Document:

Exchange
Agreement

 

by
and among

 

Liberated
Solutions, Inc.;

 

Clifford
Rhee;

 

Edward
Carter; 

 

Peter
Zimeri; and

 

Brian
Conway

 

Dated
as of August 21, 2019

 

    	 

    	 

    

 

TABLE
OF CONTENTS

 

	 	 	PAGE
	 	 	 
	Article
    I.	DEFINITIONS	1
	Section
    1.01	Definitions.	1
	Section
    1.02	Interpretive
    Provisions.	7
	Article
    II.	THE
    TRANSACTIONS	8
	Section
    2.01	The
    Transactions.	8
	Section
    2.02	Mr.
    Conway Redemption.	8
	Section
    2.03	Share
    Exchange.	8
	Section
    2.04	Contribution.	9
	Section
    2.05	Closing	9
	Section
    2.06	Deliverables
    at the Closing.	9
	Section
    2.07	Additional
    Documents.	10
	Section
    2.08	Conveyance
    Taxes.	10
	Article
    III.	REPRESENTATIONS
    AND WARRANTIES OF THE SHAREHOLDERS	10
	Section
    3.01	Existence
    and Power.	11
	Section
    3.02	Due
    Authorization.	11
	Section
    3.03	Valid
    Obligation	11
	Section
    3.04	Governmental
    Authorization.	11
	Section
    3.05	Title
    to and Issuance of the Ngen Common Stock.	11
	Section
    3.06	Investment
    Representations	12
	Article
    IV.	REPRESENTATIONS
    AND WARRANTIES OF MR. CONWAY	13
	Section
    4.01	Existence
    and Power.	13
	Section
    4.02	Due
    Authorization.	14
	Section
    4.03	Valid
    Obligation	14
	Section
    4.04	Governmental
    Authorization.	14
	Section
    4.05	Title
    to and Issuance of the Series X Stock.	14
	Article
    V.	REPRESENTATIONS
    AND WARRANTIES OF LIBERATED	14
	Section
    5.01	Organization.	14
	Section
    5.02	Capitalization	15
	Section
    5.03	Options
    or Warrants	15
	Section
    5.04	SEC
    Reporting and Compliance	15
	Section
    5.05	Liabilities	16
	Section
    5.06	Subsidiaries
    and Predecessor Corporations	16
	Section
    5.07	Information	17
	Section
    5.08	No
    Conflict With Other Instruments	17
	Section
    5.09	Compliance
    With Laws and Regulations	17
	Section
    5.10	Approval
    of Agreement	17
	Section
    5.11	Valid
    Obligation.	17
	Section
    5.12	Validity
    of Shares.	17
	Section
    5.13	Absence
    of Certain Changes or Events.	18
	Section
    5.14	Governmental
    Consents.	18
	Section
    5.15	Compliance
    with Laws and Other Instruments.	18
	Section
    5.16	No
    General Solicitation.	19
	Section
    5.17	Binding
    Obligations.	19

 

    	i

    	 

    

 

	Section
    5.18	Absence
    of Changes.	19
	Section
    5.19	Tax
    Returns and Audits.	19
	Section
    5.20	Employee
    Benefit Plans; ERISA.	20
	Section
    5.21	Litigation.	20
	Section
    5.22	Licenses.	20
	Section
    5.23	Interested
    Party Transactions.	20
	Section
    5.24	Obligations
    to or by Stockholders.	20
	Section
    5.25	Assets
    and Contracts.	21
	Section
    5.26	Employees.	21
	Section
    5.27	Duty
    to Make Inquiry.	21
	Section
    5.28	Internal
    Accounting Controls.	21
	Section
    5.29	Certain
    Registration Matters.	21
	Section
    5.30	Disclosure.	21
	Article
    VI.	COVENANTS
    AND ADDITIONAL AGREEMENTS	22
	Section
    6.01	Access
    to Properties and Records	21
	Section
    6.02	Third
    Party Consents and Certificates	21
	Section
    6.03	Liberated
    Affirmative Covenants.	21
	Section
    6.04	Liberated
    Negative Covenants.	23
	Section
    6.05	Liberated
    No-Shop.	24
	Article
    VII.	CONDITIONS
    PRECEDENT TO OBLIGATIONS OF LIBERATED	25
	Section
    7.01	Conditions.	25
	Section
    7.02	Representations;
    Warranties and Covenants.	26
	Section
    7.03	No
    Governmental Prohibition.	26
	Section
    7.04	Deliverables	26
	Section
    7.05	Audited
    Financials.	26
	Article
    VIII.	CONDITIONS
    PRECEDENT TO OBLIGATIONS OF THE SHAREHOLDERS	27
	Section
    8.01	Conditions.	27
	Section
    8.02	Representations;
    Warranties and Covenants.	27
	Section
    8.03	No
    Governmental Prohibition.	27
	Section
    8.04	Deliverables	27
	Section
    8.05	No
    Material Adverse Effect	27
	Section
    8.06	Due
    Diligence Review	27
	Section
    8.07	Audited
    Financials.	28
	Section
    8.08	Preferred
    Stock	28
	Section
    8.09	Purchase
    Agreement	28
	Article
    IX.	CONDITIONS
    PRECEDENT TO OBLIGATIONS OF MR. CONWAY	28
	Section
    9.01	Conditions.	28
	Section
    9.02	Representations;
    Warranties and Covenants.	28
	Section
    9.03	No
    Governmental Prohibition.	28
	Section
    9.04	Deliverables	28
	Article
    X.	DEFAULT
    AND TERMINATION	29
	Section
    10.01	Default
    by Liberated.	29
	Section
    10.02	Default
    by the Shareholders	29
	Section
    10.03	Default
    by Mr. Conway	29
	Section
    10.04	Termination.	30

 

    	ii

    	 

    

 

	Section
    10.05	Termination
    Costs.	30
	Section
    10.06	Effect
    of Termination.	31
	Article
    XI.	INDEMNIFICATION	32
	Section
    11.01	Indemnification
    Obligations Generally.	32
	Section
    11.02	Procedure.	33
	Section
    11.03	Certain
    Limitations.	35
	Section
    11.04	Payments.	35
	Section
    11.05	Insurance.	35
	Section
    11.06	Effect
    of Investigation.	35
	Section
    11.07	Exclusive
    Remedy.	36
	Section
    11.08	Time
    Limit.	36
	Article
    XII.	DISPUTE
    RESOLUTION	36
	Section
    12.01	Arbitration.	36
	Section
    12.02	Waiver
    of Jury Trial; Exemplary Damages.	37
	Article
    XIII.	MISCELLANEOUS	38
	Section
    13.01	Brokers	38
	Section
    13.02	Governing
    Law	38
	Section
    13.03	Notices	37
	Section
    13.04	Attorneys’
    Fees	40
	Section
    13.05	Confidentiality	40
	Section
    13.06	Public
    Announcements and Filings	40
	Section
    13.07	Third
    Party Beneficiaries	40
	Section
    13.08	Expenses	40
	Section
    13.09	Entire
    Agreement	40
	Section
    13.10	Survival;
    Termination	40
	Section
    13.11	Amendment;
    Waiver	41
	Section
    13.12	Counsel.	41
	Section
    13.13	Arm’s
    Length Bargaining; No Presumption Against Drafter.	42
	Section
    13.14	Headings.	42
	Section
    13.15	No
    Assignment or Delegation.	42
	Section
    13.16	Commercially
    Reasonable Efforts	42
	Section
    13.17	Further
    Assurances.	42
	Section
    13.18	Specific
    Performance.	42
	Section
    13.19	Counterparts	42

 

Exhibits

 

	Exhibit
    A	Stock
    Power - Mr. Conway to Liberated Solutions, Inc.
	Exhibit
    B-1	Stock
    Power - Mr. Rhee to Liberated Solutions, Inc.
	Exhibit
    B-2	Stock
    Power - Mr. Carter to Liberated Solutions, Inc.
	Exhibit
    B-3	Stock
    Power – Mr. Zimeri to Liberated Solutions, Inc.

 

    	iii

    	 

    

 

Exchange
Agreement 

 

Dated
as of August 21, 2019

 

This
Exchange Agreement (subject to amendment as set forth herein, and together with the exhibits and other attachments hereto, this
“Agreement”) is entered into as of the date set forth above (the “Effective Date”) by and between (i)
Liberated Solutions, Inc. a Nevada corporation (“Liberated”); (ii) Clifford Rhee, (“Mr. Rhee”), a shareholder
of Ngen Technologies USA Corp, a Texas corporation (“Ngen”); (iii) Edward Carter, a shareholder of Ngen (“Mr.
Carter”); (v) Peter Zimeri, a shareholder of Ngen (“Mr. Zimeri”); and (iv) Brian Conway, the Chief Executive
Officer of, and a shareholder of, Liberated (“Mr. Conway”). Mr. Rhee, Mr. Carter and Mr. Zimeri may be referred to
herein collectively as the “Shareholders” and each individually as a “Shareholder.” Each of Liberated,
Mr. Rhee, Mr. Carter, Mr. Zimeri and Mr. Conway may be referred to herein collectively as the “Parties” and separately
as a “Party.”

 

WHEREAS,
Mr. Conway is, as of the Effective Date, the beneficial owner of 500,000 shares of Series X Preferred Stock, par value $0.001
per share, of Liberated (the “Series X Stock”);

 

WHEREAS,
the Parties acknowledge and agree that, following the Effective Date and prior to the Closing (as defined below), Mr. Conway shall
sell 250,000 shares of Series X Stock to an Affiliate (as defined below) of the Shareholders, and thus, as of the Closing, will
beneficially own 250,000 shares of Series X Stock;

 

WHEREAS,
Mr. Conway desires to return to Liberated the shares of Series X Stock held by Mr. Conway as of the Closing; and thereafter the
Shareholders desire to exchange their shares of shares of common stock, no par value per share, of Ngen (the “Ngen Common
Stock”) for shares of Series X Stock redeemed from Mr. Conway, in each case in accordance with the terms and conditions
herein; and

 

WHEREAS,
Ngen will become wholly owned subsidiary of Liberated pursuant to the transactions contemplated herein;

 

NOW
THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and
the mutual benefits to the Parties to be derived herefrom, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows:

 

Article
I. DEFINITIONS

 

Section
1.01 Definitions.

 

The
following terms, as used herein, have the following meanings

 

	 	(a)	“Accredited
    Investor” has the meaning set forth in Section 3.06(b).
	 	 	 
	 	(b)	“Acquisition
    Inquiry” means an inquiry, indication of interest or request for nonpublic information that could reasonably be expected
    to lead to an Acquisition Proposal. 

 

    	 	1	 

    	 

    

 

	 	(c)	“Acquisition
    Proposal” means any offer or proposal for any Acquisition Transaction or possible Acquisition Transaction. 
	 	 	 
	 	(d)	“Acquisition
    Transaction” means any transaction or series of related transactions with a Person or “group” (as defined
    in the Exchange Act and the rules promulgated thereunder) concerning any (i) merger, consolidation, business combination,
    share exchange, joint venture or similar transaction involving Liberated pursuant to which such Person or “group”
    would own 20% or more of the consolidated assets, revenues or net income of Liberated, (ii) sale, lease, license or other
    disposition directly or indirectly by merger, consolidation, business combination, share exchange, joint venture or otherwise,
    of assets of Liberated representing 20% or more of the consolidated assets, revenues or net income of Liberated, (iii) issuance
    or sale or other disposition (including by way of merger, consolidation, business combination, share exchange, joint venture
    or similar transaction) of Equity Securities representing 20% or more of the issued and outstanding equity securities of Liberated,
    (iv) transaction or series of transactions in which any Person or “group” would acquire beneficial ownership or
    the right to acquire beneficial ownership of Equity Securities representing 20% or more of the issued and outstanding equity
    securities of Liberated, (v) action to make the provisions of any “fair price”, “moratorium”, “control
    share acquisition”, “business combination” or other similar anti-takeover statute or regulation inapplicable
    to any transaction involving Liberated, or (vi) any combination of any of the foregoing.
	 	 	 
	 	(e)	“Action”
    means any legal action, suit, claim, investigation, hearing or proceeding, including any audit, claim or assessment for Taxes
    or otherwise.
	 	 	 
	 	(f)	“Affiliate”
    means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
    with such Person.
	 	 	 
	 	(g)	“Agreement”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(h)	“Arbitrator”
    has the meaning set forth in Section 12.01(a). 
	 	 	 
	 	(i)	“Basket”
    has the meaning set forth in Section 11.03(a).
	 	 	 
	 	(j)	“Business
    Day” means any day that is not a Saturday, Sunday or other day on which banking institutions in Nevada are authorized
    or required by law or executive order to close.
	 	 	 
	 	(k)	“Cap”
    has the meaning set forth in Section 11.03(a).
	 	 	 
	 	(l)	“Closing
    Date” has the meaning set forth in Section 2.05.
	 	 	 
	 	(m)	“Closing”
    has the meaning set forth in Section 2.05.
	 	 	 
	 	(n)	“Code”
    means the Internal Revenue Code of 1986, as amended.
	 	 	 
	 	(o)	“Contracts”
    means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint
    ventures and all other agreements, commitments and legally binding arrangements, whether written or oral.

 

    	 	2	 

    	 

    

 

	 	(p)	“Control”
    of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management
    and policies of such Person, whether through the ownership of voting securities, by contract, or otherwise; “Controlled”,
    “Controlling” and “under common Control with” have correlative meanings; and without limiting the
    foregoing a Person (the “Controlled Person”) shall be deemed Controlled by (a) any other Person (the “10%
    Owner”) (i) owning beneficially, as meant in Rule 13d-3 under the Exchange Act, securities entitling such Person to
    cast 10% or more of the votes for election of directors or equivalent governing authority of the Controlled Person or (ii)
    entitled to be allocated or receive 10% or more of the profits, losses, or distributions of the Controlled Person; (b) an
    officer, director, general partner, partner (other than a limited partner), manager, or member (other than a member having
    no management authority that is not a 10% Owner ) of the Controlled Person; or (c) a spouse, parent, lineal descendant, sibling,
    aunt, uncle, niece, nephew, mother-in-law, father-in-law, sister-in-law, or brother-in-law of an Affiliate of the Controlled
    Person or a trust for the benefit of an Affiliate of the Controlled Person or of which an Affiliate of the Controlled Person
    is a trustee.
	 	 	 
	 	(q)	“Conway
    Indemnified Party” has the meaning set forth in Section 11.01(b).
	 	 	 
	 	(r)	“Direct
    Claim” has the meaning set forth in Section 11.02(c).
	 	 	 
	 	(s)	“Effective
    Date” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(t)	“Equity
    Security” means, in respect of Liberated, (a) any capital stock or similar security, (b) any security convertible into
    or exchangeable for any security described in clause (a), (c) any option, warrant, or other right to purchase or otherwise
    acquire any security described in clauses (a), (b), or (c), and, (d) any “equity security” within the meaning
    of the Exchange Act.
	 	 	 
	 	(u)	“Exchange
    Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
	 	 	 
	 	(v)	“Exchange
    Shares” has the meaning set forth in Section 2.03(a).
	 	 	 
	 	(w)	“Exchange”
    has the meaning set forth in Section 2.03(b).
	 	 	 
	 	(x)	“First
    Party” has the meaning set forth in Section 10.05(d).
	 	 	 
	 	(y)	“GAAP”
    mean United States generally accepted accounting principles as in effect from time to time.
	 	 	 
	 	(z)	“Governmental
    Authority” means any federal, state, local or foreign government or political subdivision thereof, or any agency or
    instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental
    regulatory authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization
    or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction.
	 	 	 
	 	(aa)	“Governmental
    Authorization” means any (a) consent, license, registration, or permit issued, granted, given, or otherwise made available
    by or under the authority of any Governmental Authority or pursuant to any Law; or (b) right under any Contract with any Governmental
    Authority.

 

    	 	3	 

    	 

    

 

	 	(bb)	“Governmental
    Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any
    Governmental Authority.
	 	 	 
	 	(cc)	“Indemnified
    Party” has the meaning set forth in Section 11.01(d).
	 	 	 
	 	(dd)	“Indemnifying
    Party” has the meaning set forth in Section 11.01(d).
	 	 	 
	 	(ee)	“IRS”
    means the United States Internal Revenue Service.
	 	 	 
	 	(ff)	“Knowledge
    of Liberated” means the knowledge of a particular matter by any of the executive officers or directors of Liberated,
    after and assuming reasonable due inquiry. 
	 	 	 
	 	(gg)	“Law”
    means any domestic or foreign, federal, state, municipality or local law, statute, ordinance, code, rule, or regulation.
	 	 	 
	 	(hh)	“Liabilities”
    means any and all debts, liabilities and obligations of any nature whatsoever, whether accrued or fixed, absolute or contingent,
    mature or unmatured, or determined or determinable, including those arising under any Law, Action, Governmental Order or Contract.
	 	 	 
	 	(ii)	“Liberated
    Board” means the Board of Directors of Liberated.
	 	 	 
	 	(jj)	“Liberated
    Common Stock” has the meaning set forth in Section 2.02.
	 	 	 
	 	(kk)	“Liberated
    Default” “ has the meaning set forth in Section 10.01.
	 	 	 
	 	(ll)	“Liberated
    Indemnified Party” has the meaning set forth in Section 11.01(c).
	 	 	 
	 	(mm)	“Liberated
    Organizational Documents” has the meaning set forth in Section 5.01.
	 	 	 
	 	(nn)	“Liberated”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(oo)	“Lien”
    means any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, and any conditional
    sale or voting agreement or proxy, including any agreement to give any of the foregoing.
	 	 	 
	 	(pp)	“Loss”
    and “Losses” have the meanings set forth in Section 11.01(a).
	 	 	 
	 	(qq)	“Material
    Adverse Effect” means any event, occurrence, fact, condition or change that is, or could reasonably be expected to become,
    individually or in the aggregate, materially adverse to (a) the business, results of operations, condition (financial or otherwise)
    or assets of the affected Person, or (b) the ability of such Person to consummate the Transactions on a timely basis; provided,
    however, that “Material Adverse Effect” shall not include any event, occurrence, fact, condition, or change, directly
    or indirectly, arising out of or attributable to: (i) any changes, conditions or effects in the United States economy or securities
    or financial markets in general; (ii) changes, conditions or effects that generally affect the industries in which such Person
    operates; (iii) any change, effect or circumstance resulting from an action required or permitted by this Agreement; or (iv)
    conditions caused by acts of terrorism or war (whether or not declared); provided further, however, that any event, occurrence,
    fact, condition, or change referred to in clauses (i), (ii) or (iv) immediately above shall be taken into account in determining
    whether a Material Adverse Effect has occurred to the extent that such event, occurrence, fact, condition, or change has a
    disproportionate effect on such Person compared to other participants in the industries in which such Person conducts its
    business.

 

    	 	4	 

    	 

    

 

	 	(rr)	“Mr.
    Carter” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(ss)	“Mr.
    Conway Default” has the meaning set forth in Section 10.03.
	 	 	 
	 	(tt)	“Mr.
    Conway” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(uu)	“Mr.
    Rhee” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(vv)	“Mr.
    Zimeri” has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(ww)	“Ngen”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(xx)	“Ordinary
    Course of Business” means an action which is taken in the ordinary course of the normal day-to-day operations of the
    Person taking such action consistent with the past practices of such Person, is not required to be authorized by the board
    of directors or other governing body of such Person (or by any Person or group of Persons exercising similar authority) and
    is similar in nature and magnitude to actions customarily taken, without any authorization by the board of directors or other
    governing body (or by any Person or group of Persons exercising similar authority), in the ordinary course of the normal day-to-day
    operations of other Persons that are in the same line of business as such Person.
	 	 	 
	 	(yy)	“Organizational
    Documents” means (a) the articles or certificate of incorporation and the bylaws of a corporation; (b) the certificate
    of formation and limited liability company agreement, operating agreement, or like agreement of a limited liability company;
    (c) the partnership agreement and any statement of partnership of a general partnership; (d) the limited partnership agreement
    and the certificate of limited partnership of a limited partnership; (e) any charter or agreement or similar document adopted
    or filed in connection with the creation, formation, or organization of a Person; and (f) any amendment to or restatement
    of any of the foregoing.
	 	 	 
	 	(zz)	“Party”
    and “Parties” have the meanings set forth in the introductory paragraph hereto.
	 	 	 
	 	(aaa)	“Person”
    means an individual, corporation, partnership (including a general partnership, limited partnership or limited liability partnership),
    limited liability company, association, trust or other entity or organization, including a Governmental Authority, domestic
    or foreign, or political subdivision thereof, or an agency or instrumentality thereof.
	 	 	 
	 	(bbb)	“Purchase
    Agreement” has the meaning set forth in Section 8.09.
	 	 	 
	 	(ccc)	“Redemption
    Agreement” has the meaning set forth in Section 2.02.
	 	 	 
	 	(ddd)	“Redemption”
    has the meaning set forth in Section 2.02.

 

    	 	5	 

    	 

    

 

	 	(eee)	“Regulation
    S” has the meaning set forth in Section 3.06(f).
	 	 	 
	 	(fff)	“Representative”
    means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants
    and other agents of such Person.
	 	 	 
	 	(ggg)	“Rule
    144” has the meaning set forth in Section 3.06(f).
	 	 	 
	 	(hhh)	“SEC
    Reports” means all forms, reports, schedules, statements, certifications and other documents required by Liberated pursuant
    to the Securities Act or the Exchange Act.
	 	 	 
	 	(iii)	“SEC”
    means, the United States Securities and Exchange Commission.
	 	 	 
	 	(jjj)	“Second
    Party” has the meaning set forth in Section 10.05(d).
	 	 	 
	 	(kkk)	“Securities
    Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.
	 	 	 
	 	(lll)	“Series
    X Stock” has the meaning set forth in the recitals hereto.
	 	 	 
	 	(mmm)	“Shareholder
    Default” has the meaning set forth in Section 10.02.
	 	 	 
	 	(nnn)	“Shareholder
    Indemnified Party” has the meaning set forth in Section 11.01(a).
	 	 	 
	 	(ooo)	“Shareholders”
    has the meaning set forth in the introductory paragraph hereto.
	 	 	 
	 	(ppp)	“Tax
    Return” means any return, information return, declaration, claim for refund or credit, report or any similar statement,
    and any amendment thereto, including any attached schedule and supporting information, whether on a separate, consolidated,
    combined, unitary or other basis, that is filed or required to be filed with any Taxing Authority in connection with the determination,
    assessment, collection or payment of a Tax or the administration of any Law relating to any Tax.
	 	 	 
	 	(qqq)	“Tax(es)”
    means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other assessment of any kind
    or nature imposed by any Taxing Authority (including any income (net or gross), gross receipts, profits, windfall profit,
    sales, use, goods and services, ad valorem, franchise, license, withholding, employment, social security, workers compensation,
    unemployment compensation, employment, payroll, transfer, excise, import, real property, personal property, intangible property,
    occupancy, recording, minimum, alternative minimum, environmental or estimated tax), including any liability therefor as a
    transferee (including under Section 6901 of the Code or similar provision of applicable Law) or successor, as a result of
    Treasury Regulation Section 1.1502-6 or similar provision of applicable Law or as a result of any Tax sharing, indemnification
    or similar agreement, together with any interest, penalty, additions to tax or additional amount imposed with respect thereto.

 

    	 	6	 

    	 

    

 

	 	(rrr)	“Tax(es)”
    means any federal, state, local or foreign tax, charge, fee, levy, custom, duty, deficiency, or other assessment of any kind
    or nature imposed by any Taxing Authority (including any income (net or gross), gross receipts, profits, windfall profit,
    sales, use, goods and services, ad valorem, franchise, license, withholding, employment, social security, workers compensation,
    unemployment compensation, employment, payroll, transfer, excise, import, real property, personal property, intangible property,
    occupancy, recording, minimum, alternative minimum, environmental or estimated tax), including any liability therefor as a
    transferee (including under Section 6901 of the Code or similar provision of applicable Law) or successor, as a result of
    Treasury Regulation Section 1.1502-6 or similar provision of applicable Law or as a result of any Tax sharing, indemnification
    or similar agreement, together with any interest, penalty, additions to tax or additional amount imposed with respect thereto.
	 	 	 
	 	(sss)	“Taxing
    Authority” means the Internal Revenue Service and any other Governmental Authority responsible for the collection, assessment
    or imposition of any Tax or the administration of any Law relating to any Tax.
	 	 	 
	 	(ttt)	“Third
    Party Claim” has the meaning set forth in Section 11.02(a).
	 	 	 
	 	(uuu)	“Transaction
    Documents” means, collectively, this Agreement, the Redemption Agreement and the other agreements and documents entered
    into in connection herewith. 
	 	 	 
	 	(vvv)	“Transactions”
    has the meaning set forth in Section 2.01.

 

Section
1.02 Interpretive Provisions. Unless the express context otherwise requires:

 

	 	(a)	the
    words “hereof,” “herein,” and “hereunder” and words of similar import, when used in this
    Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement;
	 	 	 
	 	(b)	terms
    defined in the singular shall have a comparable meaning when used in the plural, and vice versa;
	 	 	 
	 	(c)	the
    terms “Dollars” and “$” mean United States Dollars;
	 	 	 
	 	(d)	references
    herein to a specific Section, Subsection, Recital or Exhibit shall refer, respectively, to Sections, Subsections, Recitals
    or Exhibits of this Agreement;
	 	 	 
	 	(e)	wherever
    the word “include,” “includes,” or “including” is used in this Agreement, it shall be
    deemed to be followed by the words “without limitation”;
	 	 	 
	 	(f)	references
    herein to any gender shall include each other gender;
	 	 	 
	 	(g)	references
    herein to any Person shall include such Person’s heirs, executors, personal Representatives, administrators, successors
    and assigns; provided, however, that nothing contained in this Section 1.02(g) is intended to authorize any assignment or
    transfer not otherwise permitted by this Agreement;
	 	 	 
	 	(h)	references
    herein to a Person in a particular capacity or capacities shall exclude such Person in any other capacity;
	 	 	 
	 	(i)	references
    herein to any contract or agreement (including this Agreement) mean such contract or agreement as amended, supplemented or
    modified from time to time in accordance with the terms thereof;

 

    	 	7	 

    	 

    

 

	 	(j)	with
    respect to the determination of any period of time, the word “from” means “from and including” and
    the words “to” and “until” each means “to but excluding”;
	 	 	 
	 	(k)	references
    herein to any Law or any license mean such Law or license as amended, modified, codified, reenacted, supplemented or superseded
    in whole or in part, and in effect from time to time; and
	 	 	 
	 	(l)	references
    herein to any Law shall be deemed also to refer to all rules and regulations promulgated thereunder.

 

Article
II. THE TRANSACTIONS

 

Section
2.01 The Transactions. On the terms and subject to the conditions in this Agreement,
at the Closing, the Parties shall undertake the respective portions of the Transactions as set forth herein (collectively, the
“Transactions”).

 

Section
2.02 Mr. Conway Redemption. On the Closing Date (as defined below), Liberated shall redeem from Mr. Conway the 250,000
shares of Series X Stock held by Mr. Conway as of the Closing, in return for (i) the payment to Mr. Conway of the sum of $25,000,
which the Parties acknowledge will be paid immediately following the contribution of such amount to Liberated by Ngen as set forth
below, and (ii) the issuance to Mr. Conway of a number of shares of common stock, par value $0.001 per share, of Liberated (the
“Liberated Common Stock”), constituting 2% of the issued and outstanding shares of Liberated Common Stock as of the
Closing Date, which the Parties acknowledge, as of Effective Date, would be 58,974,774 shares of Liberated Common Stock, but which
amount shall be finally determined as of the Closing Date (the “Redemption”), pursuant to the Redemption Agreement
as attached hereto as Exhibit C (the “Redemption Agreement”).

 

Section
2.03 Share Exchange.

 

	 	(a)	On
    the Closing Date, and immediately following the completion of the Redemption, the Shareholders shall sell, assign, transfer
    and deliver to Liberated, free and clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any
    kind, nature, or description, all of the Ngen Common Stock held by them, in exchange for the issuance to the Shareholders
    of the 250,000 shares of Series X Stock redeemed from Mr. Conway (the “Exchange Shares”), to be apportioned (i)
    123,750 Exchange Shares to Mr. Rhee; (ii) 123,750 Exchange Shares to Mr. Carter and (iii) 2,500 Exchange Shares to Mr. Zimeri.
    
	 	 	 
	 	(b)	The
    exchange as set forth in this Section 2.03, subject to the other terms and conditions herein, is referred to collectively
    herein as the “Exchange.”
	 	 	 
	 	(c)	At
    the Closing, the Shareholders shall, upon delivery of the stock powers as set forth herein, shall be recorded in the stock
    ledger of Liberated as the owners of the applicable portion of the Exchange Shares. 
	 	 	 
	 	(d)	Effective
    as of the Closing, any warrants to acquire shares of Ngen Common Stock shall be automatically terminated without any further
    action of any Party and without any payment therefore. 

 

    	 	8	 

    	 

    

 

Section
2.04 Contribution. At the Closing, the Shareholders shall cause Ngen shall contribute $25,000 to the capital of Liberated,
and Liberated shall utilize such amount to pay the required payment to Mr. Conway pursuant to Section 2.02.

 

Section
2.05 Closing. The closing of the Transactions (the “Closing”) shall occur on the first Business Day following
the satisfaction, or waiver by the Party for whose benefit such condition(s) exist(s), of the conditions to the Closing as set
forth in Article VII, Article VIII and Article IX, other than those conditions which, by their terms shall be satisfied solely
at the Closing, or such other date as agreed by the Parties (such date, the “Closing Date”), via the delivery of documents
between the parties via executed PDF of the Transaction Documents via email or other transmission, and shall be deemed to occur
in the order as set forth in this Article II.

 

Section
2.06 Deliverables at the Closing.

 

	 	(a)	At
    the Closing, the Shareholders shall deliver

 

	 	(i)	to
    Liberated:

 

	 	(1)	The
    stock power attached hereto as Exhibit B-1, duly executed by Mr. Rhee; 
	 	 	 
	 	(2)	the
    stock power attached hereto as Exhibit B-2, duly executed by Mr. Carter; 
	 	 	 
	 	(3)	the
    stock power attached hereto as Exhibit B-3, duly executed by Mr. Zimeri; and
	 	 	 
	 	(4)	a
    certificate of the Shareholders, duly executed by each Shareholder, confirming that the conditions to the Closing as set forth
    in Section 7.02(a) have been satisfied; and

 

	 	(ii)	to
    Mr. Conway, a certificate of the Shareholders, duly executed by each Shareholder, confirming that the conditions to the Closing
    as set forth in Section 9.02(b) have been satisfied

 

	 	(b)	At
    the Closing, Liberated shall:

 

	 	(i)	Following
    the receipt of the $25,000 from Ngen as required pursuant to Section 2.04, deliver to Mr. Conway the sum of $25,000 via wire
    transfer to an account as specified by Mr. Conway prior to the Closing; 

 

    	 	9	 

    	 

    

 

	 	(ii)	Issue
    to Mr. Conway the shares of Liberated Common Stock as required pursuant to Section 2.02, via book entry of such shares in
    the books and records of Liberated recording Mr. Conway as the beneficial owner thereof; 
	 	 	 
	 	(iii)	Deliver
    to Mr. Conway: 

 

	 	(1)	The
    Redemption Agreement, duly executed by an authorized officer of Liberated;

 

	 	(2)	a
    certificate of Liberated, duly executed by an authorized officer of Liberated, confirming that the conditions to the Closing
    as set forth in Section 9.02(a) have been satisfied; 

 

	 	(iv)	Issue
    to the Shareholders the Exchange Shares as required pursuant to Section 2.03(a), via book entry of such shares in the books
    and records of Liberated recording the applicable Shareholder as the beneficial owner of the applicable portion of the Exchange
    Shares; and
	 	 	 
	 	(v)	Deliver
    to the Shareholders a certificate of Liberated, duly executed by an authorized officer of Liberated, confirming that the conditions
    to the Closing as set forth in Section 8.02(a), Section 8.05 and Section 8.08 have been satisfied.

 

	 	(c)	At
    the Closing, Mr. Conway shall deliver:

 

	 	(i)	to
    Liberated:

 

	 	(1)	the
    stock power attached hereto as Exhibit B-2 duly executed by Mr. Conway; 
	 	 	 
	 	(2)	a
    certificate of Mr. Conway, duly executed by Mr. Conway, confirming that the conditions to the Closing as set forth in Section
    7.02(b) have been satisfied; 
	 	 	 
	 	(3)	the
    Redemption Agreement, duly executed by Mr. Conway; and

 

	 	(ii)	to
    the Shareholders, a certificate of Mr. Conway, duly executed by Mr. Conway, confirming that the conditions to the Closing
    as set forth in Section 8.02(b) have been satisfied.

 

	 	(d)	At
    the Closing, the Shareholders shall cause Ngen to deliver to Liberated the sum of $25,000 as required pursuant to Section
    2.04. 

 

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

 

Section
2.08 Conveyance Taxes. Liberated will pay all sales, use, value added, transfer, stamp, registration, documentary, excise,
real property transfer or gains, or similar Taxes incurred as a result of the Exchange.

 

    	 	10	 

    	 

    

 

Article
III. REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDERS

 

As
an inducement to, and to obtain the reliance of the other Parties other than the Shareholders, each Shareholder, severally and
not jointly, represents and warrants to the other Parties as follows, provided that the representations and warranties as set
forth in Section 3.05 and Section 3.06 are given solely to Liberated and are given solely with respect to the shares of Ngen Common
Stock held by such Shareholder and the Exchange Shares to be received by such Shareholder with respect to the shares of Ngen Common
Stock held by such Shareholder:

 

Section
3.01 Existence and Power. Such Shareholder is an individual and has the power and is duly authorized under all applicable
Laws, regulations, ordinances, and orders of public authorities to carry on its business in all material respects as it is now
being conducted. 

 

Section
3.02 Due Authorization. Such Shareholder has taken all actions required by Law, its organizational documents or otherwise
to authorize the execution, delivery and performance of this Agreement and to consummate the Transactions. The execution, delivery
and performance by such Shareholder of this Agreement and the consummation by such Shareholder of the Transactions will not violate
any order to which it is subject or cause its breach of any contract to which it is a party.

 

Section
3.03 Valid Obligation.  This Agreement has been duly executed and delivered by such Shareholder and it constitutes,
and upon its execution and delivery will constitute, a valid and legally binding agreement of such Shareholder, enforceable against
such Shareholder in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar
Laws affecting the enforcement of creditors’ rights generally and subject to the qualification that the availability of
equitable remedies is subject to the discretion of the court before which any proceeding therefore may be brought.

 

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

 

Section
3.05 Title to and Issuance of the Ngen Common Stock. Such Shareholder is the record and beneficial owner and holder of
the shares of Ngen Common Stock to be delivered to Liberated at the Closing as set forth herein, free and clear of all Liens,
and none of the shares of Ngen Common Stock to be held by such Shareholder are subject to pre-emptive or similar rights, either
pursuant to the articles of incorporation or bylaws of Ngen, requirement of Law or any contract, and no Person has any pre-emptive
rights or similar rights to purchase or receive any of the shares of Ngen Common Stock held such Shareholder. Mr. Zimeri further
represents and warrants that the Ngen Common Stock held by Mr. Zimeri was previously potentially attributed to “PZ Family
Holdings” but that no such entity exists and Mr. Zimeri has always been the beneficial owner and holder thereof. 

 

    	 	11	 

    	 

    

 

Section
3.06 Investment Representations.

 

	 	(a)	Investment
    Purpose. Such Shareholder understands and agrees that the consummation of this Agreement including the delivery of the
    Exchange Shares to the Shareholder in exchange for the shares of Ngen Common Stock as contemplated hereby constitutes the
    offer and sale of securities under the Securities Act and applicable state statutes and that the Exchange Shares are being
    acquired for the Shareholder’s own account and not with a present view towards the public sale or distribution thereof,
    except pursuant to sales registered or exempted from registration under the Securities Act.
	 	 	 
	 	(b)	Information.
    Such Shareholder has been furnished with all documents and materials relating to the business, finances and operations of
    Liberated and its subsidiaries and information that such Shareholder requested and deemed material to making an informed decision
    regarding this Agreement and the underlying transactions.
	 	 	 
	 	(c)	Reliance
    on Exemptions. Such Shareholder understands that the Exchange Shares are being offered and sold to such Shareholder in
    reliance upon specific exemptions from the registration requirements of United States federal and state securities Laws and
    that Liberated is relying upon the truth and accuracy of, and the Shareholder’s compliance with, the representations,
    warranties, agreements, acknowledgments and understandings of the Shareholder set forth herein in order to determine the availability
    of such exemptions and the eligibility of the Shareholder to acquire the Exchange Shares. 
	 	 	 
	 	(d)	Information.
    Such Shareholder and their advisors, if any, have been furnished with all materials relating to the business, finances and
    operations of Liberated and materials relating to the offer and sale of the Exchange Shares which have been requested by such
    Shareholder or their advisors. Such Shareholder and their advisors, if any, have been afforded the opportunity to ask questions
    of Liberated. Such Shareholder understands that their investment in the Exchange Shares involves a significant degree of risk.
	 	 	 
	 	(e)	Governmental
    Review. Such Shareholder understands that no United States federal or state agency or any other Governmental Authority
    has passed upon or made any recommendation or endorsement of the Exchange Shares.
	 	 	 
	 	(f)	Transfer
    or Resale. Such Shareholder understands that (i) the sale or re-sale of the Exchange Shares has not been and is not being
    registered under the Securities Act or any applicable state securities Laws, and the Exchange Shares may not be transferred
    unless (a) the Exchange Shares are sold pursuant to an effective registration statement under the Securities Act, (b) such
    Shareholder shall have delivered to Liberated, at the cost of such Shareholder, an opinion of counsel that shall be in form,
    substance and scope customary for opinions of counsel in comparable transactions to the effect that the Exchange Shares to
    be sold or transferred may be sold or transferred pursuant to an exemption from such registration, which opinion shall be
    accepted by Liberated, (c) the Exchange Shares are sold or transferred to an “affiliate” (as defined in Rule 144
    promulgated under the Securities Act (or a successor rule) (“Rule 144”)) of such Shareholder who agree to sell
    or otherwise transfer the Exchange Shares only in accordance with this Section 3.06 and who is an Accredited Investor, (d)
    the Exchange Shares are sold pursuant to Rule 144, or (e) the Exchange Shares are sold pursuant to Regulation S under the
    Securities Act (or a successor rule) (“Regulation S”), and such Shareholder shall have delivered to Liberated,
    at the cost of such Shareholder, an opinion of counsel that shall be in form, substance and scope customary for opinions of
    counsel in corporate transactions, which opinion shall be accepted by Liberated; (ii) any sale of such Exchange Shares made
    in reliance on Rule 144 may be made only in accordance with the terms of said Rule and further, if said Rule is not applicable,
    any re-sale of such Exchange Shares under circumstances in which the seller (or the person through whom the sale is made)
    may be deemed to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other
    exemption under the Securities Act or the rules and regulations of the SEC thereunder; and (iii) neither Liberated nor any
    other person is under any obligation to register such Exchange Shares under the Securities Act or any state securities Laws
    or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the foregoing or anything
    else contained herein to the contrary, the Exchange Shares may be pledged as collateral in connection with a bona fide margin
    account or other lending arrangement.

 

    	 	12	 

    	 

    

 

	 	(g)	Legends.
    Such Shareholder understands that the Exchange Shares, until such time as the Exchange Shares have been registered under the
    Securities Act, or may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities
    as of a particular date that can then be immediately sold, the Exchange Shares may bear a standard Rule 144 legend and a stop-transfer
    order may be placed against transfer of the certificates for such Exchange Shares.
	 	 	 
	 	(h)	Removal.
    The legend(s) referenced in Section 3.06(g) shall be removed and Liberated shall issue a certificate without such legend to
    the holder of any Exchange Shares upon which it is stamped, if, unless otherwise required by applicable state securities Laws,
    (a) the Exchange Shares are registered for sale under an effective registration statement filed under the Securities Act or
    otherwise may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a
    particular date that can then be immediately sold, or (b) such holder provides Liberated with an opinion of counsel, in form,
    substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer
    of such Exchange Shares may be made without registration under the Securities Act, which opinion shall be accepted by Liberated
    so that the sale or transfer is effected. Such Shareholder agrees to sell all Exchange Shares, including those represented
    by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements,
    if any.

 

Article
IV. REPRESENTATIONS AND WARRANTIES OF MR.
CONWAY

 

As
an inducement to, and to obtain the reliance of the other Parties, Mr. Conway represents and warrants to such other Parties as
follows:

 

Section
4.01 Existence and Power. Mr. Conway is an individual and has the power and is duly authorized under all applicable Laws,
regulations, ordinances, and orders of public authorities to carry on his business in all material respects as it is now being
conducted. 

 

    	 	13	 

    	 

    

 

Section
4.02 Due Authorization. Mr. Conway has taken all actions required by Law or otherwise to authorize the execution, delivery
and performance of this Agreement and to consummate the Transactions. The execution, delivery and performance by Mr. Conway of
this Agreement and the consummation by Mr. Conway of the Transactions will not violate any order to which he is subject or cause
its breach of any contract to which he is a party.

 

Section
4.03 Valid Obligation. This Agreement has been duly executed and delivered by Mr. Conway and it constitutes, and upon its
execution and delivery will constitute, a valid and legally binding agreement of Mr. Conway, enforceable against Mr. Conway in
accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar Laws affecting the
enforcement of creditors’ rights generally and subject to the qualification that the availability of equitable remedies
is subject to the discretion of the court before which any proceeding therefore may be brought.

 

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

 

Section
4.05 Title to and Issuance of the Series X Stock. Mr. Conway is the record and beneficial owner and holder of the shares
of Series X Stock to be delivered to Liberated at the Closing as set forth herein, free and clear of all Liens, and none of the
shares of Series X Stock held by Mr. Conway are subject to pre-emptive or similar rights, either pursuant to any Liberated Organizational
Document, requirement of Law or any contract, and no Person has any pre-emptive rights or similar rights to purchase or receive
any of the shares of Series X Stock.

 

Article
V. REPRESENTATIONS AND WARRANTIES OF LIBERATED

 

As
an inducement to, and to obtain the reliance of the other Parties, Liberated represents and warrants to the other Parties as follows:

 

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

 

    	 	14	 

    	 

    

 

Section
5.02 Capitalization.

 

	 	(a)	The
    authorized capital of Liberated consists of (a) 6,000,000,000 shares of Liberated Common Stock, of which 2,948,738,707 shares
    are issued and outstanding, and (b) 100,000,000 shares of preferred stock, par value $0.001 per share, of which (i) 10,000,000
    shares have been designated as the Series X Stock, 1,000,000 of which are issued and outstanding and held of record by Mr.
    Conway, (ii) 1,000,000 shares have been designated as the Series A Preferred Stock of Liberated, of which 1,000,000 are issued
    and outstanding, all of which are held by Mr. Conway; and (iii) 10,000,000 shares have been designated as the Series B Preferred
    Stock of Liberated, of which none are issued and outstanding.
	 	 	 
	 	(b)	The
    issued and outstanding shares of Liberated Common Stock and Series X Stock are legally issued, fully paid, and non-assessable
    and were not issued in violation of the preemptive or other rights of any person.

 

Section
5.03 Options or Warrants. Other than as set forth in the SEC Reports, there are no options, warrants, convertible securities,
subscriptions, stock appreciation rights, phantom stock plans or stock equivalents or other rights, agreements, arrangements or
commitments (contingent or otherwise) of any character issued or authorized by Liberated relating to the issued or unissued capital
stock of Liberated or obligating Liberated to issue or sell any shares of capital stock of, or options, warrants, convertible
securities, subscriptions or other equity interests in, Liberated. Other than as set forth herein, there are no outstanding contractual
obligations of Liberated to repurchase, redeem or otherwise acquire any shares of Liberated Common Stock of Liberated or to pay
any dividend or make any other distribution in respect thereof or to provide funds to, or make any investment (in the form of
a loan, capital contribution or otherwise) in, any person.

 

Section
5.04 SEC Reporting and Compliance.

 

	 	(a)	All
    required SEC Reports have been filed with, or otherwise transmitted to the SEC and such SEC Reports are available on the SEC’s
    website through EDGAR. Except to the extent amended or superseded by a subsequent filing with the SEC, as of their respective
    dates (and if so amended or superseded, then on the date of such subsequent filing), none of the SEC Reports contained any
    untrue statement of a material fact or omitted to state a material fact required to be stated or incorporated by reference
    therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made,
    not misleading. There are no outstanding or unresolved comments in any comment letters of the staff of the SEC received by
    Liberated relating to the SEC Reports. None of the SEC Reports is, to the Knowledge of Liberated, the subject of ongoing SEC
    review.
	 	 	 
	 	(b)	The
    financial statements (including in all cases the notes thereto, if any) of Liberated included in the SEC Reports (i) in all
    material respects, were prepared consistent with the books and records of Liberated, (ii) in all material respects, present
    fairly the financial position of Liberated as of the respective dates thereof and the results of operations and cash flows
    of Liberated for the periods thereof, (iii) have been prepared in accordance with GAAP; provided that any unaudited, interim
    period financial statements need not include footnote disclosures and other presentation items or year-end adjustments that
    are required by GAAP to be included in year-end financial statements, and (iv) comply in all material respects with the applicable
    accounting requirements of the SEC, the Securities Act and the Exchange Act, and the rules and regulations promulgated thereunder.

 

    	 	15	 

    	 

    

 

	 	(c)	Liberated
    is not an investment company within the meaning of Section 3 of the Investment Company Act of 1940, as amended.
	 	 	 
	 	(d)	The
    shares of Liberated Common Stock are quoted on the OTCPINK level of the OTC Markets under the symbol “LIBE.OB”
    and Liberated is, and has no reason to believe that it will not in the foreseeable future continue to be, in compliance in
    all material respects with all rules and regulations of the OTC Markets applicable to it and Liberated Common Stock. The issuance
    of Exchange Shares under this Agreement will not contravene the rules and regulations of the trading market on which Liberated
    Common Stock is listed or quoted, as of the Closing, and no approval of the stockholders of Liberated is required for Liberated
    to issue and deliver Liberated Common Stock contemplated by this Agreement other than Liberated Shareholder Approval.
	 	 	 
	 	(e)	As
    of the Effective Date, Liberated’s SEC Reports include all certifications and statements required of it, if any, by
    (i) Rule 13a-14 or 15d-14 under the Exchange Act, and (ii) 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of
    2002), and each of such certifications and statements contain no qualifications or exceptions to the matters certified therein
    other than a knowledge qualification, permitted under such provision, and have not been modified or withdrawn and neither
    Liberated nor any of its officers has received any notice from the SEC questioning or challenging the accuracy, completeness,
    form or manner of filing or submission of such certifications or statements.
	 	 	 
	 	(f)	Liberated
    has otherwise complied with the Securities Act, Exchange Act and all other applicable federal and state securities laws, rules
    and regulations.
	 	 	 
	 	(g)	The
    balance sheets and statements of operations, stockholders’ equity and cash flows contained in Liberated SEC Reports
    (the “Liberated Financial Statements”) (a) comply as to form in all material respects with applicable accounting
    requirements and rules and regulations of the SEC with respect thereto, (b) have been prepared in accordance with GAAP applied
    on a basis consistent with prior periods (and, in the case of unaudited financial information, on a basis consistent with
    year-end audits), (c) are in accordance with the books and records of Liberated and (d) present fairly in all material respects
    the financial condition of Liberated at the dates therein specified and the results of its operations and changes in financial
    position for the periods therein specified.

 

Section
5.05 Liabilities. The SEC Reports set forth any and all Liabilities of Liberated.

 

Section
5.06 Subsidiaries and Predecessor Corporations. Other than as set forth in the SEC Reports, Liberated does not have any
subsidiaries, and does not own, beneficially or of record, any shares of any other corporation.

 

    	 	16	 

    	 

    

 

Section
5.07 Information. The information concerning Liberated set forth in this Agreement and in the SEC Reports is complete and
accurate in all material respects and does not contain any untrue statements of a material fact or omit to state a material fact
required to make the statements made, in light of the circumstances under which they were made, not misleading.

 

Section
5.08 No Conflict With Other Instruments. The execution of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate
or modify the terms of, any indenture, mortgage, deed of trust, or other material agreement or instrument to which Liberated is
a party or to which any of its assets, properties or operations are subject. The execution, delivery and performance by Liberated
of the Transactions Documents and the other agreements to be made by Liberated pursuant to or in connection with the Transactions
Documents and the consummation by Liberated of the transactions contemplated by the Transactions Documents will not cause Liberated
to violate or contravene (a) any provision of Law, (b) any rule or regulation of any agency, government or Governmental Authority,
(c) any order, judgment or decree of any court or Governmental Authority, or (d) any provision of Liberated’s Organizational
Documents and will not violate or be in conflict with, result in a breach of or constitute (with or without notice or lapse of
time, or both) a default under any material indenture, loan or credit agreement, deed of trust, mortgage, security agreement or
other agreement or Contract to which Liberated is a party or by which Liberated or any of its properties is bound.

 

Section
5.09 Compliance With Laws and Regulations. Liberated has complied in all material respects with all United States federal,
state or local or any applicable foreign Laws applicable to Liberated and the operation of its business.

 

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

 

Section
5.11 Valid Obligation. This Agreement and all agreements and other documents executed by Liberated in connection herewith
constitute the valid and binding obligation of Liberated, enforceable in accordance with its or their terms, except as may be
limited by bankruptcy, insolvency, moratorium or other similar Laws affecting the enforcement of creditors’ rights generally
and subject to the qualification that the availability of equitable remedies is subject to the discretion of the court before
which any proceeding therefore may be brought.

 

Section
5.12 Validity of Shares. The Exchange Shares to be issued at the Closing pursuant to this Agreement, when issued and delivered
in accordance with the terms of the Agreement, shall be duly and validly issued, fully paid and non-assessable. The issuance of
the Exchange Shares will be exempt from the registration and prospectus delivery requirements of the Securities Act and from the
qualification or registration requirements of any applicable state “Blue Sky” or securities laws.

 

    	 	17	 

    	 

    

 

Section
5.13 Absence of Certain Changes or Events.
Since the date of the filing of the most recent SEC Report by Liberated, or such other date as provided for herein, and other
than for, or as a result of, the Transactions as contemplated herein:

 

	 	(a)	there
    has not been any material adverse change in the business, operations, properties, assets, or condition (financial or otherwise)
    of Liberated;
	 	 	 
	 	(b)	Liberated
    has not (i) amended any of the Liberated Organizational Documents; (ii) declared or made, or agreed to declare or make, any
    payment of dividends or distributions of any assets of any kind whatsoever to stockholders or purchased or redeemed, or agreed
    to purchase or redeem, any of its shares; (iii) made any material change in its method of management, operation or accounting,
    (iv) entered into any other material transaction other than sales in the ordinary course of its business; or (v) made any
    increase in or adoption of any profit sharing, bonus, deferred compensation, insurance, pension, retirement, or other employee
    benefit plan, payment, or arrangement made to, for, or with its officers, directors, or employees; and
	 	 	 
	 	(c)	Liberated
    has not (i) granted or agreed to grant any options, warrants or other rights for its stocks, bonds or other corporate securities
    calling for the issuance thereof other than for customary compensatory purposes, (ii) borrowed or agreed to borrow any funds
    or incurred, or become subject to, any material obligation or liability (absolute or contingent) except as disclosed herein
    and except liabilities incurred in the Ordinary Course of Business; (iii) sold or transferred, or agreed to sell or transfer,
    any material portion of its assets, properties, or rights or canceled, or agreed to cancel, any debts or claims; or (iv) issued,
    delivered, or agreed to issue or deliver any stock, bonds or other corporate securities including debentures.

 

Section
5.14 Governmental Consents.

 

	 	(a)	All
    material consents, approvals, orders, or authorizations of, or registrations, qualifications, designations, declarations,
    or filings with any federal or state governmental authority on the part of Liberated required in connection with the consummation
    of the Transactions shall have been obtained prior to, and be effective as of, the Closing.
	 	 	 
	 	(b)	All
    material consents, approvals, orders, or authorizations of, or registrations, qualifications, designations, declarations,
    or filings with any federal or state governmental authority on the part of Liberated required in connection with the consummation
    of the Transactions shall have been obtained prior to, and be effective as of, the Closing.

 

Section
5.15 Compliance with Laws and Other Instruments. The execution, delivery and performance by Liberated of the Transactions
Documents and the other agreements to be made by Liberated pursuant to or in connection with the Transactions Documents and the
consummation by Liberated of the transactions contemplated by the Transactions Documents will not cause Liberated to violate or
contravene (a) any provision of Law, (b) any rule or regulation of any agency, government or Governmental Authority, (c) any order,
judgment or decree of any court or Governmental Authority, or (d) any provision of the Liberated Organizational Documents and
will not violate or be in conflict with, result in a breach of or constitute (with or without notice or lapse of time, or both)
a default under any material indenture, loan or credit agreement, deed of trust, mortgage, security agreement or other agreement
or contract to which Liberated is a party or by which Liberated or any of its properties is bound.

 

    	 	18	 

    	 

    

 

Section
5.16 No General Solicitation. In issuing the Exchange Shares in the Transactions, neither Liberated nor anyone acting on
its behalf has offered to sell the Exchange Shares by any form of general solicitation or advertising.

 

Section
5.17 Binding Obligations. This Agreement, together with the Transaction Documents, constitute the legal, valid and binding
obligations of Liberated, and are enforceable against Liberated, in accordance with their respective terms, except as such enforcement
is limited by bankruptcy, insolvency and other similar laws affecting the enforcement of creditors’ rights generally and
by general principles of equity.

 

Section
5.18 Absence of Changes. Except as disclosed in the SEC Reports filed as of the Effective Date, Liberated has conducted
its business in the ordinary course consistent with past practices. Without limiting the generality of the foregoing, except as
set forth in the SEC Reports filed as of the Effective Date, there has not been any Material Adverse Effect in the value to Liberated
of the Transactions.

 

Section
5.19 Tax Returns and Audits. All required federal, state and local Tax Returns of Liberated will have been accurately prepared
in all material respects and duly filed, and all federal, state and local Taxes required to be paid with respect to the periods
covered by such returns have been paid to the extent that the same have become due, except where the failure so to file or pay
could not reasonably be expected to have a material adverse effect upon the Condition of Liberated. Liberated has not had a Tax
deficiency assessed against it and has not executed a waiver of any statute of limitations or the assessment or collection of
any Tax. None of Liberated’s federal income, state and local income and franchise tax returns has been audited by any governmental
authority; and none of Liberated’s state or local income or franchise Tax Returns has been audited by any governmental authority.
The reserves for Taxes reflected on Liberated Balance Sheet are and will be sufficient for the payment of all unpaid Taxes payable
by Liberated with respect to the period ended on Liberated Balance Sheet Date. Since Liberated Balance Sheet Date, Liberated has
made adequate provisions on its books of account for all Taxes with respect to its business, properties and operations for such
period. Liberated has withheld or collected from each payment made to each of its employees the amount of all Taxes (including,
but not limited to, federal, state and local income Taxes, Federal Insurance Contribution Act Taxes and Federal Unemployment Tax
Act Taxes) required to be withheld or collected therefrom, and has paid the same to the proper Tax receiving officers or authorized
depositaries. There are no federal, state, local or foreign audits, actions, suits, proceedings, investigations, claims or administrative
proceedings relating to Taxes or any Tax Returns of Liberated now pending, and Liberated has not received any notice of any proposed
audits, investigations, claims or administrative proceedings relating to Taxes or any Tax Returns. Liberated has not agreed, nor
is it required, to make any adjustments under Section 481(a) of the Code (or any similar provision of state, local and foreign
law), whether by reason of a change in accounting method or otherwise, for any Tax period for which the applicable statute of
limitations has not yet expired. Liberated (i) is not a party to, nor is it bound by or obligated under, any Tax Sharing Agreements,
and (ii) does not have any potential liability or obligation to any Person as a result of, or pursuant to, any such Tax Sharing
Agreements. Liberated has no liability for any other taxpayer under U.S. Treasury Regulation 1.1502-6 or any other similar provision.

 

    	 	19	 

    	 

    

 

Section
5.20 Employee Benefit Plans; ERISA. Except as disclosed in the SEC Reports filed as of the Effective Date, there are no
“employee benefit plans” (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974,
as amended, and the regulations thereunder) nor any other employee benefit or fringe benefit arrangements, practices, contracts,
policies or programs other than programs merely involving the regular payment of wages, commissions, or bonuses established, maintained
or contributed to by Liberated, whether written or unwritten and whether or not funded.

 

Section
5.21 Litigation. There is no Action, suit, arbitration or other legal, administrative or other governmental proceeding
pending or, to the Knowledge of Liberated, threatened against or affecting Liberated or any of its properties, assets or businesses
and, to the Knowledge of Liberated, there is no incident, transaction, occurrence or circumstance that might reasonably be expected
to result in or form the basis for any such action, suit, arbitration or other proceeding. Liberated is not in default with respect
to any Governmental Order, writ, judgment, injunction, decree, determination or award of any court or any Governmental Authority.

 

Section
5.22 Licenses. Liberated possesses from all appropriate governmental authorities all licenses, permits, authorizations,
approvals, franchises and rights necessary for Liberated to engage in the business currently conducted by it, all of which are
in full force and effect.

 

Section
5.23 Interested Party Transactions. No officer, director or stockholder of Liberated or any Affiliate or “associate”
(as such term is defined in Rule 405 under the Securities Act) of any such Person or of Liberated has or has had, either directly
or indirectly, (a) an interest in any Person that (i) furnishes or sells services or products that are furnished or sold or are
proposed to be furnished or sold by Liberated or (ii) purchases from or sells or furnishes to Liberated any goods or services,
or (b) a beneficial interest in any contract or agreement to which Liberated is a party or by which it or any of its assets may
be bound or affected.

 

Section
5.24 Obligations to or by Stockholders. Liberated has no liability or obligation or commitment to any stockholder of Liberated
or any Affiliate or “associate” (as such term is defined in Rule 405 under the Securities Act) of any stockholder
of Liberated, nor does any stockholder of Liberated or any such Affiliate or associate have any liability, obligation or commitment
to Liberated.

 

    	 	20	 

    	 

    

 

Section
5.25 Assets and Contracts. Liberated has good title to, or valid leasehold interests in, all of its properties and assets
used in the conduct of its business. All such assets and properties, other than assets and properties in which Liberated has leasehold
interests, are free and clear of all Liens. Liberated has complied in all material respects with the terms of all leases to which
it is a party and under which it is in occupancy, and all such leases are in full force and effect. Liberated enjoys peaceful
and undisturbed possession under all such leases. Except as expressly set forth in this Agreement or the SEC Reports filed as
of the Effective Date, Liberated is not a party to any written or oral agreement not made in the ordinary course of business that
is material to Liberated. No consent of any bank or other depository is required to maintain any bank account, other deposit relationship
or safety deposit box of Liberated in effect following the consummation of the Transactions and the Transactions.

 

Section
5.26 Employees. Other than pursuant to ordinary arrangements of employment compensation, including employment agreements,
(which such arrangements are described in the SEC Reports filed as of the Effective Date), Liberated is not under any obligation
or liability to any officer, director, employee or Affiliate of Liberated.

 

Section
5.27 Duty to Make Inquiry. To the extent that any of the representations or warranties of Liberated herein are qualified
by “knowledge” or “belief,” Liberated represents and warrants that it has made due and reasonable inquiry
and investigation concerning the matters to which such representations and warranties relate, including, but not limited to, diligent
inquiry of its directors and executive officers.

 

Section
5.28 Internal Accounting Controls. Liberated maintains a system of internal accounting controls sufficient to provide reasonable
assurance that (a) transactions are executed in accordance with management’s general or specific authorizations, (b) transactions
are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability,
(c) access to assets is permitted only in accordance with management’s general or specific authorization, and (d) the recorded
accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect
to any differences. Liberated has established disclosure controls and procedures for Liberated and designed such disclosure controls
and procedures to ensure that material information relating to Liberated is made known to the officers by others within those
entities. Liberated’s officers have evaluated the effectiveness of Liberated’s controls and procedures as of the date
prior to the filing date of the most recently filed periodic report under the Exchange Act and, as of such there have been no
significant changes in Liberated’s internal controls or, to the Knowledge of Liberated, in other factors that could significantly
affect Liberated’s internal controls.

 

Section
5.29 Certain Registration Matters. Except as specified in the SEC Reports filed as of the Effective Date, Liberated has
not granted or agreed to grant to any person any rights (including “piggy-back” registration rights) to have any securities
of Liberated registered with the SEC or any other governmental authority that have not been satisfied.

 

Section
5.30 Disclosure. There is no fact relating to Liberated that Liberated has not disclosed to the other Parties herein that
materially and adversely affects nor, insofar as Liberated can now foresee, will materially and adversely affect, the condition
(financial or otherwise), properties, assets, liabilities, business operations, results of operations or prospects of Liberated.
This Agreement does not, and any Transaction Document will not, (i) contain any representation, warranty or information by Purchaser
that is false or misleading with respect to any material fact, or (ii) omit to state any material fact necessary in order to make
the representations, warranties and information contained and to be contained herein and therein (in the light of the circumstances
under which such representations, warranties and information were or will be made or provided) not false or misleading.

 

    	 	21	 

    	 

    

 

Article
VI. COVENANTS AND ADDITIONAL
AGREEMENTS

 

Section
6.01 Access to Properties and Records. Following the Effective Date, Liberated will afford to the officers and authorized
Representatives of the Shareholders access to the properties, books and records of Liberated, in order that the Shareholders may
have a full opportunity to make such reasonable investigation as they shall desire to make of the affairs of such Liberated, and
will furnish the Shareholders with such additional financial and operating data and other information as to the business and properties
of Liberated as the Shareholders shall from time to time reasonably request. 

 

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

 

Section
6.03 Liberated Affirmative Covenants.
Until the earlier of Closing and such time, if any, that this Agreement is terminated pursuant to the terms of Article X, and
except as otherwise contemplated by this Agreement or all of the Shareholders shall otherwise consent in writing in advance, Liberated
shall:

 

	 	(a)	conduct
    the business of Liberated only in the Ordinary Course of Business and will use commercially reasonable best efforts to maintain
    and preserve the assets of Liberated, preserve intact the current business organization of Liberated, and maintain the relations
    and goodwill with customers, creditors, employees, agents, and others having business relationships with Liberated;
	 	 	 
	 	(b)	provide
    the Shareholders and their respective Representatives and agents reasonable access to the books and financial records of Liberated
    at any time during normal business hours prior to the Closing Date, at the Shareholders’ sole cost and expense, to perform
    any inspections or evaluations and, upon receiving from the Shareholders reasonable advance notice, observe any meetings of
    management of Liberated and its management which the Shareholders reasonably deem necessary or appropriate, other than any
    such meetings or portions thereof which relate to this Agreement or Transactions;
	 	 	 
	 	(c)	furnish
    to the Shareholders true, correct and complete copies of all records, documentation and other information in its possession
    as the Shareholders may reasonably request concerning Liberated;
	 	 	 
	 	(d)	furnish
    to the Shareholders copies of any and all amendments or supplements to the SEC Reports filed with the SEC and all subsequent
    registration statements and reports filed by Liberated subsequent to the filing of any SEC Report with the SEC and any and
    all subsequent information statements, proxy statements, reports or notices filed by Liberated with the SEC or delivered to
    the stockholders of Liberated; 

 

    	 	22	 

    	 

    

 

	 	(e)	permit
    the Shareholders to, without any obligation to do so, contact any Governmental Authority about any Governmental Authorizations
    or Requirements of Law concerning Ngen;
	 	 	 
	 	(f)	cause
    all Contracts to which Liberated is a party to be performed to the extent required to be performed as of the Closing Date
    in full; 
	 	 	 
	 	(g)	cooperate
    with the Shareholders with respect to all filings, permits or consents that Liberated elects to make or obtain or is required
    by Requirements of Law or other Persons to make or obtain in connection with the Transactions; 
	 	 	 
	 	(h)	provide
    notice to the Shareholders as promptly as reasonably practicable upon becoming aware of any event or occurrence capable of
    causing a material impact on the business of Liberated; 
	 	 	 
	 	(i)	use
    commercially reasonable efforts to cause the conditions precedent in Article VII to be satisfied. 

 

Section
6.04 Liberated Negative Covenants. Until the earlier of Closing and such time, if any, that this Agreement is terminated
pursuant to the terms of Article X, and except as otherwise contemplated by this Agreement or as the Shareholders shall otherwise
consent in writing in advance, Liberated will not, and shall cause its Representatives not to, directly or indirectly: 

 

	 	(a)	Amend
    existing insurance coverage applicable to Liberated so long as such insurance is available at commercially reasonable rates;
	 	 	 
	 	(b)	dispose
    of any individual capital asset, and not incur, create or assume any Lien on any individual capital asset, in each case with
    a value in excess of $1,000, and provided that such disposition will not materially impact the operation of the business of
    Liberated or result in a Material Adverse Effect on Liberated; 
	 	 	 
	 	(c)	take
    any action which could be reasonably expected to prevent or materially delay the consummation of the Transactions; 
	 	 	 
	 	(d)	enter
    into any new material line of business or commit to any material capital expenditure outside of the Ordinary Course of Business;
	 	 	 
	 	(e)	(1)
    issue, authorize or propose the issuance of any equity interests of Liberated, (2) adopt a plan of complete or partial liquidation
    or resolutions providing for or authorizing such liquidation or a dissolution, merger, consolidation, restructuring, recapitalization
    or other reorganization, or (3) make any distribution of, or directly or indirectly repurchase, redeem or otherwise acquire,
    any equity interests of Liberated, other than as contemplated herein;
	 	 	 
	 	(f)	amend
    any of the Organizational Documents of Liberated;
	 	 	 
	 	(g)	(1)
    enter into, adopt, materially amend, terminate, freeze, increase benefits under or agree to or make any award or grant under
    any employee benefit plan (or any plan that would be an employee benefit plan if in effect on the date hereof), (2) take any
    action to accelerate any rights or benefits under any employee benefit plan, (3) make or announce any increase in salaries,
    bonuses or other compensation or fringe benefits payable or to become payable, or grant, announce, or increase any termination
    or severance, retention, change-of-control or similar payments, to any present or former employee, officer, director, agent
    or independent contractor of Liberated, or (4) engage in any material reduction in force or promote any employee to or at
    or above the level of officer or senior management;

 

    	 	23	 

    	 

    

 

	 	(h)	enter
    into any Contract that, if such contract had been in effect on the date hereof, would have been material to the operations
    of Liberated, or amend or terminate any such material Contract or waive or cancel any material right thereunder, other than
    in the Ordinary Course of Business;
	 	 	 
	 	(i)	sell,
    lease or otherwise transfer, or create or incur any lien on the assets, securities, property, interests or businesses of Liberated
    other than in the Ordinary Course of Business;
	 	 	 
	 	(j)	create,
    incur, or assume any indebtedness or trade debt outside of the Ordinary Course of Business; 
	 	 	 
	 	(k)	change
    any method of accounting or accounting practice or accounting policy used by any Liberated, other than such changes required
    by GAAP or Requirements of Law; 
	 	 	 
	 	(l)	settle
    or compromise any material claims against Liberated;
	 	 	 
	 	(m)	make,
    revoke or change any Tax election, file any amended Tax Returns, settle or compromise any Tax liability or surrender any refund,
    waive any statute of limitations with respect to assessment of any Tax or incur any Tax liability outside of the Ordinary
    Course of Business in each case other than as required by any Requirements of Law;
	 	 	 
	 	(n)	acquire
    any business or Person, by merger, consolidation or otherwise, in a single transaction or a series of related transactions;
    or
	 	 	 
	 	(o)	agree
    to take any of the foregoing actions, except as expressly contemplated by this Agreement and the other agreements expressly
    contemplated hereby.

 

Section
6.05 Liberated No-Shop.

 

	 	(a)	From
    the Effective Date until the first to occur of the Closing or the termination of this Agreement in accordance with its terms,
    (i) Liberated shall not, and (ii) Liberated shall cause the Representatives of Liberated not to, directly or indirectly:

 

	 	(i)	solicit,
    initiate, knowingly encourage or knowingly facilitate the making, submission or announcement of any Acquisition Proposal or
    Acquisition Inquiry;
	 	 	 
	 	(ii)	furnish
    any non-public information regarding Liberated to any Person who has made an Acquisition Proposal or an Acquisition Inquiry;
	 	 	 
	 	(iii)	engage
    in discussions or negotiations with any Person who has made an Acquisition Proposal or an Acquisition Inquiry (other than
    discussions in the Ordinary Course of Business that are unrelated to an Acquisition Proposal or Acquisition Inquiry, which
    shall be permitted);

 

    	 	24	 

    	 

    

 

	 	(iv)	approve,
    endorse or recommend an Acquisition Proposal or Acquisition Inquiry;
	 	 	 
	 	(v)	withdraw
    or propose to withdraw its approval and recommendation in favor of this Agreement and the Transactions; or
	 	 	 
	 	(vi)	enter
    into any letter of intent, agreement in principle, merger, acquisition, purchase or joint venture agreement or other similar
    agreement for any Liberated Acquisition Transaction.

 

	 	(b)	From
    the Effective Date until the first to occur of the Closing or the termination of this Agreement in accordance with its terms,
    Liberated shall not, and Liberated shall ensure that the management of Liberated shall not, (i) approve or recommend, or propose
    publicly to approve or recommend, any Acquisition Proposal, (ii) take any action to make the provisions of any “fair
    price”, “moratorium”, “control share acquisition”, “business combination” or other
    similar anti-takeover statute or regulation inapplicable to any transaction contemplated by an Acquisition Proposal, or (iii)
    approve or recommend, or propose publicly to approve or recommend, or cause or authorize Liberated to enter into, any letter
    of intent, agreement in principle, merger, acquisition, or other Contract in respect of or relating to an Acquisition Proposal.
    
	 	 	 
	 	(c)	Liberated
    shall promptly, within 36 hours, advise the Shareholders orally and in writing of any Acquisition Proposal or Acquisition
    Inquiry (including the identity of the Person making or submitting such Acquisition Proposal or Acquisition Inquiry and the
    terms thereof and all material modifications thereto) that is made or submitted by any Person during the period beginning
    on the Effective Date and ending upon the Closing or the termination of this Agreement in accordance with its terms. Liberated
    shall keep the Shareholders reasonably informed on a current basis of any material developments in the status and terms of
    any such Acquisition Proposal or Acquisition Inquiry (including whether such Acquisition Proposal or Acquisition Inquiry has
    been withdrawn or rejected and any material change to the terms thereof).
	 	 	 
	 	(d)	Liberated
    shall immediately cease and cause to be terminated any discussions existing as of the Effective Date with any Person that
    relate to any Acquisition Proposal or Acquisition Inquiry proposed on or prior to the Effective Date. Liberated acknowledges
    and agree that any actions taken by or at the direction of a Representative of Liberated that, if taken by Liberated, would
    constitute a breach or violation of this Section 6.05 will be deemed to constitute a breach and violation of this Section
    6.05 by Liberated.

 

Article
VII. CONDITIONS PRECEDENT TO OBLIGATIONS OF LIBERATED

 

Section
7.01 Conditions. The obligations of Liberated to consummate the Closing are subject to the satisfaction or waiver, by Liberated
in its sole discretion, at or before the Closing Date, of the conditions as set forth in the remainder of this Article VII.

 

    	 	25	 

    	 

    

 

Section
7.02 Representations; Warranties and Covenants.

 

	 	(a)	All
    of the representations and warranties of the Shareholders contained in this Agreement shall be true and correct in all material
    respects, other than any representations or warranties qualified as to materiality, which shall be true and correct in all
    respects, in each case when made and on and as of the Closing Date (with the same effect as though such representations and
    warranties had been made on and as of the Closing Date), except for such representations and warranties which are made as
    of a specified date, which shall be true and correct in all respects or in all material respects, as applicable, as of such
    date, and the Shareholders shall have performed or complied with all covenants and conditions required by this Agreement to
    be performed or complied with by the Shareholders prior to or at the Closing.
	 	 	 
	 	(b)	All
    of the representations and warranties of Mr. Conway contained in this Agreement shall be true and correct in all material
    respects, other than any representations or warranties qualified as to materiality, which shall be true and correct in all
    respects, in each case when made and on and as of the Closing Date (with the same effect as though such representations and
    warranties had been made on and as of the Closing Date), except for such representations and warranties which are made as
    of a specified date, which shall be true and correct in all respects or in all material respects, as applicable, as of such
    date, and Mr. Conway shall have performed or complied with all covenants and conditions required by this Agreement to be performed
    or complied with by Mr. Conway prior to or at the Closing.

 

Section
7.03 No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment
or restraining order shall have been enacted, entered, promulgated or enforced by any court or Governmental Authority which prohibits
the consummation of the Transactions and no Action shall have been commenced by or before any Governmental Authority against any
Party seeking to restrain or materially and adversely alter the Transactions.

 

Section
7.04 Deliverables. Liberated and Mr. Conway shall have received the items and documents
as required herein at the Closing.

 

Section
7.05 Audited Financials. Ngen
shall have provided to Liberated audited financial statements for Ngen and related auditor reports thereon from its existing Public
Company Accounting Oversight Board-registered auditors which consents to the inclusion of its statements in SEC public filings,
for each of the two most recently ended fiscal years and any other period audited financials are required to be included in the
SEC Reports following the Closing pursuant to applicable Law, and unaudited statements for any other required interim periods.

 

    	 	26	 

    	 

    

 

Article
VIII. CONDITIONS PRECEDENT TO OBLIGATIONS OF
THE SHAREHOLDERS

 

Section
8.01 Conditions. The obligations of each of the Shareholders to consummate the Closing are subject to the satisfaction
or waiver, by each of the Shareholders in their sole discretion, at or before the Closing Date of the conditions as set forth
in the remainder of this Article VIII.

 

Section
8.02 Representations; Warranties and Covenants.

 

	 	(a)	All
    of the representations and warranties of Liberated contained in this Agreement shall be true and correct in all material respects,
    other than any representations or warranties qualified as to materiality, which shall be true and correct in all respects,
    in each case when made and on and as of the Closing Date (with the same effect as though such representations and warranties
    had been made on and as of the Closing Date), except for such representations and warranties which are made as of a specified
    date, which shall be true and correct in all respects or in all material respects, as applicable, as of such date, and other
    than the representations and warranties contained in Section 5.12 which shall be true and correct in all respects, and Liberated
    shall have performed or complied with all covenants and conditions required by this Agreement to be performed or complied
    with by Liberated prior to or at the Closing.
	 	 	 
	 	(b)	All
    of the representations and warranties of Mr. Conway contained in this Agreement shall be true and correct in all material
    respects, other than any representations or warranties qualified as to materiality, which shall be true and correct in all
    respects, in each case when made and on and as of the Closing Date (with the same effect as though such representations and
    warranties had been made on and as of the Closing Date), except for such representations and warranties which are made as
    of a specified date, which shall be true and correct in all respects or in all material respects, as applicable, as of such
    date, and other than the representations and warranties contained in Section 4.05 which shall be true and correct in all respects,
    and Mr. Conway shall have performed or complied with all covenants and conditions required by this Agreement to be performed
    or complied with by Mr. Conway prior to or at the Closing.

 

Section
8.03 No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment
or restraining order shall have been enacted, entered, promulgated or enforced by any court or Governmental Authority which prohibits
the consummation of the Transactions and no Action shall have been commenced by or before any Governmental Authority against any
Party seeking to restrain or materially and adversely alter the Transactions.

 

Section
8.04 Deliverables. The Shareholders shall have received the items and documents as required
herein at the Closing.

 

Section
8.05 No Material Adverse Effect. There shall not have occurred any Material Adverse Effect on Liberated prior to the Closing
Date.

 

Section
8.06 Due Diligence Review. The Shareholders shall have completed their due diligence review of Liberated to the sole discretion
and satisfaction of the Shareholders, provided, however, that any such determination by the Shareholders, or any waiver of this
condition by the Shareholders, shall not alter, amend or modify any of the representations, warranties covenants or agreement
of Liberated herein or the right or ability of the Shareholders to rely thereon or to enforce the same.

 

    	 	27	 

    	 

    

 

Section
8.07 Audited Financials. Ngen shall have provided to Liberated the audited financial statements as provided to Liberated
in Section 7.05.

 

Section
8.08 Preferred Stock. Liberated shall have no classes or series of preferred stock authorized, issued or outstanding, other
than the Series X Stock.

 

Section
8.09 Purchase Agreement. The transactions pursuant to the Stock Purchase Agreement by and between Broken Circuit Technologies,
Inc., an Affiliate of the Shareholders, and Mr. Conway, dated as of August 15, 2019 (the “Purchase Agreement”), shall
have closed in accordance with the terms and conditions therein. 

 

Article
IX. CONDITIONS PRECEDENT TO OBLIGATIONS OF MR.
CONWAY

 

Section
9.01 Conditions. The obligations of Mr. Conway to consummate the Closing are subject to the satisfaction or waiver, by
Mr. Conway in his sole discretion, at or before the Closing Date of the conditions as set forth in the remainder of this Article
IX.

 

Section
9.02 Representations; Warranties and Covenants.

 

	 	(a)	All
    of the representations and warranties of Liberated contained in this Agreement shall be true and correct in all material respects,
    other than any representations or warranties qualified as to materiality, which shall be true and correct in all respects,
    in each case when made and on and as of the Closing Date (with the same effect as though such representations and warranties
    had been made on and as of the Closing Date), except for such representations and warranties which are made as of a specified
    date, which shall be true and correct in all respects or in all material respects, as applicable, as of such date, and Liberated
    shall have performed or complied with all covenants and conditions required by this Agreement to be performed or complied
    with by Liberated prior to or at the Closing.
	 	 	 
	 	(b)	All
    of the representations and warranties of the Shareholders contained in this Agreement shall be true and correct in all material
    respects, other than any representations or warranties qualified as to materiality, which shall be true and correct in all
    respects, in each case when made and on and as of the Closing Date (with the same effect as though such representations and
    warranties had been made on and as of the Closing Date), except for such representations and warranties which are made as
    of a specified date, which shall be true and correct in all respects or in all material respects, as applicable, as of such
    date, and the Shareholders shall have performed or complied with all covenants and conditions required by this Agreement to
    be performed or complied with by the Shareholders prior to or at the Closing.

 

Section
9.03 No Governmental Prohibition. No order, statute, rule, regulation, executive order, injunction, stay, decree, judgment
or restraining order shall have been enacted, entered, promulgated or enforced by any court or Governmental Authority which prohibits
the consummation of the Transactions and no Action shall have been commenced by or before any Governmental Authority against any
Party seeking to restrain or materially and adversely alter the Transactions.

 

Section
9.04 Deliverables. Mr. Conway shall have received the items and documents as required herein at the Closing.

 

    	 	28	 

    	 

    

 

Article
X. DEFAULT AND TERMINATION

 

Section
10.01 Default by Liberated. If Liberated fails to perform any of its material obligations under this Agreement, or is in
breach in any material respect of any representation, warranty, covenant or agreement on the part of Liberated set forth in this
Agreement, and, if such breach or failure is capable of being cured, such failure or breach has not been cured within 10 days
after receipt of notice from another Party of such breach by Liberated, then Liberated shall be in default hereunder (such event,
a “Liberated Default”). In the event of a Liberated Default, either (A) the Shareholders, acting jointly or (B) Mr.
Conway, shall be entitled to elect either (1) to bring an action for specific performance of this Agreement pursuant to Section
13.18 or (2) to terminate this Agreement pursuant to Section 10.04 and proceed against Liberated for payment for expenses as set
forth in Section 10.05. This provision shall be in addition to the Parties’ rights and remedies as set forth in Article
XI. 

 

Section
10.02 Default by the Shareholders. If any of the Shareholders fail to perform any of their respective material obligations
under this Agreement, or is in breach in any material respect of any representation, warranty, covenant or agreement on the part
of the Shareholders set forth in this Agreement, and, if such breach or failure is capable of being cured, such failure or breach
has not been cured within 10 days after receipt of notice from another Party of such breach by the Shareholders, then the Shareholders
shall be in default hereunder (such event, a “Shareholder Default”). In the event of a Shareholder Default, either
(A) Liberated or (B) Mr. Conway, shall be entitled to elect either (1) to bring an action for specific performance of this Agreement
pursuant to Section 13.18 or (2) to terminate this Agreement pursuant Section 10.04 and proceed against the Shareholders for payment
for expenses as set forth in Section 10.05. This provision shall be in addition to the Parties’ rights and remedies as set
forth in Article XI.

 

Section
10.03 Default by Mr. Conway. If Mr. Conway fails to perform any of his material obligations under this Agreement, or is
in breach in any material respect of any representation, warranty, covenant or agreement on the part of Mr. Conway set forth in
this Agreement, and, if such breach or failure is capable of being cured, such failure or breach has not been cured within 10
days after receipt of notice from another Party of such breach by Mr. Conway, then Mr. Conway shall be in default hereunder (such
event, a “Mr. Conway Default”). In the event of a Mr. Conway Default, either (A) the Shareholders, acting jointly,
or (B) Liberated, shall be entitled to elect either (1) to bring an action for specific performance of this Agreement pursuant
to Section 13.18 or (2) to terminate this Agreement pursuant to Section 10.04 and proceed against Mr. Conway for payment for expenses
as set forth in Section 10.05. This provision shall be in addition to the Parties’ rights and remedies as set forth in Article
XI.

 

    	 	29	 

    	 

    

 

Section
10.04 Termination. This Agreement may be terminated at any time before the Closing Date, as follows:

 

	 	(a)	by
    mutual written consent of all of the Parties;
	 	 	 
	 	(b)	by
    any Party, upon written notice to the other Parties, if there shall be in effect a final nonappealable order, judgment, injunction
    or decree entered by or with any Governmental Authority restraining, enjoining or otherwise prohibiting the consummation of
    the Transactions;
	 	 	 
	 	(c)	by
    Liberated, upon written notice to all of the other Parties, if there shall have been a Shareholder Default or a Mr. Conway
    Default;
	 	 	 
	 	(d)	by
    the Shareholders, acting jointly, upon written notice to all of the other Parties, if there shall have been a Liberated Default
    or a Mr. Conway Default; 
	 	 	 
	 	(e)	by
    Mr. Conway, upon written notice to all of the other Parties, if there shall have been a Liberated Default or a Shareholder
    Default; 
	 	 	 
	 	(f)	by
    the Shareholders, upon written notice to the other Parties, in the event that a Material Adverse Effect with respect to Liberated
    has occurred prior to the Closing;
	 	 	 
	 	(g)	by
    the Shareholders, upon written notice to the other Parties, at any time in the event that the Shareholders’ due diligence
    review of Liberated is unsatisfactory to the Shareholders for any reason in their sole discretion;
	 	 	 
	 	(h)	by
    either the Shareholders acting jointly, or Mr. Conway, upon written notice to the other Parties, in the event that the transactions
    as set forth in the Purchase Agreement have not closed in accordance with their terms by August 31, 2019;
	 	 	 
	 	(i)	by
    any of (1) the Shareholders acting jointly, (2) Liberated or (3) and Mr. Conway, if the Closing has not occurred by October
    31, 2019, provided, however, that the right to terminate this Agreement under this Section 10.04(i) shall not be available:

 

	 	(i)	to
    the Shareholders if, as of such time, any other Party has a right to terminate this Agreement pursuant to this Section 10.04
    due to a Shareholder Default or in the event that the failure of the Closing to so occur was caused by any of the Shareholders,
    other than in compliance with their rights hereunder; or 
	 	 	 
	 	(ii)	to
    Liberated if, as of such time, any other Party has a right to terminate this Agreement pursuant to this Section 10.04 due
    to a Liberated Default or in the event that the failure of the Closing to so occur was caused by Liberated, other than in
    compliance with their rights hereunder; or
	 	 	 
	 	(iii)	to
    Mr. Conway if, as of such time, any other Party has a right to terminate this Agreement pursuant to this Section 10.04 due
    to a Mr. Conway Default or in the event that the failure of the Closing to so occur was caused by Mr. Conway, other than in
    compliance with their rights hereunder. 

 

Section
10.05 Termination Costs.

 

	 	(a)	If
    this Agreement is validly terminated by any Party hereunder as a result of a Liberated Default, and only in that event, then,
    promptly but in any event within three Business Days following such termination, Liberated shall pay to each other Party an
    amount in cash equal to each of such Party’s respective reasonable out of pocket costs incurred with respect to the
    Transactions following the Effective Date, by wire transfer of immediately available funds to one or more accounts designated
    in writing by the applicable other Party.

 

    	 	30	 

    	 

    

 

	 	(b)	If
    this Agreement is validly terminated by any Party hereunder as a result of a Shareholder Default, and only in that event,
    then, promptly but in any event within three Business Days following such termination, the Shareholders, collectively, shall
    pay to each other Party an amount in cash equal to each of such Party’s respective reasonable out of pocket costs incurred
    with respect to the Transactions following the Effective Date, by wire transfer of immediately available funds to one or more
    accounts designated in writing by the applicable other Party.
	 	 	 
	 	(c)	If
    this Agreement is validly terminated by any Party hereunder as a result of a Mr. Conway Default, and only in that event, then,
    promptly but in any event within three Business Days following such termination, Mr. Conway shall pay to each other Party
    an amount in cash equal to each of such Party’s respective reasonable out of pocket costs incurred with respect to the
    Transactions following the Effective Date, by wire transfer of immediately available funds to one or more accounts designated
    in writing by the applicable other Party.
	 	 	 
	 	(d)	Each
    Party acknowledges that the agreements contained in this Section 10.05 are an integral part of the Transactions and that,
    without these agreements, the Parties would not enter into this Agreement. Accordingly if any Party fails to pay any amounts
    due pursuant to this Section 10.05 (the “First Party”), and, in order to obtain such payment, the other party
    (the “Second Party”) commences any action, arbitration, hearing, litigation or suit (whether civil, criminal,
    administrative, investigative, or informal) that results in a judgment against the First Party for the amounts set forth in
    this Section 10.05, the First Party shall pay to the Second Party the Second Party’s costs and expenses (including reasonable
    attorneys’ fees and expenses) in connection with such proceeding, together with interest on the amounts due pursuant
    to this Section 10.05 from the date such payment was required to be made until the date of payment at the prime lending rate
    as published in The Wall Street Journal in effect on the date such payment was required to be made.

 

Section
10.06 Effect of Termination. In the event of termination of this Agreement pursuant to this Article X, this Agreement (other
than this Article X, Article XI, Article XII and Article XIII) shall become void and of no further force or effect with no liability
on the part of any Party; provided, however, that, any such termination shall not relieve any Party from liability any liability
or obligation arising prior to such termination.

 

    	 	31	 

    	 

    

 

Article
XI. INDEMNIFICATION

 

Section
11.01 Indemnification Obligations Generally.

 

	 	(a)	In
    the event that the Closing occurs, the Shareholders, jointly and severally, hereby agree to indemnify and hold harmless to
    the fullest extent permitted by applicable law, each other Party and each of their respective Affiliates and each of its and
    their respective members, managers, partners, directors, officers, employees, stockholders, attorneys and agents and permitted
    assignees (each a “Shareholder Indemnified Party”), against and in respect of any and all out-of-pocket loss,
    cost, payments, demand, penalty, forfeiture, expense, liability, judgment, deficiency or damage, and diminution in value or
    claim (including actual costs of investigation and attorneys’ fees and other costs and expenses) (all of the foregoing
    collectively, “Losses” and each a “Loss”) incurred or sustained by any Shareholder Indemnified Party
    as a result of or in connection with (i) any breach or inaccuracy of any of the representations or warranties of the Shareholders
    set forth herein or in any other Transaction Document; (ii) any breach or non-fulfillment of any covenant, agreement or obligation
    of the Shareholders set forth herein or in any other Transaction Document; (iii) any breach or non-fulfillment of any covenant,
    agreement or obligation of Ngen set forth herein or in any other Transaction Document which is to be fulfilled or complied
    after the Closing Date; (iv) any breach or non-fulfillment of any covenant, agreement or obligation of Liberated set forth
    herein or in any other Transaction Document which is to be fulfilled or complied after the Closing Date; or (v) any claim
    by any Person for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding
    made, or alleged to have been made, by any of the Shareholders or any Person acting on any of their behalf in connection with
    any Transactions.
	 	 	 
	 	(b)	In
    the event that the Closing occurs, Mr. Conway hereby agrees to indemnify and hold harmless to the fullest extent permitted
    by applicable law, each other Party and each of their respective Affiliates and each of its and their respective members,
    managers, partners, directors, officers, employees, stockholders, attorneys and agents and permitted assignees (each a “Conway
    Indemnified Party”), against and in respect of any and all Losses incurred or sustained by any Conway Indemnified Party
    as a result of or in connection with (i) any breach or inaccuracy of any of the representations or warranties of Mr. Conway
    or Liberated set forth herein or in any other Transaction Document; (ii) any breach or non-fulfillment of any covenant, agreement
    or obligation of Mr. Conway set forth herein or in any other Transaction Document; (iii) any breach or non-fulfillment of
    any covenant, agreement or obligation of Liberated set forth herein or in any other Transaction Document which is to be fulfilled
    or complied with as of the Closing Date; or (iv) any claim by any Person for brokerage or finder’s fees or commissions
    or similar payments based upon any agreement or understanding made, or alleged to have been made, by Mr. Conway or any Person
    acting on any of their behalf in connection with any Transactions.
	 	 	 
	 	(c)	In
    the event that the Closing occurs, Liberated hereby agrees to indemnify and hold harmless to the fullest extent permitted
    by applicable law, each other Party and each of their respective Affiliates and each of its and their respective members,
    managers, partners, directors, officers, employees, stockholders, attorneys and agents and permitted assignees (each a “Liberated
    Indemnified Party”), against and in respect of any and all Losses incurred or sustained by any Liberated Indemnified
    Party as a result of or in connection with (i) any breach or inaccuracy of any of the representations or warranties of Liberated
    set forth herein or in any other Transaction Document; (ii) any breach or non-fulfillment of any covenant, agreement or obligation
    of Liberated set forth herein or in any other Transaction Document; or (iii) any claim by any Person for brokerage or finder’s
    fees or commissions or similar payments based upon any agreement or understanding made, or alleged to have been made, by Liberated
    or any Person acting on its behalf in connection with any Transactions.

 

    	 	32	 

    	 

    

 

	 	(d)	A
    Party obligated to provide indemnification hereunder shall be referred to as the “Indemnifying Party” and a Party
    entitled to indemnification hereunder shall be referred to as the “Indemnified Party” and if there is more than
    one Party entitled to indemnification hereunder from an Indemnifying Party with respect to any particular claim hereunder,
    then all such Parties shall collectively be referred to as the “Indemnified Party.”

 

Section
11.02 Procedure. The following shall apply with respect to all claims for indemnification hereunder:

 

	 	(a)	If
    any Indemnified Party receives notice of the assertion or commencement of any Action made or brought by any Person who is
    not a Party or an Affiliate of a Party or a Representative of the foregoing (a “Third-Party Claim”) against such
    Indemnified Party with respect to which the Indemnifying Party is obligated to provide indemnification under this Agreement,
    the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in any event not later
    than thirty (30) calendar days after receipt of such notice of such Third-Party Claim. The failure to give such prompt written
    notice shall not, however, relieve the Indemnifying Party of its indemnification obligations. The notice as set forth above
    shall describe the Third-Party Claim in reasonable detail, shall include copies of all material written evidence thereof and
    shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified
    Party. The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party,
    to assume the defense of any Third-Party Claim at the Indemnifying Party’s expense and by the Indemnifying Party’s
    own counsel, and the Indemnified Party shall cooperate in good faith in such defense. In the event that the Indemnifying Party
    assumes the defense of any Third-Party Claim, subject to Section 11.02(b), it shall have the right to take such action as
    it deems necessary to avoid, dispute, defend, appeal or make counterclaims pertaining to any such Third-Party Claim in the
    name and on behalf of the Indemnified Party. The Indemnified Party shall have the right to participate in the defense of any
    Third-Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof.
    The fees and disbursements of such counsel shall be at the expense of the Indemnified Party, provided, that if in the reasonable
    opinion of counsel to the Indemnified Party, (A) there are legal defenses available to an Indemnified Party that are different
    from or additional to those available to the Indemnifying Party; or (B) there exists a conflict of interest between the Indemnifying
    Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be liable for the reasonable fees and
    expenses of counsel to the Indemnified Party in each jurisdiction for which the Indemnified Party determines counsel is required.
    If the Indemnifying Party elects not to compromise or defend such Third-Party Claim, fails to promptly notify the Indemnified
    Party in writing of its election to defend as provided in this Agreement, or fails to diligently prosecute the defense of
    such Third-Party Claim, the Indemnified Party may, subject to Section 11.02(b), pay, compromise, defend such Third-Party Claim
    and seek indemnification for any and all Losses based upon, arising from or relating to such Third-Party Claim. The Parties
    shall cooperate with each other in all reasonable respects in connection with the defense of any Third-Party Claim, including
    making available (subject to the provisions of Section 13.05) records relating to such Third-Party Claim and furnishing, without
    expense (other than reimbursement of actual out-of-pocket expenses) to the defending Party, management employees of the non-defending
    Party as may be reasonably necessary for the preparation of the defense of such Third-Party Claim.

 

    	 	33	 

    	 

    

 

	 	(b)	Notwithstanding
    any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of any Third-Party Claim without
    the prior written consent of the Indemnified Party, except as provided in this Section 11.02(b). If a firm offer is made to
    settle a Third-Party Claim without leading to liability or the creation of a financial or other obligation on the part of
    the Indemnified Party and provides, in customary form, for the unconditional release of each Indemnified Party from all liabilities
    and obligations in connection with such Third-Party Claim and the Indemnifying Party desires to accept and agree to such offer,
    the Indemnifying Party shall give written notice to that effect to the Indemnified Party. If the Indemnified Party fails to
    consent to such firm offer within ten days after its receipt of such notice, the Indemnified Party may continue to contest
    or defend such Third-Party Claim and in such event, the maximum liability of the Indemnifying Party as to such Third-Party
    Claim shall not exceed the amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer and
    also fails to assume defense of such Third-Party Claim, the Indemnifying Party may settle the Third-Party Claim upon the terms
    set forth in such firm offer to settle such Third-Party Claim. If the Indemnified Party has assumed the defense pursuant to
    Section 11.02(a), it shall not agree to any settlement without the written consent of the Indemnifying Party (which consent
    shall not be unreasonably withheld or delayed).
	 	 	 
	 	(c)	Any
    Action by an Indemnified Party on account of a Loss which does not result from a Third-Party Claim (a “Direct Claim”)
    shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in
    any event not later than thirty (30) calendar days after the Indemnified Party becomes aware of such Direct Claim. The failure
    to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations.
    Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material
    written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or
    may be sustained by the Indemnified Party. The Indemnifying Party shall have thirty (30) calendar days after its receipt of
    such notice to respond in writing to such Direct Claim. The Indemnified Party shall allow the Indemnifying Party and its professional
    advisors to investigate the matter or circumstance alleged to give rise to the Direct Claim, and whether and to what extent
    any amount is payable in respect of the Direct Claim and the Indemnified Party shall assist the Indemnifying Party’s
    investigation by giving such information and assistance as the Indemnifying Party or any of its professional advisors may
    reasonably request. If the Indemnifying Party does not so respond within such thirty (30) calendar day period, the Indemnifying
    Party shall be deemed to have rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies
    as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement.
	 	 	 
	 	(d)	Upon
    a reasonable request made by the Indemnifying Party, each Indemnified Party seeking indemnification hereunder in respect of
    any Direct Claim, hereby agrees to consult with the Indemnifying Party and act reasonably to take actions reasonably requested
    by the Indemnifying Party in order to attempt to reduce the amount of Losses in respect of such Direct Claim. Any costs or
    expenses associated with taking such actions shall be included as Losses hereunder.

 

    	 	34	 

    	 

    

 

Section
11.03 Certain Limitations. The indemnification provided for in this Article XI shall be subject to the following limitations:

 

	 	(a)	The
    Shareholders, collectively, shall not be liable to the Shareholder Indemnified Parties for indemnification under Section 11.01(a)
    until the aggregate amount of all Losses, collectively with respect to all of the Shareholder Indemnified Parties, in respect
    of indemnification under Section 11.01(a) exceeds $10,000 (the “Basket”), in which event the Shareholders shall,
    collectively, be required to pay or be liable for all such Losses in excess of the Basket, provided that the Parties acknowledge
    and agree that the maximum liability of the Shareholders, collectively, for indemnification pursuant to this Article XI shall
    be the sum of $100,000 (the “Cap”), and the Shareholders, collectively, shall not have any liability to the Shareholder
    Indemnified Parties, collectively, in excess of the Cap.
	 	 	 
	 	(b)	Mr.
    Conway shall not be liable to the Conway Indemnified Parties for indemnification under Section 11.01(b) until the aggregate
    amount of all Losses, collectively with respect to all of the Conway Indemnified Parties, in respect of indemnification under
    Section 11.01(b) exceeds the Basket, in which event Mr. Conway shall be required to pay or be liable for all such Losses in
    excess of the Basket, provided that the Parties acknowledge and agree that the maximum liability of Mr. Conway for indemnification
    pursuant to this Article XI shall be the Cap, and Mr. Conway shall not have any liability to the Conway Indemnified Parties,
    collectively, in excess of the Cap.
	 	 	 
	 	(c)	Liberated
    shall not be liable to the Liberated Indemnified Parties for indemnification under Section 11.01(c) until the aggregate amount
    of all Losses, collectively with respect to all of the Liberated Indemnified Parties, in respect of indemnification under
    Section 11.01(c) exceeds the Basket, in which event Liberated shall be required to pay or be liable for all such Losses in
    excess of the Basket, provided that the Parties acknowledge and agree that the maximum liability of Liberated for indemnification
    pursuant to this Article XI shall be the Cap, and Liberated shall not have any liability to the Liberated Indemnified Parties,
    collectively, in excess of the Cap.

 

Section
11.04 Payments. Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this
Article XI or otherwise pursuant to this Agreement, the Indemnifying Party shall satisfy its indemnification obligations within
fifteen (15) Business Days of such agreement or adjudication. Any indemnification required by this Article XI for costs, disbursements
or expenses of any Indemnified Party in connection with investigating, preparing to defend or defending any Third-Party Action
or Direct Claim shall be made by periodic payments by the Indemnifying Party to each Indemnified Party during the course of the
investigation or defense, as and when bills are received or costs, disbursements or expenses are incurred.

 

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

 

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

 

    	 	35	 

    	 

    

 

Section
11.07 Exclusive Remedy. The indemnification provisions contained in this Article XI shall be the sole and exclusive remedy
of the Parties with respect to the Transactions for any and all breaches or alleged breaches of any representations, warranties,
covenants or agreements of the Parties hereto or any other provision of this Agreement or arising out of the Transactions, except
(i) with respect to any equitable remedy to which such Party may be entitled to with respect to any claims or causes of action
arising from the breach of any covenants or agreement of a Party that is to be performed subsequent to the Closing Date, or (ii)
with respect to a Party, an actual and intentional fraud with respect to this Agreement and the Contemplated Transactions. In
furtherance of the foregoing, each Party hereto, for itself and on behalf of its Affiliates, hereby waives, from and after the
Closing, to the fullest extent permitted under applicable law and except as otherwise specified in this Article XI, any and all
rights, claims and causes of action it may have against any other Party hereto relating to the subject matter of this Agreement
or any other agreement, certificate or other document or instrument delivered pursuant to this Agreement, arising under or based
upon any applicable law.

 

Section
11.08 Time Limit. The obligations of the Parties under this Article XI shall expire two (2) years from the Closing Date,
except with respect to (i) an indemnification claim asserted in accordance with the provisions of this Article XI which remains
unresolved, for which the obligation to indemnify shall continue until such claim is resolved; and (ii) resolved claims for which
payment has not yet been paid to the indemnified Party.

 

Article
XII. DISPUTE RESOLUTION

 

Section
12.01 Arbitration.

 

	 	(a)	The
    Parties shall promptly submit any dispute, claim, or controversy arising out of or relating to any Transaction Document (including
    with respect to the meaning, effect, validity, termination, interpretation, performance, or enforcement of any other Transaction
    Document) or any alleged breach thereof (including any action in tort, contract, equity, or otherwise), to binding arbitration
    before one arbitrator (the “Arbitrator”). Binding arbitration shall be the sole means of resolving any dispute,
    claim, or controversy arising out of or relating to any Transaction Document (including with respect to the meaning, effect,
    validity, termination, interpretation, performance or enforcement of any Transaction Document) or any alleged breach thereof
    (including any claim in tort, contract, equity, or otherwise).
	 	 	 
	 	(b)	If
    the Parties to the Dispute cannot agree upon the Arbitrator within ten (10) Business Days of the commencement of the efforts
    to so agree on an Arbitrator, each Party which is a party to the Dispute shall select one arbitrator and the arbitrators so
    selected shall select the sole Arbitrator who shall hear and resolve the Dispute.
	 	 	 
	 	(c)	The
    laws of the State of Nevada shall apply to any arbitration hereunder. In any arbitration hereunder, this Agreement and any
    agreement contemplated hereby shall be governed by the laws of the State of Nevada applicable to a contract negotiated, signed,
    and wholly to be performed in the State of Nevada, which laws the Arbitrator shall apply in rendering his decision. The Arbitrator
    shall issue a written decision, setting forth findings of fact and conclusions of law, within sixty (60) days after he shall
    have been selected. The Arbitrator shall have no authority to award punitive or other exemplary damages.

 

    	 	36	 

    	 

    

 

	 	(d)	The
    arbitration shall be held in Dallas, Texas in accordance with and under the then-current provisions of the rules of the American
    Arbitration Association, except as otherwise provided herein.
	 	 	 
	 	(e)	On
    application to the Arbitrator, any Party shall have rights to discovery to the same extent as would be provided under the
    Federal Rules of Civil Procedure, and the Federal Rules of Evidence shall apply to any arbitration under any Transaction Document;
    provided, however, that the Arbitrator shall limit any discovery or evidence such that his decision shall be rendered within
    the period referred to in Section 12.01(c).
	 	 	 
	 	(f)	The
    Arbitrator may, at his discretion and at the expense of the Party who will bear the cost of the arbitration, employ experts
    to assist him in his determinations.
	 	 	 
	 	(g)	The
    costs of the arbitration proceeding and any proceeding in court to confirm any arbitration award or to obtain relief, as applicable
    (including actual attorneys’ fees and costs), shall be borne by the unsuccessful Party and shall be awarded as part
    of the Arbitrator’s decision, unless the Arbitrator shall otherwise allocate such costs in such decision. The determination
    of the Arbitrator shall be final and binding upon the Parties and not subject to appeal.
	 	 	 
	 	(h)	Any
    judgment upon any award rendered by the Arbitrator may be entered in and enforced by any court of competent jurisdiction.
    The Parties expressly consent to the exclusive jurisdiction of the Federal and State of Texas courts located in Dallas County,
    Texas to enforce any award of the Arbitrator or to render any provisional, temporary, or injunctive relief in connection with
    or in aid of the Arbitration. The Parties expressly consent to the personal and subject matter jurisdiction of the Arbitrator
    to arbitrate any and all matters to be submitted to arbitration hereunder. None of the Parties hereto shall challenge any
    arbitration hereunder on the grounds that any party necessary to such arbitration (including the Parties) shall have been
    absent from such arbitration for any reason, including that such Party shall have been the subject of any bankruptcy, reorganization,
    or insolvency proceeding.

 

Section
12.02 Waiver of Jury Trial; Exemplary Damages.

 

	 	(a)	EACH
    PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
    ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO ANY TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
    HEREIN (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT
    OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION,
    SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER
    INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 12.02(a).

 

    	 	37	 

    	 

    

 

	 	(b)	Each
    of the Parties acknowledge that each has been represented in connection with the signing of this waiver by independent legal
    counsel selected by the respective Party and that such Party has discussed the legal consequences and import of this waiver
    with legal counsel. Each of the Parties further acknowledge that each has read and understands the meaning of this waiver
    and grants this waiver knowingly, voluntarily, without duress and only after consideration of the consequences of this waiver
    with legal counsel.

 

Article
XIII. MISCELLANEOUS

 

Section
13.01 Brokers. The Parties agree that there were no finders or brokers involved in bringing the Parties together or
who were instrumental in the negotiation, execution or consummation of this Agreement. Each Party agrees to indemnify each
other Party against any claim by any Person for any commission, brokerage, or finder’s fee arising from the
Transactions based on any alleged agreement or understanding between the indemnifying Party and such Person, whether express
or implied from the actions of the indemnifying Party.

 

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

 

Section
13.03 Notices.

 

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

 

If
to any of the Shareholders: 

 

Clifford
Rhee

5430
LBJ Freeway Suite 1200

Dallas,
TX 75240 

Email:
cliff.rhee@ngen-tech.com

 

    	 	38	 

    	 

    

 

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

 

Anthony
L.G., PLLC

Attn:
John Cacomanolis

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL 33401

Email:
jcacomanolis@anthonypllc.com

 

If
to Liberated: 

 

Liberated
Solutions, Inc.

Attn:
Chief Executive Officer

17701
E 36th Street CTS

Independence,
MO 64055

 

With
copies, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
John Cacomanolis

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL 33401

Email:
jcacomanolis@anthonypllc.com

 

And

 

BRUNSON
CHANDLER & JONES, PLLC

Attn:
Chase Chandler

175
S. Main Street, Suite 1410

Salt
Lake City, UT 84111

Email:
chase@bcjlaw.com

 

If
to Mr. Conway:

 

Brian
Conway

c/o
BRUNSON CHANDLER & JONES, PLLC

Attn:
Chase Chandler

175
S. Main Street, Suite 1410

Salt
Lake City, UT 84111

Email:
bconway1@warwick.net

 

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

 

    	 	39	 

    	 

    

 

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

 

Section
13.05 Confidentiality. Each Party agrees that, unless and until the transactions contemplated
by the Transaction Documents have been consummated, it and its Representatives will hold in strict confidence all data and information
obtained with respect to another Party or any subsidiary thereof from any Representative, officer, director or employee, or from
any books or records or from personal inspection, of such other Party, and shall not use such data or information or disclose
the same to others, except (i) to the extent such data or information is published, is a matter of public knowledge, or is required
by Law to be published; or (ii) to the extent that such data or information must be used or disclosed in order to consummate the
transactions contemplated by the Transaction Documents.

 

Section
13.06 Public Announcements and Filings. Unless required by applicable Law or regulatory authority, none of the Parties
will issue any report, statement or press release to the general public, to the trade, to the general trade or trade press, or
to any third party (other than its advisors and Representatives in connection with the Transactions) or file any document, relating
to this Agreement and the Transactions, except as may be mutually agreed by the Parties. Copies of any such filings, public announcements
or disclosures, including any announcements or disclosures mandated by Law or regulatory authorities, shall be delivered to each
Party at least one (1) business day prior to the release thereof.

 

Section
13.07 Third Party Beneficiaries. This contract is strictly between the Parties and, except as specifically provided, no
other Person and no director, officer, stockholder (other than the Shareholders), employee, agent, independent contractor or any
other Person shall be deemed to be a third-party beneficiary of this Agreement.

 

Section
13.08 Expenses. Whether or not the Transactions are consummated, each Party will bear its own respective expenses, including
legal, accounting and professional fees, incurred in connection with the Transactions, other than as specifically set forth herein.

 

Section
13.09 Entire Agreement. This
Agreement, the Purchase Agreement and the other Transaction Documents represent the entire agreement between the Parties relating
to the subject matter thereof and supersedes all prior agreements, understandings and negotiations, written or oral, with respect
to such subject matter.

 

Section
13.10 Survival; Termination. The representations, warranties and covenants and agreements of the Parties shall survive
the Closing Date and the consummation of the Transactions for a period of two years.

 

    	 	40	 

    	 

    

 

Section
13.11 Amendment; Waiver; Remedies; Agent.

 

	 	(a)	This
    Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms, covenants, representations,
    warranties or conditions hereof may be waived, only by a written instrument executed all of the Parties.
	 	 	 
	 	(b)	Every
    right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law,
    or in equity, and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by
    the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing,
    except as otherwise specifically set forth herein. 
	 	 	 
	 	(c)	Neither
    any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor
    any course of dealing shall constitute a waiver of or prevent any Party from enforcing any right or remedy or from requiring
    satisfaction of any condition. No notice to or demand on a Party waives or otherwise affects any obligation of that Party
    or impairs any right of the Party giving such notice or making such demand, including any right to take any action without
    notice or demand not otherwise required by any Transaction Document. No exercise of any right or remedy with respect to a
    breach of any Transaction Document shall preclude exercise of any other right or remedy, as appropriate to make the aggrieved
    Party whole with respect to such breach, or subsequent exercise of any right or remedy with respect to any other breach.
	 	 	 
	 	(d)	Notwithstanding
    anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential, punitive or exemplary
    damages, under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of any Transaction
    Document or any provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

Section
13.12 Counsel. Each of the Parties acknowledge and recognize that Anthony L.G., PLLC and its attorneys have acted as legal
counsel to Ngen, the Shareholders and Liberated, and their respective Affiliates and Representatives prior to the Effective Date,
and Anthony L.G., PLLC and its attorneys will continue to act as legal counsel to Liberated, Ngen and the Shareholders after the
Closing Date. Each of the Parties waives, on each of their own behalf and agrees to cause any Affiliates, subsidiaries, members,
shareholders, agents, Representatives or partners of each of the forgoing to waive, any conflicts that may arise in connection
with Anthony L.G., PLLC and its attorneys representing Liberated, Ngen and the Shareholders after the Closing Date. Without limiting
the generality of the foregoing, the Parties agree that no Party or any of their respective Affiliates or Representatives shall
seek to have Anthony L.G., PLLC or its attorneys disqualified from representing any Party or any of their respective Affiliates
or Representatives in any dispute (whether in contract or tort) or any other matter that may arise between the Parties or any
other parties following the Effective Date, including any matter based upon, arising out of or related to any Transaction Document
or any of the Transactions, in whole or in part. The Parties hereto agree to take, and to cause their respective Affiliates and
Representatives to take, all commercially reasonable steps necessary to implement the intent of this Section 13.12. Each of the
Parties each acknowledges that it has had the opportunity to discuss and obtain adequate information concerning the significance
and material risks of, and reasonable available alternatives to, the waivers, permissions and other provisions of any Transaction
Document, including the opportunity to consult with counsel other than Anthony L.G., PLLC and its attorneys, and that Anthony
L.G., PLLC has recommended to each of the Parties that they do so.

 

    	 	41	 

    	 

    

 

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

 

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

 

Section
13.15 No Assignment or Delegation. No
Party may assign any right or delegate any obligation hereunder, including by merger, consolidation, operation of law, or otherwise,
without the written consent of the all of the other Parties and any purported assignment or delegation without such consent shall
be void, in addition to constituting a material breach of this Agreement. Each Transaction Document shall be binding on the permitted
successors and assigns of the parties hereto or thereto.

 

Section
13.16 Commercially Reasonable Efforts. Subject to the terms and conditions herein provided, each Party shall use their
respective commercially reasonable efforts to perform or fulfill all conditions and obligations to be performed or fulfilled by
it under the Transaction Documents so that the Transactions shall be consummated as soon as practicable, and to take, or cause
to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and regulations
to consummate and make effective this Agreement and the Transactions.

 

Section
13.17 Further Assurances. Each Party shall execute and deliver such documents and take such action, as may reasonably be
considered within the scope of such Party’s obligations hereunder, necessary to effectuate the Transactions.

 

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

 

Section
13.19 Counterparts. This Agreement may be executed in multiple counterparts, each of
which shall be deemed an original and all of which taken together shall be but a single instrument. The execution and delivery
of a facsimile or other electronic transmission of a signature to this Agreement shall constitute delivery of an executed original
and shall be binding upon the person whose signature appears on the transmitted copy.

 

[Signatures
Appear on Following Page]

 

    	 	42	 

    	 

    

 

In
witness whereof, the Parties have executed this Agreement as of the Effective Date.

 

	 	Liberated
    Solutions, Inc.
	 	 	 
	 	By:	/s/
    Brian Conway
	 	Name:	Brian
    Conway
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	Clifford
    Rhee
	 	 	 
	 	By:	/s/
    Clifford Rhee
	 	Name:	Clifford
    Rhee
	 	 	 
	 	Edward
    Carter
	 	 	 
	 	By:	/s/
    Edward Carter
	 	Name:	Edward
    Carter
	 	 	 
	 	Peter
    Zimeri 
	 	 	 
	 	By:	/s/
    Peter Zimeri
	 	Name:	Peter
    Zimeri
	 	 	 
	 	Brian
    Conway
	 	 	 
	 	By:	/s/
    Brian Conway
	 	Name:	Brian
    Conway

 

    	 	43	 

    	 

    

 

Exhibit
A

 

IRREVOCABLE
STOCK POWER

Liberated
Solutions, Inc.

 

[Mr.
Conway to Liberated Solutions, Inc.]

 

FOR
VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, Brian Conway (“Seller”) hereby assigns, transfers,
and conveys to Liberated Solutions, Inc., a Nevada corporation (the “Company”), all of Seller’s right, title,
and interest in and to two hundred and fifty thousand (250,000) shares of Series X Preferred Stock, par value $0.001 per share,
of the Company and hereby irrevocably appoints the Secretary and the Chief Executive Officer of the Company, and each of them,
as Seller’s attorney-in-fact to transfer said shares on the books of the Company, with full power of substitution in the
premises.

 

Date:
_______________________, 2019

 

	Seller
    Name:  Brian Conway	 
	 	 	 
	By:	 	 
	Name:	Brian
    Conway	 

 

    	 

    	 

    

 

Exhibit
B-1

 

IRREVOCABLE
STOCK POWER

Ngen
Technologies USA Corp

 

[Mr.
Rhee to Liberated Solutions, Inc.]

 

FOR
VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, Clifford Rhee (“Seller”) hereby assigns, transfers,
and conveys to Liberated Solutions, Inc., a Nevada corporation, all of Seller’s right, title, and interest in and to four
million, nine hundred and fifty thousand (4,950,000) shares of common stock, no par value per share, of Ngen Technologies USA
Corp, a Texas corporation (the “Company”) and hereby irrevocably appoints the Secretary and the Chief Executive Officer
of the Company, and each of them, as Seller’s attorney-in-fact to transfer said shares on the books of the Company, with
full power of substitution in the premises.

 

Date:
_______________________, 2019

 

	Seller
    Name:  Clifford Rhee	 
	 	 	 
	By:	 	 
	Name:	Clifford
    Rhee	 

 

    	 

    	 

    

 

Exhibit
B-2

 

IRREVOCABLE
STOCK POWER

Ngen
Technologies USA Corp

 

[Mr.
Carter to Liberated Solutions, Inc.]

 

FOR
VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, Edward Carter (“Seller”) hereby assigns, transfers,
and conveys to Liberated Solutions, Inc., a Nevada corporation, all of Seller’s right, title, and interest in and to four
million, nine hundred and fifty thousand (4,950,000) shares of common stock, no par value per share, of Ngen Technologies USA
Corp, a Texas corporation (the “Company”) and hereby irrevocably appoints the Secretary and the Chief Executive Officer
of the Company, and each of them, as Seller’s attorney-in-fact to transfer said shares on the books of the Company, with
full power of substitution in the premises.

 

Date:
_______________________, 2019

 

	Seller
    Name:  Edward Carter	 
	 	 	 
	By:	 	 
	Name:	Edward
    Carter 	 

 

    	 

    	 

    

 

Exhibit
B-3

 

IRREVOCABLE
STOCK POWER

Ngen
Technologies USA Corp

 

[Mr.
Zimeri to Liberated Solutions, Inc.]

 

FOR
VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, Peter Zimeri (“Seller”) hereby assigns, transfers,
and conveys to Liberated Solutions, Inc., a Nevada corporation, all of Seller’s right, title, and interest in and to one
hundred thousand (100,000) shares of common stock, no par value per share, of Ngen Technologies USA Corp, a Texas corporation
(the “Company”) and hereby irrevocably appoints the Secretary and the Chief Executive Officer of the Company, and
each of them, as Seller’s attorney-in-fact to transfer said shares on the books of the Company, with full power of substitution
in the premises.

 

Date:
_______________________, 2019

 

	Seller
    Name:  Peter Zimeri	 
	 	 	 
	By:	 	 
	Name:	Peter
    Zimeri	 

 

    	 

    	 

    

 

Exhibit
C

 

Redemption
Agreement

(Attached)

 

    	 	2	 

    	 

    

 

STOCK
REDEMPTION AGREEMENT

Dated
as of [________], 2019

 

This
Stock Redemption Agreement (this “Agreement”), dated as of the date first set forth above (the “Effective Date”),
is entered into by and between Liberated Solutions, Inc., a Nevada corporation (the “Company”) and Brian Conway (“Shareholder”).

RECITALS

 

WHEREAS,
Shareholder is the owner of 250,000 shares of Series X Preferred Stock, par value $0.001 per share, of the Company (the “Series
X Stock”);

 

WHEREAS,
pursuant to the terms and conditions of this Agreement, Shareholder desires to sell, and the Company desires to purchase, all
of the Shareholder’s rights, title, and interest in and to such 250,000 shares of Series X Stock (the “Shares”)
as further described herein; and

 

WHEREAS,
in connection with the redemption of the Shares, the parties hereto shall undertake such further actions as set forth herein.

 

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

 

	1.	Agreement
    to Purchase and Sell. Subject to the terms and conditions of this Agreement, Shareholder shall sell, assign, transfer,
    convey, and deliver to the Company, and the Company shall accept and purchase, the Shares and any and all rights in the Shares
    to which Shareholder is entitled, and by doing so Shareholder shall be deemed to have assigned all of Shareholder’s
    rights, titles and interest in and to the Shares to the Company. Following the Closing (as defined below) the parties hereto
    acknowledge and agree that Shareholder holds no shares of any preferred stock of the Company. 
	 	 
	2.	Consideration.
    The consideration for the acquisition of the Shares shall be a total purchase price of $25,000.00 (the “Redemption
    Price”) and the issuance to Shareholder of [_____________] shares of common stock, par value $0.001 per share, of Liberated
    (the “Liberated Common Stock”), constituting 2% of the issued and outstanding shares of Liberated Common Stock
    as of the Closing (the “Payment Shares”).

 

	3.	Closing;
    Deliveries; Additional Actions.

 

	 	3.1.	Closing.
    The purchase and sale of the Shares (the “Closing”) shall be held on the date hereof. 
	 	 	 
	 	3.2.	Deliveries
    at Closing. At the Closing:

 

	 	3.2.1.	Shareholder
    shall deliver to the Company the Stock Power as attached hereto as Exhibit A, duly endorsed by Shareholder; and
	 	 	 
	 	3.2.2.	the
    Company shall deliver to Shareholder the Redemption Price via a check and record Shareholder in the books and records of the
    Company as the owner of the Payment Shares. 

 

    	 	3	 

    	 

    

 

	4.	Representations
    and Warranties of the Shareholder. Shareholder represents and warrants to the Company as set forth below.

 

	 	4.1.	Right
    and Title to Shares. Shareholder legally and beneficially owns the Shares and no other party has any rights therein or
    thereto. There are no liens or other encumbrances of any kind on the Shares and Shareholder has the sole right to dispose
    of the Shares. There are no outstanding options, warrants or other similar agreements with respect to the Shares. 
	 	 	 
	 	4.2.	Organization
    and Standing. Shareholder is natural person and has all requisite power and authority to own its properties and conduct
    its business as it is now being conducted. 
	 	 	 
	 	4.3.	Due
    Authority; No Violation. Shareholder has all requisite rights and authority or the capacity to execute, deliver and perform
    its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions
    contemplated hereby have been duly and validly authorized by all necessary action on the part of Shareholder, and no other
    proceedings on the part of such party are necessary to authorize the execution, delivery and performance of this Agreement
    or the transactions contemplated hereby or thereby on the part of Shareholder. The execution, delivery and performance of
    this Agreement will not (x) violate, conflict with, or result in the breach, acceleration, default or termination of, or otherwise
    give any other contracting party the right to terminate, accelerate, modify or cancel any of the terms, provisions, or conditions
    of any material agreement or instrument to which Shareholder is a party or by which it or its assets may be bound or (y) constitute
    a violation of any material applicable law, rule or regulation, or of any judgment, order, injunctive award or decree of any
    governmental authority applicable to Shareholder or (z) conflict with, result in the breach or termination of any provision
    of, or constitute a default under (in each case whether with or without the giving of notice or the lapse of time, or both)
    Shareholder’s organizational or operating documents or any order, judgment, arbitration award, or decree to which such
    Shareholder is a party or by which it or any of its assets or properties are bound.
	 	 	 
	 	4.4.	Approvals.
    No approval, authority, or consent of or filing by Shareholder with, or notification to, any governmental authority, is necessary
    to authorize the execution and delivery of this Agreement or the consummation of the transactions contemplated herein.
	 	 	 
	 	4.5.	Enforceability.
    This Agreement has been duly executed and delivered by Shareholder and, assuming that this Agreement constitutes the legal,
    valid and binding obligation of the Company, constitutes the legal, valid, and binding obligation of Shareholder, enforceable
    against Shareholder in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable
    bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws of general application affecting
    enforcement of creditors’ rights generally. 

 

    	 	4	 

    	 

    

 

	5.	Representations
    and Warranties of the Company. The Company represents and warrants to Shareholder as set forth below.

 

	 	5.1.	Organization
    and Standing. The Company is duly organized, validly existing, and in good standing under the laws of the State of Nevada
    and has all requisite power and authority to own its properties and conduct its business as it is now being conducted. The
    nature of the business and the character of the properties the Company owns or leases do not make licensing or qualification
    of such party as a foreign entity necessary under the laws of any other jurisdiction, except to the extent such licensing
    or qualification have already been obtained. 
	 	 	 
	 	5.2.	Due
    Authority; No Violation. The Company has all requisite rights and authority or the capacity to execute, deliver and perform
    its obligations under this Agreement. The execution and delivery of this Agreement and the consummation of the transactions
    contemplated hereby have been duly and validly authorized by all necessary action on the part of the Company, and no other
    proceedings on the part of such party are necessary to authorize the execution, delivery and performance of this Agreement
    or the transactions contemplated hereby or thereby on the part of the Company. The execution, delivery and performance of
    this Agreement will not (x) violate, conflict with, or result in the breach, acceleration, default or termination of, or otherwise
    give any other contracting party the right to terminate, accelerate, modify or cancel any of the terms, provisions, or conditions
    of any material agreement or instrument to which the Company is a party or by which it or its assets may be bound or (y) constitute
    a violation of any material applicable law, rule or regulation, or of any judgment, order, injunctive award or decree of any
    governmental authority applicable to the Company or (z) conflict with, result in the breach or termination of any provision
    of, or constitute a default under (in each case whether with or without the giving of notice or the lapse of time, or both)
    the Company’s organizational documents, or any order, judgment, arbitration award, or decree to which such the Company
    is a party or by which it or any of its assets or properties are bound.
	 	 	 
	 	5.3.	Approvals.
    No approval, authority, or consent of or filing by the Company with, or notification to, any governmental authority, is necessary
    to authorize the execution and delivery of this Agreement or the consummation of the transactions contemplated herein.
	 	 	 
	 	5.4.	Enforceability.
    This Agreement has been duly executed and delivered by the Company and, assuming that this Agreement constitutes the legal,
    valid and binding obligation of Shareholder, constitutes the legal, valid, and binding obligation of the Company, enforceable
    against the Company in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable
    bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and other similar laws of general application affecting
    enforcement of creditors’ rights generally. 

 

	6.	Covenants
    and Agreements. 

 

	 	6.1.	Each
    of the parties hereto, as promptly as practicable, shall make, or cause to be made, all filings and submissions under laws
    applicable to it and its affiliates, as may be required for it to consummate the transactions contemplated hereby and shall
    use its commercially reasonable efforts to obtain, or cause to be obtained, all other authorizations, approvals, consents
    and waivers from all persons and governmental authorities necessary to be obtained by it or its affiliates, in order for it
    to consummate such transactions, at the cost of the party required to file or submit the same. Notwithstanding anything to
    the contrary herein, nothing herein shall require, or be construed to require, any party to agree to hold separate or to divest
    any of the businesses, product lines or assets.

 

    	 	5	 

    	 

    

 

	 	6.2.	Each
    party hereto shall promptly inform the other parties of any material communication from any governmental authority regarding
    any of the transactions contemplated by this Agreement and shall promptly furnish the other parties with copies of substantive
    notices or other communications received from any third party or any governmental authority with respect to such transactions.
    Each party shall agree on the content of any proposed substantive written communication or submission or any oral communication
    to any governmental authority. If any party or any affiliate thereof receives a request for additional information or documentary
    material from any such governmental authority with respect to the transactions contemplated by this Agreement, then such party
    will endeavor in good faith to make, or cause to be made, as soon as reasonably practicable and after consultation with the
    other parties, an appropriate response in compliance with such request. The parties shall, to the extent practicable, provide
    the other parties and their counsel with advance notice of and the opportunity to participate in any substantive discussion,
    telephone call or meeting with any governmental authority in respect of any filing, investigation or other inquiry in connection
    with the transactions contemplated by this Agreement and to participate in the preparation for such discussion, telephone
    call or meeting, to the extent not prohibited by the governmental authority. 
	 	 	 
	 	6.3.	Each
    of the parties shall execute such documents and perform such further acts as may be reasonably required to carry out the provisions
    hereof and the actions contemplated hereby. 

 

	7.	Miscellaneous.

 

	 	7.1.	Further
    Assurances. From time to time, whether at or following the Closing, each party shall make reasonable commercial efforts
    to take, or cause to be taken, all actions, and to do, or cause to be done, all things reasonably necessary, proper or advisable,
    including as required by applicable laws, to consummate and make effective as promptly as practicable the transactions contemplated
    by this Agreement.
	 	 	 
	 	7.2.	Expenses.
    Each of the parties shall pay its own costs that it incurs incident to the preparation, execution, and delivery of this Agreement
    and the performance of any related obligations, whether or not the transactions contemplated by this Agreement shall be consummated.
    
	 	 	 
	 	7.3.	Fees.
    Each party hereto agrees to pay the costs and expenses, including reasonable attorneys’ fees, incurred by the prevailing
    party in litigation, arbitration, administrative proceeding or any other proceeding related to the enforcement or interpretation
    of any of the terms of this Agreement. 
	 	 	 
	 	7.4.	Consequential
    Damages. EACH PARTY HERETO WAIVES ANY AND ALL CLAIMS AGAINST THE OTHER FOR ANY LOSS, COST, DAMAGE, EXPENSE, INJURY OR
    OTHER LIABILITY WHICH IS IN THE NATURE OF INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES WHICH ARE SUFFERED
    OR INCURRED AS THE RESULT OF, ARISE OUT OF, OR ARE IN ANY WAY CONNECTED TO THE PERFORMANCE OF THE OBLIGATIONS UNDER THIS AGREEMENT.

 

    	 	6	 

    	 

    

 

	 	7.5.	Representations
    and Warranties. All representations, warranties, and agreements made by the parties pursuant to this Agreement shall survive
    the consummation of the transactions contemplated herein until the expiration of the applicable statute of limitations.
	 	 	 
	 	7.6.	Notices.
    All notices or other communications required or permitted hereunder shall be in writing shall be deemed duly given (a) if
    by personal delivery, when so delivered, (b) if mailed, three (3) business days after having been sent by registered or certified
    mail, return receipt requested, postage prepaid and addressed to the intended recipient as set forth below, or (c) if sent
    through an overnight delivery service in circumstances to which such service guarantees next day delivery, the day following
    being so sent to the addresses of the parties as indicated on the signature page hereto; or (d) if sent via email, when sent
    with return receipt requested and received, in each case to the addresses as set forth below. Any party may change the address
    to which notices and other communications hereunder are to be delivered by giving the other parties notice in the manner herein
    set forth.

 

If
to the Company, to:

 

Liberated
Solutions, Inc.

17701
E 36th Street CT S

Independence,
MO 64055

 

If
to Shareholder, to:

 

Brian
Conway

c/o
BRUNSON CHANDLER & JONES, PLLC

Attn:
Chase Chandler

175
S. Main Street, Suite 1410

Salt
Lake City, UT 84111

Email:
bconway1@warwick.net

 

	 	7.7.	Choice
    of Law. This Agreement shall be governed, construed and enforced in accordance with the laws of the State of Nevada, without
    giving effect to principles of conflicts of law. 
	 	 	 
	 	7.8.	Waiver
    of Jury Trial. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
    TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
    CONTEMPLATED HEREIN. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED,
    EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
    AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS,
    THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.8.
	 	 	 
	 	7.9.	Assignment.
    This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their permitted successors
    and assigns. No party to this Agreement may assign or delegate, by operation of law or otherwise, all or any portion of its
    rights, obligations or liabilities under this Agreement without the prior written consent of the other parties to this Agreement,
    which any such party may withhold in its absolute discretion.

 

    	 	7	 

    	 

    

 

	 	7.10.	No
    Third Party Beneficiaries. Nothing in this Agreement shall confer any rights, remedies or claims upon any Person or entity
    not a party or a permitted assignee of a party to this Agreement.
	 	 	 
	 	7.11.	Specific
    Performance. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this
    Agreement were not performed by them in accordance with the terms hereof or were otherwise breached and that each party hereto
    shall be entitled to an injunction or injunctions, specific performance and other equitable relief to prevent breaches of
    the provisions hereof and to enforce specifically the terms and provisions hereof, without the proof of actual damages, in
    addition to any other remedy to which they are entitled at law or in equity. Each party agrees to waive any requirement for
    the security or posting of any bond in connection with any such equitable remedy, and agrees that it will not oppose the granting
    of an injunction, specific performance or other equitable relief on the basis that (a) any other party has an adequate remedy
    at law, or (b) an award of specific performance is not an appropriate remedy for any reason at law or equity.
	 	 	 
	 	7.12.	Entire
    Agreement. This Agreement represents the entire understanding and agreement between the parties regarding the subject
    matter hereof and supersede all prior agreements, representations, warranties, and negotiations between the parties. This
    Agreement may be amended, supplemented, or changed only by an agreement in writing that makes specific reference to this Agreement
    or the agreement delivered pursuant to it, and must be signed by all of the parties hereto. This Agreement may not be amended
    by email or other electronic communications.
	 	 	 
	 	7.13.	Interpretation.
    The parties have jointly participated in the drafting and negotiation of this Agreement and if an ambiguity or question of
    interpretation should arise, this Agreement shall be construed as if drafted jointly by the parties thereto and no presumption
    of burden of proof shall arise favoring or burdening any party by virtue of the authorship of any provision in this Agreement.
	 	 	 
	 	7.14.	Severability.
    Whenever possible, each provision of this Agreement shall be interpreted in a manner to be effective and valid under applicable
    law, but if one or more of the provisions of this Agreement is subsequently declared invalid or unenforceable, the invalidity
    or unenforceability shall not in any way affect the validity or enforceability of the remaining provisions of this Agreement.
    In the event of the declaration of invalidity or unenforceability, this Agreement, as modified, shall be applied and construed
    to reflect substantially the intent of the parties and achieve the same economic effect as originally intended by its terms.
    In the event that the scope of any provision to this Agreement is deemed unenforceable by a court of competent jurisdiction,
    or by an arbitrator, the parties agree to the reduction of the scope of the provision as the court or arbitrator shall deem
    reasonably necessary to make the provision enforceable under the circumstances.
	 	 	 
	 	7.15.	Headings.
    The headings contained in this Agreement are intended solely for convenience and shall not affect the rights of the parties
    to this Agreement.
	 	 	 
	 	7.16.	Waiver.
    Waiver of any term or condition of this Agreement by any party shall only be effective if in writing and shall not be construed
    as a waiver of any subsequent breach or failure of the same term or condition, or a waiver of any other term or condition
    of this Agreement.
	 	 	 
	 	7.17.	Counterparts.
    This Agreement may be signed in any number of counterparts with the same effect as if the signature on each counterpart were
    on the same instrument.

 

[Remainder
of page intentionally left blank – Signature pages follow]

 

    	 	8	 

    	 

    

 

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

 

	 	Liberated
    Solutions, Inc.
	 	 	 
	 	By:	 
	 	Name:	
	 	Title:	 
	 	 	 
	 	Brian
    Conway
	 	 	 
	 	By:	
	 	Name:	Brian
    Conway 

 

    	 	9	 

    	 

    

 

Exhibit
A

IRREVOCABLE
STOCK POWER

Liberated
Solutions, Inc. 

 

FOR
VALUABLE CONSIDERATION, the receipt of which is hereby acknowledged, Brian Conway (“Seller”) hereby assigns, transfers,
and conveys to Liberated Solutions, Inc., a Nevada corporation (the “Company”), all of Seller’s right, title,
and interest in and to two hundred and fifty thousand (250,000) shares of Series X Preferred Stock, par value $0.001 per share
of the Company (the “Shares”), which Shares are uncertificated, and hereby irrevocably appoints the Chief Executive
Officer, the Secretary and the other officers of the Company, as Seller’s attorney-in-fact to transfer said shares on the
books of the Company, with full power of substitution in the premises.

 

Date:
_____________________, 2019

 

	Seller
    Name: Brian Conway 	 
	 	 	 
	By:	 	 
	Name:	Brian
    Conway	 

 

STATE
OF ___________________

COUNTY
OF ___________________

 

Sworn
to and subscribed before me this _____ day of _______________, 2019, by Brian Conway, who is (i) ____________personally known
to me or (ii) who has produced _____________________ as identification.

 

	 	Notary’s
    Signature	 
	 	 	 
	 	Print
    Notary’s Name: 	 

 

NOTARY
PUBLIC, State of _________________

 

My
commission expires ______________________

 

    	1klxe_ex_41

		
			Exhibit 4.1
		

		
			SECOND SUPPLEMENTAL INDENTURE
		

		
			This Second Supplemental Indenture (this “Supplemental Indenture”), dated as of May 13, 2019, among Tecton Energy Services LLC (the “Guaranteeing Subsidiary”), a subsidiary of KLX Energy Services Holdings, Inc., a Delaware corporation (the “Company”), the Company and Wilmington Trust, National Association, as trustee (the “Trustee”) and notes collateral agent (the “Collateral Agent”).
		

		
			W I T N E S S E T H
		

		
			WHEREAS, each of the Issuer and the Guarantors (as defined in the Indenture referred to below) has heretofore executed and delivered to the Trustee an indenture, dated as of October 31, 2018 (as amended through the date hereof, the “Indenture”), providing for the issuance of an unlimited aggregate principal amount of 11.500% Senior Secured Notes due 2025 (the “Notes”);
		

		
			WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally Guarantee all of the Issuer’s Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture; and
		

		
			WHEREAS, pursuant to Section 9.1 of the Indenture, the Trustee and the Collateral Agent are authorized to execute and deliver this Supplemental Indenture.
		

		
			NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties mutually covenant and agree for the equal and ratable benefit of the Holders as follows:
		

		
			1.          Capitalized Terms.  Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
		

		
			2.          Guarantor.  The Guaranteeing Subsidiary hereby agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including Article XI thereof.
		

		
			3.          Governing Law.  THIS SUPPLEMENTAL INDENTURE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
		

		
			4.          Waiver of Jury Trial.  EACH OF THE GUARANTEEING SUBSIDIARY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.
		

		
			5.          Counterparts.  The parties may sign any number of copies of this Supplemental Indenture.  Each signed copy shall be an original, but all of them together represent the same agreement.
		

		
			
		

		
			

		 

		

		
			6.          Headings.  The headings of the Sections of this Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.
		

		
			[Signature pages follow]
		

		
			
		

		
			

		 

		

		
			IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first above written.
		

			
					
						 

					
					
						TECTON ENERGY SERVICES LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Gary J. Roberts

				
	
					
						 

					
					
						 

					
					
						Name: Gary J. Roberts

				
	
					
						 

					
					
						 

					
					
						Title: Vice President 

				

		
			 
		

		
			 
		

			
					
						 

					
					
						KLX ENERGY SERVICES HOLDINGS, INC., as Issuer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Thomas P. McCaffrey 

				
	
					
						 

					
					
						 

					
					
						Name: Thomas P. McCaffrey 

				
	
					
						 

					
					
						 

					
					
						Title: SVP & CFO

				

		
			 
		

		
			
		

		

		 

	
					
						

					
						 

					
					
						WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee and Collateral Agent

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Shawn Goffinet 

				
	
					
						 

					
					
						 

					
					
						Name: Shawn Goffinet 

				
	
					
						 

					
					
						 

					
					
						Title: Assistant Vice President

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