Document:

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (“Agreement”) is made, entered into, and has an effective date of January 1, 2019 (the
“Effective Date”), by and between Greenway Innovative Energy, Inc. (GIE) a wholly owned subsidiary of Greenway
Technologies, Inc. a Texas Corporation, with its principal place of business located at. 1521 N. Cooper Street, Suite 205
Arlington, TX 76011 (“Company”), and Tom Phillips, an individual located at 239 West Jefferson Blvd. Dallas, TX
75208 (“Employee”) (individually, a “Party”; collectively, the “Parties”).

 

RECITALS

 

WHEREAS,
Company desires to employ Employee, and Employee desires to be employed as Vice President of Operations for its wholly owned
subsidiary Greenway Innovative Energy, Inc. (GIE) and;

 

WHEREAS,
Company desires to have an employment agreement with Employee as its Vice President of Operations for GIE, subject to the
terms and conditions of this Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants and conditions contained herein, the Parties hereto hereby agree as follows:

 

AGREEMENT

 

	1.	Term
    of Employment.

 

a.
Specified Period. Company hereby employs Employee and Employee accepts employment with Company for a period of fifteen
months beginning on January 1, 2019.

 

b. Renewal. This Agreement is subject to automatic renewal annually each March 31st beginning March 31, 2020, and with the same terms
and conditions as set forth herein, unless either this Agreement is terminated pursuant to Section 8 hereof or a Party gives written
notice to the other Party of its intent to terminate, at least 60 days prior to expiration of the then-current term. The first
such annual term shall be defined as the “Initial Term”.

 

c.
Employment Term Defined. “Employment term” refers to the entire period of employment of Employee by Company,
whether for the period provided above, or whether terminated earlier as hereinafter provided or extended by mutual agreement between
Company and Employee.

 

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	2.	Duties and Obligations of Employee.

 

Employee shall serve as Vice President
of Operations and shall report to the President of GIE.

 

Employee shall faithfully and
diligently perform all services and duties as may be requested and required of Employee by the President. Employee shall
devote such time and attention on an exclusive basis to oversee the operations of the Company’s. Employee at all times
during the employment term shall strictly adhere to and obey all policies, rules and regulations established from time to
time governing the conduct of employees of the Company.

 

	3.	Exclusivity,
    Non-Disclosure.

 

a. Devotion
to Company Business. Employee agrees to perform Employee’s services efficiently and to the best of Employee’s
ability. Employee agrees throughout the term of this Agreement to devote his time, energy and skill to the business of the
Company and to the promotion of the best interests of the Company; provided, however, that nothing in this Agreement shall
preclude the Employee from devoting time required:

 

	 	(i)	for serving as a director or officer of any organization or entity that does not compete with the Company or any other businesses in which the Company is directly involved or becomes involved as a function of Employee’s duties;
	 	(ii)	delivering lectures or fulfilling speaking engagements;
	 	(iii)	engaging in charitable and community activities, including sitting on any Boards of Directors and/or committees of such organizations related to such activities or
	 	(iv)	participating in other non- competing ventures that allow Employee to make a living and pay bills; provided, however, that such activities do not interfere with the performance of his duties hereunder.

 

b. Trade
Secrets. Employee agrees that he shall not at any times, either during or subsequent to his employment term, unless
expressly consented to in writing by Company, either directly or indirectly use or disclose to any person or entity any
confidential information of any kind, nature or description concerning any matters affecting or relating to the business of
Company, including, but not limited to, information concerning the customers of Company, Company’s marketing methods,
compensation paid to employees, independent contractors or suppliers and other terms of their employment or contractual
relationships, financial and business records, know-how, or any other information concerning the business of Company, its
manner of operations, or other data of any kind, nature or description. Employee agrees that the above information and items
are important, material and confidential trade secrets and these affect the successful conduct of Company’s business
and its goodwill.

 

c. Inventions
and Patents. Employee agrees to disclose and to assign immediately to the Company, or to any persons designated by the
Company, or at the Company’s option, any of the Company’s successors or assigns, all inventions or
improvements relating to the Company’s GTL business which are or were made, conceived or reduced to practice by
Employee, whether acting independently or with others, during the course of Employee’s employment with the Company.

 

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d.
Third Party Information. Employee recognizes that the Company has received and, in the future, will receive from third
parties their confidential or proprietary information subject to a duty on the Company’s part to maintain the confidentiality
of such information and to use it only for certain limited purposes. Employee agrees to hold all such confidential or proprietary
information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary
in carrying out Employee’s work for the Company consistent with the Company’s agreement with such third party.

 

	4.	Solicitation
    of Employees. Employee agrees that for a period of eighteen (18) months immediately following the termination of Employee’s
    relationship with the Company for any reason, whether with or without good cause or for any or no cause, at the option either
    of the Company or Employee, with or without notice, Employee will not hire any employees of the Company and will not, either
    directly or indirectly, solicit, induce, recruit or encourage any of the Company’s employees to leave their employment,
    or take away such employees, or attempt to solicit, induce, recruit, encourage or take away employees of the Company, either
    for Employee or for any other person or entity Employee or for any other person or entity.
	 	 
	5.	Noncompetition
    Covenants. Employee further agrees that during the period of employment by the Company and for a period of two (2) years
    thereafter, regardless of the reason for the termination of such employment, Employee will not, directly or indirectly, whether
    alone or as a partner, joint venture, officer, director, consultant, employee, independent contractor or stockholder of any
    company or business organization, engage in any business activity and/or accept employment with any person or entity, which
    is or may be directly or indirectly in competition with the products or services being marketed, promoted, distributed, developed,
    planned, sold or otherwise provided by the Company.

 

The ownership by Employee of not
more than a) one percent of the shares of capital stock of any publicly traded corporation having a class of equity securities
traded on a national securities exchange shall not be deemed, in and of itself, to violate this section. Employee may own any
percentage of private companies without violating this Section.

 

	6.	Compensation.

 

a. Salary.
Subject to the termination of this Agreement as provided herein, Company shall compensate Employee for his services hereunder
at an annual salary of $120,000.00 and payable in accordance with the Company’s practices, less normal
payroll deductions, and prorated for the actual employment term. In the event the Company does not have sufficient cash on
hand to pay such monthly Base Salary, Employee agrees to voluntarily defer such payment(s) until such time as sufficient cash
is available to make such payments. Such “Deferred Compensation”, if any, shall be a priority payment when cash
is sufficient to make such payment(s) in conjunction with advice and counsel from the Company’s Chief Financial
Officer, as to what constitutes cash sufficiency from time-to time. If there is disagreement with the CFO’s position as
to what constitutes cash sufficiency, the Employee shall request the Board of Directors to make such a
determination.

 

b. Deferred
Salary. Any and all amounts due Employee for services prior to the Effective Date of this Agreement shall be
considered Deferred Compensation.

 

c.
Stock Compensation. Employee shall receive five million, (5,000,000) shares, of the Company’s common stock, par value
$.0001 per share (the “Common Stock”), restricted pursuant to Rule 144, at no cost to Employee and be delivered within
thirty (30) business days of the Execution Date or as soon as the shares are available for issuance after that date.

 

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d. Salary
Increases; Bonuses. Employee may receive such annual increases in salary and such additional compensation
as may be determined by the Board of Directors of the Company in its sole discretion. Such salary increases, and/or additional
compensation shall be paid to Employee on the anniversary date of this Agreement during the Employment Term, and at such other
times as may be determined by the Board of Directors.

 

e. Employee
Incentives. Employee shall be entitled to receive incentives under all incentive plans made available by Company or in
the future to similarly situated employees, subject to the terms, conditions and overall administration of such plans,
including but not limited to stock options, profit sharing, and any other incentive plans that the Company has or will make
available to similarly situated employees.

 

In
addition, the Employee shall be entitled to the following incentives.

 

	 	1.	Upon
    the Sale or License of First G-Reformer, Employee shall receive a bonus of one million (1,000,000) shares of Company
    stock,     restricted pursuant to Rule 144, which will be issued when the first G reformer has been licensed.
	 	 	 
	 	2.	Upon
    the Sale or License of first GWTI developed F/T Unit, Employee shall receive a bonus of one million (1,000,000) shares
    of Company stock, restricted pursuant to Rule 144, which will be issued when the first GWTI developed F/T  Unit has
    been licensed.

 

	7.	Employee
    Benefits.

 

a. Vacation.
Employee shall be entitled, during each employment year, to four weeks’ vacation, per annum, non-cumulative. Employee
may be absent from his employment for Vacation only at such times as may be convenient to Company and Employee. Should
Company require Employee’s time during each annual term of this Agreement such that Employee can’t use the entire
vacation time allotted, Company shall allow Employee to carry over any unused vacation to the next annual term. Should this
Agreement be terminated by either Party, Company shall pay Employee for any unused vacation at the rate of $57.69231 per
hour.

 

b. Medical
Coverage. Company agrees to include Employee in the coverage of is medical and dental insurance when and if
implemented.

 

c.
Plan Participation. Employee shall be entitled to participate in or to receive benefits under all of Company’s executive
employee benefit plans made available by Company or in the future to similarly situated employees, subject to the terms, conditions
and overall administration of such plans, including but not limited to 401(k) plans, IRA plans, E.R.I.S.A Plans, any other retirement
or benefit plans that the Company has made available to similarly situated employees.

 

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	8.	Business
    Expenses.

 

Employee
will be required to incur travel, meals, entertainment and other business expenses on behalf of the Company in the
performance of Employee’s duties hereunder. Company will reimburse Employee for all such reasonable business expenses
incurred by Employee within 21 calendar days in connection with Company’s business upon presentation of receipts or
other acceptable documentation of the expenditures. In compensating Employee for expenses, the ordinary and usual business
guidelines and documentation requirements shall be adhered to by Company and Employee. Company will pay for any Employee
expenses on behalf of the Company directly if any Deferred Compensation is owed to Employee.

 

	9.	Termination
    of Employment.

 

(1)
Termination for Cause. For purposes of this Agreement, “Cause” shall mean the occurrence of any one of the
following events:

 

(a)
Employee’s material breach of any provision of this Agreement or of Executive Employee Confidentiality, Non-Competition
and Invention Assignment Agreement of evendate herewith, entered by and between the Company and Employee, which breach is not
cured within ten days after the Company provides Employee with written notice of the nature and existence of such material breach;

 

(b)
Employee’s willful refusal to obey written directions of Employee’s supervisor of the Company (so long as such
directions do not involve illegal or immoral or otherwise improper acts), which refusal continues for a period of five
business days after notice to Employee by the Company, and which notice references such refusal and this Section8.

 

(c)
Employee’s failure to perform Employee’s duties and responsibilities with diligence and in accordance with the
written productivity and quality requirements of the Company, which failure continues for a period of ten business days after
written notice to Employee by the Company of Employee’s failure to perform; provided, however, that if Employee has
been provided written notice pursuant to this Section 8 on two separate occasions during the Initial Term, any subsequent
failure by Employee to perform Employee’s duties and responsibilities in accordance with the Company’s
requirements shall constitute Cause and the Company shall not be required to provide any written notice or opportunity for
Employee to correct Employee’s performance prior to a termination of Employee’s employment by the
Company;

 

(d)
Employee’s repeated refusal to comply with Company written policies or requirements which are adopted by the Board of Directors
from time to time and which apply to Employee’s responsibilities;

 

(e)
Employee’s action, or failure to act, in violation of any provision of the Company’s standard published employee guidelines,
including but not limited to any policy concerning sexual harassment, substance abuse, as such policies may be in effect from
time to time, if such violation of the Company’s policy would generally result in the termination of employment of a Company
employee;

 

(f)
Fraud or dishonesty by Employee; or

 

(g)
If Employee is convicted or admits to the commission of a criminal offense or act of moral turpitude that constitutes a felony
in the jurisdiction in which the offense is committed.

 

(h)
The notice of termination required by this section shall specify the ground for the termination and shall be supported by a
statement of all relevant facts.

 

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 (2) Termination Upon Death or Disability.

 

i. Death.
This Agreement shall be terminated immediately upon the death of Employee. In the event of Employee’s death, the
Employee’s family shall continue to be covered by all the Company’s medical, health and dental plans as in
effect at such time, at the Company’s expense for at least six (6) months following the Employee’s death in
accordance with the terms of such plans. In the event such coverage would violate applicable law, Company shall take such
actions as it deems appropriate in good faith to provide the benefits described in the preceding sentence.

 

ii. Disability.
Company reserves the right to terminate this Agreement if, due to illness or injury, either physical or mental, Employee is
unable to perform Employee’s customary duties as an employee of Company, unless reasonable accommodation can be made to
allow Employee to continue working, for more than 30 days in the aggregate out of a period of 12 consecutive months. The
disability shall be determined by a certification from a physician. Such a termination shall be affected by giving ten
days’ written notice of termination to Employee. Termination pursuant to this provision shall not prejudice
Employee’s rights to receive disability insurance payments or the continued compensation pursuant to this
Agreement.

 

iii.
Termination under this section for either death or disability shall not be considered “for cause” for the
purposes of this Agreement.

 

(3). Effect
of Merger, Transfer of Assets, or Dissolution. Without the prior written consent of Employee, this Agreement shall not
be terminated by any voluntary or involuntary dissolution of Company resulting from a merger or consolidation in which
Company is not the consolidated or surviving corporation, or a transfer of all or substantially all the assets of Company. In
the event of any such merger or consolidation or transfer of assets, Employee’s rights, benefits, and obligations
hereunder shall be assigned to the surviving or resulting corporation or the transferee of Company’s assets, unless
Employee agrees otherwise.

 

(4) Payment on Termination. If Company terminates this Agreement ‘‘without cause,” it shall pay
“Severance Benefits” to the Employee. Severance Benefits shall mean, for purposes of this Agreement, a cash payment
equal to the aggregate compensation payable to the Employee during the remaining term of this Agreement, including all salary,
commissions, bonuses and other compensation.

 

(5) Termination by Employee.

 

i. Without
Cause. Employee may terminate this Agreement without cause upon 30 days’ prior written notice to
Company.

 

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ii. With
Cause. Employee may terminate this Agreement immediately with cause, in which event Employee shall receive the Payment on
Termination in accordance with Section 8(4) herein. For the purposes of this Agreement, “cause” for
termination by Employee shall be a breach of any material covenant or obligation hereunder; or the termination of this
Agreement without the prior written consent of Employee due to the voluntary or involuntary dissolution of the Company, any
merger or consolidation in which the Company is not the surviving or resulting corporation, or any transfer of all or
subsequently all the assets of Company.

 

	10.	General
    Provisions.

 

a.
Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties hereto their respective devisees,
legatees, heirs, legal representatives, successors, and permitted assigns. The preceding sentence shall not affect any restriction
on assignment set forth elsewhere in this Agreement.

 

b. Notices.
Any notice, request, instruction, or other document required by the terms of this Agreement, or deemed by any of the Parties
hereto to be desirable, to be given to any other party hereto shall be in writing and shall be given by personal delivery,
overnight delivery, mailed by registered or certified mail, postage prepaid, with return receipt requested, or sent by
facsimile/electronic transmission to the addresses of the Parties as follows:

 

	 	To Company:
	 	 
	 	 	Greenway
    Technologies, Inc
	 	 	Greenway
    Innovative Energy, Inc.
	 	 	1521
    N. Cooper Street, Suite 205
	 	 	Arlington,
    TX 76011 
	 	 	Attn:
    President
	 	 	 
	 	To Employee:
	 	 
	 	 	Tom
    Phillips
	 	 	239
    West Jefferson Blvd
	 	 	Dallas,
    TX 75208

 

The
persons and addresses set forth above may be changed from time to time by a notice sent as aforesaid. If notice is given by personal
delivery or overnight delivery in accordance with the provisions of this Section, such notice shall be conclusively deemed given
at the time of such delivery provided a receipt is obtained from the recipient. If notice is given by mail in accordance with
the provisions of this Section, such notice shall be conclusively deemed given upon receipt and delivery or refusal. If notice
is given by facsimile/electronic transmission in accordance with the provisions of this Section, such notice shall be conclusively
deemed given at the time of delivery if during business hours and if not during business hours, at the next business day after
delivery, provided a confirmation is obtained by the sender.

 

c.
Sums Due Deceased Employee. If Employee dies prior to the expiration of the employment term, any sums that may be due him
from Company under this Agreement as of the date of death shall be paid to Employee’s executors, administrators, heirs,
personal representatives, successors, and assigns within sixty days of Employees death.

 

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d. Assignment.
Subject to all other provisions of this Agreement, any attempt to assign or transfer this Agreement or any of the rights
conferred hereby, by judicial process or otherwise, to any person, firm, Company, or corporation without the prior written
consent of the other Party, shall be invalid, and may, at the option of such other Party, result in an incurable event of
default resulting in termination of this Agreement and all rights hereby conferred.

 

e.
Choice of Law. This Agreement and the rights of the parties hereunder shall be governed by and construed in accordance
with the laws of the State of Texas including all matters of construction, validity, performance, and enforcement and without
giving effect to the principles of conflict of laws.

 

f.
Jurisdiction. The parties submit to the jurisdiction of the Courts of the State of Texas or a Federal Court impaneled in
the State of Texas for the resolution of all legal disputes arising under the terms of this Agreement.

 

g. Indemnification.
Company shall indemnify, defend and hold Employee harmless, to the fullest extent permitted by law, for all claims, demands,
losses, costs, expenses, obligations, liabilities, damages, recoveries and deficiencies, including interest, penalties and
reasonable attorney’s fees that Employee shall incur or suffer that arise from, result from or relate to the discharge
of Employee’s duties under this Agreement. Company shall maintain adequate insurance for this purpose or shall advance
Employee any expenses incurred in defending any such proceeding or claim to the maximum extent permitted bylaw.

 

h.
Entire Agreement. Except as provided herein, this Agreement, including exhibits, contains the entire agreement of the Parties,
and supersedes all existing negotiations, representations, or agreements and all other oral, written, or other communications
between them concerning the subject matter of this Agreement. There are no representations, agreements, arrangements, or understandings,
oral or written, between and among the Parties hereto relating to the subject matter of this Agreement that are not fully expressed
herein.

 

i.
Severability. If any provision hereof is held to be illegal, invalid or unenforceable under present or future laws effective
during the term hereof, such provision shall be fully severable. This Agreement shall be construed and enforced as if such illegal,
invalid or unenforceable provision had never comprised a part hereof, and the remaining provisions hereof shall remain in full
force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance wherefrom. Furthermore,
in lieu of such illegal, invalid or unenforceable provision there shall be added automatically by the Company as a part hereof
a provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible and legal, valid and enforceable.

 

j.
Captions. The captions in this Agreement are inserted only as a matter of convenience and for reference and shall not be
deemed to define, limit, enlarge, or describe the scope of this Agreement or the relationship of the Parties, and shall not affect
this Agreement or the construction of any provisions herein.

 

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k.
Modification. No change, modification, addition, or amendment to this Agreement shall be valid unless in writing and signed
by all Parties hereto.

 

I. Attorneys’
Fees. In the event any Party hereto shall commence legal proceedings against the other to enforce the terms hereof, or
to declare rights hereunder, as the result of a breach of any covenant or condition of this Agreement, the prevailing Party
in any such proceeding shall be entitled to recover from the losing Party its costs of suit, including reasonable
attorneys’ fees, as may be fixed by the court.

 

m.
Taxes. Any income taxes required to be paid in connection with payments due hereunder, shall be borne by the Party receiving
such payment.

 

n.
Not for the Benefit of Creditors or Third Parties. The provisions of this Agreement are intended only for the regulation
of relations among the Parties. This Agreement is not intended for the benefit of creditors of the Parties or other third Parties
and no rights are granted to creditors of the Parties or other third Parties under this Agreement. Under no circumstances shall
any third party, who is a minor, be deemed to have accepted, adopted, or acted in reliance upon this Agreement.

 

o.
Counterparts. This Agreement may be executed in several counterparts and it shall not be necessary for each Party to execute
each of such counterparts, but when all of the parties have executed and delivered one of such counterparts, the counterparts,
when taken together, shall be deemed to constitute one and the same instrument, enforceable against each Party in accordance with
its terms.

 

p.
Facsimile Signatures. The parties hereto agree that this Agreement may be executed by facsimile signatures and such signatures
shall be deemed originals. The parties further agree that within ten days following the execution of this Agreement, they shall
exchange original signature pages.

 

SIGNATURE
PAGE TO FOLLOW

 

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IN WITNESS WHEREOF, the
Parties hereto have caused this Agreement to be duly executed as of the Effective Date.

 

 

 

    	10Exhibit

STOCK PURCHASE AGREEMENT
 
This STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of May 17, 2019, is entered into by and between StarTek Inc., a Delaware corporation (the “Corporation”), and each of the Purchasers set forth on the signature pages affixed hereto (each a “Purchaser” and collectively the “Purchasers”).

WHEREAS, upon the terms and conditions contained in this Agreement, the Purchasers desire to purchase, severally and not jointly, from the Corporation, and the Corporation desires to issue and sell to the Purchasers, 692,520 shares (the “Purchased Shares”) of Common Stock, par value $0.01 per share, of the Corporation; and 

WHEREAS, contemporaneous with the sale of the Purchased Shares, the Corporation and each of the Purchasers will execute and deliver a Registration Rights Agreement, in the form attached hereto as Exhibit A (the “Registration Rights Agreement”), pursuant to which the Corporation will agree to provide certain registration rights under the Securities Act of 1933, as amended (the “Securities Act”).

NOW, THEREFORE, in consideration of the mutual representations, warranties, covenants and agreements of the parties contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
1.Purchase and Sale.  Subject to the terms and conditions of this Agreement, each  of the Purchasers shall severally, and not jointly, purchase, and the Corporation agrees to issue and sell to the Purchasers, the Purchased Shares in the respective amounts set forth opposite the Purchasers’ names on the signature pages attached hereto, at a price per Purchased Share of $7.48 (the “Purchase Price”).  As soon as practicable following the execution and delivery of this Agreement, (i) each Purchaser shall deliver to the Corporation by wire transfer of immediately available funds an amount in cash equal to the Purchase Price multiplied by the number of Purchased Shares to be purchased by such Purchaser, (ii) the Corporation shall deliver to the Purchaser certificates representing the Purchased Shares to be purchased by such Purchaser and (iii) the Corporation and each Purchaser shall have executed and delivered the Registration Rights Agreement.

2.Representations, Warranties and Covenants of the Purchasers.  Each Purchaser hereby severally, and not jointly, acknowledges, represents, warrants and agrees as follows, as of the date hereof:
(a)If the Purchaser is an entity, such Purchaser (i) is an entity duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or formation and (ii) has all requisite power and authority to carry on the businesses in which it is engaged and to own and use the properties owned and used by it.
(b)Such Purchaser has all necessary power and authority to execute, deliver and perform its obligations under this Agreement.  If the Purchaser is an entity, the execution, delivery and performance of this Agreement have been duly and validly authorized by all necessary corporate, limited liability company, partnership and other entity action on the part of such Purchaser.  This Agreement has been duly and validly executed and delivered by such Purchaser and, assuming the due authorization, execution and delivery by the Corporation, constitutes the valid and binding obligation of such Purchaser, enforceable against such Purchaser in accordance with its terms, except as the enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally or applicable equitable principles (whether considered in a proceeding at law or in equity).
(c)Such Purchaser acknowledges and agrees that the Purchased Shares will be acquired for investment for such Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of any applicable securities laws, and that such Purchaser has 

no present intention of selling, granting any participation in, or otherwise distributing the same.  Such Purchaser represents and warrants that such Purchaser has such knowledge and experience in financial and business matters that such Purchaser is capable of evaluating the merits and risks of owning the Purchased Shares that such Purchaser is acquiring.
(d)Such Purchaser understands that the Purchased Shares to be received by such Purchaser have not been, and upon issuance will not be, registered under the Securities Act, by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of such Purchaser’s representations and warranties as expressed herein.  Such Purchaser understands that the Purchased Shares to be received by such Purchaser will be “restricted securities” under applicable securities laws and that, pursuant to these laws, such Purchaser must hold such shares indefinitely unless they are registered with the Securities and Exchange Commission (“SEC”) and qualified by state authorities, or an exemption from such registration and qualification requirements is available.
(e)Such Purchaser understands that the Purchased Shares to be received by such Purchaser may be notated with the following legend:
“THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.  NO SUCH TRANSFER MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.”
(f)Such Purchaser is an “accredited investor” (as defined in Regulation D promulgated under the Securities Act).
(g)Such Purchaser acknowledges that it has conducted to its satisfaction its own independent investigation and analysis of the business, operations, assets, liabilities, results of operations, condition (financial or otherwise) and prospects of the Corporation and that such Purchaser has received access to such books and records, facilities, equipment, contracts and other assets of the Corporation that it has desired or requested to review for such purpose, and that it has had a full opportunity to meet with the management of the Corporation and to discuss the business, operations, assets, liabilities, results of operations, condition (financial or otherwise) and prospects of the Corporation.  
(h)Such Purchaser acknowledges that the Corporation has made available to the Purchasers through the SEC’s EDGAR system, true and complete copies of the Corporation’s most recent Annual Report on Form 10-KT for the fiscal year ended December 31, 2018, the Corporation’s Proxy Statement on Schedule 14A for its Annual Meeting of Shareholders for 2019, the Corporation’s most recent Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 and all other reports filed by the Corporation pursuant to the Securities Exchange Act of 1934 and prior to the date hereof.  Such Investor acknowledges receipt of copies of all of such SEC filings.
(i)Such Purchaser acknowledges that, except for the representations and warranties contained in this Agreement, none of the Corporation or any of its affiliates or representatives or any other person makes (and such Purchaser is not relying on) any representation or warranty, express or implied, to such Purchaser in connection with the transactions contemplated by this Agreement.
(j)No person or entity will have, as a result of the transactions contemplated by this Agreement, any valid right, interest or claim against or upon the Corporation or a Purchaser for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by or on behalf of such Purchaser.

3.Representations and Warranties of the Corporation.  The Corporation hereby acknowledges, represents and warrants, and agrees, as of the date hereof, as follows:
(a)The Corporation is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has all requisite corporate power and authority to own, lease and operate its properties and assets (either owned or leased) and to carry on its business as now being conducted, and is duly qualified to do business and, where applicable as a legal concept, is in good standing as a foreign corporation in each jurisdiction in which the character of the properties it owns, operates or leases or the nature of its activities makes such qualification legally required, except for such failures to be so organized, qualified or in good standing that, individually or in the aggregate, would not reasonably be expected to have a material adverse effect.
(b)The Purchased Shares, upon issuance on the terms and conditions specified in this Agreement, will be duly authorized, validly issued, fully paid and nonassessable.
(c)The Corporation has all necessary power and authority to execute, deliver and perform its obligations under this Agreement.  The execution, delivery and performance of this Agreement have been duly and validly authorized by all necessary corporate and other action on the part of the Corporation.  This Agreement has been duly and validly executed and delivered by the Corporation and, assuming the due authorization, execution and delivery by such Purchaser, constitutes the valid and binding obligation of the Corporation, enforceable against the Corporation in accordance with its terms, except as the enforceability hereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally or applicable equitable principles (whether considered in a proceeding at law or in equity).
4.Amendments.  No amendment, supplement or modification of this Agreement shall be effective unless in writing signed by all of the parties hereto.
5.Assignability.  This Agreement and the rights, interests and obligations hereunder are not transferable or assignable by either the Corporation or the Purchasers without the prior written consent of the other party.
6.Applicable Law.  This Agreement and all disputes arising out of or relating hereto shall be governed by and construed in accordance with the laws of the State of Delaware, without giving effect to any principles of conflicts of laws thereof or of any other jurisdiction.  
7.Entire Agreement.  This Agreement and the Registration Rights Agreement constitutes the entire agreement of the Corporation and the Purchasers with respect to the subject matter hereof.
8.Counterparts.  This Agreement may be executed and delivered in one or more counterparts, and by the different parties in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement.  Exchange and delivery of this Agreement by exchange of facsimile copies, or electronic copies via email, bearing the facsimile or electronic signature of a party shall constitute a valid and binding execution and delivery of this Agreement by such party.  Such facsimile copies, or electronic email copies, shall constitute legally enforceable original documents.

[Signature Pages Omitted]

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