Document:

Exhibit 10.1+

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

 

STOCK
PURCHASE AGREEMENT

by and among

ROLLINS,
INC.,

CLARK PEST CONTROL OF STOCKTON, INC.,

THE STOCKHOLDERS OF CLARK PEST CONTROL OF STOCKTON, INC.

THE
PRINCIPALS

and 

THE STOCKHOLDERS’ REPRESENTATIVE

dated as of

January
7, 2019

 

    	 

    

TABLE OF CONTENTS

	 	 	Page
	 	 	 
	ARTICLE I PURCHASE AND SALE	2
	 	 
	1.1	Purchase and Sale	2
	1.2	Purchase Price	2
	1.3	Payment of Consideration at Closing; Aggregate Closing Amount	2
	1.4	Earnout Consideration	3
	1.5	Effect on Shares	3
	1.6	Delivery of Certificates	3
	1.7	Transactions to be Effected at the Closing	4
	1.8	Purchase Price Adjustment	4
	1.9	Stockholders’  Representative	8
	 	 	 
	ARTICLE II REPRESENTATIONS AND WARRANTIES OF THE COMPANY	9
	 	 
	2.1	Corporate Organization; Standing and Power	9
	2.2	Capitalization	10
	2.3	Authority	11
	2.4	Subsidiaries	11
	2.5	Absence of Restrictions
and Conflicts	11
	2.6	Compliance with Laws	12
	2.7	Financial Statements; Receivables	12
	2.8	Absence of Certain Changes or Events	13
	2.9	Litigation	13
	2.10	Governmental Authorization	14
	2.11	Real Property	14
	2.12	Title to Assets; Related Matters	14
	2.13	Intellectual Property	15
	2.14	Taxes	16
	2.15	Employee Benefit Plans	19
	2.16	Employee Matters	22
	2.17	Material Contracts	23
	2.18	Transactions with Affiliates	25
	2.19	Environmental Matters	26
	2.20	Pest Treatment	27
	2.21	Clients and Vendors	28
	2.22	Bankruptcy; Insolvency	28
	2.23	Brokers or Finders	28
	2.24	No Restrictions	29
	2.25	Insurance	29
	2.26	Bank Accounts	29
	2.27	Powers of Attorney	29
	2.28	Foreign Corrupt Practices	30
	2.29	Privacy Laws	30

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	2.30	Disclosure	30
	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLERS	31
	 	 
	3.1	Power and Authority; Execution and Validity	31
	3.2	Absence of Conflicts	31
	3.3	Governmental and Third Party Approvals	32
	3.4	Title to Securities	32
	3.5	Litigation	32
	3.6	Fees	32
	3.7	No Other Representations and Warranties	32
	 	 	 
	ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER	32
	 	 
	4.1	Corporate Organization, Standing and Power	33
	4.2	Authority	33
	4.3	Litigation	34
	4.4	Sufficiency of Funds	34
	4.5	Brokers or Finders	34
	4.6	Investment Experience	34
	4.7	Independent Investigation; Non-Reliance	34
	 	 	 
	ARTICLE V COVENANTS	35
	 	 
	5.1	Normal Course	35
	5.2	Conduct of Business	35
	5.3	Access to Personnel, Books and Records Following Signing	37
	5.4	Certain Tax Matters	37
	5.5	Regulatory Filings	41
	5.6	Notices and Consents	42
	5.7	Notification	42
	5.8	Confidentiality; Public Announcement	42
	5.9	Employee Benefits	43
	5.10	Directors and Officers Insurance	44
	5.11	Further Assurances	45
	 	 	 
	ARTICLE VI CONDITIONS TO CLOSING	45
	 	 
	6.1	Conditions to Obligations of All Parties	45
	6.2	Conditions to Obligations of Buyer	46
	6.3	Conditions to Obligations of Sellers and the Company	47
	 	 	 
	ARTICLE VII CLOSING	48
	 	 
	7.1	Closing	48
	7.2	Company and Sellers Closing Deliveries	48
	7.3	Buyer Closing Deliveries	49
	 	 	 
	ARTICLE VIII INDEMNIFICATION	50
	 	 
	8.1	Indemnification	50
	8.2	Survival of Representations, Warranties and Covenants	52
	8.3	Limitations on Indemnification Obligations	52

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	8.4	Notices; Payment of Damages	54
	8.5	Third Party Claims	55
	8.6	Exclusive Remedy	57
	8.7	Offset	58
	 	 	 
	ARTICLE IX TERMINATION	58
	 	 
	9.1	Termination	58
	9.2	Procedure for Termination	59
	9.3	Effect of Termination	59
	9.4	Buyer Antitrust
Termination Fee	59
	 	 	 
	ARTICLE X MISCELLANEOUS	60
	 	 	 
	10.1	Waiver; Amendment	60
	10.2	Counterparts	60
	10.3	Governing Law; Waiver of Jury Trial	60
	10.4	Expenses	61
	10.5	Notices	61
	10.6	Entire Understanding; No Third Party Beneficiaries	63
	10.7	Severability	63
	10.8	Interpretation	63
	10.9	Assignment; Successors	64
	10.10	Construction	64
	10.11	Specific Performance	64
	10.12	Certain Matters Regarding Representation of the Company	64
	 	 	 
	ARTICLE XI DEFINITIONS	65

    	iii

    	 

    

LIST OF EXHIBITS
& SCHEDULES

	Exhibit A	Form of Closing Note
	Exhibit B	Form of Letter of Transmittal
	Exhibit C	Form of Release
	Exhibit D	Form of Lost Certificate Affidavit
	Exhibit E	Form of Non-Competition Agreement
	 	 
	Schedule 1	Ownership of the Shares
	Schedule 2	Holdback Requirements
	Schedule 3	Earnout Consideration Requirements
	Schedule 4	Excluded Assets
	Schedule 5	Specified Indemnification Obligations
	Schedule 5.6	Notices and Consents
	Schedule 5.10	Indemnification Schedule
	Schedule 6	Allocation Schedule
	Schedule 7	Terminated Agreements
	Schedule 8	Indebtedness
	Schedule 9	Annual Revenue Growth
	Schedule 10	Operating Profit Margin

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

STOCK
PURCHASE AGREEMENT

THIS
STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of January 7, 2019 is entered into by and
among ROLLINS, INC. a Delaware corporation (“Buyer”), CLARK PEST CONTROL OF STOCKTON, INC.,
a California corporation (the “Company”), the stockholders of the Company listed on the signature pages
hereto (each, a “Seller” and collectively, the “Sellers”), the Principals
(as defined below), and JJT King, LLC (the “Stockholders’ Representative”).

RECITALS

WHEREAS,
the Sellers collectively own 100% of the issued and outstanding shares of stock (the “Shares”), of the
Company, which is engaged in the residential and commercial pest prevention service businesses (collectively, the “Business”);

WHEREAS,
[****], [****], and [****] (collectively, the “Principals”) are each the trustees of certain Sellers
and each of them has a financial interest in the Company and in the Transaction;

WHEREAS,
each Seller desires to sell to Buyer the number of Shares indicated opposite each such Seller’s name on Schedule 1
hereto and Buyer desires to purchase from Sellers all (but not less than all) of the Shares upon the terms and subject
to the conditions set forth in this Agreement;

WHEREAS,
as a result of the transactions contemplated hereby, Buyer will acquire all of the Shares, and the Sellers will receive the consideration
described in Article I of this Agreement (the “Transaction”);

WHEREAS,
the Board of Directors of the Company has determined that this Agreement and the Transaction are in the best interests of the
Company;

WHEREAS,
the executive committee of Buyer has determined that this Agreement and the Transaction are in the best interests of the Company;
and

WHEREAS,
concurrently with the execution and delivery of this Agreement, Buyer, through one or more Affiliates formed for the purpose thereof,
will enter into the Real Estate Purchase Agreement with Clarksons California Properties, a California Limited Partnership (“Clarksons”)
and the Distribution Purchase Agreement with GeoTech Supply Co., LLC (“GeoTech”), each of Clarksons
and GeoTech being an Affiliate of the Company.

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

    	 

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

Article
I

purchase and sale

1.1          Purchase
and Sale. Subject to the terms and conditions set forth herein, at the Closing, (a) Sellers shall sell, assign, transfer and
deliver the Shares to Buyer, free and clear of all Encumbrances (other than Encumbrances pursuant to applicable securities Laws
and the Company Charter Documents), and (b) Buyer shall purchase and accept the Shares from Sellers for the consideration specified
in Section 1.2.

1.2          Purchase
Price. The aggregate purchase price for the Shares shall be Three Hundred and Sixty One Million Dollars ($361,000,000.00)
(the “Cash Consideration”), plus a contingent earnout payment of up to Fifteen Million Dollars ($15,000,000.00)
(the “Earnout Consideration”; the Cash Consideration, subject to adjustment pursuant to Section
1.8, and the Earnout Consideration are together the “Purchase Price”).

1.3          Delivery
of Consideration; Aggregate Closing Amount.

(a)          The
aggregate amount to be paid by Buyer at Closing (such amount, the “Aggregate Closing Amount”) shall
consist of: (i) the Cash Consideration, plus or minus (ii) the Closing Adjustment (as defined in Section 1.8(a),
below), less (iii) the Transaction Expenses (to the extent not paid prior to the Closing), less (iv) [****] Dollars
($[****]) (the “Holdback”), which shall be withheld by the Buyer as security for the Company and the
Sellers’ obligations under the Transaction Documents and shall be paid to the Sellers, or retained by the Buyer, as set
forth on Schedule 2 hereto, and less (v) the Management Team Payments (as defined below). The Aggregate Closing
Amount shall be paid to the Stockholders’ Representative at Closing pursuant to a one-day promissory note in the form of
Exhibit A (the “Closing Note”).

(b)          In
addition to the Closing Note, at Closing, the Buyer shall deliver, by wire transfer or other immediately available funds, [****]
Dollars ($[****]) (the “Management Team Payments”) to [****] (“[****]”) and such other members
of the Company’s management team as mutually agreed in writing by [****] and a representative of Buyer (the “Management
Team”), as follows: (A) [****] Dollars ($[****]) shall be paid to [****]; and (B) [****] Dollars ($[****]) shall
be allocated and paid to other members of the Management Team as mutually agreed in writing by [****] and a representative of
Buyer.

(c)          The
Stockholders’ Representative shall surrender the Closing Note to Buyer no earlier than one (1) day following the Closing
Date and, in exchange, Buyer shall immediately distribute the Aggregate Closing Amount, less the Stockholders’ Representative
Expense Amount (defined below), by wire transfer of immediately available funds, to the Sellers as follows: each Seller shall
be delivered an amount equal to the Per Share Closing Consideration, multiplied by the number of Shares held by such Seller immediately
prior to the Closing Date, as set forth on the Closing Statement. Immediately upon surrender of the Closing Note to Buyer, Buyer
shall further cause the Stockholders’ Representative Expense Amount to be deposited into the Stockholder’s Representative
Expense Account.

    	2

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)          The
Stockholders’ Representative shall retain [****] Dollars ($[****]) (the “Stockholders’ Representative
Expense Amount”) from the Aggregate Closing Amount otherwise distributable to Sellers in accordance with this Agreement,
for the purposes of paying fees and satisfying expenses of the Stockholders’ Representative incurred in connection with
the discharge of its duties under this Agreement, including the costs, expenses incurred by the Stockholders’ Representative
in defending against any claim for indemnification made by Buyer under this Agreement, including the hiring of experts and legal
counsel (the “Stockholders’ Representative Expenses”). The Stockholders’ Representative
will hold the Stockholders’ Representative Expense Account in an interest-bearing account designated for the Sellers at
a financial institution separate from its own personal funds (the “Stockholders’ Representative Expense Account”),
will not use or otherwise apply these funds for any purpose other than as set forth in this Agreement, and will not voluntarily
make these funds available to its creditors in the event of bankruptcy. Immediately following the release of the remainder of
the Holdback, unless otherwise indicated by the Stockholders’ Representative, the remaining funds within the Stockholders’
Representative Expense Account, if any, including any interest thereon, shall be distributed by the Stockholders’ Representative
to the Sellers in accordance with their respective Pro Rata Percentages, by wire transfer of immediately available funds as designated
in their respective Letters of Transmittal.

1.4          Earnout
Consideration. The Earnout Consideration shall be earned pursuant to the requirements, and paid to the Stockholders’
Representative (on behalf of the Sellers) at the times, as set forth on Schedule 3.

1.5          Effect
on Shares. As of the Closing, by virtue of the Transaction and with respect to each Seller regardless of the delivery of a
Transmittal Package, (x) each issued and outstanding Share owned by each Seller shall be deemed for all purposes to be transferred
to Buyer, and the Buyer shall be deemed to have received from each Seller an irrevocable power of attorney to affect the transfer
of all such Shares to Buyer and (y) all rights of the Sellers to such surrendered Shares shall cease, except for the right to
receive the consideration payable with respect thereto pursuant to this Agreement and as provided by applicable Laws.

1.6          Delivery
of Certificates.

(a)          Prior
to receiving any portion of the Aggregate Closing Amount, each Seller shall have delivered to Buyer or its designee (i) a
properly completed and duly executed letter of transmittal, in the form of Exhibit B (a “Letter of Transmittal”),
that includes payment instructions and a Form W-9 or Form W-8BEN; (ii) all certificate(s) that immediately prior to the Closing
represented issued and outstanding Shares owned by each such Seller (the “Certificates”) and appropriate
stock powers held of record by such holder; and (iii) a release of the Company and Buyer by each Seller, in the form of Exhibit
C (the “Release”) ((i), (ii) and (iii) together, the “Transmittal Package”).

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          In
the event any Certificates shall have been lost, stolen or destroyed, then the relevant Seller shall be required to deliver in
lieu of such Certificates an affidavit of that fact, in the form of Exhibit D (the “Lost Certificate Affidavit”),
as a condition to the Stockholders’ Representative’s disbursement to such Seller of the consideration payable to such
Seller.

(c)          The
Stockholders’ Representative, its designee, or Buyer (as appropriate) shall be entitled to deduct and withhold from consideration
otherwise payable pursuant to this Agreement to any Person such amounts as are required to be deducted and withheld with respect
to the making of such payment under the Code, or any provision of state, local or foreign Tax Law. To the extent that amounts
are so withheld, such withheld amounts shall be paid to the applicable Governmental Authority and treated for all purposes of
this Agreement as having been paid to such Person in respect of which such deduction and withholding was made.

1.7          Transactions
to be Effected at the Closing.

(a)          At
the Closing, Buyer shall deliver:

(i)          the
Aggregate Closing Amount by delivery of the Closing Note;

(ii)         the
Management Team Payments to [****] and the Management Team, as set forth in Section 1.3(b); and

(iii)        the
Transaction Documents and all other agreements, documents, instruments or certificates required to be delivered by Buyer at or
prior to the Closing pursuant to Section 7.3 of this Agreement.

(b)          At
the Closing, the Company and the Sellers shall deliver to Buyer:

(i)          the
Certificates (or a Lost Certificate Affidavit), free and clear of all Encumbrances (other than Encumbrances pursuant to applicable
securities Laws and the Company Charter Documents), duly endorsed in blank or accompanied by stock powers or other instruments
of transfer duly executed in blank;

(ii)          the
Releases; and

(iii)          all
other agreements, documents, instruments or certificates required to be delivered by the Company and Sellers at or prior to the
Closing pursuant to Section 7.2 of this Agreement.

1.8          Purchase
Price Adjustment.

(a)          Closing
Adjustment; Closing Statement.

    	4

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(i)          At
least three (3) Business Days before the Closing, the Company and Sellers shall prepare and deliver to Buyer (A) a statement setting
forth its reasonable good faith estimate of Closing Working Capital as of immediately prior to Closing (without giving effect
to the Transaction) (the “Estimated Closing Working Capital”), which statement shall contain an estimated
balance sheet of the Company as of immediately prior to the Closing Date (without giving effect to the Transaction), a calculation
of Estimated Closing Working Capital (the “Estimated Closing Working Capital Statement”),
and a certificate of the Company that the Estimated Closing Working Capital Statement was prepared in accordance with GAAP, applied
using the same Accounting Rules used by and applied to the Company in the preparation of the Year End Financial Statements for
the most recent fiscal year end as if such Estimated Closing Working Capital Statement were being prepared as of a fiscal year
end (except that the Estimated Closing Working Capital Statement shall not contain footnotes and other presentation items or other
year-end adjustments that may be required by GAAP); and (B) a statement (the “Closing Statement”)
which sets forth in reasonable detail (I) a calculation of the Aggregate Closing Amount, (II) the Per Share Closing
Consideration, and (III) the number of issued and outstanding Shares held by each Seller as of immediately prior to the Closing
Date.

(ii)         The
“Closing Adjustment” shall be an amount equal to the Estimated Closing Working Capital minus
the Target Working Capital. If the Closing Adjustment is a positive number, the Cash Consideration (and thus the Purchase Price)
shall be increased by the amount of the Closing Adjustment. If the Closing Adjustment is a negative number, the Cash Consideration
(and thus the Purchase Price) shall be reduced by the amount of the Closing Adjustment.

(b)          Post-Closing
Adjustment.

(i)          Within
ninety (90) days after the Closing Date, Buyer shall prepare and deliver to the Stockholders’ Representative (A) a calculation
of Closing Working Capital (the “Closing Working Capital Statement”) and (B) a certificate of Buyer
that the Closing Working Capital Statement was prepared in accordance with GAAP, applied using the same Accounting Rules used
by and applied to the Company in the preparation of the Year End Financial Statements for the most recent fiscal year end as if
such Closing Working Capital Statement were being prepared and reviewed as of a fiscal year end (except that the Closing Working
Capital Statement shall not contain footnotes and other presentation items or other year-end adjustments that may be required
by GAAP).

(ii)          The
post-closing adjustment shall be a dollar for dollar adjustment (whether positive or negative) equal to the difference between
the Closing Working Capital and the Estimated Closing Working Capital (the “Post-Closing Adjustment”)
to be made in accordance with Section 1.8(c)(vi).

(c)          Examination
and Review.

(i)          Examination.
After receipt of the Closing Working Capital Statement, the Stockholders’ Representative shall have thirty (30) days (the
“Review Period”) to review the Closing Working Capital Statement. During the Review Period, the Stockholders’
Representative’s Accountants shall have full access to the books and records of the Company, the personnel of, and work
papers prepared by, Buyer and/or Buyer’s Accountants to the extent that they relate to the Closing Working Capital Statement
and to such historical financial information (to the extent in the possession of Buyer or any of its Representatives) relating
to the Closing Working Capital Statement as the Stockholders’ Representative may reasonably request for the purpose of reviewing
the Closing Working Capital Statement and to prepare a Statement of Objections (as defined below); provided, that such
access shall be in a manner that does not materially interfere with the normal business operations of Buyer or the Company.

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(ii)         Objection.
On or prior to the last day of the Review Period, the Stockholders’ Representative may object to the Closing Working
Capital Statement by delivering to Buyer a written statement setting forth the Stockholders’ Representative’s objections
in reasonable detail, specifically identifying each disputed item or amount and the basis for the Stockholders’ Representative’s
disagreement therewith (the “Statement of Objections”). If the Stockholders’ Representative fails
to deliver the Statement of Objections before the expiration of the Review Period, the Closing Working Capital Statement and the
Post-Closing Adjustment reflected in the Closing Working Capital Statement shall be deemed to have been accepted by the Stockholders’
Representative. If the Stockholders’ Representative delivers the Statement of Objections before the expiration of the Review
Period, Buyer and the Stockholders’ Representative shall negotiate in good faith to resolve such objections within thirty
(30) days after the delivery of the Statement of Objections (the “Resolution Period”), and, if the same
are so resolved within the Resolution Period, the Post-Closing Adjustment, and Closing Working Capital Statement with such changes
as may have been previously agreed in writing by Buyer and the Stockholders’ Representative, shall be final and binding.

(iii)        Resolution
of Disputes. If the Stockholders’ Representative and Buyer fail to reach an agreement with respect to all of the matters
set forth in the Statement of Objections before expiration of the Resolution Period, then any amounts remaining in dispute (“Disputed
Amounts”) shall be submitted for resolution to the office of an impartial nationally recognized firm of independent
certified public accountants mutually approved by Buyer and the Stockholders’ Representative (such approval not to be unreasonably
withheld, conditioned or delayed) and other than the Stockholders’ Representative’s Accountants or Buyer’s Accountants
(the “Independent Accountant”). The Independent Accountant, acting as an expert and not as an arbitrator,
shall resolve the Disputed Amounts only and make any adjustments to the Post-Closing Adjustment and the Closing Working Capital
Statement as the Independent Accountant deems appropriate. The parties hereto agree that all adjustments shall be made without
regard to materiality. The Independent Accountant shall only decide the specific items under dispute by the parties, and their
decision for each Disputed Amount must be within the range of values assigned to each such Disputed Amount in the Closing Working
Capital Statement and the Statement of Objections and must be decided using the same accounting methods, practices, and principles
that were used in the preparation of the Year End Financial Statements.

(iv)        Fees
of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by Sellers, on the one hand,
and by Buyer, on the other hand, based upon the percentage that the amount actually contested but not awarded to Sellers or Buyer,
respectively, bears to the aggregate amount actually contested by Sellers and Buyer. For example, if the Stockholders’ Representative
challenges the calculation of the Post-Closing Adjustment by an amount of Twenty Five Thousand Dollars ($25,000), but the Independent
Accountant determines that the Stockholders’ Representative has a valid claim for only Fifteen Thousand Dollars ($15,000),
the Stockholders’ Representative shall bear forty percent (40%) of the fees and expenses of the Independent Accountant and
Buyer shall bear the other sixty percent (60%) of such fees and expenses.

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(v)         Determination
by Independent Accountant. The Independent Accountant shall make a determination as soon as practicable within ten (10) days
(or such other time as the parties hereto shall mutually agree in writing) after their engagement, and their resolution of the
Disputed Amounts and their adjustments to the Closing Working Capital Statement and/or the Post-Closing Adjustment shall be conclusive
and binding upon the parties hereto.

(vi)        Payments
of Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment, shall be due
(x) within five (5) Business Days of acceptance of the Closing Working Capital Statement or (y) if there are Disputed Amounts,
then within five (5) Business Days of the resolution described in clause (v) above. To the extent that the Post-Closing Adjustment
is an amount payable by the Sellers to the Buyer, each Seller shall pay to Buyer its respective Pro Rata Percentage of the Post-Closing
Adjustment; provided, however, that Buyer may, but shall not be obligated to, exercise its offset rights pursuant to Section
8.7. To the extent that the Post-Closing Adjustment is an amount payable by Buyer to the Stockholders’ Representative
on behalf of the Sellers, then the Stockholders’ Representative upon receipt shall promptly then distribute such Post-Closing
Adjustment received from Buyer to the Sellers in accordance with their respective Pro Rata Percentages, by wire transfer as designated
in their respective Letters of Transmittal, of immediately available funds.

(d)          Adjustments
for Tax Purposes. Any payments made pursuant to this Section 1.8 shall be treated as an adjustment to the Purchase
Price by the parties for Tax purposes, unless otherwise required by Law.

    	7

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

1.9          Stockholders’
Representative.

(a)          JJT
King, LLC is hereby appointed as the Seller Indemnifying Parties’ true and lawful representative, proxy, agent and attorney-in-fact
to serve as the Stockholders’ Representative with full power and authority to act for, and on behalf of, the Seller Indemnifying
Parties in connection with all matters relating to the Transaction Documents and the Transaction, including, without limitation,
(i) to take such actions and to execute and deliver such amendments, modifications, waivers and consents in connection with
this Agreement and the other Transaction Documents, (ii) to give and receive notices and communications, (iii) to receive
and accept service of legal process in connection with any Action arising under the Transaction Documents or in connection with
the Transaction, (iv) to receive and deliver to the Sellers, in accordance with their respective Pro Rata Percentages, the
amount(s) comprising the Post-Closing Adjustment (as applicable), the remainder of the Stockholders’ Representative Expense
Account, the Earnout Consideration, as applicable, (v) to object to or accept any claims against or on behalf of the Seller
Indemnifying Parties in connection with the Post-Closing Adjustment, and/or the Holdback, as applicable, (vi) to agree to,
negotiate, enter into settlements and compromises of, and demand arbitration and comply with orders of courts and awards of arbitrators
with respect to the Post-Closing Adjustment, and/or the Holdback, as applicable, (vii) to enforce payment of any amounts
payable to the Seller Indemnified Parties on behalf of the Buyer Indemnifying Parties, in the name of the Seller Indemnifying
Parties, (viii) to receive any and all notices and other communications to the Seller Indemnifying Parties on behalf of the Seller
Indemnifying Parties as provided in Section 10.5 hereof, and (ix) to take all actions and execute such documents as
are or may be necessary or appropriate in the opinion of the Stockholders’ Representative for the accomplishment of the
foregoing. Such agency may be changed at any time and from time to time by the written agreement of Sellers holding more than
50% of the issued and outstanding Shares that approved the Transaction, and shall become effective upon not less than ten (10)
calendar days’ prior written notice to Buyer. In the event that for any reason the Stockholders’ Representative shall
no longer be serving in such capacity, including, without limitation, as a result of the death, resignation, or incapacity of
such Stockholders’ Representative, the Sellers holding more than 50% of the issued and outstanding Shares that approved
the Transaction shall designate another Person to act as the Stockholders’ Representative. Any change in the Stockholders’
Representative pursuant to the foregoing sentence shall become effective upon delivery of written notice of such change to Buyer.
The Stockholders’ Representative shall not receive compensation for its services; provided, however, that should
a stockholders’ representative other than JJT King, LLC be named, a majority in interests of the Sellers may approve payment
of compensation to such newly designated stockholders’ representative, as deemed to be in the best interest of all Sellers.
The authority conferred under this Section 1.9 is an agency coupled with an interest and, to the extent permitted by applicable
Law, all authority conferred hereby is irrevocable and not subject to termination by the undersigned or by operation of law, whether
by the death or incapacity of any of the Sellers, or the occurrence of any other event.

(b)          The
Stockholders’ Representative shall not be liable to the Sellers for any act done or omitted hereunder in its capacity as
Stockholders’ Representative while acting in good faith and in the absence of fraud, bad faith, gross negligence or willful
misconduct on its part. The Sellers shall, severally and not jointly, indemnify the Stockholders’ Representative and hold
the Stockholders’ Representative harmless from and against any and all Damages, Actions, liabilities, losses, taxes, fines,
penalties, costs, claims and expenses (including, without limitation, reasonable fees of counsel) of any kind or nature whatsoever
(whether or not arising out of third-party claims and including all amounts paid in investigation, defense or settlement of the
foregoing) which are actually incurred by the Stockholders’ Representative as a result of any good faith error of judgment
on the part of such Stockholders’ Representative or for any other act done or omitted in good faith by such Stockholders’
Representative in connection with the administration of its duties hereunder, except where such losses arise from or are the result
of such Stockholders’ Representative’s fraud, bad faith, gross negligence or willful misconduct. Any act done or omitted
by the Stockholders’ Representative in accordance with the advice of counsel or other expert shall be conclusive evidence
of such good faith. The Seller Indemnifying Parties acknowledge and agree that the foregoing indemnities will survive the resignation
or removal of the Stockholders’ Representative or the termination of this Agreement.

    	8

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          Any
decision, act, consent or instruction taken or given by the Stockholders’ Representative pursuant to this Agreement shall
constitute a decision, act, consent or instruction of all Sellers and shall be final, binding and conclusive upon each such Seller.
Buyer may rely upon any such decision, act, consent or instruction of the Stockholders’ Representative as being the decision,
act, consent or instruction of each and every Seller and shall have no duty to inquire as to the acts and omissions of the Stockholders’
Representative. Buyer is hereby relieved from any liability to any Person for any acts done by them in accordance with, or otherwise
with respect to any aspect of, such decision, act, consent or instruction of the Stockholders’ Representative.

(d)          All
Stockholders’ Representative Expenses will be borne and paid by the Sellers according to their respective Pro Rata Percentage.
Stockholders’ Representative Expenses will be paid to the Stockholders’ Representative from the Stockholders’
Representative Expense Account. For the avoidance of doubt, while this section allows the Stockholders’ Representative to
be reimbursed from the Stockholders’ Representative Account, this does not relieve Sellers from promptly paying their respective
Pro Rata Percentage of all of the Stockholders’ Representative Expenses as they are suffered or incurred in excess of the
Stockholders’ Representative Expense Amount, nor does it prevent the Stockholders’ Representative from seeking any
remedies available to it at law or otherwise in respect of the Pro Rata Percentage of any unpaid amounts due from any Seller.

(e)          Notices
given to the Stockholders’ Representative in accordance with Section 10.5 shall constitute notice to the Sellers
for all purposes under this Agreement.

Article
II

Representations and Warranties of the Company

The
Company represents and warrants to Buyer, and acknowledges that Buyer is relying upon such representations and warranties in connection
with its purchase of the Shares, that the statements contained in this Article II are true and correct as of the date hereof,
except as set forth in the Company Disclosure Schedule (the “Company Disclosure Schedule”), which disclosure
shall provide an exception to, or otherwise qualify, the representations or warranties of the Company contained in the section
of this Agreement corresponding by number to such disclosure and to any other representation or warranty in this Agreement to
which the applicability of such disclosure is reasonably apparent on its face or if the items are expressly cross-referenced.

2.1          Corporate
Organization; Standing and Power.

(a)          The
Company is a corporation duly organized, validly existing and in good standing under the Laws of the State of California. The
Company has all requisite corporate power and authority to own, lease and operate its properties and to carry on its Business
as it is now being conducted and is duly qualified to do business and is in good standing in each jurisdiction in which the failure
to be so qualified and in good standing would have a Material Adverse Effect. Section 2.1(a) of the Company Disclosure Schedule
provides the jurisdictions in which the Company is qualified to do business. The Company has previously furnished to Buyer
a complete and correct copy of its certificate of incorporation and bylaws (or equivalent documents), each as amended to date
(the “Company Charter Documents”). The Company is not in violation of any of the provisions of the Company
Charter Documents.

    	9

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Each
of the Company’s Subsidiaries is an entity duly organized, validly existing and in good standing under the Laws of the jurisdiction
of its organization, registration or formation, as the case may be, set forth in Section 2.1(b) of the Company Disclosure Schedule,
except as would not reasonably be expected to result in a Material Adverse Effect. Each of the Company’s Subsidiaries has
all requisite entity power and authority to own, lease and operate its properties and to carry on its Business as now being conducted,
except as would not reasonably be expected to result in a Material Adverse Effect. Each of the Company’s Subsidiaries is
qualified to do business as a foreign corporation, limited liability company, partnership or other entity in all jurisdictions
where the nature of its Business requires such qualification, except where the failure to so qualify would not reasonably be expected
to result in a Material Adverse Effect. The Company has previously made available to Buyer complete copies of the charter and
bylaws (or equivalent documents) for each of the Company’s Subsidiaries as currently in effect (“Subsidiary
Charter Documents”). No Subsidiary of the Company is in violation of the provisions of its respective applicable
Subsidiary Charter Documents.

(c)          Each
location in which the Company or any of the Company Subsidiaries has owned, leased or operated real property in the last six (6)
years is set forth in Section 2.1(c) of the Company Disclosure Schedule.

2.2          Capitalization.
Section 2.2 of the Company Disclosure Schedule (a) sets forth all of the holders of Capital Stock of the Company,
who are the sole registered and beneficial holders of all of the issued and outstanding securities of any kind of the Company
(voting or otherwise) and the class and number of securities held by each holder, (b) specifically identifies any options
that are outstanding or expected to be exercised or converted on or prior to the Closing Date, and (c) identifies each such
holder’s relative percentage of such security. All of the issued and outstanding shares of the Capital Stock or other equity
interests of the Company are duly authorized, validly issued, fully paid and nonassessable. Except as set forth in Section
2.2 of the Company Disclosure Schedule, there are no other equity securities of any kind, no options, rights, warrants, preemptive
rights, calls, subscriptions, commitments, stockholder agreements or other instruments, understandings or contracts (whether oral
or written) outstanding giving any person or entity the right to acquire from the Company (whether by exercise, conversion or
otherwise) any securities of any kind of the Company (voting or otherwise) nor are there any commitments to issue or execute any
of the foregoing. None of the outstanding Shares has been issued in violation of any preemptive rights of any security holder
of the Company or in violation of applicable securities Laws or any other Law of any jurisdiction applicable to such issuance.

    	10

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

2.3          Authority.
The Company has all requisite corporate power and authority to execute and deliver this Agreement and the Transaction Documents
to which it is a party and to perform its obligations hereunder and thereunder and to consummate the Transaction and the transactions
contemplated by the Transaction Documents. The execution, delivery and performance by the Company of this Agreement and the other
Transaction Documents to which it is a party and the consummation of the Transaction and the transactions contemplated by the
Transaction Documents have been duly authorized by all necessary corporate action on the part of the Company. This Agreement and
the other Transaction Documents have been duly executed and delivered by the Company and (assuming due authorization, execution
and delivery by each other party thereto) constitute the legal, valid and binding obligations of the Company, enforceable against
it in accordance with their respective terms, subject to (i) Laws of general application relating to bankruptcy, insolvency,
reorganization, moratorium and the relief of debtors or similar Laws affecting creditors’ rights generally, and (ii) the
availability of specific performance, injunctive relief and other equitable remedies (regardless of whether considered in a proceeding
at Law or in equity).

2.4          Subsidiaries.
Section 2.4 of the Company Disclosure Schedule lists each Subsidiary of the Company. The Company owns, directly or indirectly,
all of the issued and outstanding Capital Stock or other equity interests of each of its Subsidiaries, free and clear of all Encumbrances
other than Encumbrances related to the Indebtedness and limitations imposed by United States federal, state, provincial and foreign
securities Laws. None of the Company’s Subsidiaries owns, directly or indirectly, any Capital Stock or other equities, securities
or interests in any corporation, limited liability company, partnership, joint venture or other entity, whether incorporated or
unincorporated.

2.5          Absence
of Restrictions and Conflicts.

(a)          Except
as set forth in Section 2.5(a) of the Company Disclosure Schedule, the execution and delivery by the Company and the
Sellers of this Agreement and the Transaction Documents do not, and the performance of its obligations hereunder and pursuant
to the Transaction Documents will not, (i) conflict with or violate (A) the Company Charter Documents, (B) the Subsidiary
Charter Documents, (ii) assuming that all consents, approvals, authorizations and other actions described in subsection (b) of
this Section 2.5 have been obtained and all filings and obligations described in subsection (b) of this Section
2.5 have been made, conflict with or violate any Law applicable to the Company or any Subsidiary, or by which any property
or asset of the Company or any Subsidiary, is bound, or (iii) require any consent or notice or result in any violation or
breach of or constitute (with or without notice or lapse of time or both) a default (or give to others any right of termination,
amendment, acceleration or cancellation) under any Material Contract, or result in the triggering of any payments or result in
the creation of an Encumbrance on any property or asset of the Company or any Subsidiary, in all cases, pursuant to, any of the
terms, conditions or provisions of any Material Contract, except, with respect to clauses (ii) and (iii) such triggering
of payments, liens, Encumbrances, filings, notices, Permits, authorizations, consents, approvals, violations, conflicts, breaches
or defaults which would not reasonably be expected to result in a Material Adverse Effect.

    	11

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          The
execution and delivery by the Company and the Sellers of this Agreement and the Transaction Documents and the consummation of
the Transaction does not, and the performance of its obligations hereunder will not, require any consent, approval, order, authorization
or Permit of, or filing with or notification to, any Governmental Authority or any third-party Client, except (i) (A) for the
notification requirements of the HSR Act (B) the notices and consents referred to on Section 2.5(a) of the Company Disclosure
Schedule, and (ii) where the failure to obtain such consents, approvals, authorizations or Permits, or to make such filings
or notifications would not (A) prevent or materially delay consummation of the Transaction or (B) reasonably be expected to result
in a Material Adverse Effect.

2.6          Compliance
with Laws. Except as set forth in Section 2.6 of the Company Disclosure Schedule, as of the date hereof, neither the
Company nor any of its Subsidiaries has received written notice that it is under investigation with respect to, or, to the Knowledge
of the Company, is otherwise now under investigation with respect to, a violation of any applicable Law that in the aggregate,
would reasonably be expected to have a Material Adverse Effect. The Company and each of its Subsidiaries have filed all reports
and have all Licenses required to be filed with any Governmental Authority necessary to carry on the Business of the Company and
its Subsidiaries as presently conducted except where the failure to make such filings or obtain such Licenses would not reasonably
be expected to have a Material Adverse Effect.

2.7          Financial
Statements; Receivables.

(a)          In
General. Section 2.7(a) of the Company Disclosure Schedule contains the Company’s reviewed consolidated
balance sheets and statement of operations and statement of cash flows as of and for the fiscal year ended December 31, 2017 (the
“Year End Financial Statements”), and the Company’s internally prepared consolidated balance sheets
and statements of income and cash flows as of and for the eleven-month period ended November 30, 2018 (the “Interim
Financial Statements,” together with the Year End Financial Statements, the “Company Financial
Statements”). Other than as described in Section 2.7(a) of the Company Disclosure Schedule, the Company Financial
Statements (including the notes thereto in the case of the Year End Financial Statements) present fairly, in all material respects,
the financial condition of the Company as of the respective dates thereof and the results of operations and cash flows of the
Company for the periods covered thereby, and have been prepared in accordance with GAAP, except that Interim Financial Statements
do not include notes and other presentation items or other year-end adjustments that may be required by GAAP.

(b)          No
Undisclosed Liabilities. Except as set forth in Section 2.7(b) of the Company Disclosure Schedule, the Company and
its Subsidiaries have no liabilities that would be required to be accrued on a balance sheet prepared in accordance with GAAP
except for (i) liabilities disclosed or reserved against in the Company Financial Statements, (ii) liabilities incurred
by the Company or its Subsidiaries subsequent to the date of the Interim Financial Statements in the ordinary course of business,
(iii) performance obligations under the executory portion of any Contract by which the Company and/or its Subsidiaries are
bound, (iv) liabilities under this Agreement or the Transaction, (v) liabilities as reflected in the definitions of Indebtedness
and Transaction Expenses, and (vi) liabilities included in the calculation of Estimated Closing Working Capital.

    	12

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          Accounts
Receivable. Section 2.7(c) of the Company Disclosure Schedule provides an accurate and complete breakdown and aging
of all accounts receivable as of November 30, 2018. All accounts receivable reflected in the Company Financial Statements or recorded
on the books of the Company resulted from the ordinary course of business and have been properly recorded. Subject to the recorded
reserves provided consistent with prior periods and throughout the periods involved, all billed and, to the Knowledge of the Company,
all unbilled receivables are good and collectible in full without any discount, setoff or valid counterclaim (net of recovery
from vendors or subcontractors), in amounts equal to not less than the amounts thereof reflected in the Company Financial Statements.

(d)          No
Letters of Credit, Bonds or Guarantees. Except as reflected in the Company Financial Statements or as set forth in Section
2.7(d) of the Company Disclosure Schedule, the Company and its Subsidiaries (i) have no bonds or letters of credit outstanding
as to which the Company has any actual or contingent reimbursement obligations; (ii) are not a party to or bound, either
absolutely or on a contingent basis, by any agreement of guarantee, indemnification, reimbursement or any similar commitment,
in each case with respect to the liabilities or obligations of any other Person (whether accrued, absolute, or contingent); and
(iii) are not a party to any swap, hedge, derivative, or similar instrument. For the avoidance of doubt, customer and vendor
Contracts entered into in the ordinary course of business and confidentiality and nondisclosure agreements of the Company and
its Subsidiaries are outside the scope of clause (ii) of the immediately preceding sentence.

2.8          Absence
of Certain Changes or Events. Except as set forth in Section 2.8 of the Company Disclosure Schedule, since November
30, 2018, except as disclosed in this Agreement (or its exhibits or schedules) or, after the date hereof, otherwise approved by
Buyer as and if required under the terms of this Agreement, the Company and its Subsidiaries have conducted the Business in the
ordinary course of business and there has not been any effect, event, development or change that has resulted in a Material Adverse
Effect, or if such effect, event, development or change had occurred between the date hereof and the Closing, would violate Section
5.2.

2.9          Litigation.
Except as set forth on Section 2.9 of the Company Disclosure Schedule, as of the date hereof, there is no private or governmental
Action pending before any Governmental Authority or, to the Knowledge of the Company, threatened against the Company or its Subsidiaries
or, to the Knowledge of the Company, threatened against any of its properties, officers, directors or stockholders (in their capacities
as such). There is no judgment, decree or order against the Company or its Subsidiaries. Except as set forth on Section 2.9
of the Company Disclosure Schedule, the Company is not a party (nor, to the Knowledge of the Company, threatened to
become a party) to any Action. The Company has no plans to initiate any Action against any third party.

    	13

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

2.10        Governmental
Authorization. Except as set forth on Section 2.10 of the Company Disclosure Schedule, the Company holds all Permits
(a) pursuant to which the Company or its Subsidiaries currently operate or hold any interest in any of its properties related
to the Business or (b) that is required for the operation of the Business or the holding of any such interest, and all of
such Permits are, immediately prior to the Closing, in full force and effect, except where the failure to obtain or have any such
Permits could not reasonably be expected to have a Material Adverse Effect.

2.11        Real
Property.

(a)          The
Company and its Subsidiaries do not own any parcel of real property.

(b)          Section
2.11(b) of the Company Disclosure Schedule sets forth a correct and complete list of the real property currently leased by
the Company or its Subsidiaries, excluding public or self-storage units (the “Leased Real Property”),
including the address of the Leased Real Property and a list of all leases (the “Leases”) for each such
Leased Real Property.

(c)          The
Company or one of its Subsidiaries has a valid leasehold interest in the Leased Real Property, and the Leases are in full force
and effect in all material respects. Except as set forth in Section 2.11(c) of the Company Disclosure Schedule, the Transaction
does not require landlord consent and will not result in a breach of, or default under, any of the Leases.

(d)          No
written (or, to the Knowledge of the Company, oral) notice of default has been received or delivered by the Company or any of
its Subsidiaries under any Lease which default has not been cured, waived or rescinded as of the date hereof.

(e)          Neither
the Company nor any of its Subsidiaries have subleased, licensed or otherwise granted any Person the right to use or occupy such
Leased Real Property or any portion thereof.

(f)           The
improvements and fixtures in the Leased Real Property are in normal operating condition and capable of being used for their intended
purposes, ordinary wear and tear excepted, except as would not reasonably be expected to result in a Material Adverse Effect.
The Leased Real Property constitutes all of the real property utilized by the Company and its Subsidiaries in the operation of
its Business.

2.12        Title
to Assets; Related Matters.

(a)          As
of the date hereof, the Company and its Subsidiaries own or have a valid leasehold interest in, all of their respective tangible
personal property and tangible assets, free and clear of all Encumbrances, except Permitted Encumbrances. All equipment and other
items of tangible personal property and tangible assets of the Company and its Subsidiaries (a) are in normal operating condition
and capable of being used for their intended purposes, ordinary wear and tear excepted and (b) are usable in the ordinary course
of business, except in each of cases (a) and (b) as would not reasonably be expected to result in a Material Adverse
Effect.

    	14

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          As
of the date hereof, the tangible assets of the Company and its Subsidiaries include all of the material tangible assets that are
adequate and sufficient to operate the business of the Company and its Subsidiaries in the same manner immediately after the Closing
as was operated by the Company and its Subsidiaries on the date of this Agreement.

(c)          Neither
the Company nor the Subsidiaries lease personal property with a value of Twenty Five Thousand Dollars ($25,000) or more. As of
the date hereof, tangible assets leased by the Company or its Subsidiaries are free from material patent defects, and, to the
Knowledge of the Company, material latent defects, and are reasonably suitable for the purposes for which they are currently being
used by the Company or its Subsidiaries.

(d)          There
are no conditions affecting any such tangible property or assets, or, to the Knowledge of the Company, developments currently
existing which, individually or in the aggregate, would reasonably be expected to materially detract from the value of such tangible
property or assets, or materially interfere with the use of any such tangible property or assets.

(e)          Notwithstanding
anything in this Agreement to the contrary, certain assets of the Company listed on Schedule 4 hereto shall be distributed
by the Company or its Subsidiaries to one or more of the Sellers at or prior to Closing (the “Excluded Assets”).

2.13        Intellectual
Property.

(a)          Section
2.13(a) of the Company Disclosure Schedule identifies: (i) each registered and unexpired patent that has been issued
to the Company or its Subsidiaries with respect to any of the Intellectual Property; (ii) each pending patent application
or application for registration which the Company or its Subsidiaries have made with respect to any of the Intellectual Property;
(iii) each currently registered trademark and currently registered service mark owned by the Company or its Subsidiaries; (iv)
each trademark and service mark owned by the Company or its Subsidiaries which is the subject of a pending application; (v) each
common law or otherwise unregistered trademark, or service mark owned or purportedly owned by the Company or its Subsidiaries;
(vi) each registered domain name owned by the Company or its Subsidiaries; and (vii) each material license or agreement, that
the Company or its Subsidiaries have entered into with respect to any of the foregoing items of Intellectual Property described
in clause (i) through (vi), except for limited and non-exclusive licenses granted in the ordinary course of business to vendors
and services providers in connection with providing services to the Company or as part of licenses for commercially available
software. With respect to each item of Intellectual Property identified in Section 2.13(a) of the Company Disclosure Schedule:
(i) except for the License Agreement with Clark Pest Control, Inc. dated October 19, 2000 (“Clark Pest Control License
Agreement”) and the Agreement with Clarke Environmental Mosquito Management, Inc. dated April 20, 1998, the
item is not subject to any outstanding injunction, judgment, order, decree, ruling, or agreement prohibiting or limiting the Company’s
or its Subsidiaries’ use thereof; (ii) no action, suit or proceeding is pending or has been threatened which challenges
the legality, validity, enforceability, use or ownership of the item; and (iii) to the Knowledge of the Company, the item does
not, nor has been alleged to, violate, breach or infringe the patent, trademark, copyright or other intellectual property rights
of any other Person. No written (or, to the Knowledge of the Company, oral) license, agreement, or venture has been granted to
any Person for the right to make, use, sell or offer to sell, the patent(s) or application(s) identified in Section 2.13(a)
of the Company Disclosure Schedule.

    	15

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Section
2.13(b) of the Company Disclosure Schedule identifies each item of Intellectual Property that any third party owns and that
the Company or its Subsidiaries use pursuant to a written license or agreement and is material to the Business (other than generally
commercially available software, including off-the-shelf software subject to a shrinkwrap or clickwrap license). With respect
to each such item of Intellectual Property identified in Section 2.13(b) of the Company Disclosure Schedule: (i) the
license or agreement covering the item is legal, valid, binding and enforceable against the Company and/or its Subsidiaries, and
in full force and effect except where the failure to be would not have a Material Adverse Effect; (ii) the Company and/or
its Subsidiaries are not in material breach or default of the license or agreement; and (iii) the Company and its Subsidiaries
have not granted any sublicense or similar right with respect to the license or agreement. The Company is in compliance in all
material respects with the licensing obligations for the commercially available, off-the-shelf, and shrinkwrap or clickwrap software
installed on the Company’s computer systems.

(c)          To
the Knowledge of the Company, (i) the Company has neither sent nor has it received material notices or material communications
relating to an alleged violation of the Digital Millennium Copyright Act of 1998; (ii) except as indicated in Section 2.13(c)(ii)
of the Company Disclosure Schedule, the Company has neither sent nor has it received any material cease and desist letters
with respect to any Intellectual Property identified in Section 2.13(a) of the Company Disclosure Schedule that has not
been resolved favorably to the Company; and (iii) the Company either owns or has the right to use copyrightable content, including,
but not limited to any advertising, marketing, Websites, designs, photographs, manuals, brochures, instruction sheets, or any
other printed or electronic works currently used in and material to the business.

2.14        Taxes.
Except as set forth in Section 2.14 of the Company Disclosure Schedule:

(a)          The
Company and its Subsidiaries have timely filed (taking into account all applicable extensions) all Tax Returns required to have
been filed under applicable Laws and the Company and its Subsidiaries have paid all Taxes required to be paid in respect of such
taxable periods by the Company and its Subsidiaries. The Tax Returns filed with respect to the Company and its Subsidiaries are
true, correct and complete in all material respects. The Company and its Subsidiaries will not have any liability for Taxes for
any period ending on or before the Closing Date, or that portion of any Straddle Period up to and including the Closing Date,
with respect to the operation of the Business, and transactions occurring, on or before the Closing Date, other than those liabilities
for Taxes reflected as reserves on the Company Financial Statements, as otherwise incurred in the ordinary course of business
after the date of the Company Financial Statements or as a result of the transactions contemplated by this Agreement (including
the Section 338(h)(10) Election).

    	16

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Neither
the Company nor any of its Subsidiaries have (i) consummated or participated in, nor are currently participating in, any transaction
which was or is a “Tax shelter” transaction as defined in Sections 6662, 6011, 6111 or 6112 of the Code, applicable
regulations thereunder or other related published guidance from the Internal Revenue Service (“IRS”)
or (ii) engaged in any transaction that could give rise to (1) a registration obligation with respect to any Person under Section
6111 of the Code or the regulations thereunder, (2) a list maintenance obligation with respect to any Person under Section 6112
of the Code or the regulations thereunder, or (3) a disclosure obligation as a “reportable transaction” under Section
6011 of the Code or the regulations thereunder.

(c)          The
Company and its Subsidiaries have not received notice that the IRS or any other Governmental Authority has asserted against the
Company or its Subsidiaries any deficiency or claim for Taxes, and no issue has been raised by any Governmental Authority in any
audit that could reasonably be expected to result in a proposed deficiency of the Company or its Subsidiaries for any Pre-Closing
Straddle Tax Period not so examined, other than any such assessment or issue that has been fully resolved. No claim has ever been
made by a Governmental Authority with which the Company or any of its Subsidiaries (as the case may be) does not file Tax Returns
that the Company or such Subsidiary (as the case may be) are or may be subject to taxation by that Governmental Authority, nor,
to the Knowledge of the Company, is there any reasonable factual basis or legal basis for any such claim.

(d)          All
Tax deficiencies asserted or assessed by a Governmental Authority against the Company or its Subsidiaries have been paid or finally
settled with no remaining amounts owed.

(e)          There
is no pending or, to the Knowledge of the Company, threatened action, audit, claim, assessment, reassessment, proceeding, or investigation
with respect to the Company or its Subsidiaries involving: (i) the assessment or collection of Taxes, or (ii) a claim
for refund made by the Company or its Subsidiaries with respect to Taxes previously paid.

(f)          All
amounts that are required to be collected or withheld by the Company or its Subsidiaries, or with respect to Taxes of the Company
and its Subsidiaries, have been duly collected or withheld, and all such amounts that are required to be remitted to any Governmental
Authority have been duly remitted on a timely basis to the appropriate Governmental Authority.

(g)          Neither
the Company nor any Subsidiary (i) has been a member of an affiliated group of corporations (as defined in Section 1504 of
the Code) (other than a group the common parent of which is the Company) or (ii) has any liability for the Taxes of any Person
(other than the Company and its Subsidiaries) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local,
or foreign law), as a transferee or successor, by contract, or otherwise.

(h)          There
are no outstanding waivers of any statute of limitations with respect to the assessment, reassessment or collection of any Tax,
the filing of any Tax Returns or the payment or remittance of any Tax or amount on account of Tax.

    	17

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(i)          There
are no Encumbrances for Taxes (other than Permitted Encumbrances) due and payable upon the assets of the Company or its Subsidiaries.

(j)          Neither
the Company nor its Subsidiaries have participated in, or cooperated with, an international boycott within the meaning of Section
999 of the Code.

(k)          There
are no outstanding requests for extensions of time within which to file returns and reports in respect of any Taxes owed by the
Company or its Subsidiaries.

(l)          Accruals
or reserves for current taxes and deferred tax liabilities as stated in the Year End Financial Statements and the Interim Financial
Statements are all in accordance with GAAP applied in a manner consistent with past practices. With respect to the Interim Financial
Statements, such accruals or reserves will be adjusted in the ordinary course of business in accordance with GAAP in a manner
consistent with that used in prior taxable periods.

(m)          There
are no outstanding balances of deferred gain or loss accounts related to deferred intercompany transactions as described in Treasury
Regulation Section 1.1502-13 (or predecessor regulations) or excess loss accounts described in Treasury Regulation Sections 1.1502-32
or 1.1502-19 (or predecessor regulations) or similar items, of the Company or its Subsidiaries that will be recognized or otherwise
taken into account as a result of the Transaction.

(n)          The
Company and its Subsidiaries are not a party to or bound by any tax-sharing agreement, or similar arrangement (whether express
or implied) under which it could have any continuing liabilities after the Closing Date.

(o)          The
Company and its Subsidiaries have not applied for a ruling relating to Taxes from any Governmental Authority or entered into any
closing agreement with any Governmental Authority relating to Taxes.

(p)          The
Company has made available to Buyer correct and complete copies of federal, state and local income Tax Returns that have actually
been filed on or before the Closing Date on behalf of the Company and its Subsidiaries for all taxable years ending on or after
December 31, 2014.

(q)          Neither
the Company nor any of its Subsidiaries has been, in the past five (5) years, a party to a transaction reported or intended to
qualify as a reorganization under Section 368 of the Code. The Company has not been described as a “distributing corporation”
or a “controlled corporation” (within the meaning of Section 355(a)(1)(A) of the Code) in a distribution of shares
that was reported or otherwise constituted a distribution of shares under Section 355(i) of the Code in the two (2) years prior
to the date of this Agreement or that could otherwise constitute part of a “plan” or “series of related transactions”
(within the meaning of Section 355(e) of the Code) that includes the Transaction.

    	18

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(r)          There
are no joint ventures, partnerships, limited liability companies, or other arrangements or contracts to which the Company or its
Subsidiaries are a party and that could be treated as a partnership for federal income tax purposes.

(s)          Neither
the Company nor its Subsidiaries will be required to include any item of income in, or exclude any item of deduction from, taxable
income for any taxable period (or portion thereof) ending after the Closing Date as a result of any:

(i)          change
in method of accounting for a taxable period ending on or prior to the Closing Date;

(ii)         installment
sale or open transaction disposition made on or prior to the Closing Date; or

(iii)        prepaid
amount received on or prior to the Closing Date.

Notwithstanding
any other provision of this Agreement, the Company is not making and shall not be construed to have made any representation or
warranty as to (i) the amount or availability of any net operating loss, capital loss, tax credit, tax basis or other tax attribute,
or (ii) any Tax position that the Buyer or any of its Affiliates (including the Company and any of its Subsidiaries) may take
with respect to any taxable period (or portion thereof) beginning on or after the Closing Date.

 

2.15          Employee
Benefit Plans.

(a)          List
of Plans. Section 2.15(a) of the Company Disclosure Schedule contains a correct and complete list of each Benefit
Plan (whether or not ERISA applies) and each other employment, consulting, bonus or other incentive compensation, salary continuation
during any absence from active employment for disability or other reasons, pension, retirement, supplemental retirement, supplemental
pension, profit sharing, hospitalization, health, dental, disability, insurance, sick pay, tuition assistance, club membership,
employee loan, vacation pay, paid time off, severance, deferred compensation, incentive, fringe benefit, change in control, retention,
stock option, stock purchase, restricted stock or other compensatory plan, policy, practice, agreement or arrangement, whether
or not in writing, (i) which provides benefits or compensation to current or former employees, leased employees, independent
contractors, officers or directors or any beneficiaries thereof; (ii) which is currently maintained, administered, contributed
to or required to be contributed to by the Company or any Subsidiary, or (iii) to which the Company or any Subsidiary is
or has been a party or has had, or could have any liability whether accrued, contingent or otherwise (collectively, the “Company
Plans”).

    	19

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Plan
Documentation. With respect to each Company Plan, the Company has made available to Buyer true, accurate and complete copies
of: (i) the current plan documents and all amendments thereto; (ii) a written description of any Company Plan that is not in writing;
(iii) trust agreements, insurance and group annuity contracts, and other funding vehicles; (iv) any award certificates or agreements
issued under the Company Plan; (v) the current summary plan descriptions and summary of material modifications or other plan descriptions;
(vi) the most recent determination or opinion letter from the IRS; (vii) the charter or by-laws for any fiduciary committee of
the Company Plan; (viii) the investment policy statement; (ix) the most recent annual notices provided to employees (including
without limitation the participant fee disclosure issued to comply with the regulations under ERISA Section 404, automatic enrollment
notices, qualified default investment fund notices, and safe harbor 401(k) plan notices, and Women’s Health and Cancer Rights
notice); (x) the HIPAA privacy and security policies and procedures; (xi) the most recent annual filings made with the IRS (other
than Form 5500); and (xii) any other Company Plan-related document requested in writing by Buyer.

(c)          Reliance
on Plan Documents. Except as provided pursuant to Sections 2.15(a) and (b), there are no other Company Plans or amendments
to any Company Plans that have been adopted, approved or implemented and that affect any current or former employee, leased employee,
independent contractor, officer or director (or their beneficiaries) of the Company or any Subsidiary. No written or oral statement
has been made with regard to any Company Plan that was not in accordance with the terms of such Company Plan and that could have
a material adverse economic consequence to the Company, a Subsidiary, or Buyer and its Affiliates.

(d)          Material
Compliance. Each of the Company Plans is, and has been, maintained, administered, and operated in all material respects in
accordance with its terms and in compliance in all material respects with applicable Laws including, but not limited to, the Code
and ERISA. The IRS has issued, or is deemed to have issued, a favorable determination letter with respect to each Company Plan
that is intended to be a “qualified plan” within the meaning of Code Section 401(a); and, to the Company’s Knowledge,
no fact or event has occurred before or since the date of such letter or letters that could adversely affect the qualified status
of such Company Plan. In particular and without limiting the foregoing:

(i)          Neither
the Company nor any Subsidiary and, to the Company’s Knowledge, no other Person has engaged in any transaction with respect
to any Company Plan that would be reasonably likely to subject the Company, a Subsidiary, a Company Plan fiduciary, or any other
Person to any material Taxes or material penalty (civil or otherwise) imposed by ERISA, the Code or other applicable Law;

(ii)         All
Company Plans that are group health plans have been operated in material compliance with COBRA and HIPAA;

(iii)        Each
Company Plan that is a nonqualified deferred compensation plan (as defined in Code Section 409A(d)(1)) is, and has been, exempt
from, and/or in compliance with, Code Section 409A; and no participant in such Company Plan has become subject to (whether or
not reported) the Tax imposed by Code Section 409A(a)(1)(B);

(iv)        For
all periods on and after January 1, 2015, the Company and each Subsidiary has offered to all of its “full-time employees”
and their “dependents” “minimum essential coverage” that provides “minimum value” and is “affordable”
(all within the meanings given such terms in Section 4980H of the Code and the regulations thereunder). The Company and each Subsidiary
have complied in all material respects with all other requirements of the Patient Protection and Affordable Care Act; and

    	20

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(v)         All
notices required by the Law to be provided to participants and beneficiaries in each Company Plan have been provided in a manner
and at a time that complies with such legal requirements.

(e)          Certain
Types of Plans. (i) None of the Company Plans is a Multiemployer Plan, a multiemployer welfare plan, a multiple employer plan
within the meaning of Code Section 413(c); and (ii) neither the Company nor its Subsidiaries have sponsored, maintained or
contributed to, or otherwise could have any liability with respect to, any Benefit Plan subject to Title IV of ERISA.

(f)          Post-Employment
Welfare Plans. No Company Plan provides health care or other welfare benefits to former employees or beneficiaries or dependents
thereof, except for continuation coverage as required by COBRA or by applicable state insurance Laws; and any such COBRA continuation
coverage is provided only to the extent that the former employee pays the entire “applicable premium” as defined in
COBRA.

(g)          Funding.

(i)          Except
as would not be material, all contributions (including employee salary reduction contributions), premiums or other payments by
the Company or the Subsidiaries due or required to be made under any Company Plan prior to the date hereof or the Closing Date
have been made as of the date hereof and as of the Closing Date, as applicable, in accordance with the terms of each Company Plan
and applicable Law; and

(ii)         Except
as would not be material, to the extent required in accordance with GAAP, the Company and the Subsidiaries have made, and as of
the Closing Date will have made, appropriate entries in their financial records and statements for liabilities under Company Plans
that have accrued but are not due; and

(iii)        There
are no pending (or, to the Knowledge of the Company, threatened) audits, investigations, examinations, actions, liens, suits,
or proceedings relating to any Company Plan other than routine claims by individuals entitled to benefits thereunder, nor is any
Company Plan the subject of any pending (or, to the Knowledge of the Company, any threatened) investigation or audit by any Governmental
Authority or any other Person.

(h)          Acceleration
of Vesting or Payments. The Transaction will not (either alone or together with any other event) (i) entitle any individual
to any bonus, severance, retirement or other benefit; (ii) accelerate the time of payment or vesting; (iii) require any funding
(through a grantor trust or otherwise) of compensation or benefits; or (iv) increase the amount payable or give rise to any other
obligation pursuant to any Company Plan.

    	21

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(i)           ERISA
Affiliates. The Subsidiaries are, and have been, the only ERISA Affiliates.

2.16        Employee
Matters.

(a)          Section
2.16(a) of the Company Disclosure Schedule contains a true and complete list of all employees who are employed by the Company
or Subsidiaries as of the date of this Agreement.

(b)          Except
as disclosed in Section 2.16(b) of the Company Disclosure Schedule, there are no Actions pending, or, to the Knowledge
of the Company, threatened (meaning any informal, formal, written or verbal complaint related to an alleged violation of the law
as enumerated in this section) or reasonably anticipated relating to any labor and employment, employee benefits, state/municipal
leave, wage and hour, state wage orders (including, but not limited to, overtime pay, rest and meal periods, itemized wage statements,
and termination pay), workers’ compensation, workplace health and safety or human rights or discrimination or retaliation
matters involving any employee or independent contractor of the Company that could materially affect the Business or Buyer’s
operation of the Business substantially in the manner being conducted. The Company is not presently, nor has it been in the past,
a party to, or bound by, any collective bargaining agreement or union contract with respect to employees or contractors and no
collective bargaining agreement is being negotiated by the Company. To the Knowledge of the Company, there are no current attempts
to organize or establish any labor union or employee association with respect to any employees or contractors of the Company.

(c)          The
Company has paid, or has accurately reflected in its books and records, all compensation, remuneration, salaries, wages, bonuses,
fringe benefits, incentives, and other material compensation, including termination and severance pay (if applicable) accruing
up to the Closing in respect of all current and former employees of the Company and its Subsidiaries. There are no bonuses or
incentives that are payable to employees of the Company in respect of projects or work undertaken for the period prior to and
ending on Closing.

(d)          There
are no (i) agreements providing for payments to any director, officer, employee or independent contractor in connection with
a change of control of the Company, or (ii) agreements as to length of termination notice greater than thirty (30) days or
severance payment required to terminate employment, other than such as results by Law from the employment of an employee without
an agreement as to notice or severance. There are no promises of, or other legally binding commitments to provide, increases of
compensation to the employees of the Company or its Subsidiaries over or beyond those set out in such contracts of employment
or Company Plans.

    	22

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(e)          Other
than as set forth in Section 2.16(e) of the Company Disclosure Schedule, none of the full time current employees or independent
contractors of the Company or its Subsidiaries receiving annual compensation over Twenty Five Thousand Dollars ($25,000) have
given the Company written notice terminating his or her employment or engagement with the Company, or terminating his or her employment
upon a sale of, or business combination relating to, the Company or in connection with the Transaction. Other than as set forth
in Section 2.16(e) of the Company Disclosure Schedule, since December 31, 2017, the Company has not terminated any employees
or independent contractors outside of the ordinary course of business. Other than as may be determined in connection with the
Transaction, the Company has no present intention to terminate the employment of any current key employee or independent contractor
of the Company or its Subsidiaries, or any group of employees or independent contractors. To the Knowledge of the Company, no
current employee, consultant or independent contractor is a party to or is bound by any employment agreement, patent disclosure
agreement, non-competition agreement, any other restrictive covenant or other agreement with any Person, or subject to any judgment,
decree or order of any court or administrative agency, any of which would reasonably be expected to have a material adverse effect
in any way on (i) the performance by such Person of any of his or her duties or responsibilities for the Company or (ii) the
Business.

(f)          The
Company has made all required payments to its unemployment compensation reserve accounts with the appropriate Governmental Authority
of the states or other jurisdictions where it is required to maintain such accounts.

(g)          The
Company is now and at Closing will be in compliance in all material respects with its employment policies and procedures (a copy
of which have been provided to Buyer), all applicable Laws and Contracts relating to employment and employment practices, including
immigration, wages, hours, meal and rest periods, sick leave pay, medical leave practices, occupational health and safety, and
terms and conditions of employment (including employee compensation matters and the correct classification of employees as exempt
employees and non-exempt employees under the Fair Labor Standards Act and any other applicable Laws). The Company has not incurred,
and no circumstances exist as of the date of this Agreement, under which the Company would reasonably be expected to incur, any
material liability arising from the misclassification of any employee as a consultant or independent contractor.

2.17        Material
Contracts.

(a)          Section
2.17 of the Company Disclosure Schedule sets forth a correct and complete list of the following Contracts to which the Company
or any of its Subsidiaries is currently a party (other than Company Plans set forth on Section 2.15(a) of the Company Disclosure
Schedule) (all such Contracts, the “Material Contracts”):

(i)          any
voting trust or other agreements affecting the voting rights of holders of the Capital Stock of the Company to which any of the
Sellers or the Company is a party other than the Company Charter Documents and the Subsidiary Charter Documents;

(ii)         all
Contracts to which the Company or any of its Subsidiaries is a party evidencing or governing Indebtedness;

(iii)        any
Contracts relating to the making of any loan or advance by the Company or any of its Subsidiaries;

    	23

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(iv)        all
Contracts to which the Company or any of its Subsidiaries is a party relating to the Leased Real Property;

(v)         all
operating leases or licenses involving the use of any material personal property or material asset (excluding any real property
or Intellectual Property) of the Company and its Subsidiaries for which the annual rent exceeds Fifty Thousand Dollars ($50,000);

(vi)        all
Contracts for capital expenditures or the acquisition or construction of fixed assets requiring the payment by the Company or
any Subsidiary of an amount in excess of Fifty Thousand Dollars ($50,000) per Contract;

(vii)       all
current Contracts with Clients and Vendors;

(viii)      any
Contracts with sales agents or other agents, brokers, franchisees, distributors or dealers other than in the ordinary course;

(ix)         any
Contract that imposes any ongoing non-compete, exclusivity or similar restriction on the Company or any of its Subsidiaries with
respect to any line of business or geographic area in which the Company or any Subsidiary is currently engaged (excluding, for
avoidance of doubt, any employee non-solicit and/or no-hire covenants entered into by the Company or any of its Subsidiaries in
the ordinary course of business);

(x)          any
license, sublicense or royalty agreement relating to items of Intellectual Property required to be identified in Section 2.13(a)
and Section 2.13(b) of the Company Disclosure Schedule;

(xi)         any
Contract that requires the Company or its Subsidiaries to make payments in an amount greater than Fifty Thousand Dollars ($50,000)
per annum that is not terminable without penalty upon less than six (6) months prior written notice by the Company or its Subsidiaries;

(xii)        any
Contract that contains a “most favored nations” provision;

(xiii)       any
Contracts or engagements awarded to the Company or its Subsidiaries based on size, socio-economic or other preferred status;

(xiv)      any
employment Contract involving aggregate compensation, inclusive of base salary, bonus and commission in excess of One Hundred
Thousand Dollars ($100,000) per annum; and

(xv)       any
partnership, limited liability company (other than wholly owned entities), joint venture or other similar Contracts to which the
Company or any Subsidiary is a party.

    	24

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Complete
copies of each Material Contract, including all material amendments, modifications, and supplements thereof, have been made available
to Buyer. As of the date hereof, each Material Contract is valid, binding and enforceable in all material respects in accordance
with its respective terms with respect to the Company or any of its Subsidiaries, as applicable, subject only to the effect, if
any, of (i) Laws of general application relating to bankruptcy, insolvency, reorganization, moratorium and the relief of
debtors or similar Laws affecting creditors’ rights generally, and (ii) the availability of specific performance, injunctive
relief and other equitable remedies (regardless of whether considered in a proceeding at Law or in equity). Except as set forth
in Section 2.17 of the Company Disclosure Schedule, the Company has not been informed by the counterparty in writing
(or, to the Knowledge of the Company, orally) of any claim of material breach by the Company or any of its Subsidiaries, as applicable,
under any Material Contract and otherwise has no Knowledge of any such breach by the Company or any of its Subsidiaries, as applicable,
under any Material Contract (and, to the Knowledge of the Company, no condition exists that, with notice or lapse of time or both,
would constitute a default by the Company or any of its Subsidiaries), nor any default which would give the other party the right
to terminate or modify such Material Contract or would accelerate any material obligation or material payment by the Company nor,
to the Knowledge of the Company, is any other party to any Material Contract in default thereunder. On or prior to the Effective
Time, the Company shall have delivered all necessary notices to, and used its reasonable commercial efforts to have obtained all
necessary consents from, all parties to any Material Contracts listed on Section 2.5(a) of the Company Disclosure Schedule
as are required thereunder in connection with the Transaction. As of the date hereof, none of the Material Contracts is currently
being renegotiated outside the ordinary course of business. To the Knowledge of the Company, solely with respect to Material Contracts
with Clients, no party to any of such Material Contracts has made, asserted or has any defense, setoff or counterclaim under its
Material Contract or has exercised any option granted to it to cancel, terminate or shorten the term of its Material Contract,
in each case due to performance. No counterparty to a Material Contract has repudiated or, to the Knowledge of the Company, threatened
to repudiate any provision of any Material Contract.

2.18        Transactions
with Affiliates. Other than as set forth in Section 2.18 of the Company Disclosure Schedule, there are no loans, leases,
royalty agreements or other continuing transactions with continuing obligations between the Company or its Subsidiaries and any
of its present directors or officers or, to the Company’s Knowledge, former directors or officers or current or former employees
(other than ordinary course proprietary information, invention assignment, non-competition or non-solicitation agreements that
restrict the ability of such employee to compete with or solicit from the Company), consultants, representatives or stockholders
or any member of any director, officer, employee, consultant, representative or stockholder’s family. To the Company’s
Knowledge, none of its present directors, officers, employees, consultants or stockholders has any material interest in any entity
that does business with the Company (other than any interest in less than 5% of the stock of any publicly-traded corporation),
has any material interest in any entity which competes with the Business, has any material interest in any property, asset or
right used by the Company or its Subsidiaries in the conduct of the Business or, other than as set forth in Section 2.18 of
the Company Disclosure Schedule, has any contractual relationship (whether written or oral) with the Company other than such
relationships that result solely from being a Company director, officer, employee, consultant or stockholder.

    	25

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

2.19          Environmental
Matters.

(a)          Except
as would not reasonably be expected to result in a Material Adverse Effect, the Company and its Subsidiaries are, and at all times
during the previous five (5) years have been, in compliance with all Environmental Laws governing its Business, operations, properties
and assets, including, without limitation: (i) all requirements relating to the Discharge and Handling of Hazardous Substances;
(ii) all requirements relating to notice, record keeping and reporting; (iii) all requirements relating to obtaining
and maintaining Permits issued pursuant to Environmental Law for the ownership of its properties and assets and the operation
of its business as presently conducted, including Permits relating to the Handling and Discharge of Hazardous Substances; and
(iv) all applicable writs, orders, judgments, injunctions, decrees, informational requests or demands issued pursuant to,
or arising under, any Environmental Laws.

(b)          There
are no (and there is no basis for any) non-compliance orders, warning letters, notices of violation (collectively, “Notices”),
claims, suits, actions, judgments, penalties, fines, or administrative or judicial investigations or proceedings (collectively,
“Proceedings”) pending or threatened against or involving the Company, or its business, operations,
properties or assets, issued by any Governmental Authority or third party with respect to any Environmental Laws or Permits issued
to the Company thereunder in connection with, related to or arising out of the ownership by the Company of its properties or assets
or the operation of its business, which have not been resolved to the satisfaction of the issuing Governmental Authority or third
party in a manner that would not impose any material obligation, burden or continuing material liability on the Company in the
event that the Transaction is consummated, or which could have a Material Adverse Effect on the Company, including, without limitation:
(i) Notices or Proceedings related to the Company being a potentially responsible party for a federal or state or provincial
environmental cleanup site or for corrective action under any applicable Environmental Laws; (ii) Notices or Proceedings
relating to the Company being responsible to undertake any response or remedial actions or clean-up actions of any kind; or (iii) Notices
or Proceedings related to the Company being liable under any Environmental Laws for personal injury, property damage, natural
resource damage, or clean up obligations.

(c)          Except
as would not reasonably be expected to result in a Material Adverse Effect, neither the Company nor its Subsidiaries have Handled
or Discharged, nor allowed or arranged for any third party to Handle or Discharge, Hazardous Substances to, at or upon: (i) any
location other than a site lawfully permitted to receive such Hazardous Substances; (ii) any real property currently or previously
owned or leased by the Company or its Subsidiaries (other than in the ordinary course of business in compliance in all material
respects with applicable Environmental Laws) for which the Company or any of its Subsidiaries may be liable; or (iii) any
site which, pursuant to any Environmental Laws, (x) has been placed on the National Priorities List or its state equivalent,
or (y) the Environmental Protection Agency or the relevant state agency or other Governmental Authority has notified the
Company or its Subsidiaries that such Governmental Authority has proposed or is proposing to place on the National Priorities
List or its state equivalent. There has not occurred, nor is there presently occurring, a Discharge, or threatened Discharge,
or any Hazardous Substance on, into or beneath the surface of, or adjacent to, any real property currently or previously owned
or leased by the Company in an amount requiring a notice or report to be made to a Governmental Authority or in material violation
of any applicable Environmental Laws for which the Company would reasonably be liable or responsible.

    	26

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)          Section
2.19 of the Company Disclosure Schedule identifies the real property currently or previously owned or leased by the Company
or its Subsidiaries which have involved the Handling or Discharge of Hazardous Substances for which the Company or any of its
Subsidiaries may reasonably be liable.

(e)          This
Section 2.19 contains the complete set of representations and warranties offered by the Company pursuant to or related
to Environmental Law.

2.20        Pest
Treatment; Termite Matters.

(a)          Except
as would not reasonably be expected to result in a Material Adverse Effect, the Company and its Subsidiaries are in compliance
with all statutes, laws, ordinances, rules, orders and regulations of federal, state and local governments and manufacturer treatments
and protocols applicable to it, its Business and operations (as conducted by the Company and its Subsidiaries now) applicable
to the pest control segment of the Business. The Company and its Subsidiaries have no material claims pending under any of the
Company’s or Subsidiaries’ pest control warranties or guarantees, and except as set forth on Section 2.20(a) of
the Company Disclosure Schedule, neither the Company nor its Subsidiaries have received notice of any such material claims
and, to the Company’s Knowledge, no such material claims are threatened. Since January 1, 2014, neither the Company nor
its Subsidiaries have received any written communication from any Governmental Authority or manufacturer that alleges that the
Company or its Subsidiaries are not in material compliance with any such federal, state, or local laws, rules or regulations or
manufacturer treatments and protocols.

(b)          To
the Company’s Knowledge:

(i)          Company
and its Subsidiaries are in material compliance with all statutes, laws, ordinances, rules, orders and regulations of federal,
state and local governments and manufacturer treatments and protocols applicable to it, its Business and operations (as conducted
by the Company and its Subsidiaries now) relating to the termite control segment of the Business;

(ii)         All
services for termite control customers have been performed pursuant to written contracts with the customers and in accordance
with the Company’s normal operating policies;

(iii)        The
Company and its Subsidiaries have no claims pending under any of the Company’s or Subsidiaries’ termite warranties
or guarantees;

    	27

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(iv)        Neither
the Company nor its Subsidiaries have received notice of any such claims and no such claims are threatened;

(v)         No
default exists under any customer contract and no event has occurred which, but for the lapse of time or the giving of notice,
or both, would be such a default;

(vi)        All
obligations of Company arising under the termite control customer contracts up to and including the date hereof, both monetary
and non-monetary, have been satisfied;

(vii)       Except
as set forth in Section 2.20 of the Company Disclosure Schedule, since January 1, 2014, the Company has not had a termite
related claim not covered by or in excess of coverage provided to the Company by any existing general liability insurance, including
termite coverage, carried by the Company; and

(viii)      Since
January 1, 2014, neither the Company nor its Subsidiaries have received any written communication from any Governmental Authority
or manufacturer that alleges that the Company or its Subsidiaries are not in compliance with any such federal, state, provincial
or local laws, rules or regulations or manufacturer treatments and protocols.

2.21        Clients
and Vendors. Section 2.21 of the Company Disclosure Schedule contains a complete list of the names of the top 20 Clients
and top 20 Vendors, including the amount of revenue recorded for such Clients and the payments made to such Vendors for the fiscal
year ended December 31, 2017. To the Knowledge of the Company, no event has occurred that has adversely affected, or would reasonably
be expected to adversely affect, the Company’s or its Subsidiaries’ relations with any Client or Vendor. Except as
set forth in Section 2.21 of the Company Disclosure Schedule, no Client or Vendor has cancelled, terminated or,
to the Knowledge of the Company, made any threat to cancel or otherwise terminate any of its Contracts with the Company or its
Subsidiaries or to materially decrease its usage or supply of the Company’s or its Subsidiaries’ services or products.

2.22        Bankruptcy;
Insolvency. Neither the Company nor its Subsidiaries have (i) instituted proceedings under any applicable bankruptcy
Law, (ii) had a bankruptcy proceeding filed against it, (iii) filed a petition or answer of consent seeking reorganization
under any bankruptcy or any similar Law or similar statute, (iv) consented to the filing of any such petition, (v) had
appointed a custodian of it or any of its assets or property, (vi) made a general assignment for the benefit of creditors,
(vii) admitted in writing its inability to pay its debts generally as they become due, (viii) become insolvent, (ix) failed
generally to pay its debts as they become due, or (x) taken any corporate action in furtherance of or to facilitate, conditionally
or otherwise, any of the foregoing.

2.23        Brokers
or Finders. Except as otherwise set forth in Section 2.23 of the Company Disclosure Schedule, neither the Company nor
its Subsidiaries have incurred, nor will incur, directly or indirectly, as a result of any action taken by the Company, any liability
for any fee, compensation or commission or any similar charges to any Person in connection with this Agreement or the Transaction.

    	28

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

2.24        No
Restrictions. Except as set forth on Section 2.24 of the Company Disclosure Schedule and other than Restrictions (as
defined below) which do not and will not materially affect the conduct of the Business, neither the Company nor its Subsidiaries
are a party to, and no asset or property of the Company or its Subsidiaries are bound or affected by, any judgment, injunction,
order, decree, contract, covenant or agreement (non-compete or otherwise, and whether written or oral) (each, a “Restriction”)
that restricts or prohibits, or purports to restrict or prohibit, the Company or its Subsidiaries from freely engaging in the
Business or from competing anywhere in the world (including any Contracts, covenants or agreements (whether written or oral) restricting
the geographic area in which the Company or its Subsidiaries may sell, license, market, distribute or support any products or
provide services; or restricting the markets, customers or industries that the Company or its Subsidiaries may address in operating
the Business; or restricting the prices which the Company or its Subsidiaries may charge for its products or services), or includes
any grants by the Company or its Subsidiaries of exclusive rights or licenses.

2.25        Insurance.
Section 2.25 of the Company Disclosure Schedule contains a complete and accurate list and description of all insurance
policies which are owned by the Company or its Subsidiaries or which name the Company or its Subsidiaries as an insured and which
pertain to the assets, operations, or employees of the Business (collectively, “Insurance Policies”).
As of the date of the execution of this Agreement, all such Insurance Policies are, to the Company’s Knowledge, in full
force and effect, the Company and its Subsidiaries are in material compliance with the terms of such policies and the Company
has not received written notice of termination or non-renewal of such policies or written notice that consummation of the Transaction
will result in termination thereof.

2.26        Bank
Accounts. Section 2.26 of the Company Disclosure Schedule sets forth (i) the name of each Person with whom the
Company or its Subsidiaries maintain an account or safety deposit box, (ii) the address where each such account or safety
deposit box is maintained, and (iii) the names of all Persons authorized to draw thereon or to have access thereto.

2.27        Powers
of Attorney. No power of attorney has been granted by the Company or its Subsidiaries that is currently in effect.
Neither the Company nor its Subsidiaries have given any irrevocable power of attorney (other than such powers of attorney given
in the ordinary course of business with respect to routine matters or as may be necessary or desirable in connection with the
consummation of the Transaction) to any Person for any purpose whatsoever with respect to the Company or its Subsidiaries.

    	29

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

2.28        Foreign
Corrupt Practices. Neither the Company, nor any of its Subsidiaries, nor, to the Knowledge of the Company, any other Person
associated with or acting for or on behalf of the Company or its Subsidiaries, has directly or indirectly taken any action that
would cause the Company or any of its Subsidiaries to be in violation of the United States Foreign Corrupt Practices Act of 1977,
as amended (“FCPA”). Neither the Company nor any of its Subsidiaries, nor, to the Knowledge of the Company,
any other Person associated with or acting for or on behalf of the Company or any of its Subsidiaries, has directly or indirectly
(i) made any contribution, gift, bribe, rebate, payoff, influence payment, kick-back, or other similar payment to any Person,
private or public, regardless of form, whether in money, property or services (x) to obtain preferential treatment in securing
business, (y) to pay for preferential treatment for business secured, (z) to obtain special concessions or for special concessions
already obtained, for or in respect of the Company or any of its Subsidiaries, or in violation of any applicable Laws, or (ii)
established or maintained any fund or asset that has not been recorded, or made any false or fictitious entries to disguise any
such payment, in the books and records of the Company or any of its Subsidiaries. All payments to agents, consultants and others
made by the Company and its Subsidiaries have been in payment of bona fide fees and commissions.

2.29        Privacy
Laws. Except for such noncompliance or default that, individually or in the aggregate, would not reasonably be expected to
have a Material Adverse Effect, the Company and each of its Subsidiaries have complied with, and are not in default under, any
applicable Laws related to data protection or privacy; the Fair Credit Reporting Act; the Telephone Consumer Protection Act (TCPA)
(47 U.S.C. § 227), and the rules, regulations and guidance promulgated thereunder issued by the Federal Communications Commission
(47 C.F.R. pts. 64, 68); the Telemarketing and Consumer Fraud and Abuse Prevention Act (15 U.S.C. §§ 6101–08),
as implemented by the Telemarketing Sales Rule issued by the Federal Trade Commission (16 C.F.R. pt. 310); and all Laws that apply
to outbound telemarketing or other telephone contact, including text or SMS messages, to landline or wireless numbers. This includes,
without limitation, ensuring any call made using an automatic telephone dialing system or artificial or prerecorded voice is made
with prior express consent, or prior express written consent, of the called party, whichever is applicable, if required by applicable
Laws. Neither the Company nor any of its Subsidiaries has received any written notice from any Governmental Authority asserting
that the Company or any of its Subsidiaries is in violation of or default with respect to any of the foregoing, except for such
noncompliance or default that would not, either individually or in the aggregate, reasonably be expected to have a Material Adverse
Effect.

2.30        Disclosure.

(a)          No
representation or warranty of the Company in this Agreement and no statement in the Company Disclosure Schedule omits to state
a material fact necessary to make the statements herein or therein, in light of the circumstances in which they were made, not
misleading.

(b)          No
notice given pursuant to Section 5.7 hereof will contain any untrue statement or omit to state a material fact necessary
to make the statements therein or in this Agreement, in light of the circumstances in which they were made, not misleading.

(c)          Except
for the representations and warranties expressly contained in this Article II (as modified by the Company Disclosure Schedule)
and certificates delivered by the Company under Section 7.2(a) of this Agreement, the Company has not made, and does not
make, any other representations or warranties, whether written or oral, express or implied, in connection with this Agreement,
the Transaction or the other transactions contemplated hereby.

    	30

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

Article
III

Representations and Warranties of Sellers

Each
Seller, severally and not jointly, hereby represents and warrants to Buyer, and acknowledges that Buyer is relying upon such representations
and warranties in connection with its purchase of the Shares, that the statements contained in this Article III are true
and correct as of the date hereof, except as set forth in the Sellers’ Disclosure Schedule delivered to Buyer concurrently
with the execution and delivery of this Agreement (the “Sellers’ Disclosure Schedule”), which
disclosure shall provide an exception to, or otherwise qualify, the representations or warranties of the Sellers contained in
the section of this Agreement corresponding by number to such disclosure and to any other representation or warranty in this Agreement
to which the applicability of such disclosure is reasonably apparent on its face or if the items are expressly cross-referenced.

3.1          Power
and Authority; Execution and Validity. Each Seller has full power, authority and the
requisite capacity necessary to enter into, deliver and perform its obligations pursuant to this Agreement and to consummate the
Transaction. Each Seller’s execution, delivery and performance of this Agreement have been duly authorized and no other
actions or proceedings on the part of each Seller are necessary to authorize this Agreement and the Transaction. This Agreement
has been duly and validly executed and delivered by each Seller and constitutes the valid and binding obligation of each Seller,
enforceable against each Seller in accordance with its terms, subject to the effect, if any, of (i) Laws of general application
relating to bankruptcy, insolvency, reorganization, moratorium and the relief of debtors or similar Laws affecting creditors’
rights generally, and (ii) the availability of specific performance, injunctive relief and other equitable remedies (regardless
of whether considered in a proceeding at Law or in equity).

3.2          Absence
of Conflicts. The execution and delivery by such Seller of this Agreement, the performance
by such Seller of its obligations hereunder and the consummation by such Seller of the Transaction will not (a) result in
any violation or breach of any agreement or, to the Seller’s Knowledge, any Governmental Authority’s requirement,
(b) result in any violation or breach of, or constitute a default under, or constitute an event creating rights of acceleration,
prepayment, termination, amendment, suspension, revocation or cancellation or a loss of rights under, any term or provision of
any note, bond, mortgage, indenture, lease, franchise, Permit, License, Contract or other instrument or document to which such
Seller is a party or by which such Seller’s properties or assets are bound, (c) assuming that the filings and consents
referred to in Section 2.5 and Section 5.6 of this Agreement are made or obtained, result in any violation of any requirements
of Law or any court order applicable to such Seller or its respective properties or assets, except, with respect to clauses (b) and
(c), such triggering of payments, violations, breaches, defaults, creation or loss of rights which would not reasonably be
expected to have a Material Adverse Effect.

    	31

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

3.3          Governmental
and Third Party Approvals. Except for the notices and consents listed on Section 3.3
of the Sellers’ Disclosure Schedule and those regulatory approvals of Buyer and Company referenced in Section 5.6 of
this Agreement, to the Seller’s Knowledge, there is no requirement applicable to such Seller to obtain any consent of, or
to make or effect any declaration, filing or registration with, any Governmental Authority or other Person for the valid execution
and delivery by such Seller of this Agreement, the due performance by such Seller of its respective obligations hereunder or the
lawful consummation by such Seller of the Transaction, except for consents, authorizations, filings, approvals and registrations
which, if not obtained or made, would not have a Material Adverse Effect.

3.4          Title
to Securities. Such Seller holds of record, owns beneficially, and has good and marketable
title to all of those securities listed opposite such Seller’s name on Schedule 1, free and clear of all Encumbrances,
other than Encumbrances imposed by United States federal, state, provincial and foreign securities Laws, and has full and unrestricted
power to transfer such securities to Buyer. Other than this Agreement and as set forth in Section 3.4 of the Sellers’
Disclosure Schedule, no Seller’s securities are subject to any purchase option, call option, right of first refusal,
preemptive right, subscription right or any similar right, any voting trust agreement or any other similar agreement, including
any agreement restricting or otherwise relating to the voting, dividend rights or disposition of such securities. Upon the sale,
transfer and delivery of the securities to Buyer pursuant to this Agreement, Buyer will acquire all interests of such Seller in
and to all of Seller’s Capital Stock, free and clear of any Encumbrances, other than Encumbrances related to the limitations
imposed by United States federal, state, provincial and foreign securities Laws.

3.5          Litigation.
There are no Actions pending or, to the Seller’s Knowledge, threatened against such Seller or to which such Seller is a
party (a) that relate to this Agreement or any action taken or to be taken by such Seller in connection therewith, or which
seek to enjoin or obtain monetary Damages in respect of, this Agreement or (b) that would reasonably be expected to have
a Material Adverse Effect.

3.6          Fees.
Such Seller has not paid or become obligated to pay any fee or commission to any broker, finder or other intermediary in connection
with the Transaction.

3.7          No
Other Representations and Warranties. Except for the representations and warranties expressly contained in this Article III
(as modified by the Sellers’ Disclosure Schedule), no Seller has made, and no Seller makes, any other representations or
warranties, whether written or oral, express or implied, in connection with this Agreement, the Transaction or the other transactions
contemplated hereby.

Article
IV

Representations and Warranties of Buyer

Buyer
represents and warrants to the Company and Sellers, and acknowledges that the Company and Sellers are relying upon such representations
and warranties in connection with the Transaction and the consummation thereof, and that the statements contained in this Article
IV are true and correct as of the date hereof.

    	32

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

4.1          Corporate
Organization, Standing and Power. Buyer is a corporation duly organized, validly existing and in good standing under the laws
of Delaware. Buyer has the corporate power to own its properties and to carry on its business as now being conducted and is duly
qualified to do business and is in good standing in each jurisdiction in which the failure to be so qualified and in good standing
would adversely affect the ability of Buyer to perform its obligations under this Agreement and the other Transaction Documents
and consummate the Transaction and the other transactions contemplated by the other Transaction Documents.

4.2          Authority.

(a)          Buyer
has all requisite corporate power and authority to execute and deliver this Agreement and the other Transaction Documents and
to perform its obligations hereunder and thereunder and to consummate the Transaction and the transactions contemplated by the
Transaction Documents. The execution and delivery of this Agreement and the other Transaction Documents and the consummation of
the Transaction and the transactions contemplated by the Transaction Documents have been duly authorized by all necessary corporate
action on the part of Buyer. This Agreement and the other Transaction Documents have been duly executed and delivered by Buyer
and (assuming due authorization, execution and delivery by each other party thereto) constitute valid and binding obligations
of Buyer, enforceable against Buyer, in accordance with their terms subject to (i) Laws of general application relating to
bankruptcy, insolvency, reorganization, moratorium and the relief of debtors or similar Laws affecting creditors’ rights
generally, and (ii) the availability of specific performance, injunctive relief and other equitable remedies (regardless
of whether considered in a proceeding at Law or in equity).

(b)          The
execution and delivery of this Agreement and the other Transaction Documents by Buyer do not, and the consummation of the Transaction
and the transactions contemplated by the Transaction Documents will not, conflict with, or result in any violation of, or default
under (with or without notice or lapse of time, or both), or give rise to a right of termination, cancellation or acceleration
of any obligation or loss of any benefit under any provision of the Buyer Charter Documents.

(c)          No
consent, approval, order or authorization of, or registration, declaration or filing with, any Governmental Authority or any other
Person is required by or with respect to Buyer in connection with the execution and delivery of this Agreement and the other Transaction
Documents or the consummation of the Transaction or the transactions contemplated by the Transaction Documents, except for (i) such
consents, approvals, orders, authorizations, registrations, declarations and filings as may be required under applicable securities
Laws and the HSR Act, and (ii) such other consents, authorizations, filings, approvals and registrations which, if not obtained
or made, would not adversely affect the ability of Buyer to perform its obligations under this Agreement and the other Transaction
Documents and would not prevent, or materially alter or delay the consummation of the Transaction and the transaction contemplated
by the other Transaction Documents.

    	33

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

4.3          Litigation.
There is no Action pending before any Governmental Authority or, to the Knowledge of Buyer, threatened (including allegations
that could form the basis for future Action), against Buyer or any of its properties, officers, directors or stockholders (in
their capacities as such), or any judgment, decree or order against Buyer, in each case that could reasonably be expected to adversely
affect the ability of Buyer to perform its obligations under this Agreement and the other Transaction Documents and consummate
the Transaction and the other transactions contemplated by the other Transaction Documents or materially alter or delay the Transaction.

4.4          Sufficiency
of Funds. On the date hereof and on the Closing Date, Buyer has and will have sufficient immediately available funds to pay
the Purchase Price pursuant to this Agreement.

4.5          Brokers
or Finders. Buyer has not incurred, and will not incur, directly or indirectly, as a result of any action taken by Buyer,
any liability for brokerage or finders’ fees or agents’ commissions or any similar charges in connection with this
Agreement or the Transaction.

4.6          Investment
Experience. Buyer has knowledge and experience in financial and business matters and is capable of evaluating the merits and
risks of the Transaction and the other transactions contemplated herein. Without derogating from any of the above, Buyer is able
to fend for itself and can bear the economic risk of the Transaction and the other transaction contemplated herein.

4.7          Independent
Investigation; Non-Reliance.

(a)          Buyer
acknowledges that it and its Representatives have been permitted access to those books and records, facilities, equipment, tax
returns, contracts, insurance policies (or summaries thereof) and other properties and assets of the Company and its Subsidiaries,
which the Company posted in the virtual dataroom or otherwise provided to Buyer or any of its Representatives, and that it and
its Representatives have had the opportunity to meet with Company and its Subsidiaries personnel to discuss the business of the
Company and its Subsidiaries.

(b)          Buyer
acknowledges and agrees that, except for the representations and warranties expressly set forth in this Agreement, (i) neither
the Sellers nor the Company make, and none has made, any representations or warranties whatsoever relating to the Sellers, the
Company, its Subsidiaries or any of their respective Affiliates, and Buyer is not relying on any representation or warranty except
for those expressly set forth in Article II and Article III, (ii) any data, financial information, memorandum, presentations
or any other materials or information provided, addressed or made available to Buyer or anyone on its behalf are not and shall
not be deemed to be or include representations or warranties unless any such materials or information is subject to any expression
representation or warranty set forth in Article II or Article III and (iii) notwithstanding the foregoing, neither
the Company nor any Seller make any representations or warranties relating to any projections, estimates, predictions or prospects
(or the assumptions used in their preparation) provided, addressed or made available to Buyer or anyone on its behalf.

    	34

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

Article
V

Covenants

5.1          Normal
Course. From the date hereof until the earlier of the Closing Date and the termination of this Agreement, the Company and
its Subsidiaries shall, except as otherwise expressly contemplated by this Agreement or as consented to by Buyer in writing, use
its commercially reasonable efforts to (a)(i) maintain, in all material respects, its current business organization and the
Business, (ii) preserve its goodwill and the confidentiality of its business know-how, and (iii) preserve its present material
business relationships; and (b) conduct the Business in the ordinary course of business; provided, however, that the
foregoing notwithstanding, the Company and its Subsidiaries may use all available cash to repay any Indebtedness or make cash
distributions at or prior to the Closing so long as such distributions do not impair the ability of the Company and its Subsidiaries
to fulfill their obligations in the ordinary course of business.

5.2          Conduct
of Business. From the date hereof until the earlier of the Closing Date and the termination of this Agreement, the Company
and its Subsidiaries shall not, except as directly or indirectly contemplated by this Agreement, do, or propose to do, any of
the following without the prior written consent of Buyer, which consent shall not be unreasonably withheld:

(a)          Declare
or pay any dividends on or make any other distributions (whether in cash, stock or property) in respect of any Capital Stock of
the Company (except to the extent such distributions do not impair the ability of the Company and its Subsidiaries to fulfill
their obligations in the ordinary course of business pursuant to Section 5.1), or split, combine or reclassify any Capital
Stock of the Company or issue or authorize the issuance of any other securities in respect of, in lieu of or in substitution for
Capital Stock of the Company, or purchase or otherwise acquire, directly or indirectly, any of the Company’s Capital Stock;

(b)          Issue,
deliver, sell or authorize, propose or commit to the issuance, delivery or sale of, any of the Company’s Capital Stock,
or subscriptions, rights, warrants or options to acquire, or other agreements or commitments of any character obligating it to
issue any such shares or other convertible securities;

(c)          Acquire
or agree to acquire by merging or consolidating with, or by purchasing a substantial equity interest in or substantial portion
of the assets of, or by any other manner, any business or any corporation, partnership or other business organization or division;

(d)          Sell,
lease, license or otherwise dispose of any of its material properties or assets, except in the ordinary course of business and
other than the distribution of the Excluded Assets;

    	35

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(e)          (i) Increase
or agree to increase the compensation (including salary, bonus, benefits or other remuneration) payable or to become payable to
any director, officer, consultant, agent, or employee, other than (A) as required by Law, (B) in the ordinary course
of business or (C) to satisfy a contractual commitment existing prior to the date of this Agreement; (ii) grant any
severance or termination pay to, or enter into or amend any employment or severance agreements with, any employees or officers,
other than (A) in the ordinary course of business or (B) the payment of severance or termination pay in accordance with any existing
contractual commitments or the terms of any Company Plan, which commitment or Company Plan is affirmatively disclosed in this
Agreement; (iii) enter into any collective bargaining agreement; or (iv) establish, adopt, enter into or amend (except
as may be required by Law) or increase any benefits under any Company Plan, other than in the ordinary course of business;

(f)          Amend
any of the Company Charter Documents or Subsidiary Charter Documents;

(g)          Make
any loans to any Person or guarantee any debt securities of others (other than as a result of the endorsement of checks for collection
and for advances for employee reimbursable expenses, in each case in the ordinary course of business consistent with past practice);

(h)          Initiate
any litigation or arbitration proceeding other than in the ordinary course of business consistent with past practice, to defend
or protect its properties or assets, or to enforce the terms of this Agreement;

(i)          Enter
into any material intellectual property license agreement other than in the ordinary course of business;

(j)          Fail
to timely pay accounts payable and other obligations other than (i) in the ordinary course of business or (ii) matters
contested in good faith;

(k)          Accelerate
the collection of any Accounts Receivable;

(l)          Mortgage
or pledge any of its material property or assets or subject any such assets to any Encumbrance (other than Permitted Encumbrances);

(m)          Create,
incur, assume or otherwise become liable for any indebtedness (other than the obligation to reimburse employees for travel and
business expenses or indebtedness incurred in connection with the purchase of goods and services in the ordinary course of business
consistent with past practices) in an aggregate amount in excess of Twenty Five Thousand Dollars ($25,000), or guarantee or endorse
any obligation or the net worth of any Person;

(n)          Create,
incur, assume or otherwise become liable for any contingent liability as guarantor or otherwise with respect to the obligations
of any Person;

    	36

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(o)          Adopt
a plan of complete or partial liquidation or resolution as providing for or authorizing such a liquidation or dissolution, merger,
consolidation, restructuring, recapitalization or reorganization; or

(p)          Take,
or agree in writing or otherwise to take, any of the actions described in paragraphs (a) through (s) above.

Nothing
contained in this Agreement shall give Buyer, directly or indirectly, the right to control or direct the Company’s operations
prior to the Effective Time. Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions
of this Agreement, complete control and supervision over its business, assets and operations

5.3          Access
to Personnel, Books and Records Following Signing. Subject to Section 5.11, from the date hereof until the earlier of the
Closing and the termination of this Agreement, the Company shall permit Buyer and its Representatives, upon reasonable notice,
(i) to have reasonable access to, and examine and make copies of, all books and records of the Company and its Subsidiaries and
(ii) to have reasonable access to Company personnel, in both cases for purposes of consummating the Transaction and the other
transactions contemplated hereby; provided, however, that (a) Buyer and its representatives shall schedule such access
and visits through a designated officer of the Company, (b) the Company will not be required to take any action that would constitute
a waiver of the attorney-client or other privilege, (c) the Company will not be required to disclose personnel information that
would violate privacy rights of its employees or independent contractors, (d) Buyer and its Affiliates and Representatives will
not have any discussions with any of the Company’s or its Subsidiaries’ customers, suppliers or vendors without the
prior written consent of the Company, and (e) the Company need not supply Buyer or its representatives with any information which,
in the reasonable judgment of the Company, is under a contractual or legal obligation not to supply, including, without limitation,
the HSR Act and other Antitrust Laws, or the provisions of any agreement to which the Company or any of its Subsidiaries is a
party.

5.4          Certain
Tax Matters.

(a)          Section
338(h)(10) Election; Allocation of Purchase Price.

(i)          The
Buyer and the Sellers shall join in the making of a timely election under Section 338(h)(10) of the Code and other requirements
of law with respect to the purchase and sale of the Shares (the “Section 338(h)(10) Election”). The
parties understand and agree that the acquisition of the Shares shall be treated as an asset sale for federal income tax purposes
as a result of the Section 338(h)(10) Election. Accordingly, the deemed Purchase Price shall be allocated among the Company’s
assets, and the Non-Compete Agreements as required by the Code and set forth in a purchase price schedule prepared by the Buyer
in accordance with the methods and principles set forth on Schedule 6 hereto and reasonably acceptable to the Stockholders’
Representative (the “Allocation Schedule”). The Sellers shall pay any income tax imposed on the Company
attributable to the making of the Section 338(h)(10) Election, including (i) any tax imposed under Code Section 1374, (ii) any
tax imposed under Treasury Regulation Section 1.338(h)(10)-1(d)(2), (iii) any depreciation recapture or other such tax, or (iv)
any state, local or non – U.S. Taxes imposed on the Company’s deemed gain.

    	37

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(ii)         Within
ninety (90) days of the Closing Date, the Buyer shall deliver to the Stockholders’ Representative executed original IRS
Forms 8023 (or successor form) (together with any schedules or attachments thereto) for the purpose of making the Section 338(h)(10)
Election for federal income tax purposes. The Buyer shall be responsible for the preparation and filing of all forms and documents
required to effectuate the Section 338(h)(10) Election. In addition to the Form 8023, the Sellers shall execute (or cause to be
executed) and deliver to the Buyer such additional documents or forms as are reasonably requested by the Buyer to complete properly
the Section 338(h)(10) Election at least thirty (30) days prior to the date such Section 338(h)(10) Election is required to be
filed. The Buyer and the Sellers shall file all income Tax Returns and statements, forms and schedules in connection therewith
in a manner consistent with the Section 338(h)(10) Election and shall take no position contrary thereto unless required to do
so by applicable requirements of Law.

(iii)        The
parties will revise the Allocation Schedule from time to time to the extent necessary to reflect any indemnification payment made
hereunder or any other post-Closing payment made pursuant to or in connection with this Agreement. In the event of any disagreement
between the Buyer and the Stockholders’ Representative regarding any proposed revision to the Allocation Schedule, the parties
shall in good faith use commercially reasonable efforts to agree on such revision.

(iv)        Each
of the parties agrees to (a) prepare and timely file all applicable income Tax Returns in a manner consistent with the Allocation
Schedule as finalized and (b) act in accordance with the Allocation Schedule for purposes of all income Taxes.

(b)          Tax
Periods Ending on or Before the Closing Date. Stockholders’ Representative shall cause to be prepared, and file, or
cause to be filed, on a timely basis and in a manner consistent with the Company’s and its Subsidiaries’ past practice
(as applicable), all income Tax Returns with respect to the Company and its Subsidiaries for taxable periods ending on or prior
to the Closing Date (collectively, the “Prior Periods” and each, a “Prior Period”)
and required to be filed thereafter (the “Prior Period Tax Returns”). The Stockholders’ Representative
shall provide a draft copy of such Prior Period Tax Returns to the Buyer for review at least thirty (30) Business Days prior to
the due date thereof. The Buyer shall provide comments to Stockholders’ Representative at least five (5) Business Days prior
to the due date of such returns and Stockholders’ Representative shall consider in good faith all changes to such returns
reasonably requested by the Buyer.

(c)          Tax
Periods Beginning Before and Ending After the Closing Date.

    	38

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(i)          Buyer
shall prepare, or cause to be prepared, and file, or cause to be filed, on a timely basis and in a manner consistent with the
Company’s and its Subsidiaries’ past practice (as applicable), any Tax Returns of the Company for taxable periods
ending on or prior to the Closing Date for non-income Tax Returns and for taxable periods that begin before the Closing Date and
end after the Closing Date (collectively, the “Straddle Periods” and each, a “Straddle Period”).
Buyer shall provide a draft copy of such Straddle Period Tax Returns to the Stockholders’ Representative for review at least
thirty (30) Business Days prior to the due date hereof. The Stockholders’ Representative shall provide comments to Buyer
at least five (5) Business Days prior to the due date of such returns and Buyer shall make all changes reasonably requested by
the Stockholders’ Representative in good faith (unless Buyer is advised in writing by its independent outside tax consultant
that such changes (i) are contrary to applicable Law, or (ii) are inconsistent with tax positions most recently taken
in the Tax Returns of the Company or its Subsidiaries (as applicable) and will, or are likely to, have a material adverse effect
on Buyer or any of its Affiliates in any taxable period ending after the Closing Date). Sellers shall not be responsible for any
Taxes payable with respect to the portion of any Straddle Period commencing after the Closing Date.

(ii)         For
purposes of this Agreement:

(1)          In
the case of any gross receipts, sales and use, goods and services, harmonized sales, provincial sales, income, or similar Taxes
that are payable with respect to a Straddle Period, the portion of such Taxes allocable to (A) the portion of the Straddle
Period ending on the Closing Date (the “Pre-Closing Straddle Tax Period”) and (B) the portion of
the Straddle Period beginning on the day next succeeding the Closing Date (the “Post-Closing Straddle Tax Period”)
shall be determined on the basis of a deemed closing at the end of the Closing Date of the books and records of the Company.

(2)          In
the case of any Taxes (other than gross receipts, sales and use, goods and services, harmonized sales, provincial sales, income,
or similar Taxes) that are payable with respect to a Straddle Period, the portion of such Taxes allocable to the Pre-Closing Straddle
Tax Period shall be equal to the product of all such Taxes multiplied by a fraction the numerator of which is the number of days
in the Straddle Period from the commencement of the Straddle Period through and including the Closing Date and the denominator
of which is the number of days in the entire Straddle Period; provided, however, that appropriate adjustments shall be
made to reflect Taxes that can be identified and specifically allocated as occurring on or prior to the Closing Date or occurring
after the Closing Date. Notwithstanding the foregoing, Section 5.4(d) will exclusively govern the allocation of Taxes described
therein.

(3)          Buyer
shall be responsible for any Taxes with respect to the Post-Closing Straddle Tax Period.

(d)          Cooperation
on Tax Matters.

    	39

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(i)          Buyer
and the Stockholders’ Representative shall cooperate fully, as and to the extent reasonably requested by any party, in connection
with the filing of Tax Returns pursuant to this Section 5.4 and any audit, litigation, or other proceeding with respect
to Taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of records and
information reasonably relevant to any such audit, litigation, or other proceeding and making their respective employees, outside
consultants and advisors available on a mutually convenient basis to provide additional information and explanation of any material
provided hereunder. Buyer and the Stockholders’ Representative, on behalf of the Sellers, agree (A) to retain all books
and records with respect to Tax matters pertinent to the Company and its Subsidiaries relating to any taxable period beginning
before the Closing Date until the expiration of the statute of limitations (and, to the extent notified by Buyer or the Stockholders’
Representative, any extensions thereof) of the respective taxable periods, and to abide by all record retention agreements entered
into with any Governmental Authority, and (B) to give the other reasonable written notice prior to transferring, destroying
or discarding any such books and records and, if the other so requests, Buyer or the Stockholders’ Representative, as the
case may be, shall allow the other to take possession of such books and records.

(ii)         Buyer
and the Stockholders’ Representative further agree, upon request, to use commercially reasonable efforts to obtain any certificate
or other document from any Governmental Authority or any other Person as may be necessary to mitigate, reduce or eliminate any
Tax that could be imposed (including, but not limited to, with respect to the Transaction).

(e)          Certain
Taxes. All transfer, documentary, sales, use, stamp, registration and other such Taxes and fees (including any penalties and
interest) incurred in connection with the Transaction (including any transfer or similar tax imposed by any Governmental Authority)
shall be paid by the Buyer. The party required by applicable Law to do so will file all necessary Tax Returns and other documentation
with respect to all such transfer, documentary, sales, use, stamp, registration and other Taxes and fees, and, if required by
applicable Law, the other parties will join in the execution of any such Tax Returns and other documentation.

(f)          Prior
Period Tax Treatment. Neither Buyer, the Company nor any of its Subsidiaries shall amend, refile or otherwise modify any Tax
election or Tax Return or grant an extension or waiver for the assessment or reassessment of Taxes with respect to any Prior Period
(including Prior Periods described under Section 5.4(a) and (b)) without the prior written consent of the Stockholders’
Representative. In addition, neither Buyer, the Company nor any of its Subsidiaries shall cause the Company or any of its Subsidiaries
to elect to waive any carryback of net operating losses under Section 172(b)(3) of the Code (or any analogous or similar state,
local or non-U.S. law) on any Tax Return of the Company and its Subsidiaries in respect losses, if any, attributable to a Prior
Period.

(g)          Indemnification
and Tax Contests. Buyer’s and the Sellers’ payment and indemnification obligations with respect to the covenants
in this Section 5.4 together with the procedures to be observed in connection with any Tax contest, shall be governed by
Article VIII.

    	40

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

5.5          Regulatory
Filings. Each of Buyer and the Company promptly shall cooperate and use commercially reasonable efforts to duly make all filings
and submissions necessary, proper or advisable under the HSR Act or any other applicable antitrust or noncompetition Laws or regulations
(“Antitrust Laws”), no later than five (5) Business Days from the date hereof, and to obtain any required
approval of any Governmental Authority with jurisdiction over the Transaction; provided, however, notwithstanding anything
to the contrary herein, failure by any party to make the filing within such five (5) Business Day period shall not constitute
a breach of this Agreement. Each of Buyer and the Company shall furnish to the appropriate Governmental Authority all information
required for any application or other filing to be made pursuant to any applicable Law in connection with the Transaction. Each
of Buyer and the Company shall cooperate with the other in promptly filing any other necessary applications, reports or other
documents with any Governmental Authority having jurisdiction with respect to this Agreement and the Transaction, and in seeking
necessary consultation with and prompt favorable action by such Governmental Authority.

(a)          Each
of Buyer and the Company shall, as promptly as practicable, comply with any additional requests for information that arise following
the notifications and related documentation required under the HSR Act filed and submitted pursuant to this Agreement, including
requests for production of documents and production of witnesses for interviews or depositions by any Governmental Authorities.
The parties shall keep each other apprised of the status of any communications with, and any inquiries or requests for additional
information from, any Governmental Authority with respect to the Transaction. Each of Buyer, on the one hand, and the Stockholders’
Representative and the Company, on the other hand, shall diligently assist and cooperate with the other in preparing and filing
all documents required to be submitted to any Governmental Authorities in connection with the Transaction and in obtaining any
Governmental Authority or third party consents, waivers, authorizations or approvals which may be required to be obtained by Buyer,
the Stockholders’ Representative, the Sellers or the Company in connection with the Transaction.

(b)          Buyer
and its Affiliates shall take, or cause to be taken, any and all actions and do, or cause to be done, any and all things necessary,
proper or advisable to avoid, eliminate and resolve each and every impediment and obtain all approvals under the Antitrust Laws
in connection with the consummation of the Transaction, as promptly as practicable. Without limiting the foregoing, such actions
include: (i) proposing, negotiating, committing to and/or effecting, by consent decree, hold separate order, or otherwise, the
sale, divestiture, transfer, license, disposition or hold separate of such assets, properties, or businesses of Buyer or its Affiliates
or of the Business to be acquired pursuant to this Agreement as are required to be divested to avoid the entry of any decree,
judgment, injunction (permanent or preliminary) or any other order that would materially delay or prevent the consummation of
the Transaction as promptly as practicable; (ii) terminating, modifying or assigning existing relationships, contracts or obligations
of Buyer or its Affiliates or those relating to the Business to be acquired pursuant to this Agreement; (iii) changing or modifying
any course of conduct regarding future operations of Buyer or its Affiliates or the Business to be acquired pursuant to this Agreement,
or (iv) otherwise taking or committing to take any other action that would limit Buyer or its Affiliates’ freedom of action
with respect to, or their ability to retain, one or more of their respective operations, divisions, businesses, product lines,
customers, assets or rights or interests, or their freedom of action with respect to the Business to be acquired pursuant to this
Agreement; and (v) taking any and all actions to contest and defend any claim, cause of action or proceeding instituted or threatened
challenging the Transaction as violating any Antitrust Laws, including any injunction (whether temporary, preliminary or permanent).
Buyer shall, and shall cause its Affiliates to, keep the Stockholders’ Representative and Company fully informed of all
matters, discussions and activities relating to any of the matters described in or contemplated by clauses (i) through (v) of
this Section 5.5(b).

    	41

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          Without
limiting any other obligation under this Agreement, during the period from the date of this Agreement until the Closing Date,
each of Buyer, on the one hand, and the Company and Sellers on the other hand, shall not, and shall cause its Subsidiaries and
Affiliates not to, take or agree to take any action that would reasonably be expected to prevent the parties from obtaining any
Governmental Authority or third party consents in connection with the Transaction, or to prevent or materially delay or impede
the consummation of the Transaction.

5.6          Notices
and Consents. Each of the parties shall give any notices to, make any filings with, and use their best efforts to obtain any
authorizations, consents and approvals of Governmental Authorities and third parties which are required to be given, made or obtained
by such party in connection with consummation of the Transaction, all of which are listed on Schedule 5.6 hereto.

5.7          Notification.
From the date hereof until the Closing Date, if the Company becomes aware of any material variances from the representations and
warranties contained in Article II that would cause the condition set forth in Section 6.2(a) not to be satisfied, the Company
shall disclose to Buyer in writing such variances. Notwithstanding the foregoing, the delivery of any such written notice will
not be deemed to have cured any misrepresentation or breach of warranty that otherwise might have existed hereunder by reason
of such variance or inaccuracy for purposes of Buyer Indemnified Parties’ rights to indemnification following the Closing
pursuant to, and in accordance with, the terms of Article VIII below.

5.8          Confidentiality;
Public Announcement. From and after the execution of this Agreement, each of Buyer, Company, Stockholders’ Representative,
the Principals and each Seller shall, and shall cause each of their respective Affiliates to, hold, and shall use their reasonable
best efforts to cause their respective Representatives to hold, in confidence any and all information, whether written or oral,
concerning the Transaction, this Agreement and the transactions contemplated in the Transaction Documents (the “Confidential
Information”), except to the extent that the Buyer, Company, Stockholders’ Representative or Seller, as applicable,
disclosing such Confidential Information (the “Disclosing Party”) can show that such Confidential Information
(a) is generally available to and known by the public through no fault of the Disclosing Party, any of its Affiliates or their
respective Representatives; or (b) was lawfully acquired by such Disclosing Party, any of its Affiliates or their respective Representatives
from and after the Closing from sources which are not prohibited from disclosing such Confidential Information by a legal, contractual
or fiduciary obligation. If the Disclosing Party or any of its Affiliates or their respective Representatives are compelled to
disclose any Confidential Information by judicial or administrative process or by other requirements of Law, the Disclosing Party
shall promptly notify the other parties hereto in writing and shall disclose only that portion of such Confidential Information
which the Disclosing Party is advised by its counsel in writing is legally required to be disclosed, provided that the Disclosing
Party shall use reasonable best efforts to obtain an appropriate protective order or other reasonable assurance that confidential
treatment will be accorded such Confidential Information. Notwithstanding the foregoing, the parties acknowledge and agree (i)
that the Buyer has or will, as required by applicable Law, make any such filings or issue any such notices required in connection
with the Transaction and the consummation of the transactions described in the Transaction Documents, including without limitation,
notices and filings required by the HSR Act and other Antitrust Laws; and (ii) that the Buyer may issue a public announcement
of the Transaction, provided, however, that prior to making such announcement, Buyer shall deliver a draft of such announcement
to the Stockholders’ Representative and shall give the Stockholders’ Representative reasonable opportunity to comment
thereon and shall use reasonable efforts to incorporate such comments therein.

    	42

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

5.9          Employee
Benefits.

(a)          Unless
otherwise agreed between [****] and [****], Buyer agrees that each employee of the Company and its Subsidiaries who continues
employment with Buyer or any of its Affiliates after the Closing Date (a “Continuing Employee”) shall
be provided, for a period extending until the earlier of the termination of such Continuing Employee’s employment with such
entities or the first anniversary of the Closing Date, with (i) base salary or wage rate (as applicable) and target annual incentive
opportunity not less than the base salary or wage rate (as applicable) and target annual incentive opportunity provided by the
Company or such Subsidiary to the Continuing Employee immediately prior to the Closing, and (ii) benefits that are not materially
less favorable, in the aggregate, than the benefits provided by the Company or such Subsidiary to the Continuing Employee immediately
prior to the Closing. Nothing in this Agreement (i) shall require Buyer or any of its Affiliates to continue to employ any particular
Company employee following the Closing Date, or (ii) shall be construed to prohibit Buyer or any of its Affiliates from amending
or terminating any Company Plan.

(b)          Buyer
shall ensure that, as of the Closing Date, each Continuing Employee receives full credit (for all purposes, including eligibility
to participate, vesting, vacation entitlement and severance benefits, but excluding benefit accrual) for service with the Company
and its Subsidiaries (or predecessor employers to the extent the Company provides such past service credit under its employee
benefit plans) under each of the comparable employee benefit plans, programs and policies of Buyer and its Affiliates in which
such Continuing Employee becomes a participant; provided, however, that no such service recognition shall result in any
duplication of benefits. As of the Closing Date, Buyer shall, or shall cause the relevant Affiliate to, credit to Continuing Employees
the amount of vacation time that such employees had accrued under any applicable Company Plan as of the Closing Date. With respect
to each health or welfare benefit plan maintained by Buyer or any of its Affiliates for the benefit of any Continuing Employees,
Buyer shall (i) cause to be waived any eligibility waiting periods, any evidence of insurability requirements and the application
of any pre-existing condition limitations under such plan, and (ii) cause each Continuing Employee to be given credit under such
plan for all amounts paid by such Continuing Employee under any similar Company Plan for the plan year that includes the Closing
Date for purposes of applying deductibles, co-payments and out-of-pocket maximums as though such amounts had been paid in accordance
with the terms and conditions of the applicable plan maintained by Buyer or any of its Affiliates for the plan year in which the
Closing Date occurs.

    	43

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          Buyer
shall, or shall cause the relevant Affiliate to, assume and honor in accordance with their terms all deferred compensation plans,
agreements and arrangements, severance and separation pay plans, agreements and arrangements, and written employment, severance,
retention, incentive, change in control and termination agreements (including any change in control provisions therein) set forth
in Section 2.15(a) of the Company Disclosure Schedule applicable to employees of the Company and its Subsidiaries, in the
same manner and to the same extent that the Company or such Subsidiary would be required to perform and honor such plans, agreements
and arrangements if the transactions contemplated by this Agreement had not been consummated.

(d)          To
the extent requested by Buyer in writing delivered to at least five (5) Business Days prior to the Closing Date, the Company shall
take all actions necessary to terminate any or all Benefit Plans, including each Benefit Plan intended to qualify as a cash or
deferred arrangement under Section 401(k) of the Code, effective no later than the day immediately preceding the Closing Date.

(e)          As
soon as is reasonably practicable after Closing, Buyer shall cause the Buyer’s 401(k) plan to accept complying rollovers
from the Company’s employees of their accounts under the Company’s 401(k) plan into the Buyer’s 401(k) plan.

5.10        Directors
and Officers Insurance.

(a)          Subject
to the Company purchasing the D&O Tail Insurance (as defined below), for a period of seven (7) years following the Closing,
Buyer or its successor shall cause the Company to fulfill and honor the obligations of the Company and its Subsidiaries pursuant
to applicable Law, pursuant to any indemnification provisions under the Company Charter Documents or the Subsidiary Charter Documents
and pursuant to the indemnification agreements set forth in Schedule 5.10 hereto (the “Indemnification
Schedule”) that contain any indemnification, reimbursement, advancement of expenses, hold harmless and exculpation
from liability provisions, in any case, with each individual who is a party to such agreements, and that at any time on or prior
to the Closing Date was a director, officer or other covered person of the Company and its Subsidiaries (such directors, officers
and other covered persons being herein called the “Company Indemnitees”), in each case subject to applicable
Law, insofar as such provisions relate to the Company Indemnitees, regardless of whether any proceeding relating thereto is commenced
before or after the Closing. The rights of each Company Indemnitee under this Section 5.10 shall be enforceable by each
such Company Indemnitee or his or her heirs, and they shall be intended third party beneficiaries of this Section 5.10.
If any claim is made against or involves any Company Indemnitee on or prior to the seventh (7th) anniversary of the Closing, the
provisions of this Section 5.10 shall continue in effect with respect to such claim until the final disposition thereof.
Notwithstanding the foregoing, the obligations of Buyer and the Company (following the Closing) (i) shall be subject to any limitation
imposed by applicable Law, and (ii) shall not release any Company Indemnitee from his or her obligations pursuant to this Agreement,
nor shall such Company Indemnitee have any right of contribution, indemnification or right of advancement from Buyer, the Company
or their respective Subsidiaries or successors with respect to any particular amount of Damages recoverable by any of the Buyer
Indemnified Parties against such Company Indemnitee in his or her capacity as a Seller Indemnifying Party pursuant to this Agreement.
After the Closing and for a period of seven (7) years following the Closing, Buyer shall not make any change to the Company Charter
Documents or the Subsidiary Charter Documents in a manner that will cancel or derogate from the rights of the Company Indemnitees
under this Section 5.10(a).

    	44

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          The
Company shall purchase, prior to or concurrent with the Closing, a prepaid directors’ and officers’ liability insurance
policy or policies (i.e., “tail coverage”) for acts or omissions occurring prior to the Closing that will remain in
effect for a period of seven (7) years after the Closing (the “D&O Tail Insurance”). Any cost and
expenses related to the acquisition of such insurance shall be considered part of the Transaction Expenses. Buyer shall, and shall
cause the Company to, cooperate in good faith with the Company Indemnitees to use the tail coverage with respect to claims relating
to acts or omissions occurring prior to the Closing; provided, however, that nothing herein shall require the Company or
Buyer or any of its Affiliates to incur any cost or expense (with respect to the Company, following the Closing). After the Closing,
neither Buyer nor any of its Affiliates, including, from and after the Closing, the Company, will cancel the D&O Tail Insurance.

(c)          Each
of Buyer and the Company Indemnitees shall reasonably cooperate, and cause their respective Affiliates to reasonably cooperate,
in the defense of any action requiring indemnification under this Section 5.10 and shall provide access to properties and
individuals as reasonably requested and furnish or cause to be furnished records, information and testimony as may reasonably
be requested.

(d)          The
obligations of Buyer and the Company under this Section 5.10 shall not be terminated or modified in such a manner as to
adversely affect any Company Indemnitee without the written consent of such Company Indemnitee.

5.11        Further
Assurances. Following the Closing, each of the parties hereto shall, and shall cause their respective Affiliates to,
execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be
reasonably required to carry out the provisions hereof and give effect to the Transaction.

Article
VI

Conditions to Closing

6.1          Conditions
to Obligations of All Parties. The obligations of each party to consummate the Transaction shall be subject to the
fulfillment, at or prior to the Closing, of each of the following conditions:

    	45

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(a)          The
filings of Buyer and the Company pursuant to the HSR Act or any other Antitrust Laws shall have been made and the applicable waiting
period and any extensions thereof shall have expired or been terminated.

(b)          From
the date of this Agreement, there shall not have occurred any Material Adverse Effect.

(c)          No
Governmental Authority shall have enacted, issued, promulgated, enforced or entered any Governmental Order which is in effect
and has the effect of making the Transaction illegal, otherwise restraining or prohibiting consummation of such Transaction or
causing the Transaction to be rescinded following completion thereof.

(d)          The
Company shall have received all consents, authorizations, orders and approvals from the Governmental Authorities referred to in
Section 5.6 and Buyer shall have received all consents, authorizations, orders and approvals from the Governmental Authorities
referred to in Section 5.6 in each case, in form and substance reasonably satisfactory to Buyer and the Stockholders’
Representative, respectively, and no such consent, authorization, order and approval shall have been revoked.

6.2          Conditions
to Obligations of Buyer. The obligations of Buyer to consummate the Transaction shall be subject to the fulfillment
or Buyer’s waiver, at or prior to the Closing, of each of the following conditions:

(a)          Except
for representations and warranties that by their terms speak only as of a specified date, the representations and warranties of
the Company set forth in Article II, the representations and warranties of the Sellers set forth in Article III,
and any certificate or other writing delivered pursuant hereto shall be true and correct in all respects (in the case of any representation
or warranty qualified by materiality or Material Adverse Effect as so qualified, in all respects) or in all material respects
(in the case of any representation or warranty not qualified by materiality or Material Adverse Effect) on and as of the date
hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except those representations
and warranties that address matters only as of a specified date or time, the accuracy of which shall be determined as of such
specified date or time in all respects); provided, however, that if the representations and warranties made by the Company
were not true and correct in all respects on and as of the date hereof, the Company still will be deemed to have satisfied the
condition in this Section 6.2(a) as long as the Company cures all inaccuracies existing as of the date hereof such that
all such representations and warranties are true and correct in all respects as of the Closing.

(b)          The
Company and the Sellers shall have duly performed and complied in all material respects with all agreements, covenants and conditions
required by this Agreement to be performed or complied with by it prior to or on the Closing Date; provided, that, with
respect to agreements, covenants and conditions that are qualified by materiality, the Company and the Sellers shall have performed
such agreements, covenants and conditions, as so qualified, in all respects.

    	46

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          The
Transaction Documents (other than this Agreement) shall have been executed and delivered by the parties thereto and true and complete
copies thereof shall have been delivered to Buyer.

(d)          The
Company shall have delivered to Buyer a good standing certificate (or its equivalent) for the Company and its Subsidiaries from
the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Company and its Subsidiaries
are organized.

(e)          Sellers
shall have delivered, or caused to be delivered, to Buyer stock certificates evidencing the Shares (or Lost Certificate Affidavits),
free and clear of Encumbrances (other than Encumbrances pursuant to applicable securities Laws and the Company Charter Documents),
accompanied by stock powers.

(f)          [****]
shall have entered into an employment agreement with Buyer which shall be reasonably acceptable to [****] and the Buyer and which
shall have the following basic terms and conditions: three (3) year employment term, annual base salary of [****] Dollars ($[****])
and a benefit package consistent with similarly situated employees of Buyer.

(g)          Each
of [****], [****], [****], [****], [****], and [****]shall have entered into employment agreements with Buyer which shall be reasonably
acceptable to them and Buyer (the “Employment Agreements”).

(h)          The
termination of the agreements listed on Schedule 7.

(i)          The
Indebtedness listed on Schedule 8 shall have been repaid and the associated Encumbrances shall have been released.

(j)          The
distribution of the Excluded Assets.

(k)          The
execution and delivery of the Real Estate Purchase Agreement and the closing of the transactions contemplated therein.

(l)          The
execution and delivery of the Distribution Purchase Agreement and the closing of the transactions contemplated therein.

6.3          Conditions
to Obligations of Sellers and the Company. The obligations of Sellers and the Company to consummate the Transaction shall
be subject to the fulfillment or Sellers’ or the Company’s waiver, at or prior to the Closing, of each of the following
conditions:

    	47

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(a)          Except
for representations and warranties that by their terms speak only as of a specified date, the representations and warranties of
Buyer contained in Article IV of this Agreement and any certificate or other writing delivered pursuant hereto shall be
true and correct in all respects (in the case of any representation or warranty qualified by materiality or Material Adverse Effect
as so qualified, in all respects) or in all material respects (in the case of any representation or warranty not qualified by
materiality or Material Adverse Effect) on and as of the date hereof and on and as of the Closing Date with the same effect as
though made at and as of such date or time (except those representations and warranties that address matters only as of a specified
date, the accuracy of which shall be determined as of such specified date or time in all respects); provided, however,
that if the representations and warranties made by Buyer were not true and correct in all respects on and as of the date hereof,
Buyer still will be deemed to have satisfied the condition in this Section 6.3(a) as long as Buyer cures all inaccuracies
existing as of the date hereof such that all such representations and warranties are true and correct in all respects as of the
Closing.

(b)          Buyer
shall have duly performed and complied in all material respects with all agreements, covenants and conditions required by this
Agreement and each of the other Transaction Documents to be performed or complied with by it prior to or on the Closing Date.

(c)          The
Transaction Documents (other than this Agreement) shall have been executed and delivered by the parties thereto and true and complete
copies thereof shall have been delivered to Sellers.

(d)          The
execution and delivery of the Real Estate Purchase Agreement and the closing of the transactions contemplated therein.

(e)          The
execution and delivery of the Distribution Purchase Agreement and the closing of the transactions contemplated therein.

Article
VII

Closing

7.1          Closing.
Subject to the terms and conditions of this Agreement, the purchase and sale of the Shares contemplated hereby shall take place
at a closing (the “Closing”) to be held at 10:00 a.m., Eastern Standard time, no later than three (3)
Business Days after satisfaction or waiver of the conditions to Closing set forth in Article VI have been satisfied or
waived (other than conditions which, by their nature, are to be satisfied on the Closing Date), at the offices of the Company,
or at such other time or on such other date or at such other place as Sellers and Buyer may mutually agree upon in writing (the
day on which the Closing takes place being the “Closing Date”; 12:01:01 AM on the Closing Date being
the “Effective Time”).

7.2          Company
and Sellers Closing Deliveries. At the Closing, the Company and Sellers shall deliver, or cause to be delivered, to Buyer
the following, any of which, if not fulfilled may be waived by Buyer:

(a)          a
certificate, in form and substance reasonably satisfactory to Buyer, executed by the President and/or Chief Executive Officer
of the Company, certifying that the conditions set forth in Section 6.1(b) and 6.2(a)-(b) have been satisfied;

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          evidence
reasonably satisfactory to Buyer of the repayment in full of all Indebtedness and the termination and release in full of all Encumbrances
relating to such Indebtedness;

(c)          evidence
reasonably acceptable to Buyer that, effective as of the Effective Time, the Company has terminated any equity plans in effect;

(d)          a
non-foreign affidavit dated as of the Closing Date, sworn under penalty of perjury and in form and substance required under the
Treasury Regulations issued pursuant to Code Section 1445 stating that none of the Sellers is a “foreign person” as
defined in Code Section 1445;

(e)          written
resignations of all officers and directors of the Company and its Subsidiaries;

(f)          each
Principal’s executed counterparts to the non-competition agreement, in the form of Exhibit E (the “Non-Competition
Agreements”);

(g)          a
certificate of the Secretary of the Company certifying that attached thereto are true and complete copies of all resolutions adopted
by the board of directors and stockholders of the Company authorizing the execution, delivery and performance of this Agreement
and the other Transaction Documents and the consummation of the Transaction and the transactions contemplated by the Transaction
Documents, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the
Transaction and the transactions contemplated by the Transaction Documents;

(h)          certificates
of trust from each of the trustees of Sellers certifying that each Seller is a valid and existing trust and that the trustees
of such trusts have the authority to execute, deliver and perform this Agreement and the other Transaction Documents and the consummation
of the Transaction and the transactions contemplated by the Transaction Documents;

(i)          each
Seller’s executed Transmittal Package (including the Release);

(j)          executed
Employment Agreements; and

(k)          possession
of the books and records of the Company.

7.3          Buyer
Closing Deliveries. At the Closing, Buyer shall deliver, or cause to be delivered, the following:

(a)          the
Closing Note pursuant to Section 1.3;

(b)          a
certificate, in form and substance reasonably satisfactory to the Company, executed by an authorized officer of Buyer, certifying
that the conditions set forth in Section 6.3(a)-(b) have been satisfied;

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          Buyer’s
executed counterpart to the Non-Competition Agreements; and

(d)          Evidence
that, subject to compliance with Buyer’s employment policies, procedures, and requirements, each of [****], [****] and [****]
shall have been offered continued employment with the Company for the period during which the Company’s revenue may be counted
toward Earnout Consideration (as described in Schedule 3), for which they shall be offered compensation commensurate
with their employment compensation arrangements in existence on the date of this Agreement.

Article
VIII

Indemnification

8.1          Indemnification.

(a)          From
and after the Closing, and subject to the provisions of Section 8.2 and Section 8.3, the Sellers and the Principals
(collectively, the “Seller Indemnifying Parties”) shall, jointly and severally, indemnify and hold harmless
Buyer, the Company, and their respective Affiliates and their and their respective Affiliates’ shareholders, members, directors,
managers, officers, employees, independent contractors, and agents (other than, in the case of the Company, any of the Sellers)
(the “Buyer Indemnified Parties”) against, and reimburse them for, any Damages (including reasonable
out-of-pocket legal fees and expenses, and the reasonable out-of-pocket costs of investigation incurred in defending against or
settling such liability, damage, loss, cost or expense or claim therefor and, subject to Section 8.5, any amounts paid
in settlement thereof) imposed on or reasonably incurred by the Buyer Indemnified Parties as a result of (A) a breach by the Company
or any Seller of any of the representations and warranties set forth in this Agreement; (B) breach of any covenant to be performed
by the Company under this Agreement at or prior to the Closing; (C) breach of any covenant by any Seller under this Agreement
or any other Transaction Document; (D) a breach of any covenant by any Principal under this Agreement or any other Transaction
Document; (E) all Taxes for any Prior Period or for the Pre-Closing Straddle Tax Period, except to the extent any such Taxes were
deducted in the calculation of the Purchase Price; (F) Fraud on the part of Sellers, the Principals, or, prior to the Closing,
the Company, or, with respect to the Real Estate Purchase Agreement, Clarksons, or, with respect to the Distribution Purchase
Agreement, GeoTech; (G) any claim by any former or other equity interest owner of the Company for any transaction prior to the
Closing involving Company Capital Stock or other equity interests of the Company, (H) costs and expenses of the Company incurred
but not paid in connection with the Transaction prior to Closing and not taken into account in calculating the Closing Working
Capital amount; (I) any breach by the Stockholders’ Representative of its obligations to the Sellers pursuant to this
Agreement, or any claim by any Seller arising out of the performance (or lack of performance) of the duties and responsibilities
of the Stockholders’ Representative under this Agreement; (J) any breach by any of Sellers, Principals or Clarksons of the
representations and warranties set forth in the Real Estate Purchase Agreement; (K) any breach by any of Sellers, Principals or
GeoTech of the representations and warranties set forth in the Distribution Purchase Agreement; (L) any Escheatment Liabilities
attributable to any period prior to the Closing; and (M) any items listed on Schedule 5 hereto (“Specified
Indemnification Obligations”).

    	50

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          Subject
to the provisions of Section 8.2 and Section 8.3, each Seller severally, but not jointly, will indemnify and hold
harmless Buyer Indemnified Parties, and will reimburse Buyer Indemnified Parties, for all Damages (including reasonable out-of-pocket
legal fees and expenses, and the reasonable out-of-pocket costs of investigation incurred in defending against or settling such
liability, damage, loss, cost or expense or claim therefor and, subject to Section 8.5, any amounts paid in settlement
thereof) imposed on or reasonably incurred by the Buyer Indemnified Parties as a result of: (A) a breach by such Seller of his,
her or its representations and warranties set forth in Article III; or (B) a breach of any covenant of such Seller under
this Agreement.

(c)          From
and after the Closing, and subject to the provisions of Section 8.2 and Section 8.3, the Buyer (the “Buyer
Indemnifying Party”) shall indemnify and hold harmless Sellers and their Affiliates, and their stockholders, directors,
officers, employees and agents (the “Seller Indemnified Parties”) against, and reimburse them for, any
Damages (including reasonable out-of-pocket legal fees and expenses, and the reasonable out-of-pocket costs of investigation incurred
in defending against or settling such liability, damage, loss, cost or expense or claim therefor and, subject to Section 8.5,
any amounts paid in settlement thereof) imposed on or reasonably incurred by the Seller Indemnified Parties as a result of (A) a
breach of any representations or warranties on the part of Buyer under this Agreement, (B) a breach of any covenant of Buyer
under this Agreement, or (C) Fraud on the part of Buyer.

(d)          Any
payments made to any party pursuant to this Article VIII shall constitute an adjustment of the Purchase Price for Tax purposes
and shall be treated as such by Buyer and the Sellers and their respective Affiliates on their Tax returns unless otherwise required
by a Governmental Authority.

(e)          A
party making a claim for indemnification under this Article VIII shall be, for the purposes of this Agreement, referred
to as an “Indemnified Party” and a party against whom such claims are asserted under this Article
VIII shall be, for purposes of this Agreement, referred to as an “Indemnifying Party.”

(f)          Notwithstanding
anything in this Agreement to the contrary, the Sellers shall not have any liability hereunder for any Damages arising as a result
of a failure of the Section 338(h)(10) Election to be effective, other than as a result of Sellers’ failure to comply with
the covenants set forth in Section 5.4(a) hereof.

(g)          In
no event will any of the Seller Indemnifying Parties make a claim of any kind against the Company for contribution or otherwise
with respect to any Damages for which any of the Seller Indemnifying Parties are responsible pursuant to this Section 8.1.

(h)          The
Seller Indemnifying Parties shall not be liable under this Article VIII for any Damages based upon or arising out of any
inaccuracy in or breach of any of the representations or warranties of Sellers contained in this Agreement if Buyer had Knowledge
of such inaccuracy or breach prior to the Closing and failed to bring such inaccuracy or breach to Sellers’ attention.

    	51

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

8.2          Survival
of Representations, Warranties and Covenants.

(a)          The
Indemnifying Parties’ liability for Damages resulting from the breach of any covenant, to the extent to be performed pre-Closing
under this Agreement, the Real Estate Purchase Agreement, the Distribution Purchase Agreement, or breach of any representations
or warranties under this Agreement, the Real Estate Purchase Agreement, or the Distribution Purchase agreement shall survive the
Closing and continue until that date that is eighteen (18) months following the Closing Date.

(b)          Notwithstanding
Section 8.2(a), claims for indemnification based on breaches of representations and warranties in connection with Section
2.1 (Corporate Organization, Standing and Power); Section 2.2 (Capitalization); Section 2.3 (Authority); Section
2.14 (Taxes); Section 2.15 (Employee Benefit Plans); Section 2.19 (Environmental); Section 2.23 (Brokers
or Finders); Section 3.1 (Power and Authority; Execution and Validity); Section 3.4 (Title to Securities); Section
4.1 (Corporate Organization, Standing and Power); Section 4.2 (Authority); Escheatment Liabilities; Specified Indemnity
Obligations; claims for indemnification under Section 8.1(a)(E), (G), (H), and (I); claims for indemnification
under Section 3.01, Section 3.02, Section 3.03, Section 3.04, Section 4.01, and Section 4.02 of the Distribution Purchase Agreement,
and claims for indemnification under Section 3.1, Section 3.2, Section 3.11, and Section 3.13 of the Real Estate Purchase Agreement
shall survive through and until that date that is sixty (60) days after the legal statute of limitations for claims related to
such matters has expired (the “Statute of Limitation Claims”).

(c)          Notwithstanding
Section 8.2(a), claims for indemnification based on Fraud shall survive through and until that date that is the earlier
of (i) eight (8) years following the Closing Date and (ii) the date the legal statute of limitations for claims related to such
matters has expired.

(d)          Unless
otherwise specified herein, to the extent that any covenants in this Agreement describe performance by the parties hereto from
and after the Closing, such covenants shall survive the Closing until such covenants are fully performed by the applicable party
or waived by the beneficiaries thereof.

8.3          Limitations
on Indemnification Obligations. The rights of an Indemnified Party to indemnification pursuant to the provisions of Section
8.1 are subject to the following limitations:

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CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(a)          The
Seller Indemnifying Parties shall have no liability under Section 8.1(a)(A), (J), and (K) for Damages resulting
from (i) any individual claim unless the Damages from such individual claim exceed [****] dollars ($[****]) (the “Threshold”),
and (ii) unless the cumulative amount of Damages for which the Seller Indemnifying Parties would, but for this provision, be liable
to the Buyer Indemnified Parties exceeds [****] Dollars ($[****]) (the “Basket”), in which case, such
Buyer Indemnified Parties shall be entitled to indemnification only for Damages in excess of the Basket. For the avoidance of
doubt, the Seller Indemnifying Parties shall not have any liability under Section 8.1(a)(A), (J), and (K)
unless and until the amount of an individual claim for Damages equals or exceeds the Threshold. Once a claim exceeds the Threshold,
then, to the extent that cumulative Damages exceed the Basket, the Buyer Indemnified Parties would be entitled to recover the
full amount of Damages in excess of the Basket.

(b)          The
Seller Indemnifying Parties and Sellers shall not in the aggregate be liable for any Damages in excess of [****] Dollars ($[****])
(the “Cap”); provided, however, with respect to Damages arising out of the Statute of
Limitations Claims (except for Specified Indemnity Obligations and claims for indemnification under Section 3.1, Section 3.2,
Section 3.11, and Section 3.13 of the Real Estate Purchase Agreement) or Fraud, the Seller Indemnifying Parties shall not in the
aggregate be liable for any Damages in excess of the actual Purchase Price paid to Sellers under this Agreement; provided,
further that with respect to Damages arising out of Specified Indemnity Obligations the Seller Indemnifying Parties and Sellers
shall not in the aggregate be liable for any Damages in excess of [****] Dollars ($[****]) and with respect to Damages arising
out of claims for indemnification under Section 3.1, Section 3.2, Section 3.11, and Section 3.13 of the Real Estate Purchase Agreement
the Seller Indemnifying Parties and Sellers shall not in the aggregate be liable for any Damages in excess of [****] Dollars ($[****]).

(c)          In
any event in which indemnification is sought for Damages pursuant to Section 8.1(a) or Section 8.1(b), indemnification
for such Damages shall firstly be sought from the Holdback and, if such Damages are not limited by the Cap pursuant to Section
8.3(b) and the Holdback has been fully exhausted, shall be sought directly from the Indemnifying Parties, subject to the limitations
and other provisions set forth in this ARTICLE VIII.

(d)          The
Seller Indemnifying Parties and Sellers shall not be liable for any Damages to the extent that such Damages (i) arise out of changes
after the Closing Date in any Laws or GAAP that retroactively applies to the Company or any of its Subsidiaries, (ii) are duplicative
of any amounts that have previously been recovered under this Agreement or the other Transaction Documents, (iii) have been taken
into account in calculating the Closing Working Capital amount or (iv) have been actually recovered by the Buyer Indemnified Party
from another Person including, without limitation, as a result of the Buyer Indemnified Party receiving compensation for such
Damages pursuant to any policy of insurance maintained by the Buyer Indemnified Party. Notwithstanding anything to the contrary
in the Transaction Documents and subject to such other limitations set forth in the Transaction Documents, in no event shall the
Seller Indemnifying Parties and Sellers be liable, in the aggregate, for any Damages arising out of any indemnity obligations
under the Transaction Documents in excess of the actual Purchase Price paid to Sellers under this Agreement. The amount of any
Damages of an Indemnified Person shall be calculated net of (A) any insurance proceeds actually received by such Indemnified Party
on account of such Damages (less any increase in any insurance policy premium that is incurred as a result of making a claim for
such insurance proceeds) and/or (B) any non-recoverable indemnification or contribution amounts actually paid to such Indemnified
Party by any third party on account of such Damages. The Buyer Indemnified Party shall use commercially reasonable efforts to
pursue insurance coverage for Damages.

    	53

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(e)          Each
Indemnified Party shall use its commercially reasonable best efforts to mitigate any Damages subject to indemnification obligations
under this Agreement or the other Transaction Documents.

8.4          Notices;
Payment of Damages.

(a)          In
the event that any Indemnified Party has determined that it has incurred or sustained Damages or that it reasonably anticipates
that it will incur or sustain Damages, the Indemnified Party shall, within ten (10) Business Days of making any such determination,
deliver to the Indemnifying Party, as the case may be, a certificate signed by the Indemnified Party (a “Damages Certificate”)
(i) stating that the Indemnified Party has incurred or sustained Damages or reasonably anticipates that it could incur or
sustain Damages and (ii) specifying in reasonable detail the individual items of Damages included and the basis for such
anticipated liability.

(b)          The
Indemnifying Party shall have thirty (30) calendar days following his, her or its receipt of a Damages Certificate to object to
any claim or claims made in a Damages Certificate. In the event that the Indemnifying Party is the Seller Indemnifying Party and
the Stockholders’ Representative has not objected within such thirty (30) calendar day period to a Damages Certificate presented
by Buyer, then Buyer may retain a portion of the Holdback that is equal to the amount set forth in such Damages Certificate and
the Holdback shall be reduced by such amount. In the event that the Indemnifying Party is the Buyer Indemnifying Party and Buyer
has not objected within such thirty (30) calendar day period to a Damages Certificate presented by the Stockholders’ Representative,
then Buyer shall remit to the Stockholders’ Representative the amount set forth in such Damages Certificate via wire transfer
of immediately available funds. In the event that the Indemnifying Party so objects within such thirty (30) calendar day period,
such objection must be in the form of a certificate signed by the Indemnifying Party and delivered to the Indemnified Party (an
“Objection Certificate”), which certificate shall set forth the item(s) of Damages in the Damages Certificate
to which the Indemnifying Party is objecting and a reasonable basis for each such objection.

(c)          For
a period of fifteen (15) calendar days after the delivery of an Objection Certificate, the Indemnified Party and Indemnifying
Party shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims as are
objected to therein. If such an agreement is reached as to all or any portion of the Damages that are subject to the Objection
Certificate, then a memorandum setting forth such agreement shall be prepared and signed by both parties. If no such agreement
can be reached after good faith negotiation, either party may demand arbitration of the matter unless the amount of the damage
or loss is at issue in pending litigation with a third party, in which event arbitration shall not be commenced until such amount
is ascertained or both parties agree to arbitration; and in either such event the matter shall be settled by arbitration conducted
by one arbitrator mutually agreeable to the parties. In the event that within forty-five (45) calendar days after submission of
any dispute to arbitrators the parties cannot mutually agree on one arbitrator, the parties shall each select one arbitrator,
and the two arbitrators so selected shall select a third arbitrator. The arbitrator(s) shall set a limited time period and establish
procedures designed to reduce the cost and time for discovery while allowing the parties an opportunity, adequate in the sole
judgment of the arbitrator or a majority of the three arbitrators, as the case may be, to discover relevant information from the
opposing parties about the subject matter of the dispute. The arbitrator or a majority of the three arbitrators, as the case may
be, shall rule upon motions to compel or limit discovery and shall have the authority to impose sanctions, including reasonable
legal fees and costs, to the same extent as a competent court of law or equity, should the arbitrator or a majority of the three
arbitrators, as the case may be, determine that discovery was sought without substantial justification or that discovery was refused
or objected to without substantial justification. The decision of the arbitrator or a majority of the three arbitrators, as the
case may be, as to the validity and amount of any claim objected to in such Objection Certificate shall be binding and conclusive
upon the parties. Such decision shall be written and shall be supported by written findings of fact and conclusions which shall
set forth the award, judgment, decree or order awarded by the arbitrator(s).

    	54

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)          Judgment
upon any award rendered by the arbitrators may be entered in any court having jurisdiction. Any such arbitration shall be held
in Sacramento, California, under the rules then in effect of the American Arbitration Association. The payment of all fees and
expenses of the parties to any such arbitration, as well as the fees of the arbitrator(s) and the administrative fee of the American
Arbitration Association, shall be payable by the parties on a 50/50 basis; provided, however, that if the arbitrator’s
decision includes a determination that the Indemnified Party had no reasonable basis for asserting that it had incurred or sustained
Damages, then the Indemnified Party shall bear all costs and expenses incurred by the parties in such arbitration. Notwithstanding
anything to the contrary herein, in any event in which the arbitrator decides in favor of a Seller Indemnifying Party or a Seller
in a Fraud claim brought by the Buyer Indemnified Parties against a Seller Indemnifying Party or a Seller, then the Buyer Indemnified
Parties shall bear all costs and expenses incurred by the parties in such arbitration.

8.5          Third
Party Claims.

(a)          In
the event an Indemnified Party becomes aware of a third party claim that the Indemnified Party reasonably believes may result
in a demand for indemnification hereunder (a “Third Party Claim”), the Indemnified Party shall notify
the Indemnifying Party of such claim as soon as reasonably practicable and, in any event, within ten (10) calendar days after
the Indemnified Party has received notice or otherwise learns of the assertion of such Third Party Claim, and the Indemnifying
Party shall be entitled (but not required), at the expense of such Indemnifying Party, to participate in, but not to determine
or conduct, the defense of such claim; provided, however, that no delay on the part of the Indemnified Party in notifying
the Indemnifying Party shall relieve the Indemnifying Party from any obligation hereunder unless (and then solely to the extent)
the Indemnifying Party is thereby prejudiced.

    	55

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          The
Indemnifying Party will have the right to defend the Indemnified Party against the Third Party Claim with counsel of its choice
reasonably satisfactory to the Indemnified Party so long as (i) the Indemnifying Party notifies the Indemnified Party in
writing within thirty (30) calendar days after the Indemnified Party has given notice of the Third Party Claim that the Indemnifying
Party will indemnify the Indemnified Party from and against the entirety of any Damages the Indemnified Party may suffer resulting
from, arising out of, relating to, in the nature of, or caused by the Third Party Claim, (ii) the Indemnifying Party provides
the Indemnified Party with evidence reasonably acceptable to the Indemnified Party that the Indemnifying Party will have the financial
resources to defend against the Third Party Claim and fulfill its indemnification obligations hereunder, (iii) the Third
Party Claim involves only monetary damages and does not seek an injunction or other equitable relief, (iv) settlement of,
or an adverse judgment with respect to, the Third Party Claim is not, in the good faith judgment of the Indemnified Parties, likely
to establish a precedential custom or practice adverse to the continuing business interests of the Indemnified Party, and (v) the
Indemnifying Party conducts the defense of the Third Party Claim in a commercially reasonable manner. The Indemnifying Party will
not consent to the entry of a judgment or enter into any settlement agreement without the prior written consent of the Indemnified
Party (which consent shall not be unreasonably withheld, conditioned or delayed), unless such judgment or settlement includes
a full release of the Indemnified Party in respect of all indemnifiable Damages resulting therefrom, related thereto or arising
therefrom.

(c)          Subject
to the limitations set forth in this Article VIII, in the event any of the conditions in Section 8.5(b) above is
or becomes unsatisfied, (i) the Indemnified Party may defend against, and consent to the entry of any judgment or enter into
any settlement with respect to, the Third Party Claim in any manner it may deem reasonably appropriate (and the Indemnified Party
need not consult with, or obtain any consent from, the Indemnifying Party in connection therewith), (ii) the Indemnifying
Party will reimburse the Indemnified Party promptly for the costs of defending against the Third Party Claim (including reasonable
legal fees and expenses) upon the resolution of any such Third Party Claim, and (iii) the Indemnifying Party will remain
responsible for any Damages the Indemnified Party may suffer resulting from, arising out of, relating to, in the nature of, or
caused by the Third Party Claim to the fullest extent provided in this Article VIII. Notwithstanding the foregoing, except
with the prior written consent of the Stockholders’ Representative (in the event indemnification is being sought under Section
8.1(a)), the responsible Seller (in the event indemnification is being sought under Section 8.1(b) and only from such
responsible Seller) or Buyer (in the event indemnification is being sought under Section 8.1(c)), a judgment or settlement
entered into with respect to a Third Party Claim (i) shall not be determinative of the amount of Damages relating to such matter
or that such Damages are indemnifiable pursuant hereto, (ii) shall not subject any Indemnifying Party to any equitable remedies
and (iii) shall include a full and unconditional written release by the third party claimants of the Indemnifying Parties of all
liability in respect of such claim.

    	56

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)          Notwithstanding
anything to the contrary contained in this Section 8.5, the Stockholders’ Representative with respect to income
Tax Contests for any Prior Period, and Buyer with respect to any non-income Tax Contest and any Tax Contest for any Straddle Period,
in each case shall have the sole right to control and make all decisions regarding interests with respect thereto, including selection
of counsel and selection of a forum for such contest; provided, however, that in the event such audit or proceeding
relates to Taxes for which the party not controlling such audit is responsible under Section 8.1, (i) Buyer, the Company
and the party not controlling the Tax Contest shall cooperate in the conduct of any audit or proceeding relating to such period,
(ii) the Stockholders’ Representative shall have the right (but not the obligation) to participate in such audit or
proceeding at such party’s expense, (iii) neither party shall enter into any agreement with the relevant Governmental
Authority pertaining to such Taxes without the written consent of the other party (which consent shall not be unreasonably withheld,
conditioned or delayed), and (iv) Buyer may, without the written consent of the Stockholders’ Representative, decide
to enter into such an agreement provided that Buyer shall have agreed in writing to accept responsibility and liability for the
payment of such Taxes and to forego any indemnification under this Agreement with respect to such Taxes. The parties will keep
each other reasonably informed as to matters related to any audit or judicial or administrative proceedings involving Taxes for
which indemnification may be sought hereunder including, without limitation, any settlement negotiations.

(e)          Refunds
or overpayments of Tax (including accruals of Taxes for any Prior Period under Section 5.4(a) or any Pre-Closing Straddle
Tax Period under Section 5.4(b)) relating to all taxable periods ending on or prior to the Closing Date or any Pre-Closing
Straddle Tax Period shall be the property of the Sellers, but only to the extent that such refunds or overpayments are not attributable
to (i) net operating loss or other carrybacks from periods ending after the Closing Date, or (ii) refunds or overpayments
reflected in the calculation of the Purchase Price or Closing Working Capital. Buyer shall pay any refunds or overpayments that
are the property of the Sellers to the Stockholders’ Representative for distribution to the Sellers, in immediately available
funds and in accordance with each Seller’s Pro Rata Percentage within thirty (30) Business Days of its receiving such refund
from the appropriate Governmental Authority.

(f)          The
Indemnified Party shall reasonably cooperate with the Indemnifying Party in any defense, compromise or settlement, subject to
this Section 8.5 including, without limitation, by making available all pertinent books, records and other information
and personnel under its control to the Indemnifying Party.

(g)          Notwithstanding
anything to the contrary contained in this Section 8.5, Buyer shall have the sole right to control and make all decisions
regarding any Third Party Claim involving a material past, current or future Company customer or vendor, or involving a claim
relating to termite damage claims; provided, however, that in the event the Sellers are responsible and have agreed
to indemnify Buyer for such Third Party Claim, (i) Buyer, the Company and Sellers shall cooperate in the defense, compromise
or settlement thereof, (ii) the Sellers shall have the right (but not the obligation) to participate in the defense, compromise
or settlement thereof at the Sellers’ expense, and (iii) any compromise or settlement by Buyer shall be approved by
the Stockholders’ Representative (which approval shall not be unreasonably withheld, conditioned or delayed).

8.6          Exclusive
Remedy. The indemnification provisions contained in this Article VIII are intended to provide the sole and exclusive
remedy following the Closing as to all Damages any Indemnified Party may incur arising from or relating to this Agreement or the
Transaction (it being understood that nothing in this Section 8.6 or elsewhere in this Agreement shall affect the parties’
rights to specific performance or other equitable remedies with respect to the covenants in this Agreement to be performed at
or after the Closing).

    	57

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

8.7          Offset.
If Damages incurred by Buyer are not limited by the Cap pursuant to Section 8.3(b) and the Holdback has been fully exhausted,
Buyer, on behalf of each Buyer Indemnified Party, may (but shall not be required to), effect indemnification against any Seller
under this Article VIII, withhold and offset against (or otherwise recoup from) any sums payable to any Seller (or to the Stockholders’
Representative on such Seller’s (or Sellers’) behalf) under this Agreement, including without limitation the Holdback
and the Earnout Consideration payable to the Sellers. Any sums withheld will operate as a discharge, to the extent of the amount
withheld, of the payment obligations against which offset is effected; provided, however, that if such offset, in whole
or in part, is ultimately determined by a court of competent jurisdiction to be unjustified, any amount improperly offset will
be due and owing by Buyer within five (5) Business Days following such determination. The exercise of a right of offset by Buyer
good faith will not constitute a default by Buyer of the payment obligation against which offset is effected.

Article
IX

Termination

9.1          Termination.
This Agreement may be terminated at any time prior to the Closing:

(a)          by
mutual written consent of the President or Chief Financial Officer of Buyer and the Stockholders’ Representative, on behalf
of the Sellers, as duly authorized by the board of directors of the Company;

(b)          by
the Company or Buyer, at any time after June 15, 2019 if the Closing shall not have occurred by such date and the condition in
Section 6.1(a) has not been fulfilled by such date (the “Termination Date”); provided, however,
that in each case, the right to terminate this Agreement under this Section 9.1(b) shall not be available to any party
whose failure to fulfill any obligation under this Agreement has been the cause of, or resulted in, the failure of the Closing
of the Transaction to occur on or prior to such date;

(c)          by
the Company or Buyer, if any court of competent jurisdiction or any Governmental Authority shall have issued a final order restraining,
enjoining or otherwise prohibiting the consummation of the Transaction and such order is or shall have become final and non-appealable;

(d)          by
Buyer, upon written notice to the Stockholders’ Representative, in the event of any material breach by the Company or a
Seller of any of their respective agreements, representations or warranties contained herein or in any Transaction Document and
the failure of the Company or such Seller, as applicable, to cure such breach within thirty (30) days after receipt of written
notice from Buyer requesting such breach to be cured; provided, however, that the Buyer is not then in material breach
of this Agreement so as to cause any conditions set forth in Article VI not to be satisfied; or

    	58

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(e)          by
the Company and Sellers, upon written notice to Buyer, in the event of any material breach by Buyer of any of its agreements,
representations or warranties contained herein or in any Transaction Document and the failure of Buyer to cure such breach within
thirty (30) days after receipt of written notice from the Company requesting such breach to be cured; provided, however,
that the Company and Sellers are not then in material breach of this Agreement so as to cause any conditions set forth in Article
II or Article III, respectively, not to be satisfied.

9.2          Procedure
for Termination. Any party desiring to terminate this Agreement pursuant to Section 9.1 shall give written notice of
such termination to the other parties to this Agreement.

9.3          Effect
of Termination. In the event of termination of this Agreement in accordance with the provisions of this Article IX,
this Agreement, other than the provisions of Section 10.4 which shall expressly survive such termination, shall forthwith
become void and no party to this Agreement shall have any liability or further obligation arising under this Agreement to any
other party hereto; provided, however, that nothing in this Section 9.3 shall relieve any party from liability
for its willful breach of this Agreement; provided, further, that nothing herein shall prejudice any rights, claims
or causes of action that may have accrued hereunder or with respect hereto prior to the date of such termination arising from
any party’s willful breach of this Agreement.

9.4          Buyer
Antitrust Termination Fee.

(a)          If
Seller or Buyer terminates this Agreement pursuant to (i) Section 9.1(b) or (ii) Section 9.1(c), and in the case
of (i) or (ii), all of the conditions under Section 6.1 have been satisfied or waived other than (A) the conditions set
forth in Section 6.1(a) and (B) any such conditions which by their nature cannot be satisfied until the Closing Date, then
Buyer shall pay or cause to be paid to Seller a fee of [****] Dollars ($[****]) by wire transfer of same-day funds no later than
five (5) Business Days after such termination (the “Buyer Antitrust Termination Fee”). In no event shall
Buyer be required to pay the Buyer Antitrust Termination Fee on more than one occasion.

(b)          Buyer
and each Seller acknowledge and agree that the Buyer Antitrust Termination Fee is not a penalty, but constitutes liquidated damages
in a reasonable amount that will compensate Sellers in circumstances in which the Buyer Antitrust Termination Fee is payable.
Notwithstanding anything to the contrary in this Agreement, Sellers’ right to receive payment of the Buyer Antitrust Termination
Fee pursuant to this Section 9.4 shall be the sole and exclusive remedy of Sellers or any of their Affiliates against Buyer
or any of its Affiliates or any of their respective stockholders, partners, members, or Representatives for any and all losses
that may be suffered resulting from a failure of the transactions contemplated by this Agreement, and upon payment of the Buyer
Antitrust Termination Fee in accordance with this Section 9.4, none of the Buyer or any of its Affiliates or any of their
respective stockholders, partners, members, or Representatives shall have any further liability or obligation relating to or arising
out of this Agreement or any of the Transaction Documents or the transactions contemplated by this Agreement or any of the Transaction
Documents.

    	59

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

Article
X

Miscellaneous

10.1        Waiver;
Amendment. Prior to the Closing Date, any provision of this Agreement may be (a) waived in writing by the party benefited
by the provision or (b) amended or modified at any time by an agreement in writing among the parties hereto executed in the
same manner as this Agreement. No action or course of conduct shall constitute a waiver of any of the terms and conditions hereof,
unless such waiver is specified in writing, and then only to the extent so specified.

10.2        Counterparts.
This Agreement may be executed in one or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party; provided that a
facsimile signature shall be considered due execution and shall be binding upon the signatory thereto with the same force and
effect as if the signature were an original, not a facsimile signature.

10.3        Governing
Law; Waiver of Jury Trial.

(a)          This
Agreement shall be governed by, and interpreted in accordance with, the laws of the State of Delaware applicable to contracts
made and to be performed entirely within such State, without giving effect to any choice or conflict of Law provision or rule.

(b)          Each
of the parties hereby irrevocably submits to the jurisdiction of any state or federal court located in San Francisco, California
solely in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in
this Agreement, and in respect of the Transaction, and hereby waive, and agree not to assert, as a defense in any action, suit
or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such
action, suit or proceeding may not be brought or is not maintainable in said court or that the venue thereof may not be appropriate
or that this Agreement or any such document may not be enforced in or by such court, and the parties hereto irrevocably agree
that all claims with respect to such action or proceeding shall be heard and determined in such court. The parties hereby consent
to and grant any such court jurisdiction over the person of such parties and agree that mailing of process or other papers in
connection with any such action or proceeding in the manner provided in Section 10.5 hereof or in such other manner as
may be permitted by applicable law shall be valid and sufficient service thereof.

    	60

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)          EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT
ISSUES, AND THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTION. EACH PARTY
CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, TO IT THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH
PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND
(iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION 10.3(c).

(d)          In
the event of a dispute or action to enforce the terms of this Agreement, all reasonable costs and expenses incurred in connection
therewith, including all reasonable attorneys’ fees and costs, shall be paid to the Prevailing Party by the non-Prevailing
Party.  “Prevailing Party” means that party who obtains substantially the relief sought, whether
by compromise, settlement or judgment. Notwithstanding the foregoing, if a written offer of compromise or settlement made by either
party is not accepted by the other party within thirty (30) days after receipt and the party not accepting such offer fails to
obtain a more favorable judgment, the non-accepting party shall not be entitled to recover its costs of suit and reasonable attorney’s
fees and costs (even if it is the Prevailing Party) and shall be obligated to pay the costs of suit and reasonable attorney’s
fees and costs incurred by the offering party.

10.4        Expenses.
Except as otherwise expressly provided herein, each party hereto shall be responsible for any costs or expenses incurred by it
in connection with this Agreement and the Transaction, including fees and expenses related to the negotiation, execution and delivery
of this Agreement and the other agreements contemplated hereby and of its own counsel, accountants and other professional advisors;
provided, however, that upon and at the Closing, Buyer shall be responsible for reimbursing the Sellers for (i) up to [****]
Dollars ($[****]) in attorneys’ fees and related expenses payable in connection with the parties’ response filings
or submissions under the HSR Act if the parties do not receive a ‘second request’ from applicable governmental
agencies under the HSR Act; or (ii) up to [****] Dollars ($[****]) in attorneys’ fees and related expenses payable in connection
with the parties’ response filings or submissions under the HSR Act if the parties do receive a ‘second request’
from applicable governmental agencies under the HSR Act.

10.5        Notices.
Any notice, request, demand or other communication shall be deemed to have been duly given (as the case may be) upon the earliest
of (a) the date it is actually received by facsimile or email, (b) the Business Day after the day on which it is delivered
by hand, (c) the Business Day after the day on which it is properly deposited with Federal Express (or a comparable overnight
delivery service) and delivery is specified for the next Business Day, or (d) the third Business Day after the day on which
it is deposited in the United States certified or registered mail, return receipt requested, postage prepaid, in each case addressed
to such party at its mailing or email address set forth below or such other address as such party may specify by notice to the
parties hereto.

    	61

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

If to
the Company (prior to Closing), then to:

Clark Pest
Control of Stockton, Inc.

555 N. Guild Avenue

Lodi, California
95240

Attention: [****] and [****]

Facsimile: [****]

Email: [****] and [****]

 

With
a copy to:

Kroloff,
Belcher, Smart, Perry & Christopherson

7540 Shoreline Drive

Stockton,
CA 95219

Attention:
Gary Christopherson and Allison Cherry Lafferty

Facsimile:
(209) 478-0354

Emails: gchristopherson@kroloff.com and alafferty@kroloff.com

 

O’Melveny
& Myers LLP

2765 Sand
Hill Road

Menlo Park,
CA 94025

Attention:
Einat Meisel

Email:
emeisel@omm.com

If to the Stockholders
or Principals, then to the Stockholders’ Representative at:

JJT King,
LLC

16 Pine Street

Lodi,
CA 95240

Attention: [****]

If to
Buyer to:

Rollins,
Inc.

2170 Piedmont Road NE

Atlanta, GA 30324

Attention: Eddie Northen, Chief Financial Officer and Treasurer

Facsimile: 404-888-2731

Email: enorthen@rollins.com

    	62

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

With a copy
to:

Barnes
& Thornburg LLP

3475 Piedmont Road, Suite 1700

Atlanta, GA 30305

Attention: Stuart Johnson

Facsimile: 404-264-4033

Email: stuart.johnson@btlaw.com

10.6        Entire
Understanding; No Third Party Beneficiaries. This Agreement, including all representations and warranties, exhibits, schedules
and annexes thereto, and the Transaction Documents, represent the entire understanding of the parties hereto and thereto with
respect to the subject matter thereof, and this Agreement supersedes any and all other oral or written agreements heretofore made.
Nothing in this Agreement, expressed or implied, is intended to confer upon any Person, other than the parties hereto or their
respective successors, any rights, remedies, obligations or liabilities under or by reason of this Agreement.

10.7        Severability.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction,
be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms
and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement
in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted
to be only so broad as is enforceable. In all such cases, the parties shall use their reasonable best efforts to substitute a
valid, legal and enforceable provision which, insofar as practicable, implements the original purposes and intent of this Agreement.

10.8        Interpretation.
When a reference is made in this Agreement to Sections, Exhibits or the Disclosure Schedules, such reference shall be to a Section
of, or Exhibit to, this Agreement unless otherwise indicated. The table of contents and headings contained in this Agreement are
for reference purposes only and will not affect the meaning or interpretation and are not part of this Agreement. Whenever the
words “include,” “includes” or “including” are used in this Agreement, they shall be deemed
to be followed by the words “without limitation.” Whenever the words “as of the date hereof” are used
in this Agreement, they shall be deemed to mean the day and year first above written. Words in the singular shall be held to include
the plural and vice versa, case sensitive words shall include the meaning of the defined term unless the context otherwise requires
or unless otherwise specified and words of one gender shall be held to include the other gender as the context requires. The terms
“hereof,” “herein,” and “herewith” and words of similar import shall, unless otherwise stated,
be construed to refer to this Agreement as a whole (including all of the Exhibits to this Agreement). The word “or”
shall not be exclusive. All pronouns and any variations thereof refer to the masculine, feminine or neuter, single or plural,
as the context may require. All references to any period of days shall be deemed to be to the relevant number of calendar days
unless otherwise specified, and all references to “year” or “years” mean and refer to calendar year(s).

    	63

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

10.9        Assignment;
Successors. No party may assign either this Agreement or any of its rights, interests or obligations hereunder without the
prior written approval of the other parties. Subject to the preceding sentence, this Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and permitted assigns.

10.10      Construction.
The parties hereby expressly waive the application of any Law, regulation, holding or rule of construction providing that ambiguities
in this Agreement will be construed against the party based on having drafted such agreement. The language used in this Agreement
shall be deemed to be the language chosen by the parties to express their mutual agreement, and this Agreement shall not be deemed
to have been prepared by any single party.

10.11      Specific
Performance. The parties hereto 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 obligations of the parties under this Agreement and the Transaction Documents, including Sellers’ obligation to
sell the Shares to Buyer, and Buyer’s obligation to purchase the Shares from Sellers, shall be enforceable by a decree of
specific performance issued by any court of competent jurisdiction, and appropriate injunctive relief may be applied for and granted
in connection therewith, without posting any bond or other undertaking. Such remedies shall, however, be cumulative and not exclusive
and shall be in addition to any other remedies which any party may have under this Agreement or otherwise. Each of the parties
agrees that it will not oppose the granting of an injunction, specific performance and/or other equitable relief on the basis
that any other party has an adequate remedy at Law or that any award of specific performance is not an appropriate remedy for
any reason at Law or in equity and each party hereto waives any defenses in any actions for specific performance, including the
defense that money damages would be adequate. Any party seeking an injunction to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement shall not be required to provide any bond or other security in connection
with such order or injunction.

10.12      Certain
Matters Regarding Representation of the Company. O’Melveny & Myers LLP (“OMM”) and
Kroloff, Belcher, Smart, Perry & Christopherson (“Kroloff”) have acted as counsel for the Company
in connection with this Agreement, the other Transaction Documents and the transactions contemplated hereby and thereby (the “Acquisition
Engagements”) and in that connection not as counsel for any other person, including without limitation, Buyer or
any of its Affiliates.

(a)          From
and after the Closing, all communications between the Company and OMM or Kroloff in the course of the Acquisition Engagements
shall be deemed to be attorney-client confidences that belong solely to Sellers and not to the Company. Accordingly, Buyer, on
behalf of itself and its Affiliates, shall not have access to any such communications, or to the files of OMM and Kroloff relating
to the Acquisition Engagements, whether or not the Closing shall have occurred. Without limiting the generality of the foregoing,
upon and after the Closing, (i) Sellers, OMM and Kroloff shall be the sole holders of the attorney-client privilege with respect
to the Acquisition Engagements, and neither the Company nor Buyer nor Buyer’s Affiliates shall be a holder thereof, (ii)
to the extent that files of OMM or Kroloff in respect of the Acquisition Engagements constitute property of the client, only the
Sellers shall hold such property rights, and (iii) OMM and Kroloff shall have no duty whatsoever to reveal or disclose any such
attorney-client communications or files to the Company, Buyer or Buyer’s Affiliates by reason of any attorney-client relationship
between OMM or Kroloff, on the one hand, and the Company, on the other hand, or otherwise.

    	64

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)          If
Sellers so desire, and without the need for any consent or waiver by the Company, Buyer or any of Buyer’s Affiliates, OMM
and Kroloff shall be permitted to represent the Sellers after the Closing in connection with any matter, including without limitation
anything related to the transactions contemplated by this Agreement or the other Transaction Documents or any disagreement or
dispute relating thereto. Without limiting the generality of the foregoing, after the Closing, OMM and Kroloff shall be permitted
to represent Sellers, any of their agents and affiliates (including the Stockholders’ Representative), or any one or more
of them, in connection with any negotiation, transaction or dispute (“dispute” includes litigation, arbitration or
other adversary proceeding) with Buyer, the Company or any of their agents or Affiliates under or relating to this Agreement or
the other Transaction Documents, any transaction contemplated by this Agreement or the other Transaction Documents, and any related
matter, such as claims for indemnification and disputes involving employment or noncompetition or other agreements entered into
in connection with this Agreement.

(c)          Sellers,
the Company and Buyer, on behalf of Buyer and its Affiliates, consent to the foregoing arrangements in this Section 10.12
and waive any actual or potential conflict of interest that may be involved in connection with any representation by OMM or Kroloff
permitted hereunder.

Article
XI

Definitions

The
following terms have the meanings specified or referred to in this Article XI:

“Accounting
Rules” means the Company’s collective system of accounting policies, procedures, methods, controls and practices
applied on a basis consistent with those used in preparation of the Company Financial Statements. 

“Acquisition
Engagements” has the meaning set forth in Section 10.12.

“Action” means
any claim, action, cause of action, demand, lawsuit, arbitration, inquiry, audit, notice of violation, proceeding, litigation,
citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether
at law or in equity.

“Affiliate” of
a Person means any other Person who has any familial relationship with, or that directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person. The term “control” (including the terms
“controlled by” and “under common control with”) means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities,
by contract or otherwise.

    	65

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Aggregate
Closing Amount” has the meaning set forth in Section 1.3(a).

“Agreement” has
the meaning set forth in the preamble.

“Allocation
Schedule” has the meaning set forth in Section 5.4(a)(i).

“Antitrust
Laws” has the meaning set forth in Section 5.5.

“Basket”
has the meaning set forth in Section 8.3(a).

“Benefit
Plan” means an “employee benefit plan,” as defined in Section 3(3) of ERISA.

“Business”
has the meaning set forth in the recitals.

“Business
Day” means any day except Saturday, Sunday or any other day on which commercial banks located in the city of
New York, New York are authorized or required by Law to be closed for business.

“Buyer” has
the meaning set forth in the preamble.

“Buyer
Antitrust Termination Fee” has the meaning set forth in Section 9.4(a).

“Buyer
Charter Documents” means the certificate of incorporation and bylaws (or equivalent documents) of the Buyer, each
as amended to date.

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

“Buyer
Indemnifying Party” has the meaning set forth in Section 8.1(c).

“Buyer’s
Accountants” means Grant Thornton LLP.

“Cap”
has the meaning set forth in Section 8.3(b).

“Capital
Stock” of any Person means any and all shares of, conversion and other rights to purchase, including warrants or
options (whether or not currently exercisable), and participations or other equivalents of or interests in (however designated),
in the equity (including, without limitation, common stock, preferred stock and limited liability company, partnership and joint
venture interests) of such Person.

“Certificates”
has the meaning set forth in Section 1.6(b).

“Clark
Pest Control License Agreement” has the meaning set forth in Section 2.13.

    	66

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Clarksons”
has the meaning set forth in the Recitals hereto.

“Clients”
means the top twenty (20) clients of the Company and its Subsidiaries on a consolidated basis as determined by the amount of net
revenue recognized during the year ended December 31, 2017.

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

“Closing
Adjustment” has the meaning set forth in Section 1.8(a)(ii).

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

“Closing
Note” has the meaning set forth in Section 1.3(a).

“Closing
Statement” has the meaning set forth in Section 1.8(a)(i).

“Closing
Working Capital” means Net Working Capital without giving effect to the consummation of the Transaction (including
any and all effects of any purchase accounting adjustments), determined as of the open of business on the Closing Date.

“Closing
Working Capital Statement” has the meaning set forth in 1.8(b)(i).

“COBRA”
means the health care continuation requirements of ERISA Section 601 et seq. and Code Section 4980.

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

“Company” has
the meaning set forth in the preamble.

“Company
Charter Documents” has the meaning set forth in Section 2.1(a).

“Company
Disclosure Schedule” has the meaning set forth in Article II.

“Company
Indemnitees” has the meaning set forth in Section 5.10.

“Company
Financial Statements” has the meaning set forth in Section 2.7(a).

“Company
Plans” has the meaning set forth in Section 2.15(a).

“Company’s
Accountants” means Gatto, Pope & Walwick, LLP.

“Confidential
Information” has the meaning set forth in Section 5.8.

“Continuing
Employee” has the meaning set forth in Section 5.9.

    	67

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Contracts”
means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures
and all other agreements, commitments and legally binding arrangements, whether written or oral.

“Current
Assets” means cash and cash equivalents, accounts receivable, inventory and prepaid expenses, but excluding (a)
the portion of any accounts receivable reserved for bad debt, (b) the portion of any prepaid expense of which Buyer will not receive
the benefit following the Closing, (c) a reserve for old, obsolete or unusable uniforms, (d) customer deposits, (e) deferred Tax
assets and (f) receivables from any of the Company’s Affiliates, directors, employees, officers or stockholders and any
of their respective Affiliates, determined in accordance with GAAP applied using the same Accounting Rules that were used in the
preparation of the Company Financial Statements for the most recent fiscal year end as if such accounts were being prepared and
audited as of a fiscal year end.

“Current
Liabilities” means accounts payable, accrued vacation and sick time, accrued payroll, payroll taxes payable, accrued
Taxes, and the Company’s Termite Indemnity Program Reserve, but excluding payables to any of the Company’s Affiliates,
directors, employees, officers or stockholders and any of their respective Affiliates, deferred Tax liabilities and the current
portion of long term debt, determined in accordance with GAAP applied using the same Accounting Rules that were used in the preparation
of the Company Financial Statements for the most recent fiscal year end as if such accounts were being prepared and audited as
of a fiscal year end.

“D&O
Tail Insurance” has the meaning set forth in Section 5.10(b).

“Damages”
means any actual damage, loss, assessment, levy, fine, charge, claim, direct liability, demand, payment, judgment, settlement,
penalty, cost or expense.

“Damages
Certificate” has the meaning set forth in Section 8.4(a).

“Discharge”
or “Discharged” means any manner of spilling, leaking, dumping, discharging, releasing or emitting,
as any of such terms may further be defined in any Environmental Law, into any medium including, without limitation, ground water,
surface water, soil or air.

“Disclosing
Party” has the meaning set forth in Section 5.8.

“Disputed
Amounts” has the meaning set forth in Section 1.8(c)(iii).

“Distribution
Purchase Agreement” means the Asset Purchase Agreement entered into as of even date hereof by and between an Affiliate
of Buyer and GeoTech.

“Dollars
or $” means the lawful currency of the United States.

“Effective
Time” has the meaning set forth in Section 7.1.

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Employment
Agreements” has the meaning set forth in Section 6.2(g).

“Encumbrance” means
any priority, lien, pledge, hypothecation, claim, charge, mortgage, security interest, encumbrance, prior assignment, option,
right of first refusal, preemptive right, community property interest or restriction of any nature whatsoever (including any restriction
on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the receipt
of any income derived from any asset, any restriction on the use of any asset and any restriction on the possession, exercise
or transfer of any other attribute of ownership of any asset).

“Environmental
Laws” means all federal, state, regional or local statutes, laws, rules, regulations, codes, orders, plans,
injunctions, decrees, rulings, ordinances or judicial or administrative interpretations thereof, or similar laws of foreign jurisdictions
where the Company and its Subsidiaries conduct business, currently in existence any of which govern or relate to pollution, protection
of the environment, public health and safety (as relates to the exposure to Hazardous Substances), air emissions, water discharges,
hazardous or toxic substances, solid or hazardous waste or occupational health and safety, as any of these terms are or may be
defined in such statutes, laws, rules, regulations, codes, orders, plans, injunctions, decrees, rulings, ordinances, or judicial
or administrative interpretations thereof, including, without limitation: the Comprehensive Environmental Response, Compensation,
and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601
et seq. (collectively, “CERCLA”); the Solid Waste Disposal Act, as amended by the Resource Conservation
and Recovery Act of 1976, as amended by the Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §§ 6901 et seq.
(collectively, “RCRA”); the Hazardous Materials Transportation Act, as amended, 49 U.S.C. § 5101
et seq.; the Federal Water Pollution Control Act of 1972, as amended by the Clean Water Act of 1977, 33 U.S.C. §§ 1251
et seq.; the Toxic Substances Control Act of 1976, as amended, 15 U.S.C. §§ 2601 et seq.; the Emergency Planning and
Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq. (“EPCRA”); the Clean Air Act
of 1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq.; the Occupational Safety and
Health Act of 1970, as amended, 29 U.S.C. §§ 651 et seq. (“OSHA”); and the Federal Insecticide,
Fungicide, and Rodenticide Act, as amended, 7 U.S.C. §§ 136-136y (“FIFRA”).

“ERISA” means
the United States Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

“ERISA
Affiliate” means all employers (whether or not incorporated) that would be treated together with the Company
or any of its Affiliates as a “single employer” within the meaning of Section 414 of the Code or Section 4001 of ERISA.

“Escheatment
Law” means any Law relating to unclaimed property that require such property to be held and escheated or transferred
to a Governmental Authority after a specified period of time or on a specified date.

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Escheatment
Liabilities” means (A) any and all Damages arising under or related to any Escheatment Law and (B) any obligation
to pay or transfer to any Person any unclaimed property.

“Estimated
Closing Working Capital” has the meaning set forth in Section 1.8(a)(i).

“Estimated
Closing Working Capital Statement” has the meaning set forth in Section 1.8(a)(i).

“Excluded
Assets” has the meaning set forth in Section 2.12(e).

“FCPA”
has the meaning set forth in Section 2.28.

“Fraud”
means, with respect to a party, its actual and intentional fraud with respect to the making of any of the representations
and warranties made in Article II, Article III and Article IV (as applicable); provided, however,
that such actual and intentional fraud shall only be deemed to have been committed by a party if: any
of the persons included in the definition of the Company’s Knowledge (in the case of the Company) had actual knowledge
(as opposed to imputed or constructive knowledge, which shall not be considered) that the subject representation or warranty
(as qualified by the Schedules hereto) was false when made.  The parties expressly agree that claims of fraud or misrepresentation
with respect to any matter other than the representations and warranties set forth in this Agreement are excluded from the remedies
available to either party with respect to this Agreement or the Transaction, to the fullest extent permitted by
Law.

“Fully
Diluted Shares” means an amount equal to the sum of (a) the total number of Shares outstanding immediately
prior to the Closing Date; plus (b) the total number of Shares that would be issuable immediately prior to the Closing
Date upon exercise in full of all issued and outstanding options.

“GAAP”
means United States generally accepted accounting principles in effect from time to time; provided, however, that it is
expressly understood and agreed that (i) where GAAP permits alternative methods or treatments, the Company’s choice of an
acceptable treatment or calculation, as reflected in the Company Financial Statements, shall be the method or treatment used for
all purposes under this Agreement; and (ii) Buyer’s election to utilize another acceptable GAAP treatment following the
Closing shall not be the basis for (a) calculating any Post-Closing Adjustment under Section 1.8(b), (b) determining compliance
with or claiming the breach of any representation or warranty by the Company or the Sellers hereunder, (c) determining any claim
for indemnity, or (d) determining whether an Earnout Payments have been earned.

“GeoTech” has
the meaning set forth in the Recitals.

“Governmental
Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency
or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory
authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority
have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction.

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EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Governmental
Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by
or with any Governmental Authority.

“Handling”
or “Handled” means any manner of generating, accumulating, storing, treating, disposing
of, transporting, transferring, labeling, handling, manufacturing or using, as any of such terms may further be defined in any
Environmental Law, of any Hazardous Substances or Waste.

“Hazardous
Substances” shall be construed broadly to include any toxic or hazardous substance, material, or waste, and
any other contaminant, pollutant or constituent thereof, whether liquid, solid, semi-solid, sludge and/or gaseous, including without
limitation, chemicals, compounds, by-products, pesticides, asbestos containing materials, petroleum or petroleum products, and
polychlorinated biphenyls, the presence of which requires investigation or remediation under any Environmental Laws or which are
regulated, listed or controlled by, under or pursuant to any Environmental Laws, including, without limitation, RCRA, CERCLA,
the Hazardous Materials Transportation Act, the Toxic Substances Control Act, the Clean Air Act, the Clean Water Act, FIFRA, EPCRA
and OSHA, or any similar state or other statute or regulations implementing such statutes, laws, ordinances, codes, rules, regulations,
orders, rulings, or decrees, or which has been or shall be determined or interpreted at any time by any Governmental Authority
to be a hazardous or toxic substance regulated under any other statute, law, regulation, code, rule order, or decree.

“HIPAA”
means the provisions of the Health Portability and Accountability Act of 1996 relating to privacy and security, as set forth in
45 C.F.R. part 160 and part 164, Subparts A, C and E.

“Holdback”
has the meaning set forth in Section 1.3.

“HSR
Act” means the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the rules and
regulations promulgated thereunder.

“Indebtedness”
means, without duplication, as of the Effective Time, (a) all obligations of the Company or its Subsidiaries for borrowed money,
(b) other indebtedness of the Company or its Subsidiaries evidenced by notes, bonds, debentures or other debt instruments, (c)
indebtedness of the types described in clauses (a) and (b) guaranteed, directly or indirectly, in any manner by the Company or
its Subsidiaries through an agreement to supply funds to, or in any other manner, invest in, the debtor, or to purchase indebtedness,
primarily for the purpose of enabling the debtor to make payment of the indebtedness or to insure the owners of indebtedness against
loss, (d) indebtedness for the deferred purchase price of property or services with respect to which the Company or any of its
Subsidiaries is liable, other than ordinary course trade payables, (e) all payment obligations under any interest rate swap agreements
or interest rate hedge agreements to which the Company or any of its Subsidiaries is party, (f) any interest owed with respect
to the indebtedness referred to above and prepayment premiums or fees which would be payable if such indebtedness were paid in
full at Closing, (g) only to the extent drawn as of the Effective Time, any letters of credit, surety bonds, bids, performance
bonds or similar obligations, (h) all accrued but unpaid severance obligations of the Company and its Subsidiaries, and (i) debt
or obligations related to the purchase, redemption or retirement of stock of the Company and its Subsidiaries.

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Indemnification
Schedule” has the meaning set forth in Section 8.1(e).

“Indemnified
Party” has the meaning set forth in Section 5.10.

“Indemnifying
Party” has the meaning set forth in Section 8.1(e).

“Independent
Accountant” has the meaning set forth in Section 1.8(c)(iii).

“Initial
Termination Date” has the meaning set forth in Section 9.1(b).

“Insurance
Policies” has the meaning set forth in Section 2.25.

“Intellectual
Property” means all industrial property rights, and all rights, interests and protections that are associated
with, similar to, or required for the exercise of, any of the foregoing, however arising, pursuant to the Laws of any jurisdiction
throughout the world, whether registered or unregistered, including any and all such rights in or to: (a) trademarks, service
marks, trade names, brand names, logos, trade dress, design rights and other similar designations of source, sponsorship, association
or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications and renewals
for, any of the foregoing; (b) internet domain names, whether or not trademarks, registered in any top-level domain by any
authorized private registrar or Governmental Authority, web addresses, web pages, websites and related content, accounts with
Twitter, Facebook and other social media companies and the content found thereon and related thereto, and URLs; (c) works
of authorship, expressions, designs and design registrations, whether or not copyrightable, including copyrights, author, performer,
moral and neighboring rights, and all registrations, applications for registration and renewals of such copyrights; (d) inventions,
discoveries, trade secrets, business and technical information and know-how, databases, data collections and other confidential
and proprietary information and all rights therein; (e) patents (including all reissues, divisionals, provisionals, continuations
and continuations-in-part, re-examinations, renewals, substitutions and extensions thereof), patent applications, and other patent
rights and any other Governmental Authority-issued indicia of invention ownership (including inventor’s certificates, petty
patents and patent utility models); (f) software and firmware, including data files, source code, object code, application
programming interfaces, architecture, files, records, schematics, computerized databases and other related specifications and
documentation; and (g) industrial designs.

“Interim
Financial Statements” has the meaning set forth in Section 2.7(a).

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EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“IRS”
has the meaning set forth in Section 2.14(b).

“Knowledge,”
“Know” and “Known” and similar phrases with respect to any Person (other
than the Company) shall mean actual knowledge of such Person of the particular fact, including after reasonable inquiry of (i) employees
of such Person who are reasonably likely to have knowledge of the particular fact and (ii) such Person’s files and
records that are reasonably likely to contain information relating to such particular fact. With regard to the Company, this shall
mean the actual knowledge, after reasonable inquiry, of any of [****], [****], [****], or any member of the board of directors
of the Company. With regard to Buyer, this shall mean the actual knowledge, after reasonable inquiry, of any of [****], [****],
[****], [****], or [****].

“Kroloff”
has the meaning set forth in Section 10.12.

“Law” means
any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

“Leased
Real Property” has the meaning set forth in Section 2.11(b).

“Leases”
has the meaning set forth in Section 2.11(b).

“Letter
of Transmittal” has the meaning set forth in Section 1.6(b).

“Licenses”
means all licenses, permits (including environmental, construction and operation permits), franchises, certificates, approvals,
exemptions, classifications, registrations and other similar documents and authorizations issued by any Governmental Authority,
and applications therefor.

“Lost
Certificate Affidavit” has the meaning set forth in Section 1.6(c).

“Management
Team” has the meaning set forth in Section 1.3(c).

“Material
Adverse Effect” means any event, occurrence, fact, condition or change that is, or could reasonably be expected
to become, individually or in the aggregate, materially adverse to (a) the business, results of operations, condition (financial
or otherwise) or assets of the Company and its Subsidiaries, taken as a whole, or (b) the ability of Sellers to consummate
the Transaction on a timely basis; provided, however, that “Material Adverse Effect” shall not include any
event, occurrence, fact, condition or change, directly or indirectly, arising out of or attributable to: (a) changes in conditions
in the U.S. or global economy, capital or financial markets generally, including changes in interest or exchange rates, (b) changes
in general legal, tax, regulatory, political or business conditions that, in each case, generally affect the geographic regions
or industries in which the Company and its Subsidiaries conduct their business, (c) changes or proposed changes in GAAP, (d) the
negotiation, execution, announcement or performance of this Agreement or the Transaction, including the impact thereof on relationships,
contractual or otherwise, with customers, suppliers, distributors, landlords, tenants, lenders, investors or employees, (e) acts
of war, armed hostilities, sabotage or terrorism, or any escalation or worsening of any such acts of war, armed hostilities, sabotage
or terrorism threatened or underway as of the date of this Agreement, (f) earthquakes, hurricanes or other natural disasters,
(g) any action taken by the Company or its Subsidiaries at the request or with the consent of Buyer, (h) any matters expressly
set forth in the Company Disclosure Schedule as of the date of this Agreement, or (i) any matter adversely affecting Buyer or
Buyer’s ability to consummate the Transaction on a timely basis; provided, however, that any effect, event, development
or change referred to in clauses (a), (b), (c), (e) or (f) immediately above shall be taken into account in determining whether
a Material Adverse Effect has occurred or would reasonably be expected to occur to the extent that such event, change or effect
has a disproportionate effect on the Company and its Subsidiaries, taken as a whole, compared to other participants in the industry
in which the Company and its Subsidiaries conduct their businesses.

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Material
Contracts” has the meaning set forth in Section 2.17(a).

“[****]”
has the meaning set forth in Section 1.3(c).

“Multiemployer
Plan” has the meaning set forth in Sections 3(37) and 4001(a)(3) of ERISA.

“Net
Working Capital” means Current Assets minus Current Liabilities, calculated in accordance with GAAP, consistently
applied and as applied to the Company as of immediately prior to the Closing, without giving effect to the consummation of the
Transaction (including any and all effects of any purchase accounting adjustments).

“Non-Competition
Agreement” has the meaning set forth in Section 7.2.

“Notices”
has the meaning set forth in Section 2.19(b).

“OMM”
has the meaning set forth in Section 10.12.

“Outside
Date” has the meaning set forth in Section 9.1(b).

“Per
Share Closing Consideration” means an amount equal to (a) the Aggregate Closing Amount, less the Stockholders’
Representative Expense Amount divided by (b) the number of Fully Diluted Shares.

“Permits”
means all consents, permits, licenses, grant, franchises, approvals, authorizations, registrations, certificates, variances and
similar rights obtained, or required to be obtained from any federal, provincial, territorial, county or local governmental entity
or any other Governmental Authority.

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Permitted
Encumbrances” shall mean (i) Encumbrances for Taxes that are not yet due and payable or that are being contested
in good faith, (ii) non-exclusive licenses granted by the Company in connection with the sales of products of the Business in
the ordinary course of business, (iii) mechanics’, carriers’, workers’, repairers’, and other similar
Encumbrances imposed by Law arising or incurred in the ordinary course of business for obligations that are not yet past due,
(iv) Encumbrances on leases of real property or granted to a landlord pursuant to a Lease arising from the provisions of such
leases, (v) pledges or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment
insurance, and other social security legislation, (vi) zoning regulations and restrictive covenants and easements that do not
detract in any material respect from the value of the Company’s leasehold estates and do not materially and adversely affect,
impair or interfere with the use by the Company of any property affected thereby, (vii) utility easements, rights of way, restrictions,
covenants, claims, subleases or similar items to serve or serving Leased Real Property, (viii) liens securing rental payments
under capital lease or operating lease arrangements, (ix) matters of public record; and (x) any encumbrances effecting the landlords
or ground lessors underlying interests in any of the Leases and/or the Leased Real Property from time to time.

“Person” means
an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization,
trust, association or other entity.

“Post-Closing
Adjustment” has the meaning set forth in Section 1.8(b)(ii).

“Post-Closing
Straddle Tax Period” has the meaning set forth in Section 5.4(c)(ii).

“Pre-Closing
Straddle Tax Period” has the meaning set forth in Section 5.4(c)(ii).

“Prevailing
Party” has the meaning set forth in 10.3(c).

“Principals”
has the meaning set forth in the Recitals.

“Prior
Period Tax Returns” has the meaning set forth in Section 5.4(b).

“Prior
Period” has the meaning set forth in Section 5.4(b).

“Proceedings”
has the meaning set forth in Section 2.19(b).

“Pro
Rata Percentage” means, for each Seller, a percentage calculated by dividing (i) the total number of Shares held
by such Seller immediately prior to the Closing Date, by (ii) the total number of Fully Diluted Shares.

“Purchase
Price” has the meaning set forth in Section 1.2.

“Real
Estate Purchase Agreement” means the Real Estate Purchase Agreement entered into as of even date hereof by and between
an Affiliate of Buyer and Clarksons California Properties, a California Limited Partnership.

“Release”
has the meaning set forth in Section 1.6(b).

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EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Representative” means,
with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
and other agents of such Person.

“Resolution
Period” has the meaning set forth in Section 1.8(c)(ii).

“Restriction”
has the meaning set forth in Section 2.24.

“Review
Period” has the meaning set forth in Section 1.8(c)(i).

“Section
338(h)(10) Election” has the meaning set forth in Section 5.4(a)(i).

“Seller” has
the meaning set forth in the preamble.

“Seller
Indemnified Parties” has the meaning set forth in Section 8.1(c).

“Seller
Indemnifying Parties” has the meaning set forth in Section 8.1(a).

“Sellers’
Disclosure Schedule” has the meaning set forth in Article III.

“Shares” has
the meaning set forth in the Recitals.

“Specified
Indemnification Obligations” has the meaning set forth in Section 8.1(a).

“Statement
of Objections” has the meaning set forth in Section 1.8(c)(ii).

“Statute
of Limitations Claims” has the meaning set forth in Section 8.2(b).

“Stockholder
Approval” has the meaning set forth in Section 2.3(b).

“Stockholders’
Representative” has the meaning set forth in the preamble.

“Stockholders’
Representative Expense Account” has the meaning set forth in Section 1.3(b).

“Stockholders’
Representative Expense Amount” has the meaning set forth in Section 1.3(b).

“Stockholders’
Representative Expenses” has the meaning set forth in Section 1.3(b).

“Straddle
Period” has the meaning set forth in Section 5.4(c)(i).

“Subsidiary” or
“Subsidiaries” means Clark Pest Control of Nevada, LLC and Wings Over Oregon, LLC.

“Subsidiary
Charter Documents” has the meaning set forth in Section 2.1(b).

“Target
Working Capital” means [****] Dollars ($[****]).

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IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Taxes” means
all (a) taxes, charges, withholdings, fees, levies, premiums, imposts, duties, governmental contributions or other charges of
any kind whatsoever, whether direct or indirect, imposed by any Governmental Authority including, without limitation, those levied
on, measured by or referred to as income, net income, gross income, receipts, capital, windfall profit, severance, property (real
or intangible or personal), production, sales, provincial sales, retail sales, harmonized sales, value-added, goods and services,
use, business occupation, license, excise, registration, franchise, employment, payroll (including social security contributions,
employment insurance, health taxes, and other government pension plan contributions), deductions at source, workers’ compensation,
withholding, alternative or add-on minimum, intangibles, ad valorem, transfer, gains, stamp, customs, duties, estimated, transaction,
title, capital, paid-up capital, profits, premium, recording, inventory and merchandise, business privilege, federal highway use,
commercial rent or environmental tax, and any liability under unclaimed property, escheat, or similar Laws), (b) interest, penalties,
fines, additions to tax or additional amounts imposed by any Governmental Authority in connection with (i) any item described
in clause (a) or (ii) the failure to comply with any requirement imposed with respect to any Tax Return, and (iii) liability in
respect of any items described in clause (a) and/or (b) payable by reason of contract, assumption, transferee, successor or similar
liability, operation of law (including pursuant to Treasury Regulations Section 1.1502-6 (or any predecessor or successor thereof
or any analogous or similar state, local, or foreign Law)) or otherwise.

“Tax
Return” means any report, return, declaration, designation, election, undertaking, wavier, notice, filing,
information return, statement, form certificate or any other document or materials relating to Taxes, including any related or
supporting information with respect to any such documents or materials, filed or to be filed with any Governmental Authority in
connection with the determination, assessment, collection or administration of Taxes (including TD F90-22.1), including, without
limitation, any schedule or attachment thereto or amendment thereof, and estimated returns and reports of every kind with respect
to Taxes.

“Third
Party Claim” has the meaning set forth in Section 8.5(a).

“Threshold”
has the meaning set forth in Section 8.3(a).

“Transaction”
has the meaning set forth in the Recitals.

“Transaction
Documents” means this Agreement, the Real Estate Purchase Agreement and the Distribution Purchase Agreement.

“Transaction
Expenses” means (a) any fees, costs, expenses of, or payments made by, the Company or any of its Subsidiaries related
to any transaction bonus, change of control payment or other compensatory payments made to any current or former employee or other
service provider of the Company or any of its Subsidiaries solely as a result of the execution of this Agreement or the consummation
of the Transaction (but excluding, for the avoidance of doubt, any such arrangements that are implemented by Buyer), (b) all employment
Taxes imposed on the Company and its Subsidiaries resulting from any and all payments made pursuant to the foregoing subsection
(a) and (c) any legal, accounting, financial advisory and other third party advisory or consulting fees and other expenses incurred
by the Company, any of its Subsidiaries or the Sellers in connection with the Transaction and other related matters to the extent
incurred, whether or not paid as of the Closing and not otherwise included in Net Working Capital.

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EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Transmittal
Package” has the meaning set forth in Section 1.6(b).

“Vendors”
means all production and equipment vendors and subcontractors of the Company and its Subsidiaries as to which expenses in excess
of One Hundred Thousand Dollars ($100,000) either were incurred to such vendors and subcontractors during the Company’s
fiscal year ended December 31, 2017.

“Waste”
shall be construed broadly to include agricultural wastes, biomedical wastes, biological wastes, bulky wastes, construction and
demolition debris, garbage, household wastes, industrial solid wastes, liquid wastes, recyclable materials, sludge solid wastes,
special wastes, used oils, white goods, and yard trash as those are defined under any other statute, law, regulation, order, code,
rule or decree.

“Year
End Financial Statements” has the meaning set forth in Section 2.7(a).

[SIGNATURE PAGES
FOLLOW]

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HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

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

	 	ROLLINS, INC.
	 	 
	 	By: /s/ John F. Wilson                      
	 	Name:  John F. Wilson
	 	Title:  President & COO

    	 

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

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

	 	CLARK PEST CONTROL OF STOCKTON,
    INC.
	 	 
	 	By:_______________________________
	 	Name:  [****]
	 	Title:  [****]
	 	 
	 	STOCKHOLDERS’ REPRESENTATIVE
	 	 
	 	JJT King,
    LLC
	 	 
	 	By:_______________________________
	 	Name:  [****]
	 	Title: Manager

    	 

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

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

	 	COMPANY STOCKHOLDERS:
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]

    	 

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

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

	 	PRINCIPALS:
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]
	 	 
	 	__________________________________
	 	[****]Exhibit 10.2+

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

 

ASSET PURCHASE
AGREEMENT

 

This
Asset Purchase Agreement (this “Agreement”) dated as of January 7, 2019
is by and among King Distribution, Inc., a Delaware corporation (“Buyer”),
Geotech supply co., llc, a California limited liability company (“Seller”),
and Clarksons California Properties, California limited partnership, the sole member
of Seller (“Member”). Each capitalized term used in this Agreement and not otherwise defined has the meaning
set forth in Article XI.

 

Recitals

 

WHEREAS,
Seller is engaged in the distribution of safety equipment and supplies such as gloves, goggles, respirators, rubber boots, pesticide
chemicals, and other pest control equipment such as mouse and rat traps, spray tanks, wooden stakes, and plastic termite monitors
(the “Business”);

 

WHEREAS,
Buyer is a wholly owned subsidiary of Rollins, Inc., a Delaware corporation (“Parent”), formed for the purpose
of acquiring the Business from Seller;

 

WHEREAS,
Buyer desires to purchase certain assets owned by Seller and used in the operation of the Business free and clear of any liabilities
or obligations not expressly assumed by Buyer herein, all upon terms and conditions hereinafter set forth (the “Transaction”);
and

 

WHEREAS,
concurrently with the execution and delivery of this Agreement, Buyer will enter into the Stock Purchase Agreement among Parent,
Clark Pest Control of Stockton, Inc. (“Clark”), and the stockholders of Clark (the “Stock Purchase
Agreement”) and the Real Estate Purchase Agreement between Parent (or an Affiliate of Parent) and Member (the “Real
Estate Purchase Agreement”).

 

NOW,
THEREFORE, in consideration of the premises, the promises hereinafter contained, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I

PURCHASE AND
SALE OF ASSETS

 

1.01         Purchase
and Sale of Assets. At the Closing (as defined below) and subject to the terms hereof, Seller agrees to sell and deliver
to Buyer, and Buyer agrees to purchase, the following described assets of Seller relating to the Business (collectively the “Assets”),
free and clear of all Encumbrances or obligations of any nature whatsoever, except Permitted Encumbrances:

 

(a)         All
of Seller’s inventory of products, materials, and supplies relating to the Business (“Inventory”);

    	 

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)         All
of (i) the know-how, confidential information, and other proprietary rights and interests owned by Seller and used in the Business
or, as to any such property, right, and interest that is not owned by Seller, used by Seller in the Business and assignable by
Seller, (ii) Seller’s rights to telephone numbers, telephone directory advertising, and company e-mail addresses relating
to the Business, (iii) Seller’s rights to the domain name www.geotechsupply.com, and (iv) Seller’s rights to the “doing
business as” name Geotech Supply, in the case of each of (i) through (iv) above (collectively, “Intellectual Property”);

(c)           All
furniture, fixtures, equipment, machinery, tools, vehicles, office equipment, supplies, computers, telephones, and other tangible
personal property;

(d)           All
Permits which are held by Seller and required for the conduct of the Business as currently conducted or for the ownership and
use of the Assets;

(e)           All
prepaid expenses, credits, advance payments, claims, security, refunds, rights of recovery, rights of set-off, rights of recoupment,
deposits, charges, sums, and fees (including any such item relating to the payment of Taxes);

(f)            Originals
or duplicate copies of all financial, accounting, and operating data and records of Seller relating to customers and vendors,
including without limitation, all books, records, sales and sales promotional data, pricing information, customer lists, vendor
lists, and other similar property, rights, and information, in each case, relating to the Business (collectively, “Records”);

(g)           All
accounts receivable held by Seller, and any security, claim, remedy, or other right related thereto (“Accounts Receivable”);

(h)           All
Contracts set forth on Schedule 1.01(h) (the “Assigned Contracts”);

(i)            Seller’s
outstanding purchase orders for products, materials, and supplies of the Business (“Purchase Orders”); and

(j)            All
goodwill of Seller associated with the Business.

1.02         Excluded
Assets. Notwithstanding anything to the contrary in Section 1.01, all tangible and intangible assets of Seller
other than the Assets shall constitute the “Excluded Assets”, including, without limitation:

(a)         Seller’s
articles of organization, operating agreements, taxpayer and other identification numbers (collectively, the “Organizational
Documents”), Seller’s tax returns (including any copies thereof) and reports and any notes, worksheets, files,
or documents relating thereto;

(b)         Any
interest or right to any assets held under, and all assets relating to or owned by, any pension, profit sharing, or other Benefit
Plan of Seller;

(c)         All
cash and cash equivalents in Seller’s bank accounts and safe deposit boxes, checks and checkbooks, deposits and all refunds,
claims, prepaid charges, sums and fees related thereto, all lockboxes and the contents thereof as of the Closing, and all shares
of stock and securities owned by Seller; 

    	2

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)         Any
rights to any refunds, credits, prepayments, overpayments and deposits of Seller with any Governmental Authority, in each case
relating to Taxes;

(e)         All
property, casualty, product liability, and general and commercial liability insurance policies, and all rights thereunder, including,
without limitation, all rights to receive refunds with respect to premiums paid, but expressly excluding any and all rights to
receive amounts payable based upon claims made with respect to the Assets; and

(f)         All
Contracts to which Seller is a party or otherwise bound, other than the Assigned Contracts, Purchase Orders, and any Contracts
with respect to Receivables.

1.03         Closing.
The closing of the transactions contemplated hereby (the “Closing”) shall take place simultaneously with the
closing of the Stock Purchase Agreement, or at such other time as the parties may mutually agree (the “Closing Date”),
remotely via exchange of signature pages to this Agreement.

 

ARTICLE II

PURCHASE PRICE

 

2.01         Purchase
Price. The purchase price for the Assets is Three Million Dollars ($3,000,000.00) (the “Purchase Price”).
On the Closing Date, the Purchase Price shall be wired to Seller in immediately available funds pursuant to wire instructions
provided by Seller prior to the date hereof.

 

2.02         Liabilities.

 

(a)         Assumption
of Certain Liabilities. At the Closing, Buyer shall assume only the following liabilities and obligations of Seller:
(i) all trade accounts payable of Seller to third parties in connection with the Business that remain unpaid and are not delinquent
as of the Closing Date and that either are reflected on the Seller Financial Statements or arose in the ordinary course of business
since November 30, 2018; and (ii) all liabilities in respect of the Assigned Contracts and Purchase Orders, but only to the extent
that such liabilities thereunder are required to be performed after the Closing Date, were incurred in the ordinary course of
business, and do not relate to any failure to perform, improper performance, warranty, or other breach, default, or violation
by Seller on or prior to the Closing (collectively, the “Assumed Liabilities”). 

(b)         Excluded
Liabilities. Except for the Assumed Liabilities, it is expressly understood and agreed that notwithstanding anything to the
contrary contained herein, neither Buyer nor its Affiliates will assume or have any liability or obligation whatsoever with respect
to any of Seller’s or Member’s obligations, liabilities, Contracts, Indebtedness, claims, costs, expenses, agreements,
or understandings of any kind or nature whatsoever at any time existing or asserted, whether or not accrued on the Seller Financial
Statements or recorded in its books and records, whether fixed, contingent, or otherwise, whether known or unknown, whether arising
prior to, on, or after the Closing Date and whether or not relating to the operation of the Business or Seller’s ownership
or use of the Assets (collectively, the “Excluded Liabilities”). 

    	3

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

ARTICLE III

REPRESENTATIONS AND WARRANTIES
OF SELLER

 

Seller
makes the following representations and warranties, all of which shall be true and correct as of the date of this Agreement and
again as of the Closing Date, each of which is acknowledged by Seller to be material to, and relied upon by, Buyer, except as
set forth in the Seller Disclosure Schedule (the “Seller Disclosure Schedule”), which disclosure shall provide
an exception to, or otherwise qualify, the representations or warranties of Seller contained in the section of this Agreement
corresponding by number to such disclosure and to any other representation or warranty in this Agreement to which the applicability
of such disclosure is reasonably apparent on its face or if the items are expressly cross-referenced.

 

3.01         Organization.
Seller is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of California.
Seller has all necessary company power and authority to own, lease, and operate its properties and conduct its Business as it
is currently being conducted. Member is the sole member of Seller.

 

3.02         Power
and Authority; Due Authorization. Each of Seller and Member has full power and authority to execute and deliver this Agreement
and to consummate the transactions contemplated hereby. The Member has duly approved and authorized the execution and delivery
of this Agreement and the consummation of the transactions contemplated hereby, and no other company proceedings with respect
thereto are necessary. Assuming that this Agreement constitutes a valid and binding agreement of Buyer, this Agreement constitutes,
or will constitute when executed and delivered, a valid and binding agreement of Seller and Member, in each case enforceable in
accordance with its terms, subject to (i) the effect of bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium,
rearrangement, liquidation, conservatorship, and other laws of general application at the time in effect relating to or affecting
the rights of creditors generally, including, without limitation, court decisions, general equity principles, and the statutory
provisions of the Federal Bankruptcy Code, as amended, pertaining to preferential or fraudulent transfers or conveyances and (ii)
general principles of equity (regardless of whether such principles are considered in a proceeding at law or in equity).

 

3.03         Title
to Assets. Seller has good and marketable title to the Assets, free and clear of all Encumbrances other than Permitted
Encumbrances.

 

3.04         Condition
and Sufficiency of Assets. The buildings, plants, structures, furniture, fixtures, machinery, equipment, vehicles, and
other items of tangible personal property included in the Assets are structurally sound, are in good operating condition and repair,
and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles, and other items of tangible personal property is in need of maintenance or repairs except for
ordinary, routine maintenance and repairs that are not material in nature or cost. The Assets are sufficient for the continued
conduct of the Business after the Closing in substantially the same manner as conducted prior to the Closing and constitute all
of the rights, property, and assets necessary to conduct the Business as currently conducted. None of the Excluded Assets are
material to the Business.

    	4

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

3.05         Contracts.

(a)           Schedule
3.05 lists the following Contracts to which Seller is a party or by which any of the
Assets is bound, each as of the date of this Agreement (such Contracts, being “Material Contracts”):

 

(i)         all
Contracts involving aggregate consideration in excess of $50,000;

 

(ii)        all
Contracts that require Seller to purchase a minimum or specified amount of its total requirement for any product or service from
a third Person;

 

(iii)       all
Contracts that relate to the acquisition or disposition of any business, a material amount of stock or assets of any other Person,
or any real property (whether by merger, sale of stock, sale of assets, or otherwise);

 

(iv)       all
broker, distributor, dealer, manufacturer’s representative, program, rebate, franchise, agency, sales promotion, market
research, marketing consulting, and advertising Contracts;

 

(v)        all
Contracts that: (A) contain a non-competition or non-solicitation covenant by Seller in any line of business or in any geographical
area in the world or other covenant restricting the development, manufacture, marketing, or distribution of any of the products
or services; or (B) grant exclusivity of the marketing, distribution, or sale of any of the products or services of Seller to
any Person or otherwise grants exclusivity to any Person;

 

(vi)       all
Contracts under which Seller has borrowed or loaned money, established a line of credit, issued a note, bond, debenture or any
other form of Indebtedness, guarantees, joint ventures, partnerships or similar arrangements, encumbrances, agreed to indemnify
any Person, or given any power of attorney to any Person or has a power of attorney from any Person;

 

(vii)      all
pledge, conditional sale and title retention agreements, security agreements, personal property leases, and lease purchase agreements
to or from any Person providing for aggregate lease payments in excess of $50,000 in any 12-month period;

 

(viii)     all
Contracts concerning the occupancy, management, or operation of the real property; and

 

(ix)       all
joint venture, limited partnership, or similar agreements to which Seller is a party.

    	5

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(b)           As
of the date hereof: 

 

(i)         each
Material Contract is legal, valid, binding, enforceable, and in full force and effect against Seller and each other party to that
Contract;

 

(ii)        neither
Seller nor, to Seller’s Knowledge, any other party to any Material Contract is in breach of or default under (or is alleged
to be in breach of or default under), or has provided or received any notice of any intention to terminate, any Material Contract;

 

(iii)       no
event or circumstance has occurred that, with notice or lapse of time or both, would constitute an event of default under any
Material Contract or result in its termination or would cause or permit the acceleration or other changes of any right or obligation
or the loss of any benefit;

 

(iv)       Seller
has not received written notice that any party to a Material Contract intends to cancel, not renew, or terminate such Material
Contract or to exercise or not exercise any option under such Material Contract; and 

 

(v)        Seller
or, to Seller’s Knowledge, any other party to a Material Contract does not intend to cancel, not renew, or terminate such
Material Contract.         

 

3.06         Financial
Statements. Schedule 3.06 sets forth the following financial statements (collectively the “Seller Financial
Statements”): (i) balance sheets and statements of income and cash flow as of and for the fiscal years ended December
31, 2017 for Seller; and (ii) balance sheets and statements of income and cash flow as of and for the eleven (11) months ended
November 30, 2018 for Seller. The Seller Financial Statements (including the notes thereto) have been prepared in accordance with
GAAP throughout the periods covered thereby, present fairly the financial condition of the Business as of such dates and the results
of operations of the Business for such periods, are correct and complete, and are consistent with the books and records of Seller
(which books and records are correct and complete).

 

3.07         Inventory.
All Inventory consists of a quality and quantity usable and salable in the ordinary course of business consistent with past practice,
except for obsolete, damaged, defective or slow-moving items that have been written off or written down to fair market value or
for which adequate reserves have been established. All Inventory is owned by Seller free and clear of all Encumbrances other than
Permitted Encumbrances, and no Inventory is held on a consignment basis. The quantities of each item of Inventory (whether raw
materials work-in-process or finished goods) are not excessive, but are reasonable in the present circumstances of Seller.

 

         3.08         Intellectual
Property. Seller has full right, title, and interest to each item of Intellectual Property. There are no pending
or threatened claims against Seller alleging that the conduct of Seller’s Business infringes or conflicts with the rights
of others under patents, trademarks, copyrights, and trade secrets. Seller’s Business, as now conducted, does not infringe
or conflict with the rights of others, including but not limited to patent, trademark, copyright, and trade secret rights, and
Seller owns or possesses all the patents, copyrights, trademarks, trade names, service marks, logos, licenses, and rights with
respect to the foregoing necessary for the operation of the Business as now conducted. Neither Seller nor Member is aware of any
violation by a third party of any of any right of Seller with respect to the Intellectual Property. 

    	6

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

3.09         Receivables.
All Accounts Receivable arising since November 30, 2018 have arisen from bona fide transactions by Seller in the ordinary course
of business and represent bona fide claims for payment for goods sold or services provided prior to the date hereof. For the avoidance
of doubt, no representation or warranty is made as to the actual collection of any Accounts Receivable. To Seller’s Knowledge,
there is no contest, claim, defense, or right of setoff relating to the amount or validity of such Account Receivable.

3.10         No
Conflict. The execution and delivery of this Agreement by Seller and Member does not, and the performance of this Agreement
by Seller and Member will not, (i) conflict with or violate any law, regulation, court order, judgment or decree applicable to
Seller, Member, or the Business or by which any of the Assets are bound or affected; (ii) violate or conflict with the Organizational
Documents of Seller; or (iii) result in any breach of or constitute a default (or an event which with notice or lapse of time
or both would become a default) under any Material Contract relating to the Business to which Seller or Member is a party.

 

3.11         Solvency.
Seller is solvent and consummation of the transactions contemplated herein will not render it insolvent.

 

3.12         Taxes
and Assessments. Seller has filed as due all federal, state and local income, franchise, sales, use, payroll, excise,
business and license tax returns required by law to be filed by Seller with respect to the Business or the ownership of the Assets
for all periods prior to and including the Closing. Seller has paid all federal, state, local, or foreign taxes or other governmental
charges including interest or penalties imposed with respect to the Business or the ownership of the Assets for all periods prior
to and including the Closing Date; provided that nothing in this Section 3.12 or elsewhere in this Agreement shall
be deemed to limit Buyer’s obligations with respect to Taxes that constitute Assumed Liabilities.

 

3.13         Compliance
With Laws; Licenses and Permits. Seller has obtained all governmental licenses, Permits, and approvals necessary for the
operation of the Business. Seller has not received notice of any violations in respect of any such licenses, Permits, or approvals.
No proceeding is pending or, to Seller’s Knowledge, is threatened, which seeks revocation or limitation of any such licenses,
Permits, or approvals.

 

3.14         Customers;
Products. Schedule 3.14 lists substantially all customers of Seller to whom it sold products or services during
the 2018 calendar year, including the name and address of such customers, as well as the approximate dollar volume of products
and services purchased thereby. Schedule 3.14 also lists all products sold by Seller during the 2018 calendar year and
the approximate dollar volume thereof.

 

3.15         Absence
of Certain Changes. Except as set forth on Schedule 3.15 hereto or as contemplated by this Agreement, since November
30, 2018:

    	7

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(a)           there
has not been any:

 

(i)         change
in the assets, liabilities, sales, income, prospects or business of Seller or in Seller’s relationships with suppliers,
dealers, distributors, customers or lessors, other than changes which arose in the ordinary course of business consistent with
past practice;

(ii)        change
with respect to the operations of Seller, including any material change in the types, nature or composition of its products or
services, other than in the ordinary course of business consistent with past practice;

(iii)       acquisition
or disposition by Seller of any material asset or material property other than in the ordinary course of business consistent with
past practice;

(iv)       material
damage, destruction or loss, whether or not covered by insurance, to Seller’s property or assets;

(v)        entry
by Seller into any material transaction other than in the ordinary course of business consistent with past practice or as contemplated
herein;

(vi)       capital
expenditures or commitments in excess of an aggregate of $50,000 by Seller;

(vii)      material
change in the policies of Seller, including with regard to the payment of accounts payable or in the collection of accounts receivable
or any write-down of the value of any Inventory or write-off as uncollectible any notes or accounts receivable or any portion
thereof;

(viii)     modification,
acceleration, amendment, cancellation or termination of or under any Material Contracts;

(ix)        change
in the method of financial or tax accounting or any financial or tax accounting practice of Seller;

(x)         granting
by Seller of any power of attorney or agreement to act as guarantor, surety, co-signer, endorser, co-maker, indemnitor or otherwise
in respect of the obligation of any Person;

(xi)        imposition
of any Encumbrance (other than any Permitted Encumbrance) upon any property or asset of Seller;

(xii)       incurrence
by Seller of any material obligations or material liabilities, whether absolute, accrued, contingent or otherwise (including,
without limitation, liabilities as guarantor or otherwise with respect to obligations of others), other than obligations and liabilities
incurred in the ordinary course of business consistent with past practice (including borrowings under the revolving portion of
the credit facilities of Seller) or as contemplated herein;

    	8

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(xiii)         forgiveness
or cancellation by Seller of any debt or claim of any material value or waiver by Seller of any right of any material value;

(xiv)         event,
occurrence or development that has had or could reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect; or

(xv)         commitment
by Seller to do any of the things set forth in clauses (i) through (xiv) above; and

(b)         Seller
has used its reasonable best efforts in a manner that is consistent with past practices taken as a whole to maintain and preserve
its assets and preserve the goodwill of its suppliers, distributors, vendors and customers and have conducted the Business in
the ordinary course of business consistent with past practice and in accordance with its current credit, collection or payment
policies, procedures and practices (including with respect to customer deposits) and accounting policies, methods or principles.

3.16         Litigation.
There is no suit, claim, action or proceeding which is pending or, to Seller’s Knowledge, threatened, against Seller relating
to the Business, nor to Seller’s Knowledge, is there any basis for any such proceeding. No judgment, order, or decree has
been entered against Seller nor has any suit, claim, action, or proceeding been instituted or, to Seller’s Knowledge, threatened
against Seller which individually or in the aggregate will have a Material Adverse Effect upon the Business, or the condition
of the Assets, taken as a whole. There is no claim, action, or proceeding now pending, or to Seller’s Knowledge threatened,
against Seller or Member which could prevent or delay the consummation of the transactions contemplated by this Agreement.

 

3.17         Accounts
with Financial Institutions. Schedule 3.17 sets forth a correct and complete list of: (a) the name of each financial
institution in which Seller has accounts or safe deposit boxes relating to the Business; (b) the names in which the accounts are
held; (c) the type of account; and (d) the name of each Person authorized to draw thereon or have access thereto.

 

3.18         Disclosure.
No representation or warranty of Seller or Member in this Agreement and no statement in the Seller Disclosure Schedule omits to
state a material fact necessary to make the statements herein or therein, in light of the circumstances in which they were made,
not misleading.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES
OF BUYER AND PARENT

 

Buyer
and Parent hereby make the following representations and warranties to Seller, all of which shall be true and correct at and as
of Closing and shall survive the Closing, and each of which is acknowledged by Buyer and Parent to be material to, and relied
upon by, Seller and Member:

    	9

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

4.01         Organization.
Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. Buyer has
the corporate power and authority to own and use its properties and to conduct its business as currently conducted in all places
where it does business.

 

4.02         Authorization;
Effect of Agreement. The execution, delivery, and performance of this Agreement and the consummation of the transactions
contemplated hereby have been duly authorized by all necessary corporate action of Buyer. This Agreement constitutes a valid and
binding obligation of Buyer enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium, or similar laws affecting the rights of creditors generally, and principles governing the availability of equitable
remedies.

 

4.03         No
Conflict. The execution and delivery of this Agreement by Buyer does not, and the performance of this Agreement by Buyer
will not, (i) conflict with or violate any law, regulation, court order, judgment, or decree applicable to Buyer; (ii) violate
or conflict with either the charter or by-laws of Buyer; or (iii) result in any breach of or constitute a default (or an event
which with notice or lapse of time or both would become a default) under any material contract, instrument, permit, license, or
franchise to which Buyer is a party.

 

4.04         Litigation

.
There is no action pending before any Governmental Authority or, to the Knowledge of Buyer, threatened (including allegations
that could form the basis for future Action), against Buyer or any of its properties, officers, directors or stockholders (in
their capacities as such), or any judgment, decree or order against Buyer, in each case that could reasonably be expected to adversely
affect the ability of Buyer to perform its obligations under this Agreement and consummate the Transaction.

 

4.05         Sufficiency
of Funds

.
On the date hereof and on the Closing Date, Buyer has and will have sufficient immediately available funds to pay the Purchase
Price pursuant to this Agreement.

 

4.06         Independent
Investigation. Buyer has conducted its own independent investigation, review and analysis of the Business and the Assets,
and acknowledges that it has been provided access to the personnel, properties, assets, premises, books and records, and other
documents and data of Seller for such purpose. Buyer acknowledges and agrees that: (a) in making its decision to enter into this
Agreement and to consummate the transactions contemplated hereby, Buyer has relied solely upon its own investigation and the express
representations and warranties of Seller set forth in Article III of this Agreement (including related portions of the
Disclosure Schedules); and (b) neither Seller nor any other Person has made any representation or warranty as to Seller, the Business,
the Assets or this Agreement, except as expressly set forth in Article III of this Agreement (including the related portions
of the Seller Disclosure Schedules).

    	10

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

ARTICLE V

COVENANTS

 

5.01         Normal
Course. From the date hereof until the Closing Date, Seller and its Affiliates shall, except as otherwise expressly contemplated
by this Agreement or as consented to by Buyer in writing, use its commercially reasonable efforts to (a)(i) maintain, in
all material respects, its business organization and the Business, (ii) preserve its goodwill and the confidentiality of
its business know-how, and (iii) preserve its present material business relationships; and (b) conduct the Business in the
ordinary course of business.

 

5.02         Conduct
of Business. From the date hereof until the Closing Date, Seller and its Affiliates shall not, except as directly or indirectly
contemplated by this Agreement, do, or propose to do, any of the following without the prior written consent of Buyer:

 

(a)           Acquire
or agree to acquire by merging or consolidating with, or by purchasing a substantial equity interest in or substantial portion
of the assets of, or by any other manner, any business or any corporation, partnership, or other business organization or division;

 

(b)           Sell,
lease, license, or otherwise dispose of any of its properties or assets, except in the ordinary course of business;

 

(c)           Make
any loans to any Person or guarantee any debt securities of others (other than as a result of the endorsement of checks for collection
and for advances for employee reimbursable expenses, in each case in the ordinary course of business consistent with past practice);

 

(d)           Initiate
any litigation or arbitration proceeding other than in the ordinary course of business consistent with past practice or to enforce
the terms of this Agreement;

 

(e)           Enter
into any Contract that would be a Material Contract if it had been in effect on the date of this Agreement other than a Material
Contract on normal and customary terms consistent with past practice;

 

(f)            Modify,
amend, or terminate any Material Contract (other than any modification or amendment in the ordinary course of business), or waive,
release, or assign any rights or claims, including any forgiveness or other compromise of any Accounts Receivable outside the
ordinary course of business or commit any act or fail to take any action that would result in a material breach of such a Contract;

 

(g)           Fail
to timely pay accounts payable and other obligations other than (i) in the ordinary course of business or (ii) matters
contested in good faith;

 

(h)           Accelerate
the collection of any Accounts Receivable;

 

(i)            Create,
incur, assume, or otherwise become liable for any contingent liability as guarantor or otherwise with respect to the obligations
of others;

    	11

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(j)            Adopt
a plan of complete or partial liquidation or resolution as providing for or authorizing such a liquidation or dissolution, merger,
consolidation, restructuring, recapitalization, or reorganization; or

 

(k)           Take,
or agree in writing or otherwise to take, any of the actions described in paragraphs (a) through (j) above.

 

5.03         Transfer
Taxes. All transfer, documentary, sales, use, stamp, registration, value added, and other such Taxes and fees (including
any penalties and interest) incurred in connection with the sale and transfer of the Purchased Assets and Assumed Liabilities
pursuant to this Agreement and the Transaction Documents shall be borne and paid fifty percent (50%) by Seller and fifty percent
(50%) by Buyer when due. Seller shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes
or fees (and Buyer shall cooperate with respect thereto as necessary).

 

ARTICLE VI

CONDITIONS
TO CLOSING

 

6.01         Conditions
to Obligations of Buyer. The obligations of Buyer to consummate the transactions contemplated by this Agreement shall
be subject to the fulfillment or Buyer’s waiver, at or prior to the Closing, of each of the following conditions:

 

(a)           Except
for representations and warranties that by their terms speak only as of a specified date, the representations and warranties of
Seller and Member set forth in Article III and any certificate or other writing delivered pursuant hereto shall be true
and correct in all respects (in the case of any representation or warranty qualified by materiality or Material Adverse Effect)
or in all material respects (in the case of any representation or warranty not qualified by materiality or Material Adverse Effect)
on and as of the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except
those representations and warranties that address matters only as of a specified date, the accuracy of which shall be determined
as of that specified date in all respects);

 

(b)           Seller
and Member shall have duly performed and complied in all material respects with all agreements, covenants, and conditions required
by this Agreement to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect
to agreements, covenants, and conditions that are qualified by materiality, Seller and Member shall have performed such agreements,
covenants, and conditions, as so qualified, in all respects;

 

(c)           Seller
shall have delivered to Buyer a good standing certificate (or its equivalent) from the California secretary of state;

 

(d)           The
execution and delivery of the Stock Purchase Agreement and the closing of the transactions contemplated therein; and

 

(e)           The
execution and delivery of the Real Estate Purchase Agreement and the closing of the transactions contemplated therein.

    	12

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

6.02         Conditions
to Obligations of Seller and Member.

 

The obligations of Seller
and Member to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Seller’s
or Member’s waiver, at or prior to the Closing, of each of the following conditions:

 

(a)           Except
for representations and warranties that by their terms speak only as of a specified date, the representations and warranties of
Buyer contained in Article IV of this Agreement and any certificate or other writing delivered pursuant hereto shall be
true and correct in all respects (in the case of any representation or warranty qualified by materiality or Material Adverse Effect)
or in all material respects (in the case of any representation or warranty not qualified by materiality or Material Adverse Effect)
on and as of the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except
those representations and warranties that address matters only as of a specified date, the accuracy of which shall be determined
as of that specified date in all respects);

 

(b)           Buyer
shall have duly performed and complied in all material respects with all agreements, covenants, and conditions required by this
Agreement and each of the other Transaction Documents to be performed or complied with by it prior to or on the Closing Date;

 

(c)           The
Transaction Documents (other than this Agreement) shall have been executed and delivered by the parties thereto and true and complete
copies thereof shall have been delivered to Seller;

 

(d)           Buyer
shall have delivered the Purchase Price to Seller in accordance with Section 2.01;

 

(e)           The
execution and delivery of the Stock Purchase Agreement and the closing of the transactions contemplated therein; and

 

(f)           The
execution and delivery of the Real Estate Purchase Agreement and the closing of the transactions contemplated therein.

 

ARTICLE VII

CLOSING DELIVERIES

 

7.01         Seller
and Member Closing Deliveries. Effective as of the Closing, Seller and Member shall have executed (where
applicable) and delivered to Buyer each of the following, together with any additional items that Buyer may reasonably request
to effect the transactions contemplated herein:

(a)           possession
of the Assets;

(b)           a
bill of sale, and such additional instruments of sale, transfer, conveyance, and assignment duly executed by Seller as of the
Closing Date, as reasonably requested by Buyer to consummate the transactions described herein;

    	13

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(c)           a
copy, certified by Member, of (i) the Organizational Documents of Seller, and (ii) the resolutions of Seller
and Member authorizing the transactions contemplated hereby and the execution, delivery, and performance by Seller of this Agreement;
and

(d)           a
certificate of good standing for Seller, issued as of a recent date by the State of California.

7.02         Buyer
Closing Deliveries. Effective as of Closing, Buyer shall have delivered to Seller the Purchase Price, together with any
additional items which Seller may reasonably request to effect the transactions contemplated herein.

ARTICLE
VIII

INDEMNIFICATION

 

8.01         Indemnification
Generally.

 

(a)           Capitalized
terms used but not otherwise defined in this Article VIII shall have the meanings ascribed to them in the Stock Purchase
Agreement.

 

(b)           A
party making a claim for indemnification under this Article VIII shall be, for the purposes of this Agreement, referred
to as an “Indemnified Party” and a party against whom such claims are asserted under this Article VIII
shall be, for purposes of this Agreement, referred to as an “Indemnifying Party.”

 

(c)           For
purposes of this Article VIII, “Damages” means any actual damage, loss, assessment, levy, fine, charge,
claim, direct liability, demand, payment, judgment, settlement, penalty, cost or expense.

 

8.02         Indemnification
of Buyer. Seller, Member and the Principals (collectively, the “Seller Indemnifying Parties”), jointly
and severally, as provided in and limited by this Article VIII, shall indemnify and hold harmless Buyer, Parent, their
respective Affiliates, their respective equity holders, authorized representatives, successors, and assigns (collectively, “Buyer
Indemnified Parties”), from and against any and all Damages incurred by such Buyer Indemnified Parties:

 

(a)           as
a result of any breach by Seller or Member of any of the representations or warranties set forth in Article III;

 

(b)           as a result of any breach by Seller or Member of, or the failure of Seller
or Member to perform, any of their agreements, covenants, or obligations under this Agreement;

 

(c)           as
a result of any (i) Fraud on the part of Seller or Member; (ii) any breach by Member or Clark of the representations and warranties
in the Real Estate Purchase Agreement; (iii) any breach by the Principals or Member in the Stock Purchase Agreement; and (iv)
any Escheatment Liabilities attributable to any period prior to the Closing;

 

(d)           any
Excluded Liabilities;

    	14

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(e)           for any transaction costs of Seller or Member incurred in connection with
the negotiation, preparation, execution, and consummation of the transactions contemplated herein; and

 

(f)           any items listed on Schedule 8.02(f) hereto (“Specified Indemnification Obligations”).

 

8.03         Indemnification
of Seller and Member. Buyer shall indemnify and hold harmless Seller, Member, their respective equity holders, authorized
representatives, successors, and assigns (collectively, “Seller Indemnified Parties”) from and against any
and all Damages incurred by such Seller Indemnified Party in connection with, relating to, or arising from:

 

(a)           any
breach by Buyer of, or any failure of Buyer to perform, any of its agreements, covenants, or obligations under this Agreement;

 

(b)           any
breach or inaccuracy of any representation or warranty of Buyer set forth in Article IV;

 

(c)           any
Assumed Liabilities;

 

(d)           as
a result of any (i) Fraud on the part of Buyer; (ii) any breach by Parent of the representations and warranties in the Real Estate
Purchase Agreement; (iii) any breach by Parent of the Stock Purchase Agreement; and

 

                (e)                  for
any transaction costs of Buyer incurred in connection with the negotiation, preparation, execution, and consummation of the transactions
contemplated herein.

 

8.04         Survival
of Representations, Warranties, and Covenants. 

 

(a)           The
Indemnifying Parties’ liability for Damages resulting from the breach of any covenant, to the extent to be performed pre-Closing
under this Agreement, or breach of any representations or warranties under this Agreement, shall survive the Closing and continue
until that date that is eighteen (18) months following the Closing Date.

 

(b)           Notwithstanding
Section 8.04(a), claims for indemnification based on breaches of representations and warranties in connection with Section
3.01; Section 3.02; Section 3.03; Section 3.04; Section 4.01; Section 4.02; and Specified
Indemnity Obligations shall survive through and until that date that is sixty (60) days after the legal statute of limitations
for claims related to such matters has expired (the “Statute of Limitation Claims”).

 

(c)           Notwithstanding
Section 8.04(a), claims for indemnification based on Fraud shall survive through and until that date that is the earlier
of (i) eight (8) years following the Closing Date and (ii) the date the legal statute of limitations for claims related to such
matters has expired.

    	15

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(d)           Unless
otherwise specified herein, to the extent that any covenants in this Agreement describe performance by the parties hereto from
and after the Closing, such covenants shall survive the Closing until such covenants are fully performed by the applicable party
or waived by the beneficiaries thereof.

 

8.04         Limitations
on Indemnification Obligations. The rights of an Indemnified Party to indemnification pursuant to the provisions of this
Article VIII are subject to, and will count against, the Threshold, Basket and Cap limitations set forth in the Stock Purchase
Agreement.

 

8.05         Procedure
for Indemnification Claims. Claims for indemnification pursuant to this Article VIII shall follow the procedures
set forth in Section 8.4 of the Stock Purchase Agreement.

 

8.06         Third
Party Claims. In the event of any claim for indemnification hereunder resulting from or in connection with any
claim or legal proceeding by an unaffiliated third party, the parties hereto shall follow the procedures set forth in Section
8.5 of the Stock Purchase Agreement.

 

8.07         Offset.
If Damages incurred by Buyer are not limited by the Cap pursuant to Section 8.3(b) of the Stock Purchase Agreement and
the Holdback has been fully exhausted, Buyer, on behalf of each Buyer Indemnified Party, may (but shall not be required to), effect
indemnification against any Seller under this Article VIII, withhold and offset against (or otherwise recoup from) any
sums payable to Seller or Member under this Agreement, including without limitation consideration payable to the stockholders
of Clark under the Stock Purchase Agreement. Any sums withheld will operate as a discharge, to the extent of the amount withheld,
of the payment obligations against which offset is effected; provided, however, that if such offset, in whole or in part,
is ultimately determined by a court of competent jurisdiction to be unjustified, any amount improperly offset will be due and
owing by Buyer within five (5) Business Days following such determination. The exercise of a right of offset by Buyer good faith
will not constitute a default by Buyer of the payment obligation against which offset is effected.

 

8.08          Exclusive
Remedy. The indemnification provisions contained in this Article VIII are intended to provide the sole and exclusive
remedy following the Closing as to all Damages any Indemnified Party may incur arising from or relating to this Agreement or the
Transaction (it being understood that nothing in this Section 8.07 or elsewhere in this Agreement shall affect the parties’
rights to specific performance or other equitable remedies with respect to the covenants in this Agreement to be performed at
or after the Closing).

 

ARTICLE IX

TERMINATION

 

9.01         Termination.
This Agreement may be terminated at any time prior to the Closing:

    	16

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

(a)         by
mutual written consent of the President or Chief Financial Officer of Buyer and Member on behalf of Seller, as duly authorized
by the board of directors of Clark;

 

(b)         by
Seller or Buyer, at any time after the Stock Purchase Agreement shall have been terminated; provided, however, that in
each case, the right to terminate this Agreement under this Section 9.01(b) shall not be available to any party whose failure
to fulfill any obligation under this Agreement has been the cause of, or resulted in, the termination of the Stock Purchase Agreement;

 

(c)         by
Seller or Buyer, if any court of competent jurisdiction or any Governmental Authority shall have issued a final order restraining,
enjoining, or otherwise prohibiting the consummation of the Transaction and such order is or shall have become final and non-appealable;

 

(d)         by
Buyer, upon written notice to Seller, in the event of any material breach by Seller or Member of any of their respective agreements,
representations, or warranties contained herein or in any Transaction Document and the failure of Seller or Member, as applicable,
to cure such breach within thirty (30) days after receipt of written notice from Buyer requesting such breach to be cured; provided,
however, that Buyer is not then in material breach of this Agreement so as to cause any conditions set forth in Article
VI not to be satisfied; or

 

(e)         by
Seller and Member, upon written notice to Buyer, in the event of any material breach by Buyer of any of its agreements, representations,
or warranties contained herein or in any Transaction Document and the failure of Buyer to cure such breach within thirty (30)
days after receipt of written notice from Seller requesting such breach to be cured; provided, however, that Seller and
Member are not then in material breach of this Agreement so as to cause any conditions set forth in Article VI not to be
satisfied.

 

9.02         Procedure
for Termination. Any party desiring to terminate this Agreement pursuant to Section 9.01 shall give written notice
of such termination to the other parties to this Agreement.

 

9.03         Effect
of Termination. In the event of termination of this Agreement in accordance with the provisions of this Article IX,
this Agreement, other than the provisions of Section 10.09 which shall expressly survive such termination, shall forthwith
become void and no party to this Agreement shall have any liability or further obligation arising under this Agreement to any
other party hereto; provided, however, that nothing in this Section 9.03 shall relieve any party from liability
for its willful breach of this Agreement; provided, further, that nothing herein shall prejudice any rights, claims,
or causes of action that may have accrued hereunder or with respect hereto prior to the date of such termination arising from
any party’s willful breach of this Agreement.

    	17

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

ARTICLE X

GENERAL 

 

10.01       Notices.
All notices or other communications required or permitted hereunder shall be in writing and shall be deemed given or delivered
(x) when delivered personally or by electronic mail with confirmation of delivery, (y) four (4) days after being mailed by registered
or certified mail, return receipt requested, or (z) one Business Day after being deposited with a reputable national courier for
next day delivery service, in each case addressed as follows:

 

	If to Seller or Member:	Geotech Supply Co., LLC
	 	9888 Horn Road
	 	Sacramento, California 95827
	 	Attn: [****]
	 	Email: [****] and [****]
	 	 

With
a copy to (but which shall not constitute notice to Seller or Member):

 

	 	Kroloff, Belcher, Smart, Perry
    & Christopherson
	 	7540 Shoreline Drive
	 	Stockton, CA  95219
	 	Attention: Gary Christopherson and Allison
    Cherry Lafferty
	 	Facsimile:  (209) 478-0354
	 	Emails:  gchristopherson@kroloff.com
    and alafferty@kroloff.com
	 	 
	 	and
	 	O’Melveny & Myers LLP
	 	2765 Sand Hill Road
	 	Menlo Park, CA 94025
	 	Attention: Einat Meisel
	 	Email: emeisel@omm.com
	 	 
	If to Buyer:	King Distribution, Inc.
	 	c/o Rollins, Inc.
	 	2170 Piedmont Road NE
	 	Atlanta, GA  30324
	 	Attn:  Eddie Northen, Chief Financial
    Officer and Treasurer
	 	Email: enorthen@rollins.com
	 	 

With
a copy to (but which shall not constitute notice to Buyer):

 

	 	Barnes & Thornburg LLP
	 	3475 Piedmont Road, Suite 1700
	 	Atlanta, Georgia 30305
	 	Attn:  Stuart Johnson
	 	Telephone:  (616) 742-3931
	 	Email:  stuart.johnson@btlaw.com
    

 

or
to such other address as such party may indicate by a notice delivered to the other parties hereto in accordance with the terms
of this Section 10.01.

    	18

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

10.02       Confidential
Nature of Information. Each party agrees that it will treat in confidence all documents, materials and other information
which it shall have obtained regarding the other parties during the course of the negotiations leading to the consummation of
the transactions contemplated hereby (whether obtained before or after the date of this Agreement), the investigation provided
for herein and the preparation of this Agreement and other documents executed in connection with the Closing. Such documents,
materials and information shall not be communicated to any third party (other than, in the case of Buyer, to its counsel, accountants,
financial advisors, consultants or lenders, and in the case of Member and Seller, to its counsel, accountants, consultants, or
financial advisors). Notwithstanding the foregoing, Buyer may use or disclose any confidential information included in the Asset
as of the Closing Date or otherwise reasonably related to the Assets or the business of Seller. The obligation of each
party to treat such documents, materials and other information in confidence shall not apply to any information which (a) is or
becomes legally available to such party from a source other than such party, (b) is or becomes legally available to the public
other than as a result of disclosure by such party or its agents, (c) is required to be disclosed under applicable Law or judicial
process, but only to the extent it must be disclosed, or (d) such party reasonably deems necessary to disclose to obtain any of
the Consents or approvals contemplated hereby.

10.03       No
Public Announcement. No party hereto shall, without the approval of all of the other parties, make any press release or
other public announcement concerning the transactions contemplated by this Agreement, except as and to the extent that any such
party shall be so obligated by Law or the rules of any stock exchange, in which case such party shall so advise the other parties
and all parties shall use their commercially reasonable efforts to cause a mutually agreeable release or announcement to be issued;
provided that the foregoing shall not preclude (i) communications or disclosures necessary to implement the provisions
of this Agreement or to comply with accounting and US Securities and Exchange Commission disclosure obligations, or (ii) the publication
of a tombstone, similar advertising material or general announcements relating to the transactions contemplated by this Agreement
after Closing, provided that such materials do not include specific terms of such transactions, including the Purchase
Price.

 

10.04       Successors
and Assigns. The rights of each party under this Agreement shall not be assignable by such party prior to the Closing
without the written consent of each of the other parties. Following the Closing, any party may assign any of its rights hereunder,
but no such assignment shall relieve the assignor of its obligations hereunder. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their heirs, legal representatives, successors and permitted assigns. Except as otherwise
expressly provided herein, nothing in this Agreement is intended or shall be construed to confer upon any Person other than the
parties and their respective heirs, legal representatives, successors and assigns permitted by this Section 8.04 any right,
remedy, or claim under or by reason of this Agreement.

 

10.05       Access
to Records After Closing Date. For a period of six (6) years after the Closing Date, Buyer and its agents shall
have reasonable access to all of the books and records of Seller with respect to periods prior to the Closing Date to the extent
that such access may reasonably be requested by Buyer.

    	19

    	 

    
CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

10.06       Entire
Agreement; Amendments. This Agreement, the other Transaction Documents, the documents executed in connection with
the Closing, and the exhibits, annexes and schedules referred to herein or therein and the documents delivered pursuant hereto
or thereto (once finalized and executed, as applicable) contain the entire understanding of the parties hereto with regard to
the subject matter contained herein or therein, and supersede all prior agreements, understandings or letters of intent between
or among any of the parties hereto. This Agreement may be amended or supplemented only in a writing signed by all parties hereto.

 

10.07       Interpretation.

 

(a)           Titles
to articles and headings to sections herein 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. The schedules and exhibits referred to herein shall be construed
with and as an integral part of this Agreement to the same extent as if they were set forth verbatim herein. Except as may be
expressly stated to the contrary herein, all dollar amounts in this Agreement refer to lawful money of the US.

 

(b)           The
parties hereto have participated jointly in the negotiation and drafting of this Agreement, and any rule of construction or interpretation
otherwise requiring this Agreement to be construed or interpreted against any party by virtue of the authorship of this Agreement
shall not apply to the construction and interpretation hereof.

 

(c)           Whenever
required by the context hereof, the singular number shall include the plural, and vice versa; the masculine gender shall include
the feminine and neuter genders; and the neuter gender shall include the masculine and feminine genders.

 

(a)           As
used in this Agreement, the words “include” and “including,” and variations thereof, shall not be deemed
to be terms of limitation, and shall be deemed to be followed by the words “without limitation.”

 

(b)           Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to them in the Stock Purchase Agreement.

 

10.08       Waivers.
Any term or provision of this Agreement may be waived, or the time for its performance may be extended, by the party or parties
entitled to the benefit thereof; provided, however, that any such waiver shall be validly and sufficiently authorized for
the purposes of this Agreement only if, as to any party, it is authorized in writing by an authorized representative of such party.
The failure of any party hereto to enforce at any time any provision of this Agreement shall not be construed to be a waiver of
such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of any party thereafter
to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to constitute a waiver of any
other or subsequent breach.

    	20

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

10.09       Fees
and Expenses. Each of the parties hereto shall bear its own costs and expenses (including, without limitation,
fees and disbursements of its counsel, accountants and other financial, legal, accounting or other advisors), incurred by it or
its affiliates in connection with the preparation, negotiation, execution, delivery, and performance of this Agreement and each
of the other documents entered into in connection with the Closing and the consummation of the transactions contemplated hereby
and thereby.

 

10.10       Partial
Invalidity. Wherever possible, each provision hereof shall be interpreted in such manner as to be effective and valid
under applicable Law, but in case any one or more of the provisions contained herein shall, for any reason, be held to be invalid,
illegal, or unenforceable in any respect, such provision shall be ineffective to the extent, but only to the extent, of such invalidity,
illegality, or unenforceability without invalidating the remainder of such invalid, illegal or unenforceable provision or provisions
or any other provisions hereof.

 

10.11      Execution
in Counterparts. This Agreement may be executed in one or more 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 hereto and delivered to each of the other parties.
Facsimile transmissions (including transmission by email in PDF format) of any executed original document shall be deemed the
same as a delivered, executed original. At the request of any party, the other parties shall confirm facsimile transmissions by
executing duplicate original documents and delivering the same to the requesting party or parties.

10.12       Further
Assurances. Each party hereto shall execute and deliver after the date hereof such further certificates, agreements,
and other documents and take such other actions as another party hereto may reasonably request in good faith to consummate or
implement the transactions contemplated hereby. Specifically but without limitation to the generality of the foregoing, Seller
shall cooperate with Buyer to obtain consent from Aspen Properties, the lessor for that certain lease of the Business’s
premises at 1244 La Loma Circle, Anaheim, California 92806.

 

10.13       Governing
Law. This Agreement, and any claims related thereto, shall be governed by and construed in accordance with the
internal Laws (as opposed to the conflicts of law provisions) of the State of Delaware.

 

10.14       Submission
to Jurisdiction and Venue. Each of the parties hereby irrevocably submits to the jurisdiction of any state or federal
court located in Sacramento, California solely in respect of the interpretation and enforcement of the provisions of this Agreement
and of the documents referred to in this Agreement, and in respect of the Transaction, and hereby waive, and agree not to assert,
as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is
not subject thereto or that such action, suit or proceeding may not be brought or is not maintainable in said court or that the
venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such court, and
the parties hereto irrevocably agree that all claims with respect to such action or proceeding shall be heard and determined in
such court. The parties hereby consent to and grant any such court jurisdiction over the person of such parties and agree that
mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 10.1
or in such other manner as may be permitted by applicable law shall be valid and sufficient service thereof. EACH PARTY ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND
THEREFORE EACH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT
OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTION. EACH PARTY CERTIFIES
AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
TO IT THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) EACH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
10.14.

    	21

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

10.15       Parties
in Interest; No Third Party Beneficiaries. Except as provided in Article VIII, this Agreement shall be binding
upon and inure solely to the benefit of each party hereto and their respective successors and permitted assigns, and nothing in
this Agreement, express or implied, is intended to or shall confer upon any other Person (other than Buyer, Seller, and Member)
any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement. There are no third party beneficiaries
of this Agreement. 

10.16       Covenant
of Further Assurance. Without further consideration, Seller will, at any time, and from time to time, execute and deliver
such further instruments of conveyance and transfer, and take such other action as Buyer may reasonably request, to transfer more
effectively to Buyer the Assets, and will, at Seller’s expense, assist Buyer in the collection or reduction to possession
of the Assets. In addition to the foregoing, for such reasonable period of time following the Closing as is mutually agreed by
Buyer and Seller in good faith, Seller shall provide assistance and services to Buyer and access to and use of Seller’s
assets (other than the Assets), systems and personnel in order to effectuate the orderly transition of the Business from Seller
to Buyer, and Buyer shall reimburse Seller for any reasonable costs and expenses incurred by Seller in connection therewith.

10.17       Purchase
Price Allocation. The parties agree that the Purchase Price (including any Assumed Liabilities that are treated as consideration
for the Assets for federal income tax purposes), as adjusted hereunder, and all other amounts constituting consideration within
the meaning of Section 1060 of the Code, shall be allocated among the Assets in the manner as set forth on Schedule 10.17,
which schedule has been prepared in a manner consistent with Section 1060 of the Code and the regulations promulgated thereunder
(the “Consideration Allocation”). Seller and Buyer agree to (i) be bound by the Consideration Allocation, (ii)
act in accordance with the Consideration Allocation in the preparation and the filing of all Tax Returns (including, without limitation,
filing Form 8594 with their United States federal income Tax Return for the taxable year that includes the Closing Date) and in
the course of any Tax audit, Tax review or Tax litigation relating thereto and (iii) take no position and cause their Affiliates
to take no position inconsistent with the Consideration Allocation for income Tax purposes, including United States federal and
state income Tax and foreign income Tax, unless otherwise required pursuant to a “determination” within the meaning
of Section 1313(a) of the Code. Within ninety (90) days after the Closing Date, Buyer shall prepare and deliver a draft of its
IRS Form 8594, completed in a manner consistent with the Consideration Allocation, to Seller. Seller shall have fifteen (15) days
thereafter to review and raise any objections with respect to such form. If Seller raises any such objections, the parties shall,
for the thirty (30) days thereafter, exercise good faith efforts to resolve those objections and if unable to do so within such
30-day period, the parties shall submit the matter to the Accountants for resolution. The fees charged by the Accountants shall
be paid by the parties in proportion to the Accountants’ findings of relative error on disputed matters.

    	22

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

ARTICLE XI

DEFINITIONS

 

The
following terms have the meanings specified or referred to in this Article XI:

 

“Accountants”
means Grant Thornton, LLP.

 

“Accounts
Receivable” has the meaning set forth in Section 1.01(g).

 

“Affiliate” of
a Person means any other Person who has any familial relationship with, or that directly or indirectly, through one or more intermediaries,
controls, is controlled by, or is under common control with, such Person. The term “control” (including the terms
“controlled by” and “under common control with”) means the possession, directly or indirectly, of the
power to direct or cause the direction of the 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 preamble.

 

“Assets”
has the meaning set forth in Section 1.01.

 

“Assigned
Contracts” has the meaning set forth in Section 1.01(h).

 

“Assumed
Liabilities” has the meaning set forth in Section 2.02(a).

 

“Benefit
Plan” means an “employee benefit plan,” as defined in Section 3(3) of the United States Employee Retirement
Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

 

“Business”
has the meaning set forth in the Recitals hereto.

 

“Business
Day” means any day except Saturday, Sunday, or any other day on which commercial banks located in the city of New
York, New York are authorized or required by Law to be closed for business.

 

“Buyer” has
the meaning set forth in the preamble.

“Buyer
Indemnified Parties” has the meaning set forth in Section 8.02.

    	23

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Clark”
has the meaning set forth in the Recitals hereto.

“Closing” has
the meaning set forth in Section 1.03.

“Closing
Date” has the meaning set forth in Section 1.03.

“Consideration
Allocation” has the meaning set forth in Section 10.17.

“Contracts”
means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures
and all other agreements, commitments, and legally binding arrangements, whether written or oral.

“Damages”
has the meaning set forth in Section 8.01.

“Encumbrance” means
any priority, lien, pledge, hypothecation, claim, charge, mortgage, security interest, encumbrance, prior assignment, option,
right of first refusal, preemptive right, community property interest, or restriction of any nature whatsoever (including any
restriction on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on
the receipt of any income derived from any asset, any restriction on the use of any asset and any restriction on the possession,
exercise, or transfer of any other attribute of ownership of any asset).

“Excluded
Assets” has the meaning set forth in Section 1.02.

“Excluded
Liabilities” has the meaning set forth in Section 2.02(b).

“Fraud”
means, with respect to a party, its actual and intentional fraud with respect to the making of any of the representations
and warranties made in Article III and Article IV (as applicable); provided, however, that such
actual and intentional fraud shall only be deemed to have been committed by a party if: any of the persons
included in the definition of the Seller’s Knowledge (in the case of Seller) had actual knowledge (as opposed to imputed
or constructive knowledge, which shall not be considered) that the subject representation or warranty (as qualified
by the Schedules hereto) was false when made.  The parties expressly agree that claims of fraud or misrepresentation with
respect to any matter other than the representations and warranties set forth in this Agreement are excluded from the remedies
available to either party with respect to this Agreement or the transactions contemplated hereby, to the fullest
extent permitted by Law.

“GAAP”
means United States generally accepted accounting principles in effect from time to time; provided, however, that it is
expressly understood and agreed that (i) where GAAP permits alternative methods or treatments, the Seller’s choice of an
acceptable treatment or calculation, as reflected in the Seller Financial Statements, shall be the method or treatment used for
all purposes under this Agreement; and (ii) Buyer’s election to utilize another acceptable GAAP treatment following the
Closing shall not be the basis for (a) determining compliance with or claiming the breach of any representation or warranty by
the Sellers hereunder and (b) determining any claim for indemnity.

    	24

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Governmental
Authority” means any federal, state, local, or foreign government or political subdivision thereof, or any agency
or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory
authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority
have the force of Law), or any arbitrator, court, or tribunal of competent jurisdiction.

“Indebtedness”
means, without duplication, as of the Closing Date, (a) all obligations of Seller for borrowed money, (b) other indebtedness of
Seller evidenced by notes, bonds, debentures or other debt instruments, (c) indebtedness of the types described in clauses (a)
and (b) guaranteed, directly or indirectly, in any manner by Seller through an agreement to supply funds to, or in any other manner,
invest in, the debtor, or to purchase indebtedness, primarily for the purpose of enabling the debtor to make payment of the indebtedness
or to insure the owners of indebtedness against loss, (d) indebtedness for the deferred purchase price of property or services
with respect to which Seller is liable, other than ordinary course trade payables, (e) all payment obligations under any interest
rate swap agreements or interest rate hedge agreements to which Seller is party, (f) any interest owed with respect to the indebtedness
referred to above and prepayment premiums or fees which would be payable if such indebtedness were paid in full at Closing, (g)
only to the extent drawn as of the Closing Date, any letters of credit, surety bonds, bids, performance bonds, or similar obligations,
(h) all accrued but unpaid severance obligations of Seller, and (i) debt or obligations related to the purchase, redemption or
retirement of stock of Seller.

“Indemnified
Party” has the meaning set forth in Section 8.01(b).

“Indemnifying
Party” has the meaning set forth in Section 8.01(b).

“Inventory”
has the meaning set forth in Section 1.01(a).

“Intellectual
Property” has the meaning set forth in Section 1.01(b).

“Knowledge,”
“Know,” and “Known” and similar phrases with respect to any Person (other than Seller
and Member) shall mean actual knowledge of such Person of the particular fact, including after reasonable inquiry of (i) employees
of such Person who are reasonably likely to have knowledge of the particular fact and (ii) such Person’s files and
records that are reasonably likely to contain information relating to such particular fact. With regard to Seller and Member,
this shall mean the actual knowledge of any of [****], [****], and [****], or any member of the board of directors of the Clark.
With regard to Buyer, this shall mean the actual knowledge of any of [****], [****], [****], [****], or [****].

“Law” means
any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
or rule of law of any Governmental Authority.

    	25

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Material
Adverse Effect” means any event, occurrence, fact, condition, or change that is, individually or in the aggregate,
materially adverse to (i) the business, results of operations, condition (financial or otherwise), or assets of Seller, taken
as a whole, or (ii) the ability of Seller to consummate the Transaction on a timely basis; provided, however, that
“Material Adverse Effect” shall not include any event, occurrence, fact, condition, or change, directly or indirectly,
arising out of or attributable to: (a) changes in conditions in the U.S. or global economy, capital, or financial markets generally,
including changes in interest or exchange rates, (b) changes in general legal, tax, regulatory, political, or business conditions
that, in each case, generally affect the geographic regions or industries in which Seller conducts its business, (c) changes or
proposed changes in GAAP, (d) the negotiation, execution, announcement, or performance of this Agreement or the Transaction, including
the impact thereof on relationships, contractual or otherwise, with customers, suppliers, distributors, landlords, tenants, lenders,
investors, or employees, (e) acts of war, armed hostilities, sabotage or terrorism, or any escalation or worsening of any such
acts of war, armed hostilities, sabotage or terrorism threatened or underway as of the date of this Agreement, (f) earthquakes,
hurricanes, or other natural disasters, (g) any action taken by Seller at the request or with the consent of Buyer, (h) any matters
expressly set forth in the Seller Disclosure Schedule as of the date of this Agreement, or (i) any matter adversely affecting
Buyer or Buyer’s ability to consummate the Transaction on a timely basis; provided, however, that any effect, event,
development, or change referred to in clauses (a), (b), (c), (e), or (f) immediately above shall be taken into account in determining
whether a Material Adverse Effect has occurred or would reasonably be expected to occur to the extent that such event, change,
or effect has a disproportionate effect on Seller, taken as a whole, compared to other participants in the industry in which Seller
conducts its businesses.

“Material
Contracts” has the meaning set forth in Section 3.05(a).

“Organizational
Documents” has the meaning set forth in Section 1.02(a).

“Parent”
has the meaning set forth in the Recitals hereto.

“Permits”
means all consents, permits, licenses, grant, franchises, approvals, authorizations, registrations, certificates, variances, and
similar rights obtained, or required to be obtained from any federal, provincial, territorial, county, or local governmental entity
or any other Governmental Authority.

“Permitted
Encumbrances” means (i) Encumbrances for Taxes that are not yet due and payable or that are being contested in
good faith by appropriate procedures and (ii) mechanics’, carriers’, workers’, repairers’, and other similar
Encumbrances imposed by Law or arising or incurred in the ordinary course of business for obligations that are not yet past due.

“Person” means
an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated organization,
trust, association, or other entity.

“Purchase
Orders” has the meaning set forth in Section 1.01(i).

“Purchase
Price” has the meaning set forth in Section 2.01.

“Real
Estate Purchase Agreement” has the meaning set forth in the Recitals hereto.

“Records”
has the meaning set forth in Section 1.01(f).

    	26

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

“Seller” has
the meaning set forth in the preamble.

“Seller
Disclosure Schedule” has the meaning set forth in the preamble to Article III.

“Seller
Financial Statements” has the meaning set forth in Section 3.06.

“Seller
Indemnified Parties” has the meaning set forth in Section 8.03.

“Seller
Indemnifying Parties” has the meaning set forth in Section 8.02.

“Specified
Indemnification Obligations” has the meaning set forth in Section 8.02(f).

“Statute
of Limitations Claims” has the meaning set forth in Section 8.04(a).

“Stock
Purchase Agreement” has the meaning set forth in the Recitals hereto.

“Taxes” means
all (a) taxes, charges, withholdings, fees, levies, premiums, imposts, duties, governmental contributions or other charges of
any kind whatsoever, whether direct or indirect, imposed by any Governmental Authority including, without limitation, those levied
on, measured by or referred to as income, net income, gross income, receipts, capital, windfall profit, severance, property (real
or intangible or personal), production, sales, provincial sales, retail sales, harmonized sales, value-added, goods and services,
use, business occupation, license, excise, registration, franchise, employment, payroll (including social security contributions,
employment insurance, health taxes, and other government pension plan contributions), deductions at source, workers’ compensation,
withholding, alternative or add-on minimum, intangibles, ad valorem, transfer, gains, stamp, customs, duties, estimated, transaction,
title, capital, paid-up capital, profits, premium, recording, inventory and merchandise, business privilege, federal highway use,
commercial rent or environmental tax, and any liability under unclaimed property, escheat, or similar Laws), (b) interest, penalties,
fines, additions to tax or additional amounts imposed by any Governmental Authority in connection with (i) any item described
in clause (a) or (ii) the failure to comply with any requirement imposed with respect to any Tax Return, and (iii) liability in
respect of any items described in clause (a) and/or (b) payable by reason of contract, assumption, transferee, successor or similar
liability, operation of law (including pursuant to Treasury Regulations Section 1.1502-6 (or any predecessor or successor thereof
or any analogous or similar state, local, or foreign Law)), or otherwise.

“Tax
Return” means any report, return, declaration, designation, election, undertaking, wavier, notice, filing, information
return, statement, form certificate or any other document or materials relating to Taxes, including any related or supporting
information with respect to any such documents or materials, filed or to be filed with any Governmental Authority in connection
with the determination, assessment, collection or administration of Taxes (including TD F90-22.1), including, without limitation,
any schedule or attachment thereto or amendment thereof, and estimated returns and reports of every kind with respect to Taxes.

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

“Transaction
Documents” means this Agreement, the Stock Purchase Agreement and the Real Estate Purchase Agreement.

[Signatures
on Following Page]

    	27

    	 

    

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS 

EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE 

COMPETITIVE
HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first hereinabove set forth,
by their representatives thereunto duly authorized.

 

	 	King
    Distribution, Inc.
	 	 
	 	By:  /s/ Jerry Gahlhoff, Jr.                         
	 	Printed: Jerry Gahlhoff, Jr.
	 	Title: Chief Executive Officer, Chief Operating
    Officer, and Chairman
	 	 
	 	Geotech Supply
    Co., LLC
	 	 
	 	By:  [****]                                                  
	 	Printed:  [****]                                                   
	 	Title:  [****]                                                        
	 	 
	 	Clarksons
    California Properties, 
	 	a
    California Limited Partnership
	 	 
	 	By:                                                                
	 	Printed:  [****]                                                   
	 	Title:  [****]                                                        

 

Signature Page to Asset Purchase
Agreement

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