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DIAMOND HILL INVESTMENT GROUP, INC.
2022 EQUITY AND CASH INCENTIVE PLAN
The purpose of the Plan is to promote the Company’s long-term financial success and increase shareholder value by motivating performance through incentive compensation. The Plan also is intended to encourage Participants to acquire ownership interests in the Company, attract and retain talented employees and directors, and enable Participants to participate in the Company’s long-term growth and financial success.
ARTICLE I
DEFINITIONS
When used in the Plan, the following capitalized words, terms and phrases shall have the meanings set forth in this Article I.  For purposes of the Plan, the form of any word, term, or phrase shall include any and all of its other forms and the terms “including” and “include” shall in all cases mean “including, without limitation” and “include, without limitation”, respectively.
1.1    “Act” shall mean the Securities Exchange Act of 1934, as amended from time to time, or any successor thereto.
1.2    “Affiliate” shall mean any entity with whom the Company would be considered a single employer under Section 414(b) or (c) of the Code, but modified as permitted under Treasury Regulations promulgated under any Code section relevant to the purpose for which the definition is applied.
1.3    “Award” shall mean any Nonqualified Stock Option, Incentive Stock Option, Stock Appreciation Right, Restricted Stock, Other Stock-Based Award, or Cash-Based Award granted pursuant to the Plan. 
1.4    “Award Agreement” shall mean any written or electronic agreement, notice, or instrument (in such form as approved by the Committee) evidencing an Award.  If there is a conflict between the terms of the Plan and the terms of an Award Agreement, the terms of the Plan shall govern.
1.5    “Board” shall mean the Board of Directors of the Company.
1.6    “Cash-Based Award” shall mean a long-term Award granted pursuant to Article IX of the Plan.
1.7    “Cause” shall mean, unless otherwise provided in the related Award Agreement or in any employment agreement between the Participant and the Company or any Affiliate or in any other agreement between the Participant and the Company or any Affiliate, a Participant’s: (a) willful and continued failure to substantially perform the Participant’s assigned duties; (b) gross misconduct; (c) breach of any term of any agreement with the Company or any Affiliate, including the Plan and any Award Agreement; (d) conviction of (or plea of no contest or nolo contendere to): (i) a felony or a misdemeanor that originally was charged as a felony but which was subsequently reduced to a misdemeanor through negotiation with the charging entity, or (ii) a crime other than a felony, which involves a breach of trust or fiduciary duty owed to the Company, any Affiliate, or  any client of the Company or any Affiliate; or (e) violation of the Company’s code of conduct, Code of Ethics, Insider Trading Policy or any other policy of the Company or any Affiliate that applies to the Participant.  Notwithstanding the foregoing, “Cause” will not arise solely because the Participant is absent from active employment during periods of vacation, consistent with the Company’s applicable vacation policy, or other period of absence approved by the Company.
1.8    “Change in Control” shall mean, unless otherwise provided in any employment agreement between the Participant and the Company or any Affiliate or in any other agreement between the Participant and the Company or any Affiliate, the occurrence of any of the following:
(a)    Any transaction or series of transactions, whereby any person (as that term is used in Section 13 and 14(d)(2) of the Act), is or becomes the beneficial owner (as that term is used in Section 13(d) of the Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the combined voting power of the Company’s then outstanding securities; provided, that for purposes of this paragraph, the term “person” will exclude: (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or an Affiliate, (ii) a corporation owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership in the Company, and (iii) any venture capital firm or other investor in securities of the Company that first purchases any such securities within the thirty (30) day period following the effective date of the Plan;

(b)    Any merger, consolidation, other corporate reorganization, or liquidation of the Company in which the Company is not the continuing or surviving corporation or entity or pursuant to which Shares would be converted into cash, securities, or other property, other than: (i) a merger or consolidation with a wholly-owned subsidiary, (ii) a reincorporation of the Company in a different jurisdiction, or (iii) any other transaction in which there is no substantial change in the stockholders of the Company;
(c)    Any merger or consolidation of the Company with or into another entity or any other corporate reorganization, if more than fifty percent (50%) of the combined voting power of the continuing or surviving entity’s securities outstanding immediately after such merger, consolidation, or other reorganization is owned by persons who were not stockholders of the Company immediately prior to such merger, consolidation, or other reorganization; 
(d)    The sale, transfer, or other disposition of all or substantially all of the assets of the Company in one transaction or a series of transactions; or
(e)    A change or series of related or unrelated changes in the composition of the Board, during any twenty-four (24) month period beginning on the first anniversary of the effective date of the Plan, as a result of which fewer than fifty percent (50%) of the incumbent directors are directors who either (i) were Original Directors, or (ii) were elected, or nominated for election, to the Board with the affirmative votes of a least a majority of the aggregate of the Original Directors who were still in office at the time of the election or nomination and the directors whose election or nomination was previously so approved.
Notwithstanding the foregoing, the following transactions will not constitute a “Change in Control”:  (i) any transaction the sole purpose of which is to change the state of incorporation of the Company or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction; or (ii) with respect to any Award that is subject to Section 409A of the Code and for which no exception applies, any transaction or event described above that does not also constitute a “change in control event” within the meaning of Section 409A of the Code.
1.9    “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto.  Where appropriate, a reference to the Code shall also include the applicable Treasury Regulations and other official guidance promulgated thereunder.
1.10    “Committee” shall mean the Compensation Committee of the Board, which will be comprised of at least: (a) two (2) directors, each of whom is a “non-employee” director within the meaning of Rule 16b-3 under the Act, and (b) one “independent director” under the rules of the exchange on which the Shares are then listed.
1.11    “Company” shall mean Diamond Hill Investment Group, Inc., an Ohio corporation, and any successor thereto.
1.12    “Director” shall mean a person who is a member of the Board, excluding any member who is an Employee. 
1.13    “Disability” shall mean:
(a)    With respect to an Incentive Stock Option, “disability” as defined in Section 22(e)(3) of the Code; and
(b)    With respect to any other Award, unless otherwise provided in the related Award Agreement: (i) the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; (ii) the Participant is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering Employees of the Company or any Affiliate; or (iii) the Participant is determined to be totally disabled by the Social Security Administration or Railroad Retirement Board.
1.14    “Effective Date” shall mean the effective date of the Plan as set forth in Article XVI.  
1.15    “Employee” shall mean any person who is a common law employee of the Company or any Affiliate.  A person who is classified as other than a common law employee but who is subsequently reclassified as a common law employee of the Company or any Affiliate for any reason and on any basis shall be treated as a common law 
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employee only from the date that reclassification occurs and shall not retroactively be reclassified as an Employee for any purpose under the Plan.
1.16    “Fair Market Value” shall mean the value of one Share on any relevant date, determined under the following rules:
(a)    If the Shares are traded on an exchange, the reported “closing price” on the relevant date if it is a trading day, otherwise on the next trading day;
(b)    If the Shares are traded over-the-counter with no reported closing price, the mean between the lowest bid and the highest asked prices on that quotation system on the relevant date if it is a trading day, otherwise on the next trading day; or
(c)    If neither (a) nor (b) applies: (i) with respect to Options, Stock Appreciation Rights and any Award that is subject to Section 409A of the Code, the value as determined by the Committee through the reasonable application of a reasonable valuation method, taking into account all information material to the value of the Company, within the meaning of Section 409A of the Code and the Treasury Regulations promulgated thereunder, and (ii) with respect to all other Awards, the fair market value as determined by the Committee in good faith.
1.17    “Grant Date” shall mean the date on which any Nonqualified Stock Option, Incentive Stock Option, Stock Appreciation Right, Restricted Stock, Other Stock-Based Award, or Cash-Based Award is granted pursuant to the Plan.  
1.18    “Incentive Stock Option” shall mean an Option that is intended to meet the requirements of Section 422 of the Code. 
1.19    “Nonqualified Stock Option” shall mean an Option that is not intended to be an Incentive Stock Option.
1.20    “Option” shall mean an option to purchase Shares that is granted pursuant to Article V of the Plan.  An Option may be either an Incentive Stock Option or a Nonqualified Stock Option.
1.21    “Original Director” shall mean a person who was a director of the Company on the later of: (a) such first anniversary of the effective date of the Plan, or (b) the date twenty-four (24) months prior to the date of an event that may constitute a Change in Control.  
1.22    “Other Stock-Based Award” shall mean an Award granted pursuant to Article VIII of the Plan.
1.23    “Participant” shall mean an Employee or Director who is granted an Award under the Plan.
1.24    “Performance-Based Award” shall mean an Award described in Article X of the Plan.
1.25    “Performance Criteria” shall mean any performance criteria determined by the Committee in its sole discretion.
1.26    “Plan” shall mean the Diamond Hill Investment Group, Inc. 2022 Equity and Cash Incentive Plan, as set forth herein and as may be amended from time to time.
1.27    “Pre-existing Plan” shall mean the Diamond Hill Investment Group, Inc. 2014 Equity and Cash Incentive Plan. Upon approval of the Plan by the Company’s shareholders, no further awards will be issued under the Pre-existing Plan, although the Pre-existing Plan will remain in effect after the Company’s shareholders approve the Plan for purposes of determining any Participant’s right to awards issued under the Pre-existing Plan before that date.
1.28    “Restricted Stock” shall mean an Award granted pursuant to Article VII of the Plan.
1.29    “Retirement” shall mean, unless otherwise provided in the related Award Agreement or in any employment agreement between the Participant and the Company or any Affiliate or in any other agreement between the Participant and the Company or any Affiliate, a Participant’s voluntary termination of employment that is determined to constitute a “retirement” by the Committee. 
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1.30    “Shares” shall mean the common shares, without par value, of the Company or any security of the Company issued in satisfaction, exchange or in place of these shares.
1.31    “Stock Appreciation Right” shall mean an Award granted pursuant to Article VI of the Plan.
1.32    “Subsidiary” shall mean: (a) with respect to an Incentive Stock Option, a “subsidiary corporation” as defined under Section 424(f) of the Code; and (b) for all other purposes under the Plan, any corporation or other entity in which the Company owns or controls, directly or indirectly, fifty percent (50%) or more of the voting stock or economic interests of such corporation or entity.
ARTICLE II
SHARES SUBJECT TO THE PLAN
2.1    Number of Shares Available for Awards.  Subject to this Article II, the aggregate number of Shares with respect to which Awards may be granted under the Plan shall be 300,000, all of which may be granted with respect to Incentive Stock Options.  The Shares may consist, in whole or in part, of treasury Shares, authorized but unissued Shares not reserved for any other purpose, or Shares purchased by the Company or an independent agent in the open market for such purpose.  Subject to this Article II, upon a grant of an Award, the number of Shares available for issuance under the Plan shall be reduced by an amount equal to the number of Shares subject to such Award.  Any Shares underlying such an Award that become available for future grant under the Plan pursuant to Section 2.2 of the Plan shall be added back to the Plan in an amount equal to such number of Shares.  
2.2    Share Usage.  In addition to the number of Shares provided for in Section 2.1 of the Plan, the following Shares shall be available for Awards under the Plan: (a) Shares covered by an Award that expires or is forfeited, canceled, surrendered, or otherwise terminated without the issuance of such Shares; (b) Shares covered by an Award that is settled in cash in lieu of Shares; and (c) Shares granted through the assumption of, or in substitution for, outstanding awards granted by a company to individuals who become Employees or Directors as the result of a merger, consolidation, acquisition, or other corporate transaction involving such company and the Company or any of its Affiliates.  Notwithstanding anything in the Plan to the contrary, in no event shall the following Shares again become available for issuance as Awards under the Plan: (a) Shares not issued or delivered as a result of the net settlement of an Option or a Stock Appreciation Right that is settled in Shares; (b) Shares tendered or withheld to pay the exercise price of an Award; (c) Shares tendered or withheld to pay the withholding taxes related to an Award; and (d) Shares repurchased on the open market with the proceeds of an Option exercise.
2.3    Fiscal Year Limits.  Subject to Section 2.5 of the Plan, during any fiscal year of the Company, a Participant may not be granted: (a) Options covering more than 25,000 Shares; (b) Stock Appreciation Rights covering more than 25,000 Shares; (c) more than 25,000 Shares of Restricted Stock; (d) Other Stock-Based Awards covering more than 25,000 Shares; (e) Cash-Based Awards with a value in excess of $5,000,000; (f) Performance-Based Awards that are to be settled in Shares covering more than 25,000 Shares; and (g) Performance-Based Awards that are to be settled in cash in excess of $5,000,000.
2.4    Exception to Minimum Vesting Requirements.  Notwithstanding anything in the Plan to the contrary: (a) the Committee may grant Awards covering up to five percent (5%) of the Shares available for issuance pursuant to Section 2.1 of the Plan, without regard to the minimum vesting requirements of Sections 5.5, 6.5, 7.3(a), and 8.1 of the Plan, and (b) for purposes of Awards to Directors, the vesting period will be deemed to be one (1) year if such vesting period runs from the date of one annual meeting of shareholders of the Company to the next annual meeting of shareholders of the Company; provided that, such annual meetings are at least fifty (50) weeks apart. 
2.5    Adjustments.  In the event of any Share dividend, Share split, recapitalization (including payment of an extraordinary dividend), merger, reorganization, consolidation, combination, spin-off, distribution of assets to shareholders, exchange of Shares, or any other change affecting the Shares, the Committee shall make such substitutions and adjustments, if any, as it deems equitable and appropriate to: (a) the aggregate number of Shares that may be issued under the Plan; (b) any Share-based limits imposed under the Plan; and (c) the exercise price, number of Shares, and other terms or limitations applicable to outstanding Awards.  Notwithstanding the foregoing, an adjustment pursuant to this Section 2.5 shall be made only to the extent such adjustment complies, to the extent applicable, with Section 409A of the Code.
ARTICLE III
ADMINISTRATION
3.1    In General.  The Plan shall be administered by the Committee.  The Committee shall have full power and authority to: (a) interpret the Plan and any Award Agreement; (b) establish, amend, and rescind any rules and 
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regulations relating to the Plan; (c) select Participants; (d) establish the terms and conditions of any Award consistent with the terms and conditions of the Plan; and (e) make any other determinations that it deems necessary or desirable for the administration of the Plan.  The Committee may correct any defect, supply any omission, or reconcile any inconsistency in the Plan or in any Award Agreement in the manner and to the extent the Committee deems necessary or desirable.  Any decision of the Committee in the interpretation and administration of the Plan shall be made in the Committee’s sole and absolute discretion and shall be final, conclusive, and binding on all Participants.
3.2    Delegation of Duties.  The Committee may delegate its authority to the management of the Company to grant Awards to eligible Employees who are not subject to Section 16 of the Act.  In its sole discretion, the Committee may delegate any ministerial duties associated with the Plan to any person (including Employees) it deems appropriate; provided, however, that the Committee may not delegate: (a) any duties that it is required to discharge to comply with any applicable law; and (b) its authority to grant Awards to any Participant who is subject to Section 16 of the Act.
ARTICLE IV
ELIGIBILITY
4.1    Eligibility.  The Committee may designate any Employee or Director as a Participant for purposes of receiving an Award under the Plan.  Notwithstanding the foregoing: (a) any Non-Qualified Stock Option or Award subject to Section 409A of the Code may be granted to Employees or Directors of Affiliates only to the extent consistent with Section 409A of the Code; and (b) only Employees of the Company or a Subsidiary may be granted an Incentive Stock Option. 
4.2    Actual Participation.  Subject to the provisions of the Plan, the Committee may, from time to time, select from among all eligible individuals, those individuals to whom Awards will be granted and will determine the nature and amount of each Award.  No individual will have any right to be granted an Award pursuant to this Plan.
ARTICLE V
OPTIONS
5.1    Grant of Options.  Subject to the terms and conditions of the Plan, Options may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion.
5.2    Award Agreement.  Each Option shall be evidenced by an Award Agreement that shall specify the exercise price, the term of the Option, the number of Shares covered by the Option, the conditions upon which the Option shall become vested and exercisable, and such other terms and conditions as the Committee shall determine and which are consistent with the terms and conditions of the Plan.  The Award Agreement also shall specify whether the Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option.
5.3    Exercise Price.  The exercise price per Share of an Option shall be determined by the Committee at the time the Option is granted and set forth in the related Award Agreement; provided, however, that in no event shall the exercise price of any Option be less than one hundred percent (100%) of the Fair Market Value of a Share on the Grant Date.
5.4    Term.  The term of an Option shall be determined by the Committee and set forth in the related Award Agreement; provided, however, that in no event shall the term of any Option exceed ten (10) years from its Grant Date.
5.5    Exercisability.  Options shall become exercisable at such times and upon such terms and conditions as shall be determined by the Committee and set forth in the related Award Agreement.  Such terms and conditions may include the satisfaction of (a) performance goals based on one or more Performance Criteria; and (b) time-based vesting requirements.  Notwithstanding the foregoing, subject to Section 2.4 and Article XII of the Plan or as otherwise described in the related Award Agreement in connection with a Participant’s death, termination due to Disability, and/or Retirement, no Option shall vest, in full or in part, prior to the one (1) year anniversary of its Grant Date.
5.6    Exercise of Options.  Except as otherwise provided in the Plan or in a related Award Agreement, an Option may be exercised for all or any portion of the Shares for which it is then exercisable.  An Option shall be exercised by the delivery of a notice of exercise to the Company or its designee in a form specified by the Committee that sets forth the number of Shares with respect to which the Option is to be exercised and full payment 
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of the exercise price for such Shares.  The exercise price of an Option shall be paid in cash or its equivalent or in such other form, if and to the extent permitted by the Committee, in its sole discretion, including: (a) by tendering (either by actual delivery or attestation) previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the aggregate exercise price; (b) by a cashless exercise (including by withholding Shares deliverable upon exercise and through a broker-assisted arrangement to the extent permitted by applicable law); or (c) by a combination of cash (or its equivalent) and the methods described in clauses (a) and/or (b).  Subject to the terms of the Plan, as soon as practicable after receipt of the notification of exercise and full payment of the exercise price on an Option, the Company shall cause the appropriate number of Shares to be issued to the Participant.
5.7    Dividends.  Notwithstanding anything in the Plan to the contrary, in no event will dividends or dividend equivalents be payable or credited in respect of Options.  
5.8    Special Rules Applicable to Incentive Stock Options.  Notwithstanding any other provision in the Plan to the contrary:
(a)    The terms and conditions of Incentive Stock Options shall be subject to, and comply with, the requirements of Section 422 of the Code.
(b)    The aggregate Fair Market Value of the Shares (determined as of the Grant Date) with respect to which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Subsidiaries) may not be greater than $100,000 (or such other amount specified in Section 422 of the Code), as calculated under Section 422 of the Code.
(c)    No Incentive Stock Option shall be granted to any Participant who, at the time the Incentive Stock Option is granted, owns stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company or of any Subsidiary, unless: (i) the exercise price of such Incentive Stock Option is at least one hundred ten percent (110%) of the Fair Market Value of a Share on the Grant Date of the Incentive Stock Option, and (ii) the date on which such Incentive Stock Option will expire is not later than five (5) years from the Grant Date of the Incentive Stock Option.
ARTICLE VI
STOCK APPRECIATION RIGHTS
6.1    Grant of Stock Appreciation Rights.  Subject to the terms and conditions of the Plan, Stock Appreciation Rights may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion.
6.2    Award Agreement.  Each Stock Appreciation Right shall be evidenced by an Award Agreement that shall specify the exercise price, the term of the Stock Appreciation Right, the number of Shares covered by the Stock Appreciation Right, the conditions upon which the Stock Appreciation Right shall become vested and exercisable, and such other terms and conditions as the Committee shall determine and which are consistent with the terms and conditions of the Plan.
6.3    Exercise Price.  The exercise price per Share of a Stock Appreciation Right shall be determined by the Committee at the time the Stock Appreciation Right is granted and set forth in the related Award Agreement; provided, however, that in no event shall the exercise price of any Stock Appreciation Right be less than one hundred percent (100%) of the Fair Market Value of a Share on the Grant Date.
6.4    Term.  The term of a Stock Appreciation Right shall be determined by the Committee and set forth in the related Award Agreement; provided however, that in no event shall the term of any Stock Appreciation Right exceed ten (10) years from its Grant Date.
6.5    Exercisability of Stock Appreciation Rights.  A Stock Appreciation Right shall become exercisable at such times and upon such terms and conditions as may be determined by the Committee and set forth in the related Award Agreement.  Such terms and conditions may include the satisfaction of: (a) performance goals based on one or more Performance Criteria, and (b) time-based vesting requirements.  Notwithstanding the foregoing, subject to Section 2.4 and Article XII of the Plan or as otherwise described in the related Award Agreement in connection with a Participant’s death, termination due to Disability, and/or Retirement, no Stock Appreciation Right shall vest, in full or in part, prior to the one (1) year anniversary of its Grant Date.
6.6    Exercise of Stock Appreciation Rights.  Except as otherwise provided in the Plan or in a related Award Agreement, a Stock Appreciation Right may be exercised for all or any portion of the Shares for which it is 
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then exercisable.  A Stock Appreciation Right shall be exercised by the delivery of a notice of exercise to the Company or its designee in a form specified by the Committee that sets forth the number of Shares with respect to which the Stock Appreciation Right is to be exercised.  Upon exercise, a Stock Appreciation Right shall entitle a Participant to an amount equal to: (a) the excess of (i) the Fair Market Value of a Share on the exercise date over (ii) the exercise price per Share, multiplied by (b) the number of Shares with respect to which the Stock Appreciation Right is exercised.  A Stock Appreciation Right may be settled in full Shares, cash, or a combination thereof, as specified by the Committee in the related Award Agreement.
6.7    Dividends.  Notwithstanding anything in the Plan to the contrary, in no event will dividends or dividend equivalents be credited or payable in respect of Stock Appreciation Rights.
ARTICLE VII
RESTRICTED STOCK
7.1    Grant of Restricted Stock.  Subject to the terms and conditions of the Plan, Shares of Restricted Stock may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion.
7.2    Award Agreement.  Each Restricted Stock Award shall be evidenced by an Award Agreement that shall specify the number of Shares of Restricted Stock, the restricted period(s) applicable to the Shares of Restricted Stock, the conditions upon which the restrictions on the Shares of Restricted Stock will lapse, and such other terms and conditions as the Committee shall determine and which are consistent with the terms and conditions of the Plan.
7.3    Terms, Conditions and Restrictions.
(a)    The Committee shall impose such other terms, conditions, and/or restrictions on any Shares of Restricted Stock as it may deem advisable, which may include a requirement that the Participant pay a purchase price for each Share of Restricted Stock, restrictions based on the achievement of specific performance goals (which may be based on one or more Performance Criteria), time-based restrictions, or holding requirements or sale restrictions placed on the Shares by the Company upon vesting of such Restricted Stock.  Notwithstanding the foregoing, subject to Section 2.4 and Article XII of the Plan or as described in the related Award Agreement in connection with a Participant’s death, termination due to Disability, and/or Retirement, no Restricted Stock Award shall vest, in full or in part, prior to the one (1) year anniversary of its Grant Date.
(b)    To the extent deemed appropriate by the Committee, the Company may retain the certificates representing Shares of Restricted Stock in the Company’s possession until such time as all terms, conditions, and/or restrictions applicable to such Shares have been satisfied or lapse.
(c)    Unless otherwise provided in the related Award Agreement or required by applicable law, the restrictions imposed on Shares of Restricted Stock shall lapse upon the expiration or termination of the applicable restricted period and the satisfaction of any other applicable terms and conditions.
7.4    Rights Associated with Restricted Stock during Restricted Period.  During any restricted period applicable to Shares of Restricted Stock:
(a)    Such Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated.
(b)    Unless otherwise provided in the related Award Agreement: (i) the Participant shall be entitled to exercise full voting rights associated with such Shares of Restricted Stock; and (ii) the Participant shall be entitled to all dividends and other distributions paid with respect to such Shares of Restricted Stock during the restricted period.  
ARTICLE VIII
OTHER STOCK-BASED AWARDS
8.1    Grant of Other Stock-Based Awards.  Subject to the terms and conditions of the Plan, Other Stock-Based Awards may be granted to Participants in such number, and upon such terms and conditions, as shall be determined by the Committee in its sole discretion.  Other Stock-Based Awards are Awards that are valued in whole or in part by reference to, or otherwise based on the Fair Market Value of, the Shares, and shall be in such form as the Committee shall determine, including: (a) unrestricted Shares, or (b) time-based or performance-based restricted stock units that are settled in Shares and/or cash.  Notwithstanding the foregoing, subject to Section 2.4 and Article XII of the Plan or as otherwise described in the related Award Agreement in connection with a Participant’s death, 
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termination due to Disability, and/or Retirement, no Other Stock-Based Award shall vest, in full or in part, prior to the one (1) year anniversary of its Grant Date.
8.2    Award Agreement.  Each Other Stock-Based Award shall be evidenced by an Award Agreement that shall specify the number of Other Stock-Based Awards, terms and conditions upon which the Other Stock-Based Award shall become vested, the form of settlement, and such other terms and conditions as the Committee shall determine and which are consistent with the terms and conditions of the Plan.  
8.3    Form of Settlement.  An Other Stock-Based Award may be settled in full Shares, cash, or a combination thereof, as specified by the Committee in the related Award Agreement.
8.4    Dividend Equivalents.  Awards of Other Stock-Based Awards may provide the Participant with dividend equivalents, as determined by the Committee in its sole discretion and set forth in the related Award Agreement; provided, however, that notwithstanding the foregoing, payment of any such dividend equivalents will be subject to the same terms, conditions, and restrictions (including risk of forfeiture (if applicable)) as the Other Stock-Based Award with respect to which they are paid and, in no event, will any such dividend equivalents be paid unless and until the Other Stock-Based Award to which they relate has vested.  
ARTICLE IX
CASH-BASED AWARDS
Subject to the terms and conditions of the Plan, long-term Cash-Based Awards may be granted to Participants in such amounts and upon such other terms and conditions as shall be determined by the Committee in its sole discretion.  Each such long-term Cash-Based Award shall be evidenced by an Award Agreement that shall specify the payment amount or payment range, the time of settlement, and the other terms and conditions, as applicable, of such Award which may include performance objectives and that the Cash-Based Award is a Performance-Based Award under Article X.
ARTICLE X
PERFORMANCE-BASED AWARDS
10.1    In General.  Any Award may be granted as a Performance-Based Award.  As determined by the Committee in its sole discretion, the grant, vesting, exercisability, and/or settlement of any Performance-Based Award shall be conditioned on the attainment of performance goals based upon one or more Performance Criteria during a performance period established by the Committee.  
10.2    Performance Criteria.
(a)    The Performance Criteria for Performance-Based Awards shall be established by the Committee in its sole discretion. 
(b)    The Performance Criteria may relate to the individual Participant, the Company, one or more of its Affiliates, one or more of their respective divisions or business units, or any combination of the foregoing, and may be applied on an absolute basis and/or be relative to one or more peer group companies or indices, or any combination thereof, in each case, as determined by the Committee in its sole discretion.
(c)    The Committee may, in its sole discretion, provide amounts relating to, or arising from, extraordinary items, unusual or non-recurring events, and/or changes in applicable tax laws or accounting principles be included or excluded from the Performance Criteria.  
10.3    Establishment of Performance Goals.  With respect to Performance-Based Awards, the Committee shall establish: (a) the applicable performance goals and performance period, and (b) the formula for computing the Performance-Based Award.  
10.4    Determination of Performance.  With respect to Performance-Based Awards, the Committee shall determine, in its sole discretion, whether the applicable performance goals and other material terms imposed on such Performance-Based Awards have been satisfied, and, if they have, ascertain the amount of the applicable Performance-Based Award.  
10.5    Increases Prohibited.  Notwithstanding any provision of the Plan or an Award Agreement to the contrary, none of the Committee, the Board, the Company, or any Affiliate may increase the amount of compensation payable under a Performance-Based Award.  The Committee may adjust downward, but not upward, 
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the amount payable pursuant to such an Award, and the Committee may not waive the achievement of the applicable performance goal, except in the case of a Change in Control, or the death, Disability, and/or Retirement of the Participant. 
10.6    Dividends and Dividend Equivalents.  Performance-Based Awards may provide the Participant with dividends or dividend equivalents, as determined by the Committee, in its sole discretion, and set forth in the related Award Agreement; provided, however, that notwithstanding the foregoing, payment of any such dividends or dividend equivalents will be subject to the same terms, conditions, and restrictions, as are applicable to such underlying Awards, as specified in either Section 5.7, 6.7, 7.4(b), or 8.4 of the Plan.  
ARTICLE XI
TERMINATION OF EMPLOYMENT OR SERVICE
11.1    Effect of Termination of Employment or Service.  With respect to each Award granted under the Plan, the Committee shall, subject to the terms and conditions of the Plan, determine the extent to which the Award shall vest and the extent to which the Participant shall have the right to exercise and/or receive settlement of the Award on or following the Participant’s termination of employment or services with the Company and/or any of its Affiliates.  Such provisions shall be determined in the sole discretion of the Committee, shall be included in the related Award Agreement, need not be uniform among all Participants or Awards granted under the Plan, and may reflect distinctions based on the reasons for termination.  Except as otherwise provided in the Plan, the vesting conditions of an Award may only be accelerated upon the death, termination due to Disability, and/or Retirement of the Participant.  
11.2    Default Provisions.  If the Award Agreement does not specify the effect of a Participant’s termination of employment or services with the Company and/or any of its Affiliates on the vesting, exercisability and/or settlement of Awards, the following provisions shall apply:
(a)    Death, Disability or Retirement.  In the event of a Participant’s death, Disability, and/or Retirement: (i) all exercisable Awards may be exercised for the remainder of the term of such Award (provided, however, that any Incentive Stock Option that is not exercised within twelve (12) months following the Participant’s death, Disability, and/or Retirement will be treated as a Nonqualified Stock Option); (ii) a pro rata portion of all unvested Awards shall vest, as determined by the Committee in its sole discretion, based on the amount of time elapsed during the vesting period prior to the date of death, Disability, and/or Retirement, or the attainment of the Performance Criteria, over the portion of the performance period elapsed as of the date of death, Disability, and/or Retirement; and (iii) all unvested Awards that do not vest pursuant to this Section 11.2(a) shall terminate and be forfeited as of the date of death, Disability, and/or Retirement.
(b)    Termination for Cause.  If a Participant is terminated for Cause, all Awards, whether or not vested and/or exercisable, shall terminate and be forfeited as of the date of termination.
(c)    Other Termination.  If a Participant terminates for any other reason: (i) all exercisable Awards may be exercised for the remainder of the term of such Award; provided, however, that any Incentive Stock Option that is not exercised within three (3) months following the Participant’s termination will be treated as a Nonqualified Stock Option; and (ii) all unvested Awards shall terminate and be forfeited as of the date of termination.
ARTICLE XII
CHANGE IN CONTROL
12.1    In General.  Except as otherwise provided in the related Award Agreement, in the event of a Change in Control, all outstanding Awards shall become immediately vested and exercisable and the Committee, in its sole discretion, may take such actions, if any, as it deems necessary or desirable with respect to any such Awards, including, without limitation: (a) by providing for a cash payment in exchange for the cancellation of an Award; or (b) the issuance of substitute Awards that substantially preserve the value, rights, and benefits of any affected Awards.  Any action relating to an Award that is subject to Section 409A of the Code shall be consistent with the requirements thereof. 
12.2    Effect of Section 280G of the Code.  Unless specified otherwise in the related Award Agreement or in another written agreement between the Participant and the Company or any Affiliate, if the Company concludes that any payment or benefit due to a Participant under the Plan, when combined with any other payment or benefit due to the Participant from the Company or any of its Affiliates (collectively, the “Payor”), would be considered a “parachute payment” within the meaning of Section 280G of the Code, the Payor will reduce the payments and benefits due to the Participant under the Plan to $1.00 less than the amount that would otherwise be considered a 
-9-

“parachute payment” within the meaning of Section 280G of the Code.  Any reduction pursuant to this Section 12.2 of the Plan shall be made in accordance with Section 409A of the Code and the Treasury Regulations promulgated thereunder.
ARTICLE XIII
AMENDMENT OR TERMINATION OF THE PLAN
13.1    In General.  Except as otherwise provided in the Plan, the Board or the Committee may amend or terminate the Plan or any Award Agreement at any time; provided, however, that no amendment or termination shall be made without the approval of the Company’s shareholders to the extent that: (a) the amendment materially increases the benefits accruing to Participants under the Plan, (b) the amendment increases the aggregate number of Shares authorized for grant under the Plan (excluding an increase in the number of Shares that may be issued under the Plan as a result of Section 2.5 of the Plan), (c) the amendment materially modifies the requirements as to eligibility for participation in the Plan, or (d) such approval is required by any applicable law, regulation, or stock exchange rule.
13.2    Awards Previously Granted.  No amendment or termination of the Plan or an Award Agreement shall adversely affect in any material way any outstanding Award previously granted under the Plan, without the written consent of the Participant holding such Award, provided that, no such consent shall be required with respect to any amendment or termination that the Board or the Committee determines, in its sole discretion, is necessary or advisable in order for the Company, the Plan, or an Award to satisfy or conform to any applicable law or regulation or to meet the requirements of any applicable accounting standard. 

13.3    Repricing.  Except for adjustments made pursuant to Section 2.5 of the Plan, in no event may the Board or the Committee, without approval of the Company’s shareholders: (a) amend the terms of an outstanding Option or Stock Appreciation Right to reduce the exercise price of such Option or Stock Appreciation Right, (b) cancel an outstanding Option or Stock Appreciation Right in exchange for a new Option or Stock Appreciation Right with an exercise price that is less than the exercise price of the original Option or Stock Appreciation Right, or (c) at any time when the exercise price of an outstanding Option or Stock Appreciation Right is greater than the Fair Market Value of a Share, cancel such Option or Stock Appreciation Right in exchange for cash or other Awards.  
ARTICLE XIV
TRANSFERABILITY
14.1    Non-Transferability.  Except as described in Section 14.2 of the Plan or as provided in a related Award Agreement, an Award may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, except by will or the laws of descent and distribution and, during a Participant’s lifetime, may be exercised only by the Participant or the Participant’s guardian or legal representative.  
14.2    Beneficiary.  Unless otherwise specifically designated by the Participant in writing, a Participant’s beneficiary under the Plan shall be the Participant’s spouse or, if no spouse survives the Participant, the Participant’s estate.
ARTICLE XV
MISCELLANEOUS
15.1    No Right to Continued Service or to Awards.  Neither the Plan nor the granting of an Award under the Plan shall impose any obligation on the Company or any Affiliate to continue the employment or services of a Participant or interfere with or limit the right of the Company or any Affiliate to terminate the services of any Participant at any time.  In addition, no Participant shall have any right to be granted any Award, and there is no obligation for uniformity of treatment of Participants.  The terms and conditions of Awards and the Committee’s interpretations and determinations with respect thereto need not be the same with respect to each Participant.
15.2    Tax Withholding.
(a)    The Company or an Affiliate, as applicable, shall have the power and the right to deduct, withhold, or collect any amount required by applicable law or regulation to be withheld with respect to any taxable event arising with respect to an Award granted under the Plan.  This amount may, as determined by the Committee in its sole discretion, be: (i) withheld from other amounts due to the Participant, (ii) withheld from the value of any Award being settled or any Shares being transferred in connection with the exercise or settlement of an Award, 
-10-

(iii) collected directly from the Participant, or (iv) withhold using any combination of the methods described in (i), (ii), or (iii).
(b)    Subject to the approval of the Committee, a Participant may elect to satisfy the withholding requirement, in whole or in part, by having the Company or an Affiliate, as applicable, withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the statutory total tax that could be imposed on the transaction; provided that, such Shares would otherwise be distributable to the Participant at the time of the withholding.  All such elections shall be irrevocable and made in writing and shall be subject to any terms and conditions that the Committee, in its sole discretion, deems appropriate.
15.3    Election Under Section 83(b) of the Code. In any case in which a Participant is permitted to make an election under Section 83(b) of the Code in connection with an Award, the Participant shall notify the Company of such election within ten (10) days of filing notice of the election with the Internal Revenue Service or other governmental authority, in addition to any filing and notification required pursuant to Treasury Regulations issued under Section 83(b) of the Code or other applicable provision.
15.4    Requirements of Law.  The Plan, the grant and exercise of Awards thereunder, and the issuance of Shares under such Awards shall be subject to all applicable federal, state, and local laws, rules, and regulations (including all applicable federal and state securities laws) and to all required approvals of any governmental agencies or stock exchange, market, or quotation system on which the Shares are then listed or traded.  Without limiting the foregoing, the Company shall have no obligation to issue Shares under the Plan prior to: (a) receipt of any approvals from any governmental agencies or stock exchange, market, or quotation system on which the Shares are then listed or traded that the Committee deems necessary; and (b) completion of registration or other qualification of the Shares under any applicable federal, state, or local law or ruling of any governmental agency that the Committee deems necessary.
15.5    Legends.  Certificates for Shares delivered under the Plan may be subject to such stock transfer orders and other restrictions that the Committee deems advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange, market, or quotation system upon which the Shares are then listed or traded, or any other applicable federal, state, or local law.  The Committee may cause a legend or legends to be placed on any certificates issued under the Plan to make appropriate reference to restrictions within the scope of this Section 15.5 of the Plan.
15.6    Uncertificated Shares.  To the extent that the Plan provides for the issuance of certificates to reflect the transfer of Shares, the transfer of Shares may be effected on an uncertificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange, market, or quotation system on which the Shares are then listed or traded.
15.7    Compensation Recovery.  To the extent that any applicable law, rule, regulation, or policy requires the repayment of incentive-based compensation received by a Participant, whether paid pursuant to an Award under the Plan or any other incentive-based compensation maintained in the past or adopted in the future by the Company or any Affiliate, by accepting an Award under this Plan, the Participant agrees to the repayment of such amounts to the extent required by such applicable law, rule, regulation, or policy.
15.8    Governing Law.  The Plan and all Award Agreements shall be governed by and construed in accordance with the laws of the State of Ohio, without regard to its conflicts of law provisions.
15.9    No Impact on Benefits.  Awards are not compensation for purposes of calculating a Participant’s rights under any employee benefit plan that does not specifically require the inclusion of Awards in calculating benefits.
15.10    Rights as a Shareholder.  Except as otherwise provided in the Plan or in a related Award Agreement, a Participant shall have none of the rights of a shareholder with respect to Shares covered by an Award unless and until the Participant becomes the record holder of such Shares.
15.11    Fractional Shares. No fractional Shares shall be issued under the Plan, and the Committee shall determine, in its sole discretion, whether cash shall be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down.
15.12    Successors and Assigns.  The Plan shall be binding on all successors and assigns of the Company and each Participant, including the estate of such Participant and the executor, administrator, or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors. 
-11-

15.13    Compliance With Section 409A of the Code. Awards shall be designed, granted, and administered in such a manner that they are either exempt from the application of, or comply with, the requirements of Section 409A of the Code. The Plan and each Award Agreement under the Plan that is intended to comply with the requirements of Section 409A of the Code shall be construed and interpreted in accordance with such intent. If the Committee determines that an Award, Award Agreement, payment, distribution, deferral election, transaction, or any other action or arrangement contemplated by the provisions of the Plan would, if undertaken, cause a Participant to become subject to additional taxes under Section 409A of the Code, then unless the Committee specifically provides otherwise, such Award, Award Agreement, payment, distribution, deferral election, transaction, or other action or arrangement shall not be given effect to the extent it causes such result and the related provisions of the Plan and Award Agreement shall be deemed modified, or, if necessary, suspended in order to comply with the requirements of Section 409A of the Code to the extent determined appropriate by the Committee, in each case without the consent of or notice to the Participant. The exercisability of an Option or a Stock Appreciation Right shall not be extended to the extent that such extension would subject the Participant to additional taxes under Section 409A of the Code. Notwithstanding any other provision of the Plan or an Award Agreement to the contrary, if an Award is not exempt from the requirements of Section 409A of the Code, the Participant is a “specified employee” (within the meaning of Section 409A of the Code) and a payment under the Award is due as a result of such individual’s “separation from service” (as that term is defined for purposes of Section 409A of the Code using the default rules), then no payment shall be made under the Award due to such separation from service before the date that is six (6) months after the date on which the Participant incurs such separation from service, except as otherwise allowed by Section 409A of the Code.
15.14    Savings Clause.  In the event that any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining provisions of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.
ARTICLE XVI
EFFECTIVE DATE AND TERM OF THE PLAN
The Effective Date of the Plan is April 27, 2022.  No Incentive Stock Options shall be granted under the Plan after February 24, 2032 and no other Awards shall be granted under the Plan after the tenth (10th) anniversary of the Effective Date or, if earlier, the date the Plan is terminated. Notwithstanding the foregoing, the termination of the Plan shall not preclude the Company from complying with the terms of Awards outstanding on the date the Plan terminates.  After the Effective Date, no grants of awards shall be made under the Pre-existing Plan.  

-12-Exhibit
10.1

 

 

 

Share
Exchange Agreement

 

by
and among

 

Descrypto
Holdings, Inc.,

 

OpenLocker
Inc.,

 

The
Stockholders of OpenLocker Inc. Party Hereto

 

And

 

Brian
Klatsky as the Stockholders’ Representative

 

 

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	PAGE
	 	 	 
	Article
    I.	Definitions
    and Interpretations	1
	Section
    1.01	Definitions.	1
	Section
    1.02	Interpretive
    Provisions.	7
	 	 	 
	Article
    II.	The
    Transactions	7
	Section
    2.01	Additional
    Stockholders.	7
	Section
    2.02	The
    Exchange.	8
	Section
    2.03	Additional
    Agreements and Actions at and Following the Closing.	8
	Section
    2.04	OpenLocker
    Options.	9
	Section
    2.05	Closing	9
	Section
    2.06	OpenLocker
    Deliverables at the Closing.	9
	Section
    2.07	Company
    Deliverables at the Closing.	10
	Section
    2.08	Additional
    Documents.	10
	Section
    2.09	Tax
    Consequences.	11
	Section
    2.10	Conveyance
    Taxes.	11
	 	 	 
	Article
    III.	Representations
    and Warranties Relating to OpenLocker	11
	Section
    3.01	Corporate
    Existence and Power.	11
	Section
    3.02	Due
    Authorization.	11
	Section
    3.03	Valid
    Obligation	11
	Section
    3.04	No
    Conflict With Other Instruments	11
	Section
    3.05	Governmental
    Authorization.	12
	Section
    3.06	Authorized
    Shares and Capital.	12
	Section
    3.07	Validity
    of Shares.	13
	Section
    3.08	Liabilities.	13
	Section
    3.09	Litigation
    and Proceedings	13
	Section
    3.10	Compliance
    with Laws; Permits.	13
	Section
    3.11	General
    Compliance.	14
	Section
    3.12	Contracts.	14
	Section
    3.13	Bank
    Accounts; Power of Attorney.	15
	Section
    3.14	Intellectual
    Property.	15
	Section
    3.15	Condition
    and Sufficiency of Assets.	16
	Section
    3.16	Accounts
    Receivable	16
	Section
    3.17	Title.	16
	Section
    3.18	Taxes.	16
	Section
    3.19	Controls.	18
	Section
    3.20	Transactions
    with Affiliates.	18
	Section
    3.21	Foreign
    Corrupt Practices.	18
	Section
    3.22	Money
    Laundering.	18
	Section
    3.23	Illegal
    or Unauthorized Payments; Political Contributions.	18
	Section
    3.24	No
    Disqualification Events.	19
	Section
    3.25	Approval
    of Agreement	19
	Section
    3.26	Disclosure.	19
	Section
    3.27	No
    Brokers.	19

 

    	i

     

    

 

	Article
    IV.	Representations
    and Warranties of Each OpenLocker Stockholder	19
	Section
    4.01	Existence
    and Power.	19
	Section
    4.02	Due
    Authorization.	19
	Section
    4.03	Valid
    Obligation	20
	Section
    4.04	No
    Conflict With Other Instruments	20
	Section
    4.05	Governmental
    Authorization.	20
	Section
    4.06	Title
    to and Issuance of the OpenLocker Stock.	20
	Section
    4.07	Investment
    Representations	20
	Section
    4.08	No
    Brokers.	22
	 	 	 
	Article
    V.	Representations
    and Warranties of the Company	23
	Section
    5.01	Corporate
    Existence and Power	23
	Section
    5.02	Due
    Authorization.	23
	Section
    5.03	Valid
    Obligation	23
	Section
    5.04	No
    Conflict With Other Instruments	23
	Section
    5.05	Governmental
    Authorization.	23
	Section
    5.06	Authorized
    Shares and Capital	23
	Section
    5.07	Validity
    of Shares.	23
	Section
    5.08	Approval
    of Agreement	23
	Section
    5.09	Disclosure.	24
	Section
    5.10	No
    Brokers.	24
	Section
    5.11	No
    Disqualification Events.	24
	 	 	
	Article
    VI.	Conditions
    to the Closing	24
	Section
    6.01	Conditions
    to the Obligations of all of the Parties.	24
	Section
    6.02	Conditions
    to the Obligations of the Company.	25
	Section
    6.03	Condition
    to the Obligations of the OpenLocker Parties	25
	 	 	 
	Article
    VII.	Additional
    Covenants of the Parties	26
	Section
    7.01	Delivery
    of Books and Records	26
	Section
    7.02	Third
    Party Consents and Certificates.	26
	Section
    7.03	Notices
    of Certain Events.	26
	Section
    7.04	Due
    Diligence Review.	26
	 	 	 
	Article
    VIII.	Termination;
    Survival	27
	Section
    8.01	Termination	27
	Section
    8.02	Specific
    Enforcement.	28
	Section
    8.03	Survival
    After Termination.	28
	 	 	 
	Article
    IX.	Indemnification	28
	Section
    9.01	Indemnification
    of Company.	28
	Section
    9.02	Indemnification
    of the OpenLocker Parties.	28
	Section
    9.03	Procedure.	29
	Section
    9.04	Sole
    Recourse.	30
	Section
    9.05	Additional
    Provisions Relating to Indemnification by the Controlling Stockholders.	30
	Section
    9.06	Insurance.	31
	Section
    9.07	Time
    Limit.	31
	Section
    9.08	Certain
    Limitations.	32
	Section
    9.09	Effect
    of Investigation.	32
	Section
    9.10	Exclusive
    Remedy.	32

 

    	ii

     

    

 

	Article
    X.	Miscellaneous	33
	Section 10.01	Arbitration.	33
	Section 10.02	Governing Law	34
	Section 10.03	Waiver of Jury Trial.	34
	Section 10.04	Limitation on Damages.	34
	Section 10.05	Notices	35
	Section 10.06	Attorneys’ Fees	35
	Section 10.07	Confidentiality	36
	Section 10.08	Third Party Beneficiaries	36
	Section 10.09	Expenses	36
	Section 10.10	Entire Agreement	36
	Section 10.11	Survival	36
	Section 10.12	Amendment; Waiver	36
	Section 10.13	OpenLocker Stockholders’
    Representative.	37
	Section 10.14	Arm’s Length Bargaining;
    No Presumption Against Drafter.	38
	Section 10.15	Headings.	38
	Section 10.16	No Assignment or Delegation.	38
	Section 10.17	Commercially Reasonable Efforts	38
	Section 10.18	Further Assurances.	38
	Section 10.19	Specific Performance.	38
	Section 10.20	Counterparts	38

 

 Exhibits

 

	Exhibit
    A	Form
    of Joinder
	Exhibit
    B 	Form
    of Stock Power
	Exhibit
    C	Form
    of Voting Agreement

 

    	iii

     

    

 

Share
Exchange Agreement

 

Dated
as of May 23, 2022

 

This
Share Exchange Agreement (this “Agreement”) is entered into as of the date first set forth above (the “Effective Date”)
by and between (i) Descrypto Holdings, Inc., a Delaware corporation (the “Company”); (ii) OpenLocker Inc., a Delaware corporation
(“OpenLocker”), (iii) all of the stockholders of OpenLocker as set forth on the signature pages hereto (together with the
Additional Stockholders (as defined below) the “OpenLocker Stockholders”) and (iv) Brian Klatsky as the Representative of
the OpenLocker Stockholders (the “Stockholders’ Representative”). Each of OpenLocker and the OpenLocker Stockholders
may be referred to collectively herein as the “OpenLocker Parties” and separately as a “OpenLocker Party”. Each
of the Company, each OpenLocker Party and the Stockholders’ Representative may be referred to herein collectively as the “Parties”
and separately as a “Party”.

 

WHEREAS,
at the Closing (as defined below), the Company agrees to acquire from the OpenLocker Stockholders all of the shares of common stock,
par value $0.0001 per share, of OpenLocker (the “OpenLocker Stock”) held by the OpenLocker Stockholders in exchange for the
issuance by the Company to the OpenLocker Stockholders of shares of the Company’s common stock, par value $0.0001 per share (the
“Company Common Stock”);

 

WHEREAS,
OpenLocker will become a wholly owned subsidiary of the Company;

 

WHEREAS,
for Federal income tax purposes, it is intended that the Exchange (as defined below) qualify as a reorganization under the provisions
of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”); and

 

WHEREAS,
in pursuance of the plan of reorganization as set forth herein and pursuant to Section 354(a)(1) of the Code, at the Closing (as defined
below), the Optionholders (as defined below) shall exchange their OpenLocker Options (as defined below) for Descrypto Options (as defined
below);

 

NOW
THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual
benefits to the Parties to be derived herefrom, and intending to be legally bound hereby, it is hereby agreed as follows:

 

Article
I. Definitions and Interpretations

 

Section
1.01 Definitions. The following terms, as used herein, have the following meanings:

 

	 	(a)	“Accredited
    Investor” has the meaning set forth in Section 4.07(b).
	 	 	 
	 	(b)	“Action”
    means any legal action, suit, claim, investigation, hearing or proceeding, including any audit, claim or assessment for Taxes or
    otherwise.
	 	 	 
	 	(c)	“ACV”
    has the meaning set forth in Section 2.03(e).
	 	 	 
	 	(d)	“Additional
    Stockholder” has the meaning set forth in Section 2.01(c).

 

    	1

     

    

 

	 	(e)	“Affiliate”
    means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with
    such Person.
	 	 	 
	 	(f)	“Agreement”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(g)	“Arbitrator”
    has the meaning set forth in Section 10.01(a).
	 	 	 
	 	(h)	“Basket”
    has the meaning set forth in Section 9.08(a).
	 	 	 
	 	(i)	“Business
    Day” means any day that is not a Saturday, Sunday or other day on which banking institutions in Delaware are authorized or
    required by law or executive order to close.
	 	 	 
	 	(j)	“Capitalization
    Table” has the meaning set forth in Section 3.06(b).
	 	 	 
	 	(k)	“Closing
    Date” has the meaning set forth in Section 2.05.
	 	 	 
	 	(l)	“Closing”
    has the meaning set forth in Section 2.05.
	 	 	 
	 	(m)	“Code”
    has the meaning set forth in the recitals hereto.
	 	 	 
	 	(n)	“Company
    Board” means the Board of Directors of the Company.
	 	 	 
	 	(o)	“Company
    Common Stock” has the meaning set forth in the recitals hereto.
	 	 	 
	 	(p)	“Company
    Indemnified Party” has the meaning set forth in Section 9.01.
	 	 	 
	 	(q)	“Company
    Organizational Documents” has the meaning set forth in Section 5.01.
	 	 	 
	 	(r)	“Company
    Stock” has the meaning set forth in the recitals.
	 	 	 
	 	(s)	“Company”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(t)	“Company
    Covered Person” has the meaning set forth in Section 5.11.
	 	 	 
	 	(u)	“Control”
    of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies
    of such Person, whether through the ownership of voting securities, by contract, or otherwise, with “Controlled”, “Controlling”
    and “under common Control with” have correlative meanings; and provided that, without limiting the foregoing a Person
    (the “Controlled Person”) shall be deemed Controlled by (a) any other Person (the “10% Owner”) (i) owning
    beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person to cast 10% or more of the votes for
    election of directors or equivalent governing authority of the Controlled Person or (ii) entitled to be allocated or receive 10%
    or more of the profits, losses, or distributions of the Controlled Person; (b) an officer, director, general partner, partner (other
    than a limited partner), manager, or member (other than a member having no management authority that is not a 10% Owner ) of the
    Controlled Person; or (c) a spouse, parent, lineal descendant, sibling, aunt, uncle, niece, nephew, mother-in-law, father-in-law,
    sister-in-law, or brother-in-law of an Affiliate of the Controlled Person or a trust for the benefit of an Affiliate of the Controlled
    Person or of which an Affiliate of the Controlled Person is a trustee.

 

    	2

     

    

 

	 	(v)	“Controlling
    Stockholders” has the meaning set forth in Section 9.01.
	 	 	 
	 	(w)	“Denominator”
    the meaning set forth in Section 9.05(b).
	 	 	 
	 	(x)	“Descrypto
    Options” has the meaning set forth in Section 2.04.
	 	 	 
	 	(y)	“Derivatives”
    means any options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character relating
    to the Equity Securities of a Person or obligating such Person to issue or sell any of its Equity Securities, including, without
    limitation any simple agreements for future equity or any similar agreements or instruments.
	 	 	 
	 	(z)	“Direct
    Claim” has the meaning set forth in Section 9.03(c).
	 	 	 
	 	(aa)	“Disclosure
    Schedules” has the meaning set forth in the introductory paragraph to Article III.
	 	 	 
	 	(bb)	“Effective
    Date” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(cc)	“Enforceability
    Exceptions” means (a) applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar
    Laws of general application affecting enforcement of creditors’ rights generally and (b) general principles of equity.
	 	 	 
	 	(dd)	“Equity
    Security” means, in respect of any Person, (a) any capital stock or similar security, (b) any security convertible into or
    exchangeable for any security described in clause (a), (c) any option, warrant, or other right to purchase or otherwise acquire any
    security described in clauses (a), (b), or (c), and, (d) any “equity security” within the meaning of the Exchange Act.
	 	 	 
	 	(ee)	“Exchange
    Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
	 	 	 
	 	(ff)	“Exchange
    Shares” has the meaning set forth in Section 2.02(b).
	 	 	 
	 	(gg)	“Exchange”
    has the meaning set forth in Section 2.02(c).
	 	 	 
	 	(a)	“Governmental
    Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency or instrumentality
    of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or
    quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force
    of Law), or any arbitrator, court or tribunal of competent jurisdiction.
	 	 	 
	 	(hh)	“Indemnified
    Party” has the meaning set forth in Section 9.03.
	 	 	 
	 	(ii)	“Indemnifying
    Party” has the meaning set forth Section 9.03.
	 	 	 
	 	(jj)	“Intellectual
    Property Registrations” has the meaning set forth in Section 3.14(d).

 

    	3

     

    

 

	 	(b)	“Intellectual
    Property” means all of the following and similar intangible property and related proprietary rights, interests and protections,
    however arising, pursuant to the Laws of any jurisdiction throughout the world: (i) trademarks, service marks, trade names, brand
    names, logos, trade dress and other proprietary indicia of goods and services, whether registered or unregistered, and all registrations
    and applications for registration of such trademarks, including intent-to-use applications, all issuances, extensions and renewals
    of such registrations and applications and the goodwill connected with the use of and symbolized by any of the foregoing; (ii) internet
    domain names, whether or not trademarks, registered in any top-level domain by any authorized private registrar or Governmental Authority;
    (iii) original works of authorship in any medium of expression, whether or not published, all copyrights (whether registered or unregistered),
    all registrations and applications for registration of such copyrights, and all issuances, extensions and renewals of such registrations
    and applications; (iv) confidential information, formulas, designs, devices, technology, know-how, research and development, inventions,
    methods, processes, compositions and other trade secrets, whether or not patentable; and (v) patented and patentable designs and
    inventions, all design, plant and utility patents, letters patent, utility models, pending patent applications and provisional applications
    and all issuances, divisions, continuations, continuations-in-part, reissues, extensions, reexaminations and renewals of such patents
    and applications.
	 	 	 
	 	(kk)	“Joinder”
    has the meaning set forth in Section 2.01(b).
	 	 	 
	 	(ll)	“Knowledge
    of OpenLocker” means the knowledge, after and assuming reasonable inquiry, of any executive officer of OpenLocker.
	 	 	 
	 	(c)	“Law”
    means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement
    or rule of law of any Governmental Authority.
	 	 	 
	 	(mm)	“Leone”
    has the meaning set forth in Section 2.03(e).
	 	 	 
	 	(nn)	“Liabilities”
    has the meaning set forth in Section 3.08.
	 	 	 
	 	(oo)	“Lien”
    means any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, and any conditional
    sale or voting agreement or proxy, including any agreement to give any of the foregoing.
	 	 	 
	 	(pp)	“Losses”
    and “Loss” has the meaning set forth in Section 9.01.
	 	 	 
	 	(qq)	“Material
    Adverse Effect”, with respect to any Person, means any event, occurrence, fact, condition or change that is, or could reasonably
    be expected to become, individually or in the aggregate, materially adverse to (a) the business, results of operations, condition
    (financial or otherwise) or assets of such Person, or (b) the ability of such Person to consummate the Transactions on a timely basis;
    provided, however, that “Material Adverse Effect” shall not include any event, occurrence, fact, condition, or change,
    directly or indirectly, arising out of or attributable to: (i) any changes, conditions or effects in the United States economies
    or securities or financial markets in general; (ii) changes, conditions or effects that generally affect the industries in which
    such Person operates; (iii) any change, effect or circumstance resulting from an action required or permitted by this Agreement;
    or (iv) conditions caused by acts of terrorism or war (whether or not declared); provided further, however, that any event, occurrence,
    fact, condition, or change referred to in clauses (i), (ii) or (iv) immediately above shall be taken into account in determining
    whether a Material Adverse Effect on a subject Person has occurred to the extent that such event, occurrence, fact, condition, or
    change has a disproportionate effect on such Person compared to other participants in the industries in which such Person conducts
    its business.

 

    	4

     

    

 

	 	(rr)	“OpenLocker
    Board” means the Board of Directors of OpenLocker.
	 	 	 
	 	(ss)	“OpenLocker
    Indemnified Party” has the meaning set forth in Section 9.02.
	 	 	 
	 	(tt)	“OpenLocker
    Option” means an option between OpenLocker and a Person pursuant to which such Person has the right to acquire shares of OpenLocker
    Stock.
	 	 	 
	 	(uu)	“OpenLocker
    Organizational Documents” has the meaning set forth in Section 3.01.
	 	 	 
	 	(vv)	“OpenLocker
    Party” and “OpenLocker Parties” have the meanings set forth in the introductory paragraph hereto.
	 	 	 
	 	(ww)	“OpenLocker
    Stock” has the meaning set forth in the recitals.
	 	 	 
	 	(xx)	“OpenLocker
    Stockholders” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(yy)	“OpenLocker”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(zz)	“Optionholders”
    means those persons holding OpenLocker Options, other than Brian Klatsky.
	 	 	 
	 	(aaa)	“Order”
    means any decree, order, judgment, writ, award, injunction, rule, injunction, stay, decree, judgment or restraining order or consent
    of or by an Governmental Authority.
	 	 	 
	 	(bbb)	“Party”
    and “Parties” have the meanings set forth in the introductory paragraph hereto.
	 	 	 
	 	(d)	“Permits”
    means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained,
    or required to be obtained, from Governmental Authorities.
	 	 	 
	 	(ccc)	“Person”
    means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
    limited liability company, association, trust or other entity or organization, including a government, domestic or foreign, or political
    subdivision thereof, or an agency or instrumentality thereof.
	 	 	 
	 	(ddd)	“Preferred
    Stock” has the meaning set forth in Section 5.06.
	 	 	 
	 	(eee)	“Regulation
    S” has the meaning set forth in Section 4.07(h).

 

    	5

     

    

 

	 	(fff)	“Representative”
    means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
    and other agents of such Person.
	 	 	 
	 	(ggg)	“Rule
    144” has the meaning set forth in Section 4.07(h).
	 	 	 
	 	(hhh)	“SAFE”
    has the meaning set forth in Section 2.01(a).
	 	 	 
	 	(iii)	“SEC
    Reports” has the meaning set forth in the introductory paragraph to Article V.
	 	 	 
	 	(jjj)	“SEC”
    means the U.S. Securities and Exchange Commission.
	 	 	 
	 	(kkk)	“Securities
    Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
	 	 	 
	 	(lll)	“Series
    A Stock” has the meaning set forth in Section 5.06.
	 	 	 
	 	(mmm)	“Stockholders’
    Agreement” has the meaning set forth in Section 3.06(g).
	 	 	 
	 	(nnn)	“Stockholders’
    Representative” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(ooo)	“Tax(es)”
    means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other assessment of any kind or nature
    imposed by any Taxing Authority (including any income (net or gross), gross receipts, profits, windfall profit, sales, use, goods
    and services, ad valorem, franchise, license, withholding, employment, social security, workers compensation, unemployment compensation,
    employment, payroll, transfer, excise, import, real property, personal property, intangible property, occupancy, recording, minimum,
    alternative minimum, environmental or estimated tax), including any Liability therefor as a transferee (including under Section 6901
    of the Code or similar provision of applicable Law) or successor, as a result of Treasury Regulation Section 1.1502-6 or similar
    provision of applicable Law or as a result of any Tax sharing, indemnification or similar agreement, together with any interest,
    penalty, additions to tax or additional amount imposed with respect thereto.
	 	 	 
	 	(ppp)	“Taxing
    Authority” means the Internal Revenue Service and any other Governmental Authority responsible for the collection, assessment
    or imposition of any Tax or the administration of any Law relating to any Tax.
	 	 	 
	 	(qqq)	“Termination
    Date” means May 31, 2022.
	 	 	 
	 	(rrr)	“Third-Party
    Claim” has the meaning set forth in Section 9.03(a).
	 	 	 
	 	(sss)	“Transaction
    Documents” means this Agreement, each of the Joinders, the stock powers, the Voting Agreement, and any other certificate, agreement
    or document entered into or delivered in connection with the transactions as contemplated herein or therein, other than the Option
    Rollover Agreements.
	 	 	 
	 	(ttt)	“Transactions”
    means the transactions contemplated by the Transaction Documents.
	 	 	 
	 	(uuu)	“Updated
    Capitalization Table” has the meaning set forth in Section 3.06(b).
	 	 	 
	 	(vvv)	“Voting
    Agreement” has the meaning set forth in Section 2.03(e).

 

    	6

     

    

 

Section
1.02 Interpretive Provisions. Unless the express context otherwise requires (i) the words “hereof,” “herein,”
and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole and not
to any particular provision of this Agreement; (ii) terms defined in the singular shall have a comparable meaning when used in the plural,
and vice versa; (iii) the terms “Dollars” and “$” mean United States Dollars; (iv) references herein to a specific
Section, Subsection, Recital or Exhibit shall refer, respectively, to Sections, Subsections, Recitals or Exhibits of this Agreement;
(v) wherever the word “include,” “includes,” or “including” is used in this Agreement, it shall be
deemed to be followed by the words “without limitation”; (vi) references herein to any gender shall include each other gender;
(vii) references herein to any Person shall include such Person’s heirs, executors, personal Representatives, administrators, successors
and assigns; provided, however, that nothing contained herein is intended to authorize any assignment or transfer not otherwise permitted
by this Agreement; (viii) references herein to a Person in a particular capacity or capacities shall exclude such Person in any other
capacity; (ix) references herein to any contract or agreement (including this Agreement) mean such contract or agreement as amended,
supplemented or modified from time to time in accordance with the terms thereof; (x) with respect to the determination of any period
of time, the word “from” means “from and including” and the words “to” and “until” each
means “to but excluding”; (xi) references herein to any Law or any license mean such Law or license as amended, modified,
codified, reenacted, supplemented or superseded in whole or in part, and in effect from time to time; and (xii) references herein to
any Law shall be deemed also to refer to all rules and regulations promulgated thereunder.

 

Article
II.  The Transactions

 

Section
2.01 Additional Stockholders.

 

	 	(a)	The
    Parties as of the Effective Date acknowledge and agree that, following the Effective Date, OpenLocker may issue additional shares
    of OpenLocker Stock to Persons who are not Parties as of the Effective Date, and that OpenLocker may issue additional shares of OpenLocker
    Stock to persons who, as of the Effective Date hold certain simple agreements for future equity (“SAFEs”) of OpenLocker,
    which SAFEs shall be exercised or otherwise converted or exchanged shares of OpenLocker Stock prior to the Closing.
	 	 	 
	 	(b)	Upon
    the issuance of any shares of OpenLocker Stock or conversion or exercise of the SAFEs each applicable Person who was previously the
    holder thereof, who will have been issued shares of OpenLocker Stock in connection therewith, shall execute a Joinder to Share Exchange
    Agreement, in the form as attached hereto as Exhibit A (each, a “Joinder”) pursuant to which such Person shall join this
    Agreement as an OpenLocker Stockholder for all purposes.
	 	 	 
	 	(c)	Upon
    the execution of a Joinder, the applicable Person (each, an “Additional Stockholder”) shall join this Agreement and shall
    be a “Party” and an “OpenLocker Stockholder” for all purposes herein and with respect to the shares of OpenLocker
    Stock as set forth on such Joinder, and shall be deemed to have made the representations and warranties, and agreed to the covenants
    and other agreements, in each case as applicable to the OpenLocker Stockholders who are Parties to this Agreement as of the Effective
    Date, in each case on and following the date that such Joinder is executed.

 

    	7

     

    

 

Section
2.02 The Exchange.

 

	 	(a)	On
    the terms and subject to the conditions set forth in this Agreement, at the Closing, the OpenLocker Stockholders, who hold 100% of
    OpenLocker’s issued and outstanding capital stock as of the Closing, shall sell, assign, transfer and deliver to the Company,
    free and clear of all Liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature, or description, all
    of the OpenLocker Stock held by them.
	 	 	 
	 	(b)	All
    of the shares of OpenLocker Stock issued and outstanding as of the Closing shall be exchanged, collectively, for a total of 12,500,000
    shares of Company Common Stock (the “Exchange Shares”), which Exchange Shares shall be apportioned between the OpenLocker
    Stockholders pro rata based on the number of shares of OpenLocker Stock held by the OpenLocker Stockholders as set forth on the Updated
    Capitalization Table (as defined below) once the Updated Capitalization Table is completed. Subject to the provisions of Section
    9.05(a), the Exchange Shares shall be issued in book entry form and shall not be certificated.
	 	 	 
	 	(c)	The
    exchange as set forth in this Section 2.02, subject to the other terms and conditions herein, is referred to collectively herein
    as the “Exchange”.
	 	 	 
	 	(d)	At
    the Closing (as defined below) the OpenLocker Stockholders shall, upon transfer of their respective shares of OpenLocker Stock to
    the Company, be recorded in the stock ledger of the Company as the owners of the applicable Exchange Shares.

 

Section
2.03 Additional Agreements and Actions at and Following the Closing.

 

	 	(a)	Following
    the Closing the Company shall reserve 750,000 shares of Company Common Stock for issuance to OpenLocker employees as options, restricted
    stock or similar incentive compensation, on terms to be determined by the Company Board.
	 	 	 
	 	(b)	At
    the Closing, the Company will contribute the sun of $300,000 to the operations of OpenLocker, which funds will be utilized as agreed
    to by the Company and the Stockholders’ Representative prior to the Closing, but which by the Company and the Stockholders’
    Representative agree will generally be used for working capital uses and for the payment of OpenLocker payables and costs and expenses
    incurred by OpenLocker in connection with the Transactions, and not for executive salaries, cash bonuses, etc.
	 	 	 
	 	(c)	Following
    the Closing and prior to September 1, 2022, the Company will fund at least an additional $250,000 to the operations of OpenLocker,
    which will be funded as and when agreed to by Company and the Stockholders’ Representative following the Closing, but which
    by the Company and the Stockholders’ Representative agree will generally be used for working capital uses and not for executive
    salaries, cash bonuses, etc.
	 	 	 
	 	(d)	At
    the Closing, Brian Klatsky will be named to the Company Board.
	 	 	 
	 	(e)	At
    the Closing, Leone Capital Group LLC (“Leone”) and American Capital Ventures, Inc. (“ACV”) and Brian Klatsky
    shall enter into the Voting Agreement in the form as attached hereto as Exhibit C (the “Voting Agreement”), pursuant
    to which, subject to the terms and conditions therein, ACV and Leone shall agree to vote for Brian Klatsky as a director of the Company.

 

    	8

     

    

 

Section
2.04 OpenLocker Options. Effective as of the Closing and as a condition thereof, the OpenLocker Options held by Brian Klatsky
shall be terminated, with no consideration paid therefor, and shall be null and void and of no force or effect. At the Closing, and pursuant
to the plan or reorganization as set forth herein and pursuant to Section 354(a)(1) of the Code, all of the Optionholders shall exchange
all of their OpenLocker Options for options to acquire shares of Company Common Stock (the “Descrypto Options”) pursuant
to option rollover agreements and option agreements to be in form as agreed by the Company and the Stockholders’ Representative
(collectively, the “Option Rollover Agreements”), with such Option Rollover Agreements to be prepared and executed so as
to meet the requirements of Section 354(a)(1) of the Code. The Option Rollover Agreements and Descrypto Options shall provide for substantially
the same terms as the OpenLocker Options, other than they shall be fully vested at issuance, and shall increase the number of shares
of Company Common Stock underlying the Descrypto Options from the number of shares of OpenLocker Stock underlying the OpenLocker Options
and shall retain the same exercise price per share of Company Common Stock underlying the Descrypto Options as the exercise price per
share of OpenLocker Stock underlying the OpenLocker Options, in each case as necessary to provide for the same spread value for each
applicable Optionholder. The Parties acknowledge and agree that the Option Rollover Agreements and the transactions as set forth therein,
are and shall be mutually dependent on this Agreement and the Transactions, and the consummation of the Transactions shall be a condition
to the consummation of the transactions as set forth in the Option Rollover Agreements, and the consummation of the transactions as set
forth in the Option Rollover Agreement shall be a condition to the consummation of the Transactions. Notwithstanding the foregoing, if
any provision of this Agreement or the Option Rollover Agreements contravenes any regulations or guidance promulgated under Section 409A
of the Code or would cause the OpenLocker Options or the Descrypto Options to be subject to taxes, penalties or interest under Section
409A of the Code, the Company may, in its discretion and without an Optionholder’s consent, modify the provisions to comply with,
or avoid being subject to Code Section 409A.

 

Section
2.05 Closing. The closing of the Transactions (the “Closing”) shall occur on second Business Day following the satisfaction
or waiver (by the Party for whose benefit the conditions to exist) of the conditions to closing set forth in Section 6.01, Section 6.02
and Section 6.03, or at such other date, time or place as the Parties may agree (the date and time at which the Closing is actually held
being the “Closing Date”), via the exchange of electronic documents and other items as required herein.

 

Section
2.06 OpenLocker Deliverables at the Closing. At the Closing, OpenLocker or the OpenLocker Stockholders, as applicable, shall deliver
to the Company the following:

 

	 	(a)	Each
    OpenLocker Stockholder shall deliver to the Company a stock power in the form as attached hereto as Exhibit B, duly completed and
    executed by such OpenLocker Stockholder.
	 	 	 
	 	(b)	OpenLocker
    shall deliver to the Company a certificate of the Secretary of OpenLocker and the Stockholders’ Representative on behalf of
    the OpenLocker Stockholders, dated as of the Closing Date, and:

 

	 	 	(i)	certifying
    that the conditions set forth in Section 6.01(f) have been satisfied and providing reasonable evidence thereof;
	 	 	 	 
	 	 	(ii)	certifying
    that the conditions set forth in Section 6.02(a) and Section 6.02(b) have been satisfied and that the statements therein are true
    and correct;

 

    	9

     

    

 

	 	 	(iii)	Attaching
    copies of the OpenLocker Organizational Documents, certified by the Delaware Secretary of State; and
	 	 	 	 
	 	 	(iv)	attaching
    a certificate of status issued by the Delaware Secretary of State for OpenLocker, dated as of a date within 5 days of the Closing
    Date.

 

	 	(c)	OpenLocker
    shall deliver to the Company a copy of the Voting Agreement executed by Brian Klatsky.
	 	 	 
	 	(d)	OpenLocker
    shall deliver to the Company reasonable evidence of the termination of the OpenLocker Option held by Brian Klatsky, duly executed
    by OpenLocker and Brian Klatsky.
	 	 	 
	 	(e)	OpenLocker
    shall deliver to the Company an Option Rollover Agreement with respect to each Optionholder, duly executed by each applicable Optionholder.

 

Section
2.07 Company Deliverables at the Closing. At the Closing, the Company shall:

 

	 	(a)	Record
    the applicable OpenLocker Stockholders in the books and records of the Company as the owners of the applicable Exchange Shares;
	 	 	 
	 	(b)	Deliver
    to the Stockholders’ Representative on behalf of the OpenLocker Stockholders a certificate of the Secretary of the Company,
    dated as of the Closing Date, and:

 

	 	 	(i)	certifying
    that the conditions set forth in Section 6.03(a) and Section 6.03(b) have been satisfied and that the statements therein are true
    and correct; and
	 	 	 	 
	 	 	(ii)	attaching
    a certificate of status issued by the Delaware Secretary of State for the Company, dated as of a date within 5 days of the Closing
    Date;

 

	 	(c)	Deliver
    to Brian Klatsky a copy of the Voting Agreement executed by an authorized officer of the Company; and
	 	 	 
	 	(d)	Deliver
    to the Stockholders’ Representative for dissemination to the Optionholders an Option Rollover Agreement with respect to each
    Optionholder, each duly executed by an authorized officer of the Company.

 

Section
2.08 Additional Documents. At and following the Closing, the Company, OpenLocker, the Stockholders’ Representative and the
OpenLocker Stockholders shall execute, acknowledge, and deliver (or shall ensure to be executed, acknowledged, and delivered), any and
all certificates, opinions, financial statements, schedules, agreements, resolutions, rulings or other instruments required by this Agreement
to be so delivered at or prior to or following the Closing, together with such other items as may be reasonably requested by the Parties
and their respective legal counsel in order to effectuate or evidence the Transactions.

 

    	10

     

    

 

Section
2.09 Tax Consequences. For U.S. federal Tax purposes, the Exchange is intended to qualify as a “reorganization” within
the meaning of Section 368(a) of the Code and the Treasury Regulations promulgated thereunder. The Parties adopt this Agreement as a
“plan of reorganization” within the meaning of Treasury Regulations Sections 1.368-2(g) and 1.368-3(a).

 

Section
2.10 Conveyance Taxes. Each OpenLocker Stockholder will pay all sales, use, value added, transfer, stamp, registration, documentary,
excise, real property transfer or gains, or similar Taxes incurred by such OpenLocker Stockholder as a result of the Transactions.

 

Article
III. Representations and Warranties Relating to OpenLocker

 

As
an inducement to, and to obtain the reliance of the Company, except as otherwise specifically set forth in the schedules of exceptions
to the representations of the OpenLocker Parties delivered to the Company on the Effective Date (“Disclosure Schedules”),
the Company and the Stockholder’s Representative represents and warrants to the Company, as of the Effective Date and as of the
Closing Date, except as otherwise specifically set forth below as to representations and warranties which speak solely with respect to
a particular date, as follows:

 

Section
3.01 Corporate Existence and Power. OpenLocker is a corporation duly organized, validly existing, and in good standing under the
Laws of the state of Delaware, and has the corporate power and is duly authorized under all applicable Laws, regulations, ordinances,
and orders of public authorities to carry on its business in all material respects as it is now being conducted. OpenLocker has made
available to the Company complete and correct copies of the Certificate of Incorporation, Bylaws, and other organizational documents
and the corporate minute books of OpenLocker as in effect on the Effective Date (the “OpenLocker Organizational Documents”).
OpenLocker has full corporate power and authority to carry on its businesses as it is now being conducted and as now proposed to be conducted
and to own or lease its properties and assets.

 

Section
3.02 Due Authorization. The execution, delivery and performance of this Agreement does not, and the consummation of the Transactions
will not, violate any provision of the OpenLocker Organizational Documents. OpenLocker has taken all actions required by Law, the OpenLocker
Organizational Documents or otherwise to authorize the execution, delivery and performance of this Agreement and to consummate the Transactions.

 

Section
3.03 Valid Obligation. This Agreement and all Transaction Documents executed by OpenLocker and the Stockholder’s Representative
in connection herewith constitute the valid and binding obligations of OpenLocker and the Stockholder’s Representative, as applicable,
enforceable in accordance with its or their terms, except as may be limited by the Enforceability Exceptions.

 

Section
3.04 No Conflict With Other Instruments. The execution of this Agreement by OpenLocker and the Stockholder’s Representative
and the consummation of the Transactions by OpenLocker and the Stockholder’s Representative will not result in the breach of any
term or provision of, constitute a default under, or terminate, accelerate or modify the terms of, any indenture, mortgage, deed of trust,
or other material agreement or instrument to which OpenLocker or and the Stockholder’s Representative is a party or to which any
of their respective assets, properties or operations are subject.

 

    	11

     

    

 

Section
3.05 Governmental Authorization. Neither the execution, delivery nor performance of this Agreement by OpenLocker or the Stockholder’s
Representative requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with
any Governmental Authority.

 

Section
3.06 Authorized Shares and Capital.

 

	 	(a)	The
    authorized capital stock of OpenLocker consists of 15,000,000 shares of common stock, par value $0.0001 per share, of which 7,500,000
    shares are issued and outstanding as of the Effective Date.
	 	 	 
	 	(b)	As
    of the Effective Date, all of the issued and outstanding OpenLocker Stock is held, collectively, by the OpenLocker Stockholders executing
    this Agreement on the Effective Date and the capitalization table of OpenLocker as set forth in Section 3.06(c) of the Disclosure
    Schedules (the “Capitalization Table”) is true, correct and complete in all respects. Upon the issuance of any additional
    shares of OpenLocker Stock as contemplated in Section 2.01 the Parties shall update the Capitalization Table to reflect the same
    (the “Updated Capitalization Table”, provided that in the event that no additional shares of OpenLocker Stock are issued
    between the Effective Date and the Closing Date, any references to the “Updated Capitalization Table” shall be deemed
    a reference to the Capitalization Table as in place on the Effective Date). The Updated Capitalization Table, if and when completed,
    shall be true, correct and complete in all respects.
	 	 	 
	 	(c)	As
    of the Effective Date, other than the SAFEs and OpenLocker Options as set forth on the Capitalization Table, OpenLocker has no Derivatives
    or commitments to issue any Equity Securities of OpenLocker or Derivatives, and there are no outstanding securities convertible or
    exercisable into or exchangeable for shares of OpenLocker Stock or any other Equity Security of OpenLocker.
	 	 	 
	 	(d)	As
    of the Closing Date, other than the OpenLocker Options held by the Optionholders, which shall be exchanged for the Descrypto Options
    pursuant to the Option Rollover Agreements, OpenLocker shall have no Derivatives or commitments to issue any Equity Securities of
    OpenLocker or Derivatives, and there shall be no outstanding securities convertible or exercisable into or exchangeable for shares
    of OpenLocker Stock or any other Equity Security of OpenLocker.
	 	 	 
	 	(e)	As
    of the Closing Date, all of the issued and outstanding OpenLocker Stock is held, collectively, by the OpenLocker Stockholders executing
    this Agreement on the Effective Date and the Additional Stockholders and the capitalization table of OpenLocker as set forth on the
    Updated Capitalization Table is true, correct and complete in all respects.
	 	 	 
	 	(f)	As
    of the Closing Date, the only issued and outstanding Equity Securities of OpenLocker shall be those set forth on the Updated Capitalization
    Table, and OpenLocker shall have no Derivatives or commitments to issue any Equity Securities of OpenLocker or Derivatives, and there
    shall be no outstanding securities convertible or exercisable into or exchangeable for shares of OpenLocker Stock or any other Equity
    Security of OpenLocker.

 

    	12

     

    

 

	 	(g)	Other
    than the Stockholders’ Agreement of OpenLocker, dated as of September 1, 2021 (the “Stockholders’ Agreement”),
    there is no voting trust, agreement or arrangement among any of the beneficial holders of OpenLocker Stock affecting the nomination
    or election of directors or the exercise of the voting rights of OpenLocker Stock. As of the Closing, the Stockholders’ Agreement
    will be terminated and will be null and void and of no further force or effect.
	 	 	 
	 	(h)	The
    offer, issuance and sale of such shares of OpenLocker Stock were (a) exempt from the registration and prospectus delivery requirements
    of the Securities Act, (b) registered or qualified (or were exempt from registration or qualification) under the registration or
    qualification requirements of all applicable state securities Laws and (c) accomplished in conformity with all other applicable securities
    Laws. None of such shares of OpenLocker Stock are subject to a right of withdrawal or a right of rescission under any federal or
    state securities or “Blue Sky” Law.

 

Section
3.07 Validity of Shares. The shares of OpenLocker Stock to be delivered at the Closing shall be duly and validly issued, fully
paid and non-assessable and free and clear of any Liens.

 

Section
3.08 Liabilities. Section 3.08 of the Disclosure Schedules sets forth (i) a true, correct and complete list of all outstanding
loans, lines of credit and other indebtedness incurred by OpenLocker, inclusive of any outstanding loans, lines of credit and other indebtedness
incurred by OpenLocker, the repayment obligations for which are secured by any of OpenLocker’s assets; (ii) with respect to each
loan described in the foregoing clause, the remaining amounts due thereunder as of the Effective Date and (iii) any other Liabilities
of OpenLocker in excess of $10,000. For purposes herein, “Liabilities” means any liabilities, obligations or commitments
of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured
or otherwise, including without limitation any penalties, interest and/or excise Tax as may be applicable.

 

Section
3.09 Litigation and Proceedings. There are no actions, suits, proceedings or investigations pending or, to the Knowledge of OpenLocker
after reasonable investigation, threatened by or against OpenLocker or affecting OpenLocker or its properties, at Law or in equity, before
any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. OpenLocker has
no Knowledge of any default on its part with respect to any judgment, order, writ, injunction, decree, award, rule or regulation of any
court, arbitrator, or governmental agency or instrumentality or any circumstance which after reasonable investigation would result in
the discovery of such default.

 

Section
3.10 Compliance with Laws; Permits.

 

	 	(e)	OpenLocker
    has complied in all material respects, and are now complying in all material respects, with all Laws applicable to it or its business,
    properties or assets. All prior issuances of securities of OpenLocker have been either registered under the Securities Act, or exempt
    from registration.
	 	 	 
	 	(f)	All
    material Permits required for OpenLocker to conduct its business have been obtained by it and are valid and in full force and effect,
    except as would reasonably be expected to result in a Material Adverse Effect on OpenLocker. All fees and charges with respect to
    such Permits have been paid in full. To the Knowledge of OpenLocker, no event has occurred that, with or without notice or lapse
    of time or both, would reasonably be expected to result in the revocation, suspension, lapse or limitation of any Permit material
    to the operations of OpenLocker. OpenLocker has not received any notice of proceedings relating to the revocation or modification
    of any such Permit

 

    	13

     

    

 

	 	(g)	OpenLocker
    is not and has not been, to the Knowledge of OpenLocker, and the past and present officers, members, managers and affiliates of OpenLocker
    are not and have not, been the subject of, nor does OpenLocker have any reason to believe that OpenLocker or any of its officers,
    members, managers or affiliates will be the subject of (i) any civil or criminal proceeding or investigation by any federal or state
    agency alleging a violation of Laws, or (ii) any civil, criminal or administrative investigation or proceeding brought by any federal
    or state agency.

 

Section
3.11 General Compliance. OpenLocker to its knowledge is not: (i) in default under or in violation of (and no event has occurred
that has not been waived that, with notice, lapse of time or both, would result in a default by OpenLocker under), nor has OpenLocker
received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any
other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or
violation has been waived); (ii) in violation of any judgment, decree or order of any court, arbitrator or other Governmental Authority;
or (iii) or has not been, in violation of any statute, rule, ordinance or regulation of any Governmental Authority, including without
limitation all foreign, federal, state and local Laws relating to Taxes, registration as a charitable organization, and employment and
labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.

 

Section
3.12 Contracts.

 

	 	(a)	Section
    3.12 of the Disclosure Schedules contains a list of all contracts, agreements, franchises, license agreements, debt instruments or
    other commitments to which OpenLocker is a party or by which it or any of its assets, products, technology, or properties are bound
    other than those incurred in the ordinary course of business. In the case of any material oral agreements, Section 3.12 of the Disclosure
    Schedules contains a description thereof.
	 	 	 
	 	(b)	All
    contracts, agreements, franchises, license agreements, and other commitments to which OpenLocker is a party or by which its properties
    are bound and which are material to the operations of OpenLocker taken as a whole are valid and enforceable by OpenLocker in all
    respects, except as limited by the Enforceability Exceptions; and
	 	 	 
	 	(c)	Except
    as included or described in of the Disclosure Schedules, OpenLocker is not a party to any oral or written (i) contract for the employment
    of any officer or employee; (ii) profit sharing, bonus, deferred compensation, stock option, severance pay, pension benefit or retirement
    plan; (iii) agreement, contract, or indenture relating to the borrowing of money; (iv) guaranty of any obligation; (vi) collective
    bargaining agreement; or (vii) agreement with any present or former officer or manager of OpenLocker, which, in each case cannot
    be terminated by OpenLocker on notice of no more than thirty (30) days at a cost of no more than $5,000.

 

    	14

     

    

 

Section
3.13 Bank Accounts; Power of Attorney. Section 3.13 of the Disclosure Schedules sets forth a true and complete list of (i) all
accounts with banks, money market mutual funds or securities or other financial institutions maintained by OpenLocker within the past
twelve (12) months, the account numbers thereof, and all Persons authorized to sign or act on behalf of OpenLocker; (ii) all safe deposit
boxes and other similar custodial arrangements maintained by OpenLocker within the past twelve (12) months; and (iii) the names of all
Persons holding powers of attorney from OpenLocker or who are otherwise authorized to act on behalf of OpenLocker with respect to any
matter, other than its officers and managers, and a summary of the terms of such powers or authorizations.

 

Section
3.14 Intellectual Property.

 

	 	(a)	OpenLocker
    owns or possess adequate rights or licenses to use all material trademarks, trade names, service marks, service mark registrations,
    service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental authorizations, trade secrets and
    rights necessary and all other Intellectual Property and technology to conduct its businesses as now conducted.
	 	 	 
	 	(b)	None
    of OpenLocker’s material Intellectual Property has expired or terminated, or, by the terms and conditions thereof, will expire
    or terminate within two years from the date of this Agreement. To the Knowledge of OpenLocker there is no infringement by OpenLocker
    of any material Intellectual Property of others, or of any such development of similar or identical trade secrets or technical information
    by others, and there is no claim, action or proceeding being made or brought against, or to the Knowledge of OpenLocker, being threatened
    against, OpenLocker regarding the infringement of any Intellectual Property, which could reasonably be expected to have a Material
    Adverse Effect.
	 	 	 
	 	(c)	To
    the Knowledge of OpenLocker, OpenLocker is in material compliance with all legal requirements applicable to Intellectual Property
    owned by OpenLocker and OpenLocker’s ownership and use thereof.
	 	 	 
	 	(d)	All
    required filings and fees related to the Intellectual Property owned by OpenLocker that are either subject to any issuance, registration,
    application or other filing by, to or with any Governmental Authority or authorized private registrar in any jurisdiction (collectively,
    the “Intellectual Property Registrations”) have been timely filed with and paid to the relevant Governmental Authorities
    and authorized registrars, and all Intellectual Property Registrations are otherwise in good standing. OpenLocker has provided the
    Company with true and complete copies of file histories, documents, certificates, office actions, correspondence and other materials
    related to all Intellectual Property Registrations.
	 	 	 
	 	(e)	OpenLocker
    has taken all reasonable measures to protect and preserve its rights in Intellectual Property owned by OpenLocker and the confidentiality
    of all trade secrets owned, exploited, held for exploitation, appropriated or otherwise obtained or possessed by OpenLocker.

 

    	15

     

    

 

Section
3.15 Condition and Sufficiency of Assets. Except for ordinary wear and tear, the buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles and other items of tangible personal property of OpenLocker are structurally sound, are in good operating
condition and repair, and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, furniture,
fixtures, machinery, equipment, vehicles and other items of tangible personal property is in need of maintenance or repairs except for
ordinary, routine maintenance and repairs that are not material in nature or cost. The buildings, plants, structures, furniture, fixtures,
machinery, equipment, vehicles and other items of tangible personal property currently owned or leased by OpenLocker, together with all
other properties and assets of OpenLocker, are sufficient for the conduct of OpenLocker’s business as conducted as of the Closing
and constitute all of the rights, property and assets necessary to conduct the business of OpenLocker as conducted as of the Closing.

 

Section
3.16 Accounts Receivable. The accounts receivable reflected on the books and records of OpenLocker and the accounts receivable
arising after the date thereof (a) have arisen from bona fide transactions entered into by OpenLocker involving the sale of goods or
the rendering of services in the Ordinary Course of Business; (b) constitute only valid, undisputed claims of OpenLocker not subject
to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in the Ordinary Course of Business;
and (c) are collectible in full within ninety (90) calendar days after billing.

 

Section
3.17 Title. OpenLocker has good and marketable title in fee simple to all real property owned by it, or leases such real property
pursuant to valid and in-force lease agreements, and has good and marketable title in all personal property owned by it that is material
to the business of OpenLocker, in each case free and clear of all Liens and, except for Liens as do not materially affect the value of
such property and do not materially interfere with the use made and proposed to be made of such property by OpenLocker and Liens for
the payment of federal, state or other Taxes, the payment of which is neither delinquent nor subject to penalties. Any real property
and facilities held under lease by OpenLocker is held under valid, subsisting and enforceable leases with which OpenLocker is in compliance
with such exceptions as are not material and do not interfere with the use made and proposed to be made of such property and buildings
by OpenLocker.

 

Section
3.18 Taxes.

 

	 	(a)	OpenLocker
    has paid all Taxes and other governmental assessments and charges that are material in amount, shown or determined to be due on such
    returns, reports and declarations, except those being contested in good faith and has set aside on its books provision reasonably
    adequate for the payment of all Taxes for periods subsequent to the periods to which such returns, reports or declarations apply.
    There are no unpaid Taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers
    of OpenLocker know of no basis for any such claim. All Tax Returns required to be filed on or before the Closing Date by OpenLocker
    have been, or will be, timely filed. Such Tax Returns are, or will be, true, complete and correct in all material respects. All Taxes
    due and owing by OpenLocker (whether or not shown on any Tax Return) have been, or will be, timely paid. OpenLocker has withheld
    and paid each Tax required to have been withheld and paid in connection with amounts paid or owing to any employee, independent contractor,
    creditor, customer, shareholder or other party, and complied with all information reporting and backup withholding provisions of
    applicable Law.

 

    	16

     

    

 

	 	(b)	No
    claim has been made by any taxing authority in any jurisdiction where OpenLocker does not file Tax Returns that it is, or may be,
    subject to Tax by that jurisdiction. No extensions or waivers of statutes of limitations have been given or requested with respect
    to any Taxes of OpenLocker. The amount of OpenLocker’s liability for unpaid Taxes for all periods does not, in the aggregate,
    exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) reflected on the financial statements of OpenLocker.
    All deficiencies asserted, or assessments made, against OpenLocker as a result of any examinations by any taxing authority have been
    fully paid. OpenLocker is not a party to any Action by any taxing authority. To the Knowledge of OpenLocker, there are no pending
    or threatened Actions by any taxing authority.
	 	 	 
	 	(c)	There
    are no Encumbrances for Taxes (other than for current Taxes not yet due and payable) upon the assets of OpenLocker.
	 	 	 
	 	(d)	OpenLocker
    is not a party to, or bound by, any Tax indemnity, Tax-sharing or Tax allocation agreement. OpenLocker is not a party to, or bound
    by, any closing agreement or offer in compromise with any taxing authority. No private letter rulings, technical advice memoranda
    or similar agreement or rulings have been requested, entered into or issued by any taxing authority with respect to OpenLocker.
	 	 	 
	 	(e)	OpenLocker
    is not and has not been a member of an affiliated, combined, consolidated or unitary Tax group for Tax purposes. OpenLocker has no
    Liability for Taxes of any Person (other than OpenLocker) under Treasury Regulations Section 1.1502-6 (or any corresponding provision
    of state, local or foreign Law), as transferee or successor, by Contract or otherwise. OpenLocker has not agreed to make, nor is
    it required to make, any adjustment under Sections 481(a) or 263A of the Code or any comparable provision of state, local or foreign
    Tax Laws by reason of a change in accounting method or otherwise. OpenLocker has not taken any action that could defer a Liability
    for Taxes of OpenLocker from any period prior to the Closing to any period following the Closing.
	 	 	 
	 	(f)	OpenLocker
    is not a “foreign person” as that term is used in Treasury Regulations Section 1.1445-2. OpenLocker is not and has never
    been a United States real property holding corporation (as defined in Section 897(c)(2) of the Code) during the applicable period
    specified in Section 897(c)(1)(a) of the Code. OpenLocker has not been a “distributing corporation” or a “controlled
    corporation” in connection with a distribution described in Section 355 of the Code. OpenLocker is not and has not been a party
    to, or a promoter of, a “reportable transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations
    Section 1.6011-4(b). There is currently no limitation on the utilization of net operating losses, capital losses, built-in losses,
    tax credits or similar items of OpenLocker under Sections 269, 382, 383, 384 or 1502 of the Code and the Treasury Regulations thereunder
    (and comparable provisions of state, local or foreign Law).
	 	 	 
	 	(g)	OpenLocker
    has not entered into a gain recognition agreement pursuant to Treasury Regulations Section 1.367(a)-8. OpenLocker has not transferred
    an intangible the transfer of which would be subject to the rules of Section 367(d) of the Code.
	 	 	 
	 	(h)	None
    of the assets of OpenLocker is property that OpenLocker is required to treat as being owned by any other person pursuant to the so-called
    “safe harbor lease” provisions of former Section 168(f)(8) of the Internal Revenue Code of 1954, as amended.

 

    	17

     

    

 

Section
3.19 Controls. OpenLocker maintains a system of internal accounting controls appropriate for its size. There is no transaction,
arrangement, or other relationship between OpenLocker and an unconsolidated or other off balance sheet entity that is not disclosed by
OpenLocker in its financial statements or otherwise that would be reasonably likely to have a Material Adverse Effect on OpenLocker.

 

Section
3.20 Transactions with Affiliates. None of the officers or directors of OpenLocker and, to the Knowledge of OpenLocker, none of
the employees of OpenLocker, is presently a party to any transaction with OpenLocker (other than for services as employees, officers
and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing for
rental of real or personal property to or from, or otherwise requiring payments to or from any officer, director or such employee or,
to the Knowledge of OpenLocker, any entity in which any officer, director, or any such employee has a substantial interest or is an officer,
director, trustee or partner, in each case in excess of the lesser of (i) $120,000 or (ii) one percent of the average of OpenLocker’s
total assets at year-end for the last two completed fiscal years, other than for (i) payment of salary or consulting fees for services
rendered, (ii) reimbursement for expenses incurred on behalf of OpenLocker and (iii) other employee benefits, including stock option
agreements under any stock option plan of OpenLocker.

 

Section
3.21 Foreign Corrupt Practices. Neither OpenLocker, nor, to the Knowledge of OpenLocker, any agent or other Person acting on behalf
of OpenLocker, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses
related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees
or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution made
by OpenLocker (or made by any Person acting on its behalf of which OpenLocker is aware) which is in violation of Law, or (iv) violated
in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended.

 

Section
3.22 Money Laundering. OpenLocker is in material compliance with, and has not previously violated in any material respect, the
USA PATRIOT ACT of 2001 and all other applicable U.S. and non-U.S. anti-money laundering Laws and regulations, including, but not limited
to, the Laws, regulations and Executive Orders and sanctions programs administered by the U.S. Office of Foreign Assets Control, including,
but not limited, to (i) Executive Order 13224 of September 23, 2001 entitled, “Blocking Property and Prohibiting Transactions With
Persons Who Commit, Threaten to Commit, or Support Terrorism” (66 Fed. Reg. 49079 (2001)); and (ii) any regulations contained in
31 CFR, Subtitle B, Chapter V.

 

Section
3.23 Illegal or Unauthorized Payments; Political Contributions. Neither OpenLocker nor, to the Knowledge of OpenLocker, any of
the officers, directors, employees, agents or other representatives of OpenLocker or any other business entity or enterprise with which
OpenLocker is or has been affiliated or associated, has, directly or indirectly, made or authorized any payment, contribution or gift
of money, property, or services, whether or not in contravention of applicable Law, (a) as a kickback or bribe to any Person or (b) to
any political organization, or the holder of or any aspirant to any elective or appointive public office except for personal political
contributions not involving the direct or indirect use of funds of OpenLocker.

 

    	18

     

    

 

Section
3.24 No Disqualification Events. None of OpenLocker, any of its predecessors, any affiliated issuer, any director, executive officer,
other officer of OpenLocker, any beneficial owner of 20% or more of OpenLocker’s outstanding voting equity securities, calculated
on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities Act) connected with OpenLocker
in any capacity at the time of sale (each, an “OpenLocker Covered Person”) is subject to any of the “Bad Actor”
disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except
for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act. OpenLocker has exercised reasonable care to
determine whether any OpenLocker Covered Person is subject to a Disqualification Event.

 

Section
3.25 Approval of Agreement. The OpenLocker Board has authorized the execution and delivery of this Agreement by OpenLocker and
has approved this Agreement and the Transactions.

 

Section
3.26 Disclosure. All disclosure provided to the Company regarding OpenLocker, its business and Transactions, including the Disclosure
Schedules, furnished by or on behalf of OpenLocker with respect to the representations and warranties made herein are true and correct
in all material respects with respect to such representations and warranties and do not contain any untrue statement of a material fact
or omit to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which
they were made, not misleading.

 

Section
3.27 No Brokers. Neither the Company nor the Stockholders’ Representative has retained any broker or finder in connection
with any of the Transactions, and neither the Company nor the Stockholders’ Representative has incurred or agreed to pay, or taken
any other action that would entitle any Person to receive, any brokerage fee, finder’s fee or other similar fee or commission with
respect to any of the Transactions.

 

Article
IV. Representations and Warranties of Each OpenLocker
Stockholder

 

As
an inducement to, and to obtain the reliance of the Company, each OpenLocker Stockholder, severally and not jointly and severally, and
solely with respect to the OpenLocker Stock held by such OpenLocker Stockholder and with respect to the Exchange Shares to be received
by such OpenLocker Stockholder, represents and warrants to the Company, as of the Effective Date and as of the Closing Date as follows:

 

Section
4.01 Existence and Power. Such OpenLocker Stockholder is a natural person or is an entity duly organized, validly existing, and
in good standing under the Laws of the state of its organization and has the power and is duly authorized under all applicable Laws,
regulations, ordinances, and orders of public authorities to carry on its business in all material respects as it is now being conducted.

 

Section
4.02 Due Authorization. Such OpenLocker Stockholder has taken all actions required by Law, its organizational documents (if applicable)
or otherwise to authorize the execution, delivery and performance of this Agreement and to consummate the Transactions.

 

    	19

     

    

 

Section
4.03 Valid Obligation. This Agreement and all Transaction Documents executed by such OpenLocker Stockholder in connection herewith
constitute the valid and binding obligations of such OpenLocker Stockholder, enforceable in accordance with its or their terms, except
as may be limited by the Enforceability Exceptions.

 

Section
4.04 No Conflict With Other Instruments. The execution of this Agreement by such OpenLocker Stockholder and the consummation of
the Transactions by such OpenLocker Stockholder will not result in the breach of any term or provision of, constitute a default under,
or terminate, accelerate or modify the terms of, any indenture, mortgage, deed of trust, or other material agreement or instrument to
which such OpenLocker Stockholder is a party or to which any of such OpenLocker Stockholder’s assets, properties or operations
are subject.

 

Section
4.05 Governmental Authorization. Neither the execution, delivery nor performance of this Agreement by such OpenLocker Stockholder
requires any consent, approval, license or other action by or in respect of, or registration, declaration or filing with any Governmental
Authority, in each case on the part of such OpenLocker Stockholder.

 

Section
4.06 Title to and Issuance of the OpenLocker Stock. Such OpenLocker Stockholders is, as of the date of the execution of this Agreement
by such OpenLocker Stockholder, and on the Closing Date will be, the record and beneficial owner and holder of the OpenLocker Stock to
be delivered by such OpenLocker Stockholder at the Closing, as set forth on the Updated Capitalization Table, free and clear of all Liens.
None of the OpenLocker Stock held by such OpenLocker Stockholder is subject to pre-emptive or similar rights, either pursuant to any
OpenLocker Organizational Document, requirement of Law or any contract, and no Person has any pre-emptive rights or similar rights to
purchase or receive any OpenLocker Stock or other interests in OpenLocker from such OpenLocker Stockholder.

 

Section
4.07 Investment Representations. For purposes of this Section 4.07, any reference to the “Exchange Shares” shall be
deemed solely to be a reference to the portion of the Exchange Shares being delivered to such applicable OpenLocker Stockholder.

 

	 	(a)	Investment
    Purpose. Such OpenLocker Stockholder understands and agrees that the consummation of the Transactions including the delivery
    of the Exchange Shares to such OpenLocker Stockholder in exchange for the OpenLocker Stock held by such OpenLocker Stockholder as
    contemplated hereby, constitutes the offer and sale of securities under the Securities Act and applicable state statutes and that
    the Exchange Shares are being acquired by such OpenLocker Stockholder are being acquired by such OpenLocker Stockholder for such
    OpenLocker Stockholder’s own account and not with a present view towards the public sale or distribution thereof, except pursuant
    to sales registered or exempted from registration under the Securities Act.
	 	 	 
	 	(b)	Investor
    Status. Such OpenLocker Stockholder is an “accredited investor” as that term is defined in Rule 501(a) of Regulation
    D (and “Accredited Investor”) or is not an Accredited Investor, as indicated on such OpenLocker Stockholder’s signature
    page to this Agreement.

 

    	20

     

    

 

	 	(c)	Information.
    Such OpenLocker Stockholder has been furnished with all documents and materials relating to the business, finances and operations
    of the Company and its subsidiaries and information that such OpenLocker Stockholder requested and deemed material to making an informed
    decision regarding this Agreement and the underlying transactions. Such OpenLocker Stockholder acknowledges and agrees that the SEC
    Reports and the other information, materials and documents as required to be delivered to the OpenLocker Stock pursuant to Rule 502
    under Regulation D pursuant to the Securities Act has been delivered to such OpenLocker Stockholder, and such OpenLocker Stockholder
    has received and reviewed such SEC Reports and other information, materials and documents.
	 	 	 
	 	(d)	Reliance
    on Exemptions. Such OpenLocker Stockholder understands that the Exchange Shares are being offered and sold to such OpenLocker
    Stockholder in reliance upon specific exemptions from the registration requirements of United States federal and state securities
    Laws and that the Company is relying upon the truth and accuracy of, and such OpenLocker Stockholder’s compliance with, the
    representations, warranties, agreements, acknowledgments and understandings of such OpenLocker Stockholder set forth herein in order
    to determine the availability of such exemptions and the eligibility of such OpenLocker Stockholder to acquire the Exchange Shares.
	 	 	 
	 	(e)	Information.
    Such OpenLocker Stockholder and his, her or its advisors, if any, have been furnished with all materials relating to the business,
    finances and operations of the Company and materials relating to the offer and sale of the Exchange Shares which have been requested
    by such OpenLocker Stockholder or his, her or its advisors. Such OpenLocker Stockholder and his, her or its advisors, if any, have
    been afforded the opportunity to ask questions of the Company. Such OpenLocker Stockholder, either alone or with his, her or its
    purchaser representative(s) has such knowledge and experience in financial and business matters that such OpenLocker Stockholder
    is capable of evaluating the merits and risks of the prospective investment and the receipt of the Exchange Shares. Such OpenLocker
    Stockholder understands that such OpenLocker Stockholder’s investment in the Exchange Shares involves a significant degree
    of risk. Such OpenLocker Stockholder is not aware of any facts that may constitute a breach of any of the Company’s representations
    and warranties made herein.
	 	 	 
	 	(f)	Governmental
    Review. Such OpenLocker Stockholder understands that no United States federal or state agency or any other government or governmental
    agency has passed upon or made any recommendation or endorsement of the Exchange Shares.
	 	 	 
	 	(g)	Transfer
    or Resale. Such OpenLocker Stockholder understands that (i) the sale or re-sale of the Exchange Shares has not been and is not
    being registered under the Securities Act or any applicable state securities Laws, and the Exchange Shares may not be transferred
    unless (a) the Exchange Shares are sold pursuant to an effective registration statement under the Securities Act, or (b) the Exchange
    Shares are sold or transferred otherwise in compliance with all applicable securities Laws and, if the Exchange Shares bear a legend
    or are subject to a stop-transfer order referenced in Section 4.07(h) or otherwise required by the Company’s transfer agent,
    such OpenLocker Stockholder shall have delivered to the Company an opinion of counsel that shall be in form, substance and scope
    customary for opinions of counsel in comparable transactions to the effect that the Exchange Shares to be sold or transferred may
    be sold or transferred pursuant to an exemption from such registration, which opinion shall be accepted by the Company, which opinion,
    to the extent available, shall be delivered by the Company’s counsel and at the cost of the Company in the event requested
    within a period of three years following the Closing. Such OpenLocker Stockholder acknowledges that neither the Company nor any other
    person is under any obligation to register such Exchange Shares under the Securities Act or any state securities Laws or to comply
    with the terms and conditions of any exemption thereunder (in each case), except that the Company will use its commercially reasonable
    efforts to comply with the current public information requirements set forth in Rule 144(c)(1).

 

    	21

     

    

 

	 	(h)	Legends.
    Such OpenLocker Stockholder understands that the Exchange Shares, until such time as the Exchange Shares have been registered under
    the Securities Act, or may be sold pursuant to Rule 144 promulgated under the Securities Act (“Rule 144”) or S under
    the Securities Act (or a successor rule) (“Regulation S”), without any restriction as to the number of securities as
    of a particular date that can then be immediately sold, the Exchange Shares may bear a standard Rule 144 legend and a stop-transfer
    order may be placed against transfer of the certificates for such Exchange Shares.
	 	 	 
	 	(i)	Removal.
    The legend(s) referenced in Section 4.07(h) shall be removed and the Company shall issue a certificate without such legend to the
    holder of any Exchange Shares upon which it is stamped, if, unless otherwise required by applicable state securities Laws, (a) the
    Exchange Shares are registered for sale under an effective registration statement filed under the Securities Act or otherwise may
    be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that
    can then be immediately sold, or (b) such holder provides the Company with an opinion of counsel, in form, substance and scope customary
    for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Exchange Shares may be made
    without registration under the Securities Act, which opinion shall be accepted by the Company so that the sale or transfer is effected.
    Such OpenLocker Stockholder agrees to sell all Exchange Shares, including those represented by a certificate(s) from which the legend
    has been removed, in compliance with applicable prospectus delivery requirements, if any.

 

Section
4.08 No Brokers. Such OpenLocker Stockholder has not retained any broker or finder in connection with any of the Transactions,
and such OpenLocker Stockholder has not incurred or agreed to pay, or taken any other action that would entitle any Person to receive,
any brokerage fee, finder’s fee or other similar fee or commission with respect to any of the Transactions.

 

    	22

     

    

 

Article
V. Representations and Warranties of the Company

 

As
an inducement to, and to obtain the reliance of OpenLocker and the OpenLocker Stockholders, the Company represents and warrants to OpenLocker
and the OpenLocker Stockholders, as of the Effective Date and as of the Closing Date except as otherwise specifically set forth below
as to representations and warranties which speak solely with respect to a particular date, and other than as set forth in the reports
and filings made by the Company with the SEC pursuant to the Securities Act or the Exchange Act (the “SEC Reports”), as follows:

 

Section
5.01 Corporate Existence and Power. The Company is a corporation duly organized, validly existing, and in good standing under
the Laws of the State of Delaware and has the corporate power and is duly authorized under all applicable Laws, regulations, ordinances,
and orders of public authorities to carry on its business in all material respects as it is now being conducted. The SEC Reports contain
copies of the articles of incorporation and bylaws of the Company as in effect on the Effective Date (the “Company Organizational
Documents”). The execution and delivery of this Agreement does not, and the consummation of the Transactions will not, violate
any provision of the Company Organizational Documents. The Company has taken all action required by Law, the Company Organizational Documents,
or otherwise to authorize the execution and delivery of this Agreement, and the Company has full power, authority, and legal right and
has taken all action required by Law, the Company Organizational Documents or otherwise to consummate the Transactions.

 

Section
5.02 Due Authorization. The execution, delivery and performance of this Agreement does not, and the consummation of the Transactions
will not, violate any provision of the Company Organizational Documents. The Company has taken all actions required by Law, the Company
Organizational Documents or otherwise to authorize the execution, delivery and performance of this Agreement and to consummate the Transactions.

 

Section
5.03 Valid Obligation. This Agreement and all agreements and other documents executed by the Company in connection herewith constitute
the valid and binding obligations of the Company, enforceable in accordance with its or their terms, except as may be limited the Enforceability
Exceptions.

 

Section
5.04 No Conflict With Other Instruments. The execution of this Agreement by the Company and the consummation of the Transactions
by the Company will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate or modify
the terms of, any indenture, mortgage, deed of trust, or other material agreement or instrument to which the Company is a party or to
which any of its assets, properties or operations are subject.

 

Section
5.05 Governmental Authorization. Neither the execution, delivery nor performance of this Agreement by the Company requires any
consent, approval, license or other action by or in respect of, or registration, declaration or filing with any Governmental Authority.

 

Section
5.06 Authorized Shares and Capital. The authorized capital stock of the Company is comprised of 10,000,000,000 shares of Common
Stock and 50,000,000 shares of preferred stock, par value $0.0001 per share (the “Preferred Stock”). 200,000 shares of the
Preferred Stock has been designated as the Series A Preferred Stock of the Company (the “Series A Stock”). As of the Effective
Date, there are 25,872,504 shares of Common Stock issued and outstanding, and 35,520 shares of Series A Stock issued and outstanding,
and there are no issued or outstanding Derivatives to acquire any shares of capital stock of the Company.

 

Section
5.07 Validity of Shares. The Exchange Shares to be delivered at the Closing shall be duly and validly issued, fully paid and non-assessable
and free and clear of any Liens. Based in part on the accuracy of the representations of the OpenLocker Stockholders in Section 4.07
and subject to filings pursuant to Regulation D under the Securities Act and applicable state securities laws, the offer, sale and issuance
of the Exchange Shares pursuant to this Agreement will be in compliance with federal and applicable state securities laws and regulations.

 

Section
5.08 Approval of Agreement. The Company Board has authorized the execution and delivery of this Agreement by the Company and has
approved this Agreement and the Transactions.

 

    	23

     

    

 

Section
5.09 Disclosure. All disclosure provided to the OpenLocker Stockholders regarding the Company, its business and Transactions furnished
by or on behalf of the Company with respect to the representations and warranties made herein are true and correct in all material respects
with respect to such representations and warranties and do not contain any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading.

 

Section
5.10 No Brokers. The Company has not retained any broker or finder in connection with any of the Transactions, and the Company
has not incurred or agreed to pay, or taken any other action that would entitle any Person to receive, any brokerage fee, finder’s
fee or other similar fee or commission with respect to any of the Transactions.

 

Section
5.11 No Disqualification Events. None of the Company, any of its current affiliated issuers, any of its current directors, executive
officers, or other officers of the Company, any beneficial owner of 20% or more of the Company’s outstanding voting equity securities
since such date, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the Securities
Act) connected with the Company in any capacity (each, a “Company Covered Person”) is subject to any Disqualification Event,
except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) under the Securities Act. The Company has exercised reasonable
care to determine whether any Company Covered Person is subject to a Disqualification Event.

 

Article
VI. Conditions to the Closing

 

Section
6.01 Conditions to the Obligations of all of the Parties. The obligations of all of the Parties to consummate the Closing are
subject to the satisfaction, or waiver by each of the Parties, at or before the Closing Date of all the following conditions:

 

	 	(a)	No
    provisions of any applicable Law, and no Order shall prohibit or impose any condition or prohibition on the consummation of the Closing.
	 	 	 
	 	(b)	There
    shall not be any Action brought by a third-party non-Affiliate to enjoin or otherwise restrict the consummation of the Closing.
	 	 	 
	 	(c)	The
    Parties shall have received all necessary approvals from all required Governmental Authorities to consummate the Transactions.
	 	 	 
	 	(d)	The
    OpenLocker Board shall have approved this Agreement and the Transactions and shall not have withdrawn such approval.
	 	 	 
	 	(e)	The
    Company Board shall have approved this Agreement and the Transactions and shall not have withdrawn such approval.
	 	 	 
	 	(f)	The
    Stockholders’ Agreement shall have been terminated and shall be null and void and of no further force or effect.
	 	 	 
	 	(g)	The
    conversion or exercise of all of the SAFEs as set forth in Section 2.01 and the termination of Brian Klatsky’s OpenLocker Option
    shall have been completed, such that OpenLocker has solely shares of OpenLocker Stock issued and outstanding and, other than the
    OpenLocker Options which will be exchanged for Descrypto Options pursuant to the Option Rollover Agreements, has no issued or outstanding
    Derivatives or any commitments to issue any Equity Securities of OpenLocker.

 

    	24

     

    

 

	 	(h)	The
    Parties shall have agreed on the Updated Capitalization Table, with such agreement not to be unreasonably withheld, conditioned or
    delayed.
	 	 	 
	 	(i)	The
    form and substance of the Option Rollover Agreements shall have been agreed to between the Company and the Stockholders’ Representative,
    and shall have been executed by the Company and each of the applicable Optionholders, and delivered as required herein.

 

Section
6.02 Conditions to the Obligations of the Company. The obligations of the Company to consummate the Closing are subject to the
satisfaction (or waiver by the Company), at or before the Closing Date, of the following conditions:

 

	 	(a)	The
    representations and warranties made by OpenLocker, the Stockholders’ Representative and the OpenLocker Stockholders in this
    Agreement shall have been true and correct when made and shall be true and correct in all material respects (other than representations
    and warranties which are qualified as to materiality and the representations and warranties in Section 3.06, Section 3.07, Section
    4.06 and Section 4.07, which shall each be true and correct in all respects) at the Closing Date with the same force and effect as
    if such representations and warranties were made at and as of the Closing Date, except for changes therein permitted by this Agreement;
	 	 	 
	 	(b)	Each
    of the OpenLocker Parties shall have performed or complied with all covenants and conditions required by this Agreement to be performed
    or complied with by such OpenLocker Parties prior to or at the Closing;
	 	 	 
	 	(c)	OpenLocker
    shall have provided to the Company audited financial statements for OpenLocker and related auditor reports thereon from a Public
    Company Accounting Oversight Board-registered auditor, which the Parties acknowledge and agree shall be the same auditor engaged
    by the Company, which consents to the inclusion of its statements in SEC public filings, for each of the two most recently ended
    fiscal years and any other period audited or unaudited but reviewed financials are required to be included in the SEC Reports following
    the Closing pursuant to applicable Law, and unaudited statements for any other required interim periods; and
	 	 	 
	 	(d)	The
    Company shall have completed its due diligence review and examination of OpenLocker to its satisfaction in its sole discretion.

 

Section
6.03 Condition to the Obligations of the OpenLocker Parties. The obligations of the OpenLocker Parties to consummate the Closing
are subject to the satisfaction (or waiver by OpenLocker and the Stockholders’ Representative on behalf of the OpenLocker Stockholders),
at or before the Closing Date, of the following conditions:

 

	 	(a)	The
    representations and warranties made by the Company in this Agreement shall have been true and correct when made and shall be true
    and correct in all material respects (other than representations and warranties which are qualified as to materiality, and the representations
    and warranties in Section 5.06 and Section 5.07, which shall each be true and correct in all respects) at the Closing Date with the
    same force and effect as if such representations and warranties were made at and as of the Closing Date, except for changes therein
    permitted by this Agreement; and

 

    	25

     

    

 

	 	(b)	The
    Company shall have performed or complied with all covenants and conditions required by this Agreement to be performed or complied
    with by the Company prior to or at the Closing, including with respect to the actions and deliverables which will be effective as
    of the Closing as set forth in Section 2.03(b), Section 2.03(b), Section 2.03(d) and Section 2.03(e).
	 	 	 
	 	(c)	OpenLocker
    shall have completed its due diligence investigation of the Company to OpenLocker’s satisfaction in OpenLocker’s sole
    discretion.

 

Article
VII.Additional Covenants of the Parties

 

Section
7.01 Delivery of Books and Records. At the Closing, OpenLocker shall deliver to the Company the originals of the corporate minute
books, books of account, contracts, records, and all other books or documents of OpenLocker now in the possession of OpenLocker or its
Representatives.

 

Section
7.02 Third Party Consents and Certificates. The Company and the OpenLocker Parties agree to cooperate with each other in order
to obtain any required third party consents to this Agreement and the Transactions.

 

Section
7.03 Notices of Certain Events. In addition to any other notice required to be given by the terms of this Agreement, each of the
Parties shall promptly notify each of the other Parties of:

 

	 	(a)	any
    notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with any
    of the Transactions;
	 	 	 
	 	(b)	any
    notice or other communication from any governmental or regulatory agency or authority in connection with the Transactions; and
	 	 	 
	 	(c)	any
    actions, suits, claims, investigations or proceedings commenced or, to its knowledge threatened against, relating to or involving
    or otherwise affecting such Party that, if pending on the date of this Agreement, would have been required to have been disclosed
    pursuant hereto or that relates to the consummation of the Transactions.

 

Section
7.04 Due Diligence Review. Following the Effective Date until the Closing, each of OpenLocker and the Company shall give to the
other and the other’s authorized Representatives full and complete access to the books and records, contracts, facilities and personnel
of OpenLocker or the Company, as applicable, so that each may complete its due diligence investigation. Each of OpenLocker and the Company
also agrees to provide the other and the other’s authorized Representatives with access to any information in its possession or
within its control that contains information relative to its financial, operational, and/or regulatory condition (present, past, or prospective).
If the Company, in its sole discretion, at any time prior to the Closing determines that its due diligence review of OpenLocker is not
satisfactory to the Company, then the Company may terminate this Agreement upon notice to OpenLocker. If the OpenLocker, in its sole
discretion, at any time prior to the Closing determines that its due diligence review of the Company is not satisfactory to OpenLocker,
then OpenLocker may terminate this Agreement upon notice to the Company.

 

    	26

     

    

 

Article
VIII. Termination; Survival

 

Section
8.01 Termination.This Agreement may be terminated on or prior to the Closing Date:

 

	 	(a)	By
    the mutual written consent of the Company, OpenLocker and the Stockholders’ Representative;
	 	 	 
	 	(b)	By
    the Company (i) if the conditions to the Closing as set forth in Section 6.01 and Section 6.02 have not been satisfied or waived
    by the Company, which waiver the Company may give or withhold in its sole discretion, by the Termination Date, provided, however,
    that the Company may not terminate this Agreement pursuant to this clause (i) of this Section 8.01(b) if the reason for the failure
    of any such condition to occur was the breach of the terms of this Agreement by the Company; or (ii) if there has been a material
    violation, breach or inaccuracy of any representation, warranty, covenant or agreement of any OpenLocker Party contained in this
    Agreement, which violation, breach or inaccuracy would cause any of the conditions set forth in Section 6.02 not to be satisfied,
    and such violation, breach or inaccuracy has not been waived by the Company or cured by the OpenLocker Parties, applicable, within
    five (5) Business Days after receipt by OpenLocker of written notice thereof from the Company or is not reasonably capable of being
    cured prior to the Termination Date;
	 	 	 
	 	(c)	By
    OpenLocker and the Stockholders’ Representative acting together (i) if the conditions to Closing as set forth in Section 6.01
    and Section 6.03 have not been satisfied or waived by OpenLocker and the Stockholders’ Representative, which waiver OpenLocker
    and the Stockholders’ Representative may give or withhold in their sole discretion, by the Termination Date, provided, however,
    that OpenLocker and the Stockholders’ Representative may not terminate this Agreement pursuant to this clause (i) of this Section
    8.01(c) if the reason for the failure of any such condition to occur was the breach of the terms of this Agreement by any of the
    OpenLocker Parties; or (ii) if there has been a material violation, breach or inaccuracy of any representation, warranty, covenant
    or agreement of the Company contained in this Agreement, which violation, breach or inaccuracy would cause any of the conditions
    set forth in Section 6.03 not to be satisfied, and such violation, breach or inaccuracy has not been waived by OpenLocker and the
    Stockholders’ Representative or cured by the Company, applicable, within five (5) Business Days after receipt by the Company
    of written notice thereof from OpenLocker or is not reasonably capable of being cured prior to the Termination Date;
	 	 	 
	 	(d)	By
    any Party, if a court of competent jurisdiction or other Governmental Authority shall have issued an order or taken any other action
    permanently restraining, enjoining or otherwise prohibiting the Transactions and such order or action shall have become final and
    nonappealable; or
	 	 	 
	 	(e)	By
    the Company or OpenLocker, pursuant to the provisions of Section 7.04.

 

    	27

     

    

 

Section
8.02 Specific Enforcement. Notwithstanding the foregoing, the Parties acknowledge and agree that (i) if the Company has a right
to terminate this Agreement pursuant to the provisions of clause (ii) of Section 8.01(b), the Company may elect not to terminate this
Agreement and may instead seek to specifically enforce this Agreement pursuant to the provisions of Section 10.19; and (ii) if OpenLocker
and the Stockholders’ Representative has a right to terminate this Agreement pursuant to the provisions of clause (ii) of Section
8.01(c), OpenLocker and the Stockholders’ Representative may elect not to terminate this Agreement and may instead seek to specifically
enforce this Agreement pursuant to the provisions of Section 10.19.

 

Section
8.03 Survival After Termination. If this Agreement is terminated by in accordance with Section 8.01, this Agreement shall become
void and of no further force and effect with no liability to any Person on the part of any Party hereto (or any officer, agent, employee,
direct or indirect holder of any equity interest or securities, or Affiliates of any Party); provided, however, that this Section 8.03
and Article X shall survive the termination of this Agreement and nothing herein shall relieve any Party from any liability for fraud
or any willful and material breach of the provisions of this Agreement prior to the termination of this Agreement.

 

Article
IX. Indemnification

 

Section
9.01 Indemnification of Company. Provided that the Closing occurs, the Stockholders’ Representative, Abby Klatsky and Brendan
O’Brien (the “Controlling Stockholders”), who are the holders of a majority of the issued and outstanding shares of
OpenLocker Stock, hereby agree, severally and pro-rata as set forth in Section 9.05(b), and not jointly and severally, to indemnify and
hold harmless to the fullest extent permitted by applicable law the Company, each of its Affiliates and each of its and their respective
members, managers, partners, directors, officers, employees, stockholders, attorneys and agents and permitted assignees (each a “Company
Indemnified Party”), against and in respect of any and all out-of-pocket loss, cost, payments, demand, penalty, forfeiture, expense,
liability, judgment, deficiency or damage, and diminution in value or claim (including actual costs of investigation and attorneys’
fees and other costs and expenses) (all of the foregoing collectively, “Losses” and each individually a “Loss”)
incurred or sustained by any Company Indemnified Party as a result of or in connection with any breach, inaccuracy or nonfulfillment
or the alleged breach, inaccuracy or nonfulfillment of any of the representations, warranties, covenants and agreements of the Company
or the Stockholders’ Representative contained herein or in any of the additional agreements or any certificate or other writing
delivered pursuant hereto.

 

Section
9.02 Indemnification of the OpenLocker Parties. Provided that the Closing occurs, the Company hereby agrees to indemnify and hold
harmless to the fullest extent permitted by applicable law the Stockholders’ Representative, the OpenLocker Stockholders, OpenLocker
and each of its officers, directors, employees, stockholders, attorneys and agents and permitted assignees (each a “OpenLocker
Indemnified Party”), against and in respect of any and all Losses incurred or sustained by any OpenLocker Indemnified Party as
a result of or in connection with any breach, inaccuracy or nonfulfillment or the alleged breach, inaccuracy or nonfulfillment of any
of the representations, warranties, covenants and agreements of the Company contained herein or in any of the additional agreements or
any certificate or other writing delivered pursuant hereto.

 

    	28

     

    

 

Section
9.03 Procedure. The following shall apply with respect to all claims by any OpenLocker Indemnified Party or Company Indemnified
Party for indemnification with respect to actions by third-parties (with any references herein to an “Indemnified Party”
being a reference to a OpenLocker Indemnified Party or a Company Indemnified Party, as applicable, and any references herein to an “Indemnifying
Party” being a reference to the Company or the Controlling Stockholders, as applicable):

 

	 	(a)
    	Third-Party
    Claims. If any Indemnified Party receives notice of the assertion or commencement of any Action made or brought by any Person
    who is not a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing (a “Third-Party
    Claim”) against such Indemnified Party with respect to which the Indemnifying Party is obligated to provide indemnification
    under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in any
    event not later than thirty (30) calendar days after receipt of such notice of such Third-Party Claim. The failure to give such prompt
    written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent
    that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified Party shall describe
    the Third-Party Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the
    estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying
    Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any
    Third-Party Claim at the Indemnifying Party’s expense and by the Indemnifying Party’s own counsel, and the Indemnified
    Party shall cooperate in good faith in such defense. In the event that the Indemnifying Party assumes the defense of any Third-Party
    Claim, subject to Section 9.03(b), it shall have the right to take such action as it deems necessary to avoid, dispute, defend, appeal
    or make counterclaims pertaining to any such Third-Party Claim in the name and on behalf of the Indemnified Party. The Indemnified
    Party shall have the right to participate in the defense of any Third-Party Claim with counsel selected by it subject to the Indemnifying
    Party’s right to control the defense thereof, provided that the fees and disbursements of such counsel shall be at the expense
    of the Indemnified Party.
	 	 	 
	 	(b)
    	Settlement
    of Third-Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement
    of any Third-Party Claim without the prior written consent of the Indemnified Party, except as provided in this Section 9.03(b).
    If a firm offer is made to settle a Third-Party Claim without leading to liability or the creation of a financial or other obligation
    on the part of the Indemnified Party and provides, in customary form, for the unconditional release of each Indemnified Party from
    all liabilities and obligations in connection with such Third-Party Claim and the Indemnifying Party desires to accept and agree
    to such offer, the Indemnifying Party shall give written notice to that effect to the Indemnified Party. If the Indemnified Party
    objects to such offer, or does not provide a response to such firm offer within ten days after its receipt of such notice (in which
    case the Indemnified Party shall be deemed to not have consented to such offer), the Indemnified Party shall thereafter assume the
    defense of such Third-Party Claim and shall continue to contest or defend such Third-Party Claim and in such event the maximum liability
    of the Indemnifying Party as to such Third-Party Claim shall not exceed the amount of such settlement offer. If the Indemnified Party
    consents to such firm offer the Indemnifying Party may settle the Third-Party Claim upon the terms set forth in such firm offer to
    settle such Third-Party Claim. If the Indemnified Party has assumed the defense pursuant to this Section 9.03(b), it shall not agree
    to any settlement without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed).

 

    	29

     

    

 

	 	(c)
    	Direct
    Claims. Any Action by an Indemnified Party on account of a Loss which does not result from a Third-Party Claim (a “Direct
    Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof,
    but in any event not later than thirty (30) calendar days after the Indemnified Party becomes aware of such Direct Claim. The failure
    to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except
    and only to the extent that the Indemnifying Party forfeits rights or defenses by reason of such failure. Such notice by the Indemnified
    Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall
    indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party.
    The Indemnifying Party shall have thirty (30) calendar days after its receipt of such notice to respond in writing to such Direct
    Claim. The Indemnified Party shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance
    alleged to give rise to the Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and
    the Indemnified Party shall assist the Indemnifying Party’s investigation by giving such information and assistance as the
    Indemnifying Party or any of its professional advisors may reasonably request. If the Indemnifying Party does not so respond within
    such thirty (30) calendar day period, the Indemnifying Party shall be deemed to have rejected such claim, in which case the Indemnified
    Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions
    of this Agreement.
	 	 	 
	 	(d)
    	Cooperation.
    Upon a reasonable request made by the Indemnifying Party, each Indemnified Party seeking indemnification hereunder in respect of
    any Direct Claim, hereby agrees to consult with the Indemnifying Party and act reasonably to take actions reasonably requested by
    the Indemnifying Party in order to attempt to reduce the amount of Losses in respect of such Direct Claim. Any costs or expenses
    associated with taking such actions shall be included as Losses hereunder.

 

Section
9.04 Sole Recourse. Subject to the last sentence of Section 9.05(c), the sole recourse of any Company Indemnified Party for an
indemnification obligation of a Controlling Stockholder shall be the transfer and return of the Exchange Shares as set forth in Section
9.05.

 

Section
9.05 Additional Provisions Relating to Indemnification by the Controlling Stockholders.

 

	 	(a)
    	Notwithstanding
    the provisions of the last sentence of Section 2.02(b), the Parties acknowledge and agree that the Exchange Shares to be issued to
    the Controlling Shareholders at the Closing shall be certificated. Such certificates shall be held in trust by the Company until
    any indemnification obligations of the Controlling Shareholders hereunder have been satisfied (i.e., one year in the event that there
    are no indemnification claims for which the Controlling Shareholders have any possibility of responsibility for payment hereunder
    at such time), and such certificates shall thereafter be transferred and released to the Controlling Shareholders.

 

    	30

     

    

 

	 	(b)
    	Subject
    to this Section 9.05, any indemnification obligation of any Controlling Stockholders to any Company Indemnified Party pursuant to
    the provisions of this Article IX shall be made solely by the transfer and return to the Company of a number of the Exchange Shares
    held by the Controlling Stockholders equal to (i) the amount of the indemnification payment required to be made divided by (ii) $0.40
    (the “Denominator”), which transfer and return shall be completed within two (2) Business Days of the determination of
    the amount owned by the Controlling Stockholders. Any such return and transfer of Exchange Shares shall be applied pro-rata between
    the Controlling Stockholders based on the number of Exchange Shares issued to each of them at the Closing. By way of example and
    not limitation, in the event that the Controlling Stockholders are required to pay to the Company the sum of $900 pursuant to the
    provisions of this Article IX (and assuming no modifications thereto as a result of the application of the Section 9.08(a)), the
    Controlling Stockholders (collectively) shall transfer and return to the Company 2,250 Exchange Shares and therefore each Controlling
    Stockholder shall transfer and return to the Company 750 Exchange Shares. In no event shall any individual Controlling Stockholder
    be obligated to transfer and return Exchange Shares with a value, calculated in accordance with this Section 9.05, in excess of $1,666,666.
	 	 	 
	 	(c)
    	Notwithstanding
    the provisions of Section 9.05(b), if a Controlling Shareholder is unable to return any Exchange Shares to the Company as and when
    required by Section 9.05(b) due to any reason other than the action or inaction of the Company, the applicable Controlling Shareholder(s)
    shall have the option of paying such amounts in cash or acquiring shares of Common Stock from any other third party and thereafter
    returning the applicable number of shares of Common Stock to the Company in lieu of the Exchange Shares.
	 	 	 
	 	(d)
    	The
    Denominator shall be subject to equitable adjustments for stock splits or stock combinations, recapitalization, reclassifications
    and similar events relating to the Company Common Stock following the Closing Date. By way of example and not limitation, in the
    event of a 2-for-1 forward split of the Company Common Stock following the Closing Date, whereby each share of Company Common Stock
    is split into two shares of Company Common Stock, the Denominator shall be adjusted to be $0.20. By way of example and not limitation,
    in the event of a 1-for-2 reverse split of the Company Common Stock following the Closing Date, whereby each two shares of Company
    Common Stock are combined into one share of Company Common Stock, the Denominator shall be adjusted to be $0.80. The adjustments
    as set forth in this Section 9.05(d) shall be undertaken each time that an event as set forth in this Section 9.05(d) occurs.

 

Section
9.06 Insurance. Any indemnification payments hereunder shall take into account any insurance proceeds or other third-party reimbursement
actually received.

 

Section
9.07 Time Limit. The obligations of the Controlling Stockholders under Section 9.01 and of the Company under Section 9.02 shall
expire one (1) year from the Closing Date, except with respect to (i) an indemnification claim asserted in accordance with the provisions
of this Article IX which remains unresolved, for which the obligation to indemnify shall continue until such claim is resolved; and (ii)
resolved claims for which payment has not yet been paid to the Indemnified Party, and no indemnification claim may be commenced by any
party more than one (1) year from the Closing Date.

 

    	31

     

    

 

Section
9.08 Certain Limitations. The indemnification provided for in Section 9.01 and Section 9.02 shall be subject to the following
limitations:

 

	 	(a)
    	The
    Controlling Stockholders shall not be liable to the Company Indemnified Parties for indemnification under Section 9.01 until the
    aggregate amount of all Losses in respect of indemnification under Section 9.01 exceeds $10,000 (the “Basket”), in which
    event the Controlling Stockholders, collectively, shall be required to pay or be liable for all such Losses in excess of the Basket
    up to a maximum amount equal to the value of the Exchange Shares held by the Controlling Stockholders, and subject to the limits
    as to each individual Controlling Stockholder, as set forth in Section 9.05(b).
	 	 	 
	 	(b)
    	The
    Company shall not be liable to the OpenLocker Indemnified Parties for indemnification under Section 9.02 until the aggregate amount
    of all Losses in respect of indemnification under Section 9.02 exceeds the Basket, in which event the Company shall be required to
    pay or be liable for all such Losses in excess of the Basket up to a maximum amount equal to $5,000,000, which shall in such case
    be applied to all of the OpenLocker Indemnified Parties as a group.

 

Section
9.09 Effect of Investigation. The representations, warranties and covenants of the Indemnifying Party, and any indemnified party’s
right to indemnification with respect thereto, shall not be affected or deemed waived by reason of any investigation made by or on behalf
of the any indemnified party’s or by reason of the fact that such indemnified party knew or should have known that any such representation
or warranty is, was or might be inaccurate.

 

Section
9.10 Exclusive Remedy. In the event that the Closing occurs, the indemnification provisions contained in this Article IX shall
be the sole and exclusive remedy of the Parties with respect to the Transactions for any and all breaches or alleged breaches of any
representations, warranties, covenants or agreements of the Parties hereto or any other provision of this Agreement or arising out of
the Transactions, except (i) with respect to any equitable remedy to which such Party may be entitled to with respect to any claims or
causes of action arising from the breach of any covenants or agreement of a Party that is to be performed subsequent to the Closing Date,
or (ii) with respect to a Party, an actual and intentional fraud with respect to this Agreement and the Transactions provided that the
exclusion to such limitation in this clause (ii) shall not apply to Abby Klatsky or Brendan O’Brien. In furtherance of the foregoing,
each Party hereto, for itself and on behalf of its Affiliates, hereby waives, from and after the Closing, to the fullest extent permitted
under applicable law and except as otherwise specified in this Article IX, any and all rights, claims and causes of action it may have
against any other Party hereto relating to the subject matter of this Agreement or any other agreement, certificate or other document
or instrument delivered pursuant to this Agreement, arising under or based upon any applicable law.

 

    	32

     

    

 

Article
X. Miscellaneous

 

Section
10.01 Arbitration.

 

	 	(a)
    	The
    Parties shall promptly submit any dispute, claim, or controversy arising out of or relating to this Agreement (including with respect
    to the meaning, effect, validity, termination, interpretation, performance, or enforcement of this Agreement) or any alleged breach
    thereof (including any action in tort, contract, equity, or otherwise), to binding arbitration before one arbitrator (the “Arbitrator”).
    Binding arbitration shall be the sole means of resolving any dispute, claim, or controversy arising out of or relating to this Agreement
    (including with respect to the meaning, effect, validity, termination, interpretation, performance or enforcement of this Agreement)
    or any alleged breach thereof (including any claim in tort, contract, equity, or otherwise).
	 	 	 
	 	(b)
    	If
    the Parties cannot agree upon the Arbitrator within ten (10) Business Days of the commencement of the efforts to so agree on an Arbitrator,
    each of the Company and the Stockholders’ Representative shall select one arbitrator and the two arbitrators so selected shall
    select the sole Arbitrator who shall hear and resolve the dispute.
	 	 	 
	 	(c)
    	The
    laws of the State of Delaware shall apply to any arbitration hereunder. In any arbitration hereunder, this Agreement and any agreement
    contemplated hereby shall be governed by the laws of the State of Delaware applicable to a contract negotiated, signed, and wholly
    to be performed in the State of Delaware, which laws the Arbitrator shall apply in rendering his decision. The Arbitrator shall issue
    a written decision, setting forth findings of fact and conclusions of law, within sixty (60) days after he shall have been selected.
    The Arbitrator shall have no authority to award punitive or other exemplary damages.
	 	 	 
	 	(d)
    	The
    arbitration shall be held in West Palm Beach, Florida in accordance with and under the then-current provisions of the rules of the
    American Arbitration Association, except as otherwise provided herein.
	 	 	 
	 	(e)
    	On
    application to the Arbitrator, any Party shall have rights to discovery to the same extent as would be provided under the Federal
    Rules of Civil Procedure, and the Federal Rules of Evidence shall apply to any arbitration under this Agreement; provided, however,
    that the Arbitrator shall limit any discovery or evidence such that his decision shall be rendered within the period referred to
    in Section 10.01(b).
	 	 	 
	 	(f)	 The
    Arbitrator may, at his discretion and at the expense of the Party who will bear the cost of the arbitration, employ experts to assist
    him in his determinations.
	 	 	 
	 	(g)
    	The
    costs of the arbitration proceeding and any proceeding in court to confirm any arbitration award or to obtain relief, as applicable
    (including actual attorneys’ fees and costs), shall be borne by the unsuccessful Party and shall be awarded as part of the
    Arbitrator’s decision, unless the Arbitrator shall otherwise allocate such costs in such decision. The determination of the
    Arbitrator shall be final and binding upon the Parties and not subject to appeal.
	 	 	 
	 	(h)
    	Any
    judgment upon any award rendered by the Arbitrator may be entered in and enforced by any court of competent jurisdiction. The Parties
    expressly consent to the non-exclusive jurisdiction of the courts (Federal and state) located in Palm Beach County, Florida to enforce
    any award of the Arbitrator or to render any provisional, temporary, or injunctive relief in connection with or in aid of the Arbitration.
    The Parties expressly consent to the personal and subject matter jurisdiction of the Arbitrator to arbitrate any and all matters
    to be submitted to arbitration hereunder. None of the Parties hereto shall challenge any arbitration hereunder on the grounds that
    any party necessary to such arbitration (including the Parties) shall have been absent from such arbitration for any reason, including
    that such Party shall have been the subject of any bankruptcy, reorganization, or insolvency proceeding.

 

    	33

     

    

 

Section
10.02 Governing Law. This Agreement shall be governed by, enforced, and construed under and in accordance with the Laws of the
State of Delaware, without giving effect to the principles of conflicts of law thereunder. Each of the Parties (a) irrevocably consents
and agrees that any legal or equitable action or proceedings arising under or in connection with this Agreement shall be brought exclusively
in the state or federal courts of the United States with jurisdiction in Palm Beach County, Florida. By execution and delivery of this
Agreement, each Party hereto irrevocably submits to and accepts, with respect to any such action or proceeding, generally and unconditionally,
the jurisdiction of the aforesaid courts, and irrevocably waives any and all rights such Party may now or hereafter have to object to
such jurisdiction.

 

Section
10.03 Waiver of Jury Trial.

 

	 	(a)
    	EACH
    PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL
    PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREIN (WHETHER BASED
    ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY
    HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
    WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
    THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 10.03(a).
	 	 	 
	 	(b)
    	Each
    of the Parties acknowledge that each has been represented in connection with the signing of this waiver by independent legal counsel
    selected by the respective Party and that such Party has discussed the legal consequences and import of this waiver with legal counsel.
    Each of the Parties further acknowledge that each has read and understands the meaning of this waiver and grants this waiver knowingly,
    voluntarily, without duress and only after consideration of the consequences of this waiver with legal counsel.

 

Section
10.04 Limitation on Damages. In no event will any Party be liable to any other Party
under or in connection with this Agreement or in connection with the Transactions for special, general, indirect or consequential damages,
including damages for lost profits or lost opportunity, even if the Party sought to be held liable has been advised of the possibility
of such damage.

 

    	34

     

    

 

Section
10.05 Notices.

 

	 	(a)
    	Any
    notice or other communications required or permitted hereunder shall be in writing and shall be sufficiently given if personally
    delivered to it or sent by email, overnight courier or registered mail or certified mail, postage prepaid, addressed as follows:

 

If
to the Company, to:

 

Descrypto
Holdings, Inc.

Attn:
Howard Gostfrand

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL

Email:
hg@amcapventures.com

 

With
a copy, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
Laura Anthony

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL 33401

Email:
lanthony@anthonypllc.com

 

If
to OpenLocker, any OpenLocker Stockholder or the Stockholders’ Representative, to:

 

OpenLocker
Inc.

Attn:
Brian Klatsky

320
Broad Street

Red
Bank, NJ 07701

Email:
brian@openlocker.io

 

With
a copy, which shall not constitute notice, to:

 

McCloskey
Law PLLC

Attn:
Patrick T. McCloskey

425
Madison Avenue, Suite 1700

New
York, NY 10017

Email:
patrick@mccloskeylawpllc.com

 

	 	(b)
    	Any
    Party may change its address for notices hereunder upon notice to each other Party in the manner for giving notices hereunder.
	 	 	 
	 	(c)
    	Any
    notice hereunder shall be deemed to have been given (i) upon receipt, if personally delivered, (ii) on the day after dispatch, if
    sent by overnight courier, (iii) upon dispatch, if transmitted by email with return receipt requested and received and (iv) three
    (3) days after mailing, if sent by registered or certified mail.

 

Section
10.06 Attorneys’ Fees. In the event that any Party institutes any action or suit to enforce this Agreement or to secure
relief from any default hereunder or breach hereof, the prevailing Party shall be reimbursed by the losing Party for all costs, including
reasonable attorneys’ fees, incurred in connection therewith and in enforcing or collecting any judgment rendered therein.

 

    	35

     

    

 

Section
10.07 Confidentiality. Each Party agrees that, unless and until the Transactions have been consummated, it and its Representatives
will hold in strict confidence all data and information obtained with respect to another Party or any subsidiary thereof from any Representative,
officer, director or employee, or from any books or records or from personal inspection, of such other Party, and shall not use such
data or information or disclose the same to others, except (i) to the extent such data or information is published, is a matter of public
knowledge, or is required by Law to be published; or (ii) to the extent that such data or information must be used or disclosed in order
to consummate the Transactions. In the event of the termination of this Agreement, each Party shall return to the applicable other Party
all documents and other materials obtained by it or on its behalf and shall destroy all copies, digests, work papers, abstracts or other
materials relating thereto, and each Party will continue to comply with the confidentiality provisions set forth herein.

 

Section
10.08 Third Party Beneficiaries. This contract is strictly between the Company, OpenLocker, the OpenLocker Stockholders and the
Stockholders’ Representative, and except as specifically provided herein, no other Person and no director, officer, stockholder
(other than the OpenLocker Stockholders), employee, agent, independent contractor or any other Person shall be deemed to be a third-party
beneficiary of this Agreement. For the avoidance of doubt, the Optionholders, in their capacities as holders of OpenLocker Options, are
not parties to this Agreement and shall have no rights or obligations hereunder.

 

Section
10.09 Expenses. Subject to Article IX and Section 10.06, whether or not the Exchange is consummated, each of the Company and the
OpenLocker Parties will bear their own respective expenses, including legal, accounting and professional fees, incurred in connection
with the Exchange or any of the other Transactions.

 

Section
10.10 Entire Agreement. This Agreement and the other agreements and documents referenced herein represent the entire agreement
between the Parties relating to the subject matter thereof and supersede all prior agreements, understandings and negotiations, written
or oral, with respect to such subject matter. Notwithstanding the foregoing, the Parties acknowledge and agree that the Option Rollover
Agreements are not a “Transaction Document” and shall be entered into and enforced separately from this Agreement, while
each is mutually dependent on the other.

 

Section
10.11 Survival. The representations, warranties, and covenants of the respective Parties shall survive the Closing Date and the
consummation of the Transactions for a period of one year.

 

Section
10.12 Amendment; Waiver; Remedies; Agent.

 

	 	(a)
    	This
    Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms, covenants, representations, warranties
    or conditions hereof may be waived, only by a written instrument executed by the Company, OpenLocker and the Stockholders’
    Representative.
	 	 	 
	 	(b)
    	Every
    right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in equity,
    and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by the other shall be
    construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing.

 

    	36

     

    

 

	 	(c)
    	Neither
    any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor any course
    of dealing shall constitute a waiver of or prevent any Party from enforcing any right or remedy or from requiring satisfaction of
    any condition. No notice to or demand on a Party waives or otherwise affects any obligation of that Party or impairs any right of
    the Party giving such notice or making such demand, including any right to take any action without notice or demand not otherwise
    required by this Agreement. No exercise of any right or remedy with respect to a breach of this Agreement shall preclude exercise
    of any other right or remedy, as appropriate to make the aggrieved Party whole with respect to such breach, or subsequent exercise
    of any right or remedy with respect to any other breach.
	 	 	 
	 	(d)
    	Notwithstanding
    anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential, punitive or exemplary damages,
    under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement or any
    provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

Section
10.13 OpenLocker Stockholders’ Representative.

 

	 	(a)
    	Each
    OpenLocker Stockholder constitutes and appoints the Stockholders’ Representative as its Representative and its true and lawful
    attorney in fact, with full power and authority in its name and on its behalf:

 

	 	 	(i)
    	to
    act on such OpenLocker Stockholders’ behalf in the absolute discretion of Stockholders’ Representative with respect to
    all matters relating to this Agreement, including execution and delivery of any amendment, supplement, or modification of this Agreement
    and any waiver of any claim or right arising out of this Agreement or the provision of any consent or agreement hereunder; and
	 	 	 	 
	 	 	(ii)
    	in
    general, to do all things and to perform all acts, including executing and delivering all agreements, certificates, receipts, instructions,
    and other instruments contemplated by or deemed advisable to effectuate the provisions of this Section 10.13.

 

	 	(b)
    	This
    appointment and grant of power and authority is coupled with an interest and is in consideration of the mutual covenants made in
    this Agreement and is irrevocable and will not be terminated by any act of any OpenLocker Stockholder or by operation of law, whether
    by the death or incapacity of any OpenLocker Stockholder or by the occurrence of any other event. Each OpenLocker Stockholder hereby
    consents to the taking of any and all actions and the making of any decisions required or permitted to be taken or made by Stockholders’
    Representative pursuant to this Section 10.13. Each OpenLocker Stockholder agrees that Stockholders’ Representative shall have
    no obligation or liability to any Person for any action taken or omitted by Stockholders’ Representative in good faith, even
    if taken or omitted negligently, and each OpenLocker Stockholder shall indemnify and hold harmless Stockholders’ Representative
    from, and shall pay to Stockholders’ Representative the amount of, or reimburse Stockholders’ Representative for, any
    Loss that Stockholders’ Representative may suffer, sustain, or become subject to as a result of any claim made or threatened
    against Stockholders’ Representative in his capacity as such.
	 	 	 
	 	(c)
    	The
    Company shall be entitled to rely upon any document or other paper delivered by Stockholders’ Representative as being authorized
    by OpenLocker Stockholders, and the Company shall not be liable to any OpenLocker Stockholder for any action taken or omitted to
    be taken by the Company based on such reliance.

 

    	37

     

    

 

Section
10.14 Arm’s Length Bargaining; No Presumption Against Drafter. This Agreement has been negotiated at arm’s-length
by parties of equal bargaining strength, each represented by counsel or having had but declined the opportunity to be represented by
counsel and having participated in the drafting of this Agreement. This Agreement creates no fiduciary or other special relationship
between the Parties, and no such relationship otherwise exists. No presumption in favor of or against any Party in the construction or
interpretation of this Agreement or any provision hereof shall be made based upon which Person might have drafted this Agreement or such
provision.

 

Section
10.15 Headings. The headings contained in this Agreement are intended solely for convenience and shall not affect the rights of
the Parties.

 

Section
10.16 No Assignment or Delegation. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their
respective successors and permitted assigns. No Party shall have any power or any right to assign or transfer, in whole or in part, this
Agreement, or any of its rights or any of its obligations hereunder, including, without limitation, any right to pursue any claim for
damages pursuant to this Agreement or the transactions contemplated herein, or to pursue any claim for any breach or default of this
Agreement, or any right arising from the purported assignor’s due performance of its obligations hereunder, without the prior written
consent of the other Party and any such purported assignment in contravention of the provisions herein shall be null and void and of
no force or effect.

 

Section
10.17 Commercially Reasonable Efforts. Subject to the terms and conditions herein provided, each OpenLocker Party and the Company
shall use their respective commercially reasonable efforts to perform or fulfill all conditions and obligations to be performed or fulfilled
by it under this Agreement so that the Transactions shall be consummated as soon as practicable, and to take, or cause to be taken, all
actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and regulations to consummate
and make effective this Agreement and the Transactions. Notwithstanding the foregoing, neither the Stockholder Representative nor any
OpenLocker Party shall have any liability (for equitable remedies, damages or otherwise) for the failure or refusal of (1) any Additional
Stockholder to execute and deliver a Joinder and/or (2) any Optionholder to execute and deliver an Option Rollover Agreement.

 

Section
10.18 Further Assurances. From and after the Effective Date, each Party shall execute and deliver such documents and take such
action, as may reasonably be considered within the scope of such Party’s obligations hereunder, necessary to effectuate the Transactions.

 

Section
10.19 Specific Performance. The Parties agree that irreparable damage would occur in the event that any of the provisions of this
Agreement were not performed by them in accordance with the terms hereof or were otherwise breached and that each Party hereto shall
be entitled to an injunction or injunctions, specific performance and other equitable relief to prevent breaches of the provisions hereof
and to enforce specifically the terms and provisions hereof, without the proof of actual damages, in addition to any other remedy to
which they are entitled at law or in equity. Each Party agrees to waive any requirement for the security or posting of any bond in connection
with any such equitable remedy, and agrees that it will not oppose the granting of an injunction, specific performance or other equitable
relief on the basis that (a) the other Party has an adequate remedy at law, or (b) an award of specific performance is not an appropriate
remedy for any reason at law or equity.

 

Section
10.20 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all
of which taken together shall be but a single instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf
or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com) or other transmission method and
any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[Signatures
Appear on Following Pages]

 

    	38

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.

 

	 	Descrypto
    Holdings, Inc.
	 	 	                                     
	 	By:	/s/
Howard Gostfrand
	 	Name:	Howard
Gostfrand
	 	Title:
    	Chief
Executive Officer
	 	 	 
	 	OpenLocker
    Inc.
	 	 	 
	 	By:	/s/
Brian Klatsky
	 	Name:
    	Brian
    Klatsky
	 	Title:
    	President
	 	 	 
	 	Stockholders’
    Representative
	 	 	 
	 	By:
    	/s/
Brian Klatsky
	 	Name:
    	Brian
Klatsky

 

[Stockholders’
signatures continue on following pages.]

 

    	39

     

    

 

OpenLocker
Stockholder Name: Brian Klatsky

 

	By:	/s/
Brian Klatsky	 
	 	(signature)	 
	 	 	 
	Name:	Brian
Klatsky	 
	 	 	 
	Title:
    	 	 
	 	(if
applicable, for entities)	 

 

The
above-named OpenLocker Stockholder certifies that he/she/it is:

 

	 	___X____	An Accredited Investor
	 	 	 
	 	_______	Not an Accredited Investor

 

    	 

     

    

 

 

OpenLocker
Stockholder Name: Abby Klatsky

 

	By:	/s/
Abby Klatsky	 
	  	(signature)	 
	 	 	 
	Name:
    	Abby
    Klatsky	 
	 	 	 
	Title:
    		 
	  	(if
    applicable, for entities)	 

 

The
above-named OpenLocker Stockholder certifies that he/she/it is:

 

	 	___X____	An Accredited Investor
	 	 	 
	 	_______	Not an Accredited Investor

 

    	 

     

    

 

OpenLocker
Stockholder Name: Brendan O’Brien

 

	By:
    	/s/
Brendan O’Brien	 
	  	(signature)	 
	 	 	 
	Name:	Brendan
O’Brien	 
	 	 	 
	Title:	 	 
	 	(if
    applicable, for entities)	 

 

The
above-named OpenLocker Stockholder certifies that he/she/it is:

 

	 	___X____	An Accredited Investor
	 	 	 
	 	_______	Not an Accredited Investor

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