Document:

LIMITED
LIABILITY COMPANY OPERATNG AGREEMENT

 

among

 

SEASONS
CREEK DEVELOPMENT, LLC

 

and

 

THE
MEMBERS NAMED HEREIN

 

dated
as of

 

December
10, 2015

 

    	 

    	 	 	 

    

 

TABLE
OF CONTENTS

 

	Article
    I Definitions	1
	 	 
	Section
    1.01 Definitions.	1
	Section
    1.02 Interpretation.	16
	 	 
	Article
    II Organization	17
	 	 
	Section
    2.01 Formation.	17
	Section
    2.02 Name.	17
	Section
    2.03 Principal Office.	17
	Section
    2.04 Registered Office; Registered Agent.	17
	Section
    2.05 Purpose; Powers.	17
	Section
    2.06 Term.	17
	Section
    2.07 No State-Law Partnership.	18
	 	 
	Article
    III Units	18
	 	 
	Section
    3.01 Units Generally.	18
	Section
    3.02 Authorization and Issuance of Preferred Units.	18
	Section
    3.03 Authorization and Issuance of Common Units.	19
	Section
    3.04 Authorization and Issuance of Incentive Units.	19
	Section
    3.05 Other Issuances.	19
	Section
    3.06 Certification of Units.	19
	 	 
	Article
    IV Members	19
	 	 
	Section
    4.01 Admission of New Members.	19
	Section
    4.02 Representations and Warranties of Members.	20
	Section
    4.03 No Personal Liability.	21
	Section
    4.04 No Withdrawal.	21
	Section
    4.05 Death.	21
	Section
    4.06 Voting.	21
	Section
    4.07 Meetings.	22
	Section
    4.08 Quorum.	23
	Section
    4.09 Action Without Meeting.	24

 

    	i

    	 	 	 

    

 

	Section
    4.10 Power of Members.	24
	Section
    4.11 No Interest in Company Property.	24
	 	 
	Article
    V Capital Contributions; Capital Accounts	24
	 	 
	Section
    5.01 Initial Capital Contributions.	24
	Section
    5.02 Additional Capital Contributions.	24
	Section
    5.03 Maintenance of Capital Accounts.	25
	Section
    5.04 Succession Upon Transfer.	25
	Section
    5.05 Negative Capital Accounts.	25
	Section
    5.06 No Withdrawal.	25
	Section
    5.07 Treatment of Loans From Members.	26
	Section
    5.08 Modifications.	26
	 	 
	Article
    VI Allocations	26
	 	 
	Section
    6.01 Allocation of Net Income and Net Loss.	26
	Section
    6.02 Regulatory and Special Allocations.	26
	Section
    6.03 Tax Allocations.	27
	Section
    6.04 Allocations in Respect of Transferred Units.	28
	Section
    6.05 Curative Allocations.	28
	 	 
	Article
    VII Distributions	29
	 	 
	Section
    7.01 General.	29
	Section
    7.02 Priority of Distributions.	29
	Section
    7.03 Limitations on Distributions to Incentive Units.	30
	Section
    7.04 Tax Advances.	30
	Section
    7.05 Tax Withholding; Withholding Advances.	31
	Section
    7.06 Distributions in Kind.	33
	 	 
	Article
    VIII Management	33
	 	 
	Section
    8.01 Establishment of the Board.	33
	Section
    8.02 Board Composition; Vacancies.	33
	Section
    8.03 Removal; Resignation.	34
	Section
    8.04 Meetings.	35
	Section
    8.05 Quorum; Manner of Acting.	35

 

    	ii

    	 	 	 

    

 

	Section
    8.06 Action By Written Consent.	36
	Section
    8.07 Compensation; No Employment.	36
	Section
    8.08 Committees.	36
	Section
    8.09 Officers.	37
	Section
    8.10 No Personal Liability.	37
	 	 
	Article
    IX Pre-emptive and Conversion Rights	37
	 	 
	Section
    9.01 Pre-emptive Right.	37
	 	 
	Article
    X Transfer	40
	 	 
	Section
    10.01 General Restrictions on Transfer.	40
	Section
    10.02 Permitted Transfers.	42
	Section
    10.03 Right of First Refusal.	43
	Section
    10.04 Drag-along Rights.	48
	Section
    10.05 Tag-along Rights.	50
	Section
    10.06 Incentive Units Call Right.	53
	Section
    10.07 Incentive Units Put Right.	55
	 	 
	Article
    XI Covenants	57
	 	 
	Section
    11.01 Confidentiality.	57
	Section
    11.02 Non-compete; Non-solicit.	58
	 	 
	Article
    XII Accounting; Tax Matters	60
	 	 
	Section
    12.01 Financial Statements.	60
	Section
    12.02 Inspection Rights.	60
	Section
    12.03 Budget.	61
	Section
    12.04 Tax Matters Member.	61
	Section
    12.05 Tax Returns.	62
	Section
    12.06 Company Funds.	62
	 	 
	Article
    XIII Dissolution and Liquidation	62
	 	 
	Section
    13.01 Events of Dissolution.	62
	Section
    13.02 Effectiveness of Dissolution.	63
	Section
    13.03 Liquidation.	63
	Section
    13.04 Cancellation of Certificate.	64

 

    	iii

    	 	 	 

    

 

	Section
    13.05 Survival of Rights, Duties and Obligations.	64
	Section
    13.06 Recourse for Claims.	64
	 	 
	Article
    XIV Exculpation and Indemnification	64
	 	 
	Section
    14.01 Exculpation of Covered Persons.	64
	Section
    14.02 Liabilities and Duties of Covered Persons.	65
	Section
    14.03 Indemnification.	66
	Section
    14.04 Survival.	67
	 	 
	Article
    XV Miscellaneous	68
	 	 
	Section
    15.01 Expenses.	68
	Section
    15.02 Further Assurances.	68
	Section
    15.03 Notices.	68
	Section
    15.04 Headings.	69
	Section
    15.05 Severability.	69
	Section
    15.06 Entire Agreement.	69
	Section
    15.07 Successors and Assigns.	70
	Section
    15.08 No Third-party Beneficiaries.	70
	Section
    15.09 Amendment.	70
	Section
    15.10 Waiver.	70
	Section
    15.11 Governing Law.	71
	Section
    15.12 Submission to Jurisdiction.	71
	Section
    15.13 Waiver of Jury Trial.	71
	Section
    15.14 Equitable Remedies.	71
	Section
    15.15 Attorneys’ Fees.	72
	Section
    15.16 Remedies Cumulative.	72
	Section
    15.17 Initial Public Offering.	72
	Section
    15.18 Counterparts.	73

 

    	iv

    	 	 	 

    

 

LIMITED
LIABILITY COMPANY AGREEMENT

 

This
Limited Liability Company Operating Agreement of Seasons Creek Development LLC, a Virginia limited liability company (the “Company”),
is entered into as of December 10, 2015, by and among the Company, the Initial Members executing this Agreement as of the date
hereof and each other Person who after the date hereof becomes a Member of the Company and becomes a party to this Agreement by
executing a Joinder Agreement.

 

RECITALS

 

WHEREAS,
the Company was formed under the laws of the Commonwealth of Virginia by the filing of Articles of Organization with the Secretary
of State of the Commonwealth of Virginia on December 1, 2015 (the “Articles of Organization”);

 

WHEREAS,
the Members now desire to state their respective rights, duties, obligations, and responsibilities, and future equity distribution
resulting from the operation of the Company.

 

NOW,
THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

Article
I

Definitions

 

Section
1.01 Definitions. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in this Section
1.01:

 

“Acceptance
Notice” has the meaning set forth in Section 9.01(d).

 

“Adjusted
Capital Account Deficit” means, with respect to any Member, the deficit balance, if any, in such Member’s Capital
Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments:

 

(a)
crediting to such Capital Account any amount which such Member is obligated to restore or is deemed to be obligated to restore
pursuant to Treasury Regulations Sections 1.704-1(b)(2)(ii)(c), 1.704-2(g)(1) and 1.704-2(i); and

 

(b)
debiting to such Capital Account the items described in Treasury Regulation Section 1.704-1(b)(2)(ii)(d)(4), (5)
and (6).

 

“Adjusted
Taxable Income” of a Member for a Fiscal Year (or portion thereof) with respect to Units held by such Member means the
federal taxable income allocated by the Company to the Member with respect to such Units (as adjusted by any final determination
in connection with any tax audit or other proceeding) for such Fiscal Year (or portion thereof); provided, that such taxable
income shall be computed (i) minus any excess taxable loss or excess taxable credits of the Company for any prior period allocable
to such Member with respect to such Units that were not previously taken into account for purposes of determining such Member’s
Adjusted Taxable Income in a prior Fiscal Year to the extent such loss or credit would be available under the Code to offset income
of the Member (or, as appropriate, the direct or indirect members of the Member) determined as if the income, loss, and credits
from the Company were the only income, loss, and credits of the Member (or, as appropriate, the direct or indirect members of
the Member) in such Fiscal Year and all prior Fiscal Years, and (ii) taking into account any special basis adjustment with respect
to such Member resulting from an election by the Company under Code Section 754.

 

    	 

    	 	 	 

    

 

“Affiliate”
means, with respect to any Person, any other Person who, directly or indirectly (including through one or more intermediaries),
controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control,”
when used with respect to any specified Person, shall mean the power, direct or indirect, to direct or cause the direction of
the management and policies of such Person, whether through ownership of voting securities or partnership or other ownership interests,
by contract or otherwise; and the terms “controlling” and “controlled” shall have correlative meanings.

 

“Agreement”
means this Amended and Restated Limited Liability Company Agreement, as executed and as it may be amended, modified, supplemented
or restated from time to time, as provided herein.

 

“Applicable
Law” means all applicable provisions of (a) constitutions, treaties, statutes, laws (including the common law), rules,
regulations, decrees, ordinances, codes, proclamations, declarations or orders of any Governmental Authority; (b) any consents
or approvals of any Governmental Authority; and (c) any orders, decisions, advisory or interpretative opinions, injunctions, judgments,
awards, decrees of, or agreements with, any Governmental Authority.

 

“Applicable
Offered Common Units” has the meaning set forth in Section 10.03(a)(ii).

 

“Applicable
Offered Preferred Units” has the meaning set forth in Section 10.03(a)(ii).

 

“Applicable
Offered Units” has the meaning set forth in Section 10.03(a)(ii).

 

“Applicable
Pro Rata Portion” means:

 

(a)
for purposes of Article IX, a Member’s Preferred Pro Rata Portion of any New Preferred Securities proposed to be
issued or sold by the Company and a Member’s Common Pro Rata Portion of any New Common Securities proposed to be issued
or sold by the Company; and

 

(b)
for purposes of Section 10.03, a Member’s Preferred Pro Rata Portion of any Offered Preferred Units proposed to be
Transferred by an Offering Member and a Member’s Common Pro Rata Portion of any Offered Common Units proposed to be Transferred
by an Offering Member.

 

    	2

    	 	 	 

    

 

“Applicable
ROFR Rightholders” has the meaning set forth in Section 10.03(a)(ii).

 

“Award
Agreements” has the meaning set forth in Error! Reference source not found..

 

“Bankruptcy”
means, with respect to a Member, the occurrence of any of the following: (a) the filing of an application by such Member for,
or a consent to, the appointment of a trustee of such Member’s assets; (b) the filing by such Member of a voluntary petition
in bankruptcy or the filing of a pleading in any court of record admitting in writing such Member’s inability to pay its
debts as they come due; (c) the making by such Member of a general assignment for the benefit of such Member’s creditors;
(d) the filing by such Member of an answer admitting the material allegations of, or such Member’s consenting to, or defaulting
in answering a bankruptcy petition filed against such Member in any bankruptcy proceeding; or (e) the expiration of sixty (60)
days following the entry of an order, judgment or decree by any court of competent jurisdiction adjudicating such Member a bankrupt
or appointing a trustee of such Member’s assets.

 

“Board”
has the meaning set forth in Section 8.01.

 

“Book
Depreciation” means, with respect to any Company asset for each Fiscal Year, the Company’s depreciation, amortization,
or other cost recovery deductions determined for federal income tax purposes, except that if the Book Value of an asset differs
from its adjusted tax basis at the beginning of such Fiscal Year, Book Depreciation shall be an amount which bears the same ratio
to such beginning Book Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such Fiscal
Year bears to such beginning adjusted tax basis; provided, that if the adjusted basis for federal income tax purposes of
an asset at the beginning of such Fiscal Year is zero and the Book Value of the asset is positive, Book Depreciation shall be
determined with reference to such beginning Book Value using any permitted method selected by the Board in accordance with Treasury
Regulation Section 1.704-1(b)(2)(iv)(g)(3).

 

“Book
Value” means, with respect to any Company asset, the adjusted basis of such asset for federal income tax purposes, except
as follows:

 

(a)
the initial Book Value of any Company asset contributed by a Member to the Company shall be the gross Fair Market Value of such
Company asset as of the date of such contribution;

 

(b)
immediately prior to the Distribution by the Company of any Company asset to a Member, the Book Value of such asset shall be adjusted
to its gross Fair Market Value as of the date of such Distribution;

 

(c)
the Book Value of all Company assets shall be adjusted to equal their respective gross Fair Market Values, as determined by the
Board, as of the following times:

 

    	3

    	 	 	 

    

 

(i)
the acquisition of an additional Membership Interest in the Company by a new or existing Member in consideration of a Capital
Contribution of more than a de minimis amount;

 

(ii)
the Distribution by the Company to a Member of more than a de minimis amount of property (other than cash) as consideration
for all or a part of such Member’s Membership Interest in the Company;

 

(iii)
the grant to a Service Provider of any Incentive Units; and

 

(iv)
the liquidation of the Company within the meaning of Treasury Regulation Section 1.704-1(b)(2)(ii)(g);

 

provided,
that adjustments pursuant to clauses (i), (ii) and (iii) above need not be made if the Board reasonably determines that such adjustment
is not necessary or appropriate to reflect the relative economic interests of the Members and that the absence of such adjustment
does not adversely and disproportionately affect any Member;

 

(d)
the Book Value of each Company asset shall be increased or decreased, as the case may be, to reflect any adjustments to the adjusted
tax basis of such Company asset pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments
are taken into account in determining Capital Account balances pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m);
provided, that Book Values shall not be adjusted pursuant to this paragraph (d) to the extent that an adjustment pursuant
to paragraph (c) above is made in conjunction with a transaction that would otherwise result in an adjustment pursuant to this
paragraph (d); and

 

(e)
if the Book Value of a Company asset has been determined pursuant to paragraph (a) or adjusted pursuant to paragraphs (c) or (d)
above, such Book Value shall thereafter be adjusted to reflect the Book Depreciation taken into account with respect to such Company
asset for purposes of computing Net Income and Net Losses.

 

“Budget”
has the meaning set forth in Section 12.03.

 

“Business
Day” means a day other than a Saturday, Sunday or other day on which commercial banks in the City of New York are authorized
or required to close.

 

“Call
Purchase Price” means the Cause Purchase Price or Fair Market Value, as applicable pursuant to Section 10.06(a).

 

“Capital
Account” has the meaning set forth in Section 5.03.

 

“Capital
Contribution” means, for any Member, the total amount of cash and cash equivalents and the Book Value of any property
contributed to the Company by such Member.

 

“Cause,”
with respect to any particular Service Provider, has the meaning set forth in any effective Award Agreement, employment agreement
or other written contract of engagement entered into between the Company and such Service Provider, or if none, then “Cause”
means any of the following:

 

    	4

    	 	 	 

    

 

(a)
such Person’s repeated failure to perform substantially his duties to the Company or any of the Company Subsidiaries (other
than any such failure resulting from his Disability) which failure, whether committed willfully or negligently, has continued
unremedied for more than thirty (30) days after the Company has provided written notice thereof; provided, that a failure
to meet financial performance expectations shall not, by itself, constitute a failure by the Service Provider to substantially
perform his duties;

 

(b)
such Person’s fraud or embezzlement;

 

(c)
such Person’s material dishonesty or breach of fiduciary duty against the Company or any of the Company Subsidiaries;

 

(d)
such Person’s willful misconduct or gross negligence which is injurious to the Company or any of the Company Subsidiaries;

 

(e)
any conviction of, or the entering of a plea of guilty or nolo contendere to, a crime that constitutes a felony (or any
state-law equivalent) or that involves moral turpitude, or any willful or material violation by such Person of any federal, state
or foreign securities laws;

 

(f)
any conviction of any other criminal act or act of material dishonesty, disloyalty or misconduct by such Person that has a material
adverse effect on the property, operations, business or reputation of the Company or any of the Company Subsidiaries;

 

(g)
the unlawful use (including being under the influence) or possession of illegal drugs by such Person on the premises of the Company
or any of the Company Subsidiaries while performing any duties or responsibilities with the Company or any of the Company Subsidiaries;

 

(h)
the material violation by such Person of any rule or policy of the Company or any of the Company Subsidiaries; or

 

(i)
the material breach by such Person of any covenant undertaken in Article XI herein, any effective Award Agreement, employment
agreement or any written non-disclosure, non-competition, or non-solicitation covenant or agreement with the Company or any of
the Company Subsidiaries.

 

“Cause
Purchase Price” has the meaning set forth in Section 10.06(a)(i).

 

“Articles
of Organization” has the meaning set forth in the Recitals.

 

“Change
of Control” means: (a) the sale of all or substantially all of the consolidated assets of the Company and the Company
Subsidiaries to a Third Party Purchaser; (b) a sale resulting in no less than a majority of the Common Units on a Fully Diluted
Basis being held by a Third Party Purchaser; or (c) a merger, consolidation, recapitalization or reorganization of the Company
with or into a Third Party Purchaser that results in the inability of the Members to designate or elect a majority of the Managers
(or the board of directors (or its equivalent) of the resulting entity or its parent company).

 

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

 

“Common
Pro Rata Portion” means:

 

    	5

    	 	 	 

    

 

(a)
for purposes of Article IX, with respect to any Pre-emptive Member holding Common Units, on any issuance date for New Common
Securities, a fraction determined by dividing (i) the number of Common Units on a Fully Diluted Basis owned by such Pre-emptive
Member immediately prior to such issuance by (ii) the total number of Common Units on a Fully Diluted Basis held by the Members
on such date immediately prior to such issuance; and

 

(b)
for purposes of Section 10.03, with respect to an Applicable ROFR Rightholder holding Common Units, on any date of a proposed
Transfer by an Offering Member, a fraction determined by dividing (i) the number of Common Units on a Fully Diluted Basis owned
by such Applicable ROFR Rightholder immediately prior to such Transfer by (ii) the total number of Common Units on a Fully Diluted
Basis held by the Members on such date immediately prior to such Transfer.

 

“Common
Tag-along Portion” has the meaning set forth in Section 10.05(d)(i).

 

“Common
Majority Unitholders” means the holder or holders of at least 2/3rd of the outstanding Preferred Units.

 

“Common
Units” means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with
respect to “Common Units” in this Agreement.

 

“Company”
has the meaning set forth in the Preamble.

 

“Company
Interest Rate” has the meaning set forth in Section 7.05(c).

 

“Company
Minimum Gain” means “partnership minimum gain” as defined in Section 1.704-2(b)(2) of the Treasury Regulations,
substituting the term “Company” for the term “partnership” as the context requires.

 

“Company
Option Period” has the meaning set forth in Section 10.03(d)(iii).

 

“Company
ROFR Exercise Notice” has the meaning set forth in Section 10.03(d)(iii).

 

“Company
Subsidiary” means a Subsidiary of the Company.

 

“Competitor”
has the meaning set forth in Section 11.02(a).

 

“Confidential
Information” has the meaning set forth in Section 11.01(a).

 

“Covered
Person” has the meaning set forth in Section 14.01(a).

 

“Delay
Condition” means any of the following conditions: (a) the Company is prohibited from purchasing any Incentive Units
by any Financing Document or by Applicable Law; (b) a default has occurred under any Financing Document and is continuing; (c)
the purchase of any Incentive Units would, or in the good-faith opinion of the Board could, result in the occurrence of an event
of default under any Financing Document or create a condition that would or could, with notice or lapse of time or both, result
in such an event of default; or (d) the purchase of any Incentive Units would, in the good-faith opinion of the Board, be imprudent
in view of the financial condition of the Company, the anticipated impact of the purchase of such Incentive Units on the Company’s
ability to meet its obligations under any Financing Document or otherwise in connection with its business and operations.

 

    	6

    	 	 	 

    

 

“Disability,”
with respect to any Service Provider, has the meaning set forth in any effective Award Agreement, employment agreement or other
written contract of engagement entered into between the Company and such Service Provider, or if none, then “Disability”
means such Service Provider’s incapacity due to physical or mental illness that: (a) shall have prevented such Service Provider
from performing his duties for the Company or any of the Company Subsidiaries on a full-time basis for more than ninety (90) or
more consecutive days or an aggregate of one hundred eighty (180) days in any 365-day period; or (b)(i) the Board determines,
in compliance with Applicable Law, is likely to prevent such Service Provider from performing such duties for such period of time
and (ii) thirty (30) days have elapsed since delivery to such Service Provider of the determination of the Board and such Service
Provider has not resumed such performance (in which case the date of termination in the case of a termination for “Disability”
pursuant to this clause (b) shall be deemed to be the last day of such 30-day period).

 

“Distribution”
means a distribution made by the Company to a Member, whether in cash, property or securities of the Company and whether by liquidating
distribution or otherwise; provided, that none of the following shall be a Distribution: (a) any redemption or repurchase
by the Company or any Member of any Units or Unit Equivalents; (b) any recapitalization or exchange of securities of the Company;
(c) any subdivision (by a split of Units or otherwise) or any combination (by a reverse split of Units or otherwise) of any outstanding
Units; or (d) any fees or remuneration paid to any Member in such Member’s capacity as a Service Provider for the Company
or a Company Subsidiary. “Distribute” when used as a verb shall have a correlative meaning.

 

“Drag-along
Member” has the meaning set forth in Section 10.04(a).

 

“Drag-along
Notice” has the meaning set forth in Section 10.04(c).

 

“Drag-along
Sale” has the meaning set forth in Section 10.04(a).

 

“Dragging
Member” has the meaning set forth in Section 10.04(a).

 

“Electronic
Transmission” means any form of communication not directly involving the physical transmission of paper that creates
a record that may be retained, retrieved and reviewed by a recipient thereof and that may be directly reproduced in paper form
by such a recipient through an automated process.

 

“Estimated
Tax Amount” of a Member for a Fiscal Year means the Member’s Tax Amount for such Fiscal Year as estimated in good
faith from time to time by the Board. In making such estimate, the Board shall take into account amounts shown on Internal Revenue
Service Form 1065 filed by the Company and similar state or local forms filed by the Company for the preceding taxable year and
such other adjustments as in the reasonable business judgment of the Board are necessary or appropriate to reflect the estimated
operations of the Company for the Fiscal Year.

 

    	7

    	 	 	 

    

 

“Excess
Amount” has the meaning set forth in Section 7.04(c).

 

“Exercise
Period” has the meaning set forth in Section 9.01(d).

 

“Exercising
Member” has the meaning set forth in Section 9.01(e).

 

“Fair
Market Value” of any asset as of any date means the purchase price that a willing buyer having all relevant knowledge
would pay a willing seller for such asset in an arm’s length transaction, as determined in good faith by the Board based
on such factors as the Board, in the exercise of its reasonable business judgment, considers relevant.

 

“Family
Members” has the meaning set forth in Section 10.02(b).

 

“Financing
Document” means any credit agreement, guarantee, financing or security agreement or other agreements or instruments
governing indebtedness of the Company or any of the Company Subsidiaries.

 

“Fiscal
Year” means the calendar year, unless the Company is required to have a taxable year other than the calendar year, in
which case Fiscal Year shall be the period that conforms to its taxable year.

 

“Forfeiture
Allocations” has the meaning set forth in Section 6.02(e).

 

“Fully
Diluted Basis” means, as of any date of determination, (a) with respect to all the Units, all issued and outstanding
Units of the Company and all Units issuable upon the exercise of any outstanding Unit Equivalents as of such date, whether or
not such Unit Equivalent is at the time exercisable, or (b) with respect to any specified type, class or series of Units, all
issued and outstanding Units designated as such type, class or series and all such designated Units issuable upon the exercise
of any outstanding Unit Equivalents as of such date, whether or not such Unit Equivalent is at the time exercisable.

 

“GAAP”
means United States generally accepted accounting principles in effect from time to time.

 

“Good
Reason,” with respect to any Service Provider, has the meaning set forth in any effective Award Agreement, employment
agreement or other written contract of engagement entered into between the Company and such Service Provider, or if none, then
“Good Reason” means any of the following actions taken without the Service Provider’s written consent:

 

(a)
a material reduction in the Service Provider’s base salary or the Service Provider’s ability to participate in Company
incentive or bonus plans (other than a general reduction in base salary or bonuses that affects all salaried Service Providers
equally);

 

    	8

    	 	 	 

    

 

(b)
the failure by the Company to pay to the Service Provider any material portion of the salary, bonus or other benefits owed to
such Service Provider;

 

(c)
a substantial adverse change in the Service Provider’s duties and responsibilities or a material diminution in the Service
Provider’s title, responsibility, or authority; or

 

(d)
a transfer of the Service Provider’s primary workplace by more than fifty (50) miles from the current workplace;

 

provided,
that Good Reason shall not be deemed to exist unless (a) the Company fails to cure the event giving rise to Good Reason within
thirty (30) days after written notice thereof given by the Service Provider to the Board, which notice shall (i) be delivered
to the Board no later than twenty (20) days following the Service Provider’s initial detection of the condition, and (ii)
specifically set forth the nature of such event and the corrective action reasonably sought by the Service Provider; and (b) the
Service Provider terminates his employment within thirty (30) days following the last day of the foregoing cure period.

 

“Governmental
Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency or
instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory
authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority
have the force of law), or any arbitrator, court or tribunal of competent jurisdiction.

 

“Incentive
Liquidation Value” means, as of the date of determination and with respect to the relevant new Incentive Units to be
issued, the aggregate amount that would be Distributed to the Members pursuant to Section 7.02, if, immediately prior to
the issuance of the relevant new Incentive Units, the Company sold all of its assets for Fair Market Value and immediately liquidated,
the Company’s debts and liabilities were satisfied and the proceeds of the liquidation were Distributed pursuant to Section
13.03(c).

 

“Incentive
Plan” has the meaning set forth in Error! Reference source not found..

 

“Incentive
Units” means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with
respect to “Incentive Units” in this Agreement and includes both Restricted Incentive Units and Unrestricted Incentive
Units.

 

“Initial
Cost” means, with respect to any Unit, the purchase price paid to the issued.

 

“Initial
Member” means each Person identified as a Member as of the date hereof.

 

“Initial
Member” has the meaning set forth in the term Member.

 

    	9

    	 	 	 

    

 

“Initial
Public Offering” has the meaning set forth in Section 15.17(a).

 

“Intended
Call Closing Date” has the meaning set forth in Section 10.06(c)(i).

 

“Intended
Put Closing Date” has the meaning set forth in Section 10.07(c)(i).

 

“IPO
Entity” has the meaning set forth in Section 15.17(a).

 

“Issuance
Notice” has the meaning set forth in Section 9.01(c).

 

“Joinder
Agreement” means the joinder agreement in form and substance attached hereto.

 

“Liquidator”
has the meaning set forth in Section 13.03(a).

 

“Losses”
has the meaning set forth in Section 14.03(a).

 

“Manager”
has the meaning set forth in Section 8.01.

 

“Member”
means (a) each Person identified on the Members Schedule as of the date hereof as a Member and who has executed this Agreement
or a counterpart thereof (each, an “Initial Member”); and (b) and each Person who is hereafter admitted as
a Member in accordance with the terms of this Agreement and the Virginia Act, in each case so long as such Person is shown on
the Company’s books and records as the owner of one or more Units. The Members shall constitute the “members”
(as that term is defined in the Virginia Act) of the Company.

 

“Member
Nonrecourse Debt” means “partner nonrecourse debt” as defined in Treasury Regulation Section 1.704-2(b)(4),
substituting the term “Company” for the term “partnership” and the term “Member” for the term
“partner” as the context requires.

 

“Member
Nonrecourse Debt Minimum Gain” means an amount, with respect to each Member Nonrecourse Debt, equal to the Company Minimum
Gain that would result if the Member Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Treasury
Regulation Section 1.704-2(i)(3).

 

“Member
Nonrecourse Deduction” means “partner nonrecourse deduction” as defined in Treasury Regulation Section 1.704-2(i),
substituting the term “Member” for the term “partner” as the context requires.

 

“Member
ROFR Exercise Notice” has the meaning set forth in Section 10.03(d)(iv).

 

“Members
Schedule” has the meaning set forth in Section 3.01.

 

“Membership
Interest” means an interest in the Company owned by a Member, including such Member’s right (based on the type
and class of Unit or Units held by such Member), as applicable, (a) to a Distributive share of Net Income, Net Losses and other
items of income, gain, loss and deduction of the Company; (b) to a Distributive share of the assets of the Company; (c) to vote
on, consent to or otherwise participate in any decision of the Members as provided in this Agreement; and (d) to any and all other
benefits to which such Member may be entitled as provided in this Agreement or the Virginia Act.

 

    	10

    	 	 	 

    

 

“Membership
Interests Subscription Agreements” means, collectively, those certain Subscription Agreements, each dated as of the
date hereof and a form of which is attached hereto as Exhibit A, by and between the Company and the Member named
therein, pursuant to which the named Member has acquired that number of Units set forth opposite such Member’s name on the
Members Schedule as of the date hereof.

 

“Misallocated
Item” has the meaning set forth in Section 6.05.

 

“Net
Income” and “Net Loss” mean, for each Fiscal Year or other period specified in this Agreement, an
amount equal to the Company’s taxable income or taxable loss, or particular items thereof, determined in accordance with
Code Section 703(a) (where, for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant
to Code Section 703(a)(1) shall be included in taxable income or taxable loss), but with the following adjustments:

 

(a)
any income realized by the Company that is exempt from federal income taxation, as described in Code Section 705(a)(1)(B), shall
be added to such taxable income or taxable loss, notwithstanding that such income is not includable in gross income;

 

(b)
any expenditures of the Company described in Code Section 705(a)(2)(B), including any items treated under Treasury Regulation
Section 1.704-1(b)(2)(iv)(i) as items described in Code Section 705(a)(2)(B), shall be subtracted from such taxable income
or taxable loss, notwithstanding that such expenditures are not deductible for federal income tax purposes;

 

(c)
any gain or loss resulting from any disposition of Company property with respect to which gain or loss is recognized for federal
income tax purposes shall be computed by reference to the Book Value of the property so disposed, notwithstanding that the adjusted
tax basis of such property differs from its Book Value;

 

(d)
any items of depreciation, amortization and other cost recovery deductions with respect to Company property having a Book Value
that differs from its adjusted tax basis shall be computed by reference to the property’s Book Value (as adjusted for Book
Depreciation) in accordance with Treasury Regulation Section 1.704-1(b)(2)(iv)(g);

 

(e)
if the Book Value of any Company property is adjusted as provided in the definition of Book Value, then the amount of such adjustment
shall be treated as an item of gain or loss and included in the computation of such taxable income or taxable loss; and

 

(f)
to the extent an adjustment to the adjusted tax basis of any Company property pursuant to Code Sections 732(d), 734(b) or 743(b)
is required, pursuant to Treasury Regulation Section 1.704 1(b)(2)(iv)(m), to be taken into account in determining Capital
Accounts, the amount of such adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases
the basis of the asset) or loss (if the adjustment decreases such basis).

 

    	11

    	 	 	 

    

 

“New
Common Securities” has the meaning set forth in Section 9.01(b)(ii).

 

“New
Interests” has the meaning set forth in Section 3.05.

 

“New
Preferred Securities” has the meaning set forth in Section 9.01(b)(i).

 

“New
Securities” has the meaning set forth in Section 9.01(b)(iii).

 

“Non-Exercising
Member” has the meaning set forth in Section 9.01(e).

 

“Nonrecourse
Liability” has the meaning set forth in Treasury Regulations Section 1.704-2(b)(3).

 

“Offered
Common Units” has the meaning set forth in Section 10.03(a)(i).

 

“Offered
Preferred Units” has the meaning set forth in Section 10.03(a)(i).

 

“Offered
Units” has the meaning set forth in Section 10.03(a)(i).

 

“Offered
Unrestricted Incentive Units” has the meaning set forth in Section 10.07(b)(i).

 

“Offering
Member” has the meaning set forth in Section 10.03(a)(i).

 

“Offering
Member Notice” has the meaning set forth in Section 10.03(c)(i).

 

“Offering
Service Provider” has the meaning set forth in Section 10.07(a).

 

“Officers”
has the meaning set forth in Section 8.09.

 

“Original
Agreement” has the meaning set forth in the Recitals.

 

“Over-allotment
Exercise Period” has the meaning set forth in Section 9.01(e).

 

“Over-allotment
Notice” has the meaning set forth in Section 9.01(e).

 

“Permitted
Transfer” means a Transfer of Preferred Units or Common Units carried out pursuant to Section 10.02. “Permitted
Transferee” means a recipient of a Permitted Transfer.

 

“Person”
means an individual, corporation, partnership, joint venture, limited liability company, Governmental Authority, unincorporated
organization, trust, association or other entity.

 

“Pre-emptive
Member” has the meaning set forth in Section 9.01(a).

 

“Preferred
Capital Value” means, for any Preferred Unit at any time, the sum of the Capital Contributions attributable in respect
of the acquisition of such Preferred Unit.

 

“Preferred
Pro Rata Portion” means:

 

(a)
for purposes of Article IX, with respect to any Pre-emptive Member holding Preferred Units, on any issuance date for New
Preferred Securities, a fraction determined by dividing (i) the number of Preferred Units on a Fully Diluted Basis owned by such
Pre-emptive Member immediately prior to such issuance by (ii) the total number of Preferred Units on a Fully Diluted Basis held
by the Members on such date immediately prior to such issuance; and

 

    	12

    	 	 	 

    

 

(b)
for purposes of Section 10.03, with respect to an Applicable ROFR Rightholder holding Preferred Units, on any date of a
proposed Transfer by an Offering Member, a fraction determined by dividing (i) the number of Preferred Units on a Fully Diluted
Basis owned by such Applicable ROFR Rightholder immediately prior to such Transfer by (ii) the total number of Preferred Units
on a Fully Diluted Basis held by the Members on such date immediately prior to such Transfer.

 

“Preferred
Tag-along Portion” has the meaning set forth in Section 10.05(d)(i).

 

“Preferred
Majority Unitholders” means the holder or holders of at least 2/3rd of the outstanding Preferred Units.

 

“Preferred
Units” means the Units having the privileges, preference, duties, liabilities, obligations and rights specified with
respect to “Preferred Units” in this Agreement.

 

“Preferred
Unpaid Yield” means, for any Preferred Unit at any time, the amount equal to the excess, if any, of (a) the aggregate
Preferred Yield accrued on such Preferred Unit as of such time, over (b) the aggregate amount of all Distributions made by the
Company in respect of such Preferred Unit pursuant to Section 7.02(a) as of such time.

 

“Preferred
Unreturned Capital Value” means, for any Preferred Unit at any time, the amount of the Preferred Capital Value for such
Preferred Unit, reduced by the aggregate amount of all Distributions made by the Company in respect of such Preferred Unit pursuant
to Section 7.02(b) prior to such time.

 

“Preferred
Yield” means, for any Preferred Unit at any time, the amount accrued as of such time in respect of such Preferred Unit
(commencing with respect to such Preferred Unit on the date the Company issues or issued such Preferred Unit) at a rate of 20.0%
per annum, compounded semi-annually, on the sum of (a) the Preferred Unreturned Capital Value from time to time for such Preferred
Unit through such time and (b) the Preferred Unpaid Yield from time to time on such Preferred Unit accumulated for all prior semi-annual
compounding periods.

 

“Profits
Interest” has the meaning set forth in Error! Reference source not found..

 

“Profits
Interest Hurdle” means an amount set forth in each Award Agreement reflecting the Incentive Liquidation Value of the
relevant Incentive Units at the time the units are issued.

 

“Proposed
Transferee” has the meaning set forth in Section 10.05(a).

 

“Prospective
Purchaser” has the meaning set forth in Section 9.01(c).

 

“Public
Offering” means any underwritten public offering pursuant to a registration statement filed in accordance with the Securities
Act.

 

“Purchasing
Rightholders” has the meaning set forth in Section 10.03(e)(ii).

 

“Put
Purchase Price” has the meaning set forth in Section 10.07(a).

 

    	13

    	 	 	 

    

 

“Qualified
Member” has the meaning set forth in Section 12.01.

 

“Qualified
Public Offering” means the sale in a public offering led by a nationally recognized underwriting firm pursuant to an
effective registration statement under the Securities Act, of Units (or common stock of the Company or an IPO Entity) having an
aggregate offering value (net of underwriters’ discounts and selling commissions) of at least $25,000,000.

 

“Qualifying
Incentive Units” has the meaning set forth in Section 7.03(b).

 

“Quarterly
Estimated Tax Amount” of a Member for any calendar quarter of a Fiscal Year means the excess, if any of (a) the product
of (i) a quarter (1⁄4) in the case of the first calendar quarter of the Fiscal Year, half (1⁄2) in the case of the second
calendar quarter of the Fiscal Year, three-quarters (3⁄4) in the case of the third calendar quarter of the Fiscal Year, and
one (1) in the case of the fourth calendar quarter of the Fiscal Year and (ii) the Member’s Estimated Tax Amount for such
Fiscal Year over (b) all Distributions previously made during such Fiscal Year to such Member.

 

“Regulatory
Allocations” has the meaning set forth in Section 6.02(d).

 

“Representative”
means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
and other agents of such Person.

 

“Repurchase
Notice” has the meaning set forth in Section 10.06(b)(i).

 

“Repurchased
Incentive Units” has the meaning set forth in Section 10.06(b)(i).

 

“Restricted
Incentive Units” has the meaning set forth in Error! Reference source not found..

 

“Restricted
Period” has the meaning set forth in Section 11.02(a).

 

“ROFR
Rightholder Option Period” has the meaning set forth in Section 10.03(d)(iv).

 

“Sale
Notice” has the meaning set forth in Section 10.05(c).

 

“Securities
Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and regulations thereunder,
which shall be in effect at the time.

 

“Selling
Member” has the meaning set forth in Section 10.05(a).

 

“Service
Provider” has the meaning set forth in Error! Reference source not found..

 

“Service
Provider Sale Notice” has the meaning set forth in Section 10.07(b)(i).

 

“Shortfall
Amount” has the meaning set forth in Section 7.04(b).

 

“Sponsor”
means Helpful Alliance Company, a Florida corporation.

 

    	14

    	 	 	 

    

 

“Subsidiary”
means, with respect to any Person, any other Person of which a majority of the outstanding shares or other equity interests having
the power to vote for directors or comparable managers are owned, directly or indirectly, by the first Person.

 

“Tag-along
Member” has the meaning set forth in Section 10.05(a).

 

“Tag-along
Notice” has the meaning set forth in Section 10.05(d)(ii).

 

“Tag-along
Period” has the meaning set forth in Section 10.05(d)(ii).

 

“Tag-along
Sale” has the meaning set forth in Section 10.05(a).

 

“Tax
Advance” has the meaning set forth in Section 7.04(a).

 

“Tax
Amount” of a Member for a Fiscal Year means the product of (a) the Tax Rate for such Fiscal Year and (b) the Adjusted
Taxable Income of the Member for such Fiscal Year with respect to its Units.

 

“Tax
Matters Member” has the meaning set forth in Section 12.04.

 

“Tax
Rate” of a Member, for any period, means the highest marginal blended federal, state and local tax rate applicable to
ordinary income, qualified dividend income or capital gains, as appropriate, for such period for an individual residing in New
York, New York, taking into account for federal income tax purposes, the deductibility of state and local taxes and any applicable
limitations on such deductions.

 

“Taxing
Authority” has the meaning set forth in Section 7.05(b).

 

“Third
Party Purchaser” means any Person who, immediately prior to the contemplated transaction, (a) does not directly or indirectly
own or have the right to acquire any outstanding Preferred Units or Common Units (or applicable Unit Equivalents) or (b) is not
a Permitted Transferee of any Person who directly or indirectly owns or has the right to acquire any Preferred Units or Common
Units (or applicable Unit Equivalents).

 

“Transfer”
means to, directly or indirectly, sell, transfer, assign, pledge, encumber, hypothecate or similarly dispose of, either voluntarily
or involuntarily, by operation of law or otherwise, or to enter into any contract, option or other arrangement or understanding
with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or similar disposition of, any Units owned
by a Person or any interest (including a beneficial interest) in any Units or Unit Equivalents owned by a Person. “Transfer”
when used as a noun shall have a correlative meaning. “Transferor” and “Transferee” mean
a Person who makes or receives a Transfer, respectively.

 

“Treasury
Regulations” means the final or temporary regulations issued by the United States Department of Treasury pursuant to
its authority under the Code, and any successor regulations.

 

“Unallocated
Item” has the meaning set forth in Section 6.05.

 

“Unit”
means a unit representing a fractional part of the Membership Interests of the Members and shall include all types and classes
of Units, including the Preferred Units, the Common Units and the Incentive Units; provided, that any type or class of
Unit shall have the privileges, preference, duties, liabilities, obligations and rights set forth in this Agreement and the Membership
Interests represented by such type or class or series of Unit shall be determined in accordance with such privileges, preference,
duties, liabilities, obligations and rights.

 

    	15

    	 	 	 

    

 

“Unit
Equivalents” means any security or obligation that is by its terms, directly or indirectly, convertible into, exchangeable
or exercisable for Units, and any option, warrant or other right to subscribe for, purchase or acquire Units.

 

“Virginia”
means the Commonwealth of Virginia.

 

“Virginia
Act” means the Virginia Limited Liability Company Act, Title 13, Chapter 12 of the Code of Virginia, and any successor
statute, as it may be amended from time to time.

 

“Unrestricted
Incentive Units” has the meaning set forth in Error! Reference source not found..

 

“Voting
Members” has the meaning set forth in Section 4.07(b).

 

“Voting
Units” has the meaning set forth in Section 4.07(a).

 

“Withholding
Advances” has the meaning set forth in Section 7.05(b).

 

Section
1.02 Interpretation. For purposes of this Agreement, (a) the words “include,” “includes” and “including”
shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive;
and (c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder”
refer to this Agreement as a whole. The definitions given for any defined terms in this Agreement shall apply equally to both
the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. Unless the context otherwise requires, references herein: (x) to Articles, Sections, and
Exhibits mean the Articles and Sections of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other
document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent
permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor
legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption
or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted.
The Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they
were set forth verbatim herein.

 

    	16

    	 	 	 

    

 

Article
II

Organization

 

Section
2.01 Formation.

 

(a)
The Company was formed on December 1, 2015, pursuant to the provisions of the Virginia Act, upon the filing of the Articles of
Organization with the Secretary of State of the Commonwealth of Virginia.

 

(b)
This Agreement shall constitute the “limited liability company agreement” (as that term is used in the Virginia Act)
of the Company. The rights, powers, duties, obligations and liabilities of the Members shall be determined pursuant to the Virginia
Act and this Agreement. To the extent that the rights, powers, duties, obligations and liabilities of any Member are different
by reason of any provision of this Agreement than they would be under the Virginia Act in the absence of such provision, this
Agreement shall, to the extent permitted by the Virginia Act, control.

 

Section
2.02 Name. The name of the Company is “Seasons Creek Development, LLC” or such other name or names as the Board
may from time to time designate; provided, that the name shall always contain the words “Limited Liability Company”
or the abbreviation “L.L.C.” or the designation “LLC.”

 

Section
2.03 Principal Office. The principal office of the Company is located at 16800 Branders Bridge Road, Chesterfield, VA 23834,
or such other place as may from time to time be determined by the Board. The Board shall give prompt notice of any such change
to each of the Members.

 

Section
2.04 Registered Office; Registered Agent.

 

(a)
The registered office of the Company shall be the office of the initial registered agent named in the Articles of Organization
or such other office (which need not be a place of business of the Company) as the Board may designate from time to time in the
manner provided by the Virginia Act and Applicable Law.

 

(b)
The registered agent for service of process on the Company in the Commonwealth of Virginia shall be the initial registered agent
named in the Articles of Organization or such other Person or Persons as the Board may designate from time to time in the manner
provided by the Virginia Act and Applicable Law.

 

Section
2.05 Purpose; Powers.

 

(a)
The purpose of the Company is to acquire the land and existing property fronting the west line of Brandon’s Bridge Road,
approximately 600 feet north of Whitehouse Road in Chesterfield County in the Commonwealth of Virginia (the “Property”)
with the purpose of building and selling (the “Purpose”) a residential single-family homes (the “Products”)
to general public (the “Business”).

 

(b)
The Company shall have all the powers necessary or convenient to carry out the purposes for which it is formed, including the
powers granted by the Virginia Act.

 

Section
2.06 Term. The term of the Company commenced on the date the Articles of Organization was filed with the Secretary of State
of the Commonwealth of Virginia and shall continue in existence perpetually until the Company is dissolved in accordance with
the provisions of this Agreement.

 

    	17

    	 	 	 

    

 

Section
2.07 No State-Law Partnership. The Members intend that the Company shall be treated as a partnership for federal and, if applicable,
state and local income tax purposes, and, to the extent permissible, the Company shall elect to be treated as a partnership for
such purposes. The Company and each Member shall file all tax returns and shall otherwise take all tax and financial reporting
positions in a manner consistent with such treatment and no Member shall take any action inconsistent with such treatment. The
Members intend that the Company shall not be a partnership (including, without limitation, a limited partnership) or joint venture,
and that no Member, Manager or Officer of the Company shall be a partner or joint venturer of any other Member, Manager or Officer
of the Company, for any purposes other than as set forth in the first sentence of this Section 2.07.

 

Article
III

Units

 

Section
3.01 Units Generally. The Membership Interests of the Members shall be represented by issued and outstanding Units, which
may be divided into one or more types, classes or series. Each type, class or series of Units shall have the privileges, preference,
duties, liabilities, obligations and rights, including voting rights, if any, set forth in this Agreement with respect to such
type, class or series. The Board shall maintain a schedule of all Members, their respective mailing addresses and the amount and
series of Units held by them (the “Members Schedule”), and shall update the Members Schedule upon the issuance
or Transfer of any Units to any new or existing Member. A copy of the Members Schedule as of the execution of this Agreement is
attached hereto as Schedule A.

 

Section
3.02 Authorization and Issuance of Preferred Units. Subject to compliance with Section 4.06(b), Article IX and
Section 10.01(b), the Company is hereby authorized to issue a class of Units designated as Preferred Units. As of the date
hereof and after giving effect to the transactions contemplated by the Membership Interest Subscription Agreements, 15 Preferred
Units are issued and outstanding to the Members in the amounts set forth on the Members Schedule opposite each Member’s
name.

 

Section
3.03 Authorization and Issuance of Common Units. Subject to compliance with Article IX and Section 10.01(b),
the Company is hereby authorized to issue a class of Units designated as Common Units. As of the date hereof and after giving
effect to the transactions contemplated by the Membership Interest Subscription Agreements, 15 Common Units are issued and outstanding
in the amounts set forth on the Members Schedule opposite each Member’s name.

 

    	18

    	 	 	 

    

 

Section
3.04 Authorization and Issuance of Incentive Units.

 

Reserved.

 

Section
3.05 Other Issuances. In addition to the Preferred Units, Common Units and Incentive Units, the Company is hereby authorized,
subject to compliance with Section 4.06(b), Article IX and Section 10.01(b), to authorize and issue or sell
to any Person any of the following (collectively, “New Interests”): (i) any new type, class or series of Units
not otherwise described in this Agreement, which Units may be designated as classes or series of the Preferred Units, Common Units
or Incentive Units but having different rights; and (ii) Unit Equivalents. The Board is hereby authorized, subject to Section
15.09, to amend this Agreement to reflect such issuance and to fix the relative privileges, preference, duties, liabilities,
obligations and rights of any such New Interests, including the number of such New Interests to be issued, the preference (with
respect to Distributions, in liquidation or otherwise) over any other Units and any contributions required in connection therewith.

 

Section
3.06 Certification of Units.

 

(a)
The Board in its sole discretion may, but shall not be required to, issue certificates to the Members representing the Units held
by such Member.

 

(b)
In the event that the Board shall issue certificates representing Units in accordance with Section 3.06(a), then in addition
to any other legend required by Applicable Law, all certificates representing issued and outstanding Units shall bear a legend
substantially in the following form:

 

Article
IV

Members

 

Section
4.01 Admission of New Members.

 

(a)
New Members may be admitted from time to time (i) in connection with an issuance of Units by the Company, subject to compliance
with the provisions of Section 4.06(b), Article IX and Section 10.01(b), as applicable, and (ii) in connection
with a Transfer of Units, subject to compliance with the provisions of Article X, and in either case, following compliance
with the provisions of Section 4.01(b).

 

(b)
In order for any Person not already a Member of the Company to be admitted as a Member, whether pursuant to an issuance or Transfer
of Units, such Person shall have executed and delivered to the Company a written undertaking substantially in the form of the
Joinder Agreement. Upon the amendment of the Members Schedule by the Board and the satisfaction of any other applicable conditions,
including, if a condition, the receipt by the Company of payment for the issuance of the applicable Units, such Person shall be
admitted as a Member and deemed listed as such on the books and records of the Company and thereupon shall be issued his, her
or its Units. The Board shall also adjust the Capital Accounts of the Members as necessary in accordance with Section 5.03.

 

    	19

    	 	 	 

    

 

Section
4.02 Representations and Warranties of Members. By execution and delivery of this Agreement or a Joinder Agreement, the form
of which is attached hereto as Exhibit B, as applicable, each of the Members, whether admitted as of the date hereof
or pursuant to Section 4.01, represents and warrants to the Company and acknowledges that:

 

(a)
The Units have not been registered under the Securities Act or the securities laws of any other jurisdiction, are issued in reliance
upon federal and state exemptions for transactions not involving a public offering and cannot be disposed of unless (i) they are
subsequently registered or exempted from registration under the Securities Act and (ii) the provisions of this Agreement have
been complied with;

 

(b)
Such Member is an “accredited investor” within the meaning of Rule 501 promulgated under the Securities Act, as amended
by Section 413(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and agrees that it will not take any action
that could have an adverse effect on the availability of the exemption from registration provided by Rule 501 promulgated under
the Securities Act with respect to the offer and sale of the Units;

 

(c)
Such Member’s Units are being acquired for its own account solely for investment and not with a view to resale or distribution
thereof;

 

(d)
Such Member has conducted its own independent review and analysis of the business, operations, assets, liabilities, results of
operations, financial condition and prospects of the Company and the Company Subsidiaries and such Member acknowledges that it
has been provided adequate access to the personnel, properties, premises and records of the Company and the Company Subsidiaries
for such purpose;

 

(e)
The determination of such Member to acquire Units has been made by such Member independent of any other Member and independent
of any statements or opinions as to the advisability of such purchase or as to the business, operations, assets, liabilities,
results of operations, financial condition and prospects of the Company and the Company Subsidiaries that may have been made or
given by any other Member or by any agent or employee of any other Member;

 

(f)
Such Member has such knowledge and experience in financial and business matters and is capable of evaluating the merits and risks
of an investment in the Company and making an informed decision with respect thereto;

 

(g)
Such Member is able to bear the economic and financial risk of an investment in the Company for an indefinite period of time;

 

(h)
The execution, delivery and performance of this Agreement have been duly authorized by such Member and do not require such Member
to obtain any consent or approval that has not been obtained and do not contravene or result in a default in any material respect
under any provision of any law or regulation applicable to such Member or other governing documents or any agreement or instrument
to which such Member is a party or by which such Member is bound;

 

    	20

    	 	 	 

    

 

(i)
This Agreement is valid, binding and enforceable against such Member in accordance with its terms, except as may be limited by
bankruptcy, insolvency, reorganization, moratorium, and other similar laws of general applicability relating to or affecting creditors’
rights or general equity principles (regardless of whether considered at law or in equity); and

 

(j)
Neither the issuance of any Units to any Member nor any provision contained herein will entitle the Member to remain in the employment
of the Company or any Company Subsidiary or affect the right of the Company or any Company Subsidiary to terminate the Member’s
employment at any time for any reason, other than as otherwise provided in such Member’s employment agreement or other similar
agreement with the Company or Company Subsidiary, if applicable.

 

None
of the foregoing shall replace, diminish or otherwise adversely affect any Member’s representations and warranties made
by it in any Unit Purchase Agreement or Award Agreement, as applicable.

 

Section
4.03 No Personal Liability. Except as otherwise provided in the Virginia Act, by Applicable Law or expressly in this Agreement,
no Member will be obligated personally for any debt, obligation or liability of the Company or of any Company Subsidiaries or
other Members, whether arising in contract, tort or otherwise, solely by reason of being a Member.

 

Section
4.04 No Withdrawal. A Member shall not cease to be a Member as a result of the Bankruptcy of such Member or as a result of
any other events specified in § 13.1-1040.1 of the Virginia Act. So long as a Member continues to hold any Units, such Member
shall not have the ability to withdraw or resign as a Member prior to the dissolution and winding up of the Company and any such
withdrawal or resignation or attempted withdrawal or resignation by a Member prior to the dissolution or winding up of the Company
shall be null and void. As soon as any Person who is a Member ceases to hold any Units, such Person shall no longer be a Member;
provided, however, that this Agreement shall continue to apply with respect to any Units that have been called in
accordance with Section 10.06 until full payment is made therefor in accordance with the terms of this Agreement.

 

Section
4.05 Death. The death of any Member shall not cause the dissolution of the Company. In such event the Company and its business
shall be continued by the remaining Member or Members and the Units owned by the deceased Member shall automatically be Transferred
to such Member’s heirs; provided, that within a reasonable time after such Transfer, the applicable heirs shall sign
a written undertaking substantially in the form of the Joinder Agreement.

 

    	21

    	 	 	 

    

 

Section
4.06 Voting.

 

(a)
Except as otherwise provided by this Agreement (including Section 4.06(b) and Section 15.09) or as otherwise required
by the Virginia Act or Applicable Law:

 

(i)
each Member shall be entitled to one vote per Common Unit on all matters upon which the Members have the right to vote under this
Agreement;

 

(ii)
each Member shall be entitled to one vote per Preferred Unit on all matters upon which the Members shall have the right to vote
under this Agreement.

 

(b)
Notwithstanding anything to the contrary contained in this Agreement, at any time that there are any Preferred Units outstanding,
the Company shall not, and shall not permit any of the Company Subsidiaries to, engage in or cause any of the following transactions
or take any of the following actions, and the Board shall not permit or cause the Company or any of the Company Subsidiaries to
engage in, take or cause any such action except with the prior approval of the holders of a majority of the outstanding Preferred
Units voting separately as a class:

 

(i)
the issuance of any Preferred Units beyond those issued and outstanding as of the date hereof pursuant to Section 3.02
or the issuance of any Units that are senior in any respect to the Preferred Units;

 

(ii)
the issuance of any securities by any Company Subsidiary beyond those issued and outstanding as of the date hereof;

 

(iii)
a merger, consolidation, conversion or other similar transaction involving the Company or any of the Company Subsidiaries in which
the holders of the Common Units (or equivalent Company Subsidiary securities) immediately prior to such transaction hold in the
aggregate less than a majority of the outstanding voting equity securities of the surviving entity immediately after such transaction;

 

(iv)
the sale, lease or conveyance of all or substantially all of the assets of the Company and the Company Subsidiaries on a consolidated
basis; or

 

(v)
any action that results in a liquidation or dissolution of the Company or any Company Subsidiary.

 

Section
4.07 Meetings.

 

(a)
Voting Units. As used herein, the term “Voting Units” shall mean:

 

(i)
the Common Units, for purposes of calling or holding any meeting of the Members holding Common Units, providing notice of such
a meeting, forming a quorum for such a meeting, or taking any action by vote at a meeting or by written consent without a meeting,
in all cases to take any action or conduct any business not described in Section 4.06(b); and

 

(ii)
the Preferred Units, for purposes of calling or holding any meeting of the Members holding Preferred Units, providing notice of
such a meeting, forming a quorum for such a meeting, or taking any action by vote at a meeting or by written consent without a
meeting, in all cases to take any action or conduct any business described in Section 4.06(b).

 

    	22

    	 	 	 

    

 

(b)
Calling the Meeting. Meetings of the Members may be called by (i) the Board or (ii) by a Member or group of Members holding
more than 25% of the then-outstanding votes attributable to the relevant Voting Units. Only Members who hold the relevant Voting
Units (“Voting Members”) shall have the right to attend meetings of the Members.

 

(c)
Notice. Written notice stating the place, date and time of the meeting and, in the case of a meeting of the Members not
regularly scheduled, describing the purposes for which the meeting is called, shall be delivered not fewer than ten (10) days
and not more than sixty (60) days before the date of the meeting to each Voting Member, by or at the direction of the Board or
the Member(s) calling the meeting, as the case may be. The Voting Members may hold meetings at the Company’s principal office
or at such other place as the Board or the Member(s) calling the meeting may designate in the notice for such meeting.

 

(d)
Participation. Any Voting Member may participate in a meeting of the Voting Members by means of conference telephone or
other communications equipment by means of which all Persons participating in the meeting can hear each other, and participation
in a meeting by such means shall constitute presence in person at such meeting.

 

(e)
Vote by Proxy. On any matter that is to be voted on by Voting Members, a Voting Member may vote in person or by proxy,
and such proxy may be granted in writing, by means of Electronic Transmission or as otherwise permitted by Applicable Law. Every
proxy shall be revocable in the discretion of the Voting Member executing it unless otherwise provided in such proxy; provided,
that such right to revocation shall not invalidate or otherwise affect actions taken under such proxy prior to such revocation.

 

(f)
Conduct of Business. The business to be conducted at such meeting need not be limited to the purpose described in the notice
and can include business to be conducted by Voting Members holding Common Units and Voting Members holding Preferred Units; provided,
that the appropriate Voting Members shall have been notified of the meeting in accordance with Section 4.07(c); and provided,
further, that any Voting Member holding the appropriate Voting Units shall have the right to request removal from the meeting
of any Voting Member holding only Preferred Units or only Common Units prior to any discussion of business at the meeting for
which such Units do not have a vote pursuant to the provisions of this Agreement. Attendance of a Member at any meeting shall
constitute a waiver of notice of such meeting, except where a Member attends a meeting for the express purpose of objecting to
the transaction of any business on the ground that the meeting is not lawfully called or convened.

 

Section
4.08 Quorum. A quorum of any meeting of the Voting Members shall require the presence of the Members holding a majority of
the appropriate Voting Units held by all Members. Subject to Section 4.09, no action at any meeting may be taken by the
Members unless the appropriate quorum is present. Subject to Section 4.09, no action may be taken by the Members at any
meeting at which a quorum is present without the affirmative vote of Members holding a majority of the appropriate Voting Units
held by all Members.

 

    	23

    	 	 	 

    

 

Section
4.09 Action Without Meeting. Notwithstanding the provisions of Section 4.08, any matter that is to be voted on, consented
to or approved by Voting Members may be taken without a meeting, without prior notice and without a vote if consented to, in writing
or by Electronic Transmission, by a Member or Members holding not less than a majority of the appropriate Voting Units held by
all Members. A record shall be maintained by the Board of each such action taken by written consent of a Member or Members.

 

Section
4.10 Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant
to the express terms of this Agreement and the Virginia Act. Except as otherwise specifically provided by this Agreement or required
by the Virginia Act, no Member, in its capacity as a Member, shall have the power to act for or on behalf of, or to bind, the
Company.

 

Section
4.11 No Interest in Company Property. No real or personal property of the Company shall be deemed to be owned by any Member
individually, but shall be owned by, and title shall be vested solely in, the Company. Without limiting the foregoing, each Member
hereby irrevocably waives during the term of the Company any right that such Member may have to maintain any action for partition
with respect to the property of the Company.

 

Article
V

Capital Contributions; Capital Accounts

 

Section
5.01 Initial Capital Contributions. Contemporaneously with the execution of this Agreement and as set forth in the respective
Unit Purchase Agreements, each Initial Member owning Preferred Units or Common Units has made the Capital Contribution giving
rise to such Initial Member’s initial Capital Account and is deemed to own the number, type, series and class of Units,
in each case, in the amounts set forth opposite such Initial Member’s name on the Members Schedule as in effect on the date
hereof.

 

Section
5.02 Additional Capital Contributions.

 

(a)
No Member shall be required to make any additional Capital Contributions to the Company. Any future Capital Contributions made
by any Member shall only be made with the consent of the Board and in connection with an issuance of Units made in compliance
with Article IX.

 

    	24

    	 	 	 

    

 

(b)
No Member shall be required to lend any funds to the Company and no Member shall have any personal liability for the payment or
repayment of any Capital Contribution by or to any other Member.

 

Section
5.03 Maintenance of Capital Accounts. The Company shall establish and maintain for each Member a separate capital account
(a “Capital Account”) on its books and records in accordance with this Section 5.03. Each Capital Account
shall be established and maintained in accordance with the following provisions:

 

(a)
Each Member’s Capital Account shall be increased by the amount of:

 

(i)
such Member’s Capital Contributions, including such Member’s initial Capital Contribution;

 

(ii)
any Net Income or other item of income or gain allocated to such Member pursuant to Article VI; and

 

(iii)
any liabilities of the Company that are assumed by such Member or secured by any property Distributed to such Member.

 

(b)
Each Member’s Capital Account shall be decreased by:

 

(i)
the cash amount or Book Value of any property Distributed to such Member pursuant to Article VII and Section 13.03(c);

 

(ii)
the amount of any Net Loss or other item of loss or deduction allocated to such Member pursuant to Article VI; and

 

(iii)
the amount of any liabilities of such Member assumed by the Company or which are secured by any property contributed by such Member
to the Company.

 

Section
5.04 Succession Upon Transfer. In the event that any Units are Transferred in accordance with the terms of this Agreement,
the Transferee shall succeed to the Capital Account of the Transferor to the extent it relates to the Transferred Units and, subject
to Section 6.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article
XIII in respect of such Units.

 

Section
5.05 Negative Capital Accounts. In the event that any Member shall have a deficit balance in his, her or its Capital Account,
such Member shall have no obligation, during the term of the Company or upon dissolution or liquidation thereof, to restore such
negative balance or make any Capital Contributions to the Company by reason thereof, except as may be required by Applicable Law
or in respect of any negative balance resulting from a withdrawal of capital or dissolution in contravention of this Agreement.

 

Section
5.06 No Withdrawal. No Member shall be entitled to withdraw any part of his, her or its Capital Account or to receive any
Distribution from the Company, except as provided in this Agreement. No Member shall receive any interest, salary or drawing with
respect to its Capital Contributions or its Capital Account, except as otherwise provided in this Agreement. The Capital Accounts
are maintained for the sole purpose of allocating items of income, gain, loss and deduction among the Members and shall have no
effect on the amount of any Distributions to any Members, in liquidation or otherwise.

 

    	25

    	 	 	 

    

 

Section
5.07 Treatment of Loans from Members. Loans by any Member to the Company shall not be considered Capital Contributions and
shall not affect the maintenance of such Member’s Capital Account, other than to the extent provided in Section 5.03(a)(iii),
if applicable.

 

Section
5.08 Modifications. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital
Accounts are intended to comply with Section 1.704-1(b) of the Treasury Regulations and shall be interpreted and applied in a
manner consistent with such Treasury Regulations. If the Board determines that it is prudent to modify the manner in which the
Capital Accounts, or any increases or decreases to the Capital Accounts, are computed in order to comply with such Treasury Regulations,
the Board may authorize such modifications.

 

Article
VI

Allocations

 

Section
6.01 Allocation of Net Income and Net Loss. For each Fiscal Year (or portion thereof), except as otherwise provided in this
Agreement, Net Income and Net Loss (and, to the extent necessary, individual items of income, gain, loss or deduction) of the
Company shall be allocated among the Members in a manner such that, after giving effect to the special allocations set forth in
Section 6.02, the Capital Account balance of each Member, immediately after making such allocations, is, as nearly as possible,
equal to (i) the Distributions that would be made to such Member pursuant to Section 13.03(c) if the Company were dissolved,
its affairs wound up and its assets sold for cash equal to their Book Value, all Company liabilities were satisfied (limited with
respect to each Nonrecourse Liability to the Book Value of the assets securing such liability), and the net assets of the Company
were Distributed, in accordance with Section 13.03(c), to the Members immediately after making such allocations, minus
(ii) such Member’s share of Company Minimum Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to
the hypothetical sale of assets.

 

Section
6.02 Regulatory and Special Allocations. Notwithstanding the provisions of Section 6.01:

 

(a)
If there is a net decrease in Company Minimum Gain (determined according to Treasury Regulations Section 1.704-2(d)(1)) during
any Fiscal Year, each Member shall be specially allocated Net Income for such Fiscal Year (and, if necessary, subsequent Fiscal
Years) in an amount equal to such Member’s share of the net decrease in Company Minimum Gain, determined in accordance with
Treasury Regulations Section 1.704-2(g). The items to be so allocated shall be determined in accordance with Treasury Regulations
Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 6.02(a) is intended to comply with the “minimum gain chargeback”
requirement in Treasury Regulation Section 1.704-2(f) and shall be interpreted consistently therewith.

 

    	26

    	 	 	 

    

 

(b)
Member Nonrecourse Deductions shall be allocated in the manner required by Treasury Regulations Section 1.704-2(i). Except as
otherwise provided in Treasury Regulations Section 1.704-2(i)(4), if there is a net decrease in Member Nonrecourse Debt Minimum
Gain during any Fiscal Year, each Member that has a share of such Member Minimum Gain shall be specially allocated Net Income
for such Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to that Member’s share of the net decrease
in Member Nonrecourse Debt Minimum Gain. Items to be allocated pursuant to this paragraph shall be determined in accordance with
Treasury Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2). This Section 6.02(b) is intended to comply with the “minimum
gain chargeback” requirements in Treasury Regulations Section 1.704-2(i)(4) and shall be interpreted consistently therewith.

 

(c)
In the event any Member unexpectedly receives any adjustments, allocations or Distributions described in Treasury Regulations
Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6), Net Income shall be specially allocated to such Member
in an amount and manner sufficient to eliminate the Adjusted Capital Account Deficit created by such adjustments, allocations
or Distributions as quickly as possible. This Section 6.02(c) is intended to comply with the qualified income offset requirement
in Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

 

(d)
The allocations set forth in paragraphs (a), (b) and (c) above (the “Regulatory Allocations”) are intended
to comply with certain requirements of the Treasury Regulations under Code Section 704. Notwithstanding any other provisions of
this Article VI (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating
Net Income and Net Losses among Members so that, to the extent possible, the net amount of such allocations of Net Income and
Net Losses and other items and the Regulatory Allocations to each Member shall be equal to the net amount that would have been
allocated to such Member if the Regulatory Allocations had not occurred.

 

(e)
The Company and the Members acknowledge that allocations like those described in Proposed Treasury Regulation Section 1.704-1(b)(4)(xii)(c)
(“Forfeiture Allocations”) result from the allocations of Net Income and Net Loss provided for in this Agreement.
For the avoidance of doubt, the Company is entitled to make Forfeiture Allocations and, once required by applicable final or temporary
guidance, allocations of Net Income and Net Loss will be made in accordance with Proposed Treasury Regulation Section 1.704-1(b)(4)(xii)(c)
or any successor provision or guidance.

 

    	27

    	 	 	 

    

 

Section
6.03 Tax Allocations.

 

(a)
Subject to Section 6.03(b) through Section 6.03(e), all income, gains, losses and deductions of the Company shall
be allocated, for federal, state and local income tax purposes, among the Members in accordance with the allocation of such income,
gains, losses and deductions among the Members for computing their Capital Accounts, except that if any such allocation for tax
purposes is not permitted by the Code or other Applicable Law, the Company’s subsequent income, gains, losses and deductions
shall be allocated among the Members for tax purposes, to the extent permitted by the Code and other Applicable Law, so as to
reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.

 

(b)
Items of Company taxable income, gain, loss and deduction with respect to any property contributed to the capital of the Company
shall be allocated among the Members in accordance with Code Section 704(c) and the traditional method of Treasury Regulations
Section 1.704-3(b), so as to take account of any variation between the adjusted basis of such property to the Company for federal
income tax purposes and its Book Value.

 

(c)
If the Book Value of any Company asset is adjusted pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(f) as provided
in clause (c) of the definition of Book Value, subsequent allocations of items of taxable income, gain, loss and deduction with
respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income tax purposes
and its Book Value in the same manner as under Code Section 704(c).

 

(d)
Allocations of tax credit, tax credit recapture and any items related thereto shall be allocated to the Members according to their
interests in such items as determined by the Board taking into account the principles of Treasury Regulations Section 1.704-1(b)(4)(ii).

 

(e)
The Company shall make allocations pursuant to this Section 6.03 in accordance with the traditional method in accordance
with Treasury Regulations Section 1.704-3(d).

 

(f)
Allocations pursuant to this Section 6.03 are solely for purposes of federal, state and local taxes and shall not affect,
or in any way be taken into account in computing, any Member’s Capital Account or share of Net Income, Net Losses, Distributions
or other items pursuant to any provisions of this Agreement.

 

Section
6.04 Allocations in Respect of Transferred Units. In the event of a Transfer of Units during any Fiscal Year made in compliance
with the provisions of Article X, Net Income, Net Losses and other items of income, gain, loss and deduction of the Company
attributable to such Units for such Fiscal Year shall be determined using the interim closing of the books method.

 

Section
6.05 Curative Allocations. In the event that the Tax Matters Member determines, after consultation with counsel experienced
in income tax matters, that the allocation of any item of Company income, gain, loss or deduction is not specified in this Article
VI (an “Unallocated Item”), or that the allocation of any item of Company income, gain, loss or deduction
hereunder is clearly inconsistent with the Members’ economic interests in the Company (determined by reference to the general
principles of Treasury Regulations Section 1.704-1(b) and the factors set forth in Treasury Regulations Section 1.704-1(b)(3)(ii))
(a “Misallocated Item”), then the Board may allocate such Unallocated Items, or reallocate such Misallocated
Items, to reflect such economic interests; provided, that no such allocation will be made without the prior consent of
each Member that would be adversely and disproportionately affected thereby; and provided, further, that no such
allocation shall have any material effect on the amounts distributable to any Member, including the amounts to be distributed
upon the complete liquidation of the Company.

 

    	28

    	 	 	 

    

 

Article
VII

Distributions

 

Section
7.01 General.

 

(a)
Subject to Section 7.01(b), Section 7.02 and Section 7.04, the Board shall have sole discretion regarding
the amounts and timing of Distributions to Members, including to decide to forego payment of Distributions in order to provide
for the retention and establishment of reserves of, or payment to third parties of, such funds as it deems necessary with respect
to the reasonable business needs of the Company (which needs may include the payment or the making of provision for the payment
when due of the Company’s obligations, including, but not limited to, present and anticipated debts and obligations, capital
needs and expenses, the payment of any management or administrative fees and expenses, and reasonable reserves for contingencies).

 

(b)
Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make any Distribution to Members
if such Distribution would violate § 13-1035 of the Virginia Act or other Applicable Law.

 

Section
7.02 Priority of Distributions. After making all Distributions required for a given Fiscal Year under Section 7.04
and subject to the priority of Distributions pursuant to Section 13.03(c), if applicable, all Distributions determined
to be made by the Board pursuant to Section 7.01 shall be made in the following manner:

 

(a)
first, to the Members pro rata in proportion to their holdings of Preferred Units, until Distributions under this Section 7.02(a)
equal the Preferred Unpaid Yield in respect of all the Preferred Units owned by the Members as of the time of such Distribution;

 

(b)
second, to the Members pro rata in proportion to their holdings of Preferred Units, until Distributions under this Section
7.02(b) equal the aggregate amount of Capital Contributions attributable to the Members in respect of their acquisitions of
Preferred Units;

 

    	29

    	 	 	 

    

 

(c)
third, to the Members pro rata in proportion to their holdings of Common Units, until Distributions under this Section 7.02(c)
equal the aggregate amount of Capital Contributions attributable to the Members in respect of their acquisitions of Common
Units; and

 

(d)
fourth, any remaining amounts to the Members holding Common Units and Incentive Units (subject to Section 7.03) pro rata
in proportion to their aggregate holdings of Common Units and Incentive Units treated as one class of Units.

 

Section
7.03 Limitations on Distributions to Incentive Units.

 

(a)
Notwithstanding the provisions of Section 7.02(d), no Distribution (other than Distributions pursuant to Section 7.04)
shall be made to a Member on account of its Restricted Incentive Units. Any amount that would otherwise be Distributed to such
a Member but for the application of the preceding sentence shall instead be retained in a segregated Company account to be Distributed
in accordance with Section 7.02(d) by the Company and paid to such Member if, as and when the Restricted Incentive Unit
to which such retained amount relates vests pursuant to Error! Reference source not found..

 

(b)
It is the intention of the parties to this Agreement that Distributions to any Service Provider with respect to his Incentive
Units be limited to the extent necessary so that the related Membership Interest constitutes a Profits Interest. In furtherance
of the foregoing, and notwithstanding anything to the contrary in this Agreement, the Board shall, if necessary, limit any Distributions
to any Service Provider with respect to his Incentive Units so that such Distributions do not exceed the available profits in
respect of such Service Provider’s related Profits Interest. Available profits shall include the aggregate amount of profit
and unrealized appreciation in all of the assets of the Company between the date of issuance of such Incentive Units and the date
of such Distribution, it being understood that such unrealized appreciation shall be determined on the basis of the Profits Interest
Hurdle applicable to such Incentive Unit. In the event that a Service Provider’s Distributions and allocations with respect
to his Incentive Units are reduced pursuant to the preceding sentence, an amount equal to such excess Distributions shall be treated
as instead apportioned to the holders of Common Units and Incentive Units that have met their Profits Interest Hurdle (such Incentive
Units, “Qualifying Incentive Units”), pro rata in proportion to their aggregate holdings of Common Units and
Qualifying Incentive Units treated as one class of Units.

 

Section
7.04 Tax Advances.

 

(a)
Subject to any restrictions in any of the Company’s and/or any Company Subsidiary’s then applicable debt-financing
arrangements, and subject to the Board’s sole discretion to retain any other amounts necessary to satisfy the Company’s
and/or the Company Subsidiaries’ obligations, at least five (5) days before each date prescribed by the Code for a calendar-year
corporation to pay quarterly installments of estimated tax, the Company shall use commercially reasonable efforts to Distribute
cash to each Member in proportion to and to the extent of such Member’s Quarterly Estimated Tax Amount for the applicable
calendar quarter (each such Distribution, a “Tax Advance”).

 

    	30

    	 	 	 

    

 

(b)
If, at any time after the final Quarterly Estimated Tax Amount has been Distributed pursuant to Section 7.04(a) with respect
to any Fiscal Year, the aggregate Tax Advances to any Member with respect to such Fiscal Year are less than such Member’s
Tax Amount for such Fiscal Year (a “Shortfall Amount”), the Company shall use commercially reasonable efforts
to Distribute cash in proportion to and to the extent of each Member’s Shortfall Amount. The Company shall use commercially
reasonable efforts to Distribute Shortfall Amounts with respect to a Fiscal Year before the 75th day of the next succeeding Fiscal
Year; provided, that if the Company has made Distributions other than pursuant to this Section 7.04, the Board may
apply such Distributions to reduce any Shortfall Amount.

 

(c)
If the aggregate Tax Advances made to any Member pursuant to this Section 7.04 for any Fiscal Year exceed such Member’s
Tax Amount (an “Excess Amount”), such Excess Amount shall reduce subsequent Tax Advances that would be made
to such Member pursuant to this Section 7.04, except to the extent taken into account as an advance pursuant to Section
7.04(d).

 

(d)
Any Distributions made pursuant to this Section 7.04 shall be treated for purposes of this Agreement as advances on Distributions
pursuant to Section 7.02 and shall reduce, dollar-for-dollar, the amount otherwise Distributable to such Member pursuant
to Section 7.02.

 

Section
7.05 Tax Withholding; Withholding Advances.

 

(a)
Tax Withholding. If requested by the Board, each Member shall, if able to do so, deliver to the Board:

 

(i)
an affidavit in form satisfactory to the Board that the applicable Member (or its members, as the case may be) is not subject
to withholding under the provisions of any federal, state, local, foreign or other Applicable Law;

 

(ii)
any certificate that the Board may reasonably request with respect to any such laws; and/or

 

(iii)
any other form or instrument reasonably requested by the Board relating to any Member’s status under such law.

 

If
a Member fails or is unable to deliver to the Board the affidavit described in Section 7.05(a)(i), the Board may withhold
amounts from such Member in accordance with Section 7.05(b).

 

(b)
Withholding Advances. The Company is hereby authorized at all times to make payments (“Withholding Advances”)
with respect to each Member in amounts required to discharge any obligation of the Company (as determined by the Tax Matters Member
based on the advice of legal or tax counsel to the Company) to withhold or make payments to any federal, state, local or foreign
taxing authority (a “Taxing Authority”) with respect to any Distribution or allocation by the Company of income
or gain to such Member and to withhold the same from Distributions to such Member. Any funds withheld from a Distribution by reason
of this Section 7.05(b) shall nonetheless be deemed Distributed to the Member in question for all purposes under this Agreement
and, at the option of the Board, shall be charged against the Member’s Capital Account.

 

    	31

    	 	 	 

    

 

(c)
Repayment of Withholding Advances. Any Withholding Advance made by the Company to a Taxing Authority on behalf of a Member
and not simultaneously withheld from a Distribution to that Member shall, with interest thereon accruing from the date of payment
at a rate equal to the prime rate published in the Wall Street Journal on the date of payment plus two percent (2.0%) per
annum (the “Company Interest Rate”):

 

(i)
be promptly repaid to the Company by the Member on whose behalf the Withholding Advance was made (which repayment by the Member
shall not constitute a Capital Contribution, but shall credit the Member’s Capital Account if the Board shall have initially
charged the amount of the Withholding Advance to the Capital Account); or

 

(ii)
with the consent of the Board, be repaid by reducing the amount of the next succeeding Distribution or Distributions to be made
to such Member (which reduction amount shall be deemed to have been Distributed to the Member, but which shall not further reduce
the Member’s Capital Account if the Board shall have initially charged the amount of the Withholding Advance to the Capital
Account).

 

Interest
shall cease to accrue from the time the Member on whose behalf the Withholding Advance was made repays such Withholding Advance
(and all accrued interest) by either method of repayment described above.

 

(d)
Indemnification. Each Member hereby agrees to indemnify and hold harmless the Company and the other Members from and against
any liability with respect to taxes, interest or penalties which may be asserted by reason of the Company’s failure to deduct
and withhold tax on amounts Distributable or allocable to such Member. The provisions of this Section 7.05(d) and the obligations
of a Member pursuant to Section 7.05(c) shall survive the termination, dissolution, liquidation and winding up of the Company
and the withdrawal of such Member from the Company or Transfer of its Units. The Company may pursue and enforce all rights and
remedies it may have against each Member under this Section 7.05, including bringing a lawsuit to collect repayment with
interest of any Withholding Advances.

 

(e)
Overwithholding. Neither the Company nor the Board shall be liable for any excess taxes withheld in respect of any Distribution
or allocation of income or gain to a Member. In the event of an overwithholding, a Member’s sole recourse shall be to apply
for a refund from the appropriate Taxing Authority.

 

    	32

    	 	 	 

    

 

Section
7.06 Distributions in Kind.

 

(a)
The Board is hereby authorized, in its sole discretion, to make Distributions to the Members in the form of securities or other
property held by the Company; provided, that Tax Advances shall only be made in cash. In any non-cash Distribution, the
securities or property so Distributed will be Distributed among the Members in the same proportion and priority as cash equal
to the Fair Market Value of such securities or property would be Distributed among the Members pursuant to Section 7.02.

 

(b)
Any Distribution of securities shall be subject to such conditions and restrictions as the Board determines are required or advisable
to ensure compliance with Applicable Law. In furtherance of the foregoing, the Board may require that the Members execute and
deliver such documents as the Board may deem necessary or appropriate to ensure compliance with all federal and state securities
laws that apply to such Distribution and any further Transfer of the Distributed securities, and may appropriately legend the
certificates that represent such securities to reflect any restriction on Transfer with respect to such laws.

 

Article
VIII

Management

 

Section
8.01 Establishment of the Board. The Company is a manager-managed limited liability company. A board of managers of the Company
(the “Board”) is hereby established and shall be comprised of natural Persons (each such Person, a “Manager”)
who shall be appointed in accordance with the provisions of Section 8.02. The business and affairs of the Company shall
be managed, operated and controlled by or under the direction of the Board, and the Board shall have, and is hereby granted, the
full and complete power, authority and discretion for, on behalf of and in the name of the Company, to take such actions as it
may in its sole discretion deem necessary or advisable to carry out any and all of the objectives and purposes of the Company,
subject only to the terms of this Agreement.

 

Section
8.02 Board Composition; Vacancies.

 

(a)
The Company and the Members shall take such actions as may be required to ensure that the number of managers constituting the
Board is at least one (1) but not more than three (3) individuals. The Board shall be comprised as follows:

 

(i)
Two (2) individuals designated by the Common Majority Unitholders; and

 

(ii)
The Chief Executive Officer of the Company.

 

At
all times, the composition of any board of directors of any Company Subsidiary shall be the same as that of the Board.

 

(b)
In the event that a vacancy is created on the Board at any time due to the death, Disability, retirement of a Manager, then the
vacant position shall be filled by an individual designated by the Managers then in office; provided, that such individual
shall be removed from such position if the Common Majority Unitholders and/or Preferred Majority Unitholders pursuant to Section
8.03 so direct and simultaneously designate a new Manager.

 

    	33

    	 	 	 

    

 

(c)
If any person serving as the Chief Executive Officer of the Company resigns, is removed or is otherwise replaced, such person
shall automatically, and without any action by the Board or Members, cease to be a Manager, and the Company’s successor
Chief Executive Officer appointed pursuant to Section 8.09 shall automatically become a Manager.

 

Section
8.03 Removal; Resignation.

 

(a)
A Manager may be removed or replaced at any time from the Board only upon a showing of Cause by the Common Majority Unitholders
or the Preferred Majority Unitholders. The Chief Executive Officer may be removed in the same manner as any other Officer of the
Company, in accordance with Section 8.09.

 

(b)
In the event that a vacancy is created on the Board at any time due to the removal of a Manager by the Common Majority Unitholders,
then the Common Majority Unitholders shall have the right to designate an individual to fill such vacancy and the Company and
each Common Unit Member hereby agree to take such actions as may be required to ensure the election or appointment of such designee
to fill such vacancy on the Board. In the event that the Common Majority Unitholders shall fail to designate in writing a representative
to fill a vacant Manager position on the Board, and such failure shall continue for more than thirty (30) days after notice from
the Company to the Common Units with respect to such failure, then the vacant position shall be filled by an individual designated
by the Managers then in office; provided, that such individual shall be removed from such position if the Common Majority
Unitholders so direct and simultaneously designate a new Manager.

 

(c)
In the event that a vacancy is created on the Board at any time due to the removal of a Manager by the Preferred Majority Unitholders,
then the Preferred Majority Unitholders shall have the right to designate an individual to fill such vacancy and the Company and
each Preferred Unit Member hereby agree to take such actions as may be required to ensure the election or appointment of such
designee to fill such vacancy on the Board. In the event that the Preferred Majority Unitholders shall fail to designate in writing
a representative to fill a vacant Manager position on the Board, and such failure shall continue for more than thirty (30) days
after notice from the Company to the Preferred Units with respect to such failure, then the vacant position shall be filled by
an individual designated by the Managers then in office; provided, that such individual shall be removed from such position
if the Preferred Majority Unitholders so direct and simultaneously designate a new Manager.

 

(d)
A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall
be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other
event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

 

    	34

    	 	 	 

    

 

Section
8.04 Meetings.

 

(a)
Generally. The Board shall meet at such time and at such place as the Board may designate. Meetings of the Board may be
held either in person or by means of telephone or video conference or other communications device that permits all Managers participating
in the meeting to hear each other, at the offices of the Company or such other place (either within or outside the Commonwealth
of Virginia) as may be determined from time to time by the Board. Written notice of each meeting of the Board shall be given to
each Manager at least 24 hours prior to each such meeting.

 

(b)
Special Meetings. Special meetings of the Board shall be held on the call of any two Managers upon at least five days’
written notice (if the meeting is to be held in person) or one business day’s written notice (if the meeting is to be held
by telephone communications or video conference) to the Managers, or upon such shorter notice as may be approved by all the Managers.
Any Manager may waive such notice as to himself.

 

(c)
Attendance and Waiver of Notice. Attendance of a Manager at any meeting shall constitute a waiver of notice of such meeting,
except where a Manager attends a meeting for the express purpose of objecting to the transaction of any business on the ground
that the meeting is not lawfully called or convened. Neither the business to be transacted at, nor the purpose of, any regular
or special meeting of the Board need be specified in the notice or waiver of notice of such meeting.

 

Section
8.05 Quorum; Manner of Acting.

 

(a)
Quorum. A majority of the Managers serving on the Board shall constitute a quorum for the transaction of business of the
Board. At all times when the Board is conducting business at a meeting of the Board, a quorum of the Board must be present at
such meeting. If a quorum shall not be present at any meeting of the Board, then the Managers present at the meeting may adjourn
the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present.

 

(b)
Participation. Any Manager may participate in a meeting of the Board by means of telephone or video conference or other
communications device that permits all Managers participating in the meeting to hear each other, and participation in a meeting
by such means shall constitute presence in person at such meeting. A Manager may vote or be present at a meeting either in person
or by proxy, and such proxy may be granted in writing, by means of Electronic Transmission or as otherwise permitted by Applicable
Law.

 

(c)
Binding Act. Each Manager shall have one vote on all matters submitted to the Board or any committee thereof. With respect
to any matter before the Board, the act of a majority of the Managers constituting a quorum shall be the act of the Board.

 

    	35

    	 	 	 

    

 

Section
8.06 Action by Written Consent. Notwithstanding anything herein to the contrary, any action of the Board (or any committee
of the Board) may be taken without a meeting if either (a) a written consent of a majority of the Managers on the Board (or committee)
shall approve such action; provided, that prior written notice of such action is provided to all Managers at least one
day before such action is taken, or (b) a written consent constituting all of the Managers on the Board (or committee) shall approve
such action. Such consent shall have the same force and effect as a vote at a meeting where a quorum was present and may be stated
as such in any document or instrument filed with the Secretary of Commonwealth of Virginia.

 

Section
8.07 Compensation; No Employment.

 

(a)
Each Manager shall be reimbursed for his reasonable out-of-pocket expenses incurred in the performance of his duties as a Manager,
pursuant to such policies as from time to time established by the Board. Nothing contained in this Section 8.07 shall be
construed to preclude any Manager from serving the Company in any other capacity and receiving reasonable compensation for such
services.

 

(b)
This Agreement does not, and is not intended to, confer upon any Manager any rights with respect to continued employment by the
Company, and nothing herein should be construed to have created any employment agreement with any Manager.

 

Section
8.08 Committees.

 

(a)
Establishment. The Board may, by resolution, designate from among the Managers one or more committees, each of which shall
be comprised of one or more Managers; provided, that in no event may the Board designate any committee with all of the
authority of the Board. Subject to the immediately preceding proviso, any such committee, to the extent provided in the resolution
forming such committee, shall have and may exercise the authority of the Board, subject to the limitations set forth in Section
8.08(b). The Board may dissolve any committee or remove any member of a committee at any time.

 

(b)
Limitation of Authority. No committee of the Board shall have the authority of the Board in reference to:

 

(i)
authorizing or making Distributions to the Members;

 

(ii)
authorizing the issuance of Preferred or Common Units;

 

(iii)
approving a plan of merger or sale of the Company;

 

(iv)
recommending to the Members a voluntary dissolution of the Company or a revocation thereof;

 

(v)
filling vacancies in the Board; or

 

(vi)
altering or repealing any resolution of the Board that by its terms provides that it shall not be so amendable or repealable.

 

    	36

    	 	 	 

    

 

Section
8.09 Officers. The Board may appoint individuals as officers of the Company (the “Officers”) as it deems
necessary or desirable to carry on the business of the Company and the Board may delegate to such Officers such power and authority
as the Board deems advisable. No Officer need be a Member or Manager, except that the Chief Executive Officer shall automatically
become a Manager pursuant to Section 8.01. Any individual may hold two or more offices of the Company. Each Officer shall
hold office until his successor is designated by the Board or until his earlier death, resignation or removal. Any Officer may
resign at any time upon written notice to the Board. Any Officer may be removed by the Board (acting by majority vote of all Managers
other than the Officer being considered for removal, if applicable) with or without cause at any time. A vacancy in any office
occurring because of death, resignation, removal or otherwise, may, but need not, be filled by the Board.

 

Section
8.10 No Personal Liability. Except as otherwise provided in the Virginia Act, by Applicable Law or expressly in this Agreement,
no Manager will be obligated personally for any debt, obligation or liability of the Company or of any Company Subsidiaries, whether
arising in contract, tort or otherwise, solely by reason of being a Manager.

 

Article
IX

Pre-emptive and Conversion Rights

 

Section
9.01 Pre-emptive Right.

 

(a)
Issuance of New Securities. The Company hereby grants to each holder of Preferred Units or Common Units (each, a “Pre-emptive
Member”) the right (but not an obligation) to purchase its Applicable Pro Rata Portion of any New Securities that the
Company may from time to time propose to issue or sell to any party between the date hereof and the consummation of a Qualified
Public Offering.

 

(b)
Definition of New Securities. As used herein:

 

(i)
the term “New Preferred Securities” shall mean any authorized but unissued Preferred Units and any Unit Equivalents
convertible into Preferred Units, exchangeable or exercisable for Preferred Units, or providing a right to subscribe for, purchase
or acquire Preferred Units;

 

(ii)
the term “New Common Securities” shall mean any authorized but unissued Common Units and any Unit Equivalents
convertible into Common Units, exchangeable or exercisable for Common Units, or providing a right to subscribe for, purchase or
acquire Common Units; and

 

(iii)
the term “New Securities” shall mean the New Preferred Securities and the New Common Securities, as applicable;

 

    	37

    	 	 	 

    

 

provided,
that neither the term “New Preferred Securities” nor the term “New Common Securities” shall include Units
or Unit Equivalents issued or sold by the Company in connection with: (A) a grant to any existing or prospective Managers, Officers
or other Service Providers pursuant to any Incentive Plan or similar equity-based plans or other compensation agreement; (B) the
conversion or exchange of any securities of the Company into Units, or the exercise of any warrants or other rights to acquire
Units; (C) any acquisition by the Company or any Company Subsidiary of any equity interests, assets, properties or business of
any Person; (D) any merger, consolidation or other business combination involving the Company or any Company Subsidiary; (E) the
commencement of any Public Offering or any transaction or series of related transactions involving a Change of Control; (F) any
subdivision of Units (by a split of Units or otherwise), payment of Distributions or any similar recapitalization; (G) any private
placement of warrants to purchase Membership Interests to lenders or other institutional investors (excluding the Members) in
any arm’s length transaction in which such lenders or investors provide debt financing to the Company or any Company Subsidiary;
(H) a joint venture, strategic alliance or other commercial relationship with any Person (including Persons that are customers,
suppliers and strategic partners of the Company or any Company Subsidiary) relating to the operation of the Company’s or
any Company Subsidiary’s business and not for the primary purpose of raising equity capital; or (I) any office lease or
equipment lease or similar equipment financing transaction in which the Company or any Company Subsidiary obtains from a lessor
or vendor the use of such office space or equipment for its business.

 

(c)
Additional Issuance Notices. The Company shall give written notice (an “Issuance Notice”) of any proposed
issuance or sale described in Section 9.01(a) to the Pre-emptive Members within five (5) Business Days following any meeting
of the Board at which any such issuance or sale is approved. The Issuance Notice shall, if applicable, be accompanied by a written
offer from any prospective purchaser seeking to purchase New Securities (a “Prospective Purchaser”) and shall
set forth the material terms and conditions of the proposed issuance or sale, including:

 

(i)
the number and description of the New Securities proposed to be issued and the percentage of the Company’s Units then outstanding
on a Fully Diluted Basis (both in the aggregate and with respect to each class or series of Units proposed to be issued) that
such issuance would represent;

 

(ii)
the proposed issuance date, which shall be at least twenty (20) Business Days from the date of the Issuance Notice;

 

(iii)
the proposed purchase price per unit of the New Securities; and

 

(iv)
if the consideration to be paid by the Prospective Purchaser includes non-cash consideration, the Board’s good-faith determination
of the Fair Market Value thereof.

 

The
Issuance Notice shall also be accompanied by a current copy of the Members Schedule indicating the Pre-emptive Members’
holdings of Preferred Units and Common Units in a manner that enables each Pre-emptive Member to calculate its Preferred Pro Rata
Portion of any New Preferred Securities and its Common Pro Rata Portion of any New Common Securities.

 

    	38

    	 	 	 

    

 

(d)
Exercise of Pre-emptive Rights. Each Pre-emptive Member shall for a period of ten (10) Business Days following the receipt
of an Issuance Notice (the “Exercise Period”) have the right to elect irrevocably to purchase all or any portion
of its Preferred Pro Rata Portion of any New Preferred Securities and all or any portion of its Common Pro Rata Portion of any
New Common Securities, as applicable, at the respective purchase prices set forth in the Issuance Notice by delivering a written
notice to the Company (an “Acceptance Notice”) specifying the number of New Preferred Securities and/or New
Common Securities it desires to purchase. If both New Preferred Securities and New Common Securities are offered in the Issuance
Notice, the Pre-emptive Members shall have the right to elect to purchase only New Preferred Securities or only New Common Securities.
The delivery of an Acceptance Notice by a Pre-emptive Member shall be a binding and irrevocable offer by such Member to purchase
the New Securities described therein. The failure of a Pre-emptive Member to deliver an Acceptance Notice by the end of the Exercise
Period shall constitute a waiver of its rights under this Article IX with respect to the purchase of such New Securities,
but shall not affect its rights with respect to any future issuances or sales of New Securities.

 

(e)
Over-allotment. No later than five (5) Business Days following the expiration of the Exercise Period, the Company shall
notify each Pre-emptive Member in writing of the number of New Securities that each Pre-emptive Member has agreed to purchase
(including, for the avoidance of doubt, where such number is zero) (the “Over-allotment Notice”). Each Pre-emptive
Member exercising its rights to purchase its Applicable Pro Rata Portion of the New Securities in full (an “Exercising
Member”) shall have a right of over-allotment such that if any other Pre-emptive Member has failed to exercise its right
under this Article IX to purchase its full Applicable Pro Rata Portion of the New Securities (each, a “Non-Exercising
Member”), such Exercising Member may purchase its Applicable Pro Rata Portion of such Non-Exercising Member’s
allotment by giving written notice to the Company within five (5) Business Days of receipt of the Over-allotment Notice (the “Over-allotment
Exercise Period”).

 

(f)
Sales to the Prospective Purchaser. Following the expiration of the Exercise Period and, if applicable, the Over-allotment
Exercise Period, the Company shall be free to complete the proposed issuance or sale of New Securities described in the Issuance
Notice with respect to which Pre-emptive Members declined to exercise the pre-emptive right set forth in this Article IX
on terms no less favorable to the Company than those set forth in the Issuance Notice (except that the amount of New Securities
to be issued or sold by the Company may be reduced); provided, that: (i) such issuance or sale is closed within twenty
(20) Business Days after the expiration of the Exercise Period and, if applicable, the Over-allotment Exercise Period (subject
to the extension of such twenty (20) Business Day period for a reasonable time not to exceed forty (40) Business Days to the extent
reasonably necessary to obtain any third-party approvals); and (ii) for the avoidance of doubt, the price at which the New Securities
are sold to the Prospective Purchaser is at least equal to or higher than the purchase price described in the Issuance Notice.
In the event the Company has not sold such New Securities within such time period, the Company shall not thereafter issue or sell
any New Securities without first again offering such securities to the Members in accordance with the procedures set forth in
this Article IX.

 

    	39

    	 	 	 

    

 

(g)
Closing of the Issuance. The closing of any purchase by any Pre-emptive Member shall be consummated concurrently with the
consummation of the issuance or sale described in the Issuance Notice. Upon the issuance or sale of any New Securities in accordance
with this Article IX, the Company shall deliver the New Securities free and clear of any liens (other than those arising
hereunder and those attributable to the actions of the purchasers thereof), and the Company shall so represent and warrant to
the purchasers thereof, and further represent and warrant to such purchasers that such New Securities shall be, upon issuance
thereof to the Exercising Members and after payment therefor, duly authorized, validly issued, fully paid and non-assessable.
The Company, in the discretion of the Board pursuant to Section 3.06(a), may deliver to each Exercising Member certificates
evidencing the New Securities. Each Exercising Member shall deliver to the Company the purchase price for the New Securities purchased
by it by certified or bank check or wire transfer of immediately available funds. Each party to the purchase and sale of New Securities
shall take all such other actions as may be reasonably necessary to consummate the purchase and sale including, without limitation,
entering into such additional agreements as may be necessary or appropriate.

 

Section
9.02 Conversion Right.

 

(a)
Helpful Alliance Company. At any time following the six months from the date the common stock of Helpful Alliance Company
is approved by FINRA for quotation on the OTC Markets’ OTCQB tier, a Member may elect to convert any of his Units into common
stock of Helpful Alliance Company (the “Conversion Shares”) based on a 20% discount to the average of the closing
price of the common stock for the 20 consecutive trading days prior to the date of election. The Member shall agree to complete
all documentation necessary for such conversion. Nothing contained herein shall be construed to compel Helpful Alliance Company
to issue the Conversion Shares in any state where such issuance would be deemed to be unlawful or to register the Conversion Shares
under the Securities Act with the SEC or with any state or jurisdiction under any Applicable Law.

 

Article
X

Transfer

 

Section
10.01 General Restrictions on Transfer.

 

(a)
Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted
Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 10.02 or
in accordance with the procedures described in Section 10.03 through Section 10.07, as applicable. Notwithstanding
the foregoing or anything in this Agreement to the contrary,

 

    	40

    	 	 	 

    

 

(i)
Transfers of Incentive Units shall not be permitted prior to the consummation of a Qualified Public Offering except:

 

	 	(A)	pursuant to Section 10.02;
	 	 	 
	 	(B)	when required of a Drag-along Member pursuant
    to Section 10.04;
	 	 	 
	 	(C)	as set forth in Section 10.06 and Section
    10.07; or
	 	 	 
	 	(D)	as set forth in the Incentive Plan or applicable
    Award Agreement.

 

(ii)
Transfers of Units or Unit Equivalents (other than Incentive Units which are covered by Section 10.01(a)(i) above) by a
Member (or any Permitted Transferee of a Member) shall not be permitted prior to the first anniversary of the date of this Agreement
(after which time any such Transfer shall be subject to the restrictions in the first sentence of this Section 10.01(a)),
except:

 

	 	(A)	pursuant to Section 10.02;
	 	 	 
	 	(B)	when required of
    a Drag-along Member pursuant to Section 10.04; or
	 	 	 
	 	(C)	upon the exercise
    of a tag-along right by a Tag-along Member pursuant to Section 10.05.

 

No
Transfer of Units or Unit Equivalents to a Person not already a Member of the Company shall be deemed completed until the prospective
Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.

 

(b)
Notwithstanding any other provision of this Agreement (including Section 10.02), prior to the consummation of a Qualified
Public Offering, each Member agrees that it will not, directly or indirectly, Transfer any of its Units or Unit Equivalents, and
the Company agrees that it shall not issue any Units or Unit Equivalents:

 

(i)
except as permitted under the Securities Act and other applicable federal or state securities or blue sky laws, and then, with
respect to a Transfer of Units or Unit Equivalents, if requested by the Company, only upon delivery to the Company of an opinion
of counsel in form and substance satisfactory to the Company to the effect that such Transfer may be effected without registration
under the Securities Act;

 

(ii)
if such Transfer or issuance would cause the Company to be considered a “publicly traded partnership” under Section
7704(b) of the Code within the meaning of Treasury Regulation Section 1.7704-1(h)(1)(ii), including the look-through rule in Treasury
Regulation Section 1.7704-1(h)(3);

 

    	41

    	 	 	 

    

 

(iii)
if such Transfer or issuance would affect the Company’s existence or qualification as a limited liability company under
the Virginia Act;

 

(iv)
if such Transfer or issuance would cause the Company to lose its status as a partnership for federal income tax purposes;

 

(v)
if such Transfer or issuance would cause a termination of the Company for federal income tax purposes;

 

(vi)
if such Transfer or issuance would cause the Company or any of the Company Subsidiaries to be required to register as an investment
company under the Investment Company Act of 1940, as amended; or

 

(vii)
if such Transfer or issuance would cause the assets of the Company or any of the Company Subsidiaries to be deemed “Plan
Assets” as defined under the Employee Retirement Income Security Act of 1974 or its accompanying regulations or result in
any “prohibited transaction” thereunder involving the Company or any Company Subsidiary.

 

In
any event, the Board may refuse the Transfer to any Person if such Transfer would have a material adverse effect on the Company
as a result of any regulatory or other restrictions imposed by any Governmental Authority.

 

(c)
Any Transfer or attempted Transfer of any Units or Unit Equivalents in violation of this Agreement shall be null and void, no
such Transfer shall be recorded on the Company’s books and the purported Transferee in any such Transfer shall not be treated
(and the purported Transferor shall continue be treated) as the owner of such Units or Unit Equivalents for all purposes of this
Agreement.

 

(d)
For the avoidance of doubt, any Transfer of Units or Unit Equivalents permitted by Section 10.02 or made in accordance
with the procedures described in Section 10.03 through Section 10.07, as applicable, and purporting to be a sale,
transfer, assignment or other disposal of the entire Membership Interest represented by such Units or Unit Equivalents, inclusive
of all the rights and benefits applicable to such Membership Interest as described in the definition of the term “Membership
Interest,” shall be deemed a sale, transfer, assignment or other disposal of such Membership Interest in its entirety
as intended by the parties to such Transfer, and shall not be deemed a sale, transfer, assignment or other disposal of any less
than all of the rights and benefits described in the definition of the term “Membership Interest,” unless otherwise
explicitly agreed to by the parties to such Transfer.

 

Section
10.02 Permitted Transfers. The provisions of Section 10.01(a), Section 10.03, Section 10.04 (with respect
to the Dragging Member only) and Section 10.05 shall not apply to any of the following Transfers by any Member of any of
its Units or Unit Equivalents:

 

    	42

    	 	 	 

    

 

(a)
With respect to Sponsor, to (i) any Affiliate of Sponsor and (ii) in the event of a winding up of Sponsor, any of its limited
partners in accordance with its constitutive documents;

 

(b)
With respect to any Member, to (i) such Member’s spouse, parent, siblings, descendants (including adoptive relationships
and stepchildren) and the spouses of each such natural persons (collectively, “Family Members”), (ii) a trust
under which the distribution of Units may be made only to such Member and/or any Family Member of such Member, (iii) a charitable
remainder trust, the income from which will be paid to such Member during his life, (iv) a corporation, partnership or limited
liability company, the stockholders, partners or members of which are only such Member and/or Family Members of such Member, or
(v) by will or by the laws of intestate succession, to such Member’s executors, administrators, testamentary trustees, legatees
or beneficiaries; provided, that any Member who Transfers Units shall remain bound by the provisions of Section 11.01;
or

 

(c)
Pursuant to a Public Offering.

 

Section
10.03 Right of First Refusal.

 

(a)
Offered Units.

 

(i)
At any time prior to the consummation of a Qualified Public Offering, and subject to the terms and conditions specified in Section
10.01, Section 10.02 and this Section 10.03, the Company, first, and each Member holding Preferred Units and/or
Common Units (as applicable), second, shall have a right of first refusal if any other Member (the “Offering Member”)
receives a bona fide offer that the Offering Member desires to accept to Transfer all or any portion of the Preferred Units (or
applicable Unit Equivalents) (the “Offered Preferred Units”) and/or Common Units (or applicable Unit Equivalents)
(the “Offered Common Units”) it owns (the Offered Preferred Units and the Offered Common Units, collectively,
the “Offered Units”).

 

(ii)
As used herein, the term “Applicable Offered Units” shall mean (A) the Offered Preferred Units with respect
to those Members holding Preferred Units (or applicable Unit Equivalents) (the “Applicable Offered Preferred Units”)
and (B) the Offered Common Units with respect to those Members holding Common Units (or applicable Unit Equivalents) (the “Applicable
Offered Common Units”). As used herein, the term “Applicable ROFR Rightholders” shall mean, in the
case of a proposed Transfer of Preferred Units (or applicable Unit Equivalents), all Members other than the Offering Member holding
Preferred Units (or applicable Unit Equivalents), and in the case of a proposed Transfer of Common Units (or applicable Unit Equivalents),
all Members other than the Offering Member holding Common Units (or applicable Unit Equivalents); provided, that in the
case of the Sponsor, in each case, Applicable ROFR Rightholder shall include the Sponsor and each of its Affiliates (including
funds and other investment vehicles that have affiliated but not identical managing members or general partners).

 

    	43

    	 	 	 

    

 

(b)
Offering; Exceptions. Each time the Offering Member receives an offer for a Transfer of any of its Preferred Units and/or
Common Units (or applicable Unit Equivalents) (other than Transfers that (i) are permitted by Section 10.02, (ii) are proposed
to be made by a Dragging Member or required to be made by a Drag-along Member pursuant to Section 10.04, or (iii) are made
by a Tag-along Member upon the exercise of its tag-along right pursuant to Section 10.05 after the Company and Applicable
ROFR Rightholders have declined to exercise their rights in full under this Section 10.03), the Offering Member shall first
make an offering of the Offered Units to the Company, first, and the Applicable ROFR Rightholders, second, all in
accordance with the following provisions of this Section 10.03, prior to Transferring such Offered Units to the proposed
purchaser.

 

(c)
Offer Notice.

 

(i)
The Offering Member shall, within five (5) Business Days of receipt of the Transfer offer, give written notice (the “Offering
Member Notice”) to the Company and the Applicable ROFR Rightholders stating that it has received a bona fide offer for
a Transfer of its Preferred Units and/or Common Units (or applicable Unit Equivalents) and specifying:

 

	 	(A)	the
    number of Offered Preferred Units and/or Offered Common Units to be Transferred by the Offering Member;
	 	 	 
	 	(B)	the
    proposed date, time and location of the closing of the Transfer, which shall not be less than 60 (sixty) Business Days/days
    from the date of the Offering Member Notice;
	 	 	 
	 	(C)	the
    purchase price per Applicable Offered Unit (which shall be payable solely in cash) and the other material terms and conditions
    of the Transfer; and
	 	 	 
	 	(D)	the
    name of the Person who has offered to purchase such Offered Units.

 

(ii)
The Offering Member Notice shall constitute the Offering Member’s offer to Transfer the Offered Units to the Company and
the Applicable ROFR Rightholders, which offer shall be irrevocable until the end of the ROFR Rightholder Option Period described
in Section 10.03(d)(iv).

 

(iii)
By delivering the Offering Member Notice, the Offering Member represents and warrants to the Company and each Applicable ROFR
Rightholder that:

 

	 	(A)	the
    Offering Member has full right, title and interest in and to the Offered Units;
	 	 	 
	 	(B)	the
    Offering Member has all the necessary power and authority and has taken all necessary action to Transfer such Offered Units
    as contemplated by this Section
    10.03; and
	 	 	 
	 	(C)	the
    Offered Units are free and clear of any and all liens other than those arising as a result of or under the terms of this Agreement.

 

    	44

    	 	 	 

    

 

(d)
Exercise of Right of First Refusal.

 

(i)
Upon receipt of the Offering Member Notice, the Company and each Applicable ROFR Rightholder shall have the right to purchase
the Applicable Offered Units in the following order of priority: first, the Company shall have the right to purchase all
or any portion of the Offered Units in accordance with the procedures set forth in Section 10.03(d)(iii), and thereafter,
the Applicable ROFR Rightholders shall have the right to purchase the Applicable Offered Units, in accordance with the procedures
set forth in Section 10.03(d)(iv), to the extent the Company does not exercise its right in full. Notwithstanding the foregoing,
the Company and the Applicable ROFR Rightholders may only exercise their right to purchase the Offered Units if, after giving
effect to all elections made under this Section 10.03(d), no less than all of the Offered Units will be purchased by the
Company and/or the Applicable ROFR Rightholders.

 

(ii)
For the avoidance of doubt, in the event of a proposed Transfer of both Preferred Units and Common Units (and/or applicable Unit
Equivalents), the Offering Member may deliver a single Offering Member Notice to the Company and all Members holding any Preferred
Units or Common Units (and/or applicable Unit Equivalents). Upon their receipt of the Offering Member Notice: first, the
Company shall have the right to elect to purchase all or any portion of the Offered Preferred Units, the Offered Common Units,
or both; and thereafter, any Member holding only Preferred Units shall have the right to purchase the Offered Preferred
Units, any Member holding only Common Units shall have the right to purchase the Offered Common Units, and any Member holding
both Preferred Units and Common Units shall have the right to elect to purchase both or either the Offered Preferred Units or
the Offered Common Units without purchasing any Units of the other class or series; provided, in all cases, that the Company’s
and Applicable ROFR Rightholders’ rights to purchase any Offered Preferred Units or any Offered Common Units will only be
exercisable if, after giving effect to all elections made under this Section 10.03(d), the Company and/or the Applicable
ROFR Rightholders shall have elected to purchase no less than all the Offered Preferred Units and all the Offered Common Units.

 

(iii)
The initial right of the Company to purchase any Offered Units shall be exercisable with the delivery of a written notice (the
“Company ROFR Exercise Notice”) by the Company to the Offering Member and the Applicable ROFR Rightholders
within ten (10) Business Days/days of receipt of the Offering Member Notice (the “Company Option Period”),
stating the number (including where such number is zero) and type of Offered Units the Company elects irrevocably to purchase
on the terms and respective purchase prices set forth in the Offering Member Notice. The Company ROFR Exercise Notice shall be
binding upon delivery and irrevocable by the Company.

 

    	45

    	 	 	 

    

 

(iv)
If the Company shall have indicated an intent to purchase any less than all of the Offered Preferred Units and/or all of Offered
Common Units, the Applicable ROFR Rightholders shall have the right to purchase the remaining Applicable Offered Units not selected
by the Company. For a period of fifteen (15) Business Days following the receipt of a Company ROFR Exercise Notice in which the
Company has elected to purchase less than all the Offered Units (such period, the “ROFR Rightholder Option Period”),
each Applicable ROFR Rightholder shall have the right to elect irrevocably to purchase all or none of its Preferred Pro Rata Portion
of the remaining Applicable Offered Preferred Units and/or all or none of its Common Pro Rata Portion of the remaining Applicable
Offered Common Units by delivering a written notice to the Company and the Offering Member (a “Member ROFR Exercise Notice”)
specifying its desire to purchase its Preferred Pro Rata Portion of the remaining Applicable Offered Preferred Units and/or its
Common Pro Rata Portion of the remaining Applicable Offered Common Units, on the terms and respective purchase prices set forth
in the Offering Member Notice. In addition, each Applicable ROFR Rightholder shall include in its Member ROFR Exercise Notice
the number of remaining Applicable Offered Units that it wishes to purchase if any other Applicable ROFR Rightholders do not exercise
their rights to purchase their entire Applicable Pro Rata Portions of the remaining Applicable Offered Units. Any Member ROFR
Exercise Notice shall be binding upon delivery and irrevocable by the Applicable ROFR Rightholder.

 

(v)
The failure of the Company or any Applicable ROFR Rightholder to deliver a Company ROFR Exercise Notice or Member ROFR Exercise
Notice, respectively, by the end of the Company Option Period or ROFR Rightholder Option Period, respectively, shall constitute
a waiver of their respective rights of first refusal under this Section 10.03 with respect to the Transfer of Offered Units,
but shall not affect their respective rights with respect to any future Transfers.

 

(e)
Allocation of Offered Units. Upon the expiration of the ROFR Rightholder Option Period, the Applicable Offered Units not
selected for purchase by the Company pursuant to Section 10.03(d)(iii) shall be allocated for purchase among the Applicable
ROFR Rightholders as follows:

 

(i)
First, to each Applicable ROFR Rightholder having elected to purchase its entire Applicable Pro Rata Portion of such Units, such
Applicable ROFR Rightholder’s Applicable Pro Rata Portion of such Units; and

 

(ii)
Second, the balance, if any, not allocated under clause (i) above (and not purchased by the Company pursuant to Section 10.03(d)(iii)),
shall be allocated to those Applicable ROFR Rightholders who set forth in their Member ROFR Exercise Notices a number of Applicable
Offered Units that exceeded their respective Applicable Pro Rata Portions (the “Purchasing Rightholders”),
in an amount, with respect to each such Purchasing Rightholder, that is equal to the lesser of:

 

	 	(A)	the
    number of Applicable Offered Units that such Purchasing Rightholder elected to purchase in excess of its Applicable Pro Rata
    Portion; or
	 	 	 
	 	(B)	the
    product of (x) the number of Applicable Offered Units not allocated under clause (i) (and not purchased by the Company pursuant
    to Section
    10.03(d)(iii)), multiplied by (y) a fraction, the numerator of which is the number of Applicable
    Offered Units that such Purchasing Rightholder was permitted to purchase pursuant to clause (i), and the denominator of which
    is the aggregate number of Applicable Offered Units that all Purchasing Rightholders were permitted to purchase pursuant to
    clause (i).

 

    	46

    	 	 	 

    

 

The
process described in clause (ii) shall be repeated until no Offered Units remain or until such time as all Purchasing Rightholders
have been permitted to purchase all Applicable Offered Units that they desire to purchase.

 

(f)
Consummation of Sale. In the event that the Company and/or the Applicable ROFR Rightholders shall have, in the aggregate,
exercised their respective rights to purchase all and not less than all of the Offered Units, then the Offering Member shall sell
such Offered Units to the Company and/or the Applicable ROFR Rightholders, and the Company and/or the Applicable ROFR Rightholders,
as the case may be, shall purchase such Offered Units, within sixty (60) days following the expiration of the ROFR Rightholder
Option Period (which period may be extended for a reasonable time not to exceed ninety (90) days to the extent reasonably necessary
to obtain required approvals or consents from any Governmental Authority). Each Member shall take all actions as may be reasonably
necessary to consummate the sale contemplated by this Section 10.03(f), including, without limitation, entering into agreements
and delivering certificates and instruments and consents as may be deemed necessary or appropriate. At the closing of any sale
and purchase pursuant to this Section 10.03(f), the Offering Member shall deliver to the Company and/or the participating
Applicable ROFR Rightholders certificates (if any) representing the Offered Units to be sold, free and clear of any liens or encumbrances
(other than those contained in this Agreement), accompanied by evidence of transfer and all necessary transfer taxes paid and
stamps affixed, if necessary, against receipt of the purchase price therefor from the Company and/or such Applicable ROFR Rightholders
by certified or official bank check or by wire transfer of immediately available funds.

 

(g)
Sale to Proposed Purchaser. In the event that the Company and/or the Applicable ROFR Rightholders shall not have collectively
elected to purchase all of the Offered Units, then, provided the Offering Member has also complied with the provisions of Section
10.05, to the extent applicable, the Offering Member may Transfer all of such Offered Units, at a price per Applicable Offered
Unit not less than specified in the Offering Member Notice and on other terms and conditions which are not materially more favorable
in the aggregate to the proposed purchaser than those specified in the Offering Member Notice, but only to the extent that such
Transfer occurs within ninety (90) days after expiration of the ROFR Rightholder Option Period. Any Offered Units not Transferred
within such 90-day period will be subject to the provisions of this Section 10.03 upon subsequent Transfer.

 

    	47

    	 	 	 

    

 

Section
10.04 Drag-along Rights.

 

(a)
Participation. At any time prior to the consummation of a Qualified Public Offering, if one or more Members (together with
their respective Permitted Transferees) holding no less than 2/3rd of the outstanding Common Units (such Member or
Members, the “Dragging Member”), proposes to consummate, in one transaction or a series of related transactions,
a Change of Control (a “Drag-along Sale”), the Dragging Member shall have the right, after delivering the Drag-along
Notice in accordance with Section 10.04(c) and subject to compliance with Section 10.04(d), to require that each
other Member (each, a “Drag-along Member”) participate in such sale (including, if necessary, by converting
their Unit Equivalents into the Units to be sold in the Drag-along Sale) in the manner set forth in Section 10.04(b).

 

(b)
Sale of Units. Subject to compliance with Section 10.04(d):

 

(i)
If the Drag-along Sale is structured as a sale resulting in a majority of the Common Units of the Company on a Fully Diluted Basis
being held by a Third Party Purchaser, then each Drag-along Member shall sell, with respect to each class or series of Units proposed
by the Dragging Member to be included in the Drag-along Sale, the number of Units and/or Unit Equivalents of such class or series
(with Common Units and Incentive Units treated as one class for this purpose) equal to the product obtained by multiplying (i)
the number of applicable Units on a Fully Diluted Basis held by such Drag-along Member (with Common Units and Incentive Units
treated as one class) by (ii) a fraction (x) the numerator of which is equal to the number of applicable Units on a Fully Diluted
Basis that the Dragging Member proposes to sell in the Drag-along Sale (with Common Units and Incentive Units treated as one class)
and (y) the denominator of which is equal to the number of applicable Units on a Fully Diluted Basis held by the Dragging Member
at such time (with Common Units and Incentive Units treated as one class); and

 

(ii)
If the Drag-along Sale is structured as a sale of all or substantially all of the consolidated assets of the Company and the Company
Subsidiaries or as a merger, consolidation, recapitalization, or reorganization of the Company or other transaction requiring
the consent or approval of the Members, then notwithstanding anything to the contrary in this Agreement (including Section
4.06), each Drag-along Member shall vote in favor of the transaction and otherwise consent to and raise no objection to such
transaction, and shall take all actions to waive any dissenters’, appraisal or other similar rights that it may have in
connection with such transaction. The Distribution of the aggregate consideration of such transaction shall be made in accordance
with Section 13.03(c).

 

(c)
Sale Notice. The Dragging Member shall exercise its rights pursuant to this Section 10.04 by delivering a written
notice (the “Drag-along Notice”) to the Company and each Drag-along Member no more than ten (10) Business Days
after the execution and delivery by all of the parties thereto of the definitive agreement entered into with respect to the Drag-along
Sale and, in any event, no later than twenty (20) Business Days prior to the closing date of such Drag-along Sale. The Drag-along
Notice shall make reference to the Dragging Members’ rights and obligations hereunder and shall describe in reasonable detail:

 

    	48

    	 	 	 

    

 

(i)
The name of the person or entity to whom such Units are proposed to be sold;

 

(ii)
The proposed date, time and location of the closing of the sale;

 

(iii)
The number of each class or series of Units to be sold by the Dragging Member, the proposed amount of consideration for the Drag-along
Sale and the other material terms and conditions of the Drag-along Sale, including a description of any non-cash consideration
in sufficient detail to permit the valuation thereof and including, if available, the purchase price per Unit of each applicable
class or series (which may take into account the Profits Interest Hurdle of any Incentive Units to be sold); and

 

(iv)
A copy of any form of agreement proposed to be executed in connection therewith.

 

(d)
Conditions of Sale. The obligations of the Drag-along Members in respect of a Drag-along Sale under this Section 10.04
are subject to the satisfaction of the following conditions:

 

(i)
The consideration to be received by each Drag-along Member shall be the same form and amount of consideration to be received by
the Dragging Member per Unit of each applicable class or series (the Distribution of which shall be made in accordance with Section
10.04(b)) and the terms and conditions of such sale shall, except as otherwise provided in Section 10.04(d)(iii), be
the same as those upon which the Dragging Member sells its Units;

 

(ii)
If the Dragging Member or any Drag-along Member is given an option as to the form and amount of consideration to be received,
the same option shall be given to all Drag-along Members; and

 

(iii)
Each Drag-along Member shall execute the applicable purchase agreement, if applicable, and make or provide the same representations,
warranties, covenants, indemnities and agreements as the Dragging Member makes or provides in connection with the Drag-along Sale;
provided, that each Drag-along Member shall only be obligated to make individual representations and warranties with respect
to its title to and ownership of the applicable Units, authorization, execution and delivery of relevant documents, enforceability
of such documents against the Drag-along Member, and other matters relating to such Drag-along Member, but not with respect to
any of the foregoing with respect to any other Members or their Units; provided, further, that all representations,
warranties, covenants and indemnities shall be made by the Dragging Member and each Drag-along Member severally and not jointly
and any indemnification obligation shall be pro rata based on the consideration received by the Dragging Member and each Drag-along
Member, in each case in an amount not to exceed the aggregate proceeds received by the Dragging Member and each such Drag-along
Member in connection with the Drag-along Sale.

 

    	49

    	 	 	 

    

 

(e)
Cooperation. Each Drag-along Member shall take all actions as may be reasonably necessary to consummate the Drag-along
Sale, including, without limitation, entering into agreements and delivering certificates and instruments, in each case, consistent
with the agreements being entered into and the certificates being delivered by the Dragging Member, but subject to Section
10.04(d)(iii).

 

(f)
Expenses. The fees and expenses of the Dragging Member incurred in connection with a Drag-along Sale and for the benefit
of all Drag-along Members (it being understood that costs incurred by or on behalf of a Dragging Member for its sole benefit will
not be considered to be for the benefit of all Drag-along Members), to the extent not paid or reimbursed by the Company or the
Third Party Purchaser, shall be shared by the Dragging Member and all the Drag-along Members on a pro rata basis, based on the
consideration received by each such Member; provided, that no Drag-along Member shall be obligated to make any out-of-pocket
expenditure prior to the consummation of the Drag-along Sale.

 

(g)
Consummation of Sale. The Dragging Member shall have ninety (90) days following the date of the Drag-along Notice in which
to consummate the Drag-along Sale, on the terms set forth in the Drag-along Notice (which 90-day period may be extended for a
reasonable time not to exceed one-hundred and twenty (120) days to the extent reasonably necessary to obtain required approvals
or consents from any Governmental Authority). If at the end of such period the Dragging Member has not completed the Drag-along
Sale, the Dragging Member may not then exercise its rights under this Section 10.04 without again fully complying with
the provisions of this Section 10.04.

 

Section
10.05 Tag-along Rights.

 

(a)
Participation. At any time prior to the consummation of a Qualified Public Offering, and subject to the terms and conditions
specified in Section 10.01, Section 10.02 and Section 10.03, if any Member (the “Selling Member”)
proposes to Transfer any of its Preferred Units and/or Common Units (or any Unit Equivalents of such Units) to any Person (a “Proposed
Transferee”), each other Member (each, a “Tag-along Member”) shall be permitted to participate in
such sale (a “Tag-along Sale”) on the terms and conditions set forth in this Section 10.05.

 

(b)
Application of Transfer Restrictions. The provisions of this Section 10.05 shall only apply to Transfers in which:

 

(i)
The Company and Applicable ROFR Rightholders have not exercised their rights in full under Section 10.03 to purchase all
of the Offered Units; and

 

(ii)
The Dragging Member has elected to not exercise its drag-along right under Section 10.04.

 

    	50

    	 	 	 

    

 

(c)
Sale Notice. Prior to the consummation of any Transfer of Preferred Units and/or Common Units (or any Unit Equivalents
of such Units) qualifying under Section 10.05(b), and after satisfying its obligations pursuant to Section 10.03,
the Selling Member shall deliver to the Company and each other Member holding Units (or any Unit Equivalents of such Units) of
the class or series proposed to be Transferred a written notice (a “Sale Notice”) of the proposed Tag-along
Sale as soon as practicable following the expiration of the ROFR Rightholder Option Period, and in no event later than five (5)
Business Days thereafter. The Sale Notice shall make reference to the Tag-along Members’ rights hereunder and shall describe
in reasonable detail:

 

(i)
The aggregate number of Common Units and/or Preferred Units (or any Unit Equivalents of such Units) the Proposed Transferee has
offered to purchase;

 

(ii)
The identity of the Proposed Transferee;

 

(iii)
The proposed date, time and location of the closing of the Tag-along Sale;

 

(iv)
The purchase price per applicable Unit (which shall be payable solely in cash) and the other material terms and conditions of
the Transfer; and

 

(v)
A copy of any form of agreement proposed to be executed in connection therewith.

 

(d)
Exercise of Tag-along Right.

 

(i)
The Selling Member and each Tag-along Member timely electing to participate in the Tag-along Sale pursuant to Section 10.05(d)(ii)
shall have the right to Transfer in the Tag-along Sale the number of Common Units and/or Preferred Units (and applicable Unit
Equivalents, if any), as the case may be and with the Common Units and Preferred units treated as separate classes for purposes
of this calculation, equal to the product of (x) the aggregate number of Common Units or Preferred Units (and applicable Unit
Equivalents), as the case may be, that the Proposed Transferee proposes to buy as stated in the Sale Notice and (y) a fraction
(A) the numerator of which is equal to the number of Common Units or Preferred Units, as the case may be, on a Fully Diluted Basis
then held by the applicable Member, and (B) the denominator of which is equal to the number of Common Units or Preferred Units,
as the case may be, on a Fully Diluted Basis then held by the Selling Member and all of the Tag-along Members timely electing
to participate in the Tag-along Sale pursuant to Section 10.05(d)(ii) (such amount with respect to the Common Units (and
applicable Unit Equivalents, if any), the “Common Tag-along Portion”, and with respect to the Preferred Units
(and applicable Unit Equivalents, if any), the “Preferred Tag-along Portion”).

 

(ii)
Each Tag-along Member shall exercise its right to participate in a Tag-along Sale by delivering to the Selling Member a written
notice (a “Tag-along Notice”) stating its election to do so and specifying the number of Common Units and/or
Unit Equivalents (up to its Common Tag-along Portion) and/or Preferred Units and/or Unit Equivalents (up to its Preferred Tag-along
Portion), as the case may be, to be Transferred by it no later than ten (10) Business Days after receipt of the Sale Notice (the
“Tag-along Period”).

 

    	51

    	 	 	 

    

 

(iii)
The offer of each Tag-along Member set forth in a Tag-along Notice shall be irrevocable, and, to the extent such offer is accepted,
such Tag-along Member shall be bound and obligated to consummate the Transfer on the terms and conditions set forth in this Section
10.05.

 

(e)
Waiver. Each Tag-along Member who does not deliver a Tag-along Notice in compliance with Section 10.05(d)(ii) shall
be deemed to have waived all of such Tag-along Member’s rights to participate in the Tag-along Sale with respect to the
Common Units and/or Preferred Units (and/or Unit Equivalents) owned by such Tag-along Member, and the Selling Member shall (subject
to the rights of any other participating Tag-along Member) thereafter be free to sell to the Proposed Transferee the Units and/or
Unit Equivalents identified in the Sale Notice at a per Unit price that is no greater than the applicable per Unit price set forth
in the Sale Notice and on other terms and conditions which are not in the aggregate materially more favorable to the Selling Member
than those set forth in the Sale Notice, without any further obligation to the non-accepting Tag-along Members.

 

(f)
Conditions of Sale.

 

(i)
Each Member participating in the Tag-along Sale shall receive the same consideration per Common Unit and/or Preferred Unit, as
the case may be, after deduction of such Member’s proportionate share of the related expenses in accordance with Section
10.05(h) below.

 

(ii)
Each Tag-along Member shall make or provide the same representations, warranties, covenants, indemnities and agreements as the
Selling Member makes or provides in connection with the Tag-along Sale; provided, that each Tag-along Member shall only
be obligated to make individual representations and warranties with respect to its title to and ownership of the applicable Units,
authorization, execution and delivery of relevant documents, enforceability of such documents against the Tag-along Member, and
other matters relating to such Tag-along Member, but not with respect to any of the foregoing with respect to any other Members
or their Units; provided, further, that all representations, warranties, covenants and indemnities shall be made
by the Selling Member and each Tag-along Member severally and not jointly and any indemnification obligation shall be pro rata
based on the consideration received by the Selling Member and each Tag-along Member, in each case in an amount not to exceed the
aggregate proceeds received by the Selling Member and each such Tag-along Member in connection with the Tag-along Sale.

 

(iii)
Each holder of then currently exercisable Unit Equivalents with respect to a class or series of Units proposed to be Transferred
in a Tag-along Sale shall be given an opportunity to convert such Unit Equivalents into the applicable class or series of Units
prior to the consummation of the Tag-along Sale and participate in such sale as holders of such class or series of Units.

 

    	52

    	 	 	 

    

 

(g)
Cooperation. Each Tag-along Member shall take all actions as may be reasonably necessary to consummate the Tag-along Sale,
including, without limitation, entering into agreements and delivering certificates and instruments, in each case, consistent
with the agreements being entered into and the certificates being delivered by the Selling Member, but subject to Section 10.05(f)(ii).

 

(h)
Expenses. The fees and expenses of the Selling Member incurred in connection with a Tag-along Sale and for the benefit
of all Tag-along Members (it being understood that costs incurred by or on behalf of a Selling Member for its sole benefit will
not be considered to be for the benefit of all Tag-along Members), to the extent not paid or reimbursed by the Company or the
Proposed Transferee, shall be shared by the Selling Member and all the participating Tag-along Members on a pro rata basis, based
on the consideration received by each such Member; provided, that no Tag-along Member shall be obligated to make any out-of-pocket
expenditure prior to the consummation of the Tag-along Sale.

 

(i)
Consummation of Sale. The Selling Member shall have sixty (60) days following the expiration of the Tag-along Period in
which to consummate the Tag-along Sale, on terms not more favorable to the Selling Member than those set forth in the Tag-along
Notice (which such 60-day period may be extended for a reasonable time not to exceed ninety (90) days to the extent reasonably
necessary to obtain required approvals or consents from any Governmental Authority). If at the end of such period the Selling
Member has not completed the Tag-along Sale, the Selling Member may not then effect a Transfer that is subject to this Section
10.05 without again fully complying with the provisions of this Section 10.05.

 

Section
10.06 Incentive Units Call Right.

 

(a)
Call Right. At any time prior to the consummation of a Qualified Public Offering or a Change of Control, following the
termination of employment or other engagement of any Service Provider with the Company or any of the Company Subsidiaries, the
Company may, at its election, require the Service Provider and any or all of such Service Provider’s Permitted Transferees
to sell to the Company all or any portion of such Service Provider’s Incentive Units at the following respective purchase
prices:

 

(i)
For the Restricted Incentive Units, under all circumstances of termination, a price equal to the lesser of their Fair Market Value
and their Initial Cost (the “Cause Purchase Price”).

 

(ii)
For the Unrestricted Incentive Units, their Cause Purchase Price, in the event of:

 

	 	(A)	the
    termination of such Service Provider’s employment or other engagement by the Company or any of the Company Subsidiaries
    for Cause; or
	 	 	 
	 	(B)	the
    resignation of such Service Provider for any reason other than Good Reason at any time prior to the fifth anniversary of the
    date hereof (or if later, the date that such Service Provider began his employment or other engagement with the Company or
    Company Subsidiary).

 

    	53

    	 	 	 

    

 

(iii)
For the Unrestricted Incentive Units, a price equal to their Fair Market Value, in the event of:

 

	 	(A)	the
    termination of such Service Provider’s employment or other engagement by the Company or any of the Company Subsidiaries
    for a reason other than for Cause;
	 	 	 
	 	(B)	the
    resignation of such Service Provider at any time for Good Reason;
	 	 	 
	 	(C)	the
    resignation of such Service Provider for any reason other than Good Reason at any time following the fifth anniversary of
    the date hereof (or if later, the date that such Service Provider began his employment or other engagement with the Company
    or Company Subsidiary); or
	 	 	 
	 	(D)	the
    death or Disability of such Service Provider.

 

(b)
Procedures.

 

(i)
If the Company desires to exercise its right to purchase Incentive Units pursuant to this Section 10.06, the Company shall
deliver to the Service Provider, within ninety (90) days after the termination of such Service Provider’s employment or
other engagement, a written notice (the “Repurchase Notice”) specifying the number of Incentive Units to be
repurchased by the Company (the “Repurchased Incentive Units”) and the purchase price therefor in accordance
with Section 10.06(a).

 

(ii)
Each applicable Service Provider shall, at the closing of any purchase consummated pursuant to this Section 10.06, represent
and warrant to the Company that:

 

	 	(A)	such
    Service Provider has full right, title and interest in and to the Repurchased Incentive Units;
	 	 	 
	 	(B)	such
    Service Provider has all the necessary power and authority and has taken all necessary action to sell such Repurchased Incentive
    Units as contemplated by this Section
    10.06; and
	 	 	 
	 	(C)	the
    Repurchased Incentive Units are free and clear of any and all liens other than those arising as a result of or under the terms
    of this Agreement.

 

(iii)
Subject to Section 10.06(c) below, the closing of any sale of Repurchased Incentive Units pursuant to this Section 10.06
shall take place no later than thirty (30) days following receipt by the Service Provider of the Repurchase Notice. Subject
to the existence of any Delay Condition, the Company shall pay the Call Purchase Price for the Repurchased Incentive Units by
certified or official bank check or by wire transfer of immediately available funds. The Company shall give the Service Provider
at least ten (10) days’ written notice of the date of closing, which notice shall include the method of payment selected
by the Company.

 

    	54

    	 	 	 

    

 

(c)
Delay Condition. Notwithstanding the provisions of Section 10.06(b)(iii), the Company shall not be obligated to
repurchase any Incentive Units if there exists a Delay Condition. In such event, the Company shall notify the Service Provider
in writing as soon as practicable of such Delay Condition and the Company may thereafter:

 

(i)
Defer the closing and pay the Call Purchase Price at the earliest practicable date on which no Delay Condition exists, in which
case, the Call Purchase Price shall accrue interest at the Company Interest Rate from the latest date that the closing could have
taken place pursuant to Section 10.06(b)(iii) above (the “Intended Call Closing Date”) to the date the
Call Purchase Price is actually paid; or

 

(ii)
Pay the Call Purchase Price with a subordinated note (fully subordinated in right of payment and exercise of remedies to the lenders’
rights under any Financing Document) bearing interest at the Company Interest Rate from the Intended Call Closing Date until paid
in full.

 

(d)
Cooperation. The Service Provider shall take all actions as may be reasonably necessary to consummate the sale contemplated
by this Section 10.06, including, without limitation, entering into agreements and delivering certificates and instruments
and consents as may be deemed necessary or appropriate.

 

(e)
Closing. At the closing of any sale and purchase pursuant to this Section 10.06, the Service Provider shall deliver
to the Company a certificate or certificates representing the Incentive Units to be sold (if any), accompanied by evidence of
transfer and all necessary transfer taxes paid and stamps affixed, if necessary, against receipt of the Call Purchase Price.

 

Section
10.07 Incentive Units Put Right.

 

(a)
Put Right. At any time prior to the consummation of a Qualified Public Offering or a Change of Control, if a Service Provider’s
employment or other engagement with the Company or any of the Company Subsidiaries is terminated as a result of such Service Provider’s
death or Disability, and the Company has not delivered a Repurchase Notice pursuant to Section 10.06(b)(i) within ninety
(90) days of such termination, then, subject to the other provisions of this Section 10.07, such Service Provider and any
or all of his Permitted Transferees (collectively, the “Offering Service Provider”) may elect to sell to the
Company all or any percentage of the Unrestricted Incentive Units held by such Person at a price equal to the Fair Market Value
of such Unrestricted Incentive Units as of the date of termination (the “Put Purchase Price”).

 

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(b)
Procedures.

 

(i)
If the Offering Service Provider desires to sell Unrestricted Incentive Units pursuant to this Section 10.07, such Offering
Service Provider shall deliver to the Company not more than ninety (90) days after the date of termination of the Service Provider’s
employment or other engagement a written notice (the “Service Provider Sale Notice”) specifying the number
of Unrestricted Incentive Units to be sold (the “Offered Unrestricted Incentive Units”) by such Offering Service
Provider.

 

(ii)
By delivering the Service Provider Sale Notice, the Offering Service Provider represents and warrants to the Company that:

 

	 	(A)	the
    Offering Service Provider has full right, title and interest in and to the Offered Unrestricted Incentive Units;
	 	 	 
	 	(B)	the
    Offering Service Provider has all the necessary power and authority and has taken all necessary action to sell such Offered
    Unrestricted Incentive Units as contemplated by this Section
    10.07; and
	 	 	 
	 	(C)	the
    Offered Unrestricted Incentive Units are free and clear of any and all liens other than those arising as a result of or under
    the terms of this Agreement.

 

(iii)
Promptly following receipt of the Service Provider Sale Notice, the Company shall deliver to the Offering Service Provider a calculation
of the Put Purchase Price for the Offered Unrestricted Incentive Units. The Offering Service Provider shall have the right to
irrevocably rescind the Service Provider Sale Notice for a period of ten (10) days following the delivery of such calculation.

 

(iv)
Subject to Section 10.07(c) below, the closing of any sale of Offered Unrestricted Incentive Units pursuant to this Section
10.07 shall take place no later than thirty (30) days following receipt by the Company of the Service Provider Sale Notice,
if not otherwise rescinded pursuant to Section 10.07(b)(iii) above. Subject to the existence of any Delay Condition, the
Company shall pay the Put Purchase Price for the Offered Unrestricted Incentive Units by certified or official bank check or by
wire transfer of immediately available funds. The Company shall give the Offering Service Provider at least ten (10) days’
written notice of the date of closing, which notice shall include the method of payment selected by the Company.

 

(c)
Delay Condition. Notwithstanding the provisions of Section 10.07(b)(iv), the Company shall not be obligated to purchase
any Offered Unrestricted Incentive Units if there exists a Delay Condition. In such event, the Company shall notify the Offering
Service Provider in writing as soon as practicable of such Delay Condition and shall permit the Offering Service Provider, within
ten (10) days of receipt thereof, to rescind the Service Provider Sale Notice. If the Offering Service Provider does not rescind
the Service Provider Sale Notice, the Service Provider Sale Notice shall remain outstanding and the Company may thereafter:

 

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(i)
Defer the closing and pay the Put Purchase Price at the earliest practicable date on which no Delay Condition exists, in which
case, the Put Purchase Price shall accrue interest at the Company Interest Rate from the latest date that the closing could have
taken place pursuant to Section 10.07(b)(iv) (the “Intended Put Closing Date”) to the date the Put Purchase
Price is actually paid; or

 

(ii)
Pay the Put Purchase Price with a subordinated note (fully subordinated in right of payment and exercise of remedies to the lenders’
rights under any Financing Document) bearing interest at the Company Interest Rate from the Intended Put Closing Date until paid
in full.

 

(d)
Cooperation. The Offering Service Provider shall take all actions as may be reasonably necessary to consummate the sale
contemplated by this Section 10.07, including, without limitation, entering into agreements and delivering certificates
and instruments and consents as may be deemed necessary or appropriate.

 

(e)
Closing. At the closing of any sale and purchase pursuant to this Section 10.07, the Offering Service Provider shall
deliver to the Company a certificate or certificates representing the Offered Unrestricted Incentive Units to be sold (if any),
accompanied by evidence of transfer and all necessary transfer taxes paid and stamps affixed, if necessary, against receipt of
the Put Purchase Price.

 

Article
XI

Covenants

 

Section
11.01 Confidentiality.

 

(a)
Each Member acknowledges that during the term of this Agreement, he will have access to and become acquainted with trade secrets,
proprietary information and confidential information belonging to the Company, the Company Subsidiaries and their Affiliates that
are not generally known to the public, including, but not limited to, information concerning business plans, financial statements
and other information provided pursuant to this Agreement, operating practices and methods, expansion plans, strategic plans,
marketing plans, contracts, customer lists or other business documents which the Company treats as confidential, in any format
whatsoever (including oral, written, electronic or any other form or medium) (collectively, “Confidential Information”).
In addition, each Member acknowledges that: (i) the Company has invested, and continues to invest, substantial time, expense and
specialized knowledge in developing its Confidential Information; (ii) the Confidential Information provides the Company with
a competitive advantage over others in the marketplace; and (iii) the Company would be irreparably harmed if the Confidential
Information were disclosed to competitors or made available to the public. Without limiting the applicability of any other agreement
to which any Member is subject, no Member shall, directly or indirectly, disclose or use (other than solely for the purposes of
such Member monitoring and analyzing his investment in the Company or performing his duties as a Manager, Officer, employee, consultant
or other service provider of the Company) at any time, including, without limitation, use for personal, commercial or proprietary
advantage or profit, either during his association or employment with the Company or thereafter, any Confidential Information
of which such Member is or becomes aware. Each Member in possession of Confidential Information shall take all appropriate steps
to safeguard such information and to protect it against disclosure, misuse, espionage, loss and theft.

 

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(b)
Nothing contained in Section 11.01(a) shall prevent any Member from disclosing Confidential Information: (i) upon the order
of any court or administrative agency; (ii) upon the request or demand of any regulatory agency or authority having jurisdiction
over such Member; (iii) to the extent compelled by legal process or required or requested pursuant to subpoena, interrogatories
or other discovery requests; (iv) to the extent necessary in connection with the exercise of any remedy hereunder; (v) to other
Members; (vi) to such Member’s Representatives who, in the reasonable judgment of such Member, need to know such Confidential
Information and agree to be bound by the provisions of this Section 11.01 as if a Member; or (vii) to any potential Permitted
Transferee in connection with a proposed Transfer of Units from such Member, as long as such Transferee agrees to be bound by
the provisions of this Section 11.01 as if a Member; provided, that in the case of clause (i), (ii) or (iii), such
Member shall notify the Company and other Members of the proposed disclosure as far in advance of such disclosure as practicable
(but in no event make any such disclosure before notifying the Company and other Members) and use reasonable efforts to ensure
that any Confidential Information so disclosed is accorded confidential treatment satisfactory to the Company, when and if available.

 

(c)
The restrictions of Section 11.01(a) shall not apply to Confidential Information that: (i) is or becomes generally available
to the public other than as a result of a disclosure by a Member in violation of this Agreement; (ii) is or becomes available
to a Member or any of its Representatives on a non-confidential basis prior to its disclosure to the receiving Member and any
of its Representatives in compliance with this Agreement; (iii) is or has been independently developed or conceived by such Member
without use of Confidential Information; or (iv) becomes available to the receiving Member or any of its Representatives on a
non-confidential basis from a source other than the Company, any other Member or any of their respective Representatives; provided,
that such source is not known by the recipient of the Confidential Information to be bound by a confidentiality agreement with
the disclosing Member or any of its Representatives.

 

Section
11.02 Non-compete; Non-solicit.

 

(a)
Non-compete. In light of each Member’s access to Confidential Information and position of trust and confidence with
the Company, each Member hereby agrees that, during the period of his continued employment or other engagement with the Company
or any Company Subsidiary and for a period of one (1) year, running consecutively, beginning on the last day of the Member’s
employment or other engagement with the Company or any Company Subsidiary for any reason or no reason (the “Restricted
Period”), such Member shall not (x) render services or give advice to, or affiliate with (as employee, partner, consultant
or otherwise), or (y) directly or indirectly through one or more of any of their respective Affiliates, own, manage, operate,
control or participate in the ownership, management, operation or control of, any Competitor or any division or business segment
of any Competitor; provided, that nothing in this Section 11.02(a) shall prohibit such Member or any of his Permitted
Transferees or any of their respective Affiliates from acquiring or owning, directly or indirectly:

 

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(i)
Up to 5% of the aggregate voting securities of any Competitor that is a publicly traded Person; or

 

(ii)
Up to 5% of the aggregate voting securities of any Competitor that is not a publicly traded Person, so long as neither such Member
nor any of its Permitted Transferees, directly or indirectly through one or more of their respective Affiliates, designates a
member of the board of directors (or similar body) of such Competitor or its Affiliates or is granted any other governance rights
with respect to such Competitor or its Affiliates (other than customary governance rights granted in connection with the ownership
of debt securities).

 

For
purposes of this Section 11.02(a), “Competitor” means any other Person engaged, directly or indirectly,
in whole or in part, in the same or similar business as the Company, including those engaged in the business of Business of the
Company in the 150 mile radius of the Company’s Project.

 

(b)
Non-solicit of Employees. In light of each Member’s access to Confidential Information and position of trust and
confidence with the Company, each Member further agrees that, during the Restricted Period, he shall not, directly or indirectly
through one or more of any of their respective Affiliates, hire or solicit, or encourage any other Person to hire or solicit,
any individual who has been employed by the Company or any Company Subsidiary within one (1) year prior to the date of such hiring
or solicitation, or encourage any such individual to leave such employment. This Section 11.02(b) shall not prevent a Member
from hiring or soliciting any employee or former employee of the Company or any Company Subsidiary who responds to a general solicitation
that is a public solicitation of prospective employees and not directed specifically to any Company or Company Subsidiary employees.

 

(c)
Non-solicit of Clients. In light of each Member’s access to Confidential Information and position of trust and confidence
with the Company, each Member further agrees that, during the Restricted Period, he shall not, directly or indirectly through
one or more of any of their respective Affiliates, solicit or entice, or attempt to solicit or entice, any clients, customers
or suppliers of the Company or any Company Subsidiary for purposes of diverting their business or services from the Company.

 

(d)
Blue Pencil. If any court of competent jurisdiction determines that any of the covenants set forth in this Section 11.02,
or any part thereof, is unenforceable because of the duration or geographic scope of such provision, such court shall have the
power to modify any such unenforceable provision in lieu of severing such unenforceable provision from this Agreement in its entirety,
whether by rewriting the offending provision, deleting any or all of the offending provision, adding additional language to this
Section 11.02 or by making such other modifications as it deems warranted to carry out the intent and agreement of the
parties as embodied herein to the maximum extent permitted by Applicable Law. The parties hereto expressly agree that this Agreement
as so modified by the court shall be binding upon and enforceable against each of them.

 

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Article
XII

Accounting; Tax Matters

 

Section
12.01 Financial Statements. The Company shall furnish to each Member holding 5% or more of the Preferred Units or Common Units
of the Company (each, a “Qualified Member”) the following reports:

 

(a)
Annual Financial Statements. As soon as available, and in any event within one hundred twenty (120) days after the end
of each Fiscal Year, audited consolidated balance sheets of the Company and Company Subsidiaries as at the end of each such Fiscal
Year and audited consolidated statements of income, cash flows and Members’ equity for such Fiscal Year, in each case setting
forth in comparative form the figures for the previous Fiscal Year, accompanied by the certification of independent certified
public accountants of recognized national standing selected by the Board, certifying to the effect that, except as set forth therein,
such financial statements have been prepared in accordance with GAAP, applied on a basis consistent with prior years, and fairly
present in all material respects the financial condition of the Company and Company Subsidiaries as of the dates thereof and the
results of their operations and changes in their cash flows and Members’ equity for the periods covered thereby.

 

(b)
Quarterly Financial Statements. As soon as available, and in any event within forty-five (45) days after the end of each
quarterly accounting period in each Fiscal Year (other than the last fiscal quarter of the Fiscal Year), unaudited consolidated
balance sheets of the Company and Company Subsidiaries as at the end of each such fiscal quarter and for the current Fiscal Year
to date and unaudited consolidated statements of income, cash flows and Members’ equity for such fiscal quarter and for
the current Fiscal Year to date, in each case setting forth in comparative form the figures for the corresponding periods of the
previous fiscal quarter, all in reasonable detail and all prepared in accordance with GAAP, consistently applied (subject to normal
year-end audit adjustments and the absence of notes thereto), and certified by the principal financial or accounting officer of
the Company.

 

Section
12.02 Inspection Rights. Upon reasonable notice from a Qualified Member, the Company shall, and shall cause its Managers,
Officers and employees to, afford each Qualified Member and its Representatives reasonable access during normal business hours
to (i) the Company’s and the Company Subsidiaries’ properties, offices, plants and other facilities, (ii) the corporate,
financial and similar records, reports and documents of the Company and the Company Subsidiaries, including, without limitation,
all books and records, minutes of proceedings, internal management documents, reports of operations, reports of adverse developments,
copies of any management letters and communications with Members or Managers, and to permit each Qualified Member and its Representatives
to examine such documents and make copies thereof, and (iii) the Company’s and the Company Subsidiaries’ Officers,
senior employees and public accountants, and to afford each Qualified Member and its Representatives the opportunity to discuss
and advise on the affairs, finances and accounts of the Company and the Company Subsidiaries with their Officers, senior employees
and public accountants (and the Company hereby authorizes said accountants to discuss with such Qualified Member and its Representatives
such affairs, finances and accounts).

 

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Section
12.03 Budget. Not later than thirty (30) days prior to the commencement of each Fiscal Year, the Company shall prepare, submit
to and obtain the approval of the Board of a business plan and monthly and annual operating budgets for the Company and Company
Subsidiaries in detail for the upcoming Fiscal Year, including capital and operating expense budgets, cash flow projections, covenant
compliance calculations of all outstanding and projected indebtedness, and profit and loss projections, all itemized in reasonable
detail (including itemization of provisions for Officers’ compensation) (the “Budget”). The Company and
the Subsidiaries shall use commercially reasonable efforts to operate in all material respects in accordance with the Budget.
The Company shall review the Budget periodically and shall not make any material changes thereto without the approval of the Board.

 

Section
12.04 Tax Matters Member.

 

(a)
Appointment. The Members hereby appoint Sponsor as the “Tax Matters Member” who shall serve as the “tax
matters partner” (as such term is defined in Code Section 6231) for the Company.

 

(b)
Tax Examinations and Audits. The Tax Matters Member is authorized and required to represent the Company (at the Company’s
expense) in connection with all examinations of the Company’s affairs by Taxing Authorities, including resulting administrative
and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. Each Member agrees
to cooperate with the Tax Matters Member and to do or refrain from doing any or all things reasonably requested by the Tax Matters
Member with respect to the conduct of examinations by Taxing Authorities and any resulting proceedings. Each Member agrees that
any action taken by the Tax Matters Member in connection with audits of the Company shall be binding upon such Members and that
such Member shall not independently act with respect to tax audits or tax litigation affecting the Company.

 

(c)
Income Tax Elections. The Tax Matters Member shall have sole discretion to make any income tax election it deems advisable
on behalf of the Company; provided, that the Tax Matters Member will make an election under Section 754 of the Code, if
requested in writing by Members holding a majority of the outstanding Common Units. All determinations as to tax elections and
accounting principles shall be made solely by the Tax Matters Member.

 

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(d)
Tax Returns and Tax Deficiencies. Each Member agrees that such Member shall not treat any Company item inconsistently on
such Member’s federal, state, foreign or other income tax return with the treatment of the item on the Company’s return.
The Tax Matters Member shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the
Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any Taxing Authority.
Any deficiency for taxes imposed on any Member (including penalties, additions to tax or interest imposed with respect to such
taxes) will be paid by such Member and if required to be paid (and actually paid) by the Company, will be recoverable from such
Member as provided in Section 7.05(d).

 

(e)
Resignation. The Tax Matters Member may resign at any time. If Sponsor ceases to be the Tax Matters Member for any reason,
the holders of a majority of the Common Units of the Company shall appoint a new Tax Matters Member.

 

Section
12.05 Tax Returns. At the expense of the Company, the Board (or any Officer that it may designate pursuant to Section 8.09)
shall endeavor to cause the preparation and timely filing (including extensions) of all tax returns required to be filed by the
Company pursuant to the Code as well as all other required tax returns in each jurisdiction in which the Company and the Company
Subsidiaries own property or do business. As soon as reasonably possible after the end of each Fiscal Year, the Board or designated
Officer will cause to be delivered to each Person who was a Member at any time during such Fiscal Year, IRS Schedule K-1 to Form
1065 and such other information with respect to the Company as may be necessary for the preparation of such Person’s federal,
state and local income tax returns for such Fiscal Year.

 

Section
12.06 Company Funds. All funds of the Company shall be deposited in its name, or in such name as may be designated by the
Board, in such checking, savings or other accounts, or held in its name in the form of such other investments as shall be designated
by the Board. The funds of the Company shall not be commingled with the funds of any other Person. All withdrawals of such deposits
or liquidations of such investments by the Company shall be made exclusively upon the signature or signatures of such Officer
or Officers as the Board may designate.

 

Article
XIII

Dissolution and Liquidation

 

Section
13.01 Events of Dissolution. The Company shall be dissolved and is affairs wound up only upon the occurrence of any of the
following events:

 

(a)
The determination of the Board to dissolve the Company;

 

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(b)
An election to dissolve the Company made by holders of a majority of the Common Units;

 

(c)
The sale, exchange, involuntary conversion, or other disposition or Transfer of all or substantially all the assets of the Company;
or

 

(d)
The entry of a decree of judicial dissolution under the Virginia Act.

 

Section
13.02 Effectiveness of Dissolution. Dissolution of the Company shall be effective on the day on which the event described
in Section 13.01 occurs, but the Company shall not terminate until the winding up of the Company has been completed, the
assets of the Company have been distributed as provided in Section 13.03 and the Articles of Organization shall have been
cancelled as provided in Section 13.04.

 

Section
13.03 Liquidation. If the Company is dissolved pursuant to Section 13.01, the Company shall be liquidated and its business
and affairs wound up in accordance with the Virginia Act and the following provisions:

 

(a)
Liquidator. The Board, or, if the Board is unable to do so, a Person selected by the holders of a majority of the Common
Units, shall act as liquidator to wind up the Company (the “Liquidator”). The Liquidator shall have full power
and authority to sell, assign, and encumber any or all of the Company’s assets and to wind up and liquidate the affairs
of the Company in an orderly and business-like manner.

 

(b)
Accounting. As promptly as possible after dissolution and again after final liquidation, the Liquidator shall cause a proper
accounting to be made by a recognized firm of certified public accountants of the Company’s assets, liabilities and operations
through the last day of the calendar month in which the dissolution occurs or the final liquidation is completed, as applicable.

 

(c)
Distribution of Proceeds. The Liquidator shall liquidate the assets of the Company and Distribute the proceeds of such
liquidation in the following order of priority, unless otherwise required by mandatory provisions of Applicable Law:

 

(i)
First, to the payment of all of the Company’s debts and liabilities to its creditors (including Members, if applicable)
and the expenses of liquidation (including sales commissions incident to any sales of assets of the Company);

 

(ii)
Second, to the establishment of and additions to reserves that are determined by the Board in its sole discretion to be
reasonably necessary for any contingent unforeseen liabilities or obligations of the Company; and

 

(iii)
Third, to the Members in the same manner as Distributions are made under Section 7.02.

 

(d)
Discretion of Liquidator. Notwithstanding the provisions of Section 13.03(c) that require the liquidation of the
assets of the Company, but subject to the order of priorities set forth in Section 13.03(c), if upon dissolution of the
Company the Liquidator determines that an immediate sale of part or all of the Company’s assets would be impractical or
could cause undue loss to the Members, the Liquidator may defer the liquidation of any assets except those necessary to satisfy
Company liabilities and reserves, and may, in its absolute discretion, Distribute to the Members, in lieu of cash, as tenants
in common and in accordance with the provisions of Section 13.03(c), undivided interests in such Company assets as the
Liquidator deems not suitable for liquidation. Any such Distribution in kind will be subject to such conditions relating to the
disposition and management of such properties as the Liquidator deems reasonable and equitable and to any agreements governing
the operating of such properties at such time. For purposes of any such Distribution, any property to be Distributed will be valued
at its Fair Market Value.

 

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Section
13.04 Cancellation of Certificate. Upon completion of the Distribution of the assets of the Company as provided in Section
13.03(c) hereof, the Company shall be terminated and the Liquidator shall cause the cancellation of the Articles of Organization
in the Commonwealth of Virginia and of all qualifications and registrations of the Company as a foreign limited liability company
in jurisdictions other than the Commonwealth of Virginia and shall take such other actions as may be necessary to terminate the
Company.

 

Section
13.05 Survival of Rights, Duties and Obligations. Dissolution, liquidation, winding up or termination of the Company for any
reason shall not release any party from any Loss which at the time of such dissolution, liquidation, winding up or termination
already had accrued to any other party or which thereafter may accrue in respect of any act or omission prior to such dissolution,
liquidation, winding up or termination. For the avoidance of doubt, none of the foregoing shall replace, diminish or otherwise
adversely affect any Member’s right to indemnification pursuant to Section 14.03.

 

Section
13.06 Recourse for Claims. Each Member shall look solely to the assets of the Company for all Distributions with respect to
the Company, such Member’s Capital Account, and such Member’s share of Net Income, Net Loss and other items of income,
gain, loss and deduction, and shall have no recourse therefor (upon dissolution or otherwise) against the Board, the Liquidator
or any other Member.

 

Article
XIV

Exculpation and Indemnification

 

Section
14.01 Exculpation of Covered Persons.

 

(a)
Covered Persons. As used herein, the term “Covered Person” shall mean (i) each Member, (ii) each officer,
director, shareholder, partner, member, controlling Affiliate, employee, agent or representative of each Member, and each of their
controlling Affiliates, and (iii) each Manager, Officer, employee, agent or representative of the Company.

 

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(b)
Standard of Care. No Covered Person shall be liable to the Company or any other Covered Person for any loss, damage or
claim incurred by reason of any action taken or omitted to be taken by such Covered Person in good-faith reliance on the provisions
of this Agreement, so long as such action or omission does not constitute fraud or willful misconduct by such Covered Person.

 

(c)
Good Faith Reliance. A Covered Person shall be fully protected in relying in good faith upon the records of the Company
and upon such information, opinions, reports or statements (including financial statements and information, opinions, reports
or statements as to the value or amount of the assets, liabilities, Net Income or Net Losses of the Company or any facts pertinent
to the existence and amount of assets from which Distributions might properly be paid) of the following Persons or groups: (i)
another Manager; (ii) one or more Officers or employees of the Company; (iii) any attorney, independent accountant, appraiser
or other expert or professional employed or engaged by or on behalf of the Company; or (iv) any other Person selected in good
faith by or on behalf of the Company, in each case as to matters that such relying Person reasonably believes to be within such
other Person’s professional or expert competence. The preceding sentence shall in no way limit any Person’s right
to rely on information to the extent provided in the Virginia Act.

 

Section
14.02 Liabilities and Duties of Covered Persons.

 

(a)
Limitation of Liability. This Agreement is not intended to, and does not, create or impose any fiduciary duty on any Covered
Person. Furthermore, each of the Members and the Company hereby waives any and all fiduciary duties that, absent such waiver,
may be implied by Applicable Law, and in doing so, acknowledges and agrees that the duties and obligation of each Covered Person
to each other and to the Company are only as expressly set forth in this Agreement. The provisions of this Agreement, to the extent
that they restrict the duties and liabilities of a Covered Person otherwise existing at law or in equity, are agreed by the Members
to replace such other duties and liabilities of such Covered Person.

 

(b)
Duties. Whenever in this Agreement a Covered Person is permitted or required to make a decision (including a decision that
is in such Covered Person’s “discretion” or under a grant of similar authority or latitude), the Covered Person
shall be entitled to consider only such interests and factors as such Covered Person desires, including its own interests, and
shall have no duty or obligation to give any consideration to any interest of or factors affecting the Company or any other Person.
Whenever in this Agreement a Covered Person is permitted or required to make a decision in such Covered Person’s “good
faith,” the Covered Person shall act under such express standard and shall not be subject to any other or different standard
imposed by this Agreement or any other Applicable Law.

 

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Section
14.03 Indemnification.

 

(a)
Indemnification. To the fullest extent permitted by the Virginia Act, as the same now exists or may hereafter be amended,
substituted or replaced (but, in the case of any such amendment, substitution or replacement only to the extent that such amendment,
substitution or replacement permits the Company to provide broader indemnification rights than the Virginia Act permitted the
Company to provide prior to such amendment, substitution or replacement), the Company shall indemnify, hold harmless, defend,
pay and reimburse any Covered Person against any and all losses, claims, damages, judgments, fines or liabilities, including reasonable
legal fees or other expenses incurred in investigating or defending against such losses, claims, damages, judgments, fines or
liabilities, and any amounts expended in settlement of any claims (collectively, “Losses”) to which such Covered
Person may become subject by reason of:

 

(i)
Any act or omission or alleged act or omission performed or omitted to be performed on behalf of the Company, any Member or any
direct or indirect Subsidiary of the foregoing in connection with the business of the Company; or

 

The
fact that such Covered Person is or was acting in connection with the business of the Company as a partner, member, stockholder,
controlling Affiliate, manager, director, officer, employee or agent of the Company, any Member, or any of their respective controlling
Affiliates, or that such Covered Person is or was serving at the request of the Company as a partner, member, manager, director,
officer, employee or agent of any Person including the Company or any Company Subsidiary;

 

provided,
that (x) such Covered Person acted in good faith and in a manner believed by such Covered Person to be in, or not opposed to,
the best interests of the Company and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct
was unlawful, and (y) such Covered Person’s conduct did not constitute fraud or willful misconduct, in either case as determined
by a final, nonappealable order of a court of competent jurisdiction. In connection with the foregoing, the termination of any
action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the Covered Person did not act in good faith or, with respect to any criminal
proceeding, had reasonable cause to believe that such Covered Person’s conduct was unlawful, or that the Covered Person’s
conduct constituted fraud or willful misconduct.

 

(b)
Reimbursement. The Company shall promptly reimburse (and/or advance to the extent reasonably required) each Covered Person
for reasonable legal or other expenses (as incurred) of such Covered Person in connection with investigating, preparing to defend
or defending any claim, lawsuit or other proceeding relating to any Losses for which such Covered Person may be indemnified pursuant
to this Section 14.03; provided, that if it is finally judicially determined that such Covered Person is not entitled
to the indemnification provided by this Section 14.03, then such Covered Person shall promptly reimburse the Company for
any reimbursed or advanced expenses.

 

(c)
Entitlement to Indemnity. The indemnification provided by this Section 14.03 shall not be deemed exclusive of any
other rights to indemnification to which those seeking indemnification may be entitled under any agreement or otherwise. The provisions
of this Section 14.03 shall continue to afford protection to each Covered Person regardless of whether such Covered Person
remains in the position or capacity pursuant to which such Covered Person became entitled to indemnification under this Section
14.03 and shall inure to the benefit of the executors, administrators, legatees and distributees of such Covered Person.

 

    	66

    	 	 	 

    

 

(d)
Insurance. To the extent available on commercially reasonable terms, the Company may purchase, at its expense, insurance
to cover Losses covered by the foregoing indemnification provisions and to otherwise cover Losses for any breach or alleged breach
by any Covered Person of such Covered Person’s duties in such amount and with such deductibles as the Board may determine;
provided, that the failure to obtain such insurance shall not affect the right to indemnification of any Covered Person
under the indemnification provisions contained herein, including the right to be reimbursed or advanced expenses or otherwise
indemnified for Losses hereunder. If any Covered Person recovers any amounts in respect of any Losses from any insurance coverage,
then such Covered Person shall, to the extent that such recovery is duplicative, reimburse the Company for any amounts previously
paid to such Covered Person by the Company in respect of such Losses.

 

(e)
Funding of Indemnification Obligation. Notwithstanding anything contained herein to the contrary, any indemnity by the
Company relating to the matters covered in this Section 14.03 shall be provided out of and to the extent of Company assets
only, and no Member (unless such Member otherwise agrees in writing) shall have personal liability on account thereof or shall
be required to make additional Capital Contributions to help satisfy such indemnity by the Company.

 

(f)
Savings Clause. If this Section 14.03 or any portion hereof shall be invalidated on any ground by any court of competent
jurisdiction, then the Company shall nevertheless indemnify and hold harmless each Covered Person pursuant to this Section
14.03 to the fullest extent permitted by any applicable portion of this Section 14.03 that shall not have been invalidated
and to the fullest extent permitted by Applicable Law.

 

(g)
Amendment. The provisions of this Section 14.03 shall be a contract between the Company, on the one hand, and each
Covered Person who served in such capacity at any time while this Section 14.03 is in effect, on the other hand, pursuant
to which the Company and each such Covered Person intend to be legally bound. No amendment, modification or repeal of this Section
14.03 that adversely affects the rights of a Covered Person to indemnification for Losses incurred or relating to a state
of facts existing prior to such amendment, modification or repeal shall apply in such a way as to eliminate or reduce such Covered
Person’s entitlement to indemnification for such Losses without the Covered Person’s prior written consent.

 

Section
14.04 Survival. The provisions of this Article XIV shall survive the dissolution, liquidation, winding up and termination
of the Company.

 

    	67

    	 	 	 

    

 

Article
XV

Miscellaneous

 

Section
15.01 Expenses. Except as otherwise expressly provided herein, all costs and expenses, including fees and disbursements of
counsel, financial advisors and accountants, incurred in connection with the preparation and execution of this Agreement, or any
amendment or waiver hereof, and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses.

 

Section
15.02 Further Assurances. In connection with this Agreement and the transactions contemplated hereby, the Company and each
Member hereby agrees, at the request of the Company or any other Member, to execute and deliver such additional documents, instruments,
conveyances and assurances and to take such further actions as may be required to carry out the provisions hereof and give effect
to the transactions contemplated hereby.

 

Section
15.03 Notices. All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing
and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by
the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail
of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business
Day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered
mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following addresses
(or at such other address for a party as shall be specified in a notice given in accordance with this Section 15.03):

 

	If
    to the Company:	Seasons
    Creek Development LLC
	 	COMPANY
    ADDRESS
	 	Facsimile:
    FAX NUMBER
	 	E-mail:
    E-MAIL ADDRESS
	 	Attention:
    LLC Manager
	 	 
	with
    a copy to:	Magri
    Law, LLC
	 	2642
    NE 9th Ave.
	 	Fort
    Lauderdale, FL 33334
	 	Telephone:
    (646) 502-5900
	 	Facsimile:
    (646) 836-9200
	 	E-mail:
    pmagri@magrilaw.com
	 	Attention:
    Philip Magri, Esq. 

 

    	68

    	 	 	 

    

 

	If
    to Sponsor:	HELPFUL
    ALLIANCE COMPANY
	 	700
West Hillsboro Blvd, Suite 1-100,
	 	 Deerfield Beach, FL 33441 SPONSOR
	 	Facsimile:
    (954) 653-1490
	 	E-mail:
    HelpfulAllianceCompany@gmail.com
	 	Attention:
    Sergey Gurin, CFO
	 	 
	with
    a copy to:	 
	 	Magri
    Law, LLC
	 	2642
    NE 9th Ave.
	 	Fort
    Lauderdale, FL 33334
	 	Telephone:
    (646) 502-5900
	 	Facsimile:
    (646) 836-9200
	 	E-mail:
    pmagri@magrilaw.com
	 	Attention:
    Philip Magri, Esq. 

 

If
to a Member, to such Member’s respective mailing address as set forth on the Members Schedule.

 

Section
15.04 Headings. The headings in this Agreement are inserted for convenience or reference only and are in no way intended to
describe, interpret, define, or limit the scope, extent or intent of this Agreement or any provision of this Agreement.

 

Section
15.05 Severability. If any term or provision of this Agreement is held to be invalid, illegal or unenforceable under Applicable
Law in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this
Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. Subject to Section 11.02(d),
upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate
in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually
acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest
extent possible.

 

Section
15.06 Entire Agreement.

 

(a)
This Agreement, together with the Articles of Organization, the Incentive Plan, each Award Agreement, the Membership Interest
Purchase Agreement, each Management Subscription Agreement and each Rollover Commitment Letter, and all related Exhibits and Schedules,
constitutes the sole and entire agreement of the parties to this Agreement with respect to the subject matter contained herein
and therein, and supersedes all prior and contemporaneous understandings, agreements, representations and warranties, both written
and oral, with respect to such subject matter, including the Original Agreement.

 

    	69

    	 	 	 

    

 

(b)
In the event of an inconsistency or conflict between the provisions of this Agreement and any provision of the Incentive Plan
or an applicable Award Agreement with respect to the subject matter of the Incentive Plan or Award Agreement, the Board shall
resolve such conflict in its sole discretion.

 

Section
15.07 Successors and Assigns. Subject to the restrictions on Transfers set forth herein, this Agreement shall be binding upon
and shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, successors and assigns.

 

Section
15.08 No Third-party Beneficiaries. Except as provided in Article XIV, which shall be for the benefit of and enforceable
by Covered Persons as described therein, this Agreement is for the sole benefit of the parties hereto (and their respective heirs,
executors, administrators, successors and assigns) and nothing herein, express or implied, is intended to or shall confer upon
any other Person, including any creditor of the Company, any legal or equitable right, benefit or remedy of any nature whatsoever
under or by reason of this Agreement.

 

Section
15.09 Amendment. No provision of this Agreement may be amended or modified except by an instrument in writing executed by
the Company and Members holding a majority of the Common Units. Any such written amendment or modification will be binding upon
the Company and each Member; provided, that an amendment or modification modifying the rights or obligations of any Member
in a manner that is disproportionately adverse to (i) such Member relative to the rights of other Members in respect of Units
of the same class or series or (ii) a class or series of Units relative to the rights of another class or series of Units, shall
in each case be effective only with that Member’s consent or the consent of the Members holding a majority of the Units
in that class or series, as applicable. Notwithstanding the foregoing, amendments to the Members Schedule following any new issuance,
redemption, repurchase or Transfer of Units in accordance with this Agreement may be made by the Board without the consent of
or execution by the Members.

 

Section
15.10 Waiver. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing
and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure,
breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring
before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from
this Agreement shall operate or be construed as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power
or privilege. For the avoidance of doubt, nothing contained in this Section 15.10 shall diminish any of the explicit and
implicit waivers described in this Agreement, including in Section 4.07(f), Section 8.04(c), Section 9.01(d),
Section 10.03(d)(v), Section 10.04(b)(ii), Section 10.05(e) and Section 15.13 hereof.

 

    	70

    	 	 	 

    

 

Section
15.11 Governing Law. All issues and questions concerning the application, construction, validity, interpretation and enforcement
of this Agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Virginia, without
giving effect to any choice or conflict of law provision or rule (whether of the Commonwealth of Virginia or any other jurisdiction)
that would cause the application of laws of any jurisdiction other than those of the Commonwealth of Virginia.

 

Section
15.12 Submission to Jurisdiction. The parties hereby agree that any suit, action or proceeding seeking to enforce any provision
of, or based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby, whether
in contract, tort or otherwise, shall be brought in the United States District Court for the Commonwealth of Virginia so long
as one of such courts shall have subject-matter jurisdiction over such suit, action or proceeding, and that any case of action
arising out of this Agreement shall be deemed to have arisen from a transaction of business in the Commonwealth of Virginia. Each
of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom)
in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may
now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit,
action or proceeding which is brought in any such court has been brought in an inconvenient form. Service of process, summons,
notice or other document by registered mail to the address set forth in Section 15.03 shall be effective service of process
for any suit, action or other proceeding brought in any such court.

 

Section
15.13 Waiver of Jury Trial. Each party hereto hereby acknowledges and agrees that any controversy which may arise under this
Agreement is likely to involve complicated and difficult issues and, therefore, each such party irrevocably and unconditionally
waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or
the transactions contemplated hereby.

 

Section
15.14 Equitable Remedies. Each party hereto acknowledges that a breach or threatened breach by such party of any of its obligations
under this Agreement would give rise to irreparable harm to the other parties, for which monetary damages would not be an adequate
remedy, and hereby agrees that in the event of a breach or a threatened breach by such party of any such obligations, each of
the other parties hereto shall, in addition to any and all other rights and remedies that may be available to them in respect
of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance
and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond).

 

    	71

    	 	 	 

    

 

Section
15.15 Attorneys’ Fees. In the event that any party hereto institutes any legal suit, action or proceeding, including
arbitration, against another party in respect of a matter arising out of or relating to this Agreement, the prevailing party in
the suit, action or proceeding shall be entitled to receive, in addition to all other damages to which it may be entitled, the
costs incurred by such party in conducting the suit, action or proceeding, including reasonable attorneys’ fees and expenses
and court costs.

 

Section
15.16 Remedies Cumulative. The rights and remedies under this Agreement are cumulative and are in addition to and not in substitution
for any other rights and remedies available at law or in equity or otherwise, except to the extent expressly provided in Section
14.02 to the contrary.

 

Section
15.17 Initial Public Offering.

 

(a)
Initial Public Offering. If at any time the Board desires to cause (i) a Transfer of all or a substantial portion of (x)
the assets of the Company or (y) the Units to a newly organized corporation or other business entity (an “IPO Entity”),
(ii) a merger or consolidation of the Company into or with a IPO Entity as provided under the Virginia Act or otherwise, or (iii)
another restructuring of all or substantially all the assets or Units of the Company into an IPO Entity, including by way of the
conversion of the Company into a corporation as provided under the Virginia Act (any such corporation also herein referred to
as an “IPO Entity”), in any such case in anticipation of or otherwise in connection with an Initial Public
Offering of securities of an IPO Entity or its Affiliate (an “Initial Public Offering”), each Member shall
take such steps to effect such Transfer, merger, consolidation, conversion or other restructuring as may be reasonably requested
by the Board, including, without limitation, executing and delivering all agreements, instruments and documents as may be reasonably
required and Transferring or tendering such Member’s Units to an IPO Entity in exchange or consideration for shares of capital
stock or other equity interests of the IPO Entity, determined in accordance with the valuation procedures set forth in Section
15.17(b).

 

(b)
Fair Market Value. In connection with a transaction described in Section 15.17(a), the Board shall, in good faith
but subject to the following sentence, determine the Fair Market Value of the assets and/or Units Transferred to, merged with
or converted into shares of the IPO Entity, the aggregate Fair Market Value of the IPO Entity and the number of shares of capital
stock or other equity interests to be issued to each Member in exchange or consideration therefor. In determining Fair Market
Value, (i) the offering price of the Initial Public Offering shall be used by the Board to determine the Fair Market Value of
the capital stock or other equity interests of the IPO Entity and (ii) the Distributions that the Members would have received
with respect to their Units, including Incentive Units, if the Company were dissolved, its affairs wound up and Distributions
made to the Members in accordance with Section 13.03(c) shall determine the Fair Market Value of the Units. In addition,
any Units (including Incentive Units) to be converted into or redeemed or exchanged for shares of the IPO Entity shall receive
shares with substantially equivalent economic, governance, priority and other rights and privileges as in effect immediately prior
to such transaction (disregarding the tax treatment of such transaction).

 

    	72

    	 	 	 

    

 

(c)
Appointment of Proxy. Each Member hereby makes, constitutes and appoints the Company, with full power of substitution and
resubstitution, its true and lawful attorney, for it and in its name, place and stead and for its use and benefit, to act as its
proxy in respect of any vote or approval of Members required to give effect to this Section 15.17, including any vote or
approval required under the Virginia Act. The proxy granted pursuant to this Section 15.17(c) is a special proxy coupled
with an interest and is irrevocable.

 

(d)
Lock-up Agreement. Each Member hereby agrees that in connection with an Initial Public Offering, and upon the request of
the Company or managing underwriter in such offering, such Member shall not, without the prior written consent of such managing
underwriter, during the period commencing on the effective date of such registration and ending on the date specified by the Company
or such managing underwriter (such period not to exceed 180 days in the case of an Initial Public Offering or 120 days in the
case of any registration other than an Initial Public Offering), (i) offer, pledge, sell, contract to sell, grant any option or
contract to purchase, purchase any option or contract to sell, hedge the beneficial ownership of or otherwise dispose of, directly
or indirectly, any Units or Unit Equivalents (including any equity securities of the IPO Entity).. Each Member agrees to execute
and deliver such other agreements as may be reasonably requested by the Company or the managing underwriter which are consistent
with the foregoing or which are necessary to give further effect thereto. Notwithstanding anything to the contrary contained in
this Section 15.17(d), each Member shall be released, pro rata, from any lock-up agreement entered into pursuant to this
Section 15.17(d) in the event and to the extent that the managing underwriter or the Company permit any discretionary waiver
or termination of the restrictions of any lock-up agreement pertaining to any officer, director or holder of greater than 10%
of the Company’s outstanding Common Units (or the IPO Entity’s equivalent common equity securities).

 

Section
15.18 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of
which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail
or other means of Electronic Transmission shall be deemed to have the same legal effect as delivery of an original signed copy
of this Agreement.

 

SIGNATURE
PAGE FOLLOWS

 

    	73

    	 	 	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above by their respective
officers thereunto duly authorized.

 

	 	The
    Company:
	 	 
	 	SEASONS
    CREEK DEVELOPMENT LLC
	 	 	 
	 	By:
    	/s/
    Jonathan S. Barker
	 	Name:
    	Jonathan
    Barker
	 	Title:
    	Project
    LLC Manager

 

	 	The
    Members:
	 	 
	 	HELPFUL
    ALLIANCE COMPANY 
	 	 	 
	 	By:
    	/s/
    Sergey Gurin
	 	Name:	Sergey
    Gurin
	 	Title:	Vice
    President and CFO

  

    	74

    	 	 	 

    

 

Exhibit
A

 

FORM
OF MEMBERSHIP INTEREST SUBSCRIPTION AGREEMENT

 

not
applicable

 

    	75

    	 	 	 

    

 

Exhibit
B

 

FORM
OF JOINDER AGREEMENT

 

not
applicable

 

    	76

    	 	 	 

    

 

Schedule
A

 

Members
Schedule

 

	Member Name and Address	 	Preferred Units	 	 	Common Units	 	 	Incentive Units	 	 	Percentage of Ownership	 
	Helpful Alliance Company

                                                              700 West Hillsboro
Blvd, Suite 1-100

                                                              Deerfield Beach,
FL 33441
	 	 	—	 	 	 	15	 	 	 	—	 	 	 	100.0	%
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total:	 	 	—	 	 	 	15	 	 	 	—	 	 	 	 	 

 

    	77Exhibit 10.1

 

GENERAL RELEASE AND SEVERANCE AGREEMENT

 

This General Release and Severance Agreement
(the “Agreement”), dated as of January 7, 2016, is made and entered into by and between Andrew Minkow
(“Executive”) and Pioneer Power Solutions, Inc. (“Pioneer”).

 

For good and valuable consideration, receipt
of which is hereby acknowledged, in order to effect a mutually satisfactory and amicable separation of employment from Pioneer
and to resolve and settle finally, fully and completely all matters and disputes that now or may exist between them, as set forth
below, Andrew Minkow and Pioneer agree as follows:

 

1.        Separation from Employment. Effective January 7, 2016 (the “Separation Date”),
Executive’s employment with Pioneer shall cease based upon the mutual agreement of the parties hereto and he shall, as of
the Separation Date, relinquish all positions, offices, and authority with Pioneer. On the date Executive executes this Agreement,
he shall also execute the resignation letter attached hereto as Exhibit A confirming his resignation from Pioneer’s Board
of Directors. Executive acknowledges and agrees, except for the payments described hereunder, Executive has no rights to any other
wages and other compensation or remuneration of any kind due or owed from Pioneer, including, but not limited, to all wages, reimbursements,
bonuses, advances, vacation pay, severance pay, vested or unvested equity or stock options, awards, and any other incentive-based
compensation or benefits to which Executive was or may become entitled or eligible, except that, upon the presentation by Executive
of an itemized accounting of such expenditures, with supporting receipts, Executive shall be paid all wages and expense reimbursement
due and owing him through and including the Separation Date and shall receive reimbursement for all reasonable and customary out-of-pocket
expenses incurred in connection with his provision of consulting services hereunder in compliance with Pioneer’s expense
reimbursement policies.

 

2.        Employment Agreement. As of the Separation Date, the employment agreement between the parties dated March
30, 2012 and further amended on November 11, 2014 (the “Employment Agreement”) shall terminate forever
and no party shall have any further obligation or liability thereunder, except that Executive acknowledges and agrees that ARTICLE
III CONFIDENTIAL INFORMATION and ARTICLE IV COVENANTS of the Employment Agreement, and all sections and provisions
thereunder, shall remain in full force and effect in accordance with their terms. Pioneer agrees that it shall instruct its senior
managers to refrain from publishing any oral or written statements about Executive that (i) are slanderous, libelous or defamatory;
or (ii) place the Executive in a false light before the public. A violation or threatened violation of this prohibition may be
enjoined by the courts. The rights afforded Executive under this provision are in addition to any and all rights and remedies otherwise
afforded by law.

 

     

     

    

 

3.        Consideration. In consideration of this Agreement and the release herein becoming effective, and his compliance
with his obligations hereunder, Pioneer shall provide Executive with the following: (i) an engagement to provide consulting services
on the terms set forth in Section 4 for a period of three (3) months following the Separation Date (the “Consultancy
Period”); (ii) severance payments, in an amount equal to his base salary for three (3) months, less taxes and other
withholdings (the “Severance Payments”), to be paid in accordance with Pioneer’s standard payroll
practices beginning on the first payroll date occurring after the sixtieth (60th) day following the expiration of the Consultancy
Period, provided that the first payment shall include any amounts that would have otherwise been payable during such sixty (60)
day period, subject to Executive’s continuing compliance with the terms and provisions of this Agreement; and (iii) an additional
lump sum cash payment sufficient, on an after tax basis, to provide the Executive with funds to pay the equivalent of the employer
portion of the premium (including any administrative fee) under Pioneer’s health, dental and vision insurance plans for twelve
(12) months of COBRA coverage payable on the first payroll date occurring after the sixtieth (60th) day following the
Separation Date. Any grants of equity-based incentive compensation made by Pioneer to Executive under the Pioneer Power Solutions,
Inc. 2011 Long-Term Incentive Plan (the “Plan”) shall be subject to the terms of the Plan and as further
set forth in the applicable grant documents. For the avoidance of doubt, Executive will be on a pre-arranged vacation from March
23, 2016 through and including April 2, 2016, and will not be available to render consulting services during that period. The Parties
agree that the Consultancy Period shall be extended for a period of up to eight (8) business days from April 7, 2016, to the extent
necessary to allow Executive to make up any hours required pursuant to Paragraph 4 below.

 

4.        Consulting Services. During the Consultancy Period, Executive shall provide to Pioneer consulting services
concerning such matters and responsibilities as are reasonably requested by Pioneer through its President & CEO or new Chief
Financial Officer. Executive shall make himself available to perform these services for up to forty (40) hours per week, as determined
by Pioneer. In exchange for such consulting services, Pioneer shall pay Executive at the rate of $25,000 per month, pro rated for
any partial months during the Consultancy Period, and payable in accordance with Pioneer’s standard payroll practices and
agrees to indemnify Executive to the same extent he was indemnified during his employment with Pioneer to the extent permitted
by law, contract and statute. Executive’s relationship with Pioneer in connection with the consulting services contemplated
in this Section 4 shall be that of independent contractor, and Executive shall not be an employee of Pioneer for any purpose whatsoever,
on and as of the Separation Date, such that Executive will not be entitled to the benefit of any employee plans, programs or benefits,
as a result of or in connection with such consulting services. Executive understands that he is responsible to pay, according to
the applicable law, his income taxes. The parties agree that any tax consequences or liability arising from Pioneer’s payments
to Executive for consulting services shall be the sole responsibility of Executive. Should any state or federal taxing authority
determine that any of the payments hereunder constitute income subject to withholding under any federal or state law, then Executive
agrees to indemnify and hold Pioneer harmless for any and all tax liability, including, but not limited to, taxes, levies, assessments,
fines, interest, costs, expenses, penalties, and attorneys’ fees.  

 

5.        Supplemental Consideration. In consideration of the Executive’s execution on the date of the expiration
of the Consultancy Period or within five (5) business days thereafter, without revocation, of the supplemental release agreement
attached hereto as Exhibit B (the “Supplemental Release Agreement”), and his compliance with his obligations
both hereunder and thereunder, Pioneer shall provide Executive with additional payments, in an amount equal to his base salary
for six (6) months, less taxes and other withholdings, to be paid in accordance with Pioneer’s standard payroll practices
commencing on the first payroll date occurring after the cessation of the Severance Payments.

 

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6.        Release of Claims. For and in consideration of the right to receive the consideration described in Section
3 of this Agreement, Executive fully and irrevocably releases and discharges Pioneer, including all of its affiliates, parent companies,
subsidiary companies, employees, owners, directors, officers, principals, agents, insurers, and attorneys from any and all claims
arising or existing on, or at any time prior to, the date this Agreement is signed by Executive. Such released claims include,
without limitation, claims relating to or arising out of: (i) Executive’s hiring, compensation, benefits and employment with
Pioneer, (ii) Executive’s separation from employment with Pioneer, and (iii) all claims known or unknown or which could or
have been asserted by Executive against Pioneer, at law or in equity, or sounding in contract (express or implied) or tort, including
claims arising under any federal, state, or local laws of any jurisdiction that prohibit age, sex, race, national origin, color,
disability, religion, veteran, military status, pregnancy, sexual orientation, or any other form of discrimination, harassment,
or retaliation, including, without limitation, age discrimination claims under the Age Discrimination in Employment Act; the Americans
with Disabilities Act; claims under Title VII of the Civil Rights Act of 1964; the Rehabilitation Act; the Equal Pay Act; the Family
and Medical Leave Act, 42 U.S.C. §1981; the Civil Rights Act of 1991; the Civil Rights Act of 1866 and/or 1871; the Sarbanes
Oxley Act; the Executive Polygraph Protection Act; the Uniform Services and Employment and Re-Employment Rights Act; the Worker
Adjustment Retraining Notification Act; the National Labor Relations Act and the Labor Management Relations Act; the New York State
and City Human Rights Laws and any other similar or equivalent state laws; the New Jersey Law Against Discrimination, the New Jersey
Conscientious Executive Protection Act, and any other similar or equivalent state laws; and any other federal, state, local, municipal
or common law whistleblower protection claim, discrimination or anti-retaliation statute or ordinance; claims arising under the
Executive Retirement Income Security Act; claims arising under the Fair Labor Standards Act; or any other statutory, contractual
or common law claims. Executive does not release Executive’s right to enforce the terms of this Agreement or Executive’s
common law, contractual, statutory or other rights to indemnification arising from, or in connection with, Executive’s employment
with, or service as a director of, Pioneer or in connection with Executive’s performance of consulting services hereunder.

 

7.        Review and Consultation.  Executive acknowledges that: (a) this Agreement is written in terms and
sets forth conditions in a manner which he understands; (b) he has carefully read and understands all of the terms and conditions
of this Agreement; (c) he agrees with the terms and conditions of this Agreement; and (d) he enters into this Agreement knowingly
and voluntarily.  Executive acknowledges that he does not waive rights or claims that may arise after the date this Agreement
is executed, that he has been given twenty-one (21) days from receipt of this Agreement in which to consider whether he wanted
to sign it, that any modifications, material or otherwise made to this Agreement do not restart or affect in any manner the original
twenty-one (21) day consideration period, and that Pioneer advises Executive to consult with an attorney before he signs this Agreement.
 Pioneer agrees, and Executive represents that he understands, that he may revoke his acceptance of this Agreement at any
time for seven (7) days following his execution of the Agreement and must provide notice of such revocation by giving written notice
to Pioneer.  If not revoked by written notice received on or before the eighth (8th) day following the date of
his execution of the Agreement, this Agreement shall be deemed to have become enforceable and on such eighth (8th) day.

 

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8.        Confidentiality. Executive agrees that he will keep both the fact of this Agreement and the terms of this
Agreement confidential, and will not disclose the fact of this Agreement or the terms of this Agreement to anyone other than the
Executive's spouse/registered domestic partner, attorney or accountant/tax advisor, unless (a) otherwise required to under applicable
law or regulation after providing reasonable notice in writing to Pioneer and a reasonable opportunity to challenge any such disclosure,
or (b) this Agreement becomes public other than through breach of this Agreement by Executive . For the avoidance of doubt, nothing
herein shall preclude Executive from stating in sum and substance to prospective employers that his decision to leave Pioneer was
mutual and amicable, that he served as a consultant to Pioneer for three months following his departure, and that he left Pioneer
to pursue other opportunities.

 

9.        Governing Law/Venue. The parties agree that the Agreement shall be governed by and construed under the
laws of the State of New York. In the event of any dispute regarding this Agreement or Executive’s employment, the parties
hereby irrevocably agree to submit to the federal and state courts situated in New York, New York, and Executive agrees that he
shall not challenge personal or subject matter jurisdiction in such courts.

 

10.      Voluntary. This Agreement is executed voluntarily and without any duress or undue influence on the part
or behalf of the parties hereto. The parties acknowledge that they have had ample opportunity to have this Agreement reviewed by
the counsel of their choice.

 

11.      Acknowledgment. Executive acknowledges and agrees that the severance payments and other consideration
provided herein are consideration to which Executive is not otherwise entitled except pursuant to the terms of this Agreement,
and are being provided in exchange for Executive’s compliance with his obligations set forth hereunder.

 

12.      No Admission of Liability. This Agreement shall not in any way be construed as an admission by Pioneer
or Executive of any acts of wrongdoing or violation of any statute, law or legal right.

 

13.      Sole Agreement and Severability. Except as set forth herein, this Agreement is the sole, entire and complete
agreement of the parties relating in any way to the subject matter hereof. No statements, promises or representations have been
made by any party to any other party, or relied upon, and no consideration has been offered, promised, expected or held out other
than as expressly set forth herein, provided only that the release of claims in any prior agreement or release shall remain in
full force and effect. The covenants contained in this Agreement are intended by the parties hereto as separate and divisible provisions,
and in the event that any or all of the covenants expressed herein shall be determined by a court of competent jurisdiction to
be invalid or unenforceable, the remaining parts, terms or provisions of this Agreement shall not be affected and such provisions
shall remain in full force and effect.

 

SIGNATURE PAGE FOLLOWS

 

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PLEASE READ CAREFULLY. THIS GENERAL RELEASE AND SEVERANCE AGREEMENT
INCLUDES A RELEASE OF ANY AND ALL CLAIMS, KNOWN OR UNKNOWN, AGAINST PIONEER POWER SOLUTIONS, INC.

 

 

	PIONEER
    POWER SOLUTIONS, INC. 	ANDREW MINKOW
	 	 
	By:
    /s/     Nathan Mazurek	/s/ Andrew Minkow
	 	 
	Title:
    President                          	Date: January 7, 2016
	 	 
	Date:
    January 7, 2016	 

 

 

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EXHIBIT A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

January 7, 2016

 

 

 

Nathan Mazurek

President & CEO

Pioneer Power Solutions, Inc.

400 Kelby Street, 12th Floor

Fort Lee, NJ 07024

 

Re: Resignation

 

Dear Mr. Mazurek:

 

Please be advised that I resign from the
Pioneer Power Solutions, Inc. Board of Directors effective January 7, 2016.

 

 

Very truly yours,

 

/s/ Andrew Minkow

 

Andrew Minkow

 

 

 

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EXHIBIT B

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

SUPPLEMENTAL RELEASE AGREEMENT

 

In consideration of the consideration set
forth in the General Release and Severance Agreement (the “Agreement”), dated as of January 7, 2016,
between Andrew Minkow (“Executive”) and Pioneer Power Solutions, Inc. (“Pioneer”),
the parties agree to this supplemental release agreement (the “Supplemental Release Agreement”).

 

1.         Release of Claims. For and in consideration of the right to receive the consideration described in the
Agreement, Executive fully and irrevocably releases and discharges Pioneer, including all of its affiliates, parent companies,
subsidiary companies, employees, owners, directors, officers, principals, agents, insurers, and attorneys from any and all claims
arising or existing on, or at any time prior to, the date this Supplemental Release Agreement is signed by Executive. Such released
claims include, without limitation, claims relating to or arising out of: (i) Executive’s hiring, compensation, benefits
and employment with Pioneer, (ii) Executive’s separation from employment with Pioneer; (iii) Executive’s consulting
relationship with Pioneer; and (iv) all claims known or unknown or which could or have been asserted by Executive against Pioneer,
at law or in equity, or sounding in contract (express or implied) or tort, including claims arising under any federal, state, or
local laws of any jurisdiction that prohibit age, sex, race, national origin, color, disability, religion, veteran, military status,
pregnancy, sexual orientation, or any other form of discrimination, harassment, or retaliation, including, without limitation,
age discrimination claims under the Age Discrimination in Employment Act; the Americans with Disabilities Act; claims under Title
VII of the Civil Rights Act of 1964; the Rehabilitation Act; the Equal Pay Act; the Family and Medical Leave Act, 42 U.S.C. §1981;
the Civil Rights Act of 1991; the Civil Rights Act of 1866 and/or 1871; the Sarbanes Oxley Act; the Executive Polygraph Protection
Act; the Uniform Services and Employment and Re-Employment Rights Act; the Worker Adjustment Retraining Notification Act; the National
Labor Relations Act and the Labor Management Relations Act; the New York State and City Human Rights Laws and any other similar
or equivalent state laws; the New Jersey Law Against Discrimination, the New Jersey Conscientious Executive Protection Act, and
any other similar or equivalent state laws; and any other federal, state, local, municipal or common law whistleblower protection
claim, discrimination or anti-retaliation statute or ordinance; claims arising under the Executive Retirement Income Security Act;
claims arising under the Fair Labor Standards Act; or any other statutory, contractual or common law claims. Executive does not
release Executive’s right to enforce the terms of the Agreement, this Supplemental Release Agreement, or Executive’s
common law, contractual, statutory or other rights to indemnification arising from, or in connection with, Executive’s employment
with, or service as a director of, Pioneer or in connection with Executive’s performance of consulting services hereunder.

 

2.         Review and Consultation.  Executive acknowledges that: (a) this Supplemental Release Agreement is
written in terms and sets forth conditions in a manner which he understands; (b) he has carefully read and understands all of the
terms and conditions of this Supplemental Release Agreement; (c) he agrees with the terms and conditions of this Supplemental Release
Agreement; and (d) he enters into this Supplemental Release Agreement knowingly and voluntarily.  Executive acknowledges that
he does not waive rights or claims that may arise after the date this Supplemental Release Agreement is executed, that he has been
given twenty-one (21) days from receipt of this Supplemental Release Agreement in which to consider whether he wanted to sign it,
that any modifications, material or otherwise made to this Supplemental Release Agreement do not restart or affect in any manner
the original twenty-one (21) day consideration period, and that Pioneer advises Executive to consult with an attorney before he
signs this Supplemental Release Agreement.  Pioneer agrees, and Executive represents that he understands, that he may revoke
his acceptance of this Supplemental Release Agreement at any time for seven (7) days following his execution of the Supplemental
Release Agreement and must provide notice of such revocation by giving written notice to Pioneer.  If not revoked by written
notice received on or before the eighth (8th) day following the date of his execution of the Supplemental Release Agreement,
this Supplemental Release Agreement shall be deemed to have become enforceable and on such eighth (8th) day. 

 

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3.         Confidentiality. Executive agrees that he will keep both the fact of this Supplemental Release Agreement
and the terms of this Supplemental Release Agreement confidential, and will not disclose the fact of this Supplemental Release
Agreement or the terms of this Supplemental Release Agreement to anyone other than the Executive's spouse/registered domestic partner,
attorney or accountant/tax advisor, unless (a) otherwise required to under applicable law or regulation after providing reasonable
notice in writing to Pioneer and a reasonable opportunity to challenge any such disclosure or (b) this Supplemental Release Agreement
becomes public other than through breach of this Supplemental Release Agreement by Executive. For the avoidance of doubt, nothing
herein shall preclude Executive from stating in sum and substance to prospective employers that his decision to leave Pioneer was
mutual and amicable, that he served as a consultant to Pioneer for three months following his departure, and that he left Pioneer
to pursue other opportunities.

 

4.         Governing Law/Venue. The parties agree that the Supplemental Release Agreement shall be governed by and
construed under the laws of the State of New York. In the event of any dispute regarding this Supplemental Release Agreement or
Executive’s employment or consultancy engagement, the parties hereby irrevocably agree to submit to the federal and state
courts situated in New York, New York, and Executive agrees that he shall not challenge personal or subject matter jurisdiction
in such courts.

 

5.         Voluntary. This Supplemental Release Agreement is executed voluntarily and without any duress or undue
influence on the part or behalf of the Parties hereto. The Parties acknowledge that they have had ample opportunity to have this
Supplemental Release Agreement reviewed by the counsel of their choice.

 

6.         Acknowledgment. Executive acknowledges and agrees that the severance payments and other consideration
provided in the Agreement or herein are consideration to which Executive is not otherwise entitled except pursuant to the terms
of this Supplemental Release Agreement, and are being provided in exchange for Executive’s compliance with his obligations
set forth hereunder.

 

7.         No Admission of Liability. This Supplemental Release Agreement shall not in any way be construed as an
admission by Pioneer or Executive of any acts of wrongdoing or violation of any statute, law or legal right.

 

SIGNATURE PAGE FOLLOWS

 

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PLEASE READ CAREFULLY. THIS SUPPLEMENTAL RELEASE AGREEMENT INCLUDES
A RELEASE OF ANY AND ALL CLAIMS, KNOWN OR UNKNOWN, AGAINST PIONEER POWER SOLUTIONS, INC.

 

	PIONEER
    POWER SOLUTIONS, INC. 	ANDREW MINKOW
	 	 
	By:  __________________________	________________________
	 	 
	Title:
_________________________	Date: _______________________
	 	 
	Date:
_________________________	 

 

 

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