Document:

Exhibit 4.2

 

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD,
PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH APPLICABLE LAW.

 

WARRANT TO PURCHASE STOCK

 

	Corporation:	Moving iMage
Technologies, Inc.
	Number of Shares:	See below
	Class of Stock:	Common Stock
	Initial Exercise Price:	$3.00
	Issue Date:	July 8, 2021
	Expiration Date:	October 28, 2024

 

This
Warrant Certifies That, for good and valuable consideration, AGILITY CAPITAL III, LLC or its registered assignee (“Holder”)
is entitled to purchase the number of fully paid and nonassessable shares of the class of securities (the “Shares”) of Moving
iMage Technologies, Inc., a Delaware corporation (the “Company”) at the initial exercise price per Share (the “Warrant
Price”) set forth above and herein, and as adjusted pursuant to Article 2 of this Warrant.

 

This Warrant is being issued
to Holder in connection with that certain Loan Agreement by and between Holder and Moving iMage Technologies, LLC, predecessor to the
Company, dated as of October 28, 2019 and as amended from time to time (the “Loan Agreement”). The initial number of
Shares issuable upon exercise of this Warrant is equal to $350,000 (the “Warrant Coverage Amount”) divided by the Warrant
Price.

 

		1.	Exercise

 

1.1          Method
of Exercise. Holder may exercise this Warrant by delivering this Warrant and a duly executed Notice of Exercise in substantially
the form attached as Appendix 1 to the principal office of the Company. Unless Holder is exercising the conversion right set forth
in Section 1.2, Holder shall also deliver to the Company a check for the aggregate Warrant Price for the Shares being purchased.

 

1.2          Conversion
Right. In lieu of exercising this Warrant as specified in Section 1.1, Holder may from time to time convert this Warrant, in
whole or in part, into a number of Shares determined by dividing (a) the aggregate fair market value of the Shares or other securities
otherwise issuable upon exercise of this Warrant minus the aggregate Warrant Price of such Shares by (b) the fair market value of
one Share. The fair market value of the Shares shall be determined pursuant to Section 1.3.

 

1.3          Fair
Market Value. If the Shares are traded regularly in a public market, the fair market value of the Shares shall be the closing
price of the Shares reported for the business day immediately before Holder delivers its Notice of Exercise to the Company. Otherwise,
the value shall be as reasonably determined by the Board of Director of the Company in good faith.

 

1.4          Delivery
of Certificate and New Warrant. Promptly after Holder exercises or converts this Warrant, the Company shall deliver to Holder
certificates for the Shares acquired and, if this Warrant has not been fully exercised or converted and has not expired, a new warrant
representing the Shares not so acquired.

 

1.5          Replacement
of Warrants. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably satisfactory in form and
amount to the Company or, in the case of mutilation, or surrender and cancellation of this Warrant, the Company at its expense shall execute
and deliver, in lieu of this Warrant, a new warrant of like tenor.

 

    1

     

    

 

		2.	Adjustments To The Shares.

 

2.1          Dividends.
If the Company declares or pays a dividend on its capital stock or other securities, then upon exercise of this Warrant, for each Share
acquired, Holder shall receive, without cost to Holder, the property to which Holder would have been entitled had Holder owned the Shares
of record as of the date the dividend occurred.

 

2.2          Reclassification,
Exchange or Substitution. Upon any reclassification, exchange, substitution, or other event that results in a change of the
number and/or class of the securities issuable upon exercise or conversion of this Warrant, Holder shall be entitled to receive, upon
exercise or conversion of this Warrant, the number and kind of securities and property that Holder would have received for the Shares
if this Warrant had been exercised immediately before such reclassification, exchange, substitution, or other event. The Company or its
successor shall promptly issue to Holder a new Warrant for such new securities or other property. The new Warrant shall provide for adjustments
which shall be as nearly equivalent as may be practicable to the adjustments provided for in this Article 2 including, without limitation,
adjustments to the Warrant Price. The provisions of this Section 2.2 shall similarly apply to successive reclassifications, exchanges,
substitutions, or other events. Upon the closing of any Acquisition the successor entity shall assume the obligations of this Warrant,
and then this Warrant shall be exercisable for the same securities, cash, and property as would be payable for the Shares issuable upon
exercise of the unexercised portion of this Warrant as if such Shares were outstanding on the record date for the Acquisition and subsequent
closing.

 

2.3          Adjustments
for Combinations, Etc. If at any time while this Warrant, or any portion thereof, remains outstanding and unexpired, the outstanding
Shares are reverse-split, combined or consolidated, by reclassification or otherwise, into a lesser number of shares, the Warrant Price
shall be proportionately increased and the number of Shares issuable upon exercise or conversion of this Warrant shall be proportionately
decreased. If the outstanding Shares are split, combined or consolidated, by reclassification or otherwise, into a greater number of shares,
the Warrant Price shall be proportionately decreased and the number of Shares issuable upon exercise of or conversion of this Warrant
shall be proportionately increased.

 

2.4          No
Impairment. The Company shall not, by amendment of its Articles/Certificate of Incorporation or through a reorganization, transfer
of assets, consolidation, merger, dissolution, issue, or sale of securities or any other voluntary action, avoid or seek to avoid the
observance or performance of any of the terms to be observed or performed under this Warrant by the Company, but shall at all times in
good faith assist in carrying out all the provisions of this Article 2 and in taking all such action as may be necessary or appropriate
to protect Holder’s rights under this Article against impairment. If the Company takes any action affecting the Shares or its
common stock other than as described above that adversely affects Holder’s rights under this Warrant, the Warrant Price shall be
adjusted downward and the number of Shares issuable upon exercise of this Warrant shall be adjusted upward in such a manner that the aggregate
Warrant Price of this Warrant is unchanged.

 

2.5          Certificate
as to Adjustments. Upon each adjustment of the Warrant Price or the Shares, the Company at its expense shall promptly compute
such adjustment, and furnish Holder with a certificate of its Chief Financial Officer or other authorized officer setting forth such adjustment
and the facts upon which such adjustment is based and the Warrant Price in effect upon the date thereof and the type and number of Shares
issuable under the Warrant on the date thereof.

 

		3.	Representations And Covenants Of The Company.

 

3.1          Representations
and Warranties. The Company represents and warrants to the Holder that all Shares that may be issued upon the exercise of the
purchase right represented by this Warrant, and all securities, if any, issuable upon conversion of the Shares, shall, upon issuance,
be duly authorized, validly issued, fully paid and nonassessable, and free of any liens and encumbrances.

 

    2

     

    

 

3.2          Notice
of Certain Events. If the Company proposes at any time (a) to declare any dividend or distribution upon its common stock,
whether in cash, property, stock, or other securities and whether or not a regular cash dividend; (b) to offer for subscription pro
rata to the holders of any class or series of its stock any additional shares of stock of any class or series or other rights; (c) to
effect any reclassification or recapitalization of common stock; or (d) effectuate an Acquisition or sell, lease, license, or convey
all or substantially all of its assets, or to liquidate, dissolve or wind up; then, in connection with each such event, the Company shall
give Holder (1) at least 15 days prior written notice of the date on which a record will be taken for such dividend, distribution,
or subscription rights (and specifying the date on which the holders of common stock will be entitled thereto) or for determining rights
to vote, if any, in respect of the matters referred to in (a) and (b) above; and (2) in the case of the matters referred
to in (c) and (d) above at least 15 days prior written notice of the date when the same will take place (and specifying the
date on which the holders of common stock will be entitled to exchange their common stock for securities or other property deliverable
upon the occurrence of such event).

 

3.3          Information
Rights. So long as the Holder holds this Warrant and/or any of the Shares, the Company shall deliver to the Holder (a) promptly
after mailing, copies of all communiqués to the shareholders of the Company, (b) promptly after delivery to any commercial
bank or other financial institution that provides working capital financing to the Company, quarterly and annual financial statements
of the Company (or if the Company does not have a commercial bank or other financial institution that provides it working capital, then
within one hundred twenty (120) days after the end of each fiscal year of the Company, the annual financial statements of the Company);
provided however the Company need not provide such information for any period in which Company has filed Form 10-K or Form 10-Q
(as applicable) with the Securities and Exchange Commission.

 

		4.	Miscellaneous.

 

4.1          Term.
This Warrant is exercisable, in whole or in part, at any time and from time to time on or before the Expiration Date set forth above.

 

4.2          Legends.
This Warrant and the Shares (and the securities issuable, directly or indirectly, upon conversion of the Shares, if any) shall be imprinted
with a legend in substantially the following form:

 

THIS SECURITY HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED
EXCEPT IN ACCORDANCE WITH APPLICABLE LAW.

 

4.3          Compliance
with Securities Laws on Transfer. This Warrant and the Shares issuable upon exercise this Warrant (and the securities issuable,
directly or indirectly, upon conversion of the Shares, if any) may not be transferred or assigned in whole or in part without compliance
with applicable federal and state securities laws by the transferor and the transferee.

 

4.4          Transfer
Procedure. Subject to the provisions of Section 4.3, Holder may transfer all or part of this Warrant or the Shares issuable
upon exercise of this Warrant (or the securities issuable, directly or indirectly, upon conversion of the Shares, if any) by giving the
Company written notice of the portion of the Warrant being transferred setting forth the name, address and taxpayer identification number
of the transferee and surrendering this Warrant to the Company for reissuance to the transferee(s) (and Holder, if applicable), provided
that no such notice shall be required for a transfer to an affiliate of Holder.

 

4.5          Waiver.
This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is sought.

 

4.6          Attorneys’
Fees. In the event of any dispute between the parties concerning the terms and provisions of this Warrant, the party prevailing
in such dispute shall be entitled to collect from the other party all costs incurred in such dispute, including reasonable attorneys’
fees.

 

    3

     

    

 

4.7          Notices.
All notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery
to the party to be notified, (b) when confirmed as received by the recipient if sent by electronic mail, (c) three (3) days
after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after
deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All notices
shall be sent to the party to be notified at the address as set forth below or at such other address address as such party may designate
in writing to the other party:

 

	 	If to Holder:	Agility Capital III, LLC	 
	 	 	10 East Figueroa Street, Suite 204	 
	 	 	Santa Barbara, CA 93101	 
	 	 	Attn: Jeff Carmody/Daniel Corry	 
	 	 	Email: jeff@agilitycap.com; daniel@agilitycap.com	 

 

	 	If to Company:	Moving iMage Technologies, Inc.	 
	 	 	17760 Newhope Street	 
	 	 	Fountain Valley, CA 92708	 
	 	 	Attn: Phil Rafnson, CEO and President	 
	 	 	Email:	                 	 

 

4.8           Governing
Law. This Warrant shall be governed by and construed in accordance with the laws of the State of California, without giving
effect to its principles regarding conflicts of law.

 

[remainder
of this page intentionally left blank]

 

    4

     

    

 

IN WITNESS WHEREOF, the Company
has duly executed this Warrant to Purchase Stock as of the Issue Date set forth above.

 

	 	Moving iMage Technologies, Inc.
	 	 
	 	By: 	/s/ Phil Rafnson
	 	 
	 	Name: 	Phil Rafnson
	 	 
	 	Title: 	CEO and President

 

    5

     

    

 

APPENDIX
1

 

NOTICE
OF EXERCISE

 

1.             The
undersigned hereby elects to purchase ______________ shares of the Common Stock of Moving iMage Technologies, Inc. pursuant to the
terms of the attached Warrant, and tenders herewith payment of the purchase price of such shares in full.

 

1.             The
undersigned hereby elects to convert the attached Warrant into Shares in the manner specified in Section 1.2 of the Warrant. This
conversion is exercised with respect to 116,667 of the Shares covered by the Warrant.

 

[Strike paragraph that does
not apply.]

 

2.             Please
issue a certificate or certificates representing said shares in the amount of 94,723 in the name of the undersigned or in such other name
as is specified below:

 

AGILITY CAPITAL III, LLC

 

Or Registered Assignee

 

3.             The
undersigned represents it is acquiring the shares solely for its own account and not as a nominee for any other party and not with a view
toward the resale or distribution thereof except in compliance with applicable securities laws.

 

	AGILITY CAPITAL III, LLC or Registered Assignee	 
	 	 
		 
	(Signature)	 
	 	 
		 
	(Date)Exhibit 10.1

 

EXCHANGE AGREEMENT

 

This Exchange Agreement (the
 “Agreement”) dated July 7, 2021 is entered into by and among Moving iMage Technologies, Inc., a Delaware
corporation (“Parent”), and the equity holders of LLC listed on the signature pages of this Agreement (the “Members”).

 

RECITALS

 

A.            Each
Member holds Class B Membership Units of LLC as specified in the attached Schedule A (each, an “LLC Unit”
and together, the “LLC Units”).

 

B.            Parent
is conducting an initial public offering of its common stock, par value $0.00001 per share (the “Common Stock”), pursuant
to that certain Registration Statement on Form S-1, as amended (Registration No. 333-234159), (the “Registration Statement”).

 

C.            Immediately
prior to the effective date of the Registration Statement, the Members desire to assign and transfer to Parent, and Parent desires to
acquire, all of the LLC Units in exchange for a certain number of shares of Common Stock of Parent as set forth on Schedule A hereto
(the “Exchange”).

 

D.            As
a result of the Exchange, (i) LLC will be a wholly-owned subsidiary of Parent, and (ii) Parent will issue to the Members the
number of shares of Common Stock of Parent corresponding to such Member’s name set forth on Schedule A hereto.

 

E.            The
Members intend that the Exchange will qualify for non-recognition of gain or loss under Section 351 and Section 354 of the Internal
Revenue Code of 1986, as amended.

 

AGREEMENT

 

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

 

1.              Assignment
of Interest; Issuance of Interests. The following shall be effective immediately prior to the effective date of the Registration Statement:

 

1.1            Each
Member hereby assigns, transfers and conveys to Parent all right, title and interest of such Member in and to his/her/its LLC Units, free
and clear of all mortgages, liens, pledges, charges or encumbrances of any kind or character. Each Member understands and agrees that
as a result of the transfer of his/her/its LLC Units to Parent pursuant to this Agreement, such Member shall no longer have any ownership
rights (economic or otherwise) in LLC.

 

1.2            In
exchange for the assignment, transfer and conveyance of the LLC Units set forth in Section 1.1, Parent hereby issues to each Member
the number of shares of Common Stock set forth on Schedule A hereto corresponding to the name of such Member on Schedule A
hereto (each, a “Share” and together, the “Shares”).

 

    

     

    

 

2.              Acceptance.
Parent hereby accepts the foregoing assignment, transfer and conveyance of the LLC Units.

 

3.              Representations
of Each Member. Each Member hereby represents and warrants to Parent as follows:

 

3.1            Authority.
The Member has full legal capacity, power and authority to execute and deliver this Agreement and to perform its obligations hereunder.
This Agreement executed by the Member Investor is a valid and binding obligation of such Member, enforceable in accordance with its terms,
except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors’
rights generally and general principles of equity. The execution, delivery, and performance of this Agreement and all other agreements
contemplated hereby have been duly authorized by the Member

 

3.2            Title.
The Member has good and marketable title to his/her/its LLC Units, free and clear of all mortgages, liens, pledges, charges or encumbrances
of any kind or character. The Member is the sole beneficial owner of the LLC Units. The Member has the right and authority to sell the
LLC Units to Parent pursuant to this Agreement and without any third party consent. The Member has not sold, assigned, or transferred
such Member’s LLC Units, and has not transferred or assigned any claim, right or interest associated therewith.

 

3.3            Investment
Representations.     The Member is aware of, and has had an opportunity to discuss with management, Parent’s
business, management, financial condition and the terms and conditions of the acquisition of the Shares and has acquired sufficient information
about Parent to reach an informed and knowledgeable decision to acquire the Shares. The Member has such knowledge, sophistication and
experience in financial and business matters that he/she/it is capable of evaluating the merits and risks of acquiring the Shares. The
Member is able to bear the economic risk of an investment in the Shares and, at the present time, is able to afford a complete loss of
such investment.

 

3.4            Taxation
Representations. The Member understands that such Member may suffer adverse tax consequences as a result of Member’s acquisition
or disposition of the Shares. The Member represents that such Member has consulted any tax consultants that such Member deems advisable
in connection with the acquisition of the Shares and that such Member is not relying on Parent for any tax advice.

 

3.5            Member
Intent. The Member is acquiring the Shares for the Member’s own account as principal, for investment purposes only, and not
for any other person and not with a view to, or for resale in connection with, any “distribution” thereof within the meaning
of the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), or under
any applicable provision of state law. The Member has not entered into any written or oral agreement to sell, transfer or otherwise dispose
of the Shares and does not have any present intention to transfer the Shares to any other person or entity.

 

3.6            Accredited
Investor. The Member is an “accredited investor” as defined in Rule 501(a) of the Securities Act. The Member
is not nor any of its Rule 506(d) Related Parties (as defined below) is a “bad actor” within the meaning of Rule 506(d) promulgated
under the Securities Act. For purposes of this Agreement, “Rule 506(d) Related Party” shall mean a person or entity
covered by the “Bad Actor disqualification” provision of Rule 506(d) of the Securities Act.

 

    

     

    

 

3.7            No
General Solicitation. At no time (a) has the Member or, if applicable, any of its officers, directors, employees or other
agents, been presented with or solicited by any publicly issued or circulated newspaper, mail, radio, television or other form of general
advertising or solicitation in connection with the acquisition of the Shares or the Exchange, whether or not such advertising or solicitation
was received directly from Parent or indirectly from a broker, finder or other person or entity, nor (b) has the Member or, if applicable,
any of its officers, directors, employees or other agents attended any public meeting or seminar concerning the acquisition of the Shares.

 

3.9            Non-contravention.
The Member is not obligated under any contract (including licenses, covenants or commitments of any nature) or other agreement,
or subject to any judgment, decree or order of any court or administrative agency, that would materially interfere with such Member’s
ability to comply with such Member’s obligations under this Agreement. The execution and delivery of this Agreement by such Member
will not conflict with or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant
or instrument under which such Member is now obligated.

 

3.10          Residence.
The Member resides in the state/country identified in the address of the Member set forth on such Member’s signature page to
this Agreement.

 

4.            Agreements
and Acknowledgements of Members. Each Member hereby agrees and acknowledges, each with respect to himself or herself only, to the
Parent as follows:

 

4.1            No
Registration. The Member understands and agrees that the Shares are being, or will be, acquired in a transaction not involving any
public offering within the meaning of the Securities Act, in reliance on an exemption therefrom, which exemption depends upon,
among other things, the bona fide nature of the Member’s investment intent as expressed herein. The Member acknowledges that Parent
has no obligation to register or qualify the Shares, or any shares or securities of Parent into which the Shares may be converted, for
resale. The Member further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on
various requirements including, but not limited to, the time and manner of sale, the holding period for the Shares, and on requirements
relating to Parent which are outside of the Member’s control, and which Parent is under no obligation and may not be able to satisfy.

 

4.2            Limitations
on Disposition and Resale. The Member understands and acknowledges that the Shares are “restricted securities” under applicable
U.S. federal and state securities laws and have not been registered under the Securities Act or the securities laws of any state and,
unless such shares are so registered, they may not be offered, sold, transferred or otherwise disposed of except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable securities laws of any
state or foreign jurisdiction. The Member understands that he/she/it may not be able to liquidate his/her/its investment in the Shares
and agrees not to sell, transfer or otherwise dispose of the Shares unless such shares have been so registered or an exemption from the
requirement of registration is available under the Securities Act and any applicable state securities laws. The Member recognizes that
there will not be any public trading market for the Shares, and, as a result, the Member may be unable to sell or dispose of the Shares.

 

    

     

    

 

4.3            Legend.
The Member acknowledges and agrees that certificates evidencing the Shares will bear the following legend (or one to substantially similar
effect):

 

THIS SECURITY HAS NOT BEEN REGISTERED
WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

 

5.            Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt or: (a) personal delivery to the party to be notified, (b) five (5) days after having
been sent by registered or certified mail, return receipt requested, postage prepaid, or (c) one (1) business day after deposit
with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with written verification of receipt.
All communications shall be sent to the respective parties at their address as set forth on the relevant signature page hereto, or
to such address as subsequently modified by written notice given in accordance with this Section 6. If notice is given to Parent,
it shall be sent to 17760 Newhope Street, Fountain Valley, CA 92075, Attention: Phil Rafnson; with a copy (which shall not constitute
notice) to Manatt, Phelps & Phillips, LLP, 2049 Century Park East, Suite 1700, Los Angeles, CA 90067, Attention: Katherine
Blair, Esq.

 

7.              Binding
Effect. This Agreement shall be binding upon and shall inure to the benefit of the parties and their successors and assigns. LLC is
an intended third party beneficiary of this Agreement.

 

8.              Governing
Law and Venue. This Agreement shall be construed, interpreted, governed, and enforced in accordance with the laws of the State of
Delaware, without regard to choice-of-law provisions. Each Member hereby consents to personal and exclusive jurisdiction and venue of
any state or federal court located in Los Angeles, California. Each Member agrees that the prevailing party in any legal action shall
be awarded its reasonable attorneys’ fees and costs.

 

9.              Entire
Agreement. This Agreement, and the documents referred to herein constitute the entire agreement between the parties hereto
pertaining to the subject matter hereof, and any and all other written or oral agreements relating to the subject matter hereof existing
between the parties hereto are expressly canceled.

 

10.            Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

 

11.            Counterparts.
This Agreement may be executed in counterparts, each of which shall be an original, but all of which together shall constitute one instrument.

 

[Signature page follows]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	Moving iMage Technologies, Inc.,	 
	a Delaware corporation	 
	 	 
	 	 
	By:	/s/ Phil Rafnson	 
	 	Name: Phil Rafnson	 
	 	Title: Chief Executive Officer	 

 

[PARENT SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Sound Management Investors, LLC	 
	 	 
	 	 
	By:	/s/ Philip L. Rafnson	 
	 	Name Philip L. Rafnson	 
	 	Title: President/Owner	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Joe Delgado	 
	 	 
	 	 
	 	/s/ Joe Delgado	 
	 	(signature)	 
	 	 	 

	 	Address: 	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

 

	MEMBER: Bevan Wright	 
	 	 
	 	 
	 	/s/ Bevan Wright	 
	 	(signature)	 
	 	 	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Glenn Sherman Estate	 
	 	 
	 	 
	By:	/s/ Inamarie Sherman	 
	 	Name: Inamarie Sherman	 
	 	Title:	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: David Richards	 
	 	 
	 	 
	 	/s/ David Richards	 
	 	(signature)	 
	 	 	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Jerry Van de Rydt	 
	 	 
	 	 
	 	/s/ Jerry Van de Rydt	 
	 	(signature)	 
	 	 	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Tom Lipiec	 
	 	 
	 	 
	 	/s/ Tom Lipiec	 
	 	(signature)	 
	 	 	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE
TO EXCHANGE AGREEMENT]

 

    

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first written above.

 

	MEMBER: Frank Tees	 
	 	 
	 	 
	 	/s/ Frank Tees	 
	 	(signature)	 
	 	 	 

	 	Address:	 
	 	 	 
	 	 	 

 

[MEMBER SIGNATURE PAGE TO EXCHANGE AGREEMENT]

 

    

     

    

 

SCHEDULE A

 

List of Members and Exchanged LLC Units for
Shares

 

	Name	 	LLC
 Units to be Exchanged
	 	 	Shares of Parent
 to be Issued
	 
	Sound Management Investors, LLC	 	 	4,627	 	 	 	1,098,328	 
	Joe Delgado	 	 	1,164	 	 	 	276,303	 
	Bevan Wright	 	 	1,344	 	 	 	319,030	 
	Glenn Sherman Estate	 	 	618	 	 	 	146,698	 
	David Richards	 	 	736	 	 	 	174,707	 
	Jerry Van de Rydt	 	 	643	 	 	 	152,631	 
	Tom Lipiec	 	 	418	 	 	 	99,222	 
	Frank Tees	 	 	350	 	 	 	83,081	 

 

    [Schedule A]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00330-of-00352.parquet"}]]