for which there exists any right of setoff, defense or discount (except regular discounts allowed in the
ordinary course of business to promote prompt payment) or for which any defense or counterclaim has been asserted;

 

(iii)       any
account which represents an obligation of an account debtor that is legally organized in or has its headquarters in a foreign country;

 

(iv)       any
account which arises from the sale or lease to or performance of services for, or represents an obligation of, an employee, affiliate,
partner, member, parent or subsidiary of Borrower;

 

(v)       that
portion of any account, which represents interim or progress billings, retention rights or billings in excess of costs on the part
of the account debtor (it being understood that installment billings for which no condition exists to prevent the receivable from
being paid by the account debtor shall not be excluded);

 

(vi)       any
account which represents an obligation of any account debtor when twenty percent (20%) or more of Borrower's accounts from such
account debtor are not eligible pursuant to (i) above;

 

(vii)       that
portion of any account from an account debtor which represents the amount by which Borrower's total accounts from said account
debtor exceeds (a) twenty-five percent (25%) of Borrower's total accounts, or (b) as to any individual contract with the United
States Department of Veterans Affairs, thirty-five percent (35%) of Borrower’s total accounts; individual contracts of a
government account debtor shall not be aggregated with other contracts of the same government account debtor for purposes of this
calculation; and

 

(viii)       any
account deemed ineligible by Bank when Bank, in its commercially reasonable discretion, deems the creditworthiness or financial
condition of the account debtor, or the industry in which the account debtor is engaged, to be unsatisfactory.

 

“Eligible Commercial Accounts Receivable”
shall mean trade accounts created in the ordinary course of Borrower's business, upon which Borrower's right to receive payment
is absolute and not contingent upon the fulfillment of any condition whatsoever, and in which Bank has a perfected security interest
of first priority, and shall not include:

 

(i)       any
account that has been outstanding more than (A) 90 days past due, or (B) 120 days from the invoice date, whichever is less;

 

(ii)       that
portion of any account for which there exists any right of setoff, defense or discount (except regular discounts allowed in the
ordinary course of business to promote prompt payment) or for which any defense or counterclaim has been asserted;

 

(iii)       any
account which represents an obligation of any state or municipal government or of the United States government or any political
subdivision thereof;

 

(iv)       any
account which represents an obligation of an account debtor that is legally organized in or has its headquarters in a foreign country;

 

    -9- 

     

    

(v)       any
account which arises from the sale or lease to or performance of services for, or represents an obligation of, an employee, affiliate,
partner, member, parent or subsidiary of Borrower;

 

(vi)       that
portion of any account, which represents interim or progress billings, retention rights or billings in excess of costs on the part
of the account debtor (it being understood that installment billings for which no condition exists to prevent the receivable from
being paid by the account debtor shall not be excluded);

 

(vii)       any
account which represents an obligation of any account debtor when twenty percent (20%) or more of Borrower's accounts from such
account debtor are not eligible pursuant to (i) above;

 

(viii)       that
portion of any account from an account debtor which represents the amount by which Borrower's total accounts from said account
debtor exceeds twenty-five percent (25%) of Borrower's total accounts; provided, however, individual franchisors of an account
debtor shall not be aggregated with other franchisors of an account debtor; and

 

(ix)       any
account deemed ineligible by Bank when Bank, in its commercially reasonable discretion, deems the creditworthiness or financial
condition of the account debtor, or the industry in which the account debtor is engaged, to be unsatisfactory.

 

“Eligible Equipment Inventory”
shall mean all equipment inventory owned by Borrower, valued at the lower of cost or market in accordance with generally accepted
accounting principles in which Bank has a perfected security interest of first priority, and shall not include:

 

(i)       inventory
that is in-transit (excluding inventory titled in the name of Borrower with clear title and fully insured naming Bank as loss payee);
located at any warehouse (provided that on or before November 30, 2016, Borrower shall obtain warehouseman’s agreements from
third-party warehousemen in form and substance satisfactory to the Bank, and that until November 30, 2016, such inventory located
at such warehouses shall not be ineligible), job site or other premises not approved by Bank; covered by any negotiable or non-negotiable
warehouse receipt, bill of lading or other document of title; on consignment from any consignor; or on consignment to any consignee
or subject to any bailment unless the consignee or bailee has executed an agreement with Bank;

 

(ii)       supplies,
parts or sample inventory, tooling inventory, customer supplied inventory, or customized or customer specific inventory not supported
by a valid purchase order;

 

(iii)       work-in-process
inventory;

 

(iv)       inventory
that is damaged, defective, or not currently saleable in the ordinary course of Borrower’s business, or is past its expiration
date, or the amount of such inventory that has been reduced by shrinkage;

 

(v)       inventory
that Borrower has returned, has attempted to return, is in the process of returning or intends to return to the vendor of the inventory;

 

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(vi)       inventory
manufactured or held for resale by Borrower pursuant to a license unless the applicable licensor has agreed in writing to permit
Bank to exercise its rights and remedies against such inventory;

 

(vii)       inventory
that is subject to a security interest or lien in favor of any third party; and

 

(viii)       equipment
inventory otherwise deemed ineligible by Bank in its commercially reasonable discretion.

 

“Eligible Parts Inventory” shall
mean all parts inventory owned by Borrower, valued at the lower of cost or market in accordance with generally accepted accounting
principles in which Bank has a perfected security interest of first priority, and shall not include:

 

(i)       In
transit inventory and rolling stock parts inventory in company-owned vehicles (excluding the following types of inventory titled
in the name of Borrower with clear title and fully insured naming Bank as loss payee: (a) in-transit inventory; and (b) rolling
stock parts inventory in company-owned vehicles);

 

(ii)       inventory
located at any warehouse (provided that on or before November 30, 2016, Borrower shall obtain warehouseman’s agreements from
third-party warehousemen in form and substance satisfactory to the Bank and that until November 30, 2016, such inventory located
at such warehouses shall not be ineligible), job site or other premises not approved by Bank; covered by any negotiable or non-negotiable
warehouse receipt, bill of lading or other document of title; on consignment from any consignor; or on consignment to any consignee
or subject to any bailment unless the consignee or bailee has executed an agreement with Bank;

 

(iii)       work-in-process
inventory;

 

(iv)       inventory
that is damaged, defective, or not currently saleable in the ordinary course of Borrower’s business, or is past its expiration
date, or the amount of such inventory that has been reduced by shrinkage;

 

(v)       inventory
that Borrower has returned, has attempted to return, is in the process of returning or intends to return to the vendor of the inventory;

 

(vi)       inventory
manufactured or held for resale by Borrower pursuant to a license unless the applicable licensor has agreed in writing to permit
Bank to exercise its rights and remedies against such inventory;

 

(vii)       inventory
that is subject to a security interest or lien in favor of any third party; and

 

(viii)       parts
inventory otherwise deemed ineligible by Bank in its sole commercially reasonable discretion.

 

The calculation of Asset Coverage Ratio shall
include all Eligible Government Accounts Receivable, Eligible Commercial Accounts Receivable, Eligible Equipment Inventory and
Eligible Parts Inventory of Borrower and Guarantor on an aggregate basis. Eligible Equipment Inventory and Eligible Parts Inventory
shall be calculated without duplication.

 

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“Credit Memo Refresh Lag Reserve”
means an amount equal to $141,000.00.

 

“Slow Moving Equipment Inventory Reserve”
shall mean five percent (5%) of the cost basis of all equipment inventory owned by Borrower.

 

“Slow Moving Parts Inventory Reserve”
shall mean five percent (5%) of the cost basis of all parts inventory owned by Borrower.

 

c)       SENIOR
LEVERAGE RATIO. Borrower shall maintain a Senior Leverage Ratio of not more than 2.50 to 1.00. For purposes of this Agreement,
“Senior Leverage Ratio” shall be defined as: (I) Total Funded Senior Secured Debt divided by (II) earnings before interest,
taxes, depreciation and amortization (EBITDA). The calculation of EBITDA shall exclude certain non-cash items, limited to stock
compensation expense (provided there is no present or future cash impact from such stock compensation expense), gain/loss from
the sale of fixed assets and temporary non-cash items relating to swap obligations. The calculation of EBITDA shall also exclude
one-time fees, costs and expenses related to the acquisition of Western State Design, LLC, as well as commercially reasonable,
one-time fees, costs and expenses related to future acquisitions, approved by Bank, in accordance with the terms of this Agreement
and the other Loan Documents. Funded Senior Secured Debt shall be defined as the outstanding principal balance of the Term Loan
and the Line of Credit.

 

This financial covenant shall be tested quarterly
commencing with the quarter ending December 31, 2016 and calculated on a rolling, four quarters basis; provided, however, that
the calculations for the testing periods for the quarters ending December 31, 2016, March 31, 2017, June 30, 2017 and September
30, 2017, shall be calculated by combining the financial statements of Borrower and Western State Design, LLC (with add-backs to
Western State Design, LLC’s financial statements to be adjusted by Borrower to give effect to Bank approved transaction expenses
incurred by Western State Design, LLC in connection with its acquisition by Borrower), for the applicable rolling four quarter
period and shall include Total Funded Senior Secured Debt ’s per the Borrower’s quarterly financial statement.

 

d)       TOTAL
LEVERAGE RATIO. Borrower shall maintain a Total Leverage Ratio of not more than 3.50 to 1.00. For purposes of this Agreement, “Total
Leverage Ratio” shall be defined as: (I) Total Funded Senior Secured Debt plus Subordinated Shareholder Debt divided by (II)
earnings before interest, taxes, depreciation and amortization (EBITDA). Total Funded Senior Secured Debt plus Subordinated Debt
shall be defined as the outstanding principal balance of all the Term Loan and the Line of Credit plus the outstanding principal
balance of any Subordinated Debt. The calculation of EBITDA shall not include non-cash expenses limited to stock compensation expense
(provided there is no present or future cash impact from such stock compensation expense), gain/loss from the sale of fixed assets
and temporary non-cash items relating to swap obligations. The calculation of EBITDA shall also exclude one-time fees, costs and
expenses related to the acquisition of Western State Design, LLC, as well as commercially reasonable, one-time fees, costs and
expenses related to future acquisitions, approved by Bank, in accordance with the terms of this Agreement and the other Loan Documents.
All Shareholder Debt must be fully subordinated to all obligations under the Term Loan and the Line of Credit.

 

This financial covenant shall be tested quarterly
commencing with the quarter ending December 31, 2016 and calculated on a rolling, four quarters basis; provided, however, that
the calculations for the testing periods for the quarters ending December 31, 2016, March 31, 2017, 

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June 30, 2017 and September
30, 2017, shall be calculated by combining the financial statements of Borrower and Western State Design, LLC (with add-backs to
Western State Design, LLC’s financial statements to be adjusted by Borrower to give effect to Bank approved transaction expenses
incurred by Western State Design, LLC in connection with its acquisition by Borrower), for the applicable rolling four quarter
period and shall include Total Funded Senior Secured Debt and Total Subordinated Debt per the Borrower’s quarterly financial
statement.

 

e)        PROFITABILITY.
At all times during the term of the Term Loan and the Line of Credit, Net Earnings (as defined in Borrower’s 10K or 10Q statements)
shall not be less than $0.00; provided, however, for purposes of calculating profitability, such calculation shall exclude one-time
fees, costs and expenses related to the acquisition of Western State Design, LLC, and such other reasonable one-time fees, costs
and expenses related to other acquisitions approved by Bank in accordance with the terms of this Agreement and the other Loan Documents.

 

f)       DISTRIBUTIONS.
Beginning with distributions relating to fiscal year 2017 net income, distributions shall be limited to a maximum of 35% of Net
Income and, in any event, prohibited during the continuance of an Event of Default. The calculation of Net Income shall exclude
one-time fees, costs and expenses related to the acquisition of Western State Design, LLC, and shall exclude commercially reasonable
one-time fees, costs and expenses approved by Bank, related to other acquisitions approved by Bank in accordance with the terms
of this Agreement and the other Loan Documents. All distributions made on account of the 2016 calendar year attributable to 2016
net income shall not exceed those attributable to 2015 fiscal year net income.

 

g)       FUTURE
ACQUISITIONS. Mergers, acquisitions, purchases or other consolidations of other entities shall be limited to the total purchase
price of not greater than $5,000,000 in the aggregate in any calendar year without Bank prior approval. If Bank approval is required,
such approval shall not be unreasonably withheld or delayed; provided, however, that whether or not such approval shall be required,
prior to such acquisition and/or prior to any borrowing for any such acquisition, the Borrower shall demonstrate pro forma compliance
with all loan covenants.

 

h)       STOCK
COMPENSATION EXPENSE. Borrower shall not pay more than $1,000,000.00 annually in stock compensation expense which has or will have
a cash impact on the Borrower.

 

SECTION 4.10.       NOTICE TO BANK. Promptly
(but in no event more than five (5) days after the occurrence of each such event or matter) give written notice to Bank in reasonable
detail of: (a) the occurrence of any Event of Default, or any condition, event or act which with the giving of notice or the passage
of time or both would constitute an Event of Default; (b) any change in the name or the organizational structure of Borrower;
(c) the occurrence and nature of any Reportable Event or Prohibited Transaction, each as defined in ERISA, or any funding
deficiency with respect to any Plan; or (d) any termination or cancellation of any insurance policy which Borrower is required
to maintain, or any uninsured or partially uninsured loss through liability or property damage, or through fire, theft or any other
cause affecting Borrower's property.

 

SECTION 4.11       PRIMARY DEPOSIT RELATIONSHIP.
Bank shall be the primary depository and treasury management service provider of Borrower and its Subsidiaries.

 

SECTION 4.12       ASSIGNMENT
OF GOVERNMENT ACCOUNTS. Within ten (10) days after closing, Borrower shall deliver to Bank “Notice of Assignment of Accounts”

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instruments in a form that can be executed by Bank and a government contract party for each government contract party in contract
with Borrower or Guarantor as of the date of this Agreement. Following the occurrence and during the continuance of an Event of
Default, Bank may require Borrower to use commercially reasonable efforts to assist in the assignment to Bank of any account which
represents an obligation of the United States government or any political subdivision thereof pursuant to the assignment provisions
of the Federal Assignment of Claims Act, as amended or recodified from time to time, or other similar laws, and obtain within 120
days of request thereof by Bank executed “Notice of Assignment of Accounts” instruments in form acceptable to Bank
from each government contract party under a contract. In the event Borrower is unable to obtain a Notice of Assignment of Account
within such 120-day period, such account shall not be an Eligible Government Accounts Receivable until such executed Notice of
Assignment of Account is delivered to Bank. So long as no Event of Default has occurred and is continuing, Borrower shall not be
required to obtain executed Notice of Assignment of Accounts instruments and so long as such contracts otherwise satisfy the eligibility
requirements set forth in this Agreement, such contracts of Western State Design, Inc., Borrower, Guarantor and/or their Subsidiaries
will be considered Eligible Government Account Receivables for the calculation of the Asset Coverage Ratio notwithstanding Bank
has not received such Notices of Assignment of Accounts.

 

ARTICLE V

NEGATIVE COVENANTS

 

Borrower further covenants
that so long as Bank remains committed to extend credit to Borrower pursuant hereto, or any liabilities (whether direct or contingent,
liquidated or unliquidated) of Borrower to Bank under any of the Loan Documents remain outstanding, and until payment in full of
all obligations of Borrower subject hereto, Borrower will not without Bank's prior written consent:

 

SECTION 5.1.       USE OF FUNDS. Use any of
the proceeds of any credit extended hereunder except for the purposes stated in Article I hereof, or directly or indirectly use
any such proceeds for the purpose of (a) providing financing or otherwise funding any targets of Sanctions; or (b) providing financing
or otherwise funding any transaction which would be prohibited by Sanctions or would otherwise cause Bank or any of Bank’s
affiliates to be in breach of any Sanction.

 

SECTION 5.2.       CAPITAL EXPENDITURES. Make
any additional investment in fixed assets of more than $650,000 in the aggregate in any fiscal year other than in connection with
an acquisition, with such cap to be adjusted in connection with the consummation of future acquisitions, as such cap may be agreed
between Bank and Borrower.

 

SECTION 5.3.       LEASE EXPENDITURES. Incur
any operating lease expense for leases of real property used in connection with Borrower’s business in an amount not to exceed
$750,000 in the aggregate.

 

SECTION 5.4.       OTHER INDEBTEDNESS. Except
as permitted under Section 4.9(g) hereof, create, incur, assume or permit to exist any indebtedness or liabilities resulting from
borrowings, loans or advances, whether secured or unsecured, matured or unmatured, liquidated or unliquidated, joint or several,
except (a) the liabilities of Borrower to Bank, and (b) any other liabilities of Borrower existing as of, and disclosed to
Bank prior to, the date hereof.

 

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SECTION 5.5.       MERGER, CONSOLIDATION,
TRANSFER OF ASSETS. Subject to the limitation contained in Section 4.9(g) herein, (i) acquire all or substantially all of the assets
of another entity, or (ii) merge into or consolidate with any other entity where the Borrower is not the surviving entity; make
any substantial change in the nature of Borrower's business as conducted as of the date hereof; nor sell, lease, transfer or otherwise
dispose of all or a substantial or material portion of Borrower's assets except in the ordinary course of its business.

 

SECTION 5.6.       GUARANTIES. Guarantee or
become liable in any way as surety, endorser (other than as endorser of negotiable instruments for deposit or collection in the
ordinary course of business), accommodation endorser or otherwise for, nor pledge or hypothecate any assets of Borrower as security
for, any liabilities or obligations of any other person or entity, except any of the foregoing in favor of Bank.

 

SECTION 5.7.       LOANS, ADVANCES, INVESTMENTS.
Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed
to Bank prior to, the date hereof.

 

SECTION 5.8.       DIVIDENDS, DISTRIBUTIONS.
Except as permitted under Section 4.9(f) hereof, declare or pay any dividend or distribution either in cash, stock or any other
property on Borrower's stock now or hereafter outstanding, nor redeem, retire, repurchase or otherwise acquire any shares of any
class of Borrower's stock now or hereafter outstanding; provided however, that (a) Borrower may declare and make dividend
payment or other distributions payable solely in the common stock or other common equity interests of such person; (b) Borrower
may purchase, redeem or otherwise acquire its common stock with the proceeds received from the substantially concurrent issue of
new common stock; (c) Borrower may make cashless repurchases of common stock of the Borrower deemed to occur upon the exercise
of options, warrants or similar rights solely to the extent that shares of such stock represent a portion of the exercise price
of such options, warrants or similar rights; (d) Borrower may make repurchases of stock of the Borrower deemed to occur upon the
payment by the Borrower of employee tax liabilities arising from stock issued pursuant to stock option or other equity-based incentive
plans or other benefit plans approved by the Borrower’s board of directors (or substantially equivalent governing body) for
management or employees of the Borrower and its Subsidiaries; (e) the Borrower may make cash payments in lieu of the issuance of
fractional shares in connection with the exercise of warrants, options or other securities convertible into or exchangeable for
equity interests of the Borrower; and (f) the Borrower and each Subsidiary may repurchase, retire or otherwise acquire the stock
of the Borrower from directors, officers, employees or members of management consultants or independent contractors (or their estate,
family members, spouse and/or former spouse) of the Borrower or any Subsidiary not in excess of $1,500,000 during each fiscal year
of the Borrower if immediately before and after giving effect to such payment no Event of Default shall exist.

 

SECTION 5.9.       PLEDGE OF ASSETS. Mortgage,
pledge, grant or permit to exist a security interest in, or lien upon, all or any portion of Borrower's assets now owned or hereafter
acquired, except any of the foregoing in favor of Bank or which is existing as of, and disclosed to Bank in writing prior to, the
date hereof.

 

ARTICLE VI

EVENTS OF DEFAULT

 

SECTION 6.1.       The occurrence of any of
the following shall constitute an "Event of Default" under this Agreement:

 

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(a)       Borrower
shall fail to pay within five (5) days when due (other than any failure to pay amounts when due on the respective maturity dates
of the Line of Credit Note or the Term Note) when due any principal, interest, fees or other amounts payable under the Term Note,
the Line of Credit Note or any of the Loan Documents.

 

(b)       Any
financial statement or certificate furnished to Bank in connection with, or any representation or warranty made by Borrower or
any other party under this Agreement or any other Loan Document shall prove to be incorrect, false or misleading in any material
respect when furnished or made and such statement if correct would show a material adverse effect on Borrower’s business.

 

(c)       Any
default in the performance of or compliance with any obligation, agreement or other provision contained herein or in any other
Loan Document (other than those specifically described as an “Event of Default” in this section 6.1), and with respect
to any such default that by its nature can be cured, such default shall continue for a period of twenty (20) days from its occurrence,
provided, however, that if the default cannot by its nature, be cured within the twenty (20) day period or cannot after diligent
attempts by Borrower be cured within such twenty (20) day period, and such default is likely to be cured within a reasonable time,
then Borrower shall have an additional period determined by Bank determined by Bank (which shall not in any case exceed an additional
thirty (30) days) to attempt to cure such default, and within such additional period the failure to cure the default shall not
be deemed an Event of Default.

 

(d)       Any
default in the payment or performance of any obligation, or any defined event of default, under the terms of any material contract,
instrument or document (other than any of the Loan Documents) pursuant to which Borrower, any guarantor hereunder or any Subsidiary,
general partner or joint venturer in Borrower if a partnership or joint venture (with each such guarantor, Subsidiary, general
partner and/or joint venturer referred to herein as a "Third Party Obligor") has incurred any debt or other liability
to any person or entity, including Bank.

 

(e)       Borrower
or any Third Party Obligor shall become insolvent, or shall suffer or consent to or apply for the appointment of a receiver, trustee,
custodian or liquidator of itself or any of its property, or shall generally fail to pay its debts as they become due, or shall
make a general assignment for the benefit of creditors; Borrower or any Third Party Obligor shall file a voluntary petition in
bankruptcy, or seeking reorganization, in order to effect a plan or other arrangement with creditors or any other relief under
the Bankruptcy Reform Act, Title 11 of the United States Code, as amended or recodified from time to time ("Bankruptcy Code"),
or under any state or federal law granting relief to debtors, whether now or hereafter in effect; or Borrower or any Third Party
Obligor shall file an answer admitting the jurisdiction of the court and the material allegations of any involuntary petition;
or Borrower or any Third Party Obligor shall be adjudicated a bankrupt, or an order for relief shall be entered against Borrower
or any Third Party Obligor by any court of competent jurisdiction under the Bankruptcy Code or any other applicable state or federal
law relating to bankruptcy, reorganization or other relief for debtors.

 

(f)       The
filing of a notice of judgment lien against Borrower or any Third Party Obligor in excess of $500,000.00; or the recording of any
abstract or transcript of judgment against Borrower or any Third Party Obligor in excess of $500,000.00 in any county or recording
district in which Borrower or such Third Party Obligor has an interest in real property; or the service of a notice of levy and/or
of a writ of attachment or execution, or other like process, against the 

    -16- 

     

    

assets of Borrower; or the entry of a judgment against
Borrower or any Third Party Obligor in excess of $500,000.00; or any involuntary petition or proceeding pursuant to the Bankruptcy
Code or any other applicable state or federal law relating to bankruptcy, reorganization or other relief for debtors is filed or
commenced against Borrower or any Third Party Obligor and is not dismissed or stayed within sixty (60) days after the commencement
thereof.

 

(g)       There
shall exist or occur any event or condition that Bank in good faith believes impairs, or is substantially likely to impair, the
prospect of payment or performance by Borrower, any Third Party Obligor, or the general partner of either if such entity is a partnership,
of its obligations under any of the Loan Documents and such condition could have a material adverse effect on the rights of Bank
hereunder.

 

(h)       The
dissolution or liquidation of Borrower or any Third Party Obligor if a corporation, partnership, joint venture or other type of
entity; or Borrower or any such Third Party Obligor, or any of its directors, stockholders or members, shall take action seeking
to effect the dissolution or liquidation of Borrower or such Third Party Obligor.

 

(i)       Any
"person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), but excluding any of Henry Nahmad, Michael Steiner, or any “group” controlled
by either such individual) shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the "beneficial
owner" (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of more than 25% of the capital
stock of the Borrower.

 

SECTION 6.2.       REMEDIES. Upon the occurrence
and during the continuance of any Event of Default: (a) all principal, unpaid interest outstanding and other indebtedness
of Borrower under each of the Loan Documents, any term thereof to the contrary notwithstanding, shall at Bank's option and without
notice become immediately due and payable without presentment, demand, protest or any notices of any kind, including without limitation,
notice of nonperformance, notice of protest, notice of dishonor, notice of intention to accelerate or notice of acceleration, all
of which are hereby expressly waived by Borrower; (b) the obligation, if any, of Bank to extend any further credit under any
of the Loan Documents shall immediately cease and terminate; and (c) Bank shall have all rights, powers and remedies available
under each of the Loan Documents, or accorded by law, including without limitation the right to resort to any or all security for
any credit subject hereto and to exercise any or all of the rights of a beneficiary or secured party pursuant to applicable law.
All rights, powers and remedies of Bank may be exercised at any time by Bank and from time to time after the occurrence and during
the continuance of an Event of Default, are cumulative and not exclusive, and shall be in addition to any other rights, powers
or remedies provided by law or equity.

 

ARTICLE VII

MISCELLANEOUS

 

SECTION 7.1.        NO WAIVER. No delay, failure
or discontinuance of Bank in exercising any right, power or remedy under any of the Loan Documents shall affect or operate as a
waiver of such right, power or remedy; nor shall any single or partial exercise of any such right, power or remedy preclude, waive
or otherwise affect any other or further exercise thereof or the exercise of any other right, power or remedy. Any waiver, permit,
consent or approval of any kind by Bank of any breach of or default under any of the Loan Documents must be in writing and shall
be effective only to the extent set forth in such writing.

 

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SECTION 7.2.       NOTICES. All notices, requests
and demands which any party is required or may desire to give to any other party under any provision of this Agreement must be
in writing delivered to each party at the following address:

	 	 
	BORROWER:	EnviroStar, Inc.
	 	290 NE 68th Street
	 	Miami, Florida 33138
	 	 
	BANK:	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	200 South Biscayne Boulevard, Annex Building
	 	Miami, Florida 33131

 

or to such other address as any party may designate
by written notice to all other parties. Each such notice, request and demand shall be deemed given or made as follows: (a) if
sent by hand delivery, upon delivery; (b) if sent by mail, upon the earlier of the date of receipt or three (3) days after
deposit in the U.S. mail, first class and postage prepaid; and (c) if sent by telecopy, upon receipt.

 

SECTION 7.3.       COSTS, EXPENSES AND ATTORNEYS'
FEES. Borrower shall pay to Bank promptly upon demand the full amount of all payments, advances, charges, costs and expenses, including,
to the extent permitted by applicable law, reasonable attorneys' fees (to include outside counsel fees), expended or incurred by
Bank in connection with (a) the negotiation and preparation of this Agreement and the other Loan Documents, Bank's continued
administration hereof and thereof, and the preparation of any amendments and waivers hereto and thereto, (b) the enforcement
of Bank's rights and/or the collection of any amounts which become due to Bank under any of the Loan Documents, whether or not
suit is brought, and (c) the prosecution or defense of any action in any way related to any of the Loan Documents, including
without limitation, any action for declaratory relief, whether incurred at the trial or appellate level, in an arbitration proceeding
or otherwise, and including any of the foregoing incurred in connection with any bankruptcy proceeding (including without limitation,
any adversary proceeding, contested matter or motion brought by Bank or any other person) relating to Borrower or any other person
or entity. Notwithstanding anything in this Agreement to the contrary, reasonable attorneys' fees shall not exceed the amount permitted
by law. Whenever in this Agreement and the other Loan Documents Borrower is obligated to pay for the attorneys' fees of Bank, or
the phrase "reasonable attorneys' fees" or a similar phrase is used, it shall be Borrower's obligation to pay the attorneys'
fees actually incurred or allocated, at standard hourly rates, without regard to any statutory interpretation, which shall not
apply, Borrower hereby waiving the application of any such statute.

 

SECTION 7.4.       SUCCESSORS, ASSIGNMENT.
This Agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, legal representatives, successors
and assigns of the parties; provided however, that Borrower may not assign or transfer its interests or rights hereunder without
Bank's prior written consent. Bank reserves the right to sell, assign, transfer, negotiate or grant participations in all or any
part of, or any interest in, Bank's rights and benefits under each of the Loan Documents. In connection therewith, Bank may disclose
all documents and information which Bank now has or may hereafter acquire relating to any credit subject hereto, Borrower or its
business, any guarantor hereunder or the business of such guarantor, if any, or any collateral required hereunder.

 

SECTION 7.5.       ENTIRE AGREEMENT; AMENDMENT.
To the full extent permitted by law, this Agreement and the other Loan Documents constitute the entire agreement between 

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Borrower
and Bank with respect to each credit subject hereto and supersede all prior negotiations, communications, discussions and correspondence
concerning the subject matter hereof. This Agreement may be amended or modified only in writing signed by each party hereto.

 

SECTION 7.6.       NO THIRD PARTY BENEFICIARIES.
This Agreement is made and entered into for the sole protection and benefit of the parties hereto and their respective permitted
successors and assigns, and no other person or entity shall be a third party beneficiary of, or have any direct or indirect cause
of action or claim in connection with, this Agreement or any other of the Loan Documents to which it is not a party.

 

SECTION 7.7.       TIME. Time is of the essence
of each and every provision of this Agreement and each other of the Loan Documents.

 

SECTION 7.8.       SEVERABILITY OF PROVISIONS.
If any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective
only to the extent of such prohibition or invalidity without invalidating the remainder of such provision or any remaining provisions
of this Agreement.

 

SECTION 7.9.       COUNTERPARTS. This Agreement
may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and
all of which when taken together shall constitute one and the same Agreement. Delivery of an executed counterpart of a signature
page of this Agreement by telecopy, emailed .pdf or any other electronic means that reproduces an image of the actual executed
signature page shall be effective as delivery of a manually executed counterpart of this Agreement.

 

SECTION 7.10.       GOVERNING LAW. This Agreement
shall be governed by and construed in accordance with the laws of the State of New York (such State, Commonwealth or District is
referred to herein as the “State”), but giving effect to federal laws applicable to national banks, without reference
to the conflicts of law or choice of law principles thereof.

 

SECTION 7.11.       BUSINESS PURPOSE. Borrower
represents and warrants that each credit subject hereto is made for (a) a business, commercial, investment, agricultural or other
similar purpose, (b) the purpose of acquiring or carrying on a business, professional or commercial activity, or (c) the purpose
of acquiring any real or personal property as an investment and not primarily for a personal, family or household use.

 

SECTION 7.12.       RIGHT OF SETOFF; DEPOSIT
ACCOUNTS. Upon the occurrence and during the continuance of an Event of Default, (a) Borrower hereby authorizes Bank, at any time
and from time to time, without notice, which is hereby expressly waived by Borrower, and whether or not Bank shall have declared
any credit subject hereto to be due and payable in accordance with the terms hereof, to set off against, and to appropriate and
apply to the payment of, Borrower's obligations and liabilities under the Loan Documents (whether matured or unmatured, fixed or
contingent, liquidated or unliquidated), any and all amounts owing by Bank to Borrower (whether payable in U.S. dollars or any
other currency, whether matured or unmatured, and in the case of deposits, whether general or special (except trust and escrow
accounts), time or demand and however evidenced), and (b) pending any such action, to the extent necessary, to hold such amounts
as collateral to secure such obligations and liabilities and to return as unpaid for insufficient funds any and all checks and
other items drawn against any deposits so held as Bank, in its sole discretion, may elect. Bank may exercise this remedy regardless
of the adequacy of any collateral for the obligations of Borrower to Bank and whether 

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or not the Bank is otherwise fully secured.
Borrower hereby grants to Bank a security interest in all deposits and accounts maintained with Bank to secure the payment of all
obligations and liabilities of Borrower to Bank under the Loan Documents.

 

SECTION 7.13       CROSS-COLLATERIZATION/CROSS-DEFAULT.
The obligations of Borrower under the Loan Documents with respect to the Line of Credit and all agreements executed in connection
therewith and the obligations of Borrower under the Loan Documents with respect to the Term Loan and all agreements executed in
connection therewith shall be cross-collateralized and cross-defaulted under this Agreement and to any and all other obligations
owed by Borrower to the Bank under this Agreement or the other Loan Documents with respect to either the Line of Credit or the
Term Loan.

 

SECTION 7.14.       ARBITRATION.

 

(a)       Arbitration.
The parties hereto agree, upon demand by any party, to submit to binding arbitration all claims, disputes and controversies between
or among them (and their respective employees, officers, directors, attorneys, and other agents), whether in tort, contract or
otherwise in any way arising out of or relating to (i) any credit subject hereto, or any of the Loan Documents, and their negotiation,
execution, collateralization, administration, repayment, modification, extension, substitution, formation, inducement, enforcement,
default or termination; or (ii) requests for additional credit. In the event of a court ordered arbitration, the party requesting
arbitration shall be responsible for timely filing the demand for arbitration and paying the appropriate filing fee within 30 days
of the abatement order or the time specified by the court. Failure to timely file the demand for arbitration as ordered by the
court will result in that party’s right to demand arbitration being automatically terminated.

 

(b)       Governing
Rules. Any arbitration proceeding will (i) proceed in a location in the State selected by the American Arbitration Association
(“AAA”); (ii) be governed by the Federal Arbitration Act (Title 9 of the United States Code), notwithstanding any conflicting
choice of law provision in any of the documents between the parties; and (iii) be conducted by the AAA, or such other administrator
as the parties shall mutually agree upon, in accordance with the AAA’s commercial dispute resolution procedures, unless the
claim or counterclaim is at least $1,000,000.00 exclusive of claimed interest, arbitration fees and costs in which case the arbitration
shall be conducted in accordance with the AAA’s optional procedures for large, complex commercial disputes (the commercial
dispute resolution procedures or the optional procedures for large, complex commercial disputes to be referred to herein, as applicable,
as the “Rules”). If there is any inconsistency between the terms hereof and the Rules, the terms and procedures set
forth herein shall control. Any party who fails or refuses to submit to arbitration following a demand by any other party shall
bear all costs and expenses incurred by such other party in compelling arbitration of any dispute. Nothing contained herein shall
be deemed to be a waiver by any party that is a bank of the protections afforded to it under 12 U.S.C. §91 or any similar
applicable state law.

 

(c)       No
Waiver of Provisional Remedies, Self-Help and Foreclosure. The arbitration requirement does not limit the right of any party
to (i) foreclose against real or personal property collateral; (ii) exercise self-help remedies relating to collateral or proceeds
of collateral such as setoff or repossession; or (iii) obtain provisional or ancillary remedies such as replevin, injunctive relief,
attachment or the appointment of a receiver, before during or after the pendency of any arbitration proceeding. This exclusion
does not constitute a waiver of the right or obligation of any party to submit any dispute to arbitration or reference hereunder,
including 

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those arising from the exercise of the actions detailed in sections (i), (ii) and (iii) of this paragraph.

 

(d)       Arbitrator
Qualifications and Powers. Any arbitration proceeding in which the amount in controversy is $5,000,000.00 or less will be decided
by a single arbitrator selected according to the Rules, and who shall not render an award of greater than $5,000,000.00. Any dispute
in which the amount in controversy exceeds $5,000,000.00 shall be decided by majority vote of a panel of three arbitrators; provided
however, that all three arbitrators must actively participate in all hearings and deliberations. The arbitrator will be a neutral
attorney licensed in the State or a neutral retired judge of the state or federal judiciary of the State, in either case with a
minimum of ten years’ experience in the substantive law applicable to the subject matter of the dispute to be arbitrated.
The arbitrator will determine whether or not an issue is arbitratable and will give effect to the statutes of limitation in determining
any claim. In any arbitration proceeding the arbitrator will decide (by documents only or with a hearing at the arbitrator's discretion)
any pre-hearing motions which are similar to motions to dismiss for failure to state a claim or motions for summary adjudication.
The arbitrator shall resolve all disputes in accordance with the substantive law of the State and may grant any remedy or relief
that a court of such state could order or grant within the scope hereof and such ancillary relief as is necessary to make effective
any award. The arbitrator shall also have the power to award recovery of all costs and fees, to impose sanctions and to take such
other action as the arbitrator deems necessary to the same extent a judge could pursuant to the Federal Rules of Civil Procedure,
the corresponding rules of civil practice and procedure applicable in the State or other applicable law. Judgment upon the award
rendered by the arbitrator may be entered in any court having jurisdiction. The institution and maintenance of an action for judicial
relief or pursuit of a provisional or ancillary remedy shall not constitute a waiver of the right of any party, including the plaintiff,
to submit the controversy or claim to arbitration if any other party contests such action for judicial relief.

 

(e)       Discovery.
In any arbitration proceeding, discovery will be permitted in accordance with the Rules. All discovery shall be expressly limited
to matters directly relevant to the dispute being arbitrated and must be completed no later than 20 days before the hearing date.
Any requests for an extension of the discovery periods, or any discovery disputes, will be subject to final determination by the
arbitrator upon a showing that the request for discovery is essential for the party's presentation and that no alternative means
for obtaining information is available.

 

(f)       Class
Proceedings and Consolidations. No party hereto shall be entitled to join or consolidate disputes by or against others in any
arbitration, except parties who have executed any Loan Document, or to include in any arbitration any dispute as a representative
or member of a class, or to act in any arbitration in the interest of the general public or in a private attorney general capacity.

 

(g)       Payment
Of Arbitration Costs And Fees. The arbitrator shall award all costs and expenses of the arbitration proceeding.

 

(h)       Miscellaneous.
To the maximum extent practicable, the AAA, the arbitrators and the parties shall take all action required to conclude any arbitration
proceeding within 180 days of the filing of the dispute with the AAA. No arbitrator or other party to an arbitration proceeding
may disclose the existence, content or results thereof, except for disclosures of information by a party required in the ordinary
course of its business or by applicable law or regulation. If more than one agreement for arbitration by or between the parties
potentially applies to a dispute, the 

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arbitration provision most directly related to the Loan Documents or the subject matter of
the dispute shall control. This arbitration provision shall survive termination, amendment or expiration of any of the Loan Documents
or any relationship between the parties.

 

(i)       Small
Claims Court. Notwithstanding anything herein to the contrary, each party retains the right to pursue in Small Claims Court
any dispute within that court’s jurisdiction. Further, this arbitration provision shall apply only to disputes in which either
party seeks to recover an amount of money (excluding attorneys’ fees and costs) that exceeds the jurisdictional limit of
the Small Claims Court.

 

 

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IN WITNESS WHEREOF, the
parties hereto, intending to be legally bound hereby, have caused this Agreement to be executed as of the day and year first written
above.

 

 

 

 

	 	ENVIROSTAR, INC., a Delaware corporation
	 	 	 
	 	By:	/s/ Henry M Nahmad
	 	Name:	 Henry Nahmad
	 	Title:	 President
	 	 	 
	 	 	 
	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	 
	 	By:	 /s/ Amy L. Brown
	 	 	Amy L. Brown, Senior Vice President
	 	 	 

 

 

 

 

    -23- 

     

    

 

Exhibit A

 

Compliance Certificate

 

COVENANT COMPLIANCE CERTIFICATE
(BORROWER)

Borrower Name: ENVIROSTAR, INC., a Delaware
corporation

For the fiscal _________________________
ended ____________________

ATTACHED HERETO ARE
CALCULATIONS EVIDENCING COMPLIANCE WITH THE FOLLOWING COVENANTS PURSUANT TO THE TERMS OF THE CREDIT AGREEMENT:

	COVENANT	ACTUAL	 	 
	REQUIRED	 	 	 
	 	 	 	 
	FIXED CHARGE COVERAGE RATIO	 	 	 
	(pursuant to Section 4.9(a) of the Credit Agreement) 	______ to 1.00	 	 
	1.25 to 1.00	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	ASSET COVERAGE RATIO	 	 	 
	(pursuant to Section 4.9(b) of the Credit Agreement) 	______ to 1.00	 	 
	1.00 to 1.00	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	SENIOR LEVERAGE RATIO	 	 	 
	(pursuant to Section 4.9(c) of the Credit Agreement) 	______ to 1.00	 	 
	2.50 to 1.00	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	TOTAL LEVERAGE RATIO	 	 	 
	(pursuant to Section 4.9(d) of the Credit Agreement)	______ to 1.00	 	 
	3.50 to 1.00	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	PROFITABILITY	 	 	 
	(pursuant to Section 4.9(e) of the Credit Agreement)	___________	      >	 
	$0.00	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 

    -24- 

     

    

	 	 	 	 
	DISTRIBUTIONS	 	 	 
	(pursuant to Section 4.9(f) of the Credit Agreement)	__________  (< 35% of Net
	Income)	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	ACQUISITIONS	 	 	 
	(pursuant to Section 4.9(g) of the Credit Agreement)	_________	 	 
	(<$5,000,000)	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	 	 	 	 
	STOCK COMPENSATION EXPENSE	 	 	 
	(pursuant to Section 4.9(h) of the Credit Agreement)	_________	 	 
	(<$1,000,000)	 	 	 
	 	 	 	 
	 	Compliance? 	Yes	 
	No	 	 	 
	 	 	 	 
	 	 	 	 
	NEGATIVE COVENANT COMPLIANCE 	Compliance?  	Yes	 
		No	 	 

 

    -25- 

     

    

In accordance with
the terms of the Credit Agreement dated as of October _____, 2016, by and between WELLS FARGO BANK, NATIONAL ASSOCIATION and Borrower,
I hereby certify that:

		1.	I am a principal financial officer of Borrower;

		2.	The enclosed financial calculations are prepared in form acceptable to Bank;

		3.	No Event of Default (as defined in the Loan Documents) or any event which, upon the giving of notice
or lapse of time or both, would constitute such an Event of Default, has occurred; and

		4.	Borrower is in compliance with the Financial Covenant(s) and Negative Covenants set forth in the
Loan Documents, as demonstrated by the calculations contained in this certificate.

BORROWER:

 

ENVIROSTAR, INC., a Delaware corporation

 

 

By:______________________

Name:____________________

Title:_____________________

 

 

    -26-

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