Document:

Exhibit 10.3

 

PURCHASE AND CONTRIBUTION AGREEMENT

 

by and among

 

INVACOR PIPELINE AND PROCESS SOLUTIONS,
LLC,

 

CSL ENERGY HOLDING III CORP, LLC,

 

SENTINEL ENERGY SERVICES INC.,

 

and

 

STRIKE,
LLC

 

October 18, 2018

 

     

     

    

 

TABLE OF CONTENTS

 

	 

 	Article I

DEFINITIONS	 

 
	1.1	Certain Definitions	1
	1.2	Construction	2
	 

 	Article II

CONTRIBUTION AND ACQUISITION; CLOSING	 

 
	2.1	Transfer of Pipelogic Membership Interests to Buyer	2
	2.2	Contribution of Pipelogic Membership Interests to Contributee	2
	2.3	Consideration	2
	2.4	[Intentionally Omitted.]	3
	2.5	Closing Conditions	3
	2.6	Post-Closing Purchase Price Adjustment.	7
	 

 	Article III

REPRESENTATIONS AND WARRANTIES OF SELLERS	 

 
	3.1	Organization	8
	3.2	Qualification; Power	8
	3.3	Authority; Enforceability	9
	3.4	Consents; Absence of Conflicts	9
	3.5	Subsidiaries	10
	3.6	Ownership; Capitalization	10
	3.7	Accredited Investor Status and Tax Treatment	11
	3.8	Absence of Changes	11
	3.9	Affiliate Transactions	13
	3.10	Real Property	13
	3.11	Personal Property	15
	3.12	Permits	15
	3.13	Contracts	15
	3.14	Intellectual Property	18
	3.15	Receivables; Payables	19
	3.16	Brokers’ Fees; Expenses	20
	3.17	Financial Statements	20
	3.18	No Undisclosed Liabilities	21
	3.19	Legal Compliance	21
	3.20	Taxes	21
	3.21	Inventory	22
	3.22	Litigation	22
	3.23	Product and Service Warranty	22
	3.24	Employees; Employee Relations	23
	3.25	Employee Benefit Matters	25
	3.26	Environmental Matters	27
	3.27	Bank Accounts	29
	3.28	Insurance	29
	3.29	Books and Records	29
	3.30	Debt	29
	3.31	Assets Necessary to the Pipelogic Business	29
	3.32	Customers and Suppliers	30
	3.33	No Other Representations or Warranties	30

 

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 	Article IV

REPRESENTATIONS AND WARRANTIES OF BUYER	 

 
	4.1	Organization	30
	4.2	Qualification; Power	30
	4.3	Capitalization	30
	4.4	Authority; Enforceability	31
	4.5	Absence of Conflicts	31
	4.6	Purchase Entirely for Own Account	31
	4.7	Brokers’ Fees	31
	4.8	No Other Representations or Warranties	31
	 

 	Article V

REPRESENTATIONS AND WARRANTIES OF CONTRIBUTEE	 

 
	5.1	Organization	32
	5.2	Qualification; Power	32
	5.3	Authority; Enforceability	32
	5.4	Absence of Conflicts	32
	5.5	Capitalization	32
	5.6	Brokers’ Fees	32
	5.7	No Other Representations or Warranties	33
	 

 	Article VI

COVENANTS	 

 
	6.1	Operation of Business	33
	6.2	Releases and Termination	35
	6.3	Use of Name	36
	6.4	Further Assurances	36
	6.5	Confidentiality	36
	6.6	Transfer Taxes	37
	6.7	Tax Returns; Liability for Taxes; Other Tax Matters	37
	6.8	Cooperation on Tax Matters	38
	6.9	Books and Records	39
	6.10	Publicity	39
	6.11	Exculpation Among Buyer and Contributee Equityholders	39
	6.12	Reasonable Access.	39
	6.13	Notice of Events	40
	6.14	Further Action	40
	6.15	Termination of Agreements	41
	6.16	Revised Transaction Structure	41
	 

 	Article VII

CLOSING; CLOSING DELIVERIES	 

 
	7.1	Closing	41
	7.2	Seller Deliveries	41
	7.3	Buyer Deliveries	42
	7.4	Contributee Deliveries	43

 

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 	Article VIII

INDEMNIFICATION	 

 
	8.1	Indemnities of Sellers	43
	8.2	Indemnities of Buyer	45
	8.3	Indemnities of Contributee	45
	8.4	Claim Procedures	46
	8.5	Calculation, Timing, Manner and Characterization of Indemnification Payments	46
	8.6	Recovery	46
	8.7	Offset Rights and Limitations	47
	8.8	Survival	47
	8.9	Reliance	47
	8.10	Control of Third-Party Claims	47
	8.11	Express Negligence	48
	8.12	Exclusive Remedy	49
	 

 	Article IX

TERMINATION	 

 
	9.1	Termination	49
	9.2	Effect of Termination	50
	 

 	Article X

MISCELLANEOUS	 

 
	10.1	Assignment	50
	10.2	Notices	51
	10.3	Governing Law; Consent to Jurisdiction; Waiver of Jury Trial	52
	10.4	Entire Agreement; Amendments and Waivers	52
	10.5	Multiple Counterparts	52
	10.6	Expenses	52
	10.7	Invalidity	52
	10.8	No Third Party Beneficiaries	53
	10.9	No Presumption Against Any Party	53
	10.10	Specific Performance	53

 

Exhibits

 

	Exhibit A	Defined Terms
	Exhibit B	Net Working Capital Accounts
	Exhibit C	Form of Pledge Agreement

 

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PURCHASE AND CONTRIBUTION AGREEMENT

 

This Purchase and
Contribution Agreement (this “Agreement”) is entered into as of October 18, 2018, by and among (i) Sentinel
Energy Services Inc., a Cayman Islands exempted company (“Buyer”), (ii) Invacor Pipeline and Process
Solutions, LLC, a Delaware limited liability company (“Invacor”), (iii) CSL Energy Holding III Corp,
LLC, a Delaware limited liability company (“CSL Energy Holdings,” and together with Invacor, each a
“Seller” and together, the “Sellers”), and (iv) Strike, LLC, a Texas limited
liability company (“Contributee”). The parties to this Agreement are each referred to individually as
a “Party” and are collectively referred to as the “Parties.”

 

RECITALS

 

WHEREAS, Invacor owns
all of the issued and outstanding membership interests in Pipelogic Services, L.L.C., a Texas limited liability company (“Pipelogic”);

 

WHEREAS, on the date
hereof and in connection with the transactions contemplated hereby, Buyer, Contributee and certain other parties are entering
into that certain Transaction Agreement and Plan of Merger (the “Transaction Agreement”);

 

WHEREAS, in connection
with the transactions contemplated by the Transaction Agreement and subject to the terms and conditions contained herein, Sellers
desire to cause the transfer and sale to Buyer of, and Buyer desires to accept the transfer of and purchase, at the Closing, all
of the issued and outstanding membership interests in Pipelogic;

 

WHEREAS, subject to
the terms and conditions contained herein, Buyer desires to contribute to Contributee, and Contributee desires to acquire from
Buyer, immediately following its acquisition of the membership interests in Pipelogic and concurrently with the Closing (as defined
in the Transaction Agreement), all of the issued and outstanding membership interests in Pipelogic; and

 

WHEREAS, pursuant
to the terms of the Company A&R Regulations (as defined in the Transaction Agreement), in connection with the issuance of
shares of Class A Common Stock to Sellers, Buyer will receive a commensurate number of units in Contributee.

 

NOW, THEREFORE, in
consideration of the premises, agreements and covenants contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged and in reliance upon the mutual representations and warranties contained herein,
the Parties agree as follows:

 

AGREEMENTS

 

Article
I

DEFINITIONS

 

1.1 Certain
Definitions. Capitalized terms used in this Agreement but not defined in the body of this Agreement have the meanings
ascribed to them in Exhibit A. Capitalized terms defined in the body of this Agreement are listed in Exhibit A
by location of the definition of such terms in the body of this Agreement.

 

     

     

    

 

1.2 Construction.
In this Agreement, unless a clear contrary intention appears: (a) the singular includes the plural and vice versa; (b) reference
to a Person includes such Person’s successors and assigns but, in the case of a Party, only if such successors and assigns
are permitted by this Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity;
(c) reference to any gender includes the other gender; (d) references to any Exhibit, Schedule, Section, Article, Annex,
subsection and other subdivision refer to the corresponding Exhibits, Schedules, Sections, Articles, Annexes, subsections and
other subdivisions of this Agreement unless expressly provided otherwise; (e) references in any Section or Article or definition
to any clause means such clause of such Section, Article or definition; (f) “hereunder,” “hereof,”
“hereto” and words of similar import are references to this Agreement as a whole and not to any particular provision
of this Agreement; (g) the word “or” is not exclusive, and the word “including” (in its various forms)
means “including without limitation;” (h) each accounting term not otherwise defined in this Agreement has the
meaning commonly applied to it in accordance with GAAP; (i) references to “days” are to calendar days; and (j) all
references to dollars refer to the lawful currency of the United States. The Table of Contents and the Article and Section titles
and headings in this Agreement are inserted for convenience of reference only and are not intended to be a part of, or to affect
the meaning or interpretation of, this Agreement.

 

Article
II

CONTRIBUTION AND ACQUISITION; CLOSING

 

2.1 Transfer
of Pipelogic Membership Interests to Buyer. Sellers shall cause, effective at the Closing, through one or more related
transactions, the Pipelogic Interests to be transferred to, and title in the Pipelogic Membership Interests to be vested in, Buyer
(after giving effect to Buyer’s domestication as a Delaware corporation in accordance with Section 388 of the Delaware General
Corporation Law and Article 206 of the Cayman Islands Companies Law (2016 Revision)).

 

2.2 Contribution
of Pipelogic Membership Interests to Contributee. Upon the terms and subject to the conditions of this Agreement, immediately
following the transfer contemplated in Section 2.1, through one or more related transactions, Buyer shall contribute to
Contributee and/or its designees, and Contributee and/or its designees shall acquire from Buyer, all of Buyer’s right, title
and interest in and to the Pipelogic Membership Interests, free and clear of all Liens (other than Liens consisting of restrictions
on transfer generally arising under applicable securities law).

 

2.3 Consideration.
The total consideration (the “Purchase Price”) to be paid by Buyer and issued to Sellers for the Pipelogic
Membership Interests shall be 1,800,000 shares of Class A Stock of Buyer (the “Buyer Shares”), as adjusted
pursuant to Section 2.6 and subject to cancellation and/or forfeiture pursuant to this Agreement. The Buyer Shares shall
be allocated between Sellers as designated by Sellers in writing to Buyer prior to the Closing. As consideration for the contribution
of the Pipelogic Membership Interests by Buyer to Contributee, Contributee shall issue to Buyer Class A Units of Strike Capital,
LLC, a Texas limited liability company (“Strike Capital”), as set forth in the Company A&R Regulations
(the “Strike Interests”).

 

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2.4 [Intentionally
Omitted.].

 

2.5 Closing
Conditions.

 

(a) All obligations
of the Parties at the Closing are subject to the satisfaction prior to or at the Closing Date of each of the following conditions,
each of which may be waived only in writing signed by each of the Parties:

 

(i) None of the Parties
will be subject to any order of a court of competent jurisdiction or Legal Requirement that prohibits the consummation of the
transactions contemplated by this Agreement. If any such order has been issued, each Party shall use commercially reasonable efforts
to have any such Order overturned or lifted; and

 

(ii) The transactions
contemplated by the Transaction Agreement shall have been consummated.

 

(b) All obligations
of Buyer at the Closing are subject to the satisfaction prior to or at the Closing Date of each of the following conditions, each
of which may be waived only in a writing signed by Buyer:

 

(i) Sellers and Contributee
shall have delivered to Buyer (A) the Transaction Documents and (B) all other agreements, documents, instruments or
other certificates required to be delivered by Sellers at or prior to the Closing pursuant to Section 7.2;

 

(ii) Each of the representations
and warranties contained in Article III of this Agreement (without giving effect to any limitation as to “materiality”
or “Material Adverse Effect”) shall be true and correct in all respects at and as of the date of this Agreement and
at and as of the Closing Date (except to the extent that any representation or warranty speaks as of an earlier date, in which
case such representation or warranty shall be true only as of such earlier date), except for such inaccuracies that, individually
or in the aggregate, would not result in a Material Adverse Effect; provided, that notwithstanding the foregoing, (i) each
of the representations and warranties set forth in Sections 3.1 (Organization), 3.2 (Qualification; Power), 3.3
(Authority; Enforceability) and 3.16 (Brokers’ Fees; Expenses) (without giving effect to any limitation as to
“materiality” or “Material Adverse Effect” qualifiers) shall be true and correct in all material respects
at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that any representation or warranty
speaks as of an earlier date, in which case such representation or warranty shall be true and correct in all material respects
only as of such earlier date) and (ii) each of the representations and warranties set forth in Sections 3.5 (Subsidiaries)
and 3.6 (Ownership; Capitalization) shall be true and correct in all respects, except for inaccuracies that are de minimis
in amount and effect, at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that any
representation or warranty speaks as of an earlier date, in which case such representation or warranty shall be true and correct
in all material respects only as of such earlier date);

 

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(iii) Each of the
representations and warranties contained in Article V of this Agreement (without giving effect to any limitation as to
“materiality” qualifiers) shall be true and correct in all respects at and as of the date of this Agreement and at
and as of the Closing Date (except to the extent that any representation or warranty speaks as of an earlier date, in which case
such representation or warranty shall be true only as of such earlier date), except for such inaccuracies that, individually or
in the aggregate, would not materially and adversely affect the ability of Contributee to consummate the transactions contemplated
by this Agreement; provided, that each of the representations and warranties of the Contributee set forth in Sections
5.1 (Organization), 5.2 (Qualification; Power), 5.3 (Authority; Enforceability), 5.5 (Capitalization)
and 5.6 (Brokers’ Fees) (without giving effect to any limitation as to “materiality”) shall be true and
correct in all material respects at and as of the date of this Agreement and at and as of the Closing Date (except to the extent
that any representation or warranty speaks as of an earlier date, in which case such representation or warranty shall be true
and correct in all material respects only as of such earlier date);

 

(iv) Each of Contributee,
each Seller and Pipelogic shall have performed and complied in all material respects with its covenants, agreements and conditions
required by this Agreement to be performed or complied with by it prior to or on the Closing Date;

 

(v) All required consents
set forth in Schedule 2.5(b)(v) shall have been obtained and delivered to Buyer;

 

(vi) No Material Adverse
Effect shall have occurred with respect to the Pipelogic Business; and

 

(vii) Buyer shall
have received a waiver letter from the Securities and Exchange Commission under Section 13-3 of Regulation S-X permitting consummation
of the transactions contemplated by this Agreement notwithstanding the absence of certain audited financial statements of the
Pipelogic Business otherwise required to be disclosed.

 

(c) All obligations
of Sellers at the Closing are subject to the satisfaction prior to or at the Closing of each of the following conditions, each
of which may be waived only in a writing signed by Sellers:

 

(i) Buyer and Contributee
shall have delivered to Sellers (A) the Transaction Documents and (B) all other agreements, documents, instruments or certificates
required to be delivered by Buyer at or prior to the Closing pursuant to Section 7.3;

 

(ii) Each of the representations
and warranties contained in Article IV of this Agreement (without giving effect to any limitation as to “materiality”
qualifiers) shall be true and correct in all respects at and as of the date of this Agreement and at and as of the Closing Date
(except to the extent that any representation or warranty speaks as of an earlier date, in which case such representation or warranty
shall be true only as of such earlier date), except for such inaccuracies that, individually or in the aggregate, would not materially
and adversely affect the ability of Buyer to consummate the transactions contemplated by this Agreement; provided, that
each of the representations and warranties of the Buyer set forth in Sections 4.1 (Organization), 4.2 (Qualification;
Power), 4.3 (Capitalization), 4.4 (Authority; Enforceability) and 4.7 (Brokers’ Fees) (without giving
effect to any limitation as to “materiality”) shall be true and correct in all material respects at and as of the
date of this Agreement and at and as of the Closing Date (except to the extent that any representation or warranty speaks as of
an earlier date, in which case such representation or warranty shall be true and correct in all material respects only as of such
earlier date);

 

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(iii) Each of the
representations and warranties contained in Article V of this Agreement (without giving effect to any limitation as to
“materiality” qualifiers) shall be true and correct in all respects at and as of the date of this Agreement and at
and as of the Closing Date (except to the extent that any representation or warranty speaks as of an earlier date, in which case
such representation or warranty shall be true only as of such earlier date), except for such inaccuracies that, individually or
in the aggregate, would not materially and adversely affect the ability of Contributee to consummate the transactions contemplated
by this Agreement; provided, that each of the representations and warranties of the Contributee set forth in Sections
5.1 (Organization), 5.2 (Qualification; Power), 5.3 (Authority; Enforceability) and 5.5 (Brokers’
Fees) (without giving effect to any limitation as to “materiality”) shall be true and correct in all material respects
at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that any representation or warranty
speaks as of an earlier date, in which case such representation or warranty shall be true and correct in all material respects
only as of such earlier date);

 

(iv) Buyer and Contributee
shall have performed and complied in all material respects with its covenants, agreements and conditions required by this Agreement
to be performed or complied with by it prior to or on the Closing Date; and

 

(v) All required consents
set forth in Schedule 2.5(c)(v) shall have been obtained and delivered to Sellers.

 

(d) All obligations
of Contributee at the Closing are subject to the satisfaction prior to or at the Closing Date of each of the following conditions,
each of which may be waived only in a writing signed by Contributee:

 

(i) Sellers and Buyer
shall have delivered to Contributee (A) the Transaction Documents and (B) all other agreements, documents, instruments
or other certificates required to be delivered by Sellers at or prior to the Closing pursuant to Section 7.2;

 

(ii) Each of the representations
and warranties contained in Article III of this Agreement (without giving effect to any limitation as to “materiality”
or “Material Adverse Effect”) shall be true and correct in all respects at and as of the date of this Agreement and
at and as of the Closing Date (except to the extent that any representation or warranty speaks as of an earlier date, in which
case such representation or warranty shall be true only as of such earlier date), except for such inaccuracies that, individually
or in the aggregate, would not result in a Material Adverse Effect; provided, that notwithstanding the foregoing, (i) each
of the representations and warranties set forth in Sections 3.1 (Organization), 3.2 (Qualification; Power), 3.3
(Authority; Enforceability) and 3.16 (Brokers’ Fees; Expenses) (without giving effect to any limitation as to
“materiality” or “Material Adverse Effect” qualifiers) shall be true and correct in all material respects
at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that any representation or warranty
speaks as of an earlier date, in which case such representation or warranty shall be true and correct in all material respects
only as of such earlier date) and (ii) each of the representations and warranties set forth in Sections 3.5 (Subsidiaries)
and 3.6 (Ownership; Capitalization) shall be true and correct in all respects, except for inaccuracies that are de minimis
in amount and effect, at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that any
representation or warranty speaks as of an earlier date, in which case such representation or warranty shall be true and correct
in all material respects only as of such earlier date);

 

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(iii) Each of the
representations and warranties contained in Article IV of this Agreement (without giving effect to any limitation as to
“materiality” qualifiers) shall be true and correct in all respects at and as of the date of this Agreement and at
and as of the Closing Date (except to the extent that any representation or warranty speaks as of an earlier date, in which case
such representation or warranty shall be true only as of such earlier date), except for such inaccuracies that, individually or
in the aggregate, would not materially and adversely affect the ability of Buyer to consummate the transactions contemplated by
this Agreement; provided, that each of the representations and warranties of the Buyer set forth in Sections 4.1
(Organization), 4.2 (Qualification; Power), 4.3 (Capitalization), 4.4 (Authority; Enforceability) and 4.7
(Brokers’ Fees) (without giving effect to any limitation as to “materiality”) shall be true and correct
in all material respects at and as of the date of this Agreement and at and as of the Closing Date (except to the extent that
any representation or warranty speaks as of an earlier date, in which case such representation or warranty shall be true and correct
in all material respects only as of such earlier date);

 

(iv) Each of Buyer,
Sellers and Pipelogic shall have performed and complied in all material respects with its covenants, agreements and conditions
required by this Agreement to be performed or complied with by it prior to or on the Closing Date;

 

(v) All required consents
set forth in Schedule 2.5(d)(v) shall have been obtained and delivered to Contributee;

 

(vi) No Material Adverse
Effect shall have occurred with respect to the Pipelogic Business;

 

(vii) Buyer shall
have received a waiver letter from the Securities and Exchange Commission under Section 13-3 of Regulation S-X permitting consummation
of the transactions contemplated by this Agreement notwithstanding the absence of certain audited financial statements of the
Pipelogic Business otherwise required to be disclosed; and

 

(viii) Invacor shall
have delivered an assignment agreement assigning Invacor’s rights and obligations under that certain Membership Interest
Purchase Agreement, dated November 9, 2017, by and among Jimmy Wayne Epley, Jeffrey Epley, Carolyn Epley and Invacor, to Contributee,
in form and substance reasonably acceptable to Contributee.

 

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2.6 Post-Closing
Purchase Price Adjustment.

 

(a) Adjustment Statement.
As soon as practicable but in no event later than 30 calendar days after the Closing Date, Buyer shall deliver to Sellers a statement
(the “Adjustment Statement”) setting forth Buyer’s good faith calculation of the Net Working Capital
as of immediately prior to the Closing without giving effect to any of the transactions contemplated hereby and determined in
accordance with GAAP and the accounts listed on Exhibit B (the “Final Net Working Capital”),
together with related supporting schedules, calculations and documentation.

 

(b) Review and Dispute.
Within 30 calendar days following receipt by Sellers of the Adjustment Statement, Sellers shall either inform Buyer in writing
that the Adjustment Statement is acceptable, or deliver written notice (the “Notice of Disagreement”)
to Buyer of any dispute Sellers have with respect to the preparation or content of the Adjustment Statement or the amounts reflected
therein. The Notice of Disagreement must describe in reasonable detail the items contained in the Adjustment Statement that Sellers
dispute. If Sellers do not notify Buyer of a dispute with respect to the Adjustment Statement within such 30-day period, such
Adjustment Statement and the amounts reflected in the Adjustment Statement will be final, conclusive and binding on the Parties.
In the event a Notice of Disagreement is delivered to Buyer, Buyer and Sellers shall negotiate in good faith to resolve such dispute,
and any determination resulting from such good faith negotiation shall be final, conclusive and binding on the Parties.

 

(c) Accounting Arbitrator.
If Buyer and Sellers, notwithstanding such good faith effort, fail to resolve such dispute within 14 calendar days after Sellers
deliver the Notice of Disagreement, then Buyer and Sellers jointly shall engage the Accounting Arbitrator to resolve such dispute
in accordance with the standards set forth in this Section. Sellers and Buyer shall use reasonable efforts to cause the Accounting
Arbitrator to render a written decision resolving the matters submitted to the Accounting Arbitrator within 30 calendar days of
the making of such submission. The scope of the disputes to be resolved by the Accounting Arbitrator shall be limited to whether
the items in dispute that were properly included in the Notice of Disagreement were prepared in accordance with GAAP and the accounts
listed on Exhibit B, and the Accounting Arbitrator shall determine, on such basis, whether and to what extent, the Adjustment
Statement and the amounts reflected therein, as applicable, require adjustment. The Accounting Arbitrator shall not make any other
determination, including any determination as to whether the Target Net Working Capital Range is correct. The Accounting Arbitrator’s
decision shall be based solely on written submissions by Sellers and Buyer and their respective representatives and not by independent
review, and each of Sellers and Buyer shall have the opportunity to respond in writing to the other’s written submission.
The Accounting Arbitrator shall address only those items in dispute and may not assign a value greater than the greatest value
for such item claimed by any Party or smaller than the smallest value for such item claimed by any Party. The fees, costs and
expenses of the Accounting Arbitrator shall be allocated between Sellers, on the one hand, and Buyer, on the other hand, in the
same proportion that the aggregate amount of the disputed items submitted to the Accounting Arbitrator that is unsuccessfully
disputed by each such Party (as finally determined by the Accounting Arbitrator) bears to the total amount of such disputed items
so submitted. All determinations made by the Accounting Arbitrator will be final, conclusive and binding on the Parties.

 

(d) Access. For
purposes of giving effect to the terms set forth in this Section, notwithstanding anything to the contrary, Buyer shall cooperate
with and make available to Sellers and their representatives all information, records, data, working papers (including those working
papers of its accountants, subject to execution of access letters of its accountants), supporting schedules, calculations and
other documentation that provides reasonable detail relating to Buyer’s calculation of the amounts set forth in the Adjustment
Statement, and shall permit reasonable access to Buyer’s and Pipelogic’s facilities, personnel and accountants, as
may be reasonably required in connection with the review or analysis of the Adjustment Statement or the amounts reflected therein
and the resolution of any disputes in connection therewith.

 

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(e) Downward Adjustment.
If the low end of the Target Net Working Capital Range exceeds the Final Net Working Capital, then the Purchase Price will be
adjusted downward by the amount by which the low end of the Target Net Working Capital Range exceeds the Final Net Working Capital
(the “Downward Adjustment Amount”), and Buyer shall redeem from Sellers (pro rata as between the Sellers
based on their relative number of Buyer Shares), for no consideration and without the necessity for any action on the part of
any Seller, a number of Buyer Shares equal to the quotient of (i) the Downward Adjustment Amount and (ii) the Buyer Shares Issuance
Price. Buyer shall cause such redemption to occur within five Business Days from the date on which the Downward Adjustment Amount
is finally determined pursuant to this Section. Sellers hereby grant Buyer a limited power of attorney to execute and deliver
appropriate documentation on Sellers’ behalf for such purpose.

 

(f) Upward Adjustment.
If the Final Net Working Capital exceeds the high end of the Target Net Working Capital Range, then the Purchase Price will be
adjusted upward by the amount by which the Final Net Working Capital exceeds the high end of the Target Net Working Capital Range
(the “Upward Adjustment Amount”), and Buyer shall issue to Sellers (pro rata as between Sellers based
on their relative number of Buyer Shares) an amount of Buyer Shares equal to the quotient of (i) the Upward Adjustment Amount
and (ii) the Buyer Shares Issuance Price. Buyer shall cause such issuance to occur within five Business Days from the date on
which the Upward Adjustment Amount is finally determined pursuant to this Section.

 

(g) No Adjustment.
If the Final Net Working Capital is within the Target Net Working Capital Range, there shall be no adjustment to the Purchase
Price pursuant to this Section.

 

Article
III

REPRESENTATIONS AND WARRANTIES OF SELLERS

 

Sellers hereby jointly
and severally represent and warrant to Buyer and Contributee as of the date of this Agreement and again as of the Closing Date
as follows:

 

3.1 Organization.
Pipelogic is a limited liability company that is duly organized, validly existing and in good standing under the laws of its jurisdiction
of formation. Invacor has delivered to Buyer true and complete copies of the Pipelogic Organizational Documents, each as amended
to date and presently in effect.

 

3.2 Qualification;
Power. Pipelogic is duly qualified to do business as a foreign entity and is in good standing in each jurisdiction in
which the nature of the business as now conducted or the character of the property owned or leased by it makes such qualification
necessary. Schedule 3.2 sets forth each jurisdiction in which Pipelogic is qualified or licensed to do business. Pipelogic
has all requisite power and authority to own its properties and assets and to carry on its business as currently conducted.

 

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3.3 Authority;
Enforceability. Each Seller has all requisite power and authority to execute and deliver this Agreement and the other
Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder. The execution and delivery
of this Agreement and the other Transaction Documents to which such Seller is a party and the performance of the transactions
contemplated hereby and thereby have been duly and validly approved by such action, corporate or otherwise, necessary on behalf
of such Seller. This Agreement and each of the Transaction Documents to which such Seller is a party constitute the legal, valid
and binding obligations of such Seller, enforceable against such Seller in accordance with their terms, subject to applicable
bankruptcy, insolvency or other similar laws relating to or affecting the enforcement of creditors’ rights generally and
to general principles of equity (such laws and principles being referred to herein as “Creditors’ Rights”).
All other documents required hereunder to be executed and delivered by such Seller at the Closing have been (or will be prior
to the Closing) duly authorized, executed and delivered by such Seller and constitute the legal, valid and binding obligations
of such Seller, enforceable against such Seller in accordance with their terms, subject to the Creditors’ Rights.

 

3.4 Consents;
Absence of Conflicts.

 

(a) Neither the execution
and delivery of this Agreement or any other Transaction Document by Sellers, nor the consummation of the transactions contemplated
hereby or thereby or compliance by Sellers with any of the provisions hereof or thereof, will (i) violate or breach the terms
of, cause a default under, conflict with, result in the loss by any Seller of any rights or benefits under, impose on any Seller
any additional or greater burdens or obligations under, create in any other Person additional or greater rights or benefits under,
create in any other Person the right to accelerate, terminate, modify or cancel, require any notice or consent or give rise to
any preferential purchase right, right of first refusal, right of first offer or similar right under (A) any applicable Legal
Requirement or (B) any Contract used in connection with the Pipelogic Business to which any Seller is a party or by which
any Seller or any of its properties are bound, including the Material Contracts or (ii) with the passage of time or the giving
of notice or the taking of any action of any third party have any of the effects set forth in clause (i) of this Section 3.4(a).
Sellers are not required to obtain any consent from any Person or provide any notice to any Person in connection with the consummation
of the transactions contemplated by this Agreement or the other Transaction Documents.

 

(b) Except as set forth
in Schedule 3.4(b), neither the execution and delivery of this Agreement or the other Transaction Documents by Pipelogic,
nor the consummation of the transactions contemplated hereby and thereby will (i) violate or breach the terms of, cause a
default under, conflict with, result in the loss by Pipelogic of any rights or benefits under, impose on Pipelogic any additional
or greater burdens or obligations under, create in any party additional or greater rights or benefits under, create in any party
the right to accelerate, terminate, modify or cancel, require any notice or consent or give rise to any preferential purchase
or similar right under (A) any applicable Legal Requirement, (B) the Pipelogic Organizational Documents, or (C) any
Contract to which Pipelogic is a party or by which it, or any of its properties, is bound, including the Material Contracts; (ii) result
in the creation or imposition of any Lien (other than a Permitted Lien) on any of the Pipelogic Assets or the Pipelogic Membership
Interests; (iii) result in the cancellation, forfeiture, revocation, suspension or modification of any Pipelogic Asset or
any existing consent, approval, authorization, license, permit, certificate or order of any Governmental Authority; or (iv) with
the passage of time or the giving of notice or the taking of any action of any third party have any of the effects set forth in
clauses (i), (ii) or (iii) of this Section 3.4(b). Except as set forth in Schedule 2.5(b)(v),
Pipelogic is not required to obtain or provide any consent or notice in connection with the consummation of the transactions contemplated
by this Agreement or the other Transaction Documents. All such consents or notices have been obtained or given (or will be obtained
or given prior to the Closing) and have been (or will be prior to the Closing) furnished in writing to Buyer.

 

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3.5 Subsidiaries.
There are no, and there have not been any, subsidiaries, Persons or joint ventures in which Pipelogic owns, or has owned, of record
or beneficially, any direct or indirect Interest, and there are no outstanding obligations of Pipelogic to provide funds or make
any investment (in either case, in the form of a loan, capital contribution, purchase of any Interests (whether from the issuer
or another Person) or otherwise) in, any other Person.

 

3.6Ownership;
Capitalization (a).

 

(a) Invacor owns all
of the issued and outstanding membership interests in Pipelogic (the “Pipelogic Membership Interests”)
as of the date of this Agreement. Invacor owns such Pipelogic Membership Interests free and clear of all Liens, other than restrictions
on transfer that may be imposed by state or federal securities laws. Upon execution of the Sentinel Assignment Agreement and the
documents evidencing the internal reorganization contemplated by Sellers and Buyer in connection with the transactions contemplated
hereby and by the Transaction Agreement (the “Reorganization”), together with any other documents reasonably
requested by Buyer, Buyer will possess valid title to the Pipelogic Membership Interests, free and clear of any Lien.

 

(b) The Pipelogic Membership
Interests (i) have been duly authorized, are validly issued and are fully paid and non-assessable, (ii) and were not
issued in violation of the Pipelogic Organizational Documents, or any other agreement, arrangement or commitment to which Sellers
or Pipelogic is a party, and (iii) were not issued in violation of, and are not subject to, any preemptive rights, rights
of first refusal, rights of first offer, purchase options, call options or other similar rights of any Person, except as set forth
in the Pipelogic Organizational Documents. There are no Interests issued or outstanding in Pipelogic other than the Pipelogic
Membership Interests.

 

(c) There are no Contracts
(including options, warrants, convertible securities, calls and preemptive rights) obligating Pipelogic (i) to issue, sell,
pledge, dispose of or encumber any Interests in Pipelogic, (ii) to redeem, purchase or acquire in any manner any Interests
in Pipelogic, or (iii) to make any dividend or distribution of any kind with respect to any Interests in Pipelogic.

 

(d) There are no outstanding
or authorized equity appreciation, phantom equity, profit participation, or similar rights affecting the Interests in Pipelogic.
Other than as set forth in the Pipelogic Organizational Documents, there are no voting trusts, proxies, or other member or similar
agreements or understandings with respect to the voting of the Interests in Pipelogic.

 

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3.7 Accredited
Investor Status and Tax Treatment. Each Seller (a) is (or after giving effect to the transactions contemplated by
this Agreement will be) an “accredited investor” as such term is defined in Rule 501 (without regard to Rule 501(a)(4))
promulgated under the Securities Act of 1933, as amended (the “Securities Act”); (b) is acquiring
the Buyer Shares for investment and for its own account and not with a view to, or for resale in connection with, any distribution;
(c) understands that the Buyer Shares have not been registered under the Securities Act or under any state securities or
blue sky laws, and, as a result, are subject to substantial restrictions on transfer; (d) acknowledges that appropriate legends
will be placed on the certificates representing the Buyer Shares indicating the restrictions on transfer of such Buyer Shares;
(e) acknowledges that such Buyer Shares must be held indefinitely unless subsequently registered under the Securities Act and
any applicable state securities or blue sky laws, or sold or otherwise transferred pursuant to exemptions from registration under
the Securities Act or such laws, and that Buyer has no obligation to register the Buyer Shares; and (f) believes it is familiar
with all material information relating to such Seller to the extent relevant to its decision to acquire the Buyer Shares. Each
Seller has reviewed with its Tax advisor the U.S. federal, state, local, foreign and other Tax consequences of the transactions
contemplated by this Agreement. Each Seller acknowledges and agrees that neither Buyer nor its Affiliates nor any other Person
is making any representation or warranty as to the U.S. federal, state, local, foreign or other Tax consequences to them as a
result of the transactions contemplated by this Agreement (including the receipt and ownership of the Buyer Shares). Each Seller
understands that it will be responsible for its own Tax liability that may arise as a result of the transactions contemplated
by this Agreement.

 

3.8 Absence
of Changes. Except as set forth in Schedule 3.8, since December 31, 2017:

 

(a) there has not been
any event, occurrence or development that has had, or would reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect;

 

(b) the Pipelogic Business
has been operated and maintained in the Ordinary Course of Business of Pipelogic;

 

(c) there has not been
any damage, destruction or loss to any portion of the Pipelogic Assets, whether covered by insurance or not, having a replacement
cost of more than $25,000 for any single loss or $50,000 for all such losses;

 

(d) there has been no
merger or consolidation of Pipelogic with any other Person or any acquisition or disposition by Pipelogic of the Interests or
business of any other Person or any agreement with respect thereto;

 

(e) there has been no
(i) issuance of any Interests in Pipelogic, (ii) any repurchase or redemption of any Interests in Pipelogic, or (iii) split,
combination or reclassification of any Interests in Pipelogic;

 

(f) there has been no
declaration, setting aside or payment of any dividend on, or any other distribution with respect to, the Interests in Pipelogic;

 

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(g) there has been no
borrowing of funds, agreement to borrow funds, guaranty or agreement to maintain the financial position of any Person or other
incurrence of Debt by Pipelogic;

 

(h) Pipelogic has not
entered into or amended any employment, consulting, change in control, retention, severance or indemnification agreement or an
agreement with respect to a bonus (nor amended any such agreement) with any of its employees or any other Person (either individually
or as a part of a class of similarly situated Persons), nor has Pipelogic incurred or entered into, or become bound by, any collective
bargaining agreement or other obligation to, or Contract with any, labor union, labor organization or other representative of
employees;

 

(i) there has been no
actual, pending or, to the Knowledge of Sellers, threatened adverse change in the relationship of Pipelogic with any material
customer, supplier, distributor or sales representative of the Pipelogic Business;

 

(j) there has been no
increase in the compensation or benefits payable or to become payable to any officer, manager, member, director, employee or contractor
of Pipelogic other than in the Ordinary Course of Business of Pipelogic;

 

(k) there has been no
payment by Pipelogic to any director, officer, member, partner, equityholder, employee, contractor or holder of any Interest in
Pipelogic, or any Affiliate of the foregoing (whether as a loan or otherwise) except regular compensation, bonus, and usual benefits
payments, each in the Ordinary Course of Business of Pipelogic;

 

(l) Pipelogic has not
entered into any Contract with or relating to any director, officer, member, manager, equityholder, partner, employee of or holder
of any Interest in Pipelogic or any Affiliate of the foregoing other than on an arm’s-length basis;

 

(m) Pipelogic has not
changed any of its accounting or Tax reporting principles, methods or policies;

 

(n) Pipelogic has not
made, changed or rescinded any election relating to Taxes, amended any Tax Return, entered into any agreement relating to Taxes,
including any closing agreement or agreement to extend the statute of limitations with respect to Taxes, or settled or compromised
any Claim or liability relating to Taxes;

 

(o) Pipelogic has not
failed to promptly pay and discharge current liabilities when due and consistent with past practices except where disputed in
good faith by appropriate proceedings;

 

(p) Pipelogic has not
mortgaged, pledged or subjected any Pipelogic Asset to any Lien except Permitted Liens, or acquired any assets except for assets
acquired in the Ordinary Course of Business of Pipelogic;

 

(q) Pipelogic has not
discharged or satisfied any Lien, or paid any obligation or liability (fixed or contingent), except in the Ordinary Course of
Business of Pipelogic and that, in the aggregate, would not be material to Pipelogic;

 

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(r) Pipelogic has not
canceled or compromised any Debt or Claim or amended, canceled, terminated, relinquished, waived or released any Contract or right
except in the Ordinary Course of Business of Pipelogic and that, in the aggregate, would not be material to Pipelogic;

 

(s) Pipelogic has not
made or committed to make any capital expenditures or capital additions or betterments in excess of $50,000 individually or $100,000
in the aggregate;

 

(t) Pipelogic has not
granted any license or sublicense of any rights under or with respect to any Pipelogic Intellectual Property except non-exclusive
licenses granted in the Ordinary Course of Business involving less than $25,000 in consideration and has not transferred, sold,
assigned, permitted to lapse, abandoned, or otherwise disposed of any Pipelogic Intellectual Property;

 

(u) Pipelogic has not
instituted or settled any material Claims;

 

(v) Pipelogic has not
sold, transferred or assigned any tangible Pipelogic Asset, other than any such sales in the Ordinary Course of Business of Pipelogic
for fair market value and for a purchase price of less than $50,000 in the aggregate; and

 

(w) there is no Contract
to do any of the foregoing, except as expressly permitted by this Agreement.

 

3.9 Affiliate
Transactions. Schedule 3.9 describes all services and assets owned, licensed to or otherwise held by Sellers
or any Affiliate of Sellers (other than Pipelogic) which may be required to operate the Pipelogic Business from and after the
Closing Date consistent with past practices in the preceding year. Except as set forth in Schedule 3.9, (a) Pipelogic
is not obligated to pay currently or in the future any amounts to Sellers or any Affiliate of Sellers (other than Pipelogic),
and neither Sellers nor any of Affiliate of Sellers (other than Pipelogic) is obligated to pay currently or in the future any
amounts to Pipelogic and (b) since December 31, 2017, Pipelogic has not purchased, transferred or leased any real or personal
property from or for the benefit of, paid any fee, commission, salary or bonus to or for the benefit of, Sellers or any Affiliate
of Sellers (other than Pipelogic) or any director, officer, manager, equityholder, member or partner thereof and Pipelogic has
not sold, transferred or leased any real or personal property to Sellers or any Affiliate of Sellers (other than Pipelogic).

 

3.10 Real Property.

 

(a) Pipelogic does not
own any real property (beneficially or of record).

 

(b) Schedule 3.10(b)
lists all leases of real property (and the lands covered thereby) pursuant to which Pipelogic leases real property for use
in connection with the Pipelogic Business (the “Scheduled Leases”), together with a general description
of any improvements located thereon, in each case specifying the name of the lessor and lessee and term of each lease. A true
and complete copy of each of the Scheduled Leases, as amended to date, has been furnished to Buyer. Pipelogic owns the leasehold
interest created pursuant to each of the Scheduled Leases free and clear of all Liens. Each Scheduled Lease is in full force and
effect and constitutes a binding obligation of each landlord, lessor or sublessor thereunder, enforceable against such landlord,
lessor or sublessor in accordance with its terms. No event has occurred that constitutes, or that with the giving of notice or
the passage of time or both would constitute, a default under any Scheduled Lease. All consents required under the Scheduled Leases
in connection with the transactions contemplated by this Agreement have been obtained and furnished in writing to Buyer. The Scheduled
Leases constitute all of the real property interests necessary for the continued ownership, use and operation of the Pipelogic
Business consistent with the practices of Pipelogic as of the date of this Agreement.

 

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(c) Except as set forth
in Schedule 3.10(c), the real property leased pursuant to the Scheduled Leases constitutes all of the real property (“Real
Property”) which has been used in connection with the ownership and operations of Pipelogic since December 31,
2011. Other than Pipelogic or as set forth in Schedule 3.10(c), there are no parties in possession of any portion of any
Real Property as lessees, subtenants, tenants at sufferance or trespassers. Pipelogic has full right and authority to occupy,
use and operate all of the improvements located on the Real Property, subject to applicable Legal Requirements and the Permitted
Liens. Such improvements are being used, occupied, and maintained in all material respects by Pipelogic in accordance with all
applicable easements, Contracts, permits, licenses, insurance requirements, restrictions, building setback lines, covenants and
reservations, except where the failure to use, occupy or maintain such improvements in accordance with the foregoing would not
have a Material Adverse Effect. Certificates of occupancy and all other material licenses, permits, authorizations, and approvals
required by any Governmental Authority having jurisdiction over the Real Property have been issued for Pipelogic’s occupancy
of each of such improvements and all such certificates, licenses, permits, authorizations and approvals have been paid for and
are in full force and effect. There is no pending or threatened condemnation, eminent domain or similar proceeding affecting any
of the Real Property, nor has Pipelogic received notification that any such proceeding is contemplated. To the Knowledge of Sellers,
there are no public improvements proposed or in progress that will result in special assessments against any of the Real Property.
The improvements located on the Real Property (the “Facilities”) have been used by Pipelogic in the
Ordinary Course of Business and remain as of the date of this Agreement in suitable and adequate condition for such continued
use. Pipelogic has not deferred maintenance of the Facilities in contemplation of the transactions contemplated by this Agreement.
All of the Real Property has direct access to public roads without the use of any easement, license or right of way.

 

(d) Sellers or Pipelogic
has furnished Buyer with true and complete copies of all deeds, leases, title opinions, title encumbrances, title insurance policies
and surveys in their possession or in the possession of their respective Affiliates that relate to the Real Property, including
(i) the most current survey of the Real Property and the Facilities in the possession or control of Sellers, Pipelogic or their
respective Affiliates, and (ii) all reports of any engineers, environmental consultants or other consultants in their possession
relating to any of the Real Property or the Facilities.

 

(e) All utilities (including
water, sewer or septic, gas, electricity, trash removal and telephone service) are available to the Real Property in sufficient
quantities and quality to adequately serve the Real Property in connection with the operation of the Pipelogic Business conducted
therefrom as such operations are currently conducted thereon.

 

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3.11 Personal
Property.

 

(a) Schedule 3.11(a)
lists each item of equipment, tools, machinery, parts, materials, supplies, furniture, cars, trucks, trailers, cranes, and
other rolling stock and each other item of tangible personal property used or held for use by Pipelogic in connection with the
Pipelogic Business that is subject to a lease (the “Leased Equipment”).

 

(b) Unless listed in
Schedule 3.11(a), Schedule 3.11(b) lists each item of equipment, tools, machinery, parts, materials, supplies,
furniture, cars, trucks, trailers, cranes and other rolling stock and each other item of tangible personal property used or held
for use by Pipelogic or any of its Affiliates in connection with the Pipelogic Business having an estimated fair market value
or book value of $10,000 or more (the “Scheduled Personal Property”).

 

(c) Except as set forth
in Schedule 3.11(c), the Leased Equipment and the Scheduled Personal Property and all other tangible personal property
owned by Pipelogic or any of its Affiliates in connection with the Pipelogic Business (together, the “Personal Property”)
constitute all of the tangible personal property necessary for the continued ownership, use and operation of the Pipelogic Business
consistent with the practices of Pipelogic as of the date of this Agreement. Pipelogic has good and valid title to the Personal
Property free and clear of all Liens except Permitted Liens. Upon the consummation of the transactions contemplated by this Agreement,
Pipelogic will have good and valid title to the Personal Property free and clear of all Liens except Permitted Liens. The Personal
Property is located on the Real Property or the Facilities, is on location with a customer of Pipelogic in accordance with the
records of Pipelogic or is in transit between such customer location and the Real Property or the Facilities in the Ordinary Course
of Business of Pipelogic. Each item of Personal Property is in good working order and repair (taking its age and ordinary wear
and tear into account) and has been operated and maintained in the Ordinary Course of Business of Pipelogic.

 

3.12 Permits.
Schedule 3.12 lists all permits, licenses, certificates, authorizations and approvals granted by any Governmental
Authority (each, a “Permit”) and used or held by Pipelogic in connection with the ownership of the Pipelogic
Assets and the operation of the Pipelogic Business (the “Scheduled Permits”), including their respective
dates of issuance and expiration. The Scheduled Permits constitute all Permits necessary for the continued ownership, use and
operation of the Pipelogic Assets and operation of the Pipelogic Business as currently conducted. The Scheduled Permits are valid
and in full force and effect and Pipelogic is not in default, and no condition exists that with notice or lapse of time or both
would constitute a default, under any of the Scheduled Permits.

 

3.13 Contracts.

 

(a) Schedule 3.13(a)
identifies each of the following Contracts used in connection with the Pipelogic Business to which Pipelogic is a party or
by which it or its properties is bound (each such identified Contract, a “Material Contract”):

 

(i) any Contract that
provides for the payment or potential payment by Pipelogic of more than $50,000 in any consecutive 12-month period or more than
$50,000 over the remaining life of such Contract other than a Contract that (A) is terminable by any party thereto giving
notice of termination to the other party thereto not more than sixty (60) days in advance of the proposed termination date and
(B) even if so terminable, contains no post-termination obligations, termination penalties, buy-back obligations or similar
obligations;

 

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(ii) any Contract
that constitutes a purchase order or other Contract relating to the sale, purchase, lease or provision by Pipelogic of goods or
services in excess of $50,000 in any 12-month period;

 

(iii) any Contract
that grants any Person the exclusive right to sell products or provide services within any geographical region other than a Contract
that (A) is terminable by any party thereto giving notice of termination to the other party thereto not more than sixty (60)
days in advance of the proposed termination date and (B) even if so terminable, contains no post-termination obligations,
termination penalties, buy-back obligations or similar obligations;

 

(iv) any Contract
that purports to limit the freedom of Pipelogic to compete in any line of business or with any Person or to conduct business in
any geographic location;

 

(v) any Contract relating
to the acquisition or disposition by Pipelogic of the equity or assets of any company or any operating business or Interest of
another Person (by asset sale, stock sale, merger or otherwise);

 

(vi) any Contract
relating to the payment of any Tax or the filing of Tax Returns;

 

(vii) any Contract
that is for the sale of goods or services and has not been substantially completed by Pipelogic as of the date of this Agreement
and which (A) was entered into by Pipelogic on terms known at the time the Contract was entered into not to be commercially
reasonable or (B) was entered into with the expectation that Pipelogic would incur a loss;

 

(viii) any Contract
that was entered into outside of the Ordinary Course of Business of Pipelogic since December 31, 2017;

 

(ix) any Contract
constituting a partnership, joint venture or other similar Contract;

 

(x) any Contract relating
to indebtedness for borrowed money, any Contract creating a capital lease obligation, any Contract for the sale or factoring of
accounts receivable, any Contract constituting a guarantee of debt of any other Person or any Contract requiring Pipelogic to
maintain the financial position of any other Person;

 

(xi) any Contract
under which Pipelogic has made advances or loans to any other Person;

 

(xii) any outstanding
agreements of guaranty, surety or indemnification (other than master services agreements entered into in the Ordinary Course of
Business of Pipelogic), direct or indirect, by Pipelogic, in each case where the annual obligations under such agreement are more
than $10,000;

 

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(xiii) any Contract
pursuant to which (A) Intellectual Property Rights that are material to the Pipelogic Business or involving consideration in excess
of $5,000 is licensed to Pipelogic (other than license agreement for unmodified “off-the-shelf” software on generally
standard terms and conditions involving total consideration of less than $10,000) or (B) Pipelogic has granted a right with respect
to Intellectual Property Rights that are material to the Pipelogic Business or involving consideration in excess of $5,000;

 

(xiv) any Contract
that provides for (A) the purchase or sale of real property or (B) the lease (including any master lease covering multiple
items of personal property) of any item or items of personal property with a rental expense under such lease (whether for a single
item or multiple items);

 

(xv) any Contract
providing for the deferred payment of any purchase price including any “earn out” or other contingent fee arrangement;

 

(xvi) any Contract
creating a Lien on any of the Pipelogic Assets that will not be discharged at or prior to the Closing;

 

(xvii) any Contract
between Pipelogic, on the one hand, and any Affiliate of Pipelogic, on the other hand (including any Contract providing for (A) compensation,
the acceleration of benefits or the loss of any rights in connection with the consummation of the transactions contemplated by
this Agreement or (B) the indemnification of such Affiliate by Pipelogic);

 

(xviii) any Contract
with any Seller or any current or former officer, director, member, manager, partner, equityholder, consultant or employee of
Pipelogic or any of the foregoing;

 

(xix) any Contract
providing for the employment or engagement of any Person on a full time, part time, consulting or other basis;

 

(xx) any Contract
with any labor union or association or other Person representing or seeking to represent any employee of Pipelogic or any other
individual who provides services to Pipelogic;

 

(xxi) any Contract
between Pipelogic and any Governmental Authority;

 

(xxii) any Contract
involving interest rate swaps, cap or collar agreements, commodity or financial future or option contracts or similar derivative
or hedging Contracts;

 

(xxiii) any Contract
granting to any Person a right of first refusal, first offer or other right to purchase any of the Pipelogic Assets;

 

(xxiv) any Contract
requiring Pipelogic to make a payment as a result of the consummation of the transactions contemplated hereby;

 

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(xxv) any Contract
containing a “most favored nation” clause or similar provision; and

 

(xxvi) any Contract
with any professional employer organization, personnel staffing organization, employee leasing organization or other entity that
provides personnel services or other employment related or employee benefit related services to Pipelogic.

 

(b) True and complete
copies (including all amendments) of each Material Contract have been furnished to Buyer. Each Material Contract is the legal,
valid and binding obligation of Pipelogic, and, to the Knowledge of Sellers, any other Person party thereto, binding and enforceable
against Pipelogic and, to the Knowledge of Sellers, any other Person party thereto, in accordance with its terms subject to Creditors’
Rights. No Material Contract has been terminated, and neither Pipelogic nor, to the Knowledge of Sellers, any other Person is
in material breach or default thereunder, and to the Knowledge of Sellers no event has occurred that with notice or lapse of time,
or both, would constitute a material breach or default, or permit termination, modification in any manner adverse to Pipelogic
or acceleration thereunder. No party has asserted or has (except by operation of Legal Requirements) any right to offset, discount
or otherwise abate any amount owing under any Material Contract except as expressly set forth in such Material Contract. There
are no Material Waivers regarding any Material Contract that have not been disclosed in writing to Buyer.

 

3.14 Intellectual
Property.

 

(a) Schedule 3.14
is a complete and accurate list of all patents, patent applications, registered trademarks, trademark applications, copyright
registrations, copyright applications and Internet domain names owned by Pipelogic (the “Registered Intellectual Property”).
The Registered Intellectual Property, together with all other Intellectual Property Rights owned, used or held for use in the
conduct of the Pipelogic Business (the “Pipelogic Intellectual Property”), constitute all Intellectual
Property Rights necessary for the continued operation of the Pipelogic Business consistent in all respects with the past practices
of the Pipelogic Business. The Pipelogic Intellectual Property currently used or held for use by Pipelogic is valid, subsisting,
and enforceable.

 

(b) Pipelogic has sole
ownership of, or valid licenses to use, as applicable, all of the Pipelogic Intellectual Property currently used or held for use
by Pipelogic, free and clear of all Liens, exclusive licenses granted to third parties, and non-exclusive licenses not granted
in the Ordinary Course of Business of Pipelogic. The consummation of the transactions as contemplated by this Agreement shall
not affect, diminish or terminate the ownership or use of the Pipelogic Intellectual Property owned by or licensed to Pipelogic,
and each item of the Pipelogic Intellectual Property will continue to be owned by or licensed to Pipelogic on identical terms
and conditions immediately following the consummation of such transactions contemplated by this Agreement as are in effect immediately
prior to such consummation.

 

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(c) Pipelogic has not
been a party to any judicial or administrative proceeding alleging, nor has Pipelogic been notified in writing of any allegation
of, any infringement, misappropriation, dilution or other violation of any item of the Pipelogic Intellectual Property. There
has been no infringement, misappropriation, dilution or other violation (or, to the Knowledge of Sellers, facts that are reasonably
likely to give rise to an infringement, misappropriation, dilution or other violation) by Pipelogic of any Intellectual Property
Rights of other Persons. There has been no infringement, misappropriation, dilution or other violation (or, to the Knowledge of
Sellers facts that are reasonably likely to give rise to an infringement, misappropriation, dilution or other violation) by any
other Person of any of the Pipelogic Intellectual Property. No Pipelogic Intellectual Property is subject to any outstanding order,
judgment, decree, stipulation or agreement restricting the use thereof by Pipelogic, and Pipelogic is not a party or subject to
any settlement agreement involving Intellectual Property Rights.

 

(d) Pipelogic has taken
reasonable measures to protect the confidentiality of the trade secrets and confidential information of Pipelogic or used in connection
with the Pipelogic Business. None of the trade secrets of Pipelogic have been disclosed or provided to anyone except to employees
and contractors of Pipelogic pursuant to signed, written agreements which impose a duty of confidentiality on such employees and
contractors with respect to such trade secrets. All employees, contractors and agents of Pipelogic involved in the conception,
development, authoring, creation, or reduction to practice of any material Pipelogic Intellectual Property have executed agreements
that assign such Pipelogic Intellectual Property to Pipelogic. Neither Sellers nor any of their Affiliates, nor any of their Affiliates’
current or former stockholders, members, directors, officers or employees will, after giving effect to each of the transactions
contemplated by this Agreement, own or retain any ownership rights in or to the Pipelogic Intellectual Property, or have the right
to receive any payments with respect to any of the Pipelogic Intellectual Property.

 

(e) All statutory obligations,
all document filings, and all fees, annuities and other payments which are due on or before the Closing Date for the registration,
maintenance, extension or renewal of any of the Registered Intellectual Property, have been met or paid in full. There are no
actions that must be taken by Pipelogic within sixty (60) days of the Closing Date for the purposes of maintaining, perfecting
or preserving or renewing any Registered Intellectual Property.

 

(f) Pipelogic owns,
leases or licenses all computer systems that are necessary for the operations of the Pipelogic Business. In the past three (3)
years, there has been no failure, material substandard performance or breach of any computer systems of Pipelogic or its contractors
that has caused any material disruption to the Pipelogic Business or resulted in any unauthorized disclosure of or access to any
data owned, collected or controlled by Pipelogic. Pipelogic has taken commercially reasonable steps to provide for the backup
and recovery of data and information, has commercially reasonable disaster recovery plans, procedures and facilities, and, as
applicable, has taken commercially reasonable steps to implement such plans and procedures. Pipelogic has taken commercially reasonable
actions to protect the integrity and security of the computer systems and the software information stored thereon from unauthorized
use, access or modification by third parties.

 

3.15 Receivables;
Payables.

 

(a) Each of the Receivables
arose in the Ordinary Course of Business of Pipelogic and represents the genuine, valid and legally enforceable obligation of
the account debtor (subject only to Creditors’ Rights) and no contra account, set-off, defense, counterclaim, allowance
or adjustment (other than discounts for prompt payment shown on the invoice) has been asserted or, to the Knowledge of Sellers,
is threatened by any of the account debtors of such Receivable. Pipelogic has good and valid title to each Receivable free and
clear of all Liens except Permitted Liens. No goods or services, the sale or provision of which gave rise to any Receivable, have
been returned or rejected by any account debtor or lost or damaged prior to receipt thereby. Set forth in Schedule 3.15(a)
is a listing of Receivables as of a date no more than seven (7) days prior to the date of this Agreement, which listing sets
forth the number of days each Receivable has been outstanding. Pipelogic has not written off any Receivables as uncollectible.

 

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(b) All accounts payable
of Pipelogic (i) reflected in the Financial Statements have been paid and are the result of bona fide transactions in the
Ordinary Course of Business of Pipelogic and (ii) arising after the date of the Financial Statements are the result of bona
fide transactions in the Ordinary Course of Business of Pipelogic and are not yet due and payable.

 

3.16 Brokers’
Fees; Expenses.

 

(a) Neither Pipelogic
nor any of its Affiliates has any liability or obligation to pay any fees or commissions to any broker, finder, or agent with
respect of the transactions contemplated by this Agreement for which Buyer, Contributee or any of their Affiliates (including
Pipelogic after the Closing) could become liable or obligated. For the avoidance of doubt, any liabilities or obligations to pay
any fees or commissions to any brokers, finders, or agents with respect of the transactions contemplated by this Agreement for
which Buyer, Contributee or any of their Affiliates (including Pipelogic after the Closing) could become liable or obligated,
will be the responsibility of Sellers and will be settled out of the Purchase Price.

 

(b) Other than the Transaction
Costs, Pipelogic does not have any liability or obligation to pay any fees or expenses of attorneys, investment bankers, accountants
or other advisors or service providers in connection with the transactions contemplated by this Agreement or the proposed merger
or sale of Pipelogic in general; and there is no basis for any action, suit, proceeding, hearing, investigation, charge, complaint,
claim or demand against Pipelogic or any of its Affiliates giving rise to liability associated therewith.

 

3.17 Financial
Statements. Attached hereto as Schedule 3.17 are copies of (a) the unaudited balance sheets of Pipelogic
at December 31, 2017 and the related unaudited statements of income and cash flows for the year then ended (collectively, the
“Annual Financial Statements”), and (b) the unaudited balance sheet of Pipelogic as of August 31,
2018 (the “Interim Balance Sheet”) and the related unaudited statements of income and cash flows for
the eight-month period then ended (together with the Interim Balance Sheet, the “Interim Financial Statements”).
The Annual Financial Statement and the Interim Financial Statements are referred to collectively as the “Financial
Statements.” Except as set forth in Schedule 3.17, the Financial Statements (including any related notes
thereto) (i) have been prepared in accordance with GAAP, consistently applied throughout the periods covered thereby, except
as otherwise noted therein and (ii) fairly present, in all material respects, the financial condition and results of operations
of Pipelogic, as applicable, as of the respective dates thereof and for the respective periods covered thereby.

 

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3.18 No Undisclosed
Liabilities. Pipelogic does not have any liability, obligation or commitment (and there is no basis for any present or
future action, suit, proceeding, hearing, investigation, charge, complaint, claim, or demand against Pipelogic giving rise to
any liability, obligation or commitment) other than (a) liabilities set forth in the face of the Interim Balance Sheet, (b) liabilities
which have arisen after the date of the Interim Balance Sheet in the Ordinary Course of Business of Pipelogic (none of which results
from, arises out of, relates to, is in the nature of, or was caused by any breach of contract, breach of warranty, tort, infringement,
or violation of Legal Requirements), (c) liabilities that are not material to Pipelogic, either individually or in the aggregate
and (d) liabilities disclosed in Schedule 3.18.

 

3.19 Legal Compliance.
Pipelogic is, and has been in the past three (3) years, in compliance in all material respects with all applicable Legal Requirements.
No investigation or review by any Governmental Authority is currently pending or, to the Knowledge of Sellers, has been threatened,
against Pipelogic, and Pipelogic has not received any notice alleging any default or violation of any Legal Requirements. There
is no agreement, commitment, order, stipulation or charge against Pipelogic binding upon Pipelogic with any Governmental Authority.

 

3.20 Taxes.

 

(a) All Tax Returns
required to be filed by or with respect to Pipelogic have been duly and timely filed with the appropriate Governmental Authority,
and each such Tax Return is true, correct and complete in all material respects.

 

(b) All Taxes owed by
Pipelogic (or for which Pipelogic may be liable) that are or have become due have been timely paid in full, whether disputed or
not, and whether or not shown on any Tax Return.

 

(c) All Tax withholding
and deposit obligations imposed on or with respect to Pipelogic or its employees (or for which Pipelogic may otherwise be liable)
have been satisfied in full.

 

(d) There are no Liens
(other than Permitted Liens for current period Taxes which are not yet due and payable) on any of the Pipelogic Assets or the
Pipelogic Membership Interests that are attributable to any Tax liability or payment obligation.

 

(e) There are no Claims
pending against Pipelogic for any unpaid Taxes, and no assessment, deficiency or adjustment has been asserted or proposed or threatened
in writing with respect to Pipelogic.

 

(f) No Tax audits or
administrative or judicial proceedings are being conducted or have been threatened in writing with respect to Pipelogic.

 

(g) True and complete
copies of all material Tax Returns filed by Pipelogic during the past three (3) years, and all material correspondence between
Pipelogic and a Governmental Authority relating to such Tax Returns or Taxes due have been made available to Buyer.

 

(h) There are no agreements,
waivers or other arrangements in force or effect providing for an extension of time for the assessment or collection of any Tax
of or with respect to Pipelogic.

 

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(i) Pipelogic is not
a party to or bound by any Tax allocation, sharing or indemnity agreement or arrangement with any Person (other than any customary
Tax indemnification provisions contained in any credit or other commercial agreement entered into in the ordinary course of business
and not primarily relating to Tax). Pipelogic (A) has never been a member of any Consolidated Group and (B) does not
have any liability for the Taxes of any Person under Treasury Regulations § 1.1502-6 (or any corresponding provisions
of state, local or foreign Tax law), or as a transferee or successor, by Contract or otherwise.

 

(j) No Claim has ever
been made by a Governmental Authority in a jurisdiction in which Pipelogic does not file Tax Returns or pay Taxes that Pipelogic
is or may be required to file a Tax Return or pay Taxes in that jurisdiction.

 

(k) Neither Pipelogic
nor any predecessor thereof has participated or engaged in any “listed transaction” within the meaning of Treasury
Regulations § 1.6011-4(b)(2) (and all relevant predecessor regulations) or similar provision of state, local or foreign
law.

 

(l) No power of attorney
that is currently in force has been granted with respect to any matter relating to Taxes that could affect Pipelogic.

 

(m) All of the Pipelogic
Assets have been properly listed and described on the property Tax rolls for the Tax units in which the Pipelogic Assets are located,
and no portion of the Pipelogic Assets constitutes omitted property for property Tax purposes.

 

(n) Since its formation,
Pipelogic has been and it continues to be, classified as either a partnership or as an entity disregarded as separate from Invacor
in accordance with Treasury Regulations § 301.7701-3 for U.S. Income Tax Purposes and any applicable state or local tax purposes.

 

3.21 Inventory.
Pipelogic owns its inventory free and clear of all Liens except Permitted Liens. None of such inventory is covered by any financing
statements except those filed in connection with Permitted Liens. Such inventory was acquired for sale in the Ordinary Course
of Business and is in good and saleable condition and is not obsolete or damaged, except to the extent reflected in reserves set
forth in the Interim Balance Sheet. None of such inventory is subject to any consignment, bailment, warehousing or similar arrangement.

 

3.22 Litigation.
There are no, and for the past three (3) years there have been no, actions, suits or proceedings pending or, to the Knowledge
of Sellers, threatened at law or in equity, or before or by any Governmental Authority or before any arbitrator of any kind, against
Pipelogic that affects or would have an effect on the Pipelogic Business or the Pipelogic Assets or the consummation of the transactions
contemplated hereby, and Pipelogic is not subject to any outstanding judgment, order or decree of any Governmental Authority or
arbitrator.

 

3.23 Product
and Service Warranty.

 

(a) Each product leased,
delivered, installed, manufactured or sold or service performed by Pipelogic has complied in all material respects with and conformed
to all applicable Legal Requirements, contractual commitments and all applicable warranties of Pipelogic. None of such products
or services is subject to any guaranty, warranty or other indemnity that is materially less favorable to Pipelogic than the applicable
standard terms and conditions of lease or sale. Pipelogic is not subject to provisions with respect to liquidated damages or consequential,
special or similar damages.

 

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(b) No warranty claim
has been asserted during the three-year period prior to the date of this Agreement from which Pipelogic has incurred costs. No
claims, whether in contract or tort, for defective or allegedly defective products or workmanship are pending or threatened against
Pipelogic.

 

3.24 Employees;
Employee Relations.

 

(a) Schedule 3.24(a)
identifies for Pipelogic the following:

 

(i) for each employee
of Pipelogic, his or her (A) name, job title, employing entity, original hire date, service date, (B) annualized base salary
or hourly rate of pay, as applicable, (C) bonuses and other compensation (including incentive, additional forms of pay, profit-sharing,
pension benefits and other compensation for which he or she is eligible), if any, paid in 2017 and paid or payable for 2018, (D)
status as exempt or non-exempt under the Fair Labor Standards Act, (E) accrued and unused vacation (and any other paid time off)
as of the date of this Agreement, (F) leave status (including type of leave, start date and expected return date), (G) details
of any applicable visa (including type of visa, dates of validity, and sponsoring entity), and (H) details of any co-employment
relationship;

 

(ii) any increase
or decrease to become effective after the date of this Agreement in the total compensation or rate of total compensation (including
bonus, incentive, profit-sharing, pension benefits and other compensation) payable by Pipelogic to any employee or contractor
of Pipelogic;

 

(iii) all presently
outstanding loans and advances (other than routine travel advances to be repaid or formally accounted for within sixty (60) days)
made by Pipelogic to, or made to Pipelogic by, any present or former director, officer, manager, contractor or employee of Pipelogic;

 

(iv) all transactions
outside of the Ordinary Course of Business of Pipelogic between Pipelogic and any director, officer, manager, member, employee,
or contractor thereof since December 31, 2014;

 

(v) the name of each
director and officer of Pipelogic (including the title of any officer); and

 

(vi) the name, compensation
and service terms of any individual providing services to Pipelogic as an independent contractor. The individuals set forth in
Schedule 3.24(a) represent all of the individuals whose employment materially involves providing services to or for
Pipelogic.

 

(b) Except as set forth
in Schedule 3.24(b) or to the extent accrued as a current liability on the Interim Balance Sheet, all wages, bonuses
and other compensation, if any, due and payable as of the date of this Agreement to all present and former employees and contractors
of Pipelogic have been paid in full, or will be paid in full, to such employees and contractors prior to the Closing. The compensation
and benefits (including vacation and other paid time off benefits) paid or provided with respect to all employees and contractors
of Pipelogic have been reflected in the Financial Statements for the periods covered thereby.

 

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(c) Pipelogic is not
a party to, and has never been bound by, the terms of any labor or collective bargaining agreement or any other Contract with
any labor union or other representative of employees, and no such agreements are being negotiated. There are no labor disputes
existing or, to the Knowledge of Sellers, threatened involving, by way of example, strikes, work stoppages, slowdowns, picketing,
or any other interference with work or production, or any other concerted action by employees, and Pipelogic has not experienced
any material labor difficulties during the last ten (10) years. No unfair labor practice charge, grievance, complaint, or other
legal action arising out of any collective bargaining agreement or employment or labor relationship with Pipelogic exists, or
to the Knowledge of Sellers, is threatened.  To the Knowledge of Sellers, there is no question concerning representation
as to any collective bargaining representative concerning any employee of Pipelogic and no labor union or representative thereof
claims to or is seeking to represent any such employees.

 

(d) The relationship
of Pipelogic with its employees, as a group, is satisfactory and, to the Knowledge of Sellers, there are no facts that would indicate
that any such employees will not continue in their employment with Pipelogic following the Closing.  Pipelogic is not (i) a
party to any employment, consulting, non-compete, non-solicit, management, severance, retention, change of control, termination
pay, bonus, or similar Contract with any Person, either express or implied, or (ii) currently negotiating, and does not have
any outstanding offer with respect to, any such agreement or matter.

 

(e) No Claims, charges,
complaints, grievances, investigations or similar actions have been commenced with respect to Pipelogic under any Legal Requirements
affecting or relating to the employment relationship, and, to the Knowledge of Sellers, no proceedings, charges, complaints, grievances,
investigations or similar actions are threatened under any such Legal Requirements and no facts or circumstances exist which would
give rise to any such proceedings, charges, complaints, grievances, investigations, or similar actions.  Pipelogic is not
and, during the last ten (10) years, has not been subject to any settlement or consent decree with any present or former employee,
employee representative or any Governmental Authority relating to claims of discrimination or other claims in respect of employment
or labor practices and policies (including practices relating to discrimination, retaliation, wage payments, overtime payments,
recordkeeping, employee classification, occupational health and safety, whistleblowing, retaliation, and immigration). No Governmental
Authority has, during the last ten (10) years, issued a judgment, order, decree or finding with respect to the labor and employment
practices (including practices relating to discrimination, retaliation wage payments, overtime payments, recordkeeping, employee
and contractor classification, occupational health and safety, whistleblowing, retaliation, and immigration) of Pipelogic.

 

(f) Pipelogic is and
has been in compliance with all applicable Legal Requirements relating to the employment of labor, including employment and employment
practices, terms and conditions of employment, wages and hours, overtime payments, recordkeeping, employee classification, employee
leave, equal employment opportunity, occupational health and safety, severance, termination or discharge, whistleblowing, retaliation,
immigration, collective bargaining, the payment of employee welfare and retirement and other Taxes and the full payment of all
required social security contributions and taxes, and, Pipelogic is not in violation of any Legal Requirements concerning engagement
of independent contractors.

 

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(g) There has not been
a “mass layoff” or “plant closing” (as defined by the Worker Adjustment and Retraining Notification Act
of 1988 and any similar state, local or foreign Legal Requirement) with respect to Pipelogic at any time within the six (6) months
preceding the date of this Agreement.

 

3.25 Employee
Benefit Matters.

 

(a) Schedule 3.25(a)
includes a true and complete list of each of the following (collectively referred to as the “Plans,”
and individually referred to as a “Plan”) that is sponsored, maintained or contributed to or by Pipelogic
or any ERISA Affiliates of Pipelogic or for which Pipelogic could have any liability, or has been so sponsored, maintained or
contributed to within six (6) years prior to the date of this Agreement by Pipelogic or any ERISA Affiliates of Pipelogic:

 

(i) each “employee
benefit plan,” as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), (including employee benefit plans, such as foreign plans, which are not subject to the provisions
of ERISA); and

 

(ii) each personnel
policy, equity option plan, equity appreciation rights plan, restricted equity plan, phantom equity plan, equity based compensation
arrangement, collective bargaining agreement, bonus plan or arrangement, incentive award plan or arrangement, vacation policy,
severance pay plan, policy or agreement, deferred compensation agreement or arrangement, executive compensation or supplemental
income arrangement, change in control plan or agreement, consulting agreement, employment agreement and each other employee benefit
plan, agreement, arrangement, program, practice or understanding which is not described in Section 3.25(a)(i).

 

(b) Pipelogic has furnished
to Buyer true, correct and complete copies of each of the Plans, and related trusts and services agreements, if applicable, including
all amendments thereto. Pipelogic has also furnished to Buyer, with respect to each Plan and to the extent applicable: (i) the
three (3) most recent annual or other reports filed with each Governmental Authority and all schedules thereto, (ii) the
insurance contract and other funding agreement, and all amendments thereto, (iii) the most recent summary plan description
(including all summaries of material modification thereto), scheme booklet and all announcements, (iv) the most recent audited
accounts and actuarial report or valuation required to be prepared under applicable Legal Requirements, and (v) copies of
all material notices, letters or other correspondence from any Governmental Authority.

 

(c) Pipelogic does not
sponsor, maintain or contribute to any “employee pension benefit plan” (as such term is defined in Section 3(2)
of ERISA). Neither Pipelogic nor any ERISA Affiliates of Pipelogic contributes to or has any obligation to contribute to, or has
at any time during the last six (6) years contributed to or had an obligation to contribute to, and no Plan is (i) a multiemployer
plan within the meaning of Section 3(37) of ERISA or (ii) a plan subject to Title IV of ERISA, Section 302
of ERISA or Section 412 of the Code. No Plan is funded through a trust that is intended to be exempt from federal income
taxation pursuant to Section 501(c)(9) of the Code.

 

    25

     

    

 

(d)

 

(i) Pipelogic and
its ERISA Affiliates have performed all obligations, whether arising by operation of any Legal Requirement or by Contract, required
to be performed by it in connection with the Plans, and there have been no defaults or violations by any other party to the Plans;

 

(ii) (A) all
reports and disclosures relating to the Plans required to be filed with or furnished to Governmental Authorities, Plan participants
or Plan beneficiaries have been filed or furnished in accordance with applicable Legal Requirements in a timely manner, (B) each
Plan has been documented, operated and administered in compliance with its governing documents and applicable Legal Requirements,
and (C) each Plan that could be a “nonqualified deferred compensation” arrangement under Section 409A of
the Code is in compliance with such Section, and no service provider is entitled to a Tax gross-up or similar payment for any
Tax or interest that may be due under such Section;

 

(iii) none of the
Plans are intended to be qualified under Section 401(a) of the Code;

 

(iv) there are no
Claims pending (other than routine claims for benefits) or, to the Knowledge of Sellers, threatened against, or with respect to,
any of the Plans or their assets;

 

(v) all contributions
required to be made to the Plans pursuant to their terms and provisions or pursuant to applicable Legal Requirements have been
timely made;

 

(vi) no act, omission
or transaction has occurred which would result in imposition on Pipelogic, directly or indirectly, of (A) breach of fiduciary
duty liability damages under Section 409 of ERISA, (B) a penalty assessed pursuant to Section 502 of ERISA, or
(C) a Tax imposed pursuant to Chapter 43 of Subtitle D of the Code;

 

(vii) there is no
matter pending with respect to any of the Plans before any Governmental Authority; and

 

(viii) the execution
and delivery of this Agreement and the consummation of the transactions contemplated by this Agreement will not (A) require
Pipelogic or any of its ERISA Affiliates to make a larger contribution to, or pay greater compensation, payments or benefits under,
any Plan or under any Contract listed in Schedule 3.25(a) than they otherwise would, whether or not some other subsequent
action or event would be required to cause such payment or provision to be triggered, or (B) create or give rise to any additional
vested rights or service credits under any Plan or under any Contract listed in Schedule 3.25(a).

 

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(e) Neither Pipelogic
nor any of its ERISA Affiliates is a party to any Contract, nor has Pipelogic or any of its ERISA Affiliates established any policy
or practice, requiring it to make a payment or provide any other form of compensation or benefit to any Person performing services
for Pipelogic or any of its ERISA Affiliates upon termination of such services that would not be payable or provided in the absence
of the consummation of the transactions contemplated by this Agreement.

 

(f) In connection with
the consummation of the transactions contemplated by this Agreement, no payments of money or property, acceleration of benefits,
or provisions of other rights have or will be made under this Agreement, under any agreement, plan or other program contemplated
in this Agreement, under the Plans or under any Contract listed in Schedule 3.25(a) which, in the aggregate, would
be reasonably likely to result in imposition of the sanctions imposed under Sections 280G and 4999 of the Code, whether or
not some other subsequent action or event would be required to cause such payment, acceleration or provision to be triggered.

 

(g) Each Plan that is
an “employee benefit plan,” as such term is defined in Section 3(3) of ERISA, may be unilaterally amended or
terminated in its entirety without liability except as to benefits accrued thereunder prior to such amendment or termination.

 

(h) Except to the extent
required pursuant to Section 4980B(f) of the Code and the corresponding provisions of ERISA, no Plan or Contract listed in
Schedule 3.25(a) provides retiree medical or retiree life insurance benefits to any Person, and Pipelogic is not contractually
or otherwise obligated (whether or not in writing) to provide any Person with life insurance or medical benefits upon retirement
or termination of employment.

 

3.26 Environmental
Matters.

 

(a) Compliance.
The Pipelogic Business and the Pipelogic Assets are and, during all times while under the control of Pipelogic, its Affiliates
or Sellers, have been in material compliance with all Environmental Laws and Environmental Authorizations and no facts, events,
circumstances or conditions exist that could adversely affect such continued compliance with Environmental Laws and Environmental
Authorizations or require currently unbudgeted capital expenditures to achieve or maintain such continued compliance with Environmental
Laws and Environmental Authorizations.

 

(b) Authorizations.
All material Environmental Authorizations required for operating the Pipelogic Business and the Pipelogic Assets as they are currently
being operated have been duly obtained, and are currently in full force and effect. No additional material Environmental Authorizations
are required for the consummation of the transactions contemplated by this Agreement or are required to be obtained by Pipelogic
prior to the Closing Date. Neither Sellers nor any of their Affiliates has received any notice that, or otherwise has knowledge
of any facts, events, conditions or circumstances pursuant to which, (i) any such existing material Environmental Authorization
will be revoked, (ii) any application currently pending or to be made prior to the Closing Date for any new material Environmental
Authorization will be protested or denied, or (iii) any renewal of any existing material Environmental Authorization will
be protested or denied.

 

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(c) Claims or Notices.
There are no Claims pending or, to the Knowledge of Sellers, threatened under any Environmental Law against Pipelogic or any of
its Affiliates or the Pipelogic Business or the Pipelogic Assets, and neither Pipelogic nor any of its Affiliates has otherwise
received notice from any Governmental Authority or other Person of alleged violation of, non-compliance with, or liability under,
any Environmental Law with respect to the Pipelogic Business or the Pipelogic Assets.

 

(d) Environmental
Liabilities. There are no current or, to the Knowledge of Sellers and to the extent occurring within the relevant time periods
specified under all applicable statutes of limitations, past facts, events, circumstances, or conditions with respect to the Pipelogic
Business or the Pipelogic Assets that could reasonably be expected to form the basis for assertion of any Environmental Liability
against any owner or operator of the Pipelogic Business or Pipelogic Assets, and neither Pipelogic nor any of its Affiliates has
assumed or retained by contract or operation of law any material liabilities under any Environmental Law or regarding any Hazardous
Materials.

 

(e) Releases at or
from the Pipelogic Assets. There has been no Release of Hazardous Materials at, on, under or from any Pipelogic Assets in
connection with Pipelogic or the Pipelogic Business or, to the Knowledge of Sellers, the operations of any Predecessor for which
any investigatory, remedial, monitoring or restoration actions required under Environmental Laws have not been performed and completed
to the satisfaction of all applicable Governmental Authorities. To the Knowledge of Sellers, there is no asbestos contained in
or forming part of any equipment, property, building, building component, structure or office space included among the Pipelogic
Assets.

 

(f) Offsite Releases.
Neither Pipelogic nor any of its Affiliates has received any notice asserting an alleged liability or obligation under any Environmental
Law with respect to investigatory, remedial, monitoring, or restoration actions at any real properties other than the real properties
included among the Pipelogic Assets where Pipelogic or its Affiliates or, to the Knowledge of Sellers, any Predecessor transported
or disposed or arranged for the transport or disposal of any Hazardous Materials and there are no facts, events, circumstances
or conditions that would reasonably be expected to result in the receipt of such notice.

 

(g) Exposure.
To the Knowledge of Sellers, there has been no exposure of any Person or property to Hazardous Materials in connection with the
business of Pipelogic or its Affiliates that could reasonably be expected to form the basis for a claim for damages or compensation.

 

(h) Liens. None
of the Pipelogic Assets is subject to any Lien imposed by or arising under any Environmental Law, and there are no proceedings
pending or, to the Knowledge of Sellers, threatened for imposition of any such Lien, and, to the Knowledge of Sellers, there is
no basis for any such Lien or proceeding.

 

(i) Underground Storage
Tanks. There are no underground storage tanks formerly or currently used by Pipelogic or any of its Affiliates in the operation
of the Pipelogic Business and, to the Knowledge of Sellers, there are no formerly operated underground storage tanks that were
operated by any Predecessor upon the Pipelogic Assets and have since been permanently removed from service.

 

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(j) Environmental
Documents. Sellers have furnished to Buyer complete and accurate copies of all environmental audits, assessments, reports,
studies, analyses and correspondence on alleged environmental matters (including any alleged non-compliance with any Environmental
Law, any alleged exposure to Hazardous Materials, or any Release or threatened Release of Hazardous Materials) that are in Sellers’
or Pipelogic’s possession or control and relating to Pipelogic or any of its Affiliates’ ownership or operation of
the Pipelogic Business or the Pipelogic Assets.

 

3.27 Bank Accounts.
Schedule 3.27 sets forth each bank, savings institution and other financial institution with which Pipelogic has an
account or safe deposit box and the names of all persons authorized to draw thereon or to have access thereto. Except as disclosed
in Schedule 3.27, Pipelogic has not given any revocable or irrevocable powers of attorney or similar grant of authority
to any Person relating to its business for any purpose whatsoever.

 

3.28 Insurance.
Schedule 3.28 sets forth a true and complete list of all policies, binders, and insurance contracts under which Pipelogic,
the Pipelogic Business or any of the Pipelogic Assets is insured (the “Insurance Policies”). With respect
to each Insurance Policy, Schedule 3.28 sets forth a true and correct description of (a) the scope of coverage,
(b) the limits of liability, and (c) the aggregate limits and available coverage (if less than the aggregate limits)
as of the date of this Agreement. Each of the Insurance Policies is in full force and effect, there has been no written notice
of any cancellation or any threatened cancellation of any Insurance Policy, and Pipelogic is a named insured or loss payee, as
applicable, under each Insurance Policy. Neither Sellers nor any of their respective Affiliates (including Pipelogic) is in default
under, or has otherwise failed to comply with, in any material respect, any provision contained in any of the Insurance Policies.
The Insurance Policies are of the type and in the amounts customarily carried by Persons conducting a business similar to the
Pipelogic Business, or owning properties and assets similar to the Pipelogic Assets, and are sufficient for compliance with all
applicable Legal Requirements and Contracts to which Pipelogic is a party or by which it is bound.

 

3.29 Books and
Records. All books and records relating to the ownership and operation of the Pipelogic Business and the Pipelogic Assets
are located at the premises of the Pipelogic Business to which such books and records primarily relate, have been maintained substantially
in accordance with applicable Legal Requirements, comprise all of the books and records relating to the ownership and operation
of the Pipelogic Business and the Pipelogic Assets.

 

3.30 Debt.
Except as set forth in Schedule 3.30, Pipelogic does not have any Debt, and there is no Debt related to or associated with
the Pipelogic Assets or the Pipelogic Business. Any Debt set forth in Schedule 3.30 shall be paid off in full prior to
the Closing.

 

3.31 Assets
Necessary to the Pipelogic Business. Except as set forth in Schedule 3.31 and excluding the Real Property and the
improvements located thereon, at and following the Closing, the Pipelogic Assets (a) will constitute all of the assets necessary
or required to permit Pipelogic to carry on the Pipelogic Business in substantially the same manner as presently conducted and
as conducted in all material respects since December 31, 2017 and (b) constitute all of the assets of Pipelogic used in the
Pipelogic Business presently and as conducted in all material respects since December 31, 2017.

 

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3.32 Customers
and Suppliers.

 

(a) Schedule 3.32
sets forth a list of the ten (10) largest customers and the ten (10) largest suppliers of Pipelogic, as measured by the dollar
amount of purchases therefrom or thereby, during the fiscal year ended 2017 and for the eight-month period ended August 31, 2018,
showing the approximate total sales by Pipelogic to each such customer and the approximate total purchases by Pipelogic from each
such supplier, during such period.

 

(b) Since December 31,
2017, no customer or supplier listed in Schedule 3.32 has been engaged in any dispute with Pipelogic and no such customer
or supplier has terminated its relationship with Pipelogic or materially reduced or changed the pricing or other terms of its
business with Pipelogic and, to the Knowledge of Sellers, no such customer or supplier has otherwise indicated to Pipelogic that
it intends to terminate, limit, reduce or change any terms of its business relations with Pipelogic.

 

3.33 No Other
Representations or Warranties. Except for the representations and warranties contained in this Article III (including
the related portions of the Schedules), neither Sellers nor any other Person has made or makes any other express or implied representation
or warranty, either written or oral, on behalf of Sellers.

 

Article
IV

REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer hereby represents
and warrants to Sellers and Contributee as of the date of this Agreement and again as of the Closing Date as follows:

 

4.1 Organization.
Buyer is an exempted company duly organized, validly existing and in good standing under the laws of the Cayman Islands. Buyer
has delivered to Sellers true and complete copies of the Buyer Organizational Documents, each as amended to date and presently
in effect (collectively, the “Buyer Organizational Documents”).

 

4.2 Qualification;
Power. Except as would not reasonably be expected to materially impair Buyer’s ability to perform its obligations
under each Transaction Document to which Buyer is a party, Buyer is duly qualified to do business and is in good standing in each
jurisdiction in which the nature of the business as now conducted or the character of the property owned or leased by it makes
such qualification necessary. Buyer has all requisite exempted company power and authority to own its properties and assets and
to carry on the business as currently conducted.

 

4.3 Capitalization.
Upon issuance, the Buyer Shares and any other issued and outstanding Interests in Buyer will be duly and validly issued, fully
paid and non-assessable, and free of all Liens other than restrictions imposed by the Transaction Documents and applicable securities
laws.

 

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4.4 Authority;
Enforceability. Buyer has all requisite exempted company power and authority to execute and deliver this Agreement and
any other Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder. The execution
and delivery of this Agreement and the other Transaction Documents to which Buyer is party and the performance of their obligations
contemplated hereby and thereby have been duly and validly approved by all exempted company action necessary on behalf of Buyer.
This Agreement and each of the Transaction Documents to which Buyer is party constitutes the legal, valid and binding obligations
of Buyer, enforceable against Buyer in accordance with their terms, subject to Creditors’ Rights. All other documents required
hereunder to be executed and delivered by Buyer at the Closing have been (or will be) duly authorized, executed and delivered
by Buyer and constitute the legal, valid and binding obligations of Buyer enforceable against Buyer in accordance with their terms,
subject to Creditors’ Rights.

 

4.5 Absence
of Conflicts. Neither the execution and delivery by Buyer of this Agreement or the other Transaction Documents to which
it is a party, nor the consummation of the transactions contemplated hereby and thereby will (a) violate or breach the terms
of, cause a default under, conflict with, result in the acceleration of, create in any party the right to accelerate, terminate,
modify or cancel, require any notice or consent or give rise to any preferential purchase or similar right under (i) any
applicable Legal Requirement, (ii) the Buyer Organizational Documents, or (iii) any material Contract to which Buyer
is a party or by which it, or any of its properties, is bound, (b) result in the creation or imposition of any Lien (other
than a Permitted Lien) on any of Buyer’s material assets or properties, (c) result in the cancellation, forfeiture,
revocation, suspension or adverse modification of any existing consent, approval, authorization, license, permit, certificate
or order of any Governmental Authority, or (d) with the passage of time or the giving of notice or the taking of any action
of any third party have any of the effects set forth in clauses (a), (b) or (c) of this Section 4.5.

 

4.6 Purchase
Entirely for Own Account. This Agreement is made with Buyer in reliance upon Buyer’s representation to Sellers,
which by Buyer’s execution of this Agreement Buyer hereby confirms, that the Pipelogic Membership Interests transferred
and delivered to Buyer pursuant to this Agreement will be acquired for investment for Buyer’s own account, not as a nominee
or agent, and not with a view to the resale or distribution of any part thereof.

 

4.7 Brokers’
Fees. Buyer does not have any liability or obligation to pay any fees or commissions to any broker, finder, or agent with
respect to the transactions contemplated by this Agreement for which Sellers or its Affiliates could become liable or obligated.
Buyer agrees and covenants to pay any fee payable to any of its advisors in connection with the transactions contemplated by this
Agreement.

 

4.8 No Other
Representations or Warranties. Except for the representations and warranties contained in this Article IV (including
the related portions of the Schedules), neither Buyer nor any other Person has made or makes any other express or implied representation
or warranty, either written or oral, on behalf of Buyer.

 

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Article
V

REPRESENTATIONS AND WARRANTIES OF CONTRIBUTEE

 

Contributee hereby
represents and warrants to Sellers and Buyer as of the date of this Agreement and again as of the Closing Date as follows:

 

5.1 Organization.
Contributee is a limited liability company duly organized, validly existing and in good standing under the laws of the State of
Texas. Contributee has delivered to Sellers true and complete copies of the Contributee Organizational Documents, each as amended
to date and presently in effect (collectively, the “Contributee Organizational Documents”).

 

5.2 Qualification;
Power. Except as would not reasonably be expected to materially impair Contributee’s ability to perform its obligations
under each Transaction Document to which Contributee is a party, Contributee is duly qualified to do business and is in good standing
in each jurisdiction in which the nature of the business as now conducted or the character of the property owned or leased by
it makes such qualification necessary. Contributee has all requisite limited liability company power and authority to own its
properties and assets and to carry on the business as currently conducted.

 

5.3 Authority;
Enforceability. Contributee has all requisite limited liability company power and authority to execute and deliver this
Agreement and any other Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder.
The execution and delivery of this Agreement and the other Transaction Documents to which Contributee is party and the performance
of their obligations contemplated hereby and thereby have been duly and validly approved by all limited liability company action
necessary on behalf of Contributee. This Agreement and each of the Transaction Documents to which Contributee is party constitutes
the legal, valid and binding obligations of Contributee, enforceable against Contributee in accordance with their terms, subject
to Creditors’ Rights. All other documents required hereunder to be executed and delivered by Contributee at the Closing
have been (or will be) duly authorized, executed and delivered by Contributee and constitute the legal, valid and binding obligations
of Contributee enforceable against Contributee in accordance with their terms, subject to Creditors’ Rights.

 

5.4 Absence
of Conflicts. Neither the execution and delivery by Contributee of this Agreement or the other Transaction Documents to
which it is a party, nor the consummation of the transactions contemplated hereby and thereby will (a) violate or breach
the terms of, cause a default under, conflict with, result in the acceleration of, create in any party the right to accelerate,
terminate, modify or cancel, require any notice or consent or give rise to any preferential purchase or similar right under (i) any
applicable Legal Requirement, (ii) the Contributee Organizational Documents, or (iii) any material Contract to which
Contributee is a party or by which it, or any of its properties, is bound, (b) result in the creation or imposition of any
Lien (other than a Permitted Lien) on any of Contributee’s material assets or properties, (c) result in the cancellation,
forfeiture, revocation, suspension or adverse modification of any existing consent, approval, authorization, license, permit,
certificate or order of any Governmental Authority, or (d) with the passage of time or the giving of notice or the taking
of any action of any third party have any of the effects set forth in clauses (a), (b) or (c) of this
Section 5.4.

 

5.5 Capitalization.
Upon issuance, the Strike Interests will be duly and validly issued, fully paid and non-assessable, and free of all Liens other
than restrictions imposed by the Company A&R Regulations and applicable securities laws.

 

5.6 Brokers’
Fees. Contributee does not have any liability or obligation to pay any fees or commissions to any broker, finder, or agent
with respect to the transactions contemplated by this Agreement for which Sellers, Buyer or any of their Affiliates could become
liable or obligated. Contributee agrees and covenants to pay any fee payable to any of its advisors in connection with the transactions
contemplated by this Agreement.

 

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5.7 No Other
Representations or Warranties. Except for the representations and warranties contained in this Article V (including
the related portions of the Schedules), neither Contributee nor any other Person has made or makes any other express or implied
representation or warranty, either written or oral, on behalf of Contributee.

 

Article
VI

COVENANTS

 

6.1 Operation
of Business. During the period from the date of this Agreement to the Closing Date or the date, if any, on which this
Agreement is earlier terminated pursuant to Section 9.1 (except (x) as may be required by any Legal Requirement, (y) with
the prior written consent of Buyer and Contributee, which consent shall not be unreasonably withheld, delayed or conditioned or
(z) as contemplated or permitted by this Agreement (including with respect to the Reorganization)), Sellers shall cause (i)
Pipelogic to incur the capital expenditures described in Schedule ‎3.8(s) substantially in accordance with the capital
expenditure forecast for 2018 set forth on Schedule ‎3.8(s) and incur capital expenditures in the Ordinary Course of
Business of Pipelogic for 2019 and (ii) the business of Pipelogic to be conducted only in the Ordinary Course of Business of Pipelogic.
Without limiting the generality of the foregoing, except (1) as may be required by any Legal Requirement, (2) with the prior written
consent of Buyer and Contributee, which consent shall not be unreasonably withheld, delayed or conditioned, (3) as contemplated
or permitted by this Agreement (including with respect to the Reorganization), or (4) as may be required in connection with the
entrance by Pipelogic into an equity joint venture with Pipe Survey International C.V. (provided that the incurrence by
Pipelogic of any liabilities in excess of $100,000, individually or in the aggregate, in connection with such joint venture shall
require the prior written consent of Buyer and Contributee), prior to the Closing Date, Pipelogic will not, and Sellers will cause
Pipelogic not to:

 

(a) (i) sell, mortgage,
pledge, dispose of or place any Lien (other than a Permitted Lien) on any of its assets, except inventory or obsolete or excess
equipment sold in the Ordinary Course of Business of Pipelogic or (ii) acquire any assets except for assets acquired in the Ordinary
Course of Business of Pipelogic;

 

(b) merge or consolidate
with any other Person or acquire or dispose of any Interests or business or assets of any other Person or any other agreement
with respect thereto;

 

(c) issue, sell, pledge,
dispose of, repurchase, redeem, split, combine or reclassify any Interests in Pipelogic or any options, warrants or rights of
any kind to acquire any Interests in Pipelogic;

 

(d)  declare, set aside
or pay any dividend on, or otherwise make any other distribution with respect to, the Interests in Pipelogic;

 

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(e) borrow funds or
enter into any Contract to borrow funds, guarantee or enter into any Contract to maintain the financial position of any Person
or otherwise incur any Debt;

 

(f) enter into or amend
any employment, consulting, change in control, retention, severance or indemnification agreement or an agreement with respect
to a bonus (nor amend any such agreement) with any of its employees or any other Person (either individually or as a part of a
class of similarly situated Persons), nor incur or enter into, or become bound by, any collective bargaining agreement or other
obligation to, or Contract with any, labor union, labor organization or other representative of employees;

 

(g) make any increase
or decrease in compensation to any officer, manager, member, director, employee or contractor, other than in the Ordinary Course
of Business of Pipelogic or as otherwise provided for in any written agreement;

 

(h) make any payment
to any director, officer, member, partner, equityholder, employee, contractor or holder of any Interest in Pipelogic, or any Affiliate
of the foregoing (whether as a loan or otherwise) except regular compensation, bonus, and usual benefits payments, each in the
Ordinary Course of Business of Pipelogic;

 

(i) enter into any Contract
with or relating to any director, officer, member, manager, equityholder, partner, employee of or holder of any Interest in Pipelogic
or any Affiliate of the foregoing other than on an arm’s-length basis;

 

(j) institute any new
severance or termination pay practices with respect to any of its officers, managers, members, directors or employees or to increase
the benefits payable under its severance or termination pay practices except to the extent that any such increase is payable prior
to or concurrently with the Closing;

 

(k) adopt or amend,
in any material respect, except as contemplated hereby or as may be required by applicable Legal Requirements, any Plan;

 

(l) make any change
in any accounting or Tax reporting practice, principles, methods or policies except as required by GAAP;

 

(m) make, change or
rescind any election relating to Taxes, amend any Tax Return, enter into any agreement relating to Taxes, including any closing
agreement or agreement to extend the statute of limitations with respect to Taxes, or settle or compromise any Claim or liability
relating to Taxes;

 

(n) fail to promptly
pay and discharge current liabilities when due and consistent with past practices except where in dispute in good faith by appropriate
proceedings;

 

(o) discharge or satisfy
any Lien or pay any obligation or liability (fixed or contingent), except in the Ordinary Course of Business of Pipelogic;

 

(p) commence, settle,
compromise or otherwise terminate any material Claim or settlement negotiation;

 

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(q) (i) cause, or take
or omit to take any action to allow, any Material Contract or instrument included within the Real Property to lapse (other than
in accordance with its terms) or (ii) other than in the Ordinary Course of Business of Pipelogic, enter into, materially modify,
materially amend or terminate any Material Contract;

 

(r) cause, or take or
omit to take any action to allow, any governmental license, Permit, consent, approval, authorization or qualification of Pipelogic
to lapse that would, individually or in the aggregate, have a Material Adverse Effect;

 

(s) enter into any commitment
for capital expenditures or capital additions or betterments in excess of $50,000 individually or $100,000 in the aggregate;

 

(t) (i) grant any license
or sublicense of any rights under or with respect to any Pipelogic Intellectual Property except non-exclusive licenses granted
in the Ordinary Course of Business of Pipelogic involving less than $25,000 in consideration, (ii) transfer, sell, assign, permit
to lapse, abandon, or otherwise dispose of any Pipelogic Intellectual Property;

 

(u) adopt a plan of
complete or partial liquidation, dissolution, restructuring, recapitalization or other reorganization;

 

(v) make any assignment
for the benefit of creditors, or take any action to commence voluntary proceedings under any Legal Requirement, or take any action
in respect of any bankruptcy proceeding filed against Pipelogic, or seek, consent to, or acquiesce in the appointment of any custodian,
receiver, liquidator, trustee or assignee in bankruptcy or similar insolvency proceeding related to Pipelogic; or

 

(w) agree to do anything
prohibited by this Section 6.1.

 

6.2 Releases
and Termination. Effective upon the Closing Date, each Seller hereby releases and discharges Pipelogic and its Affiliates
(not inclusive of Buyer) and their respective directors, officers, partners, members, equityholders, employees, agents, consultants,
attorneys, representatives, successors, transferees and assignees (collectively, the “Released Parties”)
from any and all obligations (including indemnification obligations) and Claims, known and unknown, that have accrued or may accrue
and that relate to acts or omissions prior to the Closing Date, including any and all Damages, whether such obligations, Claims
or Damages arise in tort, contract or statute, including obligations, Claims or Damages (a) arising under each Released Party’s
Organizational Documents, any Contract or applicable Legal Requirement and (b) relating to actions or omissions of any Released
Party, including those committed while serving in their capacity as directors, officers, partners, members, equityholders, employees,
agents, consultants, attorneys, representatives or similar capacities, and including in each case any and all Claims that such
Seller does not know or suspect to exist in its favor as of the Closing Date. Notwithstanding the foregoing, the released Claims
shall not include, and such Seller does not hereby release the Released Parties from, (i) any Claims arising under this Agreement;
(ii) any Claims arising under or related to any agreement entered into by such Seller and Buyer on or after the date hereof
relating to the equity securities of Buyer; or (iii) any Claims brought by such Seller for indemnification as an officer
or director of Pipelogic for any period prior to Closing. Effective upon the Closing Date, each Seller hereby (i) waives
any preferential purchase right, right of first refusal, right of first offer, buy-sell right, tag-along right, drag-along right,
preemptive right, registration right or other right that would interfere with the consummation of the transactions contemplated
by this Agreement or any future transfers of any Interest in Pipelogic, including all such rights arising under any provision
of the Pipelogic Organizational Documents and (ii) agrees that the transfers of the Pipelogic Membership Interests contemplated
by this Agreement are not void or voidable by reason of any restriction set forth in the Pipelogic Organizational Documents. THE
RELEASES SET FORTH IN THIS SECTION 6.2 APPLY TO ALL CLAIMS, AND EACH SELLER AGREES TO WAIVE THE BENEFITS OF ANY LAW
(INCLUDING PRINCIPLES OF COMMON LAW) OF ANY STATE OR TERRITORY OR OTHER JURISDICTION OF THE UNITED STATES OR OF ANY JURISDICTION
OUTSIDE OF THE UNITED STATES THAT PROVIDES THAT A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT A CREDITOR DOES NOT KNOW OR SUSPECT
TO EXIST IN THE CREDITOR’S FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY THE CREDITOR MUST HAVE MATERIALLY
AFFECTED SUCH CREDITOR’S SETTLEMENT WITH A DEBTOR. If the Closing does not occur, the releases contemplated by this Section
6.2 shall be deemed null and void and of no further force or effect.

 

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6.3 Use of Name.
From and after the Closing Date, neither Sellers nor any of their respective Affiliates will directly or indirectly use in connection
with any business activities (other than on behalf of Buyer or its Affiliates), any trade name, trademark, service mark or logo
used by Pipelogic or any word, logo, expression, including the name “Pipelogic,” or other identifier of source that
is confusingly similar thereto or constituting an abbreviation, derivation or extension thereof (the “Pipelogic Marks”).
Within thirty (30) days following the Closing Date, Sellers shall, and shall cause their respective Affiliates to (a) remove,
or cause to be removed, all such names, marks or logos from wherever they may appear on Sellers’ assets, including disposal
of any unused stationery and literature of Sellers bearing the Pipelogic Marks and (b) amend the Organizational Documents
of any Affiliate of any Seller bearing “Pipelogic” or any abbreviation, derivation or extension thereof in such Affiliate’s
legal or business name (including “doing business as” or “DBA”) to a name that does not include the name
“Pipelogic” or any abbreviation, derivation or extension thereof.

 

6.4 Further
Assurances. Each Party hereto will, at the request of any other Party hereto, take such further actions as are requested
and execute any additional documents, instruments or conveyances of any kind which may be reasonably necessary to further effect
the transactions contemplated by this Agreement.

 

6.5 Confidentiality.

 

(a) Sellers agree that
after the Closing Date any facts, information, know-how, processes, trade secrets, customer lists or confidential matters that
relate in any way to the Pipelogic Business or Pipelogic shall be maintained in confidence and shall not be divulged by Sellers
or their respective Affiliates to any party (other than on behalf of Buyer or Contributee or any of their Affiliates) unless and
until they shall become public knowledge (other than by disclosure in breach of this Section 6.5) or as required by
applicable Legal Requirements, including applicable securities laws and regulations; provided that before Sellers or any
of their respective Affiliates disclose any of the foregoing as may be required by applicable Legal Requirements, such Person
shall give Buyer or Contributee, as applicable, reasonable advance notice and take such reasonable actions as Buyer or Contributee,
as applicable, may propose to minimize the required disclosure.

 

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(b) Notwithstanding
the foregoing, nothing herein shall prevent Sellers from making a good faith report of possible violations of applicable Legal
Requirements to any governmental agency or entity or making disclosures that are protected under the whistleblower provisions
of applicable Legal Requirements, and Sellers shall not be held criminally or civilly liable under any federal or state trade
secret law for the disclosure of a trade secret that is: (1) made (x) in confidence to a federal, state or local government
official, either directly or indirectly, or to an attorney, and (y) solely for the purpose of reporting or investigating a suspected
violation of law; (2) made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under
seal; or (3) protected under the whistleblower provisions of applicable Legal Requirements.

 

6.6 Transfer
Taxes.

 

(a) To the extent that
any transfer, sales, use, excise, real property transfer or gain, gross receipts, goods and services, purchase, documentary, stamp,
registration, retailer occupation or other similar Taxes (“Transfer Taxes”) arise by reason of the consummation
of the transactions contemplated by this Agreement, such Transfer Taxes shall be borne and timely paid by Sellers. The Parties
shall reasonably cooperate in good faith to minimize, to the extent permissible under applicable Legal Requirements, the amount
of any such Transfer Taxes. Each Party will provide and make available to each other Party any resale certificates and other exemption
certificates or information reasonably requested by such other Party.

 

(b) Any Tax Return that
must be filed with respect to Transfer Taxes shall be prepared and filed when due by the Party primarily or customarily responsible
under the applicable local Legal Requirements for the filing of such Tax Returns, and such Party will use its commercially reasonable
efforts to provide drafts of such Tax Returns to the other Party at least ten (10) days prior to the expected filing date for
such Tax Returns. Each Seller will provide Buyer with written evidence of its remittance of applicable Transfer Taxes. To the
extent Transfer Taxes are actually collected from Buyer or its Affiliates, Sellers agree to remit to Buyer upon demand an amount
in cash equal to such amount.

 

6.7 Tax Returns;
Liability for Taxes; Other Tax Matters.

 

(a) Pre-Closing Tax
Returns. Sellers will cause to be prepared each Tax Return of Pipelogic for a Pre-Closing Tax Period that is required to be
filed by Pipelogic after the Closing Date (each, a “Pre-Closing Tax Return”). Such Tax Returns shall
be prepared on a basis consistent with past practice except to the extent otherwise required by applicable Legal Requirements.
At least thirty (30) days (or such shorter period as required to timely file such Tax Returns) prior to the due date for filing
such Pre-Closing Tax Return, Sellers will deliver a copy of such Pre-Closing Tax Return, together with all supporting documentation
and workpapers, to Buyer for its review and comment. Sellers will revise such Pre-Closing Tax Return to reflect any reasonable
comments received from Buyer and, not later than five (5) days prior to the due date for filing such Pre-Closing Tax Return, will
provide such revised Pre-Closing Tax Return to Buyer (executed, as may be required, by any present or former authorized owners
or officers of Pipelogic) for filing by Buyer with the appropriate Governmental Authority. Not later than five (5) days prior
to the due date for payment of Taxes with respect to such Pre-Closing Tax Return, Sellers will pay to (or at the direction of)
Buyer the amount of any Seller Taxes with respect to such Pre-Closing Tax Return.

 

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(b) Straddle Period
Tax Returns. Buyer will prepare or cause to be prepared each Tax Return of Pipelogic for a Straddle Period (each, a “Straddle
Tax Return”). Not later than thirty (30) days (or such shorter period as required to timely file such Tax Returns)
prior to the due date for filing such Straddle Tax Return, Buyer will deliver a copy of such Straddle Tax Return (other than Tax
Returns relating to sales, use, payroll, or other Taxes that are required to be filed contemporaneously with, or promptly after,
the close of a taxable period, in each case a copy of which shall be provided to Sellers by Buyer upon Sellers’ written
request), together with all supporting documentation and workpapers, to Sellers for its review and comment. Buyer will cause such
Straddle Tax Return (as revised to incorporate Sellers’ reasonable comments) to be filed timely with the appropriate Governmental
Authority and will provide a copy to Sellers. Not later than five (5) days prior to the due date for payment of Taxes with respect
to such Straddle Tax Return, Sellers will pay to (or at the direction of) Buyer the amount of any Seller Taxes with respect to
such Straddle Tax Return.

 

(c) Proration of
Straddle Period Taxes. In the case of Taxes that are payable with respect to any Straddle Period, the portion of any such
Taxes that is attributable to the portion of such Straddle Period ending on the Closing Date shall be:

 

(i) in the case of
Taxes that are imposed on a periodic basis with respect to assets or capital, deemed to be the amount of such Taxes for the entire
Straddle Period (or, in the case of such Taxes determined on an arrears basis, the amount of such Taxes for the immediately preceding
period), multiplied by a fraction the numerator of which is the number of calendar days in the portion of the period ending
on and including the Closing Date and the denominator of which is the number of calendar days in the entire period; and

 

(ii) in the case of
all other Taxes, deemed equal to the amount which would be payable if the relevant Straddle Period ended on and included the Closing
Date; provided that exemptions, allowances, or deductions that are calculated on an annual basis (including depreciation
and amortization deductions) shall be allocated between the portion of the Straddle Period ending on and including the Closing
Date and the portion of the Straddle Period beginning after the Closing Date in proportion to the number of days in each period.

 

6.8 Cooperation
on Tax Matters. Buyer and Sellers will cooperate fully as and to the extent reasonably requested by another Party in connection
with the filing of Tax Returns and any audit, litigation, or other proceeding with respect to Taxes imposed on or with respect
to the assets, operations or activities of Pipelogic (each a “Tax Proceeding”). Subject to Section
6.9, such cooperation will include the retention and (upon the other Party’s request) the provision of records and information
which are reasonably relevant to any such Tax Proceeding. Notwithstanding the above, the control and conduct of any Tax Proceeding
that is a Third-Party Claim shall be governed by Article VIII. Any information obtained by a Party or its Affiliates from
another Party or its Affiliates in connection with any Tax matters to which this Agreement applies shall be kept confidential,
except as may be otherwise necessary in connection with the filing of Tax Returns or claims for refund or in conducting an audit
or other proceeding, or as may otherwise be necessary to enforce the provisions of this Agreement.

 

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6.9 Books and
Records. Sellers acknowledge and agree that from and after the Closing, Buyer and Contributee will be entitled to the
originals of all Books and Records; provided, however, that for a period of seven (7) years following the Closing,
Sellers shall have the right to make and retain copies of the Books and Records. Sellers will promptly deliver to Buyer and Contributee
such originals or copies of all Books and Records and will cooperate with Buyer and Contributee in the preparation and/or audit
of historical financial statements for the Pipelogic Business for such periods as may be reasonably requested by Buyer and Contributee.
Buyer and Contributee shall cooperate in all reasonable respects with Sellers and will make available to it, during normal business
hours, the Books and Records which relate to the period preceding the Closing Date and which are necessary or useful in connection
with any third-party tax inquiry, audit or similar investigation or any dispute or litigation; provided, however,
that prior to receiving access to any of the Books and Records, Sellers shall enter into a customary confidentiality agreement
binding on it and any other person to whom the information may be disclosed; and provided further, however, that
Buyer and Contributee shall be entitled to destroy Books and Records in accordance with a customary document retention policy.

 

6.10 Publicity.
Except as required by a court of competent jurisdiction, applicable Legal Requirements, including applicable securities laws and
regulations, or applicable rules and regulations of any stock exchange upon which the securities of a Party are listed or for
disclosures required to be made in the financial statements of Buyer, Contributee or any of their Affiliates or in offering documents,
none of the Parties hereto nor any of their respective Affiliates shall, without the prior consent of the other Parties (which
shall not be unreasonably withheld), make any statement or any public announcement or press release with respect to the transactions
contemplated by this Agreement. The obligations of the Parties under this Section 6.10 shall not preclude a Party
or its Affiliates from disclosing information to their respective investors, employees, beneficial owners or representatives or
as such Party or its Affiliates reasonably deem to be appropriate in connection with fund raising, financing and marketing activities
undertaken by such Party or its Affiliates (provided that the receiving parties are advised of the confidential nature
thereof and agree to hold such information confidential in accordance with the foregoing).

 

6.11 Exculpation
Among Buyer and Contributee Equityholders. Each Seller acknowledges that it is not relying upon any equityholder of Buyer
or Contributee, or any officer, director, partner, member, equityholder, employee, agent, manager or Affiliate of any such equityholder,
in making its investment or decision to invest in Buyer or in monitoring such investment.

 

6.12 Reasonable
Access.

 

(a) From the date of
this Agreement until the Closing or the earlier termination of this Agreement pursuant to Article IX, subject to applicable
Legal Requirements, Sellers shall give, and shall cause Pipelogic to give, Buyer, Contributee and their respective representatives
upon reasonable advance written notice to Sellers or Pipelogic or their respective representatives access during reasonable times
to the assets, facilities, properties, books, records, agreements and financial, operating and other data of Pipelogic and the
Pipelogic Business and such other relevant information and materials as may be reasonably requested (including the ability to
make copies and abstracts thereof, at Buyer’s or Contributee’s, as applicable, sole cost and expense) so that Buyer
or Contributee, as applicable, may make such inspections (but excluding sampling or testing of the environment without Sellers’
prior written consent) thereof as Buyer or Contributee, as applicable, may reasonably require.

 

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(b) Any information
provided to or obtained by Buyer, Contributee or their respective representatives pursuant to Section 6.12(a) will be treated
as if it were “Evaluation Material” (as defined in that certain letter agreement, dated April 3, 2018, entered into
by Buyer for the benefit of Strike Capital (the “Confidentiality Agreement”)), and Buyer and Contributee
shall be deemed to have the obligations with respect thereto that Buyer has with respect to Evaluation Material under the Confidentiality
Agreement.

 

(c) Each of Sellers,
Buyer and Contributee agrees to be bound by and comply with the provisions set forth in the Confidentiality Agreement as if each
were a party to the Confidentiality Agreement and as if such provisions were set forth herein, and such provisions are hereby
incorporated herein by reference.

 

6.13 Notice
of Events. Prior to the Closing, each Party shall reasonably promptly notify each other Party in writing of (a) the occurrence
or non-occurrence of any event or the existence of any fact or condition that would cause any condition set forth in Section
2.5(a), Section 2.5(c) or Section 2.5(d), as applicable, to not be satisfied, (b) any Claims in connection with
the transactions contemplated by this Agreement commenced or threatened against Contributee, Buyer, any Seller or Pipelogic, as
the case may be, or (c) any written notice or other written material communication from any Governmental Authority in connection
with the transactions contemplated by this Agreement; provided, that a Party’s good-faith failure to comply with
this Section 6.13 shall not provide any other Party the right to terminate this Agreement or to abandon the transactions
contemplated by this Agreement.

 

6.14 Further
Action. Subject to the terms and conditions herein provided, during the period from the date of this Agreement through
the Closing or the earlier valid termination of this Agreement pursuant to Article IX, each of the Parties shall execute
and deliver such documents and take such further actions as may be reasonably necessary or desirable to carry out the provisions
hereof and the transactions contemplated by this Agreement. Upon the terms and subject to the conditions hereof, each of the Parties
shall use commercially reasonable efforts under the circumstances including by taking, or causing to be taken, all actions and
to do, or cause to be done, all other things necessary, proper or advisable to consummate and make effective the transactions
contemplated by this Agreement, including using commercially reasonable efforts to (a) obtain all necessary consents from any
Person, including Governmental Authorities, and making of all filings and the taking of all steps as may be necessary to obtain
such consents or to avoid a Claim by any Governmental Authority, (b) defend any Claim, whether judicial or administrative, challenging
this Agreement or the consummation of the transactions contemplated by this Agreement, including seeking to have any stay or temporary
restraining order entered by any court or other Governmental Authority vacated or reversed and (c) fulfill all conditions to the
consummation of the transactions contemplated by this Agreement. In furtherance of and without limiting the foregoing, Sellers
shall and shall cause Pipelogic to provide all reasonable assistance requested by Buyer or Contributee in connection with preparing
any regulatory filings required under the Transaction Agreement, responding to requests for additional information in connection
therewith, effecting the termination of any required waiting period and obtaining any required approval or consent.

 

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6.15 Termination
of Agreements. Except as set forth on Schedule 6.15, effective upon the Closing, Sellers shall, and shall cause
Pipelogic to, terminate the Contracts with Affiliates set forth in (or required to be set forth in) Schedule 3.9, and shall,
prior to the Closing, provide evidence of such termination to Buyer and Contributee in form and substance reasonably satisfactory
to Buyer and Contributee. None of Buyer, Contributee or Pipelogic will have any liability after the Closing with respect to any
such Contracts.

 

6.16 Revised
Transaction Structure. The Parties shall, at Sellers’ option, consummate a revised transaction structure whereby
the Pipelogic Membership Interests are conveyed to a newly-formed subsidiary of Buyer that is taxed as a partnership in exchange
for interests in such subsidiary, such that Sellers and their Affiliates would receive the same economic and other benefits provided
to the Unit Sellers in the Tax Receivable Agreement, the Company A&R Regulations and the Exchange Agreement (as such terms
are defined in the Transaction Agreement); provided that (a) such revised transaction structure shall be effected in a
manner so as to minimize any applicable Taxes to the Parties and (b) prior written consent of Buyer and Contributee shall be required
if such revised transaction structure would result in any Tax consequences adverse to the Unit Sellers relative to not effecting
such revised transaction structure.

 

Article
VII

CLOSING; CLOSING DELIVERIES

 

7.1 Closing.
The closing of the transactions contemplated by this Agreement (the “Closing”) shall take place remotely
via electronic exchange of documents and signatures, on the date on which all conditions set forth in Section 2.4 (other
than those conditions that by their nature are to be satisfied at the Closing but subject to the fulfilment or waiver of those
conditions) shall have been satisfied or waived and immediately concurrently with and subject to the consummation of the transactions
contemplated by the Transaction Agreement, or on such other date and at such other time and place as the Parties may hereafter
mutually agree upon in writing (the “Closing Date”).

 

7.2 Seller Deliveries.
At or prior to the Closing, Sellers shall deliver or cause to be delivered to Buyer or Contributee, as applicable:

 

(a) Assignment of
Pipelogic Membership Interests to Buyer. (i) a counterpart of an assignment (the “Sentinel Assignment Agreement”)
in a form mutually agreeable to the Parties evidencing the assignment and transfer to Buyer of Invacor’s portion of the
Pipelogic Membership Interests, duly executed by Invacor and (ii) documentation and evidence reasonably satisfactory to Buyer
and Contributee evidencing the assignment and transfer to Buyer of the Pipelogic Membership Interests not contributed to Buyer
pursuant to the Sentinel Assignment Agreement;

 

(b) Public Certificates.
A certificate of existence and good standing for Pipelogic issued by the Texas Comptroller of Public Accounts and dated as of
a recent date;

 

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(c) Internal Assignments.
Evidence that Pipelogic shall have caused the assignment to Pipelogic of those certain assets and contracts set forth in Schedule
7.2(c);

 

(d) Forms W-9.
IRS Form W-9s for and duly executed by each Seller;

 

(e) FIRPTA Certifications.
A Certification of non-foreign status executed by Invacor in the form prescribed by Treasury Regulations § 1.1445-2(b)(2);

 

(f) Closing Certificate
to Buyer. A certificate to Buyer, dated as of the Closing Date, certifying on behalf of Sellers that the conditions set forth
in Sections 2.5(b)(ii), (iv), (v) and (vi) have been satisfied.

 

(g) Closing Certificate
to Contributee. A certificate to Contributee, dated as of the Closing Date, certifying on behalf of Sellers that the conditions
set forth in Sections 2.5(d)(ii), (iv), (v) and (vi) have been satisfied.

 

(h) Pledge Agreements.
A counterpart duly executed by each Seller of a pledge agreement in the form attached hereto as Exhibit C (the “Pledge
Agreements”); and

 

(i) Other Documents.
All other documents reasonably requested by Buyer or Contributee to be delivered by Sellers in connection with the consummation
of the transactions contemplated by this Agreement.

 

7.3 Buyer Deliveries.
At the Closing, Buyer shall deliver or cause to be delivered to Sellers or Contributee, as applicable:

 

(a) Assignment of
Pipelogic Membership Interests to Buyer. A counterpart of the Sentinel Assignment Agreement, duly executed by Buyer;

 

(b) Assignment of
Pipelogic Membership Interests to Contributee. A counterpart of an assignment (the “Strike Assignment Agreement”)
in a form mutually agreeable to the Parties evidencing the assignment and transfer to Contributee of the Pipelogic Membership
Interests, duly executed by Buyer;

 

(c) Pledge Agreements.
A counterpart of each Pledge Agreement, duly executed by Buyer;

 

(d) Form W-9.
IRS Form W-9 for and duly executed by Buyer;

 

(e) FIRPTA Certification.
A Certification of non-foreign status executed by Buyer in the form prescribed by Treasury Regulations § 1.1445-2(b)(2);

 

(f) Closing Certificate
to Sellers. A certificate to Sellers, dated as of the Closing Date, certifying on behalf of Buyer that the conditions set
forth in Sections 2.5(c)(ii), (iv) and (v) have been satisfied;

 

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(g) Closing Certificate
to Contributee. A certificate to Contributee, dated as of the Closing Date, certifying on behalf of Buyer that the conditions
set forth in Sections 2.5(d)(iii), (iv), (v) and (vi) have been satisfied; and

 

(h) Other Documents.
All other documents reasonably requested by Sellers or Contributee to be delivered by Buyer in connection with the consummation
of the transactions contemplated by this Agreement.

 

7.4 Contributee
Deliveries. At the Closing, Contributee shall deliver or cause to be delivered to Sellers or Buyer, as applicable:

 

(a) Assignment of
Pipelogic Membership Interests to Contributee. A counterpart of the Strike Assignment Agreement, duly executed by Contributee;

 

(b) Pledge Agreements.
Counterparts of the Pledge Agreements, duly executed by Strike Capital;

 

(c) Closing Certificate
to Sellers. A certificate to Sellers, dated as of the Closing Date, certifying on behalf of Contributee that the conditions
set forth in Sections 2.5(c)(iii), (iv) and (v) have been satisfied; and

 

(d) Closing Certificate
to Buyer. A certificate to Buyer, dated as of the Closing Date, certifying on behalf of Contributee that the conditions set
forth in Sections 2.5(b)(iii), (iv) and (v) have been satisfied.

 

Article
VIII

INDEMNIFICATION

 

8.1 Indemnities
of Sellers.

 

(a) Seller Indemnified
Liabilities. Subject to the provisions of this Article VIII, from and after the Closing, Sellers shall jointly and
severally indemnify, defend and hold harmless Contributee or any of its Affiliates (including, without limitation, Buyer), and
their respective directors, stockholders, officers, partners, employees, agents, consultants, attorneys, representatives, successors,
transferees and assignees (each, a “Contributee Indemnified Party” and, collectively, the “Contributee
Indemnified Parties”) from, against and in respect of any Damages or Claims that arise out of, relate to or result
from any of the following described matters (herein collectively referred to as the “Seller Indemnified Liabilities,”
and individually as a “Seller Indemnified Liability”): (i) any representation or warranty made
by any Seller in this Agreement or the other Transaction Documents not having been true and correct as of the Closing Date (provided
that (A) the text of any representation or warranty that refers to a specific date shall be deemed to continue to refer to
such date and (B) any qualification as to materiality or Material Adverse Effect shall be disregarded); (ii) any breach by
any Seller of any covenant or obligation of it in this Agreement; (iii) any Seller Taxes and (iv) any Pre-Closing Liability.

 

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(b) Deductibles.
Notwithstanding anything to the contrary in Section 8.1(a), in no event shall any amount be recovered from Sellers
for any Seller Indemnified Liability resulting from matters described in Section 8.1(a)(i), unless such Seller Indemnified
Liability or series of related Seller Indemnified Liabilities exceeds $15,000 (the “De Minimis Amount”)
and until the aggregate amount of all Seller Indemnified Liabilities incurred by the Contributee Indemnified Parties, as applicable,
resulting from matters described in Section 8.1(a) exceeds on an aggregate basis $100,000 (the “Deductible”),
in which event Sellers will be obligated, subject to the other provisions of this Agreement, to indemnify the Contributee Indemnified
Parties, as applicable, for the entire amount of such Seller Indemnified Liability; provided, however, that Sellers’
liability for any Seller Indemnified Liability will not be limited as set forth in this Section 8.1(b) if such Seller
Indemnified Liability (i) relates to a breach of any representation or warranty contained in Sections 3.1, 3.2,
3.3, 3.4, 3.6, 3.15, 3.24, 3.25, 3.26 or 3.30 (collectively, the “Seller
Fundamental Representations”) or in Section 3.20 or (ii) arises pursuant to Section 8.1(a)(ii),
Section 8.1(a)(iii) or Section 8.1(a)(iv).

 

(c) Time Limitations.
Notwithstanding anything to the contrary in this Agreement, in no event shall any of the Contributee Indemnified Parties, as applicable,
be permitted to make any Claim under Section 8.1(a) unless such Claim is first made on or prior to the eighteen (18)
month anniversary of the Closing Date; provided, however, that such eighteen (18) month survival period shall not
apply to (i) any Claim under Section 8.1(a)(i) relating to the breach of any representation or warranty contained
in the Seller Fundamental Representations or in Section 3.20 or any Claim under Section 8.1(a)(iii) (which
Claim, in any such case, must be asserted on or before the date which is ninety (90) days after the expiration of the applicable
statute of limitations); (ii) any Claim under Section 8.1(a)(ii) with respect to a breach any covenant or agreement
required to be performed prior to or at the Closing (which Claim must be asserted on or before the date which is nine (9) months
after the Closing Date); (iii) any Claim under Section 8.1(a)(ii) with respect to a breach any covenant or agreement
required to be performed following the Closing (which Claim must be asserted on or before the date which is ninety (90) days after
the expiration of the time of performance of such covenant or obligation); or (iv) any Claim under Section 8.1(a)(iv)
(which Claim must be asserted on or before the third anniversary of the Closing Date).

 

(d) Caps. In
no event will Sellers be required to make payments in respect of Seller Indemnified Liabilities pursuant to Section 8.1(a)(i)
that exceed in the aggregate fifteen percent (15%) of the Purchase Price allocated to Sellers pursuant to Section 2.3
of this Agreement; provided, however, that Sellers’ liability for any Seller Indemnified Liabilities will
not be limited as set forth in this Section 8.1(d) for any breach of any of the Seller Fundamental Representations
or any of the representations or warranties in Section 3.20, for any Seller Taxes or for any Pre-Closing Liabilities;
further provided that in no event will Sellers be required to make payments in respect of any breach of any of the Seller
Fundamental Representations that exceed in the aggregate the Purchase Price.

 

(e) Fraud. None
of the limitations set forth in Section 8.1(b), 8.1(c) or 8.1(d) shall apply with respect to any Claim
by a Contributee Indemnified Party that is determined to be the result of actual fraud or criminal conduct by Sellers.

 

(f) Contributee’s
Knowledge. The knowledge of Contributee or any other Contributee Indemnified Party obtained prior to the date of this Agreement
or prior to the Closing shall not affect any Contributee Indemnified Party’s ability to recover indemnification from Sellers
pursuant to this Article VIII.

 

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(g) CSL Energy Holdings.
Notwithstanding anything to the contrary in this Agreement, except in the case of fraud, the sole and exclusive remedy of any
Contributee Indemnified Party against CSL Energy Holdings pursuant to or in any way arising out of this Agreement shall be the
recovery of the Buyer Shares held by CSL Energy Holdings and obtained pursuant to this Agreement (it being understood that in
no circumstance shall CSL Energy Holdings be liable for or required to deliver any other cash amounts or assets in connection
with this Agreement).

 

8.2 Indemnities
of Buyer.

 

(a) Buyer Indemnified
Liabilities. Subject to the provisions of this Article VIII, from and after the Closing, Buyer shall indemnify, defend
and hold harmless (x) Sellers, Sellers’ Affiliates, and their respective directors, stockholders, officers, partners, employees,
agents, consultants, attorneys, representatives, successors, transferees and assignees (collectively, the “Seller
Indemnified Parties”) and (y) the Contributee Indemnified Parties from, against and in respect of any Damages or
Claims that arise out of, relate to or result from any of the following described matters (herein collectively referred to as
the “Buyer Indemnified Liabilities”): (i) any representation or warranty made by Buyer in this
Agreement or the other Transaction Documents not having been true and correct as of the Closing Date (provided that (A)
the text of any representation or warranty that refers to a specific date shall be deemed to continue to refer to such date and
(B) any qualification as to materiality shall be disregarded) and (ii) any breach by Buyer of any covenant or obligation
of Buyer in this Agreement.

 

(b) Cap. Notwithstanding
anything to the contrary in Section 8.2, in no event shall Buyer be required to make payments pursuant to Section 8.2(a)(i)
that exceed in the aggregate the Purchase Price.

 

8.3 Indemnities
of Contributee.

 

(a) Contributee Indemnified
Liabilities. Subject to the provisions of this Article VIII, from and after the Closing, Contributee shall indemnify,
defend and hold harmless (x) the Seller Indemnified Parties and (y) Buyer, Buyer’s Affiliates (other than Contributee),
and their respective directors, stockholders, officers, partners, employees, agents, consultants, attorneys, representatives,
successors, transferees and assignees from, against and in respect of any Damages or Claims that arise out of, relate to or result
from any of the following described matters (herein collectively referred to as the “Contributee Indemnified Liabilities”):
(i) any representation or warranty made by Contributee in this Agreement or the other Transaction Documents not having been
true and correct as of the Closing Date (provided that (A) the text of any representation or warranty that refers to a
specific date shall be deemed to continue to refer to such date and (B) any qualification as to materiality shall be disregarded)
and (ii) any breach by Contributee of any covenant or obligation of Contributee in this Agreement.

 

(b) Cap. Notwithstanding
anything to the contrary in Section 8.1, in no event shall Contributee be required to make payments pursuant to Section 8.3(a)(i)
that exceed in the aggregate the Purchase Price.

 

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8.4 Claim Procedures.
Each party that desires to make a Claim for indemnification pursuant to this Article VIII (an “Indemnified
Party”) shall provide notice (a “Claim Notice”) thereof in writing to Buyer (if the Indemnified
Party is seeking indemnification pursuant to Section 8.2), to Sellers (if the Indemnified Party is seeking indemnification
pursuant to Section 8.1) or to Contributee (if the Indemnified Party is seeking indemnification pursuant to Section
8.3) (“Indemnifying Party”), specifying the nature and basis for such claim and a copy of all papers
served with respect to such claim (if any). For purposes of this Section 8.4, receipt by a party of written notice
of any Third-Party Claim which gives rise to a Claim on behalf of such party shall require prompt delivery of a Claim Notice to
the Indemnifying Party of the receipt of such Third-Party Claim; provided, however, that an Indemnified Party’s
failure to send or delay in sending a Claim Notice shall not relieve an Indemnifying Party from liability hereunder with respect
to such Claim except to the extent and only to the extent the Indemnifying Party is materially prejudiced by such failure or delay.

 

8.5 Calculation,
Timing, Manner and Characterization of Indemnification Payments.

 

(a) Payments of all
amounts owing by an Indemnifying Party as a result of a Third-Party Claim shall be made as and when damages with respect thereto
are incurred by the Indemnified Party and within five (5) Business Days after the Indemnified Party makes demand therefor to the
Indemnifying Party. Payments of all amounts owing by an Indemnifying Party other than as a result of a Third-Party Claim shall
be made within five (5) Business Days after the later of (i) the date the Indemnifying Party is deemed liable therefor pursuant
to this Article VIII or (ii) if disputed, the date of the adjudication of the Indemnifying Party’s liability
to the Indemnified Party under this Agreement. All amounts due and payable hereunder (A) with respect to a Third-Party Claim,
shall bear interest at the Past Due Rate from the date due and payable hereunder until the date paid and (B) with respect
to a claim other than a Third-Party Claim, shall bear interest at the Past Due Rate from the date the Indemnified Party suffers
the damages until the date paid.

 

(b) Any indemnity payments
made hereunder shall be treated for all Tax purposes as an adjustment to the Purchase Price unless otherwise required by applicable
Legal Requirements following a Final Determination.

 

8.6 Recovery.
In the event Damages suffered by any Indemnified Party are recoverable under more than one provision of this Agreement and even
though an Indemnified Party is permitted to rely on each provision of Article VIII independently (as contemplated in Section 8.9),
such Indemnified Party shall only be permitted to recover with respect to any particular Damages suffered by it one time as it
is the Parties’ intent that once any particular Damages have been recovered by a particular Indemnified Party under one
provision, such Damages no longer exist with respect to such Indemnified Party and, therefore, recovery by such particular Indemnified
Party for such same Damages under another provision would constitute an unintended and prohibited “double” recovery.
Notwithstanding the foregoing, an Indemnified Party shall be entitled to seek recovery under such provisions of this Agreement
that maximizes its recovery (e.g., if particular Damages would be subject to the Deductible if a Claim were made under
one provision but would not be subject to the Deductible if made under another provision, or if Damages would be time barred under
Section 8.1(c) if a Claim were made under one provision but would not be time barred if made under another provision
or if Damages would not be recoverable under Section 8.1(a)(i) as a result of a limitation of a representation or
warranty to the Knowledge of Sellers but would be recoverable under the indemnification included in Section 8.1(a)(iii),
then the Indemnified Party may seek recovery under the provision that is not subject to the Deductible or is not time barred or
not subject to the knowledge qualification).

 

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8.7 Offset Rights
and Limitations.

 

(a) If any amounts are
owing to any Contributee Indemnified Party from a Seller in accordance with this Agreement and such amounts are not paid to such
Contributee Indemnified Party within the appropriate time period specified in this Agreement, then, in each case, such Contributee
Indemnified Party may elect to (but will not be required to elect), if agreed upon by Contributee, pursue remedies directly against
such Seller, and may offset any amounts finally determined in accordance with this Agreement as owing by such Seller to such Contributee
Indemnified Party against any Buyer Shares held by such Seller on a dollar for dollar basis pursuant to the terms of this Section
8.7 and the Pledge Agreements.

 

(b) If any Contributee
Indemnified Party chooses to offset any amounts finally determined in accordance with this Agreement as owing by a Seller to such
Contributee Indemnified Party against the Buyer Shares in accordance with Section 8.7(a), such Contributee Indemnified
Party will give notice in accordance with Section 10.2 to such Seller of its decision. Such Seller will then have a period
of fifteen (15) days following receipt of such notice in which to elect to pay such Contributee Indemnified Party in cash
the amounts for which such Seller is liable. If such Seller does not pay such amounts in cash within such 15-day period, Contributee
will be permitted to have forfeited and cancelled, at the end of such 15-day period, Buyer Shares owned by such Seller having
a fair market value (as reasonably determined by Buyer in its sole discretion) equal to the amounts owed by such Seller to such
Contributee Indemnified Party. Each Seller hereby grants Contributee a limited power of attorney to execute and deliver appropriate
documentation on such Seller’s behalf for such purpose.

 

8.8 Survival.
Except to the extent expressly limited by this Agreement, the representations, warranties, and indemnities set forth in this Article
VIII shall survive the Closing and delivery of the Transaction Documents in accordance with their respective terms.

 

8.9 Reliance.
The Parties acknowledge and agree that any of the subsections of Section 8.1 may be relied upon independently of and
without regard to any other of such subsections more specifically or generally covering the same subject matter and without regard
to the knowledge of any party entitled to the benefits of the provisions of Article VIII.

 

8.10 Control
of Third-Party Claims.

 

(a) In the event of
the assertion of any Third-Party Claim, the Indemnifying Party, at its option, may assume (with legal counsel reasonably acceptable
to the Indemnified Party) at its sole cost and expense the defense of such Third-Party Claim if it acknowledges to the Indemnified
Party in writing its obligations to indemnify the Indemnified Party with respect to all elements of such Third-Party Claim and
may assert any defense of the Indemnified Party or the Indemnifying Party; provided that the Indemnified Party shall have
the right at its own expense to participate jointly with the Indemnifying Party in the defense of any such Third-Party Claim.
Counsel representing both the Indemnifying Party and the Indemnified Party must acknowledge in writing its obligation to act as
counsel for all parties being represented and must acknowledge and respect separate attorney-client privileges with respect to
each party represented. If the Indemnifying Party elects to undertake the defense of any Third-Party Claim hereunder, the Indemnified
Party shall cooperate with the Indemnifying Party in the defense or settlement of the Third-Party Claim, including providing access
to information, making documents available for inspection and copying, and making employees available for interviews, depositions
and trial. The Indemnifying Party shall not be entitled to settle any Third-Party Claim without the prior written consent of the
Indemnified Party, which consent shall not be unreasonably withheld or delayed.

 

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(b) If the Indemnifying
Party, by the 30th day after receipt of notice of any Third-Party Claim (or, if earlier, by the tenth day preceding the day on
which an answer or other pleading must be served in order to prevent judgment by default in favor of the person asserting such
Third-Party Claim) does not assume actively and in good faith the defense of any such Third-Party Claim or action resulting therefrom,
the Indemnified Party may, at the Indemnifying Party’s expense, defend against such claim or litigation, after giving notice
of the same to the Indemnifying Party, on such terms as the Indemnified Party may deem appropriate, and the Indemnifying Party
shall be entitled to participate in (but not control) the defense of such action, with its counsel and at its own expense. The
Indemnified Party shall not settle or compromise any Third-Party Claim for which it is entitled to indemnification hereunder,
without the prior written consent of the Indemnifying Party (which shall not be unreasonably withheld or delayed).

 

(c) Notwithstanding
anything in this Section 8.10 to the contrary, Buyer shall in all cases be entitled to control the defense of a Third-Party
Claim if Buyer reasonably believes (i) such Third-Party Claim could result in liabilities which, taken together with other
then outstanding Claims by Buyer under this Agreement, could exceed the remaining potential Damages payable by Sellers under this
Agreement or the amount that Buyer believes they will be able to collect from Sellers under this Agreement or (ii) such Third-Party
Claim could adversely affect in any material respect Buyer or its Affiliates other than as a result of money damages or if injunctive
or other non-monetary relief has been sought against Buyer or its Affiliates.

 

8.11 Express
Negligence. THE PARTIES HERETO INTEND THAT THE INDEMNITIES SET FORTH IN THIS ARTICLE VIII BE CONSTRUED AND
APPLIED AS WRITTEN ABOVE, NOTWITHSTANDING ANY RULE OF CONSTRUCTION TO THE CONTRARY. WITHOUT LIMITING THE FOREGOING, BUT LIMITED
TO THE EXTENT PROVIDED ABOVE, SUCH INDEMNITIES SHALL APPLY NOTWITHSTANDING ANY STATE’S “EXPRESS NEGLIGENCE”
OR SIMILAR RULE THAT WOULD DENY COVERAGE BASED ON AN INDEMNIFIED PARTY’S SOLE OR CONCURRENT, ACTIVE OR PASSIVE NEGLIGENCE.
IT IS THE INTENT OF THE PARTIES THAT, TO THE EXTENT PROVIDED ABOVE, THE INDEMNITIES SET FORTH IN THIS ARTICLE VIII
SHALL APPLY TO AN INDEMNIFIED PARTY’S SOLE OR CONCURRENT, ACTIVE OR PASSIVE NEGLIGENCE. THE PARTIES AGREE THAT THIS PROVISION
IS “CONSPICUOUS” FOR PURPOSES OF ALL STATE LAWS.

 

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8.12 Exclusive
Remedy. In the absence of fraud, the indemnification provisions in this Article VIII will be the sole and exclusive
remedy and recourse for any breach of this Agreement by the Parties, or for any Claim by Buyer or Contributee relating to Pipelogic,
the Pipelogic Assets, or the Pipelogic Business. In addition, (a) in the event of a breach or threatened breach by a Seller
of any of the provisions of Sections 6.2 or 6.5, each of Buyer and Contributee shall be entitled to immediate
injunctive relief, as Sellers acknowledge and agree that any such breach would cause each of Buyer and Contributee irreparable
injury for which they would have no adequate remedy at law; and (b) any Party hereto shall be entitled to seek specific performance
against any other Party hereto pursuant to Section 10.10.

 

Article
IX

TERMINATION

 

9.1 Termination.

 

(a) This Agreement may
be terminated and the transactions contemplated by this Agreement abandoned at any time prior to the Closing as follows:

 

(i) by mutual written
agreement of the Parties;

 

(ii) by any Party,
by written notice to the others, if there shall be in effect a final non-appealable order of a Governmental Authority of competent
jurisdiction permanently restraining, enjoining or otherwise prohibiting consummation of the transactions contemplated hereby;
it being agreed that the Parties shall promptly appeal any adverse determination that is not non-appealable (and pursue such appeal
with reasonable diligence in accordance with the terms hereof);

 

(iii) by Sellers (so
long as Sellers are not then in breach of any of their respective representations, warranties, covenants or agreements contained
in this Agreement such that the applicable conditions to Closing in ‎Sections 2.5(b) or 2.5(d) would not be
satisfied), by written notice to Buyer and Contributee, in the event of a breach of any representation, warranty, covenant or
agreement of Buyer or Contributee contained in this Agreement, which breach would result in the failure of a condition set forth
in ‎Section 2.5(c) and which breach has not been cured within 30 days of receipt of written notice thereof or cannot
be cured within 30 days after Buyer and Contributee receive written notice from Sellers of such breach;

 

(iv) by Contributee
(so long as Contributee is not then in breach of any of its representations, warranties, covenants or agreements contained in
this Agreement such that the applicable conditions to Closing in ‎Section 2.5(b) or 2.5(c) would not be satisfied)
by written notice to Sellers and Buyer, in the event of a breach of any representation, warranty, covenant or agreement of Sellers
or Buyer contained in this Agreement, which breach would result in the failure of a condition set forth in ‎Section 2.5(d)
and which breach has not been cured within 30 days of receipt of written notice thereof or cannot be cured within 30 days
after Sellers and Buyer receive written notice from Contributee of such breach;

 

    49

     

    

 

(v) by Buyer (so long
as Buyer is not then in breach of any of its representations, warranties, covenants or agreements contained in this Agreement
such that the applicable conditions to Closing in ‎Section 2.5(c) or 2.5(d) would not be satisfied) by written
notice to Sellers and Contributee, in the event of a breach of any representation, warranty, covenant or agreement of Sellers
or Contributee contained in this Agreement, which breach would result in the failure of a condition set forth in ‎Section
2.5(d) and which breach has not been cured within 30 days of receipt of written notice thereof or cannot be cured within 30
days after Sellers and Contributee receive written notice from Contributee of such breach; and

 

(vi) by Contributee,
following the occurrence of a Material Adverse Effect, by written notice provided to Sellers.

 

(b) This Agreement shall
automatically terminate and be of no further force or effect upon any termination of the Transaction Agreement.

 

9.2 Effect of
Termination. In the event of the termination of this Agreement pursuant to this Article IX this Agreement shall
become void and of no force or effect with no Liability on the part of any Party (or of any of its respective directors, managers,
officers, shareholders, members or Affiliates); provided, however, that no such termination shall relieve any Party
of any Liability or damages resulting from any material breach of this Agreement or the Transaction Documents prior to such termination;
and provided further, that the provisions of Article X shall remain in full force and effect.

 

Article
X

MISCELLANEOUS

 

10.1 Assignment.
This Agreement and the rights hereunder may not be assigned by Buyer without the prior written consent of Sellers and Contributee.
This Agreement and the rights hereunder may not be assigned by Contributee without the prior written consent of Sellers; provided,
however, that (a) Contributee shall be permitted to collaterally assign without Sellers’ consent this Agreement
and its rights herein and in the other Transaction Documents to Contributee’s and its Affiliate’s lenders and (b) Contributee
may assign without Sellers’ consent the provisions and benefits of this Agreement to any transferee of all or substantially
all of the Pipelogic Business, and Sellers hereby consent to any such assignment; provided, however, that no such
assignment shall relieve Contributee of its obligations hereunder. This Agreement and the rights hereunder may not be assigned
by Sellers without the prior written consent of Contributee; provided, however, that prior to the Closing CSL Energy Holdings
may assign its rights and obligations hereunder (including its rights to receive its portion of the Buyer Shares) to one of its
Affiliates without the consent of Contributee or Buyer. Subject to the foregoing, this Agreement shall be binding upon and inure
to the benefit of the Parties hereto and their respective successors and assigns.

 

    50

     

    

 

10.2 Notices.
Unless otherwise provided herein, any notice, request, consent, instruction or other document to be given hereunder by any Party
hereto to another Party hereto shall be in writing and will be deemed given (a) when received if delivered personally or
by courier; (b) the date sent if delivered by email so long as such notice and communication is furnished to a nationally
recognized overnight courier for next Business Day delivery; (c) three (3) Business Days after mailing if sent by certified or
registered mail, return receipt requested; or (d) one (1) Business Day after being furnished to a nationally recognized overnight
courier for next Business Day delivery, as follows:

 

If to Sellers and, prior to the
Closing, Buyer, addressed to:

c/o CSL Capital Management, L.P.

700 Louisiana Street, Suite 2700

Houston, Texas 77002

Attention: Saheb Sabharwal

Email: saheb@clsenergy.com

Facsimile: 281-946-8967

 

with a copy to:

 

Winston & Strawn LLP

2121 N. Pearl Street, Suite 900

Dallas, TX 77002

Attention: David Lange

Email: dlange@winston.com

 

If to Contributee and, following
the Closing, Buyer, addressed to:

 

Strike, LLC

1800 Hughes Landing Blvd., Suite
500

The Woodlands, TX 77380

Attention: Stephen V. Pate
and Rhonda Sigman

Email: steve.pate@strikeusa.com
and rhonda.sigman@strikeusa.com

 

with a copy to:

 

Jones Day

2727 North Harwood Street

Dallas, TX 75201

Attention: Alain Dermarkar and Ira White

Email: adermarkar@jonesday.com and iwhite@jonesday.com

 

or to such other place and with such other
copies as a Party may designate as to itself by written notice to the others in accordance with this Section 10.2.

 

    51

     

    

 

10.3 Governing
Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement is to be governed by, and construed and enforced in
accordance with, the internal laws of the State of Delaware, without regard to its rules of conflict of laws. Each of the Parties
irrevocably submits to the exclusive jurisdiction of the Delaware Court of Chancery in New Castle County, or in the event (but
only in the event) that such court does not have subject matter jurisdiction over such Claim, the United States District Court
for the District of Delaware. A final judgment in any such Claim shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by applicable Legal Requirements. To the extent that service of process
by mail is permitted by any applicable Legal Requirement, each Party irrevocably consents to the service of process in any such
Claim in such courts by the mailing of such process by registered or certified mail, postage prepaid, at its address for notices
provided for in this Agreement. Each Party irrevocably agrees not to assert (a) any objection which it may ever have to the laying
of venue of any such Claim in the Delaware Court of Chancery in New Castle County, or in the event (but only in the event) that
such court does not have subject matter jurisdiction over such Claim, the United States District Court for the District of Delaware
and (b) any claim that any such Claim brought in any such court has been brought in an inconvenient forum. TO THE EXTENT NOT
PROHIBITED BY APPLICABLE LEGAL REQUIREMENTS WHICH CANNOT BE WAIVED, EACH OF THE PARTIES HEREBY WAIVES, AND AGREES TO CAUSE EACH
OF ITS AFFILIATES TO WAIVE, AND COVENANTS THAT NEITHER IT NOR ANY OF HIS, HER OR ITS AFFILIATES WILL ASSERT (WHETHER AS PLAINTIFF,
DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY CLAIM ARISING OUT OF OR BASED UPON THIS AGREEMENT
OR THE SUBJECT MATTER HEREOF, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY ACKNOWLEDGES THAT SUCH PARTY
HAS BEEN INFORMED BY THE OTHER PARTIES THAT THIS SECTION 10.3 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THE PARTIES ARE RELYING
AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND ANY OTHER AGREEMENTS RELATING HERETO OR CONTEMPLATED HEREBY. ANY PARTY MAY FILE
AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.3 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THE
WAIVER OF THE RIGHT TO TRIAL BY JURY.

 

10.4 Entire
Agreement; Amendments and Waivers. This Agreement, together with all Exhibits, Annexes and Schedules hereto, and the other
Transaction Documents constitute the entire agreement between the Parties pertaining to the subject matter hereof and supersedes
all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written, of the Parties,
and there are no other warranties, representations or other agreements between the Parties in connection with the subject matter
hereof. No amendment, supplement, modification or waiver of this Agreement shall be binding unless executed in writing by all
Parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless expressly agreed to in
writing by the affected Party.

 

10.5 Multiple
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument.

 

10.6 Expenses.
Each Party hereto will be responsible for its own legal fees and other expenses incurred in connection with the negotiation, preparation,
execution or performance of this Agreement by such Party (including, for the avoidance of doubt, the Transaction Costs) and neither
Party shall be responsible for such expenses of the other Party or Parties.

 

10.7 Invalidity.
In the event that any one or more of the provisions contained in this Agreement or in any other instrument referred to herein
shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision of this Agreement or any other such instrument.

 

    52

     

    

 

10.8 No Third
Party Beneficiaries. This Agreement is solely for the benefit of the Parties hereto, the Seller Indemnified Parties, the
Contributee Indemnified Parties and their successors and assigns permitted under this Agreement, and no provisions of this Agreement
shall be deemed to confer upon any other Persons any remedy, claim, liability, reimbursement, cause of action or other right except
as expressly provided herein.

 

10.9 No Presumption
Against Any Party. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against
any Party, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by each of the
Parties and their counsel and shall be construed and interpreted according to the ordinary meaning of the words used so as to
fairly accomplish the purposes and intentions of all Parties hereto.

 

10.10 Specific
Performance. Each of the Parties hereto acknowledges and agrees that the other Parties hereto would be damaged irreparably
in the event any of the provisions of this Agreement are not performed in accordance with their specific terms or otherwise are
breached. Accordingly, each of the Parties hereto agrees that the other Parties hereto shall be entitled to an injunction or injunctions
to prevent breaches of the provisions of this Agreement and to enforce specifically this Agreement and the terms and provisions
hereof in any action instituted in any court of the United States or any State thereof having jurisdiction over the Parties hereto
and the matter, in addition to any other remedy to which they may be entitled, at law or in equity.

 

(Remainder of page intentionally left
blank. Signature page follows.)

 

    53

     

    

 

IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the day and year first above written.

 

	 	SELLERS:
	 	INVACOR PIPELINE AND
    PROCESS SOLUTIONS, LlC
	 	 	 
	 	By:	/s/ Saheb Sabharwal
	 	Name:	Saheb Sabharwal
	 	Title:	Vice President
	 	 	 
	 	CSL ENERGY HOLDING
    III CORP, LLC
	 	 	 
	 	By:	/s/ Kent Jamison
	 	Name:	Kent Jamison
	 	Title:	Vice President
	 	 	 
	 	BUYER:
	 	 
	 	SENTINEL ENERGY SERVICES
    INC.
	 	 
	 	By:	/s/ Krisha Shivram
	 	Name:	Krishna Shivram
	 	Title:	Chief Executive Officer
	 	 	 
	 	CONTRIBUTEE:
	 	 
	 	STRIKE, LLC
	 	 
	 	By:	/s/ Stephen V. Pate
	 	Name:	Stephen V. Pate
	 	Title:	Chief Executive Officer

 

Signature
page to

Contribution
Agreement

 

    54

     

    

 

EXHIBIT A

 

DEFINED TERMS

 

“Accounting
Arbitrator” means PricewaterhouseCoopers LLP, or such other accounting firm or other professional services firm
of regional or national standing as may be agreed upon in writing by Sellers and Buyer.

 

“Affiliate”
means with respect to any Person, any Person which, directly or indirectly, controls, is controlled by, or is under a common control
with, such Person. The term “control” (including the terms “controlled by”
and “under common control with”) as used in this definition means the possession, directly or indirectly,
of the power to direct or cause the direction of management and policies of a Person, whether through the ownership of voting
securities, by contract, or otherwise.

 

“Agreement”
has the meaning set forth in the introductory paragraph.

 

“Annual
Financial Statements” has the meaning set forth in Section 3.18(a).

 

“Assumed
Obligations” means (a) obligations first arising and solely attributable to the ownership and operation of
Pipelogic and the Pipelogic Assets after the Closing Date under any Material Contract (unless obtained and furnished to Buyer
before the Closing) (it being acknowledged for the avoidance of doubt that payment and other obligations arising under the Material
Contracts or other Contracts after the Closing Date but which relate to, in part or in whole, matters occurring prior to the Closing
Date, to the extent relating to pre-Closing Date matters, shall not be Assumed Obligations and shall be Pre-Closing Liabilities),
(b) obligations arising from the ownership, use, possession, or operation of the Pipelogic Business or the Pipelogic Assets
to the extent attributable to conditions or circumstances first occurring or existing after the Closing Date and (c) obligations
expressly accounted for as current liabilities in the final calculation of the Final Net Working Capital; provided, however,
that any Damages or Claims arising from or attributable to any breach by a Sellers of any representation and warranty contained
in this Agreement shall not be Assumed Obligations.

 

“Books
and Records” means all books and records pertaining to Pipelogic, the Pipelogic Business, the Pipelogic Assets or
the Assumed Obligations, in any media or format, including all books of account, journals and ledgers, files, correspondence,
memoranda, maps, plats, customer lists, suppliers lists, personnel records relating to the employees of Pipelogic, catalogs, promotional
materials, data processing programs and other computer software, building and machinery diagrams and plans.

 

“Business
Day” means any day other than a Saturday, Sunday or legal holiday under the laws of the United States or the State
of New York.

 

“Buyer”
has the meaning set forth in the introductory paragraph.

 

“Buyer
Indemnified Liabilities” has the meaning set forth in Section 8.2(a).

 

“Buyer
Organizational Documents” has the meaning set forth in Section 4.1.

 

    
Exhibit A-1

     

    

 

“Buyer
Shares” has the meaning set forth in the Section 2.3.

 

“Buyer
Shares Issuance Price” means $10.00.

 

“CAA”
means the federal Clean Air Act, as amended.

 

“Cash”
means cash and marketable securities and short-term investments, but excluding any cash and cash equivalents that (a) are held
in escrow or as a deposit, (b) resulted from the proceeds of any casualty loss with respect to any asset reflected on the Interim
Balance Sheet or (c) are restricted balances.

 

“CERCLA”
means the Comprehensive Environmental Response, Compensation and Liability Act of 1980 as amended.

 

“Claim”
means any and all claims, causes of action, demands, lawsuits, suits, adversarial proceedings, governmental investigations, audits,
examinations and administrative proceedings and orders.

 

“Claim
Notice” has the meaning set forth in Section 8.4.

 

“Closing”
has the meaning set forth in Section 7.1.

 

“Closing
Date” has the meaning set forth in Section 7.1.

 

“Code”
means the Internal Revenue Code of 1986, as amended.

 

“Confidentiality
Agreement” has the meaning set forth in Section 6.12(b).

 

“Consolidated
Group” means any affiliated, combined, consolidated, unitary or similar group with respect to any Taxes, including
any affiliated group within the meaning of Section 1504 of the Code electing to file consolidated federal income Tax Returns and
any similar group under foreign, state or local law.

 

“Contract”
means any contract, agreement, option, right to acquire, preferential purchase right, preemptive right, warrant, indenture, debenture,
note, bond, loan, loan agreement, collective bargaining agreement, lease, mortgage, franchise, license, purchase order, bid, commitment,
letter of credit, guaranty, surety or any other legally binding arrangement, whether oral or written.

 

“Contributee”
has the meaning set forth in the introductory paragraph.

 

“Contributee
Indemnified Parties” has the meaning set forth in Section 8.1(a).

 

“Contributee
Organizational Documents” has the meaning set forth in Section 5.1.

 

“Creditors’
Rights” has the meaning set forth in Section 3.3.

 

“Damages”
means all debts, liabilities, obligations, losses, including damages, loss of profits, cost and expenses, whether actual or consequential,
interest (including prejudgment interest), penalties, reasonable legal fees, disbursements and costs of investigations, deficiencies,
levies, duties and imposts.

 

    
Exhibit A-2

     

    

 

“De Minimis
Amount” has the meaning set forth in Section 8.1(b).

 

“Debt”
means, for a particular Person without duplication: (a) indebtedness of such Person for borrowed money, including the face amount
of any letter of credit, any financing break-fees, pre-pay penalty fees, early termination fees or similar fees and any other
obligations under letters of credit and agreements relating to the issuance of letters of credit or acceptance financing; (b)
obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; (c) obligations of such Person
to pay the deferred purchase price of property or services (including obligations that are non-recourse to the credit of such
Person but are secured by the assets of such Person, but excluding trade accounts payable and other accrued liabilities arising
in the Ordinary Course of Business of Pipelogic); (d) obligations of such Person as lessee under capital leases and obligations
of such Person in respect of synthetic leases; (e) obligations of such Person under any hedging arrangement, including the mark-to-market
value of any obligations arising as a result of or under any hedging arrangements outstanding as of the Closing; (f) obligations
of such Person under any deferred compensation, severance or termination payments owed to employees of the Pipelogic Business
as of the Closing; (g) obligations of such Person under direct or indirect guaranties in respect of, and obligations (contingent
or otherwise) of such Person to purchase or otherwise acquire, or otherwise to assure a creditor against loss in respect of, indebtedness
or obligations of others of the kinds referred to in clauses (a) through (e) above; and (h) indebtedness or
obligations of others of the kinds referred to in clauses (a) through (f) secured by any Lien on or in respect
of any property of such Person.

 

“Deductible”
has the meaning set forth in Section 8.1(b).

 

“EBITDA”
means earnings before interest, tax, depreciation and amortization.

 

“Environmental
Authorization” means any license, permit, certificate, order, approval, consent, notice, registration, exemption,
variance, filing, or other form of permission required from a Governmental Authority under or issued pursuant to any Environmental
Law.

 

“Environmental
Laws” means all Legal Requirements relating to pollution or protection of human health or safety (as related to
Hazardous Materials), natural environmental resources or the environment (including ambient air, surface, water, ground water,
land surface or subsurface strata), including Legal Requirements relating to Releases or threatened Releases of Hazardous Materials
or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, transport or handling of Hazardous
Materials. Environmental Laws include the following: CAA, CERCLA, EPCRA, FIFRA, FWPCA, OPA, OSHA, RCRA, SARA and TSCA.

 

    
Exhibit A-3

     

    

 

“Environmental
Liabilities” means any and all obligations to pay the amount of any judgment or settlement, the cost of complying
with any settlement, judgment or order for injunctive or other equitable relief, the cost of compliance or corrective action in
response to any notice, demand, directive or request from a Governmental Authority, the cost of performing any investigatory or
remedial action required under Environmental Laws in response to a Release of Hazardous Materials (including any work performed
under any Voluntary Cleanup Program), the amount of any administrative or civil penalty or criminal fine or supplemental environmental
project, and any court costs and reasonable amounts for attorneys’ fees, fees for witnesses and experts, and costs of investigation
and preparation for defense of any Claim, regardless of whether such Claim is threatened, pending or completed, that may be or
have been asserted against or imposed upon any owner or operator of the Pipelogic Business, to the extent any of the foregoing
arises out of:

 

(a) failure of Pipelogic
or any of its Affiliates, any Predecessor, or the Pipelogic Business to comply at any time before the Closing Date with all Environmental
Laws;

 

(b) presence of any
Hazardous Materials on, in, under, at or in any way affecting any property used in the Pipelogic Business at any time before the
Closing Date;

 

(c) a Release or threatened
Release at any time before the Closing Date of any Hazardous Materials on, in, at, under or in any way affecting the Pipelogic
Business or any property used therein or at, on, in, under or in any way affecting any adjacent site or facility;

 

(d) a Release or threatened
Release of any Hazardous Materials on, in, at, under or from any real property other than those described in clause (c)
of this definition and to which Pipelogic or any of its Affiliates or any Predecessor transported or disposed, or arranged
for the transportation or disposal of, Hazardous Materials generated at or arising from operation of the Pipelogic Business at
any time before the Closing Date;

 

(e) identification
of Pipelogic or any of its Affiliates or any Predecessor as a potentially responsible party under CERCLA or under any Environmental
Law similar to CERCLA;

 

(f) presence at any
time before the Closing Date of any above-ground and/or underground storage tanks, or any asbestos-containing material on, in,
at, or under any property used in connection with the Pipelogic Business; or

 

(g) any and all Claims
arising out of exposure to Hazardous Materials originating at the Pipelogic Business or any adjoining property, resulting from
operation thereof, or located at the Pipelogic Business, where such exposure allegedly occurred prior to the Closing Date.

 

“EPCRA”
means the Emergency Planning and Community Right to Know Act, as amended.

 

“ERISA”
has the meaning set forth in Section 3.25(a)(i).

 

“ERISA
Affiliate” means, with respect to any entity, trade or business, any other entity, trade or business that is a member
of a group described in Section 414(b), (c), (m) or (o) of the Code or Section 4001(b)(1) of ERISA that includes the
first entity, trade or business, or that is a member of the same “controlled group” as the first entity, trade or
business pursuant to Section 4001(a)(14) of ERISA.

 

“Facilities”
has the meaning set forth in Section 3.10(c).

 

“FIFRA”
means the Federal Insecticide, Fungicide & Rodenticide Act, as amended.

 

    
Exhibit A-4

     

    

 

“Final
Determination” means (a) a decision, judgment, decree or other order by any court of competent jurisdiction,
which decision, judgment, decree or other order has become final, (b) a closing agreement made under Section 7121 of
the Code (or a comparable agreement under the laws of a state, local, or foreign taxing jurisdiction) with the relevant Governmental
Entity or other administrative settlement with or final administrative decision by the relevant Governmental Authority, (c) a
final disposition of a claim for refund, or (d) any agreement between Buyer and Sellers which they agree will have the same
effect as an item in (a), (b), or (c) for purposes of this Agreement.

 

“Financial
Statements” has the meaning set forth in Section 3.17.

 

“FWPCA”
means the Federal Water Pollution Control Act, as amended.

 

“GAAP”
means generally accepted accounting principles in the United States.

 

“Governmental
Authority” means any governmental, quasi-governmental, state, tribal, municipal, regional, provincial, county, city
or other political subdivision of the United States or any other country, or any agency, court or instrumentality, foreign or
domestic, or statutory or regulatory body thereof.

 

“Hazardous
Material” means any chemical, product, material, waste or substance that, whether by its nature or its use, is regulated
or as to which liability arises, under any Environmental Law, including:

 

(a) solid or hazardous
wastes, as defined in RCRA or in any other Environmental Law;

 

(b) hazardous substances,
as defined in CERCLA or in any other Environmental Law;

 

(c) toxic substances,
as defined in TSCA or in any other Environmental Law;

 

(d) pollutants or
contaminants, as defined in the CAA or the FWPCA, or in any other Environmental Law;

 

(e) insecticides,
fungicides, or rodenticides, as defined in FIFRA or in any other Environmental Law;

 

(f) petroleum hydrocarbons
including natural gas, crude oil, or any components, fractions or derivatives thereof; and

 

(g) gasoline or any
other petroleum product or byproduct, polychlorinated biphenyls, asbestos, urea formaldehyde, NORM, radioactive materials or radon.

 

“Indemnified
Party” has the meaning set forth in Section 8.4.

 

“Indemnifying
Party” has the meaning set forth in Section 8.4.

 

“Insurance
Policies” has the meaning set forth in Section 3.28.

 

    
Exhibit A-5

     

    

 

“Intellectual
Property Rights” means any and all proprietary, industrial and intellectual property rights, under the law of any
jurisdiction or rights under international treaties, both statutory and common law rights, including (a) patents, patent
applications, utility models, and invention disclosures, including all reissuances, continuations, continuations-in-part, divisions,
supplementary protection certificates, extensions and re-examinations thereof; (b) trademarks, service marks, logos, designs,
trade names, trade dress, domain names, corporate names, and other identifiers of source, including all registrations and applications
for registration thereof (whether or not filed) and goodwill associated therewith; (c) copyrights and registrations and applications
for registration thereof (whether or not filed) and other rights in works of authorship, whether or not published, including software,
firmware and databases; (d) trade secrets, know-how, and rights in proprietary information, inventions, customer lists and
information, supplier lists, manufacturer lists, manufacturing and production processes and techniques, blueprints, drawings,
schematics, and manuals; (e) the right to sue and collect damages for any past, present, and future infringement, misappropriation,
dilution, or other violation of any of the foregoing; and (f) moral rights relating to any of the foregoing.

 

“Interest”
means (a) capital stock, member interests, partnership interests, other equity interests, rights to profits or revenue and
any other similar interest, (b) any security or other interest convertible into or exchangeable or exercisable for any of
the foregoing and (c) any right (contingent or otherwise) to acquire any of the foregoing.

 

“Interim
Balance Sheet” has the meaning set forth in Section 3.17(b).

 

“Interim
Financial Statements” has the meaning set forth in Section 3.17(b).

 

“Knowledge
of Sellers” means the actual or constructive knowledge of Christopher Oversby, Kim Bagby or Jeff Epley, after due
inquiry.

 

“Leased
Equipment” has the meaning set forth in Section 3.11(a).

 

“Legal
Requirement” means any law, statute, code, ordinance, order, rule, regulation, judgment, decree, injunction, franchise,
permit, certificate, license, authorization, or other directional requirement (including any of the foregoing that relates to
environmental standards or controls, energy regulations and occupational, safety and health standards or controls including those
arising under Environmental Laws) of any Governmental Authority.

 

“Lien”
means any lien, pledge, condemnation award, claim, restriction, charge, preferential purchase right, exclusive license, security
interest, mortgage or encumbrance of any nature whatsoever including as a statutory landlord lien.

 

“Material
Adverse Effect” means any material and adverse effect on the assets, liabilities, financial condition, business,
operations, affairs or prospects of the Pipelogic Business, taken as a whole; provided, however, that none of the
following shall be deemed to constitute, and none of the following shall be taken into account in determining whether there has
been, a Material Adverse Effect: any event, circumstance, change, occurrence or effect (collectively, the “Events”)
arising from (a) any change in interest rates or general economic conditions (including changes in the price of gas, oil or other
natural resources); (b) any major national or international political event or occurrence, including acts of war or terrorism
or any natural disaster, whether or not occurring or commenced before or after the date of this Agreement; (c) any actions required
in order to obtain any waiver or consent from any Person or Governmental Authority in connection with the transactions contemplated
by this Agreement and the Transaction Documents; (d) changes in financial, banking or securities markets (including but not limited
to changes in foreign currency exchange rates) and any disruption thereof and decline in the price of any security or any market
index; and (e) changes in accounting standards, requirements or principles (including GAAP).

 

    
Exhibit A-6

     

    

 

“Material
Contract” has the meaning set forth in Section 3.13(a).

 

“Material
Waiver” means a waiver by Pipelogic of a provision of a Material Contract which waiver will result in Buyer or Pipelogic,
as applicable, either (a) receiving less consideration under the Material Contract than would have been received without
the waiver, or (b) incurring greater liability under the Material Contract than would have been incurred without the waiver.

 

“Net Working
Capital” means (a) total current assets (excluding Cash and any current Tax assets) of Pipelogic less (b) total
current liabilities of Pipelogic, in each case calculated in accordance with GAAP. For the avoidance of doubt, (x) for the purposes
of the foregoing, deferred Tax assets and deferred Tax liabilities shall not be taken into account, (y) all accruals with respect
to annual bonus obligations owed to employees of the Pipelogic Business shall be reflected as current liabilities, and (z) any
prepaid insurance premiums with respect to insurance coverage for Pipelogic shall be reflected as a current asset, and any accrued
liabilities with respect to the same shall be reflected as a current liability.

 

“NORM”
means naturally occurring radioactive materials.

 

“OPA”
means the Oil Pollution Act of 1990, as amended.

 

“Ordinary
Course of Business” means, when used in reference to any Person, the ordinary course of business consistent with
past customs and practices of such Person.

 

“Organizational
Documents” means, with respect to a particular Person (other than a natural person), the certificate or articles
of incorporation or organization, bylaws, certificate of formation, partnership agreement, limited liability company agreement,
trust agreement or similar organizational document or agreement, as applicable, of such Person.

 

“Party”
or “Parties” has the meaning set forth in the introductory paragraph.

 

“Past
Due Rate” means the lesser of (a) the maximum nonusurious rate permitted by law and (b) LIBOR plus
four percent (4%) per annum.

 

“Permit”
has the meaning set forth in Section 3.12.

 

“Permitted
Liens” means:

 

(a) Liens for current
period Taxes which are not yet due and payable or Taxes that are being contested in good faith and for which adequate reserves
have been established on the Financial Statements in accordance with GAAP;

 

    
Exhibit A-7

     

    

 

(b) inchoate Liens
arising by operation of law, including materialman’s, mechanic’s, repairman’s, laborer’s, warehousemen,
carrier’s, employee’s, contractor’s and operator’s Liens arising in the Ordinary Course of Business but
only to the extent such liens secure obligations that, as of the Closing, are not due and payable and are not being contested
unless being contested in good faith and a reserve or other appropriate provision, if any, as required by GAAP is made therefor
in the Interim Balance Sheet;

 

(c) minor defects,
imperfections, irregularities in title, encroachments, easements, rights of way, covenants, conditions, servitudes, restrictive
covenants and similar rights (whether affecting fee interests, a landlord’s interest in leased properties or a tenant’s
interest in leased properties) that individually or in the aggregate (i) have not had, and are not reasonably likely to have
a Material Adverse Effect or (ii) materially impair the value of such property;

 

(d) Liens securing
the financing of Pipelogic by Buyer; and

 

(e) Liens affecting
a landlord’s interest in property leased to Pipelogic so long as such Lien does not breach and is not reasonably likely
to breach a customary covenant of quiet enjoyment (due to the existence of a non-disturbance agreement or other arrangement in
which the tenant’s interest is recognized and protected).

 

“Person”
means any natural person, firm, partnership, association, corporation, limited liability company, company, trust, entity, public
body or government.

 

“Personal
Property” has the meaning set forth in Section 3.11(c).

 

“Pipelogic”
has the meaning set forth in Section 1.2.

 

“Pipelogic
Assets” means all of the assets, whether real, personal (tangible or intangible) or mixed, owned (in fee or any
lesser interest including leasehold interests) by Pipelogic.

 

“Pipelogic
Business” shall mean the business and operations that are the same or similar to those performed by Pipelogic as
of the Closing Date, which business and operations include pipeline chemical and mechanical cleaning, hydrostatic testing services,
Caliper and Magnetic Flux Leakage in-line-inspection, pipeline separation and flaring services for oil and gas pipelines “Pipelogic
Intellectual Property” has the meaning set forth in Section 3.14(a).

 

“Pipelogic
Marks” has the meaning set forth in Section 6.2(a).

 

“Pipelogic
Membership Interests” has the meaning set forth in Section 3.6(a).

 

“Pipelogic
Organizational Documents” means the Organizational Documents of Pipelogic.

 

“Plan”
or “Plans” has the meaning set forth in Section 3.25(a).

 

“Pledge
Agreements” has the meaning set forth in Section 7.2(h).

 

    
Exhibit A-8

     

    

 

“Pre-Closing
Liabilities” means all debts, liabilities and obligations of any kind or character, whether known or unknown, absolute,
accrued, contingent or otherwise (whether or not disclosed in a Schedule hereto) of Pipelogic other than the Assumed Obligations.
Pre-Closing Liabilities include for the avoidance of doubt and without limitation all debts, liabilities and obligations of any
kind or character, whether known or unknown, absolute, accrued, contingent or otherwise (whether or not disclosed in a Schedule hereto)
and any Damages or Claims, whether or not disclosed in a Schedule hereto (other than Assumed Obligations), which debts, liabilities,
obligations, Damages or Claims arise out of, relate to or result from (a) the ownership, use, possession, enjoyment, transfer,
or operation of the Pipelogic Business prior to the Closing Date, (b) tortious conduct relating to the Pipelogic Business
or Pipelogic committed prior to the Closing Date, (c) violation of Legal Requirements committed prior to the Closing Date
that relate to the Pipelogic Business or Pipelogic (including violations of Environmental Laws), (d) the release of any hazardous
or toxic substance at any site as a result of the operations conducted by or on behalf of Pipelogic or in connection with the
Pipelogic Business or the Pipelogic Assets or other assets owned by Pipelogic prior to the Closing Date, (e) the exposure
of any Person or property to hazardous or toxic substances at any site as a result of the operations conducted by or on behalf
of Pipelogic or in connection with the Pipelogic Business or the Pipelogic Assets or other assets owned by Pipelogic prior to
the Closing Date, (f) claims and litigation arising from events or conditions occurring or existing prior to the Closing
Date that relate to Pipelogic or the Pipelogic Business or the Pipelogic Assets, (g) employees, contractors or former employees
or contractors of Pipelogic relating to their employment or engagement by Pipelogic on or prior to the Closing Date including
Claims relating to their termination of employment or engagement with Pipelogic or their failure to obtain or continue employment
or engagement with Pipelogic, Buyer or any of their Affiliates for any reason whatsoever or respecting compensation and benefits
under any contract or benefit or compensation plans or any other employee benefit program maintained by or on behalf of Pipelogic,
(h) employee benefit plans sponsored, maintained or contributed to by Pipelogic or any of its ERISA Affiliates (including
the failure prior to the Closing Date to operate or maintain any Plan in compliance with its terms and applicable Legal Requirements),
(i) any unfunded liability existing as of the Closing Date under a Plan other than contributions earned but not yet due in
the Ordinary Course of Business of Pipelogic and expressly accrued for on the Interim Balance Sheet, (j) the provision of
any products or services by Pipelogic prior to the Closing Date, (k) any notice of deficiency, or assessment by, or any obligation
owing to, any taxing authority for any Taxes of Pipelogic or Taxes relating to the Pipelogic Assets or the Pipelogic Business
for any taxable period or portion thereof ending on or before the Closing Date or (l) the ownership or use of the real property
located at 512 S. Chenango, Angleton, Texas.

 

“Pre-Closing
Tax Period” means any taxable period ending on or before the Closing Date. Notwithstanding anything to the contrary
herein, any franchise Tax will be allocated to the period during which the income, operations, assets or capital comprising the
base of such Tax is measured, regardless of whether the right to do business for another period is obtained by the payment of
such franchise Tax.

 

“Pre-Closing
Tax Return” has the meaning set forth in Section 6.7(a).

 

“Predecessor”
means any Person whose liabilities, including liabilities arising under any Environmental Law, have or may have been retained
or assumed by Pipelogic or any of its Affiliates, either contractually or by operation of law.

 

    
Exhibit A-9

     

    

 

“Purchase
Price” has the meaning set forth in Section 2.3.

 

“RCRA”
means the Resource Conservation and Recovery Act, as amended.

 

“Real
Property” has the meaning set forth in Section 3.10(c).

 

“Receivables”
means all accounts receivable, bills receivable, trade accounts, book debts and insurance claims of Pipelogic, together with any
unpaid interest accrued on such items and any security or collateral for such items, including recoverable deposits.

 

“Registered
Intellectual Property” has the meaning set forth in Section 3.14(a).

 

“Release”
means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying, discharging, migrating,
injecting, escaping, leaching, dumping, or disposing into the indoor or outdoor environment.

 

“Released
Parties” has the meaning set forth in Section 6.2.

 

“Reorganization”
has the meaning set forth in Section ‎3.6(a).

 

“SARA”
means the Superfund Amendments and Reauthorization Act of 1986, as amended.

 

“Scheduled
Permits” has the meaning set forth in Section 3.12.

 

“Scheduled
Personal Property” has the meaning set forth in Section 3.11(b).

 

“Securities
Act” has the meaning set forth in Section 3.7.

 

“Seller”
and “Sellers” has the meaning set forth in the introductory paragraph.

 

“Seller
Fundamental Representations” has the meaning set forth in Section 8.1(b).

 

“Seller
Indemnified Liabilities” or “Seller Indemnified Liability” has the meaning set forth in
Section 8.1(a).

 

“Seller
Indemnified Parties” has the meaning set forth in Section 8.2(a).

 

“Seller
Taxes” means any and all Taxes (a) imposed on any Seller with respect to Pipelogic; (b) imposed on Pipelogic,
or for which Pipelogic may otherwise be liable, for any Pre-Closing Tax Period and for the portion of any Straddle Period ending
on and including the Closing Date (determined in accordance with Section 6.7(c)); (c) resulting from a breach
of any representation or warranty set forth in Section 3.20 (determined without regard to any materiality or knowledge
qualifiers or any scheduled items) or a breach by a Seller of any covenant relating to Taxes set forth in this Agreement; (d) of
any Consolidated Group (or any member thereof) of which Pipelogic (or any predecessor of Pipelogic) is or was a member on or prior
to the Closing Date by reason of Treasury Regulations § 1.1502-6(a) or any analogous or similar foreign, state or local
Legal Requirements; (e) of any other Person for which Pipelogic is or has been liable as a transferee or successor, by contract,
or otherwise for any Pre-Closing Tax Period and for the portion of any Straddle Period ending on and including the Closing Date
(determined in accordance with Section 6.7(c)) or which relates to any transaction or event occurring prior to the Closing;
or (f) that are social security, Medicare, unemployment or other employment, payroll or withholding Taxes owed a result of payments
made to a Seller pursuant to this Agreement or owed as a result of cash payments or the issuance of stock made to any employee
or other service provider of Pipelogic in connection with the transactions contemplated by this Agreement.

 

    
Exhibit A-10

     

    

 

“Sentinel”
has the meaning set forth in the introductory paragraph.

 

“Sentinel
Assignment Agreement” has the meaning set forth in Section 7.2(a).

 

“Straddle
Period” means any taxable Tax period beginning on or before and ending after the Closing Date. Notwithstanding anything
to the contrary herein, any franchise Tax will be allocated to the period during which the income, operations, assets or capital
comprising the base of such Tax is measured, regardless of whether the right to do business for another period is obtained by
the payment of such franchise Tax.

 

“Straddle
Tax Return” has the meaning set forth in Section 6.7(b).

 

“Strike
Assignment Agreement” has the meaning set forth in Section 7.3(b).

 

“Target
Net Working Capital Range” means a range, the high end of which is $2,500,000 and the low end of which is $1,500,000.

 

“Tax”
or “Taxes” means (a) any taxes, assessments, fees, unclaimed property and escheat obligations,
and other governmental charges imposed by any Governmental Authority, including income, profits, gross receipts, net proceeds,
alternative or add-on minimum, ad valorem, real property (including assessments, fees or other charges imposed by any Governmental
Authority that are based on the use or ownership of real property), personal property (tangible and intangible), value added,
turnover, sales, use, environmental, stamp, leasing, lease, user, excise, duty, franchise, capital stock, transfer, registration,
license, withholding, social security (or similar), unemployment, disability, payroll, employment, fuel, excess or windfall profits,
occupational, premium, severance, estimated, or other similar charge of any kind whatsoever, including any interest, penalty,
or addition thereto or with respect to any Tax Return, whether disputed or not; and (b) any liability for the payment of
any amounts of the type described in clause (a) as a result of being a member of a Consolidated Group for any period;
and (c) any liability for the payment of any amounts of the type described in clauses (a) or (b) as a
result of the operation of law or any express or implied obligation to indemnify any other Person.

 

“Tax Proceeding”
has the meaning set forth in Section 6.8.

 

“Tax Return”
means any return, report, election, document, estimated tax filing, declaration, claim for refund, property tax rendition, information
return or other filing relating to Taxes, including any Schedule or attachment thereto, and including any amendment thereof.

 

“Third-Party
Claim” means a third-party claim asserted against an Indemnified Party by a Person other than (a) an Affiliate
of such Indemnified Party or (b) any director, stockholder, officer, member, partner or employee of any such Indemnified
Party or its Affiliates.

 

    
Exhibit A-11

     

    

 

“Transaction
Agreement” has the meaning set forth in the recitals.

 

“Transaction
Costs” means the aggregate amount of (a) fees and expenses paid or payable by Pipelogic to Winston & Strawn
LLP and any other attorneys, investment bankers, accountants or other advisors or service providers and (b) any change of control
bonuses, retention, severance or other payments to employees and contractors in each case in connection with the transactions
contemplated by this Agreement.

 

“Transaction
Documents” means this Agreement, the Sentinel Assignment Agreement, the Strike Assignment Agreement, the Pledge
Agreements and all agreements, conveyances, documents, instruments and certificates delivered at the Closing pursuant to this
Agreement.

 

“Transfer
Taxes” has the meaning set forth in Section 6.6(a).

 

“Treasury
Regulations” means the regulations (including temporary regulations) promulgated by the United States Department
of the Treasury pursuant to and in respect of provisions of the Code. All references in this Agreement to sections of the Treasury
Regulations shall include any corresponding provision or provisions of succeeding, similar or substitute, temporary or final Treasury
Regulations.

 

“TSCA”
means the Toxic Substances Control Act, as amended.

 

“U.S.
Income Tax Purposes” means U.S. federal income tax purposes and the purposes of any U.S. state and local tax laws
that follow U.S. federal income tax treatment.

 

“Voluntary
Cleanup Program” means a program of the United States or a state of the United States enacted pursuant to an Environmental
Law that provides for a mechanism for the written approval of, or authorization to conduct, voluntary remedial action for the
clean-up, removal or remediation of contamination that exceeds actionable levels established pursuant to Environmental Law.

 

    
Exhibit A-12

     

    

 

EXHIBIT B

 

NET WORKING CAPITAL METHODOLOGIES

 

Attached.

 

    
Exhibit B

     

    

 

EXHIBIT C

 

FORM OF PLEDGE AGREEMENT

 

See attached.

 

    
Exhibit CExhibit 10.4

 

VOTING AND SUPPORT
AGREEMENT

 

This VOTING AND SUPPORT
AGREEMENT (this “Agreement”) is entered into as of October 18, 2018, by and among Strike Capital, LLC, a Texas
limited liability company (“Strike”), Sentinel Management Holdings, LLC, a Delaware limited liability company
(“Sponsor”), and the shareholders of Buyer (as defined below) set forth on Schedule I hereto (such individuals
together with Sponsor, each a “Shareholder,” and collectively, the “Shareholders”). Strike
and the Shareholders are sometimes referred to herein as a “Party” and collectively as the “Parties.”

 

W  I T N E S S E T H:

 

WHEREAS, as of the
date hereof, each of the Shareholders “beneficially owns” (as such term is defined in Rule 13d-3 promulgated
under the Exchange Act) and is entitled to dispose of (or to direct the disposition of) and to vote (or to direct the voting of)
the number of ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), of Sentinel Energy Services
Inc., a Cayman Islands exempted company (“Buyer”), set forth opposite such Shareholder’s name on Schedule
I hereto (such Ordinary Shares, together with any other Ordinary Shares the voting power over which is acquired by Shareholder
during the period from the date hereof through the date on which this Agreement terminates in accordance with Section 6.1 hereof
(such period, the “Voting Period”), including any and all Ordinary Shares acquired by such Shareholder during
the Voting Period pursuant to the exercise, exchange or conversion of, or other transaction involving, any and all warrants issued
to such Shareholder in a private placement that occurred prior to Buyer’s initial public offering (the “Warrants”),
are collectively referred to herein as the “Subject Shares”);

 

WHEREAS, Strike, Buyer,
the holders of Company Interests (“Sellers”) and the other parties thereto propose to enter into a transaction
agreement and plan of merger, dated as of the date hereof (as the same may be amended from time to time, the “Transaction
Agreement”), pursuant to which, upon the terms and subject to the conditions set forth therein, Buyer will acquire a
certain number of the equity interests from Sellers (such transaction, together with the other transactions contemplated by the
Transaction Agreement, the “Transactions”); and

 

WHEREAS, as a condition
to the willingness of the Sellers and Strike to enter into the Transaction Agreement, and as an inducement and in consideration
therefor, the Shareholders are executing this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual premises, representations, warranties, covenants and agreements contained herein,
the Parties, intending to be legally bound, hereby agree as follows:

 

ARTICLE I 

DEFINITIONS

 

Section 1.01 Capitalized
Terms. For purposes of this Agreement, capitalized terms used and not defined herein shall have the respective meanings ascribed
to them in the Transaction Agreement.

 

     

     

    

 

ARTICLE II 

VOTING AGREEMENT

 

Section 2.1 Agreement
to Vote the Subject Shares. Each Shareholder hereby unconditionally and irrevocably agrees that, during the Voting Period,
at any duly called meeting of the shareholders of Buyer (or any adjournment or postponement thereof), and in any action by written
consent of the shareholders of Buyer requested by Buyer’s board of directors or undertaken as contemplated by the Transactions,
such Shareholder shall, if a meeting is held, appear at the meeting, in person or by proxy, or otherwise cause its Subject Shares
to be counted as present thereat for purposes of establishing a quorum, and it shall vote or consent (or cause to be voted or
consented), in person or by proxy, all of its Subject Shares (a) in favor of the adoption of the Transaction Agreement and approval
of the Transactions and in favor of any proposal submitted to shareholders for approval in connection with the re-domestication
of the Company from the Cayman Islands to Delaware (the “Domestication”) (and any actions required in furtherance
thereof), (b) against any action, proposal, transaction or agreement that would result in a breach in any respect of any representation,
warranty, covenant, obligation or agreement of Buyer contained in the Transaction Agreement, (c) in favor of the proposals set
forth in Buyer’s proxy statements (including in favor of the election of the designees to the board of directors of Buyer
set forth on Schedule II hereto) to be filed by Buyer with the SEC relating to the Buyer’s Domestication and the Transactions
(including any proxy supplements thereto, the “Proxy Statements”), (d) for any proposal to adjourn or postpone
the applicable special meeting to a later date if there are not sufficient votes for approval of the Domestication or the Transaction
Agreement and any other proposals related thereto as set forth in the Proxy Statements on the dates on which such meetings are
held and (e) except as set forth in the Proxy Statements, against the following actions or proposals: (i) any Buyer Acquisition
Transaction or any proposal in opposition to approval of the Domestication or the Transaction Agreement or in competition with
or materially inconsistent with the Domestication or the Transaction Agreement; and (ii) (A) any change in the present capitalization
of Buyer or any amendment of the memorandum and articles of incorporation of Buyer, except to the extent expressly contemplated
by the Transaction Agreement , the exhibits thereto and the Domestication, (B) any liquidation, dissolution or other change in
Buyer’s corporate structure or business; provided that, for the avoidance of doubt, the Domestication shall not be considered
a change in Buyer’s corporate structure or business, (C) any action, proposal, transaction or agreement that would result
in a breach in any material respect of any covenant, representation or warranty or other obligation or agreement of a Shareholder
under this Agreement, or (D) any other action or proposal involving Buyer or any of its subsidiaries that is intended, or would
reasonably be expected, to prevent, impede, interfere with, delay, postpone or adversely affect the Domestication or the Transactions
or would reasonably be expected to result in any of Buyer’s closing conditions or obligations under the Transaction Agreement
not being satisfied. Each of the Shareholders agrees not to, and shall cause its Affiliates not to, enter into any agreement,
commitment or arrangement with any Person, the effect of which would be inconsistent with or violative of the provisions and agreements
contained in this Article II.

 

Section 2.2 No
Obligation as Director or Officer. Nothing in this Agreement shall be construed to impose any obligation or limitation on
votes or actions taken by any director, officer, employee, agent or other representative (collectively, “Representatives”)
of any Shareholder or by any Shareholder that is a natural person, in each case, in his or her capacity as a director or officer
of Buyer.

 

ARTICLE III 

COVENANTS

 

Section 3.1 Generally.

 

(a) Each
of the Shareholders agrees that during the Voting Period it shall not, and shall cause its Affiliates not to, without the Strike’s
prior written consent (except to a permitted transferee as set forth in Sections 7(c) and 5(c) in those certain letter agreements,
dated as of November 2, 2017 and January 31, 2018, respectively, by and between Buyer, Sponsor and the other signatories thereto
(the “Insider Letters”) who agree in writing to be bound by the terms of this Agreement), which consent shall
not be unreasonably conditioned, delayed or withheld: (i) offer for sale, sell (including short sales), transfer, tender, pledge,
encumber, assign or otherwise dispose of (including by gift) (collectively, a “Transfer”), or enter into any
contract, option, derivative, hedging or other agreement or arrangement or understanding (including any profit-sharing arrangement)
with respect to, or consent to, a Transfer of, any or all of the Subject Shares; (ii) grant any proxies or powers of attorney
with respect to any or all of the Subject Shares; (iii) permit to exist any lien of any nature whatsoever with respect to any
or all of the Subject Shares; or (iv) take any action that would have the effect of preventing, impeding, interfering with or
adversely affecting such Shareholder’s ability to perform its obligations under this Agreement.

 

    	 	2	 

     

    

 

(b) In
the event of a stock dividend or distribution, or any change in the Ordinary Shares or Warrants by reason of any stock dividend
or distribution, split-up, recapitalization, combination, conversion, exchange of shares or the like, the term “Subject
Shares” shall be deemed to refer to and include the Subject Shares as well as all such stock dividends and distributions
and any securities into which or for which any or all of the Subject Shares or Warrants may be changed or exchanged or which are
received in such transaction. Each of the Shareholders agrees, while this Agreement is in effect, to notify Strike promptly in
writing (including by e-mail) of the number of any additional Ordinary Shares acquired by such Shareholder, if any, after the
date hereof.

 

(c) Each
of the Shareholders agrees, while this Agreement is in effect, not to take or agree or commit to take any action that would make
any representation and warranty of such Shareholder contained in this Agreement inaccurate in any material respect. Each of the
Shareholders further agrees that it shall use its reasonable best efforts to cooperate with Strike and the Sellers to effect the
transactions contemplated hereby and the Transactions.

 

Section 3.2 Standstill
Obligations of the Shareholders. Each of the Shareholders covenants and agrees with Strike that, during the Voting Period:

 

(a) None
of the Shareholders shall, nor shall any Shareholder act in concert with any person to make, or in any manner participate in,
directly or indirectly, a “solicitation” of “proxies” or consents (as such terms are used in the proxy
solicitation rules of the SEC) or powers of attorney or similar rights to vote, or seek to advise or influence any person with
respect to the voting of, any Ordinary Shares in connection with any vote or other action with respect to a business combination
transaction, other than to recommend that shareholders of Buyer vote in favor of approval of the Domestication and the Transaction
Agreement and in favor of approval of the other proposals set forth in the Proxy Statements (including the election of the directors
set forth on Schedule II hereto) (and any actions required in furtherance thereof and otherwise as expressly provided by Article
II of this Agreement).

 

(b) None
of the Shareholders shall, nor shall any Shareholder act in concert with any person to, deposit any of the Subject Shares in a
voting trust or subject any of the Subject Shares to any arrangement or agreement with any person with respect to the voting of
the Subject Shares, except as provided by Article II of this Agreement.

 

Section 3.3 Stop
Transfers. Each of the Shareholders agrees with, and covenants to, Strike that such Shareholder shall not request that Buyer
register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any Subject Shares
during the term of this Agreement without the prior written consent of Strike other than pursuant to a transfer permitted by Section
3.1(a) of this Agreement.

 

Section 3.4 Consent
to Disclosure. Each Shareholder hereby consents to the publication and disclosure in the Proxy Statements (and, as and to
the extent otherwise required by the federal securities laws or the SEC or any other securities authorities, any other documents
or communications provided by Buyer, Strike or the Sellers to any Governmental Authority or to securityholders of Buyer) of such
Shareholder’s identity and beneficial ownership of Subject Shares and the nature of such Shareholder’s commitments,
arrangements and understandings under and relating to this Agreement and, if deemed appropriate by Buyer, Strike or the Sellers,
a copy of this Agreement. Each Shareholder will promptly provide any information reasonably requested by Buyer, Strike or the
Sellers for any regulatory application or filing made or approval sought in connection with the Transactions (including filings
with the SEC).

 

Section 3.5 Notices
of Certain Events. Each Party shall notify the other Parties hereto of any development occurring after the date hereof that
causes, or that would reasonably be expected to cause, any breach in any material respect of any of the representations and warranties
of such Party set forth in this Agreement.

 

    	 	3	 

     

    

 

Section 3.6 Waiver
of Additional Warrants. Each Shareholder hereby unconditionally and irrevocably agrees to waive any and all rights that such
Shareholder has or may have (including pursuant to the Insider Letters or otherwise) to receive any additional warrants for any
equity securities of the Buyer or any of its Subsidiaries, whether in connection with the repayment of any loans to Buyer or otherwise.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF SHAREHOLDERS

 

Each of the Shareholders hereby represents
and warrants, severally but not jointly, to Strike as follows:

 

Section 4.1 Binding
Agreement. Such Shareholder (a) if a natural person, is of legal age to execute this Agreement and is legally competent to
do so, and (b) if not a natural person, (i) is a corporation, limited liability company or partnership duly organized and validly
existing under the laws of the jurisdiction of its organization and (ii) has all necessary power and authority to execute and
deliver this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and
the consummation of the transactions contemplated hereby by such Shareholder has been duly authorized by all necessary corporate,
limited liability or partnership action on the part of such Shareholder, as applicable. This Agreement, assuming due authorization,
execution and delivery hereof by Strike, constitutes a legal, valid and binding obligation of such Shareholder, enforceable against
such Shareholder in accordance with its terms (except as such enforceability may be limited by bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and other similar laws of general applicability relating to or affecting creditor’s
rights, and to general equitable principles).

 

Section 4.2 Ownership
of Shares. Schedule I hereto sets forth opposite such Shareholder’s name the number of Ordinary Shares and the number
of Warrants over which such Shareholder has beneficial ownership as of the date hereof. As of the date hereof, such Shareholder
is the lawful owner of the Ordinary Shares and Warrants denoted as being owned by such Shareholder on Schedule I and has the sole
power to vote or cause to be voted such Ordinary Shares and, assuming the exercise of the Warrants, the Ordinary Shares underlying
such Warrants. Such Shareholder has good and valid title to the Ordinary Shares and Warrants denoted as being owned by such Shareholder
on Schedule I, free and clear of any and all pledges, mortgages, encumbrances, charges, proxies, voting agreements, Liens, adverse
claims, options, security interests and demands of any nature or kind whatsoever, other than those created by this Agreement,
those imposed by the Insider Letters and those imposed by applicable law, including federal and state securities laws. There are
no claims for finder’s fees or brokerage commission or other like payments in connection with this Agreement or the transactions
contemplated hereby payable by such Shareholder pursuant to arrangements made by such Shareholder. Except for the Ordinary Shares
and Warrants denoted on Schedule I, as of the date of this Agreement, such Shareholder is not a beneficial owner or record holder
of any (i) equity securities of Buyer, (ii) securities of Buyer having the right to vote on any matters on which the holders of
equity securities of Buyer may vote or which are convertible into or exchangeable for, at any time, equity securities of Buyer,
or (iii) options or other rights to acquire from Buyer any equity securities or securities convertible into or exchangeable for
equity securities of Buyer.

 

Section 4.3 No Conflicts.

 

(a) No
filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other person
is necessary for the execution of this Agreement by such Shareholder and the consummation by such Shareholder of the transactions
contemplated hereby. If such Shareholder is a natural person, no consent of such Shareholder’s spouse is necessary under
any “community property” or other laws in order for such Shareholder to enter into and perform its obligations under
this Agreement.

 

(b) None
of the execution and delivery of this Agreement by such Shareholder, the consummation by such Shareholder of the transactions
contemplated hereby or compliance by such Shareholder with any of the provisions hereof shall (i) conflict with or result in any
breach of the organizational documents of such Shareholder, as applicable, (ii) result in, or give rise to, a violation or breach
of or a default under any of the terms of any material contract, understanding, agreement or other instrument or obligation to
which such Shareholder is a party or by which such Shareholder or any of such Shareholder’s Subject Shares or assets may
be bound, or (iii) violate any applicable order, writ, injunction, decree, law, statute, rule or regulation of any Governmental
Authority, except for any of the foregoing in clauses (i) through (iii) as would not reasonably be expected to impair such Shareholder’s
ability to perform its obligations under this Agreement in any material respect.

 

    	 	4	 

     

    

 

Section 4.4 Reliance
by Strike and the Sellers. Such Shareholder understands and acknowledges that Strike and the Sellers are entering into the
Transaction Agreement in reliance upon the execution and delivery of this Agreement by the Shareholders.

 

Section 4.5 No
Inconsistent Agreements. Such Shareholder hereby covenants and agrees that, except for this Agreement, such Shareholder (a)
has not entered into, nor will enter into at any time while this Agreement remains in effect, any voting agreement or voting trust
with respect to such Shareholder’s Subject Shares inconsistent with such Shareholder’s obligations pursuant to this
Agreement, (b) has not granted, nor will grant at any time while this Agreement remains in effect, a proxy, a consent or power
of attorney with respect to such Shareholder’s Subject Shares and (c) has not entered into any agreement or knowingly taken
any action (nor will enter into any agreement or knowingly take any action) that would make any representation or warranty of
such Shareholder contained herein untrue or incorrect in any material respect or have the effect of preventing such Shareholder
from performing any of its material obligations under this Agreement.

 

Section 4.6 Shareholder
Has Adequate Information. Such Shareholder is a sophisticated shareholder and has adequate information concerning the business
and financial condition of Buyer, Strike and the Sellers to make an informed decision regarding the transactions contemplated
by the Transaction Agreement and has independently and without reliance upon Buyer, Strike or the Sellers and based on such information
as such Shareholder has deemed appropriate, made its own analysis and decision to enter into this Agreement. Such Shareholder
acknowledges that Strike and the Sellers have not made and does not make any representation or warranty, whether express or implied,
of any kind or character except as expressly set forth in this Agreement. Such Shareholder acknowledges that the agreements contained
herein with respect to the Subject Shares held by such Shareholder are irrevocable.

 

ARTICLE V

REPRESENTATIONS AND WARRANTIES OF STRIKE

 

Strike hereby represents
and warrants to the Shareholders, as follows:

 

Section 5.1 Binding
Agreement. Strike is duly organized and validly existing under the laws of its jurisdiction of formation and has all necessary
power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution
and delivery of this Agreement and the consummation of the transactions contemplated hereby by Strike have been duly authorized
by all necessary actions on the part of Strike. This Agreement, assuming due authorization, execution and delivery hereof by the
Shareholders, constitutes a legal, valid and binding obligation of Strike enforceable against it in accordance with its terms
(except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and other
similar laws of general applicability relating to or affecting creditor’s rights, and to general equitable principles).

 

Section 5.2 No Conflicts.

 

(a) No
filing with, or notification to, any Governmental Authority, and no consent, approval, authorization or permit of any other person
is necessary for the execution of this Agreement by and the consummation by Strike of the transactions contemplated hereby.

 

    	 	5	 

     

    

 

(b) None
of the execution and delivery of this Agreement by Strike, the consummation by Strike of the transactions contemplated hereby
or compliance by Strike with any of the provisions hereof shall (i) conflict with or result in any breach of the organizational
documents of Strike, (ii) result in, or give rise to, a violation or breach of or a default under any of the terms of any material
contract, understanding, agreement or other instrument or obligation to which Strike is a party or by which Strike or any of its
assets may be bound, or (iii) violate any applicable order, writ, injunction, decree, law, statute, rule or regulation of any
Governmental Authority, except for any of the foregoing as would not reasonably be expected to impair Strike’s ability to
perform its obligations under this Agreement in any material respect.

 

ARTICLE VI

TERMINATION

 

Section 6.1 Termination.
This Agreement shall automatically terminate, without any further action by the Parties, and none of Strike or the Shareholders
shall have any rights or obligations hereunder, and this Agreement shall become null and void and have no effect upon the earliest
to occur of: (a) as to each Shareholder, the mutual written consent of Strike and such Shareholder, (b) the Closing Date (following
the performance of the obligations of the Parties required to be performed on the Closing Date) and (c) the date of termination
of the Transaction Agreement in accordance with its terms. The termination of this Agreement shall not prevent any Party hereunder
from seeking any remedies (at law or in equity) against another Party or relieve such Party from liability for such Party’s
breach of any terms of this Agreement. Notwithstanding anything to the contrary herein, the provisions of Article VI shall survive
the termination of this Agreement.

 

ARTICLE VII

MISCELLANEOUS

 

Section 7.1 Further
Assurances. From time to time, at the other Party’s request and without further consideration, each Party shall execute
and deliver such additional documents and take all such further action as may be reasonably necessary or desirable to consummate
the transactions contemplated by this Agreement.

 

Section 7.2 Fees
and Expenses. Each of the Parties shall be responsible for its own fees and expenses (including, without limitation, the fees
and expenses of investment bankers, accountants and counsel) in connection with the entering into of this Agreement and the consummation
of the transactions contemplated hereby.

 

Section 7.3 No
Ownership Interest. Nothing contained in this Agreement shall be deemed to vest in Strike any direct or indirect ownership
or incidence of ownership of or with respect to any Subject Shares.

 

Section 7.4 Amendments,
Waivers, etc. This Agreement may not be amended, changed, supplemented, waived or otherwise modified, except upon the execution
and delivery of a written agreement executed by each of the Parties. The failure of any Party to exercise any right, power or
remedy provided under this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance
by any other Party with its obligations hereunder, and any custom or practice of the Parties at variance with the terms hereof
shall not constitute a waiver by such Party of its right to exercise any such or other right, power or remedy or to demand such
compliance.

 

    	 	6	 

     

    

 

Section 7.5 Notices.
All notices or other communications, including service of process, required or permitted hereunder shall be in writing and shall
be deemed given or delivered and received on the earliest of (a) the day when delivered, if delivered personally, (b) one Business
Day after deposit with a nationally-recognized courier or overnight service such as Federal Express (or upon any earlier receipt
confirmed in writing by such service), (c) five Business Days after mailing via U.S. certified mail, return receipt requested,
or (d) the date, with no mail undeliverable or other rejection notice, if sent by email, in each case addressed as follows:

 

	 
	(a)	If
    to Strike:

 

Strike Capital, LLC

1800 Hughes Landing Blvd., Suite 500

The Woodlands, TX 77380

Attention: Stephen V. Pate and Rhonda Sigman

Email: steve.pate@strikeusa.com and rhonda.sigman@strikeusa.com

 

with a copy to (which will not constitute
notice):

 

Jones Day

2727 North Harwood Street

Dallas, Texas 75201

Attention: Alain Dermarkar and Ira White

Email: adermarkar@jonesday.com and iwhite@jonesday.com

 

	 	(b)	If
    to any of the Shareholders:

 

c/o Sentinel Energy Services Inc.

700 Louisiana Street, Suite 2700

Houston, Texas 77002

Attention: Krishna Shivram

Email: krishna@sentinelenergyservices.com

 

with copies (which shall not constitute
notice) to:

 

Winston & Strawn LLP

2121 N. Pearl Street, Suite 900

Dallas, TX 75201

Attention: David Lange

Email: dlange@winston.com

 

Section 7.6 Headings.
The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation
of this Agreement.

 

Section 7.7 Severability.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of law or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any Party. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

 

Section 7.8 Entire
Agreement; Assignment. This Agreement (together with the Transaction Agreement, to the extent referred to herein, and the
schedules hereto) constitutes the entire agreement among the Parties with respect to the subject matter hereof and supersedes
all prior agreements and undertakings, both written and oral, among the Parties, or any of them, with respect to the subject matter
hereof. Except for transfers permitted by Section 3.1, this Agreement shall not be assigned by operation of law or otherwise without
the prior written consent of the other Party.

 

    	 	7	 

     

    

 

Section 7.9 Certificates.
Promptly following the date of this Agreement, each Shareholder shall advise Buyer’s transfer agent in writing that such
Shareholder’s Subject Shares are subject to the restrictions set forth herein and, in connection therewith, provide Buyer’s
transfer agent in writing with such information as is reasonable to ensure compliance with such restrictions.

 

Section 7.10 Parties
in Interest. This Agreement shall be binding upon and inure solely to the benefit of each Party, and nothing in this Agreement,
express or implied, is intended to or shall confer upon any other person any rights, benefits or remedies of any nature whatsoever
under or by reason of this Agreement. Notwithstanding the foregoing, the Sellers shall be deemed to be third party beneficiaries
to this Agreement and shall have the right to enforce such Agreement directly to the extent they may deem such enforcement necessary
or advisable to protect its rights hereunder.

 

Section 7.11 Interpretation.
The references herein to Sections, Articles and Schedules, unless otherwise indicated, are references to Sections and Articles
of and Schedules to this Agreement. Words used herein, regardless of the number and gender specifically used, shall be deemed
and construed to include any other number, singular or plural, and any other gender, masculine, feminine or neuter, as the context
requires. Any reference to a Law shall include any amendment thereof or any successor thereto and any rules and regulations promulgated
thereunder. Any reference to any Contract is a reference to it as amended, modified and supplemented from time to time. In this
Agreement, except to the extent that the context otherwise requires: (a) “days” means calendar days unless otherwise
indicated; (b) whenever the words “include,” “includes” or “including” are used in this Agreement,
they are deemed to be followed by the words “without limitation”; (c) the words “hereof,” “herein”
and “hereunder” and words of similar import, when used in this Agreement, refer to this Agreement as a whole and not
to any particular provision of this Agreement; and (d) references to a Person are also to its permitted successors and assigns.
This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the
Party drafting or causing any instrument to be drafted.

 

Section 7.12 Governing
Law. This Agreement shall be governed by, and construed in accordance with, the internal Laws of the State of Delaware (without
reference to its choice of Law rules).

 

Section 7.13 Specific
Performance; Jurisdiction. The Parties agree that irreparable damage would occur in the event that any of the provisions of
this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed
that the Parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically
the terms and provisions of this Agreement in the Court of Chancery of the State of Delaware (or, if the Court of Chancery of
the State of Delaware lacks jurisdiction, then in the applicable Delaware state court) or, if under applicable Law exclusive jurisdiction
over such matter is vested in the federal courts, any court of the United States located in the State of Delaware (or any court
in which appeal from such courts may be taken), this being in addition to any other remedy to which such Party is entitled at
law or in equity. In addition, each of the Parties (a) consents to submit itself to the personal jurisdiction of the Court of
Chancery of the State of Delaware or any court of the United States located in the State of Delaware (or any court in which appeal
from such courts may be taken) in the event any dispute arises out of this Agreement or any of the transactions contemplated by
this Agreement, (b) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for
leave from any such court, (c) agrees that it will not bring any Action relating to this Agreement or any of the transactions
contemplated by this Agreement in any court other than the Court of Chancery of the State of Delaware or, if under applicable
law exclusive jurisdiction over such matter is vested in the federal courts, any court of the United States located in the State
of Delaware (or any court in which appeal from such courts may be taken) and (d) consents to service being made through the notice
procedures set forth in Section 7.5. Each of the Shareholders and Strike hereby agrees that service of any process, summons, notice
or document by U.S. registered mail to the respective addresses set forth in Section 7.5 shall be effective service of process
for any proceeding in connection with this Agreement or the transactions contemplated hereby.

 

    	 	8	 

     

    

 

Section 7.14 Waiver
of Jury Trial. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE TO
A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH OF THE PARTIES (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THAT
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.14.

 

Section 7.15 Execution
in Counterparts. This Agreement may be executed in counterparts, each of which shall be considered an original instrument,
but all of which shall be considered one and the same agreement, and shall become binding when one or more counterparts have been
signed by each of the Parties and delivered to the other Party. A signed copy of this Agreement delivered by facsimile, email
or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy
of this Agreement.

 

Section 7.16 No
Partnership, Agency or Joint Venture. This Agreement is intended to create a contractual relationship between the Shareholders,
on the one hand, and Strike, on the other hand, and is not intended to create, and does not create, any agency, partnership, joint
venture or any like relationship between or among the Parties. Without limiting the generality of the foregoing sentence, each
of the Shareholders (a) is entering into this Agreement solely on its own behalf and shall not have any obligation to perform
on behalf of any other holder of Ordinary Shares or any liability (regardless of the legal theory advanced) for any breach of
this Agreement by any other holder of Ordinary Shares and (b) by entering into this Agreement does not intend to form a “group”
for purposes of Rule 13d-5(b)(1) of the Exchange Act or any other similar provision of applicable law. Each of the Shareholders
has acted independently regarding its decision to enter into this Agreement and regarding its investment in Buyer.

 

[Remainder of Page Intentionally Left
Blank]

 

    	 	9	 

     

    

 

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

 

	 	STRIKE
    CAPITAL, LLC
	 	 	 
	 	By:	/s/ Stephen
    V. Pate
	 	 	Name: Stephen
    V. Page
	 	 	Title: Manager

 

    	 	10	 

     

    

 

	 	Sentinel
    Management Holdings, LLC
	 	 	 
	 	By:	/s/ Charles
    S. Leykum
	 	 	Name: Charles
    S. Leykum
	 	 	Title: Managing
    Member
	 	 	 
	 	CHARLES S. LEYKUM
	 	 	 
	 	/s/ Charles S. Leykum
	 	 	 
	 	MARC ZENNER
	 	 	 
	 	/s/ Marc Zenner
	 	 	 
	 	JON A. MARSHALL
	 	 	 
	 	/s/ Jon A. Marshall

 

    	 	11	 

     

    

 

SCHEDULE I

 

Beneficial Ownership of Securities

 

	Shareholder	 	Number of Shares	 	 	Number of Warrants	 
	Sentinel Management Holdings, LLC	 	 	8,550,000	 	 	 	5,933,333	 
	Charles S. Leykum	 	 	8,550,000	 	 	 	—	 
	Jon A. Marshall	 	 	37,500	 	 	 	—	 
	Marc Zenner	 	 	37,500	 	 	 	—	 
	Total	 	 	8,625,000	 	 	 	5,933,333	 

 

     

     

    

 

SCHEDULE II

 

Directors

 

Stephen V. Pate

Lee Gardner

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