Document:

Exhibit

EXHIBIT 10.2

PHILIP MORRIS INTERNATIONAL INC.
2017 PERFORMANCE INCENTIVE PLAN 

PERFORMANCE SHARE UNIT AGREEMENT
FOR PHILIP MORRIS INTERNATIONAL INC. COMMON STOCK
 (February 7, 2019)

Performance Period: January 1, 2019 to December 31, 2021

PHILIP MORRIS INTERNATIONAL INC. (the “Company”), a Virginia corporation, hereby grants to the employee identified in the Award Statement (the “Employee”) under the Philip Morris International Inc. 2017 Performance Incentive Plan (the “Plan”), a Performance Share Unit Award (the “Award”) dated February 7, 2019 (the “Award Date”)  representing a right to receive shares of the Common Stock of the Company (the “Common Stock”) set forth in the Award Statement (the “PSUs”), all in accordance with and subject to the following terms and conditions:

		
	1.
	Normal Vesting.  

(a)    Subject to Section 1(b) of this Agreement below, a number of PSUs shall become vested on the Vesting Date set forth in the Award Statement (the “Vesting Date”), provided that the Employee remains an employee of the PMI Group during the entire period commencing on the Award Date and ending on the Vesting Date, and that the Employee has complied with all applicable provisions of HSR.  

(b)    The actual number of PSUs that become vested on the Vesting Date is equal to a percentage of the target number of PSUs (the “Performance Percentage”), which percentage is determined based on the performance achieved during the applicable performance period, as shown on the Award Statement and as determined by the Compensation Committee.  The minimum percentage of PSUs that can vest is zero, while the maximum is twice the targeted number, subject to the limitations of the Plan.  Notwithstanding the foregoing, if the date on which the Compensation Committee certifies the Performance Percentage is after the Vesting Date, then the actual number of PSUs that become vested shall not be determined until such later date of certification, and such later date of certification shall be treated as the Vesting Date for purposes of cash payments with respect to dividends and the timing of payment of the PSUs pursuant to Sections 3 and 7 of this Agreement.  The Compensation Committee shall certify the Performance Percentage no later than December 1 of the year in which the Vesting Date occurs.

2.    Termination of Employment Before Vesting Date.  In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to (a) Normal Retirement, or (b) early retirement or termination of employment (other than for cause), in either case by mutual agreement and after the Employee has attained age 58, then the requirement that the Employee remain an employee of the PMI Group through the Vesting Date shall be deemed satisfied, and the number of PSUs that become vested shall be determined based on the Performance Percentage as certified by the Compensation Committee in accordance with Section 1 of this Agreement.  In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to death or Disability, then the requirement that the Employee remain an employee of the PMI Group through the Vesting Date shall be deemed satisfied, and the number of PSUs that become vested shall be equal to the target number of PSUs set forth on the Award Statement.

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Subject to the provisions of section 6(a) of the Plan, if the Employee’s employment with the PMI Group is terminated prior to the Vesting Date for any reason not specified in the preceding paragraph, the Employee shall forfeit all rights to the PSUs.  Notwithstanding the foregoing and except as provided in section 6(a) of the Plan, upon the termination of an Employee’s employment with the PMI Group, the Compensation Committee may, in its sole discretion, treat the requirement that the Employee remain an employee of the PMI Group through the Vesting Date as deemed satisfied with respect to some or all of the PSUs, and in such case the number of PSUs that become vested shall be determined based on the Performance Percentage as certified by the Compensation Committee in accordance with Section 1 of this Agreement multiplied by the target number of PSUs for which the Compensation Committee treats the continued employment requirement as deemed satisfied.

If the requirement that the Employee remain an employee of the PMI Group through the Vesting Date is deemed satisfied under this Section 2 for any reason other than the Employee’s death or Disability, but the Employee dies before the Compensation Committee’s certification of the Performance Percentage, then the number of PSUs that become vested shall be equal to the target number of PSUs for which the continued employment requirement is deemed satisfied under this Section 2.

3.    Voting and Dividend Rights; Withholding Taxes on Dividend Equivalents.  The Employee does not have the right to vote the PSUs or receive dividends prior to the date, if any, PSUs become vested and Common Stock becomes issuable to the Employee pursuant to the terms hereof.  However, unless otherwise determined by the Compensation Committee, the Employee shall be credited with cash amounts equal to the dividends paid from the date the Award is granted through the date of payment under Section 7 of this Agreement with respect to shares of Common Stock that become issuable as of the Vesting Date, with such cash credits calculated without interest and paid, less applicable tax withholdings, in accordance with this Agreement.

4.    Transfer Restrictions.  The Award and the PSUs are non-transferable and may not be assigned, hypothecated or otherwise pledged and shall not be subject to execution, attachment or similar process.  Upon any attempt to effect any such disposition, or upon the levy of any such process, the Award shall immediately become null and void and the PSUs shall be forfeited.  These restrictions shall not apply, however, to any payments received pursuant to Section 7 of this Agreement below.

5.    Withholding Taxes on Common Stock upon Vesting.  With respect to Common Stock issuable upon vesting, the Company is authorized to satisfy the actual statutory withholding taxes, or hypothetical withholding tax amounts if applicable, arising from this Award by (a) deducting the number of shares of Common Stock payable under the PSUs having an aggregate value equal to the amount of withholding taxes due from the total number of shares of Common Stock payable under the PSUs becoming subject to current taxation or (b) the remittance of the required amounts from any proceeds realized upon the open-market sale of the Common Stock received in payment of vested PSUs by the Employee.  Shares of Common Stock payable under the PSUs deducted from this Award in satisfaction of tax withholding shall be valued at the Fair Market Value of the Common Stock on the date as of which the amount giving rise to the withholding requirement first became includible in the gross income of the Employee under applicable tax laws.  If the Employee is on an international assignment, the Company will calculate the amount of hypothetical tax which will be imposed on the Employee’s PSUs, in accordance with the Company’s guidelines in force at the time the withholding obligation arises.

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6.    Death of Employee.  If any of the PSUs shall vest upon the death of the Employee, any Common Stock received in payment of the vested PSUs shall be registered in the name of the estate of the Employee, and any cash amounts credited with respect to dividends shall be paid to the estate of the Employee.

7.      Settlement of PSUs.  The grant pursuant to this Award represents an unfunded and unsecured promise of the Company, subject to the vesting, achievement of performance targets and other conditions of this Agreement, to issue to the Employee for each vested PSU one share of the Common Stock and to pay to the Employee in a single lump sum any cash amounts credited on such vested PSU with respect to dividends.  Except as otherwise expressly provided in the Award Statement and subject to the terms of this Agreement, such issuance and lump sum payment shall be made to the Employee (or, in the event of his or her death to the Employee’s estate as provided above) (a) in all cases other than those set forth in clause (b), as soon as reasonably practicable following the Vesting Date and no later than December 31 of the year in which the Vesting Date occurs, and (b) in the case of termination of employment by reason of death or Disability or the Employee’s death after a termination of employment in the circumstances specified in Section 2, as soon as reasonably practicable following such termination of employment or death.  Notwithstanding the foregoing, if the Company determines that settlement in the form of Common Stock is impractical or impermissible under the laws of the Employee’s country of residence, the PSUs will be settled in the form of cash, and further notwithstanding the foregoing, payment will not occur until any applicable waiting period under HSR has expired or been terminated.

8.    Special Payment Provisions.  Notwithstanding anything in this Agreement to the contrary, if the Employee is subject to US Federal income tax on any part of the payment of the PSUs and this Award is subject to Code section 409A, then the PSUs shall be subject to the following provisions of this Section 8.  If the Employee is a “specified employee” within the meaning of Code section 409A, any issuance or payment in respect of the PSUs under Section 7 of this Agreement above that is on account of his separation from service and is scheduled to be paid within six months after such separation from service shall accrue without interest and shall be paid as soon as reasonably practicable after the first day of the seventh month beginning after the date of the Employee’s separation from service or, if earlier, as soon as reasonably practicable following the Employee’s death.  During such delayed distribution period, the Employee shall continue to be credited with cash amounts equal to dividends on Common Stock for the applicable Award pursuant to Section 3 of this Agreement, and such amounts shall accrue without interest and shall be paid in a lump sum at the time specified in the preceding sentence.  In the event of a “Change in Control” under section 6(b) of the Plan that is not also a “change in control event” with the meaning of Treas. Reg. §1.409A-3(i)(5)(i), the PSUs shall vest as set forth in section 6(a) of the Plan, but shall not be paid upon such Change in Control or termination of employment as provided by section 6(a) of the Plan, and shall instead be paid at the time the PSUs would otherwise be paid pursuant to this Agreement.  References to termination of employment and separation from service shall be interpreted to mean a separation from service, within the meaning of Code section 409A, with the Company and all of its affiliates treated as a single employer under Code section 409A.  This Agreement shall be construed in a manner consistent with Code section 409A.

9.    Board Authorization in the Event of Restatement.  Notwithstanding anything in this Agreement to the contrary, if the Board of Directors of the Company or an appropriate Committee of the Board determines that, as a result of fraud, misconduct, a restatement of the 

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Company’s financial statements, or a significant write-off not in the ordinary course affecting the Company’s financial statements, an Employee has received more compensation in connection with this Award than would have been paid absent the fraud, misconduct, write-off or incorrect financial statement, the Board or Committee, in its discretion, shall take such action with respect to this Award as it deems necessary or appropriate to address the events that gave rise to the fraud, misconduct, write-off or restatement and to prevent its recurrence.  Such action may include, to the extent permitted by applicable law, causing the partial or full cancellation of this Award and, with respect to PSUs that have vested, requiring the Employee to repay to the Company the partial or full Fair Market Value of the Award determined at the time of vesting.  The Employee agrees by accepting this Award that the Board or Committee may make such a cancellation, impose such a repayment obligation, or take other necessary or appropriate action in such circumstances.

10.    Other Terms and Definitions.  The terms and provisions of the Plan (a copy of which will be furnished to the Employee upon written request to the Office of the Secretary, Philip Morris International Inc., 120 Park Avenue, New York, New York 10017) are incorporated herein by reference.  To the extent any provision of this Award is inconsistent or in conflict with any term or provision of the Plan, the Plan shall govern. Capitalized terms not otherwise defined herein have the meaning set forth in the Plan.  This Award shall be treated as an Incentive Award for purposes of the Plan.

For purposes of this Agreement, (a) the term “Disability” means permanent and total disability as determined under procedures established by the Company for purposes of the Plan, and (b) the term “Normal Retirement” means retirement from active employment under a pension plan of any member of the PMI Group or under an employment contract with any member of the PMI Group on or after the date specified as the normal retirement age in the pension plan or employment contract, if any, under which the Employee is at that time accruing pension benefits for his or her current service (or, in the absence of a specified  normal retirement age, the age at which pension benefits under such plan or contract become payable without reduction for early commencement and without any requirement of a particular period of prior service).  In any case in which (i) the meaning of “Normal Retirement” is uncertain under the definition contained in the prior sentence or (ii) a termination of employment at or after age 65 would not otherwise constitute “Normal Retirement,” an Employee’s termination of employment shall be treated as a “Normal Retirement” under such circumstances as the Compensation Committee, in its sole discretion, deems equivalent to retirement.  “PMI Group” means the Company and each of its subsidiaries and affiliates.  Generally, for purposes of this Agreement, (x) a “subsidiary” includes only any company in which the Company, directly or indirectly, has a beneficial ownership interest of greater than 50 percent and (y) an “affiliate” includes only any company that (A) has a beneficial ownership interest, directly or indirectly, in the Company of greater than 50 percent or (B) is under common control with the Company through a parent company that, directly or indirectly, has a beneficial ownership interest of greater than 50 percent in both the Company and the affiliate.  “Compensation Committee” means the Compensation and Leadership Development Committee of the Board of Directors of the Company.  “HSR” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.  “Code section 409A” means section 409A of the Internal Revenue Code and the regulations thereunder.

IN WITNESS WHEREOF, this Performance Share Unit Agreement has been duly executed as of February 7, 2019.

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PHILIP MORRIS INTERNATIONAL INC.
	
		
	

	

/s/ JERRY WHITSON
Jerry Whitson
Deputy General Counsel and Corporate Secretary
Philip Morris International Inc.

 

5STOCK PURCHASE AGREEMENT

  

  

  

  

  by and among

  Leveling 8 Inc

  and

      

      

      ADDvantage Technologies Group, Inc.

  dated as of December 26, 2018

  

  

  

  

  
    
      

  

  
  TABLE OF CONTENTS

  

   

  

  Page

  

  

  

  
    	
            ARTICLE I

          	
            DEFINITIONS

          	
            1

          
	
            ARTICLE II

          	
            PURCHASE AND SALE

          	
            7

          
	
            Section 2.01

          	
            Purchase and Sale

          	
            7

          
	
            Section 2.02

          	
            Purchase Price

          	
            7

          
	
            Section 2.03

          	
            Deliveries at the Closing

          	
            7

          
	
            Section 2.04

          	
            Purchase Price Adjustment

          	
            8

          
	
            Section 2.05

          	
            Closing

          	
            10

          
	
            Section 2.06

          	
            Collateral Agreements

          	
            10

          
	
            Section 2.07

          	
            As-Is, Where-Is

          	
            10

          
	
            ARTICLE III

          	
            REPRESENTATIONS AND WARRANTIES OF SELLER

          	
            11

          
	
            Section 3.01

          	
            Organization and Authority of Seller

          	
            11

          
	
            Section 3.02

          	
            Organization, Authority and Qualification of the Companies

          	
            11

          
	
            Section 3.03

          	
            Capitalization

          	
            12

          
	
            Section 3.04

          	
            Non-Contravention

          	
            13

          
	
            Section 3.05

          	
            Consents

          	
            13

          
	
            Section 3.06

          	
            Special Committee Approval

          	
            13

          
	
            Section 3.07

          	
            Legal Proceedings

          	
            13

          
	
            Section 3.08

          	
            Tax Matters

          	
            14

          
	
            Section 3.09

          	
            Seller Not a Creditor of, or Debtor, to the Companies

          	
            16

          
	
            Section 3.10

          	
            Benefit Plans

          	
            16

          
	
            Section 3.11

          	
            Continuity of Representations and Update of Schedules

          	
            19

          
	
            ARTICLE IV

          	
            REPRESENTATIONS AND WARRANTIES OF BUYER

          	
            19

          
	
            Section 4.01

          	
            Organization and Authority of Buyer

          	
            19

          
	
            Section 4.02

          	
            Non-Contravention

          	
            20

          
	
            Section 4.03

          	
            Governmental Consents

          	
            20

          
	
            Section 4.04

          	
            Investment Purpose

          	
            20

          
	
            Section 4.05

          	
            Sufficiency of Funds

          	
            20

          
	
            Section 4.06

          	
            Legal Proceedings

          	
            20

          
	
            Section 4.07

          	
            Sole Participant

          	
            20

          

  

  

    

    

    
      i

      
        

    

    
      TABLE OF CONTENTS

      

       (continued)

      

      Page

    

    

    

    
      	
              Section 4.08

            	
              C Corporation Status

            	
              20

            
	
              ARTICLE V

            	
              COVENANTS

            	
              21

            
	
              Section 5.01

            	
              Conduct of Business Prior to the Closing

            	
              21

            
	
              Section 5.02

            	
              Access to Information

            	
              21

            
	
              Section 5.03

            	
              Shareholder Meeting; Proxy Material

            	
              21

            
	
              Section 5.04

            	
              No Solicitation of Other Bids

            	
              22

            
	
              Section 5.05

            	
              Notice of Certain Events

            	
              24

            
	
              Section 5.06

            	
              Resignations

            	
              24

            
	
              Section 5.07

            	
              Non-Competition; Non-Solicitation; Buyer Standstill

            	
              24

            
	
              Section 5.08

            	
              Governmental Approvals and Consents

            	
              26

            
	
              Section 5.09

            	
              Books and Records

            	
              27

            
	
              Section 5.10

            	
              Closing Conditions

            	
              28

            
	
              Section 5.11

            	
              Public Announcements

            	
              28

            
	
              Section 5.12

            	
              Employees; Benefit Plans

            	
              28

            
	
              Section 5.13

            	
              Seller Due Diligence

            	
              28

            
	
              Section 5.14

            	
              Further Assurances

            	
              28

            
	
              ARTICLE VI

            	
              TAX MATTERS

            	
              29

            
	
              Section 6.01

            	
              Tax Covenants

            	
              29

            
	
              Section 6.02

            	
              Termination of Existing Tax Sharing Agreements

            	
              30

            
	
              Section 6.03

            	
              Straddle Period

            	
              30

            
	
              Section 6.04

            	
              Responsibility for Tax Audits and Contests

            	
              31

            
	
              Section 6.05

            	
              Treatment of Indemnification Payments

            	
              31

            
	
              Section 6.06

            	
              Survival

            	
              31

            
	
              Section 6.07

            	
              Conflict

            	
              31

            
	
              Section 6.08

            	
              Cooperation and Exchange of Information

            	
              31

            
	
              Section 6.09

            	
              Section 338(h)(10) Election

            	
              31

            
	
              ARTICLE VII

            	
              CONDITIONS TO CLOSING

            	
              32

            
	
              Section 7.01

            	
              Conditions to Obligations of All Parties

            	
              32

            
	
              Section 7.02

            	
              Conditions to Obligations of Buyer

            	
              33

            
	
              Section 7.03

            	
              Conditions to Obligations of Seller

            	
              34

            

    

    

    

    

    

    
      ii

      
        

    

    
      
        TABLE OF CONTENTS

        

         (continued)

        

        Page

      

    

    

    

    
      	
              ARTICLE VIII

            	
              INDEMNIFICATION

            	
              35

            
	
              Section 8.01

            	
              Survival

            	
              35

            
	
              Section 8.02

            	
              Indemnification by Seller

            	
              35

            
	
              Section 8.03

            	
              Indemnification by Buyer

            	
              36

            
	
              Section 8.04

            	
              Indemnification Procedures

            	
              36

            
	
              Section 8.05

            	
              Exclusive Remedies

            	
              37

            
	
              ARTICLE IX

            	
              TERMINATION

            	
              38

            
	
              Section 9.01

            	
              Termination

            	
              38

            
	
              Section 9.02

            	
              Effect of Termination

            	
              39

            
	
              ARTICLE X

            	
              MISCELLANEOUS

            	
              39

            
	
              Section 10.01

            	
              Expenses

            	
              39

            
	
              Section 10.02

            	
              Notices

            	
              40

            
	
              Section 10.03

            	
              Interpretation

            	
              41

            
	
              Section 10.04

            	
              Headings

            	
              41

            
	
              Section 10.05

            	
              Severability

            	
              41

            
	
              Section 10.06

            	
              Entire Agreement

            	
              41

            
	
              Section 10.07

            	
              Successors and Assigns

            	
              41

            
	
              Section 10.08

            	
              No Third-Party Beneficiaries

            	
              41

            
	
              Section 10.09

            	
              Amendment and Modification; Waiver

            	
              42

            
	
              Section 10.10

            	
              Governing Law; Submission to Jurisdiction; Waiver of Jury Trial

            	
              42

            
	
              Section 10.11

            	
              Equitable Remedies

            	
              43

            
	
              Section 10.12

            	
              Attorneys’ Fees

            	
              43

            
	
              Section 10.13

            	
              Cumulative Remedies

            	
              43

            
	
              Section 10.14

            	
              Time of the Essence

            	
              43

            
	
              Section 10.15

            	
              Counterparts

            	
              43

            

      

      

      
        EXHIBITS

        

        

        Exhibit A Guaranty and Covenant Agreement

        Exhibit B Promissory Note

        

        

        
          iii

          
            

        

      

      
        
          
            TABLE OF CONTENTS

            

             (continued)

            

            Page

          

        

      

      

      

      
        SELLER DISCLOSURE AND EXCEPTION SCHEDULES

        

        

        

        

        Schedule 2.06 Collateral Agreements

        Schedule 3.05 Consents

        Schedule 3.08 Tax Matters

        Schedule 3.09 Seller not a Creditor of, or Debtor to, the Companies

        Schedule 3.10 Benefit Plans

        

        

         

        

        
          iv

          
            

        

      

      

      

      
        STOCK PURCHASE AGREEMENT

        This Stock Purchase Agreement (this “Agreement”), dated as of December 26, 2018 (the “Effective

              Date”), is entered into among Leveling 8 Inc, an Oklahoma corporation (“Buyer”) and ADDvantage Technologies Group, Inc., an Oklahoma corporation (“Seller”).

        RECITALS

        WHEREAS, Buyer wishes to purchase Seller’s cable television business which is conducted through
            its subsidiaries, Tulsat, LLC, an Oklahoma limited liability company (“Tulsat”), NCS Industries, Inc., a Pennsylvania corporation (“NCS”), Addvantage Technologies Group of
              Missouri, Inc., a Missouri corporation (“Addvantage Missouri”), Addvantage Technologies Group of Texas, Inc., a Texas corporation (“Addvantage

              Texas”), and Tulsat-Atlanta, L.L.C., an Oklahoma limited liability company (“Tulsat-Atlanta”) (each a “Company” and
            collectively the “Companies”);

        WHEREAS, Seller owns all of the issued and outstanding shares of common stock or, as applicable,
            limited liability company membership interests (the “Shares”) of each of the Companies; and

        WHEREAS, Seller wishes to sell to Buyer, and Buyer wishes to purchase from Seller, the Shares,
            subject to the terms and conditions set forth herein.

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

        ARTICLE I 

            

            

            DEFINITIONS

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

        “Accountants” has the meaning set forth in Section 2.04(c)(iii).

        “Acquisition Proposal” means any inquiry, proposal or offer from any Person concerning (i) a merger, consolidation, liquidation, recapitalization, share exchange or other business combination transaction involving
            a Company or Seller; (ii) the issuance or acquisition of shares of capital stock or other equity securities of a Company or Seller; or (iii) the sale, lease, exchange or other disposition of any significant portion of a Company's or the
            Seller’s properties or assets.

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

        
          v

          
            

        

        
        “Addvantage Missouri” has the meaning set forth in the recitals.

        “Addvantage Missouri Common Stock” has the meaning set forth in Section 3.03(a).

        “Addvantage Texas” has the meaning set forth in the recitals.

        “Addvantage Texas Common Stock” has the meaning set forth in Section 3.03(a).

        “Adverse Recommendation Change” means an action by Seller’s Board of Directors which amounts to withholding or withdrawing, or publicly proposing to withdraw the approval, recommendation or declaration of
            advisability by the Seller’s Board of Directors or any such committee of the Contemplated Transactions or publicly proposing to recommend, adopt or approve any third-party Acquisition Proposal.

        “Affiliate” of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person.  The term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or
            indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.  Ownership of voting equity in an entity, by itself, shall not
            be considered to confer control of such entity unless the owner holds more than fifty percent (50%) of the outstanding voting equity of the entity.  By way of illustration and not limitation, the parties acknowledge that Guarantor is an
            Affiliate of Buyer.

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

        “Allocation Schedule” has the meaning set forth in Section 6.09(b).

        “Benefit Plan” means all stock option or share purchase plans, employee loans, home purchase loans, insurance, long-term disability, medical, dental or other executive and employee benefit plans, including without
            limitation the Plans as defined in Section 3.10.

        “Board of Directors” means the board of directors of Seller.

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

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

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

        “Cash” means the aggregate book balance of the Companies’ currency on hand and collected funds on deposit with depository banks net of amounts necessary to cover checks, drafts, wire transfers and other items, if
            any, in process of collection and payment, as of the opening for business on the Closing Date.

        “Claim Notice” has the meaning set forth in Section 8.04(a).

        
          2

          
            

        

        
        “Closing” has the meaning set forth in Section 2.05.

        “Closing Date” has the meaning set forth in Section 2.05.

        “Closing Working Capital” means: (a) the aggregate book value of the Current Assets of the Companies, less (b) the
            aggregate amount of the Current Liabilities of the Companies, determined as of the opening of business on the Closing Date.

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

        “Collateral Agreements” has the meaning set forth in Section 2.06.

        “Commonly Controlled Entity” has the meaning set forth in Section 3.10(l).

        “Company” and “Companies” have the meaning set forth in the recitals.

        “Com Tech” means Com Tech Services, LLC, a Missouri limited liability company.

        “Consent” has the meaning set forth in Section 3.05.

        "Contemplated Transactions" means each of the transactions contemplated by this Agreement.

        “Current Assets” means aggregate book value of the Companies’ (a) accounts receivable incurred in the ordinary course of the Companies’ business for goods sold or services rendered (net of allowances for doubtful
            accounts), (b) Inventory, (c) prepaid expenses, and (d) vendor deposits, all as reflected in the accounting records of the Companies maintained by Seller, and shall not include Cash (which is to be distributed to and retained by Seller at
            Closing), the Machinery and Equipment, intercompany receivables or any other assets of the Companies.

        “Current Liabilities” means aggregate book value of the Companies’ accounts payable and accrued expenses, but excluding any indebtedness that Seller causes to be paid in full in connection with the Closing and
            intercompany payables, as reflected in the accounting records of the Seller.

        “Disputed Amounts” has the meaning set forth in Section 2.04(c)(iii).

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

        “Down Payment” has the meaning set forth in Section 2.03(a)(i).

        “Encumbrance” means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right
            of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

        “Exchange Act” means the Securities Exchange Act of 1934.

        
          3

          
            

        

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

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

        “Guarantee” means that certain personal guarantee issued by the Guarantor in which Guarantor individually guarantees payment and performance by the Buyer of its obligations under this Agreement and the Transaction
            Documents, substantially in the form of the Guaranty and Covenant Agreement comprising Exhibit A hereto.

        “Guarantor” shall mean David Chymiak, an individual, and The David E. Chymiak Trust.

        “Indemnitee” has the meaning set forth in Section 8.04(b).

        “Indemnitor” has the meaning set forth in Section 8.04(b).

        “Intervening Event” means any material event or development or material change in circumstances first occurring, arising or coming to the attention of Seller’s Board of Directors after the date of this Agreement to
            the extent that such event, development or change in circumstances (i) was not within Seller’s Knowledge and (ii) does not relate to an Acquisition Proposal.

        “Inventory” means those items of inventory owned by each of the Companies, and consisting of goods owned or held by one of the Companies for sale or lease or to be furnished under contracts of service or which
            constitute raw materials, work-in-process, or supplies or materials used or consumed in its business, as reflected in each Company’s books and records as maintained by the Seller, and the aggregate value of which shall be calculated by
            reference to such books and records as of the close of business on the day before the Closing Date and net of the Inventory Reserve Amount exclusive of any other reserve.

        “Inventory Reserve Amount” means the sum of $4,800,000, which is the value, as agreed by the parties of slow-moving, excess and obsolescent items with the Companies’ Inventory.

        “Knowledge” of Seller or of Buyer, or Seller’s of Buyer’s “Knowledge” or any other similar knowledge qualification, means in the case of Seller, the actual knowledge of any of Seller’s officers or directors (but
            excluding in any event the knowledge of the Guarantor and none of Seller’s other officers or directors) or which any of them would be deemed to have after due inquiry and in the case of Buyer the actual knowledge of Guarantor and of any of
            Buyer’s officers or directors or which any of them would be deemed to have after due inquiry.

        
          4

          
            

        

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

        “Liabilities” means liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise of a
            Company.

        “Losses” means losses, damages, liabilities, deficiencies, Actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the cost of enforcing
            any right to indemnification hereunder and the cost of pursuing any insurance providers; provided, however, that “Losses” shall not include punitive  or consequential damages.

        “Machinery and Equipment” means those items of machinery and equipment owned by each
            Company’s books and records as maintained by the Seller, and the aggregate value of which shall be calculated, net of accumulated depreciation, by reference to such books and records as of the close of business on the day before the Closing
            Date.

        “Minority Shareholders” means all Shareholders, other than Guarantor and any Affiliates of Guarantor.

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

        “NCS Common Stock” has the meaning set forth in Section 3.03(a).

        “Notice of Change” has the meaning set forth in Section 5.04(d).

        “Permits” means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained, or required to be obtained, from Governmental Authorities.

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

        “Post-Closing Adjustments” means the adjustments to the Purchase Price made after the Closing pursuant to the provisions of Section
                2.04.

        “Post-Closing Tax Period” means any taxable period beginning after the Closing Date and, with respect to any taxable period beginning before and ending after the Closing Date, the portion of such taxable period
            beginning after the Closing Date.

        “Post-Closing Taxes” means Taxes of a Company for any Post-Closing Tax Period.

        “Pre-Closing Tax Period” means any taxable period ending on or before the Closing Date and, with respect to any taxable period beginning before and ending after the Closing Date, the portion of such taxable period
            ending on and including the Closing Date.

        
          5

          
            

        

        
        “Pre-Closing Taxes” means Taxes of a Company for any Pre-Closing Tax Period.

        “Proceeding” has the meaning set forth in Section 8.04(a).

        “Promissory Note” means that certain Promissory Note in a principal amount equal to Six Million Three Hundred Seventy-Five Thousand Dollars ($6,375,000), subject to adjustment as provided herein, substantially in
            the form of Exhibit B attached hereto.

        “Purchase Price” has the meaning set forth in Section 2.02.

        “Putative Indemnitee” has the meaning set forth in Section 8.04(a).

        “Putative Indemnitor” has the meaning set forth in Section 8.04(a).

        “Restricted Business” means the repair, service, sale and distribution of equipment and electronics in the cable television industry.

        “Restricted Period” means a period of time commencing on the Closing Date and continuing for a period of three (3) years thereafter.

        “Review Period” has the meaning set forth in Section 2.04(c)(i).

        “SEC” means the Securities and Exchange Commission.

        “Section 338(h)(10) Election” has the meaning set forth in Section 6.09(a).

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

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

        “Seller Proxy Statement” means the letter to the Shareholders, notice of Shareholder Meeting, proxy statement, and forms of proxy to be filed with the SEC in connection with the Contemplated Transactions.

        “Shareholder Approval” means the approval of the Contemplated Transactions by (1) Shareholders holding a majority of Seller’s outstanding common stock and (2) Minority Shareholders holding a majority of the
            outstanding common stock held by all Minority Shareholders as a group.

        “Shareholder Meeting” means the meeting of Shareholders held for the purpose of obtaining the Shareholder Approval.

        “Shareholders” means all of the holders of the outstanding shares of Seller’s common stock entitled to vote at
            Seller’s shareholder meetings.

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

        “SMLLC’s” has the meaning set forth in Section 6.01(d).

        
          6

          
            

        

        “Special Committee” means a special transaction committee of the Board of Directors of Seller composed entirely
            of independent and disinterested directors specially appointed by the Board of Directors to negotiate and approve (or disapprove) this Agreement and the Contemplated Transactions.

        “Statement of Objections” has the meaning set forth in Section 2.04(c)(ii).

        “Straddle Period” has the meaning set forth in Section 6.03.

        “Statement” has the meaning set forth in Section 2.04(b).

        “Superior Proposal” means an Acquisition Proposal that Seller’s Board of Directors has determined is superior to the Acquisition Proposal reflected in this Agreement, taking into account the financial terms, the
            likelihood of consummation and all other aspects of such Acquisition Proposal.

        “Target Amount” means Eleven Million Forty Four Thousand and Forty One Dollars ($11,044,041).

        “Taxes” means all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise, registration, profits, license, lease, service, service use, withholding,
            payroll, employment, unemployment, estimated, excise, severance, environmental, stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs, duties or other taxes, fees, assessments or charges of any
            kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest in respect of such additions or penalties.

        “Tax Return” means any return, declaration, report, claim for refund, information return or statement or other document relating to Taxes, including any schedule or attachment thereto, and including any amendment
            thereof.

        “Territory” means the states of Oklahoma, Missouri, Pennsylvania, Texas, and Georgia.

        “Transaction Documents” means this Agreement; the Promissory Note; a Transition Services Agreement; the
            Guarantee; and the Collateral Agreements.

        “Transition Services Agreement” means the certain Transition Services Agreement to be entered into between Buyer and Seller within forty-five (45) days of the Effective Date in which the Seller and Buyer will set
            forth the terms upon which Seller will provide certain administrative services to Buyer for a period of up to ninety (90) days following the Closing Date.

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

        “Tulsat Equity Interests” has the meaning set forth in Section 3.03(a).

        “Tulsat-Atlanta” has the meaning set forth in the recitals.

        
          7

          
            

        

        “Tulsat-Atlanta Equity Interests” has the meaning set forth in Section 3.03(a).

        “Undisputed Amounts” has the meaning set forth in Section 2.04(c)(iii).

        ARTICLE II 

            

            

            PURCHASE AND SALE

        Section 2.01 Purchase and Sale.  Subject to the terms and conditions set
            forth herein, at the Closing, Seller shall sell to Buyer, and Buyer shall purchase from Seller the Shares, free and clear of all Encumbrances, for the consideration specified in Section 2.02.

        Section 2.02 Purchase Price.  As consideration for the sale of the Shares,
            Buyer shall pay to Seller an amount equal to Ten Million Three Hundred Fourteen Thousand One Hundred Forty-One Dollars ($10,314,141) (the “Purchase Price”) subject to the any Post-Closing Adjustments, by delivery of the Down Payment and the Promissory Note.

        Section 2.03 Deliveries at the Closing.

        
          	
                  (a)

                	
                  At the Closing, Buyer shall:

                

        

        (i) deliver to Seller the sum of Three Million Nine Hundred Thirty-Nine Thousand Nine Hundred Forty-One Dollars ($3,939,941) as a down payment on the Purchase Price (the “Down Payment”), by wire transfer of immediately available funds to an account designated in writing by Seller to Buyer prior
            to the Closing Date; and

        (ii) execute and deliver to Seller (and cause the Guarantor and his appropriate Affiliate(s) to execute and deliver to Seller) the Guarantee and the other Transaction Documents
            and all other agreements, documents, instruments or certificates required to be delivered by Buyer (or which Buyer is required to cause to be delivered) at or prior to the Closing pursuant to Section 7.03 of this Agreement.

        
          	
                  (b)

                	
                  At the Closing, Seller shall:

                

        

        (i) deliver to Buyer stock certificates (or other customary indicia of ownership) evidencing the Shares, free and clear of all Encumbrances, duly endorsed in blank or
            accompanied by stock powers or other instruments of transfer duly executed in blank, with all required stock transfer tax stamps affixed thereto; and

        (ii) execute and deliver to Buyer the Transaction Documents and all other agreements, documents, instruments or certificates required to be delivered by Seller (or which Seller
            are required to cause to be delivered) at or prior to the Closing pursuant to Section 7.03 of this Agreement.

        Section 2.04 Purchase Price Adjustment.

        

          	
                  (a)

                	
                  Post-Closing

                          Adjustments.  The Purchase Price shall be increased by, and the Buyer shall pay to the Seller, the amount by which the sum of
                      the Closing Working 

                    

                

        

        
          8

          
            

        

        
          	
                       

                    

                	
                  Capital plus
                      the Machinery and Equipment exceeds the Target Amount.  The Purchase Price shall be decreased by, and the Seller shall pay to the Buyer, the
                      amount by which the Target Amount exceeds the sum of the Closing Working Capital plus the Machinery and Equipment.

                

        

        
          	
                  (b)

                	
                  Post-Closing

                          Adjustment Statement.  Within sixty (60) days after the Closing Date, Seller shall prepare and deliver to Buyer a statement setting forth its calculation of the Post-Closing Adjustments to the Purchase Price, including
                      all of the components of the same in reasonable detail and of any Cash at Closing and of any payment due to Seller or Buyer (the “Statement”).

                

        

        
          	
                  (c)

                	
                  Examination

                          and Review.

                

        

        (i) Examination.  Buyer shall have thirty (30) days to review and object to the
            Statement (the “Review Period”).

        (ii) Objection.  On or prior to the last day of the Review Period, the Buyer may object
            to the Statement by delivering to Seller a written statement setting forth the Buyer’s objections in reasonable detail, indicating each disputed item or amount and the basis for the disagreement therewith (the “Statement of Objections”).  If the Buyer fails to deliver the Statement of Objections before the expiration of the Review Period, the Post-Closing
            Adjustment as reflected in the Statement shall be deemed to have been accepted by the Buyer.  If the Buyer delivers the Statement of Objections before the expiration of the Review Period, Buyer and the Seller shall negotiate in good faith to
            resolve such objections within thirty (30) days after the delivery of the Statement of Objections (the “Resolution Period”),

            and, if the same are so resolved within the Resolution Period, the Post-Closing Adjustment and the Statement with such changes as may have been previously agreed in writing by Buyer and the Seller, shall be final and binding.

        (iii) Resolution of Disputes.  If the Seller and Buyer fail to reach an agreement with
            respect to all of the matters set forth in the Statement of Objections before expiration of the Resolution Period, then any amounts remaining in dispute (“Disputed Amounts” and any amounts not so disputed, the “Undisputed Amounts”) shall
            be submitted for resolution to the office of HoganTaylor, Tulsa, Oklahoma or, if HoganTaylor is unable to serve, Buyer and the Seller shall appoint by mutual agreement the office of an impartial nationally recognized firm of independent
            certified public accountants (in either case, the “Accountants”) who, acting as experts and not arbitrators, shall
            resolve the Disputed Amounts only and make any adjustments to Post-Closing Adjustment and the Statement as necessary.  The parties hereto agree that all adjustments shall be made without regard to materiality.  The Accountants shall only decide
            the specific items under dispute by the parties and their decision for each Disputed Amount must be within the range of values assigned to each such item in the Statement and the Statement of Objections, respectively.

        (iv) Fees of the Accountants.  The costs, fees and expenses of the Accountants shall be
            borne equally by Buyer and Seller.

        (v) Determination by Accountants.  The Accountants shall make a determination as soon
            as practicable, and in any case within thirty (30) days after their 

        
          9

          
            

        

        engagement (or such other time as the parties hereto shall agree in writing), and their resolution of the Disputed
            Amounts and their adjustments to the Statement and the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto.

        (vi) Payments of Post-Closing Adjustment.  Except as otherwise provided herein, any
            payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall be due within five (5) days of the date such Post-Closing Adjustment is finally determined in accordance with the provisions of this Section 2.04. If the Post-Closing Adjustment is a decrease in the Purchase Price, then Seller shall pay such decrease to Buyer (which payment may, if Buyer
            agrees, be treated as if it were a voluntary prepayment by Buyer under the Promissory Note to be applied against installments payable thereon in the order in which they become due).  If the Post-Closing Adjustment is an increase in the Purchase
            Price, the Buyer shall pay such increase to the Seller.  All payments required to be made hereunder shall be made by wire transfer of immediately available funds within five (5) days after the Post-Closing Adjustment determination to such
            account as is directed by the recipient of the payment and, if not paid, within such time, shall bear interest from the date of determination to and including the date of payment at the rate equal to six percent (6%) per annum above the Applicable Federal Rate, as of the Closing Date, for long-term loans payable annually, calculated daily on the basis of a 365 day year and the
            actual number of days elapsed, without compounding.

        
          	
                  (d)

                	
                  Adjustments

                          for Tax Purposes.  Any payments made pursuant to this Section 2.04 shall be treated as an adjustment to the Purchase Price by
                      the parties for Tax purposes, unless otherwise required by Law.

                

        

        Section 2.05 Closing.  Subject to the terms and conditions of this
            Agreement, the purchase and sale of the Shares contemplated hereby shall take place at a closing (the “Closing”) to be
            held at 10:00 a.m., Tulsa, Oklahoma time, on a date designated in writing by Seller to Buyer which is no later than three (3) Business Days after the last of the conditions to Closing set forth in Article VII have been satisfied or waived (other than conditions which, by their nature, are to be satisfied on the Closing Date), at the offices of Seller in Tulsa, Oklahoma, or at such other
            time or on such other date or at such other place as the Seller and Buyer may mutually agree upon in writing (the day on which the Closing takes place being the “Closing Date”).

        Section 2.06 Collateral Agreements.

        
          	
                  (a)

                	
                  Agreement

                          to Form.  Within forty-five (45) days of the Effective Date Buyer and Seller will agree to the terms of various mortgages, security agreements, subordination agreements, pledge agreements and account control agreements
                      (collectively, the “Collateral Agreements”) under which Buyer, Guarantor and this Affiliate will grant Seller at Closing the following liens and security interests:

                

        

        (i) a first priority security interest in Guarantor’s securities account with Charles Schwab, having a fair market value of One Million Five Hundred Thousand Dollars
            ($1,500,000) on the Closing Date;

        
          10

          
            

        

        (ii) a first priority security interest in the Two Million Five Hundred and Two Thousand Nine Hundred and Two (2,502,902) shares of Seller’s common stock owned by Guarantor;

        (iii) a second lien on the real properties owned by the Companies, the Guarantor or their Affiliates as described on Schedule 2.06 hereto; and

        (iv) a second lien on any other assets of the Companies or on the equity of the Buyer.

        
          	
                  (b)

                	
                  Release

                          Amounts.  The Seller has agreed that it will release certain items of collateral upon the payment of certain agreed amounts on the Note as set forth on Schedule 2.06.

                

        

        
          	
                  (c)

                	
                  Amendment

                          to Agreement.  The Buyer and Seller will in due course amend this Agreement to attach the agreed form of the Collateral Agreements to this Agreement as Exhibits.

                

        

        Section 2.07 As-Is, Where-Is.  BUYER ACKNOWLEDGES AND AGREES THAT UPON CLOSING, SELLER SHALL CONVEY TO BUYER AND BUYER SHALL ACCEPT THE SHARES, THE COMPANIES AND THEIR BUSINESSES AND ASSETS AS-IS WHERE-IS, WITH ALL
              FAULTS, SUBJECT ONLY TO SELLER’S REPRESENTATIONS, WARRANTIES, COVENANTS AND INDEMNITIES SET FORTH IN THIS AGREEMENT.  BUYER ACKNOWLEDGES THAT IT IS A OWNED AND CONTROLLED BY GUARANTOR, WHO IS AN OFFICER AND DIRECTOR OF SELLER WHO HAS
              PARTICIPATED IN THE MANAGEMENT AND AFFAIRS OF THE COMPANIES ON AN ON-GOING BASIS AND THAT, EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, BUYER IS RELYING SOLELY ON ITS OWN, AND GUARANTOR’S, KNOWLEDGE AND EXPERTISE AND THAT THEY WILL MAKE
              SUCH OWN INDEPENDENT INVESTIGATION AND VERIFICATION OF THE ACCURACY OF ANY DOCUMENTS AND INFORMATION PROVIDED BY SELLER AS THEY SHALL DEEM NECESSARY OR APPROPRIATE.

        ARTICLE III 

            

            

            REPRESENTATIONS AND WARRANTIES OF SELLER

        To induce Buyer to enter into this Agreement and for Buyer’s reliance, Seller hereby represents
            and warrants to Buyer that the statements contained in this Article III are true and correct as of the date hereof.

        Section 3.01 Organization and Authority of Seller.  Seller is a corporation
            duly organized, validly existing and in good standing under the Laws of the state of Oklahoma. Seller has all necessary corporate power and authority to enter into this Agreement, to carry out its obligations hereunder and to consummate the
            Contemplated Transactions. The execution and delivery by Seller of this Agreement and the other Transaction Documents, the performance by Seller of its obligations hereunder and the consummation by Seller of the Contemplated Transactions have
            been duly authorized by all requisite corporate action on the part of Seller

        
          11

          
            

        

         other than the obtaining of Shareholder Approval. This Agreement has been duly executed and delivered by Seller, and
            (assuming due authorization, execution and delivery by Buyer and Shareholder Approval) this Agreement constitutes a legal, valid and binding obligation of Seller, enforceable against Seller 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).

        Section 3.02 Organization, Authority and Qualification of the Companies.

        
          	
                  (a)

                	
                  Tulsat is a limited liability company duly organized, validly existing and in good
                      standing under the Laws of the State of Oklahoma and has full power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently
                      conducted.  A copy of Tulsat’s Articles of Organization and Operating Agreement have been delivered to the Buyer.

                

        

        
          	
                  (b)

                	
                  NCS is a corporation duly organized, validly existing and in good standing under the
                      Laws of the Commonwealth of Pennsylvania and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently
                      conducted.  A copy of NCS’ Articles or Certificate of Incorporation and its Bylaws have been delivered to the Buyer.

                

        

        
          	
                  (c)

                	
                  Addvantage Missouri is a corporation duly organized, validly existing and in good
                      standing under the Laws of the State of Missouri and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is
                      currently conducted.  A copy of Addvantage Missouri’s Articles or Certificate of Incorporation has been delivered to the Buyer.

                

        

        
          	
                  (d)

                	
                  Addvantage Texas is a corporation duly organized, validly existing and in good
                      standing under the Laws of the State of Texas and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is
                      currently conducted.  A copy of Addvantage Texas’ Articles or Certificate of Incorporation and its Bylaws have been delivered to the Buyer.

                

        

        
          	
                  (e)

                	
                  Tulsat-Atlanta is a limited liability company duly organized, validly existing and in
                      good standing under the Laws of the State of Oklahoma and has full power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently
                      conducted.  A copy of Tulsat-Atlanta’s Articles of Organization and Operating Agreement have been delivered to the Buyer.

                

        

        Section 3.03 Capitalization.

        

          	
                  (a)

                	
                  There are 2,000 outstanding membership interests in Tulsat (“Tulsat Equity Interests”). The authorized capital stock of the NCS consists of 100,000 shares of common stock, par value $5.00 per
                      share (“NCS Common Stock”), of which 100,000 shares are issued and outstanding.  The authorized capital stock
                      of the Addvantage Missouri consists of 30,000 shares of common stock, par value $1.00 per share (“Addvantage Missouri
                        

                      

                    

                

        

        
          12

          
            

        

        
          	
                       

                    

                	
                  Common Stock”), of which 500 shares are issued and outstanding. The authorized capital stock of the Addvantage Texas consists of 1,000 shares of common stock, par value $1.00 (“Addvantage Texas Common Stock”), of which 1,000 shares are issued and outstanding. There are 2,000 outstanding
                      membership interests in Tulsat-Atlanta (“Tulsat-Atlanta Equity Interests”), which, together with the Tulsat
                      Equity Interests, NCS Common Stock, Addvantage Missouri Common Stock, and Addvantage Texas Common Stock, constitute all of the Shares.  All of the Shares have been duly authorized, are validly issued, fully paid and non-assessable,
                      and are owned of record and beneficially by Seller, free and clear of all Encumbrances.  Upon consummation of the Contemplated Transactions, Buyer shall own all of the Shares, free and clear of all Encumbrances, other than any
                      Encumbrances placed on the Shares by Buyer.

                

        

        
          	
                  (b)

                	
                  All of the Shares were issued in compliance with applicable Laws.  None of the Shares
                      were issued in violation of any agreement, arrangement or commitment to which Seller or any Company is a party or is subject to or in violation of any preemptive or similar rights of any Person.

                

        

        
          	
                  (c)

                	
                  There are no outstanding or authorized options, warrants, convertible securities or
                      other rights, agreements, arrangements or commitments of any character relating to the capital stock or membership interests of any Company or obligating Seller or any Company to issue or sell any shares of capital stock or membership
                      interests of, or any other interest in, any Company.  The Companies do not have outstanding or authorized any stock appreciation, phantom stock, profit participation or similar rights.  There are no voting trusts, stockholder
                      agreements, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Shares.

                

        

        Section 3.04 Non-Contravention.  The execution, delivery, and performance
            of this Agreement by Seller, and the consummation by Seller of Contemplated Transactions do not and will not: (i) subject to obtaining the Shareholder Approval, contravene or conflict with, or result in any violation or breach of, the
            certificate of incorporation, by-laws or other organizational documents of Seller or any Company; (ii) assuming that all Consents contemplated by clauses (i) through (iii) of Section 3.05 have been obtained or made, conflict with or violate any Law applicable to the Seller or any Company, or any of their respective properties or assets; or (iii) result in the creation or imposition of any
            Encumbrance on any properties or assets of a Company.

        Section 3.05 Consents.  Except as set forth on Schedule 3.05, no consent, approval, order, or authorization of, or registration, declaration, or filing with, or notice to any Person (any of the foregoing being a “Consent”), including
            any Governmental Authority is required to be obtained or made by the Seller in connection with the execution, delivery, and performance by the Seller of this Agreement or the consummation by the Seller of the Contemplated Transactions, except
            for: (i) the filing of the Seller Proxy Statement in definitive form with the SEC in accordance with the Exchange Act, and such reports under the Exchange Act as may be required in connection with this Agreement and the Contemplated
            Transactions; (ii) such Consents as may be required under applicable state securities or "blue sky" Laws and the securities Laws of any foreign country or the rules and regulations of the NASDAQ National Market; and (iii) such other Consents
            which if not obtained or made would not reasonably be 

        
          13

          
            

        

        expected to have, individually or in the aggregate, a material adverse effect on Seller or any Company.

        Section 3.06 Special Committee Approval.  Seller’s Special Committee, by
            resolutions duly adopted by a unanimous vote at a meeting of all members of the Special Committee duly called and held and, not subsequently rescinded or modified in any way, has: (i) determined that this Agreement and the Contemplated
            Transactions, upon the terms and subject to the conditions set forth herein, are fair to, and in the best interests of, Seller, Seller’s Shareholders and Seller’s Minority Shareholders; (ii) approved and declared advisable this Agreement,
            including the execution, delivery, and performance thereof, and the consummation of the Contemplated Transactions, upon the terms and subject to the conditions set forth herein; (iii) directed that the Contemplated Transactions be submitted to
            a vote of the Seller’s Shareholders and Minority Shareholders for adoption at the Shareholder Meeting; and (iv) resolved to recommend that Seller’s Shareholders and Minority Shareholders vote in favor of approving the Contemplated Transactions.

        Section 3.07 Legal Proceedings.  There are no Actions pending or, to
            Seller’s Knowledge, threatened against or by a Company, Seller or any Affiliate of Seller that challenges or seeks to prevent, enjoin or otherwise delay the Contemplated Transactions.

        Section 3.08 Tax Matters.

        

          	
                  (a)

                	
                  Except as set forth in Schedule 3.08, each of the Companies has timely filed all Tax Returns required to be filed by it, and all such Tax Returns are true, complete and accurate in all material respects.  All Taxes due and
                      owing by the Companies (whether or not shown on any Tax Returns) have been paid and all accrued and unpaid Taxes as of the Closing Date will not exceed the liability on the financial statements for Taxes as adjusted for operations and
                      transactions through the Closing Date, and the provision for Taxes in the Financial Statements is sufficient for all accrued and unpaid Taxes as of the respective dates thereof.

                

        

        

          	
                  (b)

                	
                  Seller has delivered to Buyer true and complete copies of the federal income tax
                      returns of Seller and its consolidated subsidiaries, including the Companies, as filed with the United States Internal Revenue Service for each of the fiscal years ended September 30, 2015, September 30, 2016, and September 30, 2017,
                      respectively, and all examination reports, and statements of deficiencies assessed against or agreed to by the Companies with respect to such taxable periods.  Each of such returns was prepared, in conformity with information
                      contained in the books and records of Seller and its consolidated subsidiaries, including the Companies.  Except as set forth in Schedule 3.08,
                      the provision for Taxes on each of the financial statements referenced in Section 3.08 is sufficient and reflects accounting for income Taxes
                      consistent with the requirements of ASC 740, Seller has taken no uncertain tax position, all Taxes (whether or not shown on any tax return, including, without limitation, income, property, sales, use, franchise, capital stock, excise,
                      added value, employees’ income withholding, social security and unemployment taxes imposed by the United States, any state or any foreign country, or by any other taxing authority, which have become due or payable by the Seller or any
                      of its subsidiaries, including the Companies, and all interest and penalties thereon, whether disputed or not, have been paid in full or adequately provided for by reserves shown in its books of account; 

                    

                

        

      

      
        14

        
          

      

      

        

          
            	
                         

                      

                  	
                    all deposits required by law to be made by Seller or any of its subsidiaries,
                        including the Companies, with respect to estimated income, franchise and employees’ withholding taxes have been duly made; and all tax returns, including estimated tax returns, required to be filed have been duly filed.

                  

          

          
            	
                    (c)

                  	
                    Except as set forth in Schedule 3.08, the federal and state income tax returns of Seller and its consolidated subsidiaries, including the Companies, have never been audited, assessed deficiencies or agreed to a tax
                        adjustment.  Schedule 3.08 also sets forth a list of those states in which income, franchise or sales and use tax returns were filed by
                        Seller and its consolidated subsidiaries, or by any of the Companies, during the last five (5) franchise tax years, and no claim has ever been made by an authority in a jurisdiction where the Companies do not file Tax Returns that
                        any Company is or may be subject to taxation by that jurisdiction.

                  

          

          
            	
                    (d)

                  	
                    Except as set forth on Schedule 3.08:

                  

          

          
            	
                     (i)  

                      

                  	
                    None of the Companies has consented to extend the time or waived
                        the statute of limitations in relation to any Tax that may be assessed or collected by any taxing authority;

                  

          

          
            	
                    (ii)  

                      

                  	
                    None of the Companies has requested or been granted an extension
                        of the time for filing any Tax Return to a date later than the Closing Date;

                  

          

          
            	
                    (iii)

                  	
                    There is no action, suit, taxing authority proceeding or audit
                        now in progress or pending against or with respect to the Companies with respect to any Tax;

                  

          

          
            	
                    (iv)

                  	
                    None of the assets of any Company constitutes tax-exempt bond
                        financing property within the meaning of Section 168 of the Code, and none of such assets is subject to a lease, safe harbor lease or other contract as a result of which such Company is not treated as the owner for U.S. federal
                        income Tax purposes;

                  

          

          
            	
                    (v)

                  	
                    None of the Companies has been a member of an Affiliated Group
                        (other than a group of which Seller is or was the parent) or has any Liability for Taxes of any Person (other than the Companies) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local, or foreign law),
                        as a transferee or successor, by contract, or otherwise);

                  

          

          
            	
                    (vi)

                  	
                    None of the Companies is a party to or bound by any Tax
                        allocation or Tax sharing agreement;

                  

          

          
            	
                    (vii)

                  	
                    There are no Liens for Taxes (other than Taxes not yet due and
                        payable) upon any of the assets of the Companies;

                  

          

          
            	
                    (viii)

                  	
                    Each of the Companies has withheld and paid all Taxes required to
                        have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor, creditor, stockholder, member, partner or other third party;

                  

          

          
            	
                    (ix)

                  	
                    No Company is a party to any agreement, contract, arrangement, or
                        plan that has resulted or would result, separately or in the aggregate, in the payment of (A) any “excess parachute payment” within the meaning of Code Section 280G (or any corresponding provision of state, local, or foreign Tax
                        law) and (B) any amount that will 

                      

                  

          

        

        
          15

          
            

        

         

          

          
            
              	
                            

                        

                    	
                      not be fully deductible as a result of Code Section 162(m) (or
                          any corresponding provision of state, local, or foreign Tax law);

                    

            

          

          

            
              	
                      (x)

                    	
                      None of the Companies has been a United States real property
                          holding corporation within the meaning of Code Section 897(c)(2) during the applicable period specified in Code Section 897(c)(1)(A)(ii);

                    

            

            
              	
                      (xi)

                    	
                      Seller is a not “foreign person” within the meaning of Section
                          1445 of the Code;

                    

            

            
              	
                      (xii)

                    	
                      None of the Companies nor Seller will be required to include
                          any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (A) change in method of accounting for a taxable period
                          ending on or prior to the Closing Date; (B) “closing agreement” as described in Code Section 7121 (or any corresponding, or similar provision of state, local or foreign Tax law) executed on or prior to the Closing Date; (C)
                          deferred intercompany transactions or any excess loss account described in Treasury Regulations under Code Section 1502 (or any corresponding or similar provision of state, local or foreign tax laws); (D) installment sale or open
                          transaction disposition made on or prior to the Closing Date; (E) prepaid amount received on or prior to the Closing Date; or (F) any election under Section 108(i) of the Code or comparable provisions of state, local or foreign
                          Tax laws;

                    

            

            
              	
                      (xiii)

                    	
                      None of the Companies has entered into any “reportable
                          transactions” as defined in the Treasury Regulations; and

                    

            

            
              	
                      (xiv)

                    	
                      None of the Companies has distributed stock of another Person,
                          or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Code Sections 355 or 361.

                    

            

            

            Section 3.09 Seller Not a Creditor of, or Debtor, to the Companies. 

                Except as set forth in Schedule 3.09, Seller (a) is not the holder of any debt, account or note payable by any of the Companies; (b) is not indebted
                to any of the Companies for the payment of any debt, account or note receivable; and (c) owns no property or rights, tangible or intangible, used in or related, directly or indirectly, to the Restricted Business other than by reason of the
                Benefit Plans and its provision of administrative services to the Companies and their employees.

            Section 3.10 Benefit Plans.  Except as set forth on Schedule 3.10, Seller and each of the Companies is in compliance in all material respects with all reporting and disclosure requirements applicable to it
                and to each Pension Plan and each Welfare Plan adopted and administered by it under the Code, the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and all Department of Labor and Internal Revenue Service regulations promulgated thereunder.  For purposes of this Section, “Pension Plan” means and includes each “employee
                  pension benefit plan” (within the meaning of Section 3(2)(A) of ERISA) maintained by Seller or the Companies, or any of them for the benefit of individual employed by any of the Companies, and “Welfare Plans” means and includes each “employee welfare benefit plan” (within the meaning of Section 3(1) of ERISA) maintained by Seller or the Companies, or any of them for the benefit of individual employed by any of the Companies.

            
              16

              
                

            

            
              
                
                  	
                          (a)

                        	
                          All of the Pension Plans and Welfare Plans (each, a “Plan” and, collectively, the “Plans”) maintained by or for the benefit of any of the Companies, or its or their employees, are listed and described in Schedule 3.10.  There is no outstanding liability of any of the Companies to any Plan (other than payroll deduction contributions not yet remitted to the Plan trustee), and Seller knows of any potential
                              liabilities in connection therewith.  Schedule 3.10 sets forth on a Plan by Plan basis, the present value of benefits payable as of
                              the date hereof, presently or in the future, to individuals employed by any of the Companies under each unfunded Plan.  Seller has provided Buyer with (i) true and complete copies of each Plan and all amendments thereto (or,
                              if not written, a summary of its terms); (ii) any related trust agreement or other funding agreement, including, but not limited to, insurance contracts; (iii) the most recent IRS determination letter, if applicable; (iv) any
                              summary plan description and other material written communication (or a description of any material oral communications) by Seller or the Companies to individuals employed by any of the Companies concerning the benefits
                              provided under the Plan; and (v) the most recent financial statements and last three (3) Form 5500 annual reports (including attached schedules).

                        

                

                
                  	
                          (b)

                        	
                          For each Plan that is intended to satisfy the provisions of Section 401(a) of
                              the Code, (i) such Plan has been timely amended to comply with changes in applicable law and regulatory guidance; (ii) Seller and/or the Companies have obtained a favorable determination letter from the IRS to such effect;
                              (iii) none of the determination letters has been revoked by the IRS, nor has the IRS given any indication to Seller or the Companies that it intends to revoke any such determination letter; (iv) no such employee pension
                              benefit plan is subject to Title IV of ERISA or Sections 412(n) or 430 of the Code; and (v) no prohibited transaction within the meaning of Section 406 of ERISA has occurred with respect to any employee pension benefit plan
                              and no tax has been imposed pursuant to Section 4975 or 4976 of the Code in respect thereof.

                        

                

                
                  	
                          (c)

                        	
                          Except as set forth in Schedule 3.10, each Plan has been maintained, funded and administered in accordance with their terms and comply in form and in application in all material respects with the applicable
                              requirements of applicable laws, including, but not limited to, ERISA and the Code.  No fiduciary has any liability for breach of fiduciary duty or any other failure to act or comply in connection with the administration or
                              investment of the assets of any Plan.

                        

                

                
                  	
                          (d)

                        	
                          No civil or criminal action brought pursuant to the provisions of Title I,
                              Subtitle B, Part 5 of ERISA or any other federal or state law is pending or, to Seller’s Knowledge threatened, against any fiduciary of the Plans.  None of the Plans, nor any fiduciary thereof, has been, or is currently, the
                              direct or indirect subject of an audit, investigation or examination by any govern-mental or quasi-governmental agency and there are no actions, suits or claims pending (other than for benefits in the normal course), pending,
                              or to Seller’s Knowledge threatened, and Seller has no Knowledge of any facts which could give rise to any action, suit or claim, against any Plan or any of the Companies, which might subject any of the Companies to any
                              material liability.

                        

                

                
                  	
                          (e)

                        	
                          Each Plan that is intended to meet the requirements of tax-favored status
                              under Part III of Subchapter B of Chapter 1 of Subtitle A of the Code meets such requirements.

                        

                

              

              

              

              
                17

                
                  

              

              

              

              
                
                  	
                          (f)

                        	
                          For each Plan which is a “group health plan” within the meaning of Section
                              5000(b)(1) of the Code and, except as set forth in Schedule 3.10, Seller and the Companies have complied in all respects with the
                              notice and continuation coverage requirements of Section 4980B of the Code, the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), and Part 6 of Subtitle B of Title I of ERISA and the regulations thereunder and the Family and Medical Leave Act of 1994, and all regulations promulgated thereunder.

                        

                

                
                  	
                          (g)

                        	
                          All contributions to, and payments from, the Plans which are required to have
                              been made by Seller and the Companies and their Commonly Controlled Entities with respect to any period ending on or before the Closing Date, in accordance with such Plans, have been timely made.

                        

                

              

              
                	
                        (h)

                      	
                        Neither Seller, the Companies, nor any Commonly Controlled Entity has any formal
                            plan or commitment, whether legally binding or not, to create any additional Plan or modify or change any existing Plans that would affect any employee or terminated employee, manager or director of the Companies, Seller or any
                            Commonly Controlled Entity.

                      

              

              
                	
                        (i)

                      	
                        Neither the execution, delivery or performance of this Agreement by Seller nor
                            the consummation of the transactions contemplated hereby will (i) accelerate the time of payment or vesting, or increase the amount of compensation due any such director, manager, officer or employee under any of the Plans or
                            (ii) result in any prohibited transaction described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not available.

                      

              

              
                	
                        (j)

                      	
                        None of the Plans, nor any of their related trusts, and none of the Companies
                            nor any trustee, administrator or other “party in interest” or “disqualified person” (within the meaning of Section 3(14) of ERISA or Section 4975(e)(2) of the Code, respectively) with respect to
                            any Plan, has engaged in any non-exempt “prohibited transaction” (within the meaning of Section 406 of
                            ERISA or Section 4975(c) of the Code, respectively) with respect to the participation of any of the Companies therein, which could subject any of the Plans, their related trusts, any trustee, administrator or other fiduciary of
                            any such Plan, any of the Companies, Buyer, or any other party dealing with the Plan, to the penalties or excise tax imposed on prohibited transactions by Section 502 of ERISA or Section 4975 of the Code or which could have a
                            material adverse effect on the assets, business or financial condition of any of the Companies.

                      

              

              
                	
                        (k)

                      	
                        Each of the Plans complies currently, and has complied in the past, both as to
                            form and operation, in all material respects with its own terms and with the provisions of ERISA and the Code, and all other applicable laws, rules and regulations; all necessary governmental approvals and determinations for the
                            Plan has been obtained, including where applicable, a favorable determination as to its qualification under Sections 401(a), and 501(a) of the Code; and nothing has occurred since the date of each such determination or
                            recognition letter that would adversely affect such qualification.  All amounts that are currently owing to plan participants, and contributions required to be made, to each of the Plans have been paid or contributed with
                            respect to all periods prior to the Closing Date or provided for by adequate reserves on the Valuation Date Balance Sheet.

                      

              

            

            
              18

              
                

            

            

              
                
                  	
                          (l)

                        	
                          None of the Companies nor any other entity, including Seller, whether or not
                              incorporated, which is deemed to be under “common control” (as defined in Section 414 of the Code, or
                              4001(b) of ERISA) with the Companies, or any of them (“Commonly Controlled Entity”), maintains or
                              contributes to any “employee pension benefit plan” (within the meaning of Section 3(2)(A) of ERISA) )
                              that (a) is a “defined contribution plan” described in Section 3(34) of ERISA or Section 414(i) of the
                              Code, or a “defined benefit plan” described in Section 3(35) of ERISA or Section 414(j) of the Code,
                              and (b) gives rise, or will give rise, to any liability of any of the Companies for (i) any delinquent premium payments due under Section 4007 or ERISA with respect to any such defined benefit plan, or (ii) any unpaid minimum
                              funding contributions that would result in the imposition of a lien on any assets of any of the Companies pursuant to Section 412(c)(11) of the Code or Section 302(c)(11) of ERISA.  None of the Companies, nor any Commonly
                              Controlled Entity, including Seller, sponsors or sponsored, or maintains or maintained, any defined benefit plan that has been, or will be, terminated in a manner that would result in any liability of any of the Companies to
                              the Pension Benefit Guaranty Corporation or that would result in the imposition of a lien on any assets of any of the Companies pursuant to Section 4068 of ERISA.  At no time during the five-year period immediately preceding
                              the first day of the year in which the Closing Date occurs has any of the Companies or any Commonly Controlled Entity, including Seller, participated in or contributed to any “multi-employer plan” (within the meaning of Section 4001(a)(3) of ERISA or Section 414(f) of the Code), or had an obligation to participate in or
                              contribute to any such multi-employer plan.  No agreement subject to Section 4204 of ERISA has been entered into in connection with the transaction contemplated in the Agreement.  None of the Welfare Plans provides for or
                              promises retiree medical, disability or life insurance benefits to any current or former employee, officer, or director of any of the Companies.

                        

                

                
                  	
                          (m)

                        	
                          All “health plans” and “group health plans” (as those terms are defined by the
                              Health Insurance Portability and Accountability Act of 1996, Public Law 104-191 (“HIPAA”)) that Seller,
                              or the Companies or any Commonly Controlled Entity sponsors are in compliance with all applicable requirements under HIPAA.  Specifically, but without limitation, all such health plans timely adopted the legally necessary
                              policies and procedures, business associate agreements, and other required documentation to comply with privacy component of HIPAA and the regulations issued thereunder including but not limited to 45 CFR 160 and CFR Part 164
                              (“HIPAA Regulations”) as amended from time to time.  Neither Seller, the Companies, nor any Commonly
                              Controlled Entity, nor any of their respective health plans or group health plans, have violated any applicable requirements of HIPAA or the HIPAA Regulations.

                        

                

              

            

            Section 3.11 Continuity of Representations and Update of Schedules. 

                Seller covenants and agrees to advise Buyer promptly, when Seller has Knowledge, of any material adverse change in or deviation or from any of the foregoing representations and warranties from the Effective Date through the Closing Date. 
                Seller agrees that, with respect to its representations and warranties contained in this Agreement, Seller shall, when Seller has Knowledge, supplement or amend the Schedules to this Agreement as of the Closing Date with respect to any
                matter hereafter arising or discovered which, if existing or known at the date of this Agreement, would have been required to be set forth or described.

            
              19

              
                

            

            ARTICLE IV 

                

                

                REPRESENTATIONS AND WARRANTIES OF BUYER

            Buyer represents and warrants to Seller that the statements contained in this Article IV are true and correct as of the date hereof.

            Section 4.01 Organization and Authority of Buyer.  Buyer is a
                corporation duly organized, validly existing and in good standing under the Laws of the state of Oklahoma. Buyer has all necessary power and authority to enter into this Agreement, to carry out its obligations hereunder and to consummate
                the Contemplated Transactions. The execution and delivery by Buyer of this Agreement and the other Transaction Documents, the performance by Buyer of its obligations hereunder and the consummation by Buyer of the transactions contemplated
                hereby have been duly authorized by all requisite action on the part of Buyer’s Directors. This Agreement has been duly executed and delivered by Buyer, and (assuming due authorization, execution and delivery by Seller and Shareholder
                Approval) this Agreement constitutes a legal, valid and binding obligation of Buyer, enforceable against Buyer 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).

            Section 4.02 Non-Contravention.  The execution, delivery, and
                performance of this Agreement by Buyer, and the consummation by Buyer of Contemplated Transactions do not and will not: (i), contravene or conflict with, or result in any violation or breach of, the Certificate of Incorporation and Bylaws
                and other organizational documents of Buyer; or (ii) assuming that all Consents contemplated by clauses (i) through (iii) of Section 4.03 have been
                obtained or made, conflict with or violate any Law applicable to Buyer, or any of their respective properties or assets.

            Section 4.03 Governmental Consents.  No Consent of any
                Governmental Authority is required to be obtained or made by the Buyer in connection with the execution, delivery, and performance by the Buyer of this Agreement or the consummation by the Buyer of the Contemplated Transactions, except for:
                (i) the filing of the Seller Proxy Statement in definitive form with the SEC in accordance with the Exchange Act, and such reports under the Exchange Act as may be required in connection with this Agreement and the Contemplated
                Transactions; (ii) such Consents as may be required under applicable state securities or "blue sky" Laws and the securities Laws of any foreign country or the rules and regulations of the NASDAQ National Market; and (iii) such other
                Consents which if not obtained or made would not reasonably be expected to have, individually or in the aggregate, a material adverse effect on Buyer.

            Section 4.04 Investment Purpose.  Buyer is acquiring the Shares
                solely for its own account for investment purposes and not with a view to, or for offer or sale in connection with, any distribution thereof.  Buyer acknowledges that the Shares are not registered under the Securities Act of 1933, as
                amended, or any state securities laws, and that the Shares may not be transferred or sold except pursuant to the registration provisions of the Securities Act of 1933, as amended or pursuant to an applicable exemption therefrom and subject
                to state securities laws and regulations, as applicable.

            
              20

              
                

            

            Section 4.05 Sufficiency of Funds.  Buyer has or, subject to Section 7.02(d) will have at the time of Closing, sufficient cash on hand or other sources of immediately available funds to enable it to make the Down
                Payment and consummate the Contemplated Transactions.

            Section 4.06 Legal Proceedings.  There are no Actions pending
                or, to Buyer's Knowledge, threatened against or by Buyer that challenge or seek to prevent, enjoin or otherwise delay the Contemplated Transactions.  No event has occurred or circumstances exist that may give rise or serve as a basis for
                any such Action.

            Section 4.07 Sole Participant.  The Guarantor is the sole
                shareholder and director and president of the Buyer.  No other Shareholder owns any interest of any kind in Buyer, is a party to any contract, oral or written, with Buyer or is a participant of any kind, whether as a lender, service
                provider, agent or otherwise, in the Buyer or its business.

            Section 4.08 C Corporation Status.  Buyer has elected and is a
                valid “C Corporation” under the Code and will maintain such status through the making of the 338(h)(10) election described in Section 6.09.

            ARTICLE V 

                

                

                COVENANTS

            Section 5.01 Conduct of Business Prior to the Closing.  From the
                date hereof until the Closing, except as otherwise contemplated by this Agreement or consented to in writing by Buyer, Seller shall, and shall cause each Company to conduct the business of the Companies in the ordinary course of business
                consistent with past practice and use reasonable efforts to maintain and preserve intact the current organization, business and franchise of each Company and to preserve the rights, franchises, goodwill and relationships of its employees,
                customers, lenders, suppliers, regulators and others having business relationships with any Company;  provided, however, that on or about the Closing Date, and prior to consummating the Contemplated Transaction each of the Companies shall
                declare and pay to Seller, as the sole shareholder of the Companies, a dividend or distribution in an amount equal to all of the Cash held by such Company.

            Section 5.02 Access to Information.  From the date hereof until
                the Closing, Seller shall, and shall cause each Company to afford Buyer and its representatives full and free access to and the right to inspect all of the Real Property, properties, assets, premises, books and records, contracts and other
                documents and data related to the Companies.

            Section 5.03 Shareholder Meeting; Proxy Material.

            (a) Seller shall take all action necessary to duly call, give notice of, convene, and hold the Shareholder Meeting as soon as reasonably practicable after the date of this
                Agreement, and, in connection therewith, Seller shall mail the Seller Proxy Statement to Shareholders in advance of such meeting. Unless Seller’s Board of Directors shall have effected an Adverse Recommendation Change as permitted by Section 5.04 hereof, the Seller Proxy Statement shall include the Board of Director’s recommendation of the adoption of this Agreement and the approval
                of the Contemplated Transactions. Subject to Section 5.04 hereof, 

            
              21

              
                

            

            Seller shall use reasonable best efforts to: (i) solicit from the Shareholders proxies in favor of the adoption of
                this Agreement and approval of the Contemplated Transactions; and (ii) take all other actions necessary or advisable to secure the Shareholder Approval. Seller shall not submit any other proposals for approval at the Shareholder Meeting
                without the prior written consent of Buyer. Seller shall keep Buyer updated with respect to proxy solicitation results as requested by Buyer. Once the Shareholders Meeting has been called and noticed, Seller shall not postpone or adjourn
                the Shareholders Meeting without the consent of Buyer (other than: (A) in order to obtain a quorum of its Shareholders or (B) to allow reasonable additional time after the filing and mailing of any supplemental or amended disclosures to the
                Seller Proxy Statement for compliance with applicable legal requirements). If the Board of Directors makes an Adverse Recommendation Change, it will not alter the obligation of Seller to submit the adoption of this Agreement and the
                approval of the Contemplated Transactions to the Shareholders at the Shareholders Meeting to consider and vote upon, unless this Agreement shall have been terminated in accordance with its terms prior to the Shareholders Meeting.

            (b) In connection with the Shareholder Meeting, as soon as reasonably practicable following the date of this Agreement, Seller shall prepare and file the Seller Proxy
                Statement with the SEC. Seller shall not file the Seller Proxy Statement, or any amendment or supplement thereto, without providing Buyer a reasonable opportunity to review and comment thereon (which comments shall be reasonably considered
                by Seller). Seller shall use commercially reasonable efforts to cause the Seller Proxy Statement at the date that it (and any amendment or supplement thereto) is first published, sent, or given to the Shareholders and at the time of the
                Shareholders Meeting, to comply as to form in all material respects with the requirements of the Exchange Act and the rules and regulations promulgated thereunder. Seller shall use commercially reasonable efforts to resolve, and each party
                agrees to consult and cooperate with the other party in resolving, all SEC comments with respect to the Seller Proxy Statement as promptly as practicable after receipt thereof and to cause the Seller Proxy Statement in definitive form to be
                cleared by the SEC and mailed to the Shareholders as promptly as reasonably practicable following filing with the SEC. Seller agrees to consult with Buyer prior to responding to SEC comments with respect to the preliminary Seller Proxy
                Statement. Seller agrees to correct any information which shall have become false or misleading and shall promptly prepare and mail to the Shareholders an amendment or supplement setting forth such correction. Seller shall as soon as
                reasonably practicable: (i) notify Buyer of the receipt of any comments from the SEC with respect to the Seller Proxy Statement and any request by the SEC for any amendment to the Seller Proxy Statement or for additional information; and
                (ii) provide Buyer with copies of all written correspondence between Seller, on the one hand, and the SEC, on the other hand, with respect to the Seller Proxy Statement. Buyer shall cooperate fully with Seller, as requested by Seller, in
                all aspects of the preparation of the Seller Proxy Statement, shall advise Seller promptly upon discovery of any false or misleading information concerning Buyer or Buyer’s intentions in the Seller Proxy Statement and shall assist Seller,
                as requested by Seller, in reviewing and responding to SEC comments regarding the Seller Proxy Statement.

            Section 5.04 No Solicitation of Other Bids.

            

              	
                      (a)

                    	
                      Seller shall not, and, shall not authorize or permit any of its Affiliates
                          (including a Company) or any of its or their representatives to, directly or indirectly, (i) encourage, solicit, initiate, facilitate or continue inquiries regarding a third-party Acquisition Proposal; (ii) enter into discussions
                          or negotiations with, or provide any information to, any Person concerning a possible third-party Acquisition 

                        

                    

            

             

              

            
              22

              
                

            

            
              	
                          

                        

                    	
                      Proposal; or (iii) enter into any agreements or other instruments (whether or not
                          binding) regarding a third-party Acquisition Proposal.  Seller shall immediately cease and cause to be terminated, and shall cause its Affiliates (including a Company) and all of its and their representatives to immediately cease
                          and cause to be terminated, all existing discussions or negotiations with any Persons conducted heretofore with respect to, or that could lead to, a third-party Acquisition Proposal.

                    

            

            
              	
                      (b)

                    	
                      Notwithstanding anything to the contrary in this Agreement, prior to obtaining
                          Shareholder Approval, Seller and Seller’s Board of Directors may take any actions described in clause (ii) of Section 5.04(a) with respect
                          to a third party if (x) Seller receives a written Acquisition Proposal with respect to Seller from such third party (and such Acquisition Proposal was not initiated, sought, solicited, knowingly encouraged or facilitated in
                          violation of this Section 5.04) and (y) such proposal constitutes, or Seller’s Board of Directors determines in good faith that such
                          proposal could reasonably be expected to lead to, a Superior Proposal. Nothing contained in this Section 5.04 shall prohibit Seller or
                          Seller’s Board of Directors from taking and disclosing to the Shareholders a position with respect to an Acquisition Proposal pursuant to Rules 14d-9 and 14e-2(a) promulgated under the Exchange Act or from making any similar
                          disclosure, if Seller’s Board of Directors has reasonably determined in good faith that the failure to do so would be reasonably likely to be a breach of its fiduciary obligations to the Shareholders or would violate applicable
                          Law; provided, that this sentence shall not permit Seller’s Board of Directors to make an Adverse Recommendation Change, except to the extent permitted by Section 5.04(c) or Section 5.04(d).

                    

            

            
              	
                      (c)

                    	
                      Notwithstanding the foregoing, at any time prior to obtaining Shareholder
                          Approval, and subject to Seller’s compliance at all times with the provisions of this Section 5.04 (other than immaterial non-compliance),
                          in response to a Superior Proposal that has not been withdrawn and did not result from a breach of Section 5.04(a) or Section 5.04(b), Seller’s Board of Directors may make an Adverse Recommendation Change; provided, however, that Seller may not make an Adverse
                          Recommendation Change in response to a Superior Proposal with respect to Seller (x) until two (2) days after Seller provides written notice to Buyer advising Buyer that Seller’s Board of Directors has received a Superior Proposal,
                          specifying the material terms and conditions of such Superior Proposal, identifying the Person or group making such Superior Proposal and including copies of all documents pertaining to such Superior Proposal (it being understood
                          and agreed that any change to the financial or other material terms of a proposal that was previously the subject of a notice hereunder shall require a new notice as provided herein) and (y) unless Seller’s Board of Directors
                          determines in good faith that the failure to make an Adverse Recommendation Change could be a breach of its fiduciary obligations to the Shareholders.

                    

            

            
              	
                      (d)

                    	
                      Notwithstanding the foregoing, at any time prior to obtaining Shareholder
                          Approval, following any Intervening Event, Seller’s Board of Directors may make an Adverse Recommendation Change after Seller’s Board of Directors (i) determines in good faith that the failure to make such an Adverse
                          Recommendation Change in response to such Intervening Event could be a breach of its fiduciary obligations to the Shareholders; (ii) determines in good faith that the reasons for making such an Adverse Recommendation Change are
                          independent of and unrelated to any pending Acquisition Proposal with respect to 

                        

                    

            

          

          
            23

            
              

          

          

            

              	
                            

                        

                    	
                      Seller; and (iii) provides written notice to Buyer (a "Notice of Change") advising Buyer that Seller’s Board of Directors is contemplating making an Adverse Recommendation Change and
                          specifying the material facts and information constituting the basis for such contemplated determination; provided, however, that Seller’s Board of Directors may not make such an Adverse Recommendation Change until the second
                          (2nd) day after receipt by Buyer of a Notice of Change.

                    

              
                	
                        (e)

                      	
                        The parties agree that in addition to the obligations of Seller set forth in
                            paragraphs (a) through (d) of this Section 5.04, as promptly as practicable after receipt thereof, and in any event within forty-eight
                            (48) hours, Seller, shall advise Buyer in writing of any request for information or any Acquisition Proposal received from any Person, or any inquiry, discussions or negotiations with respect to any Acquisition Proposal, and the
                            terms and conditions of such request, Acquisition Proposal, inquiry, discussions or negotiations, and Seller shall promptly provide to Buyer copies of any written materials received by Seller in connection with any of the
                            foregoing and the identity of the Person or group making any such request, Acquisition Proposal or inquiry or with whom any discussions or negotiations are taking place. Seller agrees that it shall simultaneously provide to
                            Buyer any non-public information concerning itself or its Affiliates provided to any other Person or group in connection with any Acquisition Proposal which was not previously provided to Buyer; provided, that Buyer shall, as a
                            condition to its receipt of such non-public information, enter into any confidentiality, non-disclosure or non-use covenant as Seller shall reasonably request.

                      

              

               

            Section 5.05 Notice of Certain Events.

            
              	
                      (a)

                    	
                      From the date hereof until the Closing, Seller shall promptly notify Buyer in
                          writing of:

                    

            

            
              	
                      (i)

                    	
                      any fact, circumstance, event or action the existence, occurrence or taking of
                          which has resulted in, or could reasonably be expected to result in, any representation or warranty made by Seller hereunder not being true and correct or has resulted in, or could reasonably be expected to result in, the failure
                          of any of the conditions set forth in Section 7.02 to be satisfied;

                    

            

            
              	
                      (ii)

                    	
                      any notice or other communication from any Person alleging that the consent of such
                          Person is or may be required in connection with the Contemplated Transactions; and

                    

            

            
              	
                      (iii)

                    	
                      any notice or other communication from any Governmental Authority in connection
                          with the Contemplated Transactions.

                    

            

            Section 5.06 Resignations.  Seller shall cause to be delivered
                to Buyer written resignations, effective as of the Closing Date, of the officers and directors of each Company.

            Section 5.07 Non-Competition; Non-Solicitation; Buyer Standstill.

            

              	
                      (a)

                    	
                      During the Restricted Period, Seller shall not, and shall not permit any of its
                          Affiliates to, directly or indirectly, (i) engage in or assist others in engaging in the Restricted Business in the Territory; (ii) have an interest in any Person that engages directly or indirectly in the Restricted Business in
                          the Territory in any capacity, including as a partner, shareholder, 

                    

            

             

              

            
              24

              
                

            

            
              	
                            

                        

                    	
                      member, employee, principal, agent, trustee or consultant; or (iii) intentionally
                          interfere in any material respect with the business relationships (whether formed prior to or after the date of this Agreement) between a Company and customers or suppliers of such Company.  Notwithstanding the foregoing, Seller
                          or its Affiliates may own, directly or indirectly, solely as an investment, securities of any Person traded on any national securities exchange if Seller is not a controlling Person of, or a member of a group which controls, such
                          Person and does not, directly or indirectly, own 5% or more of any class of securities of such Person.  Notwithstanding the restrictions recited in items (i) and (ii) of this Section 5.07(a), Buyer and Seller acknowledge that there is some existing overlap between the current Cable TV business-related products sold by the Companies and certain products sold and
                          serviced by Seller’s Nave Communications and occasionally by its Triton Datacom subsidiaries.  Since some of the technologies employed in the core networks of certain CATV- and telecom-network providers are common to both, Buyer
                          and Seller agree that Seller may occasionally engage in conduct technically prohibited by item (i) of this Section 5.07(a) or have an
                          interest in a Person occasionally engaged in such conduct, provided that (A) such conduct is not, in Buyer’s reasonable opinion, materially adverse to Buyer’s ownership and operation of the Restricted Business and (B) Seller
                          shall, upon demand by Buyer, immediately cease and desist from continuing to engage in such conduct or shall divest itself from its interest in any Person which is engaging therein.

                    

            

            
              	
                      (b)

                    	
                      During the Restricted Period, Seller shall not, and shall not permit any of its
                          Affiliates to, directly or indirectly, solicit any employee of a Company or encourage any such employee to leave such employment, except pursuant to a general solicitation which is not directed specifically to any such employees;
                          provided, that nothing in this Section 5.07(b) shall prevent Seller or any of its Affiliates from hiring (i) any employee whose employment
                          has been terminated by a Company or Buyer or (ii) after one hundred eighty (180) days from the date of termination of employment, any employee whose employment has been terminated by the employee.

                    

            

            
              	
                      (c)

                    	
                      During the Restricted Period, neither Buyer nor any of its Affiliates will,
                          individually or collectively, directly or indirectly (including, without limitation, agreeing or advising, assisting or encouraging, or providing information or financing to others to) unless specifically requested in writing in
                          advance by Seller:

                    

            

            
              	
                      (i)

                    	
                      Acquire, or agree, offer, seek or propose to acquire (or request permission to do
                          so), from any Person, directly or indirectly, by purchase or merger, through the acquisition of control of another Person, by joining a partnership, limited partnership or other or otherwise, beneficial ownership (as defined in
                          Rule 13d-3 under the Exchange Act) any equity securities of Seller, or direct or indirect rights (including convertible securities) or options or warrants to acquire such beneficial ownership (or otherwise act in concert with
                          respect to any such securities, rights or options with any Person that so acquires, offers to acquire or agrees to acquire);

                    

            

            
              	
                      (ii)

                    	
                      make, or in any way participate in, directly or indirectly, any solicitation of
                          proxies to vote (as such terms are used in the Regulation 14A promulgated under the Exchange Act), become a participant in any election contest (as such terms are defined in Rule 14a-11 promulgated under the Exchange Act) or
                          initiate, propose or otherwise solicit shareholders of Seller for the approval of any shareholder proposals (or 

                        

                    

            

          

          
            25

            
              

          

          

            
              	
                            

                      

                    	
                      request permission to do so), in each case with respect to Seller; provided,
                          however, that the foregoing shall not apply to any person who is a member of the Board of Directors of Seller acting in his capacity as a director of Seller with respect to matters approved by a majority of Seller’s Board;

                    

            

          

          

            
              	
                      (iii)

                    	
                      form, join, in any way participate in, or encourage the formation of, a group
                          (within the meaning of Section 13(d)(3) of the Exchange Act) with respect to any voting securities of Seller;

                    

            

            
              	
                      (iv)

                    	
                      deposit any securities of Seller into a voting trust, or subject any securities of
                          Seller to any agreement or arrangement with respect to the voting of such securities, or other agreement or arrangement having similar effect;

                    

            

            
              	
                      (v)

                    	
                      alone or in concert with others, seek, propose, encourage or support any effort, to
                          influence or control the management, Board of Directors, business, policies, affairs or actions of Seller;

                    

            

            
              	
                      (vi)

                    	
                      sell or transfer any voting securities of Seller to any Person except for sales or
                          transfers receiving the prior approval of the Board of Directors;

                    

            

            
              	
                      (vii)

                    	
                      request Seller (or any directors, officers, employees or agents of Seller),
                          directly or indirectly, to amend, waive or modify any provision of this Section 5.07(c); or

                    

            

            
              	
                      (viii)

                    	
                      enter into any discussions, negotiations, arrangements or understandings with any
                          party other than Seller or its advisors, or make any public announcement, with respect to any matters set forth in Section 5.07(c)(i) – (vii).

                    

            

            If, at any time during the Restricted Period, Buyer or Buyer’s Affiliate is approached by any
                Person concerning Buyer or its Affiliate’s participation in a transaction involving Seller’s assets or businesses or securities issued by Seller or concerning any of the activities prohibited to Buyer or its Affiliate under this Section 5.07(c), Buyer will immediately inform Seller in writing of the nature of such contact and the parties thereto.

            
              	
                      (d)

                    	
                      Each of Seller and Buyer acknowledges that a breach or threatened breach of this Section 5.07 would give rise to irreparable harm to the other, for which monetary damages would not be an adequate remedy, and each hereby
                          agrees that in the event of a breach or a threatened breach by it of any such obligations, the other 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).

                    

            

                  (e)         Each of Seller and Buyer acknowledges that the
                restrictions contained in this Section 5.07 are reasonable and necessary to protect the other’s legitimate interests and constitute a material
                inducement for each to enter into this Agreement and consummate the Contemplated Transactions.  In the event that any covenant contained in this Section 5.07
                should ever be adjudicated to exceed the time, geographic, product or service, or other limitations permitted by applicable Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be
                deemed reformed, in such

            
              26

              
                

            

          

          

            jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable Law.  The covenants contained in this Section 5.07 and each provision hereof are severable and distinct covenants and provisions.  The invalidity or unenforceability of any such covenant or
              provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any jurisdiction shall not invalidate or render unenforceable such covenant or
              provision in any other jurisdiction.

          

          Section 5.08 Governmental Approvals and Consents.

          
            	
                    (a)

                  	
                    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 reasonable best 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 its obligations pursuant to this Agreement and the other Transaction Documents.  Each party shall
                        cooperate fully with the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders and approvals.  Neither Seller nor Buyer shall willfully take any action that will have the effect of
                        delaying, impairing or impeding the receipt of any required consents, authorizations, orders and approvals.  Buyer shall reasonably cooperate with Seller in connection with the timely filing with the SEC of a Current Report on Form
                        8-K, reporting the signing of this Agreement and the completion of the Contemplated Transactions.

                  

          

          
            	
                    (b)

                  	
                    Seller shall use reasonable best efforts to give all notices to, and obtain all
                        consents from, all third parties.

                  

          

          
            	
                    (c)

                  	
                    Without limiting the generality of the parties' undertakings pursuant to subsections
                        (a) and (b) above, each of the parties hereto shall use all reasonable best efforts to respond to any inquiries by any Governmental Authority regarding antitrust or other matters with respect to the Contemplated Transactions or any
                        Transaction Document.

                  

          

          
            	
                    (d)

                  	
                    All analyses, appearances, meetings, discussions, presentations, memoranda, briefs,
                        filings, arguments, and proposals made by or on behalf of either party before any Governmental Authority or the staff or regulators of any Governmental Authority, in connection with the Contemplated Transactions (but, for the
                        avoidance of doubt, not including any interactions between Seller or a Company with Governmental Authorities in the ordinary course of business, any disclosure which is not permitted by Law or any disclosure containing confidential
                        information the disclosure of which is prohibited by the provisions of any agreement to which any of the Companies is bound) shall be disclosed to the other party hereunder in advance of any filing, submission or attendance, it
                        being the intent that the parties will consult and cooperate with one another, and consider in good faith the views of one another, in connection with any such analyses, appearances, meetings, discussions, presentations, memoranda,
                        briefs, filings, arguments, and proposals.  Each party shall give notice to the other party with respect to any meeting, discussion, appearance or contact with any Governmental Authority or the staff or regulators of any
                        Governmental Authority, with such notice being sufficient to provide the other party with the opportunity to attend and participate in such meeting, discussion, appearance or contact.

                  

          

           

            

          
            27

            
              

          

          Section 5.09 Books and Records.

          
            	
                    (a)

                  	
                    In order to facilitate the resolution of any claims made against or incurred by
                        Seller prior to the Closing, or for any other reasonable purpose, for a period of three (3) years after the Closing, Buyer shall:

                  

          

          
            	
                    (i)

                  	
                    retain the books and records (including personnel files) of the Companies relating to
                        periods prior to the Closing in a manner reasonably consistent with the prior practices of the Companies; and

                  

          

          
            	
                    (ii)

                  	
                    upon reasonable notice, afford the representatives of Seller reasonable access
                        (including the right to make, at Seller's expense, photocopies), during normal business hours, to such books and records;

                  

          

          provided, however,
              that any books and records related to Tax matters shall be retained pursuant to the periods set forth in Article VI.

          
            	
                    (b)

                  	
                    In order to facilitate the resolution of any claims made by or against or incurred by
                        Buyer or a Company after the Closing, or for any other reasonable purpose, for a period of three (3) years following the Closing, Seller shall:

                  

          

          
            	
                    (i)

                  	
                    retain the books and records (including personnel files) of Seller which relate to
                        the Companies and their operations for periods prior to the Closing; and

                  

          

          
            	
                    (ii)

                  	
                    upon reasonable notice, afford the representatives of Buyer or a Company reasonable
                        access (including the right to make, at Buyer's expense, photocopies), during normal business hours, to such books and records;

                  

          

          provided, however,
              that any books and records related to Tax matters shall be retained pursuant to the periods set forth in Article VI.

          
            	
                    (c)

                  	
                    Neither Buyer nor Seller shall be obligated to provide the other party with access
                        to any books or records (including personnel files) pursuant to this Section 5.09 where such access would violate any Law.

                  

          

          Section 5.10 Closing Conditions.  From the date hereof
              until the Closing, each party hereto shall, and Seller shall cause each Company to, use commercially reasonable efforts to take such actions as are necessary to expeditiously satisfy the closing conditions set forth in Article VII hereof.

          Section 5.11 Public Announcements.  Unless otherwise
              required by applicable Law or stock exchange requirements (based upon the reasonable advice of counsel), no party to this Agreement shall make any public announcements in respect of this Agreement or the Contemplated Transactions or otherwise
              communicate with any news media without the prior written consent of the other party (which consent shall not be unreasonably withheld or delayed), and the parties shall cooperate as to the timing and contents of any such announcement.

          Section 5.12 Employees; Benefit Plans.  At Closing,
              Buyer shall have established benefit plans providing employee benefits substantially similar to those provided by the existing Benefit Plans to be maintained for the benefit of employees of the Companies.

          
            28

            
              

          

          Section 5.13 Seller Due Diligence.  Prior to Closing,
              Seller shall perform due diligence on Buyer’s and Guarantor’s financial position and Buyer’s and Guarantor’s ability to make payments under the Note as they come due. Buyer shall assist Seller in Seller’s performance of such due diligence and
              shall allow Seller to inspect Buyer’s books and records which relate to Buyer’s and Guarantor’s financial position.

          Section 5.14 Further Assurances.  Each of the parties
              hereto shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be reasonably required to carry out the provisions
              hereof and give effect to the Contemplated Transactions.

          ARTICLE VI 

              

              

              TAX MATTERS

          Section 6.01 Tax Covenants.

          
            	
                    (a)

                  	
                    Without the prior written consent of Buyer (which shall not be unreasonably
                        withheld), Seller (and, prior to the Closing, the Companies, their Affiliates and their respective representatives) shall not, to the extent it may affect, or relate to, the Companies, make, change or rescind any Tax election, amend
                        any Tax Return or take any position on any Tax Return, take any action, omit to take any action or enter into any other transaction that would have the effect of increasing the Tax liability or reducing any Tax asset of Buyer or a
                        Company in respect of any Post-Closing Tax Period.

                  

          

          
            	
                    (b)

                  	
                    All transfer, documentary, sales, use, stamp, registration, value added and other
                        such Taxes and fees (including any penalties and interest) incurred in connection with this Agreement and the other Transaction Documents (including any Real Property transfer Tax and any other similar Tax) shall be borne equally by
                        Buyer and Seller, and paid by Seller when due.  Seller shall, at its own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Buyer shall cooperate with respect thereto as necessary).

                  

          

          
            	
                    (c)

                  	
                    Seller shall prepare, or cause to be prepared, all Tax Returns required to be filed
                        by a Company after the Closing Date with respect to a Pre-Closing Tax Period.  Any such Tax Return shall be prepared in a manner consistent with past practice (unless otherwise required by Law) and without a change of any election
                        or any accounting method and shall be submitted by Seller to Buyer (together with schedules, statements and, to the extent requested by the Seller, supporting documentation) at least forty-five (45) days prior to the due date
                        (including extensions) of such Tax Return.  If Buyer objects to any item on any such Tax Return, it shall, within ten (10) days after delivery of such Tax Return, notify Seller in writing that it so objects, specifying with
                        particularity any such item and stating the specific factual or legal basis for any such objection.  If a notice of objection shall be duly delivered, Buyer and Seller shall negotiate in good faith and use their reasonable best
                        efforts to resolve such items.  If Buyer and Seller are unable to reach such agreement within ten (10) days after receipt by Seller of such notice, the disputed items shall be resolved by the Accountants and any determination by the
                        Accountants shall be final.  The Accountants shall resolve any disputed 

                      

                  

          

        

        
          29

          
            

        

        

          
            
              	
                           

                      

                    	
                      items within thirty (30) days of having the item referred to it pursuant to such
                          procedures as it may require.  If the Accountants are unable to resolve any disputed items before the due date for such Tax Return, the Tax Return shall be filed as prepared by Seller and then amended to reflect the Accountant’s
                          resolution.  The costs, fees and expenses of the Accountant’s shall be borne equally by Buyer and Seller.  The preparation and filing of any Tax Return of the Company that does not relate to a Pre-Closing Tax Period shall be
                          exclusively within the control of Buyer.

                    

            

            
              	
                      (d)

                    	
                      Each Tulsat and Tulsat-Atlanta (collectively, the “SMLLC’s”) has been treated
                          since formation, and will continue to be treated through the Closing, as a wholly-owned single member  limited liability company “disregarded entity” for income tax purposes pursuant to Treasury Regulation Section
                          301.7701-3(b)(1)(ii).  No other election is pending to change the income Tax treatment of either SMLLC, and no Governmental Authority has challenged either SMLLC’s status as a disregarded entity.  Prior to Closing, Seller shall
                          not, or permit either SMLLC to, take or allow any action that would result in the change of their status as a “disregarded entity” within the meaning of Code Section 301.7701-3.

                    

            

            
              	
                      (e)

                    	
                      Seller shall be responsible for and reimburse Buyer with fifteen (15) days with
                          respect to (i) any and all Taxes imposed on any of the Companies or for which any such Company may otherwise be liable for any date prior to and including the Closing Date, by a closing of the books as of the Closing Date,
                          including that may flow from consummation of the Contemplated Transactions including, without limitation, recognized deferred intercompany gains under Treasury Regulations Section 1.1502-13, recognized excess loss accounts under
                          Treasury Regulations Section 1.1502-19 and (ii) any and all Taxes assessed, by audit or otherwise, for any period prior to the Closing Date.  Tax attributes shall be allocated between the Companies and Seller and its Affiliates to
                          the particular entity that originated such item.  The parties shall cooperate in good faith connection with any carryback claims made after the Closing Date.

                    

            

            
              	
                      (f)

                    	
                      Seller and its Affiliates, other than the Companies, shall jointly and severally
                          indemnify the Buyer and the Companies and hold them harmless from and against, any Losses attributable to (i) any and all Taxes imposed on any of the Companies or for which any such Company may otherwise be liable for any date
                          prior to and including the Closing Date; (ii) all Taxes of any member of an affiliated, consolidated, combined or unitary group of which any Company (or any predecessor) is or was a member on or prior to the Closing Date,
                          including pursuant to Treasury Regulation Section 1.1502-6 or any analogous or similar state, local or non-U.S. law or regulation; (iii) any and all Taxes of any person (other than the Companies) imposed on the Companies as a
                          transferee or successor, by contract or pursuant to any law, rule, or regulation, which Taxes relate to an event or transaction occurring before the Closing; and (iv) any Taxes resulting from a breach of representations and
                          warranties set forth in Section 3.08.

                    

            

          

           

            

          Section 6.02 Termination of Existing Tax Sharing Agreements. 
              Any and all existing Tax sharing agreements (whether written or not) binding upon a Company shall be terminated as of the Closing Date.  After such date neither the Companies, Seller nor any of Seller’s Affiliates and their respective
              representatives shall have any further rights or liabilities thereunder.

          
            30

            
              

          

          Section 6.03 Straddle Period.  In the case of Taxes that
              are payable with respect to a taxable period that begins before and ends after the Closing Date (each such period, a “Straddle

                Period”), the portion of any such Taxes that are treated as Pre-Closing Taxes for purposes of this Agreement shall be:

          
            	
                    (a)

                  	
                    in the case of Taxes based upon, or related to, income or receipts, deemed equal to
                        the amount which would be payable if the taxable year ended with the Closing Date; and

                  

          

          
            	
                    (b)

                  	
                    in the case of other Taxes, deemed to be the amount of such Taxes for the entire
                        period multiplied by a fraction the numerator of which is the number of days in the period ending on the Closing Date and the denominator of which is the number of days in the entire period.

                  

          

          Section 6.04 Responsibility for Tax Audits and Contests. 
              The Seller shall control any audit or contest with respect to income Taxes for
                a pre-Closing Date tax period or, with respect to all other Taxes, for
                a period ending on or before the Closing Date and the Buyer shall control any other audit or contest; provided, however, that the party with the greater potential Tax liability shall control any audit or contest with respect to a
              year during which a Straddle Period occurs; provided further, that the party so in control of an audit or contest with respect to a Straddle Period shall allow the other party to participate at such other party’s cost and expense.  The party
              in control of an audit or controversy shall keep the other party informed of the status of the audit or controversy (including providing copies of correspondence and pleadings).  Neither party shall settle any audit or contest in a way that
              would adversely affect the other party without the other party’s written consent, which the other party shall not unreasonably withhold.  The parties shall each provide the other with all information reasonably necessary to conduct an audit
              or contest with respect to Taxes.

          Section 6.05 Treatment of Indemnification Payments.  Any
              payments made for indemnification pursuant to this Article VI shall be treated as an adjustment to the Purchase Price by the parties for Tax purposes,
              unless otherwise required by Law.

          Section 6.06 Survival.  Notwithstanding anything in this Agreement to the contrary, the representations and warranties set forth in Section 3.08 and the provisions of this Article VI shall survive for the applicable statutes of limitations, giving effect to any waiver, plus sixty (60) days.

          Section 6.07 Conflict.  In the event of a conflict or
              overlap between the provisions of this Article VI and any
              other provision of this Agreement, this Article VI shall control.

          Section 6.08 Cooperation and Exchange of Information. 
              Seller and Buyer shall provide each other with such cooperation and information as either of them reasonably may request of the other in filing any Tax Return pursuant to this Article VI or in connection with any audit or other proceeding in respect of Taxes of a Company.  Such cooperation and information shall include providing copies of relevant Tax Returns or portions thereof,
              together with accompanying schedules, related work papers and documents relating to rulings or other determinations by tax authorities.  Seller and Buyer shall retain all Tax Returns, schedules and work papers, records and other documents in
              their possession relating to Tax matters of the Companies for any taxable period beginning before the Closing Date until the expiration of the statute of limitations of the taxable periods to which such Tax Returns and other documents relate,
              without regard to extensions except to the extent notified by the other party in writing of such extensions for the respective Tax periods.  Prior to transferring, destroying or discarding any Tax Returns, schedules and work papers, records
              and other documents in its possession relating to Tax matters of the 

          
            31

            
              

          

          Companies for any taxable period beginning before the Closing Date, Seller or Buyer (as the case may be) shall
              provide the other party with reasonable written notice and offer the other party the opportunity to take custody of such materials.

          Section 6.09 Section 338(h)(10) Election.

          (a) Election.  The Companies and Seller shall join with Buyer in making a timely
              election under Section 338(h)(10) of the Code (and any corresponding election under state, local, and foreign Law) with respect to the purchase and sale of the Shares of the Companies hereunder (collectively, a “Section 338(h)(10) Election”)

          (b) Allocation of Purchase Price.  Seller and Buyer agree that the Purchase Price
              shall be allocated among the assets of the Company for all purposes (including Tax and financial accounting) as shown on the allocation schedule (the “Allocation Schedule.”)  The final Allocation Schedule shall be prepared by Seller and delivered to the Buyer within sixty (60) days following the Closing Date for its approval.  If the Buyer does not
              notify the Seller in writing of an objection to the Allocation Schedule within thirty (30) days of its delivery to the Buyer, then the Allocation Schedule as prepared by the Seller shall be deemed approved by Buyer. If the Buyer notifies
              Seller in writing within thirty (30) days of the delivery to the Buyer of the Allocation Schedule that the Buyer objects to one or more items reflected in the Allocation Schedule as being unreasonable and states the reason for such objection,
              the Seller and Buyer shall negotiate in good faith to resolve such dispute; provided, however, that if the Seller and Buyer are unable to resolve any dispute with respect to the Allocation Schedule within thirty (30) days of the delivery to
              Seller of the written objections of the Buyer, such dispute shall be resolved by the Accountants.  The fees and expenses of the Accountants shall be borne equally by Seller and Buyer.  Buyer, the Companies and Sellers shall file all Tax
              Returns (including amended returns and claims for refund) and information reports in a manner consistent with the Allocation Schedule.  Any adjustments to the Purchase Price shall be allocated in a manner consistent with the Allocation
              Schedule.

          ARTICLE VII 

              

              

              CONDITIONS TO CLOSING

          Section 7.01 Conditions to Obligations of All Parties. 
              The obligations of each party to consummate the Contemplated Transactions shall be subject to the fulfillment, at or prior to the Closing, of each of the following conditions:

          

            	
                    (a)

                  	
                    No Governmental Authority shall have enacted, issued, promulgated, enforced or
                        entered any Governmental Order which is in effect and has the effect of making the Contemplated Transactions illegal, otherwise restraining or prohibiting consummation of 

                      

                  

          

          
            32

            
              

          

          
            	
                          

                      

                  	
                    such transactions or causing any of the Contemplated Transactions to be rescinded
                        following completion thereof;

                  

          

          
            	
                    (b)

                  	
                    The parties shall have received all consents, authorizations, orders and approvals,
                        if any, from the Governmental Authorities referred to in Section 3.05 or in Section 4.03, in each case, in form and substance reasonably satisfactory to Buyer and Seller, and no such consent, authorization, order and approval shall have been revoked; and

                  

          

          
            	
                    (c)

                  	
                    Shareholder Approval shall have been obtained.

                  

          

          The condition in Section

                  7.01(c) above may not be waived or amended by Buyer or Seller.

          Section 7.02 Conditions to Obligations of Buyer.  The
              obligations of Buyer to consummate the Contemplated Transactions shall be subject to the fulfillment or Buyer's waiver, at or prior to the Closing, of each of the following conditions:

          
            	
                    (a)

                  	
                    The representations and warranties of Seller shall be true and correct on and as of
                        the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except those representations and warranties that address matters only as of a specified date, the accuracy of which shall
                        be determined as of that specified date in all respects).

                  

          

          
            	
                    (b)

                  	
                    Seller shall have duly performed and complied in all material respects with all
                        agreements, covenants and conditions required by this Agreement and each of the other Transaction Documents to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect to agreements, covenants and conditions that are qualified by materiality, Seller shall have performed such agreements, covenants and conditions, as
                        so qualified, in all respects.

                  

          

          
            	
                    (c)

                  	
                    No Action shall have been commenced or threatened against Buyer, Seller or any of
                        the Companies, which would prevent the Closing.  No injunction or restraining order shall have been issued by any Governmental Authority, and be in effect, which restrains or prohibits any of the Contemplated Transactions.

                  

          

          
            	
                    (d)

                  	
                    Buyer shall have obtained a binding and irrevocable commitment for financing the
                        full amount of the Down Payment, which commitment shall not include or impose any terms or conditions which are unacceptable to Buyer.

                  

          

          
            	
                    (e)

                  	
                    No material adverse change in the Companies, their properties and assets, or
                        prospects shall have occurred since the Effective Date.

                  

          

          
            	
                    (f)

                  	
                    Seller shall have provided Buyer with Certificates of Good Standing for each of the
                        Companies, certified by the Secretary of State (or other appropriate government official) of the state in which such Company has been duly formed or organized, issued not more than ten (10) days prior to the Closing Date.

                  

          

          

          
            33

            
              

          

          

            
              	
                      (g)

                    	
                      All mortgages, security interests, liens and other Encumbrances upon or against
                          the properties and assets of the Companies and against the Shares, other than such mortgages, security interests, liens and Encumbrances as shall have been created by Buyer, shall have been released, and all material required
                          approvals, consents and waivers to the Contemplated Transactions shall have been received.

                    

            

            
              	
                      (h)

                    	
                      Seller shall have made the Closing deliveries described in Section 2.03(b) and shall have delivered to Buyer the officer and director resignations contemplated and required by Section 5.06.

                    

            

            
              	
                      (i)

                    	
                      Buyer shall have received a certificate, dated the Closing Date and signed by
                          Seller’s President or other duly authorized officer of Seller, stating that each of the conditions set forth in Section 7.02(a) and Section 7.02(b) have been satisfied.

                    

            

            
              	
                      (j)

                    	
                      Buyer shall have received a certificate of the Secretary or an Assistant Secretary
                          (or equivalent officer) of Seller certifying that (i) attached thereto are true and complete copies of all resolutions adopted by Seller’s Board of Directors, Shareholders, and Minority Shareholders authorizing Seller’s execution
                          and delivery of this Agreement by Seller’s President or other duly authorized officer, Seller’s performance of this Agreement and the other Transaction Documents, and the consummation of the Contemplated Transactions; and (ii)
                          that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the Contemplated Transactions.

                    

            

            
              	
                      (k)

                    	
                      Seller shall have delivered to Buyer a certificate pursuant to Treasury
                          Regulations Section 1.1445-2(b) that Seller is not a foreign person within the meaning of Section 1445 of the Code.

                    

            

            
              	
                      (l)

                    	
                      Seller shall have delivered to Buyer such other documents or instruments as Buyer
                          reasonably requests and are reasonably necessary to consummate the Contemplated Transactions.

                    

            

          

          

          
          Section 7.03 Conditions to Obligations of Seller.  The
              obligations of Seller to consummate the Contemplated Transactions shall be subject to the fulfillment or waiver by Seller, at or prior to the Closing, of each of the following conditions:

          

            
              	
                      (a)

                    	
                      The representations and warranties of Buyer shall be true and correct on and as of
                          the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date.

                    

            

            
              	
                      (b)

                    	
                      Buyer shall have duly performed and complied in all material respects with all
                          agreements, covenants and conditions required by this Agreement and each of the other Transaction Documents to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect to agreements, covenants and conditions
                          that are qualified by materiality, Buyer shall have performed such agreements, covenants and conditions, as so qualified, in all respects.

                    

            

            
              	
                      (c)

                    	
                      No Action shall have been commenced against Buyer, Seller or a Company, which
                          would prevent the Closing.  No injunction or restraining order shall have 

                        

                    

            

          

          
            34

            
              

          

          

          
            	
                          

                      

                  	
                    been issued by any Governmental Authority, and be in effect, which restrains or
                        prohibits any material transaction contemplated hereby.

                  

          

          
            	
                    (d)

                  	
                    Seller shall be satisfied that Buyer’s and Guarantor’s financial position is
                        adequate to support Buyer’s obligations under this Agreement, including without limitation under the Promissory Note.

                  

          

          
            	
                    (e)

                  	
                    Buyer shall have made the Closing deliveries described in Section 2.03(a).

                  

          

          
            	
                    (f)

                  	
                    Seller shall have received a certificate, dated the Closing Date and signed by
                        Buyer’s President or other duly authorized officer of Buyer, stating that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied.

                  

          

          
            	
                    (g)

                  	
                    Seller shall have received a certificate of Buyer’s Secretary certifying that
                        attached thereto are true and complete copies of all resolutions adopted by Buyer’s sole Director or Board of Directors authorizing Buyer’s execution, delivery and performance of this Agreement and the other Transaction Documents
                        and the consummation of the Contemplated Transactions, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the Contemplated Transactions.

                  

          

          
            	
                    (h)

                  	
                    Buyer shall have delivered to Seller such other documents or instruments as Seller
                        reasonably requests and are reasonably necessary to consummate the Contemplated Transactions.

                  

          

          
            	
                    (i)

                  	
                    Seller shall have received a written “fairness opinion” regarding the fairness of
                        the Purchase Price to the shareholders of Seller on terms reasonably satisfactory to Seller.

                  

          

          ARTICLE VIII 

              

              

              INDEMNIFICATION

          Section 8.01 Survival.  Subject to the limitations and
              other provisions of this Agreement, the representations and warranties contained herein shall survive the Closing and shall remain in full force and effect until the date that is three (3) years from the Closing Date; provided that those representations, warranties and made by Seller (a) with respect to Tax
                  Matters, Pension and Welfare Plans (Sections 3.12 and 3.15) and (b) in Article VI, Tax Matters, shall survive the Closing for such periods of time that the government agencies having jurisdiction over the
                subject matter of those representations, warranties and covenants may be empowered to assess a liability or deficiency with respect to any of the matters covered thereby.  All covenants and agreements of the parties contained herein
              (other than any covenants or agreements contained in Article VI, which covenants and agreements are subject to Article VI) shall survive the Closing indefinitely or for the period explicitly specified therein.  Notwithstanding the foregoing, any claims asserted in good faith with
              reasonable specificity (to the extent known at such time) and in writing by notice from the non-breaching party to the breaching party prior to the expiration date of the applicable survival period shall not thereafter

          
            35

            
              

          

           be barred by the expiration of the relevant representation or warranty and such claims shall survive until finally
              resolved.

          Section 8.02 Indemnification by Seller.  Subject to the
              other terms and conditions of this Article VIII, Seller shall indemnify, hold harmless, and defend each of Buyer and its Affiliates (including the
              Companies) and their respective representatives (collectively, the “Buyer Indemnitees”) against, and shall hold each
              of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Buyer Indemnitees in any way based upon or arising out of, with respect to or by reason of:

          
            	
                    (a)

                  	
                    any inaccuracy in or breach of any of the representations or warranties of Seller
                        contained in this Agreement or in any certificate or instrument delivered by or on behalf of Seller pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation or warranty was
                        made on and as of the Closing Date (except for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date); or

                  

          

          
            	
                    (b)

                  	
                    any breach or non-fulfillment of any covenant, agreement or obligation to be
                        performed by Seller pursuant to this Agreement (other than any breach or violation of, or failure to fully perform, any covenant, agreement, undertaking or obligation in Article VI, it being understood that the sole remedy for any such breach, violation or failure shall be pursuant to Article

                            VI); or

                  

          

          (c) the ownership, management or operation of the Companies and their respective businesses during all periods prior to,
              and including, the Closing Date except (i) to the extent directly related to the day-to-day operation of the Restricted Business by any of the Companies under the direction of the Guarantor, including without limitation for warranty claims
              arising in the ordinary course of the Companies’ respective businesses; (ii) to the extent the Loss is a liability or obligation provided for in the books and records of the Company or is a Current Liability; or (iii) to the extent the Loss
              is Known by the Buyer at or before the time of Closing.

          Section 8.03 Indemnification by Buyer.  Subject to the
              other terms and conditions of this Article VIII, Buyer shall indemnify, hold harmless, and defend Seller and its Affiliates and their respective
              representatives (collectively, the “Seller Indemnitees”) against, and shall hold each of them harmless from and
              against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Seller Indemnitees in any way based upon or arising out of, with respect to or by reason of:

          

            	
                    (a)

                  	
                    any inaccuracy in or breach of any of the representations or warranties of Buyer
                        contained in this Agreement or in any certificate or instrument delivered by or on behalf of Buyer pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation or warranty was made
                        on and as of the Closing Date (except for representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date);

                  

          

          
            36

            
              

          

          

          
            	
                    (b)

                  	
                    any breach or non-fulfillment of any covenant, agreement or obligation to be
                        performed by Buyer pursuant to this Agreement (other than Article VI, it being understood that the sole remedy for any such breach thereof
                        shall be pursuant to Article VI); or

                  

          

          
            	
                    (c)

                  	
                    the ownership, management or operation of the Companies and their respective
                        businesses during all periods subsequent to the Closing Date, including without limitation liabilities and obligations to employees and former employees of the Companies arising under the Benefit Plans for benefits payable after the
                        Closing Date, whether arising under COBRA or otherwise.

                  

          

          Section 8.04 Indemnification Procedures.

          
            	
                    (a)

                  	
                    A party making a claim for indemnification shall give the other party (“Putative Indemnitor”) written notice thereof describing the claim and the nature and amount of the alleged Loss,
                        to the extent that the nature and amount thereof are then determinable (a “Claim Notice”) promptly after the
                        party seeking indemnification (“Putative Indemnitee”) receives any written notice of any action, lawsuit,
                        proceeding, investigation or other claim (a “Proceeding”) by a third-party against or involving the Putative
                        Indemnitee or otherwise discovers the liability, obligation or facts giving rise to such claim for indemnification; provided, however, that the failure to notify or delay in notifying the Putative Indemnitor shall not relieve the
                        latter of its indemnification obligations, if any, hereunder, except to the extent that the defeat of such claim is materially prejudiced as a result of such failure.

                  

          

          
            	
                    (b)

                  	
                    With respect to the defense of any Proceeding against or involving a Putative
                        Indemnitee in which the claimant seeks only the recovery of a sum of money for which indemnification is provided, at its option the party undertaking indemnification (“Indemnitor”) may select and appoint legal counsel to undertake such defense provided, within thirty (30) days following the receipt of notice of Proceeding the
                        Indemnitor notifies the Party being indemnified (the “Indemnitee”) in writing that the former will assume the
                        defense of such claim.

                  

          

          
            	
                    (c)

                  	
                    The Indemnitee shall be entitled to participate in the defense of the claim and to
                        employ separate counsel of its choice for such purpose, at its own expense; provided, however, that notwithstanding the foregoing, the Indemnitor shall bear the fees and expenses of such separate counsel incurred prior to the date
                        upon which the Indemnitor effectively assumes control of such defense.  If the Indemnitor fails to timely notify the Indemnitee that the Indemnitor elects to defend the Indemnitee pursuant to the preceding paragraph, or if the
                        Indemnitor elects to defend the Indemnitee but fails to prosecute or settle the claim in a reasonable manner or if the Indemnitee reasonably objects to such election on the grounds that counsel for such Indemnitor cannot represent
                        both the Indemnitee and the Indemnitor because such representation would be reasonably likely to result in a conflict of interest, then, the Indemnitee shall have the right to defend, at the sole cost and expense of the Indemnitor,
                        the claim by all appropriate proceedings, which proceedings shall be promptly and reasonably prosecuted by the Indemnitee to a final conclusion, or settled.  In such a situation, the Indemnitee shall have full control of such
                        defense and proceedings and the Indemnitor may participate in, but not control, any defense or settlement controlled by the Indemnitee pursuant 

                      

                  

          

        

        
          37

          
            

        

        

          

            
              	
                             

                        

                    	
                      to paragraph, and the Indemnitor shall bear its own costs and expenses with
                          respect to such participation.

                    

            

            
              	
                      (d)

                    	
                      The Indemnitor must obtain the prior written consent of the Indemnitee (which
                          shall not be unreasonably withheld, conditioned or delayed) prior to entering into any settlement of any claim or Proceeding or ceasing to defend any claim or Proceeding unless the proposed settlement involves only the payment of
                          money damages and does not impose an injunctive or other equitable relief on the Indemnitee.

                    

            

            
              	
                      (e)

                    	
                      Any payment pursuant to a claim for which indemnification is due pursuant to this
                          Agreement shall be made not later than thirty (30) days after receipt by a duly submitted Claim Notice, unless the claim is subject to defense as hereinabove contemplated, in which case payment shall be made not later than thirty
                          (30) days after liability for and the amount of the claim is finally determined.

                    

            

          

          Section 8.05 Exclusive Remedies.

          (a) Subject to Section 5.07 and Section 10.11 and except as provided therein, each of the parties acknowledges and agrees that its sole and exclusive remedy with respect to any and all
              claims (other than claims arising from fraud or criminal activity on the part of the other party in connection with the Contemplated Transactions) for matters described in Sections 8.02 or 8.03 or otherwise relating to the subject matter of this Agreement, shall be pursuant to the indemnification
              provisions set forth in Article VI and this Article VIII.

          (b) In furtherance of the foregoing paragraph, 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 Article
                  VI and this Article VIII.

          (c) Notwithstanding anything to the contrary contained elsewhere in this Agreement, if Seller is required to make a payment to Buyer
              pursuant to, or to satisfy, a claim or other Loss for which indemnification is due Buyer hereunder, Buyer shall have the right, in lieu of demanding or seeking to collect such payment, to set off the amount thereof against payments due
              pursuant to the Promissory Note as the same shall become due.

          (d) Nothing in this Section 8.05 shall limit
              any Person's right to seek and obtain any equitable relief to which any Person shall be entitled or to seek any remedy on account of any party's fraudulent or criminal misconduct.

          
            38

            
              

          

          ARTICLE IX 

              

              

              TERMINATION

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

          
            	
                    (a)

                  	
                    by the mutual written consent of Seller and Buyer;

                  

          

          
            	
                    (b)

                  	
                    by Buyer by written notice to the Seller if:

                  

          

          (i) Buyer is not then in material breach of any provision of this Agreement and there has been a breach, inaccuracy in or failure to perform any representation, warranty,
              covenant or agreement made by Seller pursuant to this Agreement that would give rise to the failure of any of the conditions specified in Article VII
              and such breach, inaccuracy or failure has not been cured by Seller within ten (10) days of the Seller’s receipt of written notice of such breach from Buyer;

          (ii) any of the conditions set forth in Section 7.01 or Section 7.02 shall not have been, or if it becomes apparent that any of such conditions will not be, fulfilled by June 30, 2019, unless such failure shall be due to the
              failure of Buyer to perform or comply with any of the covenants, agreements or conditions hereof to be performed or complied with by it prior to the Closing; or

          (iii) any Action shall have been commenced against Buyer, Seller or a Company, challenging the Contemplated Transactions.

          
            	
                    (c)

                  	
                    by the Seller by written notice to Buyer if:

                  

          

          (i) Seller is not then in material breach of any provision of this Agreement and there has been a breach, inaccuracy in or failure to
              perform any representation, warranty, covenant or agreement made by Buyer pursuant to this Agreement that would give rise to the failure of any of the conditions specified in Article VII and such breach, inaccuracy or failure has not been cured by Buyer within ten (10) days of Buyer's receipt of written notice of such breach from Seller;

          (ii) any of the conditions set forth in Section 7.01
              or Section 7.03 shall not have been, or if it becomes apparent that any of such conditions will not be, fulfilled by June 30, 2019, unless such
              failure shall be due to the failure of Seller to perform or comply with any of the covenants, agreements or conditions hereof to be performed or complied with by them prior to the Closing;

          (iii) any Action shall have been commenced against Buyer, Seller or a Company, challenging the Contemplated Transactions;

          (iv) after Seller’s performance of due diligence under Section

                  5.13, Seller is not satisfied that Buyer’s or Guarantor’s financial position is adequate to support Buyer’s obligations under this Agreement, including without limitation under the Promissory Note;

          
            39

            
              

          

          (v) at any time prior to Shareholder Approval (and subject to Section
                  9.02), in order to enter into a definitive agreement with a third party providing for a Superior Proposal, if in connection with such Superior Proposal, it has complied in all respects (other than immaterial non-compliance)
              with all the requirements of Section 5.04; or

          (d) by Buyer or Seller in the event that (i) there shall be any Law that makes consummation of the Contemplated Transactions illegal or otherwise prohibited, (ii) any
              Governmental Authority shall have issued a Governmental Order restraining or enjoining the Contemplated Transactions, and such Governmental Order shall have become final and non-appealable, or (iii) Buyer and Seller are unable to agree to the
              form of the Transition Services Agreement and of the Collateral Agreements within forty-five (45) days of the Effective Date.

          Section 9.02 Effect of Termination.  In the event of the
              termination of this Agreement in accordance with this Article, this Agreement shall forthwith become void and there shall be no liability on the part of any party hereto except that nothing herein shall relieve any party hereto from liability
              for any pre-termination breach of any provision hereof.

          ARTICLE X 

              

              

              MISCELLANEOUS

          Section 10.01 Expenses.  Except as otherwise expressly
              provided herein, all costs and expenses, including, without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the Contemplated Transactions shall be paid by the
              party incurring such costs and expenses, whether or not the Closing shall have occurred.

          Section 10.02 Notices.  All notices, requests, consents,
              claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a
              nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail 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 (3rd) 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
                  10.02):

          	
                  If to Seller:

                	
                  ADDvantage Technologies Group, Inc.

                  1221 E. Houston

                  Broken Arrow, OK 74012

                
	 	
                  Facsimile:

                	
                  918-251-0792

                
	 	
                  E-mail:

                	
                  sfrancis@addvantagetech.com

                
	
                  with a copy to:

                	
                  HALL ESTILL

                  320 South Boston Avenue

                

          
            40

            
              

          

          

            	 

                  	

                    Suite 200

                    Tulsa, OK 74103-3706

                  
	 	
                    Facsimile:

                  	
                    918-594-0505

                  
	 	
                    E-mail:

                  	
                    dgustafson@hallestill.com

                  
	 	
                    Attention:

                  	
                    Del Gustafson, Esq.

                  
	
                    If to Buyer:

                  	
                    Leveling 8 Inc

                    21553 E. Apache Street

                    Catoosa, Oklahoma 74015

                     

                  
	 	
                    E-mail:

                  	
                    dave@tulsat.com

                  
	
                    with a copy to:

                  	
                    BARBER & BARTZ

                    525 S. Main Street, Suite 800

                    Tulsa, OK 74103

                  
	 	
                    Facsimile:

                  	
                    981-599-7756

                  
	 	
                    E-mail:

                  	
                    rbearer@barberbartz.com

                  
	 	
                    Attention:

                  	
                    Robert L. Bearer, Esq.

                  

             

              

          

          Section 10.03 Interpretation.  For purposes of this
              Agreement, (a) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder”
              refer to this Agreement as a whole.  Unless the context otherwise requires, references herein: (x) to Articles, Sections and Exhibits mean the Articles and Sections of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument
              or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from time to
              time and includes any successor legislation thereto and any regulations promulgated thereunder.  This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting
              an instrument or causing any instrument to be drafted.  The Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.

          Section 10.04 Headings.  The headings in this Agreement
              are for reference only and shall not affect the interpretation of this Agreement.

          Section 10.05 Severability.  If any term or provision of
              this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or
              provision in any other jurisdiction.  Except as provided in Section 5.07(e), upon such determination that any term or other provision is invalid,
              illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of 

          
            41

            
              

          

          the parties as closely as possible in a mutually acceptable manner in order that the Contemplated Transactions be
              consummated as originally contemplated to the greatest extent possible.

          Section 10.06 Entire Agreement.  This Agreement and the
              other Transaction Documents constitute the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements,
              both written and oral, with respect to such subject matter.  In the event of any inconsistency between the statements in the body of this Agreement and those in the other Transaction Documents and the Exhibits, the statements in the body of
              this Agreement will control.

          Section 10.07 Successors and Assigns.  This Agreement
              shall be binding upon and shall inure to the benefit of the parties hereto 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 withheld or delayed.

          Section 10.08 No Third-Party Beneficiaries.  Except as
              provided in Section 6.03 and Article VIII, this Agreement
              is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable right, benefit
              or remedy of any nature whatsoever under or by reason of this Agreement.

          Section 10.09 Amendment and Modification; Waiver.  Except
              for Section 7.01(c), which the parties may not amend or modify, this Agreement may only be amended, modified or supplemented by an agreement in
              writing signed by each party hereto.  No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party so waiving.  No waiver by any party shall operate or be construed
              as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver.  No failure to exercise, or delay in
              exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
              further exercise thereof or the exercise of any other right, remedy, power or privilege.

          Section 10.10 Governing Law; Submission to Jurisdiction; Waiver of
                  Jury Trial.

          

            	
                    (a)

                  	
                    This Agreement shall be governed by and construed in accordance with the internal
                        laws of the State of Oklahoma without giving effect to any choice or conflict of law provision or rule (whether of the State of Oklahoma or any other jurisdiction).

                  

          

          

            	
                    (b)

                  	
                    ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE CONTEMPLATED TRANSACTIONS MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF
                        AMERICA OR THE COURTS OF THE STATE OF OKLAHOMA IN EACH CASE LOCATED IN THE CITY AND COUNTY OF TULSA, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING.  SERVICE OF
                        

                      

                  

          

          

        
          42

          
            

        

         

          
            	
                    (b)

                  	
                    PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY'S ADDRESS SET FORTH
                        HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT IN ANY SUCH COURT.  THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY
                        PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

                  

          

          
            	
                    (c)

                  	
                    EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS
                        AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
                        LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER TRANSACTION DOCUMENTS OR THE CONTEMPLATED TRANSACTIONS. 
                        EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A
                        LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
                        AND CERTIFICATIONS IN THIS SECTION 10.10(c).

                  

          

          Section 10.11 Equitable Remedies.  Each party hereto
              acknowledges that a breach or threatened breach by such party of any of its obligations under this Agreement (including without limitation Sections 5.01,
              5.04, and 5.07) would give rise to irreparable harm to the
              other party for which monetary damages would not be an adequate remedy and hereby agrees that in the event of a breach or a threatened breach by such party of any such obligations, the non-breaching party 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).

          Section 10.12 Attorneys’ Fees.  In the event that any
              party institutes any legal suit, action or proceeding against the other party to enforce the covenants contained in this Agreement (or obtain any other remedy in respect of any breach of this Agreement), the prevailing party in the suit,
              action or proceeding shall be entitled to receive in addition to all other damages to which it may be entitled, the costs incurred by such party in conducting the suit, action or proceeding, including reasonable attorneys' fees and expenses
              and court costs.

          Section 10.13 Cumulative Remedies.  The rights and
              remedies under this Agreement are cumulative and are in addition to and not in substitution for any other rights and remedies available at law or in equity or otherwise.

          
            43

            
              

          

          Section 10.14 Time of the Essence.  Time shall be of the
              essence in this Agreement.

          Section 10.15 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 facsimile, e-mail or other means of electronic
              transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

          [SIGNATURE PAGE FOLLOWS]

          
            44

            
              

          

          

          

          IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date
              first written above by their respective officers thereunto duly authorized.

          	 	
                  “BUYER”

                   

                  LEVELING 8 INC

                   

                
	 	
                  By: /s/David E. Chymiak

                  Name:  David E. Chymiak

                  Title:  President

                

          

          

          

          

          	 	
                  “SELLER”

                   

                
	 	
                  ADDVANTAGE TECHNOLOGIES GROUP, INC.

                   

                  

                      By: /s/Joseph E. Hart

                  Name: Joseph E. Hart

                    

                  Title: CEO

                    

                

          

          

          The undersigned hereby agrees to guarantee payment and performance, as and when due, of Buyer’s obligations under this Agreement.

          

          

          

          

          /s/ David E. Chymiak

          David E. Chymiak, an individual

          
            45

            
              

          

          EXHIBIT A

          

          

          Form of Guaranty and Covenant Agreement

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          

          
            46

            
              

          

          

        

      

    

  

  
  
    GUARANTY AND COVENANT AGREEMENT

    

    

    THIS GUARANTY AND COVENANT AGREEMENT (the “Guaranty Agreement”) is made effective as of _____________,
        by David E. Chymiak, an individual residing at _______________ and The David E. Chymiak Trust (collectively, the “Guarantor”), in favor of ADDvantage Technologies Group, Inc., an Oklahoma corporation (the “Creditor”).

    W I T N E S S E T H:

    

    

    WHEREAS, Guarantor is the sole shareholder of Leveling 8 Inc, an Oklahoma corporation (“Debtor”) which
        has entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) of even date herewith pursuant to which Debtor will purchase from Creditor the stock and membership interests of certain companies (the “Companies”) owned by Creditor
        engaged in the cable equipment business; and

    WHEREAS, in connection with the closing of the transaction contemplated by the Stock Purchase Agreement,
        the Debtor will, as partial consideration under the Stock Purchase Agreement, execute and deliver to Creditor its Promissory Note in the original principal amount of $6,375,000 (the “Note”) and certain other agreements related to Buyer’s purchase
        of the Companies (as defined in the Stock Purchase Agreement, the “Transaction Documents”); and

    WHEREAS, Guarantor as the sole shareholder of the Debtor is willing to enter into certain covenants with
        Creditor; and

    WHEREAS, in agreeing to enter into the Stock Purchase Agreement and to accept the Note and the
        Transaction Documents, the Creditor is relying, among other things, on the creditworthiness of the Guarantor, the sole shareholder of Debtor, and the covenants made by Guarantor in this Guaranty Agreement; and

    WHEREAS, this Guaranty Agreement is executed and delivered to the Creditor by the Guarantor to induce
        the Creditor to enter into the Stock Purchase Agreement, to extend credit under the Note and to enter into the Transaction Documents;

    NOW, THEREFORE, in consideration of the extension of credit by the Creditor to the Debtor as evidenced
        by the Note, and the benefits to be received by the Guarantor therefrom, it is agreed as follows:

    1. The Guarantor hereby guarantees to the Creditor the absolute, complete and punctual payment and performance by Debtor when due of all amounts and obligations owing under (i) the
        Stock Purchase Agreement, (ii) the Note, whether principal, interest, default interest or otherwise, and whether due on the stated maturity date of the Note, pursuant to acceleration or otherwise, (iii) each of the Transaction Documents, (iv) any
        other past, present or future indebtedness of Debtor to Creditor arising under any contract or otherwise  and (v) all renewals, consolidations, modifications, 

    
      1

      
        

    

    amendments, increases and extensions of the foregoing, together with all expenses of collection thereof including
        reasonable attorneys' fees and expenses (the “Indebtedness”).  This Guaranty Agreement is an absolute, unconditional and continuing guaranty of payment and performance of the Indebtedness.  The obligations of the Guarantor hereunder will not
        terminate until the entire amount of the Indebtedness has been paid to the Creditor in full in current funds.  All moneys available to the Creditor for application in payment or reduction of the Indebtedness may be applied by the Creditor in such
        manner and in such amounts and at such time or times as the Creditor may see fit to the payment thereof as the Creditor may elect.

    3. The Guarantor hereby consents to the following events and agrees that the Guarantor’s liability hereunder will not be released, reduced, impaired or affected by the occurrence
        of any one or more of the following events:  (a) the Creditor’s obtaining collateral from Debtor or any other person to secure payment of the Indebtedness; (b) the assumption of liability by any other person (whether as guarantor or otherwise) for
        payment of all or any portion of the Indebtedness; (c) the release, surrender, exchange, impairment, loss, termination, waiver or other discharge of any collateral securing payment of the Indebtedness or of any assumption of liability or guarantee
        of payment of the Indebtedness; (d) the subordination, relinquishment, discharge or impairment of the Creditor’s rights relating to the Indebtedness or of any of the documents evidencing or securing the Indebtedness or any collateral securing the
        Indebtedness; (e) the full or partial release from liability of Debtor, any other guarantor, or any other person now or hereafter liable for payment of all or any portion of the Indebtedness; (f) the insolvency, bankruptcy, reorganization,
        disability, discharge, waiver or other exoneration of Debtor, any other guarantor, or any other person now or hereafter primarily or contingently liable for payment of the Indebtedness; (g) the renewal, consolidation, extension, modification,
        rearrangement, amendment or increase from time to time of the Indebtedness; (h) the failure, delay, waiver or refusal by the Creditor to exercise any right or remedy held by the Creditor under the Note, or any other document evidencing or securing
        the Indebtedness or otherwise executed in connection therewith or any renewals or modifications thereof; (i) the sale, encumbrance, transfer or other modification of the ownership of Debtor, or of substantially all of  the assets of Debtor, or the
        change in the financial condition or management of Debtor; (j) the invalidity, unenforceability or insufficiency of all or any portion of this Guaranty Agreement; or (k) the failure of the Guarantor to receive notice of any one or more of the
        foregoing actions or events.

    4. The Creditor may, at the Creditor’s option, proceed to enforce this Guaranty Agreement directly against the Guarantor immediately after the occurrence of a default on the
        Indebtedness without first proceeding against Debtor or any other guarantor or any other person liable for payment of the Indebtedness, and without first proceeding against or exhausting any collateral now or hereafter held by the Creditor to
        secure payment of the Indebtedness.

    5. The Guarantor hereby waives diligence, presentment, protest, notice of protest, notice of dishonor, demand for payment, notice of nonpayment of the Indebtedness or any of the
        documents evidencing or securing the Indebtedness, any notice of acceptance of this Guaranty Agreement and all other notices of any nature in connection with the exercise of the Creditor’s rights under this Guaranty Agreement, the Note or the
        Indebtedness.  Performance by the Guarantor hereunder will not entitle the Guarantor to any payment from Debtor under any claim for contribution, indemnification, subrogation or otherwise, until such time as all amounts owing by Debtor to the
        Creditor, have been paid in full.

    
      2

      
        

    

    6. The Guarantor hereby agrees that in any action brought to enforce this Guaranty Agreement, the Guarantor will pay to the Creditor all reasonable attorneys’ fees, court costs and
        other expenses incurred by the Creditor, in the event the Creditor prevails in such action.

    7. The Guarantor hereby waives and relinquishes all of the Guarantor’s rights provided by 12 Okla.Stat. § 686, 15 Okla.Stat. §§ 334, 338, 341 and 344, and all other common law,
        constitutional, and statutory rights, remedies, defenses and set-off credits related to Guarantor’s ability to obtain a credit for the fair market value of any real or personal property that may be mortgaged, pledged or in which a security interest
        is granted to the Creditor to secure the Indebtedness that may be accorded to the Guarantor under Oklahoma law.

    8. Nothing herein contained will limit the Creditor in exercising any rights held under the Note or under any other documents evidencing or securing the Indebtedness.  In the event
        of any default under the Note, or any other documents evidencing or securing all or any portion of the Indebtedness, the Creditor will be entitled to selectively and successively enforce any one or more of the rights held by the Creditor under this
        Guaranty Agreement, the Note or any other documents evidencing or securing the Indebtedness, and such action will not be deemed a waiver of any other right held by the Creditor.  All of the remedies of the Creditor under this Guaranty Agreement,
        and any other documents evidencing or securing the Indebtedness are cumulative and not alternative.

    9. The Guarantor hereby represents that nothing exists to impair the effectiveness of the liability of the Guarantor to the Creditor hereunder, or the immediate taking effect of
        this Guaranty Agreement as the agreement among the Guarantor and the Creditor.

    10. Guarantor represents and warrants to Creditor that his statement of assets and liabilities as of December 1, 2018, delivered to Creditor was a materially accurate statement of
        his assets and liabilities as of December 26, 2018, and that it continues to be materially accurate as of the date of this Guaranty Agreement.  He covenants to Creditor that he will promptly notify Creditor in writing of any material adverse
        changes in his financial condition occurring at any time prior to payment in full of the Note and that he will at any time or times requested by Creditor deliver to Creditor a new statement of his assets and liabilities which shall be materially
        accurate.

    11. Guarantor covenants and agrees with Creditor that, until the Indebtedness has been paid in full, Guarantor will:

    a. Furnish to Creditor in writing, after the closing of the transaction contemplated by the Stock Purchase Agreement, no later than 120 days after the
        close of each calendar year, a personal balance sheet of Guarantor.

    b. Cause the personal balance sheet delivered to Creditor under Section 11.a. above to accurately reflect the financial condition of the Guarantor in all
        material respects as of its date, and to be so certified by the Guarantor.

    c. In the event the Guarantor, the Debtor or the Companies deliver to any other lender any financial or operating information regarding the Guarantor,
        Debtor or the Companies, cause such financial or operating information (including without limitation an audit report if the same is 

    
      3

      
        

    

    delivered to a lender) to be delivered to Creditor at the same time that it is delivered to any other
        lender.

    d. At any reasonable time and from time to time and following not less than 24 hours advance notice, permit the Creditor or any agent or representative
        thereof, to examine and make copies of and abstracts from the records and books of account of, and visit the properties, of the Debtor and the Companies, and to discuss the affairs, finances, and accounts of Debtor and the Companies with any of its
        officers and directors and independent accountants (if retained by Debtor or the Companies).

    12. Guarantor covenants and agrees with Creditor that, until the Indebtedness has been paid or satisfied in full, Guarantor will not, and will not permit the Debtor or the Companies
        to, without Creditor’s prior written consent, which consent will not be unreasonably withheld, conditioned or delayed:

    a. Permit the aggregate secured indebtedness which has priority over the lien or security interest of the Creditor in any property in which the Creditor
        has a subordinated lien or security interest to in any event or at any time exceed $5,420,000;

    b. Take any action which has the effect of causing Guarantor to own less than 60% of the voting equity interest in the Debtor or of causing the Debtor to
        own less than 100% of each of the Companies;

    c. Dividend or distribute funds or other property to any equity holder in Debtor, other than the payment of reasonable compensation to Guarantor; or

    d. Liquidate (partially or entirely), sell, pledge, mortgage, grant a security interest in or otherwise transfer or convey any of Guarantor’s investments
        in real estate or equities.

    13. This Guaranty Agreement has been negotiated, executed and delivered in Oklahoma, and is intended to be construed in accordance with the laws of the State of Oklahoma.  The
        Guarantor hereby waives all objections to venue and consents to the jurisdiction and venue of any state or federal court located in Tulsa County, Oklahoma, as elected by the Creditor, in connection with any action instituted by the Creditor arising
        out of the execution, delivery or performance of this Guaranty Agreement. If any provision of this Guaranty Agreement is held to be invalid, illegal or unenforceable in any respect or application for any reason, such invalidity, illegality or
        unenforceability will not affect any other provisions herein contained and such other provisions will remain in full force and effect. This Guaranty Agreement will be binding on the Guarantor and the Guarantor’s heirs, personal representatives,
        successors and assigns and will inure to the benefit of the Creditor and all successors and assigns of the Creditor. The Guarantor hereby consents to the assignment of all or any portion of the rights of the Creditor hereunder in connection with
        the assignment of the Indebtedness or any portion thereof without notice to the Guarantor.

    14. Any transfer in violation of Section 12 of this Guaranty Agreement shall be deemed conclusively to have been undertaken with the actual intent to defraud the Creditor, and any
        statute 

    
      4

      
        

    

    of limitations, civil or criminal, related to such fraudulent transfer shall be deemed tolled until the date the
        Indebtedness is fully paid or satisfied.

    15. The David E. Chymiak Trust is a revocable trust established by David E. Chymiak for estate planning purposes and is for the purposes of this Guaranty Agreement the alter ego of
        David E. Chymiak.  The David E. Chymiak Trust and David E. Chymiak shall have joint and several liability under this Guaranty Agreement.

    16. The Guarantor shall use commercially reasonable efforts to obtain and maintain over the term of the Note term life insurance with a death benefit of $5,000,000 for the benefit
        of Creditor with the proceeds to be applied to any balance due on the Note at the time of Guarantor’s death and any excess after payment in full of the Note distributed to the estate of Guarantor.

    IN WITNESS WHEREOF, the Guarantor has duly executed this instrument effective the date first above
        written.

    

    

    

    

    

    

    ________________________________________

    David E. Chymiak, an individual and as trustee of The 

    David E. Chymiak Trust

    

    

  

  

  

  

  

  

  

  

  

  

  

  
  5

  
    
      

  

  
    EXHIBIT B

    

    

    Form of Promissory Note

     

      

     

      

     

      

     

      

     

      

     

      

     

    
     

      

     

      

     

      

     

      

     

      

    
      
        

    

  

  
    PROMISSORY NOTE

    

    

    $6,375,000 [closing date]

    

    

    FOR VALUE RECEIVED, the undersigned, Leveling 8 Inc, an Oklahoma corporation (“Maker”), promises to pay to the order of ADDVANTAGE TECHNOLOGIES GROUP, INC., an Oklahoma corporation, its successors and assigns (“Payee”), the principal sum of
        Six Million Three Hundred Seventy Five Thousand Dollars ($6,375,000) plus interest thereon accruing at the rate of six percent (6%) per annum until paid payable in installments of principal plus accrued interest every six months in the amounts and
        on the dates set forth on Exhibit A attached hereto and made a part hereof, beginning on ____________________[the last day of the sixth month following
          the month in which closing occurs], and continuing until paid in full with all unpaid principal and interest due and payable no later than _____________________ [five years after the closing date].  Payments that are not made when due, including without limitation payments which are accelerated pursuant to the terms of the next paragraph, shall accrue default interest at the
        rate of 15% per annum until paid.

    If this Note or any installment hereunder is not paid when due or if there should occur a default
        under any of the guarantees of this Note or under any of the mortgages, security agreements, pledge agreements, account control agreements or any other agreement securing payment of this Note or payment of any such guarantee, then the holder of
        this Note may, at its option, declare this Note immediately due and payable in full.  If Maker or any guarantor of this Note should be dissolved or die, make an assignment for the benefit of creditors or institute or have instituted against it or
        him any insolvency or bankruptcy proceedings, except as hereafter provided, the holder shall have the right and option to declare this Note immediately due and payable, and notice of the election of such option is being hereby expressly waived;
        provided, that, in the event of the death of guarantor David E. Chymiak, the holder shall not be entitled to declare the Note immediately due and payable if (and only if) the outstanding unpaid principal balance of the Note is Four Million Dollars
        ($4,000,000) or less upon the date of Mr. Chymiak’s death or within 90 days thereafter and there has been no default in the timely payment of any amounts due under the Note from the date of issuance until 90 days after the date of Mr. Chymiak’s
        death.

    The Maker hereby waives presentment, demand, protest, notice of dishonor and diligence in collecting,
        and agrees that additional co-makers, guarantors and sureties may become parties hereto without notice to the undersigned, without affecting the liability of the undersigned hereon.

    If this Note or any portion of the principal due hereunder is not paid when due, and is given to an
        attorney for collection, or suit is filed hereon, and as often as any of such events occur, the prevailing party in such litigation shall be entitled to recover reasonable attorneys’ fees and court costs.

    The Maker hereof may prepay all or any portion of the principal hereof at any time without prepayment
        penalty or premium.  Any partial prepayments of the Note shall be applied to the remaining installments due under the Note at the time of the partial prepayment on a basis pro rata to the relative size of each remaining installment.  For example,
        if one of the remaining installments represents twenty percent (20%) of all the remaining installments, then twenty percent (20%) of the partial prepayment shall be applied to such installment.

    
      
        

    

    “Maker”

    Leveling 8 Inc

    

    

    

    

    By:  

    David E. Chymiak, President

    
      
        

    

    EXHIBIT A

    

    

    

    

    

    

    

    

    	
             

            Payment Schedule

             

          	 	
             

            Amount

          
	 	 	
            $700,000

          
	 	 	
            $700,000

          
	 	 	
            $700,000

          
	 	 	
            $700,000

          
	 	 	
            $470,000

          
	 	 	
            $470,000

          
	 	 	
            $470,000

          
	 	 	
            $470,000

          
	 	 	
            $470,000

          
	 	 	
            $2,500,000

          
	 	 	 
	 	 	 
	 	 	 

    

    

    

    

  

  

  

  
    
      

  

  

  

  
    Seller Disclosure Schedules

      

      

      To

      

      

      Stock Purchase Agreement

    

        

        By And Among

        

        

        Leveling 8 Inc

    

    

    and

        

        

        ADDvantage Technologies Group, Inc.

    dated as of December 26, 2018

    

    

    

    

    
      
        

    

    TABLE OF CONTENTS

    

    

    Schedule 2.06 Collateral

    Schedule 3.05 Consents

    Schedule 3.08 Tax Matters

    Schedule 3.09     Seller
        Not a Creditor of, or Debtor, to the Companies

    Schedule 3.10 Benefit Plans

    

    

    
      
        

    

    Schedule 2.06

        

        

        Collateral

    Collateral Item Release Amount

    Johns Creek, GA $1,800,000.00

    Broken Arrow, OK               $1,000,000.00

    Sedalia, MO   $500,000.00

    AEY Stock   $3,300,000.00

    Schwab Stock                 $1,500,000.00

    Account

    

    

    
      
        

    

    

    

    Schedule 3.05

        

        

        Consents

    Seller will have to obtain the consent of its lender, Valley National Bank, prior to Closing.

    NCS will have to provide notice to Arris Solutions, Inc. under the Non-Exclusive Value Added Reseller Agreement.

    Tulsat will have to provide notice to Cisco under their reseller agreement

    

    

    
      
        

    

    

    

    Schedule 3.08

        

        

        Tax Matters

    (c) Seller has had Federal income tax audits for the following periods:

    -Fiscal Year 2009

    -Fiscal Year 2008

    -Fiscal Year 2005

    -Fiscal Year 2004

    -Fiscal Year 2000

    

    

    Income, Franchise, & Sales Tax Returns were filed in the following states in the last five year period: (1) Arizona,
        (2) Florida, (3) Georgia, (4) Massachusetts, (5) Maryland, (6) Missouri, (7) North Carolina, (8) Nebraska, (9) Oklahoma, (10) Pennsylvania, (11) Kentucky, (12) South Dakota, (13) Tennessee, and (14) Texas.

    

    

    (d)(ii) Seller intends to file for an extension for the 2018 Tax Return until July 15, 2019

    
      
        

    

    

    

    Schedule 3.09

        

        

        Seller Not a Creditor of, or Debtor, to the Companies

    Seller and the Companies have intercompany trade accounts receivable and accounts payable in the ordinary course of
        business.

    
      
        

    

    

    

    Schedule 3.10

        

        

        Benefit Plans

    

    

    (a)

    	
            Employee Benefit Plans

             

          
	
            Medical Insurance

          	
            United HealthCare, PPO

          	
            Premium Split

          
	
            Dental Insurance

          	
            Delta Dental of Oklahoma

          	
            Employee Paid

          
	
            Vision Insurance

          	
            United HealthCare

          	
            Employee Paid

          
	
            Short-term Disability

          	
            United HealthCare

          	
            Employee Paid

          
	
            Long-term Disability

          	
            United HealthCare

          	
            Employee Paid

          
	
            Group Term Life, basic

          	
            United HealthCare

          	
            Employee Paid

          
	
            Group Term Life, buy-up

          	
            United HealthCare

          	
            Employee Paid

          
	
            FSA/DFSA

          	
            Discovery Benefits

          	
            Employee Paid

          
	
            401(k) Defined Contribution

          	
            Bank of Oklahoma

          	
            Safe Harbor Match

            100% of 5%, no true-up

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