Document:

Exhibit

Exhibit 10.23

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT
THIS AGREEMENT (the “Agreement”) is made as of November 25, 2015, by and among ForeScout Technologies, Inc., a Delaware corporation (the “Company”), each Person listed in Schedule A attached hereto (together, the “Founders”), and each Person listed in Schedule B attached hereto (together, the “Investors”). Unless otherwise provided in this Agreement, capitalized terms used herein shall have the meanings set forth in Section 10 hereof.
Recitals
A.    The Company, the Founders and certain of the Investors have entered into that certain Amended and Restated Investors’ Rights Agreement dated September 8, 2014 (the “Prior Rights Agreement”).
B.    Certain of the Investors and the Company are parties to the Series G Preferred Stock Purchase Agreement dated November 24, 2015 (the “G Purchase Agreement”), pursuant to which the G Investors are purchasing Series G Preferred Stock of the Company.
C.    Whereas the parties desire to amend, restate and replace in its entirety, the Prior Rights Agreement, upon the initial closing of the sale of the Series G Preferred Stock pursuant to the G Purchase Agreement, with this Agreement.
D.    In consideration of the promises and mutual covenants set forth herein, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree to amend and restate the Prior Rights Agreement in its entirety, which shall be of no further force or effect, as follows:
1.Registration Rights.
1.1    Right to Piggyback.
(a)    Right to Piggyback.  In connection with an IPO and at any time thereafter, but subject to the terms of any “lock-up agreement” entered into by a Holder with an underwriter for the IPO (unless waived by such underwriter), whenever the Company proposes to register any of its securities under the Securities Act (other than pursuant to a registration on Form S-4, Form S-8 or any successor form) and the registration form to be used may be used for the registration of Preferred Registrable Securities (a “Piggyback Registration”), the Company shall give prompt written notice to all Holders of its intention to effect such a registration.  Upon the written request of each Holder given within twenty (20) days after mailing of such notice by the Company in accordance in Section 11.7, the Company shall cause to be registered under the Securities Act all of the Preferred Registrable Securities that each such Holder has requested to be registered.
(b)    Priority on Registrations.  If a Piggyback Registration is an underwritten primary registration on behalf of the Company, and the managing underwriters determine in their sole discretion and advise the Company in writing that in their opinion the number of securities requested to be included in such registration exceeds the number which can be sold in 

an orderly manner in such offering within a price range acceptable to the Company, the Company shall include in such registration:  (i) first, the securities the Company proposes to sell; (ii) second, the Preferred Registrable Securities requested to be included in such registration, pro rata among the Holders on the basis of the number of Preferred Registrable Securities owned by such Holders; and (iii) third, other securities requested to be included in such registration, pro rata among the holders thereof on the basis of the number of their securities requested to be included therein.  In no event shall (i) the number of Preferred Registrable Securities be reduced below thirty percent (30%) of the total amount of securities included in such offering, unless such offering is the IPO, in which case the selling Investors may be excluded entirely if the underwriters make the determination described above and no other shareholder’s securities are included.
1.2    Demand Registrations.
(a)    At any time following the six month anniversary of the closing of an IPO, and until the fifth anniversary of the closing of an IPO, the Initiating Holders may request in writing that all or part of the Preferred Registrable Securities shall be registered for sale under the Securities Act.  Within twenty (20) days after receipt of any such request, the Company shall give written notice of such request to all other Holders, and shall include in such registration all Preferred Registrable Securities held by all such Holders who wish to participate in such demand registration and provide the Company with written requests for inclusion therein within fifteen (15) days after the receipt of the Company’s notice.  Thereupon, the Company shall effect the registration of all Preferred Registrable Securities as to which it has received requests for registration for sale, with an underwriter, selected by the Initiating Holders and reasonably acceptable to the Company.
(b)    The Company shall not be required to effect more than two (2) registrations under Section 1.2(a); provided, however, that any registration proceeding begun pursuant to Section 1.2(a) that is subsequently withdrawn at the request of the Initiating Holders shall count toward the two registration statements which the Initiating Holders have the right to cause to effect pursuant to Section 1.2(a) unless the Initiating Holders reimburse the Company for all out-of-pocket expenses incurred by the Company in connection with such withdrawn registration; provided, however, that if at the time of such withdrawal, the Initiating Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Initiating Holders at the time of their request and have withdrawn the request with reasonable promptness following disclosure by the Company of such material adverse change, then the Initiating Holders shall not be required to pay any of such expenses, such withdrawal shall not count as a registration under Section 1.2, and the Investors shall retain their rights pursuant to Section 1.2.
(c)    Notwithstanding any other provision of this Section 1.2, if any such registration contemplates an underwritten offering and if the managing underwriter advises the Initiating Holders in writing that in the managing underwriter’s opinion the number of securities requested to be included in such registration exceeds the number that can be sold in such offering without adversely affecting such underwriter’s ability to effect an orderly distribution of such securities, then the Company shall so advise all Holders that would otherwise be underwritten pursuant hereto, and the Company shall include in such registration, (i) first, the Preferred Registrable Securities requested to be included therein (the securities so included to be allocated 

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between the Holders on a pro rata basis based on the number of Preferred Registrable Securities held by all such Holders), (ii) second, shares which the Company may wish to register for its own account, and (iii) third, other securities requested and entitled to be included in such registration; provided, however, that in any event all Preferred Registrable Securities must be included in such registration prior to any other securities of the Company.  If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter, delivered at least twenty (20) days prior to the effective date of the registration statement. Any Preferred Registrable Securities excluded or withdrawn from such underwritten public offering shall be withdrawn from the registration.
(d)    The Company shall be entitled to include in any registration statement referred to in this Section 1.2, for sale in accordance with the method of disposition specified by the Initiating Holders, shares of Common Stock to be sold by the Company for its own account, provided that the price per share applicable to such registration shall not, in the opinion of the managing underwriters (if such method of disposition shall be an underwritten public offering), be reduced due to such Common Stock to be sold by the Company.
(e)    Notwithstanding anything to the contrary in this Agreement, the Company shall not be obligated to file and cause to become effective any registration statement under this Section 1.2 or under Section 1.3 below (i) within a period of 180 days after the effective date of any registration statement of the Company (other than any registration statement on Form S-4 (or any successor form) or relating to any employee stock option or stock purchase or similar plan or relating to any dividend reinvestment plan) under the Securities Act; (ii) if the Company provides notice to the Initiating Holders within 15 days of the request for a registration that the Company is engaged in pursuing an underwritten public offering of its stock (the “Competing Offering”) in which the Initiating Holders may include Preferred Registrable Securities pursuant to Section 1.1 hereof; provided, however, the Company’s obligation to file and cause to become effective a registration statement under this Section 1.2 or under Section 1.3 below shall be reinstated if the Company does not file a registration statement with respect to the Competing Offering with the Securities and Exchange Commission within 90 days after it so notifies the Initiating Holders) and provided that the Company is actively employing in good faith all reasonable efforts to cause such registration statement to become effective; or (iii) if the Company provides to the Initiating Holders a certificate signed by the Chief Executive Officer of the Company stating that, in the good faith judgment of the Company’s Board of Directors (the “Board”), it would be seriously detrimental to the Company and its stockholders for a prospectus or registration statement (as applicable) to be filed at such time and it is therefore appropriate to defer the filing of such prospectus or registration statement, in which case the Company may direct that such request for a registration be delayed for a period not in excess of 90 days, provided that such right to delay a request may be exercised by the Company no more than once in any twelve month period and provided further that the Company shall not register any securities for the account of itself or any other stockholder during such ninety (90) day period.
(f)    Following the effectiveness of a registration statement (and the filings with any state securities commissions) filed under this Section 1.2 or under Section 1.3 below, the Company may (in the good faith judgment of the Board), subject to the provisions of Section 1.2

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(g), direct the Holders to suspend sales of the Preferred Registrable Securities under such registration statement for such times as the Company reasonably may determine is necessary and advisable, (i) not to exceed in any event 90 days, and (ii) not to be used more than once in any twelve (12) month period, for any event for which disclosure may be required under the securities laws, including the following events (a “Suspension Event”):  (i) an underwritten primary offering by the Company where the Company is advised by the underwriters for such offering that sale of Preferred Registrable Securities under the registration statement would have a material adverse effect on the primary offering, or (ii) pending negotiations relating to or consummation of, a transaction or the occurrence of an event (x) that would require additional disclosure of material information by the Company in the registration statement (or such filings), (y) as to which the Company has a bona fide business purpose for preserving confidentiality or (z) which renders the Company unable to comply with Commission requirements, or (iii) the continued effectiveness of a registration statement would have a material adverse effect on any proposed or pending acquisition, merger, business combination or other material transaction involving the Company, in each case under circumstances that would make it impractical or inadvisable to cause the registration statement (or such filings) to become effective or to promptly amend or supplement the registration statement on a post-effective basis, as applicable.
(g)    In the case of an event which causes the Company to suspend the effectiveness of a registration statement filed under Section 1.2 or under Section 1.3, the Company, if it wishes to exercise its right to suspend the sale of securities, shall give notice (a “Suspension Notice”) to the Holders to suspend sales of the Preferred Registrable Securities under such registration statement so that the Company may correct or update the registration statement (or such filings).  Each Holder agrees that it will not effect any sales of the Preferred Registrable Securities pursuant to such registration statement (or such filings) at any time after it has received a Suspension Notice from the Company.  If so directed by the Company, each Holder will deliver to the Company all copies of the prospectus covering the Preferred Registrable Securities held by it at the time of receipt of the Suspension Notice.  The Holders may recommence effecting sales of the Preferred Registrable Securities pursuant to the registration statement (or such filings) following further notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company as soon as practicable following the conclusion of any Suspension Event and the effectiveness of any required amendment or supplement to the registration statement.  The period of effectiveness of the registration that is subject to suspension under this Section shall be extended for a period equal to the length of the suspension.  The Company may not provide a Suspension Notice and exercise its rights of suspension hereunder if its executive officers and directors are at such time permitted to engage in trades of the Company’s Common Stock (other than pursuant to a Rule 10b5-l trading plan).
1.3    S-3 Registration Rights.
(a)    Upon and any time after the Company becomes eligible to file a registration statement on Form S-3, the Company shall, at the request from the holders of forty percent (40%) or more of the Preferred Registrable Securities (the “S-3 Initiating Holders”) then outstanding that the Company effect a registration on Form S-3 with respect to Preferred Registrable Securities, within twenty (20) days after receipt of any such request, give written notice of the 

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proposed registration to all other Holders, and include in such registration all Preferred Registrable Securities held by all such Holders who wish to participate in such registration and provide the Company with written requests for inclusion therein within fifteen (15) days after the receipt of the Company’s notice.  Thereupon, the Company shall effect such registration as may be so requested and as would permit or facilitate the sale and distribution of all such S-3 Initiating Holders’ Preferred Registrable Securities as are specified in such request, together with all or such portion of the Preferred Registrable Securities of any other holder(s) thereof joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration pursuant to this Section 1.3 if Form S-3 is not available for such offering by the S-3 Initiating Holders.
(b)    The Company shall not be required to effect more than two (2) registrations under Section 1.3 during any 12-month period; provided, however, that any registration proceeding begun pursuant to Section 1.3(a) that is subsequently withdrawn at the request of the S-3 Initiating Holders shall count toward the two registration statements which the Holders have the right to cause to effect pursuant to Section 1.3(a) in any 12-month period unless the S-3 Initiating Holders reimburse the Company for all out-of-pocket expenses incurred by the Company in connection with such withdrawn registration, and provided further that if at the time of such withdrawal, the S-3 Initiating Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the S-3 Initiating Holders at the time of their request and have withdrawn the request with reasonable promptness following disclosure by the Company of such material adverse change then the S-3 Initiating Holders shall not be required to pay any such expenses, such withdrawal shall not count as a registration under Section 1.3(a), and the Investors shall retain their rights pursuant to Section 1.3.
1.4    Holdback Agreement.
Each Holder and each Founder shall not, without the prior written consent of the managing underwriter, sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale (including sales pursuant to Rule 144) of equity securities of the Company, or any securities convertible into or exchangeable or exercisable for such securities, during such period as requested by the underwriter managing the Company’s IPO beginning on the effective date of the registration statement relating to the Company’s IPO (except as part of such underwritten registration), up to a maximum of 180 days.  If requested by the underwriter, each Holder and each Founder will reaffirm the agreement set forth in this Section 1.4 in a separate writing in a form satisfactory to such underwriter.  The Company may impose stop-transfer instructions with respect to such shares of Common Stock subject to the foregoing restriction until the end of said period.  The foregoing provisions of this Section 1.4 shall apply only to the Company’s IPO, shall not apply to the sale of any shares to an underwriter pursuant to an underwriting agreement, shall not apply to the sale of shares acquired in the IPO (unless such shares are acquired pursuant to a directed share program and the managing underwriter requests that such shares be subject to this Section 1.4), and shall not apply to shares acquired in the open market following the IPO, and shall only be applicable to the Holders and Founders if all officers and directors and greater than one percent (1%) stockholders of the Company 

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agree to substantially the same terms.  If any of the obligations described in this Section 1.4 or such substantially similar agreements are waived or terminated with respect to any of the securities of any such Holder, Founder, officer, director or greater than one-percent stockholder (in any such case, the “Released Securities”), the foregoing provisions shall be waived or terminated, as applicable, to the same extent and with respect to the same percentage of securities of each Holder and Founder as the percentage of Released Securities represent with respect to the securities held by the applicable Holder, Founder, officer, director or greater than one-percent stockholder. The underwriters in connection with a registration statement so filed are intended third party beneficiaries of this Section 1.4 and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. 
1.5    Registration Procedures.
Whenever required under this Agreement to effect the registration of Preferred Registrable Securities, the Company shall as expeditiously as possible:
(a)    prepare and file with the Commission a registration statement with respect to such Preferred Registrable Securities and use its best commercial efforts to cause such registration statement to become and remain effective for at least 120 days, or up 9 months in the event of registration under Section 1.3 or until the distribution described in the registration statement has been completed, whichever first occurs;
(b)    notify each Holder of the effectiveness of each registration statement filed hereunder and prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary to keep such registration statement effective for such periods set forth above and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration statement;
(c)    furnish to each seller of Preferred Registrable Securities such number of copies of such registration statement, each amendment and supplement thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such seller may reasonably request in order to facilitate the disposition of the Preferred Registrable Securities owned by such seller;
(d)    use its best commercial efforts to register or qualify such Preferred Registrable Securities under such other securities or blue sky laws of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Preferred Registrable Securities owned by such seller; provided that the Company shall not be required to:  (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subparagraph; (ii) subject itself to taxation in any such jurisdiction; or (iii) consent to general service of process in any such jurisdiction;

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(e)    cause all such Preferred Registrable Securities to be listed or quoted on each securities exchange or market on which similar securities issued by the Company are then listed; provided, however, that if the Company’s securities are not listed or quoted on a securities exchange or market, the Holders will not have the right to a registration under Section 1.2 or Section 1.3 of this Agreement;
(f)    provide a transfer agent and registrar and a CUSIP number for all such Preferred Registrable Securities not later than the effective date of such registration statement;
(g)    enter into such customary agreements (including underwriting agreements in customary form) in order to expedite or facilitate the disposition of such Preferred Registrable Securities and, in the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing underwriter of such offering;
(h)    make available for inspection at reasonable times by any underwriter participating in any disposition pursuant to such registration statement, and any attorney, accountant or other agent retained by any such underwriter, all financial and other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such underwriter, attorney, accountant or agent in connection with such registration statement;
(i)    subject to Section 1.5(d) above, use its reasonable efforts to cause any Preferred Registrable Securities covered by such registration statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of such Preferred Registrable Securities;
(j)    if the offering is underwritten, use its reasonable efforts to furnish on the date that Preferred Registrable Securities are delivered to the underwriters for sale pursuant to such registration, an opinion dated such date of counsel representing the Company for the purposes of such registration and a “comfort letter” from the Company’s independent accountants, addressed to the underwriters covering such issues as are reasonably required by such underwriters; and
(k)    notify each Holder at any time when a prospectus relating thereto is required to be delivered under the Securities Act or the happening of any event as a result of which the Company reasonably believes the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing.
1.6    Registration Expenses.
(a)    Payment of Registration Expenses.  All expenses incident to the Company’s performance of or compliance with this Agreement, including without limitation all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger and delivery expenses, fees and disbursements of custodians, and fees and 

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disbursements of counsel for the Company and all independent certified public accountants, underwriters (excluding customary fees and commissions) and other Persons retained by the Company and the reasonable fees and disbursements of one counsel selected by the majority of the Selling Stockholders, which shall not exceed $50,000 (all such expenses being herein called “Registration Expenses”), shall be borne by the Company.
(b)    Payment of Registration Expenses by Holders of Preferred Registrable Securities.  Each holder of securities included in any registration hereunder shall pay those Selling Expenses allocable to the registration of such holder’s securities so included.
1.7    Participation in Underwritten Registrations. 
No Person may participate in any registration hereunder unless such Person:
(a)    in the case of a registration which is underwritten, agrees to sell such Person’s securities on the basis provided in any underwriting arrangements approved by the Company or the Initiating Holders (as applicable for registrations under Sections 1.2 or 1.3 above);
(b)    as expeditiously as possible, notifies the Company, at any time when a prospectus relating to such Person’s Preferred Registrable Securities is required to be delivered under the Securities Act, of the happening of any event with respect to such Person known to such Person as a result of which such prospectus contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading;
(c)    complies with all reasonable requests made by the Company or its counsel with respect to the registration of such Person’s Preferred Registrable Securities;
(d)    completes, executes and delivers all questionnaires, powers of attorney, indemnities, underwriting agreements and other usual and customary documents necessary or appropriate with respect to the offering of such Person’s Preferred Registrable Securities, and in the case of a registration which is underwritten, necessary or appropriate under the terms of such underwriting arrangements (subject to the provision in Section 1.7(a) above); and
(e)    consents to the following conditions:  (a) conditions requiring the Investor to comply with all applicable provisions of the Securities Act and the Exchange Act including, but not limited to, the prospectus delivery requirements of the Securities Act, and to furnish to the Company information about sales made in such public offering; (b) conditions prohibiting the Investor upon receipt of telegraphic or written notice from the Company that it is required by law to correct or update the registration statement or prospectus from effecting sales of the Preferred Registrable Securities until the Company has completed the necessary correction or updating; and (c) conditions prohibiting the sale of Preferred Registrable Securities by such Investor, as the case may be, during the process of the registration until the Registration Statement is effective.
1.8    Indemnification. In the event any Preferred Registrable Securities are included in a registration statement under this Section 1:

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(a)    To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, members, officers, directors and shareholders of each Holder, its legal counsel, accountants and investment advisers, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act (collectively and individually referred to as the “Indemnified Party”), against any losses, claims, damages or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or any state securities laws, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”):  (i) any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary prospectus, final prospectus or Free Writing Prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any state securities laws or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities laws; and the Company will reimburse each such Indemnified Party for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action as such expenses are incurred; provided, however, that the indemnity agreement contained in this subsection 1.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably withheld), nor shall the Company be liable to an Indemnified Party in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished expressly for use in connection with such registration by any such Indemnified Party; provided further, however, that the foregoing indemnity agreement with respect to any preliminary prospectus shall not inure to the benefit of any Indemnified Party, from whom the person asserting any such losses, claims, damages or liabilities purchased shares in the offering, if a copy of the prospectus (as then amended or supplemented if the Company shall have furnished any amendments or supplements thereto) was not sent or given by or on behalf of such Indemnified Party, if required by law so to have been delivered, at or prior to the written confirmation of the sale of the shares to such person, and if the prospectus (as so amended or supplemented) cured the defect giving rise to such loss, claim, damage or liability. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Party.
(b)    To the extent permitted by law, each selling Holder will severally and not jointly indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if any, who controls the Company within the meaning of the Securities Act, legal counsel and accountants for the Company, any underwriter, any other Holder selling securities in such registration statement and any controlling person of any such underwriter or other Holder, against any losses, claims, damages or liabilities (joint or several) to which any of the foregoing persons may become subject, under the Securities Act, the Exchange Act or any state securities laws, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information 

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furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any person intended to be indemnified pursuant to this subsection 1.8(b) for any legal or other expenses reasonably incurred by such person in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in this subsection 1.8(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder (which consent shall not be unreasonably withheld), and further provided that in no event shall any indemnity under this subsection 1.8(b) exceed the net proceeds from the offering received by such Holder;
(c)    Promptly after receipt by an indemnified party under this Section 1.8 of notice of the commencement of any action (including any governmental action) involving the subject matter of the foregoing indemnity provisions, such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 1.8. deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right to retain one (1) separate counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding.  The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this Section 1.8 to the extent of such prejudice, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 1.8. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party will not be liable to such indemnified party pursuant to the provisions of this Section 1.8 for any legal or other expense subsequently incurred by such indemnified party in connection with the defense thereof, unless (i) the indemnified party shall have employed separate counsel in accordance with the provision of the first sentence of this Section 1.8(c), or (ii) the indemnifying party has authorized in writing the employment of counsel for the indemnified party at the expense of the indemnifying party. No indemnifying party will consent to entry of any judgment or enter into any settlement, which does not include as a term thereof the giving by the claimant or plaintiff to such indemnified party a release from liability in respect to such claim or litigation;
(d)    If the indemnification provided for in this Section 1.8 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative fault of the indemnifying party on the one hand and of the indemnified party on the other, in connection with the statements or omissions that resulted in such 

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loss, liability, claim, damage or expense, as well as any other relevant equitable considerations; provided, however, that no contribution by any Holder, when combined with any amounts paid by such Holder pursuant to Section 1.8(b), shall exceed the net proceeds from the offering received by such Holder.  The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission;
(e)    Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control; and
(f)    The obligations of the Company and Investors under this Section 1.8 shall survive the completion of any offering of Preferred Registrable Securities in a registration statement under this Section 1, and otherwise.
1.9    Reports Under Securities Exchange Act of 1934.  With a view to making available to the Holder the benefits of Rule 144 and any other rule or regulation of the Commission that may at any time permit a Holder to sell securities of the Company to the public without registration or pursuant to a registration on Form S-3, the Company agrees to:
(a)    make and keep adequate current public information available, as those terms are understood and defined in Rule 144, at all times after the effective date of the IPO;
(b)    file with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange Act; and
(c)    furnish to any Investor, so long as the Investor owns any Preferred Registrable Securities, forthwith upon request (i) a written statement by the Company that it has complied with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the first registration statement filed by the Company), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or that it qualifies as a registrant whose securities may be resold pursuant to Form S-3 (at any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested in availing any Investor of any rule or regulation of the Commission that permits the selling of any such securities without registration or pursuant to such form.
1.10    Assignment of Registration Rights; Termination of Rights.  The rights to cause the Company to register Preferred Registrable Securities pursuant to this Agreement may be assigned (but only with all related obligations) by a holder to a transferee or assignee of such securities provided that such transfer or assignment is made pursuant to the provisions of the Company’s Amended and Restated Certificate of Incorporation, as amended, and any other provisions relating to transfer of securities, and provided further that:  (a) the Company is, within 

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a reasonable time after such transfer, furnished with written notice of the name and address of such transferee or assignee and the securities with respect to which such registration rights are being assigned; and (b) such transferee or assignee agrees in writing to be bound by and subject to the terms and conditions of this Agreement.  All rights granted under Section 1 will expire and this Agreement will be terminated on the earlier of (i) the seventh anniversary of the IPO, (ii) the closing of a Deemed Winding Up, as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, as amended and (iii) for any individual Investor, such time as Rule 144 or another similar exemption under the Securities Act is available for the sale of all such Holder’s shares without limitation during a three-month period without registration (and without the requirement for the Company to be in compliance with the current public information required under Rule 144(c)(1)).
1.11    Limitation on Subsequent Registration Rights.  After the date of this Agreement, the Company shall not, without the prior written consent of the holders of at least 55% of the Preferred Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of the Company which would allow to (a) include such securities in any registration filed under Section 1 hereof, unless under the terms of such agreement, such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of such securities will not reduce the amount of the Preferred Registrable Securities of the Holders that are included and shall be subordinated to the rights of any Holder hereunder or (b) demand registration of their securities, including without limitation, on Form S-3.
1.12    Foreign Offerings.  The provisions of Section 1 shall apply, to the extent applicable, mutatis mutandis, to any registration of securities of the Company outside of the United States of America.
2.    Information, Reporting and Covenants.
2.1    Information and Reporting Rights.
(a)    Each holder of Preferred Stock holding at least 1,000,000 shares of Preferred Stock (calculated on an as converted basis and as adjusted for any stock splits, stock dividends, recapitalizations or the like) and each Wellington Investor (each, an “Eligible Holder”), shall be entitled to receive the following information from the Company:
(i)    Annual Reports.  As soon as practicable, but in any event within 120 days after the end of each fiscal year of the Company, (i) a balance sheet of the Company as at the end of such fiscal year, (ii) statements of income and cash flows of the Company for such year, and a comparison between (x) the actual amounts as of and for such fiscal year and (y) the comparable amounts for the prior year and (iii) a statement of stockholders’ equity as of the end of such year, all such financial statements prepared in accordance with United States generally accepted accounting principles (“GAAP”), all in reasonable detail and audited by one of the “big four” independent public accountants of nationally recognized standing, such firm to be selected by the Company (the “Accounting Firm”), provided that such unaudited financial statements shall be prepared by the Company within 60 days after the end of the fiscal year;

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(ii)    Quarterly Reports.  As soon as practicable, but in any event within forty-five (45) days after the end of each of the three (3) quarters of each fiscal year, unaudited but reviewed statement of income and cash flow for such fiscal quarter and a balance sheet and a statement of stockholders’ equity as of the end of such quarter, all prepared in accordance with GAAP (except that such financial statements may (i) be subject to normal year-end audit adjustments; and (ii) not contain all notes thereto that may be required in accordance with GAAP), and such additional information and commentary as may be reasonably requested by an Eligible Holder;
(iii)    as soon as practicable, but in any event within forty-five (45) days after the end of each of the first three (3) quarters of each fiscal year of the Company, a statement showing the number of shares of each class and series of capital stock and securities convertible into or exercisable for shares of capital stock outstanding at the end of the period, the Common Stock issuable upon conversion or exercise of any outstanding securities convertible or exercisable for Common Stock and the exchange ratio or exercise price applicable thereto, and the number of shares of issued stock options and stock options not yet issued but reserved for issuance, if any, all in sufficient detail as to permit the Eligible Holders to calculate their respective percentage equity ownership in the Company;
(iv)    Monthly Management Reports.  As soon as practicable, but in any event within thirty (30) days after the end of each month, a monthly management report containing such information as shall be agreed in writing between the Company and Eligible Holders holding a majority of the Preferred Stock, including without limitation, orders, cash, burn and estimated revenues; and
(v)    Budget. Within thirty (30) days after approval by the Board, a budget and business plan for the next fiscal year (collectively, the “Budget”), approved by the Board, prepared on a monthly basis including balance sheets, income statements, and statements of cash flow for such months and, promptly after prepared, any other budgets or revised budgets prepared by the Company.
(vi)    Additional Information.  Such other information relating to the financial condition, business, or corporate affairs of the Company as may be reasonably requested by such Eligible Holders; provided, however, that the Company shall not be obligated under this subsection (vi) to provide information that it deems in good faith to be a trade secret or similar confidential information (unless covered by an enforceable confidentiality agreement, in a form acceptable to the Company).
If, for any period, the Company has any subsidiary whose accounts are consolidated with those of the Company, then in respect of such period the financial statements delivered pursuant to the foregoing sections shall be the consolidated and consolidating financial statements of the Company and all such consolidated subsidiaries.
2.2    Access and Visitation Rights. The Company will permit one authorized representative of each Eligible Holder (i) to visit, inspect and copy the Company’s properties, including but not limited to the Company’s corporate and financial records, and (ii) to discuss the 

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Company’s business with the Company’s officers during normal business hours, provided that such authorized representatives give the Company prior written reasonable notice prior to such visit and the visit occurs at a reasonable time.  All such information obtained or reviewed by such representative shall be subject to Section 9 of this Agreement.
2.3    Common Stock Vesting.  Unless otherwise agreed by the Board or the compensation committee of the Board, which shall include the affirmative vote of at least 2 of the Investor Directors, Common Stock (or options to purchase Common Stock) issued to employees of the Company will be subject to four-year vesting, with 25% of such shares vesting after 12 months of continuous service to the Company and the balance vesting on a monthly basis over an additional 36 months.  Such shares shall also be subject to a right of first refusal in favor of the Company. 
2.4    “Bad Actor” Notice.  Each party to this Agreement that is a Company Covered Person will promptly notify each other party to this Agreement in writing if it or, to its knowledge, any other Company Covered Person becomes subject to any Bad Actor Disqualification.
2.5    Termination. The provisions of this Section 2 shall terminate automatically upon the earlier to occur of (i) the consummation of the Company’s IPO or (ii) when the Company first becomes subject to the periodic reporting requirements of Sections 12(g) or 15(d) of the Exchange Act, whichever event shall first occur.
3.    Preemptive Rights.
The Company hereby grants to each Investor and Founder (collectively, the “Rights Holders”) the preemptive right (the “Preemptive Right”) to purchase up to his/her/its Pro Rata Share (as defined below) of any New Securities (as defined below) that the Company may, from time to time propose to sell and issue.  “Pro Rata Share” shall mean, for purposes of this Preemptive Right, is the ratio between (x) the aggregate number of shares of Common Stock then owned by a Rights Holder (on an as converted to Common Stock basis), to (y) the aggregate number of shares of Common Stock then issued and outstanding by all of the Company’s securityholders (on an as converted to Common Stock basis).  The Preemptive Right shall be subject to the following provisions:
(a)    In the event that the Company proposes to undertake an issuance of New Securities, it shall give each Rights Holder written notice of its intention, describing the type of New Securities, the price, and the general terms upon which the Company proposes to issue the same (the “Issuance Notice”).  The Rights Holders shall have fourteen (14) days (the “Notice Period”) after delivery of such notice to agree to purchase all or any part of his/her/its Pro Rata Share of such New Securities for the same price and upon the same terms specified in the Issuance Notice, by giving written notice to the Company setting forth the number of New Securities such Rights Holder elects to purchase.
(b)    The Company shall promptly inform in writing each Rights Holder that (i) elects to purchase all of his/her/its Pro Rata Share of the New Securities and (ii) that holds at least 2,250,000 shares of Common Stock (on an as converted to Common Stock basis and as adjusted for any stock splits, stock dividends, recapitalizations or the like) (a “Fully-Exercising 

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Investor”) of any other Rights Holder’s failure to do likewise.  During the seven (7) day period commencing after such information is given, each Fully-Exercising Investor may elect to purchase the balance of the New Securities for which Rights Holders were entitled to subscribe but which were not subscribed for by the Rights Holders that is equal to the proportion that the number of shares of Common Stock issued and held (on an as converted to Common Stock basis) by such Fully-Exercising Investor bears to the total number of shares of Common Stock issued and held (on an as converted to Common Stock basis) by all Fully-Exercising Investors who wish to purchase some of the unsubscribed shares.
(c)    Any Rights Holder who does not inform the Company in writing, within 14 days after receipt of the Issuance Notice, of his/her/its election to exercise all or a portion of his/her/its Preemptive Right shall be deemed to have waived his/her/its right to purchase his/her/its Pro Rata Share of the New Securities being offered.  In the event that all of the Rights Holders fail to exercise their full Preemptive Right (including the right to overallotment), the Company shall have ninety (90) days thereafter to sell any portion of the New Securities not subscribed for by the Rights Holders (the “Unsubscribed New Securities”) Shares at a price and upon terms no more favorable to the purchasers thereof than specified in the Issuance Notice.  In the event the Company has not sold the Unsubscribed New Securities within such ninety (90) day period the Company shall not thereafter issue or sell any Unsubscribed New Securities, without first offering such Unsubscribed New Securities to the Rights Holders in the manner provided above.
(d)    For purposes of this Section 3, the term “New Securities” shall mean any equity interest (including shares of Common Stock and Preferred Stock) in the Company, whether now authorized or not, and rights, options or warrants to purchase such equity interests, and securities of any type whatsoever that are convertible into equity interests; provided that the term “New Securities” does not include Exempted Securities (as defined in the Company’s Amended and Restated Certificate of Incorporation, as amended).
(e)    The Preemptive Right granted under this Section 3 shall expire upon the earlier to occur of (i) immediately prior to the closing of an IPO or (ii) upon a Deemed Winding Up, as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, as amended.        
4.    Right of First Refusal.
(a)    Prior to an IPO or Deemed Winding Up, in the event that any Founder or Investor (the “Selling Stockholder”) desires to sell, assign, transfer, pledge, hypothecate or otherwise encumber or dispose of in any way (hereinafter referred to as “Transfer”) any or all of the shares of capital stock of the Company held by such Selling Stockholder (the “Offered Shares”) other than to a Permitted Transferee as defined in Section 10 herein, and provided such Transfer is permitted in accordance with Section 5 below, it shall first give written notice thereof (“Notice of Sale”) to the Company, and then, if the Company does not exercise its right to purchase all or any portion of the Offered Shares, the Company shall immediately thereafter provide the Notice of Sale to each Investor and Founder other than the Selling Stockholder (together, the “Offerees”).

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(b)    The Notice of Sale shall state the material terms and conditions (including the number of Offered Shares, the name(s) of the prospective buyer(s), the intended date of the proposed Transfer, the price and form of consideration) for the Offered Shares as submitted to the Selling Stockholder.
(c)    The Company (or its assignees) shall, for a period of seven (7) days following receipt of the Notice of Sale have the right to purchase all or any portion of the Offered Shares upon the same terms and conditions specified in the Notice of Sale.  The Company may exercise such right only if approved by the Company’s Board, including by the affirmative approval of at least two of the Investor Directors.
(d)    For a period of fourteen (14) days after receipt of the Notice of Sale from the Company, the Offerees may elect to purchase up to their Pro Rata Share (as defined below) of the Offered Shares not purchased by the Company pursuant to Section 4(c) (the “Remaining Offered Shares”), by delivery of a notice (the “Response Notice”) to such effect to the Selling Stockholder (with a copy to the Company) within fourteen (14) days of receipt of the Notice of Sale; provided, however, that each Offeree may exercise his/her/its right only if he/she/it represents in the Response Notice that he/she/it is acquiring the Remaining Offered Shares for investment for his/her/its own account, and not for resale to any third party (other than a Permitted Transferee).  The election to purchase any Remaining Offered Shares shall be irrevocable by the Offeree, once the Response Notice is delivered to the Selling Stockholder.  If more than one of the Offerees exercises such option (the “Buying Stockholders”), each Buying Stockholder shall acquire his/her/its Pro Rata Share of the Remaining Offered Shares as defined below, or such other ratio of the Remaining Offered Shares as the Buying Stockholders may agree to between themselves.  For the purpose of this Section 4, a Buying Stockholder’s “Pro Rata Share” shall mean the ratio between (x) the aggregate number of shares of Common Stock then held by such Buying Stockholder (on an as converted to Common Stock basis), and (y) the aggregate number of shares of Common Stock (on an as converted to Common Stock basis) held by all Buying Stockholders, as of the date immediately prior to the Notice of Sale.  The purchase of the Remaining Offered Shares shall be on the same terms and conditions as stated in the Notice of Sale.  Each Buying Stockholder shall have a right of overallotment such that, if any other Offeree fails to exercise his/her/its right to purchase its full Pro Rata Share of the Remaining Offered Shares, the other participating Buying Stockholders may purchase, on a pro rata basis among all Buying Stockholders, the Remaining Offered Shares not previously purchased for a period of five (5) business days following the receipt of a notice from the Company notifying such Buying Stockholders of the other Offerees’ failure to so participate.
(e)    If the Offerees fails to exercise the right of first refusal provided for above in respect of all of the Remaining Offered Shares, then, subject to Section 6 below, the Selling Stockholder shall be free, within ninety (90) days of the date of expiration of the foregoing periods, to sell such Offered Shares not purchased by the Company or the Buying Stockholders hereunder to the prospective buyer(s) identified in the Notice of Sale at a price and in accordance with terms as specified in the Notices of Sale.  If such Offered Shares are not Transferred within such ninety (90) day period, the Selling Stockholder shall not Transfer the Offered Shares without again being subject to the provisions of this Section 4.

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5.    Restrictions on Transfer; Permitted Transfers.
(a)    Until the earlier of (i) the Company’s IPO; or (ii) the Company’s Deemed Winding Up (as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, as amended from time to time), each of the Founders and Investors holding at least 225,000 shares of Common Stock (on an as converted to Common Stock basis and as adjusted for any stock splits, stock dividends, recapitalizations or the like) (a “Transferring Stockholder” and collectively the “Transferring Stockholders”), will not Transfer all or any part of or any interest in any equity securities of the Company now or hereafter owned or held by such Transferring Stockholder, without the prior written approval of the Board, including the affirmative approval of all the Investor Directors. 
(b)    Notwithstanding the provisions contained in Section 4, Section 5(a) and Section 6 of this Agreement, each Transferring Stockholder or Permitted Transferee of a Transferring Stockholder shall be permitted to Transfer of all or any part of the Common Stock, held by such Transferring Stockholder or a Permitted Transferee of a Transferring Stockholder to any Permitted Transferee.
(c)    Any Transfer of equity securities in accordance with Section 5(a) or Section 5(b) shall not be effective unless the transferee agrees in writing to remain subject to all of the limitations and obligations which apply to such equity securities hereunder, and/or the Company’s Amended and Restated Certificate of Incorporation and/or Bylaws, each, as amended from time to time.
(d)    In the event that any of the Founders or Investors should Transfer any shares of the Company’s capital stock in contravention of this Agreement (a “Prohibited Transfer”), such Prohibited Transfer shall be null and void and the Company shall not effect any transfer of shares which constitutes a Prohibited Transfer.
6.    Co-Sale.
(a)    Prior to an IPO or Deemed Winding Up, in the event that a Selling Stockholder holding at least 225,000 shares of Common Stock (on an as converted to Common Stock basis and as adjusted for any stock splits, stock dividends, recapitalizations or the like, for purposes of this Section 6, the “Seller”) proposes to Transfer any shares of the Company’s capital stock then held by such Seller (the “Co-Sale Stock”) (other than to a Permitted Transferee) and (ii) the rights of first refusal set forth in Section 4 are not fully exercised, the Seller shall give each Investor (a “Co-Sale Rights Holder”) a written notice stating the material terms and conditions (including the number of Co-Sale Stock, the name of the prospective buyer(s), the intended date of the proposed Transfer, the price and form of consideration) (the “Co-Sale Notice”).  Seller may not Transfer any of the Co-Sale Stock until each of the Co-Sale Rights Holders shall have been given the opportunity, exercisable within fourteen (14) days from the date of receipt of the Co-Sale Notice to the Co-Sale Rights Holders, to Transfer to prospective buyer(s), upon the same terms and conditions set forth in the Co-Sale Notice, all or any part of its Co-Sale Pro Rata Share (as defined below) of the Co-Sale Stock.  Co-Sale Rights Holders who fail to notify the Seller within fourteen (14) days after receipt of the Co-Sale Notice shall be deemed to have waived their rights in full 

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pursuant to this Section 6.  The term “Co-Sale Pro Rata Share” means the ratio between (x) the number of shares of Common Stock owned by such Co-Sale Rights Holder (on an as converted to Common Stock basis) on the date of the Co-Sale Notice, and (y) the aggregate number of shares of Common Stock (on an as converted to Common Stock basis) owned by all Co-Sale Rights Holders on the date of the Co-Sale Notice plus the total number of shares of Common Stock (on an as converted to Common Stock basis) owned by the Seller.
(b)    To the extent one or more of the Co-Sale Rights Holders exercises his/her/its co-sale right set forth above, the number of shares of Co-Sale Stock that the Seller may sell in the transaction shall be correspondingly reduced.  To the extent that any prospective buyer(s) prohibits assignment or otherwise refuses to purchase shares or other securities from a Co-Sale Rights Holder exercising its rights of co-sale hereunder, the Seller shall not Transfer to such prospective buyer(s) any Co-Sale Stock unless and until, simultaneously with such Transfer, the Seller shall purchase such shares or other securities from such Co-Sale Rights Holder on the same terms and conditions specified in the Co-Sale Notice.
7.    Board of Directors; Committees.
(a)    The Company’s Board shall consist of a number of directors as determined by the Board, to be elected as follows:
(i)    With respect to the one (1) member of the Company’s Board that the Amended and Restated Certificate of Incorporation provides is to be elected by the holders of the Common Stock, the Founders and the Investors hereby agree to vote all of their shares of Common Stock now owned or hereafter acquired in favor of the election of a person designated by the Founders and Investors holding of a majority of the Common Stock as of the date of record for such annual or special meeting who shall either be (i) one of Yehezkel Yeshurun, Doron Shikmoni or Oded Comay, or (ii) an individual that is approved by at least two (2) of the Investor Directors (such approval not to be unreasonably withheld).  The representative of the Common Stock shall initially be Yehezkel Yeshurun, the current Chairman of the Company.  Any vacancy occurring because of the death, resignation, or removal of the above elected director shall be filled according to this Section 7(a)(i).
(ii)    With respect to those two (2) members of the Company’s Board that the Amended and Restated Certificate of Incorporation provides are to be elected by the holders of Series B Preferred Stock, the Founders and the Investors hereby agree to vote all of their shares of Series B Preferred Stock now owned or hereafter acquired in favor of (i) one director designated by Accel Partners (the “Accel Director”), which shall, as of the date of this Agreement, be vacant and (ii) one director designated by Pitango (the “Pitango Director”), which director shall initially be Rami Kalish.  Any vacancy occurring because of the death, resignation, or removal of the above elected directors shall be filled according to this Section 7(a)(ii).
(iii)    With respect to the member of the Company’s Board that the Amended and Restated Certificate of Incorporation provides is to be elected by the holders of Series D Preferred Stock, the Founders and the Investors hereby agree to vote all of their 

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shares of Series D Preferred Stock now owned or hereafter acquired in favor of a director designated by Amadeus (the “Amadeus Director” and together with the Accel Director and the Pitango Director, the “Investor Directors”), which director shall initially be Richard Anton.  Any vacancy occurring because of the death, resignation, or removal of the above elected directors shall be filled according to this Section 7(a)(iii).
(iv)    With respect to the remaining members of the Company’s Board that the Amended and Restated Incorporation provides are to be elected by the holders of Common Stock, Series A Preferred Stock, Series B Preferred Stock, Series C Preferred Stock, the Series D Preferred Stock, Series E Preferred Stock, Series E-1 Preferred Stock, Series E-2 Preferred Stock, Series F Preferred Stock and Series G Preferred Stock (voting together as a single class and on an as converted basis), the Founders and the Investors hereby agree to vote all of their shares of Common Stock and Preferred Stock now owned or hereafter acquired in favor of (a) the then-current Chief Executive Officer of the Company (the “CEO Director”), and (b) with respect to all other directors, at least one of whom shall be a non-executive independent director (the “Independent Directors”), and each of whom shall be designated by the unanimous resolution of all the members of the Board (other than the Independent Directors).  Any vacancy occurring because of the death, resignation, or removal of the above elected directors shall be filled according to this Section 7(a)(iv).  Initially, the CEO Director shall be Michael DeCesare, and initially the Independent Directors shall be David DeWalt, Kent Elliot, Mark Jensen, Enrique Salem and Theresia Gouw.
(b)    In any and all elections of directors of the Company (whether at a meeting or by written consent in lieu of a meeting), the Founders and Investors shall vote or cause to be voted all shares of stock owned by him, her or it, or over which he, she or it has voting control, and otherwise use his, her or its respective best efforts, so as to elect the directors as set forth in Section 7(a) above.  At any annual or special meeting called, or any other action taken, for the purpose of electing to or removing directors from the Board, the Founders and Investors agree to vote all of their equity securities in the Company during the term of this Agreement, so as to always cause the Board to be constituted as set forth above, whether by election of a designee or by removal or replacement of a designee at the request of the party or parties entitled to designate such designee.
(c)    Until an IPO, Mr. Benny Bergman, Mr. Tomer Lindor, a designee of Meritech Capital Partners II L.P. (the “Meritech Observer”) and a designee of the Wellington Investors (the “Wellington Observer”) shall serve as observers to the Board.  As observers, Mr. Bergman, Mr. Tomer Lindor, the Meritech Observer and the Wellington Observer shall be invited to attend all meetings of the Board, including executive sessions, in a nonvoting observer capacity and, in this respect, shall be given copies of all notices, minutes, consents, and other materials that the Company provides to its directors; provided, however, that all information provided by the Company to such observers shall be subject to Section 9 of this Agreement; and, provided further, that the Company reserves the right to withhold any information and to exclude any such observer from any meeting or portion thereof if (i) access to such information or attendance at such meeting could reasonably be determined to adversely affect the attorney-client privilege between the Company and its counsel, or (ii) such exclusion is reasonably necessary to protect highly confidential 

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proprietary information, including protection from disclosure of trade secrets, or (iii) such observer is affiliated with a direct competitor of the Company.  The Company shall reimburse Meritech Capital Partners II L P. for the reasonable expenses incurred by it and the Meritech Observer in connection with attendance at meetings of the Board. The Company shall reimburse the Wellington Investors for the reasonable expenses incurred by them and the Wellington Observer in connection with attendance at meetings of the Board.
(d)    Chairman of the Board of Directors.  The Chairman of the Board will be elected and removed from time to time by a majority resolution of the Board.
(e)    Covenants of the Company.  The Company agrees to use its best efforts to ensure that the rights granted under this Section 7 are effective and that the parties enjoy the benefits thereof.  Such actions include, without limitation, the use of the Company’s best efforts to cause the nomination and election of the directors as provided above.  The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all of the provisions of this Agreement and in the taking of all such actions as may be necessary, appropriate or reasonably requested by the Founders and the Investors in order to protect the rights of the Founders and the Investors hereunder against impairment.
(f)    Successor Directors and Removal of Directors.
(i)    If a director ceases to serve for any reason, the Person which is entitled to designated such director, in accordance with the provisions of Section 7(a), shall have the right to designate a successor and each of the other parties hereto agrees to vote in favor of that successor.
(ii)    If the Person entitled to designate a director hereunder elects to remove such director for any reason, then such entities, in accordance with the provisions of Section 7(a) hereof, shall have the right to remove the director and designate a successor and each of the other parties hereto agrees to vote in favor of the removal of that director and the election of his or her successor.
(iii)    In the event that the CEO Director ceases to serve as Chief Executive Officer of the Company, each of the parties hereto agrees to vote in favor of the removal of such person as the CEO Director and that the election of any successor Chief Executive Officer of the Company as CEO Director.
(g)    Meetings of the Board.  Unless otherwise agreed to by the Board, including the agreement of at least two Investor Directors, the Board will meet at least four (4) times per calendar year, with at least two (2) meetings to be held in person of which at least one (1) meeting will take place in Israel or the United Kingdom and at least one (1) meeting will take place in California.  The management of the Company will submit and distribute to all the Board members a report (in such format to be determined by the Board) before each such Board meeting and will use its reasonable efforts to provide such report at least one week in advance of such meeting.

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(h)    No Liability for Election of Recommended Directors.  Neither the parties hereto nor any officer, director, stockholder, member, partner, employee or agent of any such party, makes any representation or warranty as to the fitness or competence of the designee of any party hereunder to serve on the Board by virtue of such party’s execution of this Agreement or by the act of such party in voting for such designee pursuant to this Agreement.
(i)    Director Expenses.  The Company shall reimburse all the Investor Directors for all reasonable expenses incurred in their service as such, in compliance with the Company’s travel and expense reimbursement policies as may be in effect from time to time.
(j)    If the Board elects to create a compensation committee, an audit committee or any other committee to the Board, such committee shall include at least one (1) of the Investor Directors.
(k)    Special Approval Rights.  Without derogating from the provisions of the Company’s Amended and Restated Certificate of Incorporation (as amended from time to time), until the earlier of the closing of an IPO or a Deemed Winding Up (as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, as amended), the Company shall not, without the approval of the Board of Directors, including the affirmative approval of at least two (2) of the Investor Directors, take any of the following actions:
(1)    approve or make any material change to the annual budget or business plan of the Company;
(2)    approve or incur, or permit any subsidiary to approve or incur, any expenditure or commitment not provided for in the Company’s, or such subsidiary’s, annual budget and operating plan in excess of US $500,000; or
(3)    approve or incur or permit any subsidiary to approve or incur, any credit line, lease or other indebtedness with a bank or similar institution in excess of US $1,000,000, other than short term lines of credit established in the ordinary course of business.
(l)    Termination.  The provisions of this Section 7 shall expire upon the earlier of (i) the consummation of the Company’s IPO and (ii) a Deemed Winding Up (as such term is defined in the Company’s Amended and Restated Certificate of Incorporation, as amended).
8.    Directors Insurance.
8.1    Until an IPO, the Company shall procure and maintain in effect customary directors and officers insurance policies, with amounts of coverage as shall be determined by the Board of the Company, which amount shall be at least US $2,500,000, unless otherwise approved by the Board (including at least two Investor Directors).
9.    Confidentiality; Publicity. 

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(a)    Each Investor acknowledges and agrees that the information received by it pursuant to the G Purchase Agreement (and related schedules and exhibits) and this Agreement may be confidential and for its use only, and it will not use such confidential information in violation of the Exchange Act or reproduce, disclose or disseminate such information to any other person, except (a) in connection with the exercise of rights under this Agreement, (b) to its attorneys, accountants, consultants, and other professionals to the extent necessary to obtain their services in connection with monitoring its investment in the Company, (c) to any affiliated entity, partner (and partners of such partner), member, or wholly-owned subsidiary of such Investor, in the ordinary course of business, provided that such Investor informs such persons or entities that such information is confidential and directs such person or entity to maintain the confidentiality of such information, (d) at such time as such information enters the public domain through no fault of such Investor, (e) if such information is communicated to it free of any obligation of confidentiality, (f) if such information is or has been independently developed or conceived by such Investor without use of the Company’s confidential information, or (g) as required under applicable law. Notwithstanding the foregoing, in the case of any Wellington Investor, such Wellington Investor may identify the Company and the value of such Wellington Investor’s security holdings in the Company in accordance with applicable investment reporting and disclosure regulations or internal policies and respond to routine examinations, demands, requests or reporting requirements of a regulator without prior notice to or consent from the Company. 
(b)    The Company agrees that it will not, and shall cause each of its subsidiaries to not, without the prior written consent of the Wellington Investors, use in advertising, publicity, or otherwise the name of Wellington, any Wellington Investor, or any partner or employee of Wellington or any Wellington Investor, nor any trade name, trademark, trade device, service mark, symbol or any abbreviation, contraction or simulation thereof owned by Wellington, any Wellington Investor or any of their respective affiliates (collectively, the “Wellington Information”); provided, however, that the Company may, without the prior written consent of any person, disclose any Wellington Information if required to be disclosed by the Company pursuant to law (including, but not limited to any documents required to be publicly disclosed in, or as exhibits to, a registration statement in connection with the Company’s IPO) or by a court of competent jurisdiction, pursuant to the requirements of a stock exchange, the Securities and Exchange Commission or other governmental or regulatory body or to obtain tax or other clearance or consent from any relevant authority. For the avoidance of doubt, the Company may disclose any Wellington Information to any Permitted Recipient (as defined below). The term “Permitted Recipient” means (i) any of the Company’s attorneys, accountants, directors, board observers, stockholders, lenders or advisors, (ii) any of the Company’s employees with a need to know any of the Wellington Information, and (ii) any of the Company’s potential acquirors, investors or lenders or any of their respective counsel or advisors, in each case bound by fiduciary duties, confidentiality obligations or otherwise prohibited from disclosing any of the Wellington Information..  Notwithstanding the foregoing, the Company and the Wellington Investors have agreed to announce the Wellington Investors’ investment in the Company within a reasonable time after the Initial Closing of the sale of the Series G Preferred Stock pursuant to the G Purchase Agreement in a statement that is mutually agreeable to the Company and the Wellington Investors, which statement shall contain the identity of Wellington, as investment adviser to the Wellington Investors, and certain other Investors.

22

10.    Definitions.
(a)    The term “A Investors” means each of the Series A Preferred stockholders with respect to such Series A Preferred Stock held by them.
(b)    The term “B Investors” means each of the Series B Preferred stockholders with respect to such Series B Preferred Stock held by them.
(c)    The term “C Investors” means each of the Series C Preferred stockholders with respect to such Series C Preferred Stock held by them.
(d)    The term “D Investors” means each of the Series D Preferred stockholders with respect to such Series D Preferred Stock held by them.
(e)    The term “E Investors” means each of the Series E Preferred stockholders with respect to such Series E Preferred Stock held by them.
(f)    The term “E-1 Investors” means each of the Series E-1 Preferred stockholders with respect to such Series E-1 Preferred Stock held by them.
(g)    The term “F Investors” means each of the Series F Preferred stockholders with respect to such Series F Preferred Stock held by them.
(h)    The term “G Investors” means each of the Series G Preferred stockholders with respect to such Series G Preferred Stock held by them.
(i)    The term “Accel Partners” means Accel VIII, L.P., Accel Internet Fund IV, L.P. and Accel Investors 2000 L.L.C. and their Permitted Transferees.
(j)    The term “Amadeus” means Amadeus II ‘A’, Amadeus II ‘B’, Amadeus II ‘C’, Amadeus II ‘D’ GmbH & Co KG, Amadeus II Affiliates Fund LP, Amadeus IV Velocity Fund L.P., Amadeus EI L.P., Amadeus EII L.P. and their Permitted Transferees.
(k)    “Bad Actor Disqualification” means any “bad actor” disqualification described in Rule 506(d)(1)(i) through (viii) under the Securities Act.
(l)    The term “Commission” means the Securities and Exchange Commission or any other federal agency at the time administering the Securities Act.
(m)    The term “Common Stock” means the Company’s Common Stock, par value US $0.001 each.
(n)    The term “Company Covered Person” means, with respect to the Company as an “issuer” for purposes of Rule 506 promulgated under the Securities Act, any Person listed in the first paragraph of Rule 506(d)(1).

23

(o)    The term “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any similar federal rule or statute and the miles and regulations of the Commission thereunder, all as the same shall be in effect at the time.
(p)    The term “Founders” means each of:  Oded Comay; Doron Shikmoni; Oded Amir; Dror Comay; Yehezkel Yeshurun; and Noga Alon.
(q)    The term “Holder” means any person owning Preferred Registrable Securities or any assignee thereof in accordance with Section 1.10 hereof.
(r)    The term “Initiating Holders” means holders of a majority of the outstanding Preferred Registrable Securities.
(s)    The term “Investors” means the A Investors, the B Investors, the C Investors, the D Investors, the E Investors, the E-1 Investors, the F Investors and the G Investors, provided, however, that the E-1 Investors shall not be deemed Investors for the purposes of Subsection 1.2 and Sections 2, 3, 7, or 8.
(t)    The term “IPO” means the first public offering of the Common Stock by the Company pursuant to a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act, or any equivalent law of another jurisdiction.
(u)    The term “Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust or unincorporated organization.
(v)    The term “Permitted Transferee” means (i) with respect to each stockholder that is a party hereto (A) the spouse or member of such stockholder’s immediate family, or (B) a custodian, trustee (including a trustee of a voting trust), executor, or other fiduciary for the account of such stockholder’s spouse or members of such stockholder’s immediate family, or a trust for such stockholder’s own self, or a charitable remainder trust, or (C) a wholly owned entity (company, partnership and the like) of such stockholder, (ii) with respect to a stockholder which is a general or limited partnership or limited liability company, (A) its partners or members (including a retired partner or member of such partnership or limited liability company who retires after the date hereof, or the estate of any such partner or member or retired partner or member, the spouse of such partner or member, or the siblings, lineal descendants or ancestors of such partner or member or his or her spouse) and affiliated entities managed by the same management company or managing general partner or by an entity which controls, is controlled by, or is under common control with, such management company or managing general partner, and (B) any person who is Transferred equity securities in connection with the liquidation, dissolution or winding up of such partnership or limited liability company, or (iii) with respect to Amadeus or its trustee, custodian or nominee:  (a) any trustee or custodian for Amadeus or any beneficiary for whom Amadeus is the trustee or custodian; or (b) any general partner or manager in Amadeus; provided that each such transferee or assignee specified above, prior to the completion of the sale, transfer, or assignment shall have executed documents assuming the obligations of such transferring stockholder under this Agreement and any ancillary documents or other agreement to which such stockholder and the Company are 

24

parties with respect to the transferred securities, as well as such other documents as may be reasonably requested by the Company to ensure compliance with any applicable securities laws or regulations.  Additionally, and without derogating from anything hereinabove, it is acknowledged that securities of the Company currently held or acquired in the future by Pitango Principals Fund III (USA) LP (“Pitango Principals Fund” and “Pitango Principals’ Holdings”, respectively) are or may be subject to a charge in favor of Bank Leumi Le’Israel BM or any of its affiliates (together, the “Bank”), and that the creation by Pitango Principals Fund of a charge in favor of the Bank on Pitango Principals’ Holdings shall not be subject to the right of first refusal or any other restrictions on Transfers of shares contained herein, and that, for purposes of creation of such charge, the Bank is deemed a Permitted Transferee of Pitango Principals Fund (and vice versa in case of removal of the charge).  However, any Transfer of ownership in Pitango Principals’ Holdings as part of a realization of the said charge to a person or entity (including the Bank itself) which is not Pitango Principals Fund or any of its Permitted Transferees, shall be subject to the right of first refusal and any other restrictions on Transfers of shares applicable hereunder to a Transfer of shares.
(w)    The term “Pitango” means Pitango JP Morgan Fund (III) USA L.P., Pitango Chase Fund III (USA) L.P., Pitango Venture Capital Fund III (USA) L.P., Pitango Venture Capital Fund III (USA) Non-Q L.P., Pitango Venture Capital Fund III (Israeli Investors) L.P., Pitango Venture Capital Fund III Trusts 2000 Ltd., Pitango Principals Fund III (USA) LP., and Pitango Parallel Investor Fund III (USA) L.P. and their Permitted Transferees.
(x)    The term “Preferred Registrable Securities” means (i) all shares of Common Stock issued or issuable upon conversion of the Preferred Stock issued by the Company, (ii) all shares of Common Stock, and/or all shares of Common Stock issued or issuable (directly or indirectly) upon conversion and/or exercise of any other securities of the Company, existing on the date hereof or acquired by the Investors after the date hereof, (iii) all shares of Common Stock issued by the Company in respect of such shares of Common Stock referred to in clauses (i)-(ii) above, including bonus shares, share dividends or other distribution and (iv) the shares of Common Stock issuable upon conversion of the shares issuable upon exercise of the Warrants to Purchase Stock, dated as of October 24, 2012, issued to Gold Hill Capital 2008, L.P. and Silicon Valley Bank, provided however, that such shares of stock shall not be deemed Preferred Registrable Securities for the purposes of Section 1.2 of the Agreement.   As to any particular Preferred Registrable Securities, such securities shall cease to be Preferred Registrable Securities when (x) they have been distributed to the public pursuant to an offering registered under the Securities Act or sold to the public through a broker, dealer or market maker in compliance with Rule 144 under the Securities Act (or any similar rule then in force), (y) have been transferred in a transaction in which the transferor’s rights under this Agreement are not properly assigned, or (z) all such shares could be distributed by the holder thereof pursuant to Rule 144 (in accordance with applicable law) within three (3) months without the registration of such shares.
(y)    The term “Preferred Stock” means the Company’s Series A Preferred Stock, the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock, Series E Preferred Stock, Series E-1 Preferred Stock, Series F Preferred Stock and Series G Preferred Stock. 

25

(z)    The term “Preferred Stockholder” means holders of Preferred Stock.
(aa)    The term “register,” “registered,” and “registration” refer to a registration effected by preparing and tiling a registration statement or similar document in compliance with the Securities Act, and the declaration or ordering of effectiveness of such registration statement or document.
(bb)    The term “Rule 144” shall mean Rule 144 under the Securities Act or any successor or similar rule as may be enacted by the Commission from time to time, but shall not include Rule 144A.
(cc)    The term “Securities Act” means the Securities Act of 1933, as amended, or any similar federal rule or statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.
(dd)    “Selling Expenses” shall mean all customary underwriting fees and discounts, selling commissions and stock transfer taxes applicable to the shares registered by the Holders (excluding the reasonable fees and disbursements of one counsel selected by the majority of the Selling Stockholders which shall be borne by the Company in accordance with section 1.6(a), which shall not exceed $50,000).
(ee)    The term “Series A Preferred Stock” means the Company’s Series A Preferred Stock, par value US $0.001 each.
(ff)    The term “Series B Preferred Stock” means the Company’s Series B Preferred Stock, par value US $0.001 each.
(gg)    The term “Series C Preferred Stock” means the Company’s Series C Preferred Stock, par value US $0.001 each.
(hh)    The term “Series D Preferred Stock” means the Company’s Series D Preferred Stock, par value US $0.001 each and the Company’s Series D 1 Preferred Stock, par value US $0.001 each.
(ii)    The term “Series E Preferred Stock” means the Company’s Series E Preferred Stock, par value US $0.001 each.
(jj)    The term “Series E-1 Preferred Stock” means the Company’s Series E-1 Preferred Stock, par value US $0.001 each.
(kk)    The term “Series E-2 Preferred Stock” means the Company’s Series E-2 Preferred Stock, par value US $0.001 each.
(ll)    The term “Series F Preferred Stock” means the Company’s Series F Preferred Stock, par value US $0.001 each.

26

(mm)    The term “Series G Preferred Stock” means the Company’s Series G Preferred Stock, par value US $0.001 each.
(nn)    The term “Wellington” shall mean Wellington Management Company LLP and any successor or affiliated registered investment advisor to the Wellington Investors.
(oo)    The term “Wellington Investors” shall mean any Investors advised or subadvised by Wellington or one of its affiliates as of the date hereof.
11.    Miscellaneous.
11.1    Entire Agreement, Amendments and Waivers.  This Agreement constitutes the full and entire understanding and agreement between the parties with regard to the subject matters hereof and thereof, and abolishes and supersedes all prior agreements between the parties hereof with regard to such subject matters, including without limitation, the Prior Rights Agreement.  Except as otherwise provided herein, the provisions of this Agreement may be amended or waived only upon the prior written consent of the Company and the holders of at least a majority of the Preferred Stock voting together as a single class on an as converted basis.  Notwithstanding the foregoing, (i) if any amendment, termination or waiver expressly by its terms or by reference to a specific Holder or characteristics of a specific Holder  applies to the rights and obligations of such specific Holder in a manner that is different and adverse, in any material respect, from the manner in which such amendment, termination or waiver applies to the rights and obligations of other Holders, the consent of such specific Holder shall also be required for such amendment, termination or waiver, (ii) in the event that any amendment hereof adversely affects the rights of the Founders in a manner disproportionate to any adverse effect such amendment or waiver would have on the rights of the Investors, such amendment shall also require the consent of the holders of a majority of the shares of Common Stock then outstanding and held by the Founders and (iii) Sections 1.4, 2.1(a)(i)-(ii), 2.5, 7(c), 9(b) and 11.11 shall not be modified, supplemented, amended or waived, in whole or in part, in a manner that adversely affects the Wellington Investors, without the prior written consent of the Wellington Investors holding a majority of the Series G Preferred Stock held by all Wellington Investors.  Any amendment or waiver effected in accordance with this paragraph shall be binding upon each Holder, each future holder of all such Preferred Registrable Securities, the Founders and the Company.
11.2    Successors and Assigns.  All covenants and agreements in this Agreement by or on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not.  Other than as set forth in Section 1.10 above, none of the Investors’ rights, privileges, or obligations set forth in, arising under, or created by this Agreement may be assigned or transferred without the prior consent in writing of the Company, except that an Investor may assign or transfer such rights to Permitted Transferee without such consent.  No assignment or transfer shall become effective unless each such transferee has signed a joinder to this Agreement and has provided the Company with a confirmation in writing that it is bound by all terms and conditions, of this Agreement and all other agreements of the stockholders of the Company, as if it were an original party to all such agreements.

27

11.3    Severability.  Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.
11.4    Counterparts; Facsimile Transmission.  This Agreement may be executed simultaneously in two or more counterparts, any one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same Agreement.  Each party to this Agreement agrees that it will be bound by its own telecopied signature and that it accepts the telecopied signature of each other party to this Agreement.
11.5    Descriptive Headings.  The descriptive headings of this Agreement are inserted for convenience only and do not constitute a part of this Agreement.
11.6    Governing Law.  This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the Slate of Delaware.
11.7    Notices.  All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given upon the earlier of actual receipt or (i) personal delivery to the party notified; (ii) when sent, if sent by electronic mail or facsimile during the recipient’s normal business hours, and if not sent during normal business hours, then on the recipient’s next business day; (iii) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid or (iv) one (1) business day after the business day of deposit with a nationally recognized overnight courier, freight prepaid, specifying next-day delivery, with written verification of receipt.  All such notices, demands and other communications shall be sent to each Founders or Investors to the addresses indicated on Schedule A or Schedule B, respectively, and in case of the Company, to the address of its principal office to the attention of the Chief Executive Officer or to such other address or to the attention of such other Person as the recipient party has specified by prior written notice given in accordance with this Section 11.7. to the sending party. 
11.8    Additional Investors.  Notwithstanding Section 11.1, no consent shall be necessary to add Additional Investors as signatories to this Agreement, provided that any such Investor is an Additional Investor as defined in Section 1.3 of the G Purchase Agreement.
11.9    Aggregation of Stock.  Except as otherwise specifically set forth herein, all shares of Preferred Registrable Securities held or acquired by affiliated entities (including affiliated venture capital funds) or persons shall be aggregated together for the purpose of determining the availability of any rights or obligations under this Agreement.  Without limiting the generality of the foregoing, with respect to any Investor that is a Holder and that is a partnership or corporation, the partners, retired partners, shareholders and affiliates of such Investor, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the 

28

foregoing persons shall be deemed to be a single “Investor” and shall be aggregated together for any purpose hereunder.
11.10    Waiver of Right of First Offer and Notice.  The undersigned holders of at least a majority of the Preferred Stock of the Company unconditionally waive all rights to notice and preemptive rights set forth in Section 3 of the Prior Rights Agreement and any rights set forth herein with respect to the issuance of the Series G Preferred Stock issued pursuant to the G Purchase Agreement and any shares of Common Stock issued upon conversion thereof.
11.11    Acknowledgement.  The Company acknowledges that Wellington Management Company LLP is in the business of providing investment management services for its investment advisory clients and therefore, reviews the financial information, business plans and proprietary and other information of many enterprises, including enterprises that may have products or services which compete directly or indirectly with those of the Company.  Subject to Section 9 hereof, nothing in this Agreement shall preclude or in any way restrict Wellington Management Company LLP from investing on behalf of its investment advisory clients, whether or not such enterprise has products or services which compete with those of the Company.  Subject to Section 9 hereof, the Company further acknowledges that Wellington Management Company LLP, on behalf of certain of its investment advisory clients, trades in securities in the public markets and that Wellington Management Company LLP’s access to the Company’s confidential information shall not preclude or in any way restrict Wellington Management Company LLP’s ability to trade securities in the public markets on behalf of its investment advisory clients, nor shall the access to such confidential information by any investment advisory client preclude or in any way restrict such investment advisory client’s ability to trade securities in the public markets.  For purposes of clarity, the term “investment advisory clients” includes, without limitation, the Wellington Investors.
[THIS SPACE INTENTIONALLY LEFT BLANK]

29

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above. 
Company:
	
		
	FORESCOUT TECHNOLOGIES, INC.

	

By:
	/s/ Michael DeCesare

	

Name:  
	Michael DeCesare

	

Title:
	Chief Executive Officer

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above. 
Founder:
	
		
	DORON SHIKMONI

	

By:
	/s/ Doron Shikmoni

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above. 
Founder:
	
		
	ODED COMAY

	

By:
	/s/ Oded Comay

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above. 
Founder:
	
		
	YEHEZKEL YESHURUN

	

By:
	/s/ Yehezkel Yeshurun

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Hartford Global Capital Appreciation Fund

By:    Wellington Management Company LLP,
as investment adviser
	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Global Multi-Strategy Fund

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

The Hartford Growth Opportunities Fund

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

The Hartford Capital Appreciation Fund

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Hartford Growth Opportunities HLS Fund

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Hadley Harbor Master Investors (Cayman) L.P.

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Ithan Creek Master Investors (Cayman) L.P.

By:    Wellington Management Company LLP,
as investment adviser

	
			
	By:
	/s/ Steven M. Hoffman

	 
	Name:
	Steven M. Hoffman

	 
	Title:
	Managing Director & Counsel

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
					
	/s/ Richard Anton
	 
	/s/ Richard Anton

	AMADEUS II ‘A’

	 
	AMADEUS II ‘B’

	By:
	Amadeus Capital Partners Limited
 
its Manager

	 
	By:
	Amadeus Capital Partners Limited 
its Manager

	

Name:  
	Richard Anton
	 
	

Name:  
	Richard Anton

	

Title:
	Partner
	 
	

Title:
	Partner

	

/s/ Richard Anton
	 
	/s/ Richard Anton

	AMADEUS II ‘C’

	 
	AMADEUS II ‘D’ GMBH & CO KG

	By:
	Amadeus Capital Partners Limited
its Manager

	 
	By:
	Amadeus Capital Partners Limited 
its Manager

	

Name:  
	Richard Anton
	 
	

Name:  
	Richard Anton

	

Title:
	Partner
	 
	

Title:
	Partner

	

/s/ Richard Anton
	 
	/s/ Richard Anton

	AMADEUS II AFFILIATES FUND LP

	 
	AMADEUS EI L.P.

	By:
	Amadeus Capital Partners Limited
its Manager

	 
	By:
	Amadeus Capital Partners Limited
its Manager 

	

Name:  
	Richard Anton
	 
	

Name:  
	Richard Anton

	

Title:
	Partner
	 
	

Title:
	Partner

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
					
	/s/ Richard Anton
	 
	/s/ Richard Anton

	AMADEUS IV VELOCITY FUND L.P.

	 
	AMADEUS EII L.P.

	By:
	Amadeus Capital Partners Limited
its Manager

	 
	By:
	Amadeus Capital Partners Limited 
its Manager

	

Name:  
	Richard Anton
	 
	

Name:  
	Richard Anton

	

Title:
	Partner
	 
	

Title:
	Partner

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
					
	/s/ Tracy L. Sedlock
	 
	/s/ Tracy L. Sedlock

	ACCEL INTERNET FUND IV L.P.

	 
	ACCEL VIII L.P.

	By:
	Accel VIII Associates L.L.C.
its General Partner 

	 
	By:
	Accel VIII Associates L.L.C.
its General Partner 

	

Name:  
	Tracy L. Sedlock
	 
	

Name:  
	Tracy L. Sedlock

	

Title:
	Attorney-In-Fact
	 
	

Title:
	Attorney-In-Fact

	

	 
	 
	 

	 
	 
	 
	 

	ACCEL INVESTORS 2000 L.L.C.

	 
	 
	 

	

By:
	/s/ Tracy L. Sedlock
	 
	 
	 

	

Name:  
	Tracy L. Sedlock
	 
	 
	 

	

Title:
	Attorney-In-Fact
	 
	 
	 

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
					
	/s/ Michael B. Gordon
	 
	/s/ Michael B. Gordon

	MERITECH CAPITAL PARTNERS II L.P.
	 
	MERITECH CAPITAL AFFILIATES II L.P.

	By:
	Meritech Capital Associates II L.L.C.
its General Partner
	 
	By:
	Meritech Capital Associates II L.L.C.
its General Partner

	By:
	Meritech Management Associates II L.L.C.
a managing member
	 
	By:
	Meritech Management Associates II L.L.C.
a managing member

	

Name:  
	Michael B. Gordon
	 
	

Name:  
	Michael B. Gordon

	

Title:
	A Managing Member
	 
	

Title:
	A Managing Member

	
		
	/s/ Michael B. Gordon

	MCP ENTREPRENEUR PARTNERS II L.P.

	By:
	Meritech Capital Associates II L.L.C.
its General Partner

	By:
	Meritech Management Associates II L.L.C.
a managing member

	

Name:  
	Michael B. Gordon

	

Title:
	A Managing Member

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
							
	 
	 
	 
	 
	 

	PITANGO VENTURE CAPITAL FUND III (USA) L.P.

	 
	PITANGO VENTURE CAPITAL FUND III (USA) NON-Q L.P.

	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker
	 
	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker

	Name:  
	Zeev Binman
	Bruce Crocker
	 
	Name:  
	Zeev Binman
	Bruce Crocker

	Title:
	 
	 
	 
	Title:
	 
	 

	

	 
	 
	 
	 

	PITANGO VENTURE CAPITAL FUND III (ISRAELI INVESTORS) L.P.
	 
	PITANGO PRINCIPALS FUND III (USA) L.P.

	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker
	 
	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker

	Name:
	Zeev Binman
	Bruce Crocker
	 
	Name:  
	Zeev Binman
	Bruce Crocker

	Title:
	 
	 
	 
	Title:
	 
	 

	

	 
	 
	 
	 

	PITANGO PARALLEL INVESTOR FUND III (USA) L.P.
	 
	PITANGO VENTURE CAPITAL FUND III TRUSTS 2000 LTD.

	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker
	 
	By:
	/s/ Zeev Binman
	/s/ Bruce Crocker

	Name:
	Zeev Binman
	Bruce Crocker
	 
	Name: 
	Zeev Binman
	Bruce Crocker

	Title:
	 
	 
	 
	Title:
	 
	 

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
							
	 
	 
	 
	 
	 

	VINTAGE VENTURE PARTNERS III (CAYMAN) L.P.
By: Its general partner Vintage Ventures III L.P.
By: Its general partner Vintage Ventures Fund 3 Ltd.
	 
	VINTAGE VENTURE PARTNERS III (ISRAEL) L.P.
By: Its general partner Vintage Ventures III L.P.
By: Its general partner Vintage Ventures Fund 3 Ltd.

	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh
	 
	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh

	

Name:  
	Alan Feld
	Hagai Goldhirsh
	 
	

Name:  
	Alan Feld
	Hagai Goldhirsh

	

Title:
	CEO
	CFO
	 
	

Title:
	CEO
	CFO

	

	 
	 
	 
	 

	VINTAGE INVESTMENT PARTNERS V (CAYMAN) L.P.
By: Its general partner Vintage Investments 5 L.P.
By: Its general partner Vintage Fund 5 Ltd.
	 
	VINTAGE INVESTMENT PARTNERS V (ISRAEL) L.P.
By: Its general partner Vintage Investments 5 L.P.
By: Its general partner Vintage Fund 5 Ltd.

	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh
	 
	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh

	

Name:  
	Alan Feld
	Hagai Goldhirsh
	 
	

Name:  
	Alan Feld
	Hagai Goldhirsh

	

Title:
	CEO
	CFO
	 
	

Title:
	CEO
	CFO

	

	 
	 
	 
	 

	VINTAGE INVESTMENT PARTNERS VI (ISRAEL) L.P.
By: Its general partner Vintage Investments VI (Israel) L.P.
By: Its general partner Vintage Fund 6 Ltd.
	 
	VINTAGE INVESTMENT PARTNERS VI (CAYMAN) L.P.
By: Its general partner Vintage Investments VI (Cayman) L.P.
By: Its general partner Vintage Fund 6 Ltd.

	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh
	 
	

By:
	/s/ Alan Feld
	/s/ Hagai Goldhirsh

	

Name:
	Alan Feld
	Hagai Goldhirsh
	 
	

Name: 
	Alan Feld
	Hagai Goldhirsh

	

Title:
	CEO
	CFO
	 
	

Title:
	CEO
	CFO

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
		
	/s/ Rob Helm

	GOLD HILL CAPITAL 2008, LP

	

By:
	Gold Hill Capital 2008, LLC, General Partner

	

Name:
	Rob Helm

	

Title:
	Partner

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.
Investor:
	
	
	/s/ Benny Bergman

	Benny Bergman

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

	
		
	/s/ Benny Bergman

	B.C.S. GROWTH FUND (ISRAEL) L.P.

	

By:
	 

	

Name:
	Benny Bergman

	

Title:
	CEO of G. M.

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

CROSS CREEK CAPITAL II, L.P.
	
		
	By:
	Cross Creek Capital II GP, L.P.

	 
	Its Sole General Partner

	
		
	By:
	/s/ Tyler Christenson

	Name:
	Tyler Christenson

	Title:
	Managing Director

CROSS CREEK CAPITAL PARTNERS III, L.P.
	
		
	By:
	Cross Creek Capital Partners III GP, LLC

	 
	Its Sole General Partner

	
		
	By:
	/s/ Tyler Christenson

	Name:
	Tyler Christenson

	Title:
	Managing Director

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

ASPECT VENTURES,  L.P.
	
		
	By:
	/s/ Theresia Gouw

	Name:
	Theresia Gouw

	Title:
	Managing Member

ASPECT VENTURES I-A,  L.P.
	
		
	By:
	/s/ Theresia Gouw

	Name:
	Theresia Gouw

	Title:
	Managing Member

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

WASATCH FUNDS TRUST
for Wasatch Small Cap Growth Fund 

	
		
	By:
	Wasatch Advisors, Inc.

	Its:
	Investment Adviser

	 

	By:
	/s/ Daniel Thurber

	Name:
	Daniel Thurber

	Its:
	Vice President

	 
	 

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

Investor:
	
					
	/s/ Tom Leighton
	 
	/s/ Tom Leighton

	Tom Leighton
	 
	F. THOMAS LEIGHTON & BONNIE B LEIGHTON REVOCABLE TRUST DTD 11/3/1999

	 
	 
	 
	

By:
	 

	 
	 
	 
	

Name:  
	Tom Leighton

	 
	 
	 
	

Title:
	Trustee

	 
	 
	 

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

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

RED BEARD HOLDINGS, LLC
	
		
	By:
	/s/ Vincent C. Smith

	Name:
	Vincent C. Smith

	Its:
	Manager

SIGNATURE PAGE TO A&R INVESTORS’ RIGHTS AGREEMENT

Schedule A 

Founders:
	
		
	Name
	Address

	Oded Comay
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Doron Shikmoni
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Oded Amir
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Dror Comay
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Yehezkel Yeshurun
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Noga Alon
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

Schedule B

Investors:
	
		
	Part II
A Investors
	 

	B.C.S. Growth Fund (Israel) L.P
	3 Daniel Frisch Street,
Tel Aviv, Israel

	Benny Bergman
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	Yaad Consulting & Management Services 
(1995) Ltd.
	c/o SFK Ltd.
21 Ha’arba Street
Tel Aviv, Israel

	Dan Caspi
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	Adigar Technologies Ltd.
	20 Lincoln Street,
Tel Aviv, Israel 
Attn: Zvika Yochman

	Yeoshua Agassi

	36 Belinson Street,
Kiryat Uno, Israel

	Shimon Lahat
	108 Jerusalem Boulevard
Ramat Gan, Israel

	Avantorin Investments Ltd.
	9 Ehad Ha’am Street,
Tel Aviv, Israel
Attn: Yoav Kaplan

	Yigal Arnon Hi-Tech Investments L.P.
	1 Azrieli Center,
Tel Aviv, Israel
Attn: Orly Tsioni, Adv.

	Eran Ilan
	c/o Yigal Arnon & Co.
1 Azrieli Center,
Tel Aviv, Israel

	NIR4YOU Technologies Ltd.
	c/o TIS Ltd.
2 Habarzel Street,
Tel Aviv, Israel
Attn: Itzchak Nakar

	Jacob Barshack
	6 Ori Street,
Tel Aviv, Israel

	
		
	G.M.Trust Company Ltd.
	c/o Adv. Zeev May
8 Shpinoza Street,
Tel Aviv, Israel

	Shimon Ullman
	Weizmann Institute
POB 26, Rehovot 76100
Israel

	Linani Ltd.
	c/o Ness Technologies Ltd. and Yaron Polak
98 Wingate Street
Herzlia 46752, Israel

	Roy Zisapel
	c/o SFK Ltd.
21 Ha’arba Street
Tel Aviv, Israel

	Tom Leighton
	15 Charlesden Pk
Newtonville, MA 02460-2207
Email: ftl@akamai.com

	The Estate of Danny Lewin
	c/o Hale & Dorr LLP
60 State Street
Boston, MA, 02109
USA
Attn: A. Silvana Giner, Adv.

	Yoav Shoham
	c/o Forescout Technologies Ltd.
24 Raoul Wallenberg St.
Entrance D, 3rd floor
Tel Aviv, 6971924, Israel

	Yael Shrem
	c/o SFK Ltd.
21 Ha’arba Street
Tel Aviv, Israel

	 
	 

	B Investors
	 

	Accel VIII L.P.

	428 University Avenue
Palo Alto, CA 94301

	Accel Internet Fund IV L.P.
	428 University Avenue
Palo Alto, CA 94301

	Accel Investors 2000 L.L.C.
	428 University Avenue
Palo Alto, CA 94301
Attn: Theresia Ranzetta

	
		
	Pitango Venture Capital Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (USA) Non-Q
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (Israeli Investors)
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango JP Morgan Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III Trusts 2000 Ltd.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel

	Pitango Principals Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	B.C.S. Growth Fund (Israel) L.P
	3 Daniel Frisch Street,
Tel Aviv, Israel

	Benny Bergman
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	Yaad Consulting & Management Services 
(1995) Ltd.
	c/o SFK Ltd.
21 Ha’arba Street
Tel Aviv, Israel

	Dan Caspi
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	Adigar Technologies Ltd.
	20 Lincoln Street,
Tel Aviv, Israel 
Attn: Zvika Yochman

	Yigal Arnon Hi-Tech Investments L.P.
	1 Azrieli Center,
Tel Aviv, Israel
Attn: Orly Tsioni, Adv.

	
		
	Eran Ilan Investments Ltd.
	c/o Yigal Arnon & Co.
1 Azrieli Center,
Tel Aviv, Israel

	Jacob Barshack
	6 Ori Street,
Tel Aviv, Israel

	Shimon Ullman
	Weizmann Institute
POB 26, Rehovot 76100
Israel

	Linani Ltd.
	c/o Ness Technologies Ltd.
Kiryat Atidim, Building 4,
Tel Aviv, Israel

	Shrem Fudim Kelner-Trust Company Ltd.
	21 Ha’arba Street
Tel Aviv, Israel

	Shrem, Fudim Kelner Founder Group II, LP
	21 Ha’arba Street
Tel Aviv, Israel

	Canada Israel Opportunity Fund III LP
	21 Ha’arba Street
Tel Aviv, Israel

	Shrem, Fudim, Kelner & Co. Ltd.
	21 Ha’arba Street
Tel Aviv, Israel

	Arko Holdings Ltd.
	21 Ha’arba Street
Tel Aviv, Israel

	Arko Technological Holdings LP
	21 Ha’arba Street
Tel Aviv, Israel

	Vintage Venture Partners III (Cayman) LP
	C/o Vintage Investment Partners
Ackerstein Towers, Bldg D 10th Floor
12 Abba Eban Avenue
Herzliya Pituach, 46120 Israel

	Vintage Venture Partners III (Israel) LP
	C/o Vintage Investment Partners
Ackerstein Towers, Bldg D 10th Floor
12 Abba Eban Avenue
Herzliya Pituach, 46120 Israel

	 
	 

	C Investors
	 

	Meritech Capital Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	
		
	Meritech Capital Affiliates II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	MCP Entrepreneur Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	Accel VIII L.P.

	428 University Avenue
Palo Alto, CA 94301

	Accel Internet Fund IV L.P.
	428 University Avenue
Palo Alto, CA 94301

	Accel Investors 2000 L.L.C.
	428 University Avenue
Palo Alto, CA 94301

	Pitango Venture Capital Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (USA) Non-Q
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (Israeli Investors)
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III Trusts 2000 Ltd.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel

	Pitango Principals Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Technology Ventures I Venture Capital Investment Limited Partnership

	18F Itochu Building
5-1, Kita-Aoyama 2-chome
Minato-ku, Tokyo 107-0061
JAPAN

	Itochu Corporation

	5-1, Kita-Aoyama 2-chome,
Minato-ku, Tokyo, 107-8077
Japan

	D Investors
	 

	
		
	Amadeus II ‘A’
Amadeus II ‘B’
Amadeus II ‘C’

	50 Lothian Road, Edinburgh, EH3 9BV 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	Amadeus II ‘D’ GmbH & Co KG

	c/o VCM Venture Capital Management und Beteiligungsgesellschaft mbH, Max-Joseph-Strasse 7, 80333 Munich 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	Amadeus II Affiliates Fund L.P.
	c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, USA 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	Meritech Capital Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	Meritech Capital Affiliates II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	MCP Entrepreneur Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	Accel VIII L.P.

	428 University Avenue
Palo Alto, CA 94301

	Accel Internet Fund IV L.P.
	428 University Avenue
Palo Alto, CA 94301

	Accel Investors 2000 L.L.C.
	428 University Avenue
Palo Alto, CA 94301

	
		
	Pitango Venture Capital Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (USA) Non-Q
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (Israeli Investors)
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango JP Morgan Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III Trusts 2000 Ltd.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel

	Pitango Principals Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Linani Ltd.
	c/o Ness Technologies Ltd.
Kiryat Atidim, Building 4,
Tel Aviv, Israel

	Technology Ventures I Venture Capital 
Investment Limited Partnership

	18F Itochu Building
5-1, Kita-Aoyama 2-chome
Minato-ku, Tokyo 107-0061
JAPAN

	B.C.S. Growth Fund (Israel) L.P
	3 Daniel Frisch Street,
Tel Aviv, Israel

	Benny Bergman
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	Yaad Consulting & Management Services 
(1995) Ltd.
	c/o SFK Ltd.
21 Ha’arba Street
Tel Aviv, Israel

	Dan Caspi
	c/o B.C.S. Growth Fund (Israel) L.P.
3 Daniel Frisch Street,
Tel Aviv, Israel

	
		
	Adigar Technologies Ltd.
	20 Lincoln Street,
Tel Aviv, Israel 
Attn: Zvika Yochman

	Yigal Arnon Hi-Tech Investments L.P.
	1 Azrieli Center,
Tel Aviv, Israel
Attn: Orly Tsioni, Adv.

	Eran Ilan Investments Ltd.
	c/o Yigal Arnon & Co.
1 Azrieli Center,
Tel Aviv, Israel

	Jacob Barshack
	6 Ori Street,
Tel Aviv, Israel

	Shimon Ullman
	Weizmann Institute
POB 26, Rehovot 76100
Israel

	Shrem, Fudim Kelner Founder Group II – 
Annex Fund LP
	21 Ha’arba Street
Tel Aviv, Israel

	Canada Israel Opportunity Fund III LP
	21 Ha’arba Street
Tel Aviv, Israel

	Shrem, Fudim, Kelner & Co. Ltd.
	21 Ha’arba Street
Tel Aviv, Israel

	Arko Holdings Ltd.
	21 Ha’arba Street
Tel Aviv, Israel

	Arko Technological Holdings LP
	21 Ha’arba Street
Tel Aviv, Israel

	 
	 

	E Investors
	 

	Amadeus II ‘A’
Amadeus II ‘B’
Amadeus II ‘C’

	50 Lothian Road, Edinburgh, EH3 9BV 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	
		
	Amadeus II ‘D’ GmbH & Co KG

	c/o VCM Venture Capital Management und Beteiligungsgesellschaft mbH, Max-Joseph-Strasse 7, 80333 Munich 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	Amadeus II Affiliates Fund L.P.
	c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, New Castle County, Delaware 19801, USA 
Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge CB3 0RN
Fax:44-1223-707070
Attn: Richard Anton
e-mail: Richard.anton@amadeuscapital.com

	Meritech Capital Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	Meritech Capital Affiliates II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	MCP Entrepreneur Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA  94301

	Accel VIII L.P.

	428 University Avenue
Palo Alto, CA 94301

	Accel Internet Fund IV L.P.
	428 University Avenue
Palo Alto, CA 94301

	Accel Investors 2000 L.L.C.
	428 University Avenue
Palo Alto, CA 94301

	Pitango Venture Capital Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (Israeli Investors)
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	
		
	Pitango Parallel Investor Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III (USA) Non-Q
L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Pitango Venture Capital Fund III Trusts 2000 Ltd.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel

	Pitango Principals Fund III (USA) L.P.
	11 HaMenofim Street
Building B
Herzeliya 46725, Israel 

	Linani Ltd
	c/o Ness Technologies Ltd.
Kiryat Atidim, Building 4,
Tel Aviv, Israel

	E-1 Investors
	 

	Silicon Valley Bank
	Attn: Treasury Department
3003 Tasman Drive, HC 215
Santa Clara, CA 95054
Email: deriviatives@svb.com

	Gold Hill Capital 2008, L.P.
	One Almaden Blvd., Suite 630
San Jose, CA 95113
Attn: Glenn Marasigan
Email: gmarasigan@goldhillcapital.com

F Investors
	
		
	Name
	Address

	Amadeus IV Velocity Fund LP
	Acting by its manager Amadeus Capital Partners Limited having its registered office at Mount Pleasant House, 2 Mount Pleasant, Cambridge 
CB3 0RN 
Fax:44-1223-707070 
Attn: Richard Anton 
e-mail: 
Richard.anton@amadeuscapital.com

	Amadeus EII LP

	Meritech Capital Partners II L.P.
	245 Lytton Ave, Suite 125
Palo Alto, CA 94301

	Meritech Capital Affiliates II L.P.

	MCP Entrepreneur Partners II L.P.

	
		
	Name
	Address

	Accel VIII L.P.
	428 University Avenue 
Palo Alto, CA 94301

	Accel Internet Fund IV L.P.

	Accel Investors 2000 L.L.C

	Pitango Venture Capital Fund III (USA) L.P.
	11 HaMenofim Street 
Building B 
Herzliya 46725, Israel

	Pitango Venture Capital Fund III (USA) Non-Q L.P.

	Pitango Venture Capital Fund III (Israeli Investors) L.P.

	Pitango Principals Fund III (USA) L.P.

	Pitango Venture Capital Fund III Trusts 2000 Ltd

	Pitango Parallel Investor Fund III (USA) L.P.

	Aspect Ventures L.P. 

	560 Brannan Street
San Francisco, CA 94107
Email: tg@aspectventures.com 

	F. Thomson Leighton & Bonnie B Leighton Revocable Trust dtd 11/3/1999
	15 Charlesden Pk
Newtonville, MA 02460-2207
Email: ftl@akamai.com

	Cross Creek Capital II, L.P.
	505 Wakara Way, Suite 215
Salt Lake City, UT  84108
Attn:  Karey Barker

	Cross Creek Capital Partners III, L.P.

	NIR4YOU Technologies Ltd.
	4 Romanili Street
Tel Aviv, Israel
Attn: Izhak Nakar, CEO

	Vintage Venture Partners III (Cayman) LP
	12 Abba Eban Avenue
Ackerstein Towers 
Bldg. D, 10th Floor
Herzliya Petuach
46120 Israel

	Vintage Venture Partners III (Israel) LP

	Vintage Investment Partners V (Cayman) LP

	Vintage Investment Partners V (Israel) LP

G Investors
	
		
	Name
	Address

	Hartford Global Capital Appreciation Fund
	c/o Wellington Management Company LLP 
Attention:  Legal and Compliance Department
280 Congress Street 
Boston, Massachusetts 02210
Facsimile Number: 617-289-5699
Email address: seclaw@wellington.com

	Global Multi-Strategy Fund

	The Hartford Growth Opportunities Fund

	The Hartford Capital Appreciation Fund

	Hartford Growth Opportunities HLS Fund

	Hadley Harbor Master Investors (Cayman) L.P.

	Ithan Creek Master Investors (Cayman) L.P.

	CROSS CREEK CAPITAL II, L.P.
	505 Wakara Way, Suite 215
Salt Lake City, UT  84108
Attn:  Karey Barker
Email address: pjarman@crosscreekadvisors.com

	CROSS CREEK CAPITAL PARTNERS III, L.P.

	Wasatch Small Cap Growth Fund
	505 Wakara Way, 3rd Floor   
Salt Lake City, UT 84108
Attn: Sarah Brown/Dan Thurber
Phone: 801-533-0777
Fax: 801-983-4192
Email address: DIT@wasatchadvisors.com

	Aspect Ventures, L.P.
	560 Brannan Street
San Francisco, CA 94107
Email address: tg@aspectventures.com

	Aspect Ventures I-A, L.P.

	F. Thomson Leighton & Bonnie B Leighton Revocable Trust dtd 11/3/1999
	15 Charlesden Pk
Newtonville, MA 02460-2207
Email address: ftl@akamai.com

	Red Beard Holdings, LLC
	2560 E. Chapman Ave #173
Orange, CA 92869 
Email addresses: vinny.smith@vcsgrp.com; 
matt@tobacapital.comExhibit 10.1

 

SECURITIES
EXCHANGE AGREEMENT

 

BY
AND AMONG

 

ARMEAU
BRANDS, INC.,

 

271
LAKE DAVIS HOLDINGS, LLC D/B/A/ SANSAL

 

and

 

THE
MEMBERS OF 271 LAKE DAVIS HOLDINGS, LLC D/B/A SANSAL

 

Dated as of September 27, 2017

 

     

     

    

 

SECURITIES
EXCHANGE AGREEMENT

 

This
SECURITIES EXCHANGE AGREEMENT (the “Agreement”), dated as of the 27th day of September, 2017,
is made by and among ARMEAU BRANDS, INC., a Nevada corporation (“ARMEAU”), 271 LAKE DAVIS HOLDINGS,
LLC D/B/A SANSAL, a Delaware limited liability company (“SANSAL”) and the members of SANSAL listed on Exhibit
A hereto (each a “Member,” and collectively, the “Members”). ARMEAU, SANSAL and the
Members are referred to herein individually, as a “Party” and collectively, as the “Parties.”

 

RECITALS

 

WHEREAS,
the Members owns one hundred percent (100%) of the issued and outstanding limited liability company membership interests in SANSAL,
in the amounts set forth beside their respective names on Exhibit A (the “SANSAL Interests”); and

 

WHEREAS,
the Members have agreed to sell, transfer, assign, convey and deliver the SANSAL Interests to ARMEAU, and ARMEAU has agreed to
acquire the SANSAL Interests from the Member in SANSAL in exchange for the issuance to the Members of an aggregate of 7,800,000
“restricted” shares of common stock of ARMEAU in the amounts set forth beside their respective names on Exhibit
A (the “ARMEAU Shares”), which gives the Members eighty percent (80%) of the issued and outstanding common
stock of ARMEAU after consummation of the transactions contemplated hereby, all on the terms and conditions set forth in this
Agreement.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the foregoing premises, and the covenants, representations and warranties set forth herein,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged and accepted, the Parties,
intending to be legally bound, hereby agree as follows:

 

ARTICLE
I

DEFINITIONS

 

The
following capitalized terms, when used in this Agreement, shall have the following respective meanings:

 

“Accredited
Investor” has the meaning set forth in Rule 501(a) under the Securities Act.

 

“Action”
means any action, suit, inquiry, notice of violation, proceeding (including any partial proceeding such as a deposition) or investigation
pending or threatened before or by any court, arbitrator, governmental or administrative agency, regulatory authority (federal,
state, county, local or foreign), stock market, stock exchange or trading facility.

 

“Affiliate”
has the meaning set forth in Rule 12b-2 of the regulations promulgated under the Exchange Act.

 

    1 

     

    

 

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

 

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

 

“ARMEAU
Indemnified Parties” means ARMEAU and its respective Affiliates and the officers, directors, employees, attorneys and
agents of such Persons.

 

“ARMEAU
Most Recent Fiscal Year End” means January 31, 2017.

 

“ARMEAU
Organizational Documents” has the meaning set forth in Section 5.6.

 

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

 

“Business
Day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks in Miami, Florida are
generally closed for business.

 

“Closing”
has the meaning set forth in Section 2.3.

 

“Closing Date” has the meaning set forth in Section 2.3.

 

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

 

“Contract”
means any written or oral contract, lease, license, indenture, note, bond, agreement, arrangement, understanding, permit,
concession, franchise or other instrument.

 

“Damages”
has the meaning set forth in Section 9.2.

 

“Environmental
Laws” has the meaning set forth in Section 4.18.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations
of the SEC thereunder, all as the same will then be in effect

 

“GAAP”
means, with respect to any Person, generally accepted accounting principles in the U.S. applied on a consistent basis with
such Person’s past practices.

 

“Governmental
Authority” means any domestic or foreign, federal or national, state or provincial, municipal or local government, governmental
authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality,
political subdivision, commission, court, tribunal, official, arbitrator or arbitral body.

 

“Hazardous
Materials” has the meaning set forth in Section 4.18.

 

    2 

     

    

 

“Indebtedness”
means without duplication, (a) all indebtedness or other obligation of the Person for borrowed money, whether current, short-term,
or long-term, secured or unsecured; (b) all indebtedness of the Person for the deferred purchase price for purchases of property
outside the Ordinary Course of Business; (c) all lease obligations of the Person under leases which are capital leases in accordance
with GAAP; (d) any off-balance sheet financing of the Person including synthetic leases and project financing; (e) any payment
obligations of the Person in respect of banker’s acceptances or letters of credit (other than stand-by letters of credit
in support of ordinary course trade payables); (f) any liability of the Person with respect to interest rate swaps, collars, caps
and similar hedging obligations; (g) any liability of the Person under deferred compensation plans, phantom stock plans, severance
or bonus plans, or similar arrangements made payable as a result of the transactions contemplated herein; (h) any indebtedness
referred to in clauses (a) through (g) above of any other Person which is either guaranteed by, or secured by a security interest
upon any property owned by, the Person; and (i) accrued and unpaid interest of, and prepayment premiums, penalties or similar
contractual charges arising as result of the discharge at Closing of, any such foregoing obligation.

 

“Indemnified
Party” has the meaning set forth in Section 11.3.

 

“Indemnifying
Party” has the meaning set forth in Section 11.3.

 

“Intellectual
Property” means all industrial and intellectual property, including, without limitation, all U.S. and non-U.S. patents,
patent applications, patent rights, trademarks, trademark applications, common law trademarks, Internet domain names, trade names,
service marks, service mark applications, common law service marks, and the goodwill associated therewith, copyrights, in both
published and unpublished works, whether registered or unregistered, copyright applications, franchises, licenses, know-how, trade
secrets, technical data, designs, customer lists, confidential and proprietary information, processes and formulae, all computer
software programs or applications, layouts, inventions, development tools and all documentation and media constituting, describing
or relating to the above, including manuals, memoranda, and records, whether such intellectual property has been created, applied
for or obtained anywhere throughout the world.

 

“Knowledge”
shall mean, except as otherwise explicitly provided herein, actual knowledge after reasonable investigation. ARMEAU and SANSAL
shall be deemed to have “Knowledge” of a matter if any of their respective, directors, managers, officers or
employees has Knowledge of such matter.

 

“Laws”
means, with respect to any Person, any U.S. or non-U.S., federal, national, state, provincial, local, municipal, international,
multinational or other Law (including common law), constitution, statute, code, ordinance, rule, regulation or treaty applicable
to such Person.

 

“Liability”
means any liability (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued
or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

 

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“License”
means any security clearance, permit, license, variance, franchise, Order, approval, consent, certificate, registration or other
authorization of any Governmental Authority or regulatory body, and other similar rights.

 

“Lien”
means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind, including, without limitation, any conditional
sale or other title retention agreement, any lease in the nature thereof and the filing of or agreement to give any financing
statement under the Uniform Commercial Code of any jurisdiction and including any lien or charge arising by Law.

 

“Material
Adverse Effect” means, with respect to any Person, a material adverse effect on the business, financial condition, operations,
results of operations, assets, customer, supplier or employee relations or future prospects of such Person.

 

“Member”
or “Members” has the meaning set forth in the preamble.

 

“Order”
means any order, judgment, ruling, injunction, assessment, award, decree or writ of any Governmental Authority or regulatory body.

 

“Operating
Agreement” has the meaning set forth in Section 4.6.

 

“Ordinary
Course of Business” means the ordinary course of business consistent with past custom and practice (including with respect
to quantity and frequency).

 

“Party”
and “Parties” have the respective meanings set forth in the preamble.

 

“Person”
means all natural persons, corporations, business trusts, associations, companies, partnerships, limited liability companies,
joint ventures and other entities, governments, agencies and political subdivisions.

 

“Principal
Market” means the OTCPink tier of the over-the-counter market operated by OTC Markets Group, Inc.

 

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

 

“SANSAL
Disclosure Schedule” has the meaning set forth in Article IV.

 

“SANSAL
Indemnified Parties” means SANSAL and the Members and their respective Affiliates and the managers,officers. employees,
attorneys and agents of such Persons.

 

“SANSAL
Interests” has the meaning set forth in the Recitals.

 

“SANSAL
Most Recent Fiscal Year End” means December 31, 2016.

 

“SANSAL
Organizational Documents” has the meaning set forth in Section 4.6.

 

    4 

     

    

 

“SEC”
means the U.S. Securities and Exchange Commission, or any successor agency thereto.

 

“SEC
Reports” has the meaning set forth in Section 5.18.

 

“Securities
Act” means the Securities Act of 1933, as amended, or any similar federal statute, and the rules and regulations of
the SEC thereunder, all as the same will be in effect at the time.

 

“Tax
Return” means all returns, declarations, reports, estimates, statements, forms and other documents filed with or supplied
to or required to be provided to a Governmental Authority with respect to Taxes, including any schedule or attachment thereto
and any amendment thereof.

 

“Tax”
or “Taxes” means all taxes, assessments, duties, levies or other charge imposed by any Governmental Authority
of any kind whatsoever together with any interest, penalties, fines or additions thereto and any liability for payment of taxes
whether as a result of (i) being a member of an affiliated, consolidated, combined, unitary or similar group for any period, (ii)
any tax sharing, tax indemnity or tax allocation agreement or any other express or implied agreement to indemnify any Person,
(iii) being liable for another Person’s taxes as a transferee or successor otherwise for any period, or (iv) operation of
Law.

 

“Third
Party” has the meaning set forth in Section 11.4(a).

 

“Transaction
Documents” means, collectively, this Agreement and all agreements, certificates, instruments and other documents to
be executed and delivered in connection with the transactions contemplated by this Agreement.

 

“Treasury
Regulations” means the income tax regulations, including temporary regulations, promulgated under the Code, as such
regulations may be amended from time to time (including corresponding provisions of succeeding regulations).

 

“U.S.”
means the United States of America.

 

ARTICLE
II

SECURITIES EXCHANGE; CLOSING

 

Section
2.1     Securities Exchange. At Closing, the Members shall sell, transfer, convey, assign and deliver
the SANSAL Interests, representing one hundred percent (100%) all of the issued and outstanding limited liability company membership
interests in SANSAL, to ARMEAU, and in consideration therefor, subject to Section 2.2, ARMEAU shall issue the ARMEAU Shares
to the Members, in the names and denominations set forth on Exhibit A.

 

Section
2.2      Contribution of Shares. At Closing, Jaitegh Singh(“JT”), the holder of
all 7,500,000 “restricted” shares of ARMEAU common stock outstanding as of the date of this Agreement, shall contribute
such shares to the capital of the Company.

 

    5 

     

    

 

Section
2.3 Closing. Upon the terms and subject to the conditions of this Agreement, the transactions contemplated by this Agreement
shall take place at a closing (“Closing”) to be held by electronic or overnight courier exchange of documents
contemporaneously with the execution of this Agreement by the Parties. The date Closing occurs is referred to herein as the “Closing
Date.”

 

Section
2.4 Closing Deliveries by ARMEAU. At Closing, ARMEAU shall deliver, or cause to be delivered to the Members, as applicable,
(a) certificates evidencing the ARMEAU Shares registered in the name of the Members; (b) the resignation of JT as the sole director
and executive officer of ARMEAU; (c) the appointment of designees of the Members as members of the board of directors of ARMEAU;
(d) certificates evidencing the “restricted” shares of ARMEAU being contributed to the capital of ARMEAU pursuant
to Section 2.2, duly endorsed for transfer, with signature medallion guaranteed; and (e) such other customary closing documents
and certificates as SANSAL and the Members or their counsel may reasonably request

 

Section
2.5 Closing Deliveries by SANSAL and Members. At Closing, SANSAL and the Members, as applicable, shall deliver, or cause to
be delivered to ARMEAU, (a) executed transfer powers in the form attached as Exhibit B hereto, selling, transferring, assigning,
conveying and delivering title to the SANSAL Interests hereto to ARMEAU; and (b) such other customary closing documents and certificates
as ARMEAU or its counsel may reasonably request.

 

ARTICLE
III 

REPRESENTATIONS
AND WARRANTIES OF THE MEMBERS

 

Each
Member, as to himself, herself or itself only, hereby represents and warrants to ARMEAU as follows:

 

Section
3.1     Authority. The Member has all requisite authority and power to enter into and deliver this
Agreement and any of the other Transaction Documents to which the Member is a party, and any other certificate, agreement, document
or instrument to be executed and delivered by the Member in connection with the transactions contemplated hereby and thereby and
to perform his, hers or its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby.
This Agreement has been, and each of the Transaction Documents to which such Member is a party will be, duly and validly authorized
and approved, executed and delivered by the Member.

 

Section
3.2     Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly
and validly authorized, executed and delivered by the parties hereto and thereto other than the Member, this Agreement and each
of the Transaction Documents to which the Member is a party are duly authorized, executed and delivered by the Member, and constitutes
the legal, valid and binding obligations of the Member, enforceable against the Member in accordance with their respective terms,
except as such enforcement is limited by general equitable principles, or by bankruptcy, insolvency and other similar Laws affecting
the enforcement of creditors rights generally.

 

    6 

     

    

 

Section
3.3     No Conflicts. Neither the execution or delivery by the Member of this Agreement or any Transaction
Document to which the Member is a party, nor the consummation or performance by the Member of the transactions contemplated hereby
or thereby will, directly or indirectly, (a) contravene, conflict with, constitute a default (or an event or condition which,
with notice or lapse of time or both, would constitute a default) under, or result in the termination or acceleration of, any
agreement or instrument to which the Member is a party or by which the properties or assets of the Member are bound; or (b) contravene,
conflict with, result in any breach of, or constitute a default (or an event that with notice or lapse of time or both would become
a default) under, impair the rights of the Member under, or alter the obligations of any Person under, or create in any Person
the right to terminate, amend, accelerate or cancel, or require any notice, report or other filing (whether with a Governmental
Authority or any other Person) pursuant to, or result in the creation of a Lien on any of the assets or properties of SANSAL under,
any note, bond, mortgage, indenture, Contract, License, permit, franchise or other instrument or obligation to which the Member
is a party or any of the Member’s assets and properties are bound or affected, except for any such contraventions, conflicts,
violations, or other occurrences as could not reasonably be expected to have a Material Adverse Effect on the Member or the Member’s
SANSAL Interests.

 

Section
3.4     Ownership of SANSAL Interests. The Member owns, of record and beneficially, and has good,
valid and indefeasible title to and the right to transfer to ARMEAU pursuant to this Agreement, the Member’s SANSAL Interests,
free and clear of any and all Liens. There are no options, rights, voting trusts or any other Contracts or understandings to which
the Member is a party or by which the Member or the Member’s SANSAL Interests are bound with respect to the issuance, sale,
transfer, voting or registration of the Member’s SANSAL Interests. At the Closing Date, ARMEAU will acquire good, valid
and marketable title to the Member’s SANSAL Interests free and clear of any and all Liens.

 

Section
3.5    Certain Proceedings. There is no Action pending against, or to the Knowledge of the Member, threatened
against or affecting, the Member by any Governmental Authority or other Person with respect to the Member that challenges, or
may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the transactions contemplated
by this Agreement.

 

Section
3.6     No Brokers or Finders. No Person has, or as a result of the transactions contemplated herein
will have, any right or valid claim against the Member for any SEC, fee or other compensation as a finder or broker, or in any
similar capacity, based upon arrangements made by or on behalf of the Member and the Member will indemnify and hold ARMEAU harmless
against any liability or expense arising out of, or in connection with, any such claim.

 

Section
3.7      Investment Representations.

 

(a)          Purchase
Entirely for Own Account. The Member is acquiring the Member’s ARMEAU Shares proposed to be acquired hereunder for
investment for the Member’s own account and not with a view to the resale or distribution of any part thereof, and the Member
has no present intention of selling or otherwise distributing such ARMEAU Shares, except in compliance with applicable securities
Laws.

 

    7 

     

    

 

(b)      
Restricted Securities. The Member understands that the ARMEAU Shares are characterized as “restricted securities”
under the Securities Act inasmuch as this Agreement contemplates that, when acquired by the Member pursuant hereto, the ARMEAU
Shares would be acquired in a transaction not involving a public offering. The issuance of the ARMEAU Shares hereunder is being
effected in reliance upon an exemption from registration afforded under Section 4(a)(2) of the Securities Act. The Member further
acknowledges that if the ARMEAU Shares are issued to the Member in accordance with the provisions of this Agreement, the Member’s
ARMEAU Shares may not be resold without registration under the Securities Act or the existence of an exemption therefrom. The
Member represents that he, she or it is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and
understands the resale limitations imposed thereby, and specifically those in subparagraph (i) thereof, and by the Securities
Act.

 

(c)      
Acknowledgment of Non-Registration. The Member understands and agrees that the ARMEAU Shares to be issued pursuant
to this Agreement have not been registered under the Securities Act or the securities Laws of any state of the U.S.

 

(d)      
Status. By executing of this Agreement, the Member represents and warrants to ARMEAU that the Member is an Accredited
Investor. The Member understands that the ARMEAU Shares are being offered and sold to the Member in reliance upon the truth and
accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Members set forth in this Agreement,
in order that ARMEAU may determine the applicability and availability of the exemptions from registration of the ARMEAU Shares
on which ARMEAU is relying.

 

(e)      
Additional Representations, Warranties and Covenants. The Member (i) consents to the placement of a legend on any
certificate or other document evidencing the Member’s ARMEAU Shares substantially in the form set forth in Section 3.8(a);
(ii) has sufficient knowledge and experience in finance, securities, investments and other business matters to be able to protect
his interests in connection with the transactions contemplated by this Agreement; (iii) has consulted, to the extent that he has
deemed necessary, with his tax, legal, accounting and financial advisors concerning the Member’s acquisition of the ARMEAU
Shares and can afford to bear such risks for an indefinite period of time, including, without limitation, the risk of losing its
entire investment in the ARMEAU Shares; (iv) has had access to the SEC Reports; (vi) has been furnished during the course of the
transactions contemplated by this Agreement with all other public information regarding ARMEAU that such the Member has requested
and all such public information is sufficient for the Member to evaluate the risks of acquiring the ARMEAU Shares; (vii) has been
afforded the opportunity to ask questions of and receive answers concerning ARMEAU and the terms and conditions of the issuance
of the ARMEAU Shares; (viii) is not relying on any representations and warranties concerning ARMEAU made by ARMEAU or any officer,
employee or agent of ARMEAU, other than those contained in this Agreement or the SEC Reports; (ix) will not sell or otherwise
transfer the ARMEAU Shares, unless either (A) the transfer of the ARMEAU Shares is registered under the Securities Act; or (B)
an exemption from registration of the ARMEAU Shares is available; (x) understands and acknowledges that ARMEAU is under no obligation
to register the ARMEAU Shares for sale under the Securities Act; (xi) represents and warrants that the address furnished to ARMEAU
is the principal residence of the Member; (xii) understands and acknowledges that the ARMEAU Shares have not been recommended
by any federal or state securities commission or regulatory authority, that the foregoing authorities have not confirmed the accuracy
or determined the adequacy of any information concerning ARMEAU that has been supplied to the Member and that any representation
to the contrary is a criminal offense; and (xiii) acknowledges that the representations, warranties and agreements made by the
Member herein shall survive the execution and delivery of this Agreement and the acquisition of the ARMEAU Shares.

 

    8 

     

    

 

(f)         Consent.
The Member understands and acknowledges that ARMEAU may refuse to transfer the ARMEAU Shares, unless the Member complies with
Section 3.7 and any other restrictions on transferability set forth herein. The Member consents to ARMEAU making a notation
on its records or giving instructions to any transfer agent of ARMEAU Shares in order to implement the restrictions on transfer
of the ARMEAU Shares.

 

Section
3.8      Stock Legends.          The Member
hereby agrees with ARMEAU as follows:

 

(a)        
The certificates evidencing the Member’s ARMEAU Shares and each certificate issued in transfer thereof, will bear the following
or similar legend:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE SECURITIES LAWS AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED,
ASSIGNED OR OTHERWISE TRANSFERRED EXCEPT (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS OR (2) PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS, IN WHICH CASE THE HOLDER MUST, PRIOR TO SUCH TRANSFER, FURNISH TO THE COMPANY AN OPINION OF COUNSEL, WHICH
COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR
OTHERWISE TRANSFERRED IN THE MANNER CONTEMPLATED PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.

 

(b)        
The certificates representing the ARMEAU Shares, and each certificate issued in transfer thereof, will also bear any other legend
required under any applicable Law, including, without limitation, any state corporate and state securities Law, or Contract.

 

    9 

     

    

 

ARTICLE
IV

REPRESENTATIONS AND WARRANTIES OF SANSAL

 

SANSAL
hereby represents and warrants to ARMEAU, subject to the exceptions and qualifications specifically set forth or disclosed in
writing in the disclosure schedule delivered by SANSAL simultaneously herewith (the “SANSAL Disclosure Schedule”),
as follows:

 

Section
4.1     Organization and Qualification. SANSAL is a limited liability company duly organized, validly existing and in good standing
under the Laws of the jurisdiction of its incorporation or organization, has all requisite corporate authority and power, Licenses,
authorizations, consents and approvals to carry on its business as presently conducted and to own, hold and operate its properties
and assets as now owned, held and operated by it, and is duly qualified to do business and in good standing in each jurisdiction
in which the failure to be so qualified would not reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect on SANSAL.

 

Section
4.2     Authority. SANSAL has have all requisite authority and power (as a limited liability company and otherwise), Licenses,
authorizations, consents and approvals to enter into and deliver this Agreement and any of the other Transaction Documents to
which SANSAL is a party and any other certificate, agreement, document or instrument to be executed and delivered by SANSAL in
connection with the transactions contemplated hereby and thereby and to perform its obligations hereunder and thereunder and to
consummate the transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the other Transaction
Documents by SANSAL and the performance by SANSAL of its obligations hereunder and thereunder and the consummation by SANSAL of
the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of SANSAL. SANSAL
does not need to give any notice to, make any filing with, or obtain any authorization, consent or approval of any Person or Governmental
Authority in order for the Parties to execute, deliver or perform this Agreement or the transactions contemplated hereby. This
Agreement has been, and each of the Transaction Documents to which SANSAL is a party will be, duly and validly authorized and
approved, executed and delivered by SANSAL.

 

Section
4.3     Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties hereto and thereto other than SANSAL, this Agreement and each of the Transaction Documents to which
SANSAL is a party are duly authorized, executed and delivered by SANSAL and constitutes the legal, valid and binding obligations
of SANSAL enforceable against SANSAL in accordance with their respective terms, except as such enforcement is limited by general
equitable principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of creditors rights generally.

 

    10 

     

    

 

Section
4.4     No Conflicts. Neither the execution nor the delivery by SANSAL of this Agreement or any Transaction
Document to which SANSAL is a party, nor the consummation or performance by SANSAL of the transactions contemplated hereby or
thereby will, directly or indirectly, (a) contravene, conflict with, or result in a violation of any provision of the SANSAL Organizational
Documents; (b) contravene, conflict with or result in a violation of any Law, Order, charge or other restriction or decree applicable
to SANSAL, or by which SANSAL or any of its respective assets and properties are bound or affected, including without limitation,
applicable rules and regulations of the TTB relating to reporting requirements, product and label registrations and other distillery
operations; (c) contravene, conflict with, result in any breach of, or constitute a default (or an event that with notice or lapse
of time or both would become a default) under, impair the rights of SANSAL under, or alter the obligations of any Person under,
or create in any Person the right to terminate, amend, accelerate or cancel, or require any notice, report or other filing (whether
with a Governmental Authority or any other Person) pursuant to, or result in the creation of a Lien on any of the assets or properties
of SANSAL under, any note, bond, mortgage, indenture, Contract, License, permit, franchise or other instrument or obligation to
which SANSAL is a party or by which SANSAL or any of its respective assets and properties are bound or affected; or (d) contravene,
conflict with, or result in a violation of, the terms or requirements of, or give any Governmental Authority the right to revoke,
withdraw, suspend, cancel, terminate or modify, any licenses, permits, authorizations, approvals, franchises or other rights held
by SANSAL or that otherwise relate to the business of, or any of the properties or assets owned or used by, SANSAL, except, in
the case of clauses (b), (c) or (d), for any such contraventions, conflicts, violations, or other occurrences as would not have
a Material Adverse Effect on SANSAL.

 

Section
4.5     Subsidiaries. SANSAL does not own, directly or indirectly, any equity or other ownership interest in any corporation,
partnership, joint venture or other entity or enterprise. There are no Contracts or other obligations (contingent or otherwise)
of SANSAL to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital stock of, or other ownership interests
in, any other Person or to provide funds to or make any investment (in the form of a loan, capital contribution or otherwise)
in any other Person.

 

Section
4.6     Organizational Documents. SANSAL has delivered or made available to ARMEAU true and correct copies of the Articles of
Organization and limited liability company operating agreement of SANSAL (the “Operating Agreement”) and any
other organizational documents of SANSAL, each as amended, and each such instrument is in full force and effect (the “SANSAL
Organizational Documents”). SANSAL is not in violation of any of the provisions of the SANSAL Organizational Documents.

 

Section
4.7     Capitalization. Except for the SANSAL Interests, no limited liability company
membership interests or other securities of SANSAL were issued, reserved for issuance or outstanding. Except as set forth in
the Operating Agreement or as contemplated by this Agreement, there are no options, warrants, rights, convertible or
exchangeable securities, commitments, Contracts, arrangements or undertakings of any kind to which SANSAL or any of its
members is a party or by which it or they are bound (a) obligating SANSAL to issue, deliver or sell, or cause to be issued,
delivered or sold, equity or profit interests in, or any security convertible or exercisable for or exchangeable into an
equity or profit interest in, SANSAL; (b) obligating SANSAL to issue, grant, extend or enter into any such option, warrant,
call, right, security, commitment, Contract, arrangement or undertaking; or (c) that give any Person the right to receive any
economic benefit or right similar to or derived from the economic benefits and rights occurring to holders of the capital
stock of SANSAL. There are no (x) outstanding purchase options, call options, rights of first refusal, preemptive rights,
subscription right or any similar rights relating to securities of SANSAL; or (y) Contracts or other obligations of SANSAL to
repurchase, redeem or otherwise acquire any securities of SANSAL.

 

    11 

     

    

 

Section
4.8     No Brokers or Finders. No Person has, or as a result of the transactions contemplated herein will have, any right or valid
claim against SANSAL for any commission, fee or other compensation as a finder or broker, or in any similar capacity, based upon
arrangements made by or on behalf of SANSAL, and SANSAL will indemnify and hold ARMEAU harmless against any liability or expense
arising out of, or in connection with, any such claim.

 

Section
4.9     Compliance with Laws. The business and operations of SANSAL have been and are being conducted in accordance with all applicable
Laws and Orders. SANSAL is not conflict with, or in default or violation of and, to the Knowledge of SANSAL, is not under investigation
with respect to and has not been threatened to be charged with or given notice of any violation of or default under, any (a) Law,
rule, regulation, judgment or Order; or (b) note, bond, mortgage, indenture, Contract, License, permit, franchise or other instrument
or obligation to which SANSAL is a party or by which SANSAL or any of its assets and properties are bound or affected and which
could reasonably expected to have a Material Adverse Effect on SANSAL. There is no agreement, judgment or Order binding upon SANSAL
which has, or could reasonably be expected to have, the effect of prohibiting or materially impairing any business practice of
SANSAL or the conduct of business by SANSAL as currently conducted. SANSAL has filed all forms, reports and documents required
to be filed with any Governmental Authority and SANSAL has made available such forms, reports and documents to ARMEAU. As of their
respective dates, such forms, reports and documents complied in all material respects with the applicable requirements pertaining
thereto and none of such forms, reports and documents contain any untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under
which they were made, not misleading.

 

Section
4.10  Certain Proceedings. There is no material Action pending against, or to the Knowledge of SANSAL,
threatened against or affecting, SANSAL by any Governmental Authority or other Person with respect to SANSAL or its business
or that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the
transactions contemplated by this Agreement. SANSAL, or to the Knowledge of SANSAL, has not been a party to any material
litigation or, within the past two (2) years, the subject of any threat of material litigation (litigation shall be deemed
“material” if the amount at issue exceeds the lesser of $50,000 per matter or $250,000 in the aggregate).
SANSAL is not in violation of and, to the Knowledge of SANSAL, is not under investigation with respect to and has not been
threatened to be charged with or given notice of any violation of, any applicable Law, rule, regulation, judgment or Order.
Neither SANSAL nor any past or present manager or officer (in his or her capacity as such) or Affiliate, is or has been the
subject of any civil, criminal, or administrative Action involving a claim or violation of or liability under federal or
state securities laws or a claim of breach of fiduciary duty. Neither SANSAL nor any past or present manager or officer (in
his or her capacity as such) or Affiliate, have any reason to believe that they will be the subject of any civil, criminal,
or administrative Action involving a claim or violation of or liability under federal or state securities laws or a claim of
breach of fiduciary duty. Neither SANSAL nor any past or present manager or officer (in his or her capacity as such) or
Affiliate, has any reason to believe that they will be the subject of any civil, criminal, or administrative Action brought
by any federal or state agency.

 

    12 

     

    

 

Section
4.11  Contracts. Except as set forth in Section 4.11  of the SANSAL Disclosure Schedule, there are no Contracts that
are material to the business, properties, assets, condition (financial or otherwise), results of operations or prospects of SANSAL.
SANSAL is not in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving
of notice would cause such a violation of or default under) any Contract to which it is a party or to which it or any of its properties
or assets is subject, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected
to result in a Material Adverse Effect on SANSAL.

 

Section
4.12   Financial Statements and Tax Matters.

 

(a)
    Financial Statements; Books and Records; Accounts Receivable.

 

(i)     SANSAL
has delivered to ARMEAU the financial statements attached as Section 4.12 of the SANSAL Disclosure Schedules Section
4.12 of the SANSAL Disclosure Schedule (the “SANSAL Financial Statements”). The SANSAL Financial Statements
have been prepared in accordance with GAAP and fairly present in all material respects the financial position of SANSAL as of
and for the dates thereof and the results of operations for the periods then ended.

 

(ii)     The books and records of SANSAL are complete and correct in all material respects and have been maintained in accordance with
sound business practices consistent with industry standards.

 

(iii)    The accounts receivable of SANSAL are reflected on the books and records of SANSAL and represent valid obligations arising from
the sale of products or performance of services in the Ordinary Course o f Business. To the Knowledge of SANSAL, the accounts
receivable are current and collectible net of the respective reserves established on SANSAL’s books and records in accordance
with past practices consistently applied. To the Knowledge of SANSAL, there is no contest, claim or right of set -off under any
Contract relating to accounts receivable with respect to the amount or validity of such accounts receivable.

 

(b)     Absence
of Certain Changes. Since the date of the latest balance sheet included in the SANSAL Financial Statements, SANSAL
has been operated, in the ordinary course and consistent with past practice and, in any event, there has not been: (i) any
adverse change in the business, condition (financial or otherwise), operations, results of operations or prospects of SANSAL,
which could reasonably be expected to have a Material Adverse Effect on SANSAL; (ii) any loss or, to the Knowledge of SANSAL,
threatened or contemplated loss, of business of any customers or suppliers of SANSAL which, individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect on SANSAL; (iii) any loss, damage, condemnation or destruction
to any of the properties of SANSAL (whether or not covered by insurance); (iv) any borrowings by SANSAL other than trade
payables arising in the ordinary course of the business and consistent with past practice; or (v) any sale, transfer or other
disposition of any of the assets other than in the ordinary course of the business and consistent with past
practice.

 

    13 

     

    

 

(c)      Tax Returns. SANSAL has filed all Tax Returns required to be filed (if any) by or on behalf of SANSAL and has paid
all Taxes of SANSAL required to have been paid (whether or not reflected on any Tax Return). No Governmental Authority in any
jurisdiction has made a claim, assertion or threat to SANSAL that SANSAL is or may be subject to taxation by such jurisdiction;
there are no Liens with respect to Taxes on SANSAL’s property or assets; and there are no Tax rulings, requests for rulings,
or closing agreements relating to SANSAL for any period (or portion of a period) that would affect any period after the date hereof.

 

(d)     No Adjustments, Changes. Neither SANSAL nor any other Person on behalf of SANSAL (a) has executed or entered into
a closing agreement pursuant to Section 7121 of the Code or any predecessor provision thereof or any similar provision of state,
local or foreign law; or (b) has agreed to or is required to make any adjustments pursuant to Section 481(a) of the Code or any
similar provision of state, local or foreign law.

 

(e)     No Disputes. There is no pending audit, examination, investigation, dispute, proceeding or claim with respect to
any Taxes of SANSAL, nor is any such claim or dispute pending or contemplated. SANSAL has delivered to ARMEAU true, correct and
complete copies of all Tax Returns and examination reports and statements of deficiencies assessed or asserted against or agreed
to by SANSAL, if any, since its inception and any and all correspondence with respect to the foregoing.

 

Section
4.13   Internal Accounting Controls. SANSAL maintains a system of internal accounting controls sufficient to provide reasonable
assurance that (a) transactions are executed in accordance with management’s general or specific authorizations; (b) transactions
are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles
and to maintain asset accountability; (c) access to assets is permitted only in accordance with management’s general or
specific authorization; and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals
and appropriate action is taken with respect to any differences. SANSAL has established disclosure controls and procedures for
SANSAL and designed such disclosure controls and procedures to ensure that material information relating to SANSAL is made known
to the officers by others within SANSAL. SANSAL’s officers have evaluated the effectiveness of the SANSAL’s controls
and procedures. Since SANSAL’s Most Recent Fiscal Year End, there have been no significant changes in SANSAL’s internal
controls or, to the Knowledge of SANSAL, in other factors that could significantly affect SANSAL’s internal controls.

 

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Section
4.14   Labor Matters.

 

(a)     There are no collective bargaining or other labor union agreements to which SANSAL is a party or by which it is bound. No material
labor dispute exists or, to the Knowledge of SANSAL and the Members, is imminent with respect to any of the employees of SANSAL.

 

(b)     SANSAL is in full compliance with all Laws regarding employment, wages, hours, benefits, equal opportunity, collective bargaining,
the payment of Social Security and other taxes, and occupational safety and health. SANSAL is not liable for the payment of any
compensation, damages, taxes, fines, penalties or other amounts, however designated, for failure to comply with any of the foregoing
Laws.

 

(c)     No manager, officer or employee of SANSAL is a party to, or is otherwise bound by, any Contract (including any confidentiality,
non-competition or proprietary rights agreement) with any other Person that in any way adversely affects or will materially affect
(i) the performance of his or her duties as a manager, officer or employee of SANSAL; or (ii) the ability of SANSAL to conduct
its business. Each employee of SANSAL is employed on an at-will basis and the SANSAL does not have any Contract with any of its
employees which would interfere with its ability to discharge its employees.

 

Section
4.15   Employee Benefits.

 

(a)
   SANSAL does not, and since its inception never has, maintained or contributed to any bonus, pension, profit sharing, deferred
compensation, incentive compensation, stock ownership, stock purchase, stock option, phantom stock, retirement, vacation, severance,
disability, death benefit, hospitalization, medical or other plan, arrangement or understanding (whether or not legally binding)
providing benefits to any current or former employee, officer or director of SANSAL. There are not any employment, consulting,
indemnification, severance or termination agreements or arrangements between SANSAL and any current or former employee, officer
or director of SANSAL, nor does SANSAL have any general severance plan or policy.

 

(b)

    SANSAL does not, and since its inception never has, maintained or contributed to any “employee pension benefit plans”
(as defined in Section 3(2) of ERISA), “employee welfare benefit plans” (as defined in Section 3(1) of ERISA)
or any other benefit plan for the benefit of any current or former employees, consultants, officers or directors of SANSAL.

 

(c)

    Neither the consummation of the transactions contemplated hereby alone, nor in combination with another event, with respect to
each manager, officer, employee and consultant of SANSAL, will result in (i) any payment (including, without limitation, severance,
unemployment compensation or bonus payments) becoming due from SANSAL; (ii) any increase in the amount of compensation or benefits
payable to any such individual; or (iii) any acceleration of the vesting or timing of payment of compensation payable to any such
individual. No arrangement or other Contract of SANSAL provides benefits or payments contingent upon, triggered by, or increased
as a result of a change in the ownership or effective control of SANSAL.

 

    15 

     

    

 

Section
4.16   Title to Assets. SANSAL has sufficient title to, or valid leasehold interests in, all of its properties and assets used
in the conduct of its businesses. All such assets and properties, other than assets and properties in which SANSAL has leasehold
interests, are free and clear of all Liens, except for Liens that, in the aggregate, do not and will not materially interfere
with the ability of SANSAL to conduct business as currently conducted.

 

Section
4.17   Intellectual Property. Section 4.17  of the SANSAL Disclosure Schedule sets forth a true and correct list of Intellectual
Property used by SANSAL in its business as presently conducted, which constitutes all of the Intellectual Property needed by SANSAL
to operate its business as presently conducted. SANSAL is the sole and exclusive owner of or has a license or other right to sue
the Intellectual Property, free and clear of any Liens and, to the Knowledge of SANSAL, any infringing or diluting uses thereof
by third parties. SANSAL has neither abandoned nor granted any license, permit or other consent or authorization to any third
party to use any of the Intellectual Property None of the Intellectual Property is subject to any outstanding order, decree, judgment,
stipulation, injunction or restriction or agreement restricting the scope or use thereof. To the Knowledge of SANSAL, none of
the Intellectual Property infringes on any trademarks, Internet domain names, copyrights or any other intellectual property rights
of any kind of any third party.

 

Section
4.18   Environmental Laws. SANSAL (a) is in compliance in all material respects with all Environmental Laws; (b) has received
all Licenses or other approvals required of it under applicable Environmental Laws to conduct its business; and (c) is in compliance
with all terms and conditions of any such License or approval where, in each of the foregoing clauses (a), (b) and (c), the failure
to so comply could be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect on SANSAL. The
term “Environmental Laws” means all federal, state, local or foreign laws relating to pollution or protection
of human health or the environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface
strata), including, without limitation, laws relating to emissions, discharges, releases or threatened releases of chemicals,
pollutants, contaminants, or toxic or hazardous substances or wastes (collectively, “Hazardous Materials”)
into the environment, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport
or handling of Hazardous Materials, as well as all authorizations, codes, decrees, demands or demand letters, injunctions, judgments,
Licenses, notices or notice letters, Orders, permits, plans or regulations issued, entered, promulgated or approved thereunder.

 

Section
4.19   Transactions with Affiliates and Employees.  Except as set forth in the SANSAL Financial Statements, no member,
manager, officer or employee of SANSAL or any Affiliate of any such Person, has or has had, either directly or indirectly, an
interest in any transaction with SANSAL (other than for services as managers, directors, officers and employees), including any
Contract 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 such Person or, to the Knowledge of SANSAL, any entity in which any
such Person has an interest or is a director, manager, officer, trustee or partner.

 

Section
4.20   Liabilities. SANSAL has no Liability (and there is no Action pending, or to the Knowledge of SANSAL,
threatened against SANSAL that could reasonably be expected to give rise to any Liability). SANSAL is not a guarantor
nor is it otherwise liable for any Liability or obligation (including Indebtedness) of any other Person.

 

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Section
4.21  Absence of Certain Changes or Events. Since the SANSAL Most Recent Fiscal Year End (a) SANSAL has conducted its business
only in Ordinary Course of Business; and (b) there has not been any change in the assets, Liabilities, financial condition or
operating results of SANSAL since, except changes in the Ordinary Course of Business that have not caused, in the aggregate, a
Material Adverse Effect on SANSAL. SANSAL has not taken any steps to seek protection pursuant to any Law or statute relating to
bankruptcy, insolvency, reorganization, receivership, liquidation or winding up, nor does SANSAL have any Knowledge or reason
to believe that any of SANSAL’s creditors intend to initiate involuntary bankruptcy proceedings or any actual knowledge
of any fact which would reasonably lead a creditor to do so.

 

ARTICLE
V

REPRESENTATIONS
AND WARRANTIES OF ARMEAU

 

ARMEAU
hereby represents and warrant to SANSAL and the Members, subject to the exceptions and qualifications specifically set forth or
disclosed in writing in the SEC Reports, as follows:

 

Section
5.1    Organization and Qualification. ARMEAU is a corporation duly organized, validly existing and in good standing under the
Laws of the jurisdiction of its incorporation, has all requisite corporate authority and power, Licenses, authorizations, consents
and approvals to carry on its business as presently conducted and to own, hold and operate its properties and assets as now owned,
held and operated by it, and is duly qualified to do business and in good standing in each jurisdiction in which the failure to
be so qualified would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect on ARMEAU.
The ARMEAU Shares are presently quoted on the Principal Market. and ARMEAU is not subject to any notice that it no longer qualified
for such quotation or that it has received any notice from the SEC that it has or will commence, institute or bring a proceeding
pursuant to Section 12(j) of the Exchange Act.

 

Section
5.2     Authority. ARMEAU has all requisite authority and power, Licenses, authorizations, consents and
approvals to enter into and deliver this Agreement and any of the other Transaction Documents to which ARMEAU is a party and any
other certificate, agreement, document or instrument to be executed and delivered by ARMEAU in connection with the transactions
contemplated hereby and thereby and to perform their respective obligations hereunder and thereunder and to consummate the transactions
contemplated hereby and thereby. The execution and delivery of this Agreement and the other Transaction Documents by ARMEAU and
the performance by ARMEAU of its respective obligations hereunder and thereunder and the consummation by ARMEAU of the transactions
contemplated hereby and thereby have been duly authorized by all necessary action on the part of ARMEAU. ARMEAU is not required
to give any notice to, make any filing with, or obtain any authorization, consent or approval of any Person or Governmental Authority
in order for the Parties to execute, deliver or perform this Agreement or the transactions contemplated hereby. This Agreement
has been, and each of the Transaction Documents to which ARMEAU is a party will be, duly and validly authorized and approved,
executed and delivered by ARMEAU.

 

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Section
5.3     Binding Obligations. Assuming this Agreement and the Transaction Documents have been duly and validly authorized, executed
and delivered by the parties hereto and thereto other than ARMEAU, this Agreement and each of the Transaction Documents to which
ARMEAU is a party are duly authorized, executed and delivered by ARMEAU and constitutes the legal, valid and binding obligations
of ARMEAU enforceable against ARMEAU in accordance with their respective terms, except as such enforcement is limited by general
equitable principles, or by bankruptcy, insolvency and other similar Laws affecting the enforcement of creditors rights generally.

 

Section
5.4    No Conflicts. Neither the execution nor the delivery by ARMEAU of this Agreement or any Transaction Document to which
ARMEAU is a party, nor the consummation or performance by ARMEAU of the transactions contemplated hereby or thereby will, directly
or indirectly, contravene, conflict with, or result in (a) a violation of any provision of ARMEAU Organizational Documents; (b)
a violation of any Law, Order, charge or other restriction or decree of any Governmental Authority or any rule or regulation of
the Principal Market applicable to ARMEAU, or by which ARMEAU or any of its respective assets and properties are bound or affected;
(c) a violation of, any breach of, or constitute a default (or an event that with notice or lapse of time or both would become
a default) under, impair the rights of ARMEAU under, or alter the obligations of any Person under, or create in any Person the
right to terminate, amend, accelerate or cancel, or require any notice, report or other filing (whether with a Governmental Authority
or any other Person) pursuant to, or result in the creation of a Lien on any of the assets or properties of ARMEAU under, any
note, bond, mortgage, indenture, Contract, License, permit, franchise or other instrument or obligation to which ARMEAU is a party
or by which ARMEAU or any of its respective assets and properties are bound or affected; or (d) a violation of, the terms or requirements
of, or give any Governmental Authority the right to revoke, withdraw, suspend, cancel, terminate or modify, any Licenses, permits,
authorizations, approvals, franchises or other rights held by ARMEAU or that otherwise relate to the business of, or any of the
properties or assets owned or used by, ARMEAU, except, in the case of clauses (b), (c) or (d), for any such contraventions, conflicts,
violations, or other occurrences as could not reasonably be expected to have a Material Adverse Effect on ARMEAU.

 

Section
5.5     Subsidiaries. Except as set forth in the SEC Reports, ARMEAU does not own, directly or indirectly, any equity or other
ownership interest in any corporation, partnership, joint venture or other entity or enterprise. There are no Contracts or other
obligations (contingent or otherwise) of ARMEAU to retire, repurchase, redeem or otherwise acquire any outstanding shares of capital
stock of, or other ownership interests in, any other Person or to provide funds to or make any investment (in the form of a loan,
capital contribution or otherwise) in any other Person.

 

Section
5.6    Organizational Documents. ARMEAU has delivered or made available to SANSAL and the Members a true
and correct copy of its Articles of Incorporation, Bylaws and any other organizational documents, each as amended, and each
such instrument is in full force and effect (the “ARMEAU Organizational Documents”). ARMEAU is not in
violation of any of the provisions of the ARMEAU Organizational Documents. The minute books (containing the records or
meetings of the shareholders, the board of directors and any committees of the board of directors), the stock certificate
books, and the stock record books of ARMEAU, each as provided or made available to the SANSAL, are correct and
complete.

 

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Section
5.7     Capitalization.

 

(a)     
The authorized and outstanding capitalization of ARMEAU is as set forth in the SEC Reports. Except as set forth in the SEC Reports,
no shares of capital stock or other voting securities of ARMEAU were issued, reserved for issuance or outstanding. All outstanding
shares of the capital stock of ARMEAU are, and all such shares that may be issued prior to the Closing Date will be when issued,
duly authorized, validly issued, fully paid and nonassessable, have been issued in accordance with all applicable Laws, including,
but not limited to, the Securities Act, and not subject to or issued in violation of any purchase option, call option, right of
first refusal, preemptive right, subscription right or any similar right under any provision of the Laws of the jurisdiction of
ARMEAU’s organization, the ARMEAU Organizational Documents or any Contract to which ARMEAU is a party or otherwise bound.
Except as set forth in the ARMEAU Reports, there are no any bonds, debentures, notes or other Indebtedness of ARMEAU having the
right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matters on which holders
of shares of common stock of may vote. Except as set forth in the SEC Reports, there are no options, warrants, rights, convertible
or exchangeable securities, “phantom” stock rights, stock appreciation rights, stock-based performance units, commitments,
Contracts, arrangements or undertakings of any kind to which ARMEAU is a party or by which it is bound (i) obligating ARMEAU to
issue, deliver or sell, or cause to be issued, delivered or sold, additional shares of capital stock or other equity interests
in, or any security convertible or exercisable for or exchangeable into any capital stock of or other equity interest in, ARMEAU;
(ii) obligating ARMEAU to issue, grant, extend or enter into any such option, warrant, call, right, security, commitment, Contract,
arrangement or undertaking; or (iii) that give any Person the right to receive any economic benefit or right similar to or derived
from the economic benefits and rights occurring to holders of the capital stock of ARMEAU. Except as set forth in the SEC Reports,
there are no outstanding Contracts or obligations of ARMEAU to repurchase, redeem or otherwise acquire any shares of capital stock
of ARMEAU. Except as set forth in the SEC Reports, there are no registration rights, proxies, voting trust agreements or other
agreements or understandings with respect to any class or series of any capital stock or other security of ARMEAU. The shareholder
list provided to the SANSAL and the Members is a current shareholder list generated by its stock transfer agent, and such list
accurately reflects all of the issued and outstanding shares of the ARMEAU Shares.

 

(b)    
The issuance of the ARMEAU Shares to the Members has been duly authorized and, upon issuance to the Members of certificates therefor
in accordance with the terms of this Agreement, the ARMEAU Shares will have been duly and validly issued, fully paid and nonassessable,
have the rights, preferences and privileges specified, will be free of preemptive rights and will be free and clear of all Liens
and restrictions, other than Liens created by the Members and restrictions on transfer imposed by this Agreement and the Securities
Act.

 

    19 

     

    

 

Section
5.8    Compliance with Laws. The business and operations of ARMEAU have been and are being conducted in accordance with all applicable
Laws and Orders. ARMEAU is not conflict with, or in default or violation of and, to the Knowledge of ARMEAU, is not under investigation
with respect to and has not been threatened to be charged with or given notice of any violation of or default under, any (a) Law,
rule, regulation, judgment or Order; or (b) note, bond, mortgage, indenture, Contract, License, permit, franchise or other instrument
or obligation to which ARMEAU is a party or by which ARMEAU or any of its respective assets and properties are bound or affected.
There is no agreement, judgment or Order binding upon ARMEAU which has, or could reasonably be expected to have, the effect of
prohibiting or materially impairing any business practice of ARMEAU or the conduct of business by ARMEAU as currently conducted.
ARMEAU has filed all forms, reports and documents required to be filed with any Governmental Authority and ARMEAU has made available
such forms, reports and documents to SANSAL and the Members As of their respective dates, such forms, reports and documents complied
in all material respects with the applicable requirements pertaining thereto and none of such forms, reports and documents contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which they were made, not misleading.

 

Section
5.9    Certain Proceedings. Except as set forth in the SEC Reports, there is no Action pending against, or to the Knowledge of
ARMEAU, threatened against or affecting, ARMEAU by any Governmental Authority or other Person with respect to ARMEAU or its business
or that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, any of the
transactions contemplated by this Agreement. ARMEAU, or to the Knowledge of ARMEAU, has not been a party to any material litigation
or, within the past two (2) years, the subject of any threat of material litigation (litigation shall be deemed “material”
if the amount at issue exceeds the lesser of $2,500 per matter or $10,000 in the aggregate). ARMEAU is not in violation of and,
to the Knowledge of ARMEAU, is not under investigation with respect to and has not been threatened to be charged with or given
notice of any violation of, any applicable Law, rule, regulation, judgment or Order. Neither ARMEAU nor any past or present director
or officer (in his or her capacity as such) or affiliate, is or has been the subject of any civil, criminal, or administrative
Action involving a claim or violation of or liability under federal or state securities laws or a claim of breach of fiduciary
duty. Neither ARMEAU nor any past or present director or officer (in his or her capacity as such) or affiliate, have any reason
to believe that they will be the subject of any civil, criminal, or administrative Action involving a claim or violation of or
liability under federal or state securities laws or a claim of breach of fiduciary duty. Neither ARMEAU nor any past or present
director or officer (in his or her capacity as such) or affiliate, have any reason to believe that they will be the subject of
any civil, criminal, or administrative Action brought by any federal or state agency.

 

Section
5.10  No Brokers or Finders. No Person has, or as a result of the transactions contemplated herein will have, any right or
valid claim against ARMEAU for any commission, fee or other compensation as a finder or broker, or in any similar capacity, based
upon arrangements made by or on behalf of ARMEAU, and ARMEAU will indemnify and hold SANSAL and the Member harmless against any
liability or expense arising out of, or in connection with, any such claim.

 

    20 

     

    

 

Section
5.11     Contracts. Except as disclosed in the SEC Reports, there are no Contracts that are material to
the business, properties, assets, condition (financial or otherwise), results of operations or prospects of ARMEAU. ARMEAU is
not in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice
would cause such a violation of or default under) any Contract to which it is a party or to which it or any of its properties
or assets is subject, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected
to result in a Material Adverse Effect of ARMEAU.

 

Section
5.12     Tax Matters.

 

(a)
          Tax Returns. ARMEAU has filed all Tax Returns required
to be filed (if any) by or on behalf of ARMEAU and has paid all Taxes of ARMEAU required to have been paid (whether or not reflected
on any Tax Return). No Governmental Authority in any jurisdiction has made a claim, assertion or threat to ARMEAU that ARMEAU
is or may be subject to taxation by such jurisdiction; there are no Liens with respect to Taxes on ARMEAU’s property or
assets; and there are no Tax rulings, requests for rulings, or closing agreements relating to ARMEAU for any period (or portion
of a period) that would affect any period after the date hereof.

 

(b)
         No Adjustments, Changes. Neither ARMEAU nor any other Person
on behalf of ARMEAU (i) has executed or entered into a closing agreement pursuant to Section 7121 of the Code or any predecessor
provision thereof or any similar provision of state, local or foreign law; or (ii) has agreed to or is required to make any adjustments
pursuant to Section 481(a) of the Code or any similar provision of state, local or foreign law.

 

(c)
          No Disputes. There is no pending audit, examination,
investigation, dispute, proceeding or claim with respect to any Taxes of ARMEAU, nor is any such claim or dispute pending or contemplated.
ARMEAU has delivered to the SANSAL true, correct and complete copies of all Tax Returns and examination reports and statements
of deficiencies assessed or asserted against or agreed to by ARMEAU, if any, since its inception and any and all correspondence
with respect to the foregoing.

 

(d)
         No Other Arrangements. ARMEAU is not a party to any Contract
or arrangement for services that would result, individually or in the aggregate, in the payment of any amount that would not be
deductible by reason of Section 162(m), 280G or 404 of the Code. ARMEAU is not a “consenting corporation” within the
meaning of Section 341(f) of the Code. ARMEAU does not have any “tax-exempt bond financed property” or “tax-exempt
use property” within the meaning of Section 168(g) or (h), respectively of the Code. ARMEAU does not have any outstanding
closing agreement, ruling request, request for consent to change a method of accounting, subpoena or request for information to
or from a Governmental Authority in connection with any Tax matter. During the last two years, ARMEAU has not engaged in any exchange
with a related party (within the meaning of Section 1031(f) of the Code) under which gain realized was not recognized by reason
of Section 1031 of the Code. SANSAL is not a party to any reportable transaction within the meaning of Treasury Regulation Section
1.6011-4.

 

    21 

     

    

 

Section
5.13      Title to Assets.           ARMEAU has
sufficient title to, or valid leasehold interests in, all of its properties and assets used in the conduct of its businesses.
All such assets and properties, other than assets and properties in which ARMEAU has leasehold interests, are free and clear of
all Liens, except for Liens that, in the aggregate, do not and will not materially interfere with the ability of ARMEAU to conduct
business as currently conducted.

 

Section
5.14      SEC Reports.

 

(a)
          ARMEAU has filed all reports, schedules, forms, statements and other
documents required to be filed by it with the SEC pursuant to the Exchange Act (the “SEC Reports”).

 

(b)
          As of their respective dates, the SEC Reports complied in all material
respects with the requirements of the Exchange Act and the rules and regulations of the SEC promulgated thereunder, and none of
the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material fact required to
be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made,
not misleading. All material Contracts to which ARMEAU is a party or to which the property or assets of ARMEAU are subject have
been filed as exhibits to or incorporated by reference in the SEC Reports and to the extent required under the Exchange Act, as
applicable. The financial statements of ARMEAU included in the SEC Reports comply in all respects with applicable accounting requirements
and the rules and regulations of the SEC with respect thereto as in effect at the time of filing, were prepared in accordance
with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto, or, in the
case of unaudited statements as permitted by Form 10-Q), and fairly present in all material respects (subject in the case of unaudited
statements, to normal, recurring audit adjustments) the financial position of ARMEAU as at the dates thereof and the results of
its operations and cash flows for the periods then ended. The disclosure set forth in the SEC Reports regarding ARMEAU’s
business is current and complete and accurately reflects operations of ARMEAU as it exists as of the date hereof.

 

Section
5.14      Listing and Maintenance Requirements. ARMEAU is, and has no reason to believe that it will
not in the foreseeable future continue to be, in compliance with the listing and maintenance requirements for continued listing
or quotation of the ARMEAU Shares on the Principal Market. The issuance of the ARMEAU Shares under this Agreement does not contravene
the rules and regulations of the Principal Market and no approval by the shareholders of ARMEAU is required for ARMEAU to issue
and deliver the ARMEAU Shares to the Members at Closing.

 

Section
5.15      Undisclosed Events. No event, Liability, development or circumstance has occurred or exists,
or is contemplated to occur with respect to ARMEAU, or its businesses, properties, prospects, operations or financial condition,
that would be required to be disclosed by ARMEAU under the Securities Act in a registration statement on Form S-1 filed with the
SEC relating to an issuance and sale by ARMEAU of its common stock and which has not been publicly announced.

 

    22 

     

    

 

ARTICLE
VI

POST
CLOSING COVENANTS

 

Section
6.1      General. In case at any time after the Closing any further action is necessary to carry
out the purposes of this Agreement, each of the Parties will take such further action (including the execution and delivery of
such further instruments and documents) as any other Party reasonably may request.

 

Section
6.2      Public Announcements. Within four (4) business days of the Closing Date, ARMEAU shall file
with the SEC a Form 8-K, describing the material terms of the transactions contemplated hereby. The Parties shall consult with
each other in issuing the Form 8-K and any press releases or otherwise making public statements or filings and other communications
with the SEC or any regulatory agency or stock market or trading facility with respect to the transactions contemplated hereby
and no Party shall issue any such press release or otherwise make any such public statement, filings or other communications without
the prior written consent of the other Parties, which consent shall not be unreasonably withheld or delayed, except that no prior
consent shall be required if such disclosure is required by Law, in which case the disclosing Party shall provide the other Parties
with prior notice of no less than three (3) calendar days, of such public statement, filing or other communication and shall incorporate
into such public statement, filing or other communication the reason incorporate into such public statement, filing or other communication
the reasonable comments of the other Parties.

 

ARTICLE
VII SURVIVAL; 

INDEMNIFICATION

 

Section
7.1      Survival. All representations, warranties, covenants, and obligations in this Agreement
shall survive the Closing, and for a period of one (1) year after which they shall be of no further force and effect, other than
those set forth in Sections 3.1, 3.2, 3.3, 3.4, 4.1, 4,2, 4.3, 4.4, 5.1, 5.2, 5.3 and 5.4, which shall survive indefinitely,
and those related to Tax Matters set forth in Sections 4.12 and 5.12, which shall survive until forty-five (45)
days after the expiration of applicable statutes of limitations. The right to indemnification, payment of damages or other remedy
based on such representations, warranties, covenants, and obligations will not be affected by any investigation conducted with
respect to, or any knowledge acquired (or capable of being acquired) at any time, whether before or after the execution and delivery
of this Agreement, with respect to the accuracy or inaccuracy of or compliance with, any such representation, warranty, covenant,
or obligation. The waiver of any condition based on the accuracy of any representation or warranty, or on the performance of or
compliance with any covenant or obligation, will not affect the right to indemnification, payment of damages, or other remedy
based on such representations, warranties, covenants, and obligations.

 

Section
7.2      Indemnification.

 

(a)
          From and after the execution of this Agreement, ARMEAU shall indemnify
and hold harmless the SANSAL Indemnified Parties, from and against any all costs or expenses (including attorneys’ fees),
judgments, fines, losses, claims, damages, liabilities and amounts paid in settlement (collectively, “Damages”)
arising, directly or indirectly, from or in connection with:

 

    23 

     

    

 

(i)
any breach (or alleged breach) of any representation or warranty made by ARMEAU in this Agreement or any Transaction Document
or in any certificate delivered by ARMEAU pursuant to this Agreement; or (ii) any breach (or alleged breach) by ARMEAU of any
covenant or obligation of ARMEAU in this Agreement or any Transaction Document required to be performed by ARMEAU on or prior
to the Closing Date or by ARMEAU after the Closing Date.

 

(b)
         From and after the execution of this Agreement, SANSAL and the Members,
severally and not jointly, shall indemnify and hold harmless the ARMEAU Indemnified Parties, from and against any all Damages
arising, directly or indirectly, from or in connection with: (i) any breach (or alleged breach) of any representation or warranty
made by SANSAL or the Member in this Agreement or any Transaction Document or in any certificate delivered by SANSAL or the Members
pursuant to this Agreement; or (ii) any breach (or alleged breach) by SANSAL or the Members of any covenant or obligation of SANSAL
or Members in this Agreement or any Transaction Document required to be performed by SANSAL or the Members on or prior to the
Closing Date or by SANSAL or the Members after the Closing Date.

 

Section
7.3      Matters Involving Third Parties. Promptly after the assertion of any claim by a third party
or occurrence of any event which may give rise to a claim for indemnification from an indemnifying party ("Indemnifying
Party") under this Article VII, an indemnified party ("Indemnified Party") shall notify the Indemnitor
in writing of such claim. The Indemnitor shall have the right to assume the control and defense of any such action (including,
but without limitation, tax audits), provided that the Indemnitee may participate in the defense of such action subject to the
Indemnitor's reasonable direction and at Indemnitee's sole cost and expense. The party contesting any such claim shall be furnished
all reasonable assistance in connection therewith by the other party and be given full access to all information relevant thereto.
In no event shall any such claim be settled without the Indemnitor's consent.

 

Section
7.4      Exclusive Remedy. The Parties acknowledge and agree that the indemnification provisions
in this Article VII shall be the exclusive remedies of the Parties with respect to the transactions contemplated by this
Agreement, other than for fraud and willful misconduct.

 

ARTICLE
VIII 

MISCELLANEOUS PROVISIONS

 

Section
8.1      Expenses. Except as otherwise expressly provided in this Agreement, each Party will bear
its respective expenses incurred in connection with the preparation, execution, and performance of this Agreement and the transactions
contemplated by this Agreement, including all fees and expenses of agents, representatives, counsel, and accountants. In the event
of termination of this Agreement, the obligation of each Party to pay its own expenses will be subject to any rights of such Party
arising from a breach of this Agreement by another Party.

 

    24 

     

    

Section
8.2      Confidentiality.

 

(a)
         The Parties will maintain in confidence, and will cause their respective
directors, officers, employees, agents, and advisors to maintain in confidence, any written, oral, or other information obtained
in confidence from another Person in connection with this Agreement or the transactions contemplated by this Agreement, unless
(i) such information is already known to such Party or to others not bound by a duty of confidentiality or such information becomes
publicly available through no fault of such Party; (ii) the use of such information is necessary or appropriate in making any
required filing with the SEC, or obtaining any consent or approval required for the consummation of the transactions contemplated
by this Agreement, or (iii) the furnishing or use of such information is required by or necessary or appropriate in connection
with legal proceedings.

 

(b)
          In the event that any Party is required to disclose any information
of another Person pursuant to clause (ii) or (iii) of Section 8.2(a) above, the Party requested or required
to make the disclosure (the “disclosing party”) shall provide the Person that provided such information (the
“providing party”) with prompt notice of any such requirement so that the providing party may seek a protective
Order or other appropriate remedy and/or waive compliance with the provisions of this Section 8.2. If, in the absence of
a protective Order or other remedy or the receipt of a waiver by the providing party, the disclosing party is nonetheless, in
the opinion of counsel, legally compelled to disclose the information of the providing party, the disclosing party may, without
liability hereunder, disclose only that portion of the providing party’s information which such counsel advises is legally
required to be disclosed, provided that the disclosing party exercises its reasonable efforts to preserve the confidentiality
of the providing party’s information, including, without limitation, by cooperating with the providing party to obtain an
appropriate protective Order or other relief assurance that confidential treatment will be accorded the providing party’s
information.

 

(c)
         If the transactions contemplated by this Agreement are not consummated,
each Party will return or destroy all of such written information each party has regarding the other Parties.

 

Section
8.3      Notices. All notices, demands, consents, requests, instructions and other communications to be given or delivered or permitted
under or by reason of the provisions of this Agreement or in connection with the transactions contemplated hereby shall be in
writing and shall be deemed to be delivered and received by the intended recipient as follows: (a) if personally delivered, on
the Business Day of such delivery (as evidenced by the receipt of the personal delivery service); (b) if mailed by certified mail,
return receipt requested, two (2) Business Days after being mailed; or (c) if delivered by overnight courier (with all charges
having been prepaid), on the Business Day of such delivery (as evidenced by the receipt of the overnight courier service of recognized
standing. If any notice, demand, consent, request, instruction or other communication cannot be delivered because of a changed
address of which no notice was given (in accordance with this Section 8.3), or the refusal to accept same, the notice,
demand, consent, request, instruction or other communication shall be deemed received on the second business day the notice is
sent (as evidenced by a sworn affidavit of the sender). All such notices, demands, consents, requests, instructions and other
communications will be sent to the following addresses or facsimile numbers as applicable:

 

    25 

     

    

 

	If to ARMEAU, to:	6610 North University Drive,
    Suite 200
	 	Tamarac, FL 33321
	 	Attention: President
	 	 
	If to SANSAL or the Members,	 
	to: 	8648 Lake Davis Rd
	 	Pueblo, CO 81005
	 	Attention: Manager

 

or
such other address as shall be furnished in writing by any Party in the manner for giving notices hereunder.

 

Section
8.4      Further Assurances. The Parties agree (a) to furnish upon request to each other such further
information; (b) to execute and deliver to each other such other documents; and (c) to do such other acts and things, all as the
other Parties may reasonably request for the purpose of carrying out the intent of this Agreement and the documents referred to
in this Agreement.

 

Section
8.5      Waiver. The rights and remedies of the Parties are cumulative and not alternative. Neither
the failure nor any delay by any Party in exercising any right, power, or privilege under this Agreement or the documents referred
to in this Agreement will operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such
right, power, or privilege will preclude any other or further exercise of such right, power, or privilege or the exercise of any
other right, power, or privilege. To the maximum extent permitted by applicable Law, (a) no claim or right arising out of this
Agreement or the documents referred to in this Agreement can be discharged by one Party, in whole or in part, by a waiver or renunciation
of the claim or right unless in writing signed by the other Parties; (b) no waiver that may be given by a Party will be applicable
except in the specific instance for which it is given; and (c) no notice to or demand on one Party will be deemed to be a waiver
of any obligation of such Party or of the right of the Party giving such notice or demand to take further action without notice
or demand as provided in this Agreement or the documents referred to in this Agreement.

 

Section
8.6      Entire Agreement and Modification. This Agreement supersedes all prior agreements between
the Parties with respect to its subject matter and constitutes (along with the documents referred to in this Agreement) a complete
and exclusive statement of the terms of the agreement between the Parties with respect to its subject matter. This Agreement may
not be amended except by a written agreement executed by the Party against whom the enforcement of such amendment is sought.

 

Section
8.7      Assignments, Successors, and No Third-Party Rights. No Party may assign any of its rights
under this Agreement without the prior consent of the other Parties. Subject to the preceding sentence, this Agreement will apply
to, be binding in all respects upon, and inure to the benefit of and be enforceable by the respective successors and permitted
assigns of the Parties.

 

    26 

     

    

 

Section
8.8      Severability. If any provision of this Agreement is held invalid or unenforceable by any
court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect. Any provision of
this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held
invalid or unenforceable.

 

Section
8.9     Section Headings. The headings of Articles and Sections in this Agreement are provided for
convenience only and will not affect its construction or interpretation. All references to “Article” or “Articles”
or “Section” or “Sections” refer to the corresponding Article or Articles or Section or
Sections of this Agreement, unless the context indicates otherwise.

 

Section
8.10  Construction. The Parties have participated jointly in the negotiation and drafting of this Agreement. In the event an
ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties
and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the authorship of any of the
provisions of this Agreement. Any reference to any federal, state, local, or foreign statute or Law shall be deemed also to refer
to all rules and regulations promulgated thereunder, unless the context requires otherwise. Unless otherwise expressly provided,
the word “including” shall mean including without limitation. The Parties intend that each representation, warranty,
and covenant contained herein shall have independent significance. If any Party has breached any representation, warranty, or
covenant contained herein in any respect, the fact that there exists another representation, warranty, or covenant relating to
the same subject matter (regardless of the relative levels of specificity) which the Party has not breached shall not detract
from or mitigate the fact that the Party is in breach of such representation, warranty, or covenant. All words used in this Agreement
will be construed to be of such gender or number as the circumstances require.

 

Section
8.11   Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed to
be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement.
In the event that any signature is delivered by facsimile transmission, electronic delivery, or by e-mail delivery of a “.pdf”
format data file, such signature shall create a valid and binding obligation of the Party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile, electronic copy, or “.pdf” signature page were an
original thereof.

 

    27 

     

    

 

Section
8.12   Governing Law; Submission to Jurisdiction; Attorneys’ Fees. This Agreement shall be governed by and
construed in accordance with the Laws of the State of Florida, without regard to conflicts of Laws principles. Each of the Parties
submits to the jurisdiction of any state or federal court sitting in the State of Florida, Miami-Dade County, in any action or
proceeding arising out of or relating to this Agreement and agrees that all claims in respect of the action or proceeding may
be heard and determined in any such court. Each of the Parties waives any defense of inconvenient forum to the maintenance of
any action or proceeding so brought and waives any bond, surety, or other security that might be required of any other Party with
respect thereto. Any Party may make service on any other Party by sending or delivering a copy of the process to the Party to
be served at the address and in the manner provided for the giving of notices in Section 8.3 above. Nothing in this Section
8.3, however, shall affect the right of any Party to serve legal process in any other manner permitted by Law or at equity.
Each Party agrees that a final judgment in any action or proceeding so brought shall be conclusive and may be enforced by suit
on the judgment or in any other manner provided by Law or at equity. In any action brought to interpret to enforce this Agreement,
the prevailing Party or Parties shall be entitled to recover all cost related thereto from the non-prevailing Party or Parties,
including attorneys’ fees and costs at both the trial and appellate levels.

 

Section
8.13 Waiver of Jury Trial. EACH OF THE PARTIES HEREBY IRREVOCABLY WANES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

[SIGNATURE
PAGESFOLLOW]

 

    28 

     

    

 

IN
WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the date first above written.

	 	 	 
	 	ARMEAU:
	 	 
	 	ARMEAU BRANDS, INC.
	 	 	 
	 	By:	/s/ Jaitegh
    Singh 
	 	 	Jaitegh Singh, President

	 	 	 
	 	SANSAL:
	 	 
	 	271 LAKE DAVIS HOLDINGS, LLC D/B/A
    SANSAL
	 	 	 
	 	By:	/s/ Alexander
    Salgado 
	 	 	Alexander Salgado, Manager

	 	 	 
	 	THE MEMBERS:
	 	 	 
	 	/s/
    Alexander M. Salgado
	 	Alexander M. Salgado
	 	 	 
	 	/s/
    Erduis Sanabria
	 	Erduis Sanabria

	 	 
	 	YCA HOLDINGS, LLC
	 	 	 
	 	By:	/s/ Yeylys
    Cabrera
	 	 	Name: Yeylys Cabrera
	 	 	Title: CEO

	 	 
	 	YM LIMITED INVESTMENTS LLC
	 	 	 
	 	By:	/s/ Yenier
    Mirabales
	 	 	Name:Yenier Mirabales
	 	 	Title: Manager

 

[SIGNATURES
CONTINUE ON FOLLOWING PAGE]

 

    29 

     

    

 

	 	 
	 	VELIZ INVESTMENTS GROUP, LLC
	 	 	 
	 	By:	/s/ Victor
    Veliz 
	 	 	Name: Victor Veliz
	 	 	Title: Manager
	 	 	 
	 	/s/
    Edi Israelov
	 	Edi Israelov
	 	 
	 	/s/
    Alejandro Osorio
	 	Alejandro Osorio
	 	 
	 	/s/
    Etniel Sanabria
	 	Etniel Sanabria
	 	 
	 	/s/
    Henry Yanez
	 	Henry Yanez
	 	 
	 	/s/
    Joseph Michael Urciuoli
	 	Joseph Michael Urciuoli

	 	 
	 	CFO VENTURES, INC.
	 	 	 
	 	By:	/s/ Oscar
    Ferreira 
	 	 	Name: Oscar Ferreira
	 	 	Title: President

	 	 
	 	AL UNLIMITED INVESTMENT, INC.
	 	 	 
	 	By:	/s/ Alexander
    Polanco 
	 	 	Name: Alexander Polanco
	 	 	Title: President

	 	 
	 	MENENDEZ INVESTMENTS, LLC
	 	 	 
	 	By:	/s/ Rosa
    Menendez 
	 	 	Name: Rosa Menendez
	 	 	Title: President

  

[SIGNATURES
CONTINUE ON FOLLOWING PAGE]

 

    30 

     

    

 

	 	 
	 	CAO INVESTMENT GROUP, LLC
	 	 	 
	 	By:	/s/ Erik
    Cao 
	 	 	Name: Erik Cao
	 	 	Title: Manager
	 	 	 
	 	/s/
    Faullin Marshall Paletsky
	 	Faullin Marshall Paletsky
	 	 
	 	/s/
    Brenna Leigh Steinberg
	 	Brenna Leigh Steinberg

	 	 
	 	7 MILE INVESTMENTS, LLC
	 	 	 
	 	By:	/s/ Francisco
    Valcarce 
	 	 	Name: Francisco Valcarce
	 	 	Title: President

	 	 
	 	R & J QUALITY INVESTMENTS, LLC
	 	 	 
	 	By:	 /s/ 
	 	 	Name:
	 	 	Title:

	 	 
	 	RUMAR INVESTMENTS, LLC
	 	 	 
	 	By:	/s/ Maricela
    Nicolas 
	 	 	Name: Maricela Nicolas
	 	 	Title: President/Manager
	 	 	 
	 	/s/
    Jesus Muley Pratts
	 	Jesus Muley Pratts

	 	 
	 	NEW DAYS INVESTMENTS LLC
	 	 	 
	 	By:	/s/ Miguel
    Lopez 
	 	 	Name: Miguel Lopez
	 	 	Title: Manager

 

    31 

     

    

 

	 	 
	 	DIAZ & ASSOCIATES INVESTMENTS
    LLC
	 	 	 
	 	By:	/s/ Elizabeth
    Diaz 
	 	 	Name: Elizabeth Diaz
	 	 	Title: Manager

	 	 
	 	e5 HOLDINGS I, LLC
	 	 	 
	 	By:	/s/ Manuel
    Enriquez 
	 	 	Name: Manuel Enriquez
	 	 	Title: Manager

 

    32 

     

    

 

EXHIBIT
A

 

	The
    Members
	 	 	 	 	 
	Name
    of Member	 	SANSAL
    Interest (%)    	 	Number
    of Armeau Shares
	 	 	 	 	 
	Alexander
    M. Salgado	 	12.1375	 	946,725
	 	 	 	 	 
	Erduis
    Sanabria	 	12.1375	 	946,725
	 	 	 	 	 
	YCA
    Holdings, LLC	 	5.0	 	390,000
	 	 	 	 	 
	YM Limited
    Investments LLC	 	2.0	 	156,000
	 	 	 	 	 
	Veliz
    Investments Group, LLC	 	7.5	 	585,000
	 	 	 	 	 
	Edi
    Israelov	 	7.0	 	546,000
	 	 	 	 	 
	Alejandro
    Osorio	 	0.375	 	29,250
	 	 	 	 	 
	Etniel
    Sanabria	 	5.05	 	393,900
	 	 	 	 	 
	Henry
    Yanez	 	0.875	 	68,250
	 	 	 	 	 
	Joseph
    Michael Urciuoli	 	0.325	 	25,350
	 	 	 	 	 
	CFO
    Ventures, Inc.	 	5.0	 	390,000
	 	 	 	 	 
	AL Unlimited
    Investment, Inc.	 	5.0	 	390,000
	 	 	 	 	 
	Menendez
    Investments, LLC	 	1.0	 	78,000
	 	 	 	 	 
	CAO
    Investment Group, LLC	 	4.0	 	312,000
	 	 	 	 	 
	Faullin
    Marshall Paletsky and Brenna
    Leigh Steinberg JT	 	3.5	 	273,000
	 	 	 	 	 
	7 Mile
    Investments, LLC	 	10.0	 	780,000
	 	 	 	 	 
	R&J
    Quality Investments, LLC	 	2.5	 	195,000
	 	 	 	 	 
	Rumar
    Investments, LLC	 	4.0	 	312,000
	 	 	 	 	 
	Jesus
    Muley Pratts	 	0.1	 	7,800

 

    33 

     

    

 

	Name
    of Member	 	SANSAL
    Interest (%)	 	Number
    of Armeau Shares
	 	 	 	 	 
	New
    Days Investments LLC	 	3.0	 	234,000
	 	 	 	 	 
	Diaz
    & Associates Investments, LLC	 	4.5	 	351,000
	 	 	 	 	 
	e5 Holdings
    I, LLC	 	5.0	 	390,000

 

    34

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