Document:

Exhibit
10.1

 

Execution
Version

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

by
and among

 

Verb
Acquisition Co., LLC,

 

the
Sellers listed on Annex A,

 

Steve
Deverall, as Seller Representative, and

 

Ascend
Certification, LLC

 

Dated
as of September 4, 2020

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	Page(s)
	 	 
	ARTICLE
    I Sale and Purchase of Company INterests; Closing	1
	 	 
	1.1    
    Sale and Purchase of Company Interests	1
	1.2     Pre-Closing	1
	1.3    
    Location and Date	2
	1.4    
    Closing Deliveries.	2
	1.5    
    Post-Closing Purchase Price Adjustment.	5
	1.6    
    Seller Representative.	7
	1.7    Withholding
    Taxes	9
	 	 
	ARTICLE
    II Representations And Warranties of the Company	9
	 	 
	2.1    
    Due Organization; Power; Subsidiaries	9
	2.2
        Authorization; No Conflict	10
	2.3    
    Capitalization	11
	2.4    
    Financial Statements	11
	2.5    
    Absence of Changes	12
	2.6    
    Real Property; Encumbrances	14
	2.7    

    Assets	14
	2.8    
    Taxes	15
	2.9    

    Employee Benefit Plans	16
	2.10   Employment Matters	18
	2.11   Compliance; Permits	19
	2.12   Legal Proceedings	20
	2.13   Contracts and Commitments	20
	2.14   Intellectual Property	22
	2.15   Insurance	24
	2.16   Transactions with Affiliates	25
	2.17   Top Customers and Top Vendors	25
	2.18   Brokers and Agents	25
	2.19   No Other Company Representations or Warranties	25
	 	 
	ARTICLE
    III Representations And Warranties of Sellers	26
	 	 
	3.1    
    Matters Relating to Sellers	26
	 	 
	ARTICLE
    IV Representations And Warranties Of Buyer	27
	 	 
	4.1    
    Due Organization; Tax Status	27
	4.2    
    Authorization; No Conflict	27
	4.3    
    Brokers and Agents	28
	4.4    
    Sufficient Funds	28
	4.5    
    Investment Intent; Restricted Securities	28
	4.6    
    Legal Proceedings	28
	4.7    
    No Other Representations and Warranties; Acknowledgment	28

 

    	i

     

    

 

	ARTICLE
    V Covenants	29
	 	 
	5.1    
    Maintenance of Books and Records	29
	5.2    
    Tax Matters	29
	5.3    
    Confidentiality	34
	5.4    
    Further Assurances	34
	5.5    
    Non-Competition and Non-Solicitation	35
	5.6    
    Cooperation in Litigation	36
	5.7    
    Governmental Approvals and Consents	37
	5.8    
    Public Announcements	37
	5.9    
    Release of Claims	37
	5.10   Waiver of Rights	38
	5.11    Supplement to Disclosure Schedules	38
	 	 
	ARTICLE
    VI Indemnification	38
	 	 
	6.1    

    Indemnification by Sellers	38
	6.2    

    Indemnification by Buyer	39
	6.3    

    Limitations on Indemnification Obligations	39
	6.4    

    Survival and Expiration of Representations, Warranties, Covenants and Agreements	40
	6.5    
    Indemnification Procedures	41
	6.6    

    Payment	42
	6.7    
    Obligation to Mitigate	42
	6.8    

    Exclusive Remedy	42
	 	 
	ARTICLE
    VII Definitions	43
	 	 
	7.1    
    Specific Definitions	43
	7.2    

    Accounting Terms	55
	7.3    
    Usage	55
	 	 
	ARTICLE
    VIII General	56
	 	 
	8.1    
    Notices	56
	8.2    

    Entire Agreement	57
	8.3    
    Successors and Assigns	57
	8.4    
    Counterparts	57
	8.5    
    Expenses and Fees	57
	8.6    
    Governing Law	57
	8.7    
    Submission to Jurisdiction	57
	8.8    
    Specific Performance	58
	8.9    
    Severability	58
	8.10  

    Amendment; Waiver	58
	8.11  

    Absence of Third Party Beneficiary Rights	58
	8.12  

    Mutual Drafting	58
	8.13  

    Further Representations	59
	8.14  

    Public Disclosure	59
	8.15  

    Currency	59

 

    	ii

     

    

 

Exhibits:

 

	Exhibit
    A	Membership
    Interest Assignment Agreement
	Exhibit
    B	Buyer
    Operating Agreement
	Exhibit
    C	Form
    of Key Employee Agreement – Steve Deverall
	Exhibit
    D	Form
    of Key Employee Agreement – Dustin Kenyon

 

Schedules:

 

	Schedule
    5.2(a)(ii)	Tax
    Treatment Methodology

 

Disclosure
Schedule

 

    	iii

     

    

 

Execution
Version

 

MEMBERSHIP
INTEREST PURCHASE AGREEMENT

 

THIS
MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of September 4, 2020,
by and among Verb Acquisition Co., LLC, a Nevada limited liability company (“Buyer”), Ascend Certification,
LLC, a Utah limited liability company (the “Company”), the Persons listed on Annex A (individually,
“Seller” and, collectively, “Sellers”), and Steve Deverall solely in his capacity as the
Seller Representative (the “Seller Representative”). Buyer, the Company, each Seller and Seller Representative
may be referred to herein, collectively, as the “Parties” and, individually, as a “Party.”

 

RECITALS

 

WHEREAS,
Sellers own all of the outstanding limited liability company membership interests in the Company (the “Company Interests”);

 

WHEREAS,
Sellers desire to sell to Buyer, and Buyer desires to purchase from Sellers, the Company Interests upon the terms and subject
to the conditions set forth in this Agreement; and

 

WHEREAS,
in connection with the Closing, and as an inducement to Buyer and Sellers to enter into this Agreement, Sellers have entered into
duly executed contribution and exchange agreements (collectively, the “Rollover Agreements”) between each such
Seller and Buyer, pursuant to which immediately prior to Closing Sellers will contribute certain of their Company Interests (the
“Contributed Interests”) to Buyer in exchange for equity interests in Buyer, which shall be valued at the Membership
Interest Rollover Amount (Closing) (as defined below) and be transferred to Sellers at Closing (the “Membership Interest
Rollover”).

 

NOW,
THEREFORE, in consideration of the premises and of the mutual representations, warranties, covenants and agreements herein contained,
and for other good and valuable consideration (the receipt and legal sufficiency of which are hereby acknowledged), the Parties,
intending to be legally bound, hereby agree as follows:

 

ARTICLE
I

Sale and Purchase of Company INterests; Closing

 

1.1
Sale and Purchase of Company Interests. Except as otherwise agreed in writing between Sellers and Buyer, upon the terms
and subject to the conditions hereof, at the Closing, Sellers shall sell, assign, transfer and deliver to Buyer, and Buyer shall
purchase from Sellers, the Company Interests (other than the Contributed Interests) free and clear of all Liens (other than restrictions
on transfer under applicable securities Laws) in exchange for consideration in the aggregate amount of Five Million Seven Hundred
Dollars ($5,700,000) (the “Base Purchase Price”), which shall be adjusted and payable as set forth in Section
1.4(c)(i), and subject to further adjustment pursuant to Section 1.5.

 

1.2
Pre-Closing. No less than one (1) Business Day prior to the Closing Date, the Company and Sellers shall have delivered
to Buyer the following:

 

(a)
pay-off letters duly executed by each Person to whom any Unpaid Company Indebtedness is owed by the Company, including wire transfer
instructions for the payment of such Unpaid Company Indebtedness to each such Person and a release of all Liens with respect to
such Unpaid Company Indebtedness, effective upon the discharge of such Unpaid Company Indebtedness at the Closing;

 

    	 

     

    

 

(b)
wire transfer instructions for the payment and satisfaction of all Unpaid Transaction Expenses owed by the Company to any Person
and appropriate documentation for such Unpaid Transaction Expenses;

 

(c)
wire transfer instructions for payment of the Change of Control Payments to the Company, for further payment to the applicable
employees of the Company;

 

(d)
wire transfer instructions for payment of the Closing Payment to Sellers; and

 

(e)
the Closing Payment Certificate.

 

1.3
Location and Date. The consummation of the transactions contemplated pursuant to this Agreement (the “Closing”)
shall take place by remote exchange of signatures and documents on the date hereof (the “Closing Date”). To
the extent permitted by Law, for Tax and accounting purposes the parties will treat the Closing as being effective as of 12:01
a.m., Pacific Time, on the Closing Date (the “Effective Time”).

 

1.4
Closing Deliveries.

 

(a)
Deliveries by the Seller Representative and Sellers. Upon the terms and subject to the conditions contained herein, at
the Closing, the Seller Representative or Sellers, as applicable, shall deliver, or cause to be delivered, to Buyer the following:

 

(i)
Membership Interest Assignment Agreement. The Membership Interest Assignment Agreement substantially in the form of Exhibit
A assigning and transferring to Buyer all Company Interests (other than the Contributed Interests) to be sold by each Seller
(the “Membership Interest Assignment Agreement”), duly executed by each Seller;

 

(ii)
Operating Agreement. The Amended and Restated Operating Agreement of Buyer, substantially in the form of Exhibit B
(the “Buyer Operating Agreement”), duly executed by each Seller;

 

(iii)
Key Employee Agreements and Offer Letters. The employment agreements, substantially in the forms of Exhibit C and
Exhibit D (each, a “Key Employee Agreement” and collectively, the “Key Employee Agreements”),
duly executed by Steve Deverall and Dustin Kenyon, respectively, and offer letters of employment duly executed by the other current
employees of the Company;

 

(iv)
Rollover Agreements. The Rollover Agreements, duly executed by each Seller;

 

    	2

     

    

 

(v)
FIRPTA Certificates and W-9s. A certificate, in form and substance reasonably satisfactory to Buyer, pursuant to Treasury
Regulation Section 1.1445-2(b), that Sellers are not foreign persons within the meaning of Section 1445 and Section 1446(f)(2)
of the Code, and an executed copy of Internal Revenue Service (“IRS”) Form W-9 from each Seller; and

 

(vi)
Other Documents. All other certificates, documents, instruments and other items required to be delivered by the Company
or any Related Party pursuant to the Transaction Documents or that are reasonably necessary to give effect to the transactions
contemplated hereby or thereby or to vest in Buyer good and valid title in and to the Company Interests free and clear of all
Liens (other than restrictions on transfer under applicable securities Laws).

 

(b)
Deliveries by the Company. Upon the terms and subject to the conditions contained herein, at the Closing, the Company shall
deliver to Buyer the following:

 

(i)
Secretary’s Certificates. A certificate executed by the Secretary of the Company as of the Closing Date certifying
that attached thereto are (A) a true, complete and correct copy of the Organizational Documents of the Company, as in effect on
the Closing Date, and, in the case of Organizational Documents publicly filed in the state of formation of such Person, certified
by an appropriate authority of such state, and (B) true, complete and correct copies of resolutions of the members and the manager
of the Company authorizing the execution, delivery and performance of the Transaction Documents and the transactions contemplated
thereby, which resolutions have not been modified, rescinded or revoked;

 

(ii)
Good Standing Certificates. A certificate issued by the Utah Division of Corporations & Commercial Code and each other
jurisdiction in which the Company is qualified to do business, certifying as of a date no more than seven (7) Business Days prior
to the Closing Date that the Company is in good standing under the Laws of such jurisdiction;

 

(iii)
Resignations. Letters executed as of the Closing Date by any manager, director, officer or employee (or persons holding
comparable positions) of the Company, if and to the extent requested by Buyer, resigning such person’s positions as a manager,
director, officer or employee (or any comparable position) of the Company;

 

(iv)
Termination of Certain Agreements. Agreements executed as of the Closing Date by any Person who is a Member or an Affiliate
of a Member who has an employment agreement, profit sharing agreement, proprietary information and inventions agreement or other
agreement with the Company.

 

(v)
Organizational Documents. The organizational record books, minute books, and seal, if any, of the Company; and

 

    	3

     

    

 

(vi)
Other Documents. All other certificates, documents, instruments and other items required to be delivered by the Company
or any Related Party pursuant to the Transaction Documents or that are reasonably necessary to give effect to the transactions
contemplated hereby or thereby or to vest in Buyer good and valid title in and to the Company Interests free and clear of all
Liens (other than restrictions on transfer under applicable securities Laws).

 

(c)
Deliveries by Buyer. Upon the terms and subject to the conditions contained herein, at the Closing, Buyer shall pay, deposit
or withhold the Base Purchase Price as provided in Section 1.4(c)(i) and shall otherwise deliver to the Seller Representative
or, as applicable, Sellers:

 

(i)
Base Purchase Price. At the Closing, the Base Purchase Price shall be payable, in order, as follows:

 

(A)
Buyer shall withhold from the Base Purchase Price and pay directly to the holders of all Unpaid Company Indebtedness, all sums
necessary and sufficient to fully pay, discharge and satisfy such Unpaid Company Indebtedness in accordance with the pay-off letters
delivered pursuant to Section 1.2(a);

 

(B)
Buyer shall withhold from the Base Purchase Price and pay directly to each Person to whom any Unpaid Transaction Expenses are
owed, all sums necessary and sufficient to fully pay, discharge and satisfy all Unpaid Transaction Expenses in accordance with
the wire transfer instructions and documentation delivered pursuant to Section 1.2(b);

 

(C)
Buyer shall withhold from the Base Purchase Price and pay directly to the Company an amount equal to $300,000, representing the
aggregate amount of the Change of Control Payments, in accordance with the wire transfer instructions delivered pursuant to Section
1.2(c) and then cause the Company to pay the portion of such Change of Control Payments payable to the employee on the Closing
Date, in accordance with the Closing Payment Certificate and the Company’s normal payroll methodology, to the applicable
employee of the Company;

 

(D)
Buyer shall withhold from the Base Purchase Price (1) an amount equal to $175,000, which shall be paid to Ben Mosbarger, Jason
Etherington and Nate Babbel as bonus pursuant to the terms of certain offer letters to be entered into as of the date hereof (such
amount the “Offer Letter Payment”), and (2) an amount equal to $42,750 as employer tax;

 

(E)
Buyer shall withhold from the Base Purchase Price the Membership Interest Rollover Amount (Closing); and

 

(F)
In lieu of a cash payment at Closing, Buyer shall execute and deliver to the Seller Representative for the benefit of Sellers
a promissory note in the principal amount in an aggregate sum equal to (1) the remainder of the Base Purchase Price (taking into
account the adjustments made pursuant to items (A) through (D) above), minus (2) the Membership Interest Rollover Amount
(Closing) (the “Closing Payment”).

 

    	4

     

    

 

(ii)
Operating Agreement. The Buyer Operating Agreement, duly executed by Buyer;

 

(iii)
Key Employee Agreements and Offer Letters. The Key Employee Agreements and offer letters with other current employees of
the Company, duly executed by Parent;

 

(iv)
Rollover Agreements. The Rollover Agreements, duly executed by Buyer;

 

(v)
Membership Interest Rollover Consideration. The Membership Interest Rollover Consideration due at the Closing to Sellers;
and

 

(vi)
Guaranty of Payment Agreement. That certain Guaranty of Payment Agreement dated of even date herewith by Parent for the
benefit of the Seller Representative.

 

1.5
Post-Closing Purchase Price Adjustment.

 

(a)
Within forty-five (45) calendar days after the Closing Date, Buyer shall prepare and deliver to the Seller Representative an unaudited
balance sheet of the Company along with the data and work papers, showing in reasonable detail the Buyer’s good faith calculation
of the Working Capital as of the Effective Time, together with the amount of the Working Capital Adjustment based thereon (collectively,
the “Final Working Capital Statement”).

 

(b)
If the Seller Representative disputes any matter or item set forth in the Final Working Capital Statement, the Seller Representative
may, within thirty (30) days after receipt of the Final Closing Statement, provide to Buyer a written statement of such disputes
(“Notice of Dispute”). During such thirty (30)-day review period and any period of dispute with respect to
the Final Working Capital Statement thereafter, Buyer shall, and shall cause the Company to, (x) provide Seller Representative
and his representatives with reasonable access during normal business hours to the Books and Records of the Company and all working
papers in the Buyer’s or its representative’s possession or control for purposes of their review of the Final Working
Capital Statement and (y) cooperate reasonably with Seller Representative in connection with such review. Buyer and the Seller
Representative shall use good faith efforts to jointly resolve such disputes within thirty (30) days after Buyer’s receipt
of the Notice of Dispute, which resolution, if achieved, shall be binding upon all Parties to this Agreement and not subject to
dispute or judicial review.

 

    	5

     

    

 

(c)
If Buyer and the Seller Representative cannot resolve such disputes to their mutual satisfaction within such thirty (30)-day period,
Buyer and the Seller Representative shall, within the following ten (10) days, jointly engage the Neutral Accountant to review
the Final Working Capital Statement together with the Notice of Dispute and any other relevant documents. The Neutral Accountant
shall calculate the Working Capital using the items included in the Final Working Capital Statement that are not disputed by Buyer
and the Seller Representative and shall make its own determination of any item that is disputed by Buyer and the Seller Representative,
but otherwise in accordance with the provisions of this Agreement; provided, however, that in no event shall any
such determination by the Neutral Accountant for any disputed item be outside the range therefor set forth in the Final Working
Capital Statement and the written Notice of Dispute. The Neutral Accountant shall not be authorized or permitted to apply any
accounting methods, treatments, principles or procedures other than as described in Section 1.5(a). When rendering decisions
with respect to items disputed in the Notice of Dispute, the Neutral Accountant will take into consideration both sides of any
required accounting entry when resolving such disputed item (e.g., a misclassification of outstanding checks between cash and
accounts payable will require adjustment to both accounts, even if cash is the account subject to the Notice of Dispute and accounts
payable is not). The Neutral Accountant shall report its conclusions as to such disputes and its determination of the Working
Capital and the amount of the Working Capital Adjustment based thereon pursuant to this Section 1.5 no later than thirty
(30) days after it is engaged by Buyer and the Seller Representative, which determination shall be conclusive on all Parties to
this Agreement and not subject to further dispute or judicial review. A judgment on the determination made by the Neutral Accountant
pursuant to this Section 1.5 may be entered in and enforced by any court having jurisdiction. If the Neutral Accountant
resolves all of the objections in favor of Buyer, Seller Representative will be responsible for the Neutral Accountant’s
fees and expenses. If the Neutral Accountant resolves all of the objections in favor of Seller Representative, Buyer will be responsible
for the Neutral Accountant’s fees and expenses. If the Neutral Accountant resolves some of the objections in favor of each
of Buyer and Seller Representative, then each of Buyer, on the one hand, and Seller Representative, on the other hand, shall be
responsible for fifty (50%) of the Neutral Accountant’s fees and expenses.

 

(d)
At such time as the Working Capital as of the Effective Time is finalized (such amount being the “Final Working Capital
Amount”), the Base Purchase Price shall be adjusted as follows (and such adjustment shall be referred to herein as the
“Working Capital Adjustment”):

 

(i)
If the Final Working Capital Amount is less than the Target Working Capital, then the amount of such deficiency shall be payable
to Buyer by Seller Representative (on behalf of the Sellers), within three (3) Business Days, after the date of determination
of the Final Working Capital Amount in immediately available funds by wire transfer to such bank account as per the written instructions
of the Company or Buyer.

 

(ii)
If the Final Working Capital Amount is greater than the Target Working Capital, then Buyer shall, within three (3) Business Days
after the date of determination of the Final Working Capital Amount, pay any such excess to the Seller Representative (on behalf
of Sellers, in accordance with each Seller’s Pro Rata Share), in immediately available funds by wire transfer to such bank
account as per the written instructions of the Seller Representative.

 

    	6

     

    

 

(e)
The Parties agree that the procedures set forth in this Section 1.5 shall be the sole and exclusive method for resolving
any disputes with respect to the determination of the Final Closing Adjustment Statement and the Final Working Capital Amount;
provided, however, that this provision shall not prohibit Buyer or the Seller Representative from instituting litigation
to enforce the determination of the Neutral Accountant.

 

1.6
Seller Representative.

 

(a)
By their execution of this Agreement and delivery of their Company Interests and/or their acceptance of any consideration pursuant
to this Agreement, Sellers hereby irrevocably appoint the Seller Representative as the representative, attorney-in-fact and agent
of Sellers in connection with the transactions contemplated by this Agreement and in any litigation or arbitration involving this
Agreement. In connection therewith, the Seller Representative is authorized to do or refrain from doing all further acts and things,
and to execute all such documents as the Seller Representative shall deem necessary or appropriate, and shall have the power and
authority to, in each case, in the name and on behalf of Sellers:

 

(i)
act for Sellers with regard to all matters pertaining to this Agreement;

 

(ii)
act for Sellers to transact matters of litigation or arbitration with regard to all matters pertaining to this Agreement;

 

(iii)
execute and deliver all amendments, waivers, ancillary agreements, certificates and documents that the Seller Representative deems
necessary or appropriate in connection with the consummation of the transactions contemplated by this Agreement (including waiving
any closing conditions on behalf of Sellers or deem any closing condition satisfied);

 

(iv)
receive funds, make payments of funds, and give receipts for funds;

 

(v)
do or refrain from doing, on behalf of Sellers, any further act or deed that the Seller Representative deems necessary or appropriate
in the Seller Representative’s discretion relating to the subject matter of this Agreement as fully and completely as Sellers
could do if personally present;

 

(vi)
give and receive all notices required to be given or received by Sellers under this Agreement;

 

(vii)
agree to, negotiate and/or comply with the determination of the Final Working Capital Statement and the Final Working Capital
Amount pursuant to Section 1.5;

 

(viii)
agree to, negotiate, enter into settlements and compromises and/or comply with arbitration awards and court Orders with respect
to claims for indemnification made by Buyer under Article VI; and

 

    	7

     

    

 

(ix)
receive service of process in connection with any claims under this Agreement.

 

(b)
The Seller Representative shall act for Sellers on all of the matters set forth in this Agreement in the manner the Seller Representative
believes to be in the best interest of Sellers. The Seller Representative is authorized to act on behalf of Sellers notwithstanding
any dispute or disagreement among Sellers. In taking any action as the Seller Representative, the Seller Representative may rely
conclusively, without any further inquiry or investigation, upon any certification or confirmation, oral or written, given by
any Person whom the Seller Representative reasonably believes to be authorized thereunto.

 

(c)
In the event the Seller Representative becomes unable to perform the Seller Representative’s responsibilities hereunder,
Sellers (acting by a written instrument signed by Sellers who held, as of immediately prior to the Closing, a majority (by voting
power) of the then outstanding Company Interests) shall select another representative to fill the vacancy of the Seller Representative,
and such substituted representative shall be deemed to be the Seller Representative for all purposes of this Agreement. The Seller
Representative shall provide Buyer prompt written notice of any replacement of the Seller Representative, including the identity
and address of the new Seller Representative. Upon any replacement of the Seller Representative, if requested by Buyer, the substitute
Seller Representative shall execute a confidentiality agreement in connection with such appointment.

 

(d)
For all purposes of this Agreement:

 

(i)
Buyer shall be entitled to rely conclusively on the instructions and decisions of the Seller Representative as to the settlement
of any disputes or claims under this Agreement, or any other actions required or permitted to be taken by the Seller Representative
hereunder, and no Party shall have any cause of action against Buyer for any action taken by Buyer in reliance upon the instructions
or decisions of the Seller Representative;

 

(ii)
the provisions of this Section 1.6 are independent and severable, are irrevocable and coupled with an interest and shall
be enforceable notwithstanding any rights or remedies that any Seller may have in connection with the transactions contemplated
by this Agreement; and

 

(iii)
this Section 1.6 shall be binding upon the executors, heirs, legal representatives, personal representatives, successor
trustees, assignees and successors of each Seller, and any references in this Agreement to a Seller shall mean and include the
successors to the rights of each applicable Seller hereunder, whether pursuant to testamentary disposition, the Laws of descent
and distribution or otherwise.

 

(e)
Sellers agree that the Seller Representative shall not be liable for any Damages while acting in good faith and in the exercise
of its reasonable judgment and arising out of or in connection with the acceptance or administration of its duties under this
Agreement.

 

    	8

     

    

 

1.7
Withholding Taxes. Buyer (and its Affiliates) shall be entitled to deduct and withhold from amounts otherwise payable by
it pursuant to this Agreement to any Person, such Taxes as it is required to deduct and withhold with respect to the making of
such payment under the Code, or any provision of state, local or foreign Tax Law, and to collect any necessary Tax forms, including
Forms W-8 or W-9, as applicable, or any similar information, from Sellers and any other recipients of payments hereunder. Before
making any such deduction or withholding from amounts otherwise payable pursuant to this Agreement (other than with respect to
amounts treated as compensation and subject to payroll withholding), Buyer shall use commercially reasonable efforts to provide
any Person on behalf of which such deduction or withholding is proposed to be made five (5)-days advance written notice of the
intention to make such deduction or withholding, which notice shall include the basis for the proposed deduction or withholding
under applicable Law and Buyer will reasonably cooperate with any reasonable request from such Person to obtain reduction of or
relief from such deduction or withholding. In the event that any amount is so deducted, withheld and remitted to the appropriate
Governmental Authority, such amount will be treated for all purposes of this Agreement as having been paid to the Person to whom
the payment from which such amount was withheld was made.

 

1.8
Post-Closing Payments and Withholding. On or before October 5, 2020, Buyer shall cause the Company to pay (i) the Offer
Letter Payment and the Change of Control Payments to Dustin Kenyon, Ben Mosbarger, Jason Etherington and Nate Babbel, as applicable
(subject to any withholding taxes under applicable law thereon), and (ii) any applicable withholding taxes arising from the receipt
by Ben Mosbarger, Jason Etherington and Nate Babbel of their pro rata portion of the Membership Interest Rollover Amounts (Closing),
or the equity granted to them in the Company that they are exchanging for such rollover amounts (the “Equity Compensation”),
in each case in accordance with the Company’s normal payroll practice. Buyer shall cause the Company to remit any such withholding
taxes to the appropriate Governmental Authority. Notwithstanding any other provision herein to the contrary, Buyer shall indemnify
and hold harmless the Company and the Sellers for any failure by the Company to properly withhold taxes attributable to Offer
Letter Payment, the Change of Control Payment, and the Equity Compensation.

 

ARTICLE
II

Representations
And Warranties

of
the Company

 

To
induce Buyer to enter into the Transaction Documents and consummate the transactions contemplated thereby, the Company makes the
following representations and warranties to Buyer as of the date of this Agreement, except as disclosed by the Company in the
written Disclosure Schedule provided to Buyer dated the date of this Agreement (the “Disclosure Schedule”),
which shall be arranged in sections and subsections corresponding to the numbered and lettered sections and subsections contained
in this Article II.

 

    	9

     

    

 

2.1
Due Organization; Power; Subsidiaries. The Company is a limited liability company duly organized, validly existing and
in good standing under the Laws of the state of Utah. Section 2.1 of the Disclosure Schedule sets forth a correct and complete
list of (a) any name under which the Company has done, or is doing, business and (b) each jurisdiction in which the Company is
qualified to do business. The Company has all necessary limited liability company power and authority to carry on its business
as is currently conducted. The Company is duly licensed or qualified to do business and is in good standing in each jurisdiction
in which the operation of its business as currently conducted makes such licensing or qualification necessary, except where the
failure to be registered or qualified can be cured without material cost or expense and would not have a Material Adverse Effect
on the Company. The Company does not own or have any interest in any shares or have any ownership interest in any other Person.

 

2.2
Authorization; No Conflict.

 

(a)
The Company has full limited liability company power and authority to enter into this Agreement and the Transaction Documents
to which it is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated
hereby and thereby. The execution and delivery by the Company of this Agreement and the Transaction Documents to which it is a
party, the performance by the Company of its obligations hereunder and thereunder and the consummation by the Company of the transactions
contemplated hereby and thereby have been duly authorized by all requisite limited liability company action on the part of the
Company, and (assuming due authorization, execution and delivery by Buyer) constitutes, or upon such delivery constitutes, a legal,
valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally
and by general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity) (the “Enforcement
Exceptions”).

 

(b)
Except as set forth on Section 2.2(b) of the Disclosure Schedule, the execution, delivery and performance of the Transaction Documents
by the Company, and the consummation of the transactions contemplated thereby, do not and will not, with or without notice, lapse
of time or both: (i) conflict with or result in a breach or violation of the Organizational Documents of the Company; (ii) violate
any law to which the Company or any assets owned or used by the Company is subject; (iii) require any consent, waiver, approval,
declaration or authorization of, or notice to or filing with, any Governmental Authority; (iv) result in the imposition of any
Lien upon any asset owned or used by the Company; or (v) violate, conflict with, result in a breach of, constitute a default under,
result in the acceleration of or give any Person the right to accelerate the maturity or performance of, or to cancel, terminate,
modify or exercise any remedy under, result in any loss of benefit under or require any consent, waiver, approval, notice, filing,
declaration or authorization under, any Material Contract or Material Permit to which the Company is a party or by which the Company
is bound or to which any asset of the Company is subject or under which the Company has any rights or the performance of which
is guaranteed by the Company.

 

    	10

     

    

 

2.3
Capitalization.

 

(a)
Section 2.3(a) of the Disclosure Schedule sets forth a correct and complete list of (i) the limited liability company interests
of the Company, and (ii) the number (and class) of issued and outstanding limited liability company interests or other equity
securities of the Company and all holders thereof. All outstanding limited liability company interests of the Company have been
duly authorized and validly issued, are fully paid and nonassessable, were offered, issued, sold and delivered in compliance with
all applicable Laws governing the issuance of securities and were not issued in violation of (or subject to) any preemptive rights
(including any preemptive rights set forth in the Organizational Documents of the Company), rights of first refusal or similar
rights. Except as set forth on Section 2.3(a) of the Disclosure Schedule, there are no options, warrants, equity securities, calls,
rights, commitments or agreements to which the Company is a party or by which the Company is bound obligating the Company to issue,
exchange, transfer, deliver or sell, or cause to be issued, exchanged, transferred, delivered or sold, additional limited liability
company interests or other Equity Interests of the Company or any security or rights convertible into or exchangeable or exercisable
for any such limited liability company interests or other Equity Interests.

 

(b)
The Company is not a participant in any joint venture, partnership, limited liability company, trust, association or other non-corporate
entity.

 

2.4
Financial Statements.

 

(a)
Attached to Section 2.4(a) of the Disclosure Schedule are true, correct and complete copies of the following (collectively, the
“Financial Statements”): (i) the Company’s unaudited financial statements consisting of the balance sheet
as of December 31 in each of the years 2019 and 2018 and the related statements of income, statements of members’ equity
and statements of cash flows and for the years then ended, respectively; and (ii) the Company’s unaudited balance sheet
as of June 30, 2020 (the “Interim Balance Sheet” and the date thereof, the “Interim Balance Sheet
Date”) and the related statement of income and statement of cash flows for the six (6) months then ended. Each of the
Financial Statements have been prepared from, and are in accordance with the Books and Records of the Company, are true and correct
in all material respects, and such Financial Statements fairly present in all material respects the financial condition of the
Company as of the respective dates they were prepared and the results of the operations of the Company for the periods indicated,
and were prepared in accordance with the Company’s past practices.

 

(b)
The Company is not liable for or subject to any Liability that is required by GAAP to be reflected or reserved against in a balance
sheet, except for (i) Liabilities reflected on the Interim Balance Sheet and not previously paid or discharged, (ii) Liabilities
incurred since the Interim Balance Sheet Date in the ordinary course of business, (iii) Liabilities that are not material in amount,
(iv) forward-looking obligations to be performed after the Closing under any Contracts of the Company, (v) those Liabilities incurred
in connection with this Agreement and the consummation of the transactions contemplated hereby, and (vi) those Liabilities set
forth on Section 2.4(b) of the Disclosure Schedule.

 

    	11

     

    

 

(c)
The Company has (i) properly and validly obtained and has complied with all applicable Laws with respect to its PPP Loan (the
“Company PPP Loan”), and (ii) properly utilized (and documented the utilization of) the proceeds from the Company
PPP Loan in accordance with all applicable Laws.

 

2.5
Absence of Changes. Except as set forth on Section 2.5 of the Disclosure Schedule, since the Interim Balance Sheet Date,
the Company has conducted its business only in the Ordinary Course of Business, and there has not been, with respect to the Company,
any:

 

(a)
changes in the Company’s equity securities;

 

(b)
grant of any option or right to purchase or obtain (including upon conversion, exchange or exercise) any of the Company’s
equity securities;

 

(c)
issuance of any security convertible into equity securities of the Company;

 

(d)
grant of any registration or similar rights with respect to the equity securities of the Company;

 

(e)
purchase, redemption, retirement or other acquisition by the Company of any of its securities;

 

(f)
declaration or payment of any dividend or other distribution in respect of the Company’s equity securities;

 

(g)
amendment to the Company LLC Agreement;

 

(h)
grant of any bonuses, whether monetary or otherwise, or increase in any wages, salary, severance, pension or other compensation
or benefits in respect of the Company’s employees, officers, directors, independent contractors or consultants, other than
in the Ordinary Course of Business or as provided for in any written agreement or Benefit Plan or as required by applicable Law;

 

(i)
material change in the terms of employment for any employee of the Company or any termination of any employees of the Company
other than in the Ordinary Course of Business or as provided for in any written agreement (including this Agreement) or Benefit
Plan or as required by applicable Law;

 

(j)
action to accelerate the vesting or payment of any compensation or benefit for any employee, officer, director, independent contractor
or consultant of the Company other than in the Ordinary Course of Business or as provided for in any written agreement (including
this Agreement) or Benefit Plan or as required by applicable Law;

 

(k)
adoption, modification, or termination of any employment, severance, retention or similar Contract or agreement with any current
or former director, officer (or individual holding similar authority) or employee of the Company, other than in the Ordinary Course
of Business or as provided for in any written agreement or as required by applicable Law;

 

    	12

     

    

 

(l)
adoption, modification or termination of any Benefit Plan, other than as required by applicable Law or any existing Benefit Plan
or this Agreement, or collective bargaining or other agreement by the Company, in each case, with a union, works council or labor
organization;

 

(m)
material damage to or destruction or loss of any material asset or property of the Company, whether or not covered by insurance;

 

(n)
material change in the Company’s cash management practices, accounting methods or accounting practices;

 

(o)
material asset of the Company sold, disposed of, leased, licensed, assigned or transferred, except in the Ordinary Course of Business;

 

(p)
entry by the Company into any Contract that would constitute a Material Contract;

 

(q)
incurrence, assumption or guarantee by the Company of any Indebtedness except unsecured current obligations and Liabilities incurred
in the Ordinary Course of Business;

 

(r)
cancellation of any material debts or entitlements;

 

(s)
transfer, assignment or grant by the Company, outside the Ordinary Course of Business, of any license or sublicense of any material
rights under or with respect to any Intellectual Property;

 

(t)
capital investment by the Company in, or any loan by the Company to, any other Person;

 

(u)
acceleration, termination, material modification to or cancellation of any Material Contract;

 

(v)
material capital expenditures by the Company, or commitment to make the same;

 

(w)
entry into a new line of business or abandonment or discontinuance of existing lines of business by the Company;

 

(x)
adoption of any plan of merger, consolidation, reorganization, liquidation or dissolution or filing of a petition in bankruptcy
under any provisions of bankruptcy or insolvency Law or consent to the filing of any bankruptcy petition against it under any
similar Law, in each case by the Company;

 

(y)
purchase, lease or other acquisition by the Company of the right to own, use or lease any property or assets for an amount in
excess of $25,000, individually (in the case of a lease, per annum) or $50,000 in the aggregate (in the case of a lease, for the
entire term of the lease, not including any option term), except for purchases of inventory or supplies in the Ordinary Course
of Business;

 

    	13

     

    

 

(z)
acquisition by merger or consolidation with, or by purchase of a substantial portion of the assets or equity securities of, or
by any other manner, any business or any Person, or any division thereof, by the Company;

 

(aa)
action by the Company to change or rescind any Tax election, or amend any Tax Return that would have the effect of increasing
the Tax Liability or reducing any Tax asset of the Buyer or the Company in respect of any post-Closing Tax period;

 

(bb)
promotional, sales or discount or other activity that are or were intended to have the effect of accelerating sales prior to the
Closing that would have otherwise been expected to occur subsequent to the Closing; or

 

(cc)
contract to do any of the foregoing, or any action or omission that would result in any of the foregoing, in each case by the
Company.

 

2.6
Real Property; Encumbrances.

 

(a)
The Company does not own any Real Property.

 

(b)
Section 2.6(b) of the Disclosure Schedule sets forth a correct and complete listing of all Company Leased Real Property. The Company
has a valid leasehold interest to the leasehold estate in the Company Leased Real Property granted to the Company pursuant to
the applicable Real Property Lease (subject to Permitted Liens). Except as set forth on Section 2.6(b) of the Disclosure Schedule,
there are no parties other than the Company in possession of any portion of the Company Leased Real Property, and, to the knowledge
of the Company, no Contract grants any Person the right of use or occupancy of any portion of the Company Leased Real Property
(other than common areas pursuant to the terms of the Real Property Leases).

 

(c)
To the knowledge of the Company, there are no pending or threatened condemnation proceedings, lawsuits or administrative actions
relating to any portion of the Company Leased Real Property.

 

2.7
Assets. The Company has good and valid title to, or a valid leasehold interest in, all of the Assets, free and clear of
all Liens (other than Permitted Liens). To the knowledge of the Company, all buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles and other items of tangible Assets owned or used by the Company are (and with due consideration
for reasonable wear and tear and the age of each specific Asset), structurally sound, in good operating condition and repair and
adequate for the uses to which they are being put and none of such buildings, plants, structures, furniture, fixtures, machinery,
equipment, vehicles and other tangible Assets (whether owned, leased or licensed) is in need of maintenance or repairs except
for ordinary, routine maintenance and repairs that are not material in nature or cost. All tangible Assets are located on the
Company Leased Real Property or sites controlled by the Company’s customers pursuant to Government Contracts.

 

    	14

     

    

 

2.8
Taxes. Except as set forth on Section 2.8 of the Disclosure Schedule:

 

(a)
Since the date of its formation, the Company has been properly treated as a partnership under Treasury Regulation Section 301.7701-3(b)(1)(i)
for U.S. federal Income Tax purposes and no election has been made to treat the Company as an association taxable as a corporation
for U.S. federal Income Tax purposes under Treasury Regulation Section 301.7701-3(c).

 

(b)
All Income Tax Returns and other material Tax Returns required to be filed on or before the Closing Date by the Company (taking
into account applicable extensions) have been, or will be, timely filed, and the Company has timely paid, or will pay, all Taxes
due and payable by it (whether or not shown thereon as owing). All Taxes with respect to periods ending on or prior to the Closing
Date that are not yet due and payable have been accrued and adequate reserves therefor have been established on the balance sheet.
All such Tax Returns referenced in this Section 2.8(b) are correct and complete in all material respects and were prepared
in substantial compliance with all applicable laws. The Company currently is not the beneficiary of any extension of time within
which to file any Tax Return. Sellers have made available to Buyer true, correct and complete copies of all federal and state
income Tax Returns of the Company for the prior five (5) Tax years.

 

(c)
The Company (i) has withheld and paid (to the appropriate Governmental Authorities) all Taxes required by Law to have been withheld
and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, customer, member, or other
party and (ii) has complied with all related information reporting requirements.

 

(d)
The Company is not a party to or bound by any Tax indemnity, Tax sharing, Tax allocation or similar agreement, other than any
Commercial Tax Agreement. The Company is not and has not been a member of an affiliated, combined, consolidated or unitary Tax
group for Tax purposes. The Company has no liability for Taxes of any Person under Treasury Regulations Section 1.1502-6 (or any
corresponding provision of state, local or foreign Tax Law) as transferee, by contract (other than pursuant to a Commercial Tax
Agreement) or as a successor.

 

(e)
The Company has not executed or entered into a closing agreement pursuant to Section 7121 of the Code (or any similar provisions
of foreign, state or local Law) which would apply to any tax period of the Company ending after the Closing Date. The Company
has not received any private letter ruling of the IRS or comparable rulings of any other Governmental Authority which would apply
to any tax period of the Company ending after the Closing Date (and no request for any such ruling is currently pending). No power
of attorney that currently is in effect has been granted by the Company with respect to any Tax matter.

 

(f)
The Company does not currently have, and has never had, a permanent establishment (as defined by applicable tax treaty) and is
not subject to Tax in any foreign country.

 

    	15

     

    

 

(g)
There are no Liens for Taxes upon the assets of the Company other than statutory Liens for Taxes that are not yet due and payable.

 

(h)
The Company is not (and has not been) a party to any joint venture, partnership or other arrangement, agreement or contract that
could be treated as a partnership for Tax purposes. The Company has not issued any “profits interest” in the Company,
as that term is defined in Revenue Procedure 93-27, 1993-2 C.B. 343, as clarified by Revenue Procedure 2001-43, 2001-2 C.B. 191.

 

(i)
The Company has not participated in any “reportable transaction” within the meaning of Treasury Regulation Section
1.6011-4(b)(1).

 

(j)
The Company (i) uses the cash method of accounting for Income Tax purposes, (ii) has elected to amortize the start-up expenses
of the Company under Code Section 195 ratably over a period of 180 months as permitted by Code Section 195(b), and (iii) has elected
to amortize the organization expenses of the Company under Code Section 709 ratably as permitted by Code Section 709(b).

 

(k)
The Company will not be required to include any material item of income in, or to exclude any material item of deduction from,
taxable income in any taxable period (or portion thereof) ending after the Closing Date as a result of any (i) change in method
of accounting or use of an improper method of accounting or (ii) closing agreement made prior to the Closing Date.

 

(l)
The Company (i) has not made any election under Partnership Audit Provisions to have them apply to the Company with respect to
any period (or portion thereof) before January 1, 2018, and (ii) has not made any election to opt out of the Partnership Audit
Provisions with respect to any period (or portion thereof) after December 31, 2017.

 

(m)
The Company has not (i) applied for loan forgiveness pursuant to Section 1106 of the CARES Act, (ii) deferred payment of any payroll
Taxes pursuant to Section 2302 of the CARES Act, (iii) claimed the employee retention credit pursuant to Section 2301 of the CARES
Act or other credit pursuant to any COVID-19 Law, or (iv) amended any income tax return for a taxable year prior to 2020 in order
to carry back a net operating loss to such year.

 

2.9
Employee Benefit Plans.

 

(a)
Section 2.9(a) of the Disclosure Schedule contains a correct and complete list of all Company Benefit Plans and Company Benefit
Arrangements. The Company has provided to Buyer complete and correct copies of the following documents with respect to each Company
Benefit Plan and Company Benefit Arrangement, to the extent applicable: (i) all plan documents, and written descriptions of all
non-written agreements relating to any such plan or arrangement; (ii) the most recent Form 5500, including all schedules thereto,
annual report, financial statements and any related actuarial reports; (iii) the most recent summary plan description and summaries
of material modifications thereto; (iv) all material and non-routine communications received from the IRS, Department of Labor,
or any other Governmental Authority on or after January 1, 2016; (vi) the most recent determination letter received from the IRS,
as applicable, and (vii) the most recent employee manuals or handbooks containing personnel or employee relations policies.

 

    	16

     

    

 

(b)
Each Qualified Plan has received a favorable determination letter, or is the subject of a favorable advisory or opinion letter
as to its qualification, issued by the IRS as to its qualifications, and, to the knowledge of the Company, no act or omission
in the operation of such plan has occurred that would reasonably be expected to materially adversely affect its qualified status.
Each Company Benefit Plan and each Company Benefit Arrangement has been operated and administered in all material respects in
accordance with its terms and with all applicable Laws, including ERISA and the Code. With respect to each Company Benefit Plan,
to the knowledge of the Company, (i) no non-exempt transactions prohibited by Code Section 4975 or ERISA Section 406 and (ii)
no act or omission has occurred, which in either event would reasonably be expected to have a Material Adverse Effect.

 

(c)
Neither the Company nor any ERISA Affiliate has, within six (6) years prior to the date of this Agreement, maintained, sponsored
or been required to contribute to any Pension Plan.

 

(d)
There are no pending or, to the knowledge of the Company, threatened claims (other than routine benefit claims and proceedings
with respect to qualified domestic relations orders) relating to any Company Benefit Plans or Company Benefit Arrangements (including
any such claim against any fiduciary of any such Company Benefit Plan or Company Benefit Arrangement of which the Company has
knowledge). No audit or examination by any Governmental Authority (including the IRS and the Department of Labor) is pending,
nor to the knowledge of the Company, threatened.

 

(e)
Except as set forth on Section 2.9(e) of the Disclosure Schedule, no Company Benefit Plan or Company Benefit Arrangement exists
that, as a result of the transactions contemplated hereby, would (either alone or in combination with another event) (i) increase,
accelerate or vest any compensation or benefit, (ii) require severance, termination or retention payments or any other material
payment from the Company that is not otherwise set aside in a trust or accrued for as a Liability, (iii) forgive any indebtedness,
or (iv) promise or provide any tax gross ups or tax indemnification under Section 409A of the Code.

 

(f)
No Company Benefit Plan or Company Benefit Arrangement provides post-employment medical benefits except as required by COBRA or
other applicable Laws.

 

(g)
The Company does not maintain and has not maintained any Benefit Plan or Benefit Arrangement covering any current or former employee
of the Company that is or was subject to the Laws of any jurisdiction outside of the United States.

 

(h)
To the knowledge of the Company, each Company Benefit Plan or Company Benefit Arrangement that is a “nonqualified deferred
compensation plan” (as defined in Code Section 409A(d)(1)) has been operated in all material respects in operational and
documentary compliance with Section 409A and all IRS guidance promulgated thereunder, to the extent such section and such guidance
have been applicable to such Benefit Plan, except for any instance of non-compliance that would not reasonably be expected to
have a Material Adverse Effect.

 

    	17

     

    

 

(i)
The amount of the Unpaid Employee Payments of the Effective Date is $0.00.

 

2.10
Employment Matters.

 

(a)
Section 2.10(a) of the Disclosure Schedule sets forth a correct and complete list, as of the date of this Agreement, of (i) all
officers and directors of the Company; (ii) all employment agreements to which the Company is bound (other than offer letters
for at-will employment without an obligation for severance or the form employment Contract entered into in the ordinary course
of business, a true and correct copy of which has been provided to Buyer); (iii) offer letters for at-will employment with other
employees of the Company, and (iv) the current annual compensation (and the portions thereof attributable to salary, bonus and
other compensation respectively) of each employee and director, as applicable, of the Company as of the date of this Agreement.

 

(b)
The Company is not the subject of any unfair labor practice complaint pending or, to the knowledge of the Company, threatened,
before the National Labor Relations Board.

 

(c)
The Company is not nor has it been a party to or bound by any collective bargaining agreement, trade union agreement, works council
or employee representative agreement. There have been no labor unions or other organizations representing or, to the knowledge
of the Company, purporting or attempting to represent any employee of the Company. To the knowledge of the Company, since January
1, 2016, no employee of the Company has attempted to organize a labor union or other organization to represent any employee of
the Company. There is no current, pending or, to the knowledge of the Company, threatened strike, slowdown, picketing, work stoppage,
concerted refusal to work overtime or other similar labor activity with respect to any current employee of the Company.

 

(d)
The Company is in material compliance with all applicable Laws respecting labor, employment, fair employment practices, terms
and conditions of employment, applicant and employee background checking, immigration and required documentation, workers’
compensation, occupational safety and health requirements, plant closings, wages and hours, worker classification, employment
discrimination, disability rights or benefits, equal opportunity, labor relations, employee leave issues and unemployment insurance.
The Company is not bound by any consent decree with any Governmental Authority arising out of any employment or labor issues,
and, to the knowledge of the Company, none has been threatened. Since January 1, 2016, there have been no claims of harassment,
discrimination, retaliatory act or similar actions against any employee, officer or director of the Company and, to the knowledge
of the Company, there have been no threats of such claims or actions. The Company has properly treated all service providers classified
as independent contractors for all Tax purposes.

 

    	18

     

    

 

(e)
The Company has not effectuated a “plant closing” or “mass layoff” as those terms are defined in the Worker
Adjustment, Retraining and Notification Act (“WARN Act”), affecting in whole or in part any site of employment,
facility, operating unit or employee of the Company, without complying with all provisions of the WARN Act, or implemented any
early retirement, separation or window program within the twenty-four (24) months prior to the date of this Agreement, nor, as
of the date of this Agreement, has the Company announced any such action or program for the future.

 

2.11
Compliance; Permits.

 

(a)
The Company is conducting and, to the knowledge of the Company, has at all times in the past three (3) years conducted its business
and operations in material compliance with all applicable Laws and Permits, and with all of its posted or internal policies related
to privacy, the use, collection and protection of Sensitive Data or system security (“Privacy Policies”). Since
January 1, 2017, the Company has not received any written communication from any Governmental Authority or Person alleging noncompliance
in with any applicable Law or Privacy Policies. Without limiting the generality of the foregoing, the Company is currently in
material compliance with and, to the knowledge of the Company, has materially complied with: (i) its policies, other legal obligations
and any obligations under any Contract applicable to the Company or to which the Company is bound with respect to privacy, including
the receipt, access, acquisition, collection, compilation, use, storage, processing, transmission, safeguarding, security, disposal,
destruction, disclosure, sale, licensing, rental, or transfer (“Handling”) of Sensitive Data or other protected
personally identifiable consumer information; and (ii) its policies and any obligations under any Contract applicable to the Company
or to which the Company is bound with respect to applicable state and federal consumer financial protection Laws. The Company
maintains commercially reasonable administrative, technical, and physical safeguards that are in compliance in all material respects
with all applicable Laws or obligations under any Contract to which the Company is bound. To the knowledge of the Company, there
are no notices, claims, charges, investigations, proceedings or disciplinary actions pending or threatened by a Governmental Authority
or any other Person against the Company alleging a violation of any applicable Laws relating to data security or privacy of Sensitive
Data. To the knowledge of the Company, since January 1, 2016, there have not been any actual or alleged incidents of data security
breaches, unauthorized access, loss, or use of any of the Business Systems, Sensitive Data or confidential information or trade
secret, or unauthorized Handling of any Sensitive Data, company data, confidential information or trade secret, in each case used
or held for use by or on behalf of the Company. The Company has received no written or, to the knowledge of the Company, other
notice from any Governmental Authority regarding any investigation, proceeding or disciplinary action pending or threatened by
a Governmental Authority against any Top Customer or Top Vendor.

 

    	19

     

    

 

(b)
The Company owns or holds all Permits required for the conduct of the business of the Company (including the operation of the
Company’s real property and tangible assets), except where the failure to own or hold such Permit would not have a Material
Adverse Effect on the Company (the “Material Permits”). Each Material Permit is valid and in full force and
effect. Section 2.11(b) of the Disclosure Schedule sets forth a correct and complete list of each Material Permit. To the Company’s
knowledge, no event has occurred that, with notice or the lapse of time or both, would result in the termination, revocation,
non-renewal, suspension or restriction of any Material Permit.

 

2.12
Legal Proceedings. Except as set forth on Section 2.12 of the Disclosure Schedule, there is no Action pending or, to the
knowledge of the Company, threatened against the Company, and no written notice of any Action against the Company, whether pending
or threatened, has been received by the Company. There are no Orders against the Company, and no supervisory agreements, memoranda
of understanding, commitment letters or similar written undertakings with or to any Governmental Authority by the Company. The
Company is not party to any Action seeking to enjoin or restrain the activities of any other Person, for declaratory relief or
to recover monies due to the Company.

 

2.13
Contracts and Commitments.

 

(a)
Section 2.13(a) of the Disclosure Schedule sets forth a correct and complete list of the following Contracts to which the Company
is a party (collectively, the “Material Contracts”):

 

(i)
(A) each Contract with a Top Customers and (B) each Contract with a Top Vendor;

 

(ii)
each Current Government Contract;

 

(iii)
each Contract that requires the expenditure by the Company of more than $25,000 in the aggregate during the twelve-month period
ending on December 31, 2020;

 

(iv)
each Contract with any Related Party (other than any Company Benefit Plans or Company Benefit Arrangements);

 

(v)
each power of attorney;

 

(vi)
each Contract with any employee of the Company (other than any Company Benefit Plans, Company Benefit Arrangements, or any form
offer letter or form Contract entered into in the ordinary course of business, a true and correct copy of which has been provided
to Buyer), including any Contract under which such employee is advanced or loaned any funds (other than advancements of expenses
to employees in the ordinary course of business);

 

(vii)
each Contract with any independent contractor of the Company or any consultant to the Company (other than any Company Benefit
Plans, Company Benefit Arrangements, or any form offer letter or form Contract entered into in the ordinary course of business);

 

    	20

     

    

 

(viii)
each Contract that is not terminable by the Company without penalty on less than six months’ notice;

 

(ix)
each Contract evidencing Company Indebtedness, including any loan or credit agreement, security agreement, guaranty, indenture,
mortgage, pledge, conditional sale or title retention agreement, equipment obligation or lease purchase agreement;

 

(x)
each written warranty, guaranty or other similar undertaking with respect to contractual performance (other than contracts entered
into in the ordinary course of business a primary purpose of which is not providing a warranty or guaranty);

 

(xi)
each lease, rental or occupancy agreement, license, installment and conditional sale agreement, and other Contract affecting the
ownership of, leasing of, title to, use of, or any leasehold or other interest in, any real or personal property, including each
Real Property Lease;

 

(xii)
each license or other Contract pursuant to which the Company uses Company Licensed Intellectual Property (excluding currently-available,
off-the-shelf, non-exclusive Software programs);

 

(xiii)
each license or other Contract pursuant to which the Company has licensed or otherwise granted any right to any Person with respect
to Company Intellectual Property, but excluding non-exclusive licenses granted to customers of the Company in the Ordinary Course
of Business;

 

(xiv)
each Contract for the sale of Assets (other than in the Ordinary Course of Business) or for the acquisition of the assets or business
of any other Person pursuant to which the Company has continuing obligation;

 

(xv)
each Contract that contains any customer non-solicitation, non-competition, confidentiality or similar obligations binding the
Company or that otherwise prohibits the Company from entering into any line of business;

 

(xvi)
each Contract in which the Company has granted “most favored nation” pricing provisions or exclusive marketing or
distribution rights relating to any service, product or territory or has agreed to purchase or otherwise obtain any material product
or service exclusively or on most favored terms from a single party or sell any product or service exclusively or on most favored
terms to a single party; and

 

(xvii)
each Contract concerning the establishment or operation of a partnership, joint venture or similar enterprise (other than referral
agreements and reseller agreements in the ordinary course of business).

 

The
Company has made available to Buyer a true and correct copy of all written contracts (or description of any oral contracts) which
are referred to on Section 2.13(a) of the Disclosure Schedule, together with all amendments, schedules, exhibits, annexes, waivers
or other changes thereto.

 

    	21

     

    

 

(b)
Each Material Contract is in full force and effect and is a legal, valid, binding and enforceable obligation of the Company and,
to the knowledge of the Company, each of the other parties thereto. Neither the Company nor, to the knowledge of the Company,
any other party to any Material Contract, is in violation, breach or default under, any Material Contract, and, to the knowledge
of the Company, there exists no condition or event which, after notice, lapse of time or both, would constitute any such violation,
breach or default. The Company does not have any Contract with a Governmental Authority.

 

2.14
Intellectual Property.

 

(a)
Company Registrations. Section 2.14(a) of the Disclosure Schedule sets forth a correct and complete list of all Intellectual
Property Registrations that are owned by the Company and all pending applications for registration of Intellectual Property of
the Company (collectively, the “Company Registrations”) in each case, enumerating specifically the applicable
filing or registration number, title, jurisdiction in which filing was made or from which registration issued, date of filing,
date of issuance, and names of all current applicant(s) and registered owner(s), as applicable. All assignments, if any, of Intellectual
Property Registrations to the Company have been properly executed and recorded. All Company Registrations are subsisting and unexpired,
and, to the knowledge of the Company, valid and enforceable. All necessary registration, maintenance and renewal and other fees
in connection with those Company Registrations have been paid in a timely manner.

 

(b)
Ownership and Sufficiency. Except as set forth in Section 2.14(b) of the Disclosure Schedule, each item of Company Owned
Intellectual Property is, and following the Closing, will be owned by the Company, and each item of Company Licensed Intellectual
Property will be available for use under a license by the Company on substantially identical terms and conditions as it was immediately
prior to the Closing, in either case, without other restriction and without payment of any kind to any third party (other than
amounts that would have been payable by the Company even if the transactions contemplated hereby did not occur). Except as set
forth in Section 2.14(b) of the Disclosure Schedule, the Company is the exclusive owner of all right, title and interest in, to
and under Company Owned Intellectual Property, free and clear of any Liens (except Permitted Liens), subject to any non-exclusive
licenses granted to customers of the Company in the Ordinary Course of Business. With respect to each item of Company Owned Intellectual
Property, the item is not subject to any Order; and no Action is pending or, to the knowledge of the Company, threatened or anticipated
that challenges the legality, validity, enforceability, use or ownership of the item. To the knowledge of the Company, the Company
owns or has the right to use all Intellectual Property necessary for the operation in all respects of the business of the Company
as presently conducted without any conflict with, violation, misappropriation, or infringement of the rights of any Person.

 

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(c)
Protection Measures. The Company has taken commercially reasonable measures to protect the proprietary nature of each item
of Company Owned Intellectual Property, and to maintain in confidence all trade secrets and confidential information comprising
a part thereof. The Company uses commercially reasonable measures to police the quality of all goods and services sold, distributed
or marketed under each of its Trademarks. The Company maintains commercially reasonable security, disaster recovery, back-up,
and business continuity plans, procedures and facilities and test such plans and procedures on a regular basis, and such plans
and procedures have been updated where proven ineffective in any material respects following such testing. No Person other than
the Company, and its contractors or employees who are bound by confidentiality agreements or other enforceable obligations of
confidentiality, has any current or contingent right to access or possess any proprietary source code of the Company. To the Company’s
knowledge, no Person other than the Company, and its contractors or employees who are bound by confidentiality agreements or other
enforceable obligations of confidentiality, has accessed or possessed any proprietary source code of the Company.

 

(d)
Infringement by the Company. To the knowledge of the Company, no current business activity of the Company infringes or
violates, or constitutes a misappropriation of, any Intellectual Property right of any third party. The Company has not received
any notice alleging any such violation, infringement or other conflict, and has not received any invitation or request to license
any third party patent or patent application as a condition to continuing the operation of its business as presently conducted.

 

(e)
Infringement of Company Rights. Except as set forth on Section 2.14(e) of the Disclosure Schedule, to the knowledge of
the Company, no Person is infringing, violating or misappropriating any Company Owned Intellectual Property.

 

(f)
Authorship. Except as set forth on Section 2.14(f) of the Disclosure Schedule, all employees, independent contractors,
and other Persons to whom the Company has provided access to the Company’s confidential information (including any confidential
information contained in the Software and Documentation included in the Company Owned Intellectual Property) have executed enforceable
written agreements requiring them to maintain the confidentiality of such information, use such information only for the benefit
of the Company and assign all rights in such information and other Intellectual Property to the Company. For avoidance of doubt,
the Company’s distribution of Software and Documentation included in the Company Owned Intellectual Property to customers
of the Company in the Ordinary Course of Business, pursuant to non-exclusive licenses to use such Software and Documentation,
shall not constitute granting such customers “access” to the Company’s confidential information embodied such
Software or Documentation, where the confidential information is not readily accessible without extraordinary measures such as
disassembly or reverse-engineering. Each item of the Company Owned Intellectual Property (including Software and Documentation)
has been designed, authored and tested by employees, officers, consultants or independent contractors of the Company within the
scope of their employment or engagement and each copyright in a work of authorship authored by such Person has been within the
scope of such Person’s employment or engagement. To the knowledge of the Company, none of its employees, officers, consultants
or independent contractors are in violation of any such agreements. Except for Intellectual Property for which the Company has
a license or valid right of use, to the knowledge of the Company, no Person (including customer, past or present employee, officer,
director, shareholder, or Affiliate) has any claim of ownership or right (other than non-exclusive license rights granted to customers
of the Company in the Ordinary Course of Business) in the Intellectual Property used, owned or purportedly owned by the Company.

 

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(g)
Open Source. Except as set forth on Section 2.14(g) of the Disclosure Schedule, the Company has not distributed or otherwise
used any Open Source Materials in a manner that would obligate the Company to (i) disclose or distribute any of its products in
source code form, (ii) license or otherwise make available any of its products on a royalty-free basis or (iii) grant any rights
in any Company Owned Intellectual Property.

 

(h)
Business Systems. The computer systems, including the computer software, hardware, equipment, networks, databases, platforms,
servers, interfaces, applications, websites and related information technology systems, that are used or held for use by the Company
in its business as presently conducted (collectively, the “Business Systems”): (i) are owned, leased or licensed
by the Company; (ii) are reasonably sufficient for the current needs of the Company, including as to capacity, scalability, and
ability to process current peak data needs and customer volumes in a timely manner; and (iii) the Company will continue to have
such rights immediately after the Closing. Except as set forth on Section 2.14(h) of the Disclosure Schedule, since January 1,
2016, to the knowledge of the Company, there have been no failures, breakdowns, data losses, continued substandard performance
or other adverse events affecting any such Business Systems that have caused or could reasonably be expected to result in the
substantial disruption or interruption in or to the use of such Business Systems and/or the conduct of the business of the Company
or that was reportable to any Governmental Authority or affected party or that was not otherwise remedied or replaced in all material
respects. To the knowledge of the Company, the Business Systems do not contain any “back door,” “time bomb,”
“Trojan horse,” “worm,” “drop dead device,” “virus” (as these terms are commonly
used in the computer software industry), or other software routines or hardware components intentionally designed to permit unauthorized
access to, or to maliciously disable or erase software, hardware, or data. The Company is not in breach of any of its Contracts,
agreements or licenses relating to the Business Systems.

 

2.15
Insurance. Section 2.15 of the Disclosure Schedule sets forth a correct and complete list of each insurance policy
(other than any insurance policy funding a Company Benefit Plan or a Company Benefit Arrangement) carried by the Company, the
amounts and types of insurance coverage available thereunder, and any pending claims thereunder. The Company has delivered to
Buyer complete and correct copies of all such insurance policies. With respect to each such insurance policy: (i) such policy
is legal, valid, binding and enforceable in accordance with its terms and is in full force and effect, and (ii) the Company is
not in violation, breach or default (including any violation, breach or default with respect to the giving of notice), and to
the knowledge of the Company, no event has occurred which, after notice or the lapse of time or both, would constitute a violation,
breach or default or permit termination, revocation or modification under such policy. All premiums payable under all such policies
have been timely paid, and the Company is in material compliance with the terms of such policies. Such insurance policies are
sufficient for compliance by the Company with all requirements under all applicable Laws applicable to the Company, or its rights,
properties or assets, or otherwise required by Contracts to which the Company is a party or by which any of the Company’s
rights, assets or properties are bound. There is no Action pending under any such insurance policy as to which coverage has been
questioned, denied or disputed by the underwriters of such policies.

 

    	24

     

    

 

2.16
Transactions with Affiliates. Except as set forth on Section 2.16 of the Disclosure Schedule, none of the Sellers or any
Affiliate thereof or of the Company or any officer, manager, director or employee of the Company has any financial interest in
any property used by the Company or a financial interest in any transaction with the Company (other than with respect to services
provided to, and compensation and benefits owed by, the Company to employees in the Ordinary Course of Business, or pursuant to
and in accordance with this Agreement and the other Transaction Documents).

 

2.17
Top Customers and Top Vendors.

 

(a)
Section 2.17(a) of the Disclosure Schedule sets forth a correct and complete list of (i) the ten (10) largest customers by gross
profits allocable to the Company, taken as a whole, during the twelve (12)-month period ended on the Interim Balance Sheet Date
(each, a “Top Customer” and, collectively, the “Top Customers”), and (ii) the ten (10) largest
vendors by total amounts paid by the Company during the twelve (12)-month period ended on the Interim Balance Sheet Date (each,
a “Top Vendor” and, collectively, the “Top Vendors”).

 

(b)
Since the Interim Balance Sheet Date, no Top Customer or Top Vendor has: (i) stopped, or indicated in writing an intention to
stop, receiving services from or providing goods or services to the Company; (ii) reduced in any material respect, or indicated
in writing an intention to reduce in any material respect, receipt of services from or provision of goods or services to the Company;
or (iii) changed in any material respect, or indicated in writing an intention to change in any material respect, the terms and
conditions on which it receives services from or provides goods or services to the Company. To the knowledge of the Company, there
is no development affecting any Top Customer or Top Vendor Bank that would impair the ability of such Top Customer or Top Vendor
to perform their obligations under their Contracts with the Company in accordance with their respective terms.

 

2.18
Brokers and Agents. Except as set forth on Section 2.18 of the Disclosure Schedule, no broker or finder has acted for the
Company in connection with the Transaction Documents or the transactions contemplated thereby, and no broker or finder is entitled
to any brokerage or finder’s fee or other commissions in respect of such transactions based upon agreements, arrangements
or understandings made by or on behalf of the Company.

 

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2.19
No Other Company Representations or Warranties. Except for the representations and warranties expressly set forth in this
Article II and Article III (as modified by the Disclosure Schedule), in any Transaction Document or in any certificate
delivered pursuant hereto or thereto, neither the Company, Sellers nor any other Person: (a) makes or has made any representations
or warranties, express or implied, including any representations or warranties as to condition, merchantability, suitability or
fitness for a particular purpose of any of the assets of the Company, or (b) makes or has made any representation or warranty,
express or implied, as to the accuracy or completeness of any information regarding the Company or its business (including any
representation or warranty of any kind or nature whatsoever concerning or as to the accuracy or completeness of any projections,
budgets, forecasts or other forward-looking financial information concerning the future revenue, income, profit or other financial
results of the Company). Any and all statements or information communicated by the Company, Sellers or any other Person regarding
the Company or its business outside of this Article II and Article III, including by way of the documents provided
in response to Buyer’s due diligence requests and any management presentations provided, whether verbally or in writing,
are deemed to have been superseded by this Agreement, it being agreed that no such prior or contemporaneous statements or communications
outside of this Agreement shall survive the execution and delivery of this Agreement. Sellers acknowledge that neither the Buyer
nor any of its officers, mangers, directors, employees or representatives, nor any other Person makes or will be deemed to have
made hereunder any representations or warranties, express or implied, regarding the Buyer or its business, except as expressly
set forth in this Agreement, in any Transaction Document or in any certificate delivered pursuant hereto or thereto.

 

ARTICLE
III

Representations
And Warranties of Sellers

 

3.1
Matters Relating to Sellers. To induce Buyer to enter into the Transaction Documents and consummate the transactions contemplated
thereby, each Seller represents and warrants, solely as to itself, to Buyer, as of the date of this Agreement, as follows:

 

(a)
Such Seller has all requisite capacity, power and authority to execute, deliver and perform the Transaction Documents to which
it is a party, and to transfer, convey and sell to Buyer at the Closing the Company Interests to be sold or contributed by such
Seller hereunder. This Agreement is, and all other Transaction Documents to which such Seller is a party are, or when executed
and delivered by such Seller, will be, (i) duly and validly authorized, executed and delivered by such Seller and (ii) assuming
the due authorization, execution and delivery by the other parties thereto, a legal, valid and binding obligations of such Seller,
enforceable against it in accordance with their respective terms, subject to the Enforcement Exceptions.

 

(b)
The execution, delivery and performance by such Seller of the Transaction Documents to which it is a party and the consummation
of the transactions contemplated thereby, do not and will not, with or without notice, lapse of time or both, require any consent,
waiver, approval, declaration or authorization of, or notice to or filing with, any Governmental Authority.

 

(c)
Such Seller owns the number and type of Company Interests reflected on Section 2.3(a) of the Disclosure Schedule as being owned
by such Seller free and clear of all Liens (other than restrictions on transfer under applicable securities Laws or pursuant to
the terms of the Company LLC Agreement) and, at the Closing, Buyer will acquire from such Seller, free and clear of all Liens
(other than restrictions on transfer under applicable securities Laws or pursuant to the terms of the Company LLC Agreement or
Liens imposed by Buyer), good and valid title to all such Company Interests.

 

    	26

     

    

 

(d)
Except as set forth on Section 2.18 of the Disclosure Schedule, no broker or finder has acted for such Seller in connection with
the Transaction Documents or the transactions contemplated thereby, and no broker or finder is entitled to any brokerage or finder’s
fee or other commissions in respect of such transactions based upon agreements, arrangements or understandings made by or on behalf
of such Seller.

 

ARTICLE
IV

Representations
And Warranties Of Buyer

 

To
induce Sellers to enter into the Transaction Documents and consummate the transactions contemplated thereby, Buyer represents
and warrants to Sellers, as of the date of this Agreement, as follows:

 

4.1
Due Organization; Tax Status. Buyer is a limited liability company duly organized, validly existing and in good standing
under the Laws of the State of Nevada. Buyer has full limited liability company power and authority necessary to carry on the
businesses in which it is engaged and to own and use the properties owned and used by it. Buyer is duly licensed or qualified
to do business and is in good standing in each jurisdiction in which the operation of its business as currently conducted makes
such licensing or qualification necessary, except where the failure to be registered or qualified can be cured without material
cost or expense. Buyer is currently a wholly-owned subsidiary of Parent and is treated as an entity that is disregarded as separate
from Parent for U.S. federal Income Tax purposes and no election has been made to treat Buyer as an association taxable as a corporation
for U.S. federal Income Tax purposes under Treasury Regulation Section 301.7701-3(c). Buyer (a) was formed solely for the purpose
of engaging in the transactions contemplated by this Agreement, (b) has engaged in no other business activities and (c) has conducted
its operations only as contemplated by this Agreement.

 

4.2
Authorization; No Conflict.

 

(a)
Buyer has full limited liability company power and authority to enter into this Agreement and the Transaction Documents to which
it is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and
thereby. The execution and delivery by Buyer of this Agreement and the Transaction Documents to which it is a party, the performance
by Buyer of its obligations hereunder and thereunder and the consummation by Buyer of the transactions contemplated hereby and
thereby have been duly and validly authorized by all requisite limited liability company action on the part of Buyer. This Agreement
has been duly and validly executed and delivered by Buyer and (assuming due authorization, execution and delivery by the Company,
Sellers and any other applicable parties thereto) constitutes, or upon such delivery constitutes, a legal, valid and binding obligation
of Buyer, enforceable against Buyer in accordance with its terms, subject to the Enforcement Exceptions.

 

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(b)
The execution, delivery and performance of the Transaction Documents by Buyer, and the consummation of the transactions contemplated
thereby, do not and will not, with or without notice, lapse of time or both: (i) conflict with or result in a breach or violation
of the Organizational Documents of Buyer; (ii) violate any law to which the Company or any assets owned or used by the Company
is subject; (iii) require any consent, waiver, approval, declaration or authorization of, or notice to or filing with, any Governmental
Authority; (iv) result in the imposition of any Lien upon any asset owned or used by Buyer; or (v) violate, conflict with, result
in a breach of, constitute a default under, result in the acceleration of or give any Person the right to accelerate the maturity
or performance of, or to cancel, terminate, modify or exercise any remedy under, result in any loss of benefit under or require
any consent, waiver, approval, notice, filing, declaration or authorization under, any Contract or Permit to which Buyer is a
party or by which Buyer is bound or to which any asset of Buyer is subject or under which Buyer has any rights or the performance
of which is guaranteed by Buyer.

 

4.3
Brokers and Agents. Except for Ladenburg Thalmann & Co., Inc., no broker or finder has acted for Buyer in connection
with the Transaction Documents or the transactions contemplated thereby, and no broker or finder is entitled to any brokerage
or finder’s fee or other commissions in respect of such transactions based upon agreements, arrangements or understandings
made by or on behalf of Buyer.

 

4.4
Sufficient Funds. At the Closing, Buyer will have sufficient funds available as and when needed to consummate the transactions
contemplated hereby and to perform its obligations hereunder. Buyer will not become insolvent as a result of consummating the
transaction contemplated by this Agreement.

 

4.5
Investment Intent; Restricted Securities. Buyer is purchasing the Company Interests solely for its own account, for investment
purposes only, and not with a view to, or any present intention of, reselling or otherwise distributing the Company Interests
or dividing its participation herein with others. Buyer is an “accredited investor” as defined in Regulation D promulgated
by the Securities and Exchange Commission under the Securities Act. Buyer understands and acknowledges that (a) none of the Company
Interests have been registered under the Securities Act or any state or foreign securities Laws, in reliance upon specific exemptions
thereunder for transactions not involving any public offering, (b) none of the Company Interests are traded or tradable on any
securities exchange or over-the-counter, and (c) the Company Interests may not be sold, transferred, offered for sale, pledged,
hypothecated or otherwise disposed of unless such transfer, sale, assignment, pledge, hypothecation or other disposition is pursuant
to the terms of an effective registration statement under the Securities Act and are registered under any applicable state or
foreign securities Laws or pursuant to an exemption from registration under the Securities Act and any applicable state or foreign
securities Laws.

 

4.6
Legal Proceedings. There are no Actions pending or, to Buyer’s knowledge, threatened against or by Buyer or any Affiliate
of Buyer that would reasonably be expected to adversely affect the Buyer’s performance of its obligations under this Agreement
or the consummation by Buyer of the transactions contemplated hereby, or seek to prevent, enjoin or otherwise delay the transactions
contemplated hereby. To Buyer’s knowledge, no event has occurred, or circumstance exists that may give rise to, or serve
as a basis for, any such Action.

 

4.7
No Other Representations and Warranties; Acknowledgment. Notwithstanding anything contained in this Agreement, Buyer is
not making any representation or warranty, express or implied, beyond those expressly given in this Agreement, in any other Transaction
Document or in any certificate delivered pursuant hereto or thereto. Buyer acknowledges that it has conducted to its satisfaction
an independent investigation and verification of the financial condition, results of operations, assets, liabilities, properties
and projected operations of the Company, and, in making its determination to proceed with the transactions contemplated by this
Agreement, Buyer has relied solely on the results of its own independent investigation and verification and the representations
and warranties of the Company and Sellers expressly and specifically set forth in Article II and Article III (as
modified by the Disclosure Schedules).

 

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ARTICLE
V

Covenants

 

5.1
Maintenance of Books and Records. For a period of seven (7) years after the Closing Date, Buyer agrees to retain in accordance
with the Company’s historical record retention policy (and shall cause the Company to retain) and Buyer shall not (and shall
not permit the Company to) dispose of or destroy, other than in compliance with such historical record retention policy, any of,
the material business records and files of the Company or relating to all periods prior to the Closing Date, in the form such
business records and files existed as of the Closing Date. Buyer shall make such copies, if any, reasonably available to the Seller
Representative or its Representatives and for a period of seven (7) years after the Closing Date to the extent necessary for the
Seller Representative or its Representatives to (w) fulfill any of its obligations hereunder or under any other Transaction Document,
(x) satisfy any if its reporting or similar obligations to any of its members, or (y) respond to any claim for indemnification
pursuant to the terms hereof; provided, however, any such access shall be conducted in such a manner as not to interfere
unreasonably with the operation of the business. Notwithstanding the foregoing, any and all such records may be destroyed by Buyer
at any time if such party sends to the Seller Representative written notice of its intent to destroy such records, specifying
in reasonable detail the contents of the records to be destroyed; such records may then be destroyed after the thirtieth (30th)
calendar day following such notice unless the Seller Representative notifies the destroying party that it desires to obtain possession
of such records, in which event the destroying party shall transfer the records to the Seller Representative.

 

5.2
Tax Matters.

 

(a)
Tax Treatment.

 

(i)
For U.S. federal, state and local Income Tax purposes, Sellers and Buyer agree that (1) the sale contemplated herein of the Company
Interests that are other than the Contributed Interests shall be treated as a purchase and sale of partnership interests, (2)
the contribution of the Contributed Interests by the Sellers to the Buyer shall be treated as a contribution of property for partnership
interests in the Buyer pursuant to Section 721(a) of the Code, and (3) Buyer shall be considered a continuation of the Company
(collectively, the “Intended Tax Treatment”).

 

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(ii)
Consistent with the Intended Tax Treatment and the Code Section 754 election, Buyer and Sellers agree that the Base Purchase Price,
as adjusted pursuant to Section 1.5 (together with all liabilities of the Company that are treated as purchase price for
applicable Tax purposes) shall be allocated among the assets of the Company for applicable Tax purposes in a manner consistent
with Section 755 of the Code and the relevant Treasury Regulations, in accordance with the methodology attached hereto as Schedule
5.2(a)(ii), which the Parties agree reflects the fair market value (or the methodology to determine the fair market value)
of the assets of the Company.

 

(iii)
Except as otherwise required pursuant to a “determination” within the meaning of Section 1313 of the Code (or any
similar provision of state, local or foreign Law), the Parties agree to report consistently with the Intended Tax Treatment on
their Tax Returns, and to not take any position for applicable Tax purposes that is inconsistent therewith.

 

(b)
Tax Returns; Payment of Taxes.

 

(i)
Tax Returns. All Tax Returns for the Company for taxable periods ending on or prior to the Closing Date (a “Pre-Closing
Tax Period”), which are filed after the Closing Date, shall be prepared in a manner consistent with prior practices,
methods, and elections of the Company, as applicable, unless otherwise required by applicable law. The preparing Party shall deliver
copies of the Tax Returns prepared by such Party to the nonpreparing Party, for review and comment, at least twenty (20) days
prior to filing. All Tax Returns for a Pre-Closing Tax Period shall be prepared at the expense of Sellers. All Tax Returns for
a Straddle Period shall be prepared by and at the expense of the Company. The non-preparing Party shall provide any written comments
within ten (10) days after receipt of such Tax Return from the preparing Party. If no such written comments are delivered, then
non-preparing Party shall be deemed to have accepted such Tax Return. Upon receipt of written comments, Buyer and the Seller Representative
shall consult and attempt to resolve in good faith all reasonable comments to any Tax Returns. If, after consulting in good faith,
Buyer and the Seller Representative are unable to resolve any comments, then, if such unagreed Tax Return is a non-Income Tax
Return or a Straddle Period Income Tax Return, it shall be referred to the Neutral Accountant for resolution. If the Neutral Accountant
is unable to make a determination with respect to any disputed item prior to the due date for the filing of the Tax Return in
question, then (i) the Seller Representative, Buyer, or the Company, as applicable, shall timely file such Tax Return in accordance
with the preparing Party’s reasonable position and (ii) when the Neutral Accountant subsequently resolves the dispute, the
Seller Representative, Buyer, or the Company, as applicable, shall promptly file an amended Tax Return, if necessary, reflecting
the resolution by the Neutral Accountant. The fees and expenses of the Neutral Accountant shall be shared equally by Sellers and
Buyer. Sellers shall be responsible for all Taxes due and payable with respect to the Company for all Pre-Closing Tax Periods,
including the portion of a Straddle Period that ends on the Closing Date.

 

(ii)
Pre-Closing Tax Period Income Tax Returns. The Seller Representative, at the expense of Sellers, shall prepare or cause
to be prepared all Income Tax Returns of the Company for all taxable periods that end on or before the Closing Date. Sellers shall
timely pay to the appropriate Governmental Authority, all Income Taxes that are due and payable with respect to the Company for
all taxable periods that end on or before the Closing Date.

 

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(iii)
Pre-Closing Tax Period Non-Income Tax Returns and Straddle Period Tax Returns. Buyer shall prepare or cause to be prepared
and file or cause to be filed (A) all non-Income Tax Returns for the Company for all Pre-Closing Tax Periods which are filed after
the Closing Date and (B) all Tax Returns for the Company for Tax periods which begin before the Closing Date and end after the
Closing Date (a “Straddle Period”). Buyer shall make all payments required with respect to any such Tax Returns;
provided, however, that the Seller Representative, on behalf of Sellers, shall promptly reimburse Buyer to the extent
any payment Buyer is required to make is attributable to a Pre-Closing Tax Period (or deemed pursuant to Section 5.2(c)
to end) on or before the Closing Date to the extent such Taxes exceed the amount of such Taxes that were included as an accrued
Tax liability in determining the Final Working Capital Amount; provided, further, in no event shall Buyer or the Company be responsible
for Taxes that flow-thru to Sellers, e.g., Income Taxes. For the avoidance of doubt, Income Taxes of Sellers shall not be included
as a Tax liability in the determination of the Final Working Capital Amount and shall be payable by Sellers.

 

(iv)
Transaction Deductions. Buyer and Sellers agree that in connection with the preparation and filing of Income Tax Returns
of or with respect to the Company, to the extent permitted by applicable Law any deductions and/or losses of or with respect to
Company Indebtedness, Employee Payments, and Transaction Expenses shall be claimed in taxable periods, or portions thereof, ending
on or before the Closing Date and that the Company shall claim any available election under the safe harbor provisions contained
in Revenue Procedure 2011-29, 2011-18 I.R.B. 746, with respect to any “success-based fees”.

 

(v)
Transfer Taxes. Notwithstanding any other provision in the Transaction Documents, all transfer, documentary, sales, use,
stamp, registration and other such Taxes and fees (including any penalties and interest) (“Transfer Taxes”)
incurred in connection with the Transaction Documents (including any transfer or similar tax imposed by states or subdivisions)
shall be borne by 50% Buyer and 50% by Sellers. The party legally responsible for filing any Tax Return with respect to Transfer
Taxes shall, at its own expense, timely file all necessary Tax Returns and other documentation with respect to all such Transfer
Taxes, and, if required by applicable Law, Buyer and/or Sellers, as applicable, will join in the execution of any such Tax Returns
and other documentation.

 

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(c)
Allocation of Taxes. The portion of any Taxes for a Straddle Period that are allocable to the portion of such period ending
on the Closing Date shall be deemed to equal (i) in the case of Taxes other than real or personal property Taxes or Transfer Taxes,
the amount which would be payable if the taxable year ended with, and included, the Closing Date, and (ii) in the case of real
and personal property Taxes and similar ad valorum Taxes, the amount of such Taxes for the entire Straddle Period multiplied by
a fraction the numerator of which is the number of calendar days in the Straddle Period ending with the Closing Date and the denominator
of which is the number of calendar days in the entire Straddle Period. For purposes of computing the Taxes attributable to the
two portions of a taxable period pursuant to clause (i) of this Section 5.2(c), the amount of any item that is taken into
account only once for each taxable period (e.g., the benefit of graduated tax rates, exemption amounts, etc.) shall be allocated
between the two portions of the period in proportion to the number of days in each portion.

 

(d)
Tax Indemnification. Notwithstanding any other provision of this Agreement, until the expiration of the applicable statute
of limitations, plus sixty (60) days, each Seller, separately and not jointly and severally,
based on such Seller’s Pro Rata Share, agrees to indemnify the Buyer Indemnified Parties and hold them harmless, from and
against, without duplication, all Taxes (or the non-payment thereof) for which the Company is liable for all taxable periods
or portions thereof (as determined in Section 5.2(c)) ending on or before the Closing Date (including, without limitation,
any and all Taxes of any Person imposed on Buyer or the Company for such period or portion thereof as a transferee or successor,
by contract, other than any Commercial Tax Agreement, or pursuant to any Law), or otherwise, to the extent such Taxes were not
included as an accrued Tax liability in determining the Final Working Capital Amount.

 

(e)
Cooperation in Tax Matters. Sellers and Buyer shall cooperate reasonably in connection with the filing of Tax Returns of
the Company and any Tax Proceeding of the Company. Such cooperation shall include the provision of records and information with
respect to the Company which are in the possession of any Seller or Buyer or the Company and are reasonably relevant to any such
Tax Proceeding.

 

(f)
Tax Proceedings. The Seller Representative or Buyer, as applicable, shall promptly notify the other Party in writing of
becoming aware of the commencement after the Closing Date of any Tax Proceeding, or of any demand or claim on Buyer or any of
its Affiliates, including the Company, which could give rise to a claim for indemnification under this Agreement relating to or
arising from Taxes for a Pre-Closing Tax Period or a Straddle Period (a “Tax Indemnification Event”). Such
notice shall contain factual information (to the extent known to the recipient party) with respect to the Tax Indemnification
Event in reasonable detail and shall include copies of any notice or other document received from any Governmental Authority in
respect thereof. If there is a Tax Indemnification Event relating to Income Taxes solely with respect to a Pre-Closing Tax Period,
then the Seller Representative shall have the right to assume the defense of such Tax Proceeding; provided, the Seller Representative
shall (A) acknowledge in writing that such Taxes are within the scope of the indemnification obligations set forth in this Agreement,
(B) appoint a recognized and reputable counsel reasonably acceptable to Buyer in connection with such defense, and (C) notify
Buyer of its intent to assume the defense of such Tax Proceeding within ten (10) days of receipt of the notice of the Tax Indemnification
Event relating to such Tax Proceeding; provided, further, that if the Seller Representative elects to assume the defense of a
Tax Proceeding pursuant to this Section 5.2(f), Buyer shall be entitled to participate in such Tax Proceeding (at its own expense)
and the Seller Representative shall not settle, abandon or otherwise resolve such Tax Proceeding without the written consent of
Buyer, which consent shall not be unreasonably withheld, conditioned or delayed. Additionally, for any notice of final partnership
adjustment received by the Company with respect to which an “imputed underpayment” (within the meaning of Section
6225(b) of the Code) may be determined for a Pre-Closing Tax Period, the Seller Representative shall consent to the Company’s
timely making of the election pursuant to Section 6226 of the Code and timely file or otherwise provide all required reports and
statements, and otherwise take any other action, required by Section 6226 of the Code and the Treasury Regulations promulgated
thereunder to push out the Tax adjustments or “imputed underpayment” to Sellers. All other Tax Proceedings against
the Company shall be controlled by Buyer, provided that if any such Tax claim could result in a Tax Indemnification Event under
which the Sellers may be subject to indemnification obligations owed to Buyer pursuant to this Agreement, then the Seller Representative
shall be entitled to participate in such claims and Buyer shall not settle, abandon, or otherwise resolve any such claims without
the written consent of the Seller Representative, which consent shall not be unreasonably withheld, conditioned or delayed. For
the avoidance of doubt, the provisions of this Section 5.2(f), rather than those of Section 6.5, shall apply with
respect to any Tax Proceeding.

 

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(g)
Refunds. Sellers shall be entitled to the amount of any refund of Taxes of the Company with respect to all Pre-Closing
Tax Periods or portions (as determined under Section 5.2(c)) of Straddle Periods through and including the Closing Date
(to the extent such Taxes were paid by the Company prior to the Closing or by any Seller after the Closing or were included as
an accrued Tax liability in the Final Working Capital Amount, and excluding any refunds of Taxes that were reflected as an accrued
Tax asset in the Final Working Capital Amount), net of any reasonable out-of-pocket costs incurred in obtaining such refund or
any Taxes incurred as a result of receipt of such refund, which refund is actually received from a Governmental Authority (or
credited or applied to reduce Taxes otherwise payable) by Buyer or its Affiliates (including the Company) after the Closing. Buyer
shall pay, or cause to be paid, to the Seller Representative on behalf of Sellers any amount to which Sellers are entitled pursuant
to the prior sentence within ten (10) calendar days of the receipt or recognition of the applicable refund or credit by Buyer
or its Affiliates. To the extent any such refund is subsequently disallowed or required to be returned to the applicable Governmental
Authority, Sellers agree promptly to repay the amount of such refund or credit, together with any interest, penalties or other
additional amounts imposed by such Governmental Authority, to Buyer.

 

(h)
Section 754 Election. Buyer shall cause the Company to make, and Sellers shall cooperate in the making of, a timely and
effective election under Code Section 754 (and any equivalent election for applicable state and local Income Tax purposes), which
Section 754 election (and equivalent election) shall be filed by the Company (or the applicable Subsidiary) with its U.S. federal
Income Tax Return (and applicable state and local Income Tax Returns) for the taxable year that includes the Closing Date and
shall be effective for such taxable year.

 

(i)
Tax Adjustments. The Parties agree to treat any amount paid pursuant to Section 1.5, this Section 5.2 and
Article VI as an adjustment to the Base Purchase Price for U.S. federal Tax purposes, unless otherwise required by Law.

 

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(j)
Tax Sharing Agreements. Any and all existing Tax sharing or similar agreements to which the Company is a party, other than
any Commercial Tax Agreement, shall be terminated as of the Closing Date.

 

(k)
Scope. Any claim by any Party relating to a breach by another Party of its obligations under this Section 5.2 shall
be pursued in accordance with the procedures for indemnification claims, and shall otherwise be subject to the terms and conditions,
set forth in Article VI. Notwithstanding the foregoing or any other term or condition of Article VI, to the extent
there is any inconsistency between the terms of Article VI and this Section 5.2 with respect to the allocation of
responsibility between Sellers and Buyer for Taxes relating to the Company, the provisions of this Section 5.2 shall govern.
For the avoidance of doubt, unless expressly excluded, the applicable provisions of Section 6.3 shall apply with respect
to any amounts payable by Sellers under this Section 5.2.

 

(l)
Amended Returns and Retroactive Elections. Buyer shall not, and shall not cause the Company to, (i) amend any Tax Returns
filed with respect to any Tax year ending on or before the Closing Date, or (ii) make any Tax election that has retroactive effect
to any Tax year ending on or before the Closing Date, in each case without the prior written consent of the Seller Representative,
such consent not to be unreasonably withheld, conditioned, or delayed.

 

5.3
Confidentiality. Each Seller recognizes that, by reason of its ownership of Company Interests in the Company and/or employment
by the Company before the Closing Date, such Seller has acquired Confidential Information of the Company, the use or disclosure
of which could cause Buyer, the Company and/or their respective Affiliates substantial Damages that could not be readily calculated
and for which no remedy at Law would be adequate. Accordingly, each Seller covenants and agrees with Buyer that, from and after
the Closing, such Seller shall not at any time, directly or indirectly, use, disclose or publish, or permit any of such Seller’s
Affiliates to use, disclose or publish, any Confidential Information of the Company, unless (a) such information becomes generally
available or known to the public through no fault of any Seller or any of its Affiliates (or, prior to the Closing, the Company),
(b) is obtained by any Seller or any of its Affiliates from a third party not under confidentiality obligations and without a
breach of any obligations of confidentiality; or (c) the disclosing Party is advised in writing by counsel that disclosure is
required by Law or Order; provided, however, that prior to disclosing any information pursuant to clause (c) above,
such Person shall give prior written notice thereof to Buyer and provide Buyer with the opportunity to contest such disclosure
and shall cooperate with efforts to prevent such disclosure. Notwithstanding the foregoing, this Section 5.3 will not prohibit
(i) any retention of copies of records or disclosure (A) required by any applicable Law so long as reasonable prior notice is
given to Buyer and the Company of such disclosure and a reasonable opportunity is afforded Buyer and the Company to contest the
same or (B) made in connection with the enforcement of any right or remedy relating to this Agreement or the transactions contemplated
thereby, (ii) the use by any Seller of general industry information or know-how in such Seller’s ordinary course of business,
or (iii) the use by any Seller of Confidential Information in the course of such Seller’s duties as an employee of the Company
or Buyer.

 

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5.4
Further Assurances. From time to time after the Closing Date, upon reasonable request of any Party, each Party shall execute,
acknowledge and deliver all such other instruments and documents and shall take all such other actions reasonably required to
consummate and make effective the transactions contemplated by the Transaction Documents.

 

5.5
Non-Competition and Non-Solicitation.

 

(a)
The Sellers acknowledge and agree that (i) Buyer has required that each Seller, for itself and on behalf of its Related Persons,
make the covenants set forth in this Section 5.5 as a condition to Buyer’s willingness to purchase the Company Interests
pursuant to this Agreement, (ii) the provisions of Section 5.3 and this Section 5.5 are reasonable and necessary
to protect the goodwill of the business of the Company from and after Closing, and (iii) that a breach or threatened breach of
Section 5.3 or this Section 5.5 would give rise to irreparable harm to Buyer, for which monetary damages would not
be an adequate remedy, and hereby agree that in the event of a breach or a threatened breach by any Seller of any such obligations,
Buyer shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled
to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may
be available from a court of competent jurisdiction (without any requirement to post bond).

 

(b)
Accordingly, in consideration of the premises contained herein and in consideration of and as an inducement to Buyer to consummate
the transactions contemplated by this Agreement, each Seller, for itself and on behalf of such Seller’s Related Persons,
covenants and agrees that, no such Person shall, directly or indirectly:

 

(i)
with respect to all Sellers and their respective Related Persons, during the period from and after the Closing Date until the
third (3rd) anniversary of the Closing Date (such period, the “Restricted Period”), engage or invest
in, own, manage, operate, finance, control, receive a financial interest in, or participate in the ownership, management, operation,
financing, or control of, be employed by, any business that is primarily engaged in the development of sales enablement SaaS platform
software (the “Restricted Business”) in the United States (the “Restricted Territory”);
provided, that (1) such Person may purchase or otherwise acquire up to (but not more than) two percent (2%) of any class
of securities of any enterprise (but without otherwise participating in the activities of such enterprise) if such securities
are listed on any national securities exchange or have been registered under Section 12(g) of the Exchange Act, (2) notwithstanding
the foregoing, no member of a Seller’s Family (other than such Seller) shall be prohibited from being employed by any business
engaged in the Restricted Business, and (3) notwithstanding the foregoing, any member of a Seller’s Family (other than such
Seller) may purchase or otherwise acquire up to (but not more than) two percent (2%) of any class of securities of any enterprise
(but without otherwise participating in the activities of such enterprise except as an employee pursuant to the immediately preceding
clause (2));

 

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(ii)
during the applicable Restricted Period whether for such Person’s own account or the account of any other Person: (A) solicit,
employ, or otherwise engage as an employee, independent contractor or otherwise, any Person who was an employee of the Company
on the Closing Date or in any manner induce or attempt to induce any such employee of the Company to terminate such employee’s
employment with the Company, Buyer or Buyer’s Affiliates (including Parent) or (B) interfere with the relationship of the
Company, Buyer or Buyer’s Affiliates with any Person who was an employee of the Company on the Closing Date; provided,
that such Person shall not be prohibited from placing any advertisements for positions to the public generally;

 

(iii)
during the applicable Restricted Period: (A) solicit for business, which business is competitive with that of the Company, any
customer, client or vendor of the Company, (B) encourage, induce, seek to encourage or induce, or assist any other Person to encourage,
induce or seek to encourage or induce any customer, client or vendor of the Company to cease or adversely change its, his or her
business relationship or dealings with the Company or (C) in any way deliberately interfere with the relationship between the
Company and any customer, client or vendor; or

 

(iv)
during the applicable Restricted Period: disparage the other Parties hereto, any of their respective Affiliates, the Company,
Buyer or any of their respective services. The foregoing shall not be violated by truthful statements in response to legal process,
required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions
in connection with such proceedings), truthful statements in connection with any claim or matter relating to this Agreement or
the transactions contemplated hereby or information provided in confidence to such Person’s legal counsel.

 

(c)
If any covenant of any Person in Section 5.3 or this Section 5.5 is held to be unreasonable, arbitrary, or against
public policy, such covenant shall be considered to be divisible with respect to scope, time and geographic area, and such lesser
scope, time or geographic area, or all of them, as a court of competent jurisdiction may determine to be reasonable, not arbitrary,
and not against public policy, shall be effective, binding and enforceable against such Person.

 

(d)
The period of time applicable to any covenant in this Section 5.5 for any Person shall be extended by the duration of any
breach by such Person of such covenant (as determined in a final, unappealable judgement by a court of competent jurisdiction).

 

5.6
Cooperation in Litigation. In the event that a claim is asserted against Buyer or any of its Affiliates (including, after
the Closing, the Company) with respect to the business of the Company or any of the transactions contemplated hereby, each Seller,
at Buyer’s sole expense and in any event subject to Article VI, (and, prior to Closing, the Company shall) reasonably
cooperate with Buyer in the defense of such claim. Each Seller shall, at Buyer’s sole expense and in any event subject to
Article VI (and, prior to Closing, the Company shall), reasonably consult with Buyer regarding the defense of any proceedings
or litigation against the Company or any Seller relating to any of the transactions contemplated hereby.

 

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5.7
Governmental Approvals and Consents. Each party hereto shall, as promptly as possible, (i) make, or cause or be made, all
filings and submissions required under any Law applicable to such party or any of its Affiliates; and (ii) use commercially reasonable
efforts to obtain, or cause to be obtained, all consents, authorizations, Orders and approvals from all Governmental Authorities
that may be or become necessary for its execution and delivery of this Agreement and the performance of such party’s obligations
pursuant to this Agreement and the other Transaction Documents. Each party shall cooperate fully with the other parties and their
Affiliates in promptly seeking to obtain all such consents, authorizations, Orders and approvals. The parties hereto shall not
wilfully take any action that will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations,
Orders and approvals.

 

5.8
Public Announcements. Unless otherwise required by applicable Law (based upon the reasonable advice of counsel), no party
to this Agreement shall make any public announcements in respect of this Agreement or the transactions contemplated hereby or
otherwise communicate with any news media without the prior written consent of the other parties (which consent shall not be unreasonably
withheld or delayed), and the parties shall cooperate as to the timing and contents of any such announcement. Notwithstanding
the foregoing, (A) Buyer shall be permitted to (a) issue press releases, make public announcements to and communicate with employees,
customers and suppliers without the consent or participation of the Sellers, and (b) make customary disclosures to its Affiliates
and/or their respective investors, potential investors, members or limited partners, so long as any such Person is bound by a
confidentiality obligation with respect thereto, and (B) Parent shall be permitted to file a Form 8-K with the SEC, which Form
8-K shall include as an exhibit thereto a copy of this Agreement, the other Transaction Documents and, if determined by Parent,
a copy of the press release issued by Parent regarding the execution by the Parties of this Agreement and the other Transaction
Documents.

 

5.9
Release of Claims. Effective as of the Closing, each Seller, for and on behalf of himself or itself and each of his or
its Affiliates, does hereby (and shall be deemed to have) IRREVOCABLY and UNCONDITIONALLY release, acquit and forever discharge
the Released Parties, and each of them individually, from the Released Claims. Sellers hereby expressly waive any rights they
have or may have under applicable Law to preserve Released Claims which they do not know or suspect to exist in their favor at
the time of executing this Agreement. Sellers understand and acknowledge that they may discover facts different from, or in addition
to, those which Sellers know or believe to be true with respect to the Released Claims, and agree that the release provided in
this Section 5.9 shall be and remain effective in all respects notwithstanding any subsequent discovery of different or
additional facts. If any Seller discovers that any fact relied upon in entering into such release was untrue, or that any fact
was concealed, or that an understanding of the facts or law was incorrect, such Seller shall not be entitled to any relief as
a result thereof, and Sellers hereby surrender any rights they might have to rescind the release provided in this Section 5.9
on any ground. Subject to the last sentence of this Section 5.9, Sellers will forever refrain and forbear from commencing,
instituting or prosecuting any lawsuit, action or other proceeding of any kind against the Released Parties based on, arising
out of, or in connection with any Released Claim. Sellers represent and warrant that they have full power and authority to release
the Released Claims and that they have not assigned any rights in the Released Claims to any other Person. This Agreement is intended
to be effective as a general release of and bar to all claims as stated in this Section 5.9. Accordingly, each Seller expressly
waives all rights under Section 1542 of the California Civil Code, which states, “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS
THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE
AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
Notwithstanding the foregoing, nothing set forth in this Section 5.9 shall affect the ability of Sellers to bring a claim
or other Action under this Agreement or any of the other Transaction Documents and nothing in this Agreement shall be interpreted
to release the Buyer from any of its obligations to Sellers under this Agreement.

 

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5.10
Waiver of Rights. Each Seller and the Company hereby irrevocably waives any rights of first refusal, rights of first offer,
call or put rights or similar rights pursuant to the Company LLC Agreement (and under any other applicable agreement) with respect
to the consummation of the transactions contemplated by this Agreement, including the Rollover and any other transfer of Company
Interests or other equity interests contemplated herein or therein.

 

5.11
Supplement to Disclosure Schedules. From time to time prior to the Closing, Sellers shall have the right (but not the obligation)
to supplement or amend the Disclosure Schedule hereto with respect to any matter hereafter arising or of which it becomes aware
after the date hereof (each, a “Schedule Supplement”). Any disclosure in any such Schedule Supplement shall
be deemed to have cured any inaccuracy in or breach of any representation or warranty contained in this Agreement, including for
purposes of the indemnification or termination rights contained in this Agreement or of determining whether or not the conditions
set forth in Section 6.2 have been satisfied.

 

ARTICLE
VI

Indemnification

 

6.1
Indemnification by Sellers.

 

(a)
Subject to the provisions of this Article VI, each Seller, separately and not jointly
and severally, based on such Seller’s Pro Rata Share, shall indemnify and hold harmless Buyer, its Affiliates (including,
after the Closing, the Company and Parent) and their respective successors and permitted assigns (individually, a “Buyer
Indemnified Party” and collectively, the “Buyer Indemnified Parties”) from, against and in respect
of all Damages suffered or incurred by any Buyer Indemnified Party in connection with, resulting from or arising out of:

 

(i)
any breach or inaccuracy of any representation or warranty of the Company set forth in this Agreement;

 

(ii)
any nonfulfillment or breach prior to the Closing of any covenant or agreement on the part of the Company set forth in this Agreement;

 

(iii)
any Unpaid Company Indebtedness, Unpaid Transaction Expenses and Change of Control Payments; and

 

(iv)
notwithstanding any disclosure in the Disclosure Schedule, any non-compliance with the terms of the Company PPP Loan or the inability
to secure forgiveness of the Company PPP Loan, including for failure to receive consent for this Agreement and the transactions
contemplated herein, and all costs, expenses and penalties associated therewith. There shall be no liability for indemnification
under this Section 6.1(a)(iv) unless the aggregate amount of Damages, costs, expenses and penalties under this Section
6.1(a)(iv) exceeds $45,000, at which time Sellers will be obligated to indemnify Buyer Indemnified Parties only with respect
to the aggregate amount of all Damages, costs, expenses and penalties described in this Section 6.1(a)(iv) in excess of
such amount. Notwithstanding anything to the contrary in this Agreement, the Seller Indemnification Threshold and the Cap shall
not apply to the indemnification provided in this Section 6.1(a)(iv).

 

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(b)
Subject to the provisions of this Article VI, each Seller, separately and not jointly
and severally, shall indemnify and hold harmless the Buyer Indemnified Parties from, against and in respect of all Damages
suffered or incurred by any Buyer Indemnified Party in connection with, resulting from or arising out of:

 

(i)
any breach or inaccuracy of any representation or warranty of such Seller set forth in this Agreement; and

 

(ii)
any nonfulfillment or breach of any covenant or agreement on the part of such Seller set forth in this Agreement.

 

6.2
Indemnification by Buyer. Subject to the provisions of this Article VI, Buyer shall indemnify and hold harmless
each Seller, its Affiliates (excluding for the avoidance of doubt, the Company) and their respective successors and permitted
assigns (individually, a “Seller Indemnified Party” and collectively, the “Seller Indemnified Parties”)
from and against all Damages suffered or incurred by any Seller Indemnified Party in connection with, resulting from or arising
out of:

 

(a)
any breach or inaccuracy of any representation or warranty of Buyer set forth in this Agreement; and

 

(b)
any nonfulfillment or breach of any covenant or agreement on the part of Buyer set forth in this Agreement.

 

6.3
Limitations on Indemnification Obligations. 

 

(a)
Notwithstanding Section 6.1, there shall be no liability for indemnification under Section 6.1(a)(i) unless the
aggregate amount of Damages under this Agreement exceeds $30,000 (the “Seller Indemnification Threshold”),
at which time Sellers will be obligated to indemnify Buyer Indemnified Parties only with respect to the aggregate amount of all
Damages described in Section 6.1(a)(i) in excess of such amount, subject to the remaining limitations in this Article
VI (including the limitations set forth in Section 6.3(b)). In no event shall Sellers maximum indemnification liability
to Buyer Indemnified Parties (i) pursuant to Section 6.1(a)(i) exceed $560,000 (the “Cap”), and (ii)
pursuant to this Agreement exceed the aggregate amount of the cash proceeds actually received directly by the Sellers pursuant
to this Agreement (other than claims arising from Fraud on the part of a party hereto in connection with the transactions contemplated
by this Agreement) or, with respect to each individual Seller, such Seller’s Pro Rata Portion of the aggregate cash proceeds
actually received by the Sellers.

 

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(b)
Notwithstanding the foregoing, the Seller Indemnification Threshold and the Cap shall not apply to Damages based upon, arising
out of, with respect to or by reason of (i) any inaccuracy in or breach of any Fundamental Representation, (ii) any claims arising
from Fraud on the part of a party hereto in connection with the transactions contemplated by this Agreement, or (iii) any claims
arising under Section 6.1(a)(iv).

 

(c)
Subject to Section 6.3(a), for purposes of this Article VI, solely for purposes of calculating the amount of any
Damages arising from a breach of any representation, warranty or covenant contained in this Agreement which is qualified by the
words “material,” “in all material respects” or similar “materiality” qualifiers, such Damages
shall be calculated as if such qualifier were not contained therein.

 

(d)
Notwithstanding anything in this Agreement to the contrary, no party will be entitled to indemnification or reimbursement under
any provision of this Agreement for any amount to the extent such party or its Affiliates have been indemnified or reimbursed
for such amount under any other provision of this Agreement or any other document executed in connection with this Agreement or
otherwise. For the avoidance of doubt, Damages shall not include any amounts that were actually included in Unpaid Company Indebtedness,
Unpaid Transaction Expenses or Change of Control Payments or as liabilities in the final determination of Working Capital.

 

(e)
Furthermore, in the event any Damages related to a claim by any of the Indemnified Parties are covered by insurance, the parties
will use commercially reasonable efforts to seek recovery under available insurance (with no requirement to file a lawsuit or
any other legal proceeding against an insurer), and no Indemnified Party will be entitled to recover from any of the Indemnifying
Parties (and shall refund amounts received up to the amount of indemnification actually received) with respect to such Damages
to the extent the Indemnified Party actually recovers the insurance payment specified in the policy, in each case giving effect
to deductibles or self-insured or co-insurance payments made and net of the present value of any reasonably probable increase
in insurance premiums or other reasonable charges paid or to be paid by the Indemnified Party resulting from such Damages and
all reasonable costs and expenses incurred by the Indemnified Party in recovering such proceeds from its insurers.

 

6.4
Survival and Expiration of Representations, Warranties, Covenants and Agreements. With respect to any claim that any Party
may have against any other Party that is permitted pursuant to the terms of this Agreement, the survival periods set forth and
agreed to in this Section 6.4 shall govern when any such claim may be brought.

 

(a)
The representations and warranties (other than the Fundamental Representations) made by the Parties in this Agreement shall survive
the Closing and shall expire on the date that is twelve (12) months after the Closing Date; provided, that the Fundamental
Representations shall survive until sixty (60) days after the expiration of the statute of limitations applicable to the subject
matter of the representations and warranties set forth in those Sections.

 

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(b)
The covenants and agreements of the Parties under this Agreement shall survive the Closing in accordance with their terms.

 

(c)
If a Claim Notice has been timely given in accordance with this Agreement prior to the expiration of the applicable survival period
for such representation, warranty, covenant or agreement, then the applicable representation, warranty, covenant or agreement
shall survive solely as to such claim, until such claim has been finally resolved.

 

6.5
Indemnification Procedures. All claims for indemnification under this Article VI (“Claims”) shall
be asserted and resolved as follows:

 

(a)
In the event that any Person entitled to indemnification hereunder (the “Indemnified Party”) has a Claim against
any Party obligated to provide indemnification pursuant to Section 6.1 or Section 6.2 (the “Indemnifying
Party”) arising out of a Claim asserted against an Indemnified Party by a third party (a “Third Party Claim”),
the following provisions shall apply:

 

(i)
The Indemnified Party shall with reasonable promptness notify the Indemnifying Party in writing of such Third Party Claim, describing
the Third Party Claim in reasonably detail and the amount or the estimated amount thereof to the extent then feasible (which estimate
shall not be conclusive of the final amount of such Third Party Claim) of the Damages that have been or may be sustained by the
Indemnified Party (the “Claim Notice”). The Indemnified Party’s failure to give reasonably prompt notice
as required by this Section 6.5 of any Third Party Claim which may give rise to a right of indemnification hereunder shall
not relieve the Indemnifying Party of any liability which the Indemnifying Party may have to the Indemnified Party, except to
the extent that the failure to give such notice materially and adversely prejudiced the Indemnifying Party.

 

(ii)
If any Indemnified Party asserts a Claim involving a Third Party Claim, the Indemnifying Party shall, within fifteen (15) calendar
days from delivery of the Claim Notice (the “Notice Period”), notify the Indemnified Party whether or not the
Indemnifying Party desires to defend against such Third Party Claim. If, and for so long as, the Indemnifying Party notifies the
Indemnified Party within the Notice Period that the Indemnifying Party desires to defend the Indemnified Party against such Third
Party Claim, then except as hereinafter provided, such Indemnifying Party shall have the right to defend against such Third Party
Claim by appropriate proceedings with legal counsel reasonably acceptable to the Indemnified Party (such acceptance not to be
unreasonably withheld, conditioned or delayed); provided, however, that, unless the Indemnified Party otherwise
agrees in writing (which agreement shall not be unreasonably withheld, conditioned or delayed), the Indemnifying Party may not
settle any matter (in whole or in part) unless such settlement (I) includes a complete and unconditional release of the Indemnified
Party and its Affiliates in respect of the Third Party Claim, (II) involves no admission of wrongdoing by the Indemnified Party
or its Affiliates and (III) excludes any injunctive or non-monetary relief applicable to the Indemnified Party or its Affiliates.
If the Indemnified Party desires to participate in, but not control, any such defense or settlement the Indemnified Party may
do so at its sole cost and expense. If the Indemnifying Party, having elected to assume such control, thereafter fails to defend
the Third Party Claim within a reasonable period of time or with reasonable diligence, the Indemnified Party shall be entitled
to assume such control, and the Indemnifying Party shall have the right to be informed and consulted with respect to the negotiation,
settlement or defenses of such Third Party Claim.

 

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(iii)
If (A) the Indemnifying Party elects not to defend the Indemnified Party against such Third Party Claim, (B) fails to defend such
claim within a reasonable period of time or with reasonable diligence, or (C) the Indemnified Party advises that there are conflicts
of interest that, based on advice of counsel, cause the joint representation of the Indemnifying Party and Indemnified Party by
a single counsel to cause joint representation of the indemnifying and indemnified parts to be inappropriate under applicable
standards of professional conduct, then the Indemnified Party, without waiving any rights against the Indemnifying Party, may
assume control of the defense of such Third Party Claim and the Indemnifying Party shall have the right to be informed and consulted
with respect to the negotiation, settlement or defenses of such Third Party Claim. If the Indemnified Party is defending a Third
Party Claim, such Indemnified Party may not settle any matter (in whole or in part) unless the Indemnifying Party agrees in writing
thereto (which agreement shall not be unreasonably withheld conditioned or delayed).

 

(b)
For purposes of this Section 6.5, (i) if any or all Sellers comprise the Indemnifying Party, any references to the Indemnifying
Party (except provisions relating to an obligation to make any payments) shall be deemed to refer to the Seller Representative,
and (ii) if any or all Sellers comprise the Indemnified Party, any references to the Indemnified Party (except provisions relating
to an obligation to make or a right to receive any payments) shall be deemed to refer to the Seller Representative.

 

6.6
Payment. Once a Claim has been finalized pursuant to the procedures set forth in Section 6.5, the Indemnifying Party
shall promptly remit to the Indemnified Party the amount of any such Claim. If any Seller is the Indemnifying Party, Sellers obligations
to indemnify Buyer Indemnified Parties pursuant to Section 6.1 or Section 5.2(d) shall be satisfied by the Seller
Representative (on behalf of the Sellers).

 

6.7
Obligation to Mitigate. Each Indemnified Party shall take, and cause its Affiliates to take, all reasonably steps to mitigate
any Damages upon becoming aware of any event or circumstances that would be reasonably expected to, or does, give rise thereto,
including incurring costs only to the minimum, extent necessary to remedy the breach that give rise to such Damages.

 

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6.8
Exclusive Remedy. Except as otherwise expressly provided in this Agreement (including, for the avoidance of doubt, disputes
under Section 1.5, which are subject to a specified dispute resolution procedure) and except with respect to Fraud, claims
for injunctive or other equitable relief under Section 8.8 or offset rights, the remedies provided for in this Article
VI and in Section 5.2(d) will be the sole and exclusive remedies of the parties hereto and their Affiliates and their
respective stockholders, members, managers, trustees, officers, directors, employees, agents, representatives, successors and
assigns for claims arising out of any breach of or inaccuracy in any representation, warranty, covenant, agreement or obligation
contained in this Agreement or in any certificate delivered pursuant hereto. In furtherance
of the foregoing, each party hereby waives, to the fullest extent permitted under Law, any and all rights, claims and causes of
action for any breach of any representation, warranty, covenant, agreement or obligation
set forth herein or otherwise relating to the subject matter of this Agreement it
may have against the other parties hereto and their Affiliates and each of their respective Representatives arising under or based
upon any Law, except pursuant to the indemnification provisions set forth in this Article VI; provided, however,
that the rights and remedies provided by this Agreement are cumulative and non-exclusive, and the availability or use of any one
right or remedy by any party will not preclude or waive the right to use any or all other remedies. The provisions in this Article
VI do not: (a) waive or affect any claims for Fraud to which any party may be entitled, or relieve or limit the liability
of any party from any liability arising out of or resulting from claims for Fraud, and (b) waive or affect any equitable remedies
to which any party may be entitled.

 

ARTICLE
VII

Definitions

 

7.1
Specific Definitions. As used in this Agreement, the following terms shall have the following meanings:

 

(a)
“Acquisition Proposal” means any inquiry, proposal or offer from any Person (other than Buyer or any of its
Affiliates) concerning (a) a merger, consolidation, liquidation, recapitalization, equity interest exchange or other business
combination transaction involving the Company; (b) the issuance or acquisition of membership interests or other equity securities
of the Company; or (c) the sale, lease, exchange or other disposition of any significant portion of the Company’s properties
or assets.

 

(b)
“Action” means civil, criminal or administrative action, suit, litigation, claim, complaint, hearing, investigation,
inquiry, review, examination, audit, arbitration or proceeding by or before any Governmental Authority.

 

(c)
“Affiliate” means, with respect to any specified Person, any Person that, directly or indirectly through one
or more entities, controls or is controlled by, or is under common control with, such specified 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.

 

(d)
“Assets” means all tangible, intangible and other assets, contracts, rights and properties used, held for use,
owned or purportedly owned by the Company.

 

(e)
“Benefit Arrangement” means any benefit plan, policy, contract or arrangement, whether written or unwritten,
that is not a Benefit Plan and that provides benefits, compensation, including employment agreements or consulting agreements,
severance pay, stay or retention bonuses or compensation, change in control payments or benefits, executive or incentive compensation,
sick leave, vacation pay, disability pay, retirement, post-employment benefit, deferred compensation, bonus, commission bonus,
equity based compensation, including stock purchase and stock option incentives, hospitalization, medical or disability insurance,
life insurance, tuition reimbursement, material fringe benefit and any plans subject to Section 125 of the Code.

 

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(f)
“Benefit Plan” has the meaning given in ERISA Section 3(3), together with contracts, plans or arrangements
that would be so defined if they were not otherwise exempt from ERISA by that or another section.

 

(g)
“Books and Records” means, with respect to the Company, any and all business records, financial books and records,
minute books, sales order files, purchase order files, supplier lists, customer lists, studies, surveys, analyses, strategies,
plans, forms, designs, diagrams, drawings, specifications and technical data.

 

(h)
“Business Day” means any day other than (i) a Saturday or Sunday or (ii) a day on which the banking institutions
located in Newport Beach, California are generally authorized or required by Law, executive Order or governmental decree to remain
closed.

 

(i)
“CARES Act” means The Coronavirus Aid, Relief, and Economic Security Act, Pub.L. 116–136 (03/27/2020).

 

(j)
“Change of Control Payments” means the aggregate amount of any bonuses or other similar types of payments made
or required to be made, as of the Closing Date, to employees of the Company as a result of the transactions contemplated by this
Agreement, in all cases, including any employer payroll and other employment Taxes payable by the Company in connection therewith.

 

(k)
“Closing Payment Certificate” means a certificate signed by an officer of the Company and the Seller Representative,
setting forth the allocation of the payment of the Closing Payment to Sellers in accordance with the Company LLC Agreement and
the allocation of the Change of Control Payments to the applicable employees of the Company.

 

(l)
“COBRA” means Part 6 of Title I of ERISA.

 

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

 

(n)
“Commercial Tax Agreement” means customary commercial agreements not primarily related to Taxes that contain
agreements or arrangements relating to the apportionment, sharing, assignment or allocation of Taxes (such as financing agreements
with Tax gross-up obligations or leases with Tax escalation provisions).

 

(o)
“Company Benefit Arrangement” means any Benefit Arrangement sponsored or maintained by the Company or with
respect to which the Company has any current or future Liability (whether actual, contingent, with respect to any of its assets
or otherwise), in each case with respect to any present or future employees, consultants or service providers of the Company.

 

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(p)
“Company Benefit Plan” means any Benefit Plan sponsored or maintained by the Company or with respect to which
the Company has any current or future Liability (whether actual, contingent, with respect to any of its assets or otherwise),
in each case with respect to any present or former employees, consultants, or service providers of the Company.

 

(q)
“Company Indebtedness” means, at any time, without duplication, the aggregate amount of (i) indebtedness of
the Company for borrowed money, and any accrued interest and fees and expenses (if any) related thereto to the extent paid or
payable at the Closing, including the Company PPP Loan, (ii) indebtedness of the Company evidenced by any note, bond, debenture,
mortgage or other debt instrument or debt security, (iii) obligations of the Company under any interest rate, currency or other
hedging agreement, (iv) obligations of the Company under any performance bond or letter of credit, but only to the extent drawn
or called prior to the Closing Date, (v) all capitalized lease obligations of the Company as determined under GAAP, (vi) all unpaid
non-Income Taxes of the Company (regardless of whether such Taxes are due and payable as of the Closing Date) with respect to
all Pre-Closing Tax Periods (which shall not be an amount less than zero, which shall not include any offsets or reductions with
respect to refunds or overpayments of Tax), (vii) guarantees by the Company with respect to any indebtedness of any other Person
of a type described in clauses (i) through (vi) above, and all accrued interest thereon, if any, and any termination fees, prepayment
penalties or premiums, “breakage” cost or similar payments associated with the repayments of such amounts on the Closing
Date to the extent paid or payable on the Closing Date. For the avoidance of doubt, Company Indebtedness shall not include (A)
any obligations of the Company under any performance bond or letter of credit to the extent undrawn or uncalled, (B) any Liability
accounted for in determining the Final Working Capital Amount, (C) any intercompany Liability of the Company, and (D) any indebtedness
incurred by Buyer and its Affiliates (and subsequently assumed by the Company) on the Closing Date.

 

(r)
“Company Intellectual Property” means all Intellectual Property used, or held for use, in the Company’s
conduct of its business in the manner currently conducted, including all Company Licensed Intellectual Property and all Company
Owned Intellectual Property.

 

(s)
“Company Leased Real Property” means all Real Property leased by the Company.

 

(t)
“Company Licensed Intellectual Property” means all Intellectual Property that is licensed to, or as to which
other rights of use are granted to, the Company by any third party.

 

(u)
“Company LLC Agreement” means the Operating Agreement of the Company, dated as of April 22, 2010, as amended.

 

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(v)
“Company Owned Intellectual Property” means all Intellectual Property owned or purported to be owned by the
Company, in whole or in part.

 

(w)
“Company’s knowledge”, “knowledge of the Company”, “known by the Company”
or phrases of similar import, mean the actual knowledge of Steve Deverall and Dustin Kenyon.

 

(x)
“Confidential Information” means, as to any Person, any information not generally known outside such Person
that may be of value to such Person, including information that has not been disclosed to the public or to the trade with respect
to such Person’s present or future business, operations, services, products, research, inventions, discoveries, drawings,
designs, plans, processes, models, technical information, facilities, methods, trade secrets, software, source code, systems,
procedures, manuals, specifications, confidential reports, price lists, pricing formulas, customer lists, financial information
(including the revenues, costs or profits associated with any of such Person’s products or services), business plans, lease
structures, projections, prospects, opportunities or strategies, acquisitions or mergers, advertising or promotions, personnel
matters, legal matters, any other confidential and proprietary information, but excludes any information already properly in the
public domain or otherwise publicly known. “Confidential Information” also includes confidential and proprietary
information and trade secrets that third parties entrust to such Person in confidence.

 

(y)
“Confidentiality Agreement” means the Confidentiality Agreement dated as of June 3, 2020 by and between the
Company and Parent.

 

(z)
“Contract” means any contract, plan, undertaking, arrangement, concession, understanding, agreement, agreement
in principle, franchise, permit, instrument, license, lease, sublease, note, bond, indenture, deed of trust, mortgage, loan agreement
or other binding commitment, whether written or oral.

 

(aa)
“COVID-19 Law” means the CARES Act and the Families First Coronavirus Response Act of 2020.

 

(bb)
“COVID-19 Quarantine Period” means with respect to each regular work location the period during which the applicable
state or local Governmental Authority restricted nonessential work at such location.

 

(cc)
“Current Assets” means cash and cash equivalents, and accounts receivable.

 

(dd)
“Current Liabilities” means accounts payable (including credit card debt), unearned income and the N/P Infuse
Media amount; provided, however, that the amount of the PPP Loan shall be excluded from the definition of Current
Liabilities.

 

(ee)
“Current Government Contract” means any Government Contract for which the performance period has not expired
or for which final payment has not been received.

 

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(ff)
“Damages” means, with respect to any Person, all actual liabilities, losses, claims, damages, Taxes, costs
and expenses (including reasonable legal expenses and costs) of such person; provided, however, that other than
to the extent paid or payable to a third party in a Third Party Claim, Damages shall not include any special, indirect, punitive,
incidental, speculative or consequential damages (including without limitation loss of goodwill) or any losses based on any type
of multiple (including for example of revenues or earnings) or any costs or expenses of any party to this Agreement or any of
its Affiliates that are related to the time spent on any indemnified matter by employees or management of such party or Affiliate,
except to the extent such costs or expenses are incurred by a party out-of-pocket (e.g., costs associated with the engagement
of third-party consultants or experts relating to the indemnified matter).

 

(gg)
“Documentation” means printed, visual or electronic materials, reports, white papers, documentation, specifications,
designs, flow charts, code listings, instructions, user manuals, frequently asked questions, release notes, recall notices, error
logs, diagnostic reports, marketing materials, packaging, labeling, service manuals and other information describing the use,
operation, installation, configuration, features, functionality, pricing, marketing or correction of a product, whether or not
provided to end user.

 

(hh)
“Employee Payments” means the aggregate amount of accrued multi-year, annual, quarterly, and/or periodic bonuses,
sales commission and other non-equity cash incentives for employees of the Company in respect of any year or performance period
prior to or in which the Closing Date occurs, whether or not payable in accordance with their terms (“Bonus Payments”).
For clarity, the amount of the Bonus Payments shall represent the amount required to be accrued by the Company for such amounts
for the period ending on the Closing Date.

 

(ii)
“Employee Seller” means any Seller that is an employee of the Company or an Affiliate of any such employee.

 

(jj)
“Equity Interest” means, with respect to any Person, (i) any share, partnership or limited liability company
interest, unit of participation or other similar interest (however designated) in such Person and (ii) any option, warrant, purchase
right, conversion right, exchange right or other agreement that would entitle any other Person to acquire any such interest in
such Person (including share appreciation, phantom share, profit participation or other similar rights).

 

(kk)
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 

(ll)
“ERISA Affiliate” means any Person that, together with the Company, is treated as a single employer under Section
414 of the Code and the regulations issued thereunder.

 

(mm)
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

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(nn)
“Family” means, with respect to a particular individual, (a) the individual, (b) the individual’s spouse,
(c) any other natural Person who is related to the individual or the individual’s spouse within the first degree and (d)
any other natural Person who resides with such individual.

 

(oo)
“Fraud” means common law fraud with intent to deceive another party hereto, or to induce such other party to
enter into this Agreement and requires: (i) a false representation of material fact made in this Agreement or any certificate
expressly required to be delivered pursuant to the terms of this Agreement; (ii) with knowledge that such representation is false;
(iii) with an intention to induce the party to whom such representation is made to act or refrain from acting in reliance upon
it; and (iv) causing such party to actually rely on such representation and to suffer damage by reason of such reliance; provided,
however, that for the avoidance of doubt, “Fraud” shall not include constructive fraud, equitable fraud, promissory
fraud, unfair dealings fraud, or any torts (including fraud) based on negligence or recklessness.

 

(pp)
“Fundamental Representations” means Sections 2.1 (Due Organization; Power; Subsidiaries), 2.2(a)
(Authorization; No Conflict), 2.3 (Capitalization), 2.8 (Taxes), and 2.18 (Brokers and Agents) and Article
III (Representations and Warranties of Sellers), except for Section 3.1(b).

 

(qq)
“GAAP” means generally accepted accounting principles in the United States as in effect from time to time.

 

(rr)
“Government Contract” means any Contract that (i) is between the Company and a Governmental Authority or (ii)
is entered into by the Company as a subcontractor (at any tier) in connection with a Contract between another Person or entity
and a Governmental Authority; provided that any task, delivery, or similar order under any indefinite-type contract shall
not be deemed to be a separate contract, but a part of the contract under which such order is issued.

 

(ss)
“Governmental Authority” means any federal, state, tribal, province, county, local or foreign governmental
or quasi-governmental entity or municipality or subdivision thereof or any authority, department, commission, board, bureau, agency,
court, tribunal, unit, body, instrumentality, licensing authority, enforcement or administrative authority, taxing or arbitral
body, multinational organization, any applicable self-regulatory organization or body entitled to exercise any administrative,
executive or regulatory power of any nature.

 

(tt)
“Income Tax” means any United States federal, state, local or non-U.S. Tax that, in whole or in part, is based
on, measured by or calculated by reference to gross or net income.

 

(uu)
“Income Tax Return” means any Tax Return with respect to any Income Tax.

 

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(vv)
“Intellectual Property” means the following subsisting throughout the world: (i) patents, patent applications,
utility models, design registrations and certificates of invention and other governmental grants for the protection of inventions
or industrial designs (including all related continuations, continuations-in-part, divisionals, reissues and reexaminations) (collectively,
“Patent Rights”); (ii) trademarks and service marks, trade dress, logos, Internet domain names, corporate names,
domain names and doing business designations and all registrations and applications for registration of the foregoing (collectively,
“Trademarks”), and all goodwill in the foregoing; (iii) copyrights, designs, data and database rights and registrations
and applications for registration thereof, including moral rights of authors; (iv) mask works and registrations and applications
for registration thereof and any other rights in semiconductor topologies under the Laws of any jurisdiction; (v) confidential
inventions, invention disclosures, trade secrets, business information, know-how, manufacturing and product processes and techniques,
research and development information, financial, marketing and business data, pricing and cost information, business and marketing
plans and customer and supplier lists and information, whether patentable or non-patentable, whether copyrightable or non-copyrightable
and whether or not reduced to practice; and (vi) other proprietary rights relating to any of the foregoing (including remedies
against infringement thereof and rights of protection of interest therein under the Laws of all jurisdictions).

 

(ww)
“Intellectual Property Registrations” means Patent Rights, registered Trademarks, registered copyrights and
designs, mask work registrations and applications for each of the foregoing.

 

(xx)
“Law” means each applicable law, Order, judgment, rule, code, statute, regulation, requirement, variance, decree,
writ, injunction, award, ruling or ordinance of any Governmental Authority, including, without limitation, Title V of the Gramm-Leach-Bliley
Act; Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the Electronic Fund Transfer Act; the U.S.A.
PATRIOT Act of 2001; the Bank Service Company Act; state escheat statutes; and the rules, regulations and requirements of the
Consumer Financial Protection Bureau, the Financial Crimes Enforcement Network and Office of Foreign Assets Control of the U.S.
Department of the Treasury, the U.S. Federal Trade Commission, and the Federal Financial Institutions Examination Council.

 

(yy)
“Liability” means any direct or indirect liability, guaranty, endorsement, claim, loss, damage, deficiency,
cost, expense, obligation or responsibility, whether accrued, absolute, contingent, mature, unmatured or otherwise and whether
known or unknown, fixed or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured.

 

(zz)
“Lien” means, with respect to any property or asset, any mortgage, security interest, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or otherwise), charge, preference, priority or other security agreement,
option, warrant, attachment, right of first refusal, preemption, conversion, put, call or other claim or right, restriction on
transfer, under any shareholder or similar agreement.

 

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(aaa)
“Material Adverse Effect” means any condition, result, occurrence, fact, change, event or effect (collectively,
“Events”) that, individually or in the aggregate with any other results, occurrences, facts, changes, events
and/or effects, has had, or would reasonably be expected to have, a material adverse effect on (i) the business, assets, operations
or condition (financial or otherwise) of the Company, taken as a whole, or (ii) the ability of the Company, the Seller Representative
or any Seller to consummate the transactions contemplated hereby or to perform their respective obligations hereunder. Notwithstanding
the foregoing, none of the following shall be deemed to constitute or be taken into account in determining whether there has been,
a Material Adverse Effect: (A) changes following the date hereof in the industries in which the Company operates, including in
any change in the financial markets, credit markets or capital markets in the United States, (B) acts of God, or any change in
national or international political or social conditions, including the engagement by the United States or any other country or
group in hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military
or terrorist attack upon the United States or any other country, or any of their respective territories, possessions, or diplomatic
or consular offices or upon any military installation, equipment or personnel of the United States or any other country or group,
(C) any change in GAAP (or the interpretation thereof) after the date of this Agreement, (D) any change in Law, rules, regulations,
Orders, or other binding directives issued by any Governmental Authority (or the interpretation thereof), (E) any failure by the
Company to meet any internal or external operating projections or forecasts or revenue or earnings predictions (provided that
this clause (E) shall not prevent a determination that any change or effect underlying such failure to meet projections or forecasts
has resulted in a Material Adverse Effect), (F) compliance with the terms of, or the taking of any action expressly required by
this Agreement, or the failure to take any action prohibited by this Agreement or any Closing Document or (G) the public announcement
or pendency of this Agreement or any of the transactions contemplated herein; provided, further, in each case under
clauses (A), (B), (C) or (D), such matter shall be disregarded solely to the extent that such change does not disproportionately
affect the Company in a disproportionate manner relative to other Persons operating in the industries and markets in which the
Company operates.

 

(bbb)
“Membership Interest Rollover Amount (Closing)” shall mean $3,200,000.

 

(ccc)
“Membership Interest Rollover Consideration” means the aggregate number of Buyer’s Class B units transferred
to the Sellers as part of the Membership Interest Rollover at Closing, which aggregate number of Buyer’s Class B units shall
be calculated as the Membership Interest Rollover Amount (Closing) divided by the quotient of (A) the sum of the
VWAPs of Parent Common Stock during the ten (10) consecutive Trading Day period ending on the Trading Day immediately preceding
the Closing, divided by (B) ten (10).

 

(ddd)
“Multiemployer Plan” means any Benefit Plan described in Section 3(37) of ERISA.

 

(eee)
“Neutral Accountant” means a nationally- or regionally- recognized accounting firm that is mutually acceptable
to Buyer and the Seller Representative.

 

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(fff)
“Open Source Materials” means all Software, Documentation or other material that is distributed as “free
software”, “open source software” or under a similar licensing or distribution model, including the GNU General
Public License (GPL), GNU Lesser General Public License (LGPL), Mozilla Public License (MPL), or any other license described by
the “Open Source Initiative” as set forth on www.opensource.org.

 

(ggg)
“Order” means any order, writ, injunction, decree, stipulation, judgment, award, determination or demand of
a Governmental Authority.

 

(hhh)
“Ordinary Course of Business” means, when used in relation to an action taken by a Person, that such action:
(a) is consistent with the past practices of such Person and is taken in the ordinary course of the normal day-to-day operations
of such Person as presently conducted; and (b) is not required to be authorized by the board of directors of such Person (or by
any Person or group of Persons exercising similar authority).

 

(iii)
“Organizational Documents” means: (i) the articles or certificate of incorporation and the bylaws of a corporation;
(ii) the partnership agreement and any statement of partnership of a general partnership; (iii) the limited partnership agreement
and the certificate of limited partnership of a limited partnership; (iv) the limited liability company agreement, operating agreement
and the certificate of organization of a limited liability company; (v) the trust agreement and any documents that govern the
formation of a trust; (v) any charter or similar document adopted or filed in connection with the creation, formation, or organization
of a Person; and (vi) any amendment to any of the foregoing.

 

(jjj)
“Parent” means Verb Technology Company, Inc., a Nevada corporation.

 

(kkk)
“Partnership Audit Provisions” means the Bipartisan Budget Act of 2015 and Sections 6221-6231 of the Code (and
the Treasury Regulations promulgated thereunder), as amended thereunder (and comparable provisions of state and local tax law).

 

(lll)
“Pension Plan” means any Benefit Plan subject to Code Section 412 or ERISA Section 302 or Title IV of ERISA
(including any Multiemployer Plan).

 

(mmm)
“Permit” with respect to any Person, any license, registration, accreditation, bond, franchise, permit, consent,
approval, right, privilege, certificate or other similar authorization issued by, or otherwise granted by, any Governmental Authority
or any other Person to which or by which such Person is subject or bound or to which or by which any property, business, operation
or right of such Person is subject or bound.

 

(nnn)
“Permitted Liens” means (i) any Lien for Taxes that are not yet due and payable as of the Closing Date or for
Taxes that the taxpayer is diligently contesting in good faith by appropriate proceedings and for which adequate reserves are
established on the Books and Records of the Company, (ii) any landlord’s, mechanic’s, carrier’s, workmen’s,
repairmen’s or other similar statutory Lien arising or incurred in the ordinary course of business that does not materially
detract from the value or use of the property encumbered thereby, (iii) any minor imperfection of title, condition, easement and
reservation of rights (including any easement and reservation of, or rights of others for, rights of way, sewers, electric lines,
telegraph and telephone lines and other similar purposes), encroachment, covenant or restriction that does not materially detract
from the use of the property encumbered thereby or interfere or otherwise impair the current use, occupancy, value or marketability
of title of the assets subject thereto, (iv) restrictions on transfers under applicable state and federal securities Laws or pursuant
to the terms of the Company LLC Agreement, and (v) Liens that will be released and discharged at or prior to the Closing.

 

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(ooo)
“Person” means any natural person, corporation, general partnership, limited partnership, limited liability
company, limited liability partnership, proprietorship, trust, union, association, court, tribunal, agency, government, department,
commission, self-regulatory organization, arbitrator, board, bureau, instrumentality, Governmental Authority or other entity,
enterprise, authority or business organization.

 

(ppp)
“Pro Rata Share” means, with respect to any Seller, the percentage set forth next to such Seller’s name
on Annex A; for the avoidance of doubt, such percentage shall be calculated without giving effect to the Membership Interest
Rollover.

 

(qqq)
“Qualified Plan” means any Company Benefit Plan that is intended to meet the requirements of Section 401(a)
of the Code.

 

(rrr)
“Real Property” means all interests in real property including fee estates, leaseholds and subleaseholds, purchase
options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon, together
with any additions thereto or replacements thereof.

 

(sss)
“Real Property Lease” means any lease, sublease, license or other Contract with respect to Real Property.

 

(ttt)
“Related Party” means any Seller or any officer, director, partner, manager, equity holder or employee of the
Company or an Affiliate of any such Person.

 

(uuu)
“Related Person” means, (a) with respect to an entity, (i) any Person that directly or indirectly controls,
is directly or indirectly controlled by, or is directly or indirectly under common control with such specified Person; (ii) each
Person that serves as a director, officer, partner, member, manager, executor, or trustee of such specified Person (or in a similar
capacity); (iii) any Person with respect to which such specified Person serves as a general partner or a trustee (or in a similar
capacity); and (iv) any Related Person of any individual described in clause (ii) or (iii) or, (b) with respect to an individual,
(i) each other member or such individual’s Family; (ii) any Person that is directly or indirectly controlled by such individual
or one or more members of such individual’s Family; and (iii) any Person with respect to which such individual or one or
more members of such individual’s Family serves as a director, officer, partner, member, manager, executor, or trustee (or
in a similar capacity).

 

(vvv)
“Released Claims” means, collectively, any and all charges, complaints, claims, Liabilities, obligations, promises,
agreements, covenants, controversies, judgments, executions, damages, proceedings, actions, causes of action, suits, rights, demands,
costs, losses, debts and expenses (including attorneys’ fees and costs) of any nature whatsoever, known or unknown, suspected
or unsuspected, absolute or contingent, direct or indirect, that the Selling Parties or any of their respective Related Persons
have or may have (including nominally or beneficially) against any of the Released Parties related to facts, circumstances, events,
actions or omissions which occurred, arose or accrued prior to the Closing Date, including those arising out of or in connection
with the past or present ownership of equity securities of the Company; and each of the foregoing, individually, is a “Released
Claim”; provided, however, that Released Claims shall not include (a) any right of Sellers arising out
of or relating to this Agreement; or (b) any right of any Seller as an employee of the Company to recover accrued salary, benefits,
bonuses, paid time off and expense reimbursement in the Ordinary Course of Business.

 

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(www)
“Released Parties” means, collectively, (a) the Company and each of its past, present and future Affiliates;
(b) Buyer and each of its past, present and future Affiliates, including Parent; (c) each of the past, present and future Representatives
of the Persons described in clauses (a) and (b) above; and (d) each of the successors and assigns of each of the Persons described
in clauses (a) through (c) above; and, each of the foregoing, individually, is a “Released Party”.

 

(xxx)
“Representatives” means, with respect to any Person, such Person’s officers and directors (or persons
holding comparable positions), employees, consultants, independent contractors, subcontractors, accountants, legal and other agents.

 

(yyy)
“Securities Act” means the United States Securities Act of 1933, as amended.

 

(zzz)
“Sensitive Data” means any information of or about an identifiable living individual that (i) under Law or
obligation by written contract or agreement requires Handling, (ii) under Law or by written contract or agreement requires the
affected individual or a Governmental Authority to be notified if such information is lost, misused, wrongly accessed, wrongly
acquired or compromised; or (iii) alone or in combination with other information can be used to identify an identifiable living
individual.

 

(aaaa)
“Software” means software code, applications, utilities, algorithms, development tools, diagnostics, databases
and/or embedded systems, whether in source code, interpreted code or object code form.

 

(bbbb)
“Target Working Capital” means $(100,000).

 

(cccc)
“Tax” and “Taxes” means any net income, gains, gross income, gross receipts, ad valorem,
premium, value-added, documentary, recapture, alternative or add-on minimum, disability, registration, recording, excise, real
property, personal property, escheat, unclaimed property, sales, use, license, lease, service, service use, transfer, withholding,
employment, unemployment, insurance, social security, national insurance, business license, business organization, environmental,
workers compensation, payroll, profits, severance, stamp, occupation, windfall profits, customs duties, franchise, estimated taxes
and other taxes or similar assessments imposed by the United States of America or any state, local or foreign government, or any
agency or political subdivision thereof, and any interest, fines, penalties or additions to tax imposed with respect to such items.

 

    	53

     

    

 

(dddd)
“Tax Proceeding” means any audit, investigation, litigation, dispute or other similar proceeding with respect
to Taxes.

 

(eeee)
“Tax Return” means any and all reports, returns (including information returns and claims for refunds), declarations,
or statements relating to Taxes, including any schedule or attachment thereto and any amendment thereof filed or required to be
filed with any Governmental Authority in connection with the determination, assessment, collection or payment of Taxes or in connection
with the administration, implementation or enforcement of or compliance with any legal requirement relating to any Tax.

 

(ffff)
“Trading Day” means a day on which the principal Trading Market is open for trading.

 

(gggg)
“Trading Market” means any of the following markets or exchanges on which the Parent Common Stock is listed
or quoted for trading on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq
Global Select Market, the New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

(hhhh)
“Transaction Documents” means this Agreement and each of the other agreements and instruments contemplated
hereby to be executed on the date hereof or on the Closing Date by a Seller, the Seller Representative, the Company, Buyer and/or
any of their respective Affiliates. For the avoidance of doubt, the Transaction Documents include this Agreement, the Membership
Interest Assignment Agreement, the Rollover Agreements, and the Key Employee Agreements.

 

(iiii)
“Transaction Expenses” means, to the extent payable by any Seller or the Company (and not paid by such Seller
or the Company before the Closing), all costs and expenses incurred by or on behalf of any Seller or the Company prior to the
Closing in connection with the preparation, execution and performance of this Agreement and any related agreements in connection
with the transactions contemplated by this Agreement, including, without limitation, all fees and out of pocket expenses due all
attorneys, accountants and financial advisors of any Seller or the Company.

 

(jjjj)
“Unpaid Company Indebtedness” means all Company Indebtedness outstanding at the Closing, other than the Company
PPP Loan.

 

(kkkk)
“Unpaid Employee Payments” means all Employee Payments accrued and unpaid as of the Effective Time.

 

(llll)
“Unpaid Transaction Expenses” means all Transaction Expenses outstanding at the Closing.

 

    	54

     

    

 

(mmmm)
“VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if
the Parent Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Parent Common
Stock for such date (or the nearest preceding date) on the Trading Market on which the Parent Common Stock is then listed or quoted
as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)),
(b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Parent Common Stock for such date (or
the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Parent Common Stock is not then listed or quoted for trading
on OTCQB or OTCQX and if prices for the Parent Common Stock are then reported on the Pink Open Market (or a similar organization
or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Parent Common Stock so
reported, or (d) if the volume weighted average price cannot be calculated for the Parent Common Stock on such date on any of
the foregoing bases, the volume weighted average price of the Parent Common Stock on such date shall be the fair market value
as mutually determined by the Parties. All such determinations shall be appropriately adjusted for any stock dividend, stock split,
stock combination or other similar transaction during such period.

 

(nnnn)
“Working Capital” means, as of the Effective Time, the amount (which may be a positive or negative number),
without duplication, equal to (a) the Current Assets of the Company, at least $250,000 of which shall be in the form of cash,
minus (b) the Current Liabilities of the Company.

 

7.2
Accounting Terms. Except as otherwise expressly provided in this Agreement, all accounting terms used herein shall be interpreted,
and all financial statements and certificates and reports as to financial matters required to be delivered hereunder shall be
prepared, in accordance with GAAP.

 

7.3
Usage. The defined terms herein shall apply equally to both the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. All references herein
to “Articles”, “Sections”, “Exhibits” and “Schedules” shall be deemed to be references
to Articles and Sections of and Exhibits and Schedules to this Agreement unless the context shall otherwise require. The words
“include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”. The phrase “ordinary course of business” shall be deemed to be followed by the phrase “consistent
with past practices”. The word “predecessor” shall, when used with respect to any Person, mean such Person’s
predecessors and any other Person for whose conduct such Person is or may be responsible. The words “hereof”, “herein”
and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement. Unless otherwise expressly provided herein, any Law defined or referred to
herein or in any agreement or instrument that is referred to herein means such Law as from time to time amended, modified, replaced
or supplemented, including succession of comparable successor statutes and references to all attachments thereto and instruments
incorporated therein. Any reference to any federal, state, local or foreign Law shall be deemed also to refer to all rules, regulations,
enforcement procedures and any interpretations formally promulgated and implemented thereunder, unless the context requires otherwise.
Unless otherwise expressly provided, wherever the consent of any Person is required or permitted herein, such consent may be withheld
in such Person’s sole and absolute discretion.

 

    	55

     

    

 

ARTICLE
VIII

General

 

8.1
Notices. Any notice, request, claim, demand, waiver, consent, approval or other communication which is required or permitted
hereunder shall be in writing and shall be deemed given (a) when delivered by hand (with written confirmation of receipt); (b)
when delivered to the address of addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the
date sent by email of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient,
and on the next Business Day if sent after normal business hours of the recipient or (d) on the third calendar day after the date
mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective
Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance
with this Section 8.1):

 

If
to Buyer (or the Company after Closing):

 

Verb
Acquisition Co., LLC

c/o
Verb Technology Company, Inc.

2210
Newport Boulevard, Suite 200

Newport
Beach, California 92663

Attention:
Rory Cutaia, President and CEO

(855)
250-2300 (phone)

rory@verb.tech

 

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

 

Troutman
Pepper Hamilton Sanders LLP

5
Park Plaza, Suite 1400

Irvine,
California 92614

Attention:
Larry A. Cerutti

(949)
622-2710 (phone)

larry.cerutti@troutman.com

 

If
to the Seller Representative:

 

Steve
Deverall

3369
W. Mayflower Avenue, Suite 100

Lehi,
Utah 84043

(801)
209-0163 (phone)

steve@solofire.com

 

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

 

Parr
Brown Gee & Loveless

101
South 200 East, Suite 700

Salt
Lake City, Utah 84111

Attention:
Michael J. Schefer

(801)
257-7966 (phone)

mschefer@parrbrown.com

 

    	56

     

    

 

8.2
Entire Agreement. This Agreement (which includes the Disclosure Schedule, the other Schedules hereto and the Exhibits hereto),
the other Transaction Documents, the Confidentiality Agreement and all other agreements contemplated hereby sets forth the entire
understanding of the Parties with respect to the transactions contemplated hereby. Any and all previous agreements and understandings
between or among the Parties regarding the subject matter hereof, whether written or oral, are superseded by this Agreement. Each
of the Disclosure Schedule, the other Schedules and the Exhibits is incorporated herein by this reference and expressly made a
part hereof, and all terms used in the Disclosure Schedule or any Schedule or Exhibit shall have the meaning ascribed to such
term in this Agreement.

 

8.3
Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their respective
successors and permitted assigns. Neither Party may assign its rights or obligations hereunder without the prior written consent
of the other Party, which consent shall not be unreasonably conditioned, withheld or delayed. No assignment shall relieve the
assigning Party of any of its obligations hereunder.

 

8.4
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which
together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by e-mail shall be deemed
to have the same legal effect as delivery of an original signed copy of this Agreement.

 

8.5
Expenses and Fees. Except as otherwise specifically provided for herein, each of the Parties shall bear its own expenses
in connection with the negotiation and execution of this Agreement, the performance of its obligations hereunder and the consummation
of the transactions contemplated by this Agreement, including, all fees and expenses of its legal counsel, investment bankers,
financial advisors, accountants and other advisors.

 

8.6
Governing Law. This Agreement shall be governed by and construed in accordance with the internal Laws of the State of Nevada
without giving effect to any choice or conflict of law provision or rule (whether of the State of Nevada or any other jurisdiction)
that would cause the application of laws of any jurisdictions other than those of the State of Nevada.

 

8.7
Submission to Jurisdiction. The Parties hereby irrevocably submit to the exclusive jurisdiction of any federal or state
court sitting in the State of Nevada over all claims or causes of action (whether in contract or tort) that may be based upon,
arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement (including any claim
or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this
Agreement or as an inducement to enter into this Agreement) and each party hereby irrevocably agrees that all claims in respect
of any such Action related thereto may be heard and determined in such courts. The parties hereby irrevocably waive, to the fullest
extent permitted by applicable Law, any objection that they may now or hereafter have to the laying of venue of any such dispute
brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties agrees that
a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by Law. EACH OF THE PARTIES HEREBY EXPRESSLY WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY CLAIM OR CAUSE OF ACTION (WHETHER IN CONTRACT
OR TORT) BROUGHT BY OR AGAINST IT THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS AGREEMENT, OR THE NEGOTIATION, EXECUTION
OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION
OR WARRANTY MADE IN OR IN CONNECTION WITH THIS AGREEMENT OR AS AN INDUCEMENT TO ENTER INTO THIS AGREEMENT).

 

    	57

     

    

 

8.8
Specific Performance. Each Party acknowledges that the other Parties will be irreparably harmed and that there will be
no adequate remedy at law for any violation by any Party of any of the covenants or agreements contained in the Transaction Documents.
It is accordingly agreed that, in addition to any other remedies which may be available upon the breach of any such covenants
or agreements, each Party shall have the right, prior to any termination of this Agreement, to injunctive relief to restrain a
breach or threatened breach of, or otherwise to obtain specific performance of, the other Parties’ covenants and agreements
contained in the Transaction Documents, in any court of the United States or any state thereof having jurisdiction over the Parties
and the matter, in addition to any other remedy to which it may be entitled, at law or in equity. Any Party seeking an injunction
or injunctions to prevent breaches of any of the covenants or agreements contained in the Transaction Documents and to enforce
specifically the terms and provisions of the Transaction Documents shall not be required to provide any bond or other security
in connection with such Order or injunction.

 

8.9
Severability. If any provision of this Agreement or the application thereof to any Person or circumstances is held by a
court of competent jurisdiction or other authority to be invalid or unenforceable in any jurisdiction, the remainder hereof, and
the application of such provision to such Person or circumstances in any other jurisdiction, shall not be affected thereby, and
to this end the provisions of this Agreement shall be severable. Upon such a determination, the Parties shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in a mutually acceptable
manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible.

 

8.10
Amendment; Waiver. This Agreement may be amended by the Parties at any time by execution of an instrument in writing signed
on behalf of each of the Parties. Any extension or waiver by any Party of any provision hereto shall be valid only if set forth
in an instrument in writing signed on behalf of such Party against whom such extension or waiver is to be effective.

 

8.11
Absence of Third Party Beneficiary Rights. No provision of this Agreement is intended, nor will be interpreted, to provide
or to create any third party beneficiary rights or any other rights of any kind in any client, customer, Affiliate, stockholder,
officer, director, employee or partner of any Party or any other Person, other than the Parties, Buyer Indemnified Parties and
the Seller Indemnified Parties.

 

8.12
Mutual Drafting. This Agreement is the mutual product of the Parties, and each provision hereof has been subject to the
mutual consultation, negotiation and agreement of each of the Parties, and shall not be construed for or against any Party.

 

    	58

     

    

 

8.13
Further Representations. Each Party acknowledges and represents that it has been represented by its own legal counsel in
connection with the transactions contemplated hereby, with the opportunity to seek advice as to its legal rights from such counsel.
Each Party further represents that it is being independently advised as to the tax consequences of the transactions contemplated
hereby and is not relying on statements made by any other Party as to such tax consequences, except as expressly provided herein.

 

8.14
Public Disclosure. Except for a press release approved by the Seller Representative and Buyer at, prior to or after the
Closing, or as required by applicable Law, none of the Parties shall make any disclosure or permit any of their respective Affiliates
to make any disclosure (whether or not in response to an inquiry) of the subject matter of this Agreement unless previously approved
by Buyer and the Seller Representative in writing, which approval shall not be unreasonably conditioned, withheld or delayed.
No Seller shall, and each Seller shall cause each of its Affiliates not to, at any time, divulge, disclose or communicate to others
in any manner whatsoever, information or statements which disparage or are intended to disparage Buyer, the Company or any of
their respective Affiliates and their respective business reputations. Any Party may disclose the terms of the Transaction Documents
to its accountants and advisors who have a “need-to-know” solely for the purpose of providing services related to
the transactions contemplated by this Agreement to such party.

 

8.15
Currency. Whenever any payment hereunder is to be paid in “cash”, payment shall be made in the legal tender
of the United States and the method for payment shall be by wire transfer of immediately available funds. In the event there is
any need to convert U.S. dollars into any foreign currency, or vice versa, for any purpose under this Agreement, the exchange
rate shall be that published by The Wall Street Journal on the date an obligation is paid (or if The Wall Street Journal
is not published on such date, the first date thereafter on which The Wall Street Journal is published).

 

[Signature
Pages Follow]

 

    	59

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Membership Interest Purchase Agreement as of the day and year first written above.

 

	 	COMPANY:
	 	 	                            
	 	ASCEND
    CERTIFICATION, LLC
	 	 	
	 	By:
    	/s/
    Steve Deverall
	 	Name:
    	Steve
    Deverall
	 	Title:	President
	 	 	 
	 	SELLER
    REPRESENTATIVE:
	 	 	 
	 	/s/
    Steve Deverall
	 	Steve
    Deverall

 

[Buyer
and Sellers Signature Pages to Follow]

 

[Seller
Representative and Company Signature Page to Membership Interest Purchase Agreement]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Membership Interest Purchase Agreement as of the day and year first written above.

 

	 	BUYER:
	 	 	 
	 	VERB
    ACQUISITION CO., LLC
	 	 	 
	 	By:	/s/
    Rory Cutaia
	 	Name:
    	Rory
    Cutaia
	 	Title:	President
    and CEO

 

[Sellers
Signature Pages to Follow]

 

[Buyer Signature Page
to Membership Interest Purchase Agreement]

 

    	 

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Membership Interest Purchase Agreement as of the day and year first written above.

 

	 	SELLERS:
	 	 	 
	 	CORVUS
    INTERNATIONAL, INC.
	 	 	                               
	 	By:
    	/s/
    Steve Deverall
	 	 	Steve
    Deverall, President
	 	 	 
	 	THE
    H2 MANAGEMENT CORP
	 	 	 
	 	By:
    	/s/
    Brook Harker
	 	 	Brook
    Harker
	 	 	 
	 	ECLIPSE
    ENTERPRISES AND MANAGEMENT, INC.
	 	 	 
	 	By:
    	/s/
    James Norton
	 	 	James
    Norton, President
	 	 	 
	 	Kestrel
    MANAGEMENT, INC.
	 	 	 
	 	By:
    	/s/
    Jordan Erickson
	 	 	Jordan
    Erickson, President

 

[Sellers
Signature Page to Membership Interest Purchase Agreement]

 

    	 

     

    

 

	 	/s/
    Ben Mosbarger
	 	Ben
    Mosbarger
	 	 
	 	/s/
    Jason Etherington
	 	Jason
    Etherington
	 	 
	 	/s/
    Nate Babbel
	 	Nate
    Babbel

 

[Sellers
Signature Page to Membership Interest Purchase Agreement]

 

    	 

     

    

 

ANNEX
A

 

SELLERS

 

	Seller Name	 	Pro Rata Share	 
	Corvus International, Inc.	 	 	23.24	%
	Kestrel Management, Inc.	 	 	23.24	%
	The H2 Management Corp	 	 	23.24	%
	Eclipse Enterprises and Management, Inc.	 	 	23.24	%
	Ben Mosbarger	 	 	2.35	%
	Jason Etherington	 	 	2.35	%
	Nate Babbel	 	 	2.35	%
	Total	 	 	100.0	%

 

    	 

     

    

 

EXHIBIT
A

 

Company
Interest Assignment Agreement

 

(attached
hereto)

 

    	 

     

    

 

EXHIBIT
B

 

Buyer
Operating Agreement

 

(attached
hereto)

 

    	 

     

    

 

EXHIBIT
C

 

Form
of Key Employee Agreement – Steve Deverall

 

(attached
hereto)

 

    	 

     

    

 

EXHIBIT
D

 

Form
of Key Employee Agreement – Dustin Kenyon

 

(attached
hereto)

 

    	 

     

    

 

SCHEDULE
5.2(a)(ii)

 

Tax
Treatment

 

Allocation
of Purchase Price for Tax Purposes

 

Pursuant
to Section 5.2(a)(ii), Buyer and Sellers agree that the aggregate Purchase Price (along with any liabilities considered
assumed or deemed assumed by Buyer treated as additional purchase consideration for Tax purposes) shall be allocated among the
assets of the Company for all Tax purposes, and the allocation shall be prepared in a manner consistent with the methodology set
forth in the chart below:

 

	Class:	 	Category:	 	Allocation
    Methodology:
	Class
    I:	 	Cash and Cash

                                                                                Equivalents
	 	The
    amount reflected for such assets in the Final Working Capital Statement as finally determined pursuant to Section 1.5.
	 	 	 	 	 
	Class
    II:	 	Certificates
of Deposit, Foreign Currency
	 	The
    amount reflected for such assets in the Final Working Capital Statement as finally determined pursuant to Section 1.5.
	 	 	 	 	 
	Class
    III:	 	Accounts
    Receivable	 	The
    amount reflected for such assets in the Final Working Capital Statement as finally determined pursuant to Section 1.5.
	 	 	 	 	 
	Class
    III:	 	Other
    Receivables	 	The
    amount reflected for such assets in the Final Working Capital Statement as finally determined pursuant to Section 1.5.
	 	 	 	 	 
	Class
    IV:	 	Inventory	 	None.
	 	 	 	 	 
	Class
    V:	 	Prepaid
    Expenses	 	The
    amount reflected for such assets in the Final Working Capital Statement as finally determined pursuant to Section 1.5.
	 	 	 	 	 
	Class
    V:	 	Property,
Plant and Equipment
	 	None.
	 	 	 	 	 
	Class
    VI and VII:	 	Intangibles,
Goodwill and Going Concern value
	 	Residual
    balance.

 

    	 

     

    

 

DISCLOSURE
SCHEDULE

 

(attached
hereto)Exhibit
10.2

 

PROMISSORY
NOTE

 

	$1,982,250	 	Newport
    Beach, California
	 	 	September
    4, 2020

 

FOR
VALUE RECEIVED, the undersigned, Verb Acquisition Co., LLC, a Nevada limited liability company, with its principal place of business
at 2210 Newport Boulevard, Suite 200, Newport Beach, California 92663 (“Borrower”), hereby promises to pay
to Steve Deverall, an individual (“Lender”), solely in his capacity as Seller Representative under that certain
Membership Interest Purchase Agreement dated September 4, 2020 by and among Borrower, Ascend Certification, LLC, a Utah limited
liability company, Lender and the other parties signatory thereto (the “Membership Interest Purchase Agreement”),
the principal sum of One Million Nine Hundred Eighty Two Thousand Two Hundred Fifty Dollars ($1,982,250.00) (“Principal”),
together with interest thereon as hereinafter provided until this Promissory Note (“Note”) is paid in full,
when due, whether upon the Maturity Date, acceleration or otherwise (in each case in accordance with the terms hereof) and to
pay interest (“Interest”) on any outstanding Principal at the applicable Interest Rate (as defined below) from
the date set out above (the “Issuance Date”) until the same becomes due and payable, whether upon the Maturity
Date, acceleration or otherwise (in each case in accordance with the terms hereof).

 

This
Note is guaranteed pursuant to that certain Guaranty of Payment Agreement of even date herewith by Verb Technology Company, Inc.,
a Nevada corporation and parent of Borrower (the “Guarantor”), for the benefit of Lender (the “Guaranty
Agreement”).

 

1.
Principal and Interest Payments. On the Maturity Date, Borrower shall pay to Lender an amount in cash representing all
outstanding Principal, together with all accrued and unpaid Interest on such Principal. Interest on the unpaid Principal shall
accrue at a rate per annum equal to 0.14%) (“Interest Rate”) and commence accruing on the Issuance Date and
shall be payable on October 1, 2020 (the “Maturity Date”) unless the obligations hereunder are earlier accelerated
or satisfied in accordance with the provisions of this Note. All payments by Borrower hereunder shall first apply to accrued and
unpaid interest and then to the remaining Principal balance under this Note.

 

2.
Prepayment. Borrower shall have the right to prepay all or any part of the remaining balance of this Note at any time,
without premium or penalty.

 

3.
Payments and Computations. All payments on account of indebtedness evidenced by this Note shall be made not later than
5:00 p.m., California time, on the day when due in lawful money of the United States. Payments are to be made at such place as
Lender may, from time to time, in writing appoint, and in the absence of such appointment, then at the address of Lender as set
forth above.

 

4.
Events of Default. The occurrence of any of the following shall constitute an “Event of Default” under
this Note:

 

(a)
Borrower shall fail to pay (i) when due any Principal payment on the date due hereunder, or (ii) any interest or other payment
required under the terms of this Note on the date due.

 

    	 

     

    

 

(b)
Borrower shall fail to comply with any provision of this Note or the Guaranty Agreement.

 

(c)
Borrower shall (i) apply for or consent to the appointment of a receiver, trustee, liquidator or custodian of itself or of all
or a substantial part of its property, (ii) be unable, or admit in writing its inability, to pay its debts generally as they mature,
(iii) make a general assignment for the benefit of its or any of its creditors, (iv) be dissolved or liquidated, (v) become insolvent
(as such term may be defined or interpreted under any applicable statute), (vi) commence a voluntary case or other proceeding
seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other
similar law now or hereafter in effect or consent to any such relief or to the appointment of or taking possession of its property
by any official in an involuntary case or other proceeding commenced against it, or (vii) take any action for the purpose of effecting
any of the foregoing.

 

(d)
Proceedings for the appointment of a receiver, trustee, liquidator or custodian of Borrower or of all or a substantial part of
the property thereof, or an involuntary case or other proceedings seeking liquidation, reorganization or other relief with respect
to Borrower or the debts thereof under any bankruptcy, insolvency or other similar law now or hereafter in effect shall be commenced
and an order for relief entered or such proceeding shall not be dismissed or discharged within sixty (60) days of commencement.

 

5.
Rights of Lender upon Default. Upon the occurrence or existence of any Event of Default and at any time thereafter during
the continuance of such Event of Default, Lender may, in its sole discretion, by written notice to Borrower, either (i) immediately
declare all outstanding obligations payable by Borrower hereunder to be immediately due and payable without presentment, demand,
protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding,
or (ii) rescind the Membership Interest Purchase Agreement and all documents and agreements entered into in connection therewith.
Upon the occurrence of an Event of Default, the interest rate on this Note shall increase to a rate per annum equal to two percent
(2%), simple interest, per annum until such default is cured, and is payable together with the Principal amount hereof in accordance
with the payment terms set forth herein. In addition to the foregoing remedies, upon the occurrence or existence of any Event
of Default, Lender may exercise any other right, power or remedy permitted by law, either by suit in equity or by action at law,
or both. If Lender elects to rescind the Membership Interest Purchase Agreement and all documents and agreements entered into
in connection therewith, Borrower hereby irrevocably constitutes and appoints Lender as its attorney-in-fact, with full power
of substitution, to take all actions necessary, including executing documents on and for Borrower’s behalf, to effectuate
the rescission of the Membership Interest Purchase Agreement and all documents and agreements entered into in connection therewith.
Notwithstanding anything to the contrary in this Note, Borrower shall have five (5) business days from Borrower’s receipt
of notice of the Event of Default, which notice shall be deemed served in the same manner as under the Membership Interest Purchase
Agreement, to cure such Event of Default.

 

6.
Notices. All notices to be given under this Note shall be given and shall be deemed served in the same manner as under
the Membership Interest Purchase Agreement.

 

    	2

     

    

 

7.
Applicable Law. This Note shall be construed in accordance with the laws of the State of Nevada, without regard to conflicts
of laws principles. Borrower irrevocably submits to the exclusive jurisdiction of any Nevada State or United States Federal court
sitting in Las Vegas, Nevada over any action or proceeding arising out of or relating to this Note, and irrevocably agrees that
all claims in respect of such action or proceeding may be heard and determined in such Nevada State or Federal court. Borrower
agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by
suit on the judgment or in any other manner provided by law. Borrower waives any objection to venue in the State of Nevada and
any objection to an action or proceeding in the State of Nevada on the basis of forum non conveniens.

 

8.
Severability. The parties hereto intend and believe that each provision in this Note comports with all applicable local,
state and federal laws and judicial decisions. However, if any provision or provisions, or if any portion of any provision or
provisions, of this Note is found by a court of law to be in violation of any applicable local, state or federal ordinance, statute,
law, administrative or judicial decision, or public policy, and if the court should declare that portion, provision or provisions
to be illegal, invalid, unlawful, void or unenforceable as written, then it is the intent of Borrower and Lender that such portion,
provision or provisions be given force to the fullest possible extent that they are legal, valid and enforceable, that the remainder
of this Note shall be construed as if the illegal, invalid, unlawful, void or unenforceable portion, provision or provisions were
not contained herein, and that the rights, obligations and interest of Borrower and Lender under the remainder of this Note shall
continue in full force and effect.

 

9.
Usury. In the event any interest is paid on this Note which is deemed to be in excess of the then legal maximum rate, then
that portion of the interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment
of Principal and applied against the Principal of this Note.

 

10.
Expenses; Waiver. If action is instituted to collect this Note, the Borrower shall pay all costs and expenses, including,
without limitation, reasonable attorneys’ fees and costs, incurred in connection with such action. In addition, the successful
or prevailing party in any proceeding shall be entitled to recover reasonable attorneys’ fees and other costs incurred in
such proceeding. Borrower and all parties now or hereafter liable for the payment hereof, whether as endorser, guarantor, surety
or otherwise, generally waive demand, presentment for payment, notice of dishonor, protest and notice of protest, notice of intent
to accelerate and notice of acceleration, diligence in collecting or bringing suit against any party hereto, and all other notices,
and agree to all extensions, renewals, indulgences, releases or changes which from time to time may be granted by the Lender hereof
and to all partial payments hereon, with or without notice before or after maturity.

 

11.
Successors and Assigns. The rights and obligations hereunder of Borrower and Lender shall be binding upon and benefit the
permitted successors, assigns, heirs, administrators and transferees of the parties.

 

12.
Waiver and Amendment. Any provision of this Note may be amended, waived or modified only upon the prior written consent
of Borrower and Lender.

 

13.
Headings. The headings of the Paragraphs of this Note are inserted for convenience only and shall not be deemed to constitute
part of this Note or to affect the construction hereof.

 

14.
Time of the Essence. Time is of the essence as to all dates set forth herein.

 

[Signature
Page Follows]

 

    	3

     

    

 

Borrower
and Lender have executed and delivered this Note as of the day and year first set forth above.

 

	 	VERB
    ACQUISITION CO., LLC, 
	 	a
    Nevada limited liability company
	 	 
	 	By:	/s/
    Rory Cutaia
	 	 	Rory
    Cutaia, Chief Executive Officer
	 	 	 
	 	Address:	2210
    Newport Boulevard, Suite 200
	 	 	Newport
    Beach, CA 92663
	 	 	 
	 	By:	/s/
    Steve Deverall
	 	 	Steve
    Deverall, as Seller Representative
	 	 	 
	 	Address:	3369
    W. Mayflower Ave.  
	 	 	Lehi,
    UT 84043

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