Document:

EX-4.2

 Exhibit 4.2 

Execution Version 

FRANKLIN RESOURCES, INC. 

Officer’s Certificate 

Establishing the Terms of the 

1.600% Notes due 2030 
 The
undersigned, Matthew Nicholls, Executive Vice President and Chief Financial Officer of Franklin Resources, Inc. (the “Company”), a Delaware corporation, hereby certifies on behalf of the Company pursuant to Sections 2.01, 3.01, 3.03
and 15.01 of the Indenture, dated as of October 6, 2020 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), as follows: 

 

	 	1.	 The Indenture has been duly and validly authorized, executed and delivered by the Company.

  

	 	2.	 The issuance of a series of Securities designated as 1.600% Notes due 2030 in an initial aggregate principal
amount of $750,000,000 (the “Notes”) has been approved and authorized in accordance with the provisions of the Indenture pursuant to resolutions of the Board of Directors. The terms of the Notes shall be as follows:

  

	 	a.	 The title of the Notes shall be the “1.600% Notes due 2030.” 

 

	 	b.	 The aggregate principal amount of Notes which may be authenticated and delivered under the Indenture is
initially limited to $750,000,000 (except for Notes authenticated and delivered upon transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 3.04, 3.06, 4.06 or 13.05 of the Indenture). 

 

	 	c.	 The Notes will mature on October 30, 2030. 

 

	 	d.	 The Notes will bear interest at the annual rate of 1.600%. Interest on the Notes will accrue from
October 19, 2020 or from the most recent interest payment date to which interest has been paid or duly provided for and will be payable semi-annually in arrears on April 30 and October 30 of each year, commencing April 30, 2021,
to the Holders in whose names the Notes are registered at the close of business on the immediately preceding April 15 and October 15, respectively, subject to certain exceptions set forth in the form of the Notes attached hereto as
Exhibit A. The amount of interest payable on the Notes will be computed on the basis of a 360-day year consisting of twelve 30-day months. 

 

	 	e.	 The Notes shall be redeemable, as a whole or in part, at the option of the Company at any time as described in
Exhibit A, and are not subject to a sinking fund. 

  

	 	f.	 The Notes will be the unsecured and unsubordinated obligation of the Company and rank equal in right of payment
to all other unsubordinated indebtedness of the Company. 

  

	 	g.	 Payments of principal of, premium, if any, or interest with respect to the Notes shall be made in such coin or
currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. 

  

	 	h.	 The Notes are issuable in fully registered form only, in denominations of $2,000 and integral multiples of
$1,000 in excess thereof. 

  
 1 

	 	i.	 The Notes shall be dischargeable and defeasible in whole or in part pursuant to the terms of the Indenture,
including, without limitation Sections 11.01 and 11.02 of the Indenture. 

  

	 	j.	 The Notes will be initially be issued in the form of two Global Securities in the name of Cede & Co.,
as nominee of The Depository Trust Company. The Depository Trust Company shall serve as the Depositary for such Global Securities. 

  

	 	k.	 The Notes shall have such additional terms and provisions as are set forth in Exhibit A hereto, all of
which terms and provisions are incorporated by reference in and made a party of this Officer’s Certificate as if set forth in full herein. 

  

	 	3.	 Attached hereto as Exhibit A is a true, correct and complete specimen of the form of the Notes, which
complies with the resolutions of the Board of Directors referred to below and which establishes the form and terms of the Notes as required by Sections 2.01 and 3.01 of the Indenture. 

 

	 	4.	 The Trustee shall initially be appointed as the Paying Agent and Registrar with respect to the Notes.

  

	 	5.	 I have read and reviewed the relevant provisions of the Indenture including, but not limited to Sections 2.01,
3.01 and 15.01 of the Indenture and the definitions set forth in the Indenture as to terms used in those sections, setting forth the conditions relating to the authentication and delivery by the Trustee of the Notes and such other documents,
certificates and corporate or other records as I have deemed necessary or appropriate to enable me to express an informed opinion as to whether such covenants or conditions have been complied with. Based on the foregoing, in my opinion, (i) I
have made such examination or investigation as is necessary for me to express an informed opinion as to whether the covenants and conditions precedent to the execution by the Company and authentication and delivery by the Trustee of the Notes have
been complied with and (ii) all such covenants and conditions precedent to the issuance by the Company and the authentication and delivery by the Trustee of the Notes, as requested in the Company Order, dated as of the date hereof, pursuant to
which the Company has requested that the Trustee authenticate and deliver the Notes, have been complied with in accordance with the terms of the Indenture. 

Capitalized terms used herein without definition shall have the respective meanings ascribed to such terms in the Indenture. 

[Signature page follows] 

  
 2 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate on October 19, 2020.

  

			
	FRANKLIN RESOURCES, INC.
		
	By:	 	 /s/ Matthew
Nicholls                    

	Name:	 	Matthew Nicholls
	Title:	 	Executive Vice President and Chief Financial Officer

 EXHIBIT A 

Form of Note 

 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED
TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS SECURITY FOR ALL PURPOSES. 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE
TRANSFERRED EXCEPT AS A WHOLE (I) BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR (II) BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR BY THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH
SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO CEDE & CO., ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY,
OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY, OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. 

  
 1 

 FRANKLIN RESOURCES, INC. 

1.600% Notes due 2030 
  

					
	Certificate No. [●]	 		  	CUSIP: 354613 AL5
		 		  	ISIN: US354613AL54

 Interest Payment Dates: April 30 and October 30 of each year, commencing April 30, 2021 

Record Dates: April 15 and October 15 preceding each Interest Payment Date 

Interest Rate: 1.600% per annum 
  

					
	Original Issue Date: [●]	 		  	Maturity Date: October 30, 2030

 FRANKLIN RESOURCES, INC., a Delaware corporation (the “Company”), for value received, hereby
promises to pay to CEDE & CO., as nominee of The Depositary Trust Company (the “Depositary”), or registered assigns, the principal sum of [●] ($[●]) on the Maturity Date specified above or upon earlier
redemption or repayment at the Corporate Trust Office, or such other location or locations as may be provided for pursuant to the Indenture referred to herein, in such coin, currency or currency unit specified above as at the time of payment shall
be legal tender for the payment of public and private debts, and to pay interest semi-annually on the Interest Payment Dates in each year and on the Maturity Date or upon earlier redemption or repayment; commencing on April 30, 2021 on said
principal sum at the Interest Rate specified above from the most recent date to which interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, from the Original Issue Date, until the principal hereof
becomes due and payable. If any Interest Payment Date, the Maturity Date or a date fixed for redemption or repayment is not a Business Day (as hereinafter defined), then the related payment of interest and/or principal on such date shall be paid on
the next succeeding Business Day with the same force and effect as if made on such Interest Payment Date, Maturity Date or on the date fixed or redemption or repayment, as the case may be, and no further interest shall accrue in respect of the
delay. 
 For purposes of this Note, “Business Day” means any day other than (i) a Saturday or Sunday, or (ii) a
day that in the Borough of Manhattan, New York City is either a legal holiday or a day on which the federal or state banking institutions located therein are authorized or obligated by law, executive order or regulation to close. 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will be paid to the Holder in whose name this
Note (or one or more predecessor Notes) is registered at the close of business on the Record Date (whether or not a Business Day) immediately preceding such Interest Payment Date and interest payable on the Maturity Date or upon earlier redemption
or repayment will be payable to the Holder to whom principal is payable, except that, if this Note is issued between a Record Date and the initial Interest Payment Date relating to such Record Date, interest for the period beginning on the Original
Issue Date and ending on such initial Interest Payment Date shall be paid to the Holder to whom this Note shall have been originally issued. Payment of principal, interest and premium, if any, on this Note will be made, if at maturity or upon
earlier redemption or repayment, on the Maturity Date or the date fixed for redemption or repayment, as applicable, upon surrender of this Note at the office of the Paying Agent. All such payments shall be made in immediately available funds,
provided that this Note is presented to the Paying Agent in time for the Trustee to make such payments in such funds in accordance with its normal procedures. Payment of interest on this Note (other than interest paid on the Maturity Date or upon
earlier redemption or repayment) will be made by wire transfer to the Holder entitled thereto appearing on the register for the Notes on the applicable Record Date; provided that such Holder shall have designated such account by written notice to
the Trustee no later than the Record Date preceding the applicable Interest Payment Date. Notwithstanding the foregoing, payments of principal, interest and premium, if any, on Global Securities shall be made in accordance with the Depositary’s
procedures. Any interest not punctually paid or duly provided for shall be payable as provided in the Indenture referred to on the reverse hereof. 

  
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 Initially, The Bank of New York Mellon Trust Company, N.A., a New York banking corporation,
shall act as Paying Agent and Registrar with respect to the Notes. The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice, other than notice to the Trustee. 

Interest will be computed on the basis of a 360-day year of twelve
30-day months. 
 REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS NOTE SET FORTH ON THE
REVERSE HEREOF, WHICH FURTHER PROVISIONS SHALL HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE. 
 This Note shall not be valid
or become obligatory for any purpose until the certificate of authentication hereon shall have been signed by or on behalf of the Trustee under the Indenture referred to on the reverse hereof. 

AGENCY FOR TRANSFER, EXCHANGE AND PAYMENT: THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

  
 3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name by its
duly authorized officers. 
 Dated:              

 

			
	FRANKLIN RESOURCES, INC.
		
	By:	 	
                     
                    

		 	Name:
		 	Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated therein referred to in the within- mentioned Indenture. 

 

			
	The Bank of New York Mellon Trust Company, N.A., as Trustee
		
	By:	 	
                     
                    

		 	Authorized Signatory

 Date of authentication: 

 REVERSE OF NOTE 

1.600% Notes due 2030 
 This Note
is one of a duly authorized issue of a series of notes of the Company (hereinafter called the “Securities”) of the series hereinafter specified, all issued or to be issued under and pursuant to an indenture dated as of
October 6, 2020 (the “Indenture”), duly executed and delivered by the Company to The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), to which Indenture and all indentures supplemental
thereto reference is hereby made for a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. The Securities may be issued in one or more series, which different
series (and which securities issued within each series) may be issued in various aggregate principal amounts, may mature at different times, may bear interest (if any) at different rates, may be subject to different redemption or repayment
provisions (if any), may be subject to different sinking fund, amortization or analogous provisions (if any), may be subject to different Events of Default (as defined in the Indenture) and may otherwise vary as in the Indenture provided. 

This Note is one of a series designated as “1.600% Notes due 2030” (the “Notes”) of the Company, initially limited
in aggregate principal amount to $750,000,000. The Company may, from time to time, without the consent of the Holders of the Notes issue additional Securities under the Indenture having the same terms (other than the issue date, the public offering
price and, if applicable, the initial interest payment date and initial interest accrual date) and with the same CUSIP number as the Notes in an unlimited aggregate principal amount, provided that no such additional Notes may be issued with the same
CUSIP number unless such Notes will be fungible with the notes for U.S. federal income tax and securities law purposes. Any additional Securities having those similar terms, together with the previously issued Notes, will constitute a single series
of Securities under the Indenture. 
 This Note is the unsecured and unsubordinated obligation of the Company and ranks equal in right of
payment to all other unsubordinated indebtedness of the Company. The Notes will be issuable in fully registered form only, in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

In case an Event of Default with respect to the Notes shall have occurred and be continuing, the principal hereof may be declared, and upon
such declaration shall become, due and payable, in the manner, with the effect and subject to the conditions provided in the Indenture. 

This Note is not subject to any sinking fund. 

Optional Redemption 
 At the
Company’s option, the Notes may be redeemed, in whole or in part, by the Company at the applicable redemption price described below: 
  

	 	(a)	 At any time before the Par Call Date (as defined below), the Notes may be redeemed at a redemption price, equal
to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed (exclusive of interest accrued to
the date of redemption), assuming for such purpose that the Notes mature on the Par Call Date, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the then-current Treasury Rate plus 15 basis points, plus, in each case, accrued and unpaid interest thereon to, but not including, the date of redemption. 

  
 R-1 

	 	(b)	 At any time on or after the Par Call Date, the Notes may be redeemed at a redemption price equal to 100% of the
principal amount of the Notes to be redeemed, plus accrued and unpaid interest thereon to, but not including, the date of redemption. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Independent Investment Banker as having
an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming for such purpose that the Notes mature on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary
financial practice, in pricing new issues of corporate debt securities of a comparable maturity to the remaining term of the Notes (assuming for such purpose that the Notes mature on the Par Call Date). 

“Comparable Treasury Price” means, with respect to any redemption date, (A) the average of four Reference Treasury
Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (B) if the Company obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such
quotations for such redemption date. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers
appointed by the Company. 
 “Par Call Date” means July 30, 2030. 

“Primary Treasury Dealer” means a primary U.S. government securities dealer in the United States. 

“Reference Treasury Dealer” means each of BofA Securities, Inc. and Citigroup Global Markets Inc. or their respective
affiliates that are Primary Treasury Dealers, and two other Primary Treasury Dealers selected by the Company, and each of their respective successors that are Primary Treasury Dealers; provided, however, that if any of the foregoing or their
affiliates shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the
average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 3:30 p.m. New
York City time on the third Business Day preceding such redemption date. 
 “Treasury Rate” means, with respect to any
redemption date, the rate per annum equal to the semiannual equivalent yield to maturity or interpolated (on a day count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such redemption date. The Treasury Rate will be calculated on the third Business Day preceding the redemption date. 

Notice of any redemption will be given by the Company or, at the Company’s request, by the Trustee in the Company’s name and at the
Company’s expense, at least 10 days but not more than 60 days before the redemption date to each Holder of the Notes. On or before a redemption date, the Company will deposit with the Paying Agent (or the Trustee) money sufficient to pay the
redemption price of and accrued and unpaid interest on the Notes to be redeemed on that date. If less than all of the Notes are to be redeemed, the Notes to be redeemed shall be selected by lot and in accordance with the applicable Depository
procedures. 

  
 R-2 

 Unless the Company defaults in payment of the redemption price, on and after the redemption
date interest will cease to accrue on the Notes or portions thereof called for redemption. 
 Miscellaneous 

The Notes are subject to the discharge and defeasance provisions set forth in the Indenture, including without limitation, Section 11.01
and Section 11.02 of the Indenture. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and
the modification of the rights and obligations of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of at least a
majority in aggregate principal amount of the Securities at the time Outstanding of each series to be affected. 
 Upon due presentment for
registration of transfer of this Note at the office of the Paying Agent or at such other office or agency as is designated by the Company, a new Note or Notes of authorized denominations for like aggregate principal amount and like tenor will be
issued to the transferee in exchange therefor, subject to the limitations provided in the Indenture, without charge except for any tax or other governmental charge imposed in connection therewith; provided, however, that this Note is
exchangeable only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as Depositary for this Note or if at any time the Depositary ceases to be eligible or in good standing under the Exchange Act, or other
applicable statutes or regulations, and the Company does not appoint a successor Depositary within 90 days after the Company received such notice or becomes aware of such ineligibility or lack of good standing or (ii) the Company in its sole
discretion determines that this Note shall be exchanged for certificated Notes in definitive form, provided that the definitive Notes so issued in exchange for this Note shall be in authorized denominations and be of like aggregate principal amount
and tenor and terms as the portion of this Note to be exchanged. 
 The Company will pay any administrative costs imposed by banks in
connection with making payments on this Note by wire transfer, but any tax, assessment or governmental charge imposed upon payments will be borne by the Holder hereof. 

The Company, the Trustee and any agent of the Company or the Trustee shall deem and treat the registered Holder hereof as the absolute owner
of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon) for the purpose of receiving payment of or on account of the principal hereof and premium, if any, and subject to the
provisions on the face hereof, interest hereon, and for all other purposes, and neither the Company nor the Trustee nor any agent of the Company or the Trustee shall be affected by any notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or in any Note, or because of any indebtedness
evidenced thereby, shall be had against any incorporator, partner, stockholder, other equity holder, officer, director, employee or controlling person, as such, of the Company or of any predecessor or successor entity, either directly or through the
Company or any predecessor or successor entity, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and
released by the acceptance hereof and as part of the consideration for the issue hereof. 
 Undefined terms used herein which are defined in
the Indenture shall have the respective meanings assigned thereto in the Indenture. 

  
 R-3 

 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 

  
 R-4 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this Note, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

	
	 TEN COM — as tenants in common

TEN ENT — as tenants by the entireties

	 JT TEN — as joint tenants with right of survivorship and not as tenants in common

	
	 UNIF GIFT MIN ACT — Custodian

	
	
                      
                              (Cust)        
(Minor)

	
	
                      
                              under Uniform Gifts to Minors Act

	
	 (State) Additional abbreviations may also be used though not in the above list

  
  

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

PLEASE INSERT TAXPAYER IDENTIFICATION NUMBER OF ASSIGNEE 
  

 
 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS OF
ASSIGNEE 
  
  

the within Note of FRANKLIN RESOURCES, INC. and hereby does irrevocably constitute and appoint 

 
  

Attorney to transfer the said Note on the books of the within-named Company, with full power of substitution in the premises. 

							
	Dated                    	 		  	
		
		 	  

		 	NOTICE: The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change whatever.	  	

  
 R-1Exhibit
10.1

 

Execution
Version

 

PURCHASE
AGREEMENT

 

This
Purchase Agreement (this “Agreement”) is made as of October 15, 2020 (“Signing Date”), by and between
CW Merchandize Liquidators, LLC, a Florida limited liability company (“Seller”) and Bridgeway National Corp., a Delaware
corporation (“Buyer”). Each of Seller and Buyer are referred to individually as a “Party” and collectively
as the “Parties.”

 

W
I T N E S E T H

 

WHEREAS,
prior to the consummation of the transactions contemplated hereunder, Seller owns 4,445,000 issued and outstanding shares of common
stock, par value $0.01 per share (the “Shares”) of Merchandize Liquidators, Inc. (the “Company”); and

 

WHEREAS,
Seller desires to sell to Buyer, and Buyer desires to purchase from Seller, all of the Shares in accordance with the terms and
conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the mutual benefits to be derived from this Agreement and the representations, warranties, conditions
and premises hereinafter contained, the receipt and sufficiency of which are hereby acknowledged by Seller and Buyer, each of
Seller and Buyer hereby agrees as follows:

 

1.
Sale and Purchase of the Shares. Upon the terms and subject to the conditions of this Agreement, effective as of the Closing,
Buyer shall purchase, acquire and assume from Seller, and Seller shall sell, convey, transfer, assign and deliver to Buyer, all
of Seller’s right, title and interest in and to the Shares, free and clear of any mortgage, lien, pledge, charge, security
interest or encumbrance of any kind whatsoever (“Lien”), other than any Liens imposed or arising on the Shares
by applicable securities laws, the Governing Instruments of the Company, this Agreement or created by Buyer. For purposes of this
Agreement, “Governing Instruments” shall mean, individually or collectively: (i) the certificate of incorporation
of the Company, (ii) the by-laws of the Company and (iii) the Investor’s Rights Agreement of the Company, dated as of September
6, 2018 (the “Investor Agreement”).

 

2.
Purchase Price. The purchase price for the Shares shall be Six Million Nine Hundred Ninety-Nine Thousand Three Hundred
and Eighty-One Dollars ($6,999,381.00) (the “Purchase Price”). On the Closing Date, Buyer shall pay to Seller, the
Purchase Price by wire transfer in immediately available funds to the account identified by Seller to Buyer in writing prior to
the Closing.

 

3.
Closing.

 

(a)
Closing. Subject to the terms and conditions of this Agreement, the closing (the “Closing”) of the purchase
and sale of the Shares contemplated hereunder shall take place remotely by electronic transmissions on the date hereof at 10:00
a.m., or at such other date, time or place as the Parties may agree in writing (the date and time at which the Closing is actually
held being the “Closing Date”). Each of the Parties shall use commercially reasonable efforts to cause the Closing
conditions set forth in Article 9 and Article 10 to be satisfied or waived (except for conditions that, by their
terms, cannot be satisfied until the Closing, but subject to the satisfaction or waiver of those conditions at the Closing), if
possible, prior to October 30, 2020. Neither Seller nor Buyer may rely, either as a basis for not consummating the transactions
contemplated by this Agreement or abandoning the transactions contemplated by this Agreement on the failure of any of the Closing
conditions set forth in Article 9 and Article 10 to be satisfied if such failure has been primarily caused by, or
is primarily the result of such Party’s failure to comply with its obligations under this Agreement. For the avoidance of
doubt, title to, ownership of, control over and risk of loss of the Shares shall transfer to Buyer as of the Closing, unless expressly
provided otherwise herein.

 

    	 

    	 

    

 

(b)
Seller Closing Deliverables. At the Closing, Seller shall deliver to Buyer:

 

(i)
a duly executed signature page of Seller to the letter agreement in the form attached hereto as Exhibit A, dated on or prior to
the Closing Date (the “Waiver and Consent Agreement”); provided, however, that notwithstanding anything
to the contrary in this Agreement, Buyer agrees and acknowledges that Seller does not control the Company or Edgar Martinez and
in the event either the Company or Edgar Martinez is unwilling to execute and deliver the Waiver and Consent Agreement, Seller
shall have no liability or Losses to the Buyer or any of its affiliates in the event of Seller’s failure to obtain the Waiver
and Consent Agreement and Seller shall have the right to terminate the Agreement as contemplated in Article 8 (including,
if applicable, pursuant to Section 8(a)(v));

 

(ii)
all original certificate(s) (together with stock powers duly executed in blank), if any, that represent the Shares;

 

(iii)
evidence of resignation of each member of the board of directors of the Company appointed on behalf of Seller; and

 

(iv)
assuming receipt of a mutually reciprocal release in substantially the same form as the Seller Release (as defined below) from
the Company and Edgar Martinez in favor of the Seller Prior Board Members (as defined below), dated effective as of the Closing
Date (the “Reciprocal Release”), a general release substantially in the form attached hereto as Exhibit B from Seller,
dated effective as of the Closing Date, of all claims against the Company and its officers, managers, directors, employees and
affiliates (the “Seller Release”); provided, however, that notwithstanding anything to the contrary
in this Agreement, Buyer agrees and acknowledges that Seller does not control the Company or Edgar Martinez and in the event either
the Company or Edgar Martinez is unwilling to execute and deliver the Reciprocal Release, Seller shall have no liability or Losses
to the Buyer or any of its affiliates in the event of Seller’s failure to obtain the Reciprocal Release and Seller shall
have the right to terminate the Agreement as contemplated in Article 8 (including, if applicable, pursuant to Section
8(a)(v)); and

 

(v)
such other documents or instruments as may be reasonably requested by Buyer to vest in Buyer all right, title and interest in,
to and under the Shares.

 

(c)
Buyer Closing Deliverables. At the Closing, Buyer shall deliver:

 

(i)
the Purchase Price in accordance with Article 2; and

 

(ii)
such other documents or instruments as may be reasonably requested by Seller to vest in Buyer all right, title and interest in,
to and under the Shares.

 

    	2

    	 

    

 

4.
Seller Representations and Warranties. Seller represents and warrants to Buyer, as of each of the Signing Date and the
Closing Date, that:

 

(a)
Organization. Seller is a limited liability company duly organized, validly existing, and in good standing under the laws
of the jurisdiction of its organization. Seller has the limited liability company power to own its properties and to conduct its
business as now being conducted. Seller is duly qualified to do business and is in good standing in each jurisdiction where Seller’s
properties are owned or Seller’s business is conducted.

 

(b)
Authority. Seller has full and all requisite limited liability company power and authority to execute and deliver this
Agreement and to perform its obligations hereunder. Without limiting the generality of the foregoing, Seller has duly authorized
the execution, delivery, and performance of this Agreement by Seller. Assuming due authorization, execution and delivery by the
Buyer, this Agreement shall constitute the valid and legally binding obligation of Seller, enforceable in accordance with its
terms and conditions, except to the extent that its enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium and other laws relating to or affecting creditors’ rights generally and by general equitable principles.

 

(c)
Ownership of the Shares. Seller is the record and beneficial owner of the Shares. The Shares represents all of Seller’s
interest in the Company. Seller has good and valid title to the Shares free and clear of Liens, other than any Liens imposed or
arising on the Shares by applicable securities laws, the Governing Instruments of the Company, this Agreement or created by Buyer.
Except as set forth in the Governing Instruments of the Company, there are no options, warrants, rights, calls, commitments, conversion
rights, rights of exchange or other agreements of any character, contingent or otherwise, to which Seller is a party providing
for the purchase or sale of any of the Shares by any individual, corporation, partnership (including a general partnership, limited
partnership or limited liability partnership), limited liability company, association, trust or other entity or organization,
including a government, domestic or foreign, or political subdivision thereof, or an agency or instrumentality thereof (“Person”),
nor any arrangements to which Seller is a party that require or permit any of the Shares to be voted by or at the discretion of
anyone other than Seller.

 

(d)
No Consents, Approvals, Violations or Breaches. Assuming due authorization, execution and delivery of the Waiver and Consent
Agreement and Reciprocal Release by each of the Company and Edgar Martinez, neither the execution and delivery of this Agreement
by Seller, nor the consummation by Seller of the transactions contemplated hereby, will (i) require any consent, approval, authorization
or permit of, or filing, registration or qualification with or prior notification to, any governmental or regulatory authority
under any law of the United States, any state or any political subdivision thereof applicable to Seller, (ii) violate any statute,
law, ordinance, rule or regulation of the United States, any state or any political subdivision thereof, or any decree, injunction,
judgment, order, award, ruling, assessment or writ by any government or agency, district, bureau, board, commission, court, department,
official, political subdivision, tribunal, taxing authority or other instrumentality of any government, whether federal, state
or local, domestic or foreign, administrative agency, arbitrator or arbitration panel (“Order”) applicable to Seller,
any of its properties or assets, the violation of which would have a material adverse effect upon Seller or any provision of any
of the organizational documents of Seller, or (iii) violate, conflict with, or result in a breach of any provisions of, or constitute
a default (or any event which, with or without due notice or lapse of time or both would constitute a default) under, or result
in the termination of, or accelerate the performance required by, any of the terms, conditions or provisions of any note, bond,
mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which Seller is a party or
by which Seller or any of its properties or assets may be bound which would have a material adverse effect upon Seller.

 

    	3

    	 

    

 

(e)
Consents. Assuming due authorization, execution and delivery of the Waiver and Consent Agreement and Reciprocal Release
by each of the Company and Edgar Martinez and consummation of the obligations set forth in that certain side letter agreement,
dated the date hereof, by and among Seller, Buyer and Edgar Martinez, there are no contracts binding upon Seller, or by which
any of the Shares are bound, requiring a consent, approval, authorization, order or other action of or filing with any Person
as a result of the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated
hereby.

 

(f)
Legal Proceedings. There are no judicial, administrative or arbitral actions, suits, proceedings (public or private) or
governmental proceedings pending or, to the knowledge of Seller, threatened against Seller or any of its assets or properties
which could reasonably be expected to result in the issuance of an Order restraining, enjoining or otherwise prohibiting or making
illegal the performance of any of Seller’s obligations contemplated by this Agreement.

 

(g)
Broker. No Person has acted, directly or indirectly, as a broker, finder or financial advisor for Seller in connection
with the transactions contemplated in this Agreement and no Person is entitled to any fee or commission or like payment from Seller
in respect thereof.

 

(h)
No Other Representations and Warranties. Except for the representations and warranties contained in this Article 4,
none of the Seller, any of its affiliates or any other Person on its behalf, has made or makes any other express or implied guaranty,
representation or warranty, either written or oral, on behalf of the Seller or the Company, including any representation or warranty
as to the accuracy or completeness of any information regarding the Seller or the Company furnished or made available to Buyer
or its representatives, further including any information, documents or materials delivered to or made available to Buyer in any
form or as to the future revenue, profitability or success of the Company or any representation or warranty arising from statute
or otherwise in law.

 

5.
Buyer Representations and Warranties. Buyer represents and warrants to Seller, as of each of the Signing Date and the Closing
Date, that:

 

(a)
Organization. Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction
of its incorporation. Buyer has the corporate power to own its properties and to conduct its business as now being conducted.
Buyer is duly qualified to do business and is in good standing in each jurisdiction where Buyer’s properties are owned or
Buyer’s business is conducted.

 

    	4

    	 

    

 

(b)
Authority. Buyer has full and all requisite corporate power and authority to execute and deliver this Agreement and to
perform its obligations hereunder. Without limiting the generality of the foregoing, Buyer has duly authorized the execution,
delivery, and performance of this Agreement by Buyer. Assuming due authorization, execution and delivery by the Seller, this Agreement
shall constitute the valid and legally binding obligation of Buyer, enforceable in accordance with its terms and conditions, except
to the extent that its enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and other
laws relating to or affecting creditors’ rights generally and by general equitable principles.

 

(c)
No Consents, Approvals, Violations or Breaches. Neither the execution and delivery of this Agreement by Buyer, nor the
consummation by Buyer of the transactions contemplated hereby, will (i) require any consent, approval, authorization or permit
of, or filing, registration or qualification with or prior notification to, any governmental or regulatory authority under any
law of the United States, any state or any political subdivision thereof applicable to Buyer, (ii) violate any statute, law, ordinance,
rule or regulation of the United States, any state or any political subdivision thereof, or any Order applicable to Buyer, any
of its properties or assets, the violation of which would have a material adverse effect upon Buyer or any provision of any of
the organizational documents of Buyer, or (iii) violate, conflict with, or result in a breach of any provisions of, or constitute
a default (or any event which, with or without due notice or lapse of time or both would constitute a default) under, or result
in the termination of, or accelerate the performance required by, any of the terms, conditions or provisions of any note, bond,
mortgage, indenture, deed of trust, license, lease, agreement or other instrument or obligation to which Buyer is a party or by
which Buyer or any of its properties or assets may be bound which would have a material adverse effect upon Buyer.

 

(d)
Legal Proceedings. There are no judicial, administrative or arbitral actions, suits, proceedings (public or private) or
governmental proceedings pending or, to the knowledge of Buyer, threatened against Buyer or any of its assets or properties which
could reasonably be expected to result in the issuance of an Order restraining, enjoining or otherwise prohibiting or making illegal
the performance of any of Buyer’s obligations contemplated by this Agreement.

 

(e)
Broker. No Person has acted, directly or indirectly, as a broker, finder or financial advisor for Buyer in connection with
the transactions contemplated in this Agreement and no Person is entitled to any fee or commission or like payment from Buyer
in respect thereof.

 

(f)
Investment. The Shares are being acquired by Buyer for investment only and not with a view to, or offer or sale in connection
with, any public distribution thereof. Buyer acknowledges that the Shares have not been registered under any federal or state
securities or “blue sky” Laws and may not be sold, transferred, offered for sale, pledged, hypothecated or otherwise
disposed of without registration under the Securities Act of 1933, as amended (the “Securities Act”), and any comparable
applicable state or foreign law, except pursuant to an exemption from such registration available under the Securities Act (and
such comparable state or foreign law). Buyer is (1) an “accredited investor” (as such term is defined in Rule 501
of Regulation D of the Securities Act), (2) able to bear the economic risk of holding the Shares for an indefinite period (including
total loss of its investment), and (3) has sufficient knowledge and experience in financial and business matters so as to be capable
of evaluating the merits and risk of its investment.

 

    	5

    	 

    

 

(g)
Solvency. Buyer has (or will have as of the Closing Date) sufficient cash on hand or other sources of immediately available
funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement. Immediately
after giving effect to the transactions contemplated hereby, each of Buyer and its subsidiaries, shall be solvent and shall (i)
be able to pay its debts as they become due; (ii) own property that has a fair saleable value greater than the amounts required
to pay its debts (including a reasonable estimate of the amount of all contingent liabilities); and (iii) have adequate capital
to carry on its business. Buyer is neither transferring any property nor incurring any obligation in connection with the transactions
contemplated by this Agreement with the intent to hinder, delay or defraud either present or future creditors of any of (i) Buyer
or any of its subsidiaries, (ii) Seller or (iii) the Company. In connection with the transactions contemplated hereby, Buyer has
not incurred, nor plans to incur, debts beyond its ability to pay as they become absolute and matured.

 

(h)
Independent Investigation. Buyer has conducted its own independent investigation, review and analysis of the business,
its results of operations, prospects, condition (financial or otherwise) or assets of the Company, and acknowledges that it has
been provided adequate access to the personnel, properties, assets, premises, books and records, and other documents and data
of Seller and the Company for such purpose. Buyer acknowledges and agrees that (i) in making its decision to enter this Agreement
and to consummate the transactions contemplated hereby, Buyer has relied solely upon its own investigation and express representations
and warranties of Seller set forth in Article 4 of this Agreement, and (ii) none of Seller, any of its Affiliates or any
other Person has made any representation or warranty as to the Seller (or the Company under this Agreement), except as expressly
set forth in Article 4 of this Agreement.

 

(i)
No Other Representations and Warranties. Except for the representations and warranties contained in this Article 5,
none of the Buyer, any of its affiliates or any other Person on its behalf, has made or makes any other express or implied guaranty,
representation or warranty, either written or oral, on behalf of the Buyer, including any representation or warranty as to the
accuracy or completeness of any information regarding the Buyer furnished or made available to Seller or its representatives,
further including any information, documents or materials delivered to or made available to Seller in any form or any representation
or warranty arising from statute or otherwise in law.

 

6.
Director and Officer Indemnification and Insurance.

 

(a)
Buyer agrees that all rights to indemnification, advancement of expenses and exculpation by the Company now existing in favor
of each of Jason Conley and Jeff Weiner (collectively, “Seller Prior Board Members”), in their capacity as directors
of the board of directors of the Company prior to the Closing Date, as provided in the Governing Instruments of the Company, in
each case as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date hereof, shall
survive the Closing Date and shall continue in full force and effect in accordance with their respective terms.

 

(b)
In the event Buyer, the Company or any of their respective successors or permitted assigns (i) consolidates with or merges into
any other Person and shall not be the continuing or surviving corporation or entity in such consolidation or merger or (ii) transfers
all or substantially all of its properties and assets to any Person, then, and in either such case, proper provision shall be
made so that the successors and assigns of Buyer or the Company, as the case may be, shall assume all of the obligations set forth
in this Article 6.

 

    	6

    	 

    

 

7.
Indemnification.

 

(a)
Indemnification of Buyer. Subject to the terms and limitations in this Article 7, as of and after the Closing, Seller
agrees to indemnify and hold harmless Buyer and each of its directors, officers, employees, stockholders, attorneys and agents
(the “Buyer Indemnitees”), against and in respect of any and all out-of-pocket loss, cost, payments, demand, penalty,
forfeiture, expense, liability, judgment, deficiency or damage, and diminution in value or claim (including actual costs of investigation
and attorneys’ fees and other costs and expenses) (all of the foregoing collectively, “Losses”) incurred or
sustained by any Buyer Indemnitee as a result of or in connection with any breach, inaccuracy or nonfulfillment or the alleged
breach, inaccuracy or nonfulfillment of any of the representations, warranties and covenants of Seller contained herein.

 

(b)
Indemnification of Seller. Subject to the terms and limitations in this Article 7, as of and after the Closing,
Buyer agrees to indemnify and hold harmless Seller and each of its members, managers, officers, employees, attorneys and agents
(the “Seller Indemnitees”) against and in respect of any Losses incurred or sustained by Seller Indemnitee as a result
of or in connection with (i) any breach, inaccuracy or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of any
of the representations, warranties and covenants of Buyer contained herein or (ii) the Assumed Liabilities. For purposes of this
Agreement, “Assumed Liabilities” means, assuming the consummation of the Closing as contemplated hereunder, any and
all Losses, arising out of, incurred in connection with or attributable to the ownership (direct or indirect) of the Shares at
any time prior to, on or after the Closing; provided, however, that notwithstanding anything to the contrary in this definition,
Assumed Liabilities shall exclude any Losses for which Seller has an indemnification obligation under Section 7(a) of this
Agreement.

 

(c)
Procedures.

 

(i)
In the event that any Party shall claim that it is entitled to be indemnified pursuant to the terms of this Agreement, it (the
“Claiming Party”) shall provide written notice of such claim (a “Claim Notice”) to the other Party against
which the claim is made (the “Indemnifying Party”) as promptly as reasonably practicable after confirmation of the
facts supporting the claim or receipt of a written notice of any claim of a third party (a “Third Party Claim”), that
may reasonably be expected to result in a claim by such third party against the Party to which such notice is given, as the case
may be. A Claim Notice shall describe the claim or Third Party Claim in reasonable detail, shall include copies of all material
written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may
be sustained by the Claiming Party. The omission or delay of any Claiming Party to provide a Claim Notice to any Indemnifying
Party shall not relieve the Indemnifying Party from any liability, which it may have to such Claiming Party unless, and only to
the extent that, such failure, omission or delay results in the forfeiture by the Indemnifying Party of substantive rights or
defenses. Notwithstanding anything to the contrary in the foregoing, Seller shall not have any obligation to indemnify Buyer with
respect to a matter if Buyer fails to deliver a Claim Notice for such matter before the expiration of the applicable survival
period set forth in Section 7(f)(ii).

 

    	7

    	 

    

 

(ii)
The Indemnifying Party shall, upon receipt of written notice of a Third Party Claim and at its expense, defend such claim in its
own name or, if necessary, in the name of the Claiming Party. The Claiming Party shall cooperate with and make available to the
Indemnifying Party such assistance and materials as may be reasonably requested of the Claiming Party, and the Claiming Party
shall have the right, at its expense, to participate in the defense of a Third Party Claim, subject to the Indemnifying Party’s
right to control the defense thereof. The Indemnifying Party shall have the right to settle and compromise any such claim with
respect to which it controls the defense (i) without the consent of the Claiming Party if it obtains an unconditional general
release for the benefit of the Claiming Party, and (ii) with the consent of the Claiming Party, which consent shall not be unreasonably
withheld in all other circumstances. In the event the Indemnifying Party shall fail or not have the right to assume the defense
required hereunder, or shall notify the Claiming Party that it shall refuse to conduct a defense against a Third Party Claim,
then the Claiming Party shall have the right to conduct a defense against such claim and shall have the right to settle and compromise
such claim without the consent of the Indemnifying Party. Once the amount of such claim is liquidated and the claim is finally
determined, the Claiming Party shall be entitled to pursue each and every remedy available to it at law or in equity to enforce
the indemnification provisions of this Agreement.

 

(d)
Payment of Indemnification. Any payments by Seller to a Buyer Indemnitee will be treated by the Parties as an adjustment
to the Purchase Price for tax purposes, unless otherwise required by applicable law.

 

(e)
Survival of Covenants and Indemnification Obligations. (i) None of the covenants of each of Seller and Buyer set forth
in this Agreement shall survive the Closing Date other than those which by their terms contemplate performance after the Closing
Date, and each such other surviving covenants shall survive the Closing for the period contemplated by its terms, and (ii) the
representations and warranties of each of Seller and Buyer set forth in this Agreement shall survive the Closing until the eighteen
(18) month anniversary of the Closing, except in the case of certain representations and warranties of Seller and Buyer that survive
the Closing indefinitely as set forth in Section 7(f)(ii). The indemnification to which any Claiming Party is entitled
from the Indemnifying Party pursuant to Section 7(a) or Section 7(b) for Losses shall be effective so long as it
is asserted prior the expiration of the applicable survival period for such matter.

 

(f)
Certain Limitations. Notwithstanding anything to the contrary in this Article 7:

 

(i)
The total payments made by Seller to Buyer Indemnitees with respect to Losses shall not exceed the Purchase Price actually paid
to Seller.

 

(ii)
The representations and warranties of Seller and Buyer shall survive until the eighteen (18) month anniversary of the Closing;
provided, that, notwithstanding anything to the contrary in the foregoing, with respect to (A) the representations and warranties
of Seller set forth in each of Section 4(a) (Organization), Section 4(b) (Authority), Section 4(c) (Ownership
of the Shares), and Section 4(h) (No Other Representations and Warranties) shall survive the Closing indefinitely, and
(B) the representations and warranties of Buyer set forth in each of Section 5(a) (Organization), Section 5(b) (Authority),
Section 5(f) (Investment), Section 5(g) (Solvency), Section 5(h) (Independent Investigation) and Section
5(i) (No Other Representations and Warranties), shall survive the Closing indefinitely.

 

    	8

    	 

    

 

(iii)
Payments made by an Indemnifying Party pursuant to Section 7(a) or Section 7(b) in respect of any Losses shall be
limited to the amount of any liability or damage that remains after deducting therefrom any insurance proceeds and any indemnity,
contribution or other similar payment actually received by the Claiming Party in respect of any such claim. The Claiming Party
shall use its commercially reasonable efforts to recover under insurance policies or indemnity, contribution or other similar
agreements for any losses prior to seeking indemnification under this Agreement.

 

(iv)
In no event shall any Indemnifying Party be liable to any Claiming Party for any punitive, incidental, consequential, special
or indirect damages, including lost profits, loss of future revenue or income, loss of business reputation or opportunity relating
to the breach or alleged breach of this Agreement, or diminution of value or any damages based on any type of multiple (other
than indemnification for amounts paid or payable to third parties in respect of any Third Party Claim for which indemnification
hereunder is otherwise required).

 

(v)
In no event shall either Buyer, on the one hand, or Seller, on the other hand, be entitled to duplicate compensation with respect
to any claims or any breach of representation, warranty or covenants herein asserted under the terms of this Agreement, even though
such claim or breach may be addressed by more than one provision of this Agreement.

 

(vi)
Seller shall not be liable under this Article 7 for any Losses based upon or arising out of any inaccuracy in or breach
of any of the representations or warranties of Seller contained in this Agreement if Buyer had actual knowledge of such inaccuracy
or breach prior to the Closing.

 

(g)
Exclusive Remedies. Subject to Article 17, each of the Parties acknowledges and agrees that their sole and exclusive
remedy with respect to any and all claims (other than claims arising from Fraud on the part of a Party in connection with the
transactions contemplated by this Agreement) for any breach of any representation, warranty or covenant set forth herein or otherwise
relating to the subject matter of this Agreement, shall be pursuant to the indemnification provisions set forth in this Article
7. “Fraud” means actual Delaware common law fraud committed by a Party to this Agreement with the intent to deceive
with respect to the representations and warranties made by such Party in Section 4 or Section 5 of this Agreement, as the case
may be, and upon which such other Party has reasonably relied (and does not include any fraud claim based on constructive knowledge,
equitable fraud, negligent misrepresentation, recklessness or a similar theory). In furtherance of the foregoing, each Party hereby
waives, to the fullest extent permitted under applicable law, any and all rights, claims and causes of action for any breach of
any representation, warranty or covenant set forth herein or otherwise relating to the subject matter of this Agreement it may
have against the other Party and their affiliates and each of their respective representatives arising under or based upon any
applicable law, except pursuant to the indemnification provisions set forth in this Article 7. Nothing in this Article
7 shall limit any Person’s right to seek and obtain any equitable relief to which any Person shall be entitled pursuant
to Article 17 or to seek any remedy on account of Fraud by any Party.

 

    	9

    	 

    

 

8.
Termination.

 

(a)
This Agreement may be terminated at any time prior to the Closing:

 

(i)
by the mutual written consent of Seller and Buyer;

 

(ii)
by Buyer by written notice to Seller if 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, or covenant made by Seller pursuant to this Agreement
that would give rise to the failure of any of the conditions specified in Article 9 and such breach, inaccuracy or failure
has not been cured by Seller within ten days of Seller’s receipt of written notice of such breach from Buyer, 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;

 

(iii)
by Seller by written notice to Buyer if 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, or covenant made by Buyer pursuant to this Agreement
that would give rise to the failure of any of the conditions specified in Article 10 and such breach, inaccuracy or failure
has not been cured by Buyer within ten days of Buyer’s receipt of written notice of such breach from Seller, 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 it prior to the Closing;

 

(iv)
by Buyer or Seller in the event that there shall be any law that makes consummation of the transactions contemplated by this Agreement
illegal or otherwise prohibited or any Order restraining or enjoining the transactions contemplated by this Agreement; or

 

(v)
by Seller, if the Closing shall not have occurred on or before October 30, 2020.

 

(b)
In the event of the termination of this Agreement in accordance with Section 8(a), (i) this Agreement shall forthwith become
void, (ii) neither Party shall have any right or remedy against the other Party as a result of such termination and (iii) there
shall be no liability on the part of any Party to the other Party, except, in each case, (1) as set forth in this Article 8
and Article 12 hereof; and (2) that nothing herein shall relieve any Party from liability for any willful breach of
any provision hereof.

 

    	10

    	 

    

 

9.
Conditions to Buyer’s Obligations. The obligations of Buyer under this Agreement to close the transactions contemplated
hereunder as of the Closing shall be subject to the satisfaction, or waiver by Buyer, of each of the following conditions:

 

(a)
The representations and warranties of Seller contained in Article 4 shall be true and correct in all respects as of the
Closing Date with the same effect as through made at and as of such date (except those representations and warranties that address
matters only as of a specified date, which shall be true and correct in all respects as of that specified date);

 

(b)
Seller shall have performed and complied in all material respects with all covenants, agreements, obligations and conditions required
by this Agreement to be performed or complied with by Seller on or prior to the Closing Date;

 

(c)
No Order shall have been issued which is in effect and has the effect of making the transactions contemplated by this Agreement
illegal or otherwise restraining or prohibiting consummation of such transactions;

 

(d)
Seller shall have delivered to Buyer the executed documents as provided in Section 3(b), and to the extent applicable,
in the forms attached as Exhibits hereto; and

 

(e)
Buyer shall be reasonably satisfied that the Waiver and Consent Agreement has been duly authorized, delivered and executed by
each of the parties to the Investors Agreement.

 

10.
Conditions to Seller’s Obligations. The obligations of Seller under this Agreement to close the transactions contemplated
hereunder as of the Closing shall be subject to the satisfaction, or waiver by Seller, of each of the following conditions:

 

(a)
The representations and warranties of Buyer contained in Article 5 shall be true and correct in all respects as of the
Closing Date with the same effect as through made at and as of such date (except those representations and warranties that address
matters only as of a specified date, which shall be true and correct in all respects as of that specified date);

 

(b)
Buyer shall have performed and complied in all material respects with all covenants, agreements, obligations and conditions required
by this Agreement to be performed or complied with by Buyer on or prior to the Closing Date;

 

(c)
No Order shall have been issued which is in effect and has the effect of making the transactions contemplated by this Agreement
illegal or otherwise restraining or prohibiting consummation of such transactions;

 

(d)
Buyer shall have delivered to Seller the executed documents as provided in Section 3(c), and to the extent applicable,
in the forms attached as Exhibits hereto; and

 

(e)
Seller shall be reasonably satisfied that each of (i) the Waiver and Consent Agreement, and (ii) the Reciprocal Release, has been
duly authorized, delivered and executed by each of the other parties thereto.

 

    	11

    	 

    

 

11.
CERTAIN DISCLAIMERS. NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY AND EXCEPT FOR THOSE REPRESENTATIONS
AND WARRANTIES EXPRESSLY SET FORTH IN ARTICLE 4 AND ARTICLE 5, IT IS THE EXPLICIT INTENT OF EACH OF THE PARTIES,
AND THE PARTIES HEREBY AGREE, THAT NEITHER PARTY, NOR ANY OF ITS AFFILIATES NOR ANY OF ITS REPRESENTATIVES HAVE MADE OR ARE MAKING
ANY GUARANTY, REPRESENTATION OR WARRANTY WHATSOEVER, EXPRESS OR IMPLIED, WHETHER AT LAW OR IN EQUITY, WRITTEN OR ORAL WITH RESPECT
TO (I) SELLER, ITS AFFILIATES OR ITS REPRESENTATIVES, THE SHARES, THE COMPANY OR ANY OF THE ASSETS OR LIABILITIES OF THE COMPANY,
(II) THE BUYER, ITS AFFILIATES OR REPRESENTATIVES, OR (III) THE ACCURACY OR COMPLETENESS OF THE INFORMATION, RECORDS, AND DATA
(INCLUDING ANY ESTIMATES, PROJECTIONS OR OTHER FORECASTS OR PLANS RELATING THERETO) DELIVERED OR MADE AVAILABLE TO A PARTY OR
ITS REPRESENTATIVES) IN CONNECTION WITH THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT (INCLUDING ANY DESCRIPTION OF THE COMPANY
OR ANY OF THE ASSETS OR LIABILITIES OF THE COMPANY, OR ANY OTHER INFORMATION FURNISHED OR DISCLOSED TO A PARTY OR ITS REPRESENTATIVES
BY THE PARTY, ITS AFFILIATES OR ITS REPRESENTATIVES) AND ANY SUCH OTHER PURPORTED REPRESENTATIONS OR WARRANTIES ARE HEREBY EXPRESSLY
DISCLAIMED. THE PROVISIONS CONTAINED IN THIS AGREEMENT ARE THE RESULT OF EXTENSIVE NEGOTIATIONS AMONG THE BUYER AND THE SELLER
AND, EXCEPT AS EXPRESSLY SET FORTH IN ARTICLE 4 AND ARTICLE 5, NO OTHER ASSURANCES, REPRESENTATIONS OR WARRANTIES
ABOUT THE QUALITY, CONDITION, OR STATE OF THE SHARES, THE COMPANY OR ANY OF THE ASSETS OR LIABILITIES OF, THE COMPANY ARE OR WERE
MADE BY SELLER, ITS AFFILIATES OR ITS REPRESENTATIVES IN THE INDUCEMENT THEREOF. BUYER ACKNOWLEDGES AND AGREES (I) IT HAS NOT
EXECUTED OR AUTHORIZED THE EXECUTION OF THIS AGREEMENT IN RELIANCE UPON ANY SUCH PROMISE, GUARANTY, REPRESENTATION OR WARRANTY
NOT EXPRESSLY SET FORTH HEREIN AND (II) IT TAKES FULL RESPONSIBILITY FOR MAKING ITS OWN EVALUATION AS TO THE ADEQUACY AND ACCURACY
OF ANY ESTIMATES, PROJECTIONS AND FORECASTS RELATING TO THE SHARES, THE COMPANY AND ANY ASSETS OR LIABILITIES OF THE COMPANY.

 

12.
Expenses. Except as otherwise expressly provided herein, all costs and expenses, including fees and disbursements of counsel,
financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall
be paid by the Party incurring such costs and expenses.

 

    	12

    	 

    

 

13.
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 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 Article 13):

 

If
to Seller, to:

 

c/o
CW Merchandize Liquidators, LLC

4100
Island Boulevard, #1804

Aventura,
FL 33160

Attention:
Jeff Weiner and Jason Conley

Email:
dogprivate29@yahoo.com

Email:
jconley@weiconcapital.com

 

with
a copy (which shall not constitute notice) to:

 

Hunton
Andrews Kurth LLP

600
Travis St., Suite 4200

Houston,
Texas 77002

Attention:
Jordan Hirsch

Email:
jordanhirsch@HuntonAK.com

 

If
to Buyer, to:

 

Eric
Blue

Bridgeway
National Corp.

1015
15th Street NW, Suite 1030

Washington,
DC 20005

Attention:
Eric Blue

eric.blue@bridgewaynational.com

 

with
a copy (which shall not constitute notice) to:

 

Loeb
& Loeb LLP

345
Park Avenue

New
York, NY 10154

Attention:
Ronelle Porter

Email:
rporter@loeb.com

 

14.
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;
(c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder”
refer to this Agreement as a whole; and (d) all references to “$,” “Dollars” and “dollars”
in this Agreement are to United States dollars. Unless the context otherwise requires, references herein: (i) to Articles, Sections
and Exhibits mean the Articles and Sections of, and Exhibits attached to, this Agreement; (ii) 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 (iii) 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.

 

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15.
Severability. Whenever possible, each provision or part thereof of this Agreement shall be interpreted in such manner as
to be valid and effective under applicable law, but in the event that any part of this Agreement is declared by any court or other
judicial or administrative body of competent jurisdiction to be null, void, illegal or unenforceable, said provision shall survive
to the extent it is not so declared, and all of the other provisions or parts thereof of this Agreement shall remain in full force
and effect, and any such null, void, illegal or unenforceable provision or part thereof shall be reformed to the minimum extent
required to render such provision or part thereof valid, legal and enforceable and in a manner so as to preserve the economic
and legal substance of the transactions contemplated by this Agreement to the fullest extent permitted by applicable law.

 

16.
No Third Party Beneficiary. Except as provided in Article 6 or Article 7, this Agreement is for the sole
benefit of the Parties 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.

 

17.
Specific Performance. Each of the Parties agree that irreparable damage would occur if any provision of this Agreement
were not performed in accordance with the terms hereof and monetary damages may not be a sufficient remedy. Accordingly, each
of the Parties agrees that the Parties shall be entitled to specific performance of the terms hereof, in addition to any other
remedy to which they are entitled at law or in equity.

 

18.
Further Assurances. Following the Closing, each of the Parties 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 transactions contemplated by this Agreement.

 

19.
Entire Agreement. This Agreement constitutes the entire understanding of the parties relating to the subject matter hereof
and supersedes all prior agreements and understandings, whether oral or written.

 

20.
No Waiver. The waiver by any Party of the breach of any of the terms and conditions of, or any right under, this Agreement
shall not be deemed to constitute the waiver of any other breach of the same or any other term or condition or of any similar
right. No such waiver shall be binding or effective unless expressed in writing and signed by each Party.

 

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21.
Benefit; Assignment. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective
successors and permitted assigns. Neither Party may assign its rights or obligations hereunder without the prior written consent
of the other Party, which shall not be unreasonably withheld or delayed. No assignment shall relieve the assigning Party of any
of its obligations hereunder. In the event Buyer or any subsequent (direct or indirect) assignee of Buyer assigns this Agreement
or any of its rights or interests under Article 7 of this Agreement to a third party pursuant to the terms hereof, Buyer
or its subsequent assignee, as applicable, shall no longer have any rights to make a claim for indemnification under Article
7 following such assignment. Any purported assignment in violation of this Article 21 shall be voidable at the option
of the non-assigning Party.

 

22.
Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL.

 

(a)
This Agreement, and any claim, counter-claim, controversy or dispute arising under or in connection with this Agreement, shall
be governed by and construed in accordance with the laws of the State of Delaware without regard to any conflict or choice of
laws principles that may direct application of laws of another jurisdiction.

 

(b)
Each of the Parties irrevocably elects as the sole judicial forum for the adjudication of any matters arising under or in connection
with this Agreement, and consent to the jurisdiction of, the courts of the State of Delaware or the United States of America in
the State of Delaware.

 

(c)
EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED
AND DIFFICULT ISSUES AND, THEREFORE, EACH 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 OR THE TRANSACTIONS CONTEMPLATED HEREBY. 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 ARTICLE 22.

 

23.
Acknowledgement and Waiver of Post-Closing Attorney-Client Privilege. Each of the Parties acknowledges that Seller has
retained Hunton Andrews Kurth LLP (“HAK”) to act as its counsel in connection with the transactions contemplated hereby
and that HAK has not acted as counsel for any other Person in connection with the transactions contemplated hereby for conflict
of interest or any other purposes. The Buyer agrees that any attorney-client privilege and the expectation of client confidence
attaching as a result of HAK’s representation of Seller or any of its affiliates related to the preparation for, and negotiation
and consummation of, the transactions contemplated by this Agreement, including all communications among HAK and Seller or its
affiliates in preparation for, and negotiation and consummation of, the transactions contemplated by this Agreement (collectively
“Deal Communications”), shall survive the Closing and shall be deemed to be retained and owned collectively by Seller,
shall be controlled by Seller and shall not pass to or be claimed by the Buyer or the Company, without Seller’s prior written
consent, which may be withheld in its sole discretion. Buyer hereby releases any of its rights and interests to and in the Deal
Communications, and neither Buyer nor the Company shall have access to any Deal Communications, unless approved by such Seller
in its sole discretion. Buyer agrees that, notwithstanding any current or prior representation of Seller by HAK, HAK shall be
allowed to represent Seller and any of their respective affiliates in any matters and disputes adverse to any of the Buyer or
the Company that either is existing on the date hereof or arises in the future and relates to this Agreement and the transactions
contemplated hereby, and Buyer hereby waives any conflicts or claim of privilege that may arise in connection with such representation.
Further, Buyer agrees that, in the event that a dispute arises after Closing between Buyer or its affiliates, on the one hand,
and Seller or any of its affiliates, HAK may represent Seller or any of its affiliates in such dispute even though the interests
of such Seller or its respective affiliates may be directly adverse to Buyer or any of their respective affiliates.

 

    	15

    	 

    

 

24.
Non-Recourse. This Agreement may only be enforced against, and any claim, action, suit or other legal proceeding based
upon, arising out of, or related to this Agreement, or the negotiation, execution or performance of this Agreement, may only be
brought against the entities that are expressly named as Parties and then only with respect to the specific obligations set forth
herein with respect to such Party. No past, present or future director, officer, employee, incorporator, manager, member, partner,
stockholder, affiliate, agent, attorney or other representative of any Party or of any affiliate of any Party, or any of their
successors or permitted assigns, shall have any liability for any obligations or liabilities of any Party under this Agreement
or for any claim or dispute based on, in respect of or by reason of the transactions contemplated hereby.

 

25.
Amendments and Modification. This Agreement may not be amended or supplemented at any time unless by a writing executed
by both of the Parties.

 

26.
Headings. The headings in this Agreement are solely for convenience or reference and shall not affect its interpretation.

 

27.
Counterparts; Facsimile. This Agreement may be executed in any number of counterparts, each of which when so executed shall
be deemed to be an original and all of which taken together shall constitute one and the same instrument. This Agreement or any
counterpart may be executed via facsimile or other electronic transmission (including portable document format (*pdf)), and any
such executed facsimile or electronic copy shall be treated as an original.

 

28.
Time of Essence. With regard to all rights and obligations of the Parties and all dates and time periods set forth or referred
to in this Agreement, time is of the essence.

 

[Signature
Page Follows]

 

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IN
WITNESS WHEREOF, this Agreement has been signed by the parties on the day and year first above written.

 

	 	SELLER:
	 	 
	 	CW
    Merchandize Liquidators, LLC
	 	 
	 	By:
    	            
	 	Name:	 
	 	Title:	 

 

	 	BUYER:
	 	 
	 	Bridgeway
    National Corp.
	 	 
	 	By:	            
	 	Name:	 
	 	Title:	 

 

    	17

    	 

    

 

Execution
Version

 

EXHIBIT
A

 

WAIVER
AND CONSENT AGREEMENT

 

    	 

    	 

    

 

Execution
Version

 

EXHIBIT
B

 

RELEASE

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