Document:

Exhibit

Exhibit 10.1

RESTRICTED STOCK UNIT AGREEMENT PURSUANT TO THE 
ARES COMMERCIAL REAL ESTATE CORPORATION 
AMENDED & RESTATED 2012 EQUITY INCENTIVE PLAN
THIS AGREEMENT (this “Agreement”) is entered into as of [●] between Ares Commercial Real Estate Corporation, a Maryland corporation (the “Company”) and the Person specified in Section 1 of this Agreement (the “Participant”).  Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Ares Commercial Real Estate Corporation Amended and Restated 2012 Equity Incentive Plan (as amended and restated from time to time, the “Plan”).
W I T N E S S E T H
WHEREAS, the Company has adopted the Plan, a copy of which, as in effect on the date hereof, has been delivered to the Participant, which is administered by the Committee;
WHEREAS, pursuant to Section 4 of the Plan, the Committee may grant Restricted Stock Units to Eligible Persons; and
WHEREAS, the Participant is an Eligible Person under the Plan.
NOW, THEREFORE, the parties agree as follows:
1.Grant of Restricted Stock Units.  Subject in all respects to the Plan and the terms and conditions set forth herein and therein, effective on the Grant Date specified in this Section 1 (the “Grant Date”), the Company hereby awards to the Participant the right to receive the number of shares of Common Stock specified in this Section 1 (the “Restricted Stock Units”).  Each Restricted Stock Unit represents an unfunded, unsecured right to receive a share of Common Stock on the Payment Date(s) specified in Section 2(d) hereof. 
	
		
	Name:
	 

	Number of Shares subject to Restricted Stock Units:
	 

	Grant Date:
	 

2.    Vesting and Payment.
(a)    Vesting.  The Restricted Stock Units granted pursuant to Section 1 hereof shall vest in [●] equal installments on the first day of the quarter during which each of the [●] anniversaries of the Grant Date occurs (the “Vesting Dates”); provided that the Participant has not incurred a Termination of Service prior to the applicable Vesting Date. There shall be no proportionate or partial vesting in the periods between the Vesting Dates.

(b)    Forfeiture.  Except as expressly provided in Section 2(c) below, the Participant shall forfeit to the Company, without compensation, any and all unvested Restricted Stock Units upon the Participant’s Termination of Service for any reason.
(c)    Acceleration.
		
	(i)
	If either the Participant incurs a Termination of Service due to death or Disability, 100% of the Restricted Stock Units unvested as of the date of such Termination of Service or Change of Manager Event, as applicable, shall vest on such date, which shall be a Vesting Date.

		
	(ii)
	If, the Participant incurs a Termination of Service due to the termination of Participant’s employment with Ares Operations LLC by Ares Operations LLC without Cause (as defined below), any unvested portion of the Restricted Stock Units scheduled to vest during the twelve (12) months immediately following the date of such Termination of Service shall vest on such Termination of Service, which shall be a Vesting Date.

		
	(iii)
	For purposes of this Agreement:

[(a)      "Change of Manager Event" means Ares Management Corporation or any of its Affiliates ceases to be the manager of the Company or a sale of the Manager (as defined in the Plan) (including a sale of more than 50% of the ownership interests or substantially all of the business or assets of the Manager) to an unrelated third party, except that the termination of the Management Agreement, dated April 25, 2012, as amended, between the Company and Ares Commercial Real Estate Management LLC (the Management Agreement) by action of the Manager (other than as a result of the breach by the Company) or the Company for cause under the Management Agreement shall not constitute a Change of Manager Event and the Participant shall forfeit to the Company, without compensation, any and all unvested Restricted Stock Units, unless the Committee permits the Participant to retain or vest in the Restricted Stock Units notwithstanding such termination.]
[(b)]     “Cause” shall have the meaning set forth in the Ares Management Corporation Second Amended & Restated 2014 Equity Incentive Plan, as such plan may be amended or restated from time to time (the “Ares Equity Plan”). Notwithstanding anything herein to the contrary, if the Participant’s employment or service with Ares Operations LLC is terminated for Cause (as defined under the Ares Equity Plan), the Participant shall automatically be deemed to have incurred a Termination of Service for Cause hereunder.

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(d)    Payment.   Subject to Section 6 of this Agreement, the Company shall, as soon as reasonably practicable following a Vesting Date (and in no event later than March 15th of the calendar year following the calendar year in which the applicable Vesting Date occurs) (each, a “Payment Date”), deliver (or cause to be delivered) to the Participant one share of Common Stock with respect to each vested Restricted Stock Unit, as settlement of such Restricted Stock Unit and each such Restricted Stock Unit shall thereafter be cancelled.
3.    Dividend Equivalents.  With respect to ordinary cash dividends in respect of shares of Common Stock covered by any outstanding Restricted Stock Units, Participant will have the right to receive an amount in cash equal to (i) the amount of any ordinary cash dividend paid with respect to a share of Common Stock, multiplied by (ii) the number of shares of Common Stock covered by such Restricted Stock Units, payable within sixty (60) days after such dividend is paid to holders of shares of Common Stock generally, and in no event later than the Payment Date of the Restricted Stock Unit to which such cash amount relates (a “Dividend Equivalent Payment”), in each case subject to Section 6 of this Agreement.  In no event shall a Dividend Equivalent Payment be made that would result in Participant receiving both the Dividend Equivalent Payment and the actual dividend with respect to a Restricted Stock Unit and the corresponding share of Common Stock.
4.    Restricted Stock Unit Transfer Restrictions.  Unless otherwise determined by the Committee, Restricted Stock Units may not be directly or indirectly transferred, sold, assigned, pledged, hypothecated, encumbered or otherwise disposed of whether for value or for no value and whether voluntarily or involuntarily (including by operation of law) by the Participant (a “Transfer”) other than by will or by the laws of descent and distribution, and any other purported Transfer shall be void and unenforceable against the Company and its Affiliates.
5.    Rights as a Stockholder.  The Participant shall have no rights as a stockholder with respect to shares of Common Stock covered by Restricted Stock Units.
6.    Withholding.  The Participant hereby authorizes the Company or an Affiliate thereof to which the Participant provides services, to satisfy applicable income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items (“Tax-Related Items”), with respect to any issuance, transfer, or other taxable event under this Agreement or the Plan by withholding from the proceeds of the sale of shares of Common Stock acquired upon settlement of the Restricted Stock Units either through a voluntary sale authorized by the Company or through a mandatory sale arranged by the Company or any of its Affiliates on the Participant’s behalf pursuant to this authorization, to cover the amount of such Tax Related Items.  The Participant further authorizes the Company or the applicable Affiliate to take such action as may be necessary in the opinion of the Company or the applicable Affiliate to withhold from any compensation or other amount owing to the Participant to satisfy all obligations for the payment of such Tax-Related Items. Without limiting the foregoing, the Committee may, from time to time, permit the Participant to make arrangements prior to any Vesting Date described herein to pay the applicable Tax-Related Items in a manner prescribed by the Committee prior to the applicable Vesting Date, including by cash, check, bank draft or money order.  The Participant acknowledges that, regardless of any action taken by the Company or any of its Affiliates the ultimate liability for all Tax-Related Items, is and 

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remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or any of its Affiliates. The Company may refuse to issue or deliver the shares of Common Stock or the proceeds from the sale of shares of Common Stock, if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items. For purposes of this Agreement, “Affiliate” means each of the following: (1) any corporation, limited liability company, partnership, entity, trade or business that is directly or indirectly controlled by the Company (whether by ownership of stock, partnership or membership interests, assets or an equivalent ownership interest or voting interest, through a general partner or manager or by contract); (2) any corporation, limited liability company, partnership, entity, trade or business that directly or indirectly controls the Company (whether by ownership of stock, partnership or membership interests, assets or an equivalent ownership interest or voting interest, through a general partner or manager or by contract); or (3) any corporation, limited liability company, partnership, entity, trade or business that is directly or indirectly under common control with the Company; provided that, unless otherwise determined by the Committee, in any event, no portfolio company in which a fund managed, directly or indirectly, by Ares Management Corporation, has an investment, shall be deemed an Affiliate of the Company.
7.    Rights to Employment or Other Service.  Nothing in the Plan or in this Agreement shall confer on any person any right to continue in the employ or other service of the applicable Participating Company or any of its Affiliates or interfere in any way with the right of the applicable Participating Company or its applicable Affiliate and their respective stockholders to terminate such person’s employment or other service at any time.
8.    Provisions of Plan Control.  This Agreement is subject to all the terms, conditions and provisions of the Plan, and to such rules, regulations and interpretations relating to the Plan as may be adopted by the Committee and as may be in effect from time to time. The Plan is incorporated herein by reference. By signing and returning this Agreement, the Participant acknowledges having received and read a copy of the Plan and agrees to comply with it, this Agreement and all applicable laws and regulations. If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of the Plan, the Plan shall control, and this Agreement shall be deemed to be modified accordingly. This Agreement contains the entire understanding of the parties with respect to the subject matter hereof and supersedes any prior agreements between the Company and the Participant with respect to the subject matter hereof.
9.    Amendment.  The Board or the Committee may at any time and from time to time amend, in whole or in part, any or all of the provisions of this Agreement to comply with any applicable law and may also amend, suspend or terminate this Agreement subject to the terms of the Plan. Except as otherwise provided in the Plan, no amendment, modification or waiver of any of the provisions of this Agreement shall be effective unless in writing by the party against whom it is sought to be enforced.
10.    Notices.  All notices hereunder shall be in writing, and if to the Company or the Committee, shall be delivered to the Board or mailed to its principal office, addressed to the attention of the Board; and if to the Participant, shall be delivered personally, sent by facsimile transmission or mailed to the Participant at the address appearing in the records of the applicable Participating Company.

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11.    Section 409A.  The Restricted Stock Units are intended to comply with or be exempt from the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent; provided, that the Company does not guarantee to the Participant any particular tax treatment of the Restricted Stock Units. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on the Participant by Section 409A of the Code or any damages for failing to comply with Section 409A of the Code. Dividend Equivalent Payments shall be treated separately from the Restricted Stock Units and the rights arising in connection therewith for purposes of the designation of time and form of payments required by Section 409A of the Code. Each payment under this Agreement shall be treated as a separate payment for purposes of Section 409A of the Code. In no event may the Participant, directly or indirectly, designate the calendar year of any payment to be made under this Agreement.
12.    Miscellaneous.
(a)    Except as otherwise expressly provided in this Agreement (including in Section 4 of this Agreement), this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, legal representatives, successors and assigns.
(b)    This Agreement shall be governed and construed in accordance with the laws of Maryland (regardless of the law that might otherwise govern under applicable Maryland principles of conflict of laws). With respect to any suit, action or proceeding (“Proceeding”) arising out of or relating to this Agreement or any transaction contemplated hereby, each of the parties hereto hereby irrevocably submits to the exclusive jurisdiction of (i) the United States District Court for the District of Maryland or (ii) in the event that such court lacks jurisdiction to hear the claim, the state courts of Maryland located in Baltimore, Maryland (the “Selected Courts”), and waives any objection to venue being set in the Selected Courts, whether based on the grounds of forum non conveniens or otherwise, and hereby agrees not to commence any such Proceeding other than before one of the Selected Courts; provided, however, that a party may commence any Proceeding in a court other than a Selected Court solely for the purpose of enforcing an order or judgment issued by one of the Selected Courts.
(c)    EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THE PLAN OR THIS AGREEMENT.
(d)    This Agreement may be executed in one or more counterparts (including by facsimile or electronic transmission), all of which taken together shall constitute one contract. Alternatively, this Agreement may be granted to and accepted by the Participant electronically.
(e)    The failure of any party hereto at any time to require performance or insist on strict compliance by another party of any provision of this Agreement shall not affect the right of such party to require performance of or compliance with that provision, and any waiver by any party of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right under this Agreement.

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(f)    Unless a clear contrary intention appears: (i) the defined terms herein shall apply equally to both the singular and plural forms of such terms; (ii) reference to any Person includes such Person’s successors and assigns but, if applicable, only if such successors and assigns are not prohibited by the Plan or the Agreement, and reference to a Person in a particular capacity excludes such Person in any other capacity or individually; (iii) any pronoun shall include the corresponding masculine, feminine and neuter forms; (iv) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof; (v) reference to any law, rule or regulation means such law, rule or regulation as amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from time to time, including rules and regulations promulgated thereunder, and reference to any section or other provision of any law, rule or regulation means that provision of such law, rule or regulation from time to time in effect and constituting the substantive amendment, modification, codification, replacement or reenactment of such section or other provision; (vi) “hereunder,” “hereof,” “hereto,” and words of similar import shall be deemed references to the Agreement as a whole and not to any particular article, section or other provision hereof; (vii) numbered or lettered articles, sections and subsections herein contained refer to articles, sections and subsections of the Agreement; (viii) “including” (and with correlative meaning “include”) means including without limiting the generality of any description preceding such term; (ix) “or” is used in the inclusive sense of “and/or”; (x) references to documents, instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto; and (xi) reference to dollars or $ shall be deemed to refer to U.S. dollars.

[Signatures are on the following page]

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IN WITNESS WHEREOF, the parties have executed this Agreement on the date and year first above written.
ARES COMMERCIAL REAL ESTATE CORPORATION
    	
		
	By:
	 

	Name:
	 

	Title:
	 

PARTICIPANT

	
		
	 
	 

	Name:
	 

7Exhibit
10.1

 

FIRST
AMENDMENT TO PURCHASE AGREEMENT

 

THIS
FIRST AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”) is made and entered into as of December 30, 2019,
by and among (i) FTE Networks Inc., a Delaware corporation (“Parent”), (ii) US Home Rentals LLC, a Delaware
limited liability company and direct wholly owned subsidiary of Parent (the “Acquisition Sub”) (iii) Alexander
Szkaradek, an individual (“Alex”), (iv) Antoni Szkaradek, an individual (“Antoni”), (v)
VPM Holdings, LLC, a South Carolina limited liability company (“VPM Holdings”), (vi) Kaja 3, LLC, a South Carolina
limited liability company (“Kaja3”), (vii) Kaja 2, LLC, a South Carolina limited liability company (“Kaja2”),
(viii) Kaja, LLC, a South Carolina limited liability company (“Kaja”), (ix) Dobry Holdings Master LLC, a Delaware
limited liability company (“Dobry” and together with Alex, Antoni, VPM Holdings, Kaja3, Kaja2, and Kaja, the
“Equity Sellers”), (x) Vision Property Management, LLC, a South Carolina limited liability company (the “Asset
Seller” and together with the Equity Sellers, the “Sellers”), and (xi) Alexander Szkaradek, in his
capacity as the representative of the Sellers (the “Sellers’ Representative”). Capitalized terms used
herein and not otherwise defined shall have the meaning ascribed to such terms in the Purchase Agreement (as defined below).

 

RECITALS

 

WHEREAS,
the Parties have entered into that certain Purchase Agreement dated as of December 20, 2019 (the “Purchase Agreement”);
and

 

WHEREAS,
pursuant to Section 11.6 of the Purchase Agreement, the Parties desire to amend the Purchase Agreement as per the terms of this
Amendment.

 

AGREEMENT

 

NOW,
THEREFORE, the Parties, in consideration of their mutual covenants and agreements herein set forth, and intending to be legally
bound hereby, do hereby covenant and agree as follows:

 

1.
Amendments.

 

1.1
Section 2.2(b) of the Purchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following:

 

“At
least two (2) Business Days prior to any issuance of Common Stock or Closing Preferred Stock pursuant to this Agreement, the Sellers
shall deliver to Parent a schedule, in a form approved by Parent showing the aggregate number of shares of Common Stock and Preferred
Stock to be issued to each Seller (the “Payment Allocation Schedule”). The Payment Allocation Schedule shall
also include the following information for each Seller (as of the Closing Date): (a) the Seller’s address and (b) the Seller’s
taxpayer identification number.”

 

1.2
Section 2.6(b) of the Purchase Agreement is hereby amended by by inserting “and Section 6.17” after “4.7(b)”.

 

    	 	 	 

    	 

    

 

1.3
Section 6.12 of the Purchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following:

 

“Provided
that the Closing has occurred or is occurring contemporaneously, the Acquisition Sub shall pay to the Sellers, in accordance with
the Payment Allocation Schedule, Nine Million Seven Hundred Fifty Thousand Dollars ($9,750,000) no later than January 31, 2020;
provided that Acquisition Sub may satisfy its obligation under this Section 6.12 by delivery of one or more promissory notes to
Sellers for such amounts.”

 

1.4
Section 6.13 of the Purchase Agreement is hereby amended by deleting the section in its entirety and replacing it with the following:

 

“Within
twenty (20) Business Days of the Closing Date, but in no event prior to January 1, 2020 and provided that Sellers have delivered
the final Payment Allocation Statement and Closing Statement in accordance with Section 2.2(b) and Section 2.4(a), respectively
(each satisfactory to Parent in Parent’s sole discretion), Parent shall issue to Sellers, in accordance with the Payment
Allocation Schedule, (i) Four Million Two Hundred Twenty Two Thousand Four Hundred Seventy Four (4,222,474) shares of Common Stock
(the “Common Stock Consideration”) and (ii) the Closing Preferred Stock minus the Holdback Amount.”

 

1.5
A new section 6.17 shall be added to the Purchase Agreement after Section 6.16 of the Purchase Agreement, which shall read as
follows:

 

“Section
6.17. Common Stock Transfer. If Parent believes a proposed transfer of any of the Common Stock Consideration (a “Proposed
Common Transfer”) without shareholder approval could jeopardize the restoration or retention of Parent’s NYSE
American listing of Parent’s Common Stock, Parent may suspend such Proposed Common Transfer pending the approval of such
Proposed Common Transfer by Parent’s shareholders at the next annual meeting of shareholders.”

 

1.6
Section 7.5(a) of the Purchase Agreement is hereby amended by replacing “$500,000” therein with “$100,000”.

 

2.
Post-Closing Cash Consideration. The Sellers hereby direct Acquisition Sub to make the payments (or deliver promissory
notes in lieu of such payments (any promissory notes so delivered shall be collectively referred to herein as the “Notes”))
set forth in Sections 6.12 of the Purchase Agreement, as amended, to the parties and in the respective amounts set forth on Exhibit
A to this Amendment. Each Seller hereby agrees that payments made (or the delivery of Notes) in accordance with Exhibit
A to this Amendment shall satisfy Parent’s and Acquisition Sub’s obligations with respect to Section 6.12 of the
Purchase Agreement. To the extent Notes are delivered to the Sellers, Parent and Acquisition Sub shall use commercially reasonable
efforts to obtain financing sufficient to pay such Notes in accordance with the terms thereof.

 

    	 	2	 

    	 

    

 

3.
Transaction Expenses. For purposes of Sections 1.4 and 2.4 of the Purchase Agreement, “Transaction Expenses”
shall not include any advisory or other fees, commissions or other payments owed or paid by the Sellers to any Singal Party.

 

4.
Adequate Protection. The Common Stock Consideration and the Closing Preferred Stock shall remain subject to the Sellers’
indemnification obligations under the Purchase Agreement until such shares are transferred in a Qualified Disposition.

 

5.
Miscellaneous.

 

5.1
No Further Amendment. Except as expressly modified by this Amendment, all of the terms, covenants and provisions of the
Purchase Agreement shall continue in full force and effect. In the event of any conflict or ambiguity between the terms, covenants
and provisions of this Amendment and those of the Purchase Agreement as existing prior to this Amendment, the terms, covenants
and provisions of this Amendment shall control.

 

5.2
Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Delaware,
without regard to the conflicts of laws rules of such state.

 

5.3
Successors and Assigns. The provisions of this Amendment shall be binding upon and inure to the benefit of the Parties
and their respective successors and assigns.

 

5.4
Binding Agreement. This Amendment shall be binding upon the heirs, executors, administrators, successors and assigns of
the Parties.

 

5.5
Counterparts; Delivery. This Amendment may be signed in one or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one and the same instrument. Any signed counterpart may be delivered by facsimile or
other form of electronic transmission (e.g., .pdf) with the same legal force and effect for all purposes as delivery of
an originally signed agreement.

 

[Signature
Page Follows]

 

*
* * * *

 

    	 	3	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	 	SELLERS:
	 	 	 
	 	By:	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	 	 
	 	By:	/s/
    Antoni Szkaradek
	 	Name:	Antoni
    Szkaradek
	 	 	 
	 	VPM
    Holdings, LLC
	 	 	 
	 	By:
    	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Manager
	 	 	 
	 	Vision
    Property MAnagement, LLC
	 	 	 
	 	By:
    	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Managing
    Member

 

[Signature
Page to First Amendment to Stock Purchase Agreement]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	 	SELLERS:
	 	 
	 	Kaja,
    LLC
	 	 	 
	 	By:
    	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Managing
    Member
	 	 	 
	 	Kaja
    2, LLC
	 	 	 
	 	By:
    	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Managing
    Member
	 	 	 
	 	Kaja
    3, LLC
	 	 	 
	 	By:
    	/s/
Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Managing
    Member
	 	 	 
	 	DOBRY
    Holdings Master LLC,
	 	 	 
	 	By:	VPM
    Holdings, LLC, its Manager
	 	 	 
	 	By:
    	/s/
    Alexander Szkaradek
	 	Name:	Alexander
    Szkaradek
	 	Title:	Manager

 

[Signature
Page to First Amendment to Stock Purchase Agreement]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	 	SELLERS’
    REPRESENTATIVE:
	 	 	 
	 	By:    	/s/
                                         Alexander Szkaradek                            

	 	Name:	Alexander
    Szkaradek

 

[Signature
Page to First Amendment to Stock Purchase Agreement]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective authorized officers as of the
day and year first above written.

 

	 	PARENT:
	 	 	 
	 	FTE
    NETWORKS INC.
	 	 
	 	By:
    	/s/
    Michael P. Beys
	 	Name:	Michael
    P. Beys
	 	Title:	Interim
    Chief Executive Officer
	 	 	 
	 	ACQUISITION
    SUB:
	 	 	 
	 	US
    HOME RENTALS LLC
	 	 
	 	By:
    	/s/
    Michael P. Beys
	 	Name:	Michael
    P. Beys
	 	Title:	President

 

[Signature
Page to First Amendment to Stock Purchase Agreement]

 

    	 	 	 

    	 

    

 

Exhibit
A

 

Post-Closing
Cash Consideration Payments

 

The
Sellers hereby direct that the payment to be made by Acquisition Sub to Sellers pursuant to Section 6.12(i) of the Purchase Agreement
(as amended by this Amendment) shall be made in cash or by the delivery of Notes to the following persons in the amounts set forth
opposite each such person’s name:

 

	Payment Recipient	 	Amount	 
	 	 	 	 
	Alexander Szkaradek	 	$	4,875,000	 
	 	 	 	 	 
	Antoni Szkaradek	 	$	4,875,000

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