Document:

Exhibit 10.2

 

INDEMNIFICATION AGREEMENT

 

This Indemnification
Agreement (this “Agreement”), dated as of June 18, 2018 is made by and between GOPHER PROTOCOL INC.,
a Nevada corporation (the “Company ‘), and Eva Bitter, a director and/or officer of the Company (the
“Indemnitee”).

 

RECITALS

 

A.           The
Company is aware that competent and experienced persons are increasingly reluctant to serve as directors or officers of corporations
unless they are protected by comprehensive liability insurance and/or indemnification, due to increased exposure to litigation
costs and risks resulting from their service to such corporations, and because the exposure frequently bears no reasonable relationship
to the compensation of such directors and officers;

 

B.           Based
on their experience as business managers, the Board of Directors of the Company (the “Board’’)
has concluded that, to retain and attract talented and experienced individuals to serve as officers and directors of the Company,
and to encourage such individuals to take the business risks necessary for the success of the Company, it is necessary for the
Company contractually to indemnify officers and directors and to assume for itself maximum liability for expenses and damages in
connection with claims against such officers and directors in connection with their service to the Company;

 

C.           The Nevada
Revised Statutes, under which the Company is organized (the “Law”), empowers the Company to indemnify
by agreement its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors,
officers, employees or agents of other corporations or enterprises, and expressly provides that the indemnification provided by
the Law is not exclusive; and

 

D.           The
Company desires and has requested the Indemnitee to serve or continue to serve as a director or officer of the Company free from
undue concern for claims for damages arising out of or related to such services to the Company.

 

NOW, THEREFORE,
the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.            Definitions.

 

1.1.         Agent.
For the purposes of this Agreement, “agent” of the Company means any person who is or was a director
or officer of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to
represent the interest of the Company or a subsidiary of the Company as a director or officer of another foreign or domestic corporation,
partnership, joint venture, trust or other enterprise or an affiliate of the Company; or was a director or officer of a foreign
or domestic corporation which was a predecessor corporation of the Company, or was a director or officer of another enterprise
or affiliate of the Company at the request of, for the convenience of, or to represent the interests of such predecessor corporation.
The term “enterprise” includes any employee benefit plan of the Company, its subsidiaries, affiliates
and predecessor corporations.

 

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1.2          Expenses.
For purposes of this Agreement, “expenses” includes all direct and indirect costs of any type or nature whatsoever
(including, without limitation, all attorneys’ fees and related disbursements and other out-of-pocket costs) actually and
reasonably incurred by the Indemnitee in connection with the investigation, defense or appeal of a proceeding or establishing or
enforcing a right to indemnification or advancement of expenses under this Agreement, the Law or otherwise.

 

1.3          Proceeding.
For the purposes of this Agreement, ‘‘proceeding” means any threatened, pending or completed action, suit or
other proceeding, whether civil, criminal, administrative, investigative or any other type whatsoever.

 

1.4          Subsidiary.
For purposes of this Agreement, “subsidiary” means any corporation of which more than 50% of the outstanding voting
securities is owned directly or indirectly by the Company, by the Company and one or more of its subsidiaries or by one or more
of the Company’s subsidiaries.

 

2.            Agreement
to Serve. The Indemnitee agrees to serve and/or continue to serve as an agent of the Company, at the will of the Company
(or under separate agreement, if such agreement exists), in the capacity the Indemnitee currently serves as an agent of the Company,
faithfully and to the best of his ability, so long as he or she is duly appointed or elected and qualified in accordance with the
applicable provisions of the charter documents of the Company or any subsidiary of the Company; provided, however, that
the Indemnitee may at any time and for any reason resign from such position (subject to any contractual obligation that the Indemnitee
may have assumed apart from this Agreement), and the Company or any subsidiary shall have no obligation under this Agreement to
continue to indemnify the Indemnitee for any actions taken or not taken by him or her after the date of resignation or termination
of such position.

 

3.            Directors’
and Officers’ Insurance. The Company shall, to the extent that the Board determines it to be economically reasonable,
maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”),
on such terms and conditions as may be approved by the Board.

 

4.            Mandatory
Indemnification. Subject to Section 9 below, the Company shall indemnify the Indemnitee:

 

4.1          Third
Party Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding
(other than an action by or in the right of the Company) by reason of the fact that he is or was an agent of the Company, or by
reason of anything done or not done by him in any such capacity, against any and all expenses and liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) actually and
reasonably incurred by him in connection with the investigation, defense, settlement or appeal of such proceeding if he acted in
good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the Company and, with respect
to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful; and

 

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4.2          Derivative
Actions. If the Indemnitee is a person who was or is a party or is threatened to be made a party to any proceeding by or
in the right of the Company to procure a judgment in its favor by reason of the fact that he is or was an agent of the Company,
or by reason of anything done or not done by him in any such capacity, against any amounts paid in settlement of any such proceeding
and all expenses actually and reasonably incurred by him in connection with the investigation, defense, settlement or appeal of
such proceeding if he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests
of the Company; except that no indemnification under this subsection shall be made in respect of any claim, issue or matter
as to which such person shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction due to
willful misconduct of a culpable nature in the performance of his duty to the Company, unless and only to the extent that the Court
of Chancery or the court in which such proceeding was brought shall determine upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such
amounts which the Court of Chancery or such other court shall deem proper; and

 

4.3          Exception
for Amounts Covered by Insurance. Notwithstanding the foregoing, the Company shall not be obligated to indemnify the Indemnitee
for expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties
and amounts paid in settlement) to the extent such have been paid directly to the Indemnitee by D&O Insurance.

 

5.            Partial
Indemnification and Contribution.

 

5.1          Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of any expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines, BRISA
excise taxes or penalties and amounts paid in settlement) incurred by him or her in the investigation, defense, settlement or appeal
of a proceeding but is not entitled, however, to indemnification for all of the total amount thereof, then the Company shall nevertheless
indemnify the Indemnitee for such total amount except as to the portion thereof to which the Indemnitee is not entitled to indemnification.

 

5.2          Contribution.
If the Indemnitee is not entitled to the indemnification provided in Section 4 for any reason other than the statutory limitations
set forth in the Law, then in respect of any threatened, pending or completed proceeding in which the Company is jointly liable
with the Indemnitee (or would be if joined in such proceeding), the Company shall contribute to the amount of expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable by
the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand
and the Indemnitee on the other hand from the transaction from which such proceeding arose and (ii) the relative fault of the Company
on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such expenses, judgments,
fines or settlement amounts, as well as any other relevant equitable considerations. The relative fault of the Company on the one
hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent the circumstances resulting in such expenses, judgments,
fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section
5 were determined by pro rata allocation or any other method of allocation that does not take account of the foregoing equitable
considerations.

 

6.            Mandatory
Advancement of Expenses.

 

6.1          Advancement.
Subject to Section 9 below and except as prohibited by law, the Company shall advance all expenses incurred by the Indemnitee in
connection with the investigation, defense, settlement or appeal of any proceeding to which the Indemnitee is a party or is threatened
to be made a party by reason of the fact that the Indemnitee is or was an agent of the Company or by reason of anything done or
not done by him in any such capacity. The Indemnitee hereby undertakes to promptly repay such amounts advanced only if, and to
the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company under the
provisions of this Agreement, the Certificate of Incorporation or Bylaws of the Company, the Law or otherwise. The advances to
be made hereunder shall be paid by the Company to the Indemnitee within 30 days following delivery of a written request therefor
by the Indemnitee to the Company.

 

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6.2          Exception.
Notwithstanding the foregoing provisions of this Section 6, the Company shall not be obligated to advance any expenses to the Indemnitee
arising from a lawsuit filed directly by the Company against the Indemnitee if an absolute majority of the members of the Board
reasonably determines in good faith, within 30 days of the Indemnitee’s request to be advanced expenses, that the facts known
to them at the time such determination is made demonstrate clearly and convincingly that the Indemnitee acted in bad faith. If
such a determination is made, the Indemnitee may have such decision reviewed by another forum, in the manner set forth in Sections
8.3, 8.4 and 8.5 hereof, with all references therein to “indemnification” being deemed to refer to “advancement
of expenses,” and the burden of proof shall be on the Company to demonstrate clearly and convincingly that, based on the
facts known at the time, the Indemnitee acted in bad faith. The Company may not avail itself of this Section 6.2 as to a given
lawsuit if, at any time after the occurrence of the activities or omissions that are the primary focus of the lawsuit, the Company
has undergone a change in control. For this purpose, a change in control shall mean a given person or group of affiliated persons
or groups increasing their beneficial ownership interest in the Company by at least twenty (20) percentage points without advance
Board approval.

 

7.            Notice
and Other Indemnification Procedures.

 

7.1          Promptly
after receipt by the Indemnitee of notice of the commencement of or the threat of commencement of any proceeding, the Indemnitee
shall, if the Indemnitee believes that indemnification with respect thereto may be sought from the Company under this Agreement,
notify the Company of the commencement or threat of commencement thereof.

 

7.2          If,
at the time of the receipt of a notice of the commencement of a proceeding pursuant to Section 7. 1 hereof, the Company has D&O
Insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of the Indemnitee, all amounts payable because of such proceeding in accordance with the
terms of such D&O Insurance policies.

 

7.3          In
the event the Company shall be obligated to advance the expenses for any proceeding against the Indemnitee, the Company, if appropriate,
shall be entitled to assume the defense of such proceeding, with counsel approved by the Indemnitee (which approval shall not be
unreasonably withheld), upon the delivery to the Indemnitee of written notice of its election to do so. After delivery of such
notice, approval of such counsel by the Indemnitee and the retention of such counsel by the Company, the Company will not be liable
to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by the Indemnitee with respect to the same
proceeding, provided that: (a) the Indemnitee shall have the right to employ his or her own counsel in any such proceeding
at the Indemnitee’ s expense; (b) the Indemnitee shall have the right to employ his or her own counsel in connection with
any such proceeding, at the expense of the Company, if such counsel serves in a review, observer, advice and counseling capacity
and does not otherwise materially control or participate in the defense of such proceeding; and (c) if (i) the employment of counsel
by the Indemnitee has been previously authorized by the Company, (ii) the Indemnitee shall have reasonably concluded that there
may be a conflict of interest between the Company and the Indemnitee in the conduct of any such defense or (iii) the Company shall
not, in fact, have employed counsel to assume the defense of such proceeding, then the fees and expenses of the Indemnitee’
s counsel shall be at the expense of the Company.

 

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 8.            Determination of Right to Indemnification.

 

8.1          To
the extent the Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section 4.1
or 4.2 of this Agreement or in the defense of any claim, issue or matter described therein, the Company shall indemnify the Indemnitee
against expenses actually and reasonably incurred by him or her in connection with the investigation, defense or appeal of such
proceeding, or such claim, issue or matter, as the case may be.

 

8.2          In
the event that Section 8.1 is inapplicable, or does not apply to the entire proceeding, the Company shall nonetheless indemnify
the Indemnitee unless the Company shall prove by clear and convincing evidence to a forum listed in Section 8.3 below that the
Indemnitee has not met the applicable standard of conduct required to entitle the Indemnitee to such indemnification.

 

8.3          The
Indemnitee shall be entitled to select the forum in which the validity of the Company’s claim under Section 8.2 hereof that
the Indemnitee is not entitled to indemnification will be heard from among the following, except that the Indemnitee can
select a forum consisting of the stockholders of the Company only with the approval of the Company:

 

(a)         A
quorum of the Board consisting of directors who are not parties to the proceeding for which indemnification is being sought;

 

(b)         The
stockholders of the Company;

 

(c)         Legal
counsel mutually agreed upon by the Indemnitee and the Board, which counsel shall make such determination in a written opinion;

 

(d)         A
panel of three arbitrators, one of whom is selected by the Company, another of whom is selected by the Indemnitee and the last
of whom is selected by the first two arbitrators so selected; or

 

(e)         The
Court of Chancery of Nevada.

 

8.4          As
soon as practicable, and in no event later than 30 days after the forum has been selected pursuant to Section 8.3 above, the Company
shall, at its own expense, submit to the selected forum its claim that the Indemnitee is not entitled to indemnification, and the
Company shall act in the utmost good faith to assure the Indemnitee a complete opportunity to defend against such claim.

 

8.5          If
the forum selected in accordance with Section 8.3 hereof is not a court, then after the final decision of such forum is rendered,
the Company or the Indemnitee shall have the right to apply to the State Courts of the State of Nevada, for the purpose of appealing
the decision of such forum, provided that such right is executed within 60 days after the final decision of such forum is
rendered. If the forum selected in accordance with Section 8.3 hereof is a court, then the rights of the Company or the Indemnitee
to appeal any decision of such court shall be governed by the applicable laws and rules governing appeals of the decision of such
court.

 

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8.6          Notwithstanding
any other provision in this Agreement to the contrary, the Company shall indemnify the Indemnitee against all expenses incurred
by the Indemnitee in connection with any hearing or proceeding under this Section 8 involving the Indemnitee and against all expenses
incurred by the Indemnitee in connection with any other proceeding between the Company and the Indemnitee involving the interpretation
or enforcement of the rights of the Indemnitee under this Agreement unless a court of competent jurisdiction finds that each of
the material claims and/or defenses of the Indemnitee in any such proceeding was frivolous or not made in good faith.

 

9.            Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this
Agreement:

 

9.1          Claims
Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with respect to proceedings or claims initiated
or brought voluntarily by the Indemnitee and not by way of defense, except with respect to proceedings specifically authorized
by the Board or brought to establish or enforce a right to indemnification and/or advancement of expenses arising under this Agreement,
the charter documents of the Company or any subsidiary or any statute or law or otherwise, but such indemnification or advancement
of expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or

 

9.2          Unauthorized
Settlements. To indemnify the Indemnitee hereunder for any amounts paid in settlement of a proceeding unless the Company
consents in advance in writing to such settlement, which consent shall not be unreasonably withheld; or

 

9.3          Securities
Law Actions. To indemnify the Indemnitee on account of any suit in which judgment is rendered against the Indemnitee for
an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions
of Section l 6(b) of the Securities Exchange Act of 1934 and amendments thereto or similar provisions of any federal, state or
local statutory law; or

 

9.4          Unlawful
Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine
that such indemnification is not lawful. In this respect, the Company and the Indemnitee have been advised that the Securities
and Exchange Commission takes the position that indemnification for liabilities arising under the federal securities laws is against
public policy and is, therefore, unenforceable and that claims for indemnification should be submitted to appropriate courts for
adjudication.

 

10.          Non-Exclusivity.
The provisions for indemnification and advancement of expenses set forth in this Agreement shall not be deemed exclusive of any
other rights which the Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or Bylaws,
the vote of the Company’s stockholders or disinterested directors, other agreements or otherwise, both as to action in the
Indemnitee’s official capacity and to action in another capacity while occupying his position as an agent of the Company,
and the Indemnitee’s rights hereunder shall continue after the Indemnitee has ceased acting as an agent of the Company and
shall inure to the benefit of the heirs, executors and administrators of the Indemnitee.

 

11.          General
Provisions.

 

11.1        Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to be interpreted and enforced so as to provide
indemnification and advancement of expenses to the Indemnitee to the fullest extent now or hereafter permitted by law, except as
expressly limited herein.

 

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11.2        Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever,
then: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation,
all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable that
are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and (b) to the fullest
extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement
containing any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable)
shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable and to
give effect to Section 11.1 hereof.

 

11.3        Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both
parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver.

 

11.4        Subrogation.
In the event of full payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of the Indemnitee, who shall execute all documents required and shall do all acts that may be necessary or desirable
to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

11.5        Counterparts.
This Agreement may be executed m one or more counterparts, which shall together constitute one agreement.

 

11.6        Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the benefit of, the successors and assigns of the
parties hereto.

 

11.7        Notice.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given:
(a) if delivered by hand and signed for by the party addressee; or (b) if mailed by certified or registered mail, with postage
prepaid, on the third business day after the mailing date. Addresses for notice to either party are as shown on the signature page
of this Agreement or as subsequently modified by written notice.

 

11.8        Governing
Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Nevada, without
giving effect to that body of laws pertaining to conflict of laws.

 

11.9        Consent
to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the
State of Nevada for all purposes in connection with any action or proceeding that arises out of or relates to this Agreement.

 

11.10      Attorneys’
Fees. In the event Indemnitee is required to bring any action to enforce rights under this Agreement (including, without
limitation, the expenses of any Proceeding described in Section 1.3) the Indemnitee shall be entitled to all reasonable fees and
expenses in bringing and pursuing such action, unless a court of competent jurisdiction finds each of the material claims of the
Indemnitee in any such action was frivolous and not made in good faith.

 

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IN WITNESS
WHEREOF, the parties hereto have entered into this Indemnification Agreement effective as of the date first written above.

 

THE COMPANY:

 

BY: /s/ Mansour Khatib

Name: Mansour Khatib

Title: Interim CEO

 

THE INDEMNITEE:

 

/s/ Eva Bitter

Eva BitterExhibit 10.11

 

EXECUTION VERSION

 

INCREMENTAL JOINDER TO
 AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT

 

This INCREMENTAL JOINDER TO AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT, dated as of November 10, 2016 (this “Agreement”), is entered into by and among (a) Focus Financial Partners, LLC (the “Company”), a Delaware limited liability company, (b) the Incremental Revolving Lender (as defined below) and (c) Bank of America, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”).

 

WHEREAS, the Company, certain Subsidiaries of the Company party thereto from time to time pursuant to Section 2.14 thereof (each a “Designated Borrower” and, together with the Company, collectively, the “Borrowers” and each individually a “Borrower”), each lender from time to time party thereto (collectively with the Incremental Revolving Lender, the “Lenders” and each individually, a “Lender”), and the Administrative Agent are parties to that certain Amended and Restated Revolving Credit and Term Loan Agreement, dated as of December 10, 2013 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Credit Agreement”; capitalized terms used but not otherwise defined herein shall have the same meanings ascribed to them in the Credit Agreement);

 

WHEREAS, Regions Bank (the “Incremental Revolving Lender”) desires to join the Credit Agreement as a “Lender” thereunder;

 

WHEREAS, the Company has requested an increase in the Revolving Commitments of $35,000,000 (such increased Revolving Commitments, the “Incremental Revolving Commitments”);

 

WHEREAS, after giving effect to the Incremental Revolving Commitments, the aggregate Revolving Commitments shall total $650,000,000;

 

WHEREAS, the Incremental Revolving Lender (as defined below) has agreed to provide an Incremental Revolving Commitment, subject to the terms and conditions set forth herein; and

 

NOW, THEREFORE, the Administrative Agent and the undersigned Lenders have agreed, subject to the terms and conditions set forth herein, to amend certain terms and provisions of the Credit Agreement each as described below:

 

§1.                         Terms of the Incremental Revolving Commitments.  Pursuant to Section 2.16(a) of the Credit Agreement, the Incremental Revolving Lender with its Incremental Revolving Commitment provided for under column (a) of Schedule 2.01 attached hereto as Exhibit A agrees to provide Incremental Revolving Commitments in the amount set forth opposite its name under such column, and such Incremental Revolving Commitments shall be added to and constitute a part of the Revolving Commitments for all purposes of the Credit Agreement and the Loan Documents, having the same terms and conditions applicable to the existing Revolving Commitments as set forth in the Loan Documents.  On the Incremental Effective Date (as defined below), the Revolving Loans shall be adjusted pursuant to Section 2.16(g) of the Credit Agreement.

 

§2.                         Joinder of Incremental Revolving Lender.  The Incremental Revolving Lender, by its signature below, confirms that it has agreed to become a “Lender” under, and as defined in, the Credit Agreement with a Revolving Commitment as set forth on Schedule 2.01 attached hereto as Exhibit A, effective on the date hereof upon the satisfaction of the conditions set forth in Section 4 hereof.  The Incremental Revolving Lender (a) acknowledges that in connection with it becoming a Lender it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements delivered by the Company pursuant to the Credit Agreement, and

 

 

such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to become a Lender; and (b) agrees that, upon it becoming a Lender on the date hereof, it will, independently and without reliance upon the Administrative Agent, the L/C Issuer, the Swing Line Lender or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.  In addition, the Incremental Revolving Lender represents and warrants that (i) it is duly organized and existing and it has full power and authority to take, and has taken, all action necessary to execute and deliver this Agreement and to consummate the transactions contemplated hereby and to become a Lender on the date hereof; (ii) such Incremental Revolving Lender is, on the date hereof, an Eligible Assignee; and (iii) no notices to, or consents, authorizations or approvals of, any Person are required (other than any already given or obtained) for its due execution and delivery of this Agreement or the performance of its obligations hereunder or as a Lender under the Credit Agreement as of the date hereof.  The Incremental Revolving Lender agrees to execute and deliver such other instruments, and take such other actions, as the Administrative Agent or any Loan Party may reasonably request in connection with the transactions contemplated by this Agreement (including, without limitation, delivering to the Administrative Agent, on or prior to the date hereof, an Administrative Questionnaire for such Incremental Revolving Lender).  The Company, the Administrative Agent and the Incremental Revolving Lender acknowledges and agrees that, on the date hereof, the Incremental Revolving Lender shall become a Lender and, from and after such date the Incremental Revolving Lender will have all rights as a Lender under the Loan Documents.  The Incremental Revolving Lender acknowledges and agrees that from and after the date hereof such Incremental Revolving Lender (x) will be bound by the terms of the Credit Agreement as fully and to the same extent as if such Incremental Revolving Lender were an original Lender under the Credit Agreement and (y) will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

 

§3.                         Commitment Increase and Allocations.  Upon the Incremental Effective Date, (a) Schedule 2.01 (Applicable Percentages) to the Credit Agreement shall be automatically replaced by Schedule 2.01 (Applicable Percentages) attached hereto as Exhibit A to reflect the Incremental Revolving Commitments of the Incremental Revolving Lender and (b) the aggregate Revolving Commitments shall be automatically increased by the amount of the Incremental Revolving Commitments.

 

§4.                         Conditions.  The effectiveness of this Agreement is subject to the satisfaction of the following conditions precedent (the date such conditions are satisfied, the “Incremental Effective Date”):

 

(a)                                 the Administrative Agent shall have received this Agreement duly executed by the Company and the Incremental Revolving Lender; and

 

(b)                                 the Administrative Agent shall have received a certificate of a Responsible Officer of (A) the Company certifying as to the satisfaction of the conditions set forth in Sections 2.16(c)(i)(A) and (B) of the Credit Agreement; and (B) each Loan Party certifying and attaching the resolutions adopted by such Loan Party approving and consenting to this Agreement and the Incremental Revolving Commitments, in each case, in form and substance reasonably satisfactory to the Administrative Agent and the Incremental Revolving Lender.

 

§5.                         Representations and Warranties.  The Company hereby represents and warrants as follows:

 

(a)                                 Representations and Warranties in Credit Agreement.  The representations and warranties of the Company contained in Article 5 of the Credit Agreement and the other Loan Documents

 

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are true and correct in all material respects (except for representations and warranties that are already qualified as to materiality, which are instead true and correct in all respects) on and as of the date hereof, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (except for representations and warranties that are already qualified as to materiality, which are instead true and correct in all respects) as of such earlier date.

 

(b)                                 Authority, No Conflicts, Etc. The execution, delivery and performance of this Agreement and all related documents and the consummation of the transactions contemplated hereby and thereby (i) are within the corporate (or the equivalent company) authority of the Company and its Subsidiaries, (ii) have been duly authorized by all necessary corporate (or the equivalent company) proceedings, (iii) do not and will not conflict with or result in any breach or contravention of any provision of law, statute, rule or regulation to which the Company or any of its Subsidiaries is subject or any judgment, order, writ, injunction, license or permit applicable to the Company or any of its Subsidiaries and (iv) do not conflict with any provision of the Organization Documents of, or any other agreement or other instrument binding upon, the Company or any of its Subsidiaries.

 

(c)                                  Enforceability of Obligations.  This Agreement and the Credit Agreement as amended hereby constitute the legal, valid and binding obligations of the Company and each of its Subsidiaries party thereto, enforceable against the Company and each of its Subsidiaries party thereto, in accordance with their respective terms, except as limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium, or other laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in equity or at law) and an implied covenant of good faith and fair dealing, and except to the extent that availability of the remedy of specific performance or injunctive relief is subject to the discretion of the court before which any proceeding therefore may be brought.

 

§6.                         No Other Amendments or Waivers.  Except as expressly provided in this Agreement, all of the terms, conditions and provisions of the Credit Agreement and the other Loan Documents shall remain the same.  It is declared and agreed by each of the parties hereto that the Credit Agreement, as amended hereby, shall continue in full force and effect, and that this Agreement and the Credit Agreement shall be read and construed as one instrument.

 

§7.                         Execution in Counterparts.  This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Agreement by facsimile or other electronic imaging means (e.g. “pdf’ or “tif’) shall be effective as delivery of a manually executed counterpart of this Agreement.

 

§8.                         Governing Law.  THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES (OTHER THAN SECTION 5-1401 AND SECTION 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).

 

§9.                         Headings, etc.  Headings or captions used in this Agreement are for convenience of reference only and shall not define or limit the provisions hereof.  This Agreement shall constitute a “Loan Document” under the Credit Agreement.

 

§10.                  Expenses.  The Company agrees to pay to the Administrative Agent, on demand by the Administrative Agent, all reasonable out-of-pocket costs and expenses incurred or sustained by the

 

3

 

Administrative Agent in connection with the preparation of this Agreement (including Attorney Costs of Morgan, Lewis & Bockius LLP).

 

4

 

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

 

	
 
    	
 
    
	
 
    	
FOCUS FINANCIAL PARTNERS, LLC,
    
	
 
    	
as Company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ James Shanahan
    
	
 
    	
 
    	
Name: James Shanahan
    
	
 
    	
 
    	
Title: Chief Financial   Officer
    

 

Signature Page to Incremental Joinder

 

 

	
 
    	
BANK OF AMERICA, N.A.,
    
	
 
    	
as Administrative Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Chris Busconi
    
	
 
    	
 
    	
Name: Chris Busconi
    
	
 
    	
 
    	
Title: SVP
    

 

Signature Page to Incremental Joinder

 

 

	
 
    	
REGIONS BANK,
    
	
 
    	
as Incremental   Revolving Lender
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Peter Wesemeier
    
	
 
    	
Name:
    	
Peter Wesemeier
    
	
 
    	
Title:
    	
Managing Director
    

 

Signature Page to Incremental Joinder

 

 

EXHIBIT A

 

Schedule 2.01

Commitments and Applicable Percentages

 

	
 
    	
 
    	
Revolving Commitment
    	
 
    	
Term Loan Outstandings
    	
 
    	
Aggregate Amount
    	
 
    
	
 
    	
 
    	
(a)
    	
 
    	
(b)
    	
 
    	
(c)
    	
 
    	
(d)
    	
 
    	
(e)
    	
 
    	
(f)
    	
 
    	
(g)
    	
 
    	
(h)
    	
 
    	
(i)
    	
 
    
	
Lender
    	
 
    	
Revolving
   Commitment
   (after giving
   effect to
   Incremental
   Joinder)
    	
 
    	
Applicable
   Percentage
   for
   Revolving
   Commitments
    	
 
    	
Initial Term
   Loan
   Outstanding
    	
 
    	
Third
   Amendment
   Incremental Term
   Loan Outstanding
    	
 
    	
Term Loan
   Principal
   Outstanding
    	
 
    	
Applicable
   Percentage
   for
   Term
   Loan
   Outstanding
    	
 
    	
Revolving
   Commitment plus
   Term Loan Principal
   Outstanding (after
   giving effect to
   Incremental Joinder)
    	
 
    	
Aggregate
   Increase or
   Decrease (after
   giving effect to
   Incremental
   Joinder)
    	
 
    	
New Total Applicable
   Percentage
    	
 
    
	
Bank of America, N.A.
    	
 
    	
$
    	
95,880,096.00
    	
 
    	
14.75
    	
%
    	
$
    	
6,629,217.38
    	
 
    	
$
    	
15,461,629.95
    	
 
    	
$
    	
22,090,847.33
    	
 
    	
13.62
    	
%
    	
$
    	
117,970,943.33
    	
 
    	
$
    	
0.00
    	
 
    	
14.52
    	
%
    
	
The Bank of Tokyo-Mitsubishi, UFJ, LTD
    	
 
    	
$
    	
70,091,667.00
    	
 
    	
10.78
    	
%
    	
$
    	
4,520,833.02
    	
 
    	
$
    	
11,250,000.45
    	
 
    	
$
    	
15,770,833.47
    	
 
    	
9.72
    	
%
    	
$
    	
85,862,500.47
    	
 
    	
$
    	
0.00
    	
 
    	
10.57
    	
%
    
	
Comerica Bank
    	
 
    	
$
    	
11,250,000.00
    	
 
    	
1.73
    	
%
    	
$
    	
3,281,250.00
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
3,281,250.00
    	
 
    	
2.02
    	
%
    	
$
    	
14,531,250.00
    	
 
    	
$
    	
0.00
    	
 
    	
1.79
    	
%
    
	
Fifth Third Bank
    	
 
    	
$
    	
53,875,000.00
    	
 
    	
8.29
    	
%
    	
$
    	
10,937,500.00
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
10,937,500.00
    	
 
    	
6.74
    	
%
    	
$
    	
64,812,500.00
    	
 
    	
$
    	
0.00
    	
 
    	
7.98
    	
%
    
	
Firstbank Florida
    	
 
    	
$
    	
0.00
    	
 
    	
0.00
    	
%
    	
$
    	
17,960,526.31
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
17,960,526.31
    	
 
    	
11.07
    	
%
    	
$
    	
17,960,526.31
    	
 
    	
$
    	
0.00
    	
 
    	
2.21
    	
%
    
	
The Huntington National Bank
    	
 
    	
$
    	
22,750,000.00
    	
 
    	
3.50
    	
%
    	
$
    	
4,375,000.00
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
4,375,000.00
    	
 
    	
2.70
    	
%
    	
$
    	
27,125,000.00
    	
 
    	
$
    	
0.00
    	
 
    	
3.34
    	
%
    
	
Goldman Sachs Bank USA
    	
 
    	
$
    	
47,500,000.00
    	
 
    	
7.31
    	
%
    	
$
    	
10,937,500.00
    	
 
    	
$
    	
9,750,000.00
    	
 
    	
$
    	
20,687,500.00
    	
 
    	
12.75
    	
%
    	
$
    	
68,187,500.00
    	
 
    	
$
    	
0.00
    	
 
    	
8.39
    	
%
    
	
SunTrust Bank
    	
 
    	
$
    	
84,922,468.00
    	
 
    	
13.06
    	
%
    	
$
    	
14,218,750.00
    	
 
    	
$
    	
9,750,000.00
    	
 
    	
$
    	
23,968,750.00
    	
 
    	
14.77
    	
%
    	
$
    	
108,891,218.00
    	
 
    	
$
    	
0.00
    	
 
    	
13.41
    	
%
    
	
U.S. Bank, N.A.
    	
 
    	
$
    	
22,500,000.00
    	
 
    	
3.46
    	
%
    	
$
    	
6,562,500.00
    	
 
    	
$
    	
3,412,500.00
    	
 
    	
$
    	
9,975,000.00
    	
 
    	
6.15
    	
%
    	
$
    	
32,475,000.00
    	
 
    	
$
    	
0.00
    	
 
    	
4.00
    	
%
    
	
BMO Harris Bank N.A.
    	
 
    	
$
    	
95,000,000.00
    	
 
    	
14.62
    	
%
    	
$
    	
0.00
    	
 
    	
$
    	
14,250,000.38
    	
 
    	
$
    	
14,250,000.38
    	
 
    	
8.78
    	
%
    	
$
    	
109,250,000.38
    	
 
    	
$
    	
0.00
    	
 
    	
13.45
    	
%
    
	
Citizens Bank, N.A.
    	
 
    	
$
    	
34,153,846.00
    	
 
    	
5.25
    	
%
    	
$
    	
5,384,615.52
    	
 
    	
$
    	
5,999,999.85
    	
 
    	
$
    	
11,384,615.37
    	
 
    	
7.02
    	
%
    	
$
    	
45,538,461.37
    	
 
    	
$
    	
0.00
    	
 
    	
5.61
    	
%
    
	
BankUnited, N.A.
    	
 
    	
$
    	
17,076,923.00
    	
 
    	
2.63
    	
%
    	
$
    	
2,692,307.76
    	
 
    	
$
    	
4,875,000.00
    	
 
    	
$
    	
7,567,307.76
    	
 
    	
4.66
    	
%
    	
$
    	
24,644,230.76
    	
 
    	
$
    	
0.00
    	
 
    	
3.03
    	
%
    
	
Banc of California, N.A.
    	
 
    	
$
    	
60,000,000.00
    	
 
    	
9.23
    	
%
    	
$
    	
0.00
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
0.00
    	
 
    	
0.00
    	
%
    	
$
    	
60,000,000.00
    	
 
    	
$
    	
0.00
    	
 
    	
7.39
    	
%
    
	
Regions Bank
    	
 
    	
$
    	
35,000,000.00
    	
 
    	
5.38
    	
%
    	
$
    	
0.00
    	
 
    	
$
    	
0.00
    	
 
    	
$
    	
0.00
    	
 
    	
0.00
    	
%
    	
$
    	
35,000,000.00
    	
 
    	
$
    	
35,000,000.00
    	
 
    	
4.31
    	
%
    
	
Totals
    	
 
    	
$
    	
650,000,000.00
    	
 
    	
100.00
    	
%
    	
$
    	
87,500,000.00
    	
 
    	
$
    	
74,749,130.63
    	
 
    	
$
    	
162,249,130.63
    	
 
    	
100.00
    	
%
    	
$
    	
812,249,130.63
    	
 
    	
$
    	
35,000,000.00
    	
 
    	
100.00
    	
%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}]]