Document:

THE
SECURITIES BEING SUBSCRIBED FOR PURSUANT TO THIS SUBSCRIPTION AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR COUNTRY. THE SECURITIES MAY NOT BE SOLD
OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT AND SUCH
STATE LAWS AS MAY BE APPLICABLE, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.
ADDITIONAL RESTRICTIONS ON TRANSFER OF THE SECURITIES ARE SET FORTH IN THIS SUBSCRIPTION AGREEMENT.

 

SUBSCRIPTION
AGREEMENT

 

Class-B
Preferred LLC Memberships of Seasons Creek Development LLC

 

THIS
SUBSCRIPTION AGREEMENT (“this Agreement”), dated as of October 19, 2016, by and between Seasons Creek
Development LLC, a Virginia limited liability company (“Company”), with registered address at 500 Buren
Street, Hopewell, VA 23860, and the subscriber identified on the signature page hereto (the “Subscriber”).

 

WHEREAS,
the Company and the Subscriber are executing and delivering this Agreement in reliance upon an exemption from securities registration
afforded by, among others, the provisions of Section 4(2), Section 4(6), Regulation D as promulgated by the United States Securities
and Exchange Commission (the “SEC”) under the Securities Act (“Regulation D”) and/or Regulation
S as promulgated by the SEC under the Securities Act (“Regulation S”);

 

WHEREAS,
the Company is seeking to sell up to 65 units aggregating Class-B Preferred LLC Membership Interests (“Units”
or “Securities”) at an aggregate purchase price of Three Million two hundred fifty thousand ($3,250,000) U.S.
dollars (the “Maximum Offering”) with each Unit priced at Fifty Thousand ($50,000) U.S. dollars (the “Offering
Price”) in a private placement offering (the “Offering”) as more specifically described in the Confidential
Private Offering Memorandum dated July 1, 2016 and the exhibits attached thereto (“Offering Documents”);

 

WHEREAS,
the Subscriber is seeking to purchase 10 Units at an aggregate purchase price of Five Hundred Thousand ($500,000) U.S. dollars,
in the Offering;

 

WHEREAS,
the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the
Subscriber, and the Subscriber shall purchase, the number of Securities set forth on the signature page hereto,

 

    	 		 

    	 		 

    

 

NOW,
THEREFORE, in consideration of the mutual promises and covenants contained herein and for the other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:

 

1.
Subscription For Securities.

 

(a)
Purchase and Sale of the Securities. Subject to the terms and conditions of this Subscription Agreement and in reliance
upon the representations and warranties of the respective parties contained herein and any other documents or agreements executed
in connection with the transactions contemplated hereunder (“Transaction Documents”), on the Closing Date (defined
hereunder), the Company agrees to irrevocably sell to the Subscriber, and the Subscriber irrevocably subscribes for and agrees
to purchase from the Company the Securities, in the amount set forth on the signature page hereto.

 

(b)
Delivery. The Company shall deliver the certificates representing the Units purchased by the Subscriber to the Subscriber
within 30 calendar days upon acceptance by the Company of the Subscriber as a purchaser of the Units and the other conditions
to closing having been satisfied or waived.

 

(c)
Closing Date. The “Closing Date” shall be the day on which the investment proceeds have been received
by the Company after this Subscription Agreement has been executed and delivered by the Subscriber, and all conditions precedent
to the parties’ obligations under this Subscription Agreement have been satisfied or waived, including the delivery by the
Subscriber of the appropriate Confidential Investor Qualification Questionnaire attached to the Company’s Private Placement
Memorandum dated July 1, 2016 as Exhibit B. The Company may have multiple Closing Dates to coincide with closing for one
or several Subscribers.

 

(d)
Acknowledgement. By executing this Agreement, the Subscriber acknowledges that (i) the Subscriber has been informed
of and reviewed various matters relating to the Company, including but not limited to, the risk factors set forth in the Offering
Documents, and (ii) that the Subscriber is either (x) an “accredited investor” as such term is defined in Rule 501
of Regulation D or (y) a non-“U.S. Person” as such term is defined in Rule 902 of Regulation S and the Subscriber
is not acquiring the Units for the account or benefit of any “U.S. person.” The definitions of “accredited investor”
and “U.S. Person” are set forth in the Offering Documents under the section entitled “Suitability of Investment”
and Subscriber has received and shall deliver to the Company the Confidential Investor Qualification Questionnaire.

 

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2.
Transfer Restrictions.

 

(a)
General. The Subscriber represents that he/she/it understands that the sale or transfer of the Securities are restricted
and that:

 

(i)
No Registration. The Securities have not been registered under the Securities Act or the laws of any other jurisdiction
by reason of a specific exemption or exemptions from registration under the Securities Act and applicable state or international
securities laws, and that the Company’s reliance on such exemptions is predicated on the accuracy and completeness of the
Subscriber’s representations, warranties, acknowledgments and agreements herein. The Securities cannot be sold or transferred
by the Subscriber unless subsequently registered under applicable law or an exemption from registration is available. The Company
is not required to register the Securities or to make any exemption from registration available;

 

(ii)
Opinion. The right to sell or transfer any of the Securities will be restricted as described in this Agreement which
include restrictions against sale or transfer in violation of applicable securities laws, the requirement that an opinion of counsel
be furnished that any proposed sale or transfer will not violate such laws and other restrictions and requirements;

 

(iii)
No Public Market. There is no public market for the Securities and no assurance that such public market will ever
develop. Accordingly, the Subscriber may not be able to sell the Securities, and the Subscriber must be able to bear the economic
risk of the Subscriber’s investment in the Securities for an indefinite period of time.

 

(b)
Sale Requirements. The Subscriber agrees that he/she/it will not offer to sell, sell or transfer the Securities or
any part thereof or interest therein without registration under the Securities Act and applicable state or international securities
laws or without providing to the Company an opinion of counsel acceptable to the Company that such offer, sale or transfer is
exempt from registration under the Securities Act and under applicable state or international securities laws or otherwise in
violation of this Subscription Agreement.

 

(c)
Legend. The Subscriber acknowledges that the certificates representing the Securities, if issued by the Company, will
bear the following legend:

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES
LAWS OF ANY STATE OR COUNTRY. THE SECURITIES MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF WITHOUT AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER ANY APPLICABLE STATE OR INTERNATIONAL
SECURITIES LAWS OR AN OPINION OF COUNSEL FOR THE COMPANY THAT THE PROPOSED TRANSACTION WILL BE EXEMPT FROM SUCH REGISTRATION.”

 

    	3 

    	 

    

 

(d)
Stop Order. The Subscriber further acknowledges that the Company reserves the right to place a stop order against the
certificate representing the Securities and to refuse to effect any transfers thereof in the absence of an effective registration
statement with respect to the Securities or in the absence of an opinion of counsel to the Company that such transfer is exempt
from registration under the Securities Act and under applicable state or international securities laws.

 

3.
Subscriber Representations and Warranties as to Suitability Standards. The Subscriber hereby represents and warrants
that:

 

(a)
Investment Decision and Experience. The Subscriber and the Subscriber’s advisors (which advisors do not include
the Company or its principals, representatives or counsel) have such knowledge and experience in legal, financial and business
matters as to be capable of utilizing the information made available by the Company to evaluate the merits and risks of and to
make an informed investment decision with respect to the proposed purchase, which represents a speculative investment. The Subscriber
is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities
of United States companies in private placements in the past.

 

(b)
Own Account. The Subscriber is acquiring the Securities for the Subscriber’s own account, not on behalf of other
persons, and for investment purposes only and not with a view toward resale or distribution, transfer, assignment, resale or subdivision
of Securities. The Subscriber understands that, due to the restrictions referred to in Section 2, and the lack of any market
existing or to exist for the Securities, the Subscriber’s investment in the Company will be highly illiquid and may have
to be held indefinitely;

 

(c)
Economic Risk. The Subscriber can bear, and is willing to accept, the economic risk of losing the Subscriber’s
entire investment in the Company and can bear such risk for an indefinite period of time;

 

(d)
Subscriber’s Commitments. The Subscriber’s overall commitment to investments which are not readily marketable
is not disproportionate to the Subscriber’s net worth, the Subscriber’s investment in the Securities will not cause
such overall commitment to become excessive, and the investment is suitable for the Subscriber when viewed in light of the Subscriber’s
other securities holdings and the Subscriber’s financial situation and needs;

 

(e)
Adequate Means. The Subscriber has adequate means of providing for the Subscriber’s current needs and personal
contingencies;

 

(f)
Risk Factors. The Subscriber recognizes that any investment in the Company involves substantial risk, and the Subscriber
has evaluated and fully understands all risks in the Subscriber’s decision to purchase Securities hereunder, including,
without limitation, the Risk Factors disclosed in the Offering Documents;

 

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(g) No Review.
The Subscriber understands that the offer and sale of the Securities have not been submitted to, reviewed by, nor have the merits
of this investment been endorsed or approved by any state or federal agency, commission, authority or self-regulatory organization;

 

(h)
Individual Subscriber. If the Subscriber is an individual, the Subscriber is at least 18 years of age and a bona fide
resident and domiciliary (not a temporary or transient resident) of the state or country indicated on the signature page hereof
and the Subscriber has no present intention of becoming a resident of any other state or jurisdiction;

 

(i)
Non-Individual Subscriber. If the Subscriber is not an individual, the Subscriber is domiciled in the state or country
indicated on the signature page hereof, has no present intention of becoming domiciled in any other state or jurisdiction and
is an “Institutional Investor” as defined under the “Blue Sky” or securities laws or regulations of the
state in which it is domiciled;

 

(j)
Local Standards. The Subscriber otherwise meets any special suitability standards applicable to the Subscriber’s
state or country of residence or domicile;

 

(k)
Status of Investor. The Subscriber is an “Accredited Investor” as such term is defined in the Offering
Documents;

 

(l)
True and Correct. All of the written information pertaining to the Subscriber which the Subscriber has heretofore furnished
to the Company, and all information pertaining to the Subscriber which is set forth in this Agreement and the appropriate Confidential
Investor Qualification Questionnaire attached to the Offering Documents, is correct and complete as of the date hereof and, if
there should be any material change in such information hereafter, the Subscriber shall promptly furnish such revised or corrected
information to the Company. The Subscriber otherwise meets any special suitability standards applicable to the Subscriber’s
state or country of residence; and

 

(m)
No Inconsistent Oral Statements or Written Materials. The Subscriber has not been furnished with any oral representation
or oral information or written materials in connection with the Offering that is in any way contrary to or inconsistent with,
statements made in the Offering Documents and the attachments hereto. The Subscriber is solely relying on the information provided
in the Offering Documents for making its investment decision respecting the Securities.

 

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4.
Subscriber’s Other Representations and Warranties. The Subscriber hereby represents and warrants to, and agrees
with the Company that:

 

(a)
Organization and Standing of the Subscriber. If the Subscriber is an entity, such Subscriber is a corporation, partnership
or other entity duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its
incorporation or organization and has the requisite corporate power to own its assets and to carry on its business;

 

(b)
Authorization and Power. The Subscriber has the requisite capacity, power and authority to enter into and perform its obligations
under the Transaction Documents and to purchase the Securities being sold to it hereunder. Each Transaction Document to which
the Subscriber is a party or by which it is bound has been duly authorized, executed and delivered by the Subscriber and constitutes,
or shall constitute when executed and delivered, a valid and binding obligation of the Subscriber enforceable against the Subscriber
in accordance with the terms hereof and thereof, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and similar laws of general applicability relating to or affecting creditors’ rights generally and to general principles
of equity;

 

(c)
No Conflicts. The execution, delivery and performance of each Transaction Document to which Subscriber is a party or by which
it is bound and the consummation by the Subscriber of the transactions contemplated hereby or thereby or relating hereto do not
and will not conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default)
under, or give to others any rights of termination, amendment, acceleration or cancellation of any material agreement, material
indenture or material instrument or material obligation to which the Subscriber is a party or by which its properties or assets
are bound, or result in a violation of any law, rule, or regulation, or any order, judgment or decree of any court or governmental
agency applicable to the Subscriber or its properties (except for such conflicts, defaults and violations as would not, individually
or in the aggregate, have a material adverse effect on the Subscriber). The Subscriber is not required to obtain any consent,
authorization or order of, or make any filing or registration with, any court or governmental agency in order for it to execute,
deliver or perform any of its obligations under each Transaction Document to which Subscriber is a party or by which it is bound
or to purchase the Securities in accordance with the terms hereof, provided that for purposes of the representation made in this
sentence, the Subscriber is assuming and relying upon the accuracy of the relevant representations and agreements of the Company
herein;

 

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(d)
Confidentiality. The Subscriber acknowledges that certain information contained in this Subscription Agreement, the
Offering Documents and the other Transaction Documents, or provided pursuant hereto or thereto, is confidential and proprietary
to the Company, and is being submitted to the Subscriber solely for the Subscriber’s confidential use with the express understanding
that, without the prior express permission of the Company, the Subscriber will not release or reproduce this Agreement, the Offering
Documents or any of the Transaction Documents, or any other document provided herewith or therewith or discuss or otherwise disseminate
the information contained therein or herein for any purpose other than evaluating a potential investment in the Securities;

 

(e)
Company Information. The Subscriber acknowledges that the Subscriber is fully familiar with the Company and its business,
operation, conditions (financial and other), assets, liabilities, and prospects and has had the opportunity to request and receive
all information deemed necessary by the Subscriber to evaluate an investment in the Company and to discuss the investment under
each Transaction Document to which Subscriber is a party or by which it is bound with representatives of the Company. The Subscriber
has reviewed and understands the Risk Factors and the Company’s organizational documents. Subscriber understands that an
investment in the Securities offered hereby is highly speculative and involves a high degree of risk, including but not limited
to those described in the Risk Factors, and that an investment in the Company should be made only by investors who can afford
the loss of their entire investment;

 

(f)
Company Documents. All documents, records and books pertaining to the Subscriber’s investment have been made
available for inspection by the Subscriber and by the Subscriber’s attorney, and/or the Subscriber’s accountant and/or
the Subscriber’s representative, and the relevant books and records of the Company will be available upon reasonable notice,
for inspection by investors during reasonable business hours at the Company’s principal place of business. None of the other
marketing documents which may be provided by the Company to the Subscriber constitute a part of this Subscription Agreement, the
Offering Documents or the Transaction Documents and any such materials are for informational purposes only;

 

(g)
Questions. The Subscriber has had the opportunity to ask questions of and received answers from the Company concerning
the Company, the Company’s objectives and strategies and other matters related to the Offering and sale of the Securities
and to obtain any additional information necessary to verify the accuracy of the information furnished;

 

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(h)
Reliance. The Subscriber acknowledges that the Subscriber has been encouraged to rely solely upon the advice of the
Subscriber’s legal counsel and accountants or other financial advisers with respect to the legal, tax, business, financial,
and other aspects relating to the purchase of the Securities. The Subscriber has relied only on the information contained in this
Subscription Agreement and the Offering Documents in determining to make this subscription and in basing his/her/its decision
to invest in the Securities. The Subscriber further acknowledges that the Subscriber has relied upon no other representations,
promises, or information written or verbal by any person with respect to the considerations relating to the purchase of the Securities.
The Subscriber recognizes that an investment in Securities involves substantial risk and the Subscriber is fully cognizant of
and understands all of the risk factors related to the purchase of Securities, including, but not limited to, the Risk Factors;

 

(i)
No Advice. The Subscriber understands and acknowledges that this Agreement, the Offering Documents and the other Transaction
Documents and any other additional information provided in connection with the Offering has been prepared by the Company. Accordingly,
the Subscriber understands and acknowledges that no independent legal counsel, accountant, financial advisor, or investment banking
firm has passed upon, independently verified or investigated, or assumed any responsibility for the accuracy, completeness, or
fairness of the information contained in any such materials. No information furnished by the Company constitutes investment, accounting,
legal or tax advice and the Subscriber is relying on professional advisers for such advice;

 

(j)
Remuneration; Solicitation. Except as otherwise specifically disclosed herein, the Subscriber has not paid or given
any commission or other remuneration in connection with the purchase of the Securities;

 

(k)
Communication of Offer. The Subscriber is not purchasing the Securities as a result of any advertisement, article,
notice or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast over
television or radio or presented at any seminar or any other general solicitation or general advertisement;

 

(l)
Correctness of Representations. The Subscriber understands that the Securities are being offered and sold in reliance
on specific exemptions from the registration requirements of federal, state and international laws and that the Company is relying
upon the truth and accuracy of the representations, warranties, agreements, acknowledgments, and understandings set forth herein
in order to determine the suitability of the undersigned to acquire the Securities. The Subscriber represents as to such Subscriber
that the foregoing representations and warranties are true and correct in all material respects as of the date hereof and, unless
the Subscriber otherwise notifies the Company prior to the Closing Date shall be true and correct as of the Closing Date;

 

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5.
Representations and Warranties Regarding Verification of Subscription Funds. Before making the following representations
and warranties, the Subscriber should check the Office of Foreign Assets Control (“OFAC”) website at <http://www.treas.gov/ofac>
with respect to federal regulations and executive orders administered by OFAC which prohibit, among other things, the engagement
in transactions with, and the provision of services to, certain foreign countries, territories, entities and individuals which
are listed on the OFAC website. In addition, the programs administered by OFAC (the “OFAC Programs”) prohibit
dealing with individuals1 or entities in certain countries regardless of whether such individuals or entities appear
on the OFAC lists. Please be advised that the Company may not accept any amounts from a prospective investor if such prospective
investor cannot make the representation set forth below. The Subscriber agrees to promptly notify the Company should Subscriber
become aware of any change in the information set forth in these representations. The Subscriber represents and warrants that:

 

(a)
OFAC List Countries. The amounts invested by the Subscriber in the Company in the Offering were not and are not directly
or indirectly derived from activities that contravene federal, state or international laws and regulations, including anti-money
laundering laws and regulations. Federal regulations and Executive Orders administered by OFAC prohibit, among other things, the
engagement in transactions with, and the provision of services to, certain foreign countries, territories, entities and individuals.
The lists of OFAC prohibited countries, territories, persons and entities can be found on the OFAC website at <http://www.treas.gov/ofac>.
In addition, the OFAC Programs prohibit dealing with individuals2 or entities in certain countries regardless of whether
such individuals or entities appear on the OFAC lists;

 

(b)
OFAC List Entity. To the best of the Subscriber’s knowledge, none of: (1) the Subscriber; (2) any person controlling
or controlled by the Subscriber; (3) if the Subscriber is a privately-held entity, any person having a beneficial interest in
the Subscriber; or (4) any person for whom the Subscriber is acting as agent or nominee in connection with this investment is
a country, territory, individual or entity named on an OFAC list, or a person or entity prohibited under the OFAC Programs;

 

(c)
Account Freeze. The Subscriber understands and acknowledges that, by law, the Company may be obligated to “freeze
the account” of the Subscriber, either by prohibiting additional subscriptions from the Subscriber, declining any redemption
requests and/or segregating the assets in the account in compliance with governmental regulations;

 

(d)
Suspension of Redemption Right. The Subscriber acknowledges that the Company may, by written notice to the Subscriber,
suspend the redemption rights, if any, of the Subscriber if the Company reasonably deems it necessary to do so to comply with
anti-money laundering regulations applicable to the Company or any of the Company’s service providers. These individuals
include specially designated nationals, specially designated narcotics traffickers and other parties subject to OFAC sanctions
and embargo programs;

 

 

1
                                         These individuals include specially designated nationals, specially designated
                                         narcotics traffickers and other parties subject to OFAC sanctions and embargo programs.

 

2 These
individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject to
OFAC sanctions and embargo programs.

 

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(e)
Certain Persons. To the best of the Subscriber’s knowledge, none of: (1) the Subscriber; (2) any person controlling
or controlled by the Subscriber; (3) if the Subscriber is a privately-held entity, any person having a beneficial interest in
the Subscriber; or (4) any person for whom the Subscriber is acting as agent or nominee in connection with this investment is
a senior foreign political figure3, or any immediate family member4 or close associate5
of a senior foreign political figure, as such terms are defined in their respective footnotes;

 

(f)
Foreign Banks. If the Subscriber is affiliated with a non-U.S. banking institution (a “Foreign Bank”),
or if the Subscriber receives deposits from, makes payments on behalf of, or handles other financial transactions related to a
Foreign Bank, that: (1) the Foreign Bank has a fixed address, other than solely an electronic address, in a country in which the
Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related to its banking
activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank to conduct banking
activities; and (4) the Foreign Bank does not provide banking services to any other Foreign Bank that does not have a physical
presence in any country and that is not a regulated affiliate; and

 

(g)
Notification of Changes. The Subscriber understands, acknowledges and agrees that if the Subscriber becomes aware of
any change in the information set forth in these representations that the Subscriber shall promptly notify the Company of such
changes.

 

6.
Company Representations and Warranties. The Company represents and warrants to and agrees with the Subscriber that
except as set forth or otherwise qualified in the Offering Documents:

 

(a)
Due Organization. The Company is a limited liability company duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization and has the requisite power and authority to own its properties and to
carry on its business as presently conducted.

 

 

3 A
“senior foreign political figure” is defined as a senior official in the executive, legislative, administrative,
military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign
political party, or a senior executive of a foreign government-owned corporation. In addition, a “senior foreign
political figure” includes any corporation, business or other entity that has been formed by, or for the benefit of, a
senior foreign political figure.

 

4 An
“Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings,
spouse, children and in-laws.

 

5 A
“close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain
an unusually close relationship with the senior foreign political figure, and includes a person who is in a position to
conduct substantial domestic and international financial transactions on behalf of the senior foreign political figure. 

 

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(b)
Due Authorization; Enforceability. Each Transaction Document has been duly authorized, executed and delivered by the
Company and is a valid and binding agreement enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights
generally and to general principles of equity. The Company has full corporate power and authority necessary to enter into and
deliver the Transaction Documents and to perform its obligations thereunder.

 

(c)
Consents. No consent, approval, authorization or order of any court, governmental agency or body or arbitrator having
jurisdiction over the Company, or any of its affiliates, is required for the execution by the Company of the Transaction Documents
and compliance and performance by the Company of its obligations under the Transaction Documents, including, without limitation,
the issuance and sale of the Securities, other than such consents, approvals and authorizations as shall have been received by
the Company as of the Closing Date.

 

(d)
The Securities. The Securities upon issuance:

 

(i)
are, or will be, free and clear of any security interests, liens, claims or other encumbrances, subject to restrictions upon transfer
under the Securities Act and any applicable state or international securities laws;

 

(ii)
have been, or will be, duly and validly authorized and on the date of issuance of the Securities, such Securities will be duly
and validly issued;

 

(iii)
will not have been issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the
Company;

 

(iv)
will be entitled to one (1) vote per share;

 

(v)
will be entitled to receive Class-B Preferred Yield of Fourteen percent (14.0%) per year, until the Units are redeemed, such yield
occurring monthly and payable when and as declared by the Manager of the Company;

 

(vi)
will be entitled to receive the share of net income of the Company equal to 5.0%, when and as declared by the Manager of the Company,
after the redemption of all LLC Membership Interests then issued and outstanding and payment of all classes of preferred yield
is made to the holders of the preferred LLC equity of the Company;

 

(vii)
will be subject to other rights and restrictions described in the Offering Documents.

 

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7.
Subscription Irrevocable by Subscriber but Subject to Rejection by the Company.

 

(a)
Irrevocable by Subscriber. This Subscription Agreement is not, and shall not be, revocable by the Subscriber.

 

(b)
Company Termination or Withdrawal. The Company, in its sole discretion, has the right to terminate or withdraw the
Offering at any time, to accept or reject subscriptions for Securities in whole or in part and to return the Note to the Subscriber.

 

(c)
Binding Effect. The Subscriber understands and agrees that this Subscription Agreement is not binding upon the Company
until the other terms and conditions have been met, including the Offering Amount having been obtained, and the Company accepts
the subscription, which acceptance is at the sole discretion of the Company and is to be evidenced by the Company’s completion,
execution and delivery of this Agreement.

 

(d)
Company Rejection. In the event of rejection of this subscription in whole (but not in part), or if the sale of the
Securities subscribed for by the Subscriber is not consummated by the Company for any reason (in which event this Subscription
Agreement shall be deemed to be rejected), this Subscription Agreement and any other agreement entered into between the Subscriber
and the Company relating to this subscription shall thereafter have no force or effect and the Company.

 

8.
Indemnification. The Subscriber agrees to indemnify, hold harmless, reimburse and defend the Company and each of the
Company’s officers, directors, agents, attorneys, affiliates, and control persons against any claim, cost, expense, liability,
obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Company or its successor
or any such person which results, arises out of or is based upon any material misrepresentation by such Subscriber in this Agreement.

 

9.
Miscellaneous.

 

(a)
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be the address of Company set forth in the Preamble of this Agreement and with
a copy to HelpfulAllianceCompany@gmail.com, and if to the Subscriber, at the address of the Subscriber set forth on such Subscriber’s
signature page hereto.

 

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(b)
Consequences; Survival. The Subscriber understands the meaning and legal consequences of representations and warranties
contained in this Agreement and certifies that each of the representations and warranties is true and correct as of the date hereof,
shall be true and correct as of the Closing Date. The representations and warranties of the Subscriber contained in this Agreement
shall survive the execution hereof and the purchase of the Securities until the second anniversary of the Closing Date.

 

(c)
Entire Agreement; Assignment. This Agreement and other Transaction Documents represent the entire agreement between
the parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by both parties. Neither
the Company nor the Subscriber have relied on any representations not contained or referred to in this Agreement and the documents
delivered herewith. No right or obligation of the Company shall be assigned without prior notice to and the written consent of
the Subscriber and the Company.

 

(d)
Counterparts/Execution. This Agreement may be executed in any number of counterparts and by the different signatories
hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall
constitute but one and the same instrument. This Agreement may be executed by facsimile signature and delivered by facsimile transmission.

 

(e)
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida
without regard to conflicts of laws principles that would result in the application of the substantive laws of another jurisdiction.
Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought
only in the civil or state courts of Florida located in Broward County or in the federal courts located in Broward County, Florida.
The parties and the individuals executing this Agreement and other agreements referred to herein or delivered in connection herewith
on behalf of the Company agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing party shall
be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of
this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law
shall not affect the validity or enforceability of any other provision of any agreement.

 

    	13 

    	 

    

 

(f)
Amendment and Waivers. Any term or provision of the Transaction Document may be amended, and the observance of any
term of each Transaction Document may be waived (either generally or in a particular instance and either retroactively or prospectively)
by a writing signed by the Company with the consent of the Subscriber, and such waiver or amendment, as the case may be, shall
be binding upon the Subscriber. The waiver by a party of any breach hereof or default in the performance hereof shall not be deemed
to constitute a waiver of any other default or any succeeding breach or default. No amendment shall be effected to impact the
Subscriber in a disproportionately adverse fashion without the consent of the Subscriber.

 

(g)
Specific Enforcement, Consent to Jurisdiction. It is agreed that the parties shall not be entitled to injunctive relief
to prevent or cure breaches of the provisions of this Agreement or the transactions contemplated thereby. Subject to Section
9(e) hereof, each of the Company, Subscriber and any signatory hereto in his or her personal capacity hereby waives, and agrees
not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such
court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding
is improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law.

 

[Signature
Pages Follow]

 

    	14 

    	 

    

 

SIGNATURE
PAGE TO

HELPFUL ALLIANCE COMPANY

SUBSCRIPTION AGREEMENT

 

The
undersigned hereby executes and delivers the Subscription Agreement to which this signature page is attached, which, together
with all counterpart signature pages thereto, shall constitute one and the same document in accordance with the terms of the Subscription
Agreement.

 

	 	 	 	If
    jointly held:	 
	 	 	 	 	 
	Print
    Name:	 	 	 	 
	 	 	 	 	 
	Address:	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	Telephone:	 	 	 	 
	 	 	 	 	 
	Facsimile:	 	 	 	 
	 	 	 	 	 
	SSN/EIN#:	 	 	 	 
	 	 	 	 	 
	By:	 	 	 	 
	 	 	 	 	 
	Name:		 	 	 
	 	 	 	 	 
	Date:	 	 	 	 

 

Class-B
Preferred LLC Membership Interests:

 

	No.
    of Units _______ 	Purchase
    Price: $__________ per Unit	Total
    of $ _____________

 

The
Company hereby accepts the subscription for ____ Unit(s) as of __________, 201__.

 

	 	SEASONS
    CREEK DEVELOPMENT LLC
	 	 	 
	 	By:	/s/
    JONATHAN BARKER
	 	Name:
    	Jonathan
    Barker
	 	Title:
    	ManagersExhibit
10.1

 

EXECUTION VERSION 

SECOND AMENDMENT
TO TERM LOAN AGREEMENT 

 

This SECOND AMENDMENT
TO TERM LOAN AGREEMENT, dated as of November 3, 2016 (this “Second Amendment”), by and among Numerex Corp.,
a Pennsylvania corporation (the “Lead Borrower”), the other Persons party hereto as that are designated as
“Borrowers” (each a “Borrower” and, together with the Lead Borrower, the “Borrowers”),
the other Persons party hereto designated as “Guarantors” (the “Guarantors”, and, together with
the Borrowers, the “Credit Parties”), Crystal Financial LLC, a Delaware limited liability company, as administrative
agent and collateral agent (in such capacities, the “Term Agent”) for the financial institutions from time
to time party to the Term Loan Agreement (collectively, the “Term Lenders” and individually each a “Term
Lender”) and for itself, the Term Lenders and the other Secured Parties.

 

W I T N E S S E T H:

 

WHEREAS, the Borrowers,
the Guarantors, the Term Agent and the Term Lenders are party to that certain Term Loan Agreement dated as of March 9, 2016, as
amended by the First Amendment to Term Loan Agreement dated as of July 29, 2016 (as amended, restated, supplemented or otherwise
modified from time to time in accordance with the terms thereof, the “Term Loan Agreement”), pursuant to which
the Term Lenders agreed, subject to the terms and conditions contained therein, to extend credit to the Borrowers; and

 

WHEREAS, the Credit
Parties have requested that the Term Agent and the Term Lenders effect certain amendments to the Term Loan Agreement as more specifically
set forth herein, and the Term Agent and the Term Lenders are willing to effect such amendments to the Term Loan Agreement on the
terms and conditions hereinafter set forth.

 

NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties signatory hereto agree as follows:

 

		1.	Defined Terms.
                                         Except as otherwise defined in this Second Amendment, terms defined in the Term Loan
                                         Agreement are used herein as defined therein.

 

		2.	Amendment to Term
                                         Loan Agreement. Subject to the satisfaction of the conditions precedent specified
                                         in Section 5 below, the following amendments shall be incorporated into the Term
                                         Loan Agreement:

 

		(a)	Section 5.23(d) of the Term Loan Agreement is hereby amended by deleting the grid contained
                                                                                  therein in its entirety and substituting the following in its stead:

 

	Quarter	Churn
	March 31, 2016	-7.50%
	June 30, 2016	-9.50%
	September 30, 2016	-3.10%
	December 31, 2016 and 

the last day of each 

fiscal quarter thereafter	-2.50%

 

     

     

    

 

		(b)	Section 10.1 of the Term Loan Agreement is hereby amended
by deleting the definition of “Adjusted EBITDA” in its entirety and substituting the following in its stead:

 

““Adjusted
EBITDA” means, for any period, for the Lead Borrower and its Subsidiaries on a Consolidated basis, an amount equal
to Consolidated Net Income for such period plus (a) without duplication, the following to the extent deducted in
calculating such Consolidated Net Income: (i) Consolidated Interest Expense for such period, (ii) the provision for federal,
state, local and foreign income taxes payable by the Lead Borrower and its Subsidiaries for such period, (iii) depreciation
and amortization expense for such period, (iv) non-cash equity-based compensation, (v) non-recurring, non-cash expenses which
are deemed acceptable to the Term Agent, (vi) the fees, costs, and expenses payable by the Borrowers in connection with the
closing of the transactions contemplated by the Loan Documents, (vii) fees and expenses paid in connection with field
examinations and wind-down analyses in accordance with Section 4.9(c), (viii) the non-cash write-off of fixed assets during
the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000, (ix) the impairment
charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $889,000,
(x) third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease not to exceed
$460,000, (xi) severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000, (xii) inventory
reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000, (xiii) goodwill impairment charges
taken during the second Fiscal Quarter of 2016 in an amount not to exceed $7,000,000, (xiv) cash severance paid during July
and August of 2016 in an amount not to exceed $253,000, and (xv) cash costs and expenses paid in connection with relocating
to a temporary headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed
$25,000; and minus (b) the following to the extent included in calculating such Consolidated Net Income: (i) federal,
state, local and foreign income tax credits of the Lead Borrower and its Subsidiaries for such period, (ii) extraordinary
gains for such period and (iii) all non-cash, non-recurring items increasing Consolidated Net Income for such period. For
quarterly periods prior to the closing date, “Adjusted EBITDA” shall be as follows: quarter ended December 31,
2015 - $1,963,000, quarter ended September 30, 2015 - $1,664,000 and quarter ended June 30, 2015 - $3,410,000.”

 

		3.	Amendment to Exhibits.          
                                         Exhibit 4.2(b) to the Term Loan Agreement, the Form of Compliance Certificate,
                                         is hereby amended by deleting said exhibit in its entirety and replacing it with the
                                         corresponding exhibit set forth in Annex I attached hereto.

 

		4.	Representations
                                         and Warranties. Each Credit Party hereby represents and warrants that:

 

		(a)	After giving effect to this Second Amendment, no Default
or Event of Default has occurred and is continuing;

 

		(b)	the execution, delivery and performance of this Second
Amendment by each Credit Party are all within such Credit Party’s corporate powers, will not contravene any Requirement
of Law or the terms of such Credit Party’s Organization Documents, or any Material Contract to which such Credit Party is
a party or by which such Credit Party or its property is bound, and shall not result in the creation or imposition of any lien,
claim, charge or encumbrance upon any of the Collateral, except in favor of Term Agent and Term Lenders pursuant to the Term Loan
Agreement and the other Loan Documents as amended hereby;

 

    	 	2	 

     

    

 

		(c)	this Second Amendment and each other agreement or instrument
to be executed and delivered by the Credit Parties in connection herewith have been duly authorized, executed and delivered by
all necessary action on the part of such Credit Party and, if necessary, its stockholders, as the case may be, and the agreements
and obligations of each Credit Party contained herein and therein constitute the legal, valid and binding obligations of such
Credit Party, enforceable against it in accordance with their terms, except as enforceability is limited by bankruptcy, insolvency,
reorganization, receivership, moratorium or other laws affecting creditor’s rights generally and by general principles of
equity; and

 

		(d)	after giving effect to this Second Amendment, all representations
and warranties contained in the Term Loan Agreement and each other Loan Document are true and correct in all material respects
on and as of the date hereof, except (i) to the extent that such representations and warranties refer to an earlier date, in which
case they shall be true and correct as of such earlier date, and (ii) in the case of any representation and warranty qualified
by materiality, in which case they shall be true and correct in all respects.

 

		5.	Conditions to Effectiveness. This Second Amendment
shall not be effective until each of the following conditions precedent have been fulfilled to the satisfaction of the Term Agent
(such date referred to herein as, the “Effective Date”):

 

	 	(a)	the Term Agent shall have received this Second Amendment, duly executed by each of the parties hereto;
	 	 	 
	 	(b)	after giving effect to this Second Amendment, no Default or Event of Default shall have occurred and be continuing;
	 	 	 
	 	(c)	all orders, permissions, consents, approvals, licenses, authorizations and validations of, and filings, recordings and registrations with, and exemptions by, any Governmental Authority, or any other Person required to authorize or otherwise required in connection with the execution, delivery and performance by each Credit Party of this Second Amendment and the transactions contemplated, shall have been obtained and shall be in full force and effect; and
	 	 	 
	 	(d)	the Credit Parties shall have paid in full all invoiced Credit Party expenses in connection with the preparation, execution, delivery and administration of this Second Amendment and the other instruments and documents to be delivered hereunder (with such fees and expenses described in this paragraph being fully earned as of the date hereof, and no portion thereof shall be refunded or returned to the Credit Parties under any circumstances).

 

		6.	Effect on Loan
                                         Documents.         The Term Loan Agreement and the other Loan Documents, after giving effect to the Second Amendment, shall be and remain in
full force and effect in accordance with their terms and hereby are ratified and confirmed in all respects. Except as expressly
set forth herein, the execution, delivery, and performance of this Second Amendment shall not operate as a waiver of any right,
power, or remedy of the Term Agent or any other Secured Party under the Term Loan Agreement or any other Loan Document, as
in effect prior to the date hereof. Each Credit Party hereby ratifies and confirms in all respects all of its obligations
under the Loan Documents to which it is a party and each Credit Party hereby ratifies and confirms in all respects any prior
grant of a security interest under the Loan Documents to which it is party.

 

    	 	3	 

     

    

 

		7.	Further Assurances.
                                         Each Credit Party shall execute and deliver all agreements, documents and instruments,
                                         each in form and substance satisfactory to the Term Agent, and take all actions as the
                                         Term Agent may reasonably request from time to time, to perfect and maintain the perfection
                                         and priority of the security interest in the Collateral held by the Term Agent and to
                                         fully consummate the transactions contemplated under this Second Amendment and the Term
                                         Loan Agreement, as modified hereby.

 

		8.	Release. Each
                                         Credit Party hereby remises, releases, acquits, satisfies and forever discharges Term
                                         Agent and the Term Lenders, their agents, employees, officers, directors, predecessors,
                                         attorneys and all others acting on behalf of or at the direction of Term Agent or the
                                         Term Lenders, of and from any and all manner of actions, causes of action, suit, debts,
                                         accounts, covenants, contracts, controversies, agreements, variances, damages, judgments,
                                         claims and demands whatsoever, in law or in equity, which any of such parties ever had,
                                         or now has, to the extent arising from or in connection with any act, omission or state
                                         of facts taken or existing on or prior to the Effective Date, against Term Agent and
                                         the Term Lenders, their agents, employees, officers, directors, attorneys and all persons
                                         acting on behalf of or at the direction of Term Agent or the Term Lenders (“Releasees”),
                                         for, upon or by reason of any matter, cause or thing whatsoever arising under, or in
                                         connection with, or otherwise related to, the Loan Documents through the Effective Date.
                                         Without limiting the generality of the foregoing, each Credit Party waives and affirmatively
                                         agrees not to allege or otherwise pursue any defenses, affirmative defenses, counterclaims,
                                         claims, causes of action, setoffs or other rights they have or may have under, or in
                                         connection with, or otherwise related to, the Loan Documents as of the Effective Date,
                                         including, but not limited to, the rights to contest any conduct of Term Agent, the Term
                                         Lenders or other Releasees on or prior to the Effective Date.

 

		9.	No Novation; Entire
                                         Agreement. This Second Amendment evidences solely the amendment of certain specified
                                         terms and obligations of the Credit Parties under the Term Loan Agreement and is not
                                         a novation or discharge of any of the other obligations of the Credit Parties under the
                                         Term Loan Agreement. There are no other understandings, express or implied, among the
                                         Credit Parties, the Term Agent and the Term Lenders regarding the subject matter hereof
                                         or thereof.

 

		10.	Choice of Law.
                                         THIS SECOND AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
                                         OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF,
                                         BUT INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

		11.	Counterparts;
                                         Facsimile Execution. This Second Amendment may be executed in any number of counterparts
                                         and by different parties and separate counterparts, each of which when so executed and
                                         delivered shall be deemed an original, and all of which, when taken together, shall constitute
                                         one and the same instrument. Delivery of an executed counterpart of a signature page
                                         to this Second Amendment by facsimile (or other electronic transmission) shall be as
                                         effective as delivery of a manually executed counterpart of this Second Amendment. Any
                                         party delivering an executed counterpart of this Second Amendment by facsimile (or other
                                         electronic transmission) also shall deliver a manually executed counterpart of this Second
                                         Amendment but the failure to deliver a manually executed counterpart shall not affect
                                         the validity, enforceability, and binding effect of this Second Amendment.

 

    	 	4	 

     

    

 

		12.	Construction.
                                         This Second Amendment is a Loan Document. This Second Amendment and the Term Loan Agreement
                                         shall be construed collectively and in the event that any term, provision or condition
                                         of any of such documents is inconsistent with or contradictory to any term, provision
                                         or condition of any other such document, the terms, provisions and conditions of this
                                         Second Amendment shall supersede and control the terms, provisions and conditions of
                                         the Term Loan Agreement.

 

		13.	Miscellaneous.
                                         The terms and provisions hereof shall be binding upon and inure to the benefit of the
                                         parties hereto and their successors and assigns.

 

[Signature Pages Follow]

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be duly executed and delivered by their duly authorized
officers of the date first above written.

 

	 	NUMEREX CORP., as the Lead Borrower and a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:
	 	 
	 	CELLEMETRY LLC, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Treasurer
	 	 
	 	CELLEMETRY SERVICES, LLC, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron
	 	Title:      Treasurer
	 	 
	 	NEXTALARM, LLC, as a Borrower 
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron
	 	Title:      Treasurer
	 	 
	 	NUMEREX GOVERNMENT SERVICES LLC, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Treasurer

 

[Signature
Page to Second Amendment to Term Loan Agreement]

 

     

     

    

 

	 	NUMEREX SOLUTIONS, LLC, as a Borrower 
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Treasurer
	 	 
	 	OMNILINK SYSTEMS INC., as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Chief Financial Officer
	 	 
	 	ORBIT ONE COMMUNICATIONS, LLC, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron
	 	Title:      Treasurer
	 	 
	 	TELEMETRY SERVICES CORPORATION, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron
	 	Title:      Chief Financial Officer
	 	 
	 	UBLIP, INC., as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Chief Financial Officer
	 	 
	 	UPLINK SECURITY, LLC, as a Borrower
	 	 
	 	By:	/s/ Kenneth L. Gayron 
	 	Name:    Kenneth L. Gayron 
	 	Title:      Treasurer

 

[Signature
Page to Second Amendment to Term Loan Agreement]

 

     

     

    

 

	 	CRYSTAL FINANCIAL LLC, as Term Agent
	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:    Christopher A. Arnold
	 	Title:      Senior Managing Director
	 	 
	 	CRYSTAL FINANCIAL SPV LLC, as Term Lender
	 	 
	 	By:	/s/ Christopher A. Arnold
	 	Name:    Christopher A. Arnold 
	 	Title:      Senior Managing Director

 

[Signature
Page to Second Amendment to Term Loan Agreement]

 

     

     

    

 

Annex I

 

Updated Exhibit 4.2(b)

 

Form of Compliance Certificate (see attached)

 

     

     

    

 

EXHIBIT 4.2(b)

 

FORM OF COMPLIANCE CERTIFICATE

	   To:	Crystal Financial LLC	Date:  _________________
	 	Two International Place, 17th Floor	 
	 	Boston, MA 02110	 

 

 Re:          Term Loan Agreement dated as of March 9, 2016 (as amended, modified, supplemented or restated hereafter, the “Term Loan Agreement”) by and among (i) Numerex Corp., a Pennsylvania corporation (the “Lead Borrower”), (ii) the other Borrowers party thereto from time to time (together with the Lead Borrower, the “Borrowers”), (iii) the Guarantors party thereto from time to time, (iv) the Term Lenders party thereto from time to time party, and (v) Crystal Financial LLC, as term agent (the “Term Agent”). All capitalized terms used herein and not otherwise defined shall have the same meaning herein as in the Term Loan Agreement.

 

The undersigned, a duly authorized and acting Responsible Officer of the Lead Borrower, hereby certifies to you as follows:

 

		1.	No Default; Representations
                                         and Warranties.

 

		a.	To the knowledge
                                         of the undersigned Responsible Officer, except as set forth in Appendix I, no
                                         Default or Event of Default has occurred and is continuing.

 

		b.	If a Default or
                                         Event of Default has occurred and is continuing, the Lead Borrower and its Subsidiaries
                                         propose to take action as set forth in Appendix I with respect to such Default
                                         or Event of Default.

 

		c.	Each of the representations and warranties set forth in
the Term Loan Agreement is true and correct in all material respects as of the date hereof (without duplication of any materiality
qualifier contained therein).

 

		2.	Financial Calculations.
                                         Attached hereto as Appendix II are reasonably detailed calculations of the following,
                                         each as of the Fiscal [Month/Year] ending [_____]1:

 

		a.	Adjusted EBITDA;

 

		b.	Consolidated Fixed Charge Coverage Ratio;

 

		c.	Consolidated Total Net Leverage;

 

		d.	Churn; and

 

		e.	Liquidity.

 

 

1 Note:
All calculations to be included regardless of whether compliance with any particular covenant is required for a given reporting
period under the Term Loan Agreement.

 

     

     

    

 

		3.	No Material Accounting Changes, Etc.
                                         The financial statements furnished to the Term Agent for the Fiscal [Month/Year] ending
                                         [_____] are complete, correct, and fairly present, in all material respects, in accordance
                                         with GAAP, the consolidated financial position and the results of operations of the Lead
                                         Borrower and its Subsidiaries on a consolidated basis at the close of, and the results
                                         of the Lead Borrower and its Subsidiaries’ operations and cash flows for, the period(s)
                                         covered, subject to, with respect to the monthly financial statements, normal year-end
                                         adjustments and the absence of footnotes. There has been no change in GAAP or the application
                                         thereof since the date of the audited financial statements furnished to the Term Agent
                                         for the year ending [_____], other than the material accounting changes as disclosed
                                         on Appendix III hereto.

 

		4.	Intellectual Property. Except
                                         as set forth on Appendix IV hereto, there has been no change to the information
                                         provided in Schedule 3.16 to the Term Loan Agreement since the date of the most
                                         recently delivered compliance certificate.

 

		5.	Commercial Tort Claims. Except
                                         as set forth on Appendix V hereto, there has been no change to the information
                                         provided in Schedule 1 to the Guaranty and Security Agreement since the date of
                                         the most recently delivered compliance certificate.

 

[Signature
Page Follows]

 

     

     

    

 

IN WITNESS WHEREOF, I have executed this certificate as of the
date first written above.

 

	 	By:	              
	 	Responsible Officer of Lead Borrower

 

	 	Name:	 

 

	 	Title:	 

 

     

     

    

 

Appendix
I

 

Except as set forth
below, no Default or Event of Default presently exists. [If a Default or Event of Default exists, the following describes the
nature of the Default or Event of Default in reasonable detail and the steps being taken or contemplated by the Lead Borrower
and its Subsidiaries to be taken on account thereof.]

 

     

     

    

 

Appendix
II

 

A. Calculation of Adjusted EBITDA2

  

	1.	Consolidated Net Income:	$
	 	plus, without duplication, the following to the extent deducted
    in calculating such Consolidated Net Income:	 
	 		 
	2.	Consolidated Interest Expense:	$
	 	 	 
	3.	the provision for federal, state, local and foreign income taxes payable by the Lead Borrower and its Subsidiaries:	$
	 	 	 
	4.	depreciation and amortization expense:	$
	 	 	 
	5.	non-cash equity-based compensation:	$
	 	 	 
	6.	non-recurring, non-cash expenses which are deemed acceptable to the Term Agent:	$
	 	 	 
	7.	the fees, costs and expenses payable by the Borrowers in connection with the closing of the transactions contemplated by the Loan Documents:	$
	 	 	 
	8.	fees and expenses paid in connection with field examinations and
    wind-down analyses in accordance with Section 4.9(c) of the Term Loan Agreement:	$
	 	 	 
	9.	the non-cash write-off of fixed assets during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $377,000:	$
	 	 	 
	10.	the impairment charge taken during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease in an amount not to exceed $889,000:	$
	 	 	 
	11.	third party broker fees incurred during the second Fiscal Quarter of 2016 relating to the Atlanta Sublease not to exceed $460,000:	$
	 	 	 
	12.	severance paid during the second Fiscal Quarter of 2016 in an amount not to exceed $415,000:	$
	 	 	 
	13.	inventory reserves taken during second Fiscal Quarter of 2016 in an amount not to exceed $435,000:	$
	 	 	 
	14.	goodwill impairment charges taken during the second Fiscal Quarter of 2016 in an amount not to exceed $7,000,000:	$

 

 

2 For quarterly periods prior to the Closing Date,
“Adjusted EBITDA” shall be as follows: quarter ended December 31, 2015 - $1,963,000, quarter ended September 30, 2015
- $1,664,000 and quarter ended June 30, 2015 - $3,410,000.

 

     

     

    

 

	15.	cash severance paid during July and August of 2016 in an amount not to exceed $253,000:	$
	 	 	 
	16.	cash costs and expenses paid in connection with relocating to a temporary headquarters at 400 Interstate North Parkway SE, Atlanta, Georgia in July of 2016 in an amount not to exceed $25,000:	$
	 	 	 
	 	minus the following to the extent included in calculating such Consolidated Net Income:	 
	 	 	 
	17.	federal, state, local and foreign income tax credits of the Lead Borrower and its Subsidiaries:	$
	 	 	 
	18.	extraordinary gains for such period:	$
	 	 	 
	19.	all non-cash, non-recurring items increasing Consolidated Net Income:	$
	 	 	 
	20.	the sum of lines A-2 through A-16:	$
	 	 	 
	21.	the sum of lines A-17 through A-19:	$
	 	 	 
	22.	Adjusted EBITDA (line A-1 plus line A-20 minus
    line A-21):	$

 

	In compliance with
    minimum Adjusted EBITDA covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of
    the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

B. Calculation of Consolidated Fixed Charge Coverage Ratio

 

	1.	Adjusted EBITDA (line A-22):	$
	 	 	 
	2.	Capital Expenditures paid in cash: 	$
	 	plus:	 
	 	 	 
	3.	the aggregate amount (but not less than $0) of federal, state, local and foreign income taxes paid in cash:	$
	 	 	 
	4.	Debt Service Charges paid in cash:	 
	 	 	 
	 	a. 	Consolidated Interest Expense3:	$
	 	 	 
	 	b. 	All scheduled principal payments made or required to be made on account
of Indebtedness for borrowed money (including, without limitation, principal payments in accordance with Section 1.6(a)(i) of
the Term Loan Agreement and obligations with respect to Capital Leases for such period (excluding, for the avoidance of doubt,
all voluntary and mandatory prepayments):	$
	 	 	 
	 	c. 	the sum of lines B-4-a and B-4-b:	$
	 	 	 
	5.	Restricted Payments paid in cash:	$
	 	 	 
	6.	the sum of lines B-2, B-3, B-4-c and B-5:	$
	 	 	 
	7.	Consolidated Fixed Charge Coverage Ratio (the ratio
    of line B-1 to line B-6):	[__] : [__]

 

	In compliance with minimum Consolidated Fixed
    Charge Coverage Ratio covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of
    the end of a Fiscal Quarter):	[Yes/No/NA]

 

 

3 With respect to the calculation of the amounts
set forth in line B-4-a above, for each of the quarters ending on March 31, 2016, June 30, 2016, September 30, 2016 and December
30, 2016, such amounts shall be calculated by: (i) determining the actual amount thereof from the Closing Date through such date
of determination, (ii) dividing such amount by the number of days that have elapsed from the Closing Date through such date of
determination, and (iii) multiplying the result by 365.

 

     

     

    

 

C. Calculation of Consolidated Total Net Leverage

 

	1.	Net Debt:	$
	 	 	 
	2.	Consolidated Total Net Leverage
    (the     ratio of line C-1 to Adjusted EBITDA (line A-22)):	[__] : [__]

 

	In compliance with
    maximum Consolidated Total Net Leverage covenant, pursuant to Section 5.23 of the Term Loan Agreement (applicable only for
    Calculations as of the end of a Fiscal Quarter):	[Yes/No/NA]

 

     

     

    

 

D. Calculation of Churn

 

	1.	Aggregate number of subscribers at the end
of the period:	[__]
	 	minus	 
	 	 	 
	2.	Aggregate number of subscribers at the end of the prior period:	[__]
	 	 	 
	3.	Subscriber disconnect (line D-1 minus line D-2):	[__]
	 	 	 
	4.	Churn (line D-3 divided by line D-2):	[__]

 

	In compliance with subscriber Churn covenant,
    pursuant to Section 5.23 of the Term Loan Agreement (applicable only for calculations as of the end of a Fiscal
    Quarter):	[Yes/No/NA]

 

     

     

    

 

E. Minimum Liquidity

 

	Liquidity:	$
	 	 
	Minimum Liquidity:	$5,000,000

 

	In compliance with minimum Liquidity covenant, pursuant to Section 5.23 of the Term Loan Agreement:	[Yes/No]

 

     

     

    

 

Appendix
III

 

Except as set forth below, no material changes
in GAAP or the application thereof have occurred since [the date of the most recently delivered financial statements to the Term
Agent prior to the date of this certificate]. [If material changes in GAAP or in application thereof have occurred, the following
describes the nature of the changes in reasonable detail and the effect, if any, of each such material change in GAAP or in application
thereof in the calculation of the financial covenants described in the Term Loan Agreement].

 

     

     

    

 

Appendix
IV

 

Except as set forth below, there has been
no change to the information provided in Schedule 3.16 (Intellectual Property)_to the Term Loan Agreement since the date
of the most recently delivered compliance certificate.

 

     

     

    

 

Appendix
V

 

Except as set forth below, there has been
no change to the information provided in Schedule 1 (Commercial Tort Claims) to the Guaranty and Security Agreement since
the date of the most recently delivered compliance certificate.

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