Document:

EX-10.18

 Exhibit 10.18 

May 27, 2015 
 Dear Roni,

 Groop Internet Platform, Inc. (d.b.a. Talkspace) (the “Company”) is pleased to offer you the position of
head of clinical services, reporting directly to the Company’s Chief Executive Officer, with an anticipated start date of June 1, 2015. You shall devote your full working time, attention and best efforts to fulfill your duties and
to further the business and interests of the Company. This Offer Letter supersedes, in its entirety, the Consulting Agreement dated February 27, 2014 by and between Roni Frank and the Company, which shall be terminated except to the extent
provided thereunder. 
 As a full-time employee you will receive an annual salary of $150,000, subject to tax and other
withholdings as required by law, which will be paid semi-monthly in accordance with the Company’s normal payroll procedures. Such salary may be adjusted from time to time in accordance with normal business practice and at the sole discretion of
the Company. 
 Additionally, you will have a target annual bonus of up to $25,000 payable upon achieving target goals set
from time to time by the Board of Directors, at its sole discretion. 
 During your employment, you will be entitled to the
benefits generally made available to regular, full-time salaried employees of the Company including health and dental insurance as well as a 401(K) program. You are also eligible for a maximum of 15 paid personal days (vacation and sick time) plus
up to 10 additional sick days per calendar year, based upon a monthly accrual, to be taken at such times as may be approved by the Company. 

Your employment with the Company is for no specified period and constitutes
“at-will” employment in that it can be terminated with or without cause, at anytime, by providing 30 days prior written notice, at the option of either the Company or yourself, except as otherwise
provided by law. Similarly, nothing in this letter shall be construed as an agreement, either express or implied, to pay you any compensation or grant you any benefit beyond the end of your employment with the Company. 

This letter, along with the agreement relating to Confidentiality, Non-Disclosure, Non-Competition and Developments, set forth the terms of your employment with the Company and supersede any prior representations or agreements whether written or oral. 

The validity, interpretation, enforceability, and performance of this letter shall be governed by and construed in accordance
with the laws of the State of New York, without giving effect to conflict of laws provisions thereof. Each party hereto hereby consents to the personal and exclusive jurisdiction and venue of the courts of the State of New York and expressly waives
any claim of improper venue and any claim that such courts are an inconvenient forum. 
 You represent that you are not
bound by any employment contract, restrictive covenant or other restriction preventing you from entering into employment with or carrying out your responsibilities for the Company, or which is in any way inconsistent with the terms of this letter.

 You agree to provide to the Company, within three days of your hire date,
documentation of your eligibility to work in the United States, as required by the Immigration Reform and Control Act of 1986. 

If you agree with and accept the terms of this offer of employment, please sign below and return this letter to me. If not
accepted, this offer shall expire in one week, but please contact us if you need more time to make a decision. We are pleased to have you join the Company team, and we look forward to our success together. 

 

			
	 Very truly yours,

	
	 /s/ Oren Frank

	 Oren Frank

	 CEO

	 Groop Internet Platform Inc. (d.b.a. Talkspace)

 AGREED AND ACCEPTED BY: 

Roni Frank: /s/ Roni Frank 
 Date:
May 27, 2015 

  
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 Groop Internet Platform Inc. (d.b.a. Talkspace) 

Invention, Non-Disclosure, Non-Competition and Non-Solicitation Agreement 
 This Invention,
Non-Disclosure, Non-Competition and Non-Solicitation Agreement (hereinafter referred to as the “Agreement”) is
dated as of May 27, 2015 (hereinafter referred to as the “Effective Date”) and is between: Groop Internet Platform Inc. (d.b.a. Talkspace) (hereinafter the “Company”), having a place of business at 53 Hamilton
Place, Tenafly, New Jersey, and Roni Frank (hereinafter referred to in the first person as “I,” “me” or “my”). 

In consideration for my engagement by the Company, and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, I hereby agree as follows: 
  

	1.	 Inventions and Patents. 

 

	 	1.1	 I will promptly and fully disclose to the Company any and all inventions, discoveries, trade secrets and
improvements, whether or not patentable and whether or not they are made, conceived or reduced to practice during working hours or using the Company’s data or facilities, which I develop, make, conceive or reduce to practice during my
engagement with the Company, either solely or jointly with others (collectively, the “Developments”). All Developments shall be the sole property of the Company, and I hereby assign to the Company, without further compensation, all
my right, title and interest in and to the Developments and any and all related patents, patent applications, copyrights, copyright applications, trademarks, trademark applications and trade names in the United States and elsewhere. Notwithstanding
the foregoing, Developments shall not include any inventions, discoveries, trade secrets or improvements that: (i) are not made, conceived or reduced to practice during working hours; (ii) are not made, conceived or reduced to practice
using the Company’s information, data or facilities; and (iii) do not relate to the present business of the Company, any business that is competitive therewith, or any future business in which the Company engages. 

 

	 	1.2	 I will keep and maintain adequate and current written records of all Developments (in the form of notes,
sketches, drawings and as may be specified by the Company), which records shall be available to and remain the sole property of the Company at all times. 

  

	 	1.3	 I will assist the Company in obtaining and enforcing patent, copyright and other forms of legal protection
for the Developments in any country. Upon request, I will sign all applications, assignments, instruments and papers and perform all acts necessary or desired by the Company to assign all such Developments fully and completely to the Company and to
enable the Company, its successors, assigns and nominees, to secure and enjoy the full and exclusive benefits and advantages thereof. I understand that my obligations under this Paragraph 1 will continue after the termination of my engagement with
the Company and that during my engagement I will perform such obligations without further compensation, except 

  
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for reimbursement of expenses incurred at the request of the Company. I further understand that if I am requested to perform any obligations under this Paragraph 1 after my engagement with
the Company terminates, I shall receive for such performance a reasonable per diem fee, as well as reimbursement of any expenses incurred at the request of the Company. 

 

	 	1.4	 In addition to my agreements set forth in subparagraph 1.3, I hereby constitute and appoint the Company, its
successors and assigns, my true and lawful attorney, with full power of substitution for me, and in my name, place and stead or otherwise, but on behalf of and for the benefit of the Company, its successors and assigns, to take all actions and
execute all documents on behalf of me necessary to effect the assignment set forth in subparagraph 1.1, and from time to time to institute and prosecute in my name or otherwise, but at the direction and expense and for the benefit of the Company and
its successors and assigns, any and all proceedings at law, in equity or otherwise, which the Company, its successors or assigns may deem proper in order to collect, assert or enforce any claim, right or title of any kind in and to the Developments
and to defend and compromise any and all actions, suits and proceedings in respect of any of the Developments and to do any and all such acts and things in relation thereto as the Company, its successors or assigns shall deem advisable, and I hereby
declare that the appointment hereby made and the powers hereby granted are coupled with an interest and are and shall be irrevocable by me in any manner or for any reason. 

 

	 	1.5	 In order to avoid disputes over the application of this assignment to prior inventions or copyrightable
materials, I have listed on Schedule A to this Agreement descriptions of patentable inventions and copyrightable materials that I have developed and/or reduced to practice prior to my engagement with the Company and that I believe are,
accordingly, excepted from the provisions of this Paragraph 1. 

  

	2.	 Proprietary Information. 

 

	 	2.1	 I recognize that my relationship with the Company is one of high trust and confidence by reason of my access
to and contact with the trade secrets and confidential and proprietary information of the Company and of others through the Company. I will not at any time, either during my engagement with the Company or thereafter, disclose to others, or use for
my own benefit or the benefit of others, any of the Developments or any confidential, proprietary or secret information owned, possessed or used by the Company (collectively, “Proprietary Information”). Such property shall not be
erased, discarded or destroyed without specific instructions from the Company to do so. By way of illustration, but not limitation, Proprietary Information includes trade secrets, processes, data, know-how,
marketing plans, forecasts, financial statements, budgets, licenses, prices, costs and employee, customer and supplier lists. I understand that the Company from time to time has in its possession information which is claimed by others to be
proprietary and which the Company has agreed to keep confidential. I 

  
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agree that all such information shall be Proprietary Information for purposes of this Agreement. 

  

	 	2.2	 My undertaking and obligations under this Paragraph 2 will not apply, however, to any Proprietary
Information which: (i) is or becomes generally known to the public through no action on my part; (ii) is generally disclosed to third parties by the Company without restriction on such third parties; (iii) is approved for release by
written authorization of the Board of Directors of the Company; or (iv) is required to be disclosed pursuant to subpoena, order of judicial or administrative authority, or in connection with judicial proceedings to which the Company or I am a
party, provided that I shall have given the Company written notice of such disclosure at least 14 days prior to such disclosure in order to provide the Company with an opportunity to oppose and/or object to such disclosure and any such disclosure is
subject to all applicable governmental and judicial protection available for like material. 

  

	 	2.3	 Upon termination of my engagement with the Company or at any other time upon request, I will promptly
deliver to the Company all copies of computer programs, specifications, drawings, blueprints, data storage devices, notes, memoranda, notebooks, drawings, records, reports, files and other documents (and all copies or reproductions of such
materials) in my possession or under my control, whether prepared by me or others, in whatever form on whatever medium, which contain Proprietary Information. I acknowledge that this material is the sole property of the Company.

  

	 	2.4	 If requested to do so by the Company, I agree to sign a Termination Certificate in which I confirm that I
have complied with the requirements of the preceding paragraph and that I am aware that certain restrictions imposed upon me by this Agreement continue after termination of my engagement. I understand, however, that my rights and obligations under
this Agreement will continue even if I do not sign a Termination Certificate. 

  

	3.	 Absence of Restrictions Upon Disclosure and Competition. 

 

	 	3.1	 I hereby represent that, except as I have disclosed in writing to the Company, and included in Schedule
A to this Agreement, I am not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of my engagement with the
Company or to refrain from competing, directly or indirectly, with the business of such previous employer or any other party. 

  

	 	3.2	 I further represent that my performance of all the terms of this Agreement and my engagement with of the
Company does not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by me in confidence or in trust prior to my engagement with the Company, and I will not disclose to the Company or induce
the Company to use any confidential information or material belonging to any previous employer or others. 

  
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	4.	
Non-Compete/Non-Solicitation.

  

	 	4.1	 For so long as I am engaged with the Company and for a period of 12 full months thereafter, I will not
without the express written consent of the Company, directly or indirectly, engage in, participate in, or assist, as owner, part-owner, partner, director, officer, trustee, employee, agent or consultant, or in any other capacity, any business
organization or person, anywhere in the world where the Company does business whose activities or products are directly or indirectly competitive with activities or products of the Company. 

 

	 	4.2	 I recognize that these restrictions on competition are reasonable because of the Company’s investment
in good will and in its customer lists and other proprietary information and my knowledge of the Company’s business and business plans. However if any period of time or geographical area should be judged unreasonable in any judicial proceeding,
then the period of time or geographical area shall be reduced to such extent as may be deemed required so as to be reasonable and enforceable. 

  

	 	4.3	 During my engagement with the Company and for 12 full months thereafter, I will notify the Company in the
event I take up a position of any sort with any company or person whose activities or products are directly or indirectly competitive with activities or products of the Company. 

 

	 	4.4	 I shall not recruit or otherwise solicit or induce any employees of the Company, to terminate their
engagement with, or otherwise cease their relationships with, the Company or any of its subsidiaries during my engagement with the Company and for a period of 12 full months thereafter. In addition, I shall not recruit or otherwise solicit any
person who was an employee of the Company during any time within six months prior to the end of my engagement with the Company. 

  

	5.	 Other Obligations. 

 

	 	5.1	 I acknowledge that the Company from time to time may have agreements with others which impose obligations or
restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. I agree to be bound by all such obligations and restrictions which are made known to me and to
take all action necessary to discharge the obligations of the Company under such agreements. 

  

	6.	 Miscellaneous. 

 

	 	6.1	 The partial or complete invalidity or unenforceability of any provision of this Agreement shall not affect
the validity or enforceability of any other provision of this Agreement. 

  

	 	6.2	 This Agreement supersedes all prior agreements, written or oral, between me and the Company relating to the
subject matter of this Agreement. This Agreement may not be modified, changed or discharged in whole or in part, except by an agreement 

  
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in writing signed by me and the Company. This Agreement does not constitute an engagement agreement, and no changes in my compensation, title or duties or any other terms or conditions of my
engagement, including, without limitation, the termination of my engagement, shall affect the provisions of this Agreement except as stated herein. 

  

	 	6.3	 As used herein, the term “Company” shall include Groop Internet Platform Inc., Groop Internet
Platform Israel Ltd., and any of its predecessors, subsidiaries, subdivisions or affiliates. The Company shall have the right to assign this Agreement to its successors and assigns and all covenants and agreements hereunder shall inure to the
benefit of and be enforceable by said successors or assigns. I agree not to assign any of my obligations under this Agreement. This Agreement will be binding upon my heirs, executors and administrators. 

 

	 	6.4	 No delay or omission by the Company in exercising any right under this Agreement will operate as a waiver of
that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion. 

 

	 	6.5	 I expressly consent to be bound by the provisions of this Agreement for the benefit of the Company or any
subsidiary or affiliate thereof to whom my engagement may be transferred without the necessity that this Agreement be re-signed at the time of such transfer. 

 

	 	6.6	 This Agreement shall be deemed to be a sealed instrument and shall be governed by and construed in
accordance with the laws of the NY other than those relating to choice of law. I hereby expressly consent to the jurisdiction of the courts of the state where the Company has its principal place of business in the United States (at the time any
claim is filed) to adjudicate any dispute arising under this Agreement. 

  

	 	6.7	 I recognize that irreparable damages would be caused to the Company, and that monetary damages would not
compensate the Company for its loss, should I breach the terms of this Agreement. Accordingly, in addition to all other remedies available to the Company at law or in equity, upon a showing by the Company that I have violated or am about to violate
the terms of this Agreement, I hereby consent to the entry by a court of competent jurisdiction of an injunction or declaratory judgment enforcing the terms of this Agreement, including without limitation preventing disclosure or further disclosure
by me of Proprietary Information. 

  

	 	6.8	 If any one or more provisions of this Agreement shall for any reason be held to be excessively broad as to
time, duration, geographical scope, activity or subject, it shall be construed, by limiting and reducing it, so as to be enforceable to the extent compatible with the applicable law as it shall then appear. 

  
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 I HAVE READ ALL OF THE PROVISIONS OF THIS AGREEMENT AND I UNDERSTAND, AND AGREE TO, EACH OF
SUCH PROVISIONS, EFFECTIVE AS OF THE DATE FIRST ENTERED ABOVE. 
  

			
	 Accepted and Agreed:
	  	 /s/ Roni
Frank                    

		
	 Groop Internet Platform Inc.
	  	 Roni Frank

		
	 By: /s/ Oren
Frank                    
	  	 Date: May 27, 2015

	 Name: Oren Frank
	  	
	 Title:   CEO
	  	
	 Date:   May 27, 2015
	  	

  
 8Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

AGREEMENT AND
PLAN OF MERGER

 

by and among

 

SPECTRUM
GLOBAL SOLUTIONS, INC.

 

HW
MERGER SUB, INC.

 

HWN,
INC.,

 

CERTAIN OF ITS STOCKHOLDERS

 

and

 

THE
INVESTORS’ REPRESENTATIVE

 

JANUARY
27, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Table of Contents

 

	 	Page
	ARTICLE I. THE MERGER	1
	 	 
	Section 1.1 The Merger.	1
	Section 1.2 The Effective Time.	2
	Section 1.3 Certificate of Incorporation and
    By-Laws.	2
	Section 1.4 Directors and Officers.	2
	Section 1.5 Closing.	2
	 	 
	ARTICLE II. EFFECT OF THE MERGER ON THE STOCK
    OF THE COMPANY	2
	 	 
	Section 2.1 Effect on Stock.	2
	Section 2.2 Payment for Shares of Company Stock.	3
	Section 2.3 Deliveries at the Closing.	4
	 	 
	ARTICLE III. REPRESENTATIONS AND WARRANTIES 
    OF THE COMPANY	5
	 	 
	Section 3.1 Organization, Standing, and Power.	5
	Section 3.2 Authority, Execution and Delivery;
    Enforceability.	5
	Section 3.3 No Conflicts..	5
	Section 3.4 Capitalization.	6
	Section 3.5 Material Changes; Undisclosed Events,
    Liabilities, or Developments	6
	Section 3.6 No Litigation.	6
	Section 3.7 Absence of Brokers.	6
	Section 3.8 Compliance.	6
	 	 
	ARTICLE IV. REPRESENTATIONS AND WARRANTIES OF
    THE STOCKHOLDERS	7
	 	 
	Section 4.1 Good Title.	7
	Section 4.2 Organization and Standing of Stockholder.	7
	Section 4.3 Authority; Execution and Delivery;
    Enforceability.	7
	Section 4.4 No Conflicts.	7
	Section 4.5 No Litigation.	7
	Section 4.6 Absence of Brokers.	7
	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES OF
    THE BUYER AND MERGER CO	8
	 	 
	Section 5.1 Organization and Power.	8
	Section 5.2 Authority; Execution and Delivery;
    Enforceability	8
	Section 5.3 No Conflicts.	8
	Section 5.4 Capitalization	9
	Section 5.5 Securities Act of 1933.	9
	Section 5.6 No Litigation.	9
	Section 5.7 Absence of Brokers.	9
	Section 5.8 SEC Documents; Regulatory Reports;
    Undisclosed Liabilities.	10
	Section 5.9 Compliance with Applicable Legal
    and Reporting Requirements.	11
	Section 5.10 No Vote Required.	11

 

    i

     

    

 

	ARTICLE VI. ADDITIONAL AGREEMENTS	11
	 	 
	Section 6.1 Press Releases.	11
	Section 6.2 Books and Records.	11
	Section 6.3 Further Action; Cooperation.	12
	 	 
	ARTICLE VII. COVENANTS	12
	 	 
	Section 7.1 Conduct of the Company's Business Prior to Closing	12
	Section 7.2 Conduct of the Buyer's Business Prior to Closing	13
	Section 7.3 Insurance	14
	Section 7.4 Access and Information..	14
	Section 7.5 Notice of Developments.	15
	Section 7.6 Exclusivity	15
	 	 
	ARTICLE VIII. CONDITIONS TO THE CLOSING	15
	 	 
	Section 8.1 Conditions to the Obligations of Each Party	15
	Section 8.2 Additional Conditions to Obligations of Buyer and MergerCo	16
	Section 8.3 Additional Conditions to Obligations of the Stockholders and the Company.	16
	 	 
	ARTICLE IX. DEFAULT; TERMINATION	17
	 	 
	Section 9.1 Termination.	17
	 	 
	ARTICLE X. GENERAL PROVISIONS	18
	 	 
	Section 10.1 Notices.	18
	Section 10.2 Disclosure Schedules.	19
	Section 10.3 Assignability; Binding Agreement; Third Party Beneficiary.	19
	Section 10.4 Severability.	19
	Section 10.5 No Agreement Until Executed	19
	Section 10.6 Certain Definitions.	19
	Section 10.7 Interpretation.	22
	Section 10.8 Fees and Expenses.	22
	Section 10.9 Governing Law.	22
	Section 10.10 Specific Performance.	22
	Section 10.11 Venue; Consent to Jurisdiction.	23
	Section 10.12 Mutual Drafting.	23
	Section 10.13 Integration.	23
	Section 10.14 Counterparts.	23
	Section 10.15 Amendments, Waivers and Consents	23
	Section 10.16 Investors’ Representative.	24

 

    ii

     

    

 

	EXHIBITS	 
	Exhibit A	Stockholder Listing
	Exhibit B	Form of Certificate of Merger
	Exhibit C	Certificate of Incorporation
	Exhibit D	Letter of Transmittal
	Exhibit E	Exchange Agreement
	Exhibit F	Form of Convertible Promissory Note
	 	 
	SCHEDULES	 
	Schedule 1.4	Directors and Officers
	Schedule 2.1	Merger Consideration

 

    iii

     

    

 

AGREEMENT
AND PLAN OF MERGER

 

This AGREEMENT AND
PLAN OF MERGER (this “Agreement”) is dated as of January 27, 2021, by and among Spectrum Global Solutions, Inc.,
a Nevada corporation (the “Buyer”), HW Merger Sub, Inc., a Delaware corporation (the “MergerCo”),
HWN, Inc., a Delaware corporation (the “Company”), certain of the stockholders of the Company (each stockholder
of the Company, a “Stockholder” and collectively, the “Stockholders”), and Mark Porter (the
“Investors’ Representative”) (each a “Party” or collectively “Parties”).
Certain terms used in this Agreement are defined in Section 10.6 hereof. An index of defined terms used in this Agreement
is attached as Annex A hereto.

 

WHEREAS, the Stockholders
set forth on Exhibit A own beneficially and of record all of the outstanding shares of common stock of the Company, par
value $0.0000001 per share (the “Stock”);

 

WHEREAS, Buyer, MergerCo
and the Company desire to effect the merger (the “Merger”) of MergerCo with and into the Company in accordance
with this Agreement and the Delaware General Corporation Law (the “DGCL”), with the Company surviving the Merger.

 

WHEREAS, (a) the
respective boards of directors of the Company and MergerCo have approved this Agreement, the Merger and the other transactions
contemplated hereby, and the board of directors of Buyer has approved this Agreement, and (b) the board of directors of the
Company has declared the Merger, this Agreement and the other transactions contemplated by this Agreement to be advisable and in
the best interest of the Company and its Stockholders, and has directed that the Merger, this Agreement and the other transactions
contemplated by this Agreement be submitted to the Company’s Stockholders for their approval.

 

NOW THEREFORE, in consideration
of the mutual agreements and covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereto agree as follows:

 

ARTICLE I.

THE MERGER

 

Section 1.1 The
Merger. Subject to the terms and conditions of this Agreement, at the Effective Time, the Company and MergerCo shall consummate
the Merger pursuant to which (a) MergerCo shall be merged with and into the Company and the separate corporate existence of
MergerCo shall thereupon cease, (b) the Company shall be the surviving corporation in the Merger (the “Surviving
Corporation”) and shall continue to be governed by the Laws of the State of Delaware, and (c) the separate corporate
existence of the Company with all its rights, privileges, immunities, powers and franchises shall continue unaffected by the Merger.
The Merger shall have the effects specified in the DGCL. Without limiting the generality of the foregoing, at the Effective Time,
except as otherwise provided in this Agreement, all the properties, rights, privileges and franchises of the Company and MergerCo
shall vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and MergerCo shall vest in the Surviving
Corporation.

 

     

     

    

 

Section 1.2 The
Effective Time. On the Closing Date, MergerCo and the Company shall duly execute the certificate of merger in substantially
in the form attached hereto as Exhibit B (the “Certificate of Merger”) and file such Certificate of Merger
with the Secretary of State of the State of Delaware in accordance with the DGCL. The Merger shall become effective at such time
as the Certificate of Merger, accompanied by payment of the filing fee (as provided in the DGCL), has been examined by, and received
the endorsed approval of, the Secretary of State of the State of Delaware (the “Effective Time”).

 

Section 1.3 Certificate
of Incorporation and By-Laws. As of the Effective Time, the certificate of incorporation of the Surviving Corporation shall
be as set forth on Exhibit C attached hereto until thereafter amended as provided by Law and the terms of such certificate
of incorporation. The bylaws of MergerCo, as in effect immediately prior to the Effective Time, shall be the bylaws of the Surviving
Corporation until thereafter amended as provided by Law, by the terms of the certificate of incorporation of the Surviving Corporation
and by the terms of such bylaws.

 

Section 1.4 Directors
and Officers. The board of directors and officers of the Surviving Corporation immediately following the Effective Time shall
be as set forth on Schedule 1.4.

 

Section 1.5 Closing.
The closing of the Merger (the “Closing”) shall occur at 10:00 a.m. Central time as promptly as practicable
following the date hereof, but in no event later than the date that is three (3) days following the satisfaction and/or waiver
of all conditions to the Merger set forth in Article VIII (other than conditions which can be satisfied only by the delivery of
certificates, opinions or other documents at the Closing, but subject to the satisfaction or waiver of such conditions), unless
this Agreement has been terminated pursuant to its terms or another date or place is agreed in writing by each of the Parties.
The Parties may execute the Closing in person or telephonically, and documents and other deliverables may be exchanged by electronic
exchange of electronic documents (including by e-mail of .pdf, .tiff, JPEG or similar files) or facsimile. The date on which the
Closing occurs is referred to in this Agreement as the “Closing Date”. The Closing shall take place at the offices
of Ice Miller, 200 W Madison St. Ste 3500, Chicago, IL 60606, or at such other place as agreed to by the Parties.

 

ARTICLE II.

EFFECT OF THE MERGER ON THE STOCK OF THE COMPANY

 

Section 2.1 Effect
on Stock. At the Effective Time, by virtue of the Merger and without any action on the part of the Stockholders or any other
Person:

 

(a) Each share of
common stock, par value $0.01 per share, of MergerCo that is issued and outstanding immediately prior to the Effective Time
shall be converted into one fully paid and nonassessable share of common stock of the Surviving Corporation.

 

(b) The Stock
that is issued and outstanding immediately prior to the Effective Time, shall be converted into the consideration set forth
on Schedule 2.1; provided, that in the aggregate, such consideration shall consist of one thousand five hundred (1,500) shares of Series D stock of the Buyer (the “Class D Stock”), Notes in the initial amount of
$350,000, and other equity instrument(s) (collectively, the “Merger Consideration”).

 

    2

     

    

 

(c) For all
purposes of this Agreement, the Merger Consideration will be distributed in accordance with Schedule 2.1 (the
“Merger Consideration Allocation”).

 

(d) All shares of
Stock, when converted as provided in Section 2.1(b) and Section 2.1(c), shall no longer be outstanding and
shall automatically be cancelled and retired and shall cease to exist, and each certificate
(“Certificate”) previously evidencing such shares shall thereafter represent only the right to receive
that portion of the Merger Consideration payable under Section 2.1(b) above in respect of the shares of Stock
underlying such Certificate. The holders of Certificates previously evidencing shares of Stock outstanding immediately prior
to the Effective Time shall cease to have any rights with respect to the Stock except as otherwise provided herein or by Law
and, upon the surrender of Certificates in accordance with the provisions of Section 2.2, shall only represent the
right to receive the Merger Consideration in accordance with Sections 2.2 (a), in exchange for their shares of Stock
in accordance with the terms and conditions hereunder.

 

Section 2.2 Payment
for Shares of Company Stock.

 

(a) Prior to the
Effective Time, the Company shall mail to each holder of record of Stock, a letter of transmittal in the form attached hereto
as Exhibit D (the “Letter of Transmittal”), which shall provide instructions for surrendering the
Certificates in exchange for the applicable portion of the Merger Consideration in accordance with Schedule 2.1.

 

(b) At the
Effective Time, the Buyer shall (or shall cause the Surviving Corporation to) (i) pay the cash portion of the Merger
Consideration to the Stockholders, by wire transfer of immediately available funds to accounts designated in writing by such
recipients, (ii) issue the securities that constitute a portion of the Merger Consideration, (iii) issue the Note, in each
case in accordance with the Merger Consideration Allocation Schedule to the Stockholders who shall have delivered to the
Buyer a properly completed and executed Letter of Transmittal; and

 

(c) No
Stockholder shall be entitled to any payment of Merger Consideration with respect to such Stockholder’s shares of
Company Stock until a properly completed and executed Letter of Transmittal has been delivered to the Buyer.

 

(d) Until the
consummation of the Merger, each Certificate shall represent solely the right to receive a portion of the Merger
Consideration in accordance with the terms herein. If the Merger Consideration (or any portion thereof) or any other amounts
payable hereunder is to be delivered to any Person other than the Person in whose name the Certificate formerly representing
the shares of Company Stock surrendered therefor is registered, it shall be a condition to such right to receive such Merger
Consideration that the Person surrendering such shares of Company Stock shall pay to Buyer (or the Surviving Corporation, as
applicable) any transfer taxes or other Taxes required by reason of the payment of a portion of the Merger Consideration to a
Person other than the registered holder of the Certificate surrendered, or shall establish to the reasonable satisfaction of
Buyer (or the Surviving Corporation, as applicable) that such Tax has been paid or is not applicable.

 

    3

     

    

 

(e) At the
Effective Time, the Stock transfer books of the Company shall be closed and thereafter, there shall be no further
registration of transfers of shares of Stock that were outstanding immediately prior to the Effective Time on the stock
transfer books of the Surviving Corporation.

 

Section 2.3 Deliveries
at the Closing.

 

(a) At the
Closing, the Company and the Investors’ Representative shall deliver (or cause to be delivered) the following items to
the Buyer:

 

(i) a
Letter of Transmittal, duly executed by each Stockholder;

 

(ii) an
officer’s Certificate of the Company as to (A) its certificate of incorporation, as amended, (B) its Bylaws, as
amended, (C) resolutions authorizing the transactions contemplated by this Agreement, and (D) a good standing certificate
issued by the Secretary of State of the State of Delaware dated within five (5) Business Days of the Closing for each
entity;

 

(iii) the
officer’s certificate referenced in Section 8.2(g).

 

(b) At the
Closing, the Buyer shall deliver the following items to the Stockholders:

 

(i) the
Merger Consideration, including stock certificates for the Class D Stock included therein;

 

(ii) an
equity incentive grant agreement granting to Mark Porter ninety  (90) shares of Class D Stock, which shall provide for
full vesting upon the listing of the Buyer's common stock on a national securities exchange;

 

(iii) an
officer’s Certificate certifying as to (A) the Buyer’s Certificate of Incorporation, (B) the Buyer’s
Bylaws, (C) resolutions of the Buyer’s board of directors authorizing the transactions contemplated by this Agreement,
and (D) the capitalization of the Buyer as of immediately prior to the Merger and the transactions contemplated by the
Exchange Agreement and immediately following the Merger and giving effect to the transactions contemplated by the Exchange
Agreement, and (E) a good standing certificate issued by the Secretary of State of the State of Nevada dated within five (5)
Business Days of the Closing; and

 

(iv) the
officer’s certificate referenced in Section 8.3(e).

 

    4

     

    

 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES

OF THE COMPANY

 

In order to induce
the Buyer to enter into this Agreement and the other Transaction Agreements, the Company hereby makes the following representations
and warranties contained in this Article III to the Buyer as of the date of this Agreement (or, if made as of a specified
date, as of such date), and as of the Closing Date as though made on the Closing Date.

 

Section 3.1 Organization,
Standing, and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the Laws of
the State of Delaware and has the requisite corporate power to own, lease and operate its properties and assets and to conduct
its business as it is now being conducted. The Company does not own securities of any kind in any other entity, except as set forth
in Section 3.1. The Company is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction
in which the nature of the business conducted or property owned by it makes such qualification necessary, except for any jurisdiction(s)
(alone or in the aggregate) in which the failure to be so qualified will not have a Material Adverse Effect. Copies of the certificate
of incorporation and bylaws and any other similar organizational or governing documents (collectively, the “Organizational
Documents”) of the Company have been delivered to the Buyer by the Company and are correct and complete in all respects
and no amendments thereto are pending. The Company is not in violation of the terms of any of its Organizational Documents.

 

Section 3.2 Authority,
Execution and Delivery; Enforceability. The Company has the requisite corporate power and authority to enter into and perform
this Agreement. The execution, delivery and performance of this Agreement by the Company and the consummation by the Company of
the transactions contemplated thereby have been duly and validly authorized by all necessary corporate action, and no further consent
or authorization of the Company or its board of directors or the Stockholder is required. This Agreement has been duly executed
and delivered by the Company. This Agreement constitutes a valid and binding obligation of the Company enforceable against the
Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization, moratorium,
liquidation, conservatorship, receivership or similar Laws relating to, or affecting generally the enforcement of, creditor’s
rights and remedies or by equitable principles or remedies of general application.

 

Section 3.3 No Conflicts.
The execution, delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated
hereby will not (i) conflict with or result in a breach or violation of any term or provision of, or constitute a default under,
the certificate of formation or operating agreement of the Company or (ii) violate or conflict with any Law, order, agreement or
other obligation to which the Company is subject or bound, except in each case of clauses (i) and (ii) for such conflicts or violations
which do not have and would not reasonably be expected to have, individually or in the aggregate, a material and adverse effect
on the Company or its ability to consummate the transactions contemplated by this Agreement.; (iii) require the Company to provide
any notice to, make any declaration or filing with, or obtain the consent or approval of, any Governmental Authority or other Person;
or (iv) violate or result in a violation of or constitute a default (whether after the giving of notice, lapse of time or both)
under, give rise to or accelerate any obligation or right under, or give rise to a right of termination of or result in a loss
of benefit under any agreement, contract, instrument, mortgage, lien, lease, permit, license, authorization, order, writ, judgment,
injunction, decree, determination or arbitration award to which the Company is a party or by which any of the Company’s assets
or the Stock is bound or affected, or result in the creation or imposition of any Encumbrance on any of the Company’s assets
or the Stock.

 

    5

     

    

 

Section 3.4 Capitalization.
Schedule 3.4 sets forth all of the authorized Equity Interests of the Company. As of the date of this Agreement, the Company
Stock represents 100% of the issued and outstanding securities of the Company. As of the date hereof, there are no outstanding
subscriptions, options, rights, warrants, convertible securities, or other agreements or commitments obligating the Company to
issue any additional securities or giving the right to any other Person to receive any such securities in the Company. All of the
issued and outstanding Equity Interests of the Company are owned beneficially and of record as set forth on Schedule 3.4,
free and clear of any Encumbrances. All of the issued and outstanding Equity Interests of the Company have been duly and validly
issued, are fully paid and non-assessable and were issued in compliance with all applicable Laws and not in violation of any preemptive
or similar rights. All powers, privileges and rights, and the qualifications, limitations or restrictions thereof in respect of
the Stock are as set forth in the Organizational Documents delivered to the Buyer.

 

Section 3.5 Material
Changes; Undisclosed Events, Liabilities, or Developments. Since December 31, 2019, (i) there has been no event, occurrence
or development that, individually or in the aggregate, has had, or that would reasonably be expected to result in a Material Adverse
Effect on the Company, (ii) the Company does not have any liabilities of a type that would be required to be set forth on a balance
sheet prepared in accordance with U.S. generally accepted accounting principles or disclosed in the footnotes thereto, and (iii)
the Company has not declared or made any dividend or distribution of cash or other property to the Stockholders or purchased, redeemed
or made any agreements to purchase or redeem any of its membership interests.

 

Section 3.6 No Litigation.
There is no claim, suit, action, litigation, arbitration or administrative or other legal Proceeding (each, an “Action”)
pending or, to the Company’s Knowledge, threatened against the Company which relates to, or would reasonably be expected
to prohibit or materially impair, the consummation of the transactions contemplated by this Agreement.

 

Section 3.7 Absence
of Brokers. The Company has not engaged the services of any broker or finder in connection with the consummation of the transactions
contemplated by this Agreement.

 

Section 3.8 Compliance.
The Company is not: (i) in default under or in violation of (and, to the Knowledge of the Company, no event has occurred that has
not been waived that, with notice or lapse of time or both, would result in a default by the Company under), nor has the Company
received written notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement
or any other agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such
default or violation has been waived); (ii) in violation of any judgment, decree or order of any court, arbitrator or other Governmental
Authority; or (iii) in violation of any statute, rule, ordinance or regulation of any Governmental Authority applicable to the
Company, including without limitation all foreign, federal, state and local Laws relating to Taxes, environmental protection, occupational
health and safety, product quality and safety and employment and labor matters; except in each case of clauses (i) through (iii)
as, individually or in the aggregate, has not had, and would not reasonably be expected to result in, a Material Adverse Effect
on the Company.

 

    6

     

    

 

ARTICLE IV.

REPRESENTATIONS AND WARRANTIES OF THE STOCKHOLDERS

 

In order to induce
the Buyer to enter into this Agreement and the other Transaction Agreements, each Stockholder hereby severally, and not jointly,
makes each of the following representations and warranties contained in this Article IV to the Buyer as of the date of this
Agreement (or, if made as of a specified date, as of such date), and as of the Closing Date as though made on the Closing Date.

 

Section 4.1 Good
Title. Such Stockholder is the record and beneficial owner, and has good title to the Company Stock held by him or it, as set
forth on Schedule 3.4, free and clear of all liens, security interests, pledges, equities and claims of any kind, voting trusts,
stockholder agreements and other Encumbrances (collectively, “Liens”).

 

Section 4.2 Organization
and Standing of Stockholder. If Stockholder is an entity, such Stockholder is duly incorporated, validly existing and in good
standing under the Laws of its jurisdiction of incorporation.

 

Section 4.3 Authority;
Execution and Delivery; Enforceability. Such Stockholder has the requisite power and authority to enter into and perform this
Agreement. The execution, delivery and performance of this Agreement by the Stockholder and the consummation by the Stockholder
of the transactions contemplated hereby have been duly and validly authorized by all necessary action, and no further consent or
authorization of the Stockholder or, if applicable, its board of directors is required. This Agreement has been duly executed and
delivered by the Stockholder. This Agreement constitutes a valid and binding obligation of the Stockholder, enforceable against
such Stockholder in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization,
moratorium, liquidation, conservatorship, receivership or similar Laws relating to, or affecting generally the enforcement of,
creditor’s rights and remedies or by equitable principles or remedies of general application.

 

Section 4.4 No Conflicts.
The execution, delivery and performance of this Agreement by such Stockholder and the consummation of the transactions contemplated
hereby will not (i) if Stockholder is not a natural person, conflict with or result in a breach or violation of any term or provision
of, or constitute a default under, the governing documents of such Stockholder or (ii) violate or conflict with any, Law, order,
agreement or other obligation to which such Stockholder is subject or bound, except in each case of clauses (i) and (ii) for such
conflicts or violations which do not have and would not reasonably be expected to have, individually or in the aggregate, a material
and adverse effect on the Company or such Stockholder’s ability to consummate the transactions contemplated by this Agreement.

 

Section 4.5 No Litigation.
There is no Action pending or, to such Company’s Knowledge, threatened against such Company which relates to, or would reasonably
be expected to prohibit or materially impair, the consummation of the transactions contemplated by this Agreement or the other
Transaction Documents.

 

Section 4.6 Absence
of Brokers. Stockholder has not engaged the services of any broker or finder in connection with the consummation of the transactions
contemplated by this Agreement, and upon consummation of the transactions contemplated hereby, no fee or payment shall be due from
the Company to any brokers or finders engaged by such Stockholder.

 

    7

     

    

 

ARTICLE V.

REPRESENTATIONS AND WARRANTIES OF THE BUYER AND MERGER CO

 

In order to induce
the Company and the Stockholders to enter into this Agreement and the other Transaction Agreements, the Buyer and MergerCo makes
each of the following representations and warranties contained in this Article V to the Company and the Stockholders as
of the date of this Agreement (or, if made as of a specified date, as of such date), and as of the Closing Date as though made
on the Closing Date.

 

Section 5.1 Organization
and Power. Buyer is a corporation duly organized, validly existing and in good standing under the Laws of the State of Nevada.
Attached hereto as Schedule 5.1 is a copy of Buyer's certified Articles of Incorporation, including the filed Certificate
of Designation for the Class D Stock. MergerCo is a corporation duly organized, validly existing and in good standing under the
Laws of the State of Delaware. The Buyer and MergerCo each have necessary corporate power to own its properties and to carry on
its business. Buyer and MergerCo are duly qualified or licensed to do business and are in good standing in each of the jurisdictions
in which the character of the properties owned or held under lease by it or the nature of the business transacted by it makes such
qualification necessary, except where the failure to be so qualified or in good standing when taken together with all other such
failures, has not, and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

Section 5.2 Authority;
Execution and Delivery; Enforceability. The Buyer and MergerCo each have the requisite power and authority to enter into and
perform this Agreement. The execution, delivery and performance of this Agreement by the Buyer and MergerCo and the consummation
by the Buyer and MergerCo of the transactions contemplated thereby have been duly and validly authorized by all necessary corporate
action, and no further consent or authorization from any party is required. This Agreement has been duly executed and delivered
by the Buyer and MergerCo. This Agreement constitutes a valid and binding obligation of the Buyer and MergerCo enforceable against
Buyer and MergerCo in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization,
moratorium, liquidation, conservatorship, receivership or similar Laws relating to, or affecting generally the enforcement of,
creditor’s rights and remedies or by equitable principles or remedies of general application.

 

Section 5.3 No Conflicts.
The execution, delivery and performance by the Buyer and MergerCo of this Agreement and the consummation of the transactions contemplated
hereby will not (i) conflict with or result in a breach or violation of any term or provision of, or constitute a default under,
the articles of incorporation or bylaws of Buyer or MergerCo or (ii) violate or conflict with any, Law, order, agreement or other
obligation to which Buyer or MergerCo is subject or bound, except in each case of clauses (i) and (ii) for such conflicts or violations
which do not have and would not reasonably be expected to have, individually or in the aggregate, a material and adverse effect
on Buyer or MergerCo or its ability to consummate the transactions contemplated by this Agreement.

 

    8

     

    

 

Section 5.4 Capitalization.
Schedule 5.4 sets forth all of the authorized Equity Interests of the Buyer and all of the issued and outstanding Equity
Interests of the Buyer, both as of the date hereof and after giving effect to the transactions contemplated in this Agreement and
in the Transaction Agreements. All of the issued and outstanding Equity Interests of the Buyer have been duly and validly issued,
are fully paid and non-assessable and were issued in compliance with all applicable Laws and not in violation of any preemptive
or similar rights. All powers, privileges and rights, and the qualifications, limitations or restrictions thereof in respect of
the stock of the Buyer are as set forth in the Organizational Documents delivered to the Company. When issued pursuant to this
Agreement, the shares of the Buyer that will constitute a portion of the Merger Consideration shall be duly and validly issued,
fully paid and non-assessable, issued in compliance with all applicable laws, free and clear of all Liens.

 

Section 5.5 Securities
Act of 1933. Buyer and MergerCo have complied and will comply with all applicable federal and state securities Laws in connection
with the offer, issuance and sale of the securities that comprise a portion of the Merger Consideration hereunder and no registration
under the Securities Act is required in connection therewith. Neither Buyer nor MergerCo nor anyone acting on their behalf, directly
or indirectly, has or will sell, offer to sell or solicit offers to buy any of the Company’s capital stock, or similar securities
to, or solicit offers with respect thereto from, or enter into any preliminary conversations or negotiations relating thereto with,
any Person, or has taken or will take any action so as to require registration of the issuance and sale of any of the stock that
constitutes a portion of the Merger Consideration under the registration provisions of the Securities Act and applicable state
securities Laws. Neither Buyer nor MergerCo, nor any of their Affiliates, nor any Person acting on its or their behalf, has engaged
in any form of general solicitation or general advertising (within the meaning of Regulation D under the Securities Act) in connection
with the offer or sale of any of the stock that constitutes a portion of the Merger Consideration.

 

Section 5.6 No Litigation.
There is no Action pending or, to Buyer’s Knowledge, threatened against Buyer or MergerCo which relates to, or would reasonably
be expected to prohibit or materially impair, the consummation of the transactions contemplated by this Agreement.

 

Section 5.7 Absence
of Brokers. Neither Buyer nor MergerCo have engaged the services of any broker or finder in connection with the consummation
of the transactions contemplated by this Agreement.

 

    9

     

    

 

Section 5.8 SEC
Documents; Regulatory Reports; Undisclosed Liabilities.

 

(a) Buyer has timely
filed all reports, schedules, registration statements and other documents required under applicable legal requirements (as defined
below) to be filed by it with the Securities Exchange Commission (“SEC”) since December 31, 2017 (the “Buyer
SEC Documents”). Buyer has delivered or made available to the Company true, correct and complete copies of all Buyer
SEC Documents, all comment letters received by Buyer from the SEC since December 31, 2017, all responses to such comment letters
by or on behalf of Buyer and all other correspondence since December 31, 2017 between the SEC and Buyer, in each case to the extent
not available to the public in completely unredacted form on the electronic data gathering, analysis, and retrieval system. No
subsidiary of Buyer is, or since December 31, 2017 has been, required to file any form, report, registration statement or other
document with the SEC. As of their respective dates of filing with the SEC (or, if amended or superseded by a filing prior to the
date hereof, as of the date of such filing), the Buyer SEC Documents complied in all material respects with the requirements of
the Securities Act of 1933 (the “Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or the Sarbanes-Oxley Act, as the case may be, and the rules and regulations of the SEC thereunder applicable
to such Buyer SEC Documents, and none of the Buyer SEC Documents when filed contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading. The financial statements (including, in each case, any notes thereto) of Buyer included
in the Buyer SEC Documents complied, as of their respective dates of filing with the SEC, in all material respects with all applicable
accounting requirements and with the published rules and regulations of the SEC with respect thereto, have been prepared in accordance
with GAAP applied on a consistent basis during the periods involved (except as may be disclosed therein) and fairly present in
all material respects the consolidated financial position of Buyer and its consolidated subsidiaries and the consolidated results
of operations, changes in shareholders’ equity and cash flows of such companies as of the dates and for the periods shown,
subject, in the case of interim financial statements, to (i) the omission of notes to the extent permitted by Regulations S-X of
the SEC (but only if, in the case of interim financial statements included in Buyer SEC Documents since Buyer’s most recent
Annual Report on Form 10-K, such notes would not differ materially from the notes to the financial statements included in such
Annual Report) and (ii) normal, recurring year-end adjustments (but only if the effect of such adjustments would not, individually
or in the aggregate, be material). No financial statements of any Person other than the subsidiaries of Buyer are, or, since December
31, 2017 have been, required by GAAP to be included in the consolidated financial statements of Buyer.

 

(b) Since December
31, 2017, Buyer and each of its subsidiaries have timely filed all material reports, registrations and statements, together with
any amendments required to be made with respect thereto, that were required to be filed by them under any Applicable Legal Requirements
with any other applicable Governmental Authority (the “Applicable Legal Requirements”), and have paid all fees
and assessments due and payable in connection therewith. As of their respective dates (and without giving effect to any amendments
or modifications filed after the date of this Agreement with respect to reports and documents filed before the date of this Agreement),
each of such reports, registrations and statements (including the financial statements, exhibits and schedules therein) complied
in all material respects with the applicable statutes, rules, regulations and orders enforced or promulgated by the Governmental
Authority which they were filed.

 

(c) Except for (i)
those liabilities that are fully reflected or reserved for in the consolidated financial statements of Buyer included in its Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30, 2020, as filed with the SEC prior to the date of this Agreement,
(ii) liabilities incurred since September 30, 2020 in the ordinary course of business consistent with past practice, and (iii)
liabilities that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect on Buyer,
Buyer and its subsidiaries do not have, and since September 30, 2020 and its subsidiaries have not incurred to the date of this
Agreement, any liabilities or obligations of any nature whatsoever (whether accrued, absolute, contingent or otherwise, whether
due or to become due and whether or not required to be reflected in the Buyer financial statements in accordance with GAAP).

 

(d) As used in this
Section 5.8, the term “file” shall be broadly construed to include any manner in which a document or information
is filed, furnished, transmitted or otherwise made available to the SEC or any other Governmental Authority.

 

    10

     

    

 

Section 5.9 Compliance
with Applicable Legal and Reporting Requirements.

 

(a) Buyer and its subsidiaries
hold all permits, authorizations, licenses, variances, exemptions, orders and approvals of all Governmental Authorities that are
material to the operation of the businesses of Buyer and its subsidiaries, taken as a whole (the “Buyer Permits”),
the Buyer Permits are in full force and effect and Buyer and its subsidiaries are in compliance with the terms of the Buyer Permits,
except where the failure so to hold, be in full force and effect or comply would not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect on Buyer.

 

(b) Since December 31,
2017, each of Buyer and its subsidiaries has conducted its business in compliance in all material respects with all Applicable
Legal Requirements applicable to Buyer or any of its subsidiaries or to the employees conducting such businesses, except for violations
that have been cured or remedied. To the knowledge of Buyer, no investigation by any Governmental Authority with respect to Buyer
or any of its subsidiaries is pending or threatened nor is there any unresolved violation, criticism or exception by any regulatory
authority with respect to any report or statement relating to any examinations of Buyer or its subsidiaries.

 

Section 5.10 No
Vote Required. No approval by the holders of any class or series of Buyer capital stock is necessary to approve this Agreement
or authorize the transactions contemplated hereby (including the Merger).

 

ARTICLE VI.

ADDITIONAL AGREEMENTS

 

Section 6.1 Press
Releases. Any public announcement is prohibited unless mutually agreed upon, provided that Buyer shall not be prevented from
making any public statement or press release which is required to be made by Law or any rule of a stock exchange or similar organization
to which it is bound.

 

Section 6.2 Books
and Records. The Buyer shall have the exclusive right to possess and hold (and the Stockholders shall cause to be delivered
to the Buyer at Closing) all books and records of the Company or pertaining to its business. From and after the Closing, the Buyer
shall, and shall cause the Company to, until the seventh (7th) anniversary of the Closing Date or such longer period as required
by state, federal or local Law, retain all books, records and other documents pertaining to the business of the Company in existence
on the Closing Date and to make the same available for inspection by the Stockholders (at the Stockholders’ expense) at reasonable
times upon reasonable request and upon reasonable notice.

 

    11

     

    

 

Section 6.3 Further
Action; Cooperation. Each of the Parties hereto shall use its respective commercially reasonable efforts to take or cause to
be taken all appropriate action, do or cause to be done all things necessary, proper or advisable and execute and deliver such
documents and other papers, as may be required to carry out the provisions of this Agreement and the other Transaction Agreements
and consummate and make effective the transactions contemplated by hereby and thereby. For a period of five (5) years after Closing,
upon reasonable notice, during normal business hours and at the expense of the requesting party, each party will, to the extent
necessary to facilitate concluding the transactions contemplated hereby, audits, compliance with Laws and the requirements of governmental
entities and to the extent that it does not materially interfere with its business.

 

ARTICLE VII.

COVENANTS

 

Section 7.1 Conduct
of the Company's Business Prior to Closing. The Company covenants and agrees that from and after the date hereof and pending
the Closing:

 

(a) the
Company's business will be conducted only in the ordinary and usual course, including normal commitments for the purchase of supplies
and the sale of goods or services, and the Company will maintain its customary levels of accounts payable, accounts receivable
and inventories;

 

(b) no
contract has been or will be entered into by or on behalf of the Company, other than in the ordinary course of business consistent
with past practices and the terms of this Agreement, without the Buyer’s prior approval;

 

(c) the
Company will use commercially reasonable efforts to preserve its business organization intact, to keep available to it the services
of present officers and employees and to preserve the Company's reputation and goodwill and the goodwill of its suppliers, customers
and others having business relations with the Company;

 

(d) no
reorganization, declaration, setting aside or payment of any dividend or other distribution in respect of the Company's Stock or
Equity Interests, respectively, or any direct or indirect redemption, purchase or other acquisition of any such Stock or Equity
Interests will be effected by the Company;

 

(e) the
Company will not sell or lease any of its assets or properties, tangible or intangible, except in the ordinary course of business;

 

(f) the
Company will not make any commitment for capital expenditures in excess of $10,000.00, except with the prior written consent of
the Buyer;

 

(g) the
Company will not promise, award or pay any bonuses or salary increases, other than in the ordinary course of business in a manner
consistent with demonstrable past practice, or make any contributions to any profit-sharing or pension plan; nor will the Company
enter into or amend any contract of employment or contract setting or amending any term or condition of employment of employees
without the Buyer’s prior written approval, which shall not be unreasonably withheld, delayed or conditioned; and

 

(h) the
Company will not grant a security interest in any of its assets or properties.

 

    12

     

    

 

Section 7.2 Conduct
of the Buyer's Business Prior to Closing. The Buyer covenants and agrees that from and after the date hereof and pending the
Closing:

 

(a) except as
otherwise provided in this Agreement or consented to in writing by the Company, the Buyer and each of its Subsidiaries will
conduct their business in the ordinary course consistent with past practices and use commercially reasonable efforts to
maintain and preserve intact the current organization and business of the Buyer and its Subsidiaries and to preserve the
rights, goodwill and relationships of its employees, customers, lenders, suppliers, and others having business relationships
with the Buyer or any of its Subsidiaries;

 

(b) the Buyer and
each of its Subsidiaries will perform all of their obligations under all Contractual Obligations relating to or affecting its
properties, assets or business;

 

(c) the Buyer and
each of its Subsidiaries will pay their debts, Taxes and other obligations when due, comply with their credit facilities,
including, without limitations, any forbearance agreements in connection therewith;

 

(d) neither the
Buyer nor any of its Subsidiaries will incur any indebtedness for borrowed money, assume, guarantee, endorse or otherwise as
an accommodation become responsible for the obligations of any other Person, or make any loan or advance or capital
contribution to, or investment in any Person;

 

(e) the Buyer
will not adjust, split, combine or reclassify any of its Equity Interests or directly or indirectly redeem, purchase or
otherwise acquire, any of its Equity Interests or any securities or obligations convertible (whether currently convertible or
convertible only after the passage of time or the occurrence of certain events) into or exchangeable for any of its Equity
Interests;

 

(f) neither the
Buyer nor any of its Subsidiaries will issue any additional Equity Interests, as applicable, or any securities or debt
convertible into or exchangeable for Equity Interests, as applicable, including any phantom stock rights, stock appreciation
rights, stock-based performance units, or other equity-based compensation awards;

 

(g) the Buyer
will not sell, transfer, mortgage, encumber, abandon, license, lease, or otherwise dispose of any material amount of its
properties or assets (including Equity Interests of any Subsidiary) to any Person;

 

(h) neither the
Buyer nor any of its Subsidiaries will make any investment either by purchase of stock or securities, contributions to
capital, property transfers, or purchase of all or any significant portion of the property or assets of any Person;

 

(i) neither the
Buyer nor any of its Subsidiaries will implement or adopt any change in its financial accounting principles, practices or
methods, other than as may be required by a change in applicable Law or GAAP, or accelerate or delay the (A) payment of any
accounts payable, (B) collection of accounts receivable or (C) making capital expenditures;

 

    13

     

    

 

(j) neither the
Buyer nor any of its Subsidiaries will enter into any Contractual Obligation or commitment (A) with respect to which the
Buyer or any of its Subsidiaries has any liability or obligation involving more than $10,000 or (B) which may place any
limitation on the method of conducting or the scope of the Buyer's or any of its Subsidiary's business, including any
Contractual Obligation or commitment that restricts the ability of the Buyer or any of its Subsidiaries to compete with, or
conduct, any business or line of business in any geographic area;

 

(k) neither the
Buyer nor any of its Subsidiaries will (A) waive any rights of substantial value or (B) cancel or forgive any Indebtedness
owed to the Buyer;

 

(l) neither the
Buyer nor any of its Subsidiaries will adopt a plan of liquidation, dissolution, merger, consolidation or other
reorganization;

 

(m) the Buyer
will not declare, set aside or pay any dividend or other distribution of assets (including in stock, property or otherwise)
in respect of any shares of capital stock or other Equity Interests;

 

(n) neither the
Buyer nor any of its Subsidiaries will (A) make, change or revoke any Tax election, (B) adopt or make any change to any Tax
accounting principles, methods or practices, (C) file any amended Tax return, (D) prepare or file any Tax return in a manner
inconsistent with past practice, (E) change a U.S. federal income tax classification, (F) consent to any extension or waiver
of the statute of limitations applicable to any Tax claim or assessment, or (G) request or consent to any extension or waiver
of the limitation period applicable to any Tax claim or assessment;

 

(o) the Buyer and
its Subsidiaries will not make any capital expenditures that, individually or in the aggregate, exceed $10,000;

 

(p) neither the
Buyer nor any of its Subsidiaries will make any change in or amendment to their Organizational Documents;

 

(q) neither the
Buyer nor any of its Subsidiaries will take any other action which could have a Material Adverse Effect on the Buyer or any
of its Subsidiaries; and

 

(r) neither the
Buyer nor any of its Subsidiaries will agree to take or make any commitment to take any of the actions prohibited by this Section
7.2.

 

Section 7.3 Insurance.
The Parties will maintain in force its insurance coverages, or insurance policies providing substantially the same coverages, up
to and including the Closing.

 

Section 7.4 Access
and Information. Each Party will give to the other Party and its Representatives full access during normal business hours throughout
the period after the signing hereof to all of the respective Party’s places of business, operations, key employees knowledgeable
about the operations and sales of the respective Party and to all books and records, all in order that each Party may have full
opportunity to make such legal, financial, tax, technical, accounting and other reviews and investigation of the other Party and
its business as its shall desire to make.

 

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Section 7.5 Notice
of Developments. Between the date of this Agreement and the Closing, each Party shall promptly notify the other Party in writing
if it becomes aware of any fact or condition that (a) causes or constitutes a breach of any of their representations and warranties,
(b) would constitute or could reasonably be expected to lead to Material Adverse Effect, or (c) could reasonably be expected to
be material to the post-closing ownership, operation and administration of the Buyer's business. Should any such fact or condition
require any change to the disclosure schedules (the “Schedules”), such Party shall promptly deliver to the other
Party a supplement to the applicable schedule specifying such change (a “Schedule Supplement”), which shall
not be deemed to modify such schedule unless expressly accepted in writing by the other Party. The acceptance of any Schedule Supplement
shall not constitute a waiver of any rights or claims the receiving Party may have relating to or arising from the event, fact
or information contained in such Schedule Supplement, including rights to indemnification, beyond the rights or claims had the
Scheduled Supplement been provided on the date of this Agreement.

 

Section 7.6 Exclusivity.
Neither Party will: (i) solicit, initiate, or encourage the submission of any proposal or offer from any party relating to the
acquisition of the assets and securities, such Party’s business or any equity securities of such Party (including any acquisition
structured as a merger, consolidation, or share exchange), or (ii) participate in any discussions or negotiations regarding, furnish
any information with respect to, assist or participate in, or facilitate in any other manner any effort or attempt by any party
to do or seek any of the foregoing. Both Parties will notify the other Party immediately if any party makes any proposal, offer,
inquiry, or contact with respect to any of the foregoing.

 

ARTICLE VIII.

CONDITIONS TO THE CLOSING

 

Section 8.1 Conditions
to the Obligations of Each Party. The respective obligations of each party hereto to effect the consummation of the transactions
contemplated by this Agreement are subject to the satisfaction of the following conditions, any one or more of which may be waived,
in writing, by the other Parties hereto, where permissible, at or prior to the Closing:

 

(a) Merger.
The Certificate of Merger shall have been filed with and accepted by the Secretary of State of the State of Delaware.

 

(b) No
Proceedings; Injunctions, Orders or Restraints; Illegality. No Proceeding shall be pending or threatened before any court
or other Governmental Authority wherein an unfavorable injunction, judgment, order, decree, ruling, or charge would: (i)
prevent consummation of any of the transactions contemplated by this Agreement, or (ii) cause any of the transactions
contemplated by this Agreement to be rescinded following consummation. No preliminary or permanent injunction or other order,
decree or ruling issued by a court or other Governmental Authority nor any statute, rule, regulation, executive order or
other Law promulgated or enacted by any Governmental Authority shall be in effect or pending that would have the effect of
(x) making the consummation of any of the transactions contemplated by this Agreement illegal or (y) otherwise
prohibiting the consummation of any of the transactions contemplated hereby.

 

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Section 8.2 Additional
Conditions to Obligations of Buyer and MergerCo. The obligations of Buyer and MergerCo to effect the consummation of the transactions
contemplated by this Agreement are further subject to the satisfaction of the following conditions, any one or more of which may
be waived, in writing, by Buyer at or prior to the Closing:

 

(a) Representations
and Warranties. Subject to the Disclosure Schedules, the representations and warranties of the Company and the
Stockholders set forth in Article III and Article IV (after giving effect to matters disclosed on the
Schedules) respectively, shall be true and correct in all material respects on the date of this Agreement and at and as of
the Closing Date (except to the extent such representations and warranties expressly relate to a specific date in which case
such representations and warranties shall be true and correct as of such date).

 

(b) Performance
and Obligations. The Stockholders and the Company shall have performed or complied in all material respects with all
agreements and covenants required by this Agreement to be performed or complied with by the Stockholders or the Company at or
prior to the Closing.

 

(c) Closing
Deliveries. The Company and Investors’ Representative shall have delivered or provided to the Buyer all items
described in Section 2.3(a) and the Buyer shall have reviewed and approved the Schedules Supplement of the Company, if
any, in its reasonable discretion.

 

(d) No Company
Material Adverse Effect. Since the date of this Agreement there shall not have occurred, and there shall not exist, any
fact, condition, circumstance, change, development or occurrence that has had or would reasonably be expected to have,
individually or in the aggregate, a Company Material Adverse Effect.

 

(e) Stockholder
Deliveries. All Stockholders shall have executed and delivered all necessary Stockholder consents and approvals,
including the Letters of Transmittal.

 

(f) Receipt of
FIRPTA Certificates. The Buyer shall have received from each Stockholder, a certification complying with Treasury
Regulation Section 1.1445-2(b)(2) and an affidavit complying with Section 1446(f) of the Code, in each case, dated as of the
Closing Date and in a form reasonably acceptable to the Buyer.

 

(g) Officer’s
Certificate. The Company shall have delivered a certificate of an authorized officer of the Company dated as of the
Closing Date, certifying as to the satisfaction of the conditions of Closing of the Company.

 

(h) Paycheck
Protection Program Loan. The loan issued to JTM Electrical and Technology, LLC under the paycheck protection program,
pursuant to that certain note issued by Cornerstone Bank, dated as of April 11, 2020 shall have been forgiven in full.

 

Section 8.3 Additional
Conditions to Obligations of the Stockholders and the Company. The obligations of the Stockholders and the Company to effect
the consummation of the transactions contemplated by this Agreement are further subject to the satisfaction of the following conditions,
any one or more of which may be waived, in writing, by the Investors’ Representative or the Company at or prior to the Closing:

 

(a) Representations
and Warranties. The representations and warranties of the Buyer and MergerCo set forth in Article V (after giving
effect to matters disclosed on the Schedules) shall be true and correct in all material respects as of the Closing Date,
except for the representations contained in Section 5.4, which shall be true and correct in all respects as of the
Closing Date.

 

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(b) Performance
and Obligations of the Buyer. The Buyer and MergerCo shall each have performed or complied in all material respects with
all agreements and covenants required by this Agreement to be performed or complied with by the Buyer and MergerCo,
respectively, at or prior to the Closing.

 

(c) No Buyer
Material Adverse Effect. Since the date of this Agreement there shall not have occurred, and there shall not exist, any
fact, condition, circumstance, change, development or occurrence that has had or would reasonably be expected to have,
individually or in the aggregate, a Buyer Material Adverse Effect.

 

(d) Closing
Deliveries. The Buyer and MergerCo shall have delivered or provided to the Company all items described in Section
2.3(b).

 

(e) Officer’s
Certificate. The Buyer shall have delivered a certificate of an authorized officer of the Buyer dated as of the Closing
Date, certifying as to the satisfaction of the conditions of Closing of the Buyer.

 

(f) Exchange
Agreement. The Buyer shall have delivered to the Stockholders a fully executed copy of the Exchange Agreement,
substantially in the form set forth on Exhibit E hereto.

 

(g) Paycheck
Protection Program. The loan issued to ADEX Corporation under the paycheck protection program, pursuant to that certain
note issued by Heritage Bank of Commerce, dated as of April 27, 2020 shall have been forgiven in full.

 

ARTICLE IX.

DEFAULT; TERMINATION

 

Section 9.1 Termination.
This Agreement may be terminated at any time prior to the Closing:

 

(a) by mutual
agreement of the Parties;

 

(b) by the Buyer,
if the conditions set forth in Section 8.1 and 8.2 shall not have been complied with or performed in any
material respect and such noncompliance or nonperformance by the Company or the Stockholders shall not have been cured or
eliminated (or by its nature cannot be cured or eliminated) before the Closing Date;

 

(c) by the
Company, if the conditions set forth in Section 8.1 and 8.3 shall not have been complied with or performed in
any material respect and such noncompliance or nonperformance shall not have been cured or eliminated (or by its nature
cannot be cured or eliminated) by the Buyer at or before the Closing Date; or

 

(d) by either
Party in the event the Closing has not occurred by 11:59 p.m., Central Time on June 1, 2021(the “Termination
Date”); provided that the right to terminate this Agreement pursuant to this Article IX shall not be
available to the Party seeking to terminate if any action of such Party or the failure of such Party to perform any of its
obligations under this Agreement required to be performed at or prior to the Closing has been the cause of, or resulted in,
the failure of the Closing to occur on or before the Termination Date and such action or failure to perform constitutes a
breach of this Agreement.

 

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In the event of the
termination of this Agreement, this Agreement shall thereafter become void and have no effect, and no Party shall have any liability
to any other Party or its stockholders, directors or officers in respect thereof, except that nothing herein will relieve any Party
from liability for any breach of this Agreement prior to such termination.

 

ARTICLE X.

GENERAL PROVISIONS

 

Section 10.1 Notices.
All notices, requests, claims, demands and other communications under this Agreement must be in writing and will be deemed given
if delivered personally, sent by overnight courier (providing proof of delivery) or via facsimile or email (providing proof of
sending) to the Parties at the following addresses (or at such other address for a party as specified by like notice):

 

		(a)	if to the Buyer or the Company, to:

 

Spectrum Global Solutions, Inc.

980 N. Federal Highway, Suite 304

Boca Raton, FL 33432

Attn: Roger Ponder

Telephone: (407) 512-9102

Telecopy:

 

]with a copy to:

 

Pryor
Cashman LLP

7
Times Square

New
York, NY 10036

Attn:
M. Ali Panjwani, Esq.

Telephone:
(212) 326-0820

Telecopy:
(212) 326-0806

 

		(b)	if to Investors Representative:

 

30 N. Lincoln Street

Batavia, IL 60510

Attn: Mark Porter

Telephone: (952) 974-4008

Email: mark.porter@highwirenetworks.com

 

with copies to:

 

George Weems

Ice Miller LLP

2300 Cabot Drive, Suite 455

Lisle, IL 60532

George.Weems@icemiller.com

Telephone: (630) 955-4296

Telecopy: (630) 955-5829

 

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Section 10.2 Disclosure
Schedules. Information set forth in the Schedules to this Agreement shall modify, supplement, qualify or limit the representations
made in Article III or Article IV or Article V, respectively. The Section number headings in the Schedules
correspond to the Section numbers in this Agreement.

 

Section 10.3 Assignability;
Binding Agreement; Third Party Beneficiary. Except as expressly permitted by the terms hereof, neither this Agreement nor any
of the rights, interests or obligations hereunder shall be assigned (whether by operation of Law or otherwise) by any of the Parties
hereto without the prior written consent of the other Parties.

 

Section 10.4 Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under Law,
but if any provision (or part thereof) of this Agreement shall be deemed prohibited or invalid under such Law, such provision (or
part thereof) shall be ineffective to the extent of such prohibition or invalidity, and such prohibition or invalidity shall not
invalidate the remainder of such provision or the other provisions of this Agreement.

 

Section 10.5 No
Agreement Until Executed. Irrespective of negotiations among the Parties or the exchanging of drafts of this Agreement, this
Agreement shall not constitute or be deemed to evidence a contract, agreement, arrangement or understanding among the Parties hereto
unless and until this Agreement is executed and delivered by the Parties hereto.

 

Section 10.6 Certain
Definitions. For purposes of this Agreement:

 

(a) An
“Affiliate” of a Person means (i) with respect to an individual, such individual’s spouse, children
(natural or adopted), or any other direct lineal descendant of such individual or his spouse or any sibling of such Person or
any lineal descendant of such sibling; (ii) with respect to an entity, any officer, director, Equity Interest holder,
partner, member or employee of such entity of any Affiliate of such entity; and (iii) with respect to an individual or
entity, any Person which directly or indirectly Controls, is Controlled by, or is under common Control with such Person.

 

(b)
“Business Day” means any day other than a Saturday or Sunday or weekday on which banks in Chicago,
Illinois are authorized or required to be closed.

 

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

 

(d)
“Contractual Obligation” means, with respect to any Person, any contract, agreement, deed, mortgage,
lease, sublease, license, commitment, promise, undertaking, arrangement or understanding, whether written or oral and whether
express or implied, or other document or instrument to which or by which such Person is a party or otherwise subject or bound
or to which or by which any property, business, operation or right of such Person is subject or bound.

 

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(e)
“Control” (including the terms “Controlled by” and “under common Control with”)
means the possession, directly or indirectly or as trustee or executor, of the power to direct or cause the direction of the
management policies of a Person, whether through the ownership of Equity Interests, as trustee or executor, by contract or
otherwise.

 

(f)
“Encumbrance” means any mortgage, pledge, security interest, claim, charge, Taxes, lien, option, right of
first refusal, easement, restrictive covenant, restriction and encumbrance of any kind.

 

(g)
“Equity Interests” means (i) any capital stock, share, partnership or membership interest, unit of
participation or other similar interest (however designated) in any Person and (ii) any option, warrant, purchase right,
conversion right, exchange rights or other Contractual Obligation which would entitle any Person to acquire any such interest
in such Person or otherwise entitle any Person to share in the equity, profit, earnings, losses or gains of such Person
(including stock appreciation, phantom stock, profit participation or other similar rights).

 

(h)
“Exchange Agreement” means an agreement between the Buyer and the holders of Buyer’s Series B
Preferred Stock, par value $0.00001 per share, pursuant to which such holders shall exchange all outstanding Series B
Preferred Stock for Class D Stock.

 

(i)
“GAAP” means United States generally accepted accounting principles, consistently applied by the Company
in accordance with its prior accounting practices.

 

(j)
“Governmental Authority” means any government or political subdivision, whether federal, state, local or
foreign, or any agency or instrumentality of any such government or political subdivision, or any federal, state, local or
foreign court or arbitrator having competent jurisdiction, as well as any accrediting body.

 

(k)
“Indebtedness” means, with respect to the Company, (i) indebtedness for borrowed money, (ii) indebtedness
for the deferred purchase price of property or services, (iii) any indebtedness evidenced by any note, bond, debenture or
other debt security; (iv) obligations as lessee under leases which have been or should be, in accordance with GAAP
consistently applied, recorded as capital leases; (v) all accrued and unpaid interest on or any premiums, fees, penalties,
expenses or other amounts due with respect to (i) through (iv) above; (vi) uncleared checks outstanding as of Closing written
by the Company; (vii) all deferred obligations or liabilities, including deferred revenue and deferred rent obligations or
liabilities (in each case, determined in accordance with GAAP); (viii) all accrued and unpaid bonuses or severance to
employees (ix) all accounts payable that are past their respective due date, (x) any funds or accounts held by the Company
that should have been escheated to any Governmental Authority under Law, and (xi) any obligations of any other Person or a
type referred to in clauses (i) through (x) to the extent directly or indirectly guaranteed by the Company.

 

(l)
“Investors” means the Company’s Stockholders.

 

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(m)
“Knowledge” means the facts, circumstance or other information that are actually known by an individual.
The phrases “to the Company’s Knowledge,” “to the Knowledge of the Company” or similar uses of
Knowledge coupled with the Company shall mean the Knowledge of Mark Porter.

 

(n)
“Law” means any domestic, foreign, state or local statute, law, ordinance, rule, administrative
interpretation, regulation, order, writ, injunction, directive, judgment or decree applicable to the Company or either
Stockholder or the Buyer, in each case as applicable, or any of their respective Affiliates, properties, assets, or
Representatives.

 

(o)
“Material Adverse Effect” means any adverse effect on an entity’s business, operations, assets,
prospects or financial condition of such entity, taken as a whole, and which is material to such entity or other entities
Controlling or Controlled by such entity or which is likely to materially hinder the performance by such entity of its
obligations hereunder.

 

(p)
“Notes” means promissory notes to be issued by the Buyer at the Closing, substantially in the form
attached hereto as Exhibit F.

 

(q)
“ordinary course of business” means, with respect to any Person, the usual and ordinary course of such
Person’s business consistent with past custom and practice (including with respect to frequency, quantity and
magnitude).

 

(r)
“Person(s)” means an individual, corporation, partnership, limited liability company, joint venture,
association, trust, unincorporated organization or other entity or group (as defined in Section 13(d) of the Exchange
Act).

 

(s)
“Proceeding” means any claim, controversy, action, cause of action, suit, litigation, arbitration,
investigation, opposition, interference, audit, assessment, hearing, complaint, demand or other legal proceeding (whether
sounding in contract, tort or otherwise, whether civil or criminal and whether brought at Law or in equity).

 

(t)
“Subsidiary” means, with respect to any specified Person, any other Person of which such specified Person,
directly or indirectly through one or more subsidiaries, (a) owns at least fifty percent (50%) of the outstanding Equity
Interests entitled to vote generally in the election of the board of directors or similar governing body of such other Person
or (b) has the power to generally direct the business and policies of that other Person as a general partner, managing
member, manager or other similar capacity.

 

(u)
“Tax” or “Taxes” means any federal, state, local or foreign income, gross receipts,
capital gains, franchise, alternative or add-on minimum, estimated, sales, use, goods and services, transfer, registration,
value added, excise, natural resources, severance, stamp, occupation, premium, windfall profit, environmental, customs,
duties, real property, special assessment, personal property, capital stock, social security, unemployment, employment,
disability, payroll, license, employee or other withholding, contributions or other similar tax, including any interest,
penalties or additions to tax or additional amounts in respect of the foregoing.

 

(v)
“Transaction Agreements” means this Agreement and any other agreement entered into by the Parties in
connection with the transactions contemplated by this Agreement, including, without limitation, the Employment Agreement, the
Certificate of Merger, the Certificate of Incorporation, the Notes, the Exchange Agreement.

 

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Section 10.7 Interpretation.
When a reference is made in this Agreement to an Article, Section, Exhibit or Schedule, such reference will be to an Article or
Section of, or a Schedule or Exhibit to, this Agreement unless otherwise indicated. The table of contents and headings contained
in this Agreement are for reference purposes only and will not affect in any way the meaning or interpretation of this Agreement.
Whenever the words “include”, “includes” or “including” are used in this Agreement, they will
be deemed to be followed by the words “without limitation.” Where the context permits, the use of the term “or”
will be non-exclusive and equivalent to the use of the term “and/or.” The words “hereof,” “herein”
and “hereunder” and words of similar import when used in this Agreement will refer to this Agreement as a whole and
not to any particular provision of this Agreement. All terms used herein with initial capital letters have the meanings ascribed
to them herein and all terms defined in this Agreement will have such defined meanings when used in any certificate, exhibits or
Schedules or other document made or delivered pursuant hereto unless otherwise defined therein. The definitions contained in this
Agreement are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine
and neuter genders of such term. Any agreement, instrument or statute defined or referred to herein, or in any agreement or instrument
that is referred to herein, means such agreement, instrument or statute as from time to time amended, modified or supplemented,
including (in the case of agreements or instruments) by waiver or consent and (in the case of statutes) by succession of comparable
successor statutes and references to all attachments thereto and instruments incorporated therein. References to a Person are also
to its permitted successors and assigns. Accounting terms used and not otherwise defined herein shall have the meanings given to
them by GAAP, consistently applied. The term “certificate, exhibits or schedules” when used herein is not intended
to incorporate preexisting agreements between the Company and unrelated third parties that may be attached or delivered as part
of an exhibit or schedule but have not been made with reference or in connection with this Agreement or the Closing.

 

Section 10.8 Fees
and Expenses. Each of the Buyer, on the one hand, and the Company and the Stockholders on the other hand, shall bear their
own expenses in connection with the negotiation and the consummation of the transactions contemplated by this Agreement.

 

Section 10.9 Governing
Law. This Agreement will be governed by, and construed in accordance with, the internal Laws of the State of Delaware regardless
of the Laws that might otherwise govern under applicable principles of conflict of Laws.

 

Section 10.10 Specific
Performance. The Parties hereto agree that irreparable damage would occur in the event that any of the covenants in this Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties
shall be entitled to an injunction or injunctions to prevent breaches of the covenants set forth in this Agreement and to enforce
specifically the terms and provisions of the covenants hereof in accordance with Section 10.11, without bond or proof of
the inadequacy of damages.

 

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Section 10.11 Venue;
Consent to Jurisdiction. All disputes, claims, or controversies arising out of or relating to this Agreement or any of the
other Transaction Agreements or the transactions contemplated hereby or thereby or the negotiation, validity or performance hereof
or thereof that are not resolved by mutual agreement shall only be brought in the federal or state courts situated in Chicago,
Illinois (including the appropriate appellate courts therefrom). Each of the Parties hereto irrevocably and unconditionally consents
to the exclusive jurisdiction of such federal courts to resolve all such disputes, claims or controversies and further consents
to the jurisdiction of such federal courts; provided, however, that to the extent necessary to avoid irreparable harm, any
party may seek temporary or preliminary injunctive relief in accordance with Section 10.10 in any court of competent jurisdiction.
EACH OF THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS SUCH PARTY MAY HAVE TO A TRIAL BY
JURY IN RESPECT OF ANY SUCH DISPUTES, CLAIMS OR CONTROVERSIES. Each party hereto further irrevocably waives any objection to any
Proceeding before such federal courts based upon lack of personal jurisdiction or to the laying of venue in such federal courts
and further irrevocably and unconditionally waives and agrees not to make a claim in any court that any Proceeding before such
federal courts has been brought in an inconvenient forum. Each of the Parties hereto hereby consents to service of process by registered
mail at the address to which notices are to be given hereunder. Each of the Parties hereto hereby agrees that its submission to
jurisdiction and its consent to service of process by mail are made for the express benefit of the other Parties hereto.

 

Section 10.12 Mutual
Drafting. The Parties hereto are sophisticated and have been represented by attorneys throughout the transactions contemplated
hereby who have carefully negotiated the provisions hereof. As a consequence, the Parties do not intend that the presumptions of
Laws or rules relating to the interpretation of contracts against the drafter of any particular clause should be applied to this
Agreement or any agreement or instrument executed in connection herewith, and therefore waive their effects.

 

Section 10.13 Integration.
This Agreement and the other Transaction Agreements, including the Schedules, exhibits, documents and instruments referred to herein
or therein, constitutes the entire agreement, and supersedes all other prior agreements and understandings, both written and oral,
among the Parties with respect to the subject matter hereof and thereof.

 

Section 10.14 Counterparts.
This Agreement may be executed and delivered by facsimile, email of a .pdf, .tiff, JPEG or similar file, or e-signature and in
any number of counterparts, each of which when so executed and delivered shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

Section 10.15 Amendments,
Waivers and Consents. For the purposes of this Agreement and all agreements executed pursuant hereto, no course of dealing
between or among any of the Parties hereto and no delay on the part of any party hereto in exercising any rights hereunder or thereunder
shall operate as a waiver of the rights hereof and thereof. No provision hereof may be waived otherwise than by a written instrument
signed by the Party or Parties so waiving such covenant or other provision. Waiver of any term or condition of this Agreement by
a party shall not be construed as a waiver of any subsequent breach or waiver of the same term or condition by such party, or a
waiver of any other term or condition of this Agreement by such party. No amendment to this Agreement may be made without the written
consent of the Stockholders, the Company and the Buyer.

 

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Section 10.16 Investors’
Representative.

 

(a) Appointment;
Authorization. The Stockholders, Company, Buyer and MergerCo each hereby acknowledges and agrees that Mark Porter shall
have full, sole and exclusive power and authority to take all actions which he believes are necessary or appropriate under
this Agreement and any other Transaction Agreement (whether on behalf of himself and/or any of the Stockholders), including
without limitation: (i) giving and receiving any notices, documents and instructions permitted or required under this
Agreement or any other Transaction Agreement; (ii) receiving and accepting legal process in connection with any suit or
Proceeding arising under this Agreement or any other Transaction Agreement; (iii) interpreting all of the terms and
provisions of this Agreement or any other Transaction Agreement; (iv) authorizing payments to be made with respect to this
Agreement and any other Transaction Agreement; (v) bringing claims with respect to, or waiving, any inaccuracies in the
representation and warranties of Buyer and MergerCo contained in this Agreement or any other Transaction Agreement; (vi)
taking all other actions specified in or contemplated by this Agreement or any other Transaction Agreement; and (vii)
engaging counsel, accountants or other representatives in connection with any of the foregoing matters. Without limiting the
generality of the foregoing, the Investors’ Representative shall have the full, sole and exclusive power and authority
on behalf of itself and the Stockholders, to consent to any amendment hereof or any other Transaction Agreement. The Company,
Buyer and MergerCo hereby agree to, and shall cause their respective directors, officers, employees and representatives to,
correspond exclusively with the Investors’ Representative on any and all matters related to this Agreement, any other
Transaction Agreement or any and all transactions contemplated hereby and thereby. Any decision and/or action taken by the
Investors’ Representative pursuant to the authority granted herein shall be effective and absolutely binding upon all
of the Stockholders and no Stockholder shall have the right to object, dissent, protest or otherwise contest the same.

 

(b) Access to
Information. The Investors’ Representative shall have reasonable access to information of and concerning any matter
with respect to which the Investors’ Representative has the authority to act under this Agreement or any other
Transaction Agreement (including without limitation any Claim) and which is in the possession, custody or Control of Buyer or
the Surviving Corporation and the reasonable assistance of Buyer’s and the Surviving Corporation’s officers and
employees for purposes of performing the Investors’ Representative duties and exercising its rights under this
Agreement and any other Transaction Agreement, including for the purpose of evaluating any Claim; provided that the
Investors’ Representative shall treat confidentially and not, except in connection with enforcing its rights under this
Agreement or any other Transaction Agreement, disclose any nonpublic information from or concerning any matter with respect
to which the Investors’ Representative has the authority to act under this Agreement or any other Transaction Agreement
(including without limitation any Claim) to anyone (except to the Investors’ Representative’s attorneys,
accountants or other advisers, to the Stockholders and to any other Person on a need-to-know basis, but only if such other
Person agrees to keep such information confidential or otherwise has a professional duty to keep such information
confidential).

 

(c) Orders.
The Investors’ Representative is authorized, in his sole discretion, to comply with final, non-appealable orders or
decisions issued or process entered by any court of competent jurisdiction or arbitrator and if the Investors’
Representative complies with any such order, writ, judgment or decree, it shall not be liable to any Stockholder or to any
other Person by reason of such compliance even though such order, writ, judgment or decree may be subsequently reversed,
modified, annulled set aside or vacated.

 

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(d) Removal of
the Investors’ Representative; Authority of Investors’ Representative. The Stockholders receiving at least
seventy-five percent (75%) of all consideration paid to the Stockholders under this Agreement shall have the right at any
time to remove the then-acting Investors’ Representative and to appoint a successor Investors’ Representative; provided,
however, that neither such removal of the then acting Investors’ Representative nor such appointment of a successor
Investors’ Representative shall be effective until the delivery of executed counterparts of a writing signed by each
such Stockholder with respect to such removal and appointment, together with an acknowledgement signed by the successor
Investors’ Representative appointed in such writing that he, she or it accepts the responsibility of successor
Investors’ Representative and agrees to perform and be bound by all of the provisions of this Agreement and any other
Transaction Agreement applicable to the Investors’ Representative. Each successor Investors’ Representative shall
have all of the power, authority, rights and privileges conferred by this Agreement upon the original Investors’
Representative, and the term “Investors’ Representative” shall be deemed to include any interim or
successor Investors’ Representative.

 

(e) Irrevocable
Appointment. Each Stockholder by virtue of the approval and adoption of this Agreement or other appointment authorization
documentation (other than holders of dissenting shares) or by accepting any consideration payable hereunder hereby appoints
Mark Porter as the “Investors’ Representative” and his, her, or its true and lawful agent and
attorney-in-fact, with full power and authority in each of his, her, or its name and on behalf of each of them: (i) to act on
behalf of each of them or any one of them in the absolute discretion of the Investors’ Representative in general, to do
all things and to perform all acts, including executing and delivering all agreements, certificates, receipts, notices,
instructions and other instruments contemplated by or deemed advisable to effectuate the provisions of this Agreement.
Subject to Section 10.16(d), the appointment of the Investors’ Representative hereunder is coupled with an
interest and therefore is irrevocable and shall survive the bankruptcy, dissolution or liquidation of any Stockholder, and
any action taken by the Investors’ Representative pursuant to the authority granted in this Section 10.16,
shall be effective and absolutely binding as the action of the Investors’ Representative; provided, however
that all of the rights and obligations of the Investors’ Representative hereunder may be assigned by the
Investors’ Representative to any successor-in-interest or Affiliate of the Investors’ Representative. Each
Stockholder hereby consents to the taking of any and all actions and the making of any decisions required or permitted to be
taken or made by the Investors’ Representative pursuant to this Section 10.16. Each Stockholder agrees that the
Investors’ Representative shall have no obligation or liability to any Person for any action or omission taken or
omitted by the Investors’ Representative in good faith hereunder, and each of the Stockholders shall indemnify and hold
the Investors’ Representative harmless from and against any Representative expenses that the Investors’
Representative may sustain as a result of any such action or omission by the Investors’ Representative hereunder, and
such indemnity shall survive the resignation of the Investors’ Representative or the termination of this Agreement. In
no event will the Investors’ Representative be required to advance his own funds on behalf of the Stockholders or
otherwise. The Investors’ Representative may, in all questions arising under this Agreement, rely on the advice of
counsel. In no event shall the Investors’ Representative be liable hereunder or in connection herewith, in its capacity
as the Investors’ Representative, for any indirect, punitive, special or consequential damages. In no event shall the
Buyer or the Company have any liability as a result of any action taken by the Investors’ Representative or any action
taken by the Company or the Buyer at the request or instruction of the Investors’ Representative. The Investors’
Representative is a party to this Agreement, in his capacity as Investors’ Representative, solely for the purposes of
and in accordance with this Section 10.16 and such other Sections as required to perform his duties as
Investors’ Representative.

 

[signatures on following page]

 

    25

     

    

 

IN WITNESS WHEREOF,
the Parties hereto have caused this Agreement to be signed personally, or by their respective officers thereunto duly authorized,
all as of the date first written above.

 

	 	BUYER:
	 	 
	 	SPECTRUM
    GLOBAL SOLUTIONS, INC.
	 	 
	 	By:	/s/
    Roger Ponder
	 	Title:	Chief
    Executive Officer
	 	 
	 	MERGERCO:
	 	 
	 	HW
    MERGER SUB, INC.
	 	 
	 	By:	/s/
    Roger Ponder
	 	Title:	Chief
    Executive Officer
	 	 
	 	COMPANY:
	 	 
	 	HWN,
    INC.
	 	 
	 	By:	/s/
    Mark Porter
	 	Title:	Chief
    Executive Officer
	 	 
	 	INVESTORS’
    REPRESENTATIVE:
	 	 
	 	MARK
    PORTER
	 	 
	 	/s/
    Mark Porter
	 	 
	 	STOCKHOLDERS:
	 	 
	 	MARK
    PORTER
	 	 
	 	/s/
    Mark Porter
	 	 
	 	JEFFREY
    GARDNER
	 	 
	 	/s/
    Jeffrey Gardner
	 	 
	 	JAMES
    MARSH
	 	 
	 	/s/
    James Marsh

 

 

26

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