Document:

Execution Version	Exhibit 10.1

 

INDEMNIFICATION SHARES ESCROW AGREEMENT

 

This Indemnification
Shares Escrow Agreement (this “Agreement”) is entered into as of January 15, 2014 by and among Ekso Bionics Holdings,
Inc. (f/k/a PN Med Group Inc.), a Nevada corporation (the “Parent”), Nathan Harding, a California resident (the “Indemnification
Representative”), and Gottbetter & Partners, LLP, as escrow agent (the “Escrow Agent”). Capitalized terms
not otherwise defined herein shall have the meaning ascribed to them in the Merger Agreement (as defined below).

 

WHEREAS, the
Parent has entered into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) among Ekso Bionics,
Inc., a Delaware corporation (the “Company”), Parent and Ekso Acquisition Corp., a Delaware corporation and a wholly-owned
acquisition subsidiary of the Parent (“Acquisition Corp.”), pursuant to which (i) Acquisition Corp. will merge with
and into the Company, with the Company surviving the merger, (ii) the Company will become a wholly-owned subsidiary of the Parent,
and (iii) the Company Stockholders will receive shares of the Parent Common Stock in exchange for their shares of the Company Common
Stock and Company Preferred Stock issued and outstanding immediately prior to the Effective Time (other than Dissenting Shares,
if any), as equal to the applicable Conversion Ratio (“Merger Shares”); and

 

WHEREAS, the
Merger Agreement provides that 95% of the Merger Shares (the “Initial Shares”) to be issued to such Company Stockholders
shall be delivered to such Company Stockholders and 5% of the Merger Shares rounded to the nearest whole number (with 0.5 shares
rounded upward to the nearest whole number) to be issued to such Company Stockholders shall be delivered to the Escrow Agent to
secure the indemnification obligations of the Company Stockholders as of the Closing Date (collectively, the “Indemnifying
Stockholders”), to the Parent; and

 

WHEREAS, the
Merger Agreement provides for the execution of this Agreement and the establishment of an escrow account and the parties hereto
desire to establish the terms and conditions pursuant to which such escrow account will be established and maintained.

 

NOW, THEREFORE,
the parties hereto hereby agree as follows:

 

    	 

    	 

    

 

1.          Escrow
and Indemnification.

 

(a)          Escrow
of Shares. Simultaneously with the execution of this Agreement, the Parent shall cause to be issued and shall deposit with
the Escrow Agent certificates representing an aggregate number of shares of the Parent Common Stock computed based upon the applicable
Conversion Ratio, as determined pursuant to Section 1.5(b) of the Merger Agreement, issued in the name of the Escrow Agent. The
shares deposited with the Escrow Agent pursuant to this Section 1(a) are referred to herein as the “Indemnification Escrow
Shares.” The Indemnification Escrow Shares shall be held as a trust fund and shall not be subject to any lien, attachment,
trustee process or any other judicial process of any creditor of any party hereto. The Indemnification Escrow Agent agrees to hold
the Indemnification Escrow Shares in an escrow account (the “Escrow Account”), subject to the terms and conditions
of this Agreement.

 

(b)          Indemnification.
Section 6.1 of the Merger Agreement provides that the Company Stockholders shall indemnify and hold harmless the Parent from and
against certain Damages (as defined in Section 6.1 of the Merger Agreement) on the terms and conditions contained in Article VI
of the Merger Agreement. The Indemnification Escrow Shares shall be (i) security for such indemnity obligation of the Indemnifying
Stockholders, subject to the limitations, and in the manner provided, in this Agreement and the Merger Agreement and (ii) except
with respect to any fraud or willful misconduct by the Company in connection with the Merger Agreement, shall be the exclusive
means for the Parent to collect any Damages with respect to which the Parent is entitled to indemnification under Article VI of
the Merger Agreement.

 

(c)          Dividends,
Etc. Any securities distributed in respect of or in exchange for any of the Indemnification Escrow Shares, whether by way of
stock dividends, stock splits or otherwise, shall be issued in the name of the Escrow Agent or its nominee and shall be delivered
to the Escrow Agent, who shall hold such securities in the Escrow Account. Such securities shall be considered Indemnification
Escrow Shares for purposes hereof. Any cash dividends or property (other than securities) distributed in respect of the Indemnification
Escrow Shares shall promptly be distributed by the Escrow Agent to the Indemnifying Stockholders in accordance with Section 3(c)
hereof.

 

(d)          Voting
of Shares. The Indemnification Representative shall have the right, in his sole discretion, on behalf of the Indemnifying Stockholders,
to direct the Escrow Agent in writing as to the exercise of any voting rights pertaining to the Indemnification Escrow Shares,
and the Escrow Agent shall comply with any such written instructions. In the absence of such instructions, the Escrow Agent shall
not vote any of the Indemnification Escrow Shares. The Indemnification Representative shall have no obligation to solicit consents
or proxies from the Indemnifying Stockholders for purposes of any such vote.

 

(e)          Transferability.
The respective interests of the Indemnifying Stockholders in the Indemnification Escrow Shares shall not be assignable or transferable,
other than by operation of law. Notice of any such assignment or transfer by operation of law shall be given to the Escrow Agent
and the Parent, and no such assignment or transfer shall be valid until such notice is given.

 

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2.          Intentionally
Omitted.

 

3.          Distribution
of Indemnification Escrow Shares.

 

(a)          The
Escrow Agent shall distribute the Indemnification Escrow Shares only in accordance with (i) a written instrument delivered to the
Escrow Agent that is executed by both the Parent and the Indemnification Representative and that instructs the Escrow Agent as
to the distribution of some or all of the Indemnification Escrow Shares, (ii) an order of a court of competent jurisdiction, a
copy of which is delivered to the Escrow Agent by either the Parent or the Indemnification Representative, that instructs the Escrow
Agent as to the distribution of some or all of the Indemnification Escrow Shares, or (iii) the provisions of Section 3(b) hereof.

 

(b)          Within
five (5) business days after January 15, 2015 (the “Termination Date”), the Escrow Agent shall distribute to the Indemnifying
Stockholders all of the Indemnification Escrow Shares then held in escrow, registered in the names of the Indemnifying Stockholders.
Notwithstanding the foregoing, if the Parent has previously delivered to the Escrow Agent a copy of a Claim Notice (as hereinafter
defined) and the Escrow Agent has not received written notice executed by Parent of the resolution of the claim covered thereby,
or if the Parent has previously delivered to the Escrow Agent a copy of an Expected Claim Notice (as hereinafter defined) and the
Escrow Agent has not received written notice executed by Parent of the resolution of the anticipated claim covered thereby, the
Escrow Agent shall retain in escrow after the Termination Date such number of Indemnification Escrow Shares as have a Value (as
defined in Section 4 below) equal to the Claimed Amount (as hereinafter defined) covered by such Claim Notice or equal to the estimated
amount of Damages set forth in such Expected Claim Notice, as the case may be. Any Indemnification Escrow Shares so retained in
escrow shall be distributed only in accordance with the terms of clauses (i) or (ii) of Section 3(a) hereof. For purposes of this
Agreement, a Claim Notice means a written notification under the Merger Agreement given by the Parent to the Indemnifying Stockholders
which contains (i) a description and the amount (the “Claimed Amount”) of any Damages incurred or reasonably expected
to be incurred by the Parent, (ii) a statement that the Parent is entitled to indemnification under Article VI of the Merger Agreement
for such Damages and a reasonable explanation of the basis therefor, and (iii) a demand for payment (in the manner provided in
Section 6.3 of the Merger Agreement) in the amount of such Damages. For purposes of this Agreement, an Expected Claim Notice means
a notice delivered pursuant to the Merger Agreement by the Parent to an Indemnifying Stockholder, before expiration of a representation
or warranty, to the effect that, as a result a legal proceeding instituted by or written claim made by a third party, the Parent
reasonably expects to incur Damages as a result of a breach of such representation or warranty.

 

(c)          Any
distribution of all or a portion of the Indemnification Escrow Shares to the Indemnifying Stockholders shall be made by delivery
of stock certificates issued in the name of the Indemnifying Stockholders in proportion to each such Indemnifying Stockholder’s
original contribution of Indemnification Escrow Shares pursuant to the terms of the Merger Agreement. Distributions to the Indemnifying
Stockholders shall be made by mailing stock certificates to such holders at their respective addresses shown on the stock records
of the Company as of the Closing Date (or such other address as may be provided in writing to the Escrow Agent by any such Indemnifying
Stockholder). No fractional Indemnification Escrow Shares shall be distributed to Indemnifying Stockholders pursuant to this Agreement.
Instead, the number of shares that each Indemnifying Stockholder shall receive shall be rounded up or down to the nearest whole
number (provided that the Indemnification Representative shall have the authority to effect such rounding in such a manner that
the total number of whole Indemnification Escrow Shares to be distributed equals the number of Indemnification Escrow Shares then
held in the Escrow Account).

 

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4.          Valuation
of Indemnification Escrow Shares. For purposes of this Agreement, the “Value” of any Indemnification Escrow Shares
shall be $1.00 per share, multiplied by the number of such Indemnification Escrow Shares.

 

5.          Fees
and Expenses of Escrow Agent. The Parent shall pay the fees of the Escrow Agent for the services to be rendered by the Escrow
Agent hereunder.

 

6.          Limitation
of Escrow Agent’s Liability.

 

(a)          The
Escrow Agent shall incur no liability with respect to any action taken or suffered by it in reliance upon any notice, direction,
instruction, consent, statement or other documents believed by it to be genuine and duly authorized, nor for other action or inaction
except its own willful misconduct or gross negligence. The Escrow Agent shall not be responsible for the validity or sufficiency
of this Agreement. In all questions arising under this Agreement, the Escrow Agent may rely on the advice of counsel, and the Escrow
Agent shall not be liable to anyone for anything done, omitted or suffered in good faith by the Escrow Agent based on such advice.
The Escrow Agent shall not be required to take any action hereunder involving any expense unless the payment of such expense is
made or provided for in a manner reasonably satisfactory to it. In no event shall the Escrow Agent be liable for indirect, punitive,
special or consequential damages.

 

(b)          The
Parent and the Indemnifying Stockholders agree to indemnify the Escrow Agent for, and hold it harmless against, any loss, liability
or expense incurred without gross negligence or willful misconduct on the part of Escrow Agent, arising out of or in connection
with its carrying out of its duties hereunder. The Parent, on the one hand, and the Indemnifying Stockholders, on the other hand,
shall each be liable for one-half of such amounts, provided that the Indemnification Escrow Shares shall constitute the sole and
exclusive source for satisfaction of the Indemnifying Stockholders’ obligations hereunder and the Indemnifying Stockholders
shall in no event be responsible for amounts in excess of the value of the Escrow Shares at the time the indemnification is paid.

 

7.          Liability
and Authority of Indemnification Representative; Successors and Assignees.

 

(a)          The
Indemnification Representative shall not incur any liability to the Indemnifying Stockholders with respect to any action taken
or suffered by him in reliance upon any note, direction, instruction, consent, statement or other documents believed by him to
be genuinely and duly authorized, nor for other action or inaction except his own willful misconduct or gross negligence. The Indemnification
Representative may, in all questions arising under this Agreement, rely on the advice of counsel and the Indemnification Representative
shall not be liable to the Indemnifying Stockholders for anything done, omitted or suffered in good faith by the Indemnification
Representative based on such advice.

 

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(b)          In
the event of the death or permanent disability of the Indemnification Representative, or his or her resignation or termination
as an Indemnification Representative, a successor Indemnification Representative shall be elected by a majority vote of the Indemnifying
Stockholders, with each such Indemnifying Stockholder (or his, her or its successors or assigns) to be given a vote equal to the
number of votes represented by the shares of stock of the Company held by such Indemnifying Stockholder immediately prior to the
effective time of the Merger Agreement. Each successor Indemnification Representative shall have all of the power, authority, rights
and privileges conferred by this Agreement upon the original Indemnification Representative, and the term “Indemnification
Representative” as used herein shall be deemed to include each successor Indemnification Representative.

 

(c)          The
Indemnification Representative shall have full power and authority to represent the Indemnifying Stockholders, and their successors,
with respect to all matters arising under this Agreement and Article VI of the Merger Agreement and all actions taken by the Indemnification
Representative hereunder or under Article VI of the Merger Agreement shall be binding upon the Indemnifying Stockholders, and their
successors, as if expressly confirmed and ratified in writing by each of them. Without limiting the generality of the foregoing,
the Indemnification Representative shall have full power and authority to interpret all of the terms and provisions of this Agreement,
to compromise any claims asserted hereunder and to authorize any release of the Indemnification Escrow Shares to be made with respect
thereto, on behalf of the Indemnifying Stockholders and their successors.

 

(d)          After
Closing Date, the majority vote of the Indemnifying Stockholders may terminate the Indemnification Representative and appoint a
successor Indemnification Representative in accordance with the terms of Section 7(b) above.

 

(e)          The
Escrow Agent may rely on the Indemnification Representative as the exclusive agent of the Indemnifying Stockholders under this
Agreement and shall incur no liability to any party with respect to any action taken or suffered by it in good faith reliance thereon.

 

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8.          Amounts
Payable by Indemnifying Stockholders. The amounts payable by the Indemnifying Stockholders under this Agreement (i.e., the
indemnification obligations pursuant to Section 6(b)) shall be payable solely as follows. The Escrow Agent shall notify the Indemnification
Representative of any such amount payable by the Indemnifying Stockholders as soon as it becomes aware that any such amount is
payable, with a copy of such notice to the Parent. On the sixth (6th) business day after the delivery of such notice,
the Escrow Agent shall sell such number of Indemnification Escrow Shares (up to the number of Indemnification Escrow Shares then
available in the Indemnification Shares Escrow Account), subject to compliance with all applicable securities laws, as is necessary
to raise such amount, and shall be entitled to apply the proceeds of such sale in satisfaction of such indemnification obligations
of the Indemnifying Stockholders; provided that if the Indemnification Representative delivers to the Escrow Agent (with a copy
to the Parent), within five (5) business days after delivery of such notice by the Indemnification Representative, a written notice
contesting the legitimacy or reasonableness of such amount, then the Escrow Agent shall not sell Indemnification Escrow Shares
to raise the disputed portion of such claimed amount except in accordance with the terms of clauses (i) or (ii) of Section 3(a).

 

9.          Termination.
This Agreement shall terminate upon the distribution by the Escrow Agent of all of the Indemnification Escrow Shares in accordance
with this Agreement; provided that the provisions of Sections 6 and 7 shall survive such termination.

 

10.         Notices.
All notices, instructions and other communications given hereunder or in connection herewith shall be in writing. Any such notice,
instruction or communication shall be sent either (i) by registered or certified mail, return receipt requested, postage prepaid,
or (ii) via a reputable nationwide overnight courier service, in each case to the address set forth below. Any such notice, instruction
or communication shall be deemed to have been delivered five business days after it is sent by registered or certified mail, return
receipt requested, postage prepaid, or one business day after it is sent via a reputable nationwide overnight courier service.

 

If to the Parent:

 

Ekso Bionics Holdings, Inc.

c/o Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Facsimile:  (212) 400-6901

 

with a copy to (which
shall not constitute notice hereunder):

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Attn: Adam S. Gottbetter, Esq.

Facsimile: 212.400.6901

 

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If to the Indemnification Representative:

 

Nathan Harding

c/o Ekso Bionics, Inc.

1414 Harbour Way South, Suite 1201

Richmond, California 94804

Facsimile:  510.927.2647

 

with a copy to (which
shall not constitute notice hereunder):

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Attn: Adam S. Gottbetter, Esq.

Facsimile: 212.400.6901

 

If to the Escrow Agent:

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th
Floor

New York, NY 10022

Attn:  Adam S. Gottbetter,
Esq.

Facsimile:  212.400.6901

 

Any party may give any notice, instruction
or communication in connection with this Agreement using any other means (including personal delivery, telecopy or ordinary mail),
but no such notice, instruction or communication shall be deemed to have been delivered unless and until it is actually received
by the party to whom it was sent. Any party may change the address to which notices, instructions or communications are to be delivered
by giving the other parties to this Agreement notice thereof in the manner set forth in this Section 10.

 

11.         Successor
Escrow Agent. In the event the Escrow Agent becomes unavailable or unwilling to continue in its capacity herewith, the Escrow
Agent may resign and be discharged from its duties or obligations hereunder by delivering a resignation to the parties to this
Agreement, not less than 60 days prior to the date when such resignation shall take effect. The Parent may appoint a successor
Escrow Agent without the consent of the Indemnification Representative, and may appoint any other successor Escrow Agent with the
consent of the Indemnification Representative, which shall not be unreasonably withheld. If, within such notice period, the Parent
provides to the Escrow Agent written instructions with respect to the appointment of a successor Escrow Agent and directions for
the transfer of any Indemnification Escrow Shares then held by the Escrow Agent to such successor, the Escrow Agent shall act in
accordance with such instructions and promptly transfer such Indemnification Escrow Shares to such designated successor. If no
successor Escrow Agent is named as provided in this Section 11 prior to the date on which the resignation of the Escrow Agent is
to properly take effect, the Escrow Agent may apply to a court of competent jurisdiction for appointment of a successor Escrow
Agent.

 

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12.         General.

 

(a)          Governing
Law; Assigns. This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York
without regard to conflict-of-law principles and shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns.

 

(b)          Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

(c)          Entire
Agreement. Except for those provisions of the Merger Agreement referenced herein, this Agreement constitutes the entire understanding
and agreement of the parties with respect to the subject matter of this Agreement and supersedes all prior agreements or understandings,
written or oral, between the parties with respect to the subject matter hereof.

 

(d)          Waivers.
No waiver by any party hereto of any condition or of any breach of any provision of this Agreement shall be effective unless in
writing. No waiver by any party of any such condition or breach, in any one instance, shall be deemed to be a further or continuing
waiver of any such condition or breach or a waiver of any other condition or breach of any other provision contained herein.

 

(e)          Amendment.
This Agreement may be amended only with the written consent of the Parent, the Escrow Agent and the Indemnification Representative.

 

(f)          Consent
to Jurisdiction and Service. The parties hereby absolutely and irrevocably consent and submit to the jurisdiction of the courts
in the State of New York and of any Federal court located in the State of New York in connection with any actions or proceedings
brought against any party hereto by the Escrow Agent arising out of or relating to this Agreement. In any such action or proceeding,
the parties hereby absolutely and irrevocably waive personal service of any summons, complaint, declaration or other process and
hereby absolutely and irrevocably agree that the service thereof may be made by certified or registered first-class mail directed
to such party, at their respective addresses in accordance with Section 10 hereof.

 

(g)          Binding
Effect. This Agreement shall be binding upon the respective parties hereto and their heirs, executors, successors and assigns.

 

[signature
page follows]

 

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

 

	 	EKSO BIONICS, INC.
	 	 	 
	 	By: 	/s/ Nathan Harding
	 	Name:	Nathan Harding
	 	Title:	Chief Executive Officer
	 	 	 
	 	Nathan Harding, Individually and as Indemnification Representative
	 	 	 
	 	 	/s/ Nathan Harding
	 	(signature)	 
	 	 	 
	 	GOTTBETTER & PARTNERS, LLP
	 	 	 
	 	By:	/s/ Adam S. Gottbetter
	 	Name:	Adam S. Gottbetter
	 	Title:	Managing PartnerExhibit 10.2

 

SPLIT-OFF AGREEMENT

 

This SPLIT-OFF AGREEMENT,
dated as of January 15, 2014 (this “Agreement”), is entered into by and among PN MED GROUP, INC. , a
Nevada corporation (the “Seller”), PN Med Split Off Corp, a Delaware corporation (“Split-Off Subsidiary”),
and PEDRO PEREZ NIKLITSCHEK and MIGUEL MOLINA URRA (each a “Buyer” and, together, the “Buyers”).

 

RECITALS:

 

WHEREAS, Seller is
the owner of all of the issued and outstanding capital stock of Split-Off Subsidiary; Split-Off Subsidiary is a wholly owned subsidiary
of Seller which will acquire the business assets and liabilities previously held by Seller; and Seller has no other businesses
or operations prior to the Merger (as defined herein);

 

WHEREAS, contemporaneously
with the execution of this Agreement, Seller, Ekso Bionics, Inc., a Nevada corporation (“PrivateCo”),
and a newly-formed wholly-owned subsidiary of Seller, Ekso Acquisition Corp. (“Acquisition Sub”), will
enter into an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) pursuant to which Acquisition
Sub will merge with and into PrivateCo with PrivateCo remaining as the surviving entity (the “Merger”); and
the equity holders of PrivateCo will receive securities of Seller in exchange for their equity interests in PrivateCo;

 

WHEREAS, the execution
and delivery of this Agreement is required by PrivateCo as a condition to its execution of the Merger Agreement, and the consummation
of the assignment, assumption, purchase and sale transactions contemplated by this Agreement is also a condition to the completion
of the Merger pursuant to the Merger Agreement, and Seller has represented to PrivateCo in the Merger Agreement that the transactions
contemplated by this Agreement will be consummated contemporaneously with the closing of the Merger, and PrivateCo relied on such
representation in entering into the Merger Agreement;

 

WHEREAS, the Buyers
desire to purchase the Shares (as defined in Section 2.1) from Seller, and to assume, as between Seller and each Buyer, all responsibility
for any debts, obligations and liabilities of Seller (prior to the Merger) and Split-Off Subsidiary, on the terms and subject to
the conditions specified in this Agreement; and

 

WHEREAS, Seller desires
to sell and transfer the Shares to the Buyers, on the terms and subject to the conditions specified in this Agreement;

 

NOW, THEREFORE, in
consideration of the premises and the covenants, promises and agreements herein set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending legally to be bound, agree as follows:

 

    	 

    	 

    

 

I.           ASSIGNMENT
AND ASSUMPTION OF SELLER’S ASSETS AND LIABILITIES. 

 

Subject to the terms and conditions provided
below:

 

1.1           Assignment
of Assets. Seller hereby contributes, assigns, conveys and transfers to Split-Off Subsidiary, and Split-Off Subsidiary
hereby receives, acquires and accepts, all assets and properties of Seller as of the Closing Date (as defined below) immediately
prior to giving effect to the Effective Time, including but not limited to the following, but excluding in all cases (i) the
right, title and assets of Seller in, to and under the Transaction Documents, and (ii) the capital stock of PrivateCo and Split-Off
Subsidiary:

 

(a)          all
cash and cash equivalents (having an approximate value of $483.00);

 

(b)          all
accounts receivable (having an approximate value of $0);

 

(c)          all
inventories of raw materials, work in process, parts, supplies and finished products;

 

(d)          all
right, title and interest, of record, beneficial or otherwise, in and to and stock, membership interests, partnership interests
or other equity or ownership interests in any corporation, limited liability company, partnership or other entity, and all bonds,
debentures, notes or other securities;

 

(e)          all
of Seller’s rights, title and interests in, to and under all contracts, agreements, leases, licenses (including software
licenses), supply agreements, consulting agreements, commitments, purchase orders, customer orders and work orders, and including
all of Seller’s rights thereunder to use and possess equipment provided by third parties, and all representations, warranties,
covenants and guarantees related to the foregoing (provided that, to the extent any of the foregoing or any claim or right or benefit
arising thereunder or resulting therefrom is not assignable by its terms or the assignment thereof shall require the consent or
approval of another party thereto, this Agreement shall not constitute an assignment thereof if an attempted assignment would be
in violation of the terms thereof or if such consent is not obtained prior to the Effective Time, and in lieu thereof Seller shall
reasonably cooperate with Split-Off Subsidiary in any reasonable arrangement designed to provide Split-Off Subsidiary the benefits
thereunder or any claim or right arising thereunder);

 

(f)          all
intellectual property, including but not limited to issued patents, patent applications (whether or not patents are issued thereon
and whether modified, withdrawn or resubmitted), unpatented inventions, product designs, copyrights (whether registered or unregistered),
know-how, technology, trade secrets, technical information, notebooks, drawings, software, computer coding (both object and source)
and all documentation, manuals and drawings related thereto, trademarks or service marks and applications therefor, unregistered
trademarks or service marks, trade names, logos and icons and all rights to sue or recover for the infringement or misappropriation
thereof;

 

(g)          all
fixed assets, including but not limited to the machinery, equipment, furniture, vehicles, office equipment and other tangible personal
property owned or leased by Seller;

 

(h)          all
customer lists, business records, customer records and files, customer financial records, and all other files and information related
to customers, all customer proposals, all open service agreements with customers and all uncompleted customer contracts and agreements;
and

 

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(i)          to
the extent legally assignable, all licenses, permits, certificates, approvals and authorizations issued by Governmental Entities
and necessary to own, lease or operate the assets and properties of Seller and to conduct Seller’s business as it is presently
conducted;

 

all of the foregoing being referred to
herein as the “Assigned Assets.”

 

1.2           Assignment
and Assumption of Liabilities. Seller hereby assigns to Split-Off Subsidiary, and Split-Off Subsidiary hereby assumes and
agrees to pay, honor and discharge all debts, adverse claims, liabilities, judgments and obligations, including tax obligations,
of Seller as of the Closing Date immediately prior to the Effective Time, whether accrued, contingent or otherwise and whether
known or unknown, including those arising under any law (including the common law) or any rule or regulation of any Governmental
Entity or imposed by any court or any arbitrator in a binding arbitration resulting from, arising out of or relating to the assets,
activities, operations, actions or omissions of Seller, or products manufactured or sold thereby or services provided thereby,
or under contracts, agreements (whether written or oral), leases, commitments or undertakings thereof, but excluding
in all cases the obligations of Seller under the Transaction Documents (all of the foregoing being referred to herein as the
“Assigned Liabilities”).

 

The assignment and
assumption of Seller’s assets and liabilities provided for in this Article I is referred to as the “Assignment.”

 

II.          PURCHASE
AND SALE OF STOCK.

 

2.1           Purchased
Shares. Subject to the terms and conditions provided below, Seller shall sell and transfer to the Buyers and the Buyers
shall purchase from Seller, on the Closing Date (as defined in Section 3.1), all of the issued and outstanding shares of capital
stock of Split-Off Subsidiary (the “Shares”), as set forth in Exhibit A attached hereto.

 

2.2           Purchase
Price. The purchase price (the “Purchase Price”) for the Shares shall consist of the transfer and delivery
by the Buyers to Seller of the type and number of shares of common stock and other securities of Seller that each Buyer owns (the
“Purchase Price Securities”), as set forth in Exhibit A attached hereto, deliverable as provided in Section
3.3.

 

III.         CLOSING.

 

3.1           Closing.
The closing of the transactions contemplated in this Agreement (the “Closing”) shall take place simultaneously
with the closing of the Merger immediately prior to the Effective Time. The date on which the Closing occurs shall be referred
to herein as the “Closing Date.”

 

3.2           Transfer
of Shares. At the Closing, Seller shall deliver to each Buyer certificates representing the Shares purchased by each Buyer,
duly endorsed to the Buyers or as directed by the Buyers, which delivery shall vest Buyers with good and marketable title to such
Shares, free and clear of all liens and encumbrances.

 

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3.3           Payment
of Purchase Price. At the Closing, Buyers shall deliver to Seller a certificate or certificates representing the Buyers’
Purchase Price Securities duly endorsed to Seller, which delivery shall vest Seller with good and marketable title to the Purchase
Price Securities, free and clear of all liens and encumbrances.

 

3.4           Transfer
of Records. On or before the Closing, Seller shall transfer to Split-Off Subsidiary all existing corporate books and records
in Seller’s possession relating to Split-Off Subsidiary and its business, including but not limited to all agreements, litigation
files, real estate files, personnel files and filings with governmental agencies; provided, however, when any such documents
relate to both Seller and Split-Off Subsidiary, only copies of such documents need be furnished. On or before the Closing, the
Buyers and Split-Off Subsidiary shall transfer to Seller all existing corporate books and records in the possession of each Buyer
or Split-Off Subsidiary relating to Seller, including but not limited to all corporate minute books, stock ledgers, certificates
and corporate seals of Seller and all agreements, litigation files, real property files, personnel files and filings with governmental
agencies; provided, however, when any such documents relate to both Seller and Split-Off Subsidiary or its business, only
copies of such documents need be furnished.

 

3.5           Instruments
of Assignment. At the Closing, Seller and Split-Off Subsidiary shall deliver to each other such instruments providing for
the Assignment as the other may reasonably request (the “Instruments of Assignment”).

 

IV.         BUYERS’
REPRESENTATIONS AND WARRANTIES. Each Buyer represents and warrants to Seller and Split-Off Subsidiary that:

 

4.1           Capacity
and Enforceability. Each Buyer has the legal capacity to execute and deliver this Agreement and the documents to be executed
and delivered by the Buyers at the Closing pursuant to the transactions contemplated hereby. This Agreement and all such documents
constitute valid and binding agreements of the Buyers, enforceable in accordance with their terms.

 

4.2           Compliance.
Neither the execution and delivery of this Agreement nor the consummation of the transactions contemplated hereby by the Buyers
will result in the breach of any term or provision of, or constitute a default under, or violate any agreement, indenture, instrument,
order, law or regulation to which each Buyer is a party or by which each Buyer is bound.

 

    	4

    	 

    

 

4.3           Purchase
for Investment. Each Buyer is financially able to bear the economic risks of acquiring the Shares and the other transactions
contemplated hereby and has no need for liquidity in his or her investment in the Shares. Each Buyer has such knowledge and experience
in financial and business matters in general, and with respect to businesses of a nature similar to the business of Split-Off Subsidiary
(after giving effect to the Assignment), so as to be capable of evaluating the merits and risks of, and making an informed business
decision with regard to, the acquisition of the Shares and the other transactions contemplated hereby. Each Buyer is acquiring
the Shares solely for his own account and not with a view to or for resale in connection with any distribution or public offering
thereof, within the meaning of any applicable securities laws and regulations, unless such distribution or offering is registered
under the Securities Act of 1933, as amended (the “Securities Act”), or an exemption from such registration is available.
Each Buyer has (i) received all the information he has deemed necessary to make an informed decision with respect to the acquisition
of the Shares and the other transactions contemplated hereby; (ii) had an opportunity to make such investigation as he has desired
pertaining to Split-Off Subsidiary (after giving effect to the Assignment) and the acquisition of an interest therein and the other
transactions contemplated hereby, and to verify the information which is, and has been, made available to him or her; and (iii)
had the opportunity to ask questions of Seller concerning Split-Off Subsidiary (after giving effect to the Assignment). Each Buyer
acknowledges that he is a current or former director and/or officer of Seller, and a current director and/or officer of Split-Off
Subsidiary and, as such, has actual knowledge of the business, operations and financial affairs of Split-Off Subsidiary (after
giving effect to the Assignment). each Buyer has received no public solicitation or advertisement with respect to the offer or
sale of the Shares. Buyers realize that the Shares are “restricted securities” as that term is defined in Rule 144
promulgated by the Securities and Exchange Commission under the Securities Act, the resale of the Shares is restricted by federal
and state securities laws and, accordingly, the Shares must be held indefinitely unless their resale is subsequently registered
under the Securities Act or an exemption from such registration is available for their resale. Each Buyer understands that any
resale of the Shares by him must be registered under the Securities Act (and any applicable state securities law) or be effected
in circumstances that, in the opinion of counsel for Split-Off Subsidiary at the time, create an exemption or otherwise do not
require registration under the Securities Act (or applicable state securities laws). Each Buyer acknowledges and consents that
certificates now or hereafter issued for the Shares will bear a legend substantially as follows:

 

THE SECURITIES EVIDENCED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR QUALIFIED
UNDER ANY APPLICABLE STATE SECURITIES LAWS (THE “STATE ACTS”), HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE SOLD,
PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND QUALIFICATION
UNDER THE STATE ACTS OR PURSUANT TO EXEMPTIONS FROM SUCH REGISTRATION OR QUALIFICATION REQUIREMENTS (INCLUDING, IN THE CASE OF
THE SECURITIES ACT, THE EXEMPTIONS AFFORDED BY SECTION 4(1) OF THE SECURITIES ACT AND RULE 144 THEREUNDER). AS A PRECONDITION TO
ANY SUCH TRANSFER, THE ISSUER OF THESE SECURITIES SHALL BE FURNISHED WITH AN OPINION OF COUNSEL OPINING AS TO THE AVAILABILITY
OF EXEMPTIONS FROM SUCH REGISTRATION AND QUALIFICATION AND/OR SUCH OTHER EVIDENCE AS MAY BE SATISFACTORY THERETO THAT ANY SUCH
TRANSFER WILL NOT VIOLATE THE SECURITIES LAWS.

 

    	5

    	 

    

 

Each Buyer understands
that the Shares are being sold to him pursuant to the exemption from registration contained in Section 4(1) of the Securities Act
and that Seller is relying upon the representations made herein as one of the bases for claiming the Section 4(1) exemption.

 

4.4           Liabilities.
Following the Closing, Seller will have no liability for any debts, liabilities or obligations of Split-Off Subsidiary or its business
or activities, or the business or activities of Seller prior to the Closing that are unrelated to the business of PrivateCo, and
there are no outstanding guaranties, performance or payment bonds, letters of credit or other contingent contractual obligations
that have been undertaken by Seller directly or indirectly in relation to Split-Off Subsidiary or its business, or the business
of Seller prior to the Closing that are unrelated to the business of PrivateCo, and that may survive the Closing.

 

4.5           Title
to Purchase Price Securities. The Buyers are the record and beneficial owners of the Purchase Price Securities. At Closing,
the Buyers will have good and marketable title to the Purchase Price Securities, which Purchase Price Securities are, and at the
Closing will be, free and clear of all options, warrants, pledges, claims, liens and encumbrances, and any restrictions or limitations
prohibiting or restricting transfer to Seller, except for restrictions on transfer as contemplated by applicable securities laws.

 

V.          SELLER’S AND SPLIT-OFF
SUBSIDIARY’S REPRESENTATIONS AND WARRANTIES. Seller and Split-Off Subsidiary, as applicable, represent and warrant
to Buyers that:

 

5.1           Organization
and Good Standing. Each of Seller and Split-Off Subsidiary is a corporation duly incorporated, validly existing, and in
good standing under the laws of the State of Nevada.

 

5.2           Authority
and Enforceability. The execution and delivery of this Agreement and the documents to be executed and delivered at the
Closing pursuant to the transactions contemplated hereby, and performance in accordance with the terms hereof and thereof, have
been duly authorized by Seller and Split-Off Subsidiary and all such documents constitute valid and binding agreements of Seller
and Split-Off Subsidiary enforceable in accordance with their terms.

 

5.3           Title
to Shares. Seller is the sole record and beneficial owner of the Shares. At Closing, Seller will have good and marketable
title to the Shares, which Shares are, and at the Closing will be, free and clear of all options, warrants, pledges, claims, liens
and encumbrances, and any restrictions or limitations prohibiting or restricting transfer to the Buyers, except for restrictions
on transfer as contemplated by Section 4.3 above. The Shares constitute all of the issued and outstanding shares of capital stock
of Split-Off Subsidiary.

 

5.4           WARN
Act. Split-Off Subsidiary does not have a sufficient number of employees to make it subject to the Worker Adjustment and
Retraining Notification Act.

 

5.5           Representations
in Merger Agreement. Split-Off Subsidiary represents and warrants that all of the representations and warranties by Seller,
insofar as they relate to Split-Off Subsidiary, contained in the Merger Agreement are true and correct.

 

    	6

    	 

    

 

VI.         OBLIGATIONS
OF BUYERS PENDING CLOSING. Buyers covenant and agree that between the date hereof and the Closing:

 

6.1           Not
Impair Performance. Buyers shall not take any intentional action that would cause the conditions upon the obligations of
the parties hereto to effect the transactions contemplated hereby not to be fulfilled, including, without limitation, taking or
causing to be taken any action that would cause the representations and warranties made by any party herein not to be true, correct
and accurate as of the Closing, or in any way impairing the ability of Seller to satisfy its obligations as provided in Article
VII.

 

6.2           Assist
Performance. Buyers shall exercise reasonable best efforts to cause to be fulfilled those conditions precedent to Seller’s
obligations to consummate the transactions contemplated hereby which are dependent upon actions of the Buyers and to make and/or
obtain any necessary filings and consents in order to consummate the transactions contemplated by this Agreement.

 

VII.       OBLIGATIONS
OF SELLER AND SPLIT-OFF SUBSIDIARY PENDING CLOSING. Seller and Split-Off Subsidiary covenant and agree that between the
date hereof and the Closing:

 

7.1           Business
as Usual. Split-Off Subsidiary shall operate and Seller shall cause Split-Off Subsidiary to operate in accordance with
past practices and shall use best efforts to preserve its goodwill and the goodwill of its employees, customers and others having
business dealings with Split-Off Subsidiary. Without limiting the generality of the foregoing, from the date of this Agreement
until the Closing Date, Split-Off Subsidiary shall (a) make all normal and customary repairs to its equipment, assets and facilities,
(b) keep in force all insurance, (c) preserve in full force and effect all material franchises, licenses, contracts and real property
interests and comply in all material respects with all laws and regulations, (d) collect all accounts receivable and pay all trade
creditors in the ordinary course of business at intervals historically experienced, and (e) preserve and maintain Split-Off Subsidiary’s
assets in their current operating condition and repair, ordinary wear and tear excepted. From the date of this Agreement until
the Closing Date, Split-Off Subsidiary shall not (i) amend, terminate or surrender any material franchise, license, contract or
real property interest, or (ii) sell or dispose of any of its assets except in the ordinary course of business. Neither Split-Off
Subsidiary nor Seller shall take or omit to take any action that results in Buyers incurring any liability or obligation prior
to or in connection with the Closing.

 

7.2           Not
Impair Performance. Seller shall not take any intentional action that would cause the conditions upon the obligations of
the parties hereto to effect the transactions contemplated hereby not to be fulfilled, including, without limitation, taking or
causing to be taken any action which would cause the representations and warranties made by any party herein not to be materially
true, correct and accurate as of the Closing, or in any way impairing the ability of the Buyers to satisfy his obligations as provided
in Article VI.

 

7.3           Assist
Performance. Seller shall exercise its reasonable best efforts to cause to be fulfilled those conditions precedent to Buyers’
obligations to consummate the transactions contemplated hereby which are dependent upon the actions of Seller and to work with
the Buyers to make and/or obtain any necessary filings and consents. Seller shall cause Split-Off Subsidiary to comply with its
obligations under this Agreement.

 

    	7

    	 

    

 

VIII.      SELLER’S
AND SPLIT-OFF SUBSIDIARY’S CONDITIONS PRECEDENT TO CLOSING. The obligations of Seller and Split-Off Subsidiary to
close the transactions contemplated by this Agreement are subject to the satisfaction at or prior to the Closing of each of the
following conditions precedent (any or all of which may be waived by Seller and PrivateCo in writing):

 

8.1           Representations
and Warranties; Performance. All representations and warranties of each Buyer contained in this Agreement shall have been
true and correct, in all material respects, when made and shall be true and correct, in all material respects, at and as of the
Closing, with the same effect as though such representations and warranties were made at and as of the Closing. Buyers shall have
performed and complied with all covenants and agreements and satisfied all conditions, in all material respects, required by this
Agreement to be performed or complied with or satisfied by the Buyers at or prior to the Closing.

 

8.2           Additional
Documents. Buyers shall deliver or cause to be delivered such additional documents as may be necessary in connection with
the consummation of the transactions contemplated by this Agreement and the performance of their obligations hereunder.

 

8.3           Release
by Split-Off Subsidiary. At the Closing, Split-Off Subsidiary shall execute and deliver to Seller a general release which
in substance and effect releases Seller and PrivateCo from any and all liabilities and obligations that Seller and PrivateCo may
owe to Split-Off Subsidiary in any capacity, and from any and all claims that Split-Off Subsidiary may have against Seller, PrivateCo
or their respective managers, members, officers, directors, stockholders, employees and agents (other than those arising pursuant
to this Agreement or any document delivered in connection with this Agreement).

 

8.4           Completion
of Merger. The closing of the Merger pursuant to the Merger Agreement, and all of the transactions contemplated thereby,
shall occur simultaneously.

 

IX.        BUYERS’
CONDITIONS PRECEDENT TO CLOSING. The obligation of Buyers to close the transactions contemplated by this Agreement is subject
to the satisfaction at or prior to the Closing of each of the following conditions precedent (any and all of which may be waived
by the Buyers in writing):

 

9.1           Representations
and Warranties; Performance. All representations and warranties of Seller and Split-Off Subsidiary contained in this Agreement
shall have been true and correct, in all material respects, when made and shall be true and correct, in all material respects,
at and as of the Closing with the same effect as though such representations and warranties were made at and as of the Closing.
Seller and Split-Off Subsidiary shall have performed and complied with all covenants and agreements and satisfied all conditions,
in all material respects, required by this Agreement to be performed or complied with or satisfied by them at or prior to the Closing.

 

    	8

    	 

    

 

X.         OTHER
AGREEMENTS.

 

10.1         Expenses.
Each party hereto shall bear its expenses separately incurred in connection with this Agreement and with the performance of its
obligations hereunder.

 

10.2         Confidentiality.
Buyers shall not make any public announcements concerning this transaction without the prior written agreement of PrivateCo, other
than as may be required by applicable law or judicial process. If for any reason the transactions contemplated hereby are not consummated,
then the Buyers shall return any information received by the Buyers from Seller or Split-Off Subsidiary, and the Buyers shall cause
all confidential information obtained by Buyers concerning Split-Off Subsidiary and its business to be treated as such.

 

10.3         Brokers’
Fees. In connection with the transaction specifically contemplated by this Agreement, no party to this Agreement has employed
the services of a broker and each agrees to indemnify the other against all claims of any third parties for fees and commissions
of any brokers claiming a fee or commission related to the transactions contemplated hereby.

 

10.4         Access
to Information Post-Closing; Cooperation.

 

(a)          Following
the Closing, Buyers and Split-Off Subsidiary shall afford to Seller and its authorized accountants, counsel and other designated
representatives, reasonable access (and including using reasonable efforts to give access to persons or firms possessing information)
and duplicating rights during normal business hours to allow records, books, contracts, instruments, computer data and other data
and information (collectively, “Information”) within the possession or control of Buyers or Split-Off Subsidiary
insofar as such access is reasonably required by Seller. Information may be requested under this Section 10.4(a) for, without limitation,
audit, accounting, claims, litigation and tax purposes, as well as for purposes of fulfilling disclosure and reporting obligations
and performing this Agreement and the transactions contemplated hereby. No files, books or records of Split-Off Subsidiary existing
at the Closing Date shall be destroyed by Buyers or Split-Off Subsidiary after Closing but prior to the expiration of any period
during which such files, books or records are required to be maintained and preserved by applicable law without giving Seller at
least 30 days’ prior written notice, during which time Seller shall have the right to examine and to remove any such files,
books and records prior to their destruction.

 

(b)          Following
the Closing, Seller shall afford to Split-Off Subsidiary and its authorized accountants, counsel and other designated representatives
reasonable access (including using reasonable efforts to give access to persons or firms possessing information) and duplicating
rights during normal business hours to Information within Seller’s possession or control relating to the business of Split-Off
Subsidiary insofar as such access is reasonably required by the Buyers. Information may be requested under this Section 10.4(b)
for, without limitation, audit, accounting, claims, litigation and tax purposes as well as for purposes of fulfilling disclosure
and reporting obligations and for performing this Agreement and the transactions contemplated hereby. No files, books or records
of Split-Off Subsidiary existing at the Closing Date shall be destroyed by Seller after Closing but prior to the expiration of
any period during which such files, books or records are required to be maintained and preserved by applicable law without giving
the Buyers at least 30 days’ prior written notice, during which time the Buyers shall have the right to examine and to remove
any such files, books and records prior to their destruction.

 

    	9

    	 

    

 

(c)          At
all times following the Closing, Seller, Buyers and Split-Off Subsidiary shall use their reasonable efforts to make available to
the other on written request, the current and former officers, directors, employees and agents of Seller or Split-Off Subsidiary
for any of the purposes set forth in Section 10.4(a) or (b) above or as witnesses to the extent that such persons may reasonably
be required in connection with any legal, administrative or other proceedings in which Seller or Split-Off Subsidiary may from
time to be involved.

 

(d)          The
party to whom any Information or witnesses are provided under this Section 10.4 shall reimburse the provider thereof for all out-of-pocket
expenses actually and reasonably incurred in providing such Information or witnesses.

 

(e)          Seller,
Buyers, Split-Off Subsidiary and their respective employees and agents shall each hold in strict confidence all Information concerning
the other party in their possession or furnished by the other or the other’s representative pursuant to this Agreement with
the same degree of care as such party utilizes as to such party’s own confidential information (except to the extent that
such Information is (i) in the public domain through no fault of such party or (ii) later lawfully acquired from any other source
by such party), and each party shall not release or disclose such Information to any other person, except such party’s auditors,
attorneys, financial advisors, bankers, other consultants and advisors or persons to whom such party has a valid obligation to
disclose such Information, unless compelled to disclose such Information by judicial or administrative process or, as advised by
its counsel, by other requirements of law.

 

(f)          Seller,
Buyers and Split-Off Subsidiary shall each use their best efforts to forward promptly to the other party all notices, claims, correspondence
and other materials which are received and determined to pertain to the other party.

 

10.5         Guarantees,
Surety Bonds and Letter of Credit Obligations. In the event that Seller is obligated for any debts, obligations or liabilities
of Split-Off Subsidiary by virtue of any outstanding guarantee, performance or surety bond or letter of credit provided or arranged
by Seller on or prior to the Closing Date, Buyers and Split-Off Subsidiary shall use their best efforts to cause to be issued replacements
of such bonds, letters of credit and guarantees and to obtain any amendments, novations, releases and approvals necessary to release
and discharge fully Seller from any liability thereunder following the Closing. Buyers and Split-Off Subsidiary, jointly and severally,
shall be responsible for, and shall indemnify, hold harmless and defend Seller from and against, any costs or losses incurred by
Seller arising from such bonds, letters of credit and guarantees and any liabilities arising therefrom and shall reimburse Seller
for any payments that Seller may be required to pay pursuant to enforcement of its obligations relating to such bonds, letters
of credit and guarantees.

 

10.6         Filings
and Consents. Buyers, at their risk, shall determine what, if any, filings and consents must be made and/or obtained prior
to Closing to consummate the purchase and sale of the Shares. The Buyers shall indemnify the Seller Indemnified Parties (as defined
in Section 12.1 below) against any Losses (as defined in Section 12.1 below) incurred by such Seller Indemnified Parties by virtue
of the failure to make and/or obtain any such filings or consents. Recognizing that the failure to make and/or obtain any filings
or consents may cause Seller to incur Losses or otherwise adversely affect Seller, Buyers and Split-Off Subsidiary confirm that
the provisions of this Section 10.6 will not limit Seller’s right to treat such failure as the failure of a condition precedent
to Seller’s obligation to close pursuant to Article VIII above.

 

    	10

    	 

    

 

10.7         Insurance.
The Buyers acknowledge that on the Closing Date, effective as of the Closing, any insurance coverage and bonds provided by Seller
for the Buyers or for Split-Off Subsidiary, and all certificates of insurance evidencing that Buyers or Split-Off Subsidiary maintain
any required insurance by virtue of insurance provided by Seller, will terminate with respect to any insured damages resulting
from matters occurring subsequent to Closing.

 

10.8         Agreements
Regarding Taxes.

 

(a)          Tax
Sharing Agreements. Any tax sharing agreement between Seller and Split-Off Subsidiary is terminated as of the Closing Date
and will have no further effect for any taxable year (whether the current year, a future year or a past year).

 

(b)          Returns
for Periods Through the Closing Date. Seller will include the income and loss of Split-Off Subsidiary (including any deferred
income triggered into income by Reg. §1.1502-13 and any excess loss accounts taken into income under Reg. §1.1502-19)
on Seller’s consolidated federal income tax returns for all periods through the Closing Date and pay any federal income taxes
attributable to such income. Seller and Split-Off Subsidiary agree to allocate income, gain, loss, deductions and credits between
the period up to Closing (the “Pre-Closing Period”) and the period after Closing (the “Post-Closing
Period”) based on a closing of the books of Split-Off Subsidiary, and both Seller and Split-Off Subsidiary agree not
to make an election under Reg. §1.1502-76(b)(2)(ii) to ratably allocate the year’s items of income, gain, loss, deduction
and credit. Seller, Split-Off Subsidiary and Buyers agree to report all transactions not in the ordinary course of business occurring
on the Closing Date after Buyers’ purchase of the Shares on Split-Off Subsidiary’s tax returns to the extent permitted
by Reg. §1.1502-76(b)(1)(ii)(B). The Buyers agree to indemnify Seller for any additional tax owed by Seller (including tax
owed by Seller due to this indemnification payment) resulting from any transaction engaged in by Split-Off Subsidiary or Seller
(not related to the Merger) during the Pre-Closing Period or on the Closing Date before each Buyers’ purchase of the Shares.
Split-Off Subsidiary will furnish tax information to Seller for inclusion in Seller’s consolidated federal income tax return
for the period which includes the Closing Date in accordance with Split-Off Subsidiary’s past custom and practice.

 

(c)          Audits.
Seller will allow Split-Off Subsidiary and its counsel to participate at Split-Off Subsidiary’s expense in any audit of Seller’s
consolidated federal income tax returns to the extent that such audit raises issues that relate to and increase the tax liability
of Split-Off Subsidiary. Seller shall have the absolute right, in its sole discretion, to engage professionals and direct the representation
of Seller in connection with any such audit and the resolution thereof, without receiving the consent of Buyers or Split-Off Subsidiary
or any other party acting on behalf of Buyers or Split-Off Subsidiary, provided that Seller will not settle any such audit in a
manner which would materially adversely affect Split-Off Subsidiary after the Closing Date unless such settlement would be reasonable
in the case of a person that owned Split-Off Subsidiary both before and after the Closing Date. In the event that after Closing
any tax authority informs Buyers or Split-Off Subsidiary of any notice of proposed audit, claim, assessment or other dispute concerning
an amount of taxes which pertain to Seller, or to Split-Off Subsidiary during the period prior to Closing, Buyers or Split-Off
Subsidiary must promptly notify Seller of the same within 15 calendar days of the date of the notice from the tax authority. In
the event Buyers or Split-Off Subsidiary do not notify Seller within such 15 day period, Buyers and Split-Off Subsidiary, jointly
and severally, will indemnify Seller for any incremental interest, penalty or other assessments resulting from the delay in giving
notice. To the extent of any conflict or inconsistency, the provisions of this Section 10.8 shall control over the provisions of
Section 12.2 below.

 

    	11

    	 

    

 

(d)          Cooperation
on Tax Matters. Buyers, Seller and Split-Off Subsidiary shall cooperate fully, as and to the extent reasonably requested by
any party, in connection with the filing of tax returns pursuant to this Section and any audit, litigation or other proceeding
with respect to taxes. Such cooperation shall include the retention and (upon the other party’s request) the provision of
records and information which are reasonably relevant to any such audit, litigation or other proceeding and making employees available
on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. Split-Off
Subsidiary shall (i) retain all books and records with respect to tax matters pertinent to Split-Off Subsidiary and Seller relating
to any taxable period beginning before the Closing Date until the expiration of the statute of limitations (and, to the extent
notified by Seller, any extensions thereof) of the respective taxable periods, and abide by all record retention agreements entered
into with any taxing authority, and (ii) give Seller reasonable written notice prior to transferring, destroying or discarding
any such books and records and, if Seller so requests, Buyers agree to cause Split-Off Subsidiary to allow Seller to take possession
of such books and records.

 

10.9         ERISA.
Effective as of the Closing Date, Split-Off Subsidiary shall terminate its participation in, and withdraw from, any employee benefit
plans sponsored by Seller, and Seller and Buyers shall cooperate fully in such termination and withdrawal. Without limitation,
Split-Off Subsidiary shall be solely responsible for (i) all liabilities under those employee benefit plans notwithstanding any
status as an employee benefit plan sponsored by Seller, and (ii) all liabilities for the payment of vacation pay, severance benefits,
and similar obligations, including, without limitation, amounts which are accrued but unpaid as of the Closing Date with respect
thereto. Buyers and Split-Off Subsidiary acknowledge and agree that Split-Off Subsidiary is solely responsible for providing continuation
health coverage, as required under the Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”),
to each person, if any, participating in an employee benefit plan subject to COBRA with respect to such employee benefit plan as
of the Closing Date, including, without limitation, any person whose employment with Split-Off Subsidiary is terminated after the
Closing Date.

 

XI.        TERMINATION.
This Agreement may be terminated at, or at any time prior to, the Closing by mutual written consent of Seller, Buyers and PrivateCo.

 

If this Agreement is
terminated as provided herein, it shall become wholly void and of no further force and effect and there shall be no further liability
or obligation on the part of any party except to pay such expenses as are required of such party.

 

    	12

    	 

    

 

XII.       INDEMNIFICATION.

 

12.1         Indemnification
by Buyers and Split-Off Subsidiary. Buyers and Split-Off Subsidiary, jointly and severally, covenant and agree to indemnify,
defend, protect and hold harmless Seller and PrivateCo, and their respective officers, directors, employees, stockholders, agents,
representatives and Affiliates (collectively, the “Seller Indemnified Parties”) at all times from and after
the date of this Agreement from and against all losses, liabilities, damages, claims, actions, suits, proceedings, demands, assessments,
adjustments, costs and expenses (including specifically, but without limitation, reasonable attorneys’ fees and expenses
of investigation), whether or not involving a third party claim and regardless of any negligence of any Seller Indemnified Party
(collectively, “Losses”), incurred by any Seller Indemnified Party as a result of or arising from (i) any breach
of the representations and warranties of such Buyers set forth herein or in certificates delivered in connection herewith, (ii)
any breach or nonfulfillment of any covenant or agreement (including any other agreement of Buyers to indemnify set forth in this
Agreement) on the part of Buyers under this Agreement, (iii) any Assigned Asset or Assigned Liability or any other debt, liability
or obligation of Split-Off Subsidiary, (iv) the conduct and operations, (A) prior to Closing, of the business of Seller unrelated
to the assets that are the subject of the Merger, (B) whether before or after Closing, of (X) the business of Seller pertaining
to the Assigned Assets and Assigned Liabilities or (Y) the business of Split-Off Subsidiary, (v) claims asserted (including claims
for payment of taxes), whether before or after Closing, (A) against Split-Off Subsidiary or (B) pertaining to the Assigned Assets
and Assigned Liabilities or to the business of Seller prior to the Closing, or (vi) any federal or state income tax payable by
Seller or PrivateCo and attributable to the transactions contemplated by this Agreement or to the business of Seller prior to the
Closing. For the purposes of this Agreement, an “Affiliate” is a person or entity that directly, or indirectly through
one or more intermediaries, controls or is controlled by, or is under common control with, another specified person or entity.

 

12.2         Third
Party Claims.

 

(a)          Defense.
If any claim or liability (a “Third-Party Claim”) should be asserted against any of the Seller Indemnified Parties
(the “Indemnitees”) by a third party after the Closing for which Buyers have an indemnification obligation under
the terms of Section 12.1, then the Indemnitee shall notify Buyers (collectively, the “Indemnitor”) within 20
days after the Third-Party Claim is asserted by a third party (said notification being referred to as a “Claim Notice”)
and give the Indemnitor a reasonable opportunity to take part in any examination of the books and records of the Indemnitee relating
to such Third-Party Claim and to assume the defense of such Third-Party Claim and, in connection therewith, to conduct any proceedings
or negotiations relating thereto and necessary or appropriate to defend the Indemnitee and/or settle the Third-Party Claim. The
expenses (including reasonable attorneys’ fees) of all negotiations, proceedings, contests, lawsuits or settlements with
respect to any Third-Party Claim shall be borne by the Indemnitor. If the Indemnitor agrees to assume the defense of any Third-Party
Claim in writing within 20 days after the Claim Notice of such Third-Party Claim has been delivered, through counsel reasonably
satisfactory to Indemnitee, then the Indemnitor shall be entitled to control the conduct of such defense, and any decision to settle
such Third-Party Claim, and shall be responsible for any expenses of the Indemnitee in connection with the defense of such Third-Party
Claim so long as the Indemnitor continues such defense until the final resolution of such Third-Party Claim. The Indemnitor shall
be responsible for paying all settlements made or judgments entered with respect to any Third-Party Claim the defense of which
has been assumed by the Indemnitor. Except as provided in subsection (b) below, both the Indemnitor and the Indemnitee must approve
any settlement of a Third-Party Claim. A failure by the Indemnitee to timely give the Claim Notice shall not excuse Indemnitor
from any indemnification liability except only to the extent that the Indemnitor is materially and adversely prejudiced by such
failure.

 

    	13

    	 

    

 

(b)          Failure
to Defend. If the Indemnitor shall not agree to assume the defense of any Third-Party Claim in writing within 20 days after
the Claim Notice of such Third-Party Claim has been delivered, or shall fail to continue such defense until the final resolution
of such Third-Party Claim, then the Indemnitee may defend against such Third-Party Claim in such manner as it may deem appropriate
and the Indemnitee may settle such Third-Party Claim, in its sole discretion, on such terms as it may deem appropriate; provided
however, that the Indemnitor shall (i) promptly reimburse the Indemnitee for the amount of all settlement payments and expenses,
legal and otherwise, incurred by the Indemnitee in connection with the defense or settlement of such Third-Party Claim, or (ii)
shall pay, in advance of any settlement or proceedings and in installments as reasonably agreed to by the parties, such sums and
expenses reasonably expected to be incurred in connection with the defense of the Third-Party Claim and any settlement thereof.
If no settlement of such Third-Party Claim is made, then the Indemnitor shall satisfy any judgment rendered with respect to such
Third-Party Claim before the Indemnitee is required to do so, and pay all expenses, legal or otherwise, incurred by the Indemnitee
in the defense against such Third-Party Claim.

 

12.3         Non-Third-Party
Claims. Upon discovery of any claim for which the Buyers have an indemnification obligation under the terms of Section
12.1 which does not involve a claim by a third party against the Indemnitee, the Indemnitee shall give prompt notice to Buyers
of such claim and, in any case, shall give Buyers such notice within 30 days of such discovery. A failure by Indemnitee to timely
give the foregoing notice to Buyers shall not excuse Buyers from any indemnification liability except to the extent that Buyers
is materially and adversely prejudiced by such failure.

 

12.4         Survival.
Except as otherwise provided in this Section 12.4, all representations and warranties made by Buyers, Split-Off Subsidiary and
Seller in connection with this Agreement shall survive the Closing. Anything in this Agreement to the contrary notwithstanding,
the liability of all Indemnitors under this Article XII shall terminate on the third (3rd) anniversary of the Closing Date, except
with respect to (a) liability for any item as to which, prior to the third (3rd) anniversary of the Closing Date, any Indemnitee
shall have asserted a Claim in writing, which Claim shall identify its basis with reasonable specificity, in which case the liability
for such Claim shall continue until it shall have been finally settled, decided or adjudicated, (b) liability of any party for
Losses for which such party has an indemnification obligation, incurred as a result of such party’s breach of any covenant
or agreement to be performed by such party after the Closing, (c) liability of Buyers for Losses incurred by a Seller Indemnified
Party due to breaches of its representations and warranties in Article IV of this Agreement, and (d) liability of Buyers for Losses
arising out of Third-Party Claims for which Buyers have an indemnification obligation, which liability shall survive until the
statute of limitation applicable to any third party’s right to assert a Third-Party Claim bars assertion of such claim.

 

    	14

    	 

    

 

XIII.      MISCELLANEOUS.

 

13.1         Definitions.
Capitalized terms used herein without definition have the meanings ascribed to them in the Merger Agreement.

 

13.2         Notices.
All notices and communications required or permitted hereunder shall be in writing and deemed given when received by means of the
United States mail, addressed to the party to be notified, postage prepaid and registered or certified with return receipt requested,
or personal delivery, or overnight courier, as follows:

 

		(a)	If to Seller, addressed to:

 

PN Med Group, Inc.

Pedro Perez Niklitschek

Isidro 250, depot 618,

Santiago, Chile 8240400

Telephone: 569-659-22350

Facsimile: 775-981-9001

 

With a copy to (which shall not
constitute notice hereunder):

 

Gottbetter & Partners, LLP

488 Madison Avenue, 12th Floor

New York, NY 10022

Attention: Adam S. Gottbetter,
Esq.

Telephone: 212-400-6900

Facsimile: 212-400-6901

 

		(b)	If to Buyers or Split-Off Subsidiary, addressed to:

 

Pedro Perez Niklitschek

Isidro 250, depot 618,

Santiago, Chile 8240400

Telephone: 569-659-22350

Facsimile: 775-981-9001

 

Miguel Molina Urra

Santo Domingo 1325, depot 306

Santiago, Chile 8240400

 

or to such other address as any party hereto
shall specify pursuant to this Section 13.2 from time to time.

 

13.3         Exercise
of Rights and Remedies. Except as otherwise provided herein, no delay of or omission in the exercise of any right, power
or remedy accruing to any party as a result of any breach or default by any other party under this Agreement shall impair any such
right, power or remedy, nor shall it be construed as a waiver of or acquiescence in any such breach or default, or of any similar
breach or default occurring later; nor shall any waiver of any single breach or default be deemed a waiver of any other breach
or default occurring before or after that waiver.

 

    	15

    	 

    

 

13.4         Time.
Time is of the essence with respect to this Agreement.

 

13.5         Reformation
and Severability. In case any provision of this Agreement shall be invalid, illegal or unenforceable, it shall, to the
extent possible, be modified in such manner as to be valid, legal and enforceable but so as to most nearly retain the intent of
the parties, and if such modification is not possible, such provision shall be severed from this Agreement, and in either case
the validity, legality and enforceability of the remaining provisions of this Agreement shall not in any way be affected or impaired
thereby.

 

13.6         Further
Acts and Assurances. From and after the Closing, Seller, Buyers and Split-Off Subsidiary agree that each will act in a
manner supporting compliance, including compliance by its Affiliates, with all of its obligations under this Agreement and, from
time to time, shall, at the request of another party hereto, and without further consideration, cause the execution and delivery
of such other instruments of conveyance, transfer, assignment or assumption and take such other action or execute such other documents
as such party may reasonably request in order more effectively to convey, transfer to and vest in Buyers, and to put Split-Off
Subsidiary in possession of, all Assigned Assets and Assigned Liabilities, and to convey, transfer to and vest in Seller and Buyers,
and to them in possession of, the Purchase Price Securities and the Shares (respectively), and, in the case of any contracts and
rights that cannot be effectively transferred without the consent or approval of another person that is unobtainable, to use its
best reasonable efforts to ensure that Split-Off Subsidiary receives the benefits thereof to the maximum extent permissible in
accordance with applicable law or other applicable restrictions, and shall perform such other acts which may be reasonably necessary
to effectuate the purposes of this Agreement.

 

13.7         Entire
Agreement; Amendments. This Agreement contains the entire understanding of the parties relating to the subject matter contained
herein. This Agreement cannot be amended or changed except through a written instrument signed by all of the parties hereto and
by PrivateCo. No provisions of this Agreement or any rights hereunder may be waived by any party without the prior written consent
of PrivateCo.

 

13.8         Assignment.
No party may assign his, her or its rights or obligations hereunder, in whole or in part, without the prior written consent of
the other parties.

 

13.9         Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving
effect to principles of conflicts or choice of laws thereof.

 

13.10       Counterparts.
This Agreement may be executed in one or more counterparts, with the same effect as if all parties had signed the same document.
Each such counterpart shall be an original, but all such counterparts taken together shall constitute a single agreement. In the
event that any signature is delivered by facsimile transmission, such signature shall create a valid and binding obligation of
the party executing (or on whose behalf such signature is executed) the same with the same force and effect as if such facsimile
signature page was an original thereof.

 

    	16

    	 

    

 

13.11       Section
Headings and Gender. The section headings used herein are inserted for reference purposes only and shall not in any way
affect the meaning or interpretation of this Agreement. All personal pronouns used in this Agreement shall include the other genders,
whether used in the masculine, feminine or neuter and the singular shall include the plural, and vice versa, whenever and as often
as may be appropriate.

 

13.12       Third-Party
Beneficiary. Each of Seller, Buyers and Split-Off Subsidiary acknowledges and agrees that this Agreement is entered into
for the express benefit of PrivateCo, and that PrivateCo is relying hereon and on the consummation of the transactions contemplated
by this Agreement in entering into and performing its obligations under the Merger Agreement, and that PrivateCo shall be in all
respects entitled to the benefit hereof and to enforce this Agreement as a result of any breach hereof.

 

13.13       Specific
Performance; Remedies. Each of the parties to this Agreement acknowledges and agrees that, if any provision of this Agreement
is not performed in accordance with its specific terms or is otherwise breached, irreparable damages would be incurred by the other
parties to this Agreement and by PrivateCo. Accordingly, the parties to this Agreement agree that any party or PrivateCo will be
entitled to seek an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce specifically
this Agreement and its terms and provisions in any action instituted in any court of the United States or any state thereof having
jurisdiction over the parties and the matter, subject to Section 13.9, in addition to any other remedy to which they may be entitled,
at law or in equity. Except as expressly provided herein, the rights, obligations and remedies created by this Agreement are cumulative
and are in addition to any other rights, obligations or remedies otherwise available at law or in equity, and nothing herein will
be considered an election of remedies.

 

13.14       Submission
to Jurisdiction; Process Agent; No Jury Trial.

 

(a)          Each
party to the Agreement hereby submits to the jurisdiction of any state or federal court sitting in the Borough of Manhattan, City
and State of New York, in any action arising out of or relating to this Agreement, and agrees that all claims in respect of the
action may be heard and determined in any such court. Each party to the Agreement also agrees not to bring any action arising out
of or relating to this Agreement in any other court. Each party to the Agreement agrees that a final judgment in any action so
brought will be conclusive and may be enforced by action on the judgment or in any other manner provided at law or in equity. Each
party to the Agreement waives any defense of inconvenient forum to the maintenance of any action so brought and waives any bond,
surety or other security that might be required of any other party with respect thereto.

 

    	17

    	 

    

 

(b)          EACH
PARTY TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RIGHTS TO JURY TRIAL OF ANY DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT
OR ANY OTHER AGREEMENTS RELATING TO THE SUBJECT MATTER OF THIS AGREEMENT OR ANY DEALINGS AMONG THEM RELATING TO THE TRANSACTIONS
CONTEMPLATED HEREBY. The scope of this waiver is intended to be all encompassing of any and all actions that may be filed in any
court and that relate to the subject matter of the transactions, including contract claims, tort claims, breach of duty claims
and all other common law and statutory claims. Each party to the Agreement hereby acknowledges that this waiver is a material inducement
to enter into a business relationship and that they will continue to rely on the waiver in their related future dealings. Each
party to the Agreement further represents and warrants that it has reviewed this waiver with its legal counsel, and that each knowingly
and voluntarily waives its jury trial rights following consultation with legal counsel. NOTWITHSTANDING ANYTHING TO THE CONTRARY
HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY
AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING HERETO. In
the event of commencement of any action, this Agreement may be filed as a written consent to trial by a court.

 

13.15       Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party because of the authorship of any provision of this Agreement. Any
reference to any federal, state, local or foreign law will be deemed also to refer to law as amended and all rules and regulations
promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,”
and “including” will be deemed to be followed by “without limitation.” The words “this
Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited.
The parties hereto intend that each representation, warranty and covenant contained herein will have independent significance.
If any party hereto has breached any representation, warranty or covenant contained herein in any respect, the fact that there
exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity)
which that party has not breached will not detract from or mitigate the fact that such party is in breach of the first representation,
warranty or covenant.

 

[Signature page follows this page.]

 

    	18

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have duly executed this Split-Off Agreement as of the date and year above written.

 

	 	SELLER:
	 	 
	 	PN MED GROUP INC.
	 	 	 
	 	By:	/s/ Pedro Perez Niklitschek
	 	Name:	PEDRO PEREZ NIKLITSCHEK
	 	Title:	President
	 	 	 
	 	SPLIT OFF SUBSIDIARY
	 	 	 
	 	By:	/s/ Pedro Perez Niklitschek
	 	Name:	PEDRO PEREZ NIKLITSCHEK
	 	Title:	President
	 	 	 
	 	BUYERS:
	 	 
	 	/s/ Pedro Perez Niklitschek 
	 	PEDRO PEREZ NIKLITSCHEK
	 	 
	 	/s/ Miguel Molina Urra
	 	MIGUEL MOLINA URRA

 

    	19

    	 

    

 

EXHIBIT A

 

	Buyers	 	Purchase Price
 Security	 	 	Number of Shares	 	 	Certificate No(s).	 
	PEDRO PEREZ NIKLITSCHEK	 	$	0.01	 	 	 	99	 	 	 	002	 
	MIGUEL MOLINA URRA	 	$	0.01	 	 	 	1	 	 	 	003	 

 

		*	Subject to adjustment for any stock splits or combinations effected after the date of this Agreement.

 

    	20

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