Document:

Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

dated as of April 22, 2022

 

by and among

 

AULT ALLIANCE,
INC., or its designee(s),

 

as Buyer,

 

and

 

EYP Group
Holdings, Inc.

 

and

 

ITS SUBSIDIARIES AND AFFILIATES SIGNATORY HERETO

 

as Sellers

    	 		 

    	 

    

 

TABLE OF CONTENTS

 

Page

 

	ARTICLE 1	DEFINITIONS	1
	1.1	Defined Terms	1
	1.2	Interpretation	17
	ARTICLE 2	ACQUIRED ASSETS AND ASSUMPTION OF LIABILITIES	18
	2.1	Assets to be Acquired	18
	2.2	Liabilities to be Assumed by Buyer	18
	2.3	Excluded Liabilities	18
	2.4	Wrong Pockets	18
	2.5	Assumption and Assignment of Contracts and Leases	18
	ARTICLE 3	CLOSING; PURCHASE PRICE	20
	3.1	Closing; Transfer of Possession; Certain Deliveries	20
	3.2	Consideration	22
	3.3	Allocation of Purchase Price	22
	ARTICLE 4	REPRESENTATIONS AND WARRANTIES OF SELLERS	23
	4.1	Organization	23
	4.2	Authorization of Transaction	23
	4.3	Governmental Consents	23
	4.4	No Conflicts	24
	4.5	Acquired Assets	24
	4.6	Litigation; Orders	24
	4.7	Tangible Personal Property	25
	4.8	Employment Matters	25
	4.9	Compliance with Laws; Permits	26
	4.10	Trade Controls	26
	4.11	Anti-Bribery Laws	27
	4.12	Contracts and Leases	27
	4.13	Real Property	27
	4.14	Intellectual Property	28
	4.15	Brokers’ Fees and Commissions	28
	4.16	Financial Statements	28
	4.17	Tax Matters	29
	4.18	Employee Benefits Matters	29
	4.19	Absence of Changes	31
	4.20	Exclusive Representations and Warranties	31
	ARTICLE 5	REPRESENTATIONS AND WARRANTIES OF BUYER	31
	5.1	Organization	31
	5.2	Due Authorization, Execution and Delivery; Enforceability	32
	5.3	Governmental Approvals	32
	5.4	No Conflicts	32

 

    	 	i	 

    	 

    

 

	5.5	Sufficiency of Funds	32
	5.6	Adequate Assurances Regarding Executory Contracts	32
	5.7	Exclusive Representations and Warranties	33
	5.8	No Outside Reliance	33
	ARTICLE 6	COVENANTS OF THE PARTIES	33
	6.1	Conduct of Business Pending the Closing	33
	6.2	Access	35
	6.3	Public Announcements	35
	6.4	Tax Matters	35
	6.5	Commercially Reasonable Efforts	36
	6.6	Further Assurances	37
	6.7	Bankruptcy Court Matters	37
	6.8	Cure Costs	39
	6.9	Preservation of Books and Records	40
	6.10	Notification of Certain Matters	40
	6.11	Confidentiality	40
	6.12	Employees	40
	6.13	Bulk Transfer Laws	41
	6.14	Collection of Accounts Receivable	42
	6.15	Use of Name and Marks	42
	6.16	No Successor Liability	42
	ARTICLE 7	CONDITIONS TO OBLIGATIONS OF THE PARTIES	42
	7.1	Conditions Precedent to Obligations of Buyer	42
	7.2	Conditions Precedent to the Obligations of Sellers	43
	7.3	Frustration of Conditions Precedent	44
	ARTICLE 8	TERMINATION	44
	8.1	Termination of Agreement	44
	8.2	Consequences of Termination	46
	ARTICLE 9	MISCELLANEOUS	46
	9.1	Expenses	46
	9.2	Assignment	46
	9.3	Parties in Interest	46
	9.4	Notices	47
	9.5	Choice of Law	47
	9.6	Entire Agreement; Amendments and Waivers	48
	9.7	Counterparts; Facsimile and Electronic Signatures	48
	9.8	Severability	48
	9.9	Headings	48
	9.10	Exclusive Jurisdiction; Specific Performance	48
	9.11	WAIVER OF RIGHT TO TRIAL BY JURY	49
	9.12	Survival	50
	9.13	Computation of Time	50
	9.14	Time of Essence	50

 

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	9.15	Non-Recourse	50
	9.16	Disclosure Schedules	50
	9.17	Sellers’ Representative; Dealings Among Sellers	51
	9.18	Mutual Drafting	51
	9.19	Fiduciary Obligations	51
	9.20	No Right of Set-off	51

 

 

    	 	iii	 

    	 

    

 

ASSET PURCHASE
AGREEMENT

 

This ASSET PURCHASE AGREEMENT,
dated as of April 22, 2022 (the “Agreement Date”), is by and among EYP Group Holdings, Inc., a Delaware corporation
(“EYP”), and each of EYP’s Subsidiaries and Affiliates listed on the signature pages hereto (together with EYP,
“Sellers” or the “Company”, and each, a “Seller”) and Ault Alliance, Inc., a
Delaware corporation, or its designee(s) (“Buyer”). Each Seller and Buyer are referred to herein individually as a
“Party” and collectively as the “Parties”.

 

WITNESSETH:

 

WHEREAS, Sellers engage
in the business of providing architectural and engineering design services, and related consulting, to public and private clients (the
“Business”);

 

WHEREAS, on or about
April 24, 2022, Sellers (collectively, the “Debtors”), will commence voluntary cases (collectively, the “Chapter
11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) by filing petitions
for relief in the Bankruptcy Court (the date of such filing, the “Petition Date”);

 

WHEREAS, Sellers have
agreed to sell to Buyer, and Buyer has agreed to purchase, the Acquired Assets as of the Closing, and Buyer is willing to assume from
Sellers the Assumed Liabilities as of the Closing, in each case upon terms and subject to the conditions set forth hereinafter (including
the Auction);

 

WHEREAS, the board
of directors, including the independent directors, of EYP, and the boards of directors or other governing bodies of the other Sellers
have each determined that it is advisable and in the best interests of Sellers and their creditors to consummate the Transactions, and
have approved this Agreement;

 

WHEREAS, Sellers intend
to seek the entry of the Bidding Procedures Order and the Sale Order by the Bankruptcy Court approving the Transactions contemplated by
this Agreement and authorizing Sellers to consummate the Transactions upon the terms and subject to the conditions set forth herein and
in the Bidding Procedures Order and the Sale Order (each as defined below) to be entered in the Chapter 11 Cases under sections 105, 363,
365 and other applicable provisions of the Bankruptcy Code.

 

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

 

ARTICLE 1

DEFINITIONS

 

1.1       Defined
Terms. As used herein, the terms below shall have the following respective meanings:

 

    	 		 

    	 

    

 

“Acquired Assets”
shall mean all properties, assets, interests and rights of every nature, tangible and intangible of Sellers (real or personal, now existing
or hereafter acquired, whether or not reflected on the books or financial statements of Sellers) Relating to the Business, and in any
event, including the following assets of Sellers, except the Excluded Assets shall not be Acquired Assets:

 

(a)       all
accounts and notes receivable of the Business (whether current or non-current), including unbilled revenue under the Assumed Contracts,
and all causes of action specifically pertaining to the collection of the foregoing, except as set forth on Schedule 1.1(a);

 

(b)       subject
to Section 2.5, all rights of Sellers under the Assumed Contracts and Assumed Leases, including Sellers’ rights with respect
to the Leased Real Property subject to the Assumed Leases;

 

(c)       subject
to the right of Sellers to retain copies (at Sellers’ expense and subject to Section 6.9), all Acquired Business Information,
including customer lists, customer data, customer contact information, correspondence with present or prospective customers or suppliers,
mailing lists, distribution lists, and supplier lists, in the possession or control of any Seller and whether in hard or electronic format;

 

(d)       all
intangible personal property (other than Intellectual Property) owned by Sellers, including all goodwill Relating to the Business, the
Acquired Assets and/or the Assumed Liabilities;

 

(e)       all
tangible assets, including equipment, machinery, furniture, supplies, computer hardware, data networks, servers, communication equipment,
software, discs, stored data, raw materials, work in progress, finished goods, and other tangible personal property Relating to the Business;

 

(f)       to
the extent transferrable, all rights of Sellers to refunds, reimbursements, promotional allowances, vendor rebates and similar items,
all warranties, express or implied, received from third parties, claims, causes of action, rights of recovery, rights of set-off and rights
of recoupment of every kind and nature relating to the Acquired Assets or the Assumed Liabilities;

 

(g)       all
prepaid expenses of Sellers relating to any of the Assumed Contracts or Assumed Leases, including deposits, security deposits, merchant
deposits, prepaid rent and prepaid expenses;

 

(h)       to
the extent transferable, all Intellectual Property owned or licensed by any Seller Relating to the Business (the “Transferred
Intellectual Property”) and all evidence of such Transferred Intellectual Property which is in any Seller’s possession,
custody or control;

 

(i)       to
the extent transferable and assignable, Sellers’ interest in all licenses, License Agreements, and Licensed Software;

 

(j)       all
Permits Relating to the Business and all pending applications for such Permits, but only to the extent transfer or assignment of such
Permits or such applications to Buyer is permitted by Law (collectively, the “Acquired Permits”);

 

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(k)       all
Avoidance Actions; provided that neither the Buyer, nor any Person claiming by, through or on behalf of the Buyer (including by
operation of law, sale, assignment, conveyance or otherwise) shall pursue, prosecute, litigate, institute or commence an action based
on, assert, sell, convey, assign or file any claim that relates to the Avoidance Actions;

 

(l)       to
the extent transferable, the Benefit Plans identified on Schedule 1.1(l) to the Disclosure Schedules (collectively, “Assumed
Benefit Plans”), including, for the avoidance of doubt, that certain Executive Nonqualified “Excess” Plan pursuant
to the Adoption Agreement dated as of September 1, 2011, as thereafter amended (the “Excess Plan”), and any contributions
or pending contributions to the Assumed Benefit Plans held or to be held by or on account of Sellers;

 

(m)       to
the extent transferable, the insurance policies and binders of any Seller set forth on Schedule 1.1 (m) to the Disclosure Schedules,
including all rights, benefits and proceeds under or arising out of such insurance policies, Relating to the Business or any of the Acquired
Assets or Assumed Liabilities (but excluding any returns and refunds of any premiums paid, or other amounts due back to Sellers, with
respect to cancelled policies) (the “Assumed Insurance Policies”);

 

(n)       all
insurance proceeds received by Sellers (whether before or after the Closing Date) with respect to Acquired Assets or Assumed Liabilities;

 

(o)       any
loss reserves held by Sellers on account of any Assumed Liabilities;

 

(p)       the
capital stock of the Subsidiaries of EYP set forth on Schedule 1.1(p) (“Acquired Capital Stock”) that are not
debtors (as defined in 11 U.S.C. § 101(13)) on the Closing Date;

 

(q)       all
organizational documents, qualifications to conduct business as a foreign corporation, arrangements with registered agents relating to
foreign qualifications, taxpayer and other identification numbers, seals, minute books, stock transfer books, stock certificates, and
other documents relating to any Seller’s organization, maintenance, existence, and operation, in each case relating solely to the
Sellers which capital stock constitutes Acquired Capital Stock and/or the Joint Venture Interests; and

 

(r)       to
the extent transferable, the Joint Venture Interests.

 

“Acquired Business
Information” shall mean all books, financial information, records, files, ledgers, documentation, instruments, research, papers,
data, telephone numbers Related to the Business, websites and URLs Related to the Business, social media accounts, business plans, litigation
files, credit information, cost and pricing information, marketing materials and information, sales or technical literature or similar
information that, in each case, is in the possession or control of any Seller and, in each case, is Relating to the Business, including,
equipment records, files and assignment documentation pertaining to existence, availability, registrability or ownership of the Company’s
Intellectual Property and documentation of the development, conception or reduction to practice thereof; provided that Acquired
Business Information shall not include any information (i) that requires consent of a third-party for transfer hereunder, unless such
consent is obtained (including pursuant to the Sale Order), or (ii) that if transferred hereunder would violate any Law.

 

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“Acquired Capital
Stock” shall have the meaning specified within the definition of “Acquired Assets.”

 

“Acquired Permits”
shall have the meaning specified within the definition of “Acquired Assets.”

 

“Affiliate”
shall, with respect to any Person, mean any other Person that directly, or indirectly through one or more intermediaries, controls, or
is controlled by, or is under common control with, the Person specified, where “control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management policies of a Person, through ownership of voting securities
or rights, by contract, as trustee, executor or otherwise.

 

“Agreement”
shall mean this Asset Purchase Agreement, together with the exhibits and the Disclosure Schedules, in each case as amended, restated,
supplemented or otherwise modified from time to time.

 

“Agreement Date”
shall have the meaning specified in the preamble.

 

“Allocation”
shall have the meaning specified in Section 3.3.

 

“Alternative Transaction”
shall mean (i) the approval by the Bankruptcy Court of a sale or sales of a material portion of the Acquired Assets, or the equity interests
in one or more Sellers and/or Affiliates or Subsidiaries of any Seller, to a Person other than Buyer, and (ii) the filing of a plan of
reorganization or liquidation that does not contemplate the sale of the Acquired Assets to Buyer in accordance with the terms hereof.

 

“Anti-Bribery Laws”
shall have the meaning specified in Section 4.11.

 

“Assumed Contracts”
shall have the meaning specified in Section 2.5(a).

 

“Assumed Insurance
Policies” shall have the meaning specified in Section 1.1(m).

 

“Assumed Leases”
shall have the meaning specified in Section 2.5(a).

 

“Assumed Liabilities”
shall mean the following Liabilities:

 

(s)       all
Liabilities of Sellers under each of the Assumed Contracts, including billing in advance and accrued accounts payable due to Sellers’
consultants, in each case whether arising prior to, from, or after the Closing Date;

 

(t)       all
Liabilities of Sellers under each of the Assumed Leases, whether arising prior to, from, or after the Closing Date;

 

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(u)       all
Liabilities related to Property Taxes, or any other Taxes, imposed upon or assessed directly against the Acquired Assets, to the extent
arising due to operation of the Business or ownership of Acquired Assets from and after the Closing Date;

 

(v)       all
Liabilities related to client prepayments and overpayment, refunds, credits, reimbursements and related adjustments with respect to any
Assumed Contract;

 

(w)       all
Liabilities related to Transfer Taxes related to the Transaction, solely to the extent the total amount of such Liabilities does not exceed
$25,000.00;

 

(x)       all
Liabilities, to the extent arising from and after the Closing, with respect to or relating to the ownership or operation of any of the
Acquired Assets;

 

(y)       all
accrued and unused vacation hours, sick time, or other paid time off of the Transferred Employees accrued in the Ordinary Course of Business
and identified in the schedules provided by Sellers pursuant to Sections 4.8(c) and (d);

 

(z)       all
Liabilities with respect to the Transferred Employees as identified in the schedules provided by Sellers pursuant to Sections 4.8(c)(ii);

 

(aa)     all Liabilities relating
to the Assumed Benefit Plans;

 

(bb)     all Liabilities related
to the Incentive Plan;

 

(cc)     all Liabilities related
to the Assumed Insurance Policies;

 

(dd)     all Liabilities under
the WARN Act related to the Transactions solely to the extent arising due to Buyer’s breach of Section 6.12 below;

 

(ee)     all Liabilities incurred
as a result of performance of Services by or on behalf of the Company under the Transition Services Agreement, subject to the terms of
the Transition Services Agreement;

 

(ff)     all Cure Costs, which
shall be payable only when an Assumed Contract or Assumed Lease is assumed and assigned pursuant to Section 2.5; and

 

(gg)     all Liabilities Relating
to completed or nearly completed client projects as set forth on Schedule 1.1(o); provided, however, the Liabilities identified
on Schedule 1.1(o) shall constitute Assumed Liabilities solely in the event that the Sale Order determines that the insurance policies
and proceeds thereunder identified on Schedule 1.1(o) with respect to each Liability set forth on Schedule 1.1(o) are Acquired
Assets.

 

“Auction”
shall have the meaning set forth in the Bidding Procedures.

 

“Audited Financial
Statements” shall have the meaning specified in Section 4.16.

 

“Avoidance Actions”
shall mean any and all claims for avoidance and recovery of any Seller under chapter 5 of the Bankruptcy Code Relating to the Acquired
Assets or Assumed Liabilities or which may be asserted against counterparties to any Assumed Contract or Assumed Lease.

 

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“Back-Up Bidder”
shall have the meaning specified in Section 6.7(h).

 

“Bankruptcy Code”
shall have the meaning specified in the recitals.

 

“Bankruptcy Court”
shall mean the United States Bankruptcy Court for the District of Delaware or any other court having jurisdiction over the Chapter 11
Cases from time to time.

 

“Bankruptcy Rules”
shall mean the Federal Rules of Bankruptcy Procedure as promulgated by the United States Supreme Court under section 2075 of title 28
of the United States Code, 28 U.S.C. § 2075.

 

“Benefit Plan”
shall mean any employee benefit plan (including as defined in Section 3(3) of ERISA) or any deferred compensation, bonus, pension,
retirement, profit sharing, savings, incentive compensation, stock purchase, stock option or other equity or equity-linked compensation,
disability, death benefit, hospitalization, medical, dental, life, employment (other than any offer letter or employment agreement that
is terminable “at will” without the payment of severance), retention, change in control, termination, severance, separation,
vacation, sick leave, holiday pay, paid time off, leave of absence, fringe benefit, compensation, incentive, insurance, welfare or any
similar plan, program, policy, practice, agreement or arrangement (including any funding mechanism therefor), written or oral, whether
or not subject to ERISA, and whether funded or unfunded, in each case that is adopted, sponsored, maintained, entered into, contributed
to, or required to be maintained or contributed to, by any Seller for the benefit of any Employee, or pursuant to or in connection with
which any Seller could have any Liabilities in respect of any Employee or beneficiary of any Employee.

 

“Bidding Procedures”
shall mean bidding procedures approved by the Bankruptcy Court pursuant to the Bidding Procedures Order, which bidding procedures shall
be in substantially the form attached hereto as Exhibit A.

 

“Bidding Procedures
Motion” shall mean a motion acceptable to the Buyer in its sole discretion seeking Bankruptcy Court approval of the Bidding
Procedures, which shall (a) include Bankruptcy Court authorization of the payment of the Break-Up Fee and Expense Reimbursement; (b) establish
notice and service requirements to all creditors and parties in interest of the Transactions and the Sale Hearing; (c) establish a deadline
for submission of competing bids for the Acquired Assets and assumption of the Assumed Liabilities; and (d) establish thresholds for initial
and subsequent overbids.

 

“Bidding Procedures
Order” shall mean an Order of the Bankruptcy Court approving the Bidding Procedures which shall be in form and substance satisfactory
to Buyer in its sole discretion.

 

“Bill of Sale and
Assignment and Assumption Agreement” shall mean a bill of sale and assignment and assumption agreement to be entered into by
Sellers and Buyer concurrently with the Closing, substantially in the form of Exhibit B.

 

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“Break-Up Fee”
shall be an amount equal to $2,000,000.

 

“Business”
shall have the meaning specified in the recitals.

 

“Business Day”
shall mean any day other than a Saturday, Sunday or a legal holiday on which banking institutions in the State of New York are not required
to open.

 

“Buyer”
shall have the meaning specified in the preamble.

 

“Buyer Material Adverse
Effect” shall mean a material adverse effect on the ability of Buyer to consummate the Transactions.

 

“Chapter 11
Cases” shall have the meaning specified in the recitals.

 

“Claim”
shall mean all charges, proceedings, actions, claims (including administrative claims), counterclaims, suits, proceedings, rights of action,
causes of action, Liabilities, losses, damages, remedies, penalties, judgments, settlements, costs, expenses, fines, disbursements, demands,
reasonable costs, fees and expenses of counsel, including in respect of investigation, interest, demands and actions of any nature or
any kind whatsoever, known or unknown, disclosed or undisclosed, accrued or unaccrued, matured or unmatured, choate or inchoate, legal
or equitable, and arising in tort, contract or otherwise, including any “claim” as defined in the Bankruptcy Code.

 

“Closing”
shall have the meaning specified in Section 3.1(a).

 

“Closing Date”
shall have the meaning specified in Section 3.1(a).

 

“Closing Working
Capital” means, in each case generated from and by the Business prior to Closing, (a) all accounts receivable of Sellers under
the Assumed Contracts net of any allowance for uncollectable accounts receivable less (b) any outstanding accounts payable, determined
as of 12:00 a.m. prevailing Eastern Time on the Closing Date.

 

“Closing Working
Capital Target” means an average of the Closing Working Capital for the latest available trailing 12 months.

 

“Closing Purchase
Price Adjustment” shall mean (i) unbilled revenue plus (ii) accounts receivable for billing in advance minus (iii)
billing in advance minus (iv) accrued consultants payable, in each case of (i) through (iv) under the Assumed Contracts, minus
(v) the aggregate amount under the Excess Plan, minus (vi) the aggregate amount under the Incentive Plan, in each case determined
as of 12:00 a.m. prevailing Eastern Time on the Closing Date.

 

“Code”
shall mean the Internal Revenue Code of 1986, as amended, together with the Treasury Regulations promulgated thereunder.

 

“Company”
shall have the meaning specified in the recitals.

 

“Confidentiality
Agreement” means that certain Confidentiality Agreement, dated July 21, 2021, between the Company and Ault Global Holdings,
Inc. (n/k/a BitNile Holdings, Inc.).

 

    	 	7	 

    	 

    

 

“Consent”
means any approval, consent, ratification, permission, waiver or authorization, or an Order of the Bankruptcy Court that deems or renders
unnecessary the same.

 

“Contract”
shall mean any contract, agreement, indenture, note, bond, loan, instrument, conditional sales contract, purchase order, mortgage, license,
franchise, insurance policy, letter of credit, commitment or other binding arrangement or commitment, whether or not in written form,
that is binding upon a Person or any of its property (other than any Leases).

 

“Cure Costs”
means all amounts required to be paid pursuant to section 365(b) of the Bankruptcy Code in connection with the assumption and assignment
of the Assumed Contracts and Assumed Leases, or otherwise to effectuate, pursuant to the Bankruptcy Code, the assumption and assignment
of the Assumed Contract and Assumed Leases.

 

“Debtors”
shall have the meaning specified in the recitals.

 

“Delayed Contracts”
shall have the meaning specified in Section 2.5(e).

 

“DIP Order”
shall mean the interim and final orders entered by the Bankruptcy Court approving the Motion of the Debtors for Entry of Interim and
Final Orders (I) Authorizing the Debtors to (A) Obtain Postpetition Financing and (B) Utilize Cash Collateral, (II) Granting Adequate
Protection to Prepetition Secured Party, (III) Modifying the Automatic Stay, (IV) Scheduling a Final Hearing and (V) Granting Related
Relief.

 

“Disclosure Schedules”
shall mean the disclosure schedules, delivered by Sellers and Buyer concurrently with the execution and delivery of this Agreement, as
amended from time to time in accordance with and subject to the terms hereof.

 

“Employees”
shall mean all individuals, whether or not actively at work as of the date hereof, who are employed by any Seller, including such employees
who have been furloughed or are on short-term disability, long-term disability or any other approved leave of absence as of the Closing.

 

“ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder.

 

“ERISA Affiliate”
of a Person means any Person, trade or business that is or has been a member of a controlled group of organizations required to be treated
as a single employer (within the meaning of Sections 414(b), (c), or (m) of the Code), with such Person or is required to be aggregated
with another such Person under Section 414(o) of the Code or, with respect to a single employer plan, is under “common control”
with another such Person, within the meaning of Section 4001(a)(14) or 4001(b)(1) of ERISA, or any regulations promulgated or proposed
under any of the foregoing Sections.

 

“Excluded Assets”
means all properties, assets, interests, and rights of the Sellers other than the Acquired Assets, including:

 

(hh)    all cash and cash equivalents;

 

    	 	8	 

    	 

    

 

(ii)       all
bank accounts;

 

(jj)       all security deposits
and any other deposits held by landlords, vendors, trade creditors, or any other party, except with respect to Assumed Contracts and Assumed
Leases or Related to the Acquired Assets, and, for the avoidance of doubt, all cash in the Debtors’ adequate assurance account relating
to utilities under section 366 of the Bankruptcy Code.

 

(kk)     Excluded Contracts and
Excluded Leases;

 

(ll)       all prepaid expenses
related to Excluded Contracts and Excluded Leases;

 

(mm)   capital stock and other
equity interests of each of the Sellers except for the Acquired Capital Stock and Joint Venture Interests;

 

(nn)    all Claims of Sellers
or their respective estates against any Person of every kind and description related to Excluded Assets, including the Persons set forth
on Schedule 1.1(a), and including any other current and former Representative or Insider (as defined in Section 101 of the Bankruptcy
Code) of Sellers;

 

(oo)    all
current and prior director and officer insurance policies of Sellers and all rights of any nature with respect thereto, including all
insurance recoveries thereunder and rights to assert claims with respect to any such insurance recoveries, in each case, arising out of
actions taking place prior to the Closing Date;

 

(pp)    all rights of Sellers
to the warranties, express or implied, and licenses granted by any third party related to any Excluded Assets;

 

(qq)    all Personally Identifiable
Information, including any credit card numbers or related customer payment source, or social security numbers;

 

(rr)      all Tax assets, and
any rights to Tax refunds and Claims related thereto, to the extent related to any Excluded Asset or Excluded Liability, or any period
prior to Closing, but excluding any rights to Tax refunds and Claims related thereto for any Taxes paid by Buyer pursuant to this Agreement
or otherwise;

 

(ss)     all Intellectual Property
except for the Transferred Intellectual Property;

 

(tt)     all Permits except for
the Acquired Permits;

 

(uu)    all assets not Relating
to the Business;

 

(vv)    all Benefit Plans which
are not Assumed Benefit Plans;

 

(ww)   all insurance policies
which are not Assumed Insurance Policies;

 

    	 	9	 

    	 

    

 

(xx)       all
(i) organizational documents, qualifications to conduct business as a foreign corporation, arrangements with registered agents relating
to foreign qualifications, taxpayer and other identification numbers, seals, minute books, stock transfer books, stock certificates, and
other documents relating to any Seller’s organization, maintenance, existence, and operation, in each case relating solely to the
Sellers which capital stock does not constitute an Acquired Capital Stock; (ii) books and records, correspondence or communications to
the extent related to (A) Taxes paid or payable by the Sellers, (B) any claims, obligations or liabilities not included in Assumed Liabilities,
or (C) this Agreement, any Transaction Documents or the negotiation or consummation of the Transactions (and including any attorney-client
privilege associated with any of the items described in the preceding clauses (A), (B) or (C)); and

 

(yy)    subject to the terms
of the Transition Services Agreement, all assets not transferrable pursuant to applicable Law or terms of this Agreement.

 

“Excluded Contracts”
shall mean all Contracts other than Assumed Contracts.

 

“Excluded Leases”
shall mean all Leases other than Assumed Leases.

 

“Excluded Liabilities”
shall mean all Liabilities of Sellers other than Assumed Liabilities, including:

 

(zz)     subject to the terms
of the Transition Services Agreement, all costs and expenses incurred or to be incurred by Sellers in connection with this Agreement and
the consummation of the Transactions, except those arising under the Transition Services Agreement;

 

(aaa)   all Liabilities relating
to the EYP Employee Stock Ownership Plan;

 

(bbb)  all Liabilities to
any broker, finder or agent or similar intermediary for any broker’s fee, finders’ fee or similar fee or commission relating
to the transactions contemplated by this Agreement for which any Seller is responsible;

 

(ccc)   all Liabilities exclusively
Relating to or primarily arising out of an Excluded Asset; and

 

(ddd)  all Liabilities set
forth on Schedule 1.1(e).

 

“Expense Reimbursement”
shall mean all actual, documented and necessary out of pocket costs, fees and expenses incurred by Buyer in connection with the Transactions
contemplated hereby, including in the investigation, evaluation, negotiation, and documentation of the Transactions, up to an aggregate
amount of $900,000.

 

“Financial Statements”
shall have the meaning specified in Section 4.16.

 

“FIRPTA Affidavit”
shall mean an affidavit of a Seller (or, if Seller is a disregarded entity for U.S. federal income tax purposes, its regarded owner) that
is a U.S. Person, sworn to under penalty of perjury, setting forth such Seller’s (or, if applicable, regarded owner’s) name,
address and U.S. federal tax identification number and stating that such Seller (or, if applicable, regarded owner) is not a “foreign
person” within the meaning of Section 1445 of the Code and otherwise complying with the Treasury Regulations issued pursuant
to Section 1445 of the Code.

 

    	 	10	 

    	 

    

 

“Fraud”
shall mean an actual and intentional misrepresentation of material facts with respect to (i) the making of any representation or
warranty of any Seller or Buyer set forth in Article 4, or Article 5 or in any other Transaction Document or (ii) the certifications
of Sellers or Buyer, respectively, set forth in the certificates delivered by Sellers and Buyer pursuant to Section 7.1(f)
and Section 7.2(d), respectively, in each case which satisfies all of the elements of common law fraud under applicable Law.

 

“GAAP”
shall mean generally accepted accounting principles as in effect from time to time in the United States.

 

“Governmental Entity”
shall mean any federal, state, provincial, local, municipal, foreign, multinational, international or other (a) government, (b) governmental
or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court
or other tribunal), or (c) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police,
regulatory, or taxing authority or power of any nature, including any arbitration tribunal or stock exchange.

 

“Governmental Authorization”
means any permit, license, certificate, approval, consent, permission, clearance, designation, novation, qualification or authorization
issued, granted, given or otherwise made available by or under the authority of any Governmental Entity or pursuant to any Law.

 

“HIPAA”
shall have the meaning specified in Section 4.18(i).

 

“Incentive Plan”
means that certain EYP Group Holdings, Inc. Key Employee Retention and Incentive Plan dated May 7, 2021, as supplemented and amended
from time to time.

 

“Intellectual Property”
means all intellectual property and proprietary rights of any kind in any and all jurisdictions throughout the world (whether arising
under statutory or common law), including: (a) inventions, discoveries, patents and patent applications, design rights, industrial design
registrations and applications therefor, divisions, divisionals, continuations, continuations-in-part, reissues, substitutes, renewals,
registrations, confirmations, reexaminations, extensions and any provisional applications, and any foreign or international equivalent
of any of the foregoing, (b) trademarks (whether registered, unregistered or applied-for), service marks, trade names, slogans, designs,
symbols, rights in design, any fictitious names, d/b/a’s or similar filings related thereto, trade dress, domain names, social media
accounts, social media identifiers (such as a Twitter® handle), corporate legal entity names, brand names, logos, together with the
goodwill associated exclusively therewith, and any registrations or applications related to the foregoing, (c) copyrights, including copyrights
in computer software and in databases, moral rights and renewals in connection therewith, (d) rights of publicity (i.e., the right to
commercially use the name, likeness, image, voice, or identity of individuals), (e) trade secrets, and rights in know-how or confidential
and proprietary information, including rights in formulae, methods, techniques, processes, assembly procedures, computer software code,
specifications, drawings, prototypes, molds and models, plans, proposals, technical data, financial, marketing and business data, pricing
and cost information, business and marketing plans; and (f) all rights to sue for past, present and future infringement, misappropriation,
dilution or other violation of any of the foregoing and all remedies at law or equity associate therewith.

 

    	 	11	 

    	 

    

 

“Interim Financial
Statements” shall have the meaning specified in Section 4.16.

 

“Interim Period”
shall have the meaning specified in Section 6.1.

 

“Joint Venture Interests”
shall mean, collectively, any interest of any Seller in EYP-Loring, LLC and EYP Squared Joint Venture, LLC, including all rights of any
Seller pursuant to any joint venture agreements, operating agreements, or other governance documents for such entities.

 

“Knowledge”
shall mean, with respect to any Seller, the actual knowledge of Kefalari L. Mason, after reasonable inquiry, including the facts of which
such individual would be aware in the reasonably prudent exercise of his or her duties, and with respect to the Buyer, the actual knowledge
of Christopher Wu after reasonable inquiry, including the facts of which such individual would be aware in the reasonably prudent exercise
of his or her duties.

 

“Law” shall
mean any federal, state, provincial, local, foreign, international or multinational constitution, statute, law, ordinance, regulation,
rule, code, Order, principle of common law, or decree enacted, promulgated, issued, enforced or entered by any Governmental Entity, or
court of competent jurisdiction, or other requirement or rule of law.

 

“Leases”
shall mean all unexpired leases, subleases, licenses, concessions, options, contracts, extension letters, easements, reciprocal easements,
assignments, termination agreements, subordination agreements, nondisturbance agreements, estoppel certificates and other agreements (written
or oral), and any amendments or supplements to the foregoing, and recorded memoranda of any of the foregoing, pursuant to which any Seller
holds any leasehold or subleasehold estates and other rights in respect of any Leased Real Property.

 

“Leased Real Property”
shall mean all Real Property leased, subleased, used, or occupied by a Seller Relating to the Business.

 

“Liabilities”
shall mean, as to any Person, all debts, adverse Claims, liabilities, commitments, responsibilities, and obligations of any kind or nature
whatsoever, direct or indirect, absolute or contingent, whether accrued or unaccrued, vested or otherwise, liquidated or unliquidated,
whether known or unknown, and whether or not actually reflected, or required to be reflected, in such Person’s balance sheet or
other books and records.

 

“License Agreements”
shall mean all active license agreements to which any Seller is a party where such agreement is material to the Business, with the exception
of any off-the-shelf or clickwrap software, which license agreements are set forth on Schedule 1.1(i).

 

“Licensed Software”
shall have the meaning specified in Section 4.14(e).

 

“Lien”
shall have the meaning specified in section 101(37) of the Bankruptcy Code and shall include any pledge, option, charge, lien, license,
debentures, trust deeds, hypothecation, easement, security interest, right-of-way, encroachment, mortgage, deed of trust, defect of title,
restriction on transferability, restriction on use or other encumbrance, in each case whether imposed by agreement, law, equity or otherwise.

 

“Material Contracts
and Leases” shall have the meaning specified in Section 4.12.

 

    	 	12	 

    	 

    

 

“Neutral Accountant”
shall mean a national independent accounting firm selected by Buyer and reasonably acceptable to Sellers.

 

“Notices”
shall have the meaning specified in Section 9.4.

 

“Order”
shall mean any judgment, order, injunction, writ, ruling, decree, stipulation, determination, decision, verdict, or award of any Governmental
Entity.

 

“Ordinary Course
of Business” shall mean an action taken consistent with past practices of such Person immediately prior to the Petition Date,
but subject, however, to changes arising or resulting from (x) the filing or pendency of the Chapter 11 Cases and (y) the COVID-19 pandemic.

 

“Outside Date”
shall mean June 30, 2022, at 11:59 p.m. prevailing Eastern Time.

 

“Party”
or “Parties” shall have the meaning specified in the preamble.

 

“Permits”
shall mean permits, licenses, registrations, certificates, certificates of occupancy, accounts, approvals, consents, clearances and other
similar documents and authorizations issued by any Governmental Entity.

 

“Permitted Liens”
shall mean: (a) Liens for Taxes not yet due and payable or which are being contested in good faith by appropriate proceedings; (b) statutory
liens of landlords, carriers, warehousemen, mechanics, and materialmen incurred in the Ordinary Course of Business for sums not yet due;
(c) liens incurred or deposits made in the Ordinary Course of Business in connection with workers’ compensation, unemployment insurance
and other types of social security; (d) applicable zoning, subdivision, building and other land use Laws and other land use restrictions
that do not impair the present use of the subject Real Property; (e) Liens or encumbrances that arise solely by reason of acts of Buyer
or its successors and assigns or otherwise consented to by Buyer in accordance with the terms of this Agreement; (f) easements, covenants,
conditions, restrictions and other similar encumbrances on Real Property that arise in the Ordinary Course of Business; (g) non-exclusive
licenses granted in the Ordinary Course of Business; (h) Liens that constitute Assumed Liabilities (including Liens existing under the
Assigned Contracts); and (i) any Lien that will be removed or released by operation of the Sale Order or any other Order of the Bankruptcy
Court.

 

“Person”
shall mean an individual, a partnership, a joint venture, a corporation, a business trust, a limited liability company, a trust, an unincorporated
organization, a joint stock company, a labor union, an estate, a Governmental Entity or any other entity.

 

“Personally Identifiable
Information” shall mean all personally identifiable information held by, or under the control of Sellers, or used by Sellers
Relating to the Business.

 

“Petition Date”
shall have the meaning specified in the recitals.

 

“Post-Closing Covenant”
shall have the meaning specified in Section 9.12.

 

“PPACA”
shall have the meaning specified in Section 4.18(i).

 

    	 	13	 

    	 

    

 

“Previously Omitted
Contract” shall have the meaning specified in Section 2.5(b).

 

“Proceeding”
shall mean any action, arbitration, audit, known investigation (including a notice of preliminary investigation or formal investigation),
notice of violation, hearing, litigation or suit (whether civil, criminal or administrative), other than the Chapter 11 Cases, commenced,
brought, conducted or heard by or before any Governmental Entity, including any and all such actions related to restitution or remission
in criminal proceedings and civil forfeiture and confiscation proceedings under the Law of any jurisdiction.

 

“Property Taxes”
shall mean all Real Property Taxes, personal property Taxes and similar ad valorem Taxes.

 

“Purchase Price”
shall have the meaning specified in Section 3.2(a).

 

“Real Property”
shall mean any real estate, land, building, structure, improvement, fixtures or other real property of any kind or nature whatsoever owned,
leased or occupied by any Person, and all appurtenant and ancillary rights thereto, including easements, covenants, water rights, sewer
rights and utility rights.

 

“Registered IP”
shall have the meaning specified in Section 4.14(a).

 

“Relating to the
Business” shall mean used primarily or exclusively in the operation or conduct of the Business as conducted as of immediately
prior to the Petition Date.

 

“Representative”
shall mean, with respect to any Person, such Person’s officers, directors, managers, employees, agents, representatives and financing
sources (including any investment banker, financial advisor, accountant, legal counsel, consultant, other advisor, agent, representative
or expert retained by or acting on behalf of such Person or its Subsidiaries).

 

“Sale Hearing”
shall have the meaning set forth in the Bidding Procedures.

 

“Sale Motion”
shall mean the motion of Sellers, in form and substance satisfactory to Buyer in its sole discretion, seeking entry of the Sale Order.

 

“Sale Order”
shall mean an Order of the Bankruptcy Court satisfactory to Buyer in its sole discretion pursuant to, inter alia, Sections 105, 363 and
365 of the Bankruptcy Code authorizing and approving, inter alia, the sale of the Acquired Assets to Buyer on the terms and conditions
set forth herein, which shall, among other things: (a) approve the assumption and assignment to Buyer of the Assumed Contracts and Assumed
Leases; (b) approve the consummation of the Transactions contemplated by the Agreement; (c) find that the sale by Sellers to Buyer of
the Acquired Assets is free and clear of all Claims (including any and all intercompany claims between and/or among Sellers) and Liens
(except Permitted Liens) to the fullest extent permitted by section 363(f) of the Bankruptcy Code; and (d) find that Buyer is a “good
faith” buyer within the meaning of section 363(m) of the Bankruptcy Code and grant Buyer the protections of section 363(m) of the
Bankruptcy Code.

 

“Secured Debt”
shall have the meaning specified in Section 3.2.

 

    	 	14	 

    	 

    

 

“Seller”
or “Sellers” shall have the meaning specified in the preamble.

 

“Seller Material
Adverse Effect” shall mean any change, effect, event, occurrence, circumstance, state of facts or development that, individually
or in the aggregate (taking into account all other such changes, effects, events, occurrences, circumstances, states of facts or developments),
(a) has had, or would reasonably be expected to have, a material adverse effect on the ability of Sellers to consummate the Transactions,
(b) has had, or would reasonably be expected to have, a material adverse effect on the Acquired Assets, taken as a whole or (c) is materially
adverse to Buyer’s ability to operate or conduct the Business in the manner which it is currently operated or conducted by Sellers;
provided, however, the terms “material adverse effect” and “materially adverse” shall not include
any change, effect, event, occurrence, circumstance, state of facts or development that, directly or indirectly, alone or taken together,
arising out of or attributable to: (i) any change generally affecting the international, national or regional markets applicable
to the Acquired Assets; (ii) any changes in, or effects arising from or relating to, national or international political or social
conditions, including the engagement by the United States or any other country in hostilities or the escalation thereof, whether or not
pursuant to the declaration of a national emergency or war, or the occurrence or the escalation of any military, cyber or terrorist attack
upon the United States or any other country, or any of its territories, possessions, or diplomatic or consular offices or upon any military
installation, asset, equipment or personnel of the United States; (iii) acts of nature, including outbreaks of illness or health emergencies
(including the COVID-19 pandemic, and business, travel, shelter-in-place laws, and other restrictions related thereto), hurricanes, storms,
floods, earthquakes and other natural disasters or force majeure events; (iv) any action required to be taken by this Agreement;
(v) the filing or pendency of the Chapter 11 Cases, any order of the Bankruptcy Court or any actions or omissions of Sellers taken
or not taken in order avoid a violation of such order (except as set forth in this Agreement); (vi)  any objections in the Bankruptcy
Court to this Agreement and the Transactions; (vii) any filing or motion made under sections 1113 or 1114 of the Bankruptcy Code; (viii)
the disposition of any Excluded Assets; (vi) the breach of this Agreement by Buyer; (ix) the failure of Sellers to obtain any consent
(including to assign any Contract or Permit), Permit, authorization, waiver or approval required in connection with the Transactions (except
as set forth in this Agreement); (x) any items set forth in the Disclosure Schedule; (xi) the execution and delivery of this Agreement
or the announcement thereof or consummation of the Transactions or the identity, nature or ownership of Buyer, including the impact thereof
on the relationships, contractual or otherwise, of the Acquired Assets with employees, customers, lessors, suppliers, vendors or other
commercial partners (except as set forth in this Agreement); and (xii) any action taken by any Seller at the express written request
of Buyer.

 

“Sellers’ Representative”
shall have the meaning specified in Section 9.17.

 

“Senior Secured Loan”
shall mean the obligations of Sellers and their Affiliates pursuant to that certain Credit Agreement, dated as of June 28, 2016 by and
among EYP, Inc., certain guarantors, KeyBank National Association, as administrative agent, and certain lenders, which Credit Agreement
was assigned to Buyer.

 

“Subsidiary”
shall mean, with respect to any Person (a) a corporation, a majority of whose capital stock with voting power, under ordinary circumstances,
to elect directors is at the time, directly or indirectly, owned by such Person, by a subsidiary of such Person, or by such Person and
one or more subsidiaries of such Person, (b) a partnership in which such Person or a subsidiary of such Person is, at the date of
determination, a general partner of such partnership, or (c) any other Person (other than a corporation) in which such Person, a
subsidiary of such Person or such Person and one or more subsidiaries of such Person, directly or indirectly, at the date of determination
thereof, has (i) at least a majority ownership interest thereof or (ii) the power to elect or direct the election of a majority
of the directors or other governing body of such Person.

 

    	 	15	 

    	 

    

 

“Successful Bidder”
shall mean, if an Auction is conducted, the prevailing party with respect to the Acquired Assets at the conclusion of such Auction.

 

“Tax” or
“Taxes” shall mean any and all taxes, assessments, levies, duties or other governmental charge imposed by any Governmental
Entity, including any income, alternative or add-on minimum, accumulated earnings, franchise, capital stock, unclaimed property or escheatment,
environmental, profits, windfall profits, gross receipts, sales, use, highway use, fuel, vehicle registration, value added, transfer,
registration, stamp, premium, excise, customs duties, severance, Real Property, personal property, ad valorem, occupancy, license, occupation,
employment, payroll, social security, disability, unemployment, withholding, corporation, inheritance, value added, stamp duty reserve,
estimated or other tax, assessment, levy, duty (including duties of customs and excise) or other governmental charge of any kind whatsoever,
including any payments in lieu of taxes or other similar payments, chargeable by any Tax Authority together with all penalties, interest
and additions thereto, whether disputed or not.

 

“Tax Authority”
shall mean any taxing or other authority (whether within or outside the U.S.) competent to impose Tax.

 

“Tax Return”
shall mean any and all returns, declarations, reports, documents, Claims for refund, or information returns, statements or filings which
are supplied or required to be supplied to any Tax Authority or any other Person, including any schedule or attachment thereto, and including
any amendments thereof.

 

“Transaction Documents”
shall mean this Agreement and any agreement, instrument or other document entered into pursuant to or in furtherance of the terms hereof.

 

“Transactions”
shall mean the transactions contemplated by this Agreement, including the purchase and sale of the Acquired Assets as provided for in
this Agreement.

 

“Transfer Tax”
or “Transfer Taxes” shall mean any sales, use, transfer, conveyance, documentary transfer, stamp, recording or other
similar Tax imposed upon the sale, transfer or assignment of property or any interest therein or the recording thereof, and any penalty,
addition to Tax or interest with respect thereto, but such term shall not include any Tax on, based upon or measured by, the net income,
gains or profits from such sale, transfer or assignment of the property or any interest therein.

 

“Transferred Intellectual
Property” shall have the meaning specified within the definition of “Acquired Assets.”

 

“Transferred Employee”
shall have the meaning specified in Section 6.12(a).

 

    	 	16	 

    	 

    

 

“Transition Services
Agreement” shall have the meaning specified in Section 3.1(b)(iii).

 

“Updating Information”
shall have the meaning specified in Section 9.16.

 

“U.S. Person”
shall mean any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“WARN Act”
means the federal Worker Adjustment and Retraining Notification Act of 1988, and similar state, local and foreign laws related to plant
closings, relocations, mass layoffs and employment losses.

 

1.2       Interpretation.

 

(a)       Whenever
the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to
be followed by the words “without limitation.”

 

(b)       Words
denoting any gender shall include all genders. Where a word or phrase is defined herein, each of its other grammatical forms shall have
a corresponding meaning.

 

(c)       A
reference to any Party to this Agreement or any other agreement or document shall include such Party’s successors and permitted
assigns.

 

(d)       A
reference to any legislation or to any provision of any legislation shall include any modification or re-enactment thereof, any legislative
provision substituted therefor and all regulations and statutory instruments issued thereunder or pursuant thereto.

 

(e)       All
references to “$” and dollars shall be deemed to refer to United States currency.

 

(f)       All
references to any financial or accounting terms shall be defined in accordance with GAAP.

 

(g)       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, and Section, Disclosure Schedule and exhibit
references are to this Agreement unless otherwise specified. All article, section, paragraph, schedule and exhibit references used in
this Agreement are to articles, sections and paragraphs of, and schedules and exhibits to, this Agreement unless otherwise specified.

 

(h)       The
meanings given to terms defined herein shall be equally applicable to both singular and plural forms of such terms.

 

(i)       Subject
to Section 9.13, when calculating the period of time before which, within which or following which any act is to be done or step taken
pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded. If the last day of such
period is not a Business Day, the period in question shall end on the next succeeding Business Day. All references herein to time are
references to New York City time, unless otherwise specified herein.

 

    	 	17	 

    	 

    

 

(j)       If
a word or phrase is defined, its other grammatical forms have a corresponding meaning.

 

(k)       A
reference to any agreement or document (including a reference to this Agreement) is to the agreement or document as amended or supplemented,
except to the extent prohibited by this Agreement or that other agreement or document.

 

(l)       Exhibits
and Schedules to this Agreement are hereby incorporated and made a part hereof and are an integral part of this Agreement. Any capitalized
terms used in any Schedule or Exhibit but not otherwise defined therein shall be defined as set forth in this Agreement.

 

ARTICLE 2

ACQUIRED ASSETS AND ASSUMPTION OF LIABILITIES

 

2.1       Assets
to be Acquired. Subject to entry of the Sale Order, and the terms and conditions of this Agreement, any other Transaction Documents,
and the Sale Order, at the Closing, Sellers shall sell, assign, transfer, convey, grant and deliver to Buyer, and Buyer, as a good faith
purchaser for value within the meaning of section 363(m) of the Bankruptcy Code, shall purchase and acquire from Sellers all of Sellers’
right, title and interest, free and clear of all Liens (except for the Permitted Liens), in and to each and all of the Acquired Assets.
Notwithstanding anything to the contrary, Buyer shall only acquire the Acquired Assets and neither Buyer nor any Affiliate of Buyer shall
acquire, and there shall be excluded from the definition of Acquired Assets, any and all Excluded Assets.

 

2.2       Liabilities
to be Assumed by Buyer. Subject to the terms and conditions of this Agreement, any other Transaction Documents, and the Sale Order,
at the Closing, Sellers shall assign to Buyer, and Buyer shall assume from Sellers and pay when due, perform and discharge, in due course,
each of the Assumed Liabilities.

 

2.3       Excluded
Liabilities. Buyer shall not, and does not, assume, and shall not be obligated to pay, perform, discharge, or in any other manner
be liable or responsible for any Liabilities (except the Assumed Liabilities), including the Excluded Liabilities.

 

2.4       Wrong
Pockets. Subject to the terms and conditions of this Agreement and any other Transaction Documents, if after the Closing (i) Buyer
or any of its Affiliates holds any Excluded Assets or Excluded Liabilities, or (ii) any Seller holds any Acquired Assets or Assumed Liabilities,
Buyer or the applicable Seller will promptly transfer (or cause to be transferred) such assets or assume (or cause to be assumed) such
Liabilities to or from (as the case may be) the other Party. Prior to any such transfer, the Party receiving or possessing any such asset
will hold it in trust for such other Party.

 

2.5       Assumption
and Assignment of Contracts and Leases.

 

(a)       Each
Seller shall assume and, to the extent assignable, assign to Buyer all of the executory Contracts and Leases of such Seller (such Contracts,
the “Assumed Contracts”, and such Leases, the “Assumed Leases”), effective on and as of the Closing,
subject to Section 2.5(e); provided, however, Buyer may provide a written notice to Sellers, which notice shall be provided
no later than three (3) Business Days prior to the Auction, of its decision (i) to designate one or more executory Contracts as Excluded
Contracts and (ii) may add and/or remove Material Contracts and Leases from Schedule 4.12.

 

    	 	18	 

    	 

    

 

(b)       If
prior to Closing, it is discovered that a Contract or Lease should have been listed on Schedule 4.12 but was not listed on Schedule
4.12 (such Contract or Lease, a “Previously Omitted Contract”), Seller shall, promptly following the discovery
thereof or receipt of notice from Buyer of its desire to designate any such Previously Omitted Contract as a Material Contract (but in
no event later than three (3) Business Days following the discovery thereof or receipt of such notice), notify Buyer in writing of such
Previously Omitted Contract.

 

(c)       Sellers
shall take all actions required to assume and assign the Assumed Contracts and Assumed Leases to Buyer (other than payment of Cure Costs,
if so required), including providing timely and proper written notice of the Sale Motion to all counterparties to Assumed Contracts and
Assumed Leases, taking all actions required to facilitate any negotiations with the counterparties to such Assumed Contracts and Assumed
Leases and to obtain an Order from the Bankruptcy Court containing a finding that the proposed assumption and assignment of the Assumed
Contracts and Assumed Leases to Buyer satisfies all applicable requirements of section 365 of the Bankruptcy Code.

 

(d)       Subject
to Section 2.5(e), at the Closing, Sellers shall, pursuant to the Sale Order and the Bill of Sale and Assignment and Assumption
Agreement, sell, and assume and assign to Buyer (the consideration for which is included in the Purchase Price), all Assumed Contracts
and Assumed Leases that may be assigned by any such Seller to Buyer pursuant to Sections 363 and 365 of the Bankruptcy Code, as applicable,
subject to provision by Buyer of adequate assurance as may be required under section 365 of the Bankruptcy Code and payment by Buyer of
the Cure Costs in accordance with Section 6.8 in respect of Assumed Contracts and Assumed Leases pursuant to and in accordance
with section 365 of the Bankruptcy Code, as applicable, and the Sale Order. At the Closing, subject to Section 2.5(e), Buyer shall
assume, and thereafter in due course and in accordance with its respective terms (as may be amended) pay, fully satisfy, discharge and
perform all of the obligations under each Assumed Contract and Assumed Lease that are Assumed Liabilities, pursuant to section 365 of
the Bankruptcy Code, as applicable.

 

    	 	19	 

    	 

    

 

(e)       Notwithstanding
the foregoing, an Assumed Contract or Assumed Lease shall not be transferred to, assigned to, or assumed by, Buyer at Closing to the extent
that such Contract or Lease (i) is terminated by a Seller (subject to Section 6.1(a)) or the counterparty thereto, or terminates
or expires by and in accordance with its terms, on or prior to the Closing Date and is not continued or otherwise extended upon assumption,
(ii) requires a Consent or Governmental Authorization (other than, and in addition to, that of the Bankruptcy Court) in order to permit
the sale or transfer to Buyer of the applicable Seller’s rights under such Contract, and such Consent or Governmental Authorization
has not been obtained prior to the Closing Date (such Assumed Contracts, the “Delayed Contracts”), or (iii) relates
to, arises under, or was entered into in connection with the performance of any Delayed Contract, which shall not be transferred to, assigned
to, or assumed by Buyer unless and until Consent or Governmental Authorization for the applicable Delayed Contract is obtained. In the
event that any Delayed Contract is not assigned at Closing pursuant to Section 2.5(c) because the requisite Consent or Governmental
Authorization for such Delayed Contract has not yet been obtained, the conditions contained in Article 7 shall be deemed waived
with respect to such Delayed Contract, and the Closing shall nonetheless take place without any adjustment to the Purchase Price on account
thereof, and thereafter through the earlier of such time as such Consent or Governmental Authorization is obtained and such period as
specified in the Transition Services Agreement following the Closing (or the remaining term of such Delayed Contract, if shorter), Sellers
and Buyer shall (A) use commercially reasonable efforts to secure such Consent or Governmental Authorization as promptly as practicable
after the Closing and (B) cooperate in good faith in any lawful and commercially reasonable arrangement, in each case pursuant to
the terms of the Transition Services Agreement with respect to any such Delayed Contract. Subject to the terms of the Transition Services
Agreement, with respect to any Delayed Contract, (1) Buyer shall obtain (without infringing upon the legal rights of such third party
or violating any Law) the economic rights and benefits under such Delayed Contract and (2) Buyer shall assume any related burden
and obligation (including performance) with respect to such Delayed Contract. Upon satisfying any requisite Consent or Governmental Authorization
requirement applicable to such Delayed Contract after the Closing, such Delayed Contract shall promptly be transferred and assigned to
Buyer in accordance with the terms of this Agreement, the Transition Services Agreement and the Sale Order. In connection with and without
limiting the foregoing, and subject to the terms of the Transition Services Agreement, for so long as a Delayed Contract is not transferred
to Buyer, each party will use commercially reasonable efforts and cooperate in good faith with the other party to enable Sellers to perform
the services thereunder, in all cases, without infringing upon the legal rights of any third party or violating any Law and subject to
the other terms of this Section 2.5(e), such that Sellers may provide delivery with respect to customer commitments thereunder
and Buyer shall obtain the economic rights and benefits under such Delayed Contract.

 

ARTICLE 3

CLOSING; PURCHASE PRICE

 

3.1       Closing;
Transfer of Possession; Certain Deliveries.

 

(a)       Subject
to the terms and conditions of this Agreement, the consummation of the Transactions (the “Closing”) shall take place
on or before the second Business Day after the satisfaction or waiver of all of the conditions set forth in Article 7 (other than
those conditions that by their nature are to be satisfied by actions taken at the Closing, but subject to the satisfaction or the waiver
thereof at the Closing by the Party entitled to waive that condition) or on such other date as the Parties hereto shall mutually agree.
The Closing shall be held by electronic exchange of executed documents (or, if the parties elect to hold a physical Closing, at the offices
of DLA Piper LLP (US), at 10:00 a.m. prevailing Eastern Time, unless the Parties hereto otherwise agree). The actual date of the Closing,
effective 12:00 a.m. prevailing Eastern Time on such date, is herein called the “Closing Date”.

 

(b)       At
the Closing, Sellers shall deliver to Buyer:

 

(i)       for
each Seller, an officer’s certificate, dated as of the Closing Date, executed by a duly authorized officer of such Seller certifying
that the conditions set forth in Section 7.1(a) and Section 7.1(b) have been satisfied;

 

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(ii)      the
duly executed Bill of Sale and Assignment and Assumption Agreement and Assignment of Intellectual Property in substantially the forms
attached hereto as Exhibit B and Exhibit C, respectively;

 

(iii)     the
duly executed Transition Services Agreement, which, subject to any requirements of any Governmental Entity, shall be in substantially
the form attached hereto as Exhibit D, (the “Transition Services Agreement”);

 

(iv)     a
W-9 form for each Seller;

 

(v)     all
consents, orders, and approvals of the Bankruptcy Court related to the Transactions, including a certified copy of the Sale Order;

 

(vi)     copies
of the resolutions of the governing bodies of the Sellers authorizing the sale of the Acquired Assets, the execution and delivery of this
Agreement and the other Transaction Documents, and the consummation of the Transactions;

 

(vii)    originals
(or to the extent originals are not available, copies) of all Assumed Contracts and Assumed Leases (together with all amendments, supplements,
or modifications thereto) to the extent not already made available to Buyer in the virtual data room;

 

(viii)   possession
of the Acquired Assets, including all keys, locks, passcodes, safe combinations, login credentials, passwords and other similar items,
data, and information as Buyer may reasonably require to obtain occupation and control of the Acquired Assets, in each case subject to
any applicable restrictions on access to classified information;

 

(ix)     for
each Seller, (or if any Seller is a disregarded entity for U.S. federal income tax purposes, its regarded owner) that is a U.S. Person,
a duly executed FIRPTA Affidavit from each such Seller (or, if such Seller is a disregarded entity for U.S. federal income tax purposes,
its regarded owner);

 

(x)       all
waivers, consents, and approvals required for the assignment and assumption of the Assumed Contracts and Assumed Leases from Sellers to
Buyer, except as otherwise provided in Section 2.5(e); and

 

(xi)     such
other assignments and other instruments of transfer or conveyance as Buyer may reasonably request or as may otherwise be necessary to
evidence and effect sale, assignment, transfer, conveyance and delivery of the Acquired Assets to Buyer free and clear of all Liens and
assumption of Assumed Liabilities by Buyer in accordance with the terms hereof.

 

(c)       At
the Closing, Buyer shall:

 

(i)       in
consideration of the Acquired Assets, setoff and otherwise apply the amounts due under the DIP Order and the Senior Secured Loan against
the Purchase Price;

 

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(ii)      deliver
to Sellers payment by wire transfer of immediately available funds to an account set forth by Sellers of an aggregate amount equal to
the cash portion of the Purchase Price;

 

(iii)     deliver
to Sellers an officer’s certificate, dated as of the Closing Date, executed by a duly authorized officer of Buyer certifying that
the conditions set forth in Section 7.2(a) and Section 7.2(b) have been satisfied;

 

(iv)     deliver
to Sellers the duly executed Bill of Sale and Assignment and Assumption Agreement and Assignment of Intellectual Property in substantially
the forms attached hereto as Exhibit B and Exhibit C, respectively;

 

(v)     deliver
to Sellers the duly executed Transition Services Agreement, which, subject to any requirements of any Governmental Entity, shall be in
substantially the form attached hereto as Exhibit D; and

 

(vi)    deliver
to Sellers such other assignments and other instruments of transfer or conveyance as Sellers may reasonably request or as may otherwise
be necessary to evidence and effect the sale, assignment, transfer, conveyance and delivery of the Acquired Assets to Buyer and assumption
of Assumed Liabilities by Buyer.

 

3.2       Consideration.

 

(a)       Purchase
Price. The aggregate consideration for the Acquired Assets shall be (A) an aggregate dollar amount equal to $62,500,000, as adjusted
by an amount, if any, equal to the Closing Working Capital minus the Closing Working Capital Target (the “Purchase Price”),
plus (B) Buyer’s assumption of the Assumed Liabilities not accounted for in the Closing Working Capital or Closing Purchase Price
Adjustment calculations. Buyer shall pay the Purchase Price by (i) applying against the Purchase Price an amount equal to all outstanding
obligations owed by Sellers, or any of them, to Buyer under the DIP Order and the Senior Secured Loan (the “Secured Debt”),
which amount is contemplated to be approximately $11,750,000 upon entry of the DIP Order, and (ii) paying cash in an amount equal to the
difference between the Purchase Price minus the Secured Debt minus the Closing Purchase Price Adjustment. Solely for purposes
of the calculations contemplated by this Section 3.2(a), the amounts of Assumed Liabilities identified on Schedule 1.1(o) shall be as
set forth on Schedule 1.1(o).

 

3.3       Allocation
of Purchase Price. (i) The sum of the Purchase Price and the amount of the Assumed Liabilities (to the extent properly taken into
account under the Code) shall be allocated among Sellers and (ii) the amount allocated to the Acquired Assets sold by each such Seller
shall be further allocated among such Acquired Assets in accordance with Section 1060 of the Code and the Treasury Regulations promulgated
thereunder (the “Allocation”). The Allocation shall be delivered by Buyer to Sellers within sixty (60) days after the
Closing. Sellers’ Representative, on behalf of Sellers, will have the right to raise reasonable objections to the Allocation within
thirty (30) days after Buyer’s delivery thereof, in which event Buyer and Sellers’ Representative will negotiate in good faith
to resolve such dispute. If Buyer and Sellers’ Representative cannot resolve such dispute within fifteen (15) days after Sellers’
Representative notifies Buyer of such objections, such dispute with respect to the Allocation shall be resolved promptly by the Neutral
Accountant. The fees, costs and expenses of the Neutral Accountant (i) shall be borne by Buyer in the proportion that the aggregate dollar
amount of all such disputed items so submitted that are unsuccessfully disputed by Buyer (as finally determined by the Neutral Accountant)
bears to the aggregate dollar amount of such items so submitted and (ii) shall be borne by Sellers in the proportion that the aggregate
dollar amount of such disputed items so submitted that are successfully disputed by Buyer (as finally determined by the Neutral Accountant)
bears to the aggregate dollar amount of all such items so submitted. The decision of the Neutral Accountant in respect of the Allocation
shall be final and binding upon Buyer and Sellers. Buyer and Sellers shall file all Tax Returns (including Internal Revenue Service Form
8594) consistent with the Allocation absent a change in Law; provided, however, that nothing contained herein shall prevent Buyer or any
Seller from settling any proposed deficiency or adjustment by any Tax Authority based upon or arising out of the Allocation, and neither
Buyer nor any Seller shall be required to litigate before any court any proposed deficiency or adjustment by any Tax Authority challenging
such Allocation. Buyer and any applicable Seller shall promptly notify and provide the other with reasonable assistance in the event of
an examination, audit, or other proceeding relating to Taxes regarding the Allocation of the Purchase Price and the amount of the Assumed
Liabilities pursuant to this Section 3.3. Notwithstanding any other provisions of this Agreement, the foregoing agreement shall
survive the Closing Date without limitation.

 

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ARTICLE 4

REPRESENTATIONS AND WARRANTIES OF SELLERS

 

Except as set forth in the
Disclosure Schedules, Sellers jointly and severally hereby represent and warrant to Buyer, as of the Agreement Date and as of the Closing
as follows:

 

4.1       Organization.
Except as set forth in Schedule 4.1 to the Disclosure Schedules, each Seller is duly organized, validly existing and in good standing
under the Laws of the jurisdiction of its organization and has, subject to the necessary authority from the Bankruptcy Court, all requisite
corporate power and authority to own, lease and hold its assets, rights and properties and to conduct its Business as now owned, leased,
held and conducted in its jurisdiction of organization and in the other jurisdictions in which it is required to register or qualify to
do business.

 

4.2       Authorization
of Transaction. Subject to the Bankruptcy Court’s entry of the Sale Order, each Seller has full power and authority (including
full corporate power and authority) to execute and deliver this Agreement and all other agreements contemplated hereby to which it is
a party and to perform its obligations hereunder and thereunder. The execution, delivery, and performance of this Agreement and all other
agreements contemplated hereby to which each Seller is a party have been duly authorized by such Seller. Upon due execution hereof by
each Seller, this Agreement (assuming due authorization and delivery by Buyer) shall constitute, subject to the Bankruptcy Court’s
entry of the Sale Order, the valid and legally binding obligation of such Seller, enforceable against such Seller in accordance with its
terms and conditions, subject to applicable bankruptcy, insolvency, moratorium, or other similar laws relating to creditors’ rights
and general principles of equity.

 

4.3       Governmental
Consents. Except as set forth in Schedule 4.3 to the Disclosure Schedules, other than as required by, or pursuant to, the Bankruptcy
Code, the Bidding Procedures Order or the Sale Order, no Seller is required to give any notice to, make any filing with, or obtain any
authorization, consent or approval of any Governmental Entity in order for the Parties to consummate the transactions contemplated by
this Agreement or any Transaction Document, except where the failure to give notice, file or obtain such authorization, consent or approval
would not, individually or in the aggregate, reasonably be expected to have a Seller Material Adverse Effect or prevent or materially
impair or delay any Seller’s ability to consummate the Transactions or perform its obligations hereunder on a timely basis.

 

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4.4       No
Conflicts. Subject to the Sale Order having been entered by the Bankruptcy Court, the execution, delivery and performance by each
Seller of any Transaction Document to which such Seller is (or will become at Closing) a party, and the consummation of the Transactions,
does not and will not (a) conflict with or result in any breach of any provision of its certificate of incorporation or bylaws or comparable
governing documents, (b) except as set forth in Schedule 4.4(b) to the Disclosure Schedules, require the consent, notice or other
action by any Person under, conflict with, or result in the breach of the terms, conditions or provisions of or constitute a default (or
an event which with notice or lapse of time or both would become a default) under, or give rise to any right of termination, acceleration
or cancellation of any right or obligation or to a loss of any benefit, under any provision of any Material Contracts and Leases, (c)
result in a violation of any Law or Order applicable to it or (d) result in the creation or imposition of any Lien on any Acquired Assets
other than Permitted Liens, except, in the case of clauses (b) and/or (c), as would not, individually or in the aggregate, be, or reasonably
be expected to have a Seller Material Adverse Effect.

 

4.5       Acquired
Assets. Upon the terms and subject to the conditions contained in this Agreement and subject to requisite Bankruptcy Court approvals
and the terms of the Sale Order, at the Closing, subject to any Permitted Liens, Sellers will have good and valid title to, or the right
to use, the tangible Acquired Assets, except to the extent the failure to have such title or right to use would not reasonably be expected
to have a Seller Material Adverse Effect. Pursuant, and subject, to the Sale Order, Sellers shall convey such title to or rights to use,
all of the tangible Acquired Assets, free and clear of all Liens (other than Permitted Liens). The Acquired Assets include substantially
all of the furniture, fixtures, properties, assets, rights and equipment used by Sellers in, and which are reasonably necessary and sufficient
in all respects, for the conduct and operation of the Business as conducted and operated by the Sellers as of the Agreement Date. To Sellers’
Knowledge, as of the Agreement Date and as of the Closing Date, no Subsidiary identified on Schedule 1.1(p) has any Liabilities
required to be reflected on a balance sheet prepared in accordance with GAAP, except (a) those that are reflected or reserved against
in the balance sheet of EYP as of April 1, 2022, and (b) those that have been incurred in the Ordinary Course of Business but not reflected
on the balance sheet of EYP as of April 1, 2022, and that are not, individually or in the aggregate, in excess of $100,000, which amount
excludes any guarantee obligations in connection with the Secured Debt.

 

4.6       Litigation;
Orders. Except for the Chapter 11 Cases and any adversary proceedings or contested motions commenced in connection therewith, or as
set forth on Schedule 4.6 to the Disclosure Schedules, there is no Claim, Proceeding or Order pending, outstanding or, to any Sellers’
Knowledge, threatened against any Seller that seeks to restrain or prohibit or otherwise challenge the consummation, legality or validity
of the transactions contemplated hereby.

 

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4.7       Tangible
Personal Property. Schedule 4.7 to the Disclosure Schedules sets forth all personal property leases with annual payments in
excess of $20,000 Related to the Business. Except for potential or alleged defaults arising from Sellers’ failure or alleged failure
to pay amounts owed under such personal property leases prior to the Petition Date, each such personal property lease is valid and enforceable,
subject to the entry of the Sale Order.

 

4.8       Employment
Matters.

 

(a)       No
Employee is covered by, and the Company is not bound by, a collective bargaining or other labor-related agreement with any union or employee
organization. Within the past three (3) years, no Seller has been asked to recognize any union or collective bargaining unit or union
contribution agreement. To Sellers’ Knowledge, within the past three (3) years, no organizational attempt has been made by or threatened
by or on behalf of any labor union or collective bargaining unit with respect to any Employee, and there are and, in the past three (3)
years, have been no strikes, slowdowns, work stoppages, lockouts, or other labor disputes pending or threatened against or involving any
Seller. There is no unfair labor practices complaint, charge, administrative proceeding, or claim against any Seller pending or threatened
before the National Labor Relations Board or any comparable Governmental Entity.

 

(b)       Intentionally
omitted.

 

(c)       To
the Knowledge of Sellers, and except as would not reasonably be expected to have a Seller Material Adverse Effect, Sellers are in compliance
in all material respects with all applicable laws, agreements, contracts and policies relating to employment, employment practices, human
rights, wages, hours, meals and rest period breaks, job classifications and terms and conditions of employment. Except as provided in
Schedule 4.8(c) to the Disclosure Schedules, there is no material litigation or Claims pending or, to Sellers’ Knowledge,
threatened against any Seller by any past or current Employee. As of the Agreement Date and the Closing Date, all compensation (including
wages, commissions, bonuses, fees and other compensation) payable to all Employees and independent contractors of the Sellers for service
performed prior to such dates have been paid in full, except as set forth on Schedule 4.8(c). To the Knowledge of Sellers, Sellers have
complied with all applicable immigration Laws, including Form I-9 requirements and any applicable mandatory E-Verify obligations.

 

(d)       Subject
to applicable Governmental Authorizations, Sellers have provided Buyer a true and correct list, as of the Agreement Date, of the names
and titles of and current annual base salaries or hourly rates for all full time or part time Employees and consultants of the Business,
together with each employee’s title or position, job location, leave status (if any) (including type of leave and, if known, anticipated
return-to-work date), visa status, status as exempt or non-exempt under applicable overtime and minimum wage Laws, the date of each employee’s
original hiring and, as applicable, the full amount and nature of any other remuneration or fringe benefits, whether in cash or kind,
paid to each such person during the last or current fiscal year or payable or committed to be paid to each such person in the future,
and the bonuses accrued for, and the vacation, sick time, or other paid time off to which each such person is entitled. Schedule 4.8(d)
of the Disclosure Schedule accurately identifies all contracts or other agreements to which each such Employee and any Seller are parties
(including employment, confidentiality, non-compete, consulting, and proprietary rights agreements). Except as set forth in Schedule
4.8(d) of the Disclosure Schedule, the employment of each current Employee of each Seller is at-will.

 

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(e)       Schedule
4.8(e) to the Disclosure Schedules sets forth, as of the Agreement Date, the (i) name, (ii) date of retention, (iii) identification
of written agreement, if any, and, if none, a description of services provided, and (iv) rate of compensation of each independent contractor
or non-employee service provider, in each case who is a natural Person.

 

(f)       No
Seller has incurred any liability under, and each Seller has complied in all respects with, the WARN Act, and does not reasonably expect
to incur any such liability as a result of actions taken or not taken prior to or as of the Closing. No Seller has given, nor been required
to give, any notice under the WARN Act within ninety (90) days prior to the Closing.

 

4.9       Compliance
with Laws; Permits. Sellers are in compliance with all Laws applicable to the Business, except as resulting from the filing and pendency
of the Chapter 11 Cases or where the failure to be in compliance would not be reasonably expected to have a Seller Material Adverse Effect.
Except as provided on Schedule 4.9(a) to the Disclosure Schedules, Sellers have not received any notice or other communication
(whether written or oral) from any Governmental Entity or any other Person regarding any actual, alleged, possible or potential breach,
violation of or non-compliance with any Law to which any Seller, the Business, or any of the Acquired Assets is or has been subject. Sellers
have obtained all Permits which are required for the operation of the Business as presently conducted, except where such failure to obtain
such Permits would not reasonably be expected to have a Seller Material Adverse Effect. Schedule 4.9(b) to the Disclosure Schedules
contains a true and correct list of all such Permits. Sellers are not in default or violation (and no event has occurred which, with notice
or the lapse of time or both, would constitute a default or violation) of any term, condition or provision of any Permit to which they
are parties, except where such default or violation would not be reasonably expected to have a Seller Material Adverse Effect.

 

4.10       Trade
Controls. Sellers, their respective directors, officers, and employees, and to Sellers’ Knowledge, Sellers’ agents and
representatives are and have, since October 1, 2018, been in compliance with (a) U.S. and any applicable foreign economic sanctions Laws
and regulations, including economic sanctions administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control,
and (b) all U.S. and applicable foreign Laws and regulations relating to import and export controls (collectively, the “Trade
Controls”). Neither Sellers, nor their respective officers, directors, agents, employees, or any third-party acting on their
behalf (x) is or has been designated on any sanctions-related list of restricted or blocked persons, including the U.S. Department of
the Treasury’s Office of Foreign Assets Control’s list of “Specially Designated Nationals and Blocked Persons”,
(y) is located in, organized under the Laws of, or resident in any country or territory that is itself the subject of any economic or
financial sanctions by any Governmental Entity, or (z) owned or controlled by any Person described in clause (x) or (y). There have been
no complaints, charges, investigations, voluntary disclosures, or Litigation under Trade Controls involving Sellers, and to Sellers’
Knowledge, there are no pending or threatened claims or investigations involving suspect or confirmed violations thereof.

 

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4.11       Anti-Bribery
Laws. To the Seller’s Knowledge, neither Sellers nor any of their respective directors, officers, employees or agents, nor any
third parties acting on their behalf, is and, since October 1, 2018, has been engaged, directly or indirectly, in any activity in violation
of (a) the Foreign Corrupt Practices Act of 1977, as amended, (b) any other applicable Law of a Governmental Entity of similar effect
or that relates to bribery or corruption (collectively, “Anti-Bribery Laws”), or (c) any applicable money laundering
Laws. Since October 1, 2018, Sellers have conducted the Business in compliance with all applicable Anti-Bribery Laws and money laundering
Laws and has instituted and maintains policies, controls, and procedures, and an internal accounting system reasonably designed to ensure,
and which are reasonably expected by Sellers to continue to ensure compliance therewith and that violations of applicable Anti-Bribery
Laws and money laundering Laws will be prevented, detected, and deterred. Since October 1, 2018, Sellers have not been the subject of
or involved in any Litigation or, to Seller’s Knowledge, threatened Litigation, relating to compliance with Anti-Bribery Laws or
money laundering Laws, and there have been no allegations (internal or external) against Sellers, including their respective directors,
officers, employees, agents, or third parties acting on behalf of any Seller regarding non-compliance with the foregoing.

 

4.12       Contracts
and Leases. Schedule 4.12 to the Disclosure Schedules sets forth a true and complete list of each Seller’s (a) Leases
and (b) current projects that are subject to executory Contracts that, to the Knowledge of Sellers, involve, on the per-contract basis,
aggregate future consideration in excess of $250,000 as of the Agreement Date, and Sellers have delivered to Buyer true and complete copies
of all such Leases and Contracts in the possession of Sellers (in each case, including any and all amendments, modifications, supplements,
exhibits and restatements thereto and thereof) (collectively, the “Material Contracts and Leases”). Sellers have not
assigned, delegated, or otherwise transferred to any third party any of their respective rights or obligations with respect to any Assumed
Contracts or Leases. The Material Contracts and Leases are, to Sellers’ Knowledge, all Contracts and Leases material to the ownership
and/or operation of the Business. To Sellers’ Knowledge, Sellers are not in breach of, or default under, any Material Contracts
and Leases, or any Assumed Contracts (except, as to any Assumed Contract(s), as would not reasonably be expected to have a Seller Material
Adverse Effect). Except as set forth in Schedule 4.12 of the Disclosure Schedules, (a) no Seller has, and to Sellers’ Knowledge,
no other party has, commenced any action with respect to any Material Contracts and Leases or any Assumed Contracts (except, as to any
Assumed Contract(s), as would not reasonably be expected to have a Seller Material Adverse Effect) or given or received any notice of
any default or violation under any Material Contract and Lease or any Assumed Contracts (except, as to any Assumed Contract(s), as would
not reasonably be expected to have a Seller Material Adverse Effect); and (b) Sellers have not received notice of the pending or threatened
cancellation, revocation or termination of any of the Material Contracts and Leases or any Assumed Contracts (except, as to any Assumed
Contract(s), as would not reasonably be expected to have a Seller Material Adverse Effect), nor do they have Knowledge of any facts or
circumstances that could reasonably be expected to lead to any such cancellation, revocation or termination. Subject to any applicable
Governmental Authorizations and entry of the Sale Order, to Sellers’ Knowledge, each Assumed Contract and Lease is, or will be upon
the Closing, valid, binding and in full force and effect in accordance with its terms (subject to payment of any Cure Costs).

 

4.13       Real
Property. Sellers do not have any fee simple interest in real property. Schedule 4.13 to the Disclosure Schedules sets forth
the address of each Leased Real Property Related to the Business. Sellers have made available to Buyer a true and complete copy of all
Leases (including all amendments, extensions, renewals, guaranties and other agreements with respect thereto) for such Leased Real Property.
Except as set forth in Schedule 4.13, with respect to each of the Assumed Leases, (a) to Sellers’ Knowledge, each Assumed
Lease is legal, valid, binding, enforceable and in full force and effect in accordance with its terms; (b) Sellers’ possession and
quiet enjoyment of the Leased Real Property has not been disturbed; (c) to Sellers’ Knowledge, there are no disputes with respect
to any Sellers’ obligations under such Lease that will not be satisfied by entry of the Sale Order and the payment of the Cure Costs
by Buyer; (d) to Sellers’ Knowledge, no Seller is in material breach or default under any of the Assumed Leases; (e) Sellers have
not subleased, licensed, or otherwise granted any Person the right to use or occupy such Leased Real Property or any portion thereof;
and (f) to Sellers’ Knowledge, there are no Liens on the estate or interest created by such Lease.

 

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4.14       Intellectual
Property.

 

(a)       Schedule
4.14(a) to the Disclosure Schedules sets forth a true, correct and complete list of all Intellectual Property that is, as of the Agreement
Date, registered or subject to an application for registration, including all Internet domain registrations owned by any Seller, which
are Related to the Business (the “Registered IP”).

 

(b)       Sellers
own, or have the right to use, all Registered IP and all Transferred Intellectual Property free and clear of all Liens (other than Permitted
Liens). The Transferred Intellectual Property includes all Intellectual Property necessary for the material operation of the Business
in the Ordinary Course of Business.

 

(c)       To
the Sellers’ Knowledge: (i) the Transferred Intellectual Property and use thereof does not infringe, misappropriate or otherwise
violate any Intellectual Property of any other Person except as would not, individually or in the aggregate, be, or reasonably be expected
to be, a Seller Material Adverse Effect; (ii) no Person is infringing, misappropriating or otherwise violating the Registered IP or other
Transferred Intellectual Property; (iii) there are no royalties or other payments payable by any Seller to any Person by reason of the
ownership, use, license, sublicense, transmission, broadcast, deliver, sale, or disposition of the Transferred Intellectual Property;
(iv) there is no pending or threatened claim or Litigation contesting the validity, ownership or right to use, sell, license, sublicense,
transmit, broadcast, deliver or dispose of any Transferred Intellectual Property, nor, to Sellers’ Knowledge, is there a basis for
any such claim; (v) no Seller has received a notice in the last two (2) years asserting that any Transferred Intellectual Property or
the proposed ownership, use, license, sublicense, transmission, broadcast, deliver, sale, or disposition thereof conflicts with the Intellectual
Property rights of any other Person, nor, to Sellers’ Knowledge, is there a basis for any such assertion.

 

(d)       All
trademarks that are Registered IP, if any, of Sellers are valid and subsisting. To the Sellers’ Knowledge, there has been no prior
use of such trademarks by any third party which would confer upon such third-party superior rights in such trademarks.

 

(e)       Schedule
4.14(e) to the Disclosure Schedules sets forth a true and complete list of software programs and applications that are licensed by
any Seller from any third party and used by any Seller and that are material to the operation of the Business (the “Licensed
Software”). To the Sellers’ Knowledge, each of the license agreements relating to the Licensed Software are valid and
binding obligations, enforceable in accordance with their terms, and there exists no event or condition which will result in a violation
or breach of, or constitute (with or without notice or lapse of time or both) a default by the applicable Seller or licensor under any
such license agreement.

 

4.15       Brokers’
Fees and Commissions. Except as set forth on Schedule 4.15 to the Disclosure Schedules, no Seller nor any of its members, managers,
directors, officers, employees or agents has employed or has any liability to any investment banker, broker, finder, agent or similar
intermediary in connection with this Agreement, the other Transaction Documents, or the Transactions contemplated hereby, and no broker,
finder, agent or similar intermediary is entitled to any broker’s fee, finder’s fee, or similar fee or commission in connection
therewith based on any agreement, arrangement or understanding. All amounts owed to each Person identified on Schedule 4.15 shall
be paid as of the Closing Date (or such later date as may be required by Law) from Sellers’ cash on hand.

 

4.16       Financial
Statements. Sellers have delivered to Buyer complete copies of (a) the audited balance sheets of the Company as of December 27, 2019,
and related audited statements of income for the fiscal year then ended (the “Audited Financial Statements”); and (b)
the draft audited balance sheets of the Company at December 25, 2020 and related draft audited statements of income for the fiscal year
then ended, and the unaudited balance sheet of the Company at December 31, 2021, and the related unaudited statements of income for the
twelve-month period then ended (the “Interim Financial Statements” and together with the Audited Financial Statements,
the “Financial Statements”). The Financial Statements have been prepared in accordance with GAAP applied on a consistent
basis throughout the period involved, subject, in the case of the Interim Financial Statements, to normal and recurring year-end adjustments
and the absence of notes. The Financial Statements fairly present in all material respects the financial condition of the Business as
of the respective dates they were prepared and the results of the operations of the Business for the periods indicated. Since December
31, 2018, Sellers have not received any written complaint, allegation, assertion or claim regarding their accounting or auditing practices,
procedures, methodologies or methods or their internal accounting controls Related to the Business. The financial books and records of
Sellers have been maintained in accordance with customary business practices and, taken together, fairly and accurately reflect on a basis
consistent with past periods and throughout the periods involved the financial position of Sellers. Sellers maintain a system of internal
accounting controls designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements, including that (y) transactions are executed in accordance with management’s general or specific authorizations; and
(z) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP. Seller has not received
any advice or notification from any independent accountants that it has used any improper accounting practice that would have the effect
of not reflecting or incorrectly reflecting in the books and records of Sellers any assets, Liabilities, revenues, expenses, equity accounts,
or other accounts. There have been no instances of Fraud, whether or not material, that occurred during any period covered by the Financial
Statements. Sellers have in place a revenue recognition policy consistent with GAAP.

 

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4.17       Tax
Matters. To Sellers’ Knowledge, all material Tax returns required to be filed by Sellers with respect to the Acquired Assets
have been duly and timely filed, and all such filed Tax returns were true, correct and complete in all material respects. All material
Taxes owed by Sellers with respect to the Acquired Assets and the Business (whether or not shown on any Tax return) have been paid. There
is no audit, dispute, claim, or controversy concerning any Tax Liability or Tax return of Sellers with respect to the Acquired Assets
or the Business. Sellers have not knowingly waived any statute of limitations in respect of an assessment or payment of Taxes with respect
to the Business or the Acquired Assets or agreed to any extension of time with respect to any Tax assessment or deficiency on the Acquired
Assets or the Business that to the Sellers’ Knowledge remain unresolved and that could result in a Lien on the Acquired Assets or
the imposition of any Liability for Taxes on Buyer. There are no Liens for Taxes on any of the Acquired Assets. Sellers have collected
or withheld all material Taxes required to have been collected or withheld, and such Taxes have been or will be duly paid to the proper
Governmental Entity, and, to Sellers’ Knowledge, Sellers have complied in all material respects with all Laws relating to withholding,
including any reporting and record-keeping requirements, to the extent failure to properly so comply could result in a Lien on the Acquired
Assets or the imposition of any Liability for Taxes on Buyer.

 

4.18       Employee
Benefits Matters.

 

(a)       Schedule
4.18(a) of the Disclosure Schedules sets forth a correct and complete list of all material Benefit Plans maintained, sponsored or
contributed to by Sellers or their Subsidiaries as of the Agreement Date.

 

(b)      Sellers have provided or made available to Buyer, with respect to each Assumed Benefit Plan, the following, to the extent applicable to
such Benefit Plan: (i) a copy of the three (3) most recent Form 5500 annual reports including all schedules and attachments to such
report (if required under ERISA), (ii) a copy of the summary plan description (if required under ERISA), together with a summary
of material modifications required under ERISA, (iii) a true and complete copy of the written plan document and all amendments thereto,
(iv) a copy of all applicable nondiscrimination testing results under the Code for the previous three (3) years and (v) with respect
to each such plan that is intended to be qualified under Section 401(a) of the Code or 413(c) of the Code, the most recent determination
or opinion letter issued by the Internal Revenue Service with respect to the qualified status of such plan.

 

(c)       Except
where such noncompliance would not have a Material Adverse Effect, each Assumed Benefit Plan has been operated and administered in all
material respects in accordance with its terms and in compliance with all applicable Law, including ERISA and the Code. To Sellers’
Knowledge, no event or change has occurred with respect to any Assumed Benefit Plan that is intended to be qualified under Section 401(a)
or 413(c) of the Code that would reasonably be expected to cause the loss of such plan’s tax qualified status, or has subjected
or would reasonably be expected to subject the Company to a material penalty under Section 502 of ERISA or to an excise tax under the
Code.

 

(d)       All
required contributions (including all employer contributions and employee salary reduction contributions), premiums and other payments
that have become due and owing as of the date hereof in respect of any current or former employee of the Company have been timely paid
in accordance with each Assumed Benefit Plan.

 

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(e)       Except
as set forth in Schedule 1.1(e) of the Disclosure Schedule, no Assumed Benefit Plan is covered by Title IV of ERISA, Section 302
of ERISA or Section 412 of the Code, and the Company and its ERISA Affiliates have not sponsored, maintained or contributed to such
a plan within the six (6) years prior to the Closing Date. The Company and its ERISA Affiliates do not contribute to or have an obligation
to contribute to, and have not at any time within six (6) years prior to the Closing Date contributed to or had an obligation to
contribute to, (i) any “multiemployer plan” as defined in Section 3(37) of ERISA, (ii) a “defined benefit plan”
as defined in ERISA Section 3(35), (iii) a pension plan subject to the funding standards of ERISA Section 302 or Code Section 412, (iv)
a “multiple employer plan” within the meaning of ERISA Section 201(a) or Code Section 413(c), (v) a multiple employer welfare
arrangement within the meaning of ERISA Section 3(40), or (vi) a VEBA under Code Section 501(c)(9).

 

(f)       No
Seller nor any other “disqualified person” or “party in interest” as defined in Code Section 4975 and Section
3(14) of ERISA, respectively, has engaged in any “prohibited transaction,” as defined in Code Section 4975 or Section 406
of ERISA, with respect to any Assumed Benefit Plan, nor, to Sellers’ Knowledge, has there been any fiduciary violations under ERISA
that, in either case, could subject Sellers or their Subsidiaries to any material penalty or tax under Section 502 of ERISA or Code Section
4975. Neither Sellers nor, to Sellers’ Knowledge, any of their respective ERISA Affiliates has any material liability of any kind
whatsoever, whether direct, indirect, contingent or otherwise, on account of (a) any violation of the health care requirements of Part
6 of Title I of ERISA or Section 4980B of the Code, (b) under Section 302 of ERISA or Section 412 of the Code or (c) under Title IV of
ERISA.

 

(g)       No
actions, suits or claims or any audit or investigation by any governmental authority with respect to the assets of any ERISA Plan or Assumed
Benefit Plan are pending or, to Sellers’ Knowledge, threatened, that would reasonably be expected to have a Material Adverse Effect.
There is no voluntary compliance submission through the IRS Employee Plans Compliance Resolution System or the DOL’s Voluntary Fiduciary
Correction Program pending or in progress.

 

(h)       There
are no Assumed Benefit Plans under which welfare benefits are provided to any current or former employees of Sellers or their Subsidiaries
beyond their retirement or other termination of service, other than coverage mandated by Code Section 4980B, Subtitle B of Title I of
ERISA or similar state group health plan continuation Laws, the cost of which is fully paid by the eligible participants or their dependents.
As of the Agreement Date, there are no legal proceedings pending (other than routine claims for benefits) by or on behalf of any current
or former employee of Sellers or, to Sellers’ Knowledge, threatened in writing against any of the Assumed Benefit Plans.

 

(i)       Each
Assumed Benefit Plan that is a “group health

plan” as defined in Section 733(a)(1) of ERISA is and has been in compliance, in all material respects, with each of the applicable
requirements of ERISA and the Code, including Section 4980B of the Code and Part 6 of Subtitle B of Title I of ERISA and
with the Patient Protection and Affordable Care Act of 2010 (“PPACA”), and to Sellers’ Knowledge, no event has
occurred, and no condition or circumstance exists, that would reasonably be expected to result in a material liability for penalties or
excise Taxes under Code Section 4980D or 4980H or any other provision of PPACA (including the requirement to timely file ACA information
returns with the IRS or to provide applicable statements to employees under Section 6056 of the Code or 6055 as applicable). Each Assumed
Benefit Plan that is a group health plan is in compliance with the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”),
and the privacy and security laws governing protected health information under HIPAA, as amended by the Health Information Technology
for Economic and Clinical Health Act, and any applicable state health care privacy and security laws or comparable laws, to the extent
applicable.

 

    	 	30	 

    	 

    

 

(j)       Each
Assumed Benefit Plan that constitutes a nonqualified deferred compensation plan subject to Section 409A of the Code has been administered
and operated in documentary and operational compliance in all material respects with the provisions of Section 409A of the Code and the
Treasury Regulations thereunder. The Company does not have any “gross up” or indemnity obligation to any individual for taxes
imposed under Code Section 4999 or 409A.

 

(k)       The
consummation of the transactions contemplated by this Agreement will not materially increase the amount of, or result in the acceleration
of, the time of payment, funding or vesting of compensation or benefits under any Assumed Benefit Plan. There is no contract, agreement
or Assumed Benefit Plan covering any current or former employee or director of the Company or any ERISA Affiliate, which individually
or in the aggregate, could be expected to give rise to the payment of any amount which would constitute an “excess parachute payment”
(as defined in Section 280G of the Code).

 

4.19       Absence
of Changes. To Sellers’ Knowledge, from the Agreement Date through the Closing Date, Sellers have been operated in the Ordinary
Course of Business, and there have not been any changes prohibited by Section 6.1 of this Agreement.

 

4.20       Exclusive
Representations and Warranties. Except for the representations and warranties contained in this Article 4 (as modified by the
Disclosure Schedules), none of Sellers, nor any of their respective Representatives, makes or has made any other representation or warranty
on behalf of Seller. Except for the representations and warranties contained in this Article 4 (as modified by the Disclosure Schedules),
Sellers are selling the Acquired Assets “as is-where is” and disclaim all liability and responsibility for any representation,
warranty, projection, forecast, statement, or information made, communicated, or furnished (orally or in writing) to Buyer or its Affiliates
or Representatives (including any opinion, information, projection, or advice that may have been or may be provided to Buyer by any Representative
of Seller). The disclosure of any matter or item in any schedule hereto will not be deemed to constitute an acknowledgment that any such
matter is required to be disclosed or is material or that such matter would result in a Seller Material Adverse Effect.

 

ARTICLE 5

REPRESENTATIONS AND WARRANTIES OF BUYER

 

Buyer hereby represents and
warrants to Sellers, as of the Agreement Date, and as of the Closing, except as set forth on the Disclosure Schedules, as follows:

 

5.1       Organization.
Buyer is duly organized, validly existing and in good standing under the Laws of the jurisdiction of its organization. Buyer has all necessary
corporate power and authority to own and operate its properties, to lease the property it operates under lease and to conduct its business.

 

    	 	31	 

    	 

    

 

5.2       Due
Authorization, Execution and Delivery; Enforceability. Buyer has all requisite corporate power and authority to execute and deliver
this Agreement and the other Transaction Documents to which it is (or will become at Closing) a party and to perform its obligations hereunder
and thereunder. The execution, delivery and performance by Buyer of this Agreement and the other Transaction Documents to which it is
(or will become at Closing) a party and the consummation of the Transactions have been duly and validly authorized by all requisite corporate
action on the part of Buyer and no other corporate action on the part of Buyer is necessary to authorize this Agreement and such other
Transaction Documents and to consummate the Transactions (subject, in the case of the obligation to consummate the Transactions, to the
entry of the Sale Order). This Agreement and the other Transaction Documents to which Buyer is (or will become at Closing) party have
been (or will be) duly and validly executed and delivered by Buyer and (assuming the due authorization, execution and delivery by all
parties hereto and thereto, other than Buyer) constitute (or will constitute) valid and binding obligations of Buyer enforceable against
Buyer in accordance with their terms (subject to the entry of the Sale Order), in each case except as enforceability may be limited by
applicable bankruptcy, insolvency or similar Laws affecting the enforcement of creditors’ rights generally or by equitable principles
relating to enforceability.

 

5.3       Governmental
Approvals. No notice to, consent, approval or authorization of or designation, declaration or filing with any Governmental Entity
is required by Buyer with respect to Buyer’s execution and delivery of any Transaction Document to which it is (or will become at
Closing) a party or the consummation of the Transactions, except (a) the Sale Order having been entered by the Bankruptcy Court and (b)
any consent, approval or authorization of or designation, declaration or filing with any Governmental Entity the failure of which to be
made or obtained would not, individually or in the aggregate, be reasonably expected to result in a Buyer Material Adverse Effect.

 

5.4       No
Conflicts. The execution, delivery and performance by Buyer of any Transaction Document to which Buyer is (or will become at Closing)
a party and the consummation of the Transactions, does not and will not (a) conflict with or result in any breach of any provision
of its certificate of incorporation or bylaws or comparable governing documents, (b) conflict with or result in the breach of the
terms, conditions or provisions of or constitute a default (or an event which with notice or lapse of time or both would become a default)
under, or give rise to any right of termination, acceleration or cancellation under, any Material Contract of Buyer, or (c) result
in a violation of any Law or Order applicable to it, except, in the case of clauses (b) and (c), as would not, individually
or in the aggregate, result in a Buyer Material Adverse Effect.

 

5.5       Sufficiency
of Funds. Buyer has, or at Closing will have, sufficient cash on hand to enable it to make payment of the cash portion of the Purchase
Price and consummate the Transactions.

 

5.6       Adequate
Assurances Regarding Executory Contracts. As of the Closing, Buyer will be capable of satisfying the conditions contained in sections 365(b)(1)(C)
and 365(f) of the Bankruptcy Code with respect to the Assumed Contracts and Assumed Leases.

 

    	 	32	 

    	 

    

 

5.7       Exclusive
Representations and Warranties. Except for the representations and warranties contained in this Article 5 (as modified by the
Disclosure Schedules), none of Buyer, its Affiliates, nor any of their respective Representatives, makes or has made any other representation
or warranty on behalf of Buyer. Except for the representations and warranties contained in this Article 5 (as modified by the Disclosure
Schedules), Buyer disclaims all liability and responsibility for any representation, warranty, projection, forecast, statement, or information
made, communicated, or furnished (orally or in writing) to Sellers or their Representatives (including any opinion, information, projection,
or advice that may have been or may be provided to Sellers by any Representative of Buyer or any of their respective Affiliates). The
disclosure of any matter or item in any schedule hereto will not be deemed to constitute an acknowledgment that any such matter is required
to be disclosed or is material or that such matter would result in a Buyer Material Adverse Effect.

 

5.8       No
Outside Reliance. Except as otherwise expressly provided in the Agreement, Buyer has not relied and will not rely on, and Sellers
are not liable for or bound by, any express or implied warranties, guarantees, statements, representations or information pertaining to
the Acquired Assets or relating thereto made or furnished by Sellers. BUYER FURTHER ACKNOWLEDGES THAT SHOULD THE CLOSING OCCUR, BUYER
WILL ACQUIRE THE ACQUIRED ASSETS AND ASSUME THE ASSUMED LIABILITIES IN AN “AS IS” CONDITION AND ON A “WHERE IS”
BASIS, WITHOUT ANY REPRESENTATION OR WARRANTY OF ANY KIND, EXPRESS OR IMPLIED (INCLUDING ANY WITH RESPECT TO ENVIRONMENTAL, HEALTH OR
SAFETY MATTERS) EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT.

 

ARTICLE 6

COVENANTS OF THE PARTIES

 

6.1       Conduct
of Business Pending the Closing. During the period from the date of this Agreement and continuing until the earlier of (i) the termination
of this Agreement in accordance with its terms and (ii) the Closing (the “Interim Period”), except as may be required
by Order of the Bankruptcy Court (provided that Sellers have not directly or indirectly petitioned, sought, requested or moved
for such order of the Bankruptcy Court or authorized, supported or directed any other Person to petition, seek, request or move for such
Order of the Bankruptcy Court) and applicable Law (including Laws in connection with the COVID-19 pandemic), Sellers shall carry on the
Business in the Ordinary Course of Business, except to the extent otherwise agreed in writing by the Buyer, and shall use commercially
reasonable efforts to preserve intact the Business, to keep available the services of the Employees, and to maintain their relations and
goodwill with their vendors, suppliers, customers, distributors, and any others with whom or with which they have business relationships.
Notwithstanding the first sentence of this Section 6.1, during the Interim Period Sellers shall not, without the prior written
consent of Buyer:

 

(a)       (i)
other than in the Ordinary Course of Business, enter into, modify, amend, terminate, reject, waive any material rights or obligations
under or otherwise seek to reject any Material Contract and Lease or take or omit to take any action that would result (with notice or
lapse of time or both) in a default under any Material Contract or Lease or results in, or gives rise to a right with respect to, the
termination of any Material Contract or Lease; or (ii) other than in the Ordinary Course of Business and as would not reasonably be expected
to cause a Seller Material Adverse Effect, enter into, modify, amend, terminate, reject, waive any material rights or obligations under
or otherwise seek to reject any Assumed Contract or take or omit to take any action that would result (with notice or lapse of time or
both) in a default under any Assumed Contract or results in, or gives rise to a right with respect to, the termination of any Assumed
Contract;

 

    	 	33	 

    	 

    

 

(b)       sell,
transfer, convey, assign, lease, or otherwise dispose of any of the Acquired Assets or permit the Company to purchase any assets, in each
case outside of the Ordinary Course of Business;

 

(c)       mortgage,
pledge or subject to Liens (other than Permitted Liens) on the Acquired Assets and/or any of the assets of the Company or any part thereof;

 

(d)       amend,
terminate, or renew any Contract or Lease other than in the Ordinary Course of Business;

 

(e)       enter
into any agreement or commitment or engage in any transaction Relating to the Business which is not in the Ordinary Course of Business;

 

(f)       institute,
settle, compromise or agree to settle any (i) material Proceeding (other than any contested matter or proceeding in or related to the
Chapter 11 Cases) before any Governmental Entity relating to the Company (ii) any pending or threatened Claim that could give rise to
Liabilities or could impose any binding obligation, whether contingent or realized, on the Company; provided that Sellers, and
Sellers’ insurance carriers, may settle, compromise or agree ]to settle any Proceeding, Claim, or matter covered by any insurance
policy of Sellers, including, for the avoidance of doubt, any settlements, compromises or agreements to settle that fall within the deductive
limits, without the consent of Buyer; or (iii) waive or release any claims or rights included in or related to the Acquired Assets with
a value individually or in the aggregate in excess of $50,000;

 

(g)       engage
any new Employee other than in the Ordinary Course of Business, or terminate any Employee other than in the Ordinary Course of Business
or for cause;

 

(h)       other
than in the Ordinary Course of Business or as otherwise approved by the Bankruptcy Court, increase the benefits of or compensation payable
to (whether in the form of salary, bonus, or otherwise) any Employee, contractor or consultant of any Seller, or grant any bonus, benefit,
payment (contingent or otherwise) or other direct or indirect compensation to any Employee, contractor or consultant of any Seller, including
pursuant to the Incentive Plan;

 

(i)       license
Intellectual Property Rights except for licenses in the Ordinary Course of Business;

 

(j)       take
any action or fail to take any action required by this Agreement with the knowledge that such action or omission would result in any of
the representations and warranties of Sellers in this Agreement becoming untrue in any respect;

 

    	 	34	 

    	 

    

 

(k)       enter
into any Contract providing for capital expenditures with respect to the Business in an amount to be paid after the Closing of more than
$50,000, individually, or $100,000, in the aggregate; and/or

 

(l)       authorize,
commit, agree to or enter into any Contract to do any of the foregoing.

 

Nothing contained in this
Agreement is intended to give Buyer or its Affiliates, directly or indirectly, the right to control or direct the business of Sellers
prior to the Closing.

 

6.2       Access.
Subject to applicable Law, during the Interim Period, Sellers (a) shall give Buyer and its Representatives reasonable access during
normal business hours to the offices, properties, officers, employees, accountants, auditors, counsel and other representatives, data,
books and records of Sellers to the extent relating to the Business, as Buyer reasonably deems necessary in connection with effectuating
the transactions contemplated by this Agreement, (b) shall furnish to Buyer and its Representatives such financial, operating and
property data to the extent relating to the Business and other information as Buyer and its Representatives reasonably request and (c)
shall cooperate reasonably with Buyer in its investigation of the Business, including access to facilities or other Acquired Assets and
communication with customers and vendors as the case may be. It is acknowledged and understood that no investigation by Buyer or other
information received by Buyer shall operate as a waiver or otherwise affect any representation, warranty or other agreement given or made
by Sellers hereunder. Buyer agrees that any on-site inspections of any of Acquired Assets shall be conducted in the presence of Sellers
or their Representatives. All inspections shall be conducted so as not to interfere unreasonably with the use of any of the Acquired Assets
by Sellers, or operation of the Business, and shall not violate any applicable Law or confidentiality obligations of any Seller.

 

6.3       Public
Announcements. Buyer and Sellers will consult with each other before issuing, and provide each other the opportunity to review and
comment upon, any press release or public announcement of this Agreement and the Transactions, but neither Buyer nor Sellers shall issue
any press release without the prior written approval of the other Party, in each case except as may be required by Law, court process
(including the filing of this Agreement with the Bankruptcy Court as an exhibit to the Sale Motion) or by obligations pursuant to any
listing agreement with any national securities exchange and/or as required by any rules and/or regulations of the Securities and Exchange
Commission, in which case the non-disclosing party will have the right to review and comment on such release, announcement or communication
prior to publication; provided, that any such press release or public announcement shall not identify the Company’s direct
or indirect equity holders without the consent of such equity holders in their individual sole discretion.

 

6.4       Tax
Matters.

 

(a)       All
Transfer Taxes arising out of the transfer of the Acquired Assets pursuant to this Agreement and which constitute Assumed Liabilities
shall be borne by Buyer. Sellers and Buyer shall cooperate to timely prepare and file any Tax Returns relating to such Transfer Taxes,
including any Claim for exemption or exclusion from the application or imposition of any Transfer Taxes. Buyer or Sellers, as applicable,
shall file all necessary documentation and returns with respect to such Transfer Taxes when due, and shall promptly, following the filing
thereof, furnish a copy of such return or other filing and a copy of a receipt showing payment of any such Transfer Tax to the other Parties
hereto. Buyer shall pay all such Transfer Taxes when due.

 

    	 	35	 

    	 

    

 

(b)       Each
of Buyer, on the one hand, and Sellers, on the other hand, shall cooperate fully, as and to the extent reasonably requested, in connection
with the preparation and filing of Tax Returns and any audit, litigation or other proceeding with respect to Taxes and shall furnish or
cause to be furnished to the other, upon request, as promptly as practicable, such information and assistance relating to the Acquired
Assets and the Business as is reasonably necessary for filing of all Tax Returns, including any Claim for exemption or exclusion from
the application or imposition of any Taxes, the preparation for any audit by any Tax Authority and the prosecution or defense of any Proceeding
relating to any Tax Return.

 

(c)       Subject
to the terms of the Transition Services Agreement, all real and personal property Taxes, assessments, and similar governmental charges
levied with respect to the Acquired Assets for a taxable period which includes (but does not end on) the Closing Date shall be apportioned
between the pre-Closing Tax period and the post-Closing Tax period as of the Closing Date on a per diem basis. Thereafter, Sellers shall
notify Buyer upon receipt of any bill for real or personal property Taxes or similar charges relating to the Acquired Assets, part or
all of which are attributable to any post-Closing Tax period, and shall promptly deliver such Tax bill to Buyer, who shall pay the post-Closing
portion of same to the appropriate Governmental Authority; provided that if such bill covers the pre-Closing period, Sellers shall also
remit to Buyer, prior to the due date of such Tax bill, payment for the proportionate amount of such bill that is attributable to the
pre-Closing period. If either Sellers or Buyer shall make a payment which such Party is entitled to have made by the other Party under
this Section, such other Party shall promptly make reimbursement (but in no event later than fifteen (15) Business Days after the presentation
of a statement setting forth the amount of reimbursement to which the presenting Party is entitled along with such supporting evidence
as is reasonably necessary to calculate the amount of reimbursement. Any payment required under this Section shall bear interest at the
rate per annum determined, from time to time, under the provisions of Section 6621(a)(2) of the Code for each day until paid.

 

6.5       Commercially
Reasonable Efforts.

 

(a)       Subject
to the terms and conditions of this Agreement and the Transition Services Agreement, each Party shall use its commercially reasonably
efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other Parties
in doing, all things necessary, proper or advisable under applicable Law to consummate and make effective the Transactions. Without limiting
the generality of the foregoing, the Parties will use their respective reasonable best efforts to (i) take all actions necessary to transfer
the Acquired Assets, (ii) take all actions necessary to cause all conditions set forth in Article 7 to be satisfied as soon as
practicable, (iii) lift or rescind any existing Order preventing, prohibiting or delaying the consummation of the Transactions, (iv) effect
all necessary registration, applications, notices and other filings required by applicable Law, including, as applicable to Sellers, under
the Bankruptcy Code, (v) obtain any third party consents necessary to consummate the Transactions, including all necessary Governmental
Authorizations, and (vi) execute and deliver any additional instruments necessary to fully carry out the purposes of this Agreement. Buyer
shall not and shall cause its Subsidiaries and Affiliates not to, take any action that would reasonably be expected to prevent or materially
delay the approval of any Governmental Entity of any of the filings referred to in this Section 6.5(a).

 

    	 	36	 

    	 

    

 

(b)       To
the extent Buyer comes into the possession of any Personally Identifiable Information, Buyer shall immediately deliver such information
to Sellers and destroy and/or delete all copies of such information and provide Sellers with evidence of such destruction.

 

6.6       Further
Assurances. Without further consideration, from and after the Closing, the Parties agree to, at the requested Party's sole cost and
expense, (a) furnish upon request to each other such further information, (b) execute, acknowledge and deliver to each other such other
documents and (c) do such other acts and things, all as the other Party may reasonably request for the purpose of carrying out the intent
of this Agreement and the Transaction Documents; provided that nothing in this Section 6.6 or this Agreement shall
prohibit Seller from ceasing operations or winding up their affairs following the transfer of all Acquired Assets to Buyer.

 

6.7       Bankruptcy
Court Matters.

 

(a)       Buyer
and Sellers acknowledge that this Agreement and the Transactions contemplated hereby are subject to the Bidding Procedures and approval
by the Bankruptcy Court and, as applicable, entry of the Bidding Procedures Order and Sale Order. In the event of any discrepancy between
this Agreement and the Bidding Procedures Order and the Sale Order, the Bidding Procedures Order and Sale Order shall govern.

 

(b)       This
Agreement and the Transactions are subject to Sellers’ right and ability to consider higher and better competing bids with respect
to the Acquired Assets pursuant to the Bidding Procedures Order. Sellers shall conduct any Auction process in accordance with the Bidding
Procedures and shall not amend, waive, modify or supplement the Bidding Procedures in any material respect except as provided in the Bidding
Procedures Order or any other Order of the Bankruptcy Court. Following completion of any Auction, if Buyer is the successful bidder, neither
Sellers nor their agents shall initiate contact with, solicit, encourage submission of, or respond to any inquiries, proposals or offers
by any Person in connection with the sale or disposition of the Acquired Assets.

 

(c)       Subject
to Sellers’ obligations to comply with any order of the Bankruptcy Court, Sellers and Buyer will promptly make all filings, take
all actions and use commercially reasonable efforts to obtain any and all other approvals and orders necessary or appropriate for consummation
of the Transactions. Sellers shall promptly provide Buyer with drafts of all documents, motions, orders, filings or pleadings that Sellers
propose to file with the Bankruptcy Court which relate to this Agreement or the Transactions and will provide Buyer with reasonable opportunity
to review such filings. Sellers will also promptly provide Buyer with written notice and copies of any other or further notice of appeal,
motion, or application filed in connection with any appeal from or application for reconsideration of, any of such orders and any related
briefs.

 

    	 	37	 

    	 

    

 

(d)       Sellers
shall comply with the following timeline:

 

(i)       On
the Petition Date, Sellers shall file the Bidding Procedures Motion;

 

(ii)       No
later than May 10, 2022, Sellers shall obtain entry of the Bidding Procedures Order;

 

(iii)      Sellers
shall promptly serve on all counterparties to all of its Contracts and Leases a notice specifically stating that Sellers are or may be
seeking the assumption and assignment of such Contracts and Leases and shall notify such counterparties of the deadline for objecting
to the Cure Costs, which deadline shall be not less than three (3) Business Days prior to the Sale Hearing;

 

(iv)     June
3, 2022, shall be the deadline for submission of all qualified bids as set forth in the Bidding Procedures;

 

(v)      No
later than June 8, 2022, the Auction (if necessary) shall have been held pursuant to the Bidding Procedures Order;

 

(vi)     No
later than June 16, 2022, the Bankruptcy Court shall have entered the Sale Order; and

 

(vii)    No
later than the Outside Date, the Closing shall have occurred.

 

(e)       From
and after the date hereof, Sellers shall not take any action that is intended to result in, or fail to take any action the intent of which
failure to act would result in, the reversal, voiding, modification or staying of the Bidding Procedures Order or, if Buyer is the Successful
Bidder at the Auction, the Sale Order. Buyer has not colluded in connection with its offer or negotiation of this Agreement. From and
after the date hereof, Buyer shall not take any action that is intended to result in, or fail to take any action the intent of which failure
to act would result in, the reversal, voiding, modification or staying of the Bidding Procedures Order, or if Buyer is the Successful
Bidder at the Auction, the Sale Order or consummation of the Transactions.

 

(f)       Buyer
agrees that it will promptly take such actions as are reasonably requested by Sellers to assist in obtaining entry of the Sale Order,
including furnishing affidavits or other documents or information for filing with the Bankruptcy Court for the purposes, among others,
of demonstrating that Buyer is a “good faith” purchaser under section 363(m) of the Bankruptcy Code; provided,
however, in no event shall Buyer or Sellers be required to agree to any amendment of this Agreement.

 

(g)       Sellers
further covenant and agree that, after the entry of the Sale Order, the terms of any reorganization or liquidation plan Sellers submit
to the Bankruptcy Court, or any other court for confirmation or sanction, shall not be intended to (or reasonably likely to) supersede,
abrogate, nullify or restrict the terms of this Agreement in any material respect, or prevent the consummation or performance of the Transactions.

 

    	 	38	 

    	 

    

 

(h)       If
an Auction is conducted, and Buyer is not the Successful Bidder for the Acquired Assets, Buyer shall, in accordance with and subject to
the Bidding Procedures, be required to serve as the back-up bidder if Buyer is the next highest or otherwise best bidder for the Acquired
Assets at the Auction (the party that is the next highest or otherwise best bidder at the Auction after the Successful Bidder, the “Back-Up
Bidder”) and, if Buyer is the Back-Up Bidder, Buyer shall, notwithstanding Section 8.1(b)(ii), be required to keep its
bid to consummate the Transactions on the terms and conditions set forth in this Agreement (as the same may be improved upon by Buyer
in the Auction) open and irrevocable until the first to occur of the Outside Date or the date this Agreement is otherwise terminated pursuant
to Article 8. Following the Auction, if the Successful Bidder fails to consummate the applicable Alternative Transaction as a result
of a breach or failure to perform on the part of such Successful Bidder, then Buyer, if Buyer is the Back-Up Bidder, will be deemed to
have the new prevailing bid, and Sellers may seek authority to consummate the Transactions on the terms and conditions set forth in this
Agreement (as the same may be improved upon by Buyer in the Auction) with the Back-Up Bidder.

 

(i)       In
consideration for Buyer having expended considerable time and expense in connection with this Agreement, the Transactions, the negotiation
of this Agreement, and the identification and quantification of the assets and Liabilities of Sellers, upon the consummation of any Alternative
Transaction following any such termination or as otherwise specified in Section 8.2, Buyer shall be deemed to have earned the Break-Up
Fee and Expense Reimbursement, which shall be paid in cash, by wire transfer of immediately available funds to an account designated by
Buyer by Sellers, without further order of the Bankruptcy Court. The Break-Up Fee and Expense Reimbursement, as well as Sellers’
obligations to pay any other amounts to Buyer arising under this Agreement, shall be a superpriority administrative expense obligation
under Section 503(b) and 507(a)(2) of the Bankruptcy Code with priority over all other administrative expenses specified in section 503(b)
of the Bankruptcy Code except for fees and expenses of Persons retained by the Sellers pursuant to sections 327 or 328 of the Bankruptcy
Code. Sellers hereby acknowledge that the obligation to pay the Break-Up Fee and Expense Reimbursement (to the extent due hereunder) shall
survive the termination of this Agreement and shall have administrative expense status against Sellers and their estate. The Parties acknowledge
and agree that (1) the Parties have expressly negotiated the provisions of this Section 6.7(i), (2) the payment of the Break-Up Fee and
Expense Reimbursement are integral parts of this Agreement, and (3) in the absence of Sellers’ obligations to make these payments,
Buyer would not have entered into this Agreement.

 

6.8       Cure
Costs. Subject to Section 2.5, Sellers shall sell, transfer and assign, all Assumed Contracts and Assumed Leases to Buyer, and Buyer
shall purchase and assume all Assumed Contracts and Assumed Leases from Sellers, as of the Closing Date pursuant to sections 363 and 365
of the Bankruptcy Code and the Sale Order. In connection with debts incurred or the assignment and assumption of the Assumed Contracts
and Assumed Leases, Buyer shall cure any monetary defaults of the debts incurred or under the Assumed Contracts and Assumed Leases by
payment of any Cure Costs as determined in accordance with the Bidding Procedures Order and Sale Order; provided, however,
that if an Assumed Contract or Assumed Lease is not assumed and assigned on the Closing Date pursuant to Section 2.5(e), Buyer shall pay
Cure Costs as soon as practicable after (i) Sellers obtain the Consent or Governmental Authorization for the applicable Delayed Contract
and (ii) the assumption and assignment of an Assumed Contract or Assumed Lease. Buyer shall be responsible for demonstrating and establishing
adequate assurance of future performance before the Bankruptcy Court with respect to the Assumed Contracts and Assumed Leases

 

    	 	39	 

    	 

    

 

6.9       Preservation
of Books and Records. For a period of three (3) years after the Closing Date, Buyer shall provide to Sellers and their respective
Representatives (after reasonable notice and during normal business hours and without undue interference to the business operations of
Buyer, and at Sellers’ sole cost and expense) reasonable access to, including the right to make copies of, all books and records
included in and otherwise related to the Acquired Assets, to the extent necessary to permit Sellers to determine any matter relating to
their rights and obligations hereunder or to any period ending on or before the Closing Date (for example, for purposes of any Tax or
accounting audit or any claim or litigation matter, but not for any dispute or claim between Buyer and Sellers in connection with this
Agreement, the Transaction Documents or otherwise), for periods prior to the Closing and shall preserve such books and records until the
later of (i) such period as shall be consistent with Buyer’s records retention policy in effect from time to time, (ii) the retention
period required by applicable Law, (iii) the conclusion of all bankruptcy proceedings relating to the Chapter 11 Cases, or (iv) such three
(3) period. Such access shall include access to any information in electronic form to the extent reasonably available. Buyer acknowledges
that Sellers have the right to retain originals or copies of all of books and records included in or related to the Acquired Assets for
periods prior to the Closing. To the extent that any books and records Related to the Business, the Acquired Assets, or the Assumed Liabilities
do not constitute Acquired Assets, Sellers (or any subsequently appointed representative of their bankruptcy estates) shall preserve such
books and records relating to the pre-Closing Business for a period of six (6) months from the date on which all Acquired Assets have
been transferred pursuant to this Agreement and the other Transaction Documents, and shall make such books and records available to Buyer,
at Buyer’s sole cost and expense, as may be reasonably required by Buyer in connection with, among other things, any insurance claims,
legal proceedings, Tax audits, or governmental investigations, or in order to allow Buyer to comply with its obligations under this Agreement
and the other Transaction Documents.

 

6.10       Notification
of Certain Matters. To the extent permitted by applicable Law, Sellers and Buyer will give prompt written notice to the other Parties
of (a) the existence of any fact or circumstance, or the occurrence of any event, of which it has Knowledge that would reasonably be likely
to cause a condition to a Party’s obligations to consummate the Transactions set forth in Article 7 not to be satisfied as
of any date, including the breach of any representation, warranty, or covenant in this Agreement, (b) any notice or other communication
from any Person asserting that the consent of such Person which is or may be required in connection with the Transactions is not likely
to be obtained prior to Closing or any written objection or proceeding challenging the Transactions or the entry of the approval by the
Bankruptcy Court, or (c) the receipt of any notice or other communication from any Governmental Entity in connection with the Transactions
contemplated by this Agreement; provided, however, that the delivery of any such notice pursuant to this Section 6.10
shall not be deemed to amend or supplement this Agreement and the failure to deliver any such notice shall not constitute a waiver of
any right or condition to the consummation of the transactions contemplated hereby by any Party. Subject to (i) any confidentiality provisions
binding the Sellers and (ii) restrictions of access to classified information, Sellers shall permit Buyer or its Representatives to review
in advance any proposed material written or material oral communication or information submitted to any Governmental Entity in connection
with the Transactions, shall furnish Buyer with copies of all correspondence, filings and communications with any Governmental Entity,
and shall not agree to participate in any meeting with any Governmental Entity related to the Transactions unless Sellers consult with
Buyer in advance and, to the extent permitted by any such Governmental Entity, give Buyer the opportunity to attend and participate in
such meeting, in each case to the maximum extent practicable and in accordance with applicable Law. Each Party shall furnish the other
Party with such necessary information and assistance as such other Party may reasonably request in connection with their preparation of
filings, registrations, requests or submissions of information to any Governmental Entity in connection with this Agreement and the Transactions;
provided, however, that Sellers may withhold such information if Sellers determine that such disclosure thereof would violate
(i) any confidentiality provisions binding on the Sellers or (ii) any restrictions of access to classified information.

 

6.11       Confidentiality.

 

(a)       From
and after the Closing, Sellers shall keep confidential all non-public information regarding the Acquired Assets, except for (i) such public
disclosure as Sellers and their counsel may reasonably determine to be required under any applicable Law, regulation, or Order (provided
that Sellers will provide Buyer with prior written notice of any such disclosure to the extent permitted by applicable Law and, where
applicable and reasonably requested by Buyer and at Buyer’s sole cost and expense, Sellers will use commercially reasonable efforts
to cooperate with Buyer to obtain a protective order or other confidential treatment or otherwise limit the scope of information that
is required to be disclosed, and Sellers shall only disclose that portion of such information as Sellers are advised by their counsel
in writing is required to be disclosed) and (ii) disclosure to its representatives (including any prospective or actual financing sources,
whether debt or equity) solely to the extent that such parties need to know such information and agree to be bound by confidentiality
obligations no less protective than those set forth in this Section 6.11(a).

 

(b)       The
Parties hereby acknowledge and agree that the Confidentiality Agreement is enforceable in accordance with its terms, it being understood
and agreed, however, that Buyer’s obligations thereunder related to Confidential Information (as defined therein) that constitutes
an Acquired Asset or Assumed Liability shall terminate automatically effective as of the Closing.

 

6.12       Employees.

 

(a)       Subject
to the terms and conditions of the Transition Services Agreement and entry of the Sale Order, no later than five (5) days prior to the
Closing Date, Buyer shall, or shall cause its designated Affiliate or Affiliates, to extend offers of employment to all of Sellers’
employees as of the Agreement Date who have not been terminated or otherwise left the employ of Sellers prior to the Closing Date. Sellers
will make available to Buyer a correct and complete list of all their current employees as of ten (10) days prior to the Closing Date
and, on or around the Petition Date, shall use reasonable efforts to inform all Employees, in a manner reasonably acceptable to Buyer,
of Buyer’s intention to extend offers of employment on the terms set forth this Section 6.12 and contingent upon the Closing
of the sale to Buyer. Each Employee who accepts such offer shall be deemed a “Transferred Employee”. Any such offer
of employment will be effective as of the Closing Date and contingent upon the Closing, and with respect to each of the Employees who
is then employed by Sellers, Buyer shall make commercially reasonable efforts to keep such employment at the same location, at the same
base wage or hourly rate, with employee benefits which are substantially comparable in the aggregate and on the same terms and conditions
of employment as in effect immediately prior to the Closing. Buyer shall give each Transferred Employee credit for years of service with
Sellers for purposes of determining compensation time under new employment with Buyer. Additionally, during the six (6) month period following
the Closing, Buyer shall (i) reasonably evaluate each Transferred Employee for participation in any management equity incentive pool which
Buyer, in consultation with the Company’s management, may choose to establish, and (ii) grant a profits interest, or equivalent
equity incentive, from such pool to such key Transferred Employees as determined by Buyer in its commercially reasonable discretion in
consultation with the Company’s management. To the extent permitted by Law, Sellers shall deliver a notice, which, at the option
of Buyer, may be a joint notice by Buyer and Sellers, to each of the Transferred Employees in a form reasonably satisfactory to Buyer
(i) informing such Transferred Employees about the sale of the Acquired Assets to Buyer, and (ii) terminating their employment with Sellers.
Sellers shall permit Buyer to concurrently send a notice to each of the Transferred Employees in a form reasonably satisfactory to Sellers
describing their offer of employment by Buyer, if any, and providing contact information for any questions.

 

    	 	40	 

    	 

    

 

(b)       Buyer
(or its designated Affiliate) shall assume the Assumed Benefit Plans. Buyer, on the one hand, and Sellers, on the other, shall take such
actions as are necessary and reasonably requested by the other Party to cause Buyer (or its designated Affiliate) to assume sponsorship
of the Assumed Benefit Plans as of the Closing and to effect the transfer of all assets and benefit liabilities of the Assumed Benefit
Plans together with all related trust, insurance policies and administrative services agreements, effective as soon as practicable following
the Closing, subject to the terms of the Transition Services Agreement. Buyer will not become a participating company in any of the Benefit
Plans provided by Sellers by virtue of purchasing the Acquired Assets and operating the Business and will have no liability for any of
the benefits provided under any of the Sellers’ Benefit Plans, other than the Assumed Benefit Plans or as may be required by applicable
Law.

 

(c)       No
provision of this Section 6.12 shall be deemed to (i) guarantee employment for any period of time for, or preclude the ability
of Buyer to terminate, any Transferred Employee, other employee or other service provider for any reason, (ii) confer upon any Person
(including any current or former director, officer or employee of, or consultant or independent contractor to, Buyer or any of its Subsidiaries)
any third party beneficiary or other rights or remedies, or (iii) constitute an amendment to any Benefit Plan of Buyer or Sellers.

 

6.13       Bulk
Transfer Laws. Buyer acknowledges that Sellers will not comply with the provisions of any bulk transfer laws or similar laws of any
jurisdiction in connection with the transactions contemplated by this Agreement, including the United Nations Convention on the Sale of
Goods, and hereby waives all claims related to the non-compliance therewith. The Parties intend that pursuant to section 363(f) of the
Bankruptcy Code and to the extent provided for in the Sale Order, the transfer of the Acquired Assets shall be free and clear of any Liens
on the Acquired Assets (except Permitted Liens), including any Liens arising out of the bulk transfer Laws, and the Parties shall take
such steps as may be necessary or appropriate to so provide in the Sale Order.

 

    	 	41	 

    	 

    

 

6.14       Collection
of Accounts Receivable. As of the Closing Date, Sellers hereby (a) authorize Buyer to open any and all mail addressed to Sellers and
delivered to the Leased Premises; and (b) appoint Buyer as their attorney-in-fact to endorse, cash and deposit any monies, checks or negotiable
instruments which constitute Acquired Assets which are made payable or endorsed to any Seller or any Seller’s order, for Buyer’s
own account.

 

6.15       Use
of Name and Marks. As of the Closing Date, neither Sellers nor any of their Affiliates shall use, license or authorize any third party
to use any name, slogan, logo or trademark in such a manner which is likely to cause confusion or mistake with the names, trademarks,
or service marks included in the Transferred Intellectual Property, subject to the terms of the Transition Services Agreement.

 

6.16       No
Successor Liability. Except as otherwise expressly ordered by the Bankruptcy Court, the Parties intend that, to the fullest extent
permitted by Law, including under section 363 of the Bankruptcy Code, upon the Closing, Buyer shall not and shall not be deemed to: (a)
be a successor (or other such similarly situated party) to Sellers, including a “successor employer” for purposes of the Code,
ERISA, or other applicable Laws; (b) have any responsibility or Liability for any obligations of any Seller, except as otherwise provided
in this Agreement, based on any theory of successor liability or any similar theory; (c) have, de facto or otherwise, merged with or into
any Seller; (d) be an alter ego or mere continuation or substantial continuation of any Seller (and there is no continuity of enterprise
between Buyer and any Seller), including, within the meaning of any foreign, federal, state or local revenue, pension, ERISA, COBRA, Tax,
labor, employment, environmental, products liability, or other Law, rule, regulation, or doctrine; or (e) be holding itself out to the
public as a continuation of any Seller or its estate. The Buyer acknowledges and agrees that this Section 6.16 shall not in any
way be deemed to modify or contract the Buyer’s obligations with respect to Assumed Liabilities.

 

ARTICLE 7

CONDITIONS TO OBLIGATIONS OF THE PARTIES

 

7.1       Conditions
Precedent to Obligations of Buyer. The obligation of Buyer to consummate the Transactions is subject to the satisfaction (or written
waiver by Buyer in Buyer’s sole discretion) at or prior to the Closing Date of each of the following conditions:

 

(a)       Accuracy
of Representations and Warranties. The representations and warranties of Sellers set forth in Article 4 shall be true and correct
(disregarding all qualifications or limitations as to “materiality” or “Seller Material Adverse Effect” and words
of similar import set forth therein), except where the failure of such representations or warranties to be true and correct would not
reasonably be expected to have a Seller Material Adverse Effect, as of the Agreement Date and at and as of the Closing as though made
at and as of the Closing (in each case, except to the extent expressly made as of another date, in which case as of such date as if made
at and as of such date).

 

(b)       Performance
of Obligations. Sellers shall have performed in all material respects all obligations and agreements contained in this Agreement required
to be performed by them on or prior to the Closing Date, including all deliveries required under Section 3.1(b).

 

    	 	42	 

    	 

    

 

(c)       Bidding
Procedures Motion. Sellers shall have filed the Bidding Procedures Motion on the Petition Date.

 

(d)       Bidding
Procedures Order. The Bankruptcy Court shall have entered the Bidding Procedures Order no later than May 10, 2022.

 

(e)       Sale
Order. The Bankruptcy Court shall have entered the Sale Order on or before June 16, 2022, and no Order staying, reversing, modifying
or amending such Sale Order shall be in effect on the Closing Date.

 

(f)       DIP
Order. The Bankruptcy Court shall have entered the DIP Order, no Order staying, reversing, modifying or amending such DIP Order shall
be in effect on the Closing Date, and any challenge periods under the DIP Order shall have expired as of the Closing Date.

 

(g)       Assignment
of Material Contracts. As of the Closing Date, Sellers shall have obtained, pursuant to the Sale Order or otherwise, authorization
to assign to Buyer all Material Contracts, except for those Material Contracts that constitute Delayed Contracts and that cannot be assigned
to Buyer as of the Closing Date because the applicable Governmental Authorization has not yet been obtained.

 

(h)       Acceptance
to Counsel to Buyer. The form and substance of all legal matters contemplated hereby and of all documents and instruments delivered
hereunder shall be reasonably acceptable to Buyer’s counsel.

 

(i)       No
Business Change. No change shall have occurred or be threatened regarding the Business, the Acquired Assets or the Assumed Liabilities
which could be reasonably likely to have a Seller Material Adverse Effect.

 

(j)       Officer’s
Certificate. Buyer shall have received a certificate, dated the Closing Date, of a duly authorized executive officer of each Seller
to the effect that the conditions specified in Section 7.1(a), and Section 7.1(b) above have been fulfilled.

 

(k)       No
Order. No court or other Governmental Entity has issued, enacted, entered, promulgated or enforced any Law or Order (that is final
and non-appealable and that has not been vacated, withdrawn or overturned) restraining, enjoining or otherwise prohibiting the transactions
contemplated by this Agreement.

 

7.2       Conditions
Precedent to the Obligations of Sellers. The obligation of Sellers to consummate the Transactions is subject to the satisfaction (or
written waiver by Sellers) at or prior to the Closing Date of each of the following conditions:

 

(a)       Accuracy
of Representations and Warranties. The representations and warranties of Buyer (i) set forth in Section 5.1 (Organization)
and Section 5.2 (Due Authorization), shall be true and correct in all material respects, and (ii) set forth in Article
5 (other than those described in clause (i)) shall be true and correct (disregarding all qualifications or limitations as to
“materiality” or “Buyer Material Adverse Effect” and words of similar import set forth therein), except where
the failure of such representations or warranties to be true and correct would not reasonably be expected to have a Buyer Material Adverse
Effect, in the case of each of clauses (i) and (ii), as of the Agreement Date and at and as of the Closing as though made
at and as of the Closing (in each case, except to the extent expressly made as of another date, in which case as of such date as if made
at and as of such date).

 

    	 	43	 

    	 

    

 

(b)       Performance
of Obligations. Buyer shall have performed in all material respects all obligations and agreements contained in this Agreement required
to be performed by it on or prior to the Closing Date, including all deliveries required under Section 3.1(c).

 

(c)       Sale
Order. The Bankruptcy Court shall have entered the Sale Order, and no Order staying, reversing, modifying or amending such Sale Order
shall be in effect on the Closing Date.

 

(d)       Officer’s
Certificate. Sellers shall have received a certificate, dated the Closing Date, of a duly authorized executive officer of Buyer to
the effect that the conditions specified in Section 7.2(a) and Section 7.2(b) above have been fulfilled.

 

(e)       No
Order. No court or other Governmental Entity has issued, enacted, entered, promulgated or enforced any Law or Order (that is final
and non-appealable and that has not been vacated, withdrawn or overturned) restraining, enjoining or otherwise prohibiting the transactions
contemplated by this Agreement.

 

7.3       Frustration
of Conditions Precedent. Neither Buyer nor Sellers may rely on the failure of any condition set forth in this Article 7, as
applicable, to be satisfied if such failure was caused by such Party’s failure to use, as required by this Agreement, its reasonable
best efforts to consummate the Transactions contemplated hereby.

 

ARTICLE 8

TERMINATION

 

8.1       Termination
of Agreement. This Agreement may be terminated and the Transactions abandoned at any time prior to the Closing:

 

(a)       by
mutual written agreement of Sellers and Buyer;

 

(b)       by
either Sellers or Buyer:

 

(i)       if
there shall be any Law that makes consummation of the Transactions illegal or otherwise prohibited, or if any Order permanently restraining,
prohibiting or enjoining Buyer or Sellers from consummating the Transactions is entered and such Order shall become final; provided,
however, that no termination may be made by a Party under this Section 8.1(b)(i) if the issuance of such Order was caused
by the material breach of any representations, warranties, covenants or agreements contained in this Agreement by such Party; or

 

(ii)       upon
Sellers’ written agreement to enter into an Alternative Transaction.

 

    	 	44	 

    	 

    

 

(c)       by
Buyer by giving written notice to each Seller if there has been a breach by any Seller of any representation, warranty, covenant, or agreement
contained in this Agreement that would prevent the satisfaction of the conditions to the obligations of Buyer at Closing set forth in
Section 7.1(a) and Section 7.1(b), and such breach has not been waived by Buyer, or, if such breach is curable, cured by
such Seller prior to the earlier to occur of (A) twenty (20) days after receipt of Buyer’s notice of such breach, and (B) the Outside
Date; provided, that Buyer shall not have a right of termination pursuant to this Section 8.1(c) if Sellers could, at such
time, terminate this Agreement pursuant to Section 8.1(i);

 

(d)       by
Buyer, if (i) the DIP Order shall not have been entered by the deadline set forth in this Agreement, (ii) the Bidding Procedures Order
shall not have been entered by the deadline set forth in this Agreement, (iii) the Sale Order shall not have been entered by the deadline
set forth in this Agreement, or (iv) at any time after entry of the DIP Order, the Bidding Procedures Order, and the Sale Order, such
Orders are reversed, stayed for more than fourteen (14) days, vacated or modified to the extent such modifications are reasonably expected
to have a Seller Material Adverse Effect;

 

(e)       by
Buyer, if any Party seeks to have the Bankruptcy Court enter an order dismissing, or converting into a case under chapter 7 of the Bankruptcy
Code, the Bankruptcy Case, or appointing a trustee in the Bankruptcy Case or appointing a responsible officer or an examiner under Bankruptcy
Code section 1106(b);

 

(f)       by
Buyer, upon occurrence of any Seller Material Adverse Effect;

 

(g)       by
Buyer if (i) Sellers consummate an Alternative Transaction, or (ii) Buyer is neither the Successful Bidder nor the Back-Up Bidder following
the Auction;

 

(h)       by
Buyer or Sellers if the Closing shall not have occurred on or before the Outside Date, provided, however that no termination may be made
a Party under this Section 8.1(h) if the failure to close on or before the Outside Date was caused by the material breach of any
representations, warranties, covenants or agreements contained in this Agreement by such Party;

 

(i)       by
Sellers by giving written notice to Buyer if there has been a breach by Buyer of any representation, warranty, covenant, or agreement
contained in this Agreement that would prevent the satisfaction of the conditions to the obligations of Sellers at Closing set forth in
Section 7.2(a) and Section 7.2(b), and such breach has not been waived by Sellers, or, if such breach is curable, cured
by such Buyer prior to the earlier to occur of (A) twenty (20) days after receipt of Sellers’ notice of such breach, and (B) the
Outside Date; provided, that Sellers shall not have a right of termination pursuant to this Section 8.1(i) if Buyers could,
at such time, terminate this Agreement pursuant to Section 8.1(c); or

 

(j)       by
Sellers if the governing body of Sellers determines, upon advice from outside legal counsel, that proceeding with the Transactions or
failing to terminate this Agreement would violate its or such governing body’s fiduciary obligations under applicable Law, including
to pursue an Alternative Transaction. For the avoidance of doubt, and subject to the terms and conditions of this Agreement (including
Buyer’s right to terminate this Agreement in accordance with this Section 8.1), Sellers retain the right to pursue any transaction
or restructuring strategy that, in Seller’s business judgment, will maximize the value of its estates.

 

    	 	45	 

    	 

    

 

Each condition set forth in this Section 8.1 pursuant
to which this Agreement may be terminated shall be considered separate and distinct from each other such condition. If more than one of
the termination conditions set forth in this Section 8.1 is applicable, the applicable Party shall have the right to choose the termination
condition pursuant to which this Agreement is to be terminated.

 

8.2       Consequences
of Termination. In the event of any termination of this Agreement by either or both of Buyer and Sellers pursuant to Section 8.1,
written Notice thereof shall be given by the terminating Party to the other Parties hereto, specifying the provision hereof pursuant to
which such termination is made, this Agreement shall thereupon terminate and become void and of no further force and effect (other than
Section 6.3 (Public Announcements), Section 6.7(g), this Section 8.2 (Consequences of Termination)
and Article 9 (Miscellaneous) and to the extent applicable in respect of such Sections and Article, Article 1 (Definitions)),
and the Transactions shall be abandoned without further action or Liability of any of the Parties hereto, except that such termination
shall not relieve any Party of any Liability for Fraud or breach of this Agreement prior to such termination; provided that, notwithstanding
anything to the contrary herein, subject to Section 9.10(d), (i) the sole and exclusive remedies of Buyer for any breach of this
Agreement by Sellers shall be, if applicable, to terminate this Agreement pursuant to Section 8.1(c), and (ii) in no event shall
Sellers be liable for monetary damages in connection with this Agreement and the Transactions except for payment of the Break-Up Fee and
Expense Reimbursement to the extent payable. Notwithstanding the foregoing, in the event that this Agreement is terminated pursuant to:
(a) any of Section 8.1(b)(ii), 8.1(g) or 8.1(j), Sellers shall pay Buyer the Break-Up Fee; and/or (b) any of Section 8.1(b)(ii), 8.1(c),
8.1(e), 8.1(g), or 8.1(j), then Sellers shall pay Buyer the Expense Reimbursement, in each case as provided under Section 6.7(i).

 

ARTICLE 9

MISCELLANEOUS

 

9.1       Expenses.
Except as set forth in this Agreement, including with respect to the Break-Up Fee and Expense Reimbursement, and whether or not the Transactions
are consummated, each Party hereto shall bear all costs and expenses incurred or to be incurred by such Party in connection with this
Agreement and the consummation of the Transactions.

 

9.2       Assignment.
Neither this Agreement nor any of the rights or obligations hereunder may be assigned by Sellers without the prior written consent of
Buyer, or by Buyer without the prior written consent of Sellers; provided that Buyer may, without the consent of any other party,
assign this Agreement and its rights and obligations hereunder in whole or in part to any Affiliate; provided further, that Buyer
shall remain jointly and severally liable with such Affiliate for Buyer’s obligations hereunder. Subject to the foregoing, this
Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and permitted assigns,
including any liquidating trustee, responsible Person or similar representative for Sellers or Sellers’ estate appointed in connection
with the Chapter 11 Cases.

 

9.3       Parties
in Interest. This Agreement shall be binding upon and inure solely to the benefit of Sellers (and their estates), Buyer and their
respective successors or permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any
other Person any rights, benefits or remedies of any nature whatsoever under or by reason of this Agreement except as expressly set forth
herein.

 

    	 	46	 

    	 

    

 

9.4       Notices.
All notices, demands, requests, consents, approvals or other communications (collectively, “Notices”) required or permitted
to be given hereunder or that are given with respect to this Agreement shall be in writing and shall be personally served, delivered by
a nationally recognized overnight delivery service with charges prepaid, or transmitted by hand delivery, or facsimile or electronic mail,
addressed as set forth below, or to such other address as such Party shall have specified most recently by written Notice. Notice shall
be deemed given on the date of service or transmission if personally served or transmitted by facsimile or electronic mail with confirmation
of receipt; provided that if delivered or transmitted on a day other than a Business Day or after 5:00 p.m. New York time,
notice shall be deemed given on the next Business Day. Notice otherwise sent as provided herein shall be deemed given on the next Business
Day following timely deposit of such Notice with an overnight delivery service:

 

	If to any Seller:	
    EYP Group Holdings, Inc.

    201 Fuller Road, 5th Floor

    Albany, New York 12203

    Attention: Kefalari L. Mason

    Email:     kmason@eypae.com

	 	 
	With copies to:	
    DLA Piper LLP (US)

    444 West Lake Street

    Chicago, Illinois 60606

	 	Attention: 	Richard A. Chesley
	 	Email:  	richard.chesley@us.dlapiper.com
	 	 
	If to Buyer:	
    Ault Alliance, Inc.

    1141 Southern Highlands Parkway, Suite 240

    Las Vegas, NV 89141

	 	Attention:	Christopher Wu

Henry Nisser
	 	Email:	christopher@bitnile.com

henry@bitnile.com
	 	 
	With copies to:	
    Mintz Levin Cohn Ferris Glovsky and Popeo, P.C.

    2029 Century Park East

    Suite 3100

    Los Angeles, California 90067

	 	Attention: 	Abigail V. O’Brient
	 	Email:	aobrient@mintz.com

 

Rejection of or refusal to
accept any Notice, or the inability to deliver any Notice because of changed address of which no Notice was given, shall be deemed to
be receipt of the Notice as of the date of such rejection, refusal or inability to deliver.

 

9.5       Choice
of Law. Except to the extent the mandatory provisions of the Bankruptcy Code apply, this Agreement shall be construed and interpreted,
and the rights of the Parties shall be determined, in accordance with the Laws of the State of Delaware, without giving effect to any
provision thereof that would require or permit the application of the substantive laws of any other jurisdiction.

 

    	 	47	 

    	 

    

 

9.6       Entire
Agreement; Amendments and Waivers. This Agreement, the Disclosure Schedules, the Exhibits hereto, the Sale Order, and all Transaction
Documents and all certificates and instruments delivered pursuant hereto and thereto constitute the entire agreement among the Parties
pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations, and discussions, whether oral
or written, of the Parties. This Agreement may be amended, supplemented or modified, and any of the terms, covenants, representations,
warranties or conditions may be waived, only by a written instrument executed by Buyer and Sellers, or in the case of a waiver, by the
Party waiving compliance. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other
provision hereof (whether or not similar), and no such waiver shall constitute a continuing waiver unless otherwise expressly provided.

 

9.7       Counterparts;
Facsimile and Electronic Signatures. This Agreement may be executed in one or more counterparts, each of which shall be deemed an
original, and all of which together shall constitute one and the same instrument. Counterparts to this Agreement may be executed via physical
or electronic signature and delivered via facsimile, electronic mail, or other means of electronic transmission. In proving this Agreement,
it shall not be necessary to produce or account for more than one such counterpart signed by the Party against whom enforcement is sought.

 

9.8       Severability.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provisions
of this Agreement. In the event that any of the provisions of this Agreement shall be held by a court or other tribunal of competent jurisdiction
to be illegal, invalid or unenforceable, such provisions shall be limited or eliminated only to the minimum extent necessary so that this
Agreement shall otherwise remain in full force and effect.

 

9.9       Headings.
The table of contents and the headings of the Articles and Sections herein are inserted for convenience of reference only and are not
intended to be a part of, or to affect the meaning or interpretation of, this Agreement.

 

9.10       Exclusive
Jurisdiction; Specific Performance.

 

(a)       Subject
to Section 9.10(b), without limiting any Party’s right to appeal any order of the Bankruptcy Court, (i) the Bankruptcy
Court shall retain exclusive jurisdiction to enforce the terms of this Agreement and to decide any Claims or disputes which may arise
or result from, or be connected with, this Agreement, any breach or default hereunder, or the Transactions, and (ii) any and all
Proceedings related to the foregoing shall be filed and maintained only in the Bankruptcy Court, and the Parties hereby consent to and
submit to the jurisdiction and venue of the Bankruptcy Court and shall receive Notices at such locations as indicated in Section 9.4.
For the avoidance of doubt, this Section 9.10 shall not apply to any Claims that Buyer or its Affiliates may have against
any third party following the Closing.

 

    	 	48	 

    	 

    

 

(b)       Notwithstanding
anything herein to the contrary, in the event the Chapter 11 Cases of Sellers are closed or dismissed, the Parties hereby agree that all
Claims or disputes which may arise or result from, or be connected with, this Agreement, any breach or default hereunder, or the Transactions,
shall be heard and determined exclusively in any federal court sitting in the District of Delaware or, if that court does not have subject
matter jurisdiction, in any state court located in Delaware (and, in each case, any appellate court thereof), and the Parties hereby consent
to and submit to the jurisdiction and venue of such courts.

 

(c)       Buyer
acknowledges that Sellers would be damaged irreparably in the event that the terms of this Agreement are not performed by Buyer in accordance
with its specific terms or otherwise breached or Buyer fails to consummate the Closing and that, in addition to any other remedy that
Sellers may have under law or equity, Sellers shall be entitled to seek injunctive relief to prevent breaches of the terms of this Agreement
and to seek to enforce specifically the terms and provisions hereof that are required to be performed by Buyer. Buyer further agrees that
Sellers shall not be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining
any remedy referred to in this Section 9.10, and irrevocably waives any right it may have to require the obtaining, furnishing or posting
of any such bond or similar instrument.

 

(d)       Sellers
acknowledge that Buyer would be damaged irreparably in the event that the terms of this Agreement are not performed by Sellers in accordance
with its specific terms or otherwise breached or Sellers fail to consummate the Closing and that, in addition to any other remedy that
Buyer may have under law or equity, Buyer shall be entitled to seek injunctive relief to prevent breaches of the terms of this Agreement
and to seek to enforce specifically the terms and provisions hereof that are required to be performed by Sellers. Sellers further agree
that Buyer shall not be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining
any remedy referred to in this Section 9.10, and irrevocably waives any right it may have to require the obtaining, furnishing
or posting of any such bond or similar instrument.

 

9.11       WAIVER
OF RIGHT TO TRIAL BY JURY. SELLERS AND BUYER HEREBY WAIVE TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT THEY MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). FOR THE AVOIDANCE OF DOUBT, THIS SECTION 9.11 SHALL
NOT APPLY TO ANY CLAIMS THAT BUYER OR ITS AFFILIATES MAY HAVE AGAINST ANY THIRD PARTY FOLLOWING THE CLOSING.

 

    	 	49	 

    	 

    

 

9.12       Survival.
Each and every representation and warranty contained in this Agreement shall expire and be of no further force and effect as of the Closing.
Each and every covenant and agreement contained in this Agreement (other than the covenants contained in this Agreement which by their
terms are to be performed (in whole or in part) by the Parties following the Closing (each, a “Post-Closing Covenant”))
shall expire and be of no further force and effect as of the Closing. Each Post-Closing Covenant shall survive the Closing until the earlier
of (a) performance of such Post-Closing Covenant in accordance with this Agreement or, (b) (i) if time for performance of such Post-Closing
Covenant is specified in this Agreement, sixty (60) days following the expiration of the time period for such performance or (ii) if time
for performance of such Post-Closing Covenant is not specified in this Agreement, sixty (60) days following the expiration of the applicable
statute of limitations with respect to any claim for any failure to perform such Post-Closing Covenant; provided that if a written
notice of any claim with respect to any Post-Closing Covenant is given prior to the expiration thereof then such Post-Closing Covenant
shall survive until, but only for purposes of, the resolution of such claim by final, non-appealable judgment or settlement.

 

9.13       Computation
of Time. In computing any period of time prescribed by or allowed with respect to any provision of this Agreement that relates to
Seller or the Chapter 11 Cases, the provisions of Bankruptcy Rule 9006(a) shall apply.

 

9.14       Time
of Essence. Time is of the essence of this Agreement.

 

9.15       Non-Recourse.
No past, present or future director, manager, officer, employee, incorporator, member, partner or equity holder of Buyer or Sellers shall
have any Liability for any Liabilities of Buyer or Sellers, respectively, under this Agreement or for any Claim based on, in respect of,
or by reason of the Transactions. This Agreement may only be enforced against, and any Claim, action (including in the Chapter 11
Case), suit, Proceeding or investigation based upon, arising out of or related to this Agreement may only be brought against, the Persons
that are expressly named as parties to this Agreement.

 

9.16       Disclosure
Schedules. Except as set forth in this Agreement, the inclusion of any information (including dollar amounts) in Disclosure Schedules
shall not be deemed to be an admission or acknowledgment by any Party that such information is required to be listed on such section of
the relevant schedule or is material to or outside the Ordinary Course of Business of any Person. The information contained in this Agreement,
the exhibits hereto and the Disclosure Schedules is disclosed solely for purposes of this Agreement, and no information contained herein
or therein shall be deemed to be an admission by any Party to any third party of any matter whatsoever (including any violation of any
Law or breach of contract). Unless the context otherwise requires, all capitalized terms used in the Disclosure Schedules shall have the
respective meanings assigned in this Agreement. The Disclosure Schedules set forth items of disclosure with specific reference to the
particular Section or subsection of this Agreement to which the information in the Disclosure Schedules relates; provided, however,
that any information set forth in one Schedule to the Disclosure Schedules will be deemed to apply to each other section or subsection
thereof to which its relevance is reasonably apparent on its face. From the Agreement Date to three (3) Business Days prior to the Closing,
Sellers have the continuing obligation to (a) promptly supplement, modify, or amend the information set forth on the Disclosure Schedules
with respect to any matter hereafter arising or discovered after the Agreement Date which, if existing or known at the Agreement Date,
would have been required to have been set forth on such Disclosure Schedules, and (b) if necessary or appropriate to correct any inaccuracy
in a representation made by Sellers resulting from any matter hereafter arising or discovered after the Agreement Date, to promptly add
a schedule to the Disclosure Schedules with a corresponding reference in this Agreement (such hereafter arising or discovered information,
the “Updating Information”). Sellers shall provide Buyer written notice within two (2) Business Days of becoming aware
of the need for any Updating Information.

 

    	 	50	 

    	 

    

 

9.17       Sellers’
Representative; Dealings Among Sellers. By its execution and delivery of this Agreement, each Seller hereby irrevocably constitutes
and appoints EYP as its true and lawful agent and attorney-in-fact (the “Sellers’ Representative”), with full
power of substitution to act in such Seller’s name, place and stead with respect to all Transactions and all terms and provisions
of this Agreement, and to act on such Seller’s behalf in any Proceeding, and to do or refrain from doing all such further acts and
things, and execute all such documents as Sellers’ Representative shall deem necessary or appropriate in connection with the Transactions.
The appointment of Sellers’ Representative shall be deemed coupled with an interest and shall be irrevocable, and Buyer, its Affiliates
and any other Person may conclusively and absolutely rely, without inquiry, upon any action of Sellers’ Representative on behalf
of Sellers in all matters referred to herein or contemplated hereby including any direction regarding the amount of any payment to any
Seller. Buyer shall have no obligation of any nature whatsoever for determining any allocation of any payments among Sellers. Without
limiting the generality of the foregoing, absent specific direction by Sellers’ Representative, Buyer shall be deemed to have fulfilled
its obligations hereunder absolutely with respect to any amounts payable by it under or pursuant to this Agreement or the delivery of
any instruments if Buyer shall pay any such amounts or deliver such instruments to Sellers’ Representative. All Notices delivered
by Buyer (whether prior to or following the Closing) to Sellers’ Representative (whether pursuant hereto or otherwise) for the benefit
of Sellers shall constitute valid and timely Notice to all of Sellers.

 

9.18       Mutual
Drafting. This Agreement is the result of the joint efforts of Buyer and Sellers, and each provision hereof has been subject to the
mutual consultation, negotiation and agreement of the Parties and there is to be no construction against any Party based on any presumption
of that Party’s involvement in the drafting thereof.

 

9.19       Fiduciary
Obligations. Nothing in this Agreement, or any document related to the Transactions contemplated hereby, without limiting in any way
Buyer’s rights and remedies set forth in this Agreement, will require Sellers or any of its governing bodies, directors, officers
or members, in each case, in their capacity as such, to take any action, or to refrain from taking any action, to the extent inconsistent
with their fiduciary obligations.

 

9.20       No
Right of Set-off. Except as otherwise provided herein, including with respect to the Secured Debt, Buyer and its respective successors
and permitted assigns hereby waives any rights of set-off, netting, offset, recoupment, or similar rights that Buyer or any of its successors
and permitted assigns has or may have with respect to the payment of the Purchase Price or any other payments to be made by Buyer pursuant
to this Agreement, any Transaction Documents, or any other document or instrument delivered by Buyer in connection herewith.

 

[Remainder of Page Intentionally Left Blank]

 

    	 	51	 

    	 

    

 

IN WITNESS WHEREOF,
this Agreement has been duly executed and delivered by the duly authorized officers of Sellers and Buyer as of the date first above written.

 

	 	BUYER: 	 
	 	 	 	 
	 	AULT ALLIANCE, INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	Name: Christopher Wu	 
	 	 	Title: President	 

 

 

 

[Signature
Page to Asset Purchase Agreement]

 

    	 		 

    	 

    

 

IN WITNESS WHEREOF, this Agreement has been
duly executed and delivered by the duly authorized officers of Sellers and Buyer as of the date first above written.

SELLER:

	 	EYP GROUP HOLDINGS, INC.,	 
	 	a Delaware corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EYP HOLDINGS, INC.,	 
	 	a Delaware corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EYP, INC.,	 
	 	a Massachusetts corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EYP ARCHITECTURE & ENGINEERING, P.C.,	 
	 	a New York professional corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 

 

 

[Signature
Page to Asset Purchase Agreement]

 

    	 		 

    	 

    

 

	 	EYP ARCHITECTURE & ENGINEERING OF CT, INC.,	 
	 	a Connecticut corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EYP ARCHITECTURE & ENGINEERING OF NJ, INC.,	 
	 	a New Jersey corporation	 
	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	EYPAE, INC.,	 
	 	a Massachusetts corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	WHR ARCHITECTURE, PC,	 
	 	a Texas professional corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	WHR DESIGN, P.C.,	 
	 	a Texas professional corporation	 
	 	 	 	 
	 	By:   	 	 
	 	 	Name: Kefalari Mason	 
	 	 	Title: Authorized Officer	 

 

 

 

[Signature
Page to Asset Purchase Agreement]Exhibit 10.2

 

Summary of Proposed Terms and Conditions For

Senior Secured, Superpriority

Debtor-in-Possession Financing

 

Date: April 22, 2022

 

The following term sheet (the “Term Sheet”)
represents a summary of certain terms and conditions by which Ault Alliance, Inc. (the “DIP Lender”) would be willing
to consider entering into a Senior Secured Superpriority Debtor-in-Possession Postpetition Credit Facility with the Debtors (as defined
below) in connection with the Debtors’ anticipated chapter 11 bankruptcy cases (the “Chapter 11 Cases”).

 

This Term Sheet is for discussion purposes only,
and is not, and will not be deemed to be, a commitment, agreement, offer or assurance to provide or arrange any financing on these or
any other terms and conditions unless and until (i) all conditions precedent set forth herein, including any modifications or supplements
hereinafter requested by the DIP Lender, are satisfied or waived in the sole discretion of the DIP Lender, (ii) the DIP Lender agrees
to and executes this Term Sheet in form and substance acceptable to the DIP Lender in its sole discretion, and (iii) a United States Bankruptcy
Court (the “Bankruptcy Court”), in connection with the Chapter 11 Cases, authorizes and approves the DIP Facility on
terms and conditions, including any modifications or supplements thereto, which are satisfactory to the DIP Lender in its sole discretion
and pursuant to order(s) of the Bankruptcy Court in form and substance acceptable to the DIP Lender in its sole discretion.

 

	Borrowers/Debtors 	EYP, Inc., EYP Group Holdings, Inc., EYP Holdings, Inc., EYP Architecture & Engineering, P.C., EYP Architecture & Engineering of CT, Inc., EYP Architecture & Engineering of NJ, Inc., EYPAE, Inc., WHR Architecture, PC, and WHR Design, P.C. (collectively the “Debtors” and each a “Debtor”), as debtors and debtors in possession under title 11 of chapter 11 of the United States Code (the “Bankruptcy Code”).
	DIP Lender	Ault Alliance, Inc.
	DIP Facility	
    The DIP Lender shall extend to the Debtors as
    joint and several obligors a secured debtor-in-possession credit facility made available to the Debtors in a principal amount of up to
    $5,000,000 (the “DIP Facility”), comprised of new term loans made by, and other obligations owed to, the DIP Lender
    on, and from time to time after, the Closing Date (as defined herein) (such new loans and obligations, the “DIP Loans”
    and commitments with respect to such DIP Loans, the “DIP Commitments”) to be funded as set forth below under the heading
    “Availability and Draw Procedure”, subject to the entry of an interim order (the “Interim Order”) and final
    order (the “Final Order” and collectively with the Interim Order, the “DIP Orders”), as applicable,
    by the Bankruptcy Court approving the DIP Facility. All DIP Loans and other obligations outstanding under the DIP Facility shall become
    due and payable on the Maturity Date (as defined below).

     

    As used herein, the terms Interim Order and
Final Order mean an unstayed order in form and substance satisfactory to the DIP Lender in its sole discretion, entered upon an application
or motion of the Debtors that is in form and substance satisfactory to the DIP Lender, which order: (i) authorizes the Debtors to enter
into the transactions contemplated by this Term Sheet, including the authorization to borrow under the DIP Facility on the terms set
forth herein, (ii) grants the superpriority claim status and senior priming and other liens contemplated in this Term Sheet, (iii) subject
to entry of the Final DIP Order, contains provisions prohibiting claims against the collateral of the Prepetition Secured Party (as defined
below) or the DIP Lender pursuant to 11 U.S.C. § 506(c), a waiver of any “equities of the case” exception under section
552(b) of the Bankruptcy Code, and a waiver of the equitable doctrine of marshalling (iv) approves payment by the Debtors of all of the
fees and expenses provided for herein, and (v) shall not have been stayed, vacated, reversed or rescinded or, without the prior written
consent of the DIP Lender in its sole discretion, amended or modified. 

 

    	 	 	 

    	 

    

 

	Availability and 

Draw Procedure	
    The DIP Facility shall be made available for the
    purposes set forth below under the heading “Use of DIP Loan Proceeds” (1) in a principal amount of up to $2.5 million on or
    after the first business day following entry of the Interim Order and satisfaction of the conditions under the heading “Conditions
    Precedent to the Closing” herein (the “Initial Draw”), and (2) in an additional principal amount of $5 million
    less the total amount of Initial Draws on or after the first business day following the entry of the Final Order (the “Final
    Draw” and together with the Initial Draw, each a “Draw” and collectively the “Draws”),
    subject to, in each case of the foregoing clauses (1) and (2), (a) no Default or Event of Default having occurred and be continuing as
    of the date of such Draw, (b) the representations and warranties set forth herein shall be true and correct in all material respects as
    of the date of such Draw (unless (i) such representation or warranty, by its terms, expressly relates to another date, in which case such
    representation or warranty shall have been true and correct in all material respects on and as of such earlier date or (ii) such representation
    and/or warranty is already qualified by materiality or Material Adverse Effect or similar language, in which case such representation
    and warranty shall be true and correct in all respects, as of such date), (c) compliance with the Sale Milestones (as defined herein)
    as of the date of such Draw.

     

    Requests for Draws by the Debtors shall be honored
    by the DIP Lender in accordance with the following procedures:

     

    a.     Written
    Request. Other than with respect to the Initial Draw, the Debtors shall have delivered to the DIP Lender a written request for a Draw
    at least ten (10) business days prior to the date that the Draw will be transferred to the Debtors. The request shall (i) specify the
    amount of the Draw, (ii) state the date that the Draw is requested, (iii) provide wiring instructions for the Draw, (iv) certify the Draw
    is consistent with the categories, amounts and timing of the Approved Budget, and (v) certify that all conditions set forth above with
    respect to the Draws are and will be satisfied as of the date of the request and the date of the Draw.

     

    b.     Amount.
On or after the first business day following entry of the Interim Order, the Debtors shall Draw $1.5 million from the DIP Facility. All
other Draws shall be either in the amount of $500,000.00 or in multiples of $500,000.00; provided, however, that the Debtors shall
not make more than three Draws following entry of the Final Order. 

	Documentation	Any documentation in respect of the DIP Facility (collectively, the “Documentation”), including, without limitation, a secured DIP promissory note (the “DIP Note”) and all motions relating thereto, shall be in form and substance reasonably acceptable to the DIP Lender and its counsel; provided that on the Closing Date, this Term Sheet shall govern the terms of the DIP Facility (including, for the avoidance of doubt, the affirmative covenants, negative covenants (including financial covenants) and events of default described herein). Any Documentation shall be consistent with the terms and conditions set forth in the Term Sheet (other than to the extent any additional representations and warranties or covenants are contained in ancillary documentation (including collateral agreements and/or guarantees), which such representations and warranties or covenants shall be reasonably acceptable to the DIP Lender and the Debtors).

 

    	 	 	 

    	 

    

 

	Roll-Up Obligations	The DIP Orders shall provide for a deemed roll-up of the $6,536,441.10 of the Debtors’ prepetition secured debt obligations owed to the Prepetition Secured Party (as defined herein) (the “Roll-Up Obligations”), with one-half (1/2) of Roll-Up Obligations being approved in the Interim Order, and the remaining Roll-Up Obligations being approved in the Final Order.
	Interest Rates 	The principal balance of the DIP Facility (the “Principal Balance”) shall be comprised of the aggregate amounts available under the DIP Facility minus any voluntary, mandatory or other prepayments, other than payments of fees, costs and interest, made to the DIP Lender by or on behalf of the Debtors.  Interest shall accrue on the Principal Balance based on the portion of the Principal Balance the Debtors have actually drawn, at a per annum fixed rate of 12%; provided that, after the occurrence and during the continuance of an Event of Default, interest shall accrue at the fixed rate of 2% above the then applicable rate thereof.  All interest shall be paid monthly (in arrears on the first day of immediately following month) in kind with such interest added to any credit bid by the DIP Lender in connection the purchase of the Debtors’ assets under a section 363 sale in the Chapter 11 Cases; provided, however, that interest shall be payable on the Maturity Date by wire transfer in the event the Debtors’ assets are not sold to the DIP Lender pursuant to a credit bid in a section 363 sale consummated prior to the Maturity Date.  All interest will be calculated using a 360-day year and actual days elapsed.  
	Fees	
    Commitment Fee: 2.0% of the Principal Balance,
    earned and due upon entry of the Interim Order, to be added to the Principal Balance.

     

    Exit Fee: 2.0% of the Principal Balance,
earned and due upon occurrence of the Maturity Date, to be added to the Principal Balance. 

	Maturity Date	The maturity date (“Maturity Date”) shall be the earliest to occur of (i) June 30, 2022; (ii) the closing date following entry of one or more final orders approving the sale of all or substantially all of the assets belonging to the Debtors in the Chapter 11 Cases, (iii) the acceleration of any outstanding DIP Loans following the occurrence of an uncured Event of Default (as defined herein), or (iv) entry of an order by the Bankruptcy Court in the Chapter 11 Cases either (a) dismissing such case or converting such Chapter 11 Case to a case under Chapter 7 of the Bankruptcy Code, or (b) appointing a Chapter 11 trustee or an examiner with enlarged powers relating to the operation of the business of the Debtors (i.e., powers beyond those set forth in sections 1106(a)(3) and (4) of the Bankruptcy Code), in each case without the consent of the DIP Lender. All amounts outstanding under the DIP Facility shall be due and payable in full, and the DIP Commitments thereunder shall terminate, on the Maturity Date.
	Closing Date	As used herein, the term “Closing Date” shall mean the date on which each of the conditions specified under the heading “Conditions Precedent to the Closing” below shall have been satisfied (or waived by the DIP Lender). The Closing Date shall occur as promptly as is practical after the entry of the Interim Order by the Bankruptcy Court.

 

    	 	 	 

    	 

    

 

	Use of DIP Loan 

Proceeds	
    The Debtors will be permitted to use the proceeds
    of the DIP Facility to fund the operational, employee, and other costs of the Debtors, including, without limitation, payments authorized
    to be made under “first day” or “second day” orders, and payments related to the working capital and other general
    corporate purposes of the Debtors, including the payment of professional fees and expenses, and, in each case, consistent with, subject
    to, and within the categories and limitations contained in, the Approved Budget (as defined herein) (the “Permitted Uses”).

     

    No portion of the proceeds under the DIP
Facility or any cash collateral subject to the liens of the Prepetition Secured Party or the DIP Lender may be utilized for the payment
of professional fees and disbursements incurred in connection with any challenge to (i) the amount, extent, priority, validity, perfection
or enforcement of the indebtedness of the Debtors owing to the Prepetition Secured Party or the DIP Lender, or (ii) liens or security
interests in the collateral securing such indebtedness, including challenges to the perfection, priority or validity of the liens granted
in favor of the Prepetition Secured Party or the DIP Lender with respect thereto; provided, notwithstanding anything to the contrary
herein, no more than an aggregate of $25,000 of the Carve-Out (as defined below) may be used by the official committee of unsecured creditors
in the Chapter 11 Cases (the “Committee”) to investigate the matters described in the foregoing clauses (i) and (ii)
prior to the date of the hearing to approve the Bankruptcy Sale (as defined below). 

	Approved Budget	“Approved Budget” shall mean the rolling consolidated 9-week cash flow and financial projections of the Debtors covering the period ending on June 24, 2022, and itemizing on a weekly basis all uses, and anticipated uses, of the DIP Facility, revenues or other payments projected to be received and all expenditures proposed to be made during such period, which shall at all times be in form and substance reasonably satisfactory to the DIP Lender, which Approved Budget may be amended with the consent of the DIP Lender.
	Budget – Permitted 

Variance	
    The Debtors shall not make or commit to make any
    payments other than those identified in the Approved Budget. The Debtors shall not permit aggregate expenditures under the Approved Budget
    to exceed one hundred and fifteen percent (115%) of the total budgeted expenses or aggregate cash receipts under the Approved Budget to
    be less than eighty-five percent (85%) of the total budgeted cash receipts, in each case calculated on a rolling two-week basis commencing
    as of the date of commencement of the Chapter 11 Cases (the “Petition Date”), with the first such testing to begin
    two weeks after the Petition Date.

     

    Subject to the provisions of this Term Sheet,
including the subsection entitled “Availability and Draw Procedure”, budgeted expenditures and cash receipts may be paid
and received, as applicable, in an earlier or later period in the reasonable discretion of the Debtors, in which event, the Approved
Budget shall be deemed so amended for the purpose of calculating variances. 

	Reporting 	After entry of the Interim Order, the Debtors shall provide to the DIP Lender, as soon as available but no later than 5:00 p.m. Eastern Time on the last Friday of the rolling two-week period, a budget variance and reconciliation report setting forth: (i) a comparative reconciliation, on a line-by-line basis, of actual cash receipts and disbursements against the cash receipts and disbursements forecast in the Approved Budget, and (ii) the percentage variance of the aggregate receipts and aggregate disbursements, for (A) the rolling two-week period ended on (and including) the last Sunday of the two-week reporting period and (B) the cumulative period to date and (iii) projections for the following nine weeks, including a rolling cash receipts and disbursements forecast for such period.

 

    	 	 	 

    	 

    

 

	Repayment	Except for Mandatory Prepayments (as described below), no repayments of any Draws under the DIP Facility shall be due until the Maturity Date.  Upon the Maturity Date, the unpaid Principal Balance, together with all unpaid interest, fees, costs, expenses and any other amounts due under the DIP Facility shall be due and payable immediately in full without demand by the DIP Lender or consent or action by the Bankruptcy Court.
	Voluntary 

Prepayments	The Debtors may voluntarily prepay the Principal Balance at any time without penalty or premium.
	Mandatory 

Prepayments	Except as otherwise provided in the Approved Budget, mandatory repayments of any Draws under the DIP Facility shall be required in an amount equal to (i) 100% of the net sale proceeds from non-ordinary course asset sales of the Collateral (including, without limitation, a sale of all or substantially all of the Debtors' assets), (ii) 100% of the proceeds of the incurrence of any indebtedness other than in the ordinary course of business, (iii) 100% of insurance proceeds received by the Debtors (only in the event that such receipt is an extraordinary receipt that relates to an acquired asset and exceeds $250,000), and (iv) any condemnation proceeds received by the Debtors.
	Security/Priority	
    Subject to the Carve Out (as defined below), all
    amounts owing by the Debtors under the DIP Facility shall be joint and several as to each Debtor and (a) will be entitled to superpriority
    claim status pursuant to section 364(c)(1) of the Bankruptcy Code with priority over any or all administrative expense claims of every
    kind and nature whatsoever, and (b) will be secured by a perfected security interest pursuant to section 364(c)(2), section 364(c)(3)
    and section 364(d) of the Bankruptcy Code with priority over the security interest securing Debtors’ existing secured credit facilities
    and other indebtedness (the “Existing Indebtedness”), including the Debtors’ obligations owing to Ault Alliance,
    Inc. (the “Prepetition Secured Party”) under and in connection with that certain Credit Agreement, dated as of June
    28, 2016 (as amended and supplemented, the “Credit Agreement”), pursuant to section 364(d)(1) of the Bankruptcy Code
    in all of the assets of the Debtors, as further described in the “Collateral” section below.

     

    The relative priority of all amounts owed under
    the DIP Facility will be subject only to a carve-out for (collectively, the “Carve-out”):

     

    (i)           the
    costs and administrative expenses permitted to be incurred by any Chapter 7 trustee under Section 726(b) of the Bankruptcy Code pursuant
    to an order of the Bankruptcy Court following any conversion of the Chapter 11 Cases pursuant to section 1112 of the Bankruptcy Code in
    an amount not to exceed $25,000;

     

    (ii)         the
    (a) fees and expenses projected in the Approved Budget and incurred by the Debtors’ professionals or the professionals of the Committee
    prior to an Event of Default and allowed by the Bankruptcy Court, plus (b) up to $150,000 in the aggregate to pay any allowed fees and
    expenses incurred by the Debtors’ professionals following occurrence of an Event of Default, plus (c) up to $25,000 in the aggregate
    to pay any allowed fees and expenses incurred by the Committee following the occurrence of an Event of Default; and

     

    (iii)        the
    payment of fees pursuant to 28 U.S.C. § 1930.

     

    Nothing herein shall be construed as impairing
    the ability of any party to object to any fees and expenses of a professional in the Chapter 11 Cases.

     

    All of the liens described herein shall be
effective and perfected as of the entry of any DIP Order and without the necessity of the execution of mortgages, security agreements,
pledge agreements, financing statements or other agreements. 

 

    	 	 	 

    	 

    

 

	Separate Cash 

Accounts	
    The proceeds of the DIP Facility and all other
    cash from operation of the Debtors during the period in which the DIP Facility is in place shall be maintained in one or more segregated
    accounts over which the DIP Lender shall have a Lien as described above.

     

    The Debtors shall also enter into an account
control agreement promptly with respect to any account as and when directed by the DIP Lender. 

	Collateral	
    All amounts owing by the Debtors under the DIP
    Facility in respect thereof will be secured by a first priority perfected security interest in and lien on all assets (tangible, intangible,
    real, personal and mixed) of the Debtors, including, without limitation, any collateral granted in respect of the Credit Agreement, whether
    now owned or hereafter acquired, including, without limitation, deposit and other accounts, inventory, equipment, receivables, capital
    stock or other ownership interest in subsidiaries, investment property, instruments, chattel paper, real estate, leasehold interests,
    contracts, patents, copyrights, trademarks, and other general intangibles, and all products and proceeds thereof, and, upon entry of the
    Final DIP Order, any proceeds of avoidance actions available to the Debtors’ bankruptcy estates (the “Collateral”),
    subject only to the Carve-Out. The DIP Lender shall have a first priority lien as described in the "Security/Priority" section
    herein on all Collateral.

     

    The DIP Facility shall be the joint and several
obligation of each Debtor and the DIP Lender may exercise its rights with respect to any asset or grouping of assets, through foreclosure
or otherwise. Subject to entry of the Final DIP Order, the Debtors shall waive and the DIP Orders shall prohibit marshalling of any of
the Collateral or other interest of the DIP Lender or under any similar theory. 

	Prepetition Secured 

Claims/Adequate 

Protection	
    The Prepetition Secured Party shall consent to
    the Debtors’ use of Cash Collateral (as that term is defined in the Bankruptcy Code) of the Prepetition Secured Party for the Permitted
    Uses. The DIP Orders shall provide as adequate protection to the Prepetition Secured Party for the Debtors’ use of the Prepetition
    Secured Party’s Cash Collateral the following: (i) cash payments of interest as set forth on the Approved Budget, (ii) current cash
    reimbursement of actual, reasonable, and documented fees and expenses and other disbursements of the Prepetition Secured Party, incurred
    in connection with the Chapter 11 Cases, and (iii) replacement liens on accounts receivable generated postpetition and superpriority claims
    to the extent of diminution in the value of the Prepetition Secured Party’s collateral (excluding diminutions caused by funds used
    to make payments related to the Credit Agreement), all as more specifically set forth in the DIP Orders. In addition, the Prepetition
    Secured Party shall receive copies of all reports and other information provided to the DIP Lender.

     

    Subject to entry of the Final Order, the
liens and claims of the Prepetition Secured Party shall not be subject to marshalling or sections 551 or 552(b) of the Bankruptcy Code,
nor shall the Prepetition Secured Party’s collateral be surcharged pursuant to section 506(c) of the Bankruptcy Code or otherwise,
except as otherwise provided herein. 

 

    	 	 	 

    	 

    

 

	Conditions 

Precedent to the 

Closing	
    The obligations of the DIP Lender to consummate
    the transactions contemplated herein and to make the DIP Facility available to the Debtors are subject to the satisfaction, in each case
    in the sole judgment of the DIP Lender, of the following:

     

    ·     The
    Debtors shall have paid all fees and expenses (including reasonable fees and out-of-pocket expenses of counsel) required to be paid to
    the DIP Lender and/or Prepetition Secured Party on or before the Closing Date.

     

    ·     All
    motions and other documents to be filed with and submitted to the Bankruptcy Court in connection with the DIP Facility and the approval
    thereof shall comply with the terms of this Term Sheet and be in form and substance reasonably satisfactory to the DIP Lender and/or Prepetition
    Secured Party.

     

    ·     The
    Interim Order shall be in full force and effect, and shall not have been appealed, reversed, modified, amended, stayed for a period of
    five (5) business days or longer, vacated or subject to a stay pending appeal, in the case of any modification, amendment or stay pending
    appeal, in a manner, or relating to a matter, that is or may be materially adverse to the interests of the DIP Lender.

     

    ·     The
DIP Lender shall have received and approved the Approved Budget. 

	Conditions 

Precedent to Each 

Draw	
    On the Closing Date and the funding date of each
    Draw, the following conditions precedent shall have been satisfied:

     

    ·     Each
    of the Interim Order or Final Order, as the case may be, shall be in a form that is acceptable to the DIP Lender in its sole and absolute
    discretion;

     

    ·     The
    Interim Order or Final Order, as the case may be, shall be in full force and effect, and shall not have been reversed, modified, amended,
    stayed for a period of five business days or longer, vacated or subject to a stay pending appeal, in the case of any modification, amendment
    or stay pending appeal, in a manner, or relating to a matter, that is materially adverse to the interests of the DIP Lender;

     

    ·     The
    Debtors’ use of the proceeds is consistent with the Approved Budget;

     

    ·     There
    shall be no uncured Event of Default; and

     

    ·     The
representations and warranties of the Debtors shall be true and correct immediately prior to, and after giving effect to, funding, as
qualified in “Availability and Draw Procedure.” 

	Representations and 

Warranties	As set forth on Schedule A.

 

    	 	 	 

    	 

    

 

	Affirmative, 

Negative and 

Financial Covenants	As set forth on Schedule B.
	Sale Milestones	
    The Debtors shall comply with the following milestones
    for a sale of substantially all of the Debtors’ assets (a “Bankruptcy Sale”) in the Chapter 11 Cases (the “Sale
    Milestones”):

     

    ·      On
    or before May 10, 2022 an order, approving bidding procedures and the terms of an auction, on terms and in a form acceptable to DIP Lender,
    shall have been entered by a Bankruptcy Court;

     

    ·      On
    or before June 8, 2022 an auction in connection with the Bankruptcy Sale shall have occurred;

     

    ·      On
    or before June 16, 2022 an order approving the Bankruptcy Sale to the stalking horse bidder or winner of the auction, as applicable, shall
    have been entered by a Bankruptcy Court; and

     

    ·      On
or before June 30, 2022, or such later date as the DIP Lender shall agree in writing, the Bankruptcy Sale shall been consummated. 

	Events of Default	
    The occurrence of any one or more of the following
    shall constitute an “Event of Default”:

     

    (i)          Failure
    by the Debtors to pay principal, interest or any other amounts provided by this Term Sheet when due;

     

    (ii)         Breach
    by any Debtor of any of the Covenants set forth on Schedule B hereto;

     

    (iii)         Any
    representation or warranty made by any Debtor shall prove to have been incorrect in any material respect when made;

     

    (iv)         Without
    the consent of the DIP Lender, any of the Chapter 11 Cases shall be dismissed or converted to a Chapter 7 case;

     

    (v)         Unless
    consented to, such relief is granted pursuant to a motion by, the DIP Lender, a Chapter 11 trustee, a responsible officer or an examiner
    with enlarged powers relating to the operation of the business of the Debtors (i.e., powers beyond those set forth in Sections
    1106(a)(3) and (4) of the Bankruptcy Code) shall be appointed in any of the Chapter 11 Cases;

     

    (vi)        Any
    other superpriority claim or lien which is pari passu with or senior to the claims or liens of the DIP Lender under the DIP Facility
    shall be granted in any of the Chapter 11 Cases, other than the Carve-Out;

     

    (vii)       Any
    Debtor shall make any payment on account of any pre-petition indebtedness or payables of a Debtor except as otherwise permitted under
    the Approved Budget;

     

    (viii)      Subject
to exceptions to be agreed upon, the Bankruptcy Court shall enter an order granting relief from the automatic stay to the holder or holders
of any security interest to permit foreclosure (or the granting of a deed in lieu of foreclosure or the like) on any assets of any Debtor
which have an aggregate value in excess of $100,000 (other than with respect to those Debtors for which the DIP Lender consents to such
relief); 

 

    	 	 	 

    	 

    

 

	 	
    (ix)        Any
    material provision of this Term Sheet or the DIP Orders shall cease to be valid and binding on any Debtor, or any Debtor shall so assert
    in any pleading filed in any court;

     

    (x)         An
    order shall be entered amending, modifying or supplementing the DIP Orders without the prior written consent of the DIP Lender;

     

    (xi)        Any
    judgment in excess of $250,000 (to the extent not paid or fully covered (subject to applicable deductibles) by a reputable and solvent
    insurance company) as to any post-petition obligation shall be rendered against any Debtor and the enforcement thereof shall not be stayed;
    or there shall be rendered against any Debtor a non-monetary judgment with respect to a post-petition event which is not stayed and causes
    or would reasonably be expected to have a Material Adverse Effect on the operations, businesses, properties, assets, or conditions (financial
    or otherwise) of any Debtor, or on the ability of any Debtor to perform its respective obligations herein or under the DIP Orders;

     

    (xii)      The
    failure to satisfy any of the Sale Milestones;

     

    (xiii)      The
    filing of a challenge by the Debtors or supported by the Debtors to the liens or claims of the Prepetition Secured Party based upon the
    Prepetition Secured Party’s prepetition conduct; and

     

    (xiv)     The
filing of a challenge by the Debtors or supported by the Debtors to the liens or claims of the DIP Lender based upon the DIP Lender’s
prepetition conduct. 

	Relief from 

Stay/Remedies	
    Upon the occurrence and continuance of an Event
    of Default beyond the applicable grace period set forth below, the DIP Lender shall be entitled to take all or any of the following actions
    without further order of or application to the Bankruptcy Court:

     

    (i)     declare
    the principal of and accrued interest on the outstanding DIP Loans to be immediately due and payable;

     

    (ii)    terminate
    the DIP Facility;

     

    (iii)   implement
    the default rate of interest on all outstanding DIP Loans; and

     

    (iv)   take
    any other action or exercise any other right or remedy (including, without limitation, with respect to the liens in favor of the DIP Lender)
    permitted under the applicable loan documents, or by applicable law.

     

    Any automatic stay otherwise applicable to
the DIP Lender shall be modified so that upon the occurrence of an Event of Default and upon five (5) business days’ prior written
notice of such occurrence (a “Termination Notice”), in each case given to the Debtors, counsel to the Committee appointed
in these proceedings (if any), and the U.S. Trustee, the DIP Lender shall be entitled to exercise customary remedies including, without
limitation, the right to realize on all Collateral and the right to exercise any remedy available under applicable law, in each case
without obtaining any further relief or order of the Bankruptcy Court unless, within such five (5) business day period, the Bankruptcy
Court has entered an order to the contrary. Consistent with the foregoing sentence, section 362 relief from the stay in favor of the
DIP Lender shall be embodied in any order approving the DIP Facility and the use of cash collateral. 

 

    	 	 	 

    	 

    

 

	Bankruptcy Court 

Filings	As soon as practicable in advance of filing with the Bankruptcy Court, Debtors shall furnish to the DIP Lender (i) the motion seeking approval of and proposed form of the DIP Orders, which motion shall be in form and substance reasonably satisfactory to the DIP Lender; (ii) as applicable, any motions seeking approval of bidding procedures and any 363 sale, and the proposed forms of orders related thereto, which shall be in form and substance reasonably satisfactory to the DIP Lender; and (iii) any motion and proposed form of order filed with the Bankruptcy Court relating to any management equity plan, incentive, retention or severance plan, and/or the assumption, rejection, modification or amendment of any material contract (each of which must be in form and substance reasonably satisfactory to the DIP Lender).
	Indemnifications	The Debtors shall jointly and severally provide customary indemnifications for the DIP Lender and its representatives.
	Governing Law	All documentation in connection with the DIP Facility shall be governed by the laws of the State of New York, subject to applicable bankruptcy laws. 

 

 

[Signature Page(s) to Follow]

 

    	 	 	 

    	 

    

 

IN WITNESS WHEREOF, the parties
hereto have executed and agree to be bound by the terms set forth in this Term Sheet or caused the same to be executed by their respective
duly authorized officers as of the day and year first above written.

 

	 	BORROWERS:	 
	 	 	 	 	 
	 	EYP GROUP HOLDINGS, INC.,	 
	 	a Delaware corporation	 
	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	EYP HOLDINGS, INC.,	 
	 	a Delaware corporation	 
	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	EYP, INC.,	 
	 	a Massachusetts corporation	 
	 	 	 
	 	 	 	 	 
	 	By:	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	EYP ARCHITECTURE & ENGINEERING, P.C.,	 
	 	a New York professional corporation	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 

 

[Signature page to Term Sheet]

 

    	 	 	 

    	 

    

 

	 	EYP ARCHITECTURE & ENGINEERING OF CT, INC.,	 
	 	a Connecticut corporation	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	  	EYP ARCHITECTURE & ENGINEERING OF NJ, INC.,	 
	 	a New Jersey corporation	 
	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	EYPAE, INC.,	 
	 	a Massachusetts corporation	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	WHR ARCHITECTURE, PC,	 
	 	a Texas professional corporation	 
	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	WHR DESIGN, P.C.,	 
	 	a Texas professional corporation	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Kefalari Mason	 
	 	 	 	Title: Authorized Officer	 

 

[Signature page to Term Sheet]

 

    	 	 	 

    	 

    

 

	DIP LENDER:	AULT ALLIANCE, INC.,	 
	 	as DIP Lender	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Christopher Wu	 
	 	 	 	Title: President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	PREPETITION SECURED:	 	 	 	 
	PARTY	AULT ALLIANCE, INC.,	 
	 	as Prepetition Secured Party	 
	 	 	 	 	 
	 	 	 	 	 
	 	By: 	 	 	 
	 	 	 	Name: Christopher Wu	 
	 	 	 	Title: President	 

 

[Signature page to Term Sheet]

 

    	 	 	 

    	 

    

 

Schedule A

 

Representations and Warranties

 

In order to induce the DIP
Lender to enter into this Term Sheet, to make the DIP Facility available to the Debtors, and to advance the Draws, the Debtors, jointly
and severally, represent and warrant as of the date hereof, the Closing Date, and the date of each Draw as follows:

 

1.       Due
Organization. Except as set forth on Schedule A-1, each of the Debtors are duly formed and/or organized, validly existing
and in good standing (to the extent such concept exists in the relevant jurisdiction) under the laws of their jurisdictions of incorporation
or formation.

 

 2.       Due Authorization.

 

a.       Upon
entry of the Interim Order, the execution and delivery of the Term Sheet and the performance by each of the Debtors of such Debtor’s
obligations under the Term Sheet, any Documentation, or the DIP Orders (i) are within its corporate or limited liability company (or equivalent)
powers, (ii) have been duly authorized by all necessary corporate or limited liability company (or equivalent) action of such Debtor,
(iii) have received all necessary bankruptcy, insolvency or governmental approvals, (iv) do not contravene or conflict with any provisions
of such Debtor’s corporate charter or by-laws or limited liability company agreement (or equivalent organizational documents), and
(v) do not materially contravene or materially conflict with any provisions of applicable material law or of any material agreements binding
upon or applicable to such Debtor or any of its properties;

 

b.       The
Chapter 11 Cases of each Debtor have been duly authorized by all corporate or limited liability company (or equivalent) action of such
Debtor.

 

3.       Binding
Obligations. Upon entry of the Interim Order, this Term Sheet and other Documentation shall constitute the legal, valid and binding
obligations, enforceable against each of the Debtors in accordance with their respective terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally, including the entry of the Interim Order and subject
to general principles of equity, regardless of whether considered in a proceeding in equity or at law.

 

4.       Title
to Assets. With respect to its real and personal property, if any, each of the Debtors (i) is the sole owner and has good, valid
and marketable title to, or a valid leasehold interest in, all of its respective properties and assets, whether personal or real, subject
to no transfer restrictions or liens of any kind other than Permitted Liens, and (ii) is in compliance in all material respects with each
contract or lease to which it is a party or otherwise bound (other than contracts or leases which will be rejected in the Chapter 11 Cases).

 

5.       Existing
Indebtedness; Investments, Guarantees and Certain Contracts. Except as contemplated by the Term Sheet, the Debtors (i) do not
have Indebtedness secured by any mortgage, pledge, security, lien or conditional sale or other title retention agreement to which any
property or asset owned or held by such Debtor is subject except for such Indebtedness that gives rise to the Permitted Liens, or (ii)
have not directly or indirectly guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), discounted
or sold with recourse or agreed (contingently or otherwise) to purchase or repurchase or otherwise acquire any Indebtedness.

 

    	 	 	 

    	 

    

 

6.       Licenses
and Permits; Labor. Each of the Debtors is in compliance with and has all material Permits and Intellectual Property necessary
or required by applicable law or Governmental Authority for the operation of each of the Debtor’s businesses. All of the foregoing
are in full force and effect. None of the Debtors is (i) in breach of or default under the provisions of any of the foregoing, nor is
there any event, fact, condition or circumstance which, with notice or passage of time or both, would constitute or result in a conflict,
breach, default or event of default under, any of the foregoing which, if not remedied within any applicable grace or cure period would
reasonably be likely to have a Material Adverse Effect, (ii) a party to or subject to any agreement, instrument or restriction that is
so unusual or burdensome that it might be deemed to result in a Material Adverse Effect on the operation of the Debtor’s businesses,
and/or (iii) involved in any labor dispute, strike, walkout or union organization which, if determined adversely, would reasonably be
likely to have a Material Adverse Effect.

 

7.       Disclosure.
To the best of each of the Debtors’ knowledge, no written statement furnished by any of the Debtors to the DIP Lender in accordance
with the terms of this Term Sheet and other Documentation, when taken as a whole, contains any untrue statement of a material fact or
omits to state a material fact necessary to make the statements contained herein or therein not materially misleading in light of all
of the circumstances under which they were made.

 

8.       Perfected
Liens. Upon entry of the Interim Order, the liens granted to the DIP Lender in accordance with the Term Sheet, the Documentation
and the Interim Order will at all times be fully perfected liens in and to the Collateral described therein, subject, as to priority,
only to liens permitted to have such priority under the Interim Order.

 

9.       Other
Agreements. None of the Debtors is (i) a party to any judgment, order or decree or any agreement, document or instrument, or subject
to any restriction, which would affect its ability to execute and deliver, or perform under, the Term Sheet or any Documentation (other
than restrictions the enforcement of which are stayed by virtue of the filing of the Chapter 11 Cases or the DIP Orders), or (ii) in default
in the performance, observance or fulfillment of any obligation, covenant or condition contained in any agreement, document or instrument
to which it is a party or to which any of its properties or assets are subject, the enforcement of which default is not stayed by virtue
of the filing of the Chapter 11 Cases, and, if not remedied within any applicable grace or cure period would reasonably be likely to have
a Material Adverse Effect, nor is there any event, fact, condition or circumstance which, with notice or passage of time or both, would
constitute or result in a conflict, breach, default or event of default (other than conflicts, breaches, defaults or events of default,
the enforcement of which are stayed by virtue of the filing of the Chapter 11 Cases) under any of the foregoing, which, if not remedied
within any applicable grace or cure period, would reasonably be likely to have a Material Adverse Effect.

 

10.      No
Litigation. Except for proceedings in the Chapter 11 Cases, no action, claim, lawsuit, demand, investigation or proceeding is
now pending or, to the knowledge of the Debtors, threatened in writing against any that challenges the rights or powers of the Debtors
to enter into or perform any of their obligations under the Term Sheet, any Documentation, or the DIP Orders, or the validity or enforceability
of the Term Sheet, the Documentation, or the DIP Orders or any action taken thereunder.

 

11.      Compliance
with Laws. To the best of each of the Debtor’s knowledge, without investigation, such Debtor (i) is in compliance with all
laws, statutes, rules, regulations, ordinances and tariffs of any Governmental Authority applicable to each Debtor and/or each Debtor’s
business, assets or operations, including, without limitation, the Worker Adjustment and Retraining Notification Act or similar state
law and ERISA, and (ii) is not in violation of any order of any Governmental Authority or other board or tribunal, except where noncompliance
or violation could not reasonably be expected to have a Material Adverse Effect. There is no event, fact, condition or circumstance which,
with notice or passage of time, or both, would constitute or result in any noncompliance with, or any violation of, any of the foregoing,
in each case except where noncompliance or violation could not reasonably be expected to have a Material Adverse Effect. None of the Debtors
has received any notice that such Debtor is not in compliance in any respect with any of the requirements of the foregoing, except as
would not reasonably be expected to have a Material Adverse Effect. None of the Debtors has (a) engaged in any Prohibited Transactions
as defined in Section 406 of ERISA and Section 4975 of the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated
thereunder, (b) failed to meet any applicable minimum funding requirements under Section 302 of ERISA in respect of its plans and no funding
requirements have been postponed or delayed, (c) any actual knowledge of any amounts due but unpaid to the Pension Benefit Guaranty Corporation,
or of any event or occurrence which would cause the Pension Benefit Guaranty Corporation to institute proceedings under Title IV of ERISA
to terminate any of the employee benefit plans other than amounts due relating to USI defined benefits pension filings which currently
are not in compliance, but shall be in compliance no later than sixty (60) days from the Closing Date, (d) any fiduciary responsibility
under ERISA for investments with respect to any plan existing for the benefit of Persons other than its employees or former employees,
or (e) withdrawn, completely or partially, from any multi-employer pension plans so as to incur liability under the MultiEmployer Pension
Plan Amendments of 1980. With respect to each of the Debtors, there exists no event described in Section 4043 of ERISA, excluding Subsections
4043(b)(2) and 4043(b)(3) thereof, for which the thirty (30) day notice period contained in 12 C.F.R. § 2615.3 has not been waived.

 

    	 	 	 

    	 

    

 

12.       OFAC;
Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws. None of the Debtors is in violation of any Sanctions. None of Debtors
nor, to the knowledge of any Debtor, any director, officer, employee, or agent of such Debtor (a) is a Sanctioned Person or a Sanctioned
Entity, (b) has any assets located in Sanctioned Entities, or (c) derives revenues from investments in, or transactions with Sanctioned
Persons or Sanctioned Entities. Each of the Debtors has, to the extent applicable to their business activities, implemented and maintains
in effect policies and procedures designed to ensure compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws.
Each of the Debtors, and to the knowledge of each Debtor, without investigation, each director, officer, employee, and agent of each of
the Debtors, is in compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws. No proceeds of any funding hereunder
will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned
Entity, or otherwise used in any manner that would result in a violation of any Sanction, Anti-Corruption Law or Anti-Money Laundering
Law by any Person.

 

13.       Margin
Stock. None of the Debtors own any Margin Stock or is engaged principally, or as one of its important activities, in the business
of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the loans made to the Debtors
will be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin
Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors. None of the Debtors expects to
acquire any Margin Stock.

 

14.       Investment
Company Act. None of the Debtors is required to register as an “investment company” or a company “controlled”
by an “investment company” or a “principal underwriter” of an “investment company” as such terms are
defined in the Investment Company Act of 1940.

 

15.       Material
Adverse Effect. Since the Petition Date, there has been no event or circumstance that has had or would reasonably be expected
to have a Material Adverse Effect.

 

16.       Payment
of Taxes. The Debtors have filed (or obtained extensions to file) all federal, state and other tax returns and reports required
to be filed, and have paid all federal, state and other taxes, assessments, fees and other governmental charges levied or imposed by a
governmental authority upon them or their properties, income or assets otherwise due and payable other than those (i) not yet delinquent
or are being contested in good faith by appropriate proceedings, (ii) taxes the nonpayment of which is permitted or required by the Bankruptcy
Code, or (iii) taxes allocable to the locations operated by the Debtors for which the Debtors have agreed to pay under any master lease
pertaining to such locations or any sub-leases related thereto.

 

    	 	 	 

    	 

    

 

17.       Use
of Proceeds. The proceeds of the DIP Facility received by the Debtors have been and shall be used exclusively in accordance with
the terms set forth in the Term Sheet under the heading “Use of DIP Proceeds”.

 

18.       Non-Subordination;
Lien and Claim Priority.

 

a.       The
Debtors’ obligations under the Term Sheet, any Documentation, or the DIP Orders are not subordinated in any way to any other Indebtedness
of the Debtors or to the rights of any other Person, except for the amounts secured by Tax Liens.

 

b.       Pursuant
to the DIP Orders, all of the Debtors’ obligations under the Term Sheet, any Documentation, or the DIP Orders shall constitute allowed
Superpriority Administrative Claims in accordance with Bankruptcy Code § 364(c)(1).

 

c.       The
security interests granted in this Term Sheet and other Documentation will, pursuant to the DIP Orders, be senior in priority to all other
interests and liens with respect to the Collateral, except for the Tax Liens.

 

19.       Compliance
with DIP Orders; No Default. Each of the Debtors is in compliance with the terms, conditions, and obligations set forth in the
DIP Orders and there does not exist any Default or Event of Default under either DIP Order, this Term Sheet or other Documentation.

 

    	 	 	 

    	 

    

 

Schedule B

 

Affirmative, Negative and Financial Covenants

 

Each of the Debtors covenants and agrees that,
until all borrowings under the DIP Facility are paid in full and the commitments thereunder are terminated:

 

1.       Inspection.
Upon reasonable request of the DIP Lender, the Debtors will permit any officer, employee, attorney or accountant or agent of the DIP Lender
to audit, review, make extracts from or copy, at the Debtors’ expense, any and all corporate and financial and other books and records
of the Debtors during ordinary business hours and, in the absence of an Event of Default, upon reasonable advance notice and to discuss
the Debtors’ affairs with any of their directors, officers, employees, attorneys, or accountants. Upon reasonable request of the
DIP Lender, the Debtors will permit the DIP Lender, or any of its officers, employees, accountants, attorneys or agents, to examine and
inspect any Collateral or any other property of the Debtors at any time during ordinary business hours and, in the absence of an Event
of Default, upon reasonable prior notice. Notwithstanding anything in this Paragraph 1 (Inspection), none of the Debtors will be
required to disclose information to the DIP Lender (or any agent or representative thereof) that is prohibited by applicable law, subject
to confidentiality restrictions or is subject to attorney-client or similar privilege or constitutes attorney work product.

 

2.       Compliance
with Legal and Other Obligations. Each of the Debtors shall (i) comply in all material respects with all material laws, statutes,
rules, regulations, ordinances and tariffs of all Governmental Authorities applicable to them or their business, assets or operations,
except where such compliance is excused pursuant to the Bankruptcy Code or an order of the Bankruptcy Court or except as any failure to
do so would not reasonably be expected to have a Material Adverse Effect, (ii) perform in accordance with its terms each contract, agreement
or other arrangement to which it is a party or by which a Debtor or any of the Debtors’ properties or assets is bound, except where
the failure to comply, pay or perform could not reasonably be expected to have a Material Adverse Effect or where the rights of a Person
for non-payment or performance by a Debtor would be stayed by the filing of the Chapter 11 Cases, and (iii) maintain and comply with all
material Permits necessary to conduct their business and comply in all material respects with any new or additional requirements that
may be imposed on the Debtors or their business.

 

3.       Maintenance
of Properties. Each the Debtors will keep and maintain the Collateral and all of its other properties necessary or useful in its
business in good condition, repair and working order (normal wear and tear excepted) other than to the extent contemplated by the Approved
Budget or the DIP Orders.

 

4.       Insurance.
Each of the Debtors will maintain insurance with respect to the Collateral, covering liabilities, losses or damages as are customarily
are insured against by other Persons engaged in same or similar businesses and similarly situated and located. All such policies of insurance
shall be with financially sound and reputable insurance companies (including self-funded insurance programs and captive insurers) reasonably
acceptable to DIP Lender and in such amounts as are carried generally in accordance with sound business practice by companies in similar
businesses similarly situated and located and, in any event, in amount, adequacy, and scope reasonably satisfactory to the DIP Lender.
Except as otherwise provided in the Term Sheet, all property insurance policies covering the Collateral are to be made payable to DIP
Lender in case of loss, pursuant to a standard loss payable endorsement with a standard non-contributory “lender” or “secured
party” clause and are to contain such other provisions as DIP Lender may reasonably require to fully protect the DIP Lender’s
interest in the Collateral and to any payments to be made under such policies. If any Debtor fails to maintain such insurance, the DIP
Lender may arrange for such insurance, but at such Debtor’s expense and without any responsibility on DIP Lender’s part for
obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. Upon the
occurrence and during the continuance of an Event of Default, the DIP Lender shall have the sole right to file claims under any property
and general liability insurance policies with respect to the Collateral, to receive, receipt and give acquaintance for any payments that
may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or other documents
that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies.

 

    	 	 	 

    	 

    

 

5.       Use
of Proceeds. The Debtors shall use the proceeds from the DIP Facility only for the purposes set forth under the heading “Use
of Proceeds” in the Term Sheet.

 

6.       Conduct
of Business and Maintenance of Existence and Assets. Each of the Debtors shall (i) conduct its business in accordance with good
business practices customary to the industry, (ii) engage principally in the same or similar lines of business substantially as heretofore
conducted, (iii) collect its Accounts in the ordinary course of business, (iv) maintain all of its material properties, assets and equipment
used or useful in their business in good repair, working order and condition (normal wear and tear excepted and except as may be disposed
of in the ordinary course of business and in accordance with the Term Sheet or other Documentation and otherwise as determined by the
Debtors using commercially reasonable business judgment), (v) from time to time make all necessary or desirable repairs, renewals and
replacements thereof, as determined by such Debtor using commercially reasonable business judgment, and (vi) maintain and keep in full
force and effect their existence and all material Permits and qualifications to do business and good standing in each jurisdiction in
which the ownership or lease of property or the nature of their business makes such Permits or qualification necessary and in which failure
to maintain such Permits or qualification could reasonably be likely to have a Material Adverse Effect.

 

7.       Further
Assurances; Post Closing. At the Debtors’ cost and expense, each of the Debtors shall take such further actions, obtain
such consents and approvals and duly execute and deliver such further agreements, assignments, instructions or documents as DIP Lender
may reasonably request with respect to the purposes, terms and conditions of the Term Sheet and the consummation of the transactions contemplated
thereby.

 

8.       Taxes
and Other Charges.

 

a.       Each
of the Debtors will pay or discharge, when due, (i) all material taxes, assessments and governmental charges levied or imposed upon it
or upon its income or profits, upon any properties of the Debtors (including, without limitation, the Collateral) or upon or against the
creation, perfection or continuance of the security interest, prior to the date on which penalties attach thereto, except in each case
(a) where the same are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance
with GAAP are being maintained by the Debtors, (b) taxes the nonpayment of which is permitted or required by the Bankruptcy Code, this
Term Sheet, or other Documentation, or (c) taxes allocable to the locations operated by the Debtors for which the Debtors have agreed
to pay under any master lease pertaining to such locations or any sub-leases related thereto and (ii) all federal, state and local taxes
required to be withheld by them.

 

b.       Each
of the Debtors shall promptly, and in any event within five (5) business days after any authorized officer of such Debtor obtains knowledge
thereof, notify DIP Lender in writing of any oral or written communication from the Internal Revenue Service or otherwise with respect
to any (i) tax investigations relating to a Debtor directly, or relating to any consolidated tax return which was filed on behalf of such
Debtor, (ii) notices of tax assessment or possible tax assessment, or (iii) years that are designated open pending tax examination or
audit.

 

c.       All
payments and reimbursements to DIP Lender made under the Term Sheet shall be free and clear of and without deduction for all taxes, levies,
imposts, deductions, assessments, charges or withholdings, and all liabilities with respect thereto of any nature whatsoever, excluding
taxes to the extent imposed on DIP Lender’s net income.

 

    	 	 	 

    	 

    

 

9.       Waiver
of Claims Against DIP Lender and Prepetition Secured Party. The DIP Orders shall prohibit and the Debtors shall waive the claims
arising under Bankruptcy Code section 506(c) against the DIP Lender and the Prepetition Secured Party or the commencement of other actions
adverse to the DIP Lender and the Prepetition Secured Party or their rights and remedies under the DIP Facility or Credit Agreement, as
applicable;

 

10.       Compliance
with Approved Budget. Each of the Debtors shall comply with the Approved Budget (subject to the Permitted Variances).

 

11.       Financial
Reporting and Other Information. Each of the Debtors shall (i) file with the Bankruptcy Court and furnish to DIP Lender all operational
and other reports as and when required by the Bankruptcy Code and Bankruptcy Rules, (ii) comply with the reporting requirements set forth
under the heading “Reporting” in the Term Sheet, (iii) provide access to the DIP Lender for information (including historical
information), including, without limitation, regularly scheduled meetings with the Debtors and their advisors; and (iv) provide such additional
information, documents, statements, reports and other materials as DIP Lender may reasonably request from a credit or security perspective
or otherwise from time to time.

 

12.       Payment
of Obligations and Indebtedness.

 

a.       The
Debtors shall satisfy in full all of their obligations under the Term Sheet, any Documentation, or the DIP Orders by or on by the Maturity
Date.

 

b.       Except
as otherwise prescribed in the Term Sheet, or to the extent excused pursuant to the Bankruptcy Code, each of the Debtors shall pay, discharge
or otherwise satisfy to the extent provided in the Approved Budget at or before the Maturity Date (subject to applicable grace periods
and, in the case of trade payables, to ordinary course payment practices) all of their material obligations and liabilities, except when
the amount or validity thereof is being contested in good faith by appropriate proceedings, and such reserves as DIP Lender may deem proper
and necessary in its reasonable discretion shall have been made.

 

13.       Compliance
with Sale Milestones. The Debtors shall comply with Sale Milestones set forth under the heading “Sale Milestones”
in the Term Sheet.

 

14.       Bankruptcy
Pleadings. The Debtors shall deliver to the DIP Lender as soon as practicable in advance of filing with the Bankruptcy Court the
Interim Order and the Final Order (which must be in form and substance reasonably satisfactory to the DIP Lender), all other proposed
orders and pleadings related to the DIP Facility (which must be in form and substance reasonably satisfactory to the DIP Lender), any
plan of reorganization or liquidation, and/or any disclosure statement related to such plan.

 

    	 	 	 

    	 

    

 

Each of the Debtors covenants
and agrees that, until all borrowings under the DIP Facility are paid in full and the commitments thereunder are terminated:

 

1.       Permitted
Liens.

 

a.       The
Debtors shall not create or permit to exist any liens or encumbrances on any assets, other than liens securing the DIP Facility and any
Permitted Liens and other liens described under the heading “Priority” in the Term Sheet.

 

b.       The
Debtors shall not create or permit to exist any other superpriority claim which is pari passu with or senior to the claims of the
DIP Lender with respect to the DIP Facility, except for the Carve-Out and liens of the DIP Lender.

 

2.       Disposition
of Assets. The Debtors shall not dispose of any assets (including, without limitation, any sale and leaseback transaction and
any disposition under Bankruptcy Code section 363 or otherwise without Bankruptcy Court approval) out of the ordinary course of business
or in excess of $250,000.

 

3.       Organizational
Documents; Fiscal Year; Name; Jurisdiction of Organization; Use of Proceeds. The Debtors shall not (i) amend, modify, restate
or change their respective certificates or articles of organization in a manner that would be adverse to DIP Lender in any material respect,
(ii) amend, modify, restate or change in any material manner the nature and type of its business or the manner in which such business
is conducted, (iii) change their fiscal year, (iv) change their name or change its jurisdiction of organization, (v) amend, alter or suspend
or terminate or make provisional in any material way any Permit without the prior written consent of DIP Lender, which consent shall not
be unreasonably withheld, or (v) use any proceeds of the DIP Facility for “purchasing” or “carrying” “margin
stock” as defined in Regulations U, T or X of the Board of Governors of the Federal Reserve System.

 

4.       Modifications
to Material Documents; Payments of Obligations. None of the Debtors shall consent to any amendment, supplement or other modification
of any of the terms or provisions contained in, or applicable to (i) the DIP Orders, or (ii) the stalking horse asset purchase agreement
for the Bankruptcy Sale without the DIP Lender's consent, except, in the case of this clause (ii), where such amendment, supplement or
other modification is not materially adverse to the interests of the DIP Lender or Prepetition Secured Party. Except for (A) payments
authorized to be made under “first day” or “second day” orders entered by the Bankruptcy Court and identified
in the Approved Budget, subject to Permitted Variances, and (B) payments permitted by the Interim Order and the Approved Budget, subject
to Permitted Variances, no Debtor shall make any payment in respect of, or repurchase, redeem, retire or defease any, Indebtedness arising
prior to the Petition Date.

 

5.       Filing
of Motions and Applications. None of the Debtors shall, without the prior written consent of the DIP Lender, apply to the Bankruptcy
Court for authority to (a) take any action that is prohibited by the terms of the Term Sheet or other Documentation, (b) refrain from
taking any action that is required to be taken by the terms of the Term Sheet, other Documentation, or the DIP Orders, or (c) seek or
consent to any amendment, supplement, or any other modification of the DIP Orders.

 

6.       Financial
Covenant. None of the Debtors shall pay any amounts not within the Approved Budget (subject to the Permitted Variances) without
the DIP Lender's consent.

 

7.       Claims
Against DIP Lender. None of the Debtors shall assert any right of subrogation or contribution against the DIP Lender until all
borrowings under the DIP Facility are paid in full and the commitments thereunder are terminated.

 

    	 	 	 

    	 

    

 

Schedule C

 

Defined Terms

 

All capitalized terms in the
Term Sheet or related schedules shall have the meaning ascribed to such terms therein unless otherwise defined below:

 

“Accounts” shall mean all “accounts”
(as defined in the UCC) of each of the Debtors (or, if referring to another Person, of such other Person), including, without limitation,
accounts, accounts receivable, monies due or to become due, and obligations in any form (whether arising in connection with contracts,
contract rights, Instruments, General Intangibles or Chattel Paper), in each case whether arising out of goods sold or services rendered
or from any other transaction and whether or not earned by performance, now or hereafter in existence, and all documents of title or other
documents representing any of the foregoing, and all collateral security and guaranties of any kind, now or hereafter in existence, given
by any Person with respect to any of the foregoing.

 

“GAAP” shall mean generally
accepted accounting principles in the United States of America in effect from time to time as applied by nationally recognized accounting
firms.

 

“Governmental Authority” shall
mean any federal, state, provincial, local, municipal, foreign, multinational, international or other (a) government, (b) governmental
or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court
or other tribunal), or (c) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police,
regulatory, or taxing authority or power of any nature, including any arbitration tribunal or stock exchange.

 

“Indebtedness” of any Person
shall mean, without duplication, (a) all items which, in accordance with GAAP, would be included in determining total liabilities as shown
on the liability side of the balance sheet of such Person as of the date as of which Indebtedness is to be determined, including any lease
which, in accordance with GAAP would constitute Indebtedness, (b) all indebtedness secured by any mortgage, pledge, security, Lien or
conditional sale or other title retention agreement to which any property or asset owned or held by such Person is subject, whether or
not the indebtedness secured thereby shall have been assumed, (c) all indebtedness of others which such Person has directly or indirectly
guaranteed, endorsed (otherwise than for collection or deposit in the ordinary course of business), discounted or sold with recourse or
agreed (contingently or otherwise) to purchase or repurchase or otherwise acquire, or in respect of which such Person has agreed to supply
or advance funds (whether by way of loan, stock, equity or other ownership interest purchase, capital contribution or otherwise) or otherwise
to become directly or indirectly liable.

 

“Intellectual Property” shall
mean all present and future: trade secrets, know-how and other proprietary information; trademarks, internet domain names, service marks,
trade dress, trade names, business names, designs, logos, slogans (and all translations, adaptations, derivations and combinations of
the foregoing), indicia and other source and/or business identifiers, and the goodwill of the business relating thereto and all registrations
or applications for registrations which have heretofore been or may hereafter be issued thereon throughout the world; copyrights (including
copyrights for computer programs) and all tangible and intangible property embodying the copyrights, unpatented inventions (whether or
not patentable); patents; industrial design applications and registered industrial designs; license agreements related to any of the foregoing
and income therefrom; books, records, writings, computer tapes or disks, flow diagrams, specification sheets, computer software, source
codes, object codes, executable code, data, databases and other physical manifestations, embodiments or incorporations of any of the foregoing;
the right to sue for all past, present and future infringements of any of the foregoing; all other intellectual property; and all common
law and other rights throughout the world in and to all of the foregoing.

 

    	 	 	 

    	 

    

 

“Margin Stock” shall have the
definition ascribed to such term as in Regulation U of the Board of Governors as in effect from time to time.

 

“Material Adverse Effect” shall
mean a material adverse effect on (i) the operations, business, assets, properties or financial condition of the Debtors taken as a whole,
(ii) the ability of the Debtors to perform payment or other material obligations under the Term Sheet or other Documentation and related
to the DIP Facility, (iii) the legality, validity or enforceability of this Term Sheet and other Documentation taken as a whole, (iv)
the rights and remedies of the DIP Lender under this Term Sheet or other Documentation, or (v) the validity, perfection or priority of
a lien in favor of the DIP Lender on any of the Collateral; provided, however that “Material Adverse Effect” shall
expressly exclude any change, event or occurrence, arising individually or in the aggregate, from events that could reasonably be expected
to result from the filing or commencement of the Chapter 11 Cases or the announcement of the filing or commencement of the Chapter 11
Cases.

 

“Permits” shall mean permits,
licenses, registrations, certificates, certificates of occupancy, accounts, approvals, consents, clearances and other similar documents
and authorizations issued by any Governmental Authority.

 

“Permitted Liens” shall mean
(a) liens in favor of the DIP Lender as contemplated by the Term Sheet, (b) liens provided to the Prepetition Secured Party pursuant to
the Credit Agreement and related documents, (c) liens for taxes or assessments or other governmental charges (i) not yet due and payable,
(ii) that are being contested in good faith by appropriate proceedings diligently conducted and adequate reserves with respect thereto
are maintained on the books of the applicable Person in accordance with GAAP, or (iii) the nonpayment of which is permitted or required
by the Bankruptcy Code; (d) pledges or deposits of money securing statutory obligations under workmen’s compensation, unemployment
insurance, social security or public liability laws or similar legislation (excluding liens under ERISA); (e) pledges or deposits of money
securing bids, tenders, contracts (other than contracts for the payment of money) or leases to which any Debtor is a party as lessee made
in the ordinary course of business; (f) carriers’, warehousemen’s, suppliers’ or other similar possessory liens arising
in the ordinary course of business; (g) deposits securing, or in lieu of, surety, appeal or customs bonds in proceedings to which any
Debtor is a party; (h) zoning restrictions, easements, licenses, or other restrictions on the use of any real estate or other minor irregularities
in title (including leasehold title) thereto so long as the same do not materially impair the use, value, or marketability of such real
estate; (i) liens existing on the Petition Date (to the extent valid, enforceable, perfected and not subject to avoidance as of the Petition
Date or perfected after the Petition Date pursuant to section 546(b) of the Bankruptcy Code); (j) to the extent constituting liens, liens
on goods delivered to any Debtor after the Petition Date under any consignment or similar title retention agreements; (k) any adequate
protection liens permitted under the DIP Orders; (l) liens arising in favor of utility providers in any adequate assurance deposits arising
under an order approved by the Bankruptcy Court; (m) rights of setoff or bankers’ liens upon deposits of funds in favor of banks
or other depository institutions, solely to the extent incurred in connection with the maintenance of such deposit accounts in the ordinary
course of business; and (n) other liens which do not secure Indebtedness for borrowed money or letters of credit and as to which the aggregate
amount of the obligations secured thereby does not exceed $100,000.

 

“Persons” shall mean natural
persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability partnerships, joint
ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments
and agencies and political subdivisions thereof.

 

    	 	 	 

    	 

    

 

“Sanctioned Entity” shall mean
(a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled
by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case of clauses (a) through
(d) that is a target of Sanctions, including a target of any country sanctions program administered and enforced by The Office of Foreign
Assets Control of the U.S. Department of the Treasury (“OFAC”).

 

“Sanctioned Person” shall mean,
at any time (a) any Person named on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC, OFAC’s consolidated
Non-SDN list or any other Sanctions-related list maintained by any Governmental Entity, (b) a Person or legal entity that is a target
of Sanctions, (c) any Person operating, organized or resident in a Sanctioned Entity, or (d) any Person directly or indirectly owned or
controlled (individually or in the aggregate) by or acting on behalf of any such Person or Persons described in clauses (a) through (c)
above.

 

“Sanctions” shall mean, individually
and collectively, respectively, any and all economic sanctions, trade sanctions, financial sanctions, sectoral sanctions, secondary sanctions,
trade embargoes anti-terrorism laws and other sanctions laws, regulations or embargoes, including those imposed, administered or enforced
from time to time by: (a) the United States of America, including those administered by OFAC, the U.S. Department of State, the U.S. Department
of Commerce, or through any existing or future executive order, or (b) any other Governmental Entity with jurisdiction over any of the
Debtors.

 

“Tax Lien” shall mean any and
all current and future liens against the Debtors’ properties or assets for real estate taxes or tangible personal property taxes.

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