Document:

PLEDGE AGREEMENT

 

THIS PLEDGE AGREEMENT is dated as of May 24, 2011 (“Agreement”), between the pledgors listed on Schedule A of this Agreement (the “Pledgors”), the Purchasers (defined below), and the purchaser representative named on the signature page hereof (“Purchaser Representative”).

Recitals

	
A.

	
Pursuant to that certain Note and Warrant Purchase Agreement (the “Purchase Agreement”) dated as of the date hereof between Webxu, Inc., a Delaware corporation (the “Company”), and the purchasers named therein (the “Purchasers”), Purchasers have agreed to make a loan to the Company evidenced by the Secured Promissory Notes issued by the Company in the aggregate principal amount of $750,000 (the “Notes”).  As provided in the Purchase Agreement, Purchasers’ Representative has been designated as the representative of the Purchasers.

	
B.

	
The Pledgors are the record and beneficial owners of shares of common stock of the Company, among such holdings the 10,000,000 shares of Common Stock $0.001 par value, to be pledged to the Purchasers as security in connection with the loan transaction under the Purchase Agreement (the “Pledged Shares”).

	
C.

	
In order to induce Purchasers to make the loan as provided for in the Purchase Agreement, the Pledgors have agreed to pledge the Pledged Shares to Purchasers’ Representative (as agent for Purchasers) and to grant Purchasers’ Representative (as agent for Purchasers) the right to purchase the Pledged Shares in accordance herewith.

Agreement

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

1.           Pledge.  Pledgor hereby pledges to Purchasers’ Representative (as agent for Purchasers), and grants to Purchasers’ Representative (as agent for Purchasers) a first priority security interest in, the Pledged Shares and the certificates representing the Pledged Shares, as security for payment by the Company of the Notes issued by the Company.  All certificates evidencing the Pledged Shares shall be delivered to and held by Purchasers’ Representative (as agent for Purchasers) pursuant hereto.  The Pledgor will notify the Company to add a notation to the stock registry book of the Company, containing a notation stating that the Pledged Shares have been pledged in favor of the Purchasers’ Representative, and will cause to be delivered to the Purchasers’ Representative a certificate signed by the Secretary of the board of directors of the Company indicating that such pledge has been registered as provided herein and that the Secretary is aware of the contents of this Agreement.

2.           Defaults and Remedies.

(a)            If an Event of Default as defined in the Notes has occurred, and such default is not cured within 15 days after written notice from Purchasers’ Representative to the Company and the Pledgors (a “Default Event”), Purchasers’ Representative is hereby authorized and empowered to transfer and register in its name or in the name of its nominee the whole or any part of the Pledged Shares, to sell in one or more sales after thirty (30) days' notice of the time and place of any public sale or of the time at which a private sale is to take place (which notice Pledgor agrees is commercially reasonable) the whole or any part of the Pledged Shares and to otherwise act with respect to the Pledged Shares as though Purchasers’ Representative was the outright owner thereof.

 

  

  

  

 

(b)           Any sale shall be made at a public or private sale at Purchasers’ Representative's place of business, or at any place to be named in the notice of sale, either for cash or upon credit or for future delivery at such price as Purchasers’ Representative may deem fair, and Purchasers’ Representative (as agent for Purchasers) may be the purchaser of the whole or any part of the Pledged Shares so sold. Each sale shall be made to the highest bidder, but Purchasers’ Representative reserves the right to reject any and all bids at such sale that, in its discretion, it shall deem inadequate.

(c)           Immediately upon exercise of Purchasers’ Representative’s remedy under this Section 2, the Notes shall irrevocably be deemed cancelled and paid as to the amount of the proceeds from any such sale.

(d)           Upon sale of the Pledged Shares in accordance with this Section 2, and upon satisfaction of the all amounts then due and payable under the Notes, the Purchaser Representative shall release any remaining Pledged Shares in certificated form or any proceeds in excess of the Obligations (as defined in the Notes) to the respective Pledgors and within five (5) business days thereafter.

3.           Proxy; Voting.  The appointment of Purchasers’ Representative as proxy and attorney-in-fact shall include the right to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Shares would be entitled (including giving or withholding written consents of stockholders, calling special meetings of stockholders and voting at such meetings), provided, however, that as long as there are no Events of Default, the Purchasers’ Representative will vote according to the written instructions of the respective Pledgor.  Notwithstanding the forgoing, if the Purchasers’ Representative has not voted within 24 hours of the required vote with respect to written consents or is not present at the meeting, then Matt Hill is hereby authorized to vote according to the directions of each Pledgor as to the specific vote.  Such proxy shall be effective, automatically and without the necessity of any action (including any transfer of any Pledged Shares on the record books of the Company) by any person.  Notwithstanding the foregoing, Purchasers’ Representative shall not have any duty to exercise any such right or to preserve the same and shall not be liable for any failure to do so or for any delay in doing so.

4.           Power of Attorney.  Upon the occurrence of a Default Event, by virtue of this Section 4 and without any further action on the part of Pledgors, the Pledgors irrevocably appoint the Purchasers’ Representative as the Pledgor’s special attorney-in-fact, with full authority in the place and stead of the Pledgor and in the name of the Pledgor or otherwise, from time to time in the Purchasers’ Representative’s discretion, to take any action and to execute any instrument that the Purchasers’ Representative may deem necessary or advisable to accomplish the purposes of this Agreement, including, without limitation:

(a)           to ask for, demand, collect, sue for, recover, compromise, receive and give acquaintance and receipts for moneys due and to become due under or in respect of any of the Pledged Shares,

(b)           to receive, endorse and collect any drafts or other instruments and documents in connection with clause (a) above, and

(c)           to file any claims or take any action or institute any proceedings that the Purchasers’ Representative may deem necessary or desirable to enforce compliance with the rights of the Purchasers’ Representative with respect to any of the Pledged Shares.

  

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5.           Indemnity and Expenses.

(a)           The Pledgors agree to pay on demand all reasonable and documented out-of-pocket costs and expenses of the Purchasers’ Representative in connection with the enforcement of this Agreement and any proceeding ancillary thereto (including, without limitation, the reasonable and documented fees and expenses of counsel for the Purchasers’ Representative).

 

(b)           Each of the Pledgors agree to indemnify and hold harmless the Purchasers’ Representative, and each of its affiliates and their officers, directors, employees, agents and advisors (each, a “Purchaser Indemnified Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable and documented fees and expenses of counsel) that may be incurred by or asserted or awarded against any Purchaser Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any litigation or proceeding or preparation of a defense in connection therewith) actions of such Pledgor under this Agreement, any of the transactions contemplated herein, except to the extent such claim, damage, loss, liability or expense results from the Purchaser Indemnified Party’s gross negligence or willful misconduct.

 

7.           Termination.  This Pledge Agreement and the pledge of the Pledged Shares to Purchasers’ Representative and all rights held by it with respect to the Pledged Shares shall terminate upon payment in full of the Notes.  Immediately following the Termination, Purchasers’ Representative shall deliver the Pledged Shares to Pledgors, free and clear of the liens hereof, and all of Pledgor's obligations hereunder shall terminate at such time.

8.           Notices.  All notices, requests, demands, claims, and other communications hereunder will be in writing.  Any notice, request, demand, claim or other communication hereunder will be deemed duly given (a) upon delivery, if delivered personally to the recipient or (b) upon the first business day after the date sent, if sent to the intended recipient by reputable express courier service (charges prepaid) and addressed to the intended recipient as set forth below:

 

If to a Pledgor or Pledgors, to the respective addresses indicated on Schedule A.

If to Purchasers’ Representative, to the address specified on the signature pages hereto.

Any party hereto may send any notice, request, demand, claim or other communication hereunder to the intended recipient at the address set forth above using any other means, but no such notice, request, demand, claim or other communication will be deemed to have been duly given unless and until it actually is received by the intended recipient.  Any party hereto may change the address (or add new parties and their addresses) to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other parties hereto notice in the manner set forth in this Section 8.

9.           Successors and Assigns. This Agreement and all obligations of the Pledgors hereunder shall be binding upon the successors and assigns of Pledgors and shall, together with the rights and remedies of Purchasers’ Representative hereunder, inure to the benefit of Purchasers’ Representative and its successors and assigns; provided, that except as specifically provided in this Agreement Purchasers’ Representative may not assign, sell, hypothecate or otherwise transfer any interest in or rights under this Agreement or in the Pledged Shares.

10.         Counterparts. This Agreement may be executed in any number of separate counterparts, each of which shall collectively and separately constitute one agreement.

 

  

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11.         Complete Agreement.  This Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and supersedes and preempts any prior drafts, understandings, agreements or representations by or among the parties written or oral, which may have related to the subject matter hereof in any way.

12.         Further Instruments.  At any time and from time to time, the Pledgors shall promptly execute and deliver further instruments and documents, and take all further action, that may be necessary or that the Purchasers’ Representative may reasonably request, in order to perfect and protect the security interest granted hereby, or to enable the Purchasers’ Representative to exercise its rights and remedies hereunder.

 

13.         Governing Law.  This Agreement will be governed by and construed in accordance with the domestic laws of the State of California, without giving effect to the choice of law provisions thereof.

14.         Amendment and Waiver.  The provisions of this Agreement may be amended and waived only with the prior written consent of each of the Pledgors and the Purchasers’ Representative, and no course of conduct or failure or delay in enforcing the provisions of this Agreement will affect the validity, binding effect or enforceability of this Agreement or any provision hereof.

15.         Severability; Reformation.  If any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue to full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

 [Signature Page Follows]

 

  

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IN WITNESS WHEREOF, Pledgors, Purchasers’ Representative, the Company and the Purchasers have each executed and delivered this Pledge Agreement as of the date first set forth above.

PLEDGORS:

	
RTW HOLDINGS, LLC

	  	  
	
By:

	
/s/ Rhett McNulty

	  	  
	
Name:

	
Rhett McNulty

	  	  
	
Title:

	  
	  	  
	
SUNLIGHT VENTURES, LLC

	  	  
	
/s/ Matthew Hill

	
Matthew Hill

	
Title:

	  

	
/s/ Jeffrey Aaronson

	
Jeffrey Aaronson, an individual

	  
	
/s/ Krishnan Ramaswami

	
Krishnan Ramaswami, an individual

	
COMPANY:

	
WEBXU, INC.

	  	  	  
	  	
By:

	
/s/ Matt Hill

	  	  	
 Matt Hill

	  	  	
 Chief Executive Officer

 

  

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PURCHASERS’ REPRESENTATIVE:

	
By:

	
/s/ Amy Atkinson

	  	  
	
Name:

	
Amy Atkinson

	  	  
	
Title:

	  

	
Address for Notices:

	  
	 
	 
	 
	 
	
Telephone:

	  
	  	  
	
Facsimile:

	  
	  	  
	
E-mail:

	  

 

  

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SCHEDULE A

 

PLEDGED SHARES

 

	
Pledgor and Address

	  	
Pledged Shares (common stock)

	  	  	  
	
RTW HOLDINGS, LLC

	  	
1,500,000

	  	  	  
	
Address: _____________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
SUNLIGHT VENTURES, LLC

	  	
8,000,000

	  	  	  
	
Address: _____________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
Jeffrey Aaronson

	  	
250,000

	  	  	  
	
Address: _____________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
Krishnan Ramaswami

	  	
250,000

	  	  	  
	
Address: _____________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
____________________________________________

	  	  
	  	  	  
	
Total Pledged Shares:         

	
10,000,000

  

7Unassociated Document

INDEMNIFICATION AGREEMENT

 

This Indemnification Agreement (this “Agreement”), made as of July 22,  2011 between CST Holding Corp., a Colorado corporation (the “Company”), and Christine Tedesco.  Mrs. Tedesco is referred to as an “Indemnitee” and, sometimes, the “Director”).

 

RECITALS:

 

WHEREAS, Mrs. Tedesco is willing to continue to serve as a director of the Company on the condition that in her capacity as a director of the Company on and after the Change of Control Date, she be indemnified to the fullest extent permitted by law; and

 

WHEREAS, concurrently with the execution of this Agreement, the Director is agreeing to continue to serve as a director of the Company on and after the Change of Control Date until her resignation as a director of the Company is effective upon compliance by the Company with the provisions of Section 14(f) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 14f-1 promulgated thereunder.

 

NOW, THEREFORE, in consideration of the premises and the covenants herein contained, the Company and the Indemnitee hereby agrees as follows:

 

1.           Agreement to Serve.  The Director agrees to continue to serve as a director of the Company on and after the Change of Control Date hereof until her resignation as a director of the Company is effective upon compliance by the Company with Section 14(f) of the Exchange Act and Rule 14f-1 promulgated thereunder.

 

2.           Definitions.  As used in this Agreement:

 

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

 

(b)           “Change of Control Date”  shall mean July 22, 2011.

 

(c)           “Expenses”  includes, without limitation, all costs, expenses and obligations (including attorneys’ fees and disbursements, court costs, travel expenses and fees of experts) incurred or paid in connection with investigating, defending, being a witness in or participating in, or preparing to defend, any Proceeding, whether conducted by the Company or otherwise, including, without limitation, any Proceeding, action or process for the purpose of establishing Indemnitee’s right to indemnification under this Agreement and any amounts paid in settlement by or on behalf of Indemnitee.

 

(d)           “Independent Legal Counsel” means legal counsel who or which has not provided or performed services for the Company, any of its directors, officers or the Indemnitee for the last three years and is not otherwise representing any party to any Proceeding, other than legal services rendered as an independent legal counsel in any prior determination regarding indemnification under this Agreement or any similar agreement with any other director or officer.

 

  

  

  

 

(e)           “Official Capacity” means the elective or appointive office in the Company held by the director and/or officer.

 

(f)           “Person” shall mean any individual, corporation, partnership, joint venture, limited liability company or other entity.

 

(g)           “Proceeding” includes any threatened, pending or completed action, suit or proceeding, whether of a civil, criminal, administrative, arbitrative or investigative nature (including all appeals therefrom), or any inquiry or investigation that could lead to such an action, suit or proceeding.

 

(h)           References to “other enterprise” shall include employee benefit plans; references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company that imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a person who is determined to have acted in good faith and in a manner he reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “she reasonably believed to be in or not opposed to the best interests of the Company,” as referred to in this Agreement.

 

3.           Indemnity.  The Company shall indemnify the Indemnitee to the fullest extent permitted by law if Indemnitee was, is or becomes a party to or is threatened to be made a party to or otherwise involved (as a witness or otherwise) in any Proceeding because the Director is or was, on and after the Change of Control Date, a director, officer, employee, trustee, agent or fiduciary of the Company or is or was serving, on or after the Change of Control Date, at the request of the Company as a director, officer, partner, venturer, proprietor, trustee, employee, agent or similar functionary of another foreign or domestic corporation, partnership, joint venture, sole proprietorship, trust or other enterprise, against all Expenses, judgments, amounts paid in settlement, fines and penalties (including excise and similar taxes) (each, a “Claim” and collectively, “Claims”) incurred by the Indemnitee in connection with the defense or settlement of such Proceeding, but only if it is determined pursuant to Section 4 that the applicable Director acted in good faith and (a) in the case of conduct in her Official Capacity, in a manner she reasonably believed to be in the best interests of the Company; (b) in all other cases, in a manner she reasonably believed to be in or not opposed to the best interests of the Company and (c) in the case of a criminal proceeding, had no reasonable cause to believe that her conduct was unlawful.  No indemnification will be made to Indemnitee with respect to any Proceeding relating to any actions and/or omissions occurring prior to, and including, the Change of Control Date or in which the applicable Director shall have been found liable for willful or intentional misconduct in the performance of her duty to the Company or for any grossly negligent act or omission.  The termination of any such Proceeding by judgment, order of court, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, determine that Indemnitee did not act in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal proceeding, that such person had reasonable cause to believe that her conduct was unlawful.  The Indemnitee shall be deemed to have been found liable in respect of any claim, issue or matter only after they have been so adjudged by a court of competent jurisdiction after exhaustion of all appeals therefrom.  The Indemnitee shall, as a condition precedent to be indemnified under this Agreement, give to the Company notice in writing as soon as possible of any Claims made against such Indemnitee for which indemnity will or could be subject under this Agreement.

 

  

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4.           Right of Indemnitee to Indemnification Upon Application; Procedure Upon Application.  Any indemnification under Section 3 shall be made or paid by the Company no later than 60 calendar days after receipt by the Company of the written request of Indemnitee therefor, unless a determination is made within such 60 calendar day period that the applicable Director has not met the relevant standards or other conditions for indemnification set forth in Section 3.  Such determination shall be made (a) by a majority vote of a quorum consisting of members of the Board of Directors who are not parties to the Proceedings; (b) if such a quorum cannot be obtained, by a majority vote of a committee of the Board of Directors of the Company, designated to act in the matter by a majority vote of all directors, consisting solely of two or more directors who at the time of the vote are not parties to the Proceedings; (c) by Independent Legal Counsel selected by the Board of Directors of the Company or a committee of the Board of Directors of the Company by vote as set forth in Subsection (a) and (b) of this Section 4, or, if such a quorum cannot be obtained and such a committee cannot be established, by a majority vote of all directors of the Company; or (d) by the stockholders in a vote that excludes the shares held by directors who are parties to the Proceedings (in any such case, the “Reviewing Party”).  In connection with any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to indemnification under any provision of this Agreement, the burden of proof shall be on the Company to establish that the Indemnitee is not so entitled.  If there has been no determination by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law, the Indemnitee shall have the right to commence litigation in any court in the State of Colorado having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, and the Company hereby consents to service of process and to appear in any such proceeding.  Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and Indemnitee.

 

5.           Indemnification of Expenses of Successful Party.  To the extent Indemnitee has been wholly successful on the merits or otherwise in defense of any Proceeding or in defense of any claim, issue or matter therein, including the dismissal of an action without prejudice, such Indemnitee shall be indemnified against all Expenses incurred in connection therewith.

 

6.           Advances of Expenses.  The Expenses incurred by Indemnitee in connection with any Proceeding shall be paid by the Company in advance of a final disposition of such Proceeding at the written request of the Indemnitee, if (a) the indemnification is pursuant to Section 3 and the Company receives a written affirmation by the Indemnitee of the Indemnitee’s good faith belief that he has met the necessary standard of conduct and other conditions for indemnification, and (b) such Indemnitee undertakes, in writing, to repay such amount if and to the extent that it is ultimately determined that she is not entitled to indemnification for such Expenses pursuant to Section 3.  Following such a request, statement and undertaking by such Indemnitee, the Company shall, subject to the provisions of Section 4, pay all invoices, statements or bills reflecting such Expenses submitted by or on behalf of Indemnitee and shall reimburse Indemnitee for all Expenses paid by such Indemnitee within 30 calendar days.  Any dispute as to the reasonableness of any Expense shall be resolved only upon the disposition or conclusion of the Proceeding.  The Company agrees to pay the fees of any Independent Legal Counsel required by this Agreement and to indemnify such counsel against all reasonable expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto.

 

  

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7.           Court Ordered Indemnification; Fees and Expenses.  The right to indemnification or advances as provided by this Agreement shall be enforceable by the Indemnitee in any court of competent jurisdiction.  Should any party hereto be required to employ an attorney to enforce or defend the rights of such party hereunder or in connection herewith, the prevailing party shall be entitled to recover from the losing party such prevailing party’s court costs and reasonable attorneys’ fees and expenses actually incurred in connection therewith.

 

8.           No Presumption.  For purposes of this Agreement, the termination of any claim, action, suit or proceeding, by judgment, order, settlement (whether with or without court approval), or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification is not permitted by applicable law.

 

9.           Indemnification Hereunder Not Exclusive.  The indemnification provided by this Agreement shall not be deemed exclusive of and shall be in addition to (but shall not be duplicative of) any other rights to which the Indemnitee may be entitled under the Company’s Certificate of Incorporation or Bylaws, any agreement (including on any and all directors’ and/or officers’ insurance policies), any vote of stockholders or disinterested directors, or otherwise.  The indemnification under this Agreement shall continue as to the Indemnitee, even though the Director may have ceased to be a director and/or officer (provided that the Claim arises from actions and/or omissions of the Director after the Change of Control Date) and shall inure to the benefit of the Indemnitee’s heirs, personal representatives, successors and assigns, as applicable.

 

10.           Partial Indemnification.  If the Indemnitee is entitled under any provision of this to indemnification by the Company for some or a portion of the Expenses or Claims actually and reasonably incurred by Indemnitee in the investigation, defense, appeal or settlement of any Proceeding but not, however, for the total amount thereof, the Company shall nevertheless indemnify such Indemnitee for the portion of such Expenses, judgments, fines or penalties to which such Indemnitee is entitled.

 

11.           Savings Clause.  If this Agreement or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, the Company shall nevertheless indemnify the Indemnitee as to Expenses, judgments, fines and penalties with respect to any Proceeding to the full extent permitted by any applicable portion of this Agreement that shall not have been invalidated.

 

12.           Notice.  Any notice, payment, demand or communication required or permitted to be delivered or given by the provisions of this Agreement shall be deemed to have been effectively delivered or given and received upon the date personally delivered to (or faxed to) the respective party to which it is directed, or five (5) business days after being deposited by registered or certified mail, with postage and charges prepaid to the Indemnitee, at 7060B South Tucson Way, Centennial Colorado 80112 and to the Company at 3435 Ocean Park Blvd., Suite 107-282, Santa Monica, California 90405

  

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3.           Counterparts.  This Agreement maybe executed in any number of counterparts, and upon the execution hereof by all parties hereto, in counterparts or otherwise, each executed counterpart shall constitute an original and all of such counterparts together shall constitute a single original.

 

4.           Governing Law.  This Agreement and the rights and obligations of the parties hereto shall be governed by and construed and enforced in accordance with the substantive laws (but not the rules governing conflict of laws) of the State of Colorado.

 

5.           Jurisdiction.  The Company and the Indemnitee each hereby irrevocably consent to the jurisdiction of any court of competent jurisdiction and appropriate venue in the State of Colorado for all purposes in connection with any action or proceeding that arises out of or relates to this Agreement.

 

6.           Captions.  The captions in this Agreement are for convenience of reference only and shall not limit or otherwise affect any of the terms or provisions hereof.

 

7.           Gender and Number.  When the context requires, the gender of all words used herein shall include the masculine, feminine and neuter, and the number of words shall include the singular and plural.

 

8.           Successors and Assigns.  This Agreement shall be binding upon the Company and its successors and assigns.

 

9.           Amendments.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto.  No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall that waiver constitute a continuing waiver.

 

 

[SIGNATURE PAGE FOLLOWS]

 

  

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CST Holding Corp.

	 
	 	 	 	 
	
 

	
By: 

	/s/ Matt Hill	 
	 	 	 
Matt Hill

	 
	 	 	 
Chief Executive Officer

	 
	 	 	 	 

	
 

	 
/s/ Christine Tedesco

	 
	 	 	 
 
Christine Tedesco

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