Document:

Exhibit 4.10

 

SIYATA MOBILE INC.

 

INCENTIVE STOCK OPTION PLAN

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Approved by the
shareholders: June 17, 2015

 

Re-approved by the shareholders:
September 16, 2016

 

    

     

    

 

SIYATA MOBILE INC.

 

STOCK
OPTION PLAN

 

	1.	PURPOSE OF THE PLAN

 

The purpose of the Plan is to provide Eligible Persons with
an opportunity to purchase Shares and to benefit from the appreciation in the value of the Shares. The Plan will provide an increased
incentive for those individuals to contribute to the future growth, success and prosperity of the Company, thus enhancing the value of
the Shares for the benefit of all of the Company’s shareholders and increasing the ability of the Company and any Affiliate to attract
and retain skilled and motivated individuals.

 

	2.	INTERPRETATION

 

	2.1.	Definitions

 

In the Plan, the following terms shall have the following
meanings:

 

“Associate” means an associate as defined
in Exchange Policy 1.1 – Interpretation.

 

“Affiliate” has the meaning set out in the Corporations Act;

 

“Blackout Period” means an interval of
time (i) when any trading guidelines of the Company, as amended from time to time, restrict Participants from trading in any securities
of the Company because they may be in possession of confidential information; or (ii) when the Company has determined that one or more
Participants may not trade any securities of the Company because they may be in possession of confidential information;

 

“Board” means the board of directors of
the Company and any committee of the board of directors to which any or all authority, rights, powers and discretion with respect to the
Plan has been delegated;

 

“Business Day” means a day that is not
a Saturday, Sunday or a statutory or public holiday and any other day on which the banks are not regularly open for business in the jurisdiction
where the Company has its head office;

 

“Cause” means any act, omission or course
of conduct recognized as cause under applicable law, including, without limitation, embezzlement, theft, fraud, wilful failure to follow
any lawful directive of the Company and wilful misconduct detrimental to the interests of the Company;

 

“Company” means Siyata Mobile Inc. and
its successors;

 

“Consultant”
means a person, company, partnership or other entity, other than an Employee, Officer or Director, that is engaged to provide on an
ongoing basis, consulting, technical, management or other services (other than services in relation to a distribution) to the
Company or an Affiliate of the Company under a written contract with the Company or an Affiliate of the Company, and otherwise meets
the definition of “consultant” contained in NI 45-106 and Exchange Policy 4.4 – Incentive Stock Options,
and includes, for an individual consultant, a company, partnership or other entity of which the individual consultant is an
employee, shareholder or partner;

 

    

     

    

 

“Corporations Act” means the British
Columbia Business Corporations Act, as amended or replaced from time to time;

 

“Director” means a director of the Company
or an Affiliate of the Company;

 

“Disability” means
any disability with respect to a Participant which the Board, in its sole and unfettered discretion, considers likely to permanently prevent
the Participant from:

 

		(a)	being employed or engaged by the Company, an Affiliate of the Company or another employer, in a position the same as or substantially
similar to that in which the Participant was last employed or engaged by the Company or an Affiliate of the Company;

 

		(b)	acting as a director or officer of the Company or an Affiliate of the Company or another company; or

 

		(c)	engaging in any substantial gainful activity by reason of any medically determinable mental or physical impairment that can be expected
to result in death or that has lasted or can be expected to last a continual period of not less than 12 months;

 

“Disinterested Shareholders” means the
shareholders of the Company, including holders of any non-voting and subordinate voting shares of the Company, but excluding:

 

		(a)	Insiders to whom Options may be issued under the Plan; and

 

		(b)	Associates of those Insiders;

 

“Discounted Market
Price” means the “Market Price” as defined in Exchange Policy 1.1 – Interpretation, less the
allowable discount under the policies of the Exchange;

 

“Eligible Person”
means a bona fide Director, Officer, Employee, Consultant, and any “permitted assign” within the meaning of NI 45-106;

 

“Employee” means an employee (whether full-time
or part-time) of the Company or an Affiliate of the Company within the meaning of Exchange Policy 4.4 – Incentive Stock Options,
or a Management Company Employee;

 

“Exchange” means the TSX Venture Exchange
or, if the Shares are not listed and posted for trading on the TSX Venture Exchange, the most senior stock exchange in Canada on which
the Shares are listed and posted for trading;

 

    2

     

    

 

“Exchange Hold Period” means the “Exchange
Hold Period” as defined in Exchange Policy 1.1 – Interpretation;

 

“Expiry Date” means the date set by the
Board under Section 3.1 of the Plan, as the last date on which an Option may be exercised by the Participant;

 

“Grant Date” means the date specified in
an Option Agreement as the date on which an Option is granted;

 

“Insider” means:

 

		(a)	an insider as defined in the Securities Act, other than a person who is an insider solely by virtue of being a director or senior
officer of an Affiliate; and

 

		(b)	an Associate of any person who is an insider under section (a);

 

“Investor Relations Activities” means investor
relations activities as defined in Exchange Policy 1.1 – Interpretation;

 

“Management Company Employee” means an
individual employed by a person providing management services to the Company which are required for the ongoing successful operation of
the business enterprise of the Company, but excludes a person engaged in Investor Relations Activities;

 

“NI 45-106” means Canadian National Instrument
45-106 – Prospectus and Registration Exemptions;

 

“Officer” means an executive officer (as
that term is defined in NI 45-106) of the Company or an Affiliate of the Company;

 

“Option” means an option to purchase Shares
granted pursuant to the Plan;

 

“Option Agreement” means an agreement,
in the form attached hereto as Schedule A, whereby the Company grants an Option to a Participant;

 

“Option Price” means the per Share exercise
price specified in an Option Agreement to be paid to acquire Option Shares, adjusted from time to time in accordance with the provisions
of Section 5;

 

“Option Shares” means the aggregate number
of Shares which a Participant may purchase under an Option;

 

“Participant” means an Eligible Person
granted an Option pursuant to the Plan and his or her heirs, executors and administrators and, subject to the policies of the Exchange,
a Participant may also be a company wholly-owned by an individual eligible for an Option grant pursuant to the Plan;

 

    3

     

    

 

“Plan” means this Siyata Mobile Inc. Stock
Option Plan, as amended from time to time in accordance with the provisions hereof;

 

“Securities Act” means the Securities
Act (British Columbia), as amended or replaced from time to time;

 

“Shares” means the Common Shares in the
capital of the Company as constituted on the date of the Plan provided that, in the event of any adjustment pursuant to Section 5, “Shares”
shall thereafter mean the shares or other property resulting from the events giving rise to the adjustment;

 

“Unissued Option Shares” means the number
of Shares, at a particular time, which have been allotted for issuance upon the exercise of an Option but which have not been issued,
as adjusted from time to time in accordance with the provisions of Section 5, such adjustments to be cumulative; and

 

“Vested” means that an Option has become
exercisable in respect of a number of Option Shares by the Participant pursuant to the terms of the Option Agreement and the Plan.

 

	2.2.	Number and Gender

 

The Plan shall be read with all changes in number and gender
required by the context.

 

	2.3.	Sections

 

A reference to a Section includes all subsections and paragraphs
in that Section, unless the context otherwise requires.

 

	2.4.	Currency

 

Unless the context otherwise requires or the Board determines
otherwise, all references to currency shall be to the lawful money of Canada.

 

	3.	GRANT OF OPTIONS AND ADMINISTRATION OF THE PLAN

 

	3.1.	Option Terms

 

The Board may from time to time authorize the grant of Options
to Eligible Persons on the terms and subject to the conditions set out herein and any additional terms and conditions as are set out in
the Option Agreement, all as determined by the Board in its sole and unfettered discretion. Notwithstanding the foregoing, if the Shares
are, at the time of grant, listed and posted for trading on the Exchange:

 

		(a)	the Option Price under each Option shall be not less than the Discounted Market Price on the Grant Date or such other minimum price
as may be required by the Exchange;

 

    4

     

    

 

		(b)	the Expiry Date for each Option shall be set by the Board at the time of issue of the Option and shall not be more than ten years
after the Grant Date, subject to extension in connection with a Blackout Period, as provided in Section 4.5; and

 

		(c)	Options shall not be assignable or transferable by the Participant, except to the extent necessary to enable Options that have Vested
at the time of death of a Participant to be exercised by the legal personal representatives or beneficiary(ies) of the Participant as
contemplated in Section 4.4(a).

 

For greater certainty, the Board shall not be permitted to
amend the Option Price, and Options may not be re-priced, except as set out in Section 5 of the Plan.

 

	3.2.	Option Price at the Discounted Market Price

 

If required by the Exchange, the Option Price of an Option
is the Discounted Market Price, such Option shall be subject to the Exchange Hold Period and any Option Shares issued under such Option
prior to the expiry of the Exchange Hold Period shall be legended with the Exchange Hold Period commencing on the Grant Date of such Option,
as follows (or with such other legend as may be required by the Exchange):

 

“Without prior written approval of the Exchange and
compliance with all applicable securities legislation, the securities represented by this certificate may not be sold, transferred, hypothecated
or otherwise traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada or to or for the benefit of a Canadian
resident until [insert the date immediately following the date which is four months after the Grant Date].”

 

	3.3.	Limits on Shares Issuable on Exercise of Options 

 

Subject to Section 5.1,

 

		(a)	the maximum number of Shares that may be issuable pursuant to Options granted under the Plan shall be shall be a number equal to 10%
of the number of issued and outstanding Shares;

 

		(b)	unless approved by a majority of the Disinterested Shareholders,

 

		(i)	the aggregate number of Shares issuable pursuant to Options granted to Insiders pursuant to the Plan and all of the Company’s
other previously established and outstanding or proposed share compensation arrangements and grants may not exceed 10% of the issued and
outstanding Shares on a non-diluted basis at any time;

 

		(ii)	the aggregate number of Shares issued to Insiders pursuant to the Plan and all of the Company’s other previously established
and outstanding or proposed share compensation arrangements and grants within any 12 month period may not exceed 10% of the issued and
outstanding Shares on a non-diluted basis; and

 

    5

     

    

 

		(iii)	the aggregate number of Shares issuable to any one Participant pursuant to the Plan and all of the Company’s other previously
established and outstanding or proposed share compensation arrangements and grants within any 12 month period may not exceed 5% of the
issued and outstanding Shares on a non-diluted basis;

 

		(c)	the aggregate number of Shares issuable pursuant to Options granted to any one Consultant pursuant to the Plan and all of the Company’s
other previously established and outstanding or proposed share compensation arrangements and grants within any 12 month period may not
exceed 2% of the issued and outstanding Shares on a non-diluted basis; and

 

		(d)	the aggregate number of Shares issuable pursuant to Options granted to all Participants performing Investor Relation Activities pursuant
to the Plan and all of the Company’s other previously established and outstanding or proposed share compensation arrangements and
grants within any 12 month period may not exceed 2% in aggregate of the issued and outstanding Shares on a non-diluted basis.

 

	3.4.	Option Agreements

 

Each Option will be evidenced by the execution of an Option
Agreement. Each Participant shall have the option to purchase from the Company the Option Shares at the time and in the manner set out
in the Plan and in the Option Agreement applicable to that Participant. In the case of Options granted to Employees, Consultants or Management
Company Employees, each Option Agreement will contain a representation of the Company and the Participant that the Participant is a bona
fide Employee, Consultant or Management Company Employee, as the case may be. The execution of an Option Agreement shall constitute
conclusive evidence that the grant of Options to the Participant has been completed in compliance with the Plan.

 

	3.5.	Authority of the Board

 

Subject only to the express provisions of the Plan, the Board
shall have, and hereby is specifically granted, the sole and unfettered authority to:

 

		(a)	grant Options to Eligible Persons;

 

		(b)	determine the terms, limitations, restrictions and conditions respecting Options;

 

		(c)	interpret the Plan and adopt, amend and rescind such administrative guidelines and other rules and regulations
relating to the Plan, as it may from time to time deem advisable;

 

		(d)	authorize any officer or director to execute and deliver any Option Agreement, notice, commitment or document and to do any other
act as contemplated by the Plan for and on behalf of the Company;

 

    6

     

    

 

		(e)	make all other determinations and perform all other actions as the Board deem necessary or advisable to implement and administer the
Plan; and

 

		(f)	subject to applicable law, delegate to the compensation committee or any other committee of the Board, on such terms as the Board
in its discretion determines, all or any part of the authority of the Board hereunder to administer and implement the Plan.

 

	3.6.	Discretion of the Board

 

The determinations of the Board under the Plan (including,
without limitation, determinations of who may receive grants of Options and the terms, limitations, restrictions and conditions respecting
Options) need not be uniform and may be made by the Board selectively among Eligible Persons who receive, or are eligible to receive,
grants of Options under the Plan, whether or not such Eligible Persons are similarly situated as to office, length of service, salary
or any other factor. The Board may, in its discretion, authorize the grant of additional Options to a Participant before an existing Option
has terminated.

 

	3.7.	Interpretation of the Plan

 

Except as set out in Section 5.4, the interpretation and construction
of any provision of the Plan by the Board shall be final and conclusive. Administration of the Plan shall be the responsibility of the
appropriate officers of the Company and the Company shall pay all costs in respect thereof. All guidelines, rules, regulations, decisions
and interpretations of the Board respecting the Plan, any Option Agreement or the Options shall be binding and conclusive on the Company
and on all Participants and their respective legal personal representatives.

 

	3.8.	Overriding Restrictions on Issue and Exercise

 

Notwithstanding anything else in this Plan or the terms of
any Option, no Option may be offered, issued or exercised if to do so:

 

		(a)	would contravene the constating documents of the Company, the Securities Act, the Corporations Act or any policy of the Exchange;
or

 

		(b)	would contravene the local laws or customs of a Participant’s country of residence or in the opinion of the Board would require
actions to comply with those local laws or customs which are impractical.

 

	4.	EXERCISE OF OPTIONS

 

	4.1.	When Options May be Exercised

 

Subject to this Section 4, an
Option may be exercised to purchase any number of Option Shares up to the number of Unissued Option Shares that have Vested at any
time after the Grant Date up to 5 p.m. in the location where the Company has its head office on the Expiry Date, provided the Expiry
Date is a Business Day and if the Expiry Date is not a Business Day, then the Expiry Date shall be deemed to fall on the next day
that is a Business Day, and shall not be exercisable thereafter.

 

    7

     

    

 

	4.2.	Manner of Exercise

 

The Options shall be exercisable by delivering, prior to the
Expiry Date, to the Company at its head office, a written notice specifying the number of Option Shares in respect of which the Options
are exercised together with payment in full of the Option Price for each such Option Share. All Option Shares subscribed for upon exercise
of the Options shall be paid in full at the time of subscription. No fractional Shares may be purchased or issued hereunder.

 

	4.3.	Vesting of Options

 

With the exception of Options granted to a Consultant who
performs Investor Relations Activities, all Options granted to a Participant under the Plan will become vested on the Grant Date, or at
such other time as may be established by the Board at the time of the grant in compliance with requirements of the Exchange. For Options
granted to a Consultant who performs Investor Relations Activities, the Board will, at the time of grant, determine the vesting date for
such Options, provided that such Options must vest in stages over 12 months with no more than one-quarter of the Options vesting in any
three month period.

 

	4.4.	Termination of Employment or Affiliation

 

If a Participant ceases to be an Eligible Person, the Participant’s
Options shall be exercisable as follows:

 

		(a)	Death, Disability or Retirement. If the Participant ceases to be an Eligible Person due to his or her death, Disability or
retirement in accordance with the Company’s retirement policy in force from time to time, or, in the case of a Participant that
is a company, the death, Disability or retirement of the person who provides management or consulting services to the Company or to an
Affiliate of the Company, the Options then held by the Participant shall be exercisable to acquire Unissued Option Shares that have Vested
at the time of death, Disability or retirement at any time up to but not after the earlier of:

 

		(i)	365 days after the date of death, Disability or retirement; and

 

		(ii)	the Expiry Date.

 

		(b)	Termination For Cause. If the Participant ceases to be an Eligible Person as a result of termination for Cause, any outstanding
Options held by such Participant on the date of such termination, whether in respect of Option Shares that are Vested or not, shall be
cancelled as of the date of delivery of written notice of termination (and specifically without regard to the date on which any period
of reasonable notice, if any, would expire).

 

    8

     

    

 

		(c)	Early
                                            Retirement, Voluntary Resignation or Termination Other than For Cause. If the Participant
                                            ceases to be an Eligible Person due to the Participant’s retirement or, in the case
                                            of a Participant that is a company, the retirement of the person who provides management
                                            or consulting services to the Company or to an Affiliate of the Company, at the request of
                                            his or her employer earlier than the normal retirement date under the Company’s retirement
                                            policy then in force, or due to the Participant’s voluntary resignation or due to the
                                            termination of the Participant’s employment by the Company for reasons other than Cause,
                                            the Options then held by the Participant shall be exercisable, subject to section (d), to
                                            acquire Unissued Option Shares that have Vested at the time of retirement, resignation or
                                            termination for reasons other than Cause, at any time up to but not after the earlier of:

 

		(i)	the
                                            Expiry Date;

 

		(ii)	twelve
                                            months after the Participant ceases active employment or engagement with the Company or an
                                            Affiliate of the Company; and

 

		(iii)	twelve
                                            months after the date of delivery of written notice of retirement, resignation or termination
                                            (and specifically without regard to the date any period of reasonable notice, if any, would
                                            expire),

 

provided
that the Board shall have the discretion to increase the twelve-month period referred to in clause (ii) or (iii), above, as applicable,
at any time for any period of time up to the Expiry Date.

 

		(d)	For
                                            greater certainty, unless the Board determines otherwise, an Option that had not become Vested
                                            in respect of any Unissued Option Shares at the time that the relevant events referred to
                                            in Sections 4.4(a) or 4.4(c) occurred, shall not be or become exercisable in respect of such
                                            Unissued Option Shares and shall be cancelled.

 

	4.5.	Blackout
                                            Periods

 

		(a)	No
                                            Option may be exercised during a Blackout Period.

 

		(b)	If
                                            the Expiry Date of an Option, or the deadline for exercising any Option set out in Section
                                            4.4(a) or Section 4.4(c) falls within a Blackout Period or within two Business Days after
                                            the expiry of a Blackout Period, such Expiry Date or deadline shall be deemed to be extended
                                            by ten Business Days after the last day of the Blackout Period.

 

    9

     

    

 

	4.6.	Effect
                                            of a Take-Over Bid 

 

Notwithstanding Section 4.3, if:

 

		(a)	a
                                            bona fide takeover offer (an “Offer”) is made to the shareholders
                                            of the Company to acquire their Shares and the Board becomes aware that more than 50%
of the issued Shares have or will become vested in the offeror and related and associated parties, then the Board shall notify each Participant
in writing that all Options issued to the Participant have become Vested and may be exercised by the Participant with effect from the
date of such notice and shall be exercisable by a date specified in the notice. Upon receipt of such notice, the Participant shall be
entitled to exercise all or any of the Options, and any Participant who exercises any such Options shall tender the Shares that have
been issued as a result to the Offer. If for any reason if Shares are taken up and paid for by the offeror under the Offer as and when
required, then the Shares that have been issued in pursuance of this paragraph (a) shall be returned by the relevant Participant to the
Company and reinstated as authorized but Shares, the Option with respect to such returned Shares shall be reinstated as if it had not
been exercised and the terms for the vesting of the Options shall be reinstated, and the Corporation shall immediately refund the exercise
price paid for the issuance of any Shares upon the exercise of any Option under this paragraph (a) to the Option holder, without interest;

 

		(b)	the
                                            Board concludes that there has been such a change in the control of issued Shares of the
                                            Company that the replacement of the majority of the Board is imminent or the Board becomes
                                            aware that any person or corporation who is not already so entitled has become entitled to
                                            more than 50% of the issued Shares, then the Board shall notify each Participant in writing
                                            that all Options issued to the Participant have become Vested and may be exercised by the
                                            Participant with effect from the date of the notice and shall be exercisable by a date specified
                                            in the notice. Upon receipt of such a notice, the Participant shall be entitled to exercise
                                            all or any of the Options.

 

	4.7.	Acceleration
                                            of Expiry Date

 

If
at any time when an Option granted under the Plan remains unexercised with respect to any Unissued Option Shares an Offer is made by
an offeror, the Board may, upon notifying each Participant of full particulars of the Offer, declare that all Options granted under the
Plan have become Vested and accelerate the Expiry Date for the exercise of all unexercised Options granted under the Plan so that all
Options will either be exercised or expire prior to the date upon which Shares must be tendered pursuant to the Offer.

 

	4.8.	Exclusion
                                            from Severance Allowance, Retirement Allowance or Termination Settlement

 

If
the Participant retires, resigns or is terminated from employment or engagement with the Company or an Affiliate, the loss or limitation,
if any, pursuant to the Option Agreement with respect to the right to purchase Option Shares which were not Vested at that time or which,
if Vested, were cancelled, shall not give rise to any right to damages and shall not be included in the calculation of nor form any part
of any severance allowance, retiring allowance or termination settlement of any kind whatsoever in respect of such Participant.

 

    10

     

    

 

	4.9.	Shares
                                            Not Acquired

 

Any
Unissued Option Shares not acquired by a Participant under an Option which have expired or have been cancelled may be made the subject
of a further Option grant pursuant to the provisions of the Plan.

 

	4.10.	Right
                                            to Participate in New Issues

 

To
the extent that shareholders of the Company are entitled to participate in new issues of Shares, a Participant, with respect to Vested
Options held by such Participant, shall not be entitled to participate in respect of such Vested Options, unless such Participant first
exercises the Vested Options in accordance with the terms of the Plan prior to the record date of such offering, whereby the Participant
will be entitled to participation by virtue of the Shares held by such Participant.

 

	4.11.	Quotation
                                            or Listing

 

		(a)	The
                                            Company will not seek the official quotation or listing of any Options.

 

		(b)	The
                                            Company will apply to the Exchange for official quotation or listing of Shares issued on
                                            the exercise of Options.

 

	5.	ADJUSTMENT
                                            OF OPTION PRICE AND NUMBER OF OPTION SHARES

 

	5.1.	Share
                                            Reorganization

 

If
the Company issues Shares to all or substantially all holders of Shares by way of a stock dividend or other distribution, or subdivides
all outstanding Shares into a greater number of Shares, or combines or consolidates all outstanding Shares into a lesser number of Shares
(each of such events being a “Share Reorganization”), then effective immediately after the effective date for such
Share Reorganization for each Option:

 

		(a)	the
                                            Option Price will be adjusted to a price per Option Share which is the product of:

 

		(i)	the
                                            Option Price in effect immediately before the effective date for the Share Reorganization;
                                            and

 

		(ii)	a
                                            fraction the numerator of which is the total number of Shares outstanding on the effective
                                            date of the Share Reorganization before giving effect to the Share Reorganization, and the
                                            denominator of which is the total number of Shares that are or would be outstanding on the
                                            effective date of the Share Reorganization after giving effect to the Share Reorganization;
                                            and

 

		(b)	the
                                            number of Unissued Option Shares will be adjusted by multiplying (i) the number of Unissued
                                            Option Shares immediately before the effective date of the Share Reorganization by (ii) a
                                            fraction which is the reciprocal of the fraction described
in section 5.1(a)(ii). Subject to any provisions with respect to rounding of entitlements as sanctioned by the meeting, if any, of shareholders
approving a Share Reorganization, in all other respects the terms for the exercise of Options shall remain unchanged notwithstanding
the reorganization.

 

    11

     

    

 

	5.2.	Special
                                            Distribution

 

Subject
to the prior approval of the Exchange if the Company is listed on the Exchange at the relevant time, if the Company issues by way of
a dividend or otherwise distributes to all or substantially all holders of Shares:

 

		(a)	shares
                                            of the Company, other than Shares;

 

		(b)	evidences
                                            of indebtedness;

 

		(c)	any
                                            cash or other assets, excluding cash dividends (other than cash dividends which the Board
                                            has determined to be outside the normal course); or

 

		(d)	rights,
                                            options or warrants,

 

then
to the extent that such dividend or distribution does not constitute a Share Reorganization (any of such non-excluded events being a
“Special Distribution”), and effective immediately after the record date at which holders of Shares are determined
for purposes of the Special Distribution, for each Option the Option Price will be reduced, and the number of Unissued Option Shares
will be correspondingly increased, by such amount, if any, as is determined by the Board in its sole and unfettered discretion to be
appropriate in order to properly reflect any diminution in value of the Shares as a result of such Special Distribution.

 

	5.3.	Corporate
                                            Reorganization 

 

Whenever there is:

 

		(a)	a
                                            reclassification of outstanding Shares, a change of Shares into other shares or securities,
                                            or any other capital reorganization of the Company, other than as described in sections 5.1
                                            or 5.2;

 

		(b)	a
                                            consolidation, merger or amalgamation of the Company with or into another Company resulting
                                            in a reclassification of outstanding Shares into other shares or securities or a change of
                                            Shares into other shares or securities; or

 

		(c)	a
                                            transaction whereby all or substantially all of the Company’s undertaking and assets
                                            become the property of another Company,

 

(any
such event being a “Corporate Reorganization”)

 

the
Participant will have an option to purchase (at the times, for the consideration and subject to the terms and conditions set out in the
Plan and the Option Agreement) and will
accept on the exercise of such option, in lieu of the Unissued Option Shares which the Participant would otherwise have been entitled
to purchase, the kind and amount of shares or other securities or property that the Participant would have been entitled to receive as
a result of the Corporate Reorganization if, on the effective date thereof, the Participant had been the holder of all Unissued Option
Shares or, if appropriate, as otherwise determined by the Board.

 

    12

     

    

 

	5.4.	Determination
                                            of Option Price and Number of Unissued Option Shares

 

If
any questions arise at any time with respect to the Option Price or number of Unissued Option Shares deliverable upon exercise of an
Option following a Share Reorganization, Special Distribution or Corporate Reorganization, such questions shall be conclusively determined
by the Board in its sole and unfettered discretion, and in arriving at a decision, the Board may consult such professional advisors as
it deems necessary.

 

	5.5.	Compliance
                                            with Regulatory Authorities

 

Notwithstanding
Sections 5.1, 5.2 or 5.3, in the event of any reorganization (including, without limitation, consolidation, sub-division, reduction or
return of the issued capital of the Company) on or prior to the Expiry Date, the rights of the Participant will be changed to the extent
necessary at the time of such reorganization, in such manner as determined by the Board, to ensure compliance with the policies of the
Exchange that apply to a reorganization of capital at the time of such reorganization. For greater certainty, any adjustment to the Option
Price or the number of Unissued Option Shares purchasable under the Plan pursuant to the operation of any one of Sections 5.1, 5.2 or
5.3 is subject to the approval of the Exchange, if applicable, and any other governmental authority having jurisdiction.

 

	6.	MISCELLANEOUS

 

	6.1.	No
                                            Right to Employment

 

Neither
the Plan nor any of the provisions hereof shall confer upon any Participant any right with respect to employment, engagement or appointment
or continued employment, engagement or appointment with the Company or any Affiliate or interfere in any way with the right of the Company
or any Affiliate to terminate such employment, engagement or appointment.

 

	6.2.	Related
                                            Rights and Other Benefit Plans

 

No
Participant shall have any of the rights of a shareholder of the Company with respect to any Option Shares (including, without limitation,
voting rights or any right to receive dividends, warrants or rights under any rights offering) until the Participant has made full payment
to the Company upon exercise of the Option and such Option Shares have been issued to such Participant. Participation in the Plan shall
not affect an Eligible Person’s eligibility to participate in any other benefit plan or incentive plan of the Company. The grant
of any Option pursuant to the Plan shall not obligate the Company to make any benefit
available to an Eligible Person under any other plan of the Company unless otherwise specifically provided for in such plan.

 

    13

     

    

 

	6.3.	Necessary
                                            Approvals

 

If
required by the Exchange, the Plan shall be subject to the approval of the shareholders of the Company at each annual general meeting
of the Company. The obligation of the Company to sell and deliver Option Shares in accordance with the Plan is subject to the approval
of the Exchange, if applicable, and any other regulatory body having authority over the Company, the Plan or the shareholders of the
Company. If any Option Shares cannot be issued to any Participant for any reason, including, without limitation, the failure to obtain
such approval, then the obligation of the Company to issue such Option Shares shall terminate and the Company shall immediately refund
to the Participant any Option Price paid by the Participant to the Company.

 

	6.4.	Income
                                            Taxes

 

As
a condition of and prior to participation in the Plan, each Participant authorizes the Company to withhold from any amount otherwise
payable to the Participant any amounts required by any taxing authority to be withheld for taxes of any kind as a consequence of the
Participant’s participation in the Plan or issuance of Option Shares. The Company may, prior to and as a condition of issuing any
Option Shares, require the Participant to pay to the Company in cash or such other consideration as the Board, in its discretion, may
accept, such amount as the Company is obliged to remit in accordance with applicable tax laws and the requirements of any taxing authority
having jurisdiction in respect of any such issuance of Option Shares. The Company shall also have the right in its sole discretion to
satisfy any such liability for withholding or other required deduction amounts to require the Participant to complete a sale in respect
of such number of Option Shares that have been issued and would otherwise be delivered to the Participant under the Plan, and any amount
payable from such sale will first be paid to the Company to satisfy any liability for withholding. The Company may require a Participant,
as a condition of participation in the Plan, to pay or reimburse the Company for any cost incurred by the Company as a result of the
participation by the Participant in the Plan.

 

	6.5.	Amendments
                                            to the Plan

 

		(a)	The
                                            Board may from time to time, subject to applicable law and to the prior approval, if required,
                                            of the Exchange or any other regulatory body having authority over the Company, the Plan
                                            or the shareholders of the Company, suspend, terminate or discontinue the Plan at any time.

 

		(b)	The
                                            Board may amend or revise the terms of the Plan or of any Option granted under the Plan and
                                            the Option Agreement relating thereto at any time without the consent of the Participants
                                            provided that such amendment shall:

 

		(i)	not
                                            adversely alter or impair any Option previously granted except as permitted by the adjustment
                                            provisions of Section 5;

 

    14

     

    

 

		(ii)	be
                                            subject to any regulatory approvals including, where required, the approval of the Exchange;
                                            and

 

		(iii)	be
                                            subject to shareholder approval where required by law or the requirements of the Exchange,
                                            provided that shareholder approval shall not be required for the following amendments and
                                            the Board may make any changes which may include but are not limited to:

 

		A.	amendments
                                            of a typographical, grammatical, clerical or administrative nature or which are required
                                            to comply with regulatory requirements;

 

		B.	a
                                            change to the vesting provisions of the Plan or any Option;

 

		C.	a
                                            change to the termination provisions of any Option that does not entail an extension beyond
                                            the original Expiry Date (as such date may be extended by virtue of Section 4.5); and

 

		D.	a
                                            change to the Eligible Persons of the Plan.

 

		(c)	Notwithstanding
                                            this Section 6.5, the Board shall not be permitted to amend the Option Price except as set
                                            out in Section 5. If the Plan is terminated, the provisions of the Plan and any administrative
                                            guidelines and other rules and regulations adopted by the Board and in force on the date
                                            of termination will continue in effect as long as any Option or any rights pursuant thereto
                                            remain outstanding and, notwithstanding the termination of the Plan, the Board shall remain
                                            able to make such amendments to the Plan or the Options as they would have been entitled
                                            to make if the Plan were still in effect.

 

		(d)	Without
                                            obtaining the prior approval of the shareholders of the Company and of the Exchange or any
                                            other regulatory body having authority over the Company, the Board will not be entitled to:

 

		(i)	increase
                                            the maximum percentage of Shares issuable by the Company pursuant to the Plan;

 

		(ii)	extend
                                            the Expiry Date;

 

		(iii)	make
                                            a change to the class of eligible participants which would have the potential of broadening
                                            or increasing participation by Insiders;

 

		(iv)	provide
                                            any form of financial assistance to Participants for the purchase of Option Shares; or

 

		(v)	add
                                            a deferred or restricted share unit or any other provision which results in a Participant
                                            receiving Shares when no cash consideration is received by the Company.

 

    15

     

    

 

		(e)	Without
                                            obtaining the prior approval of the Disinterested Shareholders and of the Exchange or any
                                            other regulatory body having authority over the Company, the Board will not be entitled to
                                            amend the terms of Options held by an Insider (including, for greater certainty, to effectively
                                            reduce the Option Price).

 

	6.6.	Form
                                            of Notice

 

Any
notice to be given to the Company pursuant to the provisions of the Plan shall be addressed to the Company to the attention of its President
at the Company’s head office, and any notice to be given to a Participant shall be delivered personally or addressed to the Participant
at the address set out in the Option Agreement, or at such other address as such Participant may hereafter designate in writing to the
Company. Any such notice shall be deemed duly given when made in writing and delivered to the Company or the Participant, as the case
may be, or if mailed, then on the fifth business day following the date of mailing such notice in a properly sealed envelope addressed
as aforesaid, registered or certified mail, postage prepaid.

 

	6.7.	No
                                            Representation or Warranty

 

The
Company makes no representation or warranty as to the future market value of the Shares or with respect to any income tax matters affecting
the Participant resulting from the grant or exercise of an Option and/or transactions in the Option Shares. Neither the Company, nor
any of its directors, officers or employees are liable for anything done or omitted to be done by such person or any other person with
respect to the price, time, quantity or other conditions and circumstances of the purchase or sale of Option Shares hereunder, with respect
to any fluctuations in the market price of Shares or in any other manner related to the Plan.

 

	6.8.	Compliance
                                            with Applicable Law

 

If
any provision of the Plan or any Option Agreement contravenes any law applicable or any order, policy, by-law or regulation of the Exchange
or any other regulatory body having authority over the Company, the Plan or the shareholders of the Company, then such provision shall
be deemed to be amended to the extent required to bring such provision into compliance therewith.

 

	6.9.	No
                                            Assignment

 

No
Option shall be assignable or transferable by the Participant and any purported assignment or transfer of an Option shall be void and
shall render the Option void, provided that in the event of death of the Participant, a Participant’s legal personal representative
may exercise the Option in accordance with Section 4.4.

 

	6.10.	Other
                                            Incentive Schemes

 

The
Company is not restricted to using the Plan as the only method of providing incentive rewards to Eligible Persons. The Company may approve
other incentive schemes. Participation in the Plan does not affect, and is not affected by, participation in any
other incentive or other scheme of the Company unless the terms of that incentive or scheme provide otherwise.

 

    16

     

    

 

	6.11.	Conflict

 

In
the event of any conflict between the provisions of the Plan and an Option Agreement, the provisions of the Plan shall govern.

 

	6.12.	Governing
                                            Law

 

The
laws of the Province of British Columbia shall govern the Plan and each Option Agreement issued pursuant to the Plan.

 

	6.13.	Time
                                            of Essence

 

Time
is of the essence of the Plan and of each Option Agreement. No extension of time will be deemed to be, or to operate as, a waiver that
time is to be of the essence.

 

	6.14.	Entire
                                            Agreement

 

The
Plan and the Option Agreement sets out the entire agreement between the Company and the Participants relative to the subject matter hereof
and supersedes all prior agreements, undertakings and understandings, whether oral or written.

 

    17

     

    

 

SIYATA
MOBILE INC. STOCK OPTION PLAN

Sub-Plan
for U.S. Persons

 

	1.	Purpose

 

This
Sub-Plan for U.S. Persons (the “U.S. Sub-Plan”) is part of the Siyata Mobile Inc. Stock Option Plan (the “Plan”)
and is adopted by the Board pursuant to Section 6.5(b) of the Plan. All terms not otherwise defined herein shall have the meaning ascribed
to them in the Plan. This U.S. Sub-Plan governs grants of Options to U.S. Persons (as defined below).

 

	2.	Provisions

 

The
provisions of this U.S. Sub-Plan shall supersede and govern in the case of inconsistency between the provisions of this U.S. Sub-Plan
and the provisions of the Plan; provided, however, that this U.S. Sub-Plan shall not be construed to grant to any U.S. Sub-Plan Participant
rights not consistent with the terms of the Plan, unless specifically provided herein.

 

	3.	Eligibility

 

The
individuals who shall be eligible to receive Options under the Plan that are subject to the provisions of this U.S. Sub-Plan shall be
employees, directors, and other individuals and entities who are United States citizens or who are resident aliens of the United States
for United States federal tax purposes (collectively, “U.S. Persons”) and who on the Grant Date render services to
the management, operation or development of the Company or an Affiliated Company and, in either case, who have contributed or may be
expected to contribute to the future growth, success, and prosperity of the Company or an Affiliated Company.

 

	4.	Terms
                                            and Conditions of Options

 

		(a)	In
                                            General. Every Option granted to a U.S. Person shall specify the number of Option Shares,
                                            the time or times at which the Option shall become exercisable in whole or in part, whether
                                            the Option is intended to be an incentive stock option (“ISO”) or a nonqualified
                                            stock option (“NSO”) and such other terms and conditions as the Board
                                            shall approve, and contain or incorporate by reference the terms and conditions set forth
                                            in this U.S. Sub-Plan.

 

		(b)	Limitations
                                            Relating to ISOs. Provided the Plan is amended by the Board to permit the issuance of
                                            ISOs, and the shareholders of the Company so approve that amendment (hereafter, the “ISO
                                            Amendment”), ISOs may be issued pursuant to the terms of this U.S. Sub-Plan and
                                            in that event, the Plan and this U.S. Sub-Plan shall be administered in such a manner as
                                            to permit those Options granted hereunder and specially designated as an ISO to qualify as
                                            incentive stock options as described in Section 422 of United States Internal Revenue Code
                                            of 1986, as amended (the “Code”).

 

		(i)	ISO
                                            Share Pool. An ISO Amendment shall result in the approval by shareholders of the Company
                                            of a fixed number of Shares, subject to adjustments as set forth in Section 5 of the Plan,
                                            available for issuance as Options.
Shares underlying ISOs that fail to vest or be fully exercised prior to expiration or other termination shall again become available
for grant as ISOs pursuant to this U.S. Sub-Plan as permitted by applicable law. No changes to the Plan and the U.S. Sub-Plan by the
Board shall, without approval of the shareholders of the Company: (a) increase the total number of Shares available for grant as ISOs,
except by operation of the provisions of Section 5 of the Plan; (b) change the class of persons eligible to receive ISOs; or (c) extend
the date on which ISOs can be granted beyond the 10th anniversary of the earlier of the date the Board approves an ISO Amendment
or the date of shareholder approval of the ISO Amendment.

 

    18

     

    

 

		(ii)	Eligible
                                            Recipients. ISOs shall only be granted to employees (whether full-time or part-time)
                                            of the Company or an affiliate satisfying the requirements of Code Sections 424(e) or 424(f)
                                            (generally, a corporation in the group with respect to which there is at least 50% voting
                                            power and for purposes of this U.S. Sub-Plan, an “ISO Corporation”).

 

		(iii)	Timing
                                            of Exercise. The special United States federal tax rules applicable to ISOs are not available
                                            to an ISO that is exercised at any time later than 3 months following termination of employment
                                            with an ISO Corporation. Accordingly, such an Option (if otherwise exercisable) shall be
                                            treated as an NSO upon exercise, rather than an ISO, for United States tax purposes.

 

		(iv)	Expiry
                                            Date for ISOs. In no event shall the Expiry Date of an ISO be later than 10 years following
                                            its Grant Date; provided, however, no ISO granted to a U.S. Sub-Plan Participant who owns
                                            (directly or under the attribution rules of Code Section 424(d)) stock possessing more than 10%
of the total combined voting power of all classes of stock of the Company or any ISO Corporation shall have an Expiry Date that is later
than 5 years following its Grant Date.

 

		(v)	Notice
                                            of ISO Stock Disposition. In the event Shares received upon exercise of an ISO are sold,
                                            transferred, exchanged or otherwise disposed of before the later of (A) the 2nd anniversary
                                            of the Grant Date of the ISO or (B) the 1st anniversary of the date the Shares were issued
                                            upon the U.S. Sub-Plan Participant’s exercise of the ISO, the U.S. Sub-Plan Participant
                                            shall promptly notify the Company of such action.

 

		(c)	Option
                                            Price. In no event shall the Option Price of an Option be less than the Fair Market Value
                                            of the Shares underlying the Option on the Grant Date of the Option; provided, however, that
                                            if the recipient of an ISO at the time of grant owns (directly or under the attribution rules
                                            of Code Section 424(d)) stock representing more than 10% of the voting power of all classes
                                            of stock of the Company or of any ISO Corporation, the Option Price shall not be less than
                                            110% of the Fair Market Value of the Shares on the Grant Date of the ISO. The Option Price
                                            of an Option awarded under this U.S. Sub-Plan may be set forth in United States dollars.

 

    19

     

    

 

		(d)	Method
                                            of Exercise. Unless otherwise provided in the applicable U.S. Sub-Plan Option Agreement,
                                            an Option issued under this U.S. Sub-Plan may be exercised using any of the following methods,
                                            in addition to any method provided in the Plan:

 

		(i)	By
                                            (A) delivery of an irrevocable and unconditional undertaking by a creditworthy broker to
                                            deliver promptly to the Company sufficient funds to pay the Option Price and any required
                                            tax withholding or (B) delivery by the U.S. Sub-Plan Participant to the Company of a copy
                                            of irrevocable and unconditional instructions to a creditworthy broker to deliver promptly
                                            to the Company cash or a check sufficient to pay the Option Price and any required tax withholding;

 

		(ii)	By
                                            delivery (either by actual delivery or attestation) of Shares owned by the U.S. Sub-Plan
                                            Participant valued at their Fair Market Value, provided (A)
the method of payment is then permitted under applicable law, (B) the Shares, if acquired directly from the Company, was owned by the
U.S. Sub-Plan Participant for a minimum period of time, if any, as may be established by the Board in its sole discretion, and (C) the
Shares are not subject to any repurchase, forfeiture, unfulfilled vesting or other similar requirements; or

 

		(iii)	By
                                            any combination of the above permitted forms of payment.

 

In
no event shall the “net exercise” method be used to exercise an ISO.

 

		(e)	Expiry
                                            Date. The Expiry Date extension provisions of Sections 4.1 and 4.5(b) of the Plan shall
                                            not apply if as a result of their application, an Option would become subject to adverse
                                            tax consequences under Code Section 409A or an ISO would lose its status as such.

 

		(f)	Effect
                                            of Cessation of Employment or Service Relationship. With respect to Options granted under
                                            this U.S. Sub-Plan, Section 4.4(c) of the Plan shall be applied by adding the following phrase
                                            at the end thereof: “; and provided, further, that the Board shall not increase the
                                            twelve-month period if doing so would result in the Option becoming subject to Code Section
                                            409A.”

 

		(g)	Certain
                                            Adjustments Prohibited. Notwithstanding any provision in the Plan, no adjustment shall
                                            be made to the terms or conditions of an Option under the terms of the Plan, including without
                                            limitation Section 5 of the Plan, unless the adjustment would not otherwise cause adverse
                                            tax consequences to the U.S. Sub-Plan Participant under Code Section 409A or result in the
                                            loss of ISO status under Code Section 424, in the latter case without the U.S. Sub-Plan Participant’s
                                            consent.

 

	5.	Requirements
                                            of Law

 

		(a)	Securities
                                            Act Compliance. The Company shall not be required to transfer Shares or to sell or issue
                                            any Shares upon the exercise of any Option if the issuance of such Shares will result in
                                            a violation by the U.S. Sub-Plan Participant or the Company of any provisions of any law,
                                            statute or regulation of any governmental
authority. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Option to comply with
any law or regulations of any governmental authority, including, without limitation, the United States Securities Act of 1933, as amended,
or applicable state securities laws.

 

    20

     

    

 

		(b)	Code
                                            Section 409A. All other provisions of this U.S. Sub-Plan and the Plan notwithstanding,
                                            this U.S. Sub-Plan and the Plan shall be administered and construed so as to avoid any U.S.
                                            Sub-Plan Participant incurring any adverse tax consequences under Code Section 409A. The
                                            Board shall suspend the application of any provisions of the Plan that could, in its sole
                                            determination, result in an adverse tax consequence to any person under Code Section 409A.

 

	6.	Definitions

 

For
purposes of this U.S. Sub-Plan, the following terms shall have the following meanings.

 

		(a)	“Affiliated
                                            Company” means any corporation in a chain of corporations or other entities in
                                            which each corporation or other entity has a “controlling interest” (as defined
                                            in U.S. Treasury Regulation § 1.409A-1(b)(5)(iii)(E)(1)) in another corporation or other
                                            entity in the chain, ending with the Company.

 

		(b)	“Fair
                                            Market Value” means as of a particular date –

 

		(i)	If
                                            Shares are listed or admitted to trading on any national securities exchange or National
                                            Association of Securities Dealers, Inc. Automatic Quotation System (“NASDAQ”),
                                            then Fair Market Value shall mean the Closing Price for the Shares on that date. The “Closing
                                            Price” on any date shall mean the last sale price for the Shares, regular way, or,
                                            in case no such sale takes place on that day, the average of the closing bid and asked prices,
                                            regular way, for the Shares, in either case as reported in the principal consolidated transaction
                                            reporting system with respect to securities listed or admitted to trading on the national
                                            securities exchange or NASDAQ.

 

		(ii)	If
                                            the Shares are not at the time listed or admitted to trading on any national securities exchange
                                            or NASDAQ, then Fair Market Value shall be determined in good faith by the Board, which may
                                            take into consideration (1) the price paid for the Shares in the most recent trade of a substantial
                                            number of shares known to the Board to have occurred at arm’s length between willing
                                            and knowledgeable investors, (2) an appraisal by an independent party or (3) any other method
                                            of valuation undertaken in good faith by the Board, or some or all of the above as the Board
                                            shall in its discretion elect.

 

Notwithstanding
the preceding paragraph, the Board may adopt any other method in order to determine the Fair Market Value of a Share, as long as use
of such method will not give rise to adverse tax consequences under Code Section 409A.

 

		(c)	“U.S.
                                            Sub-Plan Option Agreement” means an agreement in such form as the Board shall approve
                                            from time to time, whereby the Company grants an Option to a U.S. Person pursuant to this
                                            U.S. Sub-Plan. A U.S. Sub-Plan Option Agreement shall be treated as an “Option Agreement”
                                            as that term is used in the Plan.

 

		(d)	“U.S.
                                            Sub-Plan Participant” means a U.S. Person who is granted an Option pursuant to
                                            this U.S. Sub-Plan and any person or entity to whom an Option granted under this U.S. Sub-Plan
                                            has been transferred pursuant to Section 3.1(c) of the Plan. A U.S. Sub-Plan Participant
                                            shall be treated as a “Participant” and an “Eligible Person” as those
                                            terms are used in the Plan.

 

 

21Exhibit 4.11

 

 

 

 

EQUITY PURCHASE AGREEMENT

 

by and among

 

CLEARRF NEVADA INC.

 

- and –

 

SIYATA MOBILE INC.

 

- and -

 

CLEAR RF LLC

 

- and -

 

THE SELLERS LISTED ON ANNEX B

 

- and -

 

TOD BYERS,

 

as the Sellers’ Representative

 

 

 

Dated March 23, 2021

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	 	Page
	Article
1 PURCHASE AND SALE 	2
	Section
    1.1.	Purchase
    and Sale of the Membership Units	2
	Section
    1.2.	Purchase
    Price	2
	Section
    1.3.	Closing	2
	Section
    1.4.	Clawback	3
	Section
    1.5.	Parent
    Guarantee	3
	 	 	 
	Article
    2 PURCHASE PRICE ADJUSTMENTS	3
	Section
    2.1.	Definitions	3
	Section
    2.2.	Closing
    Statements.	4
	Section
    2.3.	Purchase
    Price and Holdback Adjustments	5
	Section
    2.4.	Withholding
    of Taxes	6
	 	 	 
	Article
    3 REPRESENTATIONS AND WARRANTIES OF THE SELLERS	6
	Section
    3.1.	Authority
    and Enforceability	6
	Section
    3.2.	Conflicts	6
	Section
    3.3.	Litigation	7
	Section
    3.4.	Ownership
    of Membership Interests	7
	Section
    3.5.	Brokers’
    Fees	7
	Section
    3.6.	U.S.
    Securities Representations	7
	 	 	 
	Article
    4 REPRESENTATIONS AND WARRANTIES OF THE SELLERS IN
    RESPECT OF THE COMPANY	7
	Section
    4.1.	Organization
    and Power	7
	Section
    4.2.	Authority
    and Enforceability	8
	Section
    4.3.	Conflicts	8
	Section
    4.4.	Capitalization	8
	Section
    4.5.	Subsidiaries	8
	Section
    4.6.	Financial
    Statements	8
	Section
    4.7.	No
    Undisclosed Liabilities	9
	Section
    4.8.	Operations
    Since the Most Recent Balance Sheet Date	9
	Section
    4.9.	Taxes	10
	Section
    4.10.	Permits	11
	Section
    4.11.	Real
    Property	11
	Section
    4.12.	Intellectual
    Property	11
	Section
    4.13.	Compliance
    with Laws	12
	Section
    4.14.	Material
    Contracts	12
	Section
    4.15.	Employees	13
	Section
    4.16.	Employee
    Benefits	14
	Section
    4.17.	Litigation	14
	Section
    4.18.	Insurance	14
	Section
    4.19.	Assets	15
	Section
    4.20.	Transactions
    with Affiliates; No Claims Against Affiliates.	15

 

     

     

    

 

	Section
    4.21.	Bank
    Accounts	15
	Section
    4.22.	Suppliers
    and Customers	15
	Section
    4.23.	Foreign
    Corrupt Practices Act	16
	Section
    4.24.	Brokers’
    Fees	16
	Section
    4.25.	Accounts
    Receivable	16
	 	 	 
	Article
    5 REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
    AND THE PARENT	16
	Section
    5.1.	Organization
    and Power	16
	Section
    5.2.	Authority
    and Enforceability	17
	Section
    5.3.	Conflicts	17
	Section
    5.4.	No
    Litigation	17
	Section
    5.5.	Public
    Disclosures	17
	Section
    5.6.	Trading	17
	Section
    5.7.	Brokers’
    Fees	17
	 	 	 
	Article
    6 COVENANTS AND ACKNOWLEDGMENTS	17
	Section
    6.1.	Stub
    Period Financial Statements	17
	Section
    6.2.	Restrictions
    on Trading	17
	Section
    6.3.	Share
    Consideration	18
	Section
    6.4.	Public
    Disclosure; Confidentiality	18
	Section
    6.5.	Non-Competition;
    Non-Solicitation	18
	Section
    6.6.	Tax
    Matters.	19
	Section
    6.7.	Certain
    Operational Issues	20
	 	 	 
	Article
    7 CONDITIONS TO CLOSING	20
	Section
    7.1.	Conditions
    to Mutual Obligations	20
	Section
    7.2.	Conditions
    to Obligations of the Purchaser and the Parent	20
	Section
    7.3.	Conditions
    to Obligations of the Sellers	21
	Section
    7.4.	Frustration
    of Closing Conditions	22
	Section
    7.5.	Waiver
    of Closing Conditions	22
	 	 	 
	Article
    8 INDEMNIFICATION	22
	Section
    8.1.	Survival	22
	Section
    8.2.	Indemnification
    by the Sellers	23
	Section
    8.3.	Indemnification
    by the Purchaser and the Parent	23
	Section
    8.4.	Limitations
    on Indemnification	23
	Section
    8.5.	Other
    Limitations	24
	Section
    8.6.	Third-Party
    Claim Indemnification Procedures	24
	Section
    8.7.	Direct
    Claim Indemnification Procedures	25
	Section
    8.8.	Characterization
    of Indemnification Payments	25
	Section
    8.9.	Sources
    of Recovery	25
	Section
    8.10.	Exclusive
    Remedy	25
	Section
    8.11.	Non-Recourse	25
	 	 	 
	Article
    9 MISCELLANEOUS	26
	Section
    9.1.	Interpretation	26

 

     

     

    

 

	Section
    9.2.	Sellers’
    Representative	26
	Section
    9.3.	Notices	27
	Section
    9.4.	Entire
    Agreement	27
	Section
    9.5.	Amendment;
    Waiver	27
	Section
    9.6.	No
    Assignment or Benefit to Third Parties	28
	Section
    9.7.	Expenses	28
	Section
    9.8.	Disclosure
    Schedule	28
	Section
    9.9.	Governing
    Law; Submission to Jurisdiction; Waiver of Jury Trial	28
	Section
    9.10.	Construction	29
	Section
    9.11.	Counterparts;
    Effectiveness	29
	Section
    9.12.	Severability	29
	Section
    9.13.	Time
    of Essence	29
	Section
    9.14.	No
    Rescission	29
	Section
    9.15.	Further
    Assurances	29
	Section
    9.16.	Interpretation	29

 

     

     

    

 

EQUITY PURCHASE AGREEMENT

 

This EQUITY PURCHASE AGREEMENT (this “Agreement”),
dated March 23, 2021, is entered into:

 

BY AND AMONG:

 

CLEARRF NEVADA INC., a corporation
formed pursuant to the laws of the State of Nevada

 

(the “Purchaser”)

 

AND:

 

SIYATA MOBILE INC., a corporation
formed pursuant to the laws of the Province of British Columbia

 

(the “Parent”)

 

AND:

 

CLEAR RF LLC, a limited liability
company formed pursuant to the laws of the State of Washington

 

(the “Company”)

 

AND:

 

THE SECURITYHOLDERS LISTED
ON ANNEX B

 

(collectively, the “Sellers”,
and each a “Seller”)

 

AND:

 

TOD BYERS, an individual resident
of the City of Spokane, Washington

 

(the “Sellers’
Representative”)

 

WHEREAS:

 

	 	A.	The Sellers own the membership interests in the Company as set forth on Annex B (the “Membership Interests”), representing all of the issued and outstanding equity interests of the Company;

 

	 	B.	The Purchaser is an indirectly and wholly-owned Subsidiary of the Parent; and

 

	 	C.	The Sellers desire to sell to the Purchaser, and the Purchaser desires to purchase from the Sellers, the Membership Interests, for the consideration and on the terms and subject to the conditions hereinafter provided.

 

NOW THEREFORE in consideration of the foregoing
premises and the representations, warranties, covenants, and undertakings contained herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, agree as follows:

 

     

     

    

 

Article
1

PURCHASE AND SALE

 

Section 1.1. Purchase and Sale of the Membership
Units. On the terms and subject to the conditions set forth in this Agreement, at the Closing, the Sellers shall sell, assign, transfer,
and deliver to the Purchaser, and the Purchaser shall purchase from the Sellers, the Membership Interests.

 

Section 1.2. Purchase Price. The purchase
price for the Membership Interests shall be the aggregate amount of $700,000 (the “Purchase Price”), subject to
adjustments pursuant to the terms of this Agreement. As consideration for the purchase and sale of the Membership Interests from Sellers
pursuant to Section 1.1, the Purchaser shall pay the Purchase Price as follows.

 

	 	(a)	at Closing, the Purchaser (and the Parent, as applicable) shall pay and deliver the following:

 

	 	(i)	$155,014.40 in cash (the “Closing Date Cash Consideration”), by wire transfer of immediately available funds, delivered to the Company in accordance with the wire transfer instructions attached hereto as Annex C, which shall be paid by the Company to each of the Sellers in accordance with their Percentage Interest (except for Griep, who shall receive a cash payment in accordance with his Percentage Interest multiplied by two); and

 

	 	(ii)	the number of restricted Parent Shares that is equal to $194,985.60 divided by the Current Market Price (the “Closing Date Consideration Shares”), which shall be delivered by Direct Registration System (DRS) advices registered to each the Sellers except Griep in accordance with their Percentage Interest and the registration instructions attached hereto as Annex D, each of which shall be delivered to the Sellers’ Representative for and on behalf of the applicable Seller;

 

	 	(b)	on the date that is one year after the Closing Date (the “Holdback Payment Date”), subject to adjustment pursuant to Section 2.3 and Article 8, the Purchaser (and the Parent, as applicable) shall pay and deliver the following (collectively, the “Holdback”):

 

	 	(i)	$155,014.40 in cash (the “Holdback Cash Amount”), by wire transfer of immediately available funds, delivered to the Sellers’ Representative in accordance with the wire transfer instructions attached hereto as Annex C, which shall be paid by the Sellers’ Representative to each of the Sellers in accordance with their Percentage Interest (except for Griep, who shall receive a cash payment in accordance with his Percentage Interest multiplied by two); and

 

	 	(ii)	the number of restricted Parent Shares that is equal to $194,985.60 (the “Holdback Consideration Shares Base Amount”) divided by the Current Market Price as of the Holdback Payment Date (the “Holdback Consideration Shares”), which shall be delivered by Direct Registration System (DRS) advices registered to the Sellers except Griep in accordance with their Percentage Interest and the registration instructions attached hereto as Annex D, each of which shall be delivered to the Sellers’ Representative for and on behalf of the applicable Seller.

 

Section 1.3. Closing. The closing of the
purchase and sale of the Membership Interests (the “Closing”) shall take place remotely via the exchange of executed
documents and other deliverables by PDF or other means of electronic delivery on a date to be mutually determined by the Purchaser,
the Parent, and the Sellers’ Representative (the “Closing Date”). The Closing shall be deemed to be effective
at 12:01 a.m. Pacific Time on the Closing Date, except as may otherwise be expressly provided herein.

 

    	 	2	 

     

    

 

Section 1.4. Clawback. Subject to any reduction
of the Holdback Cash Amount and/or the Holdback Consideration Shares Base Amount pursuant to the terms of this Agreement, including without
limitation Section 2.3 and Article 8, in the event that the Purchaser or the Parent fails to pay and deliver the Holdback (or any reduced
amount thereof) to the Sellers on the Holdback Payment Date pursuant to Section 1.2(b), then the Sellers’ Representative shall deliver
a written demand notice to the Purchaser and the Parent (the “Demand Notice”) in respect of any such outstanding Holdback
(or reduced amount thereof). The Purchaser shall deliver the Membership Interests to the Sellers, for no additional consideration and
in accordance with their Percentage Interests, within ten Business Days following the date the Demand Notice was received by the Purchaser
and the Parent. The Purchaser hereby grants, pledges, assigns, and transfers to the Sellers a continuing, first priority security interest
in the Membership Interests to secure Purchaser’s full and punctual payment of any Holdback. The Purchaser consents to such actions
as the Sellers may take to perfect and maintain the perfection of the security interest, including the filing of a UCC-1 financing statement
with the appropriate Governmental Authority. The Sellers’ first priority security interest in the Membership Interests shall terminate
on the earlier of (a) the payment of the Holdback by the Purchaser pursuant to this Agreement, or (b) the date on which no Holdback remains
payable pursuant to this Agreement. Following the termination of such security interest, the Purchaser may terminate any such financing
statement and make any applicable filings in respect thereof.

 

Section 1.5. Parent Guarantee. The Parent
hereby absolutely, unconditionally, and irrevocably guarantees, as a primary obligor and not as surety, for the benefit of each Seller
and their respective heir and permitted assigns, the full and punctual payment when due of the Purchase Price and any other amounts required
to be paid under this Agreement (“Guarantee”). The Guarantee is a guarantee of payment and not of collection. The Sellers
shall not be required, before or as a condition of enforcing the liability of Parent under the Guarantee, to make any effort to obtain
payment from the Purchaser or any other person. The Parent expressly waives any and all defenses and all benefits that it may have under
applicable suretyship or similar laws, whether now or hereafter in effect.

 

Article
2

PURCHASE PRICE ADJUSTMENTS

 

Section 2.1. Definitions. In this Article
2, the following terms shall have the following meanings:

 

	 	(a)	“Accounts Payable” means all accounts payable of the Company, including accrued expenses, accrued salaries and wages, vacation payable, amounts payable in respect of guarantees or warranties granted by the Company on its products sold prior to Closing, and other similar accruals, in each case determined in accordance with GAAP and on a historical basis for accrual purposes;

 

	 	(b)	“Accounts Receivable” means all accounts receivable, trade accounts receivable, notes receivable, book debts, and other debts, net of any required allowance due or accruing due to the Company, and the full benefit of any related security;

 

	 	(c)	“Current Assets” means, in respect of the Company, without duplication, all Accounts Receivable, prepaid expenses, inventory, deposits, financial assets, advances to suppliers and assets held for sale, but excluding (i) the portion of any prepaid expense of which the Company will not receive the benefit following Closing, in each case determined in accordance with GAAP; and (ii) obsolete inventory based on the lower of cost or market value;

 

	 	(d)	“Current Liabilities” means, in respect of the Company, without duplication, all Accounts Payable, accrued expenses, deferred revenue, advance payments, deferred wages, trade credit, or other obligations due for payment within one calendar year, but excluding (i) the current portion of long term debt or Indebtedness of the Company; (ii) deferred and future Tax liabilities, in each case determined in accordance with GAAP; and

 

	 	(e)	“Working Capital” means, at the applicable time, the difference in the value of the Current Assets and the Current Liabilities.

 

    	 	3	 

     

    

 

Section 2.2. Closing
Statements.

 

	 	(a)	As soon as possible, but not later than 60 days, following the Closing Date, the Purchaser shall prepare and deliver to the Sellers’ Representative the following (collectively, the “Closing Statements”):

 

	 	(i)	a calculation of the Working Capital as of 12:01 a.m. (Pacific Time) on the Closing Date (the “Closing Working Capital”);

 

	 	(ii)	the amount by which the Closing Working Capital exceeds or is less than, as the case may be, the Target Working Capital; and

 

	 	(iii)	the Purchase Price, as adjusted in accordance with Section 2.3.

 

	 	(b)	The Sellers’ Representative shall have 30 days from receipt of the Closing Statements (the “Review Period”) within which to review the Closing Statements. During the Review Period, the Purchaser will cause the Company to provide the Sellers’ Representative and its authorized Representatives with reasonable access, during normal business hours, to the personnel and financial Books and Records of the Company for the purpose of enabling the Sellers’ Representative to review the Closing Statements. If the Sellers’ Representative acting in good faith and in consultation with its independent accounting advisors dispute any matters set out in the Closing Statements, then the Sellers’ Representative may deliver written notice (an “Objection Notice”) to the Purchaser within the Review Period setting forth in detail the particular matters in the Closing Statements to which the Sellers’ Representative objects (the “Disputed Items”). If the Sellers’ Representative does not deliver an Objection Notice to the Purchaser within the Review Period, then the Sellers’ Representative shall be deemed to have accepted the Closing Statements. If the Sellers’ Representative delivers an Objection Notice to the Purchaser within the Review Period, then: (i) the Purchaser and the Sellers’ Representative shall work expeditiously and in good faith in an attempt to resolve all of the Disputed Items within 15 days of receipt of the Objection Notice (the “Discussion Period”); and (ii) all matters in the Closing Statements, other than the Disputed Items, shall be deemed to have been accepted by the Sellers’ Representative. If all Disputed Items are not resolved within the Discussion Period, the Purchaser and the Sellers’ Representative shall within ten days following the end of the Discussion Period appoint a registered chartered professional accountant to be selected mutually by the Purchaser and the Sellers’ Representative (the “Closing Statements Dispute Auditor”) to resolve the remaining items in dispute. The Closing Statements Dispute Auditor may be any Person who has been retained by any of the parties to provide audit, accounting, or advisory services to such party prior to the Closing Date.

 

	 	(c)	Within ten Business Days of the appointment of the Closing Statements Dispute Auditor, the Purchaser and the Sellers’ Representative shall furnish to the Closing Statements Dispute Auditor and to each other those working papers, schedules and other documents, accounting books and records, and information relating to the Disputed Items that are available to the Purchaser and the Sellers’ Representative or their respective Representatives as the Closing Statements Dispute Auditor may require together with their respective written statements in support of their respective positions with respect to the Disputed Items. The Purchaser and the Sellers’ Representative shall be allowed one opportunity to respond to the submissions of the Purchaser and the Sellers’ Representative, as the case may be, within five Business Days of the receipt of such submissions from the Closing Statements Dispute Auditor. The Purchaser and the Sellers’ Representative shall instruct the Closing Statements Dispute Auditor that: (i) time is of the essence in proceeding with its determination of the Disputed Items and the Closing Statements Dispute Auditor shall use its best efforts to deliver the decision of the Closing Statements Dispute Auditor with respect to the Disputed Items within a reasonable period of time (not to exceed 30 days) following receipt of the submissions from the Purchaser and the Sellers’ Representative; and (ii) in making its determination of the Disputed Items, the Closing Statements Dispute Auditor may not award to the Purchaser or the Sellers (as applicable) an amount greater than the amount asserted by the Purchaser or the Sellers (as applicable); and (iii) its decision shall be in writing. The Closing Statements Dispute Auditor’s decision, absent any manifest error or prior agreement of the Purchaser and the Sellers’ Representative otherwise, shall be final and binding on the Purchaser and the Sellers with no rights of challenge, review, or appeal to the courts in any manner. The Closing Statements Dispute Auditor, in making its determination of the Disputed Items, will be acting as an expert and not as an arbitrator and will not be required to engage in a judicial inquiry worked out in a judicial manner.

 

    	 	4	 

     

    

 

	 	(d)	On agreement of the Purchaser and the Sellers’ Representative or the decision of the Closing Statements Dispute Auditor, as the case may be, with respect to the Disputed Items, the Closing Statements shall be deemed to be amended as may be necessary to reflect the agreement of the Purchaser and the Sellers’ Representative or the decision of the Closing Statements Dispute Auditor, as the case may be, and in this event, all references in this Agreement to the Closing Statements shall be deemed to be references to the Closing Statements as so amended.

 

	 	(e)	The Purchaser and the Sellers’ Representative shall each be responsible for its own costs and expenses in connection with the preparation and review of the Closing Statements and the calculations contained therein and the settlement of any Disputed Items. The fees and expenses of the Closing Statements Dispute Auditor pursuant to this Section 2.2 will be borne by the Purchaser and the Sellers’ Representative based upon the percentage which the aggregate portion of the contested amounts of the Disputed Items not awarded to the Purchaser and the Sellers’ Representative, as the case may be, bears to the aggregate amount actually contested by the Purchaser or the Sellers’ Representative, as the case may be (the “Cost Determination Percentage”). For example, if the Sellers’ Representative delivers an Objection Notice in which the Disputed Items claims the Purchase Price is $100,000 greater than the amount determined by the Purchaser in the Closing Statements, and the Purchaser contests only $50,000 of the amount claimed by the Sellers’ Representative, and if the Closing Statements Dispute Auditor ultimately resolves the dispute by awarding the Sellers’ Representative $30,000 of the $50,000 contested, then the costs and expenses of the Closing Statements Dispute Auditor will be allocated 60% (i.e., 30,000 ÷ 50,000) to the Purchaser and 40% (i.e., 20,000 ÷ 50,000) to the Sellers’ Representative. If the Cost Determination Percentage is 0% for the Purchaser or the Sellers’ Representative, as the case may be (the “Successful Party”), then the non-Successful Party shall pay in addition to the fees and expenses of the Closing Statements Dispute Auditor all of the Successful Party’s out-of-pocket fees and expenses incurred in connection with the resolution of the Disputed Items, including the out-of-pocket fees and expenses of the Successful Party’s legal counsel, accountants or other representatives or consultants engaged by such party to assist with the resolution of the Disputed Items, up to a maximum of $50,000.

 

Section 2.3. Purchase Price and Holdback Adjustments.

 

	 	(a)	If the Closing Working Capital is less than the Target Working Capital:

 

	 	(i)	the Purchase Price shall be adjusted downward by the full amount of such difference (the “Purchase Price Decrease”);

 

	 	(ii)	if the Purchase Price Decrease is less than or equal to $155,014.40:

 

	 	(A)	the Holdback Cash Amount shall be reduced by the amount of the Purchase Price Decrease and such portion of the Holdback Cash Amount shall cease to be payable to the Sellers and shall be for the benefit of the Purchaser; and

 

	 	(B)	the remaining balance of the Holdback Cash Amount shall be paid to the Sellers in accordance with Section 1.2(b)(i);

 

	 	(iii)	if the Purchase Price Decrease is greater than $155,014.40 and less than or equal to $350,000:

 

	 	(A)	the Holdback Cash Amount shall cease to be payable to the Sellers and shall be for the benefit of the Purchaser; and

 

	 	(B)	the Holdback Consideration Shares Base Amount shall be reduced by the amount of the Purchase Price Decrease less the Holdback Cash Amount; and

 

    	 	5	 

     

    

 

	 	(iv)	if the Purchase Price Decrease is greater than $350,000:

 

	 	(A)	the Holdback Cash Amount shall cease to be payable to the Sellers and shall be for the benefit of the Purchaser; and

 

	 	(B)	the Holdback Consideration Shares shall cease to be payable to the Sellers.

 

	 	(b)	Any decrease in the Purchase Price shall be allocated among the Sellers in accordance with their respective Percentage Interest.

 

	 	(c)	Notwithstanding the foregoing, in the event that prior to any adjustments pursuant to this Section 2.3 the Holdback Cash Amount and/or the Holdback Consideration Shares Base Amount are decreased pursuant to Article 8, then the provisions of this Section 2.3 shall be modified accordingly, such that any Purchase Price Decrease shall be taken first from the decreased Holdback Cash Amount and then from the decreased Holdback Consideration Shares Base Amount.

 

	 	(d)	The determination and adjustment of the Purchase Price in accordance with this Article 2 will not limit or affect any other rights or causes of action that the Purchaser or the Parent may have with respect to the representations, warranties, covenants, and indemnities in its favor contained in this Agreement.

 

Section 2.4. Withholding of Taxes. The
Purchaser and the Parent shall be permitted to deduct or withhold from all payments due to the Sellers, in accordance with the applicable
Tax legislation, and shall, upon request, provide the Sellers with such written documentation regarding all such amounts deducted or withheld.
Any amounts deducted pursuant to this Section 2.4 and remitted to the appropriate Governmental Authority shall be treated for all purposes
as having been paid to the appropriate Seller with respect to which such deduction or withholding was made.

 

Article
3

REPRESENTATIONS AND WARRANTIES OF THE SELLERS

 

As an inducement to the Purchaser and the Parent
to enter into this Agreement and to consummate the transactions contemplated hereby, each Seller represents and warrants, severally but
not jointly, to the Purchaser and the Parent as set forth in this Article 3 at and as of the date hereof as follows (except as
set forth in the corresponding section of the Disclosure Schedule or in any other section of the Disclosure Schedule if the application
of the disclosure to the first section is reasonably apparent):

 

Section 3.1. Authority and Enforceability.
Such Seller has all requisite power and authority, and has taken all action necessary, to execute and deliver this Agreement and to perform
such Seller’s obligations hereunder. This Agreement (a) has been duly executed and delivered by such Seller; (b) assuming the due
authorization, execution, and delivery by the Purchaser and the Parent, constitutes the legal, valid, and binding obligations of such
Seller; and (c) is Enforceable against such Seller.

 

Section 3.2. Conflicts. The execution and
delivery by such Seller of this Agreement and the performance by it of its obligations hereunder, do not and will not:

 

	 	(a)	(i) conflict with or violate any provision of any Law, (ii) conflict with or violate any Order to which such Seller is subject, or (iii) require a registration, filing, application, notice, consent, approval, order, qualification, or waiver with, to or from any Governmental Authority or any other Person on the part of such Seller;

 

	 	(b)	(i) require a consent, approval, or waiver from, or notice to, any party to any Contract to which such Seller is a party; (ii) result in a breach of, constitute a default under, or result in the acceleration of material obligations, loss of material benefit, or increase in any material liabilities or fees under, or create in any party the right to terminate, cancel, or modify, any Contract to which such Seller is a party; (iii) result in a breach of any fiduciary obligations or similar obligations of such Seller to the Company or to Servatron or its Affiliates; or (iv) result in a breach of any corporate opportunity doctrine or similar obligations of such Seller to the Company or to Servatron or its Affiliates; or

 

	 	(c)	result in the creation of any Liens on the Membership Interests.

 

    	 	6	 

     

    

 

Section 3.3. Litigation. There is no Legal
Proceeding presently pending or, to the actual knowledge of such Seller, threatened against such Seller that would reasonably be expected
to prevent, hinder, or delay the consummation of the transactions contemplated hereby. Such Seller is not subject to any outstanding Order
that would reasonably be expected to prevent, hinder, or delay the consummation of the transactions contemplated hereby, nor is such Seller
a party or, to the actual knowledge of such Seller, threatened in writing to be made a party, to any such Order.

 

Section 3.4. Ownership of Membership Interests.
Such Seller is the owner of the number of Class A Units or Class B Units of the Company as set forth on Annex B, free and clear
of Liens. Such Seller does not own any other membership interests or securities of the Company (“Other Company Securities”),
other than the Membership Interests, and such Seller is not a party to any option, warrant, right, Contract, call, put, or other agreement
or commitment providing for the disposition or acquisition of any of the Membership Interests, or any Other Company Securities, nor is
such Seller a party to any voting trust, proxy, or other agreement or understanding with respect to the voting of any of the Membership
Interests or any Other Company Securities.

 

Section 3.5. Brokers’ Fees. Such
Seller has not become obligated to pay any fee or commission to any broker, finder, or intermediary for or on account of the transactions
contemplated by this Agreement.

 

Section 3.6. U.S. Securities Representations.
Each Seller, for itself and for no other Seller, hereby represents and warrants as of the date hereof and as of the Closing Date and the
issuance of the Holdback Consideration Shares, to the Purchaser and the Parent, as follows (unless as of a specific date therein, in which
case they shall be accurate as of such date): (i) at the time such Seller was offered the Consideration Shares, it was, and as of the
date hereof it is either (A) an “accredited investor” as defined in Rule 501(a)(5) or (6) under the Securities Act, or
(B) such Seller, either alone or together with its representatives, has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Consideration Shares, and
has so evaluated the merits and risks of such investment; such Seller is able to bear the economic risk of an investment in the Consideration
Shares and, at the present time, is able to afford a complete loss of such investment; and (ii) such Seller is not purchasing the Consideration
Shares as a result of any advertisement, article, notice, or other communication regarding the Consideration Shares published in any newspaper,
magazine, or similar media or broadcast over television or radio or presented at any seminar or, to the knowledge of such Seller, any
other general solicitation or general advertisement.

 

Article
4

REPRESENTATIONS AND WARRANTIES OF THE SELLERS

IN RESPECT OF THE COMPANY

 

As an inducement to the Purchaser and the Parent
to enter into this Agreement and to consummate the transactions contemplated hereby, each of the Sellers represents and warrants, jointly
and severally, to the Purchaser and the Parent as of the date hereof as follows (except as set forth in the corresponding section of the
Disclosure Schedule or in any other section of the Disclosure Schedule if the application of the disclosure to the first section is reasonably
apparent):

 

Section 4.1. Organization
and Power.

 

	 	(a)	The Company is a limited liability company duly organized and validly existing and in good standing under the Laws of the State of Washington.

 

	 	(b)	The Company has the organizational power and authority to own or lease the assets it purports to own or lease and to carry on its business in substantially the same manner as currently conducted.

 

	 	(c)	The Company is licensed or qualified to conduct its business and is in good standing in every jurisdiction where it is required to be so licensed or qualified, except where the failure to be so licensed or qualified would not have a Material Adverse Effect.

 

    	 	7	 

     

    

 

Section 4.2. Authority and Enforceability.

 

	 	(a)	The Company has all requisite limited liability company power and authority, and has taken all limited liability company action necessary, to execute and deliver this Agreement and to perform its obligations hereunder.

 

	 	(b)	This Agreement (i) has been duly authorized, executed, and delivered by the Company; (ii) assuming the due authorization, execution, and delivery by the Purchaser and the Parent, constitutes the legal, valid, and binding obligation of the Company; and (iii) is Enforceable against the Company.

 

Section 4.3. Conflicts. The execution and
delivery by the Company of this Agreement and the performance by it of its obligations hereunder, do not and will not:

 

	 	(a)	violate any provision of the Organizational Documents of the Company;

 

	 	(b)	(i) violate any provision of Law relating to the Company, other than any violation that would not individually or in the aggregate be reasonably likely to have a Material Adverse Effect; or (ii) require a registration, filing, application, notice, consent, approval, order, qualification, or waiver with, to or from any Governmental Authority on the part of the Company, other than such registrations, filings, applications, notices, consents, approvals, orders, qualifications, or waivers that, if not obtained, would not individually or in the aggregate be reasonably likely to have a Material Adverse Effect; or

 

	 	(c)	materially conflict with, or result in the material breach of, or constitute a material default under, or result in the termination, cancellation, material modification, or acceleration (whether after the filing of notice or the lapse of time or both) of any material right or obligation of the Company under, or result in a loss of any benefit to which the Company is entitled under, any Material Contract.

 

Section 4.4. Capitalization.

 

	 	(a)	Annex B sets forth the total authorized membership interests of the Company, the number and class of shares of such membership interests that are issued and outstanding, and the names and addresses of the holders thereof. There are no options to purchase any membership interests or other Equity Securities of the Company. All issued and outstanding Equity Securities of the Company are validly issued.

 

	 	(b)	There are no preemptive or other outstanding rights, options, warrants, conversion rights, stock appreciation rights, redemption rights, repurchase rights, agreements, arrangements or commitments of any character under which the Company is or may become obligated to issue or sell, or give any Person a right to subscribe for or acquire, or in any way dispose of, any shares or equity interests, or any securities or obligations exercisable or exchangeable for or convertible into any shares or equity interests, of the Company, and no securities or obligations evidencing such rights are authorized, issued or outstanding.

 

Section 4.5. Subsidiaries. The Company
does not have, and has never had, any Subsidiaries. The Company is not a participant in any joint venture, partnership, or similar arrangement.

 

Section 4.6. Financial Statements.

 

	 	(a)	The Company has delivered to the Purchaser: (a) true and complete copies of the Company’s unaudited balance sheet dated December 31, 2020 (the “Most Recent Balance Sheet Date”) and the related unaudited statements of income and cash flows for the twelve-month period then ended (together, the “Most Recent Financial Statements”), and (b) true and complete copies of the Company’s unaudited balance sheets dated December 31, 2018, and December 31, 2019, and the related unaudited statements of income and cash flows for the fiscal years then ended (together with the Most Recent Financial Statements, the “Financial Statements”).

 

	 	(b)	Except as set forth in the notes to the Financial Statements, the Financial Statements and the Stub Period Financial Statements (defined below) have been prepared in accordance with GAAP and present fairly, in all material respects, the financial position of the Company as at and for the respective periods then ended.

 

    	 	8	 

     

    

 

Section 4.7. No Undisclosed Liabilities.
The Company does not have any liabilities of a nature required by GAAP to be reflected on or disclosed in the footnotes to a balance sheet
of the Company except for: (a) liabilities disclosed, reflected, or reserved against on the Most Recent Financial Statements; (b) liabilities
incurred since the Most Recent Balance Sheet Date in the ordinary course of business; (c) the matters disclosed in or arising out
of matters set forth on the Disclosure Schedule; (d) liabilities and obligations incurred in connection with this Agreement and the
transactions contemplated hereby; and (e) non-material liabilities.

 

Section 4.8. Operations Since the Most Recent
Balance Sheet Date. Except as set forth in Section 4.8 of the Disclosure Schedules or otherwise contemplated hereby, since
the Most Recent Balance Sheet Date the Company has not:

 

	 	(a)	experienced a Material Adverse Effect;

 

	 	(b)	entered into any amendment of its Organizational Documents;

 

	 	(c)	made, declared, set aside, or paid any dividend on, or other distribution (whether in cash, equity, or property) in respect of, any of its membership interests;

 

	 	(d)	made any investment in, or any loan, advance, or capital contribution to, any other Person;

 

	 	(e)	entered into any Contract for the purchase or lease (as lessor or lessee) of real property;

 

	 	(f)	created, incurred, assumed, or agreed to create, incur, or assume or guarantee, any Indebtedness other than money borrowed or advanced from any Affiliate of the Company in the ordinary course of business or under existing lines of credit;

 

	 	(g)	materially reevaluated its material assets, excluding writing-off or discounting of notes, accounts receivable, or other assets in the ordinary course of business consistent with past practice;

 

	 	(h)	instituted any material increase in, entered into, terminated, or adopted any Benefit Plan;

 

	 	(i)	made any material change in the accounting principles, methods, practices, or policies applied in the preparation of the Financial Statements, unless such change was required by consistently applied accounting principles, a disclosure of the changes in accounting policies and/or methodologies, or by applicable Law;

 

	 	(j)	made or changed any material Tax election, changed any annual tax accounting period, adopted or changed any material method of Tax accounting, filed any amended Tax Return, entered into any closing agreement, settled any material Tax claim or assessment, surrendered any right to a material Tax refund, or consented to any extension or waiver of the limitations period applicable to any Tax claim or assessment;

 

	 	(k)	accelerated, wrote off, or discounted any accounts receivable of the Company;

 

	 	(l)	delayed in paying any payables or other liabilities when due or deferred expenses, in each case;

 

	 	(m)	entered into any Contract which would be included in the definition of Material Contract or made any material modification to any existing Material Contract, in each case other than any Contracts or extensions: (A) with a term of less than one year, or (B) that are entered into or modified in the ordinary course of business; or

 

	 	(n)	authorized, approved, or agreed to do any of the foregoing.

 

    	 	9	 

     

    

 

Section 4.9. Taxes.

 

	 	(a)	The Company has timely filed all Tax Returns required to be filed by it on or before the Closing Date. All such Tax Returns are true, correct, and complete. The Company has fully and timely paid and discharged all Taxes required to be paid by it (whether or not shown on any Tax Returns). The Company is not currently the beneficiary of any extension of time within which to file any Tax Return.

 

	 	(b)	Prior to the Closing Date, the Company has delivered to the Purchaser all Tax Returns, notices of assessment or reassessment, and other Tax filings in connection with the Company’s previous five fiscal year ends. All such Tax Returns, notices, and filings are true, correct, and complete.

 

	 	(c)	The Company has properly classified its independent contractors for Tax purposes. The Company has withheld, collected, and paid over to the appropriate Governmental Authorities all Taxes required by Law to be withheld or collected from amounts paid or owing to any employee, equity holders, creditor, holder of securities, or to other Third Party, and has complied in all material respects with all information reporting and backup withholding requirements, including maintenance of required records with respect thereto.

 

	 	(d)	The Company’s liability for unpaid Taxes: (i) did not, as of the Most Recent Balance Sheet Date, exceed the reserve for Tax liability (excluding reserves for deferred Tax assets or deferred Tax liabilities) set forth on the face of the balance sheet included in the Most Recent Financial Statements and (ii) does not exceed that reserve as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company in filing its Tax Returns.

 

	 	(e)	The Company has not been subject to any audit by any Taxing Authority for Taxes, and there is no dispute or claim concerning any Tax liability of the Company that any Taxing Authority has (i) claimed or raised in writing, or (ii) to the Company’s Knowledge, threatened.

 

	 	(f)	The Company is not a party to or bound by any Tax Sharing Agreement with any Person.

 

	 	(g)	No written claim has ever been made by a Taxing Authority in a jurisdiction where the Company does not file Tax Returns that the Company is or may be subject to taxation by such jurisdiction.

 

	 	(h)	The Company has not waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency, which waiver or agreement is still in effect.

 

	 	(i)	There are no Liens for Taxes (other than for Permitted Liens) upon any of the assets of the Company.

 

	 	(j)	There are no closing agreements, ruling requests, subpoenas, or requests for information or similar arrangements with any Governmental Authority with respect to the determination of the Tax liability of the Company that would have continuing effect on periods (or portions thereof) ending after the Closing Date.

 

	 	(k)	No power of attorney has been given by or is binding upon the Company with respect to Taxes or Tax Returns for any period for which the statute of limitations (including any waivers or extensions thereof) has not yet expired.

 

	 	(l)	The Company has no outstanding assessments for Taxes, and to the Company’s Knowledge there is no threatened or potential assessment or other proceedings, negotiations or investigations in respect of Taxes, against the Company.

 

    	 	10	 

     

    

 

Section 4.10. Permits. The Company holds
all Permits that are necessary to entitle it to own or lease, operate, and use its assets and to carry on and conduct its business in
substantially the same manner as currently conducted. All of the Permits held by the Company are listed on Section 4.10 of the
Disclosure Schedule and are in full force and effect. During the past two years, no material violations are or have been recorded in respect
of any such Permits. No proceeding is pending or, to the Knowledge of the Company, threatened to revoke or limit any such Permit. During
the past two years, the Company has not received any written notice from any Governmental Authority regarding a violation of, conflict
with, or failure to comply with, any term or requirement of any Permit.

 

Section 4.11. Real Property. The Company
does not own or lease, and has never owned or leased, any real property.

 

Section 4.12. Intellectual Property.

 

	 	(a)	Section 4.12(a) of the Disclosure Schedule contains a complete and correct list of all active registrations of, and all pending applications to register, any Company Intellectual Property, including the jurisdictions in which such Company Intellectual Property is registered. The registered Company Intellectual Property is duly registered in the name of the Company, and not subject to any pending cancellation, interference, reissue, or reexamination proceeding. The Company Intellectual Property is exclusively owned by the Company, free and clear of all Liens (except Permitted Liens). No Person (including, for greater certainty, Servatron, the Sellers, and any of their Affiliates or Representatives) has any Liens or claims, or any reasonable grounds to make any bona fide claims, in respect of any Company Intellectual Property.

 

	 	(b)	Except for shrink-wrap licenses, other licenses for off-the-shelf software or Publicly Available Software, Section 4.12(b) of the Disclosure Schedule sets forth a complete list of all licenses, sublicenses, and other written agreements used in the conduct of the business of the Company under which the Company is a licensee or otherwise is authorized to use any Intellectual Property other than the Company Intellectual Property (“Licensed Intellectual Property”), true and complete copies of which have been delivered to the Purchaser. The Company is not in material breach of or in material default under any agreements for Licensed Intellectual Property.

 

	 	(c)	No written claim has been brought or made against the Company: (i) alleging that any Company Intellectual Property infringes on or misappropriates the Intellectual Property of another Person; (ii) challenging the ownership, right to use, or validity of the Company Intellectual Property; or (iii) opposing or attempting to cancel the Company’s rights in the Company Intellectual Property. No Legal Proceeding is pending or, to the Knowledge of the Company, threatened with respect to any Company Intellectual Property. To the Knowledge of the Company, no Person is infringing upon or otherwise violating the rights of the Company in the Company Intellectual Property. To the Knowledge of the Company, the products of the Company, as currently provided by the Company, do not materially infringe or misappropriate any Intellectual Property right owned by any Person.

 

	 	(d)	No Patent owned or purported to be owned by the Company has been or is now involved in any reissue, re-examination, review, or opposition proceeding.

 

	 	(e)	The Company has taken reasonable steps to preserve and protect the confidentiality and ownership of all Company Intellectual Property which would reasonably be considered to be confidential and proprietary, whether owned or licensed by the Company from a Third Party. No current or former employee, officer or, director, or independent contractor of the Company has made written claim to the Company that such Third Party owns any proprietary, financial, or other interest, direct or indirect, in any Company Intellectual Property. Without limiting the generality of the foregoing, the Company has entered into written agreements (true, correct, and complete copies of which have been delivered by the Company to the Purchaser) with each current and former employee and independent contractor of the Company who has been involved with the development or creation of any Company Intellectual Property, whereby such employees and independent contractors have: (i) assigned exclusively to the Company all right, title, and interest they have or may have in the Company Intellectual Property; and (ii) agreed to maintain the confidentiality of the Company Intellectual Property and other proprietary information of the Company. No current or former employee or independent contractor of the Company who has been involved with the development or creation of any Company Intellectual Property has refused to enter into such an agreement. No such current or former employee or current or former independent contractor of the Company is in violation or breach of any term of any such Contract.

 

    	 	11	 

     

    

 

	 	(f)	No Company Intellectual Property or, to the Knowledge of the Company, any Licensed Intellectual Property, is subject to any proceeding or order that (i) restricts in any manner the use, sale, assignment, license, or lease thereof by the Company; or (ii) challenges the validity, subsistence, or enforceability thereof.

 

	 	(g)	The computer systems, including software, hardware, networks and/or interfaces, that are owned, licensed, leased, or otherwise used by the Company are sufficient, in all material respects, for the conduct of their business, as presently conducted. In the last 24 months, there have been no failures, breakdowns, or continued substandard performance in such systems that have caused any material disruption or interruption in or to the conduct of their business that has not been corrected. To the Knowledge of the Company, none of the software products included in the Company Intellectual Property and none of the software products included in the Licensed Intellectual Property, contains any “back door”, “time bomb”, “Trojan horse”, “worm”, “drop dead device”, “virus”, or “malware” (as these terms are commonly used in the computer software industry). To the Knowledge of the Company, none of the software products included in the Company Intellectual Property contain, incorporate, link or call to, or otherwise use any open source software in a manner that obligates the Company to disclose, make available, offer or deliver any portion of the source code of such software products or component thereof to any Person other than the applicable open source software. To the Company’s Knowledge, there has been no security breach relating to, no violation of any security policy regarding, and no unauthorized access to or unauthorized use of, any personal information stored by or on behalf of the Company in the last twenty-four months.

 

	 	(h)	Following the Closing Date, the Purchaser will have the same rights and privileges in the Company Intellectual Property as the Company had in the Company Intellectual Property immediately prior to the Closing.

 

Section 4.13. Compliance with Laws. The
Company is and has been during the past three years in material compliance with all Laws. The Company has not received any written notice
during the past three years alleging that (a) it is not in material compliance with any Law or has in the past not been in material compliance
with any applicable Laws, or (b) any Governmental Authority intends to initiate any Legal Proceeding against the Company or any of its
material assets or properties.

 

Section 4.14. Material Contracts.

 

	 	(a)	Section 4.14 of the Disclosure Schedule sets forth a list of the following Contracts in effect as of the date hereof to which the Company is a party (the “Material Contracts”):

 

	 	(i)	all Contracts not fully performed providing for the performance of services or delivery of goods or materials by or to the Company and which requires consideration to be furnished, or which would reasonably be expected to result in consideration to be furnished, during the 12-month period either ending on or commencing on the date of this Agreement;

 

	 	(ii)	all Contracts that require the Company to purchase its total requirements of any product or service from a Third Party;

 

	 	(iii)	all Contracts providing for the Company to be the exclusive provider of any product or service to any Person;

 

	 	(iv)	all Contracts that relate to the acquisition or disposition of any business, a material amount of stock or assets of any other Person or any real property (whether by merger, sale of securities, sale of assets, or otherwise);

 

	 	(v)	all Contracts with distributors and sales representatives;

 

	 	(vi)	all Contracts with any Governmental Authority;

 

    	 	12	 

     

    

 

	 	(vii)	all Contracts that limit or purport to limit the ability of the Company to compete in any line of business or with any Person or in any geographic area or during any period of time, that restricts the ability of the Company to do business with any Person or hire or solicit any Person, or that restricts the right of the Company to sell to or purchase from any Person, or that grants the other party or any third person “most favored nation” status or any type of special discount rights;

 

	 	(viii)	all Contracts for any joint venture, partnership, or similar arrangement by the Company;

 

	 	(ix)	agreements which relate to Indebtedness (excluding, for the avoidance of doubt, Contracts evidencing liabilities with respect to deposits and accounts, trade payables, letters of credit, or capital leases made in the ordinary course of business);

 

	 	(x)	mortgages, pledges, or security agreements or similar arrangements constituting a Lien upon the assets or properties of the Company;

 

	 	(xi)	agreements for the sale or purchase of personal property having a value individually, with respect to all sales or purchases thereunder, in excess of $50,000;

 

	 	(xii)	each Contract with any director, officer, employee, or consultant of the Company on a full-time, part-time, consulting, or requiring the Company to pay severance or separation payments, change in control payments, or any retention or similar transaction bonus;

 

	 	(xiii)	each Contract between or among the Company, on the one hand, and any Seller or any Affiliate of any Seller on the other hand; and

 

	 	(xiv)	all Contracts to enter into any of the foregoing.

 

	 	(b)	All Material Contracts are in full force and effect against the Company and, to the Knowledge of the Company, each other party thereto, in each case in accordance with the express terms thereof. There does not exist under any Material Contract any material violation, breach or event of default, or alleged material violation, breach, or event of default, or event or condition that, after notice or lapse of time or both, would constitute a material violation, breach, or event of default thereunder on the part of the Company including, without limitation, in connection with any Indebtedness. The Company has not, and to the Knowledge of the Company no party to any Material Contract has, repudiated any provision of any such Material Contract. The Company has not received written notice that any party to a Material Contract intends to cancel or terminate such Material Contract.

 

	 	(c)	The Sellers have delivered to the Purchaser a true, correct, and complete copy of each written Material Contract, including all amendments, waivers, supplements, or modifications thereto, along with a summary of each of the material terms of each oral Material Contract.

 

Section 4.15. Employees.

 

	 	(a)	Section 4.15(a) of the Disclosure Schedule contains a list of all Employees as of the date hereof and sets forth for each such individual the following as of the date hereof: (i) name; (ii) title or position (including whether full or part time); (iii) hire date; (iv) current annual base compensation rate for exempt employees and hourly rate for nonexempt employees; (v) commission, bonus, or other incentive-based compensation; (vi) accrued and unused paid vacation and other paid leave; and (vii) a description of any material fringe benefits provided to each such individual.

 

	 	(b)	Section 4.15(b) of the Disclosure Schedule contains a list of: (i) all employment agreements to which the Company is a party as of the date hereof, other than employment agreements terminable by either party at-will and without any severance or advance notice obligation on the part of the Company that is not otherwise required by Law; and (ii) all other agreements that entitle any Employee to compensation, severance, or other consideration as a result of the acquisition by any Person of control of the Company.

 

    	 	13	 

     

    

 

	 	(c)	The Company is not a party to any collective bargaining agreement, nor has it made any proposals regarding the terms of any collective bargaining agreement. The Company is not subject to any: (i) unfair labor practice complaint pending before a Governmental Authority or, to the Knowledge of the Company, threatened in writing before the applicable Governmental Authority; (ii) pending or, to the Knowledge of the Company, threatened labor strike, slowdown, work stoppage, lockout, or other organized labor disturbance; or (iii) to the Knowledge of the Company, union organization efforts or attempts by any union to represent Employees as a collective bargaining agent.

 

	 	(d)	There are no claims, disputes, grievances, or controversies pending or, to the Knowledge of the Company, threatened in writing involving any Employee or group of Employees. To the Knowledge of the Company, there are no written threats, charges, investigations, administrative proceedings, or formal complaints of discrimination (including discrimination based upon sex, age, marital status, race, national origin, sexual orientation, disability, or veteran status) pending against the Company pertaining to any Employee.

 

	 	(e)	The Company is in compliance in all material respects with Laws regarding employment and employment practices, including all applicable Laws relating to wages, hours, paid sick leave, overtime, collective bargaining, employment discrimination, civil rights, safety and health, workers’ compensation, pay equity, classification of employees and independent contractors, and the collection and payment of withholding and/or social security Taxes.

 

	 	(f)	To the Knowledge of the Company, each employee of the Company is (i) a United States citizen, (ii) a lawful permanent resident of the United States, or (iii) an alien authorized to work in the United States either specifically for the Company or for any United States employer.

 

	 	(g)	Within the three years preceding the date of this Agreement, the Company has not had pending or resolved against it any form of litigation, governmental audit or investigation, administrative agency proceeding, or private dispute resolution procedure with respect to employment or labor matters (including allegations of employment discrimination, retaliation, noncompliance with wage and hour laws or unfair labor practices).

 

Section 4.16. Employee Benefits. The Company
does not have, and has never had, any Benefit Plans.

 

Section 4.17. Litigation. There is no Legal
Proceeding presently pending against the Company, or, to the Knowledge of the Company, threatened against the Company, the outcome of
which would reasonably be expected to result in a Material Adverse Effect. The Company is not subject to any outstanding Order. During
the past three years, the Company has not received any written notice or other written communication from any Governmental Authority regarding
any actual violation of, or failure to comply with, any term or requirement of any material Order to which the Company is subject.

 

Section 4.18. Insurance. Section 4.18
of the Disclosure Schedule sets forth accurate and complete list of all insurance policies maintained by the Company. The Company has
delivered to the Purchaser true, correct, and complete copies of such insurance policies, including all amendments, waivers, supplements,
or modifications thereto. Such insurance policies are currently effective and are of such types and amounts as are consistent with customary
practices and standards of companies engaged in businesses similar to the business of the Company, and do not rely on self-insurance (other
than customary deductibles, co-insurance, and retentions). All premiums with respect to such insurance policies are currently paid in
accordance with the terms of such policies. The Company is in compliance in all material respects with all other terms and conditions
of such insurance policies and (a) no material dispute with any insurance carrier exists with respect to the scope of any insurance coverage;
(b) the Company has not received any written or, to the Knowledge of the Company, oral notice of cancellation, termination, non-renewal,
or reduction in coverage or any other written or, to the Knowledge of the Company, oral indication that any insurance policy is no longer
in full force and effect or will not be renewed; and (c) the Company has not received any written or, to the Knowledge of the Company,
oral refusal of coverage or any written notice that a defense will be afforded with reservation of rights (other than a general reservation
of rights with respect to a claim (that, to the Knowledge of the Company, is a covered claim)). To the Knowledge of the Company, the Company
has not done or omitted to do anything that might render any such policy void or unenforceable or otherwise limit, prejudice or reduce
recovery under any such policy. The Company has not made any claim under any such policy, during the three years prior to the date of
this Agreement.

 

    	 	14	 

     

    

 

Section 4.19. Assets. The Company has legal
title to all of the assets and properties it purports to own, whether real, personal, tangible or intangible, free and clear of all Liens
(except Permitted Liens). The Company owns, leases, licenses, or otherwise has the right to use all of the assets, properties, and rights
necessary to conduct its business as presently being conducted. All material items of machinery, equipment, and other tangible assets
of the Company are in operational condition, normal wear and tear excepted, have been regularly and properly serviced and maintained in
a manner that, to the Knowledge of the Company, would not void or limit the coverage of any warranty thereon, other than items currently
under, or scheduled for, repair or construction, and are adequate and fit to be used for the purposes for which they are currently used
in the manner they are currently used.

 

Section 4.20. Transactions with Affiliates;
No Claims Against Affiliates.

 

	 	(a)	Except (i) for this Agreement and the Transaction Documents and the transactions contemplated hereby or thereby, and (ii) as set forth on Section 4.20(a) of the Disclosure Schedule, no Seller or Affiliate thereof (other than the Company) (A) owns any direct or indirect interest of any kind in, or controls or has controlled, or is a manager, officer, director, Seller, member or partner of, or consultant to, or lender to or borrower from or has the right to participate in the profits of, any Person which is a competitor, supplier, vendor, customer, landlord, tenant, creditor, or debtor of the Company; (B) owns or has an interest in, directly or indirectly, any property, asset or right, which is material to the Company; (C) owes any money to or is owed any money by the Company (except for employment-related compensation received or payable in the ordinary course of business); or (D) is a party to a Contract, or is involved in any business arrangement or other relationship, with the Company (whether written or oral), nor has the Company pledged any assets or guaranteed any obligations on behalf of any such Person.

 

	 	(b)	As of the Closing Date the Company has no material claim, demand, or cause of action against any of the Sellers, their Affiliates, or any of their respective Representatives.

 

	 	(c)	As of the Closing Date:

 

	 	(i)	the Company has no material claim, demand, or cause of action against Servatron, its Affiliates, or any of their respective Representatives;

 

	 	(ii)	Servatron and its Affiliates have no material claim, demand, or cause of action against the Company, the Sellers, their respective Affiliates, or any of their respective Representatives; and

 

	 	(iii)	except as set forth on Section 4.20(c) of the Disclosure Schedule, there are no amounts owing as between Servatron (and its Affiliates) and the Company.

 

Section 4.21. Bank Accounts. Section
4.21 of the Disclosure Schedule sets forth the names and locations of all banks, trust companies, savings and loan associations, and
other financial institutions at which the Company maintain accounts of any nature, the account numbers of all such accounts and the names
of all persons authorized to draw thereon or make withdrawals therefrom.

 

Section 4.22. Suppliers and Customers.

 

	 	(a)	Section 4.22(a) of the Disclosure Schedule sets forth a list of the ten largest customers (“Material Customers”) of the Company, as measured by the dollar amount of revenues recognized by the Company, in the aggregate, during the twelve month period ended December 31, 2020, showing the amount of revenues recognized by the Company from such customer during such period. To the Knowledge of the Company, there are no bankruptcies filed by, on behalf of, or against any Material Customer. To the Knowledge of the Company, no Material Customer intends to cancel or materially change the terms of any Contract with the Company or its use of goods or services of the Company to the detriment thereof in the future.

 

    	 	15	 

     

    

 

	 	(b)	Section 4.22(b) of the Disclosure Schedule sets forth a list of the ten largest suppliers (“Material Suppliers”) of the Company, as measured by the dollar volume of purchases from such suppliers by the Company, in the aggregate, during the twelve month period ended December 31, 2020, showing the amount of payments made by the Company to each such supplier during such period. To the Knowledge of the Company, there are no bankruptcies filed by, on behalf of, or against any Material Supplier. To the Knowledge of the Company, no Material Supplier intends to cancel or materially change the terms of any Contract with the Company, or its provision of goods or services to the Company to the detriment thereof in the future.

 

Section 4.23. Foreign Corrupt Practices Act.
None of the Company or, to the Knowledge of the Company, any director, officer, or employee of the Company, has directly or indirectly
(a) made any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to any Person, private or public,
domestic or foreign, regardless of form, whether in money, property, or services (i) in violation of any Law, or (ii) to foreign
or domestic government officials or employees or to foreign or domestic political parties or campaigns; (b) violated any applicable
export control, money laundering or anti-terrorism Law, or otherwise taken any action that would be in violation of the Foreign Corrupt
Practices Act of 1977; (c) established or maintained any fund or asset with respect to the Company that has not been recorded
in its books and records; or (d) paid any illegal consideration to purchasing agents or other representatives of customers in respect
of sales made or to be made by the Company.

 

Section 4.24. Brokers’ Fees. The
Company is not obligated to pay any fee or commission to any broker, finder or intermediary, for or on account of the transactions contemplated
by this Agreement.

 

Section 4.25. Accounts Receivable. The
accounts receivable of the Company arose from bona fide transactions entered into in the ordinary course of business and are not subject
to any right of setoff under any Contract with any account debtor. Since the Most Recent Balance Sheet Date, none of the Company has materially
modified its accounts receivable collection policies or practices. No Contract concerning any material deduction, discount, or other deferred
price or quantity adjustment has been entered into with respect to any of the accounts receivable of the Company since the Most Recent
Balance Sheet Date. No accounts receivable of the Company have been outstanding for more than 60 days.

 

Article
5

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND THE PARENT

 

As an inducement to the Company and the Sellers
to enter into this Agreement and to consummate the transactions contemplated hereby, the Purchaser and the Parent hereby represent and
warrant, jointly and severally, to the Company and the Sellers as follows:

 

Section 5.1. Organization and Power. The
Purchaser is a corporation validly existing and in good standing under the Laws of the State of Nevada. The Parent is a corporation validly
existing and in good standing under the Laws of the Province of British Columbia. The Purchaser and the Parent each have the corporate
power and corporate authority to own or lease its assets and to carry on its business in substantially the same manner as currently conducted.

 

Section 5.2. Authority and Enforceability.
The Purchaser and the Parent each have the corporate power and authority to execute, deliver, and perform this Agreement and the Transaction
Documents. The execution, delivery, and performance of this Agreement and the Transaction Documents by the Purchaser and the Parent have
been duly authorized and approved by their respective board of directors (or similar governing body) and do not require any further authorization
or consent of their respective shareholder(s). This Agreement (a) has been, and as of Closing the Transaction Documents will have been,
duly authorized, executed, and delivered by the Purchaser and the Parent; (b) assuming the valid authorization, execution, and delivery
of this Agreement by the Company and the Sellers, is the legal, valid, and binding agreement of the Purchaser and the Parent; and (c)
is Enforceable against the Purchaser and the Parent.

 

    	 	16	 

     

    

 

Section 5.3. Conflicts. The execution and
delivery by the Purchaser and the Parent of this Agreement and the Transaction Documents, and the performance by them of their respective
obligations hereunder and thereunder, does not and will not:

 

	 	(a)	(i) violate any provision of the Organizational Documents of the Purchaser or the Parent; (ii) conflict with or violate any provision of Law; (iii) conflict with or violate any Order to which the Purchaser or the Parent is subject; or (iv) require a registration, filing, application, notice, consent, approval, order, qualification, or waiver with, to or from any Governmental Authority or any other Person on the part of the Purchaser or the Parent, except with respect to the issuance of any of the Consideration Shares; or

 

	 	(b)	materially conflict with, or result in the material breach of, or constitute a material default under, or result in the termination, cancellation, material modification, or acceleration (whether after the filing of notice or the lapse of time or both) of any material right or obligation of the Purchaser or the Parent under, or result in a loss of any benefit to which the Purchaser or the Parent is entitled under any Contract.

 

Section 5.4. No Litigation. There is no
Legal Proceeding pending or, to the knowledge of the Purchaser or the Parent, threatened, against the Purchaser, the Parent, or their
respective Affiliates which would reasonably be expected to prevent, hinder, or delay the consummation of any of the transactions contemplated
hereby. There is no Legal Proceeding pending or, to the knowledge of the Purchaser or the Parent, threatened, against the Purchaser, the
Parent, or their respective Affiliates, that questions the legality or propriety of the transactions contemplated by this Agreement.

 

Section 5.5. Public Disclosures. The financial
records of the Parent and its Subsidiaries, on a consolidated basis, as disclosed under the Parent’s SEDAR profile, are complete
and accurate in all material respects and present fairly the financial condition, financial performance, and cash flows of the Parent
and its Subsidiaries, on a consolidated basis, as at the date and for the periods indicated therein. The public disclosures made by the
Parent on SEDAR in respect of the Parent and its Subsidiaries are complete and accurate in all material respects as of the most recent
date of filing on the Parent’s SEDAR profile. The public disclosures made by the Parent on EDGAR in respect of the Parent and its
Subsidiaries are complete and accurate in all material respects as of the most recent date of filing of documents by the Parent on EDGAR.

 

Section 5.6. Trading. The Parent is not
subject to any cease trade or other order of any applicable securities regulatory authority or stock exchange and, to the knowledge of
the Parent, no Legal Proceedings involving the Parent or any of its Subsidiaries which may operate to prevent or restrict trading of any
securities of the Parent or otherwise prevent or restrict the completion of the transactions contemplated herein are currently in progress,
pending, contingent, or threatened before any applicable securities regulatory authority or stock exchange.

 

Section 5.7. Brokers’ Fees. Neither
the Purchaser, the Parent, nor any Affiliate thereof has become obligated to pay any fee or commission to any broker, finder or intermediary,
for or on account of the transactions contemplated by this Agreement.

 

Article
6

COVENANTS AND ACKNOWLEDGMENTS

 

Section 6.1. Stub Period Financial Statements.
Within 60 days after the Closing Date, the Sellers shall cause to be prepared, and the Sellers’ Representative shall deliver to
the Purchaser and the Parent, true and complete copies of the Company’s unaudited balance sheet and the related unaudited statements
of income and cash flows for the period commencing on January 1, 2021, and terminating on the Closing Date (collectively, the “Stub
Period Financial Statements”).

 

Section 6.2. Restrictions on Trading. The
Sellers hereby acknowledge that the Consideration Shares will be subject to any applicable hold periods prescribed under applicable Law,
including without limitation the six month hold period pursuant to the United States Securities Act of 1933, as amended,
in the event of a sale of the Consideration Shares, or twelve months in the event of a legend removal, and the four month hold period
pursuant to National Instrument 45-106 – Prospectus Exemptions and National Instrument 45-102 – Resale Restrictions,
and may only be sold, transferred, or otherwise disposed of in accordance therewith. Any Direct Registration System advice, share certificate,
or other written notice delivered to the Sellers (or such other Person to whom the Consideration Shares are issued at the direction of
the Seller) in respect of its ownership of the Consideration Shares shall bear the applicable legend(s) provided for under applicable
Law or stock exchange requirements.

 

    	 	17	 

     

    

 

Section 6.3. Share Consideration. The Sellers
hereby acknowledge that, notwithstanding any other provision of this Agreement, the Parent shall not issue Parent Shares (or securities
convertible or exercisable for Parent Shares) to the Sellers, in one or more transactions, such that the number of Parent Shares issued
to the Sellers, collectively, exceed 19.9% of the Parent Shares then issued and outstanding.

 

Section 6.4. Public Disclosure; Confidentiality.

 

	 	(a)	Notwithstanding anything to the contrary contained in this Agreement, except as may be required to comply with the requirements of any applicable Law, from and after the date hereof, no party shall make any press release or similar public announcement or public communication relating to this Agreement unless specifically approved in advance by the Purchaser, the Parent, and the Sellers’ Representative, which approval shall not be unreasonably withheld, conditioned or delayed.

 

	 	(b)	From and after the date hereof, each of the Purchaser, the Parent, the Company, and the Sellers shall, and shall cause each of their respective Affiliates to, keep confidential the terms and existence of this Agreement and the Transaction Documents and the negotiations relating thereto and all documents and information obtained by a party from another party in connection with the transactions contemplated hereby (collectively, the “Confidential Information”) except (i) to the extent that it is reasonably necessary to disclose the Confidential Information to obtain the regulatory approvals or Third Party consents; (ii) for disclosures otherwise made in satisfaction of any of the obligations under this Agreement; (iii) to the extent required by applicable Law; (iv) as made public prior to the date hereof by either party not in violation of this Agreement, and (v) the Purchaser and the Parent may disclose such information to their respective Affiliates and their respective Representatives.

 

Section 6.5. Non-Competition; Non-Solicitation.

 

	 	(a)	Each Seller agrees as follows:

 

	 	(i)	During the period beginning on the Closing Date and ending on the third anniversary of the Closing Date (the “Non-Competition Period”), such Seller shall not (A) whether as an employee, independent contractor, consultant, or otherwise acting in a similar capacity, engage anywhere in the United States or Canada in the business of the design, development, and/or production of cellular and data signal amplifiers, except in his capacity as a Servatron employee (the “Restricted Business”); or (B) own, control, or participate in the ownership, management, or control of, lend money or capital to, or invest capital in, any business in the United States or Canada (or Person that engages in the Restricted Business anywhere in the United States or Canada) that competes with the Clearrf Amplifier produced by the Company prior to the Closing and future iterations of such product in the cell amplifier industry segment; provided, however, that such Seller shall not be prohibited from owning up to 5% of the outstanding stock of a corporation that is publicly traded on a national securities exchange or in the over-the-counter market so long as such Seller has no active participation in connection with the business of such corporation.

 

	 	(ii)	During the Non-Competition Period, such Seller shall not induce or attempt to induce any employee of the Company to leave the employ of the Company. The foregoing does not prohibit (A) solicitation through Third Party executive search or employment agencies (where such Seller did not provide guidance as to the targeting of any specific individual), or (B) solicitation through job postings or advertising of positions that are not specifically targeted at any particular individual.

 

	 	(b)	The covenants and undertakings contained in this Section 6.5 relate to matters which are of a special, unique, and extraordinary character and a violation of any of the terms of this Section 6.5 could cause irreparable injury to the Purchaser and the Parent, the amount of which will be impossible to estimate or determine and which cannot be adequately compensated. Accordingly, the remedy at law for any breach of this Section 6.5 will be inadequate. Therefore, the Purchaser and the Parent will each be entitled to seek a temporary and permanent injunction, restraining order or other equitable relief from any court of competent jurisdiction in the event of any breach of this Section 6.5. The parties agree that, if any court of competent jurisdiction determines that a specified time period, a specified geographical area, a specified business limitation or any other relevant feature of this Section 6.5 is unreasonable, arbitrary, or against public policy, then a lesser period of time, geographical area, business limitation, or other relevant feature which is determined by such court to be reasonable, not arbitrary, and not against public policy may be enforced against the applicable party.

 

    	 	18	 

     

    

 

Section 6.6. Tax Matters.

 

	 	(a)	The Sellers’ Representative shall prepare or cause to be prepared all income Tax Returns required or permitted to be filed by the Company for taxable periods ending prior to or on the Closing Date which are to be filed after the Closing Date (the “Seller Returns”) in a manner consistent with the Company’s past practice, except as otherwise required by applicable Law, and in accordance with the provisions of this Agreement; and the Purchaser shall cause the Company to execute and file the Seller Returns as so prepared. For the avoidance of doubt, the Seller Returns shall not include any personal tax return of the Sellers. The Company shall pay for the third-party costs and expenses of preparing and filing all Seller Returns and, subject to the provisions of Article 8, the Company shall pay all Taxes reflected as due and payable on all Seller Returns (except to the extent included in Closing Working Capital or Closing Funded Indebtedness). The parties shall make available to each other (and to their respective accountants and attorneys) any and all books and records and other documents and information in its possession or control relating to the Company reasonably requested by such Persons in order to prepare or review such Seller Returns.

 

	 	(b)	Except for Seller Returns, the Purchaser shall prepare or cause to be prepared and shall cause the Company to file all Tax Returns for the Company for periods ending prior to or on the Closing Date which are to be filed after the Closing Date (provided that no amendment of any such Tax Return shall be made without prior written consent of the Sellers’ Representative, which consent may not be unreasonably withheld, conditioned, or delayed) in a manner consistent with the Company’s past practice, except as otherwise required by applicable Law, and in accordance with the provisions of this Agreement; and, subject to the provisions of Article 8, the Company shall pay all Taxes reflected as due and payable on all such Tax Returns.

 

	 	(c)	The Purchaser shall prepare and file or cause to be prepared and filed when due all Tax Returns for the Company required to be filed for all periods beginning after the Closing Date.

 

	 	(d)	The Purchaser shall prepare and file or cause to be prepared and filed when due any Tax Returns of the Company for Tax periods which begin on or before the Closing Date and end after the Closing Date (each such period, a “Straddle Period”) in a manner consistent with the Company’s past practice, except as otherwise required by applicable Law, and in accordance with the provisions of this Agreement; and, subject to the provisions of Article 8, the Company shall pay all Taxes reflected as due and payable on all such Tax Returns (except to the extent included in Closing Working Capital or Closing Funded Indebtedness). For purposes of this Section 6.6(d), in the case of any Taxes that are imposed on a periodic basis and are payable for a Straddle Period, the portion of such Tax which relates to the portion of such taxable period ending on the Closing Date shall (i) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction the numerator of which is the number of days in the taxable period ending on the Closing Date and the denominator of which is the number of days in the entire taxable period, and (ii) in the case of any Tax based upon or related to income or receipts be deemed equal to the amount which would be payable if the relevant taxable period ended on the Closing Date.

 

	 	(e)	The Purchaser shall promptly notify the Sellers’ Representative following receipt of any notice of audit or other proceeding relating to any Seller Return or any other federal or state Tax Return filed with respect to a Tax period (or portion thereof) ending on or before the Closing Date (together with all Seller Returns, the “Prior Period Returns”). The Sellers’ Representative shall control any and all audits or other proceedings and litigation relating to any Prior Period Return relating solely to a Tax period ending on or before the Closing Date, including the filing of an amended Tax Return, and the Purchaser shall control of any and all audits or other proceedings and litigation relating to a Tax Return for a Straddle Period, including the filing of an amended Tax Return.

 

	 	(f)	The parties shall cooperate (and cause their respective Affiliates to cooperate) fully, as and to the extent reasonably requested by the other parties, in connection with the preparation and filing of Tax Returns pursuant to this Section 6.6 and any Tax audit, litigation, or other proceeding with respect to Taxes and payments in respect thereof.

 

    	 	19	 

     

    

 

	 	(g)	After the Closing, the Purchaser shall provide the Sellers and their Representatives with reasonable access to, and to make copies of, accounting records of the Company for tax periods ending on or before the Closing, if access to such records is reasonably necessary in order for a Seller to file accurate tax returns, respond to an audit or other demands of a governmental authority, respond to a court order, or participate in a lawsuit.

 

Section 6.7. Certain Operational Issues.
The Purchaser acknowledges that the Sellers have disclosed to it, and the Purchaser agrees to bear all losses, arising out the following
matters:

 

	 	(a)	when ordering products from a manufacturer, certain raw components for products may have a long lead time for delivery and, if not ordered in a timely manner, may result in delays in the Company receiving finished goods; and

 

	 	(b)	the WRE5500-A amplifier design incorporates obsolete and “last time buy” parts that will soon be unavailable, which will have a material impact on the life of the amplifier unless it is redesigned. The Sellers believe that it would be prudent for the Company to purchase those parts soon while they are still available.

 

Article
7

CONDITIONS TO CLOSING

 

Section 7.1. Conditions to Mutual Obligations.
The respective obligations of the parties to consummate the Closing are subject to the satisfaction or waiver, at or prior to the Closing,
of each of the following conditions:

 

	 	(a)	Listing. The Parent thereof having received written confirmation from the stock exchange on which the Parent Shares are listed for trading that such exchange has conditionally approved the acquisition of the Membership Interests by the Purchaser, if applicable, and that it has conditionally approved for listing all of the Closing Date Consideration Shares, subject only to customary listing conditions and deliveries.

 

	 	(b)	No Injunction. No Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced, or entered any statute, rule, regulation or Order (whether temporary, preliminary, or permanent) that prohibits or makes illegal the consummation of the transactions contemplated by Article 1 and such statute, rule, regulation, judgment, decree, injunction, or other order is in effect.

 

Section 7.2. Conditions to Obligations of the
Purchaser and the Parent. The obligations of the Purchaser and the Parent to consummate the Closing are also subject to the satisfaction
or waiver, at or prior to the Closing, of each of the following conditions:

 

	 	(a)	Representations and Warranties. The representations and warranties of the Sellers set forth in Article 3 and of the Sellers in respect of the Company set forth in Article 4 shall be true and correct as of the Closing Date as though made on and as of the Closing Date, except that representations and warranties that are made as of a specific date need be true and correct only as of such date.

 

	 	(b)	Performance of Obligations. The Sellers and the Company shall have performed or caused to be performed in all material respects all obligations that are required to be performed by them at or prior to the Closing Date.

 

	 	(c)	Closing Deliveries. The Purchaser shall have received:

 

	 	(i)	the certificates or instruments, if any, representing the Membership Interests;

 

	 	(ii)	an assignment separate from certificate, instrument of transfer, or other similar instrument with respect to the Membership Interests, executed by each of the applicable Sellers;

 

	 	(iii)	a certificate of an authorized officer of the Company certifying (i) that the conditions set forth in Section 7.2(b) have been satisfied by the Company as of the Closing; (ii) that attached thereto are true and complete copies of all resolutions adopted by the managers and Members of the Company authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby; (iii) that all such resolutions are in full force and effect; and (iv) the names and signatures of the officers of the Company authorized to sign this Agreement and the Transaction Documents to which the Company is a party;

 

    	 	20	 

     

    

 

	 	(iv)	a certificate of each Seller certifying that the conditions set forth in Section 7.2(a) and Section 7.2(b) have been satisfied by such Seller as of the Closing;

 

	 	(v)	a certificate of existence of the Company, dated as of a date not more than two Business Days prior to the Closing Date, from the secretary of state (or equivalent) of the jurisdiction of its organization;

 

	 	(vi)	the Third Party consents identified on Section 7.2 of the Disclosure Schedules;

 

	 	(vii)	a manufacturing agreement between Servatron and the Company, in form and substance to the satisfaction of the Purchaser (the “Manufacturing Agreement”), executed by the parties thereto;

 

	 	(viii)	certified resolutions of the directors of Servatron authorizing Servatron’s execution, delivery, and performance of its obligations under the Manufacturing Agreement;

 

	 	(ix)	a resignation letter from each manager, director, officer, and any other Person serving in any such position(s) with the Company (in their capacities as such) as requested by the Purchaser, in a form satisfactory to the Purchaser;

 

	 	(x)	all Books and Records;

 

	 	(xi)	evidence provided to the Purchaser of adequate and continuous product liability coverage in respect of the Company and its products, to the satisfaction of the Purchaser; and

 

	 	(xii)	such other documents as the Purchaser may reasonably request for the purpose of facilitating the consummation of any of the transactions contemplated hereby.

 

Section 7.3. Conditions to Obligations of the
Sellers. The obligations of the Sellers to consummate the Closing are also subject to the satisfaction or waiver, at or prior to the
Closing, of each of the following conditions:

 

	 	(a)	Representations and Warranties. The representations and warranties of the Purchaser and the Parent set forth in Article 5 shall be true and correct as of the Closing Date as though made on and as of the Closing Date, except (i) that representations and warranties that are made as of a specific date need be true and correct only as of such date, and (ii) for breaches and inaccuracies the effect of which would not, individually or in the aggregate, have a material adverse effect on the Purchaser’s or the Parent’s ability to execute, deliver, or perform this Agreement or any Transaction Document, or to timely consummate the transactions contemplated hereby or thereby.

 

	 	(b)	Performance of Obligations. The Purchaser and the Parent shall have performed in all material respects all obligations that are required to be performed by it under this Agreement at or prior to the Closing Date.

 

	 	(c)	Closing Deliveries. The Sellers’ Representative shall have received:

 

	 	(i)	the Closing Date Cash Consideration, pursuant to the terms of Section 1.2(a)(i);

 

	 	(ii)	Direction Registration System (DRS) advices in respect of the Closing Date Consideration Shares, pursuant to the terms of Section 1.2(a)(ii)

 

	 	(iii)	a certificate of an authorized officer of the Purchaser certifying (i) that the conditions set forth in Section 7.3(a) and Section 7.3(b) to have been satisfied by it have been satisfied by it as of the Closing; (ii) that attached thereto are true and complete copies of all resolutions adopted by the directors of the Purchaser authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby; (iii) that all such resolutions are in full force and effect; and (iv) the names and signatures of the officers of the Purchaser authorized to sign this Agreement and the Transaction Documents to which the Purchaser is a party;

 

    	 	21	 

     

    

 

	 	(iv)	a certificate of an authorized officer of the Parent certifying (i) that the conditions set forth in Section 7.3(a) and Section 7.3(b) to have been satisfied by it have been satisfied by it as of the Closing; (ii) that attached thereto are true and complete copies of all resolutions adopted by the directors of the Parent authorizing the execution, delivery, and performance of this Agreement and the consummation of the transactions contemplated hereby; (iii) that all such resolutions are in full force and effect; and (iv) the names and signatures of the officers of the Parent authorized to sign this Agreement and the Transaction Documents to which the Parent is a party;

 

	 	(v)	a good standing certificate (or its equivalent) of the Purchaser, dated as of a date not more than two Business Days prior to the Closing Date, from the secretary of state (or equivalent) of the jurisdiction of its organization;

 

	 	(vi)	a good standing certificate (or its equivalent) of the Parent, dated as of a date not more than two Business Days prior to the Closing Date, from the secretary of state (or equivalent) of the jurisdiction of its organization; and

 

	 	(vii)	such other documents as the Sellers’ Representative may reasonably request for the purpose of facilitating the consummation of any of the transactions contemplated hereby.

 

Section 7.4. Frustration of Closing Conditions.
No party may rely upon the failure of any condition set forth in this Article 7 to be satisfied if such failure was caused by such
party’s failure to act in good faith or to comply in any material respect with its obligations hereunder.

 

Section 7.5. Waiver of Closing Conditions.
Upon the occurrence of the Closing, any condition set forth in this Article 7 that was not satisfied as of the Closing shall be
deemed to be have been waived as of and from the Closing.

 

Article
8

INDEMNIFICATION

 

Section 8.1. Survival.

 

	 	(a)	The representations and warranties contained herein or in any certificate delivered by a party at the Closing pursuant hereto shall survive the Closing and will continue in full force and effect for a period from the date hereof until the second anniversary of the Closing (the “General Survival Date”); provided, however, that the representations and warranties contained in Section 3.1 (Authority and Enforceability), Section 3.2 (Conflicts), Section 3.4 (Ownership of Membership Interests), Section 3.5 (Brokers’ Fees), Section 4.1(a) and (b) (Organization and Power), Section 4.2 (Authority and Enforceability), Section 4.3 (Conflicts), Section 4.4 (Capitalization), Section 4.9 (Taxes), Section 4.12 (Intellectual Property), Section 4.24 (Brokers’ Fees), Section 5.1 (Organization and Power), Section 5.2 (Authority and Enforceability) and Section 5.7 (Brokers’ Fees) (collectively, the “Fundamental Representations”) shall survive the Closing and will continue in full force and effect indefinitely (all of the foregoing the “Fundamental Survival Date”; the General Survival Date or the Fundamental Survival Date, as applicable, each a “Survival Date”). None of the covenants or other agreements contained in this Agreement shall survive the Closing other than those which by their terms contemplate performance after the Closing, and each such surviving covenant and agreement shall survive the Closing and shall terminate on the expiration of the applicable statute of limitations with respect to the subject matter of such surviving covenant and agreement, except for those surviving covenants and agreements that contain specific survival periods (which shall each survive the Closing and shall terminate on the last day of such specific survival period).

 

	 	(b)	No Indemnified Person shall be entitled to make any claim in respect of any representation, warranty, covenant, or agreement after the expiration of its applicable Survival Date, except that any bona fide claim initiated by an Indemnified Person prior to the expiration of the applicable Survival Date in accordance with the provisions hereof shall survive until it is settled or resolved pursuant to this Agreement to the extent that an Indemnified Person provides written notice of such breach or inaccuracy (which notice shall describe the applicable breach or inaccuracy in reasonable detail, include copies of all available material written evidence thereof and indicate the estimated amount, if reasonably practicable, of Losses that have been or may be sustained by the applicable Indemnified Person in connection therewith) to the party to provide indemnity prior to the applicable Survival Date.

 

    	 	22	 

     

    

 

	 	(c)	The parties specifically and unambiguously intend that the survival periods that are set forth in this Section 8.1 shall replace any statute of limitations that would otherwise be applicable.

 

Section 8.2. Indemnification by the Sellers.
Subject to the terms of this Article 8, from and after the Closing, the Sellers (jointly and severally) shall indemnify the Purchaser,
the Parent, and their respective Affiliates and their respective officers, directors, shareholders, members, employees, successors, and
permitted assigns (collectively, the “Purchaser Indemnified Persons”) and hold them harmless from and against any and
all Losses incurred or suffered by a Purchaser Indemnified Person resulting from or arising out of:

 

	 	(a)	any breach or inaccuracy of any representation or warranty made by a Seller in this Agreement, including for greater certainty any representation or warranty made by a Seller in respect of the Company, and including for greater certainty any and all Losses incurred or suffered by a Purchaser Indemnified Person in respect of any claims by Servatron or any of its Affiliates arising from the Transaction or the subject matter of such representations or warranties; provided, however, that the obligation to jointly and severally indemnify the Purchaser under this Section 8.2 shall not extend to a breach of a representation and warranty made by a Seller under Article 3; or

 

	 	(b)	any non-fulfillment or breach of any covenant or agreement of a Seller contained in this Agreement.

 

Section 8.3. Indemnification by the Purchaser
and the Parent. Subject to the terms of this Article 8, from and after the Closing, the Purchaser and the Parent shall indemnify
the Sellers and their respective officers, directors, shareholders, members, employees, successors, and permitted assigns (collectively,
the “Seller Indemnified Persons”) and hold them harmless from and against any and all Losses incurred or suffered by
a Seller Indemnified Person resulting from or arising out of:

 

	 	(a)	any breach or inaccuracy of any representation or warranty made by the Purchaser or the Parent in this Agreement; and

 

	 	(b)	any non-fulfillment or breach of any covenant or agreement of the Purchaser or the Parent contained in this Agreement.

 

Section 8.4. Limitations on Indemnification.

 

	 	(a)	Sellers’ Limitations

 

	 	(i)	The aggregate liability of the Sellers pursuant to Section 8.2 shall under no circumstances exceed the Purchase Price; provided, however, that such limitation shall not apply to breach or inaccuracy of any Fundamental Representation or of any representation and warranty based on Fraud by any of the Sellers.

 

	 	(ii)	The Sellers shall not have any liability pursuant to Section 8.2 with respect to a Loss if such Loss would not have arisen but for actions taken or omitted to be taken by the Company after the Closing Date.

 

	 	(iii)	The Sellers shall not have any liability pursuant to Section 8.2 with respect to a Loss to the extent arising from or relating to any change in any Laws or any judicial (or similar) interpretation after the Closing Date that has a retroactive effect.

 

	 	(b)	Purchaser and Parent Limitations.

 

	 	(i)	The aggregate liability of the Purchaser and the Parent, together, pursuant to Section 8.3 shall under no circumstances exceed the Purchase Price; provided, however, that such limitation shall not apply to breach or inaccuracy of any Fundamental Representation or of any representation and warranty based on Fraud by the Purchaser or the Parent.

 

	 	(ii)	Neither the Purchaser nor the Parent shall have liability pursuant to Section 8.3 with respect to a Loss to the extent arising from or relating to any change in any Laws or any judicial (or similar) interpretation after the Closing Date that has a retroactive effect.

 

    	 	23	 

     

    

 

Section 8.5. Other Limitations.

 

	 	(a)	For all purposes of this Article 8, “Losses” shall be net of any amounts paid to an Indemnified Person under any insurance policy or Contract in connection with the facts giving rise to the right of indemnification hereunder, and each Indemnified Person shall use its reasonable commercial efforts to recover all amounts payable from an insurer or other Third Party under any such insurance policy or Contract prior to seeking indemnification hereunder; provided, however, that the amount deemed to be paid under such insurance policies shall be net of the deductible for such policies; and provided further that the Sellers and the Sellers’ Representative shall be subrogated (and the Purchaser and the Parent shall and shall cause Purchaser Indemnified Persons to cause the Sellers’ Representative to be subrogated) to the rights of Purchaser Indemnified Persons under applicable insurance policies and Contracts.

 

	 	(b)	In calculating any Loss, there shall be deducted any Tax benefit, credit, or refund to which the applicable Indemnified Person actually realizes or receives as a result of such Loss.

 

	 	(c)	Notwithstanding the fact that any Indemnified Person may have the right to assert claims for indemnification under or in respect of more than one provision of this Agreement in respect of any fact, event, condition, or circumstance, no Indemnified Person shall be entitled to recover the amount of any Loss suffered by such Indemnified Person more than once, regardless of whether such Loss may be as a result of a breach of more than one representation, warranty, obligation, covenant, or otherwise. In addition, any liability for indemnification hereunder shall be determined without duplication of recovery by reason of the state of facts giving rise to such liability, or a breach of more than one representation, warranty, covenant, or agreement, as applicable.

 

	 	(d)	Each Indemnified Person shall use its reasonable commercial efforts to mitigate any indemnifiable Loss, provided that an Indemnified Person’s failure to mitigate an indemnifiable Loss, after using such commercial efforts, shall not affect such Indemnified Person’s rights under this Article 8.

 

Section 8.6. Third-Party Claim Indemnification
Procedures.

 

	 	(a)	In the event that any written claim or demand for which a party (in such capacity, an “Indemnifying Person”) may have liability to any Indemnified Person hereunder, other than those relating to Taxes (which are the subject of Section 6.6), is asserted against or sought to be collected from any Indemnified Person by a Third Party (a “Third-Party Claim”), such Indemnified Person shall promptly, but in no event more than ten days following such Indemnified Person’s receipt of a Third-Party Claim, notify the Indemnifying Person of such Third-Party Claim, the amount or the estimated amount of damages sought thereunder to the extent then ascertainable, any other remedy sought thereunder, any relevant time constraints relating thereto, a reasonably detailed explanation of the events giving rise to such Third-Party Claim and any other material details pertaining thereto (a “Claim Notice”); provided, however, that the failure to timely give a Claim Notice shall not relieve the Indemnifying Person of its obligations hereunder, except to the extent that the Indemnifying Person shall have been actually prejudiced by such failure or as provided in Section 8.1. Thereafter, the Indemnified Person shall deliver to the Indemnifying Person, promptly following the Indemnified Person’s receipt thereof, copies of all notices and documents (including court papers) received by the Indemnified Person relating to the Third-Party Claim.

 

	 	(b)	In the event that the Indemnifying Person notifies the Indemnified Person that it elects to defend the Indemnified Person against a Third-Party Claim, the Indemnifying Person shall have the right to defend the Indemnified Person by appropriate proceedings and shall have the sole power to direct and control such defense at its expense. Once the Indemnifying Person has made such election, the Indemnified Person shall have the right to participate in (but not control) any such defense and to employ separate counsel of its choosing at such Indemnified Person’s expense. Whether or not the Indemnifying Person assumes the defense of a Third-Party Claim, the Indemnified Person shall not admit any liability with respect to, settle, compromise or discharge, such Third-Party Claim without the Indemnifying Person’s prior written consent. If the Indemnifying Person assumes the defense of a Third-Party Claim and is in good faith contesting such Third-Party Claim, the Indemnified Person shall agree to any settlement, compromise or discharge of a Third-Party Claim that the Indemnifying Person may reasonably recommend and the terms of which provide that (i) there is no finding or admission of any violation of Law or Contract by the Indemnified Person, and (ii) the sole relief provided to the Third Party is monetary damages that are paid in full by (A) insurance, or (B) the Indemnifying Person to the extent that the Indemnifying Person is liable (i.e., after application of the applicable limitations in Article 8) in connection with such Third-Party Claim. If the immediately preceding clauses (i) and (ii) are satisfied, then the Indemnified Person shall agree to and cooperate fully with the Indemnifying Person in connection with such settlement or compromise of such Third-Party Claim.

 

    	 	24	 

     

    

 

	 	(c)	The Indemnified Person and the Indemnifying Person shall cooperate in order to ensure the proper and adequate defense of a Third-Party Claim, including by providing reasonable access to each other’s relevant books and records, by preserving such books and records and by making employees and representatives available on a mutually convenient basis during normal business hours to provide additional information and explanation of any material provided hereunder. The Indemnified Person and the Indemnifying Person shall use reasonable commercial efforts to avoid production of confidential information (consistent with applicable Law), and to cause all communications among employees, counsel and others representing any party to a Third-Party Claim to be made so as to preserve any applicable attorney-client or work-product privileges.

 

Section 8.7. Direct Claim Indemnification Procedures.
Each Indemnified Person shall assert any claim on account of any Losses as to which an Indemnifying Person may have liability hereunder,
and which do not result from a Third-Party Claim (a “Direct Claim”) by giving the Indemnifying Person written notice
thereof reasonably promptly (and, in any event, no later than 30 days following) the Indemnified Person’s discovery of the applicable
Losses reasonably likely to give rise to a claim under this Article 8. Such notice by the Indemnified Person shall describe the
Direct Claim in reasonable detail, include copies of all available material written evidence thereof and indicate the estimated amount,
if reasonably practicable, of Losses that have been or may be sustained by the Indemnified Person; provided, however, that the
failure to timely give such notice shall not affect the rights of an Indemnified Person hereunder (a) unless such failure has a prejudicial
effect on the defenses or other rights available to the Indemnifying Person with respect to such Direct Claim or on the Indemnifying Person’s
ability to mitigate such Direct Claim; (b) unless the indemnification obligations are materially increased as a result of such failure
or (c) as provided in Section 8.1.

 

Section 8.8. Characterization of Indemnification
Payments. All payments made (or deemed to be made, in accordance with this Agreement) by any Indemnifying Person to an Indemnified
Person with respect to any claim pursuant to Section 8.2 or Section 8.3 shall be treated, to the fullest extent possible
under applicable Law, as adjustments to the Purchase Price for Tax purposes.

 

Section 8.9. Sources of Recovery. Subject
to the limitations set forth in this Article 8, in the event that any Losses are due and owing, as finally determined in accordance
with this Agreement, to any Purchaser Indemnified Person, pursuant to the provisions of this Article 8, then such Losses shall
be satisfied first by (a) reducing the Holdback Cash Amount, and then by (b) reducing the Holdback Consideration Shares Base Amount, and
then by (c) the Sellers, jointly and severally (if the then-outstanding amount of the Holdback Cash Amount and Holdback Consideration
Shares Base Amount are insufficient to satisfy the full amount of such Losses).

 

Section 8.10. Exclusive Remedy. Notwithstanding
anything to the contrary herein, except as provided in Article 2 or Section 6.5(b), from and after the Closing the rights and remedies
of the Purchaser, the Parent, the Company, the Sellers, any Purchaser Indemnified Person, and any Seller Indemnified Person (each Purchaser
Indemnified Person and Seller Indemnified Person is referred to herein as an “Indemnified Person”), under this Article
8 are exclusive and in lieu of any and all other rights and remedies which the Purchaser, the Parent, the Company, or the Sellers,
or any Indemnified Person, may have under this Agreement or any Transaction Document or otherwise against each other with respect to this
Agreement or any Transaction Document and with respect to the transactions contemplated hereby or thereby. In furtherance of the foregoing,
each party hereby waives, with respect to this Agreement and the contemplated transactions, all other rights and remedies arising under
or based upon any statutory or common Law or otherwise, and agrees not to bring any actions or proceedings at Law, in equity, in tort,
or otherwise, including rescinding the Agreement, in respect of any breaches of representations, warranties, or other provisions of this
Agreement or in connection with the contemplated transactions.

 

Section 8.11. Non-Recourse. Except as may
otherwise be expressly set forth in this Article 8, no party shall have recourse whatsoever under this Agreement against any of
the Representatives of the other parties (including for such purposes, the Representatives of any Affiliate of a party). Without limiting
the generality of the foregoing, except as expressly set forth in this Article 8, the Purchaser and the Parent, on behalf of themselves
and their respective Affiliates, and the Sellers, on behalf of themselves and their respective Affiliates, each hereby fully and irrevocably
waives any right, claim, or entitlement whatsoever against such Representatives relating to any and all Losses suffered or incurred by
any of them arising from, based upon, related to, or associated with this Agreement or the transactions contemplated hereby (including
any breach, termination, or failure to consummate such transactions) in each case whether based on contract, tort, strict liability Law,
or otherwise and whether by piercing of the corporate veil, by claim on behalf of or by a party hereto or other Person, or otherwise.

 

    	 	25	 

     

    

 

Article
9

MISCELLANEOUS

 

Section 9.1. Interpretation. In addition
to the terms defined in this Agreement, terms used in this Agreement and defined in Annex A shall have the meanings ascribed to
such terms therein.

 

Section 9.2. Sellers’ Representative.

 

	 	(a)	For purposes of this Agreement, the Sellers hereby designate the Sellers’ Representative to serve as the sole and exclusive representative of the Sellers with respect to those provisions of this Agreement that contemplate action by the Sellers’ Representative.

 

	 	(b)	The Sellers’ Representative is hereby constituted and appointed as agent and attorney-in-fact for and on behalf of the other Sellers with respect to the performance of his or her duties as the Sellers’ Representative. This power of attorney and all authority hereby conferred is coupled with an interest and is irrevocable and shall not terminate or otherwise be affected by the death, disability, incompetence, bankruptcy, or insolvency of any Seller. The Sellers’ Representative shall promptly deliver to each Seller any notice received by the Sellers’ Representative concerning this Agreement. Without limiting the generality of the foregoing, the Sellers’ Representative has full power and authority, on behalf of each Seller and such Seller’s successors and assigns, to: (i) interpret the terms and provisions of this Agreement and the documents to be executed and delivered by the Sellers in connection herewith; (ii) execute and deliver and receive deliveries of all agreements, certificates, statements, notices, approvals, extensions, waivers, undertakings, amendments, and other documents required or permitted to be given in connection with the consummation of the transactions contemplated by this Agreement; (iii) receive service of process in connection with any claims under this Agreement; (iv) agree to, negotiate, enter into settlements and compromises of, assume the defense of claims, and demand arbitration and comply with orders of courts and awards of arbitrators with respect to such claims, and to take all actions necessary or appropriate in the judgment of the Sellers’ Representative for the accomplishment of the foregoing; (v) give and receive notices and communications; and (vi) take all actions necessary or appropriate in the judgment of the Sellers’ Representative on behalf of the Sellers in connection with this Agreement.

 

	 	(c)	Service by the Sellers’ Representative shall be without compensation except as otherwise agreed in writing by the Sellers and for the reimbursement by the Sellers of out-of-pocket expenses and indemnification specifically provided herein.

 

	 	(d)	The Sellers’ Representative shall have no duties or responsibilities except those expressly set forth herein, and no implied covenants, functions, responsibilities, duties, obligations, or liabilities on behalf of any Seller shall otherwise exist against the Sellers’ Representative. The Sellers’ Representative shall not be liable to any Seller relating to the performance of the Sellers’ Representative’s duties under this Agreement for any errors in judgment, negligence, oversight, breach of duty, or otherwise except to the extent it is finally determined in a court of competent jurisdiction by clear and convincing evidence that the actions taken or not taken by the Sellers’ Representative constituted actual fraud or were taken or not taken in bad faith. The Sellers’ Representative shall be indemnified and held harmless by the Sellers against all losses, including costs of defense, paid or incurred in connection with any action, suit, proceeding, or claim to which the Sellers’ Representative is made a party by reason of the fact that the Sellers’ Representative was acting as the Sellers’ Representative pursuant to this Agreement; provided, however, that the Sellers’ Representative shall not be entitled to indemnification hereunder to the extent it is finally determined in a court of competent jurisdiction by clear and convincing evidence that the actions taken or not taken by the Sellers’ Representative constituted actual fraud or were taken or not taken in bad faith.

 

	 	(e)	The Purchaser and the Parent shall be entitled to rely upon any actions taken by the Sellers’ Representative as the duly authorized action of the Sellers’ Representative on behalf of each Seller with respect to any matters set forth in this Agreement.

 

    	 	26	 

     

    

 

Section 9.3. Notices. All notices, requests,
consents, claims, demands, waivers, and other communications hereunder shall be in writing and shall be deemed to have been given (a) when
delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight
courier (receipt requested); (c) on the date sent by e-mail of a PDF document (with confirmation of transmission) if sent during
normal business hours of the recipient, and on the next Business Day if sent after normal business hours of the recipient; or (d) on
the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must
be sent to the respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given
in accordance with this Section 9.3):

 

To the Purchaser or the Parent:

 

Siyata Mobile Inc.

ClearRF Nevada Inc.

1001 Lenoir Street, Suite A-414

 

Montreal, QC, H4C 2Z6

Canada

 

Attention:Marc Seelenfreund, CEO

Email:marc@siyata.net

 

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

 

Cassels Brock & Blackwell LLP

 

2200 HSBC Building, 885 West Georgia Street

Vancouver, BC, V6C 3E8

Canada

 

Attention:Jeff Durno

 

Email:jdurno@cassels.com

 

To the Sellers or the Sellers’
Representative:

 

Tod Byers

1108 N River Ridge Blvd

Spokane, WA, 99224

United States of America

Attention:Tod Byers

Email:tod.byers@servatron.com

 

Section 9.4. Entire Agreement. This Agreement
(including all Schedules, Annexes, and Exhibits hereto), the Confidentiality Agreement, and the Transaction Documents contain the entire
agreement among the parties with respect to the subject matter hereof and thereof, and supersede all prior agreements and understandings,
oral or written, with respect to such matters.

 

Section 9.5. Amendment; Waiver. Any provision
of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of an amendment,
by the Purchaser, the Parent, and the Sellers’ Representative, or in the case of a waiver, by the party against whom such waiver
is intended to be effective. No failure or delay by any party in exercising any right, power, or privilege hereunder shall operate as
a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any
other right, power or privilege.

 

    	 	27	 

     

    

 

Section 9.6. No Assignment or Benefit to Third
Parties. This Agreement shall be binding upon and inure to the benefit of the parties and their respective (as applicable) successors,
legal representatives, heirs, executors, and permitted assigns. No party may assign any of its rights or delegate any of its obligations
under this Agreement without the prior written consent of the other parties and any purported assignment in violation of the foregoing
shall be null and void ab initio; provided, however, that the Purchaser and the Parent shall be entitled to assign or delegate
this Agreement or all or any part of its rights or obligations hereunder to any one or more Affiliates of the Purchaser or the Parent;
provided further, however, that any such assignment or delegation by the Purchaser and/or the Parent shall not release the Purchaser
or the Parent from liability for the full and prompt performance of all of their obligations under this Agreement. Except as expressly
set forth herein in Section 6.6 or Article 8, nothing in this Agreement, express or implied, is intended to confer upon
any Person other than the Purchaser, the Parent, the Company, and the Sellers, and their respective (as applicable) successors, legal
representatives, heirs, executors, and permitted assigns, any rights, benefits, or remedies under or by reason of this Agreement.

 

Section 9.7. Expenses. Except as otherwise
expressly provided in this Agreement, whether or not the transactions contemplated hereby are consummated, all costs and expenses incurred
in connection with this Agreement and the transactions contemplated hereby shall be borne by the party incurring such costs and expenses;
provided, however, that notwithstanding the foregoing, the Purchaser or the Parent shall pay to the Sellers’ Representative
a maximum of $30,000 of the reasonable and bona fide attorney fees, which amount includes any applicable Taxes thereon, incurred by the
Sellers or the Company in respect of the transactions contemplated by this Agreement, provided that the Sellers’ Representative
delivers to the Purchaser and the Parent all written documentation in respect of any such fees claimed, and provided further that any
such payment shall not be an adjustment to the Purchase Price.

 

Section 9.8. Disclosure Schedule.

 

	 	(a)	The “Disclosure Schedule” means that certain document identified as the Disclosure Schedule, dated as of the date hereof (as may be modified from time to time in accordance with the terms hereof), delivered by the Company and the Sellers to the Purchaser and the Parent in connection with this Agreement and which: (i) sets forth the information specifically described in certain of the representations and warranties contained in Article 3 and Article 4; and (ii) set forth exceptions or qualifications to the representations and warranties contained in Article 3 and Article 4. It is specifically acknowledged that the Disclosure Schedule may expressly provide exceptions to a particular Section of Article 3 or Article 4 notwithstanding that the Section does not state “except as set forth in Section ‘__’ of the Disclosure Schedule” or words of similar effect.

 

	 	(b)	Each Section of the Disclosure Schedule is qualified in its entirety by reference to specific provisions of this Agreement and does not constitute, and shall not be construed as constituting, representations, warranties, or covenants of any party, except as and to the extent provided in this Agreement. Certain matters set forth in the Disclosure Schedule are included for informational purposes only notwithstanding that, because they do not rise above applicable materiality thresholds or otherwise, they may not be required by the terms of this to be set forth herein. All attachments to the Disclosure Schedule are incorporated by reference into the Section of the Disclosure Schedule in which they are referenced.

 

Section 9.9. Governing Law; Submission to Jurisdiction;
Waiver of Jury Trial.

 

	 	(a)	This Agreement and all Legal Proceedings arising out of or relating to this Agreement (“Agreement Proceedings”) shall be governed by, and construed in accordance with, the internal laws of the Province of British Columbia, Canada, without regard to the laws of any other jurisdiction that might be applied because of the conflicts of laws principles of such state.

 

	 	(b)	Except as otherwise provided in this Agreement, each party hereby (i) irrevocably and unconditionally submits to the exclusive jurisdiction of the courts situate in the Province of British Columbia, Canada, for purposes of all Agreement Proceedings, (ii) agrees not to commence any proceeding except in such courts and (iii) irrevocably waives, to the fullest extent permitted by Law, any objection which such party may now or hereafter have to the laying of the venue of any such court or that such proceeding has been brought in an inconvenient forum.

 

	 	(c)	To the extent permitted by Law, each party hereby knowingly, voluntarily, and intentionally waives the right to a trial by jury in respect of any Agreement Proceedings.

 

    	 	28	 

     

    

 

Section 9.10. Construction. 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) the terms defined in the singular 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 Article, Section, clause, Schedule, Annex, or
Exhibit shall refer, respectively, to the Articles, Sections and clauses of, and Schedules, Annex, and Exhibits to, 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) any reference to the masculine, feminine or neuter gender shall include
each other gender; (g) when reference is made herein to “the business of” a Person, such reference shall be deemed to
include the business of all direct and indirect Subsidiaries of such Person; (h) any reference to any applicable Law in this Agreement
refers to such applicable Law as in effect at the date hereof and the Closing Date; and (i) in the computation of periods of time
from a specified date to a later specified date, the word “from” means “from and including” and the words “to”
and “until” each mean “to but excluding” and if the last day of any such period is not a Business Day, such period
will end on the next Business Day.

 

Section 9.11. Counterparts; Effectiveness.
This Agreement may be executed in several counterparts, any of which counterparts may be executed and delivered electronically, each of
which shall be deemed an original and all of which shall together constitute one and the same instrument.

 

Section 9.12. Severability. The provisions
of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision hereof shall not affect the validity
or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any Person or any
circumstance, is invalid or unenforceable: (a) a suitable and equitable provision shall be substituted therefor in order to carry
out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision; and (b) the remainder
of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or
unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such provision, or the application
thereof, in any other jurisdiction.

 

Section 9.13. Time of Essence. Time is
of the essence for each and every provision of this Agreement.

 

Section 9.14. No Rescission. No party shall
be entitled to rescind the transactions contemplated hereby by virtue of any failure of any party’s representations and warranties
herein to have been true or any failure by any party to perform its obligations hereunder.

 

Section 9.15. Further Assurances. Each
of the parties shall execute and deliver such additional documents, instruments, conveyances, and assurances and take such further actions
as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated hereby.

 

Section 9.16. Interpretation. Each of the
parties hereby acknowledges that it has been afforded the opportunity to obtain independent legal advice and confirms by the execution
and delivery of this Agreement that they have either done so or waived their right to do so in connection with the entering into of this
Agreement.

 

[Remainder of Page Intentionally Left Blank]

 

    	 	29	 

     

    

 

IN WITNESS WHEREOF the parties have executed and
delivered or caused this Agreement to be executed and delivered as of the date first written above.

 

	 	CLEARRF NEVADA INC.
	 	 
	 	/s/ Gerald Bernstein / 
	 	Name: Gerald Bernstein
	 	Title: Director
	 	 
	 	SIYATA MOBILE INC.
	 	 
	 	/s/ Gerald Bernstein / 
	 	Name: Gerald Bernstein
	 	Title: Chief Financial Officer
	 	 
	 	CLEAR RF LLC
	 	 
	 	By /s/ Tod Byers /
	 	Name: Tod Byers
	 	Title: Manager

 

- Equity Purchase Agreement -

 

     

     

    

 

	

___________________________________

Witness Name:	 	

_/s/ Tod Byers / _____________________

TOD BYERS, as Sellers’ Representative
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Tod Byers / _____________________

TOD BYERS, as Seller
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ John Miskulin /___________________

JOHN MISKULIN
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Keith Swenson /___________________

KEITH SWENSON
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Shawn Taylor /____________________

SHAWN TAYLOR
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Tom Vietri / ______________________

TOM VIETRI
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Peter Wilhite /____________________

PETER WILHITE
	 	 	 
	

___________________________________

Witness Name:	 	

_/s/ Charles Griep / ___________________

CHARLES GRIEP

 

- Equity Purchase Agreement -

 

     

     

    

 

ANNEX A

 

DEFINITIONS

 

In this Annex, and in the Agreement and the other
Schedules thereto, unless the context otherwise requires, the following terms shall have the meanings assigned below and the terms listed
in the chart below shall have the meanings assigned to them in the Section set forth opposite to such term (unless otherwise specified,
section references in this Annex are to Sections of this Agreement):

 

“Affiliate”
means, with respect to any subject Person, any other Person directly or indirectly controlling, controlled by, or under common control
with, such subject Person as of the date on which, or at any time during the period for which, the determination of affiliation is being
made. For purposes of this definition, the term “control” (including the correlative meanings of the terms “controlled
by” and “under common control with”), as used with respect to any Person, means the possession, directly or indirectly,
of the power to direct or cause the direction of the management policies of such Person, whether through the ownership of voting securities
or by contract or otherwise.

 

“Benefit Plan”
means any “employee benefit plan” within the meaning of Section 3(3) of ERISA, and any other material policy, program
or arrangement providing for compensation or benefits within the United States and subject to the jurisdiction thereof, or providing for
compensation or benefits within and subject to the jurisdictions of the Company, including, without limitation, bonuses, stock options,
equity or incentive compensation, phantom equity, profit-sharing, deferred compensation, life insurance, pension, retirement, expense
reimbursements, medical, hospital, disability, welfare or fringe benefits, change of control, severance, or vacation pay, to which the
Company is a party, with respect to which the Company has any obligation or which are maintained, contributed to or sponsored by the Company
for the benefit of any current or former Employee, officer, or director.

 

“Books and Records”
means the books of account, accounting records, and other financial data and information relating to the Company and all books, records,
books of account, sales and purchase records, lists of suppliers and customers, credit and pricing information, personnel and payroll
records, production, inventory, and accounts receivable data, formulae, business, consulting reports, and research and development information
and plans and projections of or relating to the Company and all other documents, files, records, maps, site plans, appraisals, correspondence,
and other data and information, financial or otherwise, which relate to the Company, including all data and information stored electronically,
digitally, or on computer related media.

 

“Business Day”
means a day other than a Saturday, Sunday, or any day on which banks are authorized or obligated by Law or executive order to close in
Spokane, Washington, or Vancouver, British Columbia, or Toronto, Ontario. Any action required hereunder to be taken within a certain number
of Business Days shall, except as may otherwise be expressly provided herein, be taken within that number of Business Days excluding the
Business Day on which the counting is initiated and including the final Business Day of the period.

 

“Company Intellectual
Property” means any Patents, Marks, Copyrights, and other Intellectual Property owned by the Company.

 

“Company’s
Knowledge”, “Knowledge of the Company”, or any variant thereof means the actual knowledge, after reasonable
investigation, of any of the Sellers.

 

“Consideration Shares”
means, collectively, the Closing Date Consideration Shares and the Holdback Consideration Shares.

 

“Contracts”
means all agreements, contracts, leases, and binding commitments.

 

“Copyrights”
means all registered U.S. and registered foreign works of authorship and all applications to register and renewals of any of the foregoing.

 

“Current Market Price”
means the price equal to the “Minimum Price” of the Parent Shares pursuant to Nasdaq Listing Rule 5635(d), or if the Parent
Shares or any other security in respect of which a determination of Current Market Price is being made are not listed on any national
securities exchange, the Current Market Price shall be determined in good faith by the directors of the Parent, which determination shall
be conclusive, absent fraud or manifest error;

 

     

     

    

 

“Dollars”
or “$” means the lawful currency of the United States of America.

 

“EDGAR”
means the system of Electronic Data Gathering, Analysis and Retrieval.

 

“Employees”
means (a) each person who as of immediately prior to the Closing is an active employee of the Company, including employees on vacation
or on a regularly scheduled day off from work (including for jury service or military service duty); and (b) each employee of the
Company who is on short-term disability, long-term disability, or leave of absence as of immediately prior to the Closing.

 

“Enforceable”
means, with respect to a Contract, that such Contract is the legal, valid, and binding obligation of the applicable Person, enforceable
against such Person in accordance with its terms, except as such enforceability may be subject to the effects of bankruptcy, insolvency,
reorganization, moratorium, or other similar Laws relating to or affecting the rights of creditors, and general principles of equity regardless
of whether such enforceability is considered in a proceeding in equity or at law.

 

“Equity Securities”
means any (a) units, stock, shares, partnership interests, or other equity securities or capital interests; (b) warrants, options
or other rights to purchase or otherwise acquire securities described in clause (a) of this definition; (c) equity appreciation
rights or profits interests; and (d) obligations, evidences of indebtedness, or other securities or interests convertible or exchangeable
into securities described in clauses (a), (b), or (c) of this definition.

 

“ERISA”
means the United States Employee Retirement Income Security Act of 1974.

 

“Fraud”
means, with respect to any party, such party’s actual and intentional fraud with respect to the making of representations and warranties
herein.

 

“GAAP”
means United States generally accepted accounting principles, consistently applied during the periods involved.

 

“Governmental Authority”
means any United States or foreign federal, state, provincial, or local government or other political subdivision thereof, any entity,
authority, or body exercising executive, legislative, judicial, regulatory, or administrative functions of any such government or political
subdivision, and any supranational organization of sovereign states exercising such functions for such sovereign states.

 

“Griep”
means Charles Griep, as Seller.

 

“Indebtedness”
means all principal, interest, premiums, or other obligations (including all premiums, penalties, fees, expenses, indemnities, or breakage
costs payable as a result of the consummation of the Closing or that would be required to be paid to extinguish the indebtedness at the
Closing) (i) of the Company related to (A) indebtedness for borrowed money; (B) obligations for the deferred purchase price of property
or services (including any “earn-out” or similar payments, but other than Accounts Payable incurred in the ordinary course
of business and included as Current Liabilities in Closing Working Capital, excluding, however, any Accounts Payable that are overdue
(which, for the avoidance of doubt, shall be considered “Indebtedness”)); (C) obligations evidenced by notes, bonds, debentures,
or other similar instruments, and the amount of all checks drawn in excess of balances; (D) indebtedness created or arising under any
conditional sale or other title retention agreement; (E) obligations under leases that have been or should be, in accordance GAAP,
recorded as capital leases; (F) obligations, contingent, or otherwise, under acceptance, letter of credit, or similar facilities,
(G) obligations pursuant to factoring agreements for accounts receivable; (H) obligations with respect to interest rate, commodity, currency
or financial markets swaps, collars, caps, options, futures, or other hedging obligations; (I) severance obligations to any current or
former employee of the Company whose employment terminated prior to the Closing or who receives or provides a notice of termination prior
to the Closing; (J) obligations relating to deferred compensation; (K) obligations to or between the Company, its Affiliates and their
current or former directors, employees, officers, shareholders, consultants, or independent contractors and any of their respective Affiliates;
(L) unpaid current Tax liabilities of the Company arising prior to Closing (this clause (L) not to be less than zero); (M) deferred revenue
and/or advance payments made by customers; or (N) any other liabilities required under GAAP to be disclosed in the financial statements
which are not otherwise referred to in clauses (A) through (M) above; or (ii) indebtedness of Persons other than the Company of the type
referred to in clauses (i)(A) through (N) above that is guaranteed directly or indirectly in any manner, by the Company or that is secured
by (or for which the holder of such indebtedness has an existing right, contingent or otherwise, to be secured by) any property of the
Company. For greater certainty, Indebtedness of shall not include: (w) any Transaction Expenses; and (x) any Indebtedness included in
the calculation of Current Liabilities and the determination of Working Capital.

 

     

     

    

 

“Intellectual Property”
means any and all of the following: Patents, copyrightable works, Copyrights, technology, know-how, processes, Trade Secrets, inventions
and designs (including inventions and/or designs conceived prior to the Closing Date but not documented as of the Closing Date), and all
improvements to any of the foregoing, proprietary data, formulae, research and development data, Marks, Internet domain names, Internet
addresses and other computer identifiers, websites or web pages, brand names or company names (including, in each case, the goodwill associated
therewith).

 

“Law” means
any statute, law, ordinance, rule, or regulation of any Governmental Authority.

 

“Legal Proceeding”
means any civil, criminal, or administrative actions, proceedings, suits, demands or claims filed by or before any Governmental Authority
or arbitrator.

 

“Lien”
means any charge, mortgage, pledge, security interest, lien, claim, or encumbrance, other than those that customarily arise under securities
Laws in private transactions.

 

“Losses”
means any damages, losses, charges, liabilities, judgments, settlements, awards, interest, penalties, fees, costs, and expenses (including
legal fees, costs, and expenses) actually incurred or paid, but shall not include (a) any consequential, indirect, incidental, special,
unforeseen, exemplary, or punitive damages, including diminution of value, lost profits, lost revenues, business interruption, loss of
business reputation or opportunity, or any damages based on any type of multiple; and (b) any costs and expenses that are not documented
and reasonable.

 

“Marks”
means all U.S. and foreign trade names, trademarks, trade dress, and service marks, together with any applications related thereto, as
applicable.

 

“Material Adverse
Effect” means a material adverse effect on the financial condition or results of operations of the Company (taken as a whole);
provided, however, that none of the following shall constitute or be deemed to contribute to a Material Adverse Effect, or shall
otherwise be taken into account in determining whether a Material Adverse Effect has occurred or would reasonably be likely to occur:
any adverse effect arising out of, resulting from or attributable to (a) changes or proposed changes in applicable Laws or in the
interpretation or enforcement thereof; (b) changes in general economic, business, or regulatory conditions in the United States or
Canada; (c) changes in United States, Canadian, or global financial or securities markets or conditions, including changes in prevailing
interest rates, currency exchange rates, or price levels or trading volumes in the United States, Canada, or foreign securities markets,
(d) changes in global or national political conditions (including the outbreak or escalation of war, military action, sabotage, or
acts of terrorism) or changes due to natural disasters; (e) changes arising from the COVID-19 pandemic or the effects thereof; (f) the
effects of the actions or omissions under this Agreement of the Company or any Seller under this Agreement that are taken with the consent
of the Purchaser and/or the Parent; (g) the effects of the actions or omissions under this Agreement of the Purchaser and/or the
Parent under this Agreement that are taken with the consent of the Sellers’ Representative; (h) the negotiation, announcement,
pendency, or consummation of this Agreement and the transactions contemplated hereby, including the identity of, or the effect of any
fact or circumstance relating to, the Purchaser, the Parent, or any of their respective Affiliates or any communication by the Purchaser,
the Parent, or any of their respective Affiliates regarding plans, proposals, or projections with respect to the Company; or (i) any
matter, event, or circumstance which is cured prior to Closing.

 

“Order”
means any judgment, order, writ, decision, injunction, award, or decree of any foreign, federal, state, local or other court or tribunal
and any ruling or award in any binding arbitration proceeding.

 

“Organizational Documents”
of a Person means its certificate of formation, articles of incorporation, bylaws, operating agreement, and/or other organizational documents,
as applicable.

 

“Parent Shares”
means common shares in the capital of Siyata Mobile Inc.

 

“Patents”
means all issued U.S. and foreign patents and pending patent applications, including design patents and industrial designs.

 

“Percentage Interest”
means the percentage interest of the applicable Seller in respect of their Membership Interests, as set forth on Annex B.

 

“Permits”
means all licenses, permits, franchises, approvals, authorizations, consents, or orders of, or filings with, any Governmental Authority
that are necessary for the operation of the Company.

 

     

     

    

 

“Permitted Liens”
means (a) landlords’, lessors’, mechanics’, materialmen’s, warehousemen’s, carriers’, workers’,
manufacturer’s or repairmen’s Liens or other similar Liens arising or incurred in the ordinary course of business; (b) Liens
for Taxes, assessments and other governmental charges not yet due and payable or due but not delinquent or being contested in good faith
by appropriate Legal Proceedings; and (c) Liens created by this Agreement or any of the Transaction Documents, or in connection with
the transactions contemplated hereby by the Purchaser and the Parent.

 

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

 

“Publicly Available
Software” means: (a) any software that contains, or is derived in any manner in whole or in part from, any software that
is distributed as free software, open source software (e.g. Linux) or under similar licensing or distribution models; (b) any software
that may require as a condition of use, modification or distribution that such software or other software incorporated into, derived from
or distributed with such software: (i) be disclosed or distributed in source code form; (ii) be licensed for the purpose of
making derivative works; or (iii) be redistributable at no charge.

 

“Representative”
or “Representatives” means, with respect to a particular Person, any director, member, limited or general partner,
equity holder, officer, employee, agent, consultant, or other representative of such Person, including outside legal counsel, accountants,
and financial advisors.

 

“SEDAR”
means the System for Electronic Document Analysis and Retrieval.

 

“Servatron”
means Servatron, Inc.

 

“Subsidiary”
means with respect to any Person, any corporation, limited liability company, partnership, association, or other business entity of which
(a) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency)
to vote in the election of directors, managers, or trustees thereof is at the time owned or controlled, directly or indirectly, by that
Person or one or more of the other subsidiaries of that Person or a combination thereof; or (b) if a limited liability company, partnership,
association, or other business entity (other than a corporation), a majority of partnership or other similar ownership interests thereof
having the power to govern or elect members of the applicable governing body of such entity is at the time owned or controlled, directly
or indirectly, by that Person or one or more subsidiaries of that Person or a combination thereof; and the term “Subsidiary”
with respect to any Person shall include all subsidiaries of each subsidiary of such Person.

 

“Target Working Capital”
means $100,000, unless the Sellers’ Representative and the Purchaser agree in writing to a different dollar amount.

 

“Tax Returns”
means any report, return, computation, declaration, claim, claim for refund, or information return or statement with respect to Taxes.

 

“Tax Sharing Agreement”
means any Tax indemnity agreement, Tax sharing agreement, Tax allocation agreement, or similar Contract or arrangement (other than customary
provisions in a commercial agreement entered into in the ordinary course of business, the primary of purpose of which did not relate to
Taxes).

 

“Taxes”
means all federal, state, provincial, or local and all foreign taxes, including income, gross receipts, windfall profits, value added,
severance, property, production, sales, use, duty, license, excise, franchise, employment, withholding, or similar taxes, together with
any interest, additions, or penalties with respect thereto and any interest with respect to such additions or penalties.

 

“Taxing Authority”
means any Governmental Authority having jurisdiction over the assessment, determination, collection, or other imposition of any Tax.

 

“Third Party”
means a Person that is not a party to this Agreement.

 

“Trade Secrets”
mean trade secrets, confidential business information, and other proprietary information including, without limitation, designs, research
and development information, technical information, specifications, operating and maintenance manuals, methods, engineering drawings,
know-how, data, discoveries, inventions, industrial designs and other proprietary rights (whether or not patentable or subject to copyright,
mask work, or trade secret protection); in each of the foregoing cases which (a) has economic value to the Company by virtue of its
secrecy; and (b) that the Company elects to maintain as a trade secret under applicable law.

 

     

     

    

 

“Transaction Documents”
means, with respect to a party, all agreements, certificates and other instruments to be delivered by such party at Closing pursuant to
this Agreement.

 

“Transaction Expenses”
means all expenses of the Sellers or the Company incurred or to be incurred in connection with the preparation, negotiation, execution,
or consummation of this Agreement and the process conducted in respect thereof, including all fees and disbursements of legal advisors,
investment bankers, brokers, accountants and other advisors and service providers.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]